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Golden eggs in advance: In current market, Coal India share sale should go through

Jan 29, 2015 at 13:55 | Source: FirstPost

The Modi government plans to offload a 10 percent stake in Coal India tomorrow (30 September), raising a potential Rs 22,000-24,000 crore in one go. This will be nearly half the total money of Rs 43,425 crore the budget had pencilled in for raising t...

3G spectrum: Era of cheap prices is over; telcos have to change their business models

Jan 29, 2015 at 12:27 | Source: FirstPost

The Union cabinet's decision to keep the reserve price for 3G spectrum at Rs 3,705 crore per Mhz in the 2,100 Mhz band for auctions scheduled to begin on 4 March is probably the right call. One says probably because no one can predict where prices wi...

Modi walks the talk: Govt's decision to not appeal in Vodafone case is a landmark one

Jan 29, 2015 at 10:20 | Source: FirstPost

The government's decision yesterday to not appeal against the Bombay High Court's order favouring Vodafone in a transfer pricing case is a landmark one.The case pertains to a Rs 3,200 crore notice slapped on Vodafone by the tax department alleging th...

Modi walks the talk: Govt's decision in Vodafone case marks a break from past

Jan 29, 2015 at 08:29 | Source: FirstPost

The government's decision yesterday to not appeal against the Bombay High Court's order favouring Vodafone in a transfer pricing case is a landmark one.The case pertains to a Rs 3,200 crore notice slapped on Vodafone by the tax department alleging th...

Government will not appeal Vodafone tax ruling

Jan 29, 2015 at 00:45 | Source: FirstPost

MUMBAI (Reuters) - The government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided on Wednesday, in a move aimed at boosting investor confidence in Asia's third-largest economy...

Boeing reports surge in 4th-qtr profit, sees cash boost in 2015

Jan 29, 2015 at 00:30 | Source: FirstPost

REUTERS - Boeing Co reported a 23 percent rise in core quarterly profit on Wednesday, topping analysts' estimates and sending its shares up 3.4 percent.The company also delivered $4.3 billion in free cash flow in the fourth quarter, about 65 percent ...

Vodafone case: Government not to appeal against Bombay High Court order

Jan 28, 2015 at 19:51 | Source: FirstPost

New Delhi: To avoid "fruitless litigation" and allay investors' concerns on tax issues, government today decided against appealing a court order that absolved Vodafone of Rs 3,200 crore tax demand in a transfer pricing case.As Cabinet decid...

Why is Apple sitting on $142bn?

Jan 28, 2015 at 19:06 | Source: BBC

King Midas, you may remember, had a problem with gold. Everything he touched turned to the yellow stuff. Fine for a while, but not when he realised everything meant just that - everything. He might have had some sympathy with Apple's problem of ...

Obama, Apple and the tax issue

Jan 28, 2015 at 17:46 | Source: BBC

First, a hat-tip, as they call it on Twitter. Apple is an astonishing success. It sells a small suite of expensive devices with which its customers have an almost religious relationship. People queue outside its stores in the snow (Japan) to buy the ...

Greece will not default - PM Tsipras

Jan 28, 2015 at 17:46 | Source: BBC

Syriza, the left-wing party that stormed to power in Greece with 36% of the vote, has promised to ditch austerity and renegotiate the country's €240bn (£180bn; $270bn) bailout with the European Union and International Monetary Fund. But what ...

No relief: Despite a 30% drop in sales, home prices will remain unaffordable in 2015-16

Jan 28, 2015 at 12:52 | Source: FirstPost

Even an expected pick up in the countrys economic growth in fiscal year2016, wouldnt be enough to prod the common man to buy is dream home due to persistently high prices of residential properties, rating agency, India ratings said.Home prices are un...

Yahoo to spin-off Alibaba shares as earnings slide

Jan 28, 2015 at 12:32 | Source: BBC

Yahoo has announced a plan to spin-off its 15% stake in China's Alibaba Group and hand the business to its shareholders. In creating a separate company that is made up of its stake in Alibaba, Yahoo will avoid a large tax bill. Yahoo also report...

Kenji Goto: Abe condemns 'despicable' IS hostage video

Jan 28, 2015 at 12:32 | Source: BBC

Japan's Prime Minister Shinzo Abe has said a new Islamic State (IS) video threatening to kill hostage Kenji Goto within 24 hours is despicable . In the footage a voice believed to be Mr Goto says he and a Jordanian pilot will be killed unless Jo...

Budget 2015: Dear Jaitley, salaried class deserves exclusive tax benefits

Jan 28, 2015 at 08:17 | Source: FirstPost

Successive finance ministers have made right noises about widening the tax base, alluding to the reality that businessmen and professionals by and large thumb their noses at the taxman.The proposed GST regime, to be sure, can improve the direct tax c...

A slower recovery

Jan 28, 2015 at 03:16 | Source: BBC

There has been a slowdown in the British economy, driven by weaker construction, manufacturing and energy production - although it would be premature to see this as an end to the recovery. GDP, or national income, grew 0.5% in the fourth quarter of t...

Maruti promises clarity on cash plans

Jan 27, 2015 at 23:30 | Source: FirstPost

NEW DELHI (Reuters) - Car maker Maruti Suzuki(MRTI.NS) has promised investors more clarity on its investment plans after March, a move that goes some way to appeasing shareholders that have fretted over the low returns it earns from a growing cash pi...

Firms may have to undergo dual audits under GST; it is not a fair system

Jan 27, 2015 at 17:10 | Source: FirstPost

Perhaps stung by the constant carping about the lack of big ticket reforms by the government, finance minister Arun Jaitley, speaking at Davos, listed several things the government had done. One of them was the goods and services tax (GST), the bill ...

Reading tea leaves from Union Bank results: Stress on state-run banks continues

Jan 27, 2015 at 14:59 | Source: FirstPost

State-run banks havent been able to break the jinx of bad loan addition just yet if one goes by the December quarter numbers of Union Bank of India, the first big state-run lender that announced the quarterly earnings.The banks net profit slipped som...

Markets are not panicking over Greece exiting the Eurozone. Here's why

Jan 27, 2015 at 13:24 | Source: FirstPost

In his wonderful book How to Speak Money John Lanchester defines Grexit as the hypothetical exit of Greece from the Eurozone. Eurozone is a term used referring to countries which use euro as their currency.As things stand as of now the chances of Gre...

SpiceJet rescue plan: Second tranche of Rs 400 cr to come in by February 15

Jan 27, 2015 at 11:15 | Source: FirstPost

SpiceJet's new promoter Ajay Singh has invested the first tranche of Rs 100 crore over this weekend and now, the next important date in the airline's survival saga is February 15. As per the recapitalisation plan of Singh, which has been approved by ...

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