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Articles »

Cabinet Okays Swapping Spectrum With Defence

by CNBC-TV18 | 21st-Jan-15 20:07

Cabinet gives nod for 15 MHz spectrum swapping b/w Defence and telecom.

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Govt Tightens Regulatory Norms For Cos Having Turnover Over Rs 35 Cr

by PTI | 2nd-Jan-15 19:57

Corporates having annual turnover of Rs 35 crore and above would be required to mandatorily maintain cost records, as per the new norms notified by the government.

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RBI Directs Payment Firms To Display Co. Name In Products

by PTI | 2nd-Jan-15 19:23

Reserve Bank has directed entities offering services such as e-wallets, smart cards and White Label ATMs to prominently display their company name in products to ensure transparency.

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Use Public Buildings For Optical Fibre Project: DoT

by PTI | 2nd-Jan-15 17:48

To speed up the national optical fibre network (NOFN) project, DoT has advised officials to use public buildings such as post offices, railway stations and schools in case gram panchayat offices are not available to carry out the work.

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SRF Acquires Dupont's Dymel Pharma Propellant Biz For $20 Mn

by PTI | 1st-Jan-15 19:45

Diversified firm SRF today announced acquisition of US-based firm DuPont\'s pharmaceutical propellant business under the Dymel brand for$20 million (over Rs 120 crore) in an all-cash deal.

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Excise Duty Hike on Petrol, Diesel By Rs 2/Ltr w.e.f 2nd Jan

1st-Jan-15 19:41

In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during current and next financial year, the Government has decided to increase basic excise duty on petrol and diesel (both branded and unbranded) by Rs. 2 per litre. Allocation of these resources to the road sector will also spur economic activity and employment generation arising from the road construction sector. These increased rates of basic excise duty will be effective from 2ndJanuary, 2015 (that is from midnight of 1st and 2nd January, 2015). There will be no change in other excise duty rates applicable to these commodities.

more

Maruti, Hyundai Sales Surge In December; GM Slumps

by PTI | 1st-Jan-15 19:14

Maruti Suzuki\'s December sales jump 20.8% to 1,09,791 units. The car maker had reported sales of 90,924 units in the same month last year.

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Azim Premji Wants To Take Consumer Business Private

by Sajeet Manghat | 1st-Jan-15 18:56

Azim Premji owned Wipro Enterprises is looking to take the business private.

more

Stock Market Investors Richer By Rs 28 Lakh Cr In 2014

by PTI | 31st-Dec-14 19:48

Stock market investors became richer by a whopping Rs 28 lakh crore in 2014 as a record market rally boosted the valuation of all listed firms to Rs 98.36 lakh crore at the end of year.

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States To Get 1-Year Grace Period For Implementing GST

by PTI | 30th-Dec-14 19:28

States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new indirect tax regime from April 2016.

more

Government To Amend Arbitration & Conciliation Act

by Rituparna Bhuyan | 29th-Dec-14 19:25

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, taking into consideration the Law Commission\'s recommendations, has approved to amend the Arbitration and Conciliation Act, 1996.

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China May Have Spent $409 Bn On Infrastructure Development

by PTI | 29th-Dec-14 18:04

China\'s investment on development of roads, railways, airports and waterways is expected to hit $409 billion by the end of the year as the Communist Nation continues to rely on the sector to sustain growth.

more

Aviation Ministry Considering Mechanism To Cap Maximum Fare

by Sindhu Bhattacharya | 24th-Dec-14 19:27

Spooked by the near demise of Spicejet, Civil Aviation Minister A Gajapathi Raju today asked secretary V Somasundaran to devise a mechanism for short term regulation of air fares.

more

Reliance Enters Into A Joint Venture For Textile Business

by Press Release | 9th-Dec-14 17:09

Reliance Industries Limited (‘RIL’) India and Shandong Ruyi Science and Technology Group Co. Ltd, China (‘Ruyi’) (through its wholly owned subsidiary), have executed definitive agreements for a joint venture in textiles.

more

DGCA Cracks Down At Spicejet, Withdraws 100 Slots

by Sindhu Bhattacharya | 5th-Dec-14 19:55

Low-cost carrier SpiceJet has sought six weeks from the aviation ministry to find a strategic partner for the airline. The airline’s top brass met minister A Gajapathi Raju last week and asked for time to find an investor.

more

R.I.P. Maharashtra Former CM Antulay; Actor Deven Varma

by CNBC-TV18 | 2nd-Dec-14 16:31

Former Union minister and senior Congress leader A.R. Antulay died on Tuesday following prolonged illness, a family member said. He was 85.

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Government Lifts Gold Import Curbs

by Sapna Das | 28th-Nov-14 19:44

80:20 scheme for gold imports to be scrapped.

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Sahara May Move SC To Sell 4 Land Parcels For Rs 2,200-2,300 Cr

by Nayantara Rai | 27th-Nov-14 19:44

CNBC-TV18 exclusively learns Sahara may shortly move SC to sell 4 land parcels for Rs 2,200 - Rs 2,300 cr. Sahara is filing this application to allay buyer\'s fears of on future land siezeures. These land parcels are located in Gurgaon, Vasai, Pune and Jodhpur. Sahara hoping to raise Rs 2,200 - Rs 2,300 cr from this exercise is a drop in the ocean compared to the Rs 47,000 cr being demanded from the market regulator SEBI in the debenture refund.

more

Relief for Vodafone in Rs 3,200-Crore Tax Case

by CNBC-TV18 | 26th-Nov-14 19:46

In a relief for British telecom giant Vodafone, Attorney General Mukul Rohatgi on Wednesday agreed with the Central Board of Direct Taxes (CBDT) chairman that the ruling of the Bombay High Court in favour of the telecom player in the Rs 3,200 crore tax dispute should not be appealed in Supreme Court.

more

Oil Min Asks FM To Take Up Relief Pkg For Gas Power Units

by CNBC-TV18 | 26th-Nov-14 18:34

Oil, Power Min seek financial aid for stranded gas based power plants.

more

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