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[2010:09:08] Petrol, diesel to cost more
Petrol and diesel prices across the country will increase by 9-13 paise a litre with effect from Tuesday midnight, after the government decided to increase the commission to petrol pump dealers.
[2010:09:08] India Inc faces 2% CSR levy
Several Indian companies might have to set aside 2 per cent of their average net profits during the preceding three years to meet corporate social responsibility (CSR) spending requirements. A parliamentary standing committee on finance, which vetted the Companies Bill, 2009, said in its report that the ministry of corporate affairs has agreed to the suggestion.
[2010:09:08] How CSO plans to avoid issuing wrong GDP data
"The process of rectification began immediately. . . it has already begun. . . the immediate correction was already there. So far what else I can do to improve the quality of the expenditure side figures, I have already started," Chief Statistician TCA Anant said.
[2010:09:08] India Inc decries proposed cap on CEO pay
A parliamentary panel's suggestion that CEOs' salaries should be capped has not found favour with industry chambers and leaders, who said the matter should be left to corporates and their shareholders.
[2010:09:08] Bharti Axa to give full price for stolen cars?
Bharti Axa General Insurance on Tuesday launched an add-on insurance product for car owners, which will provide them full purchase price of the vehicle for the first two years, in case of theft or loss.
[2010:09:07] RBI for higher pay to PSU bank CEOs
Subbarao also warned of attrition in PSBs, saying, "PSBs will lose talent to the private sector."
[2010:09:07] Delhi Metro riding high
As its reach now extends from north Delhi to the satellite city Gurgaon, Delhi Metro's ridership is increasing day-by-day with over 14 lakh people taking a ride on the new age transport system on Monday alone.
[2010:09:07] What the new tax code unfolds for the taxpayers
The revised draft of DTC has proposed some major changes for the taxpayers. However, the changes in the revised draft are far from being the bold changes envisaged in the earlier draft.
[2010:09:07] 17 mn mobile users added in July: Trai
According to data released by the telecom regulator, the wireless subscriber base increased from 635.51 million in June to 652.42 million by the end of July, 2010, registering a growth of 2.66 per cent.
[2010:09:07] Wider rich-poor gap: Most Indians blame growth
The survey revolving around poverty-related issues covered 5,000 people across the country.
[2010:09:07] Monthly data on FDI soon
The data will be released in coordination with the Reserve Bank, which has so far been the sole agency for compiling information on the outward FDI.
[2010:09:07] Kochchar hopes RBI continues war on inflation
The country's largest private sector lender ICICI Bank on Tuesday said that it expects the Reserve Bank to continue with calibrated approach to check inflation at its upcoming September 16 monetary policy review.
[2010:09:07] India's highest paid CEOs: Naveen Jindal leads
At a time when the Members of Parliament (MPs) bagged a 300 per cent salary hike, India Inc has taken a pay hike between 50-90 per cent.
[2010:09:07] Markets have another good session
Significantly, the Nifty crossed the 5600 barrier for the first time in 31 months.
[2010:09:07] Govt writes to SEBI on Cairn-Vedanta deal
The government has written to market regulator SEBI saying Cairn Energy Plc's deal to sell majority stake in its Indian arm to Vedanta Resources does not yet have its approval, a condition contingent for the $8.48 billion deal to consummate.
[2010:09:06] Expert group calls for separating PF, pension a/cs
An expert group has called for carving out two separate accounts -- PF and annuity -- in the employee provident fund scheme to meet the challenge of fund depletion in the pension scheme and introducing greater transparency for subscribers.
[2010:09:06] India gets 'ready' for another bandh
On September 7, the trade unions have called a dawn to dusk bandh to protest against rise in price of daily commodities and, once again, fuel price hikes.
[2010:09:06] Global cos uncertain of economic climate: Experts
Many companies globally are still continuing with cost-cutting initiatives, including job cuts, as they are still uncertain of the economic situation and its long-term fallout, experts said.
[2010:09:06] Direct tax collections up 14% in Apr-Aug
Direct tax collections shot up by 13.91 per cent to Rs 1,00,112 crore ( Rs 1,001.12 billion) in the first five months of the 2010-11 financial year till August, the Finance Ministry said on Monday.
[2010:09:06] You can order a book from e-libraries!
With the proliferation of e-readers and development of e-ink technologies, there are those who have already begun to put chisel to headstone of traditional reading.
[2010:09:06] Oil Ministry clears stake sale in IOC and ONGC
The Oil Ministry has approved part sale of government's stake in Oil and Natural Gas Corp as well as Indian Oil Crop, a move that could fetch about Rs 24,000 crore (Rs 240 billion) for the Centre this fiscal.
[2010:09:06] How he made a profitable biz from online ticketing
Today, bookMyShow is India's premiere online ticketing site, having sold movie tickets worth Rs 6.21 crore (Rs 62.1 million) for Avatar and Rs 9 crore (Rs 90 million) for 3 idiots early this year.
[2010:09:06] The lack of financial governance in India
Squandering of taxpayer money over the Commonwealth Games highlights the sad lack of financial governance.
[2010:09:06] Hero Cycles to enter US by year-end
The world's largest bicycle maker, Hero Cycles, on Monday said it plans to enter the US market by the end of this year, for which it is close to signing up with a local partner.
[2010:09:06] China's rich shun Gates-Buffett's dinner
Fifty of China's super-rich recently received an invitation to a banquet to be held on September 29.
[2010:09:04] The best automatic hatchback cars in India
So let us take a look at the three automatic transmission hatchbacks that are available in the Indian market today.
[2010:09:04] Kingfisher Airlines gets nod to recast debt
Kingfisher Airlines' debt restructuring package has received an in-principle nod from bankers. The package will be implemented within 120 days of receiving the Reserve Bank of India's (RBI) nod. Kingfisher, the second largest carrier in terms of market share, has debt of around Rs 6,000 crore across 12 lenders such as the State Bank of India, Bank of India a ...
[2010:09:04] Organisations to enrol for unique entity IDs
After individuals, now even institutions like government departments, schools and companies would get unique identification numbers (UIDs) to enroll the country's residents for the UID system. These institutions or service delivery organisations would get a UID-like identifier, called Entity ID, which would help enrol people and deliver services.
[2010:09:04] Govt clears $5-billion airplane purchases
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
[2010:09:04] Munjals turn to PE for stake buy
Hero Honda, India's largest two-wheeler maker, could see a change in ownership as the Delhi-based Munjal family seeks to buy the stake held by partner Honda Motor Company of Japan in the joint venture. The Indian promoters are reportedly talking to private equity (PE) players to raise the money needed to buy the 26 per cent stake held by Honda Motor.
[2010:09:03] The new India: Big projects, bad quality!
Even as the country reels from the extended rains and the imminent Commonwealth Games, there are unmistakable signs in Delhi's environs of an unprecedented transformation.
[2010:09:03] Indians as global CEOs: Is it a real triumph?
India Inc loves to applaud every time any businessman or executive of Indian origin makes it to the top in the developed world.
[2010:09:03] India's public debt rises to Rs 26,97,940 cr
India's public debt increased by 4.1 per cent to Rs 26,97,940 crore (Rs 26.97 trillion) during the first quarter of the fiscal, according to the latest data.
[2010:09:03] UP frames 'India's best' land acquisition policy
With a view to containing the crisis arising due to the on-going farmers' agitation in western Uttar Pradesh, Chief Minister Mayawati on Friday chalked out a new farmer-friendly course.
[2010:09:03] India's forex reserves rise to $282.84 bn
After having declined for two consecutive weeks, India's foreign exchange reserves grew by $293 million to $282.84 billion compared to earlier week's $282.55-billion.
[2010:09:03] US jobless rate at 9.6% in August
The US economy shed 54,000 jobs in August, significantly less than anticipated, stoking hopes that the country's labour market is slowly improving.
[2010:09:03] India-US aim greater ties on cyber-security
The US and India are looking to collaborate on cyber security, 'open government' and low-cost technology, a senior US government official said on Friday.
[2010:09:03] Maharashtra to probe irregularities in Lavasa
The Maharashtra government has found "some irregularities" in Lavasa, the country's first planned hill city project, and would take action if its probe proved any wrongdoing, a senior state minister said.
[2010:09:03] No expressway if farmers don't give land: UP govt
The farmers were demanding higher compensation, equivalent to the one given to peasants in Noida, against acquisition of their land for the development of the township.
[2010:09:03] Food inflation up at 10.86% in 3rd week of Aug
Food inflation had softened to 10.05 per cent for the week ended August 14 against 10.35 per cent in the previous week.
[2010:09:02] FII inflow crosses $2.5 bn mark in Aug
As per the data available with capital market regulator Securities and Exchange Board of India, foreign institutional investors purchased shares worth Rs 62,187.50 crore (Rs 621.87 billion), while they offloaded equities worth Rs 50,500.40 crore (Rs 505 billion) during August, resulting in a net investment of Rs 11,687.50 crore (Rs 116.87 billion).
[2010:09:02] Lehman crash due to lack of govt support: Ex-chief
Lehman Brothers, whose collapse worsened the global financial crisis in late 2008, slumped into bankruptcy as the entity failed to get the necessary support from the US authorities, former chief Richard S Fuld has said.
[2010:09:02] No hurry to sell stake in InterGen: GMR
Bengaluru-based GMR Infrastructure bought 50 per cent of InterGen in 2008 for USD 1.1 billion from a fund owned by American International Group Inc.
[2010:09:02] Free foodgrain to needy: To give or not to give
The Supreme Court's order on free distribution of grains to the needy is most likely meant to be a one-time exercise, feels Bhavdeep Kang.
[2010:09:02] New Companies Bill to curb more Satyams: Khurshid
The new Companies Bill, which is likely to be tabled in the Winter Session of Parliament, will contain provisions to rule out a recurrence of the Satyam episode which shattered the confidence of India Inc, Minister of State for Corporate Affairs Salman Khurshid said on Thursday.
[2010:09:02] DoT may give exit route to new telecom operators
A senior official in the Telecom Ministry said the government is considering an exit option for the new telecom players who are struggling to roll out services.
[2010:09:02] How to sustain a high GDP growth
The 8.8 per cent growth in gross domestic product (GDP) in the first quarter of 2010-11 (that comes on the heels of 8.6 per cent in the last quarter of 2009-10) should put to rest any doubts about the durability of the economic recovery.
[2010:09:02] Sunil Mittal's son joins Bharti's subsidiary
Incidentally, the shareholders' approval for Shravin Mittal's appointment with an annual salary of up to Euro 250,000 (nearly Rs 1.50 crore), came on the same day (September one) when Wipro promoted chairman Azim Premji's son Rishad as chief strategy officer. Shravin would be a staff member in Bharti Airtel International (Netherlands) BV, or BAIN.
[2010:09:02] Rasna plans to enter Europe, West Africa
FMCG firm Rasna is planning to enter Europe and West Africa as part of an overseas expansion plan and expects contribution of export revenues to total turnover to double to about 40 per cent this fiscal, a senior company official said.
[2010:09:02] Good news for job seekers
Corporate India's hiring activity surged 28 per cent in August this year, on the back of continued improvement in business confidence and country's robust economic growth, job portal naukri.com said in a report.
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