The meltdown in global economy might linger the steel giant ArcelorMittal’s plans for setting up a couple of Greenfield steel projects worth around Rs 80,000 crore in India, a top exec from the group said. [...]
India
Even after declaring that the Government has an open mind for the Insurance Bill, it has been referred to standing committee of the Parliament before its fate is finally decided. This Bill intends to raise [...]
Inflation, assisted by the fall in prices of minerals and aviation fuel has reached the lowest in past ‘ten-months’. The relief is believed to continue for sometime owing to the rate cuts recently announced. Standard [...]
Realty, banking, capital goods and some of the oil and power stocks, today helped both the benchmark Indices to close the day on the stronger side. The positive hopes from the Government second stimulus package [...]
By now even RBI (Reserve Bank of India) must be tired of rate cuts in CRR (Cash Reserve Ratio). There has been a string of announcements in recent times. The number of times for which [...]
As part of Government’s efforts to make the revenue collections more efficient, small- and mid- sized firms that carry out the outsourced work will have to pay fraction of their revenue as ‘tax deducted at [...]
Though volatility has been giving troublesome times to investors, proprietary traders have found a way to extract from the broadening bid-ask spreads. This group is weighing the alternatives apart from cash-futures to earn. A number [...]
HDFC Bank, one of the leading private sector banks of India, today reported a net profit of Rs 621.74 crore for the third quarter of the financial year 2008-09, in the filing made to the [...]
In an attempt to better the internet services provided to subscribers, Trai (Telecom regulatory authority of India) has asked for comments from the service providers, pertaining to the quality of service. A consultation paper released [...]
The top corporate houses of the nation such as Maruti, Hero Honda, Airtel are thinking on diverting a huge amount of about $18bn for having ‘cost-saving technology’. This will involve buying hardware systems, software applications [...]
