Business

India paves way to ink dual tax avoidance pact with HK

In order to facilitate information flow from jurisdictions such as Hong Kong for purposes of tracking cases of money laundering and tax evasion, the government on Thursday notified Hong Kong, a special administrative region of China, as specified ...

India Inflation Slows to 20-Year Low; Rate Cut Likely

Kartik Goyal Bloomberg.com 16.04.2009
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India’s inflation slowed to a 20- year low in the first week of April, giving the central bank room to cut interest rates further next week.


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Indian outsourcing giant Infosys has reported a 29% rise in fourth quarter profits but warns it will see its first fall in annual revenues in 2009/10.

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The Indian rupee is expected to start weaker on Wednesday, following the dollar's gains against Asian currencies and month-end import payments heighten demand for the U.S. unit.


Satyam hopes to finalize bidder by April 30

John Ribeiro Reuters 25.03.2009
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Satyam Computer Services plans to finalize a buyer for a majority stake in the company by April 30, its board said in a filing on Tuesday to the Indian market regulator.

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It signals a major jump in the global acceptance of India as a hub for small cars, but maintaining this will require a lot more including, for starters, large production volumes.


A-380 back on Air India radar

Telegraph 25.03.2009
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Air-India has renewed its interest in the A-380, the world’s largest passenger aircraft with a seating capacity of 850.

Nano rally in Bengal

Times of India 24.03.2009
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Just as Nano launch by Tata Motors was being celebrated across the country, it became clear that the small car would become a double-edged political weapon in the red bastion of West Bengal. CPM on Monday pointed accusing fingers at not just the ...


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Fertiliser companies have raised objections to a revised draft agreement drawn up by Reliance Industries Ltd for buying gas from its Andhra offshore field. The companies have protested against an increase in marketing margin to be levied by the M...

Sugar prices lose calories, fall below production cost

Prabha Jagannathan Times of India 24.03.2009
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For the first time in India, wholesale sugar prices have dipped below the industry’s cost of production at a time when the output is far below domestic consumption, 155 lakh tonnes versus 220 lakh tonnes in 2008-09. Plus, the early estimate for t...


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TOI quoted Mr Ratan Tata chairman of TATA group as saying that after launching in India on March 23rd, the TATA Nano will hit the European market by 2011.

Reliance may get to use KG basin gas

Rajeev Jayaswal & Soma Banerjee Economic Times 23.03.2009
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Reliance Industries (RIL) may finally get to use the gas it produces. The government is likely to alter the gas utilisation policy to allow the company to use some of the gas that will start flowing from its D-6 block in Krishna-Godavari (KG) bas...


Profit booking may continue

Business Standard 23.03.2009
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The market continued to participate in a world-wide bear-market rally. The Nifty closed at 2,807 points for a gain of 4.1 per cent while the Sensex closed up 2.4 per cent at 8,966 points. The Defty shot up by 6.5 per cent as the rupee recovered sh...

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The rupee climbed on Monday as rising Asian stock markets revived hopes of capital inflows into the local share market.


Tatas eyeing 10 lakh Nano bookings in two weeks

Harit Mehta Times of India 21.03.2009
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Tata Motors’ Nano, the world’s cheapest car, is poised for another milestone. The company is likely to book a whopping 10 lakh cars in the first fortnight starting March 23, company sources said.

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Indian Oil Corporation and Royal Dutch Shell have bid to buy 50 per cent of Reliance Industries’ petrol pump business.


Now, exotic derivatives in the works

Economic Times 21.03.2009
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Warren Buffet, some years ago, likened them to financial weapons of mass destruction. Developed markets had a fling with them, with mixed results to show. And now it seems it is India’s turn to experiment with complex financial instruments, as it...

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Asserting that both the countries could gain a lot by providing faster market access to drugs and pharmaceuticals, India on Friday impressed upon China for granting market access to 14 fruits and vegetables at the earliest, as the matter had been ...


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Capital markets regulator SEBI is of the view that there is a case for extension of trading hours on the stock exchanges, especially in the derivatives segment, and has issued a discussion paper soliciting opinions on the same.

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India is staring at deflation, or negative inflation, with the official inflation rate this week falling to 0.44% — the lowest since 1977. Food prices, however, continued to be high, with food grains roughly 9% costlier than a year ago, reinforci...



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