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EPF panel moots 8-9 pc rate
THE Finance and Investment Sub-committee of the Employees Provident Fund Organisation (EPFO) today recommended a reduction ranging between 0.5 and 1.5 percentage points in interest rate on EPF from the existing 9.5 per cent. The Chairman of ...
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Ministry may seek one-time support
FOLLOWING the recommendations made by the Finance and Investment sub-committee of the Employees Provident Fund Organisation (EFPO) on reduction of interest on provident fund deposits, the Ministry of Labour may take up the issue of maintaining a ...
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No significant increase in NRI inflows, says RBI
THE Reserve Bank of India has shot down speculation that NRI accounts have witnessed tremendous inflows in the recent past on account of interest rate arbitrage. The apex bank on Thursday released data that suggests that the total inflows in ...
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Highway project first phase to be delayed by a year
``We are confronting land acquisition problems in Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra and to some extent in Orissa which is delaying the project,'' Mr Khanduri said.
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CNBC Asia Pacific to invest 26 pc in TV 18
IN order to comply with the recently announced norms for news channels uplinking from India, CNBC Asia Pacific on Thursday announced that it would invest up to 26 per cent in the Indian registered Television Eighteen India Ltd (TV 18). The ...
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Hyundai rolls out Santro Xing — Eyes more exports with `global car'
HYUNDAI Motor India's largest selling model, the Santro, has got another makeover. The company today announced the launch of its new `global' car, the Santro Xing, which will not only allow Hyundai India to serve as a global hub for the model, ...
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Infrastructure industries grow 3.9 pc in April
THE six infrastructure industries - electricity, coal, steel, crude petroleum, petroleum refinery products and cement - have registered a growth of 3.9 per cent in the first month of the current fiscal, against 5.4 per cent in April 2002. ...
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SEBI clears Maruti IPO
THE Securities and Exchange Board of India has cleared the draft offer document for the proposed public offering of Government's 25 per cent stake in India's largest car manufacturer Maruti Udyog Ltd (MUL). The offer of sale, which is being ...
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Kolkata a goldmine for FMCG cos: Study
THE city has won many epithets — most not quite complimentary — but marketers are fast realising that Kolkata is a gold mine as far as the consumption of a host of fast moving consumer goods (FMCG) is concerned. The city is a ...
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Indian cos feel pinch of US Act
AFTER companies in the European Union (EU), it is the turn of Indian companies to feel the pinch of a few provisions of the Sarbanes-Oxley Act of the US. According to a senior Finance Ministry official, about four listed Indian companies have ...
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