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Shell set to get permit for petrol, diesel retailing
THE Government is set to allow Shell India Pvt Ltd to set up 2,000 retail outlets in the country for marketing petrol and diesel. This follows the multinational oil and gas major fulfilling the investment criteria for obtaining the market ...
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SC verdict on gutkha, pan masala — Manufacturers hail ruling
PAN masala and gutkha manufacturers welcomed today's Supreme Court ruling lifting the ban imposed by some States on the sale of the two products. Mr Deepak Kothari, Managing Director of Kothari Products — makers of Pan Parag — ...
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Task force to recover indirect tax arrears
THE Central Board of Excise and Customs (CBEC) has decided to constitute a dedicated task force for recovery of the indirect tax arrears that are due to the exchequer. The decision to set up a dedicated task force follows the recent diktat of ...
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Crisil expects better earnings for select NBFCs
NON-BANKING Finance Companies (NBFCs) that have restructured their business models in the past three-four years are expected to report better earnings in the future. A study by rating agency Crisil on the 25 rated NBFCs shows that those that ...
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ICSI mulls new cadre for banks
THE Institute of Company Secretaries of India (ICSI) is now looking at creating niche job for its professionals in the banking sector. It proposes to initiate talks on the issue with the Reserve Bank of India and Indian Banks' ...
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Breakthrough in WTO talks — a boost for global economy
THE breakthrough in the world trade negotiations under the auspices of World Trade Organization (WTO), after intense and emotive sessions of bargaining between rich and poor or developed and developing countries, has been greeted with cautious ...
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Insurers offer `indexation options'
INSURANCE companies are offering indexation options to clients with a view to providing a hedge against inflationary pressures. The options are being packaged attractively, often as an `additional benefit' being given to a policy ...
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Amway set to begin manufacturing in India
NINE years after the company arrived in India with a promise to set up a manufacturing facility, Amway India Enterprises, the wholly owned subsidiary of US-based Amway Corporation, has informed the Government that it is finally ready to begin ...
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Index heavyweights pull Sensex to positive territory
POSITIVE sentiments prevailed in the markets, as the benchmark BSE Sensex moved in a narrow range and closed the day on a positive note. The 30-stock index rose 32.21 points (0.62 per cent) to close at 5202.53 points on Monday. Sensex opened ...
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US warns of Al-Qaeda threats to financial institutions
THE federal government has increased the threat level to "high" for certain specific financial institutions in New York, Washington D.C., and New Jersey amidst latest intelligence assessment of terror outfits plotting to strike targets with car ...
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`Mumbai 15th most expensive in office space'
MUMBAI has been ranked as the world's 15th most expensive place in terms of office rentals. According to a global survey by real estate consulting firm CB Richard Ellis (CBRE), Mumbai ranks as the 15th most expensive city in the world for ...
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