Cabinet clears hike in wages Act cap
THE Cabinet on Wednesday approved a proposal to amend the Payment of Wages Act giving the Government the power to periodically increase the wage ceiling on the basis of the Consumer Price Index (CPI) through gazette notifications instead of ...
Takeover code: Curbs on share dealings by merchant bankers
THE Securities and Exchange Board of India (SEBI) has cast additional obligations on a merchant banker appointed by an acquirer under the Takeover Code. The capital market regulator has imposed restrictions on share dealings in a target company ...
RBI favours old pvt banks consolidation
OLD private sector banks are under the central bank's lens for signs of possible weakness, so that they can be nudged towards consolidations if necessary, according to Ms K.J. Udeshi, Deputy Governor, Reserve Bank of India. Mergers and ...
Tatas to sell 11% in Haldia Petro to WBIDC
MR Ratan N. Tata, Chairman of the Tata group, today confirmed that the Tatas would sell a major portion of their stake in Haldia Petrochemicals Ltd to the West Bengal Industrial Development Corporation (WBIDC) at face value. Talking to ...
Honda rolls out Unicorn; to invest Rs 500 cr
HONDA Motorcycle and Scooter India (HMSI) today announced its foray into the Indian motorcycle market with the unveiling of its bike, the Unicorn. The Unicorn comes with a four-stroke, 150 cc engine and would be made available in the market ...
Zee may have to share cricket footage
CRICKET live and exclusive on Subhash Chandra owned direct-to-home (DTH) platform, Dish TV, might just be interrupted. The Government is in the process of coming up with a norm on sharing of channels on a non-discriminatory basis by DTH ...
Snail-paced Sensex breeches 5,300 mark
THE trading on Wednesday was no different from the trend that has been prevalent in the past few days. While the benchmark indices recorded marginal gains, the bulk of the market activity was centered on mid-cap stocks and select companies from ...
Beware! Credit cards can be as addictive as drugs
IF you are a credit card holder and are planning a small outing over the weekend, www.personalfn.com is a good place to visit. In an article titled `Landing in a debt trap', the site offers some small and ...
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