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Tax havens turn a big draw for investments from India
Channel Islands gets $516 m in FY 2010 against $44 m the previous year. Outbound foreign direct investment by Indian companies in tax havens such as the British Virgin Islands and the Channel Islands has seen a quantum jump in FY2010 compared ...

Govt won't allow cartels: Minister
SAIL chairman says prices have bottomed out, sees demand picking up. The Steel Minister, Mr Virbhadra Singh, said that his Ministry will not allow any form of “cartelisation” in the industry, even as the SAIL Chairman, Mr C. S. Verma ...



Price stability needed: (...
Punjab Alkalies up on divestment move
State Govt invites bidders for the entire stake. The Punjab Alkalies and Chemicals (PACL) share clocked its 52-week high at Rs 46.85 on the BSE on Friday but closed at Rs 40.55, still up 3.84 per cent from its previous day's close on ...


Diesel cheaper by Rs 2.50/litre in Delhi on VAT-cut
Heeding the exhortation by the Centre to reduce State-level taxes on petro products so as to cushion the impact of the price revision, the Delhi Government has cut the sales tax/value-added tax (VAT) rate on diesel to 12.5 per cent from 20 ...

SEBI powers: Judge recuses from hearing Price Waterhouse plea
Mr Justice D. D. Sinha of the Bombay High Court, one of the judges on the Division Bench hearing audit firm Price Waterhouse's petition against Securities and Exchange Board of India, recused himself from hearing the case on Friday, ...

TCS will look off-campus to hire fresh engineers
BRISK BUSINESS. After upping its hiring target for the fiscal, Tata Consultancy Services will now recruit entry level engineers even through the off-campus route for the first time in ...

La Nina to bring rains, and a colder winter
A monsoon-friendly La Nina condition has established rather quickly in the east equatorial Pacific Ocean in June itself, according to ...

Economy to grow 9% in first quarter: Basu
Overall inflation likely to be 5% by March 2011. The Indian economy will grow around 9 per cent in the first quarter this fiscal, Dr Kaushik Basu, Chief Economic Advisor to the Finance Ministry, ...

MNCs look to bag Indian cement cos
Enterprise value has gone up significantly. The cement industry, which has seen some recent acquisitions by global players despite oversupply fears, could see the momentum continue in the ...

Maharashtra, AP help increase kharif acreage
Crops coverage in other States tardy. Excellent monsoon rains in Maharashtra have given a huge boost to sowing of all major kharif crops in his ...

Doing it the Punj Lloyd way
If there is one technique in the book that the energetic Chairman of Punj Lloyd, Atul Punj, has used to very good effect, ...

Fiat plans new compact car in Rs 3-4 lakh range
With many carmakers planning new products for the crowded, yet ever-popular A2 small car segment, Fiat India said on Friday that it plans a new compact car in the Rs 3-4 lakh range, which will probably have a ...


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Markets (July 16)
Nifty (at close)5,393.90(+15.15)
US Dollar(Buy/Sell)46.77/78
Brent crude (a bbl) Rs3,512
Gold (a gram) Rs1,719
Silver (a kg) Rs29,975



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