Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Nomura revises India's GDP forecast to 7%
In view of a surprising economic growth for the second quarter, Nomura Financial Advisory & Securities (India) today revised the country"s FY10 GDP growth forecast at 7 per cent from 6 per cent earlier.

Axis Bank to raise Rs 940 cr from promoters
The country"s third-largest private sector lender, Axis Bank, today said it expects to raise about Rs 940 crore through preferential allotment of 1.08 crore shares to its promoters, including LIC, by September 24.

News of the day

Government ups price, quota of levy sugar
Sugar prices, already at record highs, are set to rise further. The food ministry has decided to raise the levy price at which it buys sugar from mills to supply the public distribution system (PDS) by 50 per cent in Maharashtra and 63 per cent in Uttar Pradesh (UP) for the new sugar season starting next month. The two states account for 55 per cent of India’s sugar output. Prices have also been revised for other sugar purchasing states.
Small Business

Govt okays 14 FDI proposals worth Rs 732 cr

The government today cleared 14 foreing direct investment (FDI) proposals, including a Rs 273-crore application from Asset Reconstruction Company, which could together bring in foreign investment worth Rs 732.5 crore. - New date for GST in April - India to get 145 US-built Howitzers - Bengal earmarks 100 acre for IT & electronic hardware - Orissa govt approves proposals for two more steel plants - Govt clears four port projects worth Rs 4,120 cr - Andhra Pradesh hikes VAT on jet fuel Asset Reconstruction Company is expected to get Rs 272.86 crore worth FDI resulting in foreign holding from the present 14.66 per cent to 16.01 per cent. The government has also cleared a proposal from Standard Chartered Bank to bring in Rs 205.95 crore FDI. The bank wants to increase FDI from 74.9 per cent to 100 per cent in its arm engaged in equity broking investment banking and portfolio management. The government has also cleared a Rs 251.75-crore proposal from television channel NDTV Lifestyle. The FDI proposals of Unitech Wireless (Tamil Nadu), NDTV Imagine, SaharaOne and KS Oils were also cleared. However, four proposals, including that of Telstra Communications of Mumbai was rejected by the government. The company wanted to issue fresh equity shares for increasing FDI from 49 per cent to 74 per cent. Besides, the government has deferred 10 proposals, while proposal of India Infrastructure Development was recommended to Cabinet Committee of Economic Affairs (CCEA). Walt Disney"s proposal to undertake additional activity of printing and publication of a speciality magazine, and the proposal from Telcordia Technologies were also deferred. The Rs 2,400-crore FDI proposal of India Infrastructure Development Fund of Mauritius was recommended to the CCEA as any investment above Rs 600 crore has to be referred to the committee. Two proposals including that of realty firm Unitech and Mercer Inc of New York was withdrawn by the companies. Unitech was supposed to bring in FDI investment worth Rs 2,400 crore.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009