The finance ministry has directed the Central Board of Direct Taxes to put in place a framework for an Advance Pricing Agreement mechanism, two officials familiar with the development said.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
A Rs 40,000-crore (Rs 400-billion) shortfall in the Budget for 2011-12 is looming large and the market doesn't appear stable enough to absorb even a fraction of it.
Products structured on real estate and promising over 20 per cent annual returns are gaining popularity among wealthy investors.
Maruti chairman R C Bhargava tells Sharmistha Mukherjee that there won't be a reduction on its dependence on the facility in Haryana.
Most of the 2,000-odd protesting workers have earned a quarter of their salary in the four-month stand-off with the management.
It may not be a war cry yet, but the voice is definitely getting shriller.
Regulation 3 (3) of the new law, which deals with open offer obligations of persons acting in concert, has increased the liabilities of promoter group shareholders beyond what was conceived by the Achuthan committee, according to three experts, including two who were part of the committee.
The move was not good for companies which have capital expenditure plans laid out.
Labour Minister Shiv Charan Lal Sharma visited Gurgaon on Wednesday to meet senior department officials to decide on the likely course of negotiations.
The Ministry of Corporate Affairs (MCA) told a litigation court that both entities were bound by Sebi regulations, as the money raising by the erstwhile Sahara India Real Estate Corp (SIRECL) and Sahara Housing Invest Corp Ltd (SHICL) would come under the definition of public issue.
Industry sources indicate DD Direct Plus has a subscriber base of around nine million. The DTH operator's reach is second largest after Dish TV, which has a gross subscriber base of 10.9 million.
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
German luxury car maker Mercedes-Benz is preparing to commence leasing vehicles to consumers in the Indian market by the end of this year. No other luxury car maker in the country currently offers vehicles on lease directly to customers.
The public issue pipeline is at its driest in two years. According to the website of market regulator Sebi, only 11 companies have filed for initial public offerings between April and June.
IRFC, NHAI, Hudco and others to hit the market in next few months.
The company is willing to partner existing players; to begin with commercial vehicle launch.
Muthoot Finance's method of raising money through gold bonds has been questioned.
All existing instruments in e-form by September 30; move to affect 200,000 companies
An investment banker handling the PSU issues said, "When employees pick application forms, these typically have stamps of brokers. But there was no clarity who will bear the cost. Now with this provision, government will pay 25 bps. It is lesser than retail because there is often no marketing effort from the broker, as a lot of it is done by the company itself."
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