States' demand of compensation from Centre for loss of tax revenue not on agenda.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
The quiet corridors of the Planning Commission were again agog with activity following talk that the central government would soon announce the former's much-awaited reconstitution.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
Essar Global Fund, the Ruia company that invested $1.3 billion in telecommunications, towers and business process outsourcing over the years, made $6.5 billion, a five-fold return, when it flipped these businesses, according to discussions the group has had with merchant bankers.
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To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens
Phee Teik Yeoh, the recently anointed chief executive officer of the airline, speaks to Business Standard on his aim of changing the rule of the game in the aviation sector by redefining service and operational experience for travellers accustomed to mere functionality.
At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.
Looking to monetise assets not in Reliance Capital's core area of business.
Two months after launch, low-cost warrior AirAsia is expanding to uncharted routes in India.
Only one in five handsets sold in India this year is likely to be made locally.
This comes after the arrest of Syndicate Bank Chairman S K jain.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.
Move to address MNCs' taxation woes; UK likely to be the next.
All these measures will revitalise the manufacturing sector, which has been in doldrums.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
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