The Vietnam government on Wednesday said that Indian companies had invested in that country to the tune of $500 million in 2004-05.
The government said on Wednesday that the Telegraph Act would be amended to incorporate cellular service providers to get a share from the Universal Service Obligation Fund to connect all villages, highways and rail network.\n\n
The under-realisation on fuel sales incurred by the oil marketing companies is projected to rise by 14 per cent to around Rs 760 crore (Rs 7.6 billion) per day in the first fortnight of July from Rs 680 crore (Rs 6.8 billion) per day in the second fortnight of June.
Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by US magazine BusinessWeek.
Granting partial relief to foreign companies operating in the country, the Supreme Court on Thursday reversed the judgment of the Karnataka high court that there was an obligation in each and every case of remittance made to foreign payees to deduct tax at source and only the issue of proportionality of the tax could be decided by the revenue department under Section 195 (2) of the Income Tax Act.
Hari Narayan said the proposed IPO guidelines for non-life insurance firms were in the process of finalisation before they were sent to SCADA, a body constituted by Securities and Exchange Board of India, for approval followed by a final approval from the market regulator.
The government on Friday said it has conducted inspections against 96 companies, including 16 companies of the Ketan Parekh group, in connection with stock market scam of 2001.
"India has been a fantastic market" for the $40 billion PepsiCo, Indra K Nooyi, chairman and CEO said, and this is the feedback she has received from other CEOs of American companies doing business in India.
Needs funds for Odisha plant expansion, to cut high debt.
'Not a single soldier should be left behind in enemy territory.' Nitin A Gokhale's fascinating account on how the Indian Army conducted the daring and successful cross-border operation last September.
The panel has been asked to analyse the cash flows and the profitability of all three groups of companies so as to get a clear picture of the changes taking place in their operating positions, particularly the impact on access to credit and cash availability of their operations. It would also revisit the concept of 'under recoveries' and examine the reported deficit and the real deficit faced by oil marketing companies as a result of price constraints imposed on them.
Concerned over the alleged scam involving hundreds of crores in re-routing international calls, the Central Bureau of Investigation has launched a probe into working of Reliance Infocomm and some other top private telecom operators.\n
The total value of M&As involving Indian companies surged nearly 63 per cent to $7.8 billion in the first three months of 2016, primarily spurred by big-ticket divestment transactions.
They have been named for their stake in the Farsi offshore block.
Beaming with its successful Rs 143 crore (Rs 1.43 billion) acquisition of Balsara group of companies, Dabur India on Thursday said takeover would be a significant part of its growth strategy as it had resources to acquire fairly 'large sized compani
To make cheap ILD calls over mobile VOIP, all a mobile phone user has to do is download the 100 kb application iTel mobile dialer developed by Reve Systems, the global pioneer in VOIP
Market regulator SEBI has gotten a suggestion for preventing the same individual from holding the position of chairman and managing director simultaneously in listed entities, but apex body of public enterprises SCOPE has opposed such a move, Parliament was informed on Tuesday.
The recommendation, if implemented, could severely dent coal miners' bottom line.
The state of Maryland in the US is keen on promoting joint ventures and alliances with the knowledge-intensive sectors in India.
Overall Indian companies issued guarantees worth $1.21 billion, extended loans worth $291 million and pumped in equities worth $319 million.
Narcotics Control Bureau has asked pharma companies to evolve a voluntary code of conduct based on a "know-your-client principle" to prevent traffic of "illicit" medicines under the Narcotic Drugs and Psychotropic Substances Act to neighbouring count
Major cement companies have hiked the cement prices in South India by Rs 8-10 for 50 kg bags.
Revival in domestic business should also help overall revenue growth.
Indian pharmaceutical companies are ready to take advantage of the new product patent regime, Commerce and Industry Minister Kamal Nath has said.
the Maharashtra Food and Drug Administration on Saturday issued directives to various departments to cancel the licences of gutkha manufacturers, wholesalers and retailers in the state after finding magnesium carbonate in gutkha.
BSNL had sought higher payment for minimum three years for the facilities provided to cell phone service providers -- BPL Mobile Cellular and Idea Cellular Ltd -- and email provider CG Faxemail (P) Ltd even if they had surrendered the right before the lapse of three years. A bench headed by Justice S B Sinha while upholding the telecom tribunal judgement that came down heavily on BSNL for revising rates unilaterally said: "We do not find that these appeals raise any substanti
Mid-sized IT services and BPO companies are vulnerable to the adverse impact of US slowdown due to exchange rate volatility, slower deal closures, inflation and low billing rates than their bigger counterparts, a study said.
With the government extending its ban on forward trading in more agricultural commodities, a section of jewellery traders has sought a similar curb on gold and silver futures as well to curtail the volatility in rates. The government suspended futures trading in soya oil, potato, rubber, chana (gram) on Wednesday, while rice, wheat, urad and tur were banned early last year. Sudden rise and fall in prices of gold and silver, many times in a day, has created instability.
About 1.92-lakh companies have not filed their balance sheet in India as on July 31 and out of this, 37,667 companies are from the country's financial capital - Mumbai.
The Indian unit of the British energy firm BG group, Oil and Natural Gas Corp and Reliance Industries signed an amended contract for the Panna/Mukta oil and gas and Tapti gas field with the government for joint management of the fields.\n
The government's decision to impose excise duty on the maximum retail price of all drugs -- which took effect from January 8 -- may have an adverse impact on the domestic operations of drug makers, said analysts.
Facing the gigantic problem of over three lakh defunct companies, the government said on Wednesday that a new scheme would be announced this month to enable promoters to close such entities in a "hassle-free" manner.
Over the past week, Sensex surged 858.56 points to 27,079.51, second straight weekly high
Oil firms had last revised petrol prices on December 1.
Industry chamber Assocham on Friday called for increasing tax holiday period to 10 years for the capital-intensive oil and gas exploration sector in the upcoming Budget.
Petroleum Minister Murli Deora is likely to meet Finance Minister P Chidambaram later this week to seek greater compensation for oil companies, who are currently losing about Rs 450 crore (Rs 4.5 billion) a day on fuel sales. Indian Oil, Bharat Petroleum and Hindustan Petroleum are likely to see doubling of revenue loss on sale of petrol, diesel, domestic LPG and PDS kerosene to Rs 150,000 crore. The three fuel retailers together lost Rs 77,304.50 cr on fuel sale in 2007-08.
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