Government said consultations are on to arrive at consensus on allowing FDI.
An old consumer electronics warhorse looks to leverage its past.
The connection that we have with money will define how it moves into and out of our lives.
"Based on the recommendations of Foreign Investment Promotion Board in its meeting held on June 24, Finance Minister P Chidambaram has approved 28 proposals of FDI, said a finance ministry statement. The approved proposals relate to ministries and departments of chemicals & petro-chemicals, industrial policy & promotion, information & broadcasting, urban development, tourism and economic affairs.
In a short span of time, with the help of Amazon, Cloudtail was able to devise a model that could protect it from the vagaries of online retail business.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.
Expressing commitment to push forward economic reforms, Finance Minister Pranab Mukherjee today said the government is making efforts to build a consensus on important economic legislations, including PFRDA and foreign investment in multi-brand retail.
The committee's objections are a curious mixture; some attack the very basis of the project, others question its implementation.
These PSU banks also account for the lion's share of bad loans or NPAs plaguing the sector and need crores of rupees in new capital in the next two years to meet global Basel III capital norms.
The committee's objections are a curious mixture; some attack the very basis of the project, others question its implementation.
Prof B Ravishankar from Mylapore, Chennai shares his inspiring story.
The total number of passenger vehicles (cars and utility vehicles) sold annually in the 1970s was 32,000 units - less than even one week's sales today.
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
The total wealth of top 100 real estate barons accounted for Rs 2.37 trillion ($32.7 billion) in 2018, up 27 per cent against 2017's cumulative wealth of Rs 1.87 trillion ($28.6 billion).
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
Cigarette pricing in India can go the liquor way as ITC, the undisputed leader in the sector, may consider state-specific pricing for its popular brands. This comes after the ad valorem duty imposed in the Union Budget, coupled with the varying value added tax (VAT) rates across states.
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
Labelling All India United Democratic Front chief Badruddin Ajmal as the 'enemy of Assam', state minister Himanta Biswa Sarma on Sunday asserted that he is an extremist in protecting Indian and the Assamese culture.
But it may come with a downside risk of further rise in prices of several products.
He said with an aim to make the FDI policy user friendly, all prior regulations and guidelines have been consolidated into a comprehensive document.
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
'What motivated us was that a lot of people, especially youngsters, had a negative image about India.'
Aircel executives said the company could offer value to big boys like Airtel or Jio as a low-end mobile services brand
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
Ludhiana's readymade garment makers on Wednesday announced shutting down of operations for a day on March 4, perturbed by the latest budget proposal, making 10 per cent excise duty on branded apparels mandatory.
'To become more Indianised we had to be more colourful,' Rahil Ansari, Audi's India head, tells Ajay Modi.
Leading conglomerate ITC will soon increase prices of cigarette brands like Classic and Gold Flake Kings by up to 15 per cent per pack.
The industry is hoping the Tatas deepen their dive and offer two stable airlines -- a Vistara merged into Air India servicing the international routes, and an AirAsia India merged with Air India Express that competes with the low fare airlines in India and offers destinations within five hours, says Anjuli Bhargava.
Tata Tea Ltd on Thursday said Tetley US Holdings Ltd, its US subsidiary, will acquire FMALI Herb Inc and Good Earth Corporation.
The finance minister also provided some relief to readymade garment manufacturers by raising the abatement available for levy of taxes on retail price of some branded garments and textile made-ups.
The top among these are: keep track of what you spend, and save and invest regularly.
Ozil called minority Uighur Muslims 'warriors who resist persecution', has not gone down well with China. China is EPL's most lucrative overseas market. Could Arsenal suffer fallout?
India is an under-penetrated ATM market with only 98 ATMs for every 10 lakh of population.
On retirement, you will draw a lesser amount as pension.
Most people around the world know Bruni as Italian-born French songwriter, singer and former model, but few know that she is also the brand ambassador for Global Fund, an international financing institution that invests the world's money to save lives, especially victims afflicted with HIV/AIDS, tuberculosis and malaria.
A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.
"There is a lot of opposition from the garment industry, but we are not in favour of a complete rollback of the duty. We understand their concerns and will try to address these. We may simplify some procedures for them," said a finance ministry official.
Mobile handset prices will become more expensive as Finance Minister Pranab Mukherjee on Monday announced one percent hike in the Central Excise duty for 130 items, including phones.
