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The tycoon had been allowed to use an office, phone, internet connection and three secretaries.
'The announcement has come too late. This should have been done years ago.'
At a time when human contact seems is at its lowest, two people meeting for the first time oblivious to their romantic future together is alluring than ever.
The government on Thursday decided not to increase petrol and diesel prices, and issue oil bonds worth Rs 23,457 crore (Rs 234.57 billion) to partly compensate public sector oil companies for the losses incurred on fuel sales."We have kept our promise of not raising prices of sensitive petroleum products," Petroleum Minister Murli Deora told PTI after a meeting of the Cabinet.
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
'The way he has been interacting with everybody, be it the masseur or the assistant manager or the driver of the bus, or the new players who have not been part of the IPL before, he is making an effort to reach out to them and give them confidence.' 'That speaks a lot about the man that he is.'
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
Japan today imports 500,000 tons of coffee annually. Barely 60 years earlier, it was a market that hardly sold a cup! Ad guru Sandeep Goyal reveals how Nestle won the Coffee versus Tea Battle.
Rediff readers take the 10 year challenge and tell us how their lives have changed.
From being exorbitantly priced to facing stiff competition, Harley was always going to find it tough to crack a market like India, says Dhruv Munjal.
Jack Ma who had five years ago said he was inspired and excited by "Make in India" possibly understood the essence of the signature campaign better than some others and decided to stay away from India other than as an investor, says Nivedita Mookerji.
The earliest known New York Yankees jersey worn by slugger Babe Ruth was sold for US $4.4 million, a record for a piece of sports memorabilia.
Continuing with the same behaviour while things around you change is a sure recipe for failure. Successful leaders will demonstrate agility and adaptability.
Avoid high risk transactions even if they seem more profitable.
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
Mumbai-based business process outsourcing firm Firstsource plans to sell US-based MedAssist, a health care business it acquired in 2007. Firstsource had paid $330 million for the acquisition.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
The primary market showed some signs of life in a busy day.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Currently, FPIs can invest up to $30 billion in Government securities, of which $5 billion is reserved for long-term investors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
At least 12 companies have announced plans to raise capital through public sale of bonds.
Between that constant feeling of I've seen it all before and inability to balance comedy and darkness, Ludo wobbles towards its finish, sighs Sukanya Verma.
You can make all the speeches you want, you cannot argue against 39 straight months of slowing, observes Aakar Patel.
For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
The recently approved government scheme provides both liquidity and returns.
China's economy, which suffered 6.8 per cent slump in the first quarter due to the coronavirus pandemic -- the worst in 44 years -- bounced back posting 4.9 per cent growth between July and September buoyed by the government's sweeping efforts to stimulate demand and consumption.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
Maserati, whose logo is modelled on the trident in the statue of Neptune in Bologna's Piazza Maggiore, was acquired by the Fiat Group in 2005.
A majority of fixed income investors expect the fiscal deficit to stay close to the government's target of 5.5 per cent or lower in the year to March 2011, according to a Fitch Ratings survey of money managers at asset management companies, life insurers, pension funds and banks.
Private air carrier Spicejet on Wednesday said it will raise $75 million (about Rs 355 crore) through the sale of shares or bonds to fund its fleet and route expansion programme.
This will bring down capital gains especially in case of property transactions.
More than a hundred years ago, Hindustan Unilever launched a soap called Lifebuoy in India.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
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Else, more capital outflow and pressure on rupee likely.
Open market price cools down as chief minister orders cold storages to empty stock by December 15.
Latest exercise follows two similar attempts made by Sebi in the past
