ECONOMY & NATION


IANS 09 November 2015
Gujarat-based Adani Group has signed an agreement with Larsen & Toubro Ltd. to acquire the latter's Kattupalli port near here for an undisclosed sum, the two parties said on Monday.   In a regulatory filing with the Bombay Stock Exchange (BSE), Larsen & Toubro (L&T) said it has...

Read More



The Modi government promised to make tax laws more transparent and less complex. The revenue secretary, today, is Hasmukh Adiha, a Gujarat cadre IAS officer who is close to the prime minister. However, Indian tax laws are so outdated, and their application so mindless, that there is no dearth...

Read More



IANS 09 November 2015
South Korea's top automaker Hyundai Motor Co. is set to unveil its first self-driven vehicle in December, a media report said on Monday.   Hyundai plans to roll out the latest version of its "Genesis" luxury sedan equipped with the so-called highway driving assist (HDA)...

Read More



IANS 09 November 2015
The Bihar poll outcome has come as a big disappointment for the BJP whose efforts to rake up extraneous issues like beef-eating and Pakistan, which were not considered germane by a politically conscious electorate, led to a drubbing that the party leadership least expected. Analysts said the...

Read More



IANS 09 November 2015
Nestle India on Monday said it has begun the roll-out of Maggi noodles and that the priority would now be to reach the popular snack to the consumers at the earliest.   "The return of Maggi Noodles on the auspicious eve of Deepawali and on the day of Dhanteras is a moment of...

Read More



The Parliamentary committee on Finance turns its spotlight on multi-state cooperative societies as a major conduit for illegal chain-money schemes   Ponzis, money circulation schemes, dubious chit funds, multi-level marketing (MLM) schemes or pyramid companies masquerading as direct...

Read More



IANS 06 November 2015
Minister of State for Finance Jayant Sinha said on Friday that the government is open to out-of-court settlement in cases where arbitration has been initiated including the vexed Vodafone tax case.   "As far as out of court settlement for Vodafone is concerned, we have always said...

Read More



IANS 06 November 2015
Power Minister Piyush Goyal said on Friday that the Ujjwal Discom Assurance Yojana (Uday) approved by the union cabinet will help wipe out the accumulated losses of state electricity distribution companies (discoms) by 2019.   "A clear road map has been drawn to solve the present...

Read More



IANS 06 November 2015
 Leading drugmaker Dr Reddy's Laboratories on Friday acknowledged having received a warning letter from the US FDA relating to its three manufacturing plants in Andhra Pradesh and Telangana.   Reddy's also said it would respond with a comprehensive plan to the US Food and Drug...

Read More



IANS 06 November 2015
Reeling under a slump in sales and sitting on huge unsold inventories, real estate developers are using every possible marketing trick in their arsenal to excite indifferent buyers to come out and invest during this festive season.   Some desperate developers have reduced the...

Read More



IANS 06 November 2015
The Greek parliament on Friday passed a second critical bill containing prior actions required by international lenders to unlock fresh bailout funding to the debt-laden country in coming weeks.   The draft bill included a new series of austerity measures such as an increase on the...

Read More



IANS 06 November 2015
Prime Minister Narendra Modi on Friday said that the government has for the first time entered into a monetary framework with the Reserve Bank of India (RBI) to curb inflation.   "We embarked on a course of fiscal consolidation. We entered for the first time into a monetary framework...

Read More



Moneylife Digital Team 06 November 2015
Pyramid and MLM schemes continue to defraud thousands, even in the US   The late Indira Gandhi, former prime minister, unable to—or uninterested in—controlling corruption, had famously said “corruption is a global phenomenon.” Indian politicians and regulators, unable to control...

Read More



IANS 05 November 2015
Curtains came down on Thursday on the staggered five-phase assembly elections in Bihar that pitted Prime Minister Narendra Modi's BJP-led combine against the Grand Alliance of Chief Minister Nitish Kumar, with more than half of the 1.55 crore electorate turning out to vote in the final...

Read More



IANS 05 November 2015
Virtusa will make an unconditional mandatory offer to the public shareholders of Polaris to purchase up to an additional 26% of its outstanding shares   US based Virtusa Corporation has decided to buy around 53 percent of shares of city based software services company Polaris...

Read More



IANS 05 November 2015
Infrastructure projects such as roads and power were the first pre-requisite of development and new highways will give pace to Haryana's growth   Prime Minister Narendra Modi on Thursday said his government is working towards removing bottlenecks and simplifying procedures to speed up...

Read More



IANS 05 November 2015
In a statement, the central bank said the penalty has been imposted for violation of RBI instructions, know-your-customer (KYC) norms and anti-money laundering (AML) standard   The Reserve Bank of India (RBI) on Thursday said it has imposed a monetary penalty of Rs.10 million on...

Read More



IANS 05 November 2015
US-based technology major Microsoft on Thursday announced a string of partnerships, programmes and products claimed to help Indian organisations and governments to explore unchartered business areas and enrich customer and citizen experiences.   The newly launched local Microsoft...

Read More



IANS 05 November 2015
As a sign of economic revival and increasing use of technology, online recruitment across India zoomed 60 percent in October, with manufacturing hiring most, a leading placement agency said in a report on Thursday.   "Our finding shows a 60 percent growth in online recruitment in...

Read More



Moneylife Digital Team 05 November 2015
The Moily Committee, in its report said, SEBI needs to become more transparent, vigilant and accountable in their regulatory action, showing the same level of alacrity as in the case of Sahara while dealing with Ponzi companies   The Parliamentary Standing Committee on Finance while...

Read More

Free Helpline
Legal Credit
Feedback