Posts Tagged ‘business’
Kingfisher Airlines violated tax rules: Govt
Kingfisher Airlines, owned by flamboyant liquor tycoon and MP Vijay Mallya, has not deposited with the government around Rs 1530-2011 and another Rs 100 crore mopped up in 2011-20121," he said1 bank accounts of Kingfisher Airlines after it failed to pay service tax dues33-million loan SBI Capital Markets Ltd, a unit of State Bank of India, has [...]
Rs 300 crore in black money unearthed in Apr-Oct: Pranab
The Income Tax Department seized Rs 300 crore in black money, including cash and jewellery, during April-October, 2011-12, Parliament was informed Tuesday90 warrants and seized assets worth Rs 299790-11 fiscal, the I-T Department has seized assets worth Rs 77498 crore by executing 4,852 warrants, Mukherjee said In a separate reply to the Rajya [...]
Gold up by Rs 135; silver loses Rs 400
Gold rose by Rs 135 to Rs 27,965 per 10 grams on Tuesday, on buying at attracted lower levels amid a firming global trend,60135 each to Rs 27,965 and Rs 27,825 per 10 grams00 pieces [subscribe2]
Sensex hits new 52-week low, Nifty below 4,550
The Bombay Stock Exchange benchmark Sensex on Tuesday fell for the fifth straight day to touch a new 28-month low by losing 204 points on sustained selling by funds amid slowing economic growth and weakening rupee5,1754 per cent to its lowest close since May 15, 20093 per cent to 1,36739 [subscribe2]
Sensex hits 2-year low, growth fear sap confidence
The BSE benchmark Sensex fell to its lowest level in more than two years in early trade today, losing 269 points to 15,2225,4405,2105,222015 hours, a loss of 2680 points, or 1 per cent, to a two-year low of 4,567015 hours3 sectoral indices on the BSE were trading in the red2 per cent, BHEL 308 per cent and HDFC 299 per cent Sustained selling by [...]
Finance ministry issues expenditure alert to ministries
The finance ministry has instructed various ministries to keep their expenditure within the budget estimates this fiscal "as it would not be possible to consider any additionalities per cent in October, sparking concerns over tax collections00 companies rose just 10 per cent in the third quarter of the current fiscal against an anticipated 32 per [...]
Kingfisher to join ‘Oneworld’ Airlines alliance
Kingfisher Airlines will become part of the global airlines' alliance 'oneworld' with effect from February 10 next year0, Kingfisher would be offering the full range of services of the alliance and substantially expanding the alliance network throughout India, the spokespersons said, adding it would enable the private carrier to strengthen its [...]
Rupee drops by 48 paise to breach Rs.53 per dollar-mark again
The Indian rupee slid past the Rs8 per dollar despite restrictions imposed by the RBI on forward trading as fresh demand for the American currency and a lower opening in the equity market took a toll86 per dollar on the Interbank Foreign Exchange, as against last weekend's close of Rs71 per dollar, and declined further to Rs8 per dollar before [...]
Food subsidy of Rs 45,125 cr released till Dec 15: Govt
Against the food subsidy budget of Rs 60,572 crore for the current fiscal, the government has already released Rs 45,125 crore till December 15, the Rajya Sabha was informed on Monday0-11 and Rs 58,242union territories to strengthen the functioning of TPDS by improving monitoring mechanism and vigilance, increase on a regular basis," he [...]
Mercedes-Benz to launch SLS AMG Roadster
Premium luxury car maker Mercedes-Benz Sunday said it will launch the SLS AMG Roadster during the Auto Expo in New Delhi in January0 cars including the SLS GT3 and the DTM car percent growth during January to November 2011 period and sold 6,698 cars as against 5,110 cars in the same period last year [subscribe2]
Inflation to fall to 6-7% by March if trend continues: FM
Finance Minister Pranab Mukherjee on Sunday said headline inflation in the country remains "perilously close" to double digits but is expected to moderate to 6-7 per cent by March if the present declining trend continues per cent in November from 92, he said Mukherjee said as per another assessment, there has been slow recovery in the US [...]
Sensex tumbles to 2-year low, Falls 345 points
Erasing initial gains, the Bombay Stock Exchange benchmark Sensex today fell to 2-year low, losing 345 points, as RBI expressed concerns over growth but did not ease liquidity, although it paused lending rate hike50 points but fell sharply to end with a loss of 3458 per cent to 15,4913 times since March 2010 to tame inflation, RBI finally put a [...]
RBI hits pause button on rate hikes; India Inc hails RBI’s move
The stock market reacted positively with the BSE sensex and NSE Nifty trading one per cent higher to the USD after opening strong following RBI’s intervention overnight to curb speculative forex positions226 hours, it traded off the day's high, at 521-month lowovernight exposure of Banks990s during the East Asian crisis when the Rupee had fallen [...]
Gold falls to 6-week low below Rs. 28,000 per 10 g
Gold fell below the Rs0 grams-level for the first time in six weeks in the national capital today, losing Rs0 grams on sustained selling amid reduced offtake at higher levels and a weakening global trend,565 in the past five sessions0 grams on December 800 per kg on fresh buying by industrial units and jewellers0 grams-mark,5700 grams, [...]
AI debts mount to Rs. 43,000 crore
Noting that Air India is passing through a deep crisis with its total debt touching a whopping Rs8,000 crore accumulated in the past three to four years, Civil Aviation Minister Vayalar Ravi said Mr Ravi said AI’s outstanding loan stood at Rs20,000 crore on account of purchasing new aircraft and Rs20,000 crore for taking loan for operational [...]
Rupee falls further
The Indian rupee breached the Rs 54 per dollar-mark in early trade on Thursday, tumbling by 61 paise to Rs 5421 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 53/72 per dollar, and dropped further to Rs 5429 per dollar at 1030 hours40 per cent, in early trade [subscribe2]
RBI intervenes to check free fall of rupee
In a significant move to control the free-fall of the rupee against the dollar, the Reserve Bank of India on Thursday imposed restrictions on forward contracts0, traders said77 to the dollar, after hitting 54 paise to Rs 5421 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 53/72 per dollar, and dropped further to [...]
Petrol price hike: price may go up by 65 paise from Friday
Petrol prices may be hiked by Rs 066 and followed this with a Rs 0st and 16th of every month based on the average international rates of the previous fortnight, may informally consult the parent Petroleum Ministry before taking a decision11 per barrel in Singapore this month, up from USD 10825 a barrel in the previous fortnight
Govt has limited options to combat economic slowdown says Pranab Mukherjee
Concerned over the deteriorating global economic situation, Finance Minister Pranab Mukherjee on Wednesday said the government has limited options to combat the slowdown1-12 from 8minus 02 per cent for the week ended October 22 Mukherjee further said a slowdown in external demand has led to a deceleration in India's exports growth, resulting in [...]
Rupee sheds 57 paise to record low of Rs 53.80/$
The Indian rupee lost 57 paise to a fresh all-time low of Rs 5355 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 5324 per dollar, and declined further to a record low of Rs 5361 per dollar at 1030 hours cents to USD 9983 a barrel
