India’s fledgling start-up scene has a reason to rejoice. Twitter’s acquisition of Indian mobile phone marketing out-fit ZipDial, reportedly for $30-40 million, shows the global tech giants’ appetite for innovative firms as they look to g
Gross direct tax collections – including tax on personal and corporate incomes – from April to December of financial year 2014-15 are up by 12.93 per cent at Rs. 5,46,661 crore as against Rs. 4,84,063 crore collected during the same period in
The target is to get back to 8-9 per cent growth rate, he says The economy is set to clock a 6.5 per cent growth next year and then take off to reach 8-9 per cent in the years to come on the back of huge public support for reforms ...
The initial public offering of shares (IPOs), an integral part of the capital market, continues to be in a moribund state. The market seems to have gone into a slumber. It is important to understand why. The new issues market or the primary market (as it i
The last few months have seen tailwinds converging for India’s airlines — such as improvement in demand and, therefore, passenger load factors (PLFs), a largely stable rupee-dollar exchange rate and, most importantly, a steep fall in crude oil
Industry burdened with massive surplus stock The sugar industry, which is burdened with a massive surplus stock and alarmingly low prices, is eagerly awaiting the government’s announcement on the continuation of the export subsidy on raw sugar exp
The Finance Minister promises a stable tax regime Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the coming Budget while asserting that ‘structural changes’ will have to be mad
The modification will come into force with immediate effect. The Reserve Bank of India (RBI) on Friday relaxed norms for the External Commercial Borrowing (ECBs) by allowing banks and companies to restructure and reschedule the existing borrowings.
On the final day of his Davos trip, Andhra Pradesh Chief Minister N. Chandrababu Naidu was taken by surprise when he bumped into Microsoft founder Bill Gates on Friday at the World Economic Forum Annual Summit. “Bill Gates, an old friend of the ch
Oil prices rose on the news of the death of Saudi Arabia’s King Abdullah Thursday, but the king’s death is not expected to change the course of oil prices over the next several months.The price of U.S. crude was up 88 cents, or 1.9 percent, to