Business

July 27, 2012 9:15 PM

No revisiting on multi-brand retail: Sharma

The Centre has clarified that there was no revisiting on multi-brand retail. Commerce Minister Anand Sharma, however, said the Government was trying to build a wider political consensus on the issue. In a meeting with George Osborne, MP, Chancellor of the Exchequer of United Kingdom, Sharma impresse...

July 27, 2012 6:18 PM

India stresses need for free labour movement

India has stressed the need for free movement of labour across borders. Addressing the Global Investment Conference in London, Commerce and Industry Minister Mr Anand Sharma said if the trade paradigm is viewed from a perspective of generating sustainable employment, it is imperative to address the ...

July 27, 2012 6:13 PM

NSIC to set up 10 incubation centers in African countries

The National Small Industries Corporation Limited (NSIC)---a public sector undertaking under the Ministry of Micro, Small and Medium Enterprises---is setting up incubation centers in 10 African countries, including Zambia, Zimbabwe, Egypt, Libya, Rwanda and Ethiopia. The projects to be set up includ...

July 27, 2012 6:13 PM

India & Indonesia sign double taxation avoidance agreement

India and Indonesia today signed an agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.The agreement was signed by the visiting Indonesian Foreign Affairs Minister Marty Natalegawa and his Indian Counterpart S.M Krishna at the Hyderabad house ...

July 27, 2012 6:12 PM

TRAI for transparency in broadband service delivery

The Telecom Regulatory Authority of India (TRAI) today issued directions to telecom service providers for delivering broadband services in a transparent manner by providing adequate information to broadband consumers about various plans and Fair Usage Policy, FUP.An official release said, the servic...

July 27, 2012 5:13 PM

Good quarterly results lead 199-point Sensex surge<br/>

The Sensex at the Bombay Stock Exchange surged 199 points, or 1.2 percent, to 16,839 today after good quarterly results by some banks, and amid rising Asian markets, today. The Nifty at the National Stock Exchange rose 57 points, or 1.1 percent, to 5,100.Stock markets in Japan, China, Hong Kong and ...

July 27, 2012 2:25 PM

Greek PM to meet int'l creditors to wrest final bailout instalment

The Greek Prime Minister Antonis Samaras is set to meet international creditors today to try to persuade them that Athens deserves its final instalment of bailout money. The European Union, the International Monetary Fund and the European Central Bank are due to examine Greece&apos;s finances be...

July 27, 2012 2:06 PM

Sensex surges over 180 pts in noon trade; Rupee up 9 paise to 55.43 against $

The Sensex at the Bombay Stock Exchange surged 271 points, or 1.6 percent, to 16,911 in early trade, today, on strong buying interest, amid positive global markets. Later, the Sensex pared some of its initial gains, but still stood a good 184 points, or 1.1 percent in positive territory, at 16,824 i...

July 27, 2012 1:55 PM

Sensex in positive territory; trading up 184pts at 16,824 in noon deals<br/>

The Sensex at the Bombay Stock Exchange surged 271 points, or 1.6 percent, to 16,911 in early trade, today, on strong buying interest, amid positive global markets. Later, the Sensex pared some of its initial gains, but still stood a good 184 points, or 1.1 percent in positive territory, at 16,824 i...

July 27, 2012 1:53 PM

India & Indonesia sign double taxation avoidance agreement

India and Indonesia today signed an agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. The agreement was signed by the visiting Indonesian Foreign Affairs Minister Marty Natalegawa and his Indian Counterpart S.M Krishna at the Hyderabad house...

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