Business

July 27, 2012 1:52 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 1:48 PM

ECB pledge to preserve euro ups Asia oil price

A pledge by European Central Bank president Mario Draghi to do whatever it takes to preserve the euro supported the single currency as well as crude prices in Asia today.New York's main contract, light sweet crude for delivery in September, was up nine cents to 89.48 dollar a barrel and Bre...

July 27, 2012 1:48 PM

Greek PM to meet int'l creditora 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's finances be...

July 27, 2012 1:15 PM

Fin Min mulling e-governance in DRTs & DRATs

The Department of Financial Services in the Ministry of Finance is considering implementation of e-governance in the Debt Recovery Tribunals, DRTs, and Debt Recovery Appellate Tribunals, DRATs. An official release says, services of National Institute of Smart Governance, NISG, are being utilised as ...

July 27, 2012 12:52 PM

Sensex up 277pts; trading at 16,917

The BSE benchmark Sensex was trading 277 points up at 16,917 points a shortwhile ago. The 30-share barometer recovered sharply by over 271 points to 16,911 in early trade today with all the sectoral indices, led by banking, metals and auto, gaining up to 1.97 per cent. It lost over 278 points in the...

July 27, 2012 11:59 AM

Sensex trading over 300 pts up at 16,941

The BSE benchmark Sensex was trading 321 points up at 16,961 points a shortwhile ago. The 30-share barometer recovered sharply by over 271 points to 16,911 in early trade today with all the sectoral indices, led by banking, metals and auto, gaining up to 1.97 per cent. It lost over 278 points in the...

July 27, 2012 9:54 AM

Kirana shops, petrol pumps, PCOs to sell insurance products

The Insurance Regulatory and Development Authority, IRDA proposed to allow owners of kirana shops, fair price shops, medical shops, petrol pumps, individual public call office (PCO) to sell micro insurance products. The aim is to promote penetration of insurance in the country, IRDA said in an expos...

July 27, 2012 9:53 AM

Kirana shops, petrol pumps, PCOs to sell insurance products

The Insurance Regulatory and Development Authority, IRDA proposed to allow owners of kirana shops, fairprice shops, medical shops, petrol pumps, individual public call office (PCO) to sell micro insurance products. The aim is to promote penetration of insurance in the country, IRDA said in an exposu...

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