A high level CEO's mission led by President of the Confederation of Indian Industry Mr. Adi met Bangladesh Prime Minister Sheikh Hasina's Adviser for International Affairs Dr. Gohwer Rizvi on Saturday in Dhaka.The discussions during the meeting were focused on identifying opportuni...

Eurozone nations to provide 100 bn euro rescue loans to Spain's ailing banks

EGoM proposes lower spectrum prices

The Empowered Group of Ministers (EGoM) on telecom headed by Home Minister P Chidambaram on Friday decided to recommend to the Cabinet a price lower reserve price for spectrum auction than the sector regulator Telecom Regulatory Authority of India (TRAI) proposed earlier.The reconstituted EGoM, whic...

Now 27% OBC quota in petrol pump allotment

The Petroleum and Natural Gas Ministry has announced a 27 per cent reservation to Other Backward Classes (OBCs) in the allotment of dealership of Petrol Pumps.In a statement issued in New Delhi, it said the selection process for petrol pump dealership had been revised, applying the reservation polic...

Maruti to continue work at trouble-hit Manesar plant

India's biggest car maker Maruti Suzuki will continue to operate at the troubled Manesar factory. Disclosing this, Managing Director Shinzo Nakanishi said it would build its third plant at the site by the middle of next year. Maruti Suzuki stopped production at the factory on Wednesday afte...

More tax benefits for salaried employees

Salaried employees, who are earning up to Rs 5 lakh a year, need not file income tax returns for assessment year 2012-13.According to a release issued by the Finance Ministry, the exemption from filing I-T returns is applicable in those conditions, when total income of the employee does not exceed R...

RBI releases guidelines report on restructuring of loans by banks

The Reserve Bank of India - RBI today released a report reviewing the existing guidelines on restructuring of loans by banks and financial institutions. The report prepared by a working group headed by Mr. B. Mahapatra has suggested that banks should seek personal guarantee from promoters and adopt ...

Govt approves 10.82% disinvestment of stake in SAIL

The government has approved the disinvestment of 10.82 per cent of its stake in Steel Authority of India (SAIL).The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Manmohan Singh, that met last evening, cleared the SAIL public offer. Our Correspondent reports, the share sale p...

Violence in Manesar Suzuki plant a conspiracy to shift plant allege village sarpanchs<br/>

Sarpanchs of six villages around Maruti Suzuki&apos;s plant in Manesar today alleged that the incident of violence within the company premises was part of a big conspiracy to shift the unit out of the region. A senior management official was killed in the violencethat erupted Maruti&apos;s M...

Asian markets slip following weak US economic data

Asian markets mostly fell, today, following weak US economic data. So Japan&apos;s Nikkei lost 1.4%; China&apos;s Shanghai Composite index slipped 0.7%; Singapore&apos;s Straits Times index shed 0.4% and South Korea&apos;s Kospi closed the day unchanged. But Hong Kong&apos;s Hang...