Business News

Last updated: Sunday, February 01, 2015 11:26:18 PM

Emami Q3 net profits up by 21.9 percent
Kolkata, Jan 28 (IANS) Indian FMCG company Emami Wednesday said its unaudited consolidated net profit for the quarter ended Dec 31 rose by 21.9 percent at Rs.183.7 crore.

Wednesday, January 28, 2015 10:30:05 PM

Cabinet allows 49 percent foreign investment in Lupin
New Delhi, Jan 28 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Wednesday approved the proposal of drug major Lupin Ltd. to increase investment by foreign institutional investors (FIIs) to 49 percent from 33 percent.

Wednesday, January 28, 2015 10:10:05 PM

Government clears HDFC Bank's move to raise Rs.10,000 crore
New Delhi, Jan 28 (IANS) The government Wednesday approved HDFC Bank's proposal to raise Rs.10,000 crore from foreign investors.

Wednesday, January 28, 2015 8:58:03 PM

Cabinet approves Rs.3,705 crore per MHz reserve price for 3G
New Delhi, Jan 28 (IANS) The Cabinet Wednesday approved a reserve price of Rs.3,705 crore per megahertz (MHz) for third generation (3G) spectrum auction due March 4 next, Communications and IT Minister Ravi Shankar Prasad said.

Wednesday, January 28, 2015 8:28:05 PM

Indian investors evince strong interest in US
New Delhi, Jan 28 (IANS) Indian investments in manufacturing and technology deals in the US are set to be fast-tracked but investors have evinced strong interest in the "Select USA" initiative, said senior US government official.

Wednesday, January 28, 2015 8:22:11 PM

Vodafone case: Government not to appeal against Bombay HC order
New Delhi, Jan 28 (IANS) The government Wednesday decided not to appeal against a Bombay High Court ruling that telecom service provider Vodafone was not liable to pay tax demand of Rs.3,200 crore in a transfer pricing case, Communications and IT Minister Ravi Shankar Prasad said and hoped that the decision would boost foreign investors' sentiment.

Wednesday, January 28, 2015 8:12:05 PM

India will have 4 lakh super rich this year
New Delhi, Jan 28 (IANS) The number of India's rich and super-rich individuals is about to double this year, to over four lakh with a collective wealth of $2,645 billion.

Wednesday, January 28, 2015 7:24:04 PM

Relief for Vodafone in Rs.32,000 crore tax case
New Delhi, Jan 28 (IANS) The government Wednesday decided not to appeal against a Bombay High Court ruling that telecom service provider Vodafone was not liable to pay tax demand of Rs.3,200 crore in a transfer pricing case, Communications and IT Minister Ravi Shankar Prasad said here.

Wednesday, January 28, 2015 7:10:04 PM

Indian luxury market to reach $18 billion by 2017: Study
New Delhi, Jan 28 (IANS) The Indian luxury market is expanding fast and would reach $18 billion mark by 2017 from its existing level of $14 billion, a joint study from an industry association and a private bank said Wednesday.

Wednesday, January 28, 2015 6:42:17 PM

Fadnavis clinches business deals, investments in Davos
Mumbai, Jan 28 (IANS) Maharashtra Chief Minister Devendra Fadnavis successfully clinched many key investment and corporate deals with multinationals in Davos, which are expected to generate more than 20,000 jobs in the state.

Wednesday, January 28, 2015 6:26:17 PM

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