Business News

Last updated: Monday, July 28, 2014 3:18:04 PM

Tax collection for 2014-15 will exceed target: Jaitley
New Delhi, July 21 (IANS) The government is hopeful to exceed the Rs.736,221 crore revenue target from the direct tax collections in the current financial year, Finance Minister Arun Jaitley said Monday.

Monday, July 21, 2014 6:56:17 PM

Idea Cellular's Q1 net profit up over 57 percent
Mumbai, July 21 (IANS) Riding on higher data and voice growth, Idea Cellular's first quarter (April-June) consolidated net profit of 2014-15 jumped over 57 percent, the company said Monday.

Monday, July 21, 2014 6:20:04 PM

Sensex ends 73 points higher; FMCG stocks rise (Roundup)
Mumbai, July 21 (IANS) A benchmark index of Indian equities markets ended Monday's trade 73.61 points or 0.29 percent up as fast moving consumer goods (FMCG) stocks surged.

Monday, July 21, 2014 5:58:04 PM

Mobile networks in Naxal-hit areas in 15 months: Prasad
New Delhi, July 21 (IANS) Mobile networks are likely to be set up in the Naxal-affected areas in 15 months under the Universal Service Obligation Fund scheme, Communications and IT Minister Ravi Shankar Prasad said Monday.

Monday, July 21, 2014 5:48:04 PM

Government studying CAG report on overcharging by oil firms
New Delhi, July 21 (IANS) The government Monday said it is studying the official auditor's observation that state-owned oil companies overcharged customers for five years by Rs.26,626 crore.

Monday, July 21, 2014 5:38:03 PM

Cybercrimes major threat to businesses: KPMG report
New Delhi, July 21 (IANS) Cybercrime has emerged as a major threat for businesses across the country as acknowledged by an overwhelming 89 percent of executives surveyed, a KPMG report here Monday said.

Monday, July 21, 2014 5:08:09 PM

Sensex ends up nearly 50 points
Mumbai, July 21 (IANS) A benchmark index of Indian equities markets Monday ended trade 48.65 points or 0.19 percent up as fast moving consumer goods (FMCG) stocks surged.

Monday, July 21, 2014 4:34:04 PM

BRICS but not yet a Building (Column: Active Voice)
The recently concluded BRICS annual summit held in Brazil resulted in the important Fortaleza Declaration and Action Plan from the leaders of Brazil, Russia, India, China and South Africa. The joint declaration has some important points that highlight the importance of this year's summit.

Monday, July 21, 2014 1:14:03 PM

Asian exports: Will 'decoupling' theory work this time around? (Column: Currency Corner)
During the financial crisis of 2008, there was a prevailing view among asset managers that a sell-off in developed market (DM) equities would not lead to a downturn in emerging market (EM) equities, especially in Asia. This 'decoupling' theory was supported by the fact that Asia could decouple from DM and US demand. It was argued that intra-Asian demand had become more important for Asian exports than DM demand. Further, the loss of DM demand would be offset by China, thus providing a buffer for Asian exporters.

Monday, July 21, 2014 12:30:09 PM

Himachal streamlines timber distribution policy
Shimla, July 21 (IANS) A new policy by the Himachal Pradesh government to allot trees, instead of timber or wood, at subsidized rates for constructing or repairing houses has streamlined the process in the state, an official said.

Monday, July 21, 2014 11:14:10 AM

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