Reliance Adds Funds to Aid Drilling Effort
HTML clipboardMUMBAI -- Reliance Industries Ltd. raised about 31.88 billion rupees ($662 million) via a share sale, as it seeks to generate funds to expand its oil-and-gas expl...
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Finance News
Updates from regulators, markets, and the wider Indian finance sector.
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Mamata seeks probe into jobs-for-land scam during Lalu's tenure
HTML clipboardRailway Minister Mamata Banerjee [ Images] has sought a Central Bureau of Investigation probe into allegation of irregularities in recruitment during the tenure...
Vodafone to move more jobs to India
HTML clipboardMobile services provider Vodafone Hutchison has announced offshoring a total of 450 call centre jobs from Melbourne [ Images ] to India and Tasmania. The decisio...
Car loan default: What, when and how?
HTML clipboardAt a time when the economies around the world are facing unprecedented unemployment percentages, grim job prospects, and high inflation rates, individuals who onc...
Bengal offers 45 acres each to Infy, Wipro
HTML clipboardThe West Bengal government is desperate to keep Infosys and Wipro from going away from the state. In an attempt to retain Wipro and Infosys in West Bengal, the s...
Coming soon to India! Plastic currency notes
HTML clipboardHow would you like to wash your Rs 100 note with soap and water to clean it and then wipe it dry with cloth? It may sound pretty foolish now, but that is exactly...
Ministry order kills pay rise hopes for IIT, IIM faculty
HTML clipboardThe Union Ministry of Human Resource Development (MHRD) has killed hopes of an immediate pay rise for the faculty of centrally funded technical institutions like...
ABG to counter Bharati's bid for Great Offshore
HTML clipboardThe bidding war for Great Offshore [ Get Quote ] ratcheted up a notch with ABG Shipyard Get Quote] saying it would come out with a counter-offer to rival Bharati...
Interest rate futures: The next big thing in derivatives trading
HTML clipboardEver since the global financial crisis hit the economies world over, more and more regulators and markets across the world are seen drifting away from the over-th...
Bank cuts rates, here's why your EMI won't change
HTML clipboardEvery time you hear the news about an interest rate cut you would heave a sigh of relief thinking that the next EMI would be less than the current month's. Ho...
Bank cuts rates, here's why your EMI won't change
HTML clipboardEvery time you hear the news about an interest rate cut you would heave a sigh of relief thinking that the next EMI would be less than the current month's. Ho...
Finmin: no new FRBM legislation
New Delhi: The finance ministry has dropped its plans to amend or replace the Fiscal Responsibility & Budgetary Management (FRBM) Act of 2004, which laid down fiscal and reve...
Indian export to register 10 % growth: Expert
Coimbatore: Total export from India is expected to register 10 per cent growth during 2010-11, with all sectors including textile showing a revival, top official of Export-Impor...
States agree to have two rates for GST
New Delhi: The states today decided to have two rates for the proposed Goods and Services Tax — one standard rate and another a lower rate for essential items — scheduled to be...
‘Fiscal policy had to do more than monetary’
Chief economic advisor in the finance ministry Arvind Virmani is looking forward to his next job as the executive director in the International Monetary Fund. The credit for...
Stimulus ends in 2010, taxes will go up
New Delhi: The finance ministry has told the Thirteenth Finance Commission that given its expectations of a recovery in January-March 2010, it will withdraw the fiscal stimulus b...
World Bank to provide $3 bn for road projects
New York: The World Bank has agreed to provide a USD 3 billion-loan for developing national highways. The World Bank assistance will be utilised for converting 6,372 km of one-l...
Advance tax collections healthy
New Delhi: The Indian economy seems to be on the mend with advance tax payments by banks, oil and auto companies showing a healthy rise. While the final figures are yet to be com...
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