Friday, 22 March 2013

'Haircut' option back as Cyprus fends off bankruptcy

'Haircut' option back as Cyprus fends off bankruptcy

NICOSIA: Cyprus was revisiting the option of a tax on bank deposits during "hard negotiations" Friday with a troika of lenders, as it raced to secure a bailout to stave off bankruptcy and a possible eurozone exit. The European Union has given Nicosia until ...
Exports scenario is disturbing: Anand Sharma

Exports scenario is disturbing: Anand Sharma

Commerce and Industry Minister Anand Sharma, on Friday, termed the current exports scenario as 'disturbing and challenging' and added that it would not be possible to even match last year's exports figure of $306 billion. The government had set an exports ...
Low- cost computing device Aakash

Low- cost computing device Aakash's fate uncertain, government says 'failure' in ...

NEW DELHI: The fate of the much touted low- cost computing device Aakash looks uncertain with the government today conceding that there has been a "failure" in its production. Concerned over the tardy progress, the HRD Ministry has written to IIT Bombay ...
Rupee ends down, euro zone watched for cues

Rupee ends down, euro zone watched for cues

Mumbai: The rupee fell for the first session in three on Friday, tracking losses in local shares and weighed down by oil importers' dollar demand, ending a volatile week largely flat. Dollar sales by exporters and some inflows towards the government's 5.8 per ...
Rishad Premji in Nasscom executive council

Rishad Premji in Nasscom executive council

BANGALORE: Rishad Premji, chief strategy officer of Wipro's IT business and the son of company chairman Azim Premji, has been elected to the Nasscom executive council, which is set to unveil a new eighteen-member team next week. This will be the ...
No plans to offer fuel discounts to Air India, says oil ministry

No plans to offer fuel discounts to Air India, says oil ministry

The oil ministry on Friday said the government has no plans to offer discounts on jet fuel (or aviation turbine fuel, or ATF) sales to loss-making national carrier Air India. The cash-strapped airline has accumulated Rs 4,324 crore in unpaid fuel bills. When asked ...
Srikrishna panel submits report on new India financial code

Srikrishna panel submits report on new India financial code

Moneycontrol > News > CNBC-TV18 Comments. NEWS. Mar 22, 2013, 07.37 PM IST. Srikrishna panel submits report on new India financial code. The Justice Srikrishna headed Financial Sector Legislative Reforms Commission (FSLRC) today submitted its ...
Wal-Mart Asia CEO Meets India Investigator

Wal-Mart Asia CEO Meets India Investigator

NEW DELHI--Wal-Mart Stores Inc.'s Asia Chief Executive Scott Price Friday appeared before a retired judge appointed by the Indian government to probe allegations that the retail giant's lobbying activities violated local laws. Several questions were raised at ...
Maruti Suzuki casts doubt on UPA govt

Maruti Suzuki casts doubt on UPA govt's decision-making ability

The country's largest carmaker Maruti Suzuki India today said with the current political uncertainty putting a question mark over economic growth, the auto industry will continue to face tough times in terms of sales in the next fiscal. MSI also said the auto ...
Home sales rise 46% in NCR; Mumbai lags: report

Home sales rise 46% in NCR; Mumbai lags: report

The clearing up of land acquisition issues along with the affordable units available in the Yamuna Expressway and Noida Extension areas resulted in the sale of 3,998 units in January. Photo: Ramesh Pathania/Mint ...