Wednesday, 5 June 2013

Rupee falls most in 1 week; down 29 paise on heavy dollar demand

Rupee falls most in 1 week; down 29 paise on heavy dollar demand

Rupee falls most in 1 week; down 29 paise on heavy dollar demand

After a day's respite, the rupee fell by 29 paise, its biggest single day fall in a week, to end at 56.73 on Wednesday due to heavy dollar demand from importers amid renewed concerns over withdrawal of US monetary stimulus. However, some capital inflows ...
New Real Estate Bill makes registration mandatory

New Real Estate Bill makes registration mandatory

Terming the Real Estate (Regulation and Development) Bill 2013 as a landmark legislation in the offing and aimed at protecting the interests of home buyers, Housing and Urban Poverty Alleviation Minister, Ajay Maken said the Bill proposes to register real ...
File TDS on time or be ready to cough up Rs 1 lakh

File TDS on time or be ready to cough up Rs 1 lakh

New Delhi: Failure to deposit timely and correct Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) will now attract a penalty ranging from Rs 200 to Rs 1,00,000 by the Income Tax department. All the TDS range offices of the department across ...
TCS increases CEO Chandrasekaran

TCS increases CEO Chandrasekaran's monthly salary to Rs 15 lakh

BANGALORE: Tata Consultancy Services, India's largest software services exporter, said it has raised the chief executive N Chandrasekaran's maximum salary limit by 50% to Rs 15 lakh a month with effect from April 1, 2014, to "compensate for the additional ...
PIL in Supreme Court for action against Ranbaxy

PIL in Supreme Court for action against Ranbaxy

New Delhi: An advocate today approached the Supreme Court with a PIL seeking cancellation of the license granted to Ranbaxy Laboratories Ltd and for initiating probe against the pharma major for allegedly manufacturing and selling adulterated drugs.
India must ease tax, regulatory regime to boost PE investment: E&Y

India must ease tax, regulatory regime to boost PE investment: E&Y

Consulting and accounting firm Ernst & Young (E&Y) has said the Indian government must ease tax and regulatory hurdles to spur private-equity investment. In a report titled 'Private Equity: Breaking Borders', E&Y said a considerable share of private-equity ...
Justdial soars 15.5 percent on market debut

Justdial soars 15.5 percent on market debut

MUMBAI | Wed Jun 5, 2013 5:02pm IST. MUMBAI (Reuters) - Search service provider Justdial (JUST.NS) rose as much as 19.2 percent in its stock market debut on Wednesday after the company raised about $165 million last month in the country's biggest ...
Ponzi schemes: RBI governor for increasing surveillance, regulations

Ponzi schemes: RBI governor for increasing surveillance, regulations

In the wake of ponzi schemes and chit fund scams, Reserve Bank Governor D Subbarao today said there is a need to review the regulations governing these sectors and increase surveillance on such entities. ET SPECIAL: To download ET mobile app, call ...
How Rohan Murty

How Rohan Murty's presence may 'hurt' Infosys

BANGALORE: The induction of Rohan Murty into Infosys could undermine succession planning to choose a new CEO if his interactions are not handled with tact and integrity, experts have warned. The presence of Rohan, whose father NR Narayana Murthy ...
Buy Bata India; target of Rs 975: Motilal Oswal

Buy Bata India; target of Rs 975: Motilal Oswal

Motilal Oswal is bullish on Bata India and has recommended buy rating on the stock with a target of Rs 975 in its June 3, 2013 research report. Motilal Oswal · More about the Brokerage... Source: Moneycontrol.com ...