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Home » Business India News You are browsing entries filed in “Business India News”

FDI inflows dip 8% this year

NEW DELHI: Global investors seem less bullish on India after a series of policy flip flops by the government sapped confidence. Latest data released by the Reserve Bank of India showed that foreign direct investment inflows slipped nearly 8% to $7.8 billion during January-April 2012. In April, the latest period for which data is available, FDI, including [...]

June 20th, 2012 | Posted in Business India News | Read More »

Direct tax sees sluggish growth

NEW DELHI: Direct tax collection remained sluggish with the first quarter advance tax showing a marginal growth of 5% over the April-June period last year. The total advance tax payment for Q1 was Rs 33,086 crore, of this the top 100 companies accounted for Rs 17,900 crore. The slowdown in the economy seems to have [...]

June 20th, 2012 | Posted in Business India News | Read More »

The road Gupta’s lawyers may choose

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Rajat Gupta’s conviction shows that federal prosecutors can win an insider trading case based largely on circumstantial evidence. It appears the jury was persuaded by wiretaps. For the two charges that he was acquitted on, the government didn’t present overheard conversations of Raj Rajaratnamdescribing his source of inside information. Gupta was convicted on tips he made to Rajaratnam [...]

June 17th, 2012 | Posted in Business India News | Read More »

Petrol cheaper from Monday, but diesel to cost more

NEW DELHI: While petrol will be cheaper by 92 paise from Monday, diesel will cost 37 paise more. The Delhi government may have kept its promise but, at the same time, it has reversed its last year’s decision to waive off 12.5% value added tax on the Rs 3.37 hike on diesel that was announced by the [...]

June 17th, 2012 | Posted in Business India News | Read More »

Infosys, TCS, Wipro created 2 million jobs in FY 2011-12

BANGALORE: The resilient Indian IT industryhas shared the grave concerns expressed by Infosys’ chairman emeritus N R Narayana Murthy and Wipro chairman Azim Premji on policy paralysis in the UPA government holding up reforms and growth. “Our concerns are no different from what Murthy and Premji have expressed. Key policy issues and executive decisions pertaining to our industry have been pending for long. They [...]

June 14th, 2012 | Posted in Business India News | Read More »

Bank stocks plunge on inflation shocker

COIMBATORE, JUNE 14: With the latest inflation numbers raising questions as to whether the RBI would bite the bullet (on interest rate cut), the bank counters took a dive on the BSE today. The Bankex became one of the biggest sectoral casualties on the BSE with the index shedding about 180 points after the inflation [...]

June 14th, 2012 | Posted in Business India News | Read More »

Piloting the Maharaja

On navigating the national carrier, in good times and bad With the Air India management and the agitating pilots affiliated to the Indian Pilots’ Guild refusing to budge from their stand, there seems to be no end in sight for the impasse. Post the Delhi High Court’s indictment of the strike on May 30, there [...]

June 14th, 2012 | Posted in Business India News | Read More »

Asian markets reverse gains on Spanish debt concerns

TOKYO: Asian markets reversed the previous day’s hefty gains on Tuesday as a European bailout for Spain’s debt-stricken banks failed to convince investors that the spread of the debt crisis in Europe will be halted. Markets worried the weekend deal could further aggravate Spain’s rising public debts, while attention is turning to problems in Italy and the [...]

June 12th, 2012 | Posted in Business India News | Read More »

Jet Airways may induct 9 A330-300s planes

BEIJING: In a bid to expand overseas operations, Jet Airways is in talks with European aircraft manufacturer, Airbus, for inducting nine A330-300 planes into its fleet, possibly in a year. “We are in talks with Jet Airways for nine A330-300s and as of now we don’t have a fixed timeline to deliver them. But Jet will definitely [...]

June 12th, 2012 | Posted in Business India News | Read More »

Air India may sack 300 more striking pilots

NEW DELHI: National carrier Air India may go ahead and sack 300 striking pilots, an official said on Monday. “The pilots are on an illegal strike since May. How long do they (pilots) expect us to wait for them to resume duty? If the situation remains the same, then the rest (300) of pilots may also be [...]

June 11th, 2012 | Posted in Business India News | Read More »

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