Business News: General

  • Pay panel report next week, Govt working on 20% hike IE - Fri, Mar 14

    As the Sixth Pay Commission prepares to submit its report on March 20, a fortnight before deadline, the Finance Ministry has started working its numbers considering an average 20% increase in salaries of Central government employees.

  • Interest rates are hurting, the slowdown has begun IE - Thu, Mar 13

    The government has been reiterating its focus on maintaining a balance between managing inflation with growth but it seems to be struggling on both fronts - inflation crossed 5% last week and the latest industrial output numbers released today show a sharp slowdown in growth.

  • Scope for a drop in interest rates: Chidambaram IE - Wed, Mar 5

    Finance Minister P Chidambaram today said that "there is scope for interest rates to drop." In a post-Budget interaction with the National Council of Confederation of Indian Industry, he said that interest rates continue to be the most effective way to contain inflation, notably when capital inflows remain robust.

  • Sensex tumbles 571 pts in early trade IE - Mon, Mar 3

    The Bombay Stock Exchange benchmark Sensex plunged by 571 points in early trade on Monday on heavy selling by funds triggered by weak global trend.

  • How much does the Budget give in your wallet? IBN - Sat, Mar 1

    What are the implications of the new income tax laws on your personal finance? A panel of experts demystify what Budget 2008 means to your wallet and your money on CNN-IBN's special show Budget and Personal Finance .

  • Five tax laws that need to be amended this budget IBN - Tue, Feb 26

    As a part of our award-wining campaign, Axe The Tax, CNN-IBN went to the Finance Ministry to present a proposal on five tax laws that should be amended. But balancing the views of people could be a difficult task for the Finance Minister in what will be his last full term budget in the UPA , ahead of the general elections.

  • Fresh rate cut by SBI to make loans cheaper IBN - Thu, Feb 21

    There is good news for borrowers. Home and car loans are set to get cheaper after SBI and three other public sector banks cut interest rates, raising expectations that private banks will now follow suit.

  • Non-metros have higher rents, lower rent allowance IBN - Tue, Feb 19

    The house rent allowance is non-uniform across the country. Residents of metros - Delhi, Mumbai, Chennai and Kolkota - get a higher tax benefit than those in cities like Bangalore or Hyderabad. However, the rents of Bangalore and Hyderbad are often steeper. Many want a change in this outdated tax law.

  • Commuters want FM to raise conveyance exemption IBN - Mon, Feb 18

    Tax exemption on conveyance allowance has not been keeping up with the times. Thanks to a decade-old provision, the amount exempt is a pittance compared to the cost of travel today. For most salaried persons, the exemption is to the tune of Rs 800 a month on conveyance allowance.

  • TV anchors, media talking up, talking down stocks, need clean-up: outgoing SEBI chief IE - Sat, Feb 16

    Setting the stage for a much-needed debate on the practice of TV channels, anchors and media professionals "recommending hot stocks" to investors, outgoing chairman of the Securities Exchange Board of India (SEBI) Meleveethil Damodaran has raised serious questions about the media's role in "talking up" or "talking down" a stock.

  • Count confirms worst fears: only 1,411 tigers left-60% dip over the last 10 years IE - Wed, Feb 13

    It is official now. The final tiger census figures released today show a sharp dip. There are now 1,411 tigers as compared to 3,508 in 1997. In 1972, a year before Project Tiger was launched, there were 1,827 tigers in India.

  • Markets tank again, Reliance Power disappoints on debut IE - Tue, Feb 12

    Reliance Power, which awed Dalal Street investors last month with its Rs 11,000 crore initial public offer (IPO) and got record bids worth Rs 7,50,000 crore, "shocked" investors with a poor debut today when it listed on the stock exchange for the first time.

  • BSE was Lashkar target, says UP after holding six IE - Mon, Feb 11

    The Uttar Pradesh police today claimed to have averted an attack on the Bombay Stock Exchange (BSE) with the arrest of six Lashkar-e-Toiba militants who were also said to be involved in the attack on the CRPF centre at Rampur on New Year's night.

  • Dos and don'ts of romance on the road Forbes - Sun, Feb 10

    Unattached business travelers know that when the meetings end and the hotel bars open, lonely business travelers are up for lingering over a meal with a stranger.

  • Sensex nosedives 523 points IE - Wed, Feb 6

    The Bombay Stock Exchange benchmark Sensex plummeted by 523 points, its biggest loss in the last two weeks, with software and metal stocks falling on reports of contraction in US service industry.

  • More banks slash home, auto loan rates IBN - Tue, Feb 5

    It has been a tough year for banks, with credit off-take slowing down. home loans are now becoming cheaper, for after HDFC slashed its rates, two more banks are softening theirs. State-run Canara Bank has become the first PSU bank to cut home loan rates by 25 basis points across all tenures. The quarter percentage cut will be applicable for both existing and new customers.

  • Chidambram hints that tax rates won't be cut IBN - Sat, Jan 26

    The budget is round the corner and the Indian taxpayer might be in for a rude shock. Union Finance Minister P Chidambram has said in an interview to Network 18's Menaka Doshi in Davos that tax cuts are not very likely.

  • Market mayhem now hits real estate prices IBN - Thu, Jan 24

    Home sales and land transactions that had already slowed down over the last six months are expected to dry up further as real estate stocks were among the biggest losers in the market mayhem seen over the past 14 days. Most property stocks fell 25 per cent since the stock market correction set in on January 10.

  • Why we need a crash now Forbes - Thu, Jan 24

    Stocks look very weak. This is hardly a surprise considering the impact of the credit crunch and the prospect of a U.S. recession. However, the fall looks hardly enough, considering the circumstances.

  • SEBI makes new year happy for MF investors IBN - Tue, Jan 1

    New Delhi: New Year has brought reason for mutual fund investors to cheer. There will be no entry fee on applications filed directly to asset management companies.


Copyright © Yahoo Web Services India Pvt Ltd. All rights reserved.
Questions or Comments
Privacy Policy -Terms of Service - Copyright Notice