The Prime Minister's Office (PMO) is said to have cleared the scrapping of Press Note 18, an outdated provision which prevented foreign companies More

India is set to get a share of the income earned by a host of Malaysian companies rendering technical services here. More

The Cabinet has okayed an ordinance to repeal Pota, but decided to tone down the definition of terrorism to be included More

Rajeev Chandrasekhar controlled BPL Communications has sued its foreign shareholders, including American Insurance Group (AIG), Actis More

Finance minister P Chidambaram has moved a step closer to achieving the goal of speedy recovery of tax arrears to bolster revenue collections More

The Reserve Bank of India stepped in to do its bit towards reining in inflation. More

MNCs like Hitachi Rhodia and Luxottica can heave a sigh of relief from the recent SC ruling on payment of interest to investors in takeover code violation cases. More

The United States in a significant move agreed to lift export controls on equipment for nuclear facilities in India after New Delhi More

Exporters holding the export promotion capital goods (EPCG) licences can rejoice. Thanks to re-fixation of the export obligation under the EPCG scheme More

After helping to successfully tie up a Rs 179-crore NRI township project in Bangalore, the ministry for affairs of overseas Indians is now More

Exporters of agricultural products have good reason to cheer. The foreign trade policy will allow to import capital goods under zero customs duty More

In an order that will have a bearing on all foreign companies dealing with Indian entities, the Authority for Advance Ruling (AAR) More

Sebi has introduced stringent penalties at the rate of 0.07% for delays in mark-to-market (MTM) margin payments by traders. More

After series of initiatives to lower the prices of petro products, steel and edible oils, the finance ministry may now find it difficult to defend the higher import duties More

Reliance Infocomm, the telecom arm of the fabrics-to-oil Reliance group, is raising more than $1bn via foreign loans to fund its expansion More

After running into trouble with the department of telecom, Cellular major Hutchison's consolidation plans seem to be on track. More

Steel Authority of India (SAIL), has finally decided to merge its wholly owned arm, the Burnpur-based Indian Iron and Steel (Iisco) with itself. More

Electronics major Philips is merging its three independent arms - Philips India Ltd., Philips Medical Systems and Philips Software System -into a single entity More