WEAKENING inbound investments and dwindling PE deals have hit the Indian legal services sector. “The slowdown in the M&A and private equity has affected the volume of transactions that are bei More

JUDGES in the Supreme Court and high courts will now draw salaries almost three times higher than their present levels. The hike, approved by the union cabinet, comes in the wake of an increase in s More

THE government plans to do away with its mandatory Cabinet Committee on Economic Affairs’ (CCEA) approval for foreign investment proposals involving amounts above Rs 600 crore and up to Rs 1,000 c More

NATIONAL Mineral Development Corporation (NMDC), the country’s largest iron ore producer, is considering to slash prices of the mineral by 40% due to slowdown in demand by steel manufacturers. The More

THE liquidity crunch faced by non-banking finance companies (NBFCs) has impacted disbursements by these financial sector intermediaries. More

The Supreme Court has pulled up the income-tax department for initiating wrong proceedings against Khoday Distilleries over transfer of more than 24 lakh shares to its seven investment companies, wh More

EXPORTERS can now get their service tax refunds much faster. The Central Board of Excise and Customs (CBEC) has further relaxed the procedures for refund of tax paid on specified services used for e More

INTEREST rates across the system are set to dip sharply from January with the country’s largest lender, State Bank of India (SBI), reducing its prime lending rate (PLR) by 75 basis points and depo More

No bail will be granted to a person arrested under the Unlawful Activities (Prevention) Amendment Act. A Bill in this reg More

Following is the text of the statement issued by the Finance Ministry on inflation. “Annual rate of inflation, year More