THE department of industrial policy and promotion (DIPP) has formally issued its controversial new guidelines for calculation of foreign investment in Indian companies. The new guidelines enumerated u More

THE more the government simplifies norms for foreign investment, the harder it gets for foreign capital to enter India. At least that is the case with the latest Press Notes (Nos. 2 and 3 of 2009) i More

TALKING tough on political corruption, a city court has awarded three years of imprisonment to the former union minister Sukh Ram for amassing properties amounting to Rs 4.25 crore disproportionate More

The Supreme Court has held that while granting anticipatory bail, courts cannot impose irrelevant conditions on the husband such as directing him to pay maintenance, along with arrears, to the wife. More

The Carriage by Air (Amendment) Bill 2008 stands amended by the Parliament after it was passed by the Rajya Sabha. It now paves the way for India to accede to the Montreal Convention, 1999. The Bill More

The Union Cabinet gave its approval for amendment of clause (a) of Section 2 of the Civil Defence Act, 1968 relating to definition of ‘civil defence’ so as to bring within its scope the ‘Disas More

The Union Cabinet gave its approval to the proposal of Department of School Education & Literacy, Ministry of Human Resource Development regarding introduction of ‘The Right of Children to Fre More

STATE-RUN oil companies have slashed jet fuel prices by an average Rs 1,206 per kilolitre across cities, a company official said. This amounts to an average 3.8% fall in ATF prices. “After t More

The stage is set for Indian entrepreneurs to enjoy the benefits of the most flexible way of organizing businesses with the government finalizing the tax code for limited liability partnerships. More

INDIAN IT sector’s impressive compounded growth rate of 30% plus during the last three to four years had slumped to 20% due to global meltdown, according to Infosys co-chairman Nandan M Nilekani. More

SATYAM Computer Services has won crucial approvals to increase its capital base and rope in strategic investors, setting the stage for what is likely to be a keenly-contested bid war critical to ens More

A COMBINATION of declining bank rates and improving credit lines is prompting many companies to reduce interest rates on public fixed deposit (FD) schemes floated some months ago, when money supply More

AFTER causing a stir in the home loan market, the State Bank of India (SBI) has once again surprised competitors by slashing interest rates on loans for new cars. The country’s biggest bank has al More

THE government has asked the US-based mortgage insurance company Genworth Financial to divest 51% stake in its Indian arm to domestic partners, following the guidelines of the Reserve Bank of India More

SATYAM’S prized possessions, both clients and employees, are slowly slipping away. Coca-Cola and GlaxoSmithKline (GSK) are the latest to exit the company. While Capgemini has already bagged the $1 More

MORE than 4.4 crore subscribers of the Employees Provident Fund (EPF) will receive a payout of 8.5% interest rate for fiscal 2009, the third year in a row. The Fund’s Central Board of Trustees (CB More

MORTGAGE giant HDFC has made it expensive for home borrowers choosing to switch over to another bank. The institution has started charging borrowers up to 3 More

The government has cleared a proposal to set up 10 new special economic zones (SEZs), which include those of infrastructure major Larsen & Toubro. The board of approval (BoA) chaired by commerce More

CHEAPER housing, TV sets, phone bills, visits to the beauty parlour. Such is the consumer bounty arising from the third fiscal stimulus package announced by the government in the form of Rs 30,0 More

FM Pranab Mukherjee, who had refrained from tweaking the tax rates while tabling the interim budget, also made it clear that the 4% across-theboard cut in excise duty, which was announced as a part More

HOSPITAL chain Fortis Healthcare has entered into a management contract with Apollo Modi Hospital, a 200-bed high-end hospital in Rajasthan, earlier run by rival firm Apollo Hospitals. This is the sec More

NALANDA India Capital, a Singapore-based investment fund run by ex-Warburg Pincus India head Pulak Prasad, has acquired more than ten lakh shares in outsourced product development firm Aztecsoft fro More

Punjab National Bank (PNB) has tied up with Hyundai Motor India to offer car loans to new buyers. “The tie-up will help both the partners to reach out to a wider market and make loans convenient a More