With the four-day strike coming to an end at Jawaharlal Nehru Port Trust (JNPT) on Thursday evening, the ministry of shipping is set to draft a policy on the lines of Maharashtra government’s resettlement and rehabilitation (R&R) policy for the oustees, who were affected during the setting up of JNPT in the eighties.
The strike at Jawaharlal Nehru Port Trust (JNPT) may well impact the budget nod to raise Rs. 5,000 crore through tax-free bonds, industry trackers have said.
Utility vehicle major Mahindra & Mahindra on Friday announced the formation of two separate joint ventures in defence sector with a targeted investment of Rs. 200 crore in the two entities. The firm is aiming for a minimum turnover of $1 billion (Rs 5,000 crore) in the next ten years.
Two-wheeler maker India Yamaha Motor today reported a 14% increase in its total sales at 41,886 units in March 2012.
Multi-national corporations are learnt to be re-evaluating their investments in India following the budget announcement that empowers taxmen to scrutinise even 50-year-old corporate deals.
Gaurav Choudhury reports.
Tax queries on FM station
RBS has indicated that it will not be in a position to retain the entire staff when its retail banking division in India is absorbed by HSBC India.
Private insuarnce majors have shied away from launching individual pension policies in the current fiscal after the Insurance Regulatory and Development Authority (IRDA) made it manadatory for them to offer a guaranteed return of 4.5%.
The Competition Appellate Tribunal (Compat) has directed anti trust body Competition Commission of India (CCI) to determine “the extent and manner,” in which DLF needs to modify buyer agreements in its ultra-luxury projects Belaire and Park Place at Gurgaon.
Even as the government mulls over attaining a general consensus on opening up foreign direct investment (FDI) norms in multi-brand retail, the world’s largest retailer, Wal-Mart, is slowly expanding its footprint in India. Rachit Vats reports.
Shares of Titan Industries soared by 8% in the morning trade on the BSE today as the government allowed the company to import gold directly. Shares of the Tata Group firm shot up to
Rs. 247 on the BSE.
Goldman Sachs Group's indicted former director Rajat Gupta has won a court order requiring prosecutors to share information that might help his case, but lost a bid to suppress wiretap evidence.
The two-day Mint Luxury Conference, now in its fifth year, saw the most well-heeled of society and the Indian industry huddling up to share notes and brainstorm on luxury in the environs of Taj Land’s End, Mumbai.
PepsiCo's Indian-born chairman and chief executive Indra Nooyi received $17.1 million in compensation in 2011, a 5.8% increase from her 2010 package, according to a regulatory filing.
Barista Lavazza is hoping to turn a catch-up tortoise in a race with Café Coffee Day (CCD), which has clearly bolted ahead like the proverbial hare. The cafe majors entered the market almost together but their gap has widened ever since.
Rachit Vats reports.
It’s getting hot!Africa is fast emerging as Corporate India's next growth destination as companies queue up to invest in the continent where firms from populous neighbour China have already made significant strides. Vivek Sinha reports.