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HindustanTimes Mon,15 Sep 2014

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Final call on thorny tax avoidance rules and GAAR likely by Feb 2015

The Centre is likely to take a final call on the controversial General Anti Avoidance Rule only by next February. The decision may well be announced by finance minister Arun Jaitley in his next budget presentation.

New five-year foreign trade policy by September-end

The export policy is also likely to have incentives for 'domestic value addition' — the proportion of exports truly produced in India that will be dovetailed with the 'Make in India' programme.

Airbus to maintain Vistara fleet; AirWorks may bag MRO deal

The Tata-Singapore Airlines venture Vistara has outsourced its engineering support services to original equipment maker Airbus and is also negotiating with homegrown AirWorks for maintenance, repair and overhaul (MRO) of its fleet.

HDFC Bank to send debit card PINs via SMS

As part of its 'go-green' initiative, HDFC Bank has started sending PIN, unique code number, for debit card holders through SMS instead of the practice of sending it by post.

FIIs pour in Rs. 17K cr in two weeks of September

Continuing to bet on the government's reforms agenda, overseas investors have pumped in a whopping Rs. 17,000 crore in the Indian capital market since the beginning of September.

Blackmoney: SIT empowers ED to check huge forex violations

To check large-scale foreignexchange violations and generation of slush funds, a Special Investigation Team (SIT) on black money has asked RBI and Enforcement Directorate (ED) to jointly take on cases of huge exports outstanding.

IIP growth hits 4-month low of 0.5% in July, inflation dips

India's industrial production grew 0.5% in July - its slowest pace in four months - dragged down by weak mining and consumer and capital goods output, indicating that the slowdown in Asia's third-largest economy could be stickier than thought.

BSE midcaps hit 10K after 6 years, NSE midcaps at new high

The rally in midcap stocks on India's premier bourses hit a new peak on Friday, with the NSE CNX midcap index closing at a record 11,916.3, and the BSE midcap index regaining the 10,000 mark after six years.

Rupee surges 28 paise to end at 60.65 against US dollar

The Indian rupee on Friday gained 28paise, notching up its best daily gain in a month, to end strong at 60.65 against the greenback on heavy dollar selling by banks and exporters amid positive cues from equity markets.

Sensex reclaims 27,000 mark, Nifty above 8,100

Markets on Friday snapped a three-day losing run with Sensex rising 65 points to reclaim 27,000-mark and Nifty gaining 20 points to end above 8,100-level on buying in select bluechips ahead of IIP and retail inflation data.

Now, General Motors head Mary Barra calls on Modi

Mary Barra, the first woman to head US car major General Motors, on Thursday met Narendra Modi, joining the league of global CEOs such as Mitsubishi Corp’s Ken Kobayashi who has met the PM.

GST set to be rolled out by April 2016

India’s biggest tax reform initiative — Goods and Services Tax — has entered the final leg of implementation with the government planning to announce a roadmap to roll out the new indirect tax regime by April 2016.

Mercedes-Benz launches E350 at Rs. 57.4 lakh onwards

Luxury carmaker Mercedes-Benz on Thursdaylaunched an upper-end variant of its flagship luxury sedan E-Class in diesel version -- E350 -- making it the eighth of the planned 10 launches this year.

Sensex falls for third consecutive day, heathcare stocks fall

Heavy selling pressure was seen in healthcare, metal, oil and gas, technology, entertainment and media sectors, while healthy buying was observed in automobile, capital goods, banks, power and IT.

Rupee recovers 11 paise against dollar in early trade

The rupee recovered by 11 paise to trade at 60.84 against the US dollar in early trade on Thursday on selling of the American currency by banks and exporters.
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