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  • Sensex edges higher; defensive stocks up

    24 February, 2015 8:25 AM 11

    MUMBAI (Reuters) - The BSE Sensex edged higher as investors churn portfolio in favour of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week.The February derivatives contracts will expire on Thursday, while economic survey data will be released on Friday and the budget will be unveiled on Saturday.Consumer companies such as India's

  • Centre accepts Finance Commission recommendations

    24 February, 2015 8:22 AM 9

    The Modi Government has accepted the 14th Finance Commission’s (FFC) recommendation that the Centre should transfer 42 per cent of divisible pool to the states, including taxes, grants and so on. The recommendation is for the five-year period 2015-16 to 2019-20. The 13th Finance Commission had suggested these transfers to be at 39.5 per cent. “The Government

  • बैंक कर्मियों की धमकी के आगे झुकी मोदी सरकार, बढ़ेगी ग्राहकों की परेशानी

    24 February, 2015 8:21 AM 12

    इसके बदले बैंककर्मियों को महीने के पहले और तीसरे शनिवार को पूरे दिन काम करना होगा. पहले उनकी शिफ्ट महीने के चारो शनिवार को आधे दिन की होती थी. वेतन बढोत्तरी के समझौते की वजह से देश के सरकारी क्षेत्र के बैंकों पर सालाना 4725 करोड़ रुपये का बोझ पड़ेगा. ऑल इंडिया बैंक ऑफिसर्स एसोसिएशन (एआईबीओए) के प्रमुख एसएस सिसोदिया ने बताया कि आईबीए बैंककर्मियों के वेतन में 15 फीसदी

  • Yellen faces Senate grilling on Fed rate policy, transparency

    24 February, 2015 8:04 AM 6

    By Michael Flaherty and Howard SchneiderWASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from U.S. lawmakers aimed at revealing details about the Fed's timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank. Yellen will likely give away little in her prepared

  • स्पाइसजेट के प्रवर्तक के तौर पर अजय सिंह की वापसी, मारन बाहर

    24 February, 2015 8:01 AM 10

    स्पाइसजेट के मूल प्रवर्तक, सिंह अब पुनरुधार योजना के तहत फिर से नेतृत्व की स्थिति में आ गए है. इस योजना के तहत इस कम किराए वाली विमानन कंपनी में 1,500 करोड़ रुपए डाले जाएंगे. बंबई शेयर बाजार में मंगलवार के कारोबार में स्पाइसजेट का शेयर एक प्रतिशत से अधिक चढ़कर 24.35 रुपए पर चल रहा था. स्पाइसजेट ने शेयर बाजार को दी गई जानकारी में कहा कि शेयर बिक्री और खरीद समझौते

  • Greece has sent reform plans, a "valid starting point"

    24 February, 2015 8:00 AM 9

    BRUSSELS (Reuters) - Greece has sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday.Greece needed to present its plans as a condition for extending its bailout programme for an additional four months, in a deal struck with euro zone partners

  • HSBC’s India headcount up by 1,000; US staff size down

    24 February, 2015 7:45 AM 20

    At the centre of a probe into black money allegedly stashed by Indians in Swiss banks, global banking giant HSBC increased its headcount in India by 1,000 last year to 32,000 - the second highest after the UK. As per the bank’s latest annual report, it had a total worldwide workforce of 2, 66, 000 full-time and part-time employees at the end of 2014. This marked

  • Markets riding for a fall unless budget delivers

    24 February, 2015 7:09 AM 12

    By Suvashree ChoudhuryMUMBAI (Reuters) - Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013.Prime Minister Narendra Modi's election victory nine months ago resulted

  • 42 percent of resources to go to states

    24 February, 2015 7:08 AM 12

    The NDA government today (24 February) tabled the report of the Fourteenth Finance Commission headed by YV Reddy, former Governor of the Reserve Bank. The main highlights of the report, laid out in the Lok Sabha, are a greater devolution of financial resources to the states. The Union Budget for 2015-16, to be presented in parliament on 28 February

  • Rational tax policy will help put India on investors radar, says Acer

    24 February, 2015 6:32 AM 19

    By S RajendranDemand shifts quickly in the consumer electronics market, and new products get launched and several mega-trends impact the future of the electronics industry. To boost manufacturing as part of the 'Make in India' campaign,the new government is likely to address in the forthcoming budget the issue of the rational duty structure, especially