The list of 260 entities which were barred by the capital market regulator on Friday contains many habitual offenders. First Financial Services has on previous occasions been pulled up by the BSE, NSE and the Securities and Exchange Board of India (Sebi).
Economic advisers in the finance ministry conceded that the budget for 2014-15 overestimated tax collections by Rs 1.05 lakh crore due to wrong projections of nominal economic growth and tax buoyancy.
IT major Infosys' decision to appoint Ritika Suri as its head of mergers & acquisitions reflects the new found aggression of the Bangalore-based company in the M&A landscape.
Markets ended the week on a flat note with positive bias tracking strong global cues and macroeconomic revovery. During mid-week, markets cheered on signals from the FOMC stating that the US central bank will not raise interest rates in near future.
Inventory losses on crude oil stocks that had hurt the balance sheets of Oil Marketing Companies (OMCs) in the second quarter will continue to impact their financials in the third quarter as well; and the impact would only be stronger this time.
The ban on fracking by New York state is a double whammy for India’s largest private firm, Reliance Industries, which has invested $7 billion in the US shale gas sector after the 45% fall in crude oil prices.
Unions in the banking sector have announced five day strike next month to demand early resolution of their wage hike negotiations, said the All India Bank Employees'Association (AIBEA).
Steel industries operating without iron ore leases or firm linkages at last have a reason to cheer. The units have been allotted 4.2 million tonne of iron ore by the end of this fiscal to run their units starved of the raw material.
Dr Reddy’s Laboratories has closed the acquisition of Habitrol brand, an over-the-counter nicotine replacement therapy transdermal patch, from Novartis Consumer Health Inc, following the issuance of the consent order from the US Federal Trade
Tata Chemicals, the 75-year-old company, is planning to expand its consumer and agro business. In the consumer segment, the company is eyeing a four-fold rise in revenues in the next three to four years.
Suven Life Sciences Limited chairman and chief executive officer Venkat Jasti, along with his family members, has transferred the entire 59.44 per cent equity held by the promoter group to his father Subba Rao Jasti, according to a disclosure filed with
With only small single digits of retail savings coming into the stock market, there’s a great scope for better retail participation in the market.
He is being touted as the “white knight&" who can revive the fortunes of SpiceJet, the airline he had once helped build.
With an eye to unbundling the power distribution and transmission sector and opening it to competition, the government on Friday tabled the Electricity Amendment Bill, 2014, in the Lok Sabha.
The priThis year, private equity (PE) funds pumped in $11 billion into Indian companies, 11 per cent more than last year, according to a report by Grant Thornton.
Infrastructure finance company IDFC Ltd is planning to cut stake in IDFC Infrastructure Debt Fund (IIDF), its wholly-owned subsidiary, to 49 per cent. Sources said IDFC was in talks with foreign investors in this regard.
HDFC Bank and Ratnakar Bank (now known as RBL Bank) on Friday got clearance from the Foreign Investment Promotion Board (FIPB) for their respective foreign direct investment (FDI) proposals.
The Union Cabinet’s approval to the Constitution amendment Bill for implementing the goods and services tax (GST) earlier this week has paved the way for the Bill’s introduction in Parliament.
Life insurance companies have sought a separate tax deduction limit of Rs 1.5 lakh in an effort to make this asset class more taxpayer friendly.
Shares climbed for a second session on Friday, buoyed by gains in the global markets that ended their last full week of 2014 on a high after the US Federal Reserve's decision on Thursday to hold on to lower rates for longer.