Taxes will be collected in just and fair manner: Finance ministryFinance Ministry today assured taxpayers that efforts would be made to end hostile relationships between officials and assessees and collect revenue in a "just and fair manner".
'Service sector growth fastest in a year'Activity in India's service sector expanded at the fastest pace in a year last month, driven by rising foreign orders, but businesses were a little less optimistic about the future, a survey showed on Tuesday.
Agencies blamed for high ratings to subprime bondsS&P, Moody's and Fitch have long faced criticism from investors, politicians and regulators for assigning high ratings to thousands of subprime and other mortgage securities that quickly turned sour.
Bharti to buy Alcatel-Lucent stake in JVBharti Airtel, India's largest private telecom firm, on Tuesday said it will buy out Alcatel-Lucent's entire stake in a joint venture company that manages the fixed-line and broadband network for Bharti.
Times Network ties up with MSMDIn a significant move aimed at spurring the growth of its Pay TV business, Times Television Network (TTN) has entered into a strategic alliance with India's leading distribution company MSM Discovery Pvt Ltd.
Refineries denied insurance over Iran crudeMRPL and Chennai Petroleum Corporation are facing a crisis situation with reinsurers stating that their coverage will not be available to any company processing Iranian crude.
Banks may have to reissue lakhs of credit cardsThere is, however, hope for consumers who feel they have been cheated.Banking sources say that where it is established that the consumer is not at fault, they don't have to bear the loss.
Hiranandani offers to buy out London-listed arm HircoRealty firm Hiranandani has offered to buy out its London AIM-listed investment arm Hirco Plc.
V-Mart IPO fully subscribedThe initial public offer of New Delhi-based department store chain V-Mart Retail was subscribed 1.19 times largely helped by institutional investors.
Kingfisher Airlines posts Rs 755cr loss in Q3Grounded Kingfisher Airlines (KFA) on Tuesday reported a loss of Rs 755 crore in the October-December, 2012, period - the first quarter when it did not fly.
GSK hikes stake in India arm to 73%British drug giant GlaxoSmithKline plc (GSK) has increased its stake in GlaxoSmithKline Consumer Healthcare, its publicly-listed consumer healthcare subsidiary in India, from 43.2% to 72.5% in a transaction valued at Rs 4,800 crore.
New India mulls householder productsNew India Assurance, the country's largest non-life insurer, is planning to come out with householder insurance products in anticipation that the government might come out with some kind of tax breaks.
Warren Buffett company FlightSafety enters IndiaFlightSafety International, one of the world's leading aviation training companies and promoted by Warren Buffett's Berkshire Hathaway, has established operations in India through a consultancy and licensing agreement with Bangalore-based Aviators India.
Manjushree becomes executive VC at KesoramThis could be the final touch to the much-talked-about succession plan of the business empire of Basant Kumar Birla.
H&M, Topshop in final India retail pushSwedish fast-fashion giant Hennes & Mauritz (H&M) has asked leading mall developers to block space for its initial stores in India.
With HDFC & SBI cutting rates, other banks may follow suitWith HDFC cutting its home loan rates by 10 bps, if we consider an average home loan size of Rs 35 lakh in the metros, the monthly savings on EMIs for the home owner will be Rs 245, translating to an annual savings of Rs 2,940.
NTPC stake sale at Rs 145 per shareThe government on Tuesday set a floor price of Rs 145 a share for the 9.5% stake in generation utility NTPC that would be put on the block on Thursday with the aim of mopping up Rs 12,000 crore.
Cremica set for stake sale post family rejigA big stake sale is in the offing at Cremica Group, one of the largest homegrown food companies, following a family settlement at the Punjab-based maker of biscuits and ice-creams.
Rupee at near 4-month highThe rupee today hit an over three- and-a-half-month high of 53.13, up 15 paise, on renewed dollar selling and recovery of euro against the US currency overseas.
Power supply at KFA's head office snappedThe power supply to the Mumbai head office of Kingfisher Airlines was snapped this morning for non-payment of bills, sources said.
Barclays takes another $1.6bn hit for mis-sellingBarclays set aside another 1 billion pounds to compensate customers for mis-selling products, dropping another British banking bombshell as the industry struggles with the scale of redress for past misdemeanors.
SBI grabs top slot among EPFO fund managersState Bank of India has outperformed private sector peers, including HSBC AMC and Reliance Capital AML, in managing retirement fund body EPFO's corpus.
Sensex falls 91 points to 1-month lowExtending losses for the fourth straight day, the BSE benchmark Sensex today fell by over 91 points to end at one-month low level of 19,659.82 due to selling in ITC, RIL and ICICI Bank amid weak Asian cues.
Luxury market in India may touch $15bn in 2 yearsIrrespective of the continued global economic slowdown, the luxury market in India is pegged to grow at 25% in 2013 till 2015 and likely to touch US$ 15 billion from the current level of US$ 8 billion, reveals the Assocham-Yes Bank study.
Wipro unveils aerospace actuator production facilityIn the first phase, the plant set up in a 7.2 acre campus with an initial investment of Rs 65 crore, will have an initial capacity to produce 2,000 actuators a year.
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