CORPORATES

  • Union Budget 2015: Corporate tax to be cut by 5 per cent in 4 years; no change for individuals Yesterday

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a 5 per cent reduction in corporate tax over next four years, abolished wealth tax and replaced it with an additional 2 per cent surcharge on super-rich individuals, while increasing service tax that will result in higher cost of variety of...
  • Budget focuses only on corporates,income tax payers: P Chidambaram Yesterday

    New Delhi: Accusing Finance Minister Arun Jaitley of pleasing just the corporates and the income-tax payers, his predecessor in the UPA regime P Chidambaram on Saturday said the Modi government's first full Budget has failed the fiscal test, the test of equity, and the test of rising inequality. ...
  • More raids being conducted in corporate espionage scandal case 5 days ago

    New Delhi: The Delhi Police is conducting more raids at the premises of various private companies allegedly involved in the case. It is conducting raids at the Coal and Power ministries to uncover more evidence. The police have uncovered a crucial link in the investigation after it arrested an energy consultant...
  • Corporate espionage case: Police record 2nd FIR, raids coal, power ministry offices 6 days ago

    New Delhi: Tightening the noose in the corporate espionage case, an energy consultant Lokesh has been arrested for allegedly leaking information from the Coal and Power Ministry. The consultant will be produced in court on Monday. Lokesh used to work with an energy consultant firm called Infraline based out of...
  • Remove secrecy regarding decision making to rid India of corporate espionage cases: Assocham 1 week ago

    New Delhi: Three days after the Delhi Police busted a corporate espionage ring over leak of Ministry of Petroleum and Natural Gas document, trade body Assocham said the only way to rid India of such cases is by removing the secrecy regarding decision making. In a statement released, the organisation...
  • 5 arrested in Petroleum Ministry documents leak case sent to 3 days of police custody February 21, 2015

    New Delhi: Five corporate employees accused of procuring Ministry of Petroleum and Natural Gas documents fraudulently have been sent to three days of police custody. The police informed the court that the documents pertain to national security and may slap the 'Official Secrets Act' on the accused. Intelligence agencies have been...
  • PMO asks intelligence agencies to strictly probe officers in Oil Ministry document leak case February 21, 2015

    New Delhi: After Delhi Police arrested 12 officials over the leak of documents from the Oil Ministry, the Intelligence agencies on Saturday were warned by the Prime Minister's Office to strictly probe officers involved. The list with the names of almost 15 joint secretary level officials is with PMO and...
  • 5 arrested in Petroleum Ministry documents leak case to be presented in court February 21, 2015

    New Delhi: Five corporate employees accused of procuring Ministry of Petroleum and Natural Gas documents fraudulently will be presented in court on Saturday. Sources said that all 12 suspects arrested by Delhi Police, which busted the corporate espionage ring, have claimed that they passed the documents accessed to their seniors. A...
  • Seven arrested for leaking Petroleum & Natural Gas Ministry documents February 20, 2015

    Delhi: Seven people have been arrested for being involved in leaking documents of Ministry of Petroleum & Natural Gas. Those arrested include a former business journalist running a petro website, a Melbourne-based energy consultant and a government official. According to Delhi Police Commissioner BS Bassi investigations are on to ascertain if...
  • Human factor behind Sukhoi-30 MKI crash: Manufacturer February 19, 2015

    Bengaluru: "Human factor" was responsible for the crash of the Sukhoi-30 MKI in October last year that led to the grounding of the entire fleet of India's frontline fighter plane for a month, according to the manufacturer. "Out stand is human factor," said Vitaly Borodich, Vice President (Military Sales) of...
  • Sukhoi-30 aircraft crash: Russia blames human factor; IAF denies February 19, 2015

    Bengaluru: Russia on Thursday blamed "human factor" for the crash of a Sukhoi-30 MKI fighter aircraft in October last year that led to the grounding of the entire fleet of India's frontline fighter plane for a month, a charge denied by the Indian Air Force. "Our stand is human factor,"...
  • Swine flu claims 12 more lives in Gujarat; toll rises to 136 February 15, 2015

    Ahmedabad: Swine flu on Saturday claimed 12 more lives in Gujarat, taking the toll to 136 since January, while 130 new cases were reported, officials said. Today's deaths were reported from Ahmedabad (4), Surat (3) and one each from Kutch, Vadodara, Navsari, Arvalli and Gandhinagar districts, a government statement said. The total...
  • PM Modi promises more reforms; rolls out red carpet to investors February 14, 2015

    Pune: Ahead of the Budget, Prime Minister Narendra Modi on Saturday assured investors more reforms as he rolled out the red carpet to multinationals, inviting them to make use of the large pool of highly talented youth in the country. "I invite all those who want to participate in the economic...
  • Delhi metro services to start at 4 am on polling day February 6, 2015

    New Delhi: Delhi Metro will start operations at 4 am on February 7, the day of polling for Delhi Assembly elections. Trains will run at an interval of 30 minutes till 5.30 am on all its lines. The frequency will increase and trains will start running as per the normal schedule...
  • Cut salaries of staff responsible for flight delays: Government tells Air India February 3, 2015

    New Delhi: With employees found responsible for up to 15 per cent of Air India's flight delays, the airline has been directed by the government to penalise them by cutting salaries in a bid to fix accountability. The state-owned airline, meanwhile, said that it is...
  • Minority shareholders voting on Gujarat plant in 6 months: Maruti January 27, 2015

    New Delhi: Maruti Suzuki India expects to obtain minority shareholders approval on its plans to let parent Suzuki Motor Corporation own and invest in its upcoming plant in Gujarat in the next six months. The company, which had delayed seeking the approval for the same, is awaiting the amendments to...
  • 8 Indian companies in Fortune 500 spend $81 million a year on CSR: report January 18, 2015

    New Delhi: As many as eight Indian companies in Fortune Global 500 list including Reliance Industries and ONGC spend as much as $81 million a year on Corporate Social Responsibility (CSR) activities, a report says. According to a report published by the Varkey Foundation in partnership with UNESCO, while, the eight...
  • Corporate fraud in India rose 45 per cent last 2 years: Study January 14, 2015

    New Delhi: Corporate frauds rose by over 45 per cent in India in the last two years and the lurking risk has been dissuading global companies from investing in India, said a study. Corporate frauds arose out of corruption, money laundering, tax evasion, window dressing, financial reporting fraud and bribery...
  • Government likely to sell 10 per cent stake in Indian Oil Corporation this fiscal January 14, 2015

    New Delhi: The government is likely to sell 10 per cent of its stake in Indian Oil Corp, the nation's biggest company, this fiscal to raise about Rs 8,150 crore. The Department of Disinvestment (DoD) has circulated a draft note for the consideration of the Cabinet Committee on Economic Affairs...
  • Rajagiri National Business Quiz 2014: Quizzing minds from across India converge December 21, 2014

    In the fifth edition of the Rajagiri National Business Quiz 2014, quizzing minds from across India converge. Corporate and student teams vie for top honours. ...
  • Delhi HC orders free liver transplant for poverty-stricken 10-year-old boy December 20, 2014

    New Delhi: The Delhi High Court on Friday directed the Institute of Liver and Biliary Sciences (ILBS) to immediately commence free treatment of a 10-year-old patient who urgently needs a liver transplant. Justice Vibhu Bakhru also directed Employee's State Insurance Corporation (ESIC) to consider the case of the kid for grant...
  • Hyderabad: Sliding doors in buses to segregate men, women to stop harassment in public transport December 4, 2014

    New Delhi: Harassment of women in public transport is a growing menace. The tragic rape and murder of the Delhi braveheart in a moving bus was an incident that shook the nation. In an effort to stop such incidents and to ensure safety of women, the city buses in Hyderabad...
  • Civic bodies to bring ragpickers under formal organised system December 1, 2014

    New Delhi: In a bid to integrate and offer better working conditions to kabadiwalas and ragpickers in the national capital, civic body officials are working on a scheme to bring them under a formal organised system. The South Delhi Municipal Corporation along with its East Delhi counterpart is going to start...
  • Modi government should take up Bhopal gas tragedy issue with Obama: Amnesty International Secretary General November 30, 2014

    Bhopal: Two days before world's worst industrial disaster's 30th anniversary, Amnesty International Secretary General Salil Shetty on Sunday said that the Narendra Modi-led NDA government should raise issues pertaining to the Bhopal Gas tragedy with US President Barack Obama during his visit to India in January next year. "It is time...
  • Mumbai: BMC votes to stop builders denying flats on food preferences November 29, 2014

    Mumbai: The Brihanmumbai Municipal Corporation (BMC) has passed a resolution wherein any builder denying flats on the grounds of food preferences, caste or religion of the occupant will face action which includes revocation of development-related permissions. However, BJP, which is ruling BMC in alliance with Shiv Sena, was left isolated when...
  • Uttar Pradesh: Acid thrown on woman corporator in Bareilly November 28, 2014

    Bareilly (UP): A woman corporator was seriously injured when some persons allegedly threw acid on her in Faridpur area due a money-related dispute, police said. The incident took place last night when corporator of Para, Muskan Devi (35), who used to run a shop in her house with her husband Sonu,...
  • BJP adamant on holding Amit Shah Kolkata rally November 27, 2014

    Kolkata: Notwithstanding the Kolkata Municipal Corporation (KMC) and the fire department denying permissions, the BJP on Thursday said it will go ahead with the proposed on November 30 city rally of its national president Amit Shah. Claiming that West Bengal Chief Minister was "afraid" of rise of the party, Bharatiya Janata...
  • Jaipur: Rajasthan boy hangs himself after teacher beats him up November 24, 2014

    Jaipur: A 16-year-old student of a state-run school in Rajasthan has committed suicide allegedly due to humiliation, harassment and beating by a teacher. The teacher was arrested, police said on Monday. The incident took place on Saturday in Rampuria village in Baran district, over 290 km from here. Dilkush Saharia, a Class...
  • Delhi government puts ban on purchase of new vehicles for officials November 23, 2014

    New Delhi: As part of an austerity measure, the Delhi government has imposed a ban on purchase of new vehicles for all officials, including those of civic bodies in the city, until the old ones complete their required life cycles. As per the new move, officials are also not supposed to...
  • Delhi-Kathmandu bus service to begin during PM Modi's Nepal visit November 20, 2014

    New Delhi: Delhi Transport Corporation (DTC) is all set to launch the Delhi-Kathmandu bus service around the same time when Prime Minister Narendra Modi will be on his two-day visit to Nepal for the SAARC summit on November 26-27. A DTC team is already in Nepal to finalise the route, halting...