Finance Minister Pranab Mukherjee has reassured US investors that proposed changes to India's tax law were meant to reduce uncertainty. ...
09:10 AM, Apr 21, 2012
New Delhi: The cabinet is unlikely to consider a proposal to allow foreign airlines to invest in domestic carriers before the end of May, a cabinet minister, who asked not to be named, told reporters. The ruling Congress party's biggest ally - Trinamool Congress - is opposing the proposal, the minister said, adding that the decision depended on the ally's consent. Indian airlines, facing a debt-load of $20 billion and...
06:11 PM, Apr 20, 2012
New Delhi: Finance Minister Pranab Mukherjee on Saturday asked capital markets regulator SEBI to diligently protect the interest of retail investors. "He (the Finance Minister) has directed us to be very careful towards protecting interest of small investors and also work towards market regulation and development," SEBI Chairman UK Sinha told after a board meeting. The meeting was chaired by Mukherjee. The board discussed the future agenda and expectations of...
12:48 AM, Mar 25, 2012
San Francisco: Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years. The world's most valuable company will start paying its first dividends since 1995 - a regular quarterly payout of $2.65 a share - in July, and buy back...
03:29 AM, Mar 20, 2012
New Delhi: The Corporate Affairs Minister has ordered an inquiry into its books following complaints from numerous investors against real estate major DLF. The senior officials of the ministry say they've received several complaints alleging that there are anomalies in the company's books. Sources says that SEBI has sent a reference to the Ministry in this regard. The Companies Act empowers the ministry to call and scrunitise a company's books....
06:32 AM, Mar 02, 2012
Mumbai: Swati Khandelwal of CNBC-TV18 struck up a conversation with SBI chairman, Pratip Chaudhari about the Kingfisher saga. Check out his comments. Below is the edited transcript of the interview. Q: You had a meeting with the Kingfisher management last week where SBI Caps did show their viability report. What's your response on the report and the concerns that you have raised on the same? A: It's very easy to...
09:12 AM, Feb 29, 2012
New Delhi: Two directors of a marketing company, Gold Sukh, have been arrested in Rajasthan. They are alleged to have duped investors in a Rs 300 crore scam, which according to the police is spread across nine states. Directors Jagdish Sharma and Rameshwar Prasad are alleged to have promised investors over 27 times return on their deposit to buy gold. Hundreds of agitated investors protested outside outside the Gold Sukh...
09:15 AM, Nov 24, 2011
Mumbai: Moody's Investors Service has changed its outlook for India's banking system to "negative" from stable citing concerns of increasingly challenging operating environment that is likely to adversely hit asset quality, capitalisation, and profitability. "A "negative" outlook is one that is characterised by volatility and uncertain conditions," Moody's said in the statement on Wednesday. "With asset quality, given the tightening environment, we anticipate that it will deteriorate over the next...
12:23 PM, Nov 09, 2011
London: Greece, India, China and Thailand are home to the weakest national pension systems in the world, crippled by a mix of acute sovereign debt, young retirement ages, high ratios of pensioners to workers and poor pension take-up, a study showed. The Allianz Global Investors Pension Sustainability Index, which tracks the relative sustainability of national pension systems in 44 countries around the world, showed the number of Greek retirees to...
10:27 AM, Nov 08, 2011
New Delhi: Wooing global investors by easing FDI procedures, the Reserve Bank on Friday said that transfer of shares between Indians and non-residents would not require its permission in several key areas like financial services. Amending the Foreign Exchange Management Regulations, the RBI said that its prior permission would not be necessary where the company whose shares are being transferred is engaged in any financial service. "This is a welcome...
07:21 PM, Nov 04, 2011
Mumbai: In a historic order, the SEBI appellate tribunal ruled that Sahara Group would have to repay over Rs 24,000 crore it had collected in the form of optionally convertible debentures. However, investors still feel there's very little hope of getting their money back. One of the investors, Anil Upadhyay, has little hopes despite the SEBI tribunal asking the company to return the money within six weeks. "There are thousands...
09:28 AM, Oct 20, 2011
An Apple investor talks on how the company shares might be affected after the co-founder's death. ...
10:50 AM, Oct 07, 2011
Washington: Bipartisan support is growing to allow private companies to quickly tap thousands of small investors through a strategy called "crowdfunding." The Obama administration and Republican lawmakers have drafted legislation that would let investors take small stakes in private startups over the Internet, touting it as a way to supercharge job growth and innovation. The US Securities and Exchange Commission is also considering revamping its offering rules, but is taking...
03:21 PM, Sep 16, 2011
As the August 2 deadline nears, investors in America are worried although an agreement has been reached to raise the debt ceiling but the possibility that credit agencies may downgrade America's credit rating is causing concern. ...
01:47 PM, Jul 28, 2011
Allahabad: Around 2,000 flat buyers, affected by quashing of land acquisition in Noida Extension, have moved Allahabad High Court asking to be heard as the court decides on more farmers petitions, who have complained of inadequate compensation. The application was moved by a newly-floated body, "Noida Extension Flat Buyers' Welfare Association" which has requested that while deciding petitions relating to acquisition of land in villages like Roza-Yaqoobpur and Bisrakh-Jalalpur, "they...
10:20 PM, Jul 21, 2011
New Delhi: More cases regarding the land acquired in Greater Noida by builders are expected to come up in the Allahabad High Court on Wednesday and on Thursday. Home buyers are also planning to approach the court seeking relief. The HC is expected to decide on land acquisition issues of Roja Yaqubpur and Bisarakh Jalalpur villages of Greater Noida on Wednesday. A decision on Itheda, Haidarpur and four other villages...
09:21 AM, Jul 20, 2011
Mumbai: Snapping its two-session losing streak, the Bombay Stock Exchange benchmark Sensex rose by nearly 76 points in opening trade on Thursday on selective buying by funds and retail investors amid firm cues from Asian markets. The 30-share barometer, which lost 87 points in the previous two sessions, recovered by 75.91 points, or 0.41 per cent, to 18,802.88 as investors targeted oil and gas, realty, IT and FMCG sector stocks....
09:51 AM, Jul 07, 2011
Dhaka: Fifty Indian investors, including the Tata, Birla and TVS groups, have sought a special economic zone (SEZ) to be set up in Bangladesh for joint ventures. A visiting business delegation of the Confederation of Indian Industry (CII) on Monday proposed that the Bangladesh government establish a SEZ for them to house joint venture (JVs) industries. The reaction of Bangladesh government was positive about the proposal. Commerce Minister Faruk Khan...
01:03 PM, May 10, 2011
CJ Ankur Sachdeva exposes how the company's Stockguru lured investor with 120 per cent returns. ...
09:03 PM, Apr 15, 2011
Mumbai: Upendra Kumar Sinha on Friday took charge as market regulator SEBI's Chairman from the outgoing Chief Chandrashekar Baskar Bhave, who is said to have considerably raised the bar of the institution during his three-year tenure. As the 8th Chairman of the market watchdog, 'UK', as he is known among his friends, he has a tough task cut out for him, since his predecessor had placed the institution highly above...
05:36 PM, Feb 18, 2011
