Helsinki/New Delhi: Standard & Poor's on Friday downgraded the corporate credit rating of Finnish handset maker Nokia, citing lower revenue expectations. Standard & Poor's Ratings Services has cut Nokia's corporate credit rating 'BB+' from 'BBB-'. The latest rating is considered highest speculative grade by market participants. Earlier this week, rating agency Fitch too had slashed Nokia's credit rating. The downgrades come at a time when Nokia -- once the dominant...
01:28 AM, Apr 28, 2012
San Francisco: Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. "It was a faster slowdown than we would have guessed," said Brian Wieser, an analyst with...
03:49 AM, Apr 24, 2012
Bangalore: Union Finance Minister Pranab Mukherjee on Sunday said the Indian Revenue Service (IRS) is attracting the country's most bright youngsters and maintained that Indian Foreign Service and Indian Administrative Service are no longer the only most sought-after careers. Speaking after inaugurating the new campus of the Direct Taxes Regional Training Institute, he said gone are the days when the most brilliant joined only IFS and IAS. After the combined...
11:29 PM, Apr 08, 2012
Bhubaneswar: Searches at the homes and offices of a peon and his family in Odisha have revealed that he had amassed property worth over Rs 70 lakh, an official said Thursday. The anti-corruption wing of the state government had Wednesday searched the residential and parental houses of Prahallad Swain, a peon with the Board of Revenue Court, in Bhubaneswar and Dimbisara village in Nayagarh district. His office and a photocopy...
01:16 PM, Mar 15, 2012
New Delhi: The Railways is likely to miss its revenue target of about Rs 1.06 lakh crore in the current fiscal. The Railways is expected to fall short of its targeted revenues by as much as Rs 2,322 crore mainly due to lower passenger earnings. As per official data, Railways is projected to see gross traffic receipts to the tune of Rs 1.04 lakh crore for the year ending March...
04:31 AM, Mar 15, 2012
Chennai: The CBI on Wednesday arrested a senior Directorate of Revenue Intelligence official in Chennai for allegedly accepting a bribe of Rs 8 lakh and an iPad. He was caught while accepting the first installment of Rs 2 lakhs. C Rajan, DRI Additional Director General, was allegedly caught while accepting the bribe which he had demanded from a businessman to defreeze his account and not book him under Conservation of...
10:29 AM, Mar 07, 2012
Ahead of the Railway Budget, Railway Minister Dinesh Trivedi speaks exclusively to Network 18. ...
09:47 AM, Feb 28, 2012
New Delhi: Delhi and Mumbai airports are earning the least 'aeronautical' revenue per passenger compared to other airports of the world, according to a survey. As per the list of 50 countries prepared by Leigh Fisher Management consultants, Delhi airport is at the bottom of the list with meagre 1.97 SDRs compared to Japan's Narita airport with 17.86 SDRs. Mumbai stands at the second last place with 2.09 SDRs. The...
10:46 AM, Feb 24, 2012
Hyderabad: Andhra Pradesh Finance Minister Anam Ramnarayan Reddy on Friday presented a tax-free, revenue-surplus budget for 2012-13 with an overall expenditure of over Rs 1.45 lakh crore. He told the assembly during his budget speech that the overall expenditure during 2012-13 would be Rs 145,854 lakh crore, comprising Rs 91,824 crore under non-plan and Rs 54,030 crore under plan heads. Presenting his second budget, Ramnarayan Reddy said the fiscal deficit...
05:27 PM, Feb 17, 2012
New Delhi: The Government's efforts to deal with the menace of black money helped in checking tax evasion as alert revenue officials prevented illegal outflow of over Rs 66,000 crore by MNCs during the last fiscal. "The Directorate of Transfer Pricing in the Ministry (of Finance) helped in saving Rs 66,085 crore during the last year by timely stopping the illegal transfer of money through transfer pricing," Finance Minister Pranab...
07:11 PM, Feb 15, 2012
London: Chelsea spent 28 million Pounds on firing manager Carlo Ancelotti and hiring Andre Villas-Boas, an outlay that does not appear to be paying off with the team performing worse in the English Premier League this season. Ancelotti was ditched in May after failing to win a trophy in his second season at Stamford Bridge, prompting owner Roman Abramovich to take a costly gamble on luring the inexperienced Villas-Boas from...
02:46 PM, Feb 09, 2012
London: Real Madrid and Barcelona are soccer's biggest moneymakers for the third straight year and look set to top their rivals for the foreseeable future. The annual review of soccer finance by Deloitte shows Madrid topping the list for the seventh straight year with revenue of $636.5 million for the year ending June 30, an increase of 9 percent from the previous 12 months. English champions Manchester United were again...
02:39 PM, Feb 09, 2012
San Francisco: Facebook is baring its business soul. The unveiling came late Wednesday when the company that depends on people to share their lives online filed its plans to raise $5 billion in an initial public offering of stock. It's a revelatory moment that prospective investors, curious competitors and nosy reporters have been awaiting for two years. During that time, Facebook established itself as a communications hub and emerged as...
03:53 PM, Feb 02, 2012
San Francisco: Google Inc's quarterly results fell short of Wall Street's heightened expectations for the holiday season as declining search advertising rates contributed to a rare miss, triggering a 9 per cent slide in its shares. The No. 1 Internet search engine underperformed on both revenue and earnings in the fourth quarter, disappointing investors who had counted on record US online-commerce to prop up results. Several analysts zeroed in on...
11:48 AM, Jan 20, 2012
BANGALORE: The ineffective revenue collection mechanisms of the Bruhat Bangalore Mahanagara Palike (BBMP) will soon become a matter of past. The Palike will identify properties by synchronisation of the Geographical Information System (GIS) along with old Property Identification Number (PID), and launch a new PID in all its 198 wards by mid of February. For the trial run of the new system, the Palike has selected five wards- Pattabhiramanagar, Byrasandra,...
10:46 AM, Jan 10, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
