2012 has been a year when the term 'crony capitalism' gained much notoriety. Also, this was a year when a harsh business environment made the going tough. CNN-IBN Indian of the Year in the Business Category for 2012 is a contest between six leaders who showed remarkable vision, leadership and integrity. ...
09:53 AM, Nov 29, 2012
2012 has been a year when the term 'crony capitalism' gained much notoriety. Also, this was a year when a harsh business environment made the going tough. CNN-IBN Indian of the Year in the Business Category for 2012 is a contest between six leaders who showed remarkable vision, leadership and integrity. ...
10:57 AM, Nov 28, 2012
Bangalore: Drug-maker Cipla on Thursday said it has appointed Subhanu Saxena as the Chief Executive Officer of the company. The appointment is effective from February 1, 2013. Saxena has more than 25 years of work experience. He has worked with companies such as Citicorp, The Boston Consulting Group and PepsiCo, across markets in Europe, North America, Africa and Asia, Cipla said in a statement. In his last assignment, Saxena led...
09:16 AM, Nov 22, 2012
Lucknow: Barely two days after his gruesome death in a shootout in Delhi, billionaire Ponty Chadha's liquor and other businesses in Uttar Pradesh could be the first casualty of the incident, government officials said on Monday. While admitting that it was a bit "early" to speculate about such an eventuality, officials said that Ponty's death could mean bad news for his Wave Group. "Other than the money that he so...
02:56 AM, Nov 20, 2012
On Board PM's Special Plane: Swedish furniture major IKEA, which proposes to invest Rs 10,500 crore to set up stores in India, has got Department of Industrial Policy and Promotion nod and its application is now with Foreign Investment Promotion Board, Commerce and Industry Minister Anand Sharma said on Sunday. The Department of Industrial Policy and Promotion (DIPP), which is under the Commerce and Industry Ministry, has scrutinised the application...
06:11 PM, Nov 18, 2012
New Delhi: Mystery shrouds the death of Delhi businessman Vijay Arora, whose burnt body was found in Khayala on Friday morrning. The police have registered a case of murder and are on the lookout for his alleged killers. According to the police Arora had a business of auto-parts. Police said that some pot vendors had encroached upon the open space outside his shop and there was dispute between Vijay and...
01:19 PM, Nov 16, 2012
Mumbai: The Bombay Stock Exchange (BSE) benchmark Sensex on Monday declined by over 13 points on selling by funds concerned over sticky retail inflation, weak industrial output and record-high trade deficit. The Sensex, which had lost 219 points in last two trading sessions, declined further by 13.34 points, or 0.07 per cent to 18,670.34 as investors adjusted their portfolios ahead of a special 'Muhurat' trading on Diwali on Tuesday, followed...
09:14 AM, Nov 12, 2012
Mumbai: German luxury car-maker Volkswagen today forayed into the multi-brand pre-owned car business under Das WeltAuto brand and expects it to contribute 25 per cent to the company's total sales. At present, Mahindra First Choice is the leader in the Rs 60,000-crore multi-brand used car market. Volkswagen expects 25 per cent of its sales to come through this new business, company's Managing Director for Passenger Cars Arvind Saxena said after...
10:30 AM, Nov 07, 2012
India is unique. Elements of the Space Age on one hand and elements from the Stone Age on the other can be seen on the ...
12:37 PM, Nov 05, 2012
The Income Tax department on Thursday began probe into BJP President Nitin Gadkari's Purti Group. ...
11:57 PM, Oct 25, 2012
The fourth edition of the FICCI entertainment and Business Conclave kick-started in Chennai and the first day of the conference had in attendance some biggies including the Chairman of the Conclave Kamal Hassan along with noted Hollywood producer-director Barrie Osborne. The evening saw a felicitation of greats of the industry with a special appearance by superstar Rajinikanth. ...
11:51 PM, Oct 18, 2012
New Delhi: Old furnitures collected from Indian consumers in exchange for new ones will not be re-sold in the market, Swedish retail major IKEA has informed the government. The company, which plans to invest Rs 10,500 crore to set up 25 single brand retail stores in the country, in its final application has said that the facility of collection/purchase of old furniture is for the convenience of only those customers...
04:43 AM, Oct 15, 2012
Kolkata: With the internet expanding exponentially, can Kolkata's traditional idol makers stay behind? Certainly not! Plans to launch a community website for Kumartuli, the colony of the city's traditional idol makers, so that they could reach potential overseas buyers of Durga idols failed to take off two years ago. However, more and more artisans are now embracing the web, going online and targeting NRI patrons of Durga pujas by enabling...
04:28 PM, Oct 09, 2012
Tax expert Subhash Lakhotia says that selling properties at lower than market price suggest no corruption. ...
07:29 PM, Oct 08, 2012
The film 'Pizza' releasing on October 19 is probably the first Tamil flick with an English title to hit the screens this year. Since the film crew was very sure that 'Pizza' would only get a U/A certificate as it is set in the thriller genre, they didn't have to worry about giving the movie a Tamil title to be eligible for the entertainment tax waiver. Even after the Tamil...
05:50 PM, Oct 07, 2012
New Delhi: The Internet requires not just governance but transparency and accountability on the part of the user, Communications Minister Kapil Sibal said on Thursday. The user "should be free to express his opinion but at the same time be accountable for what is being said", Sibal said while inaugurating the India Internet Governance Conference (IIGC-2012). "Above all, managing the Internet needs consensus amongst stakeholders - government, business, civil society,"...
01:52 AM, Oct 05, 2012
New Delhi: The trade space for quality young Indian art is opening up to find new buyers in the mainstream market through direct interface with collectors without transactions by galleries, indicates a trend thrown up by a three-day independent art fair in the capital. The United Art Fair, which showcased 2,700 works by 525 young artists from all over the country, saw the sale of 42 percent of the art...
12:57 PM, Oct 03, 2012
Shimla: Himachal Pradesh on Saturday signed a $100 million loan agreement with the government of India and the World Bank to support green initiatives in the state. The agreement would focus on climate-smart development in energy, watershed management, industry and tourism, an official statement said. The loan agreement was signed by Chief Secretary Sudripta Roy, joint secretary with the Ministry of Finance Prabodh Saxena and World Bank (India) Governance Adviser...
06:03 PM, Sep 29, 2012
BJP spokesperson Nirmala Sitharam on Friday said that the downward revision of growth forecast by Fitch is a reflection of the government's inaction. Fitch Ratings on Friday cut its 2012 growth forecasts for India to 6 per cent from 6.5 per cent on deteriorating global growth outlook with diminished willingness or capacity to respond with domestic policy loosening, compared with 2009. India's economic outlook remains challenging. Investment rose just 0.7 ...
11:52 AM, Sep 28, 2012
New Delhi: Naveen Jindal has topped the executive pay charts for listed companies in the country with a package of Rs 73.42 crore for the last fiscal 2011-12, which grew by over Rs six crore from previous year. Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), was followed by Sun TV Network's Kalanithi and Kavery Maran (Rs 57.01 crore each), Hero MotoCorp's Pawan Munjal (Rs 34.47...
02:20 AM, Sep 24, 2012
