New Delhi: The Union Cabinet on Thursday cleared 50 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single brand retail despite division within the UPA on the issue. The Bharatiya Janata Party (BJP), the Left, UPA ally Trinamool Congress along with some Cabinet ministers Veerappa Moily and Mukul Wasnik have opposed it. While the BJP feels that FDI will lead to unemployment, the...
08:49 PM, Nov 24, 2011
New Delhi: India is considering opening fully its single-brand retail sector to foreign direct investments. The announcement was made on Monday by the Industry Secretary, R P Singh. The step is being seen as a possible boon to the government's reform programme, which has appeared on the backburner. India currently allows 51 per cent foreign direct investment (FDI) in single-brand retail and 100 per cent in wholesale operations. The government...
12:03 PM, Oct 03, 2011
Markets swing in volatile trade, Some recovery mid-session over talk of policy action by the US Fed. ...
11:56 PM, Aug 09, 2011
As stock markets plunge, what are the other options you have to invest your money?
07:05 PM, Aug 08, 2011
Mumabi: Overseas investments by Indian companies in July was $2.69 billion, with Tata Steel, Crompton Greaves and Glenmark, among the leader players committing investments abroad. The FDI outflows last month is almost half of $5.47 billion outflow in June. According to an RBI data released on Tuesday, as many as 289 overseas investment transactions were carried out by various companies last month, with Sanmar Group International leading the pack. It...
10:37 PM, Aug 02, 2011
New Delhi: Investing, much like contract bridge, is a loser's game which means that the best performers succeed by minimising their own errors and taking advantage of other people's mistakes. The behaviour of most investors today suggests that risk is not uppermost on their minds. Since future returns are driven by perceived risk, the equity market today is not priced for above average returns during the next 12 months. The...
11:18 AM, Jun 07, 2011
Kolkata: Inviting NRIs to make large-scale investments in West Bengal, Chief Minister Mamata Banerjee has said her government was working to open a cell under the Finance Ministry, to be monitored by her, to cater to their investment proposals. "I request NRIs to join the present drive to develop West Bengal which has great investment potential and has largely remained untapped for the past 34 years of Left Front rule,"...
07:48 PM, May 28, 2011
New Delhi: Flush with billions of dollars of cash, Mukesh Ambani-led Reliance Industries may soon announce overseas acquisitions and a faster roll-out of its telecom services, a research report has said. "Over the next few months, we anticipate positive news flow on several fronts including broadband rollout and potential acquisitions, as well as the gas business," Global financial services major HSBC said in a brokerage report on Reliance Industries (RIL)....
03:27 PM, May 27, 2011
Washington: Seeking efforts aimed at increasing additional investment flows to developing countries, India has said the need to positively impact the lives of the poor should be the mantra that should permeate the thinking of the World Bank. "Be it sectoral or regional strategies; be it design of new instruments or products; be it modernisation or governance reform; the goal should, at all times be, ensuring that all these changes...
12:15 PM, Apr 17, 2011
New Delhi: The Income Tax Department has slapped a penalty of Rs 20,000 crore on four associates, including businessman Kashinath Tapuriah, of Hasan Ali Khan who is accused of stashing huge amounts of black money in foreign banks. "A penalty of about Rs 20,000 crore has been slapped on associates of Hasan Ali Khan," Revenue department sources said. Besides Tapuriah, who is in Enforcement Directorate's custody, the Pune-based stud farm...
07:28 PM, Apr 05, 2011
Rajdeep Sardesai in conversation with Bill and Melinda Gates, about their investments in India and a lot more. ...
06:33 PM, Mar 27, 2011
A double-digit inflation is eating away most of your hard-earned money. ...
10:00 AM, Feb 09, 2011
Nagpur: The famous pilgrim centre of Shri Saibaba temple in Shirdi, one of the richest temples in Maharashtra, has ornaments and jewellery worth over Rs 32-crore and investments running into Rs 4,27,17,02,929-crore,according to official documents. The administration of Shri Saibaba Sansthan Trust (Shirdi), governed by the Managing Committee which was constituted by the Maharashtra Government way back on August 23, 2004 has Kisan Vikas Patras worth Rs 51,71,00,100 crores besides...
12:52 PM, Jan 04, 2011
The change in sentiment is palpable on Dalal Street. Just two months ago, stock market pundits were vying with each other to assign aggressive ‘fair value’ targets to BSE Sensex and NSE Nifty. The projected earnings of Sensex stocks in 2011-12, in the range of Rs. 1,250-1,275 were quickly discounted into the price and people started talking about profitability expectations for the following year, 2012-13. But the warning signs were...
10:45 AM, Jan 04, 2011
New Delhi: From fake certificates to the Rs 400 crore Citibank fraud: The RBI has initiated a probe, the governor is expected to make a statement on Saturday. The case has shaken the trust of consumers in their bankers. CNN-IBN tells you a few simple tips that you should take to ensure that the relationship manager at your bank does not manipulate you. It's no lottery - just one of...
09:24 AM, Jan 01, 2011
Ranchi/New Delhi: Non-bailable arrest warrants have been issued against seven aides of former Jharkhand chief minister Madhu Koda including an Indonesia-based businessman in connection with a multi-crore illegal investments and hawala case being probed by the Enforcement Directorate. Official sources said a Prevention of Money Laundering Act Court in Ranchi had issued the arrest warrants against Manoj Kumar Sinha, Sunil Kumar Sinha, Saubhik Chattopadhyay, Vijay Joshi, Rohitash Krishnan, Ajay Amolchand...
11:39 PM, Aug 23, 2010
Post budget: Is this the right time to invest in a house? ...
11:41 PM, Mar 03, 2010
Finance Minister Pranab Mukherjee will present the Union Budget on Feb 26. ...
09:17 PM, Feb 27, 2010
Just how much is too much when it comes to investing in portfolios? ...
01:10 PM, Dec 03, 2009
Infosys co-founder Raghavan's venture fund strives for a second coming. ...
02:46 PM, Nov 13, 2009
