SECTOR

  • Cabinet approves gas pooling for fertiliser sector 10 hours 44 minutes ago

    New Delhi: The Cabinet on Tuesday approved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertiliser plants to make the cost of fuel uniform and affordable. Fertiliser plants consume about 42.25 million standard cubic meters per day of gas for manufacture...
  • How to survive in less than Rs 100 at the Sector 18 market in Noida 3 days ago

    Summers are here and there is no good reason for anyone to step outside in this ghastly heat. Barring a few. We at IBNLive decided to crank it up a notch. Bot only would we have to survive the cruel sun, we would also have to do that with only...
  • PM Modi pitches for innovation in I-T sector for economic progress March 2, 2015

    Prime Minister Narendra Modi emphasised on the importance of innovation in the I-T sector for national economic progress. Addressing the silver jubilee of the The National Association of Software and Services companies in the national capital, Modi said, "Connectivity is one of the factors which affects GDP. Better and faster...
  • Arun Jaitley's Union Budget fails the test of tackling rising inequality, says P Chidambaram March 1, 2015

    New Delhi: Former finance minister P Chidambaram tore into the BJP-led NDA government's first full-year Union Budget presented on Saturday. Targeting Finance Minister Arun Jaitley, Chidambaram said the Budget failed the test of tackling rising inequality, cruelly neglected the already poor and gave too much to the rich. "This Budget...
  • Government targets to collect Rs 1 lakh crore in dividend next fiscal March 1, 2015

    New Delhi: The government aims to collect over Rs 1 lakh crore in dividend from public sector companies and banks in 2015-16, a 13 per cent increase over previous year. The government will collect Rs 88,781 crore on account of dividends in the current fiscal, the Budget document shows. All profit-making central...
  • Budget boost for healthcare sector pushes pharma shares up 5 per cent February 28, 2015

    Mumbai: Pharma scrips gained up to 5 per cent on Saturday after the government alloted Rs 33,152 crore to the healthcare sector. Shares of Aurobindo Pharma surged 4.90 per cent, Ranbaxy Laboratories climbed 3.74 per cent, Sun Pharmaceutical Industries rose by 3.62 per cent and Torrent Pharmaceuticals jumped 3.10 per...
  • Mimimum government and maximum governance to improve ease of business: Jaitely February 28, 2015

    Finance Minister Arun Jaitley in his Budget on Saturday focussed on the need of ease of doing business and highlighted the government's policy of 'Mimimum government and maximum governance'. Reducing the number of levies, Jaitley subsumed the Education Cess and Secondary & Higher Education Cess leviable on excisable goods in...
  • Government raises farm credit target to Rs 8.5 lakh crore for 2015-16 February 28, 2015

    New Delhi: In a bonanza for farmers, the government on Saturday raised agriculture credit target by Rs 50,000 crore to Rs 8.5 lakh crore for 2015-16 fiscal and also announced financial support to enhance irrigation and soil health to achieve higher agriculture productivity. "Farm credit underpins the efforts our hardworking farmers...
  • Rs 1,000 crore fund for tech start ups, entrepreneurs: Government February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday announced Rs 1,000 crore for promotion of start ups and entrepreneurs particularly in the technology sector. "We are now seeing a growing interest in start ups. Experimenting in cutting edge technologies, creating value out of ideas, initiatives and...
  • E-Commerce companies hope Jaitley will find a way out of current tax muddle February 27, 2015

    Bengaluru: India's IT capital is the hub of booming e-commerce. And in budget 2015, India's e-commerce companies are hoping they will find a way out of their current tax muddle. With online shopping and online transactions growing by leaps over the last year, the big e-commerce players like Amazon and...
  • Pakistan Rangers violate ceasefire, target Border-out-Post in RS Pura sector of Jammu February 26, 2015

    Jammu: After a week-long lull in firing from across the International Border (IB), Pakistani Rangers tonight violated the ceasefire and targeted a Border-out-Post (BoP) in the RS Pura sector of Jammu. "Pakistan troops resorted to small arms firing around 9:30 PM," a police officer said. He said the Pakistani Rangers fired...
  • Railway Budget 2015: HC tells Railways to reconsider commuters' security policy February 26, 2015

    Mumbai: The Bombay High Court on Wednesday asked the Railways to reconsider its policy on providing security to commuters in long-distance trains while hearing a petition filed by a young woman who lost her leg after being was pushed out of a moving train as she was chasing a thief...
  • Union Budget 2015: PM Modi likely to keep tight rein on health spending, say sources February 25, 2015

    New Delhi: India is unlikely to announce any significant increase in its health budget for the financial year that begins in April, two sources said, dampening hopes the central government would allocate more funds to overhaul the public health system. Prime Minister Narendra Modi's government will present its first full-year budget...
  • Rail Budget 2015: Have single window clearance for infra cos, says BMR February 25, 2015

    Revival of investor confidence is key to put economy back on a growth trajectory. The National Manufacturing Policy ("NMP") and the 'Make in India' campaign (along with the National Manufacturing Competitiveness Programme) is expected to position India as the 'business partner' for creating a 'world class manufacturing hub'. While manufacturing...
  • Union Budget 2015: ASSOCHAM demands inclusive economic growth and comprehensive jobs creation February 25, 2015

    New Delhi: The MSME sector employs nearly 10 crore people and accounts for over 95 per cent of the total number of industrial enterprises. It contributes about 45 per cent of the manufacturing output and 37.5 per cent of the GDP while accounting for 40 per cent of the total...
  • Rail Budget 2015: Suresh Prabhu to unveil plans for raising resources February 25, 2015

    New Delhi: With Railway finances under terrible strain, all eyes will be focused on whether Railway Minister Suresh Prabhu will hike the fares and freight rates in the Rail Budget on Thursday which may contain proposals for 'Make in India' initiatives besides enhancing safety and security. Minister of State for Railway...
  • Union Budget 2015: FM must set realistic revenue, spend targets, says Religare February 25, 2015

    Brokerage house Religare expects the government to continue on the path of fiscal consolidation in the upcoming Budget. But it has cautioned that unlike in the past, revenue and expenditure targets need to be realistically framed. Also, a credible fiscal consolidation strategy over the medium-term is highly anticipated and required,...
  • Union Budget 2015: FM needs to kickstart investment cycle, feels CII February 25, 2015

    New Delhi: As Finance Minister Arun Jaitley gets ready to give final touches to Budget 2015, India Inc is hoping for bolder reform action to revive growth but can the finance minister manage to put up a fine balancing act? Speaking to CNBC-TV18's Shereen Bhan, CII president Ajay Shriram said...
  • Railways needs Rs 2 lakh crore to complete projects, getting private money is not easy February 25, 2015

    (KH Muniyappa is a seven time MP (Lok Sabha) from Kolar in Karnataka. Between 2004 and 2014, he was minister of state Railways, Transport and Minister of State (Independent charge) Micro, Small and Medium Enterprises) New Delhi: The health of the Indian Railways in not in good shape. The Railways is...
  • Union Budget 2015: Fiscal reforms will determine ratings, says Moody's February 25, 2015

    Mumbai: Moody's Investors Service said on Wednesday that its assessment of India's credit ratings will be determined mainly by the extent of its fiscal reforms, not recent revisions to its economic growth data. The comments come a day after rival Standard & Poor's said India must boost growth, cut its fiscal...
  • Union Budget 2015: Homemakers want low inflation & simple investment options February 24, 2015

    Though Finance Minister may find it difficult to offer a balanced budget for the nation, home-makers are doing that tough job at home almost every month. Given high inflation in recent times in consumer goods there is not much money left in the hands of the home-maker and still she...
  • What India Inc wants: Top CEOs expectations from the Union Budget 2015 February 24, 2015

    In a roundtable discussion with CNBC-TV18's Shereen Bhan, consulting firm BMR's chairman Mukesh Butani, Phillips India MD Krishna Kumar, Shriram Capital chairman Arun Duggal and Jindal Steel and Power CMD Ravi Uppal discussed their expectations from finance minister Arun Jaitley's Union Budget that will be presented in Parliament this week....
  • Investors looking for a 'growth oriented budget' February 24, 2015

    Earnings of the companies dictate the stock prices of the companies in the long term - says the old wisdom. Though the sentiment is buoyant in Indian stock markets, most long term investors are worried about earnings growth. No wonder investors are looking at the forthcoming budget with a lot...
  • Union Budget 2015: SME wants bigger pie of action February 24, 2015

    Small and medium enterprises (SME) are backbone of Indian economy. SME contributes 45 per cent of industrial output, 40 per cent of country's total exports and employs over 6 crore individuals. SME can play an important role in 'Make in India' drive of the government. Despite this, SME are offered...
  • Union Budget 2015: Brokers demand lower taxes to boost investor participation February 24, 2015

    Rise in stock markets invariably is accompanied by spurt in volumes. However it can further go up, if the investors and traders are offered lower transaction charges. Transaction charges do account for taxes which are levied on the transactions. No wonder, brokers are vocal about cutting down the transaction charges...
  • Rail stocks plunge up to 13 per cent on profit-booking February 24, 2015

    Mumbai: Rail stocks on Tuesday fell up to 13 per cent on heavy profit booking ahead of the Railway Budget for 2015-16 on Thursday. Shares of Kalindee Rail Nirman (Engineers) Ltd plunged 12.62 per cent, Titagarh Wagons slumped 9.99 per cent and Texmaco Rail & Engineering tanked 9.21 per cent...
  • Union Budget 2015: Government should give more tax sops to insurance, says Max Life February 24, 2015

    Upcoming first full year Union Budget of the Finance Minister, Arun Jaitley, would be carefully matched, as it is expected to provide directional clarity on the Modi Governments economic agenda. This is the time and the biggest opportunity for the Government to showcase its vision for the economy and industries....
  • Over 56 per cent polled expects a radical Budget, says Grant Thornton February 24, 2015

    It's less than six days to go for the Union Budget and expectations are running high. In an interview to CNBC-TV18, Pallavi Bakhru, director, Grant Thornton, said the euphoria quotient has never been higher. Discussing the firm's pre-Budget poll on India Inc's expectations from Finance Minister Arun Jaitley, Bakhru said...
  • Union Budget 2015: Time to gear up tax regime for outbound investments, says EY February 24, 2015

    With the changing landscape of Indian businesses, we are witnessing a significant and rapid geographical shift in doing business. Recent times have seen the Indian multinationals regularly flexing their muscle abroad. Not only has the last few years seen established Indian business houses making significant outbound investments into capital intensive...
  • Pre-Budget expectations for commodity markets: Religare February 24, 2015

    The market, like every time, has huge expectations and this time, hopes are revolving around lowering of subsidy burden, widening the tax net, supportive policies for the industry and rational allocation of funds. Also, some key points present in the agenda of the new government which should form part of...