India
Vai alla Scheda Paese »Live as if you were to die tomorrow. Learn as if you were to live forever.
— Mahatma Gandhi
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Mallya says he is not wilful defaulter
Vijay Mallya, the former United Spirits Ltd (USL) chairman, said it was unfortunate he was singled out as a wilful defaulter when larger borrowers who owe much more to the banks have not been done so.
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'Disinformation campaign' to make me 'poster boy' of all bad loans, says Vijay Mallya
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AirAsia offers low fares starting Rs 1,099 on select routes
Low-cost carrier AirAsia said on Sunday it will offer tickets on select domestic and international routes at a discount, starting from Rs 1,099 and applicable on tickets booked online from March 7-13 ,for travel between October 1, 2016 and May 22, 2017.
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Will banks get first right on Mallya's Rs 515 crore 'sweatheart deal'? Debt recovery panel to decide tomorrow
The Debt Recovery Tribunal (DRT) will on Monday pass orders on the state-owned SBI's application seeking the lenders' first right on the $75-million payout from Diageo to UB Group promoter Vijay Mallya under a recent sweetheart deal.
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Decision on banks' first right on Mallya's Rs 515 crore deal tomorrow
The Debt Recovery Tribunal (DRT) had reserved its order after hearing the submissions made by both parties — bankers and Mallya — on March 4. SBI had moved DRT against Mallya in its bid to recover over Rs 7,000 crore of dues from him.
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SBI among 4 new foreign banks allowed to operate in Myanmar
The State Bank of India is among four new foreign banks given preliminary approval to open 100 per cent-owned branches in Myanmar, the latest move by the Southeast Asian nation to woo investment to the country long ruled by the military and hit by Western sanctions.
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You are wasting public money, govt tells PSU bank bosses
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DTAA benefits applicable to partnership firms in India, UK
CBDT clarifies that the term 'person' in DTAA includes partnerships in either country that have already suffered tax once
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Air India plans hedging fuel costs up to 25%
The national carrier's proposal also comes at a time when the government has decided to hike the excise duty on Aviation Turbine Fuel to 14% from 8%.
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India to study mergers of state-run banks in efficiency push
Bankers have "strongly supported" the idea of consolidation, suggesting the government form a panel of experts to devise a merger strategy, Arun Jaitley said after a two-day annual brainstorming event of industry leaders and officials from the central bank and finance ministry.
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Over 40 lakh new assessees brought under IT net: CBDT
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Nine firms get Sebi nod for IPO
As many as nine firms, including Ujjivan Financial Services and Equitas Holding, have received markets regulator Sebi's approval in the first two months of 2016 to launch their IPOs to fund business expansion. Together, these companies are expected to raise at least Rs 3,315 crore.
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Assocham urges PM to convene post-Budget meet
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Tax waiver on 'affordable' flats may mean big profits for builders
The 100% tax waiver announced in the Union Budget on `small flats' to encourage affordable housing can lead to builders laughing all the way to the bank.
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Prime Minister Narendra Modi steps in, tells Arun Jaitley to hold tax on EPF withdrawal
The government has decided to defer its plan to levy tax on 60% of employees’ provident fund withdrawal, following an intervention by Prime Minister Narendra Modi.
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We need strong banks, not more banks: Arun Jaitley
Bankers have "strongly supported" the idea of consolidation, suggesting the government to form a panel of experts to devise a merger strategy, Jaitley said. State-run lenders hold more than two-thirds of assets in India's banking industry.
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Ashok Leyland increases investment in Ras Al Khaimah plant
Ashok Leyland plans to significantly expand its manufacturing capacity at its Ras Al Khaimah plant and aims to pump in fresh investment of $100 million for further capacity expansion at the facility in order to triple the capacity to 6000 units per year, the company said.
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Centre exempts 'white' industries from green nod
In its effort to syncronize environmental goals with the Centre's agenda of improving 'ease of doing business', the environment ministry released a new categorization of 'white' industries. It comprises 36 types of non-polluting industries, which will not require environment clearance for operations.
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Starting up? where’s your husband?
Funding may be flowing into Indian startups but very few of these businesses are run by women. Stereotypes and biases persist in the startup space, say women entrepreneurs
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Raghuram Rajan to wait until April to cut rates again: Poll
A majority of economists polled said RBI chief Raghuram Rajan would not repeat the surprise cut of 25 basis points he delivered just a few days after last year's budget, with 20 of 28 saying a cut was unlikely before next month's policy review on April 5.
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WTO ruling may hit solar cos’ $100bn opportunity
India’s solar manufacturing industry is likely to be in the pits and thousands of job opportunities lost, thanks to a recent World Trade Organisation (WTO) ruling.