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Direct tax code bill will bring relief from the current tax exemption limits form 2012

Monday, August 30th, 2010

loksabha

With the increasing changes taking place in the government and the upcoming election season, the government has finally put down it perspective in concern to the much debated and waited Direct Taxes Code Bill (DTC) this Monday in the ongoing spring session of the Lok sabha. This bill introduces a new proposition to the existing Tax deduction limits which will now be raised to an amount of Rs 2 lakh from the existing exemption limit of Rs 1.6 lakh.

30.08.2010 Business, India No Comments

Suzuki SlingShot: A new offering by Suzuki

Thursday, August 26th, 2010

Suzuki SlingShot

New Delhi, August 26, 2010: Keeping in mind the popular demands of fuel efficiency and style, Suzuki Motorcycle India Pvt. Ltd, the subsidiary of Suzuki Motor Corporation in India has launched its latest product, the Sling Shot. Along with the launch of the motorcycle the company also made public its intention of investing Rs.500 crore with the aim of enhancing the production capacity to double of the present by 2012.

26.08.2010 Business No Comments

Indian Rupee Gaining Power in The World Economy, Dollar Loosing it

Thursday, August 26th, 2010

Rupee vs dollar

The changing value of Indian rupee in the international market is creating concerns for even the world largest economy when its value rose on Thursday which was propelled by few profit margins in shares which were more or less native and the falling of the dollar value which has again shocked the economist and the trade analyst.

26.08.2010 Business No Comments

Maruti Cervo : A relief to Delhi Roads

Monday, August 23rd, 2010

Cervo Maruti

The current condition of the traffic in Delhi is very uninspiring. All the small car owners, for the first time in their life, are proud to possess a small car instead of a huge one. This is so because all the big cars have to be droven carefully, and a lot of care has to be taken while driving in traffic that it does not get hit here and there especially in a slow moving traffic.

23.08.2010 Business, Sci-Tech No Comments

Anil Ambani geared up to enter the Indian television industry with new channels

Thursday, August 19th, 2010

With growing population of the country and demand for good English channels for entertainment, many companies are coming forward with new and innovative plans to target the English speaking class of the country.

19.08.2010 Business No Comments

GM Recall 2.43,000 vehicle over safety concerns

Wednesday, August 18th, 2010

On Tuesday, the automaker informed, 2,43,000 models have been ordered by General Motors Co. from the year 2009-2010. But only the crossover sport utilities have been asked for, especially in the United States of America. The above is being done for safety inspections and make required changes to improve the safetly belts in the car.

18.08.2010 Business No Comments

Cairn India 62 % owned by Cairn Energy

Monday, August 16th, 2010

Last night, Cairn Energy was breathing its last in the hands of India, after it was being discussed to sell a part of it to Vedanta Resources.Vedanta Resources is a mining group which was being sold a part of the holdings of Cairn Energy from the Indian Offshoot.

16.08.2010 Business No Comments

IIP DATA will be the determining factor for Indian currency value

Thursday, August 12th, 2010

IIP

India’s Industrial Output (IIP data) reported an expected rise of around 8.4% from a year ahead followed by a slowing growth procedure after a period of 8 months with an increase that will be double digits according to the polls done through Reuters.

12.08.2010 Business No Comments

“Infosys chop shop” comment by Charles Schumer, attacked by Infosys officials

Tuesday, August 10th, 2010

Last week during a senate discussion the New York lawmaker Charles schumer had branded the top Indian companies like Infosys as ‘chop shop’ and had happily supported the law to raise the H1-B visa fees for them. This was a very harsh comment and in repose to this the Infosys team this Monday commented that they were very distressed at the accusation aimed at their lawful business.

10.08.2010 Business 1 Comment

Ratan Tata is all prepared to step down after he turns 75 in December 2012

Thursday, August 5th, 2010

Ratan TATA

With Mr.Ratan Tata turning 75 in December 2012, he is all set to give off his position to another deserving successor for his empire. His sons have formulated a panel of members that includes five people along with another external member who will participate in the process.

05.08.2010 Business No Comments

Maruti-Suzuki Alto K10 to be seen on the Indian roads

Wednesday, August 4th, 2010

maruti suzuki alto k10 The second version of Suzuki Alto, Suzuki Alto K-10, is available in the market now.

The first Suzuki car in India, Suzuki 800, was launched somewhere in the mid 1980′s. Suzuki Alto was brought to the Indian roads in the year 2000.

04.08.2010 Business No Comments

JRD Tata : Remembering him and his achievements on his Birth Anniversary

Thursday, July 29th, 2010

jrd tata Today happens to be the birth anniversary of the Father of India’s Civil Aviation, Jehangir Ratanji Dadabhoy Tata. Born on 29 July,1904, the former was also the first person to obtain India’s pilot license issued in the country itself.

29.07.2010 Business No Comments

Emami Infrastructure Ltd. shares slashed down 86 per cent after listing

Wednesday, July 28th, 2010

Emami Infra

On listing day Emami Infrastructure shares crashed, evoking doubtful gesture regarding matters like price manipulation & transparency.

Today Emami Infrastructure Ltd, which has been made from parent company, which is FMCG major Emami Ltd, commenced trading on the national bourses & during early trading hours kicked up quite stormily. As Emami Infrastructure Listing shares opened with high mark as 598.80 INR on National Stock Exchange (NSE), but finally it slashed down to 86.0 INR within an hour, which explains that Emami Infra shares dropped of 86 %. The entire traded volume was approx. 8.9 million shares on NSE.

28.07.2010 Business No Comments

Aster Silicates reaches premium of 8%

Wednesday, July 28th, 2010

MUMBAI : BSE lists Aster Silcates, chemical manufacturer, at a premium of 8.22%. The issue price is listed at Rs 118 per share.

The Aster stocks started at the BSE at Rs 127.70 and has successfully reached a premium of 8.33% over the issue price of Rs 118.

28.07.2010 Business No Comments

Rupee vs Dollar: The Value if Indian Currency depreciates by 6 paisa

Wednesday, July 28th, 2010

Rupee vs Dollar The value of the Indian Rupee under went depreciation by an amount of 6 paise with the value undergoing an amount of 46.82 a dollar instead of the previous value at the Interbank Foreign Exchange market during an early trade session after the dollar’s gained above two other leading currencies.

28.07.2010 Business No Comments

Sony Ericsson k200i Review

Tuesday, July 27th, 2010

sony ericsson k200i The latest phone by Sony Ericsson screams out, “DIGITAL CAMERA”.

It is a slim phone, has a sleek look. It is one of the best VGA camera phones available in the market. And is truly value for its money.

27.07.2010 Business No Comments

RBI announces increase in Repo Rate

Tuesday, July 27th, 2010

RBI

According to the RBI, By the end of the fiscal year, the inflation was supposed to come down to 6% from that of earlier-10% but may be now it will stay that way for some time. Chances are that when demand in the market goes down a little, inflation would soon be curbed.

27.07.2010 Business No Comments

Repo Rate: INFLATION MAKES RBI TO INCREASE RATES

Tuesday, July 27th, 2010

RBI The Reserve Bank of India has raised the repo (short-term lending) rate to 5.75% from earlier 5.50%.

The RBI further increased the reverse repo (short-term borrowing) rate to 4.50% which resulted in an increase of 0.50%.

27.07.2010 Business No Comments

INR acquires 18 paise against US Dollar

Tuesday, July 27th, 2010

dollar price Today’s early trading results on Interbank Foreign Exchange has new results waiting when there was gain of 18 paise on the rupee as compared to the 46.86 of the USD which was a dip in the economic value of American currency when compared to its major rivals.

27.07.2010 Business No Comments

Corolla Altis In Diesel Now

Thursday, July 22nd, 2010

corolla altis diesel

The famous Toyota sedan gracing the Indian roads, Corolla, now has a diesel variant as it’s sibling. This is the company’s first diesel sedan in it’s Indian portfolio.

22.07.2010 Business No Comments

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