NEW DELHI: Resisting the temptation of election-year populism, the general Budget on Thursday offered no major tax sops but slapped a surcharge on the super-rich, raised duties on mobile phones, cigarettes and imported luxury vehicles and introduced TDS on property sale above Rs 50 lakh. Pres

NEW DELHI: Finance minister P Chidambaram will present one of the most highly anticipated budgets of recent years on Thursday, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade. The 2013/14 budget caps an intensive seven-month

New Delhi: Will the Railway Minister bite the bullet on fare hike? This is the big question ahead of Mr. Pawan Kumar Bansal presenting his maiden Railway Budget in the Lok Sabha at noon. The hike becomes a necessity, thanks to the recent hike in diesel prices, but then Mr. Bansal may as w

NEW DELHI: Double-digit salary hike is in store for Corporate India this year although the economic slowdown may upset some calculations, a survey released on Wednesday said. The survey, conducted by human resource consulting firm Aon Hewitt, showed that average increments in India will be 10.3

Bangalore, Feb 18 (PTI) Oil Minister M Veerappa Moily today ruled out a roll back in the Rs 1.50 a litre hike in petrol and 45 paisa per litre increase in diesel rates saying only a small raise has been passed on to consumers. "No, No," was he refrain when asked if the government will consider ro

New Delhi: Prices of petrol and diesel have been hiked effective midnight. While diesel prices have been increased by 45 paise per litre, the price of petrol has been increased by Rs 1.50 per litre. This hike does not take into account local sales tax or value added tax (VAT), so the effective

NEW DELHI: Gold demand went up 41% to 262 tonnes during the October-December quarter as households flocked to buy their favourite precious metal, ignoring the spurt in prices. The rise in demand poses a fresh policy challenge for the government, which is battling to control gold imports as part o

BRUSSELS/BERLIN - The euro zone slipped deeper than expected into recession in the last three months of 2012 after its largest economies, Germany and France, shrank at the end of a wretched year for the region. It marked the currency bloc’s first full year in which no quarter produced growth, ext

MUMBAI: The Indian IT industry is expected to do marginally better in the next financial year. The industry's apex body Nasscom on Tuesday forecast that software exports would grow between 12% and 14% to $87 billion in 2013-14. The lower end of the forecast is about 2 percentage points more t

KARACHI: The Pakistani rupee on Monday sank to an all-time low against the US dollar over forex reserve fears as the country repaid $146 million to the International Monetary Fund. The rupee fell to 100.1 to the greenback in trading in Karachi, down from 99.30 on the open market Friday, and has now

50 Dreamliners in service have been grounded since mid-January Bengaluru: Boeing Co will address compensation claims from customers of its 787 Dreamliner jets after the grounded aircraft are back in service, the company’s vice-president for sales in Asia Pacific and India said on Thursday. “The fo

MUMBAI: Shares of  Bharti Airtel fell by over three per cent in the morning trade after the country's largest telecom operator posted a 72 per cent decline in net its profit for the December quarter. Reacting to the quarterly results, shares of  Bharti  Airtel opened on weak note and subseque

[caption id="attachment_24074" align="aligncenter" width="475"] Clothes on display at a shopping mall in Bengaluru. India’s central bank cut its GDP growth forecast for Asia’s third-largest economy to 5.5 per cent for the current fiscal year, from 5.8 per cent previously.[/caption] Mumabi: 
India

The online single-window concept was visualised to enable businesses and investors to save time and costs and improve the business environment. As part of the UPA Government’s National eGovernance Plan, the Commerce and Industry Ministry, on Monday, announced the launch of an eBiz portal aimed at

JEDDAH: Devaluation of currency by certain countries to make them more competitive in the global market has raised fears of a “currency war” — a move that Saudi Arabia says would have a negative impact on the world economy. “This is not a healthy trend for world economy and trade exchange between c

[caption id="attachment_23138" align="alignleft" width="380"] The ministers from India at Davos promise reform momentum will continue. PTI[/caption] Davos – Promising more reforms in the next couple of months, Indian ministers today presented the country as an attractive investment destination wi

[caption id="attachment_23102" align="alignleft" width="380"] IMF said the space for further policy easing has diminished. Reuters[/caption]   Washington: The International Monetary Fund (IMF) today pegged India’s economic growth rate in 2013 at 5.9 percent and projected a higher growth o

NEW DELHI: Bharti Airtel, India's top mobile phone carrier, said it has raised voice call prices to account for rising costs, sending telecommunications shares higher in Mumbai as investors bet that rivals will follow the market leader. Media reports say that Bharti Airtel has doubled the call ra