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India’s third best choice for PE companies
Posted: March 8th, 2010, 4:31pm EST
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India is ranked among the top three investment destinations for PE firms in the world, as per a report by consulting firm Bain & Company. -
Banks face mega losses as bond yields hit 17-mth high
Posted: March 8th, 2010, 2:53pm EST
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Falling bond prices could lead to losses for banks which hold government securities as part of regulatory obligation and also as investments. -
'Over 24,000 cr spent on defence equipment purchase till Feb'
Posted: March 8th, 2010, 8:47am EST
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Government on Monday said Rs 24,122 crores has been spent till February 2010 to procure various defence equipment for the armed forces during the current financial year. -
Government seeks to cut stake in State Bank of India to 51%
Posted: March 8th, 2010, 3:40am EST
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Government could raise $1.2 billion at current market prices from the key reform move. Check out the top gainers, losers and recommendations from analysts
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Govt plan to recapitalise PSU banks is credit positive
Posted: March 8th, 2010, 1:31am EST
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During the Union Budget, finance minister Pranab Mukherjee said that Rs 165 billion will be used to ensure that public sector banks are able to attain minimum 8% Tier 1 capital by March 2011. -
Quest for fast growth lands India's microfinance institutions in soup
Posted: March 7th, 2010, 5:26pm EST
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The quest for fast growth has landed india’s microfinance institutions in the soup. ET’s M Rajshekhar decodes the crisis and looks at the way forward -
Plan panel may allocate more for JNNURM
Posted: March 7th, 2010, 5:18pm EST
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The Planning Commission could consider giving more funds for the UPA’s flagship urban development programme Jawahar Lal Nehru Urban Renewal Mission if the scheme is able to improve utilisation. -
FICCI decries MAT rate hike, calls for 26 pc peak rate
Posted: March 7th, 2010, 5:16am EST
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Apex industry chamber FICCI decried a 3 per cent hike in the Minimum Alternate Tax in Budget 2011, saying it over weighed the concessions in the corporate tax and the government should look at reducing the peak rate to 25.6 per cent from over 30 per cent now. -
EPFO to appoint banks other than SBI for PF collection
Posted: March 7th, 2010, 1:28am EST
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Irked by the SBI's unilateral decision to raise charges on provident fund collections, the retirement fund manager EPFO is considering handing over the business to other banks, and the negotiations for the same may start soon. -
High inflation not due to monetary expansion by RBI: FM
Posted: March 6th, 2010, 8:40am EST
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The Centre said high inflation is not because of monetary expansion undertaken by the Reserve Bank earlier to push up the economy, but due to shortage of supply in food items and high procurement prices of cereals.