NEW DELHI,JANUARY 27 :
INDIA has signed a multilateral convention on mutual administrative assistance in tax matters. The Convention was signed by Mr Sanjay Kumar Mishra, Joint Secretary, Foreign Tax & Tax Research Division, Department of Revenue, Ministry of Finance, Government of India in the presence of Deputy Secretary-General of OECD, Mr Rintaro Tamaki.
NEW SELHI, JANUARY 27 :
DUE to easy availability of supplements, about 78 per cent of adolescents in urban centers of India consume at least one dietary supplement such as pills, energy drinks, steroids and high protein supplements, reveals a just concluded survey by apex industry body ASSOCHAM.
NEW DELHI, JANUARY 27 :
INDIAN Railway Finance Corporation (IRFC), the financing arm of Indian Railways, is proposing to issue tax free, secured, redeemable, non-convertible bonds of face value of Rs 1,000 each in the nature of debentures, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (bonds) aggregating to Rs 3,000 crore with an option to retain oversubscription of upto the shelf limit of Rs 6,300 crore.
Thesynergyonline Economic Bureau
NEW DELHI, JANUARY 26 :
COAL India (CIL) has migrated to a new system for pricing its non-coking (NC) coal on the basis of gross calorific value (GCV) from January 01, 2012. Till December 2011, the company used to follow the useful heat value (UHV)- based method to price its NC coal.
MUMBAI, JANUARY 25 : AUDI, the German luxury car manufacturer, has swept the various automotive awards in India and bagged 15 awards for the year 2011. After record sales volume for Audi in India , Audi A8L, Audi A6, Audi A7 and Audi RS5 have garnered top honours of the industry, underlining Audi's brand essence "Vorsprung durch Technik".
NEW DELHI, JANUARY 25 :
PUNJAB National Bank (PNB) has been awarded with the "Golden Peacock National Training Award" 2011. This is for the second time in succession that the bank has been conferred upon this honour.
NEW DELHI, JANUARY 25 :
STRIDES Arcolab has sold its 94 percent shareholding in Ascent Pharmahealth , its subsidiary with operations in Australia and Southeast Asia, to Watson Pharmaceuticals,
NEW DELHI,JANUARY 24 : AT the Republic Day parade (January 26, 2012) Ministry of Textiles has made a beginning of putting up tableaux on Indian handicrafts.This was announced here at a media conference on Tuesday by Mr S S Gupta, Development Commissioner, Ministry of Textiles, GoI.
The Ministry of Defence (MoD) has selected the Indian Handicraft tableaux along with 9 others, out of the 25 Ministries that applied for display of tableaux at Republic Day parade.
NEW DELHI, JANUARY 24 :
ON the basis of the current macroeconomic assessment, the Reserve Bank of India (RBI) in its monetary policy review on Tuesday cut the cash reserve ratio (CRR) of scheduled banks by 50 basis points from 6.0 per cent to 5.5 per cent of their net demand and time liabilities (NDTL). This will be effective the fortnight beginning January 28, 2012.
NEW DELHI, JANUARY 24 :
THE 7th Asia Gas Partnership Summit (AGPS 2012) ) , a two- day prestigious international biennial event will held on March 23 and 24, 2012 at Hotel Taj Palace, New Delhi.
MUMBAI, JANUARY24 :
THE private sector insurer IDBI Federal Life Insurance on Tuesday unveiled its premier Child Plan, IDBI Federal Childsurance® Dreambuilder Insurance Plan, for parents of children aged one month to 17 years.
NEW DELHI, JANUARY 24 :
QUALITY Assurance Department of Oil and Natural Gas Corporation ( ONGC) has won the "Golden Peacock National Quality Award" for the year 2011.
NEW DELHI, JANUARY 24 :
INDUSTRY body ASSOCHAM welcomed the RBI's move to cut cash reserve ratio (CRR) by 50 basis points, saying it will release Rs 32,000 crore and help fund viable projects held up due to liquidity crunch.
NEW DELHI, JANUARY 23 :
GAIL (India) registered a turnover (net of excise duty) of Rs 11260 crore in the third quarter of FY 2011-12 (Q3FY11) as against Rs 8365 crore, a 35 percent increase over the turnover in the corresponding period in the last financial year. .
NEW DELHI, JANUARY 23 :
PUNJAB National Bank (PNB) celebrated its 100 years of presence in the Eastern India in Kolkata on Sunday at ITC Sonar, Kolkata. On this occasion, Mr Pranab Mukherjee, Union Finance Minister, congratulated Mr K R Kamath, Chairman and Managing Director, Punjab National Bank and entire PNB family on this historic occasion.
NEW DELHI, JANUARY 23 :
THE government will remove existing ambiguities for strict enforcement of criminal laws to prevent growing incidents of corporate fraud as the financial sector diversifies to keep pace with the rapidly-growing economy, minister for corporate affairs Veerappa Moily said on Monday.
HYDERABAD, JANUARY 23 :
MR Square Feet, a company focused on providing end- to- end solutions to a home buyer, on Monday launched Power Welfare Society situated at Narsingi, Gachibowli in Hyderabad.
NEW DELHI, JANUARY 23 :
EXPORT Promotion Council for EOUs and SEZs (EPCES) organized a meeting of EOUs, SEZ units and SEZ developers recently with Mr Julio De La Guardia, Ambassador of Panama in India at Noida Special Economic Zone.
NEW DELHI, JANUARY 23 :
MARUTI Suzuki India registered net sales (net of excise) of Rs 76,636 million in the third quarter (October-December) of the financial year 2011-12 (Q3FY11) , a decline of 17.4 per cent over same period in the previous year.
NEW DELHI, JANUARY 23 :
THE final phase of e-procurement project was rolled out by Director (T&FS), Oil and Natural Gas Corporation (ONGC), at Scope Minar, Delhi. On the occasion he underlined the role IT has played in this achievement.
NEW DELHI,JAN 22 :
INDUSTRY body ASSOCHAM has called for restoring priority sector status for bank loans to non-banking finance companies (NBFCs) and said core investment companies (CICs) should be permitted to invest 10 per cent of the corpus in any scheme, including mutual funds.
NEW DELHI, JANUARY 20 :
RELIANCE Industries (RIL) on Friday reported net profit of Rs 4,440 crore on the third quatrer of fiscal 2011-12 (Q3FY12) as against Rs 5136 crore in the third quarter of fiscal 2010-11 (Q3FY11), a decline of 13.6 percent.
NEW DELHI, JANUARY 16 :
THE Union Finance Minister Mr Pranab Mukherjee said that the growth rate would be around 7.2 percent during the current year. He was addressing the CMDs/CEOs of banking and financial institutions in a pre-Budget meeting here on Thursday.
NEWDELHI, JANUARY 19 :
THE Ministry of Textiles on Thursday announced the second edition of Tex Trends India 2012, which aims at providing the biggest platform in Asia to the exporters and the buyers to bring together the best in Indian garments and accessories, fabrics, home furnishings and made-ups, Indian handicrafts, handlooms, silk, wool and woolen products, jewellery, jute and carpets – all under one roof.
NEW DELHI, JANUARY 19 :
COASTAL Energen , the power generating flagship company of the Coal & Oil Group, announced the progress of its 1200mw Mutiara Thermal Power Plant in Tuticorin, Tamil Nadu with COD slated within 2012-13. The plant intends to address the severe power shortage in Tamil Nadu.
NEW DELHI, JANUARY 19 :
OIL and Natural Gas Corporation (ONGC) and Cairn (Rajasthan Joint Venture) have commenced production from the Bhagyam Field in Rajasthan , according to a press release jointly issued by ONGC and Cairn India.
NEW DELHI, JANUARY 19:
INDIA, Latin America (LatAm) and the Caribbean countries have limitless potential for diversified trade engagement amid tough global macro-economic conditions stemming from the 2008 financial crisis, trade representatives and diplomats said on Thursday.
NEW DELHI, JANUARY 18 :
INDIA will need investments worth Rs 30 lakh crore in the next two decades across various segments of hydrocarbon value chain, according to a recent study jointly undertaken by Ernst & Young and apex chamber ASSOCHAM.
NEW DELHI, JANUARY 18 :
THE All India Gems and Jewellery Trade Federation (GJF) has welcomed the new rule notification from the Finance ministry on the imposition of import duty on gold and silver with mixed reactions.
NEW DELHI, JANUARY 18 :
SIEMENS has launched a range of Miniature Circuit Beakers (MCBs) and Distribution Boards (DBs) under the Betagard range.
As the company claims that the products have a lower wattage loss compared to prescribed standards with enhanced aesthetics and user-friendly features.
NEW DELHI, JANUARY 17 :
IN line with expectations, headline wholesale price index (WPI) inflation in December came in at 7.5 percent (Citi: 7.6 percent; consensus 7.4 per cent). The 160 basis points ( bps) drop in inflation over the 9.1percent print in November is due mainly to primary products inflation (weight of 20.1 percent) which slowed to 3.1 percent from 8.5 percent last month.
NEW DELHI, JANUARY 17 :
WITH inflation showing signs of moderation and velocity of exports increasing, industry body ASSOCHAM today called for 50 basis points reduction in repo rate to ease mounting cost of borrowings and at least one percentage point reduction in cash reserve ratio (CRR) to inject liquidity into the banking sector.
NEW DELHI, JANUARY 17 :
IN what promises to be a challenging year for Oil and Natural Gas Corporation (ONGC) as it sets itself up on a quest of internal renewal to effect systemic changes for its next stage of growth, the 10th ONGC Conclave introspected into maximizing its momentum of growth with the theme "Mantrana" in the picturesque serene temple town of Bhubaneshwar.
NEW DELHI, JANUARY 16 :
L&T Infrastructure Finance said on Monday it is looking to raise at least Rs 300 crore tranche 2 bonds issue which opened on January10, 2012 through a public issue of Long Term Infrastructure Bonds with a face value of Rs 1,000 each in the nature of secured, redeemable, non-convertible debentures .'
MUMBAI, JANUARY 16 :
AT the inaugural session of GridWeek Asia 2012 organized by Indian Electrical & Electronics Manufacturers' Association (IEEMA) and Clasma Events and co-located at ELECRAMA-2012, Sam Pitroda, Advisor to the Prime Minister, Government of India and Chairman, Indian Smart Grid Task Force, said>>>>
NEW DELHI, JANUARY 16 :
WITH a renewed commitment to safety, Mr. A K Hazarika, Director-Onshore launched the safety campaign 'Hum Safe' for the year 2012.r for Finance.
NEW DELHI, JANUARY 16 :
GOAIR, India's budget domestic airline with the youngest fleet, has introduced additional flights from Delhi to Kolkata and Ranchi from February 5, 2012. This enhances GoAir's day return service from Delhi to Kolkata and Ranchi.
NEW DELHI, JANUARY 15 :
THE Confederation of Indian Industry (CII) has welcomed the notification of the implementation rules for the Civil Liability for Nuclear Damage Act 2011 as a landmark legislation for India.
NEW DELHI, JANUARY 14 :
UNION Tourism Minister Mr Subodh Kant Sahai has said that MoU between India and ASEAN would serve as the key instrument for more action oriented cooperation, encouraging both parties to cooperate in facilitating travel and tourist visit and further strengthening the close tourism partnership.
NEW DELHI, JANUARY 13 :
THE Associated Chamber of Commerce and Industry of India (ASSOCHAM) has urged the government to retain the Excise Duty and Service Tax at the current rate of 10.3 per cent in its Union Budget for the fiscal year 2012-13.
NEW DELHI, India , JANUARY 13 :
UNDERWRITERS Laboratories (UL ), a globa player in advancing safety, has developed the first of what will become an annual global study examining the role of perceptions on how and where products are made, sold, bought and consumed.
HYDERABAD, JANUARY 12 :
IN a significant step towards ensuring the natural gas energy security for India , GAIL Gas , a wholly- owned subsidiary of GAIL (India) , on Thursday signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh for setting up of an LNG terminal/FSRU along the state's expansive sea coast.
NEW DELHI, JANUARY 13 :
THE real estate major Supertech on Friday launched 'ORB', a circular-shaped, 50- storey luxurious residential development, designed by interior designer Twinkle Khanna.
NEW DELHI, JANUARY 12 :
THE capital markets regulator Securities and Exchange Board of India (SEBI) said on Thursday it will reform the initial public offer (IPO) process and ensure that disclosure norms are made effective as the Indian financial markets undergo radical reforms to become globally
competitive.
NEW DELHI, JANUARY 12 :
SHIKSHA.COM , India's education portal, has introduced a common application form to facilitate MBA aspirants applying to multiple B- Schools.
NEW DELHI, JANUARY 12 :
SHIKSHA.COM , India's education portal, has introduced a common application form to facilitate MBA aspirants applying to multiple B- Schools.
NEW DELHI,JANUARY 11 :
NEARLY 18 percent of rupee depreciation between May and December 2011 has added additional rupee cost of imports to the nation by Rs. 66,000 crore despite decline in the global prices of two major imported products crude oil and thermal coal, according to the ASSOCHAM study on "Rupee Exchange Depreciation: Impact Analysis".
NEW DELHI, JANUARY 11 :
THE Chairman and Managing of Punjab National Bank (PNB) , Mr K R Kamath, reiterated bank's commitment on participative and proactive vigilance. .
NEW DELHI, JANUARY 11 :
THE Airports Authority of India (AAA) has acquired aerodrome licence for 54 of its airports in compliance with the international regulations and in conformity with regulations as set out in Part XI of Aircraft Rules 1937(Rule 78) and conditions mentioned in various Civil Aviation Requirements (CARs) issued by DGCA .
NEW DELHI, JANUARY 11 :
WORLD'S third largest company in the commercial vehicle market the Nasdaq-listed company PACCAR is looking to tap India for component sourcing and developing technology for its global operations.
TNEW DELHI, JANUARY 11 :
"FIRST-OF-ITS-KIND Clinical Trial Shows Multiple Benefits of Intervention with Change in Cooking Oil in Indians with Metabolic Abnormalities and at Risk for Diabetes", according to a study by
Diabetes Foundation (India) (DFI) & National Diabetes, Obesity & Cholesterol Foundation (N-DOC).
NEW DELHI, JANUARY 11 :
CLOSE on the heels of winning the All India Public Sector Football Tournament trophy at Ranchi, ONGC Football team has now won the All India Gold Cup at Dousa, Jaipur defeating a mighty rival in AG Kerala after a high voltage Final which ended with the scoreline of 3-2 goal in favour of ONGC.
NEW DELHI, JANUARY 10 :
IF it is the compact car segment that is gleaming its way through the 11th Auto Expo, it is the Sports Utility Vehicle ( SUVs) and Multi Purpose Vehicles (MPVs) that are painting the town red with their flair.
NEW DELHI, JANUARY 10 :
AGAINST the backdrop of spiralling fuel prices and escalating environmental concerns, vehicles driven on hybrid or green technology have emerged to be the focal point at the 11th Auto Expo 2012.
NEW DELHI, JANUARY 10 :
CAR safety mechanisms are becoming more synthesized and integrated, as the challenges still persist in making such systems cost-effective and adoption varies in India.
NEW DELHI, JANUARY 10 :
OIL and Natural Gas Corporation (ONGC) Chairman and Managing Director Mr Sudhir Vasudeva, presented a cheque for Rs 3964.35 crore to Mr Jaipal Reddy, Minister of Petroleum & Natural Gas, on Tuesday in New Delhi as the interim dividend of the company.
NEW DELHI, JANUARY 10 :
INDIA has reaffirmed its commitment to partner in the economic development of Zimbabwe. This was stated by Mr Anand Sharma, Commerce, Industries & Textiles Minister at his meeting at Harare with Mr Tendai Biti, Finance Minister of Zimbabwe .
NEW DELHI, JANUARY 09 :
TODAY India has begun playing a global role unlike ever in the past. Our economy had been relatively stagnant during the initial years after India’s independence. Then from the early 1980s the growth rate picked up. It rose further after the economic reforms of the early 1990s. And since 2005 there has been no looking back.>>>
NEW DELHI , JANUARY 09 :
H&R Johnson (India), a division of Prism Cement Limited and tile major has begun the rollout of its luxury business in Delhi & NCR region. The market rollout is part of H&R Johnson’s formal foray into the luxury bathroom business.
NEW DELHI, JANUARY 09 :
THE industry body ASSOCHAM on Monday called for granting infrastructure status to airports besides classifying aviation turbine fuel (ATF) and cement as declared goods to bring a uniform tariff structure across the country.
NEW DELHI, JANUARY 09:
OIL and Natural Gas Corporation (ONGC) has been bestowed with "Certificate of Recognition" for adopting Good Corporate Governance practices instituted by the Institute of Company Secretaries of India (ICSI).
NEW DELHI, JANUARY 08 :
THE Minister of Telecommunications and Information Technology, Mr. Kapil Sibal,visited the Bajaj Auto stall at the Auto Expo on Sunday to witness the revolutionary Next Gen RE 60,
PACCR SHOWCASES DAF TRUCK FOR COMMERCIAL VEHICLE CUSTOMERS
NEW DELHI, JANUARY 08 :
PACCAR is showcasing its premium DAF CF truck at the Delhi AutoExpo, the largest automotive show in India. “India is one of the largest and fastest growing truck markets in the world.
NEW DELHI, JANUARY 06 :
MAGNETI Marelli is showcasing its products and solutions for the Indian market in Pavilion 1A at the Auto Expo 2012 ( January 5- 11) in New Delhi.
NEW DELHI, JANUARY 05 :
AUDI, the German luxury car manufacturer, showcased an exciting display of cars at the 11thAuto Expo in New Delhi.
To celebrate its success in the Indian luxury car market and its fifth year in India , the Audi stand displayed the compact SUV - Audi Q3, the new futuristic A3 e-tron concept, the sporty Audi S6 limousine, the most powerful diesel SUV - Audi Q7 V12 and some highlights from the existing Audi India product range.
NEW DELHI, JANUARY 07 :
THE pilot transaction under Credit Enhancement Scheme, a major initiative of Indian Infrastructure Finance Company Limited (IIFCL), was launched here by the Finance Minister, Mr Pranab Mukherje at a function held in North Block, New Delhi.
NEW DELHI, JANUARY 07 :
THE regional meet of Northern Region Chapter of Forum of Women in Public Sector (WIPS) held here recently was inaugurated by Dr U D Choubey, Director General, SCOPE.
NEW DELHI, JANUARY 06 :
SREI Infrastructure Finance has come out with a maiden issue of tax -saving bonds with a face value of Rs 1000 each in the form of secured redeemable non-convertible debentures to raise up to Rs 300 crore in the first tranche.
NEW DELHI, JANUARY 06 :
PUNJAB National Bank has won Skoch Financial Inclusion Award – 2012 under "Access to banking and Financial Services" category for its Jana Mitra Rickshaw Scheme by the Skoch Development Foundation.
NEW DELHI, DECEMBER 05 :
AS part of slew of initiatives
to take forward corporate social responsibility (CSR) agenda of the bank and strengthening social ties with the society Mrs Pushpa Kamath, president of the PNB Prerna, an association of the wives of the senior management of Punjab National Bank (PNB ) and Mr K R Kamath, Chairman and Managing Director , PNB served food to the less privileged of the society at Saraswath Sanskriti Bhawan, New Rajinder Nagar, New Delhi.
NEW DELHI, JANUARY 04 :
THE latest data for the period April-November pegs the fiscal deficit at Rs 3,534 billion or 86 percent of budget estimates of Rs 4,128 billion (v/s Rs1,865 billion last year and 65 percent of budget over the last few years).
NEW DELHI, JANUARY 04 :
“THE economic ties between India and Saudi Arabia would constitute a very solid foundation for the development of strategic partnership.
Pranab Datta, Vice Chairman & MD, Knight Frank India
WHAT is in store for the real estate sector in 2012 remains the biggest question. In terms of the residential segment, the deadlock between the buyers and developers should break in favour of buyers. As this happens, the pent up demand from the section of buyers that are sitting on fence in anticipation of price correction would translate into improved fortunes for residential property market.
NEW DELHI, JAN 03 :
RADIO Netherlands Worldwide (RNW) has signed a memorandum of understanding (MoU) with Family Planning Association of India, India's major organization in the field of reproductive and sexual health.
NEW DELHI, JANUARY 03 :
BRYS Hotels has launched hotel 'BRYS Fort' in Jaisalmer. Rahul Gaur, CMD, BRYS Group and Ms Neetu Bhadla, Director, BRYS Group made this announcement in a formal event organized for this purpose.
Mumbai, January 03 :
HINDUSTAN Construction Company (HCC) , an engineering and construction major, , has received a Letter of Acceptance (LoA) for an Rs289 crore contract to construct a bulk water transmission system for Gujarat Water Infrastructure, a Government of Gujarat undertaking.
MUMBAI, JAN 03 :
RELIANCE Industries Limited (RIL) said on Tuesday that a part of the interest owned by it in the ETV Channels is being divested to TV18 Broadcast Limited (TV18).
NEW DELHI, JANUARY 03 :
"THE 99th Session of Indian Science Congress has been convened in this ancient temple city of Bhubaneswar with a long history since Cheddi dynasty.
NEW DELHI, JAN 02 :
INDUSTRY body ASSOCHAM today welcomed the government's decision to allow foreign individual investors, pension funds and trusts to directly invest in equities, calling it a bold step to shore up investor confidence and attract dollar inflows.
NEW DELHI, JANUARY 02 :
C2-C3 Plant Dahej of Oil and Natural Gas Corporation (ONGC) , won Safety Award in construction sector from National Safety Council of India (NSCI). Mr K S Jamestin, Director (HR)-I/c BD&JV congratulated the team for winning the award and advised to keep up the spirit in its future endeavours also.
NEW DELHI, DECEMBER 31 : FALL of rupee against major currencies, new norms of standard-size packaging, increase in raw material costs due to upward spiraling interest rates and inflation together might dent the performance of the fast moving consumer goods (FMCG) sector which ruled the bourses in the current calendar year, apex industry body ASSOCHAM said on Saturday.
According to a sector specific analysis of The Associated Chambers of Commerce and Industry of India >>>
NEW DELHI, DECEMBER 30 :
INDIA signed biilateral aviation safety agreement (BASA) with the United States on July 18 , 2011. This agreement provides for mutual certification of aeronautical products.
NEW DELHI, DECEMBER 30 :
THE Associated Chambers of Commerce and Industry of India (ASSOCHAM) said that the year 2012 might witness high inflationary pressures, even likely to touch 8 per cent level by the next fiscal and continue troubling the common man.
NEW DELHI, DECEMBER 30 :
VOLVO Bus Corporation, on Thursday unveiled new range of buses, comprising city bus and coaches targeting inter-State routes and cities.
NEW DELHI, DECEMBER 30 :
AFTER suffering a debt burden of Rs one lakh crore during 2000-10 and losses of Rs 20,000 crore in the past three years, Indian civil aviation industry can again fly on a growth curve in 2012 if the government lowers taxes on jet fuel, upgrade airport infrastructure and allow three major airlines – Jet Airways, Kingfisher Airlines and SpiceJet – to offload 49 per cent of promoters' stake to foreign airlines for raising Rs 2,550 crore, industry body ASSOCHAM said on Friday.
NEW DELHI, DECEMBER 29 :
OIL and Natural Gas Corporation (ONGC) sponsored short film titled 'Back to the Roots' won the Jury Special mention Award at 'Vatavaran 2011 – The Environment and Wildlife film festival and forum'.
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NEW DELHI, JANUARY 26 : 
MUMBAI, JANUARY 25 : 
NEW DELHI,JANUARY 24 : AT the Republic Day parade (January 26, 2012) Ministry of Textiles has made a beginning of putting up tableaux on Indian handicrafts.This was announced here at a media conference on Tuesday by Mr S S Gupta, Development Commissioner, Ministry of Textiles, GoI. 
NEW DELHI, JANUARY 16 : 
NEW DELHI, JANUARY 15 : 
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