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Indirect tax collection growth shows economy improving: CEA

Aug-12-2015 | 0 Comments

Indirect tax collection growth shows economy improving: CEA NEW DELHI: The finance ministry on Wednesday said a steady 37 per cent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.

"These collections indicate that the underlying momentum in the economy continues to improve across al... Read Full Story »

SpiceJet unveils three new flights, 137 new connections

Aug-12-2015 | 0 Comments

SpiceJet unveils three new flights, 137 new connections CHENNAI: SpiceJet has introduced three new flights and 137 new connections which offers more options for passengers to fly the same airline on a single ticket to reach small towns in its current network.

The three new services which will be launched on August 29 are a Delhi-Guwahati-Agartala d... Read Full Story »

Dollar could suffer if US walks away from Iran deal : Kerry

Aug-12-2015 | 0 Comments

Dollar could suffer if US walks away from Iran deal : Kerry NEW YORK: If the United States walks away from the nuclear deal struck with Iran last month in Vienna and demands that its allies comply with US sanctions, the dollar may soon cease to be the world's reserve currency, the top US diplomat said on Monday.

"If we turn around and nix the deal and ... Read Full Story »

Takata airbag-related vehicle recalls likely to continue

Jul-13-2015 | 0 Comments

Takata airbag-related vehicle recalls likely to continue CHENNAI: Recalls related to Japanese airbag maker Takata, which have been staggered out over the past three years, may continue for the next 12 to 18 months as global disclosures dictate local recall policies, say top auto industry sources.

Auto executives say Takata-related recalls are part o... Read Full Story »

India’s exposure to Greece is limited, RBI governor

Jul-03-2015 | 0 Comments

India’s exposure to Greece is limited, RBI governor CHENNAI: The governor of the Reserve Bank of India, Raghuram Rajan on Thursday said that the Indian economy was in a recovery phase. "There are signs of pick up in capital investments," he said. But he added that sustainable growth would require greater reforms and putting stalled projects back on track.
Read Full Story »

Staff acquire VINCI's stake in infrastructure company NAPC as French giant exits India

Jun-29-2015 | 0 Comments

Staff acquire VINCI's stake in infrastructure company NAPC as French giant exits India CHENNAI: At a time when the world's largest construction company — VINCI of France — did not see potential in India and pressed the exit button, in a giant leap of faith, the employees of the company have stepped in to acquire the French company's stake in NAPC, a Chennai-based infrastructure company. Read Full Story »

Indian Bank CEO TM Bhasin quits; takes up new role at CVC

Jun-11-2015 | 0 Comments

Indian Bank CEO TM Bhasin quits; takes up new role at CVC CHENNAI: State-owned Indian Bank today announced top level changes in the management, with current managing director and CEO, TM Bhasin demitting office, to take up new responsibility in Central Vigilance Commission.

Bhasin was recently appointed as Vigilance Commissioner by President Pranab M... Read Full Story »

Big trucks' sales up, smaller ones’ lag

May-29-2015 | 0 Comments

Big trucks' sales up, smaller ones’ lag CHENNAI: There is a lot of cheer at the top-end and gloom at the bottom of the pyramid. We're talking about the truck and the bus market.

A market that started limping out of its worst slowdown in a decade mid-last year, is now more or less out of the woods.

According to senior... Read Full Story »

Ripples of Takata’s 34m recall in India

May-21-2015 | 0 Comments

Ripples of Takata’s 34m recall in India CHENNAI: It's the largest automotive recall in American history and understandably it will create ripple effects in markets across the world, including India. Japanese air bag maker Takata Corp's announcement that it would double a recall of potentially defective airbags to cover a staggering 34 million vehic... Read Full Story »

HCL sets up talent solutions company

May-15-2015 | 0 Comments

HCL sets up talent solutions company CHENNAI: After creating a place for itself in technology and healthcare, HCL Corporation has now entered the skill development space with the launch of HCL TalentCare, an end to end talent solutions company incorporated under HCL Corporation. The aim of the venture is to create a ready pool of professionals f... Read Full Story »

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