Faced with a ban on his movie, director Karan Joharpledged not to work with Pakistani artistes anymore. With the Maharashtra Navmirman Sena (MNS) threatening to disrupt screenings of his movie featuring Pakistani actorFawad Khan along with other Indian film actors, Home Minister Rajnath Singh has had to intervene to assure ... Read More »
RIYADH, SAUDI ARABIA: A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say. But a senior Saudi business leader has dismissed such concerns, insisting the country’s most sought-after business partners could easily ... Read More »
The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term and cut interest rates again early next year with an aim to boost already-solid growth a little bit more, a Reuters poll found. New RBI Governor Urjit Patel and his ... Read More »
Indian shares gained most in nearly five months on Tuesday, bouncing back from the previous session’s multi-month lows, led by financial stocks such as ICICI Bank, while companies including Zee Entertainment Enterprises Ltd and Tata Steel Ltd rose on short-covering. The benchmark Sensex closed up 1.89 percent at 28,050.88, while ... Read More »
The minutes of the Indian central bank’s maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation, spurred the bank’s recent rate cut decision. The minutes from the 2-day meeting on October 3-4, which saw all six ... Read More »
Finance ministry and state finance ministry officials gathered in New Delhi on Tuesday for a three-day meeting that will seek to finalise the main rate of the Goods and Services Tax and pave the way for its introduction next April. The long-delayed tax, which would transform Asia’s third-largest economy into ... Read More »
Debt laden Reliance Communications Ltd (RCom) of the Reliance Anil Dhirubhai Ambani Group has signed a non-binding term sheet for the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore. Under the term sheet, ... Read More »
Within days of India signing the Paris Climate Treaty, Finance Minister Arun Jaitleyon Friday said tax on environment unfriendly products will be ‘distinct’ from others in the forthcoming GST regime so as to boost funds for climate financing. “The indirect tax regime that we are planning, the rate of taxation ... Read More »
IT blue CHIP Infosys has reported a 6.12 per cent rise in consolidated net profit at Rs 3,606 crore for the quarter ended September 2016 against Rs 3,398 crore in the same period of last year. However, the company slashed the revenue outlook for the fiscal year ending March 2017 ... Read More »
Sounding exuberant, veteran banker and New Development Bank (NDB) President K V Kamath has said everything is going right for India at present and the third largest Asian economy will witness a “sudden uptick” in fortunes soon. “Everything is going right… the government should keep the accelerator fixed firmly to ... Read More »
Duke Energy announced it has reached an agreement to sell its international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt). This represents the full remainder of the Latin American businesses Duke Energy ... Read More »
Duke Energy Corp. has reached deals to sell the bulk of its international energy business for about $2.4 billion, roughly the lowered value of the businesses in its books. Charlotte, N.C.-based Duke, which last year bought Piedmont Natural Gas as it shifted focus to its regulated utilities business in the ... Read More »
