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Business
Hero MotoCorp Profit, Income up in 2014-15
Chennai, May 7 (IANS) Two wheeler major Hero MotoCorp Ltd on Thursday said it closed last fiscal with a net profit of Rs.2,385.64 crore up from Rs.2,109.08 crore posted during 2013-14.
The company's board recommended a final dividend of…
BMW to launch 15 Products, increases Localisation Levels
Chennai, May 7 (IANS) German luxury car maker BMW would launch 15 new products in India and has increased the localisation levels to 50 percent, senior company officials on Thursday. Speaking to reporters at BMW India's plant near here, BMW…
India – One of World’s Fastest Growing Economies: IMF
Washington, May 7 (IANS): India's growth rate is expected to rise to 7.5 percent this year and next, making it one of the fastest growing economies in the world, according to the IMF's latest economic health check.
The other Asian giant…
Cabinet approves MoU with Seychelles on Renewable Energy
New Delhi, May 6 (IANS) The union cabinet on Wednesday approved a memorandum of understanding (MoU) inked with Seychelles on renewable energy cooperation during Prime Minister Narendra Modi's visit to Seychelles.
"The objective of the…
Railways Ministry implement 39 Budget Announcements
New Delhi, May 6 (IANS) During the first 36 days of the current fiscal, the railways ministry has implemented 39 announcements made by Railways Minister Suresh Prabhu in his budget speech, the government said on Wednesday.
In a…
Union Cabinet approves revision Double Taxation Avoidance Agreement
New Delhi, May 6 (IANS) The union cabinet on Wednesday approved revision of the Double Taxation Avoidance Agreement (DTAA), which was signed in 1985 between India and South Korea to avoid double taxation and prevent fiscal evasion with…
India working with WTO for Solution on Food Security
New Delhi, May 6 (IANS): India is working with the World Trade Organisation (WTO) members to ensure a permanent solution on the issue of food security at the earliest, the government said on Wednesday.
"India is working with the WTO…
BSE Sensex, NSE Nifty crash by more than 2%
Mumbai, May 6 (IANS) A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), plunged 672.21 points or 2.45 percent during afternoon session on Wednesday. The wider 50-scrip Nifty of the National Stock…
Phillips Carbon Black’s Net Profit up by 112% in 2014-15
Kolkata, May 6 (IANS) India's largest carbon black manufacturer, Phillips Carbon Black Ltd., on Wednesday said its consolidated net profit during April 2014 to March 2015 rose by over 112 percent at Rs.10.67 crore against a loss of Rs.86.56…
Lok Sabha passes 122nd Amendment (GST) Bill, 2014
New Delhi, May 6 (IANS): The Lok Sabha on Wednesday gave its consent to a far-reaching amendment to the Constitution to pave the way for a pan-India goods and services tax regime and create a unified market across the country, doing away…