Lebanon's Finance Ministry said Thursday that the budget deficit in the first three months of 2008 fell slightly thanks to higher revenues. But the ministry said the size of the gross public debt reached LL65.102 trillion ($43.2 billion), registering an
As is common practice of key parties associated with high-profile M & A deals being referred to by code names, this time around, Reliance has reportedly become 'Rome', MTN is 'Madrid' and Ambani is 'Apollo'.
It is easy to transfer the burden to the consumers but it will increase inflation. The government should rather change the tax structure and earmark its tax earnings from oil companies," party politburo member Sitaram Yechury said. The finance ministry
An insurance company would be under an obligation to pay a claim only after a cheque issued towards the policy premium is encashed, the Supreme Court has said. Interpreting Section 64VB of the Insurance Act, the apex court said, a
The Reserve Bank of India on Thursday liberalised the policy governing borrowings by oil companies, a move aimed at helping them muster funds to meet their crude import requirements.
New York's main oil futures contract, light sweet crude for July delivery, fell 77 cents to 130.26 dollars per barrel. The benchmark contract shot up 2.18 dollars to close at 131.03 dollars at the New York Mercantile Exchange. London's Brent
Favourable weather in the cardamom producing regions of Kerala and Tamil Nadu could see the cardamom production for 2008-09 cross 13,000 tonne, farmers said.
Giving details on the possible impact of the downfall in international cotton markets, Kishore Shah secretary, Central Gujarat Cotton Dealers Association, informed that in the international markets cotton prices are down by 3 cent per pound, resulting in a fall
Federation of Indian Chambers of Commerce and Industry, an association of business organisations in India, recently signed a Memorandum of Understanding with the World Gold Council for promoting the gold jewellery sector in the country.
The Mumbai airport's upgradation will open up a humungous 5.7 crore sq ft or about 132 acres of real estate (almost seven Oval maidans), exclusively for non-aeronautical purposes like retail, commercial and hospitality. The area is mainly around Sahar village,
The rental gap between IT and ITes office space and others is widening as per the latest report by real estate consultant Jones Lang La Salle, leading to a severe supply crunch for the non-IT segment.The rental gap, the report
The Blue Ridge IT/ITES SEZ is an international 2.88 million sq. ft. SEZ with an integrated township. Located in the Silicon Valley of Pune-Hinjewadi and being the first notified SEZ in Phase-I it is built on the principles of Facilities,
As property prices continue their downward spiral in Britain, NRI investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country.Every week, leading mortgage lenders and estate agents publish
K Raheja Corp, one of India's leading real estate and retail companies, has entered into an exclusive franchise agreement with Servcorp, global leaders and pioneers of the fully functional serviced offices and virtual offices' business, to establish a presence in
The move, being carried out by airlines across the globe, would enable savings of an estimated three billion dollars per year, excluding the cut in costs of transaction and back-office paper work. "An estimated five billion A4 sheets were needed
The situation has become alarming enough for the government to call a meeting of airline chiefs to review the growth of the industry as it has a direct impact on airport expansion plans. Along with private players, the Airports Authority
The market opened higher after crude oil fell from record levels and swung between positive and negative territory in the mid-morning trade. It spurted in afternoon trade after the Finance Ministry said some media reports about new tax proposals to
The Bombay Stock Exchange 30-share index ended the day at 16,525.37, a rise of 249.78 points, or 1.53 per cent, over its previous close. The BSE barometer touched the intra-day low of 16,217.78 points after a good start at 16,358.62
Selling pressure in the domestic market gathered momentum on reports that gold fell by nearly 18 dollar in the US markets last night after the consumer confidence data was released which was below expectation, marketmen said. They said the forex
