Financial firms grab largest pie from IIM-A talent pool

At the end of the summer placement process for 2009-11 batch, the country’s premier management Indian Institute of management -Ahmedabad saw finance companies taking the largest pie of the talent pool.

Forex reserves fall by $1.12 m

The forex reserves have fallen by $1.12 million to $284.39 billion in the week ended on October 30. The rupee rose for a third day, the longest stretch of gains in a month, as signs of the global economy is recovering from a recession buoyed demand for the nation’s assets.

Sebi move on better client access to limit sub-brokers

The stock market regulator Securities and Exchange Board of India has decided to allow Sebi-registered stock brokers, including trading members of stock exchanges, to

India, Sweden to talk climate deal & civil nuclear cooperation

Evolving a consensus on a new global climate deal and promoting civil nuclear cooperation between India and Sweden will top the agenda of the bilateral discussions between the two countries.

IIM-K claims 100% placements

While IIM Ahmedabad sees the fifth and IIM Calcutta the third day of summer placements for their respective 2009-2011 batches, IIM Kozhikode with a batch of 300-plus students....

Primary article inflation dips 0.1%; monthly index next week

The government on Thursday introduced a new mechanism for monitoring the wholesale price movement under which the inflation for primary articles, including foodgrain, pulses and....

Centre hikes wheat MSP marginally

The government on Thursday raised the minimum support price of wheat for the 2009-10 crop marketing season by a nominal 1.85%, the smallest rise in four years, inviting....

Tech transfer, royalty payment norms eased

The government has done away with permission required to transfer technology from foreign firms involving use of trademark, brand name as well as payment of royalty by collaborating Indian companies.

Direct tax kitty grows 4% in Apr-Sept

Direct tax collections grew by 3.92% to Rs 1,73,447 crore for the first seven months of current fiscal, around Rs 2 lakh crore short of the target for the mop-up this financial year.

Finmin to review tax code proposals on salaried individuals, property

Providing relief to salaried employees, the finance ministry will review the provisions in the Direct Taxes on taxation of salaried individuals as well as taxation of income from house.....

Telecom subscriber base crosses 500 million mark

Amidst the raging tariff war leading to telecom stocks getting hammered on the bourses, the country's total subscriber base crossed the 500-million mark in September, 15 month ahead of the targeted schedule of December, 2010.

In Brief

NCAER lowers GDP growth projection to 6.9% for 2009-10 Economic think tank National Council of Applied Economic Research on Wednesday lowered the economic growth projection to 6.9% for the current fiscal from earlier estimate of 7.2%, mainly on account of lower farm output.

Sebi to take up SME listing rules on Nov 9

The Securities and Exchange Board of India is likely to consider relaxing listing standards for small and medium enterprises in a meeting slated for November 9.

Centre, states lock horns over cane price issue

The rush to please sugarcane farmers became Centre-state row on Wednesday when Uttar Pradesh joined Punjab government to snub the central government’s “fair and remunerative price” as too low.

Investors hail RBI’s gold purchase move

Investment community and markets have welcomed Reserve Bank of India decision to purchase 200 tonne of gold, which is valued at Rs 31,490 crore from the International Monetary Fund, under its limited gold sales programme.

In Brief

The government has ordered a safety audit of all oil and gas installations across the country after the massive fire at the Indian Oil Corp’s fuel depot in Jaipur, which is raging even five days after breaking out.

Raja wants telcos to cut termination charges

As tariff wars rage among the mobile operators, the communications and IT minister A Raja on Tuesday in a meeting with the CEOs of the telecom companies requested....

Telecom panel meeting on Nov 11 to review auctions

The inter-ministerial committee on 3-G spectrum and broadband wireless auction is slated to meet on November 11 to take stock of the situation for auctions slated to begin from January 14. Member finance in the telecom commission..

Govt has no plans to curb capital inflows, says Pranab

The government does not have any plans to restrict capital inflows in to the country, finance minister Pranab Mukherjee said at the Economic Editors Conference here on Tuesday.

Sep imports fall 31% even as exports look up

Even as the dip in India’s exports narrowed in September compared to the levels seen in previous months, the pace of contraction in imports has remained unchanged as appetite for foreign goods in the country remained weak.

In Brief

The government would contest the claims of European steel product makers that it is subsiding domestic manufacturers and has asked the engineering industry to collect data that would help in defending Indian firms.

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Events

Financial firms grab largest pie from IIM-A talent pool

Forex reserves fall by $1.12 m

Sebi move on better client access to limit sub-brokers

India, Sweden to talk climate deal & civil nuclear cooperation

IIM-K claims 100% placements

Primary article inflation dips 0.1%; monthly index next week

Centre hikes wheat MSP marginally

Tech transfer, royalty payment norms eased

Direct tax kitty grows 4% in Apr-Sept

Finmin to review tax code proposals on salaried individuals, property

Telecom subscriber base crosses 500 million mark

In Brief

Sebi to take up SME listing rules on Nov 9

Centre, states lock horns over cane price issue

Investors hail RBI’s gold purchase move

In Brief

Raja wants telcos to cut termination charges

Telecom panel meeting on Nov 11 to review auctions

Govt has no plans to curb capital inflows, says Pranab

Sep imports fall 31% even as exports look up

In Brief