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  • Car firms may get relief from additional excise duty pain

    Roudra Bhattacharya:  New Delhi, May 25, 2013 at 0244 hrs ISTCarmakers may get a reprieve from the recent demand for additional excise duties by tax authorities for cars sold at discounted prices, with a final decision expected to be announced by the finance minister by end-June, sources told FE.

  • Rising coal imports drag railways to pits

    Rajat Arora: New Delhi, May 25, 2013 at 0246 hrs ISTThe sharp increase in coal imports to meet the rising demand-supply gap is stretching the Indian Railways.

  • IPL scandal: Srinivasan distances himself from Gurunath

    fe Bureau: Chennai, May 25, 2013 at 0249 hrs ISTBCCI president N Srinivasan-owned India Cements went into a damage control mode on Friday after Chennai Super Kings chief Meiyappan Gurunath’s name cropped up in the spot-fixing scandal

  • Legalise betting to fix problem, says Ficci

    Press Trust of India: New Delhi, May 25, 2013 at 0300 hrs ISTIn the wake of the IPL spot-fixing scandal, Federation of Indian Chambers of Commerce and Industries has called for legalising sports betting in the country.

  • Govt moves SC against Sanofi

    Indu Bhan: New Delhi, May 25, 2013 at 0237 hrs ISTIn a case similar to that of the Vodafone group's $2- billion tax dispute, the finance ministry on Friday moved the Supreme Court against French drug major Sanofi demanding around R1058.07 crore for a cross-border merger involving Indian assets of Hyderabad-based Shantha Biotechnics

  • A few hundred inspectors for 10,500 drug units

    Jayati Ghose: New Delhi, May 25, 2013 at 0239 hrs ISTIndia has as many as 10,500 drug manufacturing units but just a few hundred inspectors to verify if these units follow the mandatory Good Manufacturing Practices
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  • IPA slams Pfizer’s testimony to panel

    Jayati Ghose:  New Delhi, May 25, 2013 at 0240 hrs ISTThe Indian Pharmaceutical Alliance (IPA) has reacted sharply to Pfizer's written testimony before the House committee on ways and mea-ns (subcommittee on trade) on US-India trade relations

  • DoT for contempt proceedings against Idea

    fe Bureau:  New Delhi, May 25, 2013 at 0234 hrs ISTThe telecom department has asked the Delhi High Court to initiate contempt proceedings against Idea Cellular and its top brass, including its chairman Kumar Mangalam Birla

  • AI spends 85% of equity infusion on salaries, loans in FY13

    Press Trust of India:  New Delhi, May 25, 2013 at 0236 hrs ISTAir India spent over 85% of its R6,000-crore equity infusion last year on clearing pending staff salaries, paying off aircraft loans and interest and its debt to oil companies and airport operators.

  • As mkts dip, FM assuages investor fears

    fe Bureau:  New Delhi, May 24, 2013 at 0232 hrs ISTOn a day when global markets nosedived after US Federal Reserve chairman Ben Bernanke's comments on stimulus

  • Shielded from competition, CIL output stagnates amid half-baked govt measures

    Noor Mohammad:  New Delhi, May 24, 2013 at 0237 hrs ISTCoal India, the country's monolithic commercial miner, beneficiary of an opaque pricing policy largely separated from global market,

  • Ministries agree to let Cos Bill ‘control’ foreign investment regulation

    fe Bureau:  New Delhi, May 24, 2013 at 0235 hrs ISTIn a significant move, the finance and commerce ministries have decided to accept the definition of 'control' as in the Companies Bill cleared by the Lok Sabha for the purpose of regulation of foreign investment as well.

  • Fuel subsidy pegged at Rs20,000 crore

    New Delhi, May 24, 2013 at 0233 hrs ISTFinance minister P Chidambaram on Thursday said he expected the government's share of oil subsidy burden in 2013-14 to be not more than R20,000 crore against R1 lakh crore (including R45,000 crore to be paid this year).

  • On UPA’s ninth anniversary, Manmohan eyes a Perfect 10

    fe Bureau:  New Delhi, May 23, 2013 at 0118 hrs ISTAs the United Progressive Alliance (UPA) turned nine on Wednesday, Prime Minister Manmohan Singh pledged to work with renewed vigour and drew his detractors’ attention to the “corrective steps” being taken by the government to fix lingering problems. The Opposition, however, sought to train guns at “failures” of the ruling alliance.