Investors are increasingly making a beeline for the stringent know your customer norms, which were introduced under the Prevention of Money Laundering Act 2002.
The country's largest paper producer Ballarpur Industries Ltd has posted a net profit of Rs 74.5 crore for the third quarter ended March 31, 2008, an increase of 14% over the corresponding period a year ago.
Coca-Cola has decided to withdraw the registration of the Maaza trademark in countries outside India. The move is expected to bring down the curtains on the current trademark row with Ramesh Chauhan-owned Bisleri.
Indians are using their cell phones—some 300 million have subscriptions, vs. only 30 million PCs—as a "one-stop shop" for everything from e-mailing to banking
Amidst security concerns raised by law enforcement agencies on the use of Blackberry services, India has assured Canada that commercial interest of RIM, the maker of Blackberry, would be kept in mind while taking any final decision.
Finance Minister P Chidambaram said that he does not expect any increase in interest rates by PSU banks in reasonable future.Loans to individual housing sectors grew by 16.44 per cent to touch Rs 1,48,489 crore (Rs 1484.89 billion) as on
Steel czar Lakshmi N Mittal is mulling floating an oil and gas company as part of his inorganic growth path for achieving bid in the hydrocarbon sector.Mittal is likely to transfer oil and gas assets he has acquired over the
Air travel is going to be dearer as major airlines have decided to raise the fares by at least 10 per cent besides increasing the fuel surcharge. The move by Air India, Jet Airways, Spicejet and Kingfisher comes in view
Responding to charges of cartelisation against the industry, newly-elected CII president K V Kamath on Thursday said corporates must ask themselves whether their actions in a demand-driven market was causing distress to others.
Anil Ambani group's Reliance Power appears to have failed to hold back a large number of foreign and domestic shareholders, even by offering bonus shares, yet it remains the most widely held entity in India.Among the institutional investors, a marked
Owing to another rise in jet fuel prices this month, airlines, such as Spice Jet, have decided to hike the fuel surcharge levied by them on tickets by Rs 150 for short haul sectors (less than 750 kms) and by
The Internet and Mobile Association of India (IAMAI) has named Ajit Balakrishnan as its Chairman Emeritus.The governing board of the IAMAI has also unanimously elected Sanjeev Bikhchandani as its chairman for 2008-09.
