11844 stories by IPA Staff
Stop Just Looking – Grab East!
Its significance lies in the fact that it took 40 years to happen. Next week,Bangladeshis set to honour a number of Indians, including Lt Gen J F R Jacob, one of the architects of the Indian army’s victory over Pakistani forces in the 1971 war. Those unfamiliar with history...
FLAG Telecom To List, Divest 75% For $1.25-1.5 Billion
NEW DELHI: Reliance Communications-controlled FLAG Telecom has filed a prospectus in the Singapore Stock Exchange to list and divest 75 per cent stake in the submarine cables business for $1.25-1.5 billion (Rs 6,250-7,500 crore). The transaction is expected to be completed by the second week of May, according to...
New Tax Plan Won’t Hurt Investment, Says Government
NEW DELHI: Allaying fears of the industry, finance secretary R.S. Gujral on Sunday said budget tax proposals are not meant to cause undue harassment to companies and will not impact overseas investment into the country. But in an indication that the government plans to stick to its stand, Gujral...
Time Is Right For Rate Cut, Says R. Gopalan
The finance ministry is budgeting on the provisions in the budget to spur growth. R Gopalan, secretary, economic affairs in the ministry of finance, says it may be time for the Reserve Bank of India to rethink its monetary policy. Excerpts from an interview with ET. The budget seems...
Budget 2012 Proposal May Make Private Equity, Venture Funds Investment Difficult
MUMBAI: Private equity firms and capital venture funds, eyeing stakes in companies, will find it tougher to make investments in the country if a Union Budget proposal becomes a law. The proposed rule requires firms to pay income tax on the premium they have charged over their fair market...
Power Companies Seek More Policy Initiatives
MUMBAI: The private power producers are happy with the announcement of a slew of goodies for the sector in the Budget, but unanimously say that it makes only a marginal difference and a lot more needs to be done. They now want the government to take policy initiatives, regulators...
Tax On Offshore Share Transfers May Hit Cross-Border M&A Deals
MUMBAI: India Inc, which saw a declining number of mergers & acquisitions (M&As) in 2011, is set to face another blow in the form of a new tax proposal from the finance ministry in the Union Budget. The government has proposed to retrospectively tax offshore share transfers of foreign...
Pandora's Box Opens With Domestic Transfer Pricing
MUMBAI: Having tasted blood with huge transfer pricing orders slapped on companies with cross-border operations this financial year, the finance minister has cast his net wider and deeper for the next one. Budget announcements will substantially expand the scope of transfer pricing (TP) provisions by including domestic transactions for...
Govt dials auction to raise Rs 58k crore
NEW DELHI: A cash-strapped government is once again looking to tap the telecom sector to raise over Rs 58,000 crore through auction of spectrum, including those vacated by 122 telecom licence holders who were ordered to surrender permits and airwaves by the Supreme Court. The realization from the 122...
Mayawati's security cover reduced
LUCKNOW: The Uttar Pradesh government on Saturday morning ordered reduction in the size of the 415-men strong security cover given to Bahujan Samaj Party (BSP) supremo and former UP chief minister Mayawati. She will now be under the Z-plus security cover – 36 National Security Guard’s (NSG’s) Black Cats...
I will get married by the end of this year: Kareena Kapoor
Actress Kareena Kapoor, who is busy shooting for Madhur Bhandarkar’s “Heroine”, says she will get married to beau Saif Ali Khan by the end of the year. Reports suggested that the Bollywood couple was planning to tie the knot after the release of Saif’s home production ” Agent Vinod”...
More coal imports likely following duty reduction
Seeking to address the coal shortage affecting the power and steel sectors, government has announced a slew of measures for enhancing its availability in the Budget, a development welcomed by Coal India Ltd. “We welcome the removal of import duty on coal,” Coal India (CIL) Chairman and Managing Director...
TN will be informed in advance about visits of Sri Lankan VIPs: PM
Prime Minister Manmohan Singh on Saturday assured Tamil Nadu Chief Minister Jayalalithaa that the State government would be informed about the visits of Sri Lankan VIPs and other dignitaries in advance. “I am asking our authorities to bear your views in mind when they handle such visits in future...
Trinamool Congress asks Trivedi to resign
Railway Minister Dinesh Trivedi, who has earned his party’s wrath for hiking passenger fares in the Railway Budget, was today asked to quit his post by the party but he insists that Trinamool chief Mamata Banerjee should make the demand in writing. Trinamool Congress chief whip Kalyan Banerjee, who...
Indian filmmakers need to change mindset to make global films
MUMBAI: Indian films have won laurels, been applauded at the box office and are watched theatrically, on television and many other available mediums. What then is the reason that they have failed to make it to the Oscars? In fact, Indian cinema can make an impact internationally since many...
Budget: Entertainment, amusement services exempted from service tax
NEW DELHI: The Government today placed “admission to entertainment or access to amusement services” in the Negative List – a new List for which there will be no service tax. Advertisements broadcast by television or radio, however, will be excluded from the Negative List. What could hurt is the...
MSM's upcoming sports channel christened Six
MUMBAI: Multi Screen Media’s (formerly Sony Entertainment Television) vision of having a sports channel in its portfolio is close to fructification as the channel has named its soon-to-be launched channel as Six, say sources. Sources also say that Nitesh Kripalani is tipped to be the business head of the...
Old-fashioned in story and treatment
MUMBAI: Zindagi Tere Naam, almost a decade old film, has finally been released. Its release just helps close the chapter and forget about it since even if it is a 10-year-old project, it is at least 30 year-old in its story and treatment. Producer: Shree Sai Pictures. Director: Ashuu...
