India Inc’s plans to raise over Rs 30,000 crore from initial share sales this year have been put on the back burner as investors’ appetite remains low and promoters are unwilling to sell at lower valuations. Several private sector companies that had got a nod for initial public offers (IPOs) from the Securities and Exchange […]
The company had in-house yoga trainers for its 1,000-odd jobbers to browse multiple screens with minimum neck movement. It used to run popular monthly contests for fastest keyboard punchers. In reply to a Parliament query a couple of years ago, it was named the country’s largest volume generator with a market share of 7-8 per […]
With rising veterinary costs, there is an increasing demand for health insurance for pets, although this product is currently not available. On the other hand, pet life insurance which is available, finds hardly any takers. http://www.thehindubusinessline.com/industry-and-economy/banking/article2276818.ece?homepage=true
A McKinsey Personal Financial Services Survey for 2011 released on Wednesday has found that banks have seen a dramatic 40 percentage point decline in loyalty of the financial customer in just four years. http://www.business-standard.com/india/news/keeping-consumers-tougher-for-banks/443401/
Female salaried employees are paying less tax than their male counterparts due to lower tax slabs and better investments, with the percentage of women with a low tax ratio of 0-5 per cent higher than their male counterparts, according to the latest study. http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/females-better-tax-planners-says-report/articleshow/9296745.cms
Final IPO norms for life insurance cos by month end Insurance watchdog (Irda) today said the final guidelines to allow life insurance companies to raise funds from the capital market will be out by this month-end. “With regard to life companies, the work on IPO guidelines is more or less complete and we would be […]
Commodity brokers directed to clear dues, with late penalty; HC petition on levy pending since 2005. The Maharashtra government has issued notices to a number of members of various commodity exchanges for immediate payment of pending stamp duty dues, along with a late penalty of two per cent per month http://www.business-standard.com/india/news/maharashtra-again-fires-stamp-duty-gun/442762/
At a time when most brokerages in this country are struggling due to shrinking cash market volumes and low commission, several foreign firms are betting big on India. Foreign majors such as Daiwa, Jefferies, Barclays, RBS, Espirito Santo and Newedge have hired senior and mid-level executives in the past three months and plan to add […]
SEBI has said limited liability partnership (LLP — a concept which came into being in India only in 2008) firms should be considered as a body corporate and are eligible to become members of stock exchanges. In a clarification on Monday, SEBI observed that LLP were akin to limited liability companies (LLC) and partnership firms, […]
At a time when the government is grappling with the black money menace, the RBI has penalised as many as 48 small banks in just six months, for lapses in implementing customer identification norms and various other violations http://timesofindia.indiatimes.com/business/india-business/RBI-fines-48-banks-for-violation-of-KYC-AML-norms-in-6-months/articleshow/9173546.cms
