Australia’s Babcock and Brown to shut India ops in global revamp

The  local arm of Australia’s Babcock and Brown Ltd, Babcock and Brown India Pvt. Ltd is shutting its India operations as part of the parent’s global restructuring, a top executive said on condition... Read more

Company Review: Indian Hotels

The Indian tourism and hospitality industry exhibited weak signals in Q3’09, in accordance with our expectations. The recent terror attacks in Mumbai compounded the woes of the industry, which was... Read more

Inflation drops to 4.39% from previous 5.07%

India’s wholesale price index rose 4.39% in the 12 months to 31 January, below the previous week’s annual rise of 5.07%, government data showed on Thursday. It was just below a median forecast... Read more

Economic slump hits Rs15,000 cr Dharavi redevelopment project

The economic slowdown and liquidity crunch has resulted in a significant change in the contours of some consortia bidding for the Rs15,000 crore redevelopment project of Dharavi, Mumbai, which is Asia’s... Read more

Negative FY08-09 EPS growth puts dividends at risk

The FY 1997-98 Asian financial crisis saw falling profit together with a lack of credit lead to a dividend cut of 20%. While deleveraging has led to healthy balance sheets for Asian corporates, given the... Read more

Banks’ increased institutional shareholding a concern

The increased institutional shareholding in India’s banking sector has evoked some concerns about the vulnerability of these shares to a sharp sell-off. Institutions have been accumulating banking shares... Read more

ICICI Venture execs resign from Subhiksha board

After shutting down all its 1,600 stores, troubled retailer Subhiksha is now faced with board members’ resignations.It is learnt that representatives of ICICI Venture — which holds 23% in the retail... Read more

Print media companies rise on custom duty waiver

Shares of newspaper publishers were in demand Thursday after media reports that the government waived customs duty on newsprint to provide relief to the print media industry. The concessions include full... Read more

Satyam’s auditors (PWC) in more trouble over GT Bank Account

Already under the scanner in the Satyam scam, more trouble awaits auditors Pricewaterhouse Coopers (PWC). The Institute of Chartered Accountants of India (ICAI) has found two partners of PWC being involved... Read more

Companies seek cut in income, corporate tax; sops for export

A week ahead of the interim budget, industry chambers have asked the government to reduce income and corporate tax to 25% and boost infrastructure investments, besides extending sops for exporters, reeling... Read more

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