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Insurance FDI: AXA to up stake in Bharti JVs for Rs 1,290 crore

Insurance FDI: AXA to up stake in Bharti JVs for Rs 1,290 crore

05 May 2015

New Delhi: The government has approved French insurance firm AXA raising stake in its life insurance joint venture with Bharti Group to 49 percent for Rs 858.6 crore.

Insurance,   FDI,   Insurance FDI,   AXA,   Bharti group,   Insurance Bill,   FIPB,   Latest Business News ,  
LPG subsidy not to be taxed: Finance Ministry

LPG subsidy not to be taxed: Finance Ministry

05 May 2015

New Delhi: Finance Ministry on Tuesday clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax.

LPG subsidy,   Taxes,   Finance Ministry,   Income Tax,   Finance Bill,   Lok Sabha,   Latest Business News ,  
Kotak Mahindra shares surge 6.5 percent; m-cap jumps Rs 26,567.61 crore

Kotak Mahindra shares surge 6.5 percent; m-cap jumps Rs 26,567.61 crore

05 May 2015

Mumbai: Stocks of Kotak Mahindra Bank on tuesday surged over 6.5 percent, adding Rs 26,567.61 crore to its market valuation, after it reported 37.5 percent jump in consolidated net profit for the quarter ended March 31, 2015.

Kotak Mahindra,   Private Sector Lender,   NSE,   BSE,   Rakesh Goyal,   Latest Business News ,  
  Trinamool Congress backing to GST <strong>Bill</strong> gives breather to government

Trinamool Congress backing to GST Bill gives breather to government

05 May 2015

New Delhi: Government could breathe easy on the GST bill in Lok Sabha on Tuesday with Trinamool Congress pledging its support to the key economic reform measure even as several opposition parties, including Congress, BJD and the Left, are sticking to the demand to refer it to the Standing Committee.

Trinamool Congress,   GST Bill,   government,   Lok Sabha,   Standing Committee,   Latest business news ,  
New container service linking India, Middle East set to start

New container service linking India, Middle East set to start

05 May 2015

Dubai: A new container service connecting the Indian subcontinent and the Middle East will be launched this week, a media report has said. Evergreen Line and Dubai-based Simatech Shipping have signed a vessel-sharing agreement to jointly operate the new container service.

Container Service,   India,   Middle East,   CCG,   OICT,   Latest Business News ,  
Gulf oil exporters should cut spending, diversify: IMF

Gulf oil exporters should cut spending, diversify: IMF

05 May 2015

Dubai: Gulf oil exporters must reduce spending, including subsidies, and diversify their economies to cope with lower revenues caused by the sharp drop in crude prices, the International Monetary Fund said.

Gulf Oil Exporters,   IMF,   Oil Prices,   Gulf Cooperation Council,   GCC Countries,   Latest Business News ,  
Alstom T&D India gets to lead Himachal smart project

Alstom T&D India gets to lead Himachal smart project

05 May 2015

New Delhi: Alstom T&D India on Tuesday said it has been picked to lead the smart grid pilot project by Himachal Pradesh State Electricity Board.

Alstom T and D,   Himachal Smart Project,   Smart Grid Pilot Project,   Latest Business News ,  
Leela Hotel Group's Qatar JV to expand its business in India

Leela Hotel Group's Qatar JV to expand its business in India

05 May 2015

Dubai: India's Leela Hotel Group in collaboration with a prominent Doha-based group of resorts is planning to expand its business in India, Qatar and the UAE.

Leela Hotel Group,   Qatar JV,   India,   UAE,   Qatar,   Aiana Hotels and Resorts,   Latest Business News ,  
Select edible oils up on retailers demand

Select edible oils up on retailers demand

05 May 2015

New Delhi: Select edible oil prices went up to Rs 100 per quintal at the wholesale oils and oilseeds market on Tuesday largely supported by pick-up in demand from retailers. Castor oil in the non-edible section, also moved up on increased off take by consuming industries.

Edible Oils,   Retailers Demand,   Oil Price,   Edible Oil Sales,   Latest Business News ,  
Complex regulations impact food processing industry: Government

Complex regulations impact food processing industry: Government

05 May 2015

New Delhi: Complex regulatory regime and lack of access to affordable credit are impacting the development of food processing sector inspite of various fiscal incentives given by the government, Lok Sabha was informed on Tuesday.

Food Processing Sector,   Lok Sabha,   Food Processing Industries Minister,   Harsimrat Kaur Badal,   Latest Business News ,  

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