Business

Car sales in February plunged by 25.7 per cent, the biggest fall in more than 12 years. The fuel price hike and slow economy are believed to have put major impact on the demand of automobile in the market. According to data from the…

Employees in India are expected to get an average salary hike of just 10.3 per cent this year, the lowest in a decade, as the industries are being affected by country's slow economy. According to the Annual Salary Increase Survey by HR…

India’s largest car maker Maruti Suzuki India (MSI) has stopped production today at its Gurgaon Plant. The production unit has a capacity to roll out between 3,500 and 4,000 units of vehicle in a day. The probable reason of today’s…

Chocolate giant Cadbury has been accused of evading $46 million in taxes by using a non-existent factory. The Wall Street Journal reported that Cadbury India manipulated invoices and other documents to get a tax exemption for companies that…

Just a day after the Budget 2013-14, which is dubbed as too costly for the middle class, the oil companies came up with another shocker by hiking the petrol prices by Rs 1.40 per litre with effective from midnight today. This is the…

After giving some cheer to the home buyers, Finance Minister P Chidambaram has disappointed the tax payers and salaried class. Contrary to all expectations, he ruled out revising the tax slabs and preferred to maintain the status quo.…

In a big development, Union Finance Minister P Chidambaram has announced the setting up of India's first Women's Bank, which will get the final approval by October 2013. An initial capital of Rs 1,000 crore will be allocated for the women's…

A Huge 'Thanks' to Finance Minister P Chidambaram! He raised the home loan exemption limit from Rs 1.5 lakh to Rs 2.5 lakh for loans up to Rs 25 lakh, bringing huge cheer to salaries class and the real estate section, which was sinking.…

'Health For All & Education for All' is my priority, said Union Finance Minister P Chidambaram in his budget speech today while presenting the Budget 2013-14 in Lok Sabha. He diverted more funds to HRD, Health and SC & ST…

Finally, corporate houses can also enter to the banking sector in India. The Reserve Bank of India (RBI) announced new rules in this regard in lieu of which, the private and non-banking finance firms are now allowed to open their new banks.…