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From next year, workers in the IT category will need to have one year’s experience with their employer instead of six months at present, before they can be transferred to the UK Britain has tightened immigration rules from January 2010 for Indian information technology (IT) professionals...

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Amritha Pillay 09 December 2009
The utilisation rate for land oil rigs has been constantly rising. Analysts believe that the utilisation rate for offshore rigs has also started to improve The operational utilisation rate of oil rigs worldwide has been constantly rising. Though this rise is mainly driven by an increase in...

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LyondellBasell and RIL late last month disclosed a "preliminary non-binding offer" by the Indian company for taking a controlling interest in the world's third largest independent petrochemical maker. Going by industry sources, Reliance Industries' bid could be more than $12 billion Amid...

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The original copy of a record is to be maintained till trial or investigation proceedings have concluded, instead of the current practice of keeping papers only for five years, the market regulator has said Market regulator Securities and Exchange Board of India (SEBI) on Wednesday asked...

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India is one of the fastest-growing aerospace markets in the world, driven by continued economic growth, resulting in growing passenger traffic and domestic aircraft demand The rapidly-expanding aviation sector of India can absorb as much as $120 billion in investments by the year 2020, civil...

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In the automotive industry, where globalisation and diversification proceed in parallel, both VW and Suzuki are planning to establish a cooperative relationship while respecting each other’s independence as a stand-alone entity Europe's largest car manufacturer Volkswagen Aktiengesellschaft...

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GM’s China partner can drive the fortunes of GM India. The ramifications can be huge for the auto sector—and the country—at large General Motors, GM, is slated to give up a crucial 1% stake of its China passenger-car venture to its partner SAIC, the state-owned Chinese automaker....

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Swapnil Suvarna 08 December 2009
Talks of boost in government spending uplift Indian market sentiment The Sensex gained 245 points from the previous day’s close, ending the day at 17,228, while the Nifty closed at 5,148, up 81 points. Reliance Industries Limited (RIL) is reportedly in talks with more than a dozen banks to...

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Sanket Dhanorkar 08 December 2009
Both the BSE and NSE recently announced their own MF trading platforms, immediately after SEBI gave its nod for introducing stock exchange based trading platforms for MFs (first reported by Moneylife). This has come as a delight to the broker community as they now stand to gain from another...

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Sanket Dhanorkar 08 December 2009
Both the BSE and NSE recently announced their own MF trading platforms, immediately after SEBI gave its nod for introducing stock exchange based trading platforms for MFs (first reported by Moneylife). This has come as a delight to the broker community as they now stand to gain from another...

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Ravi Samalad 08 December 2009
Ambiguity in the tax structure and inefficient functioning of the Limited Liability Partnership (LLP) portal are the two factors that have made it difficult for lawyers to register these arrangements Despite lower cost of formation and reduced compliance requirements, the LLP Act—enacted in...

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Justice JS Verma says such quasi-judicial orders can only be reviewed and quashed “by a judicial forum with requisite jurisdiction, at the instance of a petitioner with standing to seek relief.” Justice JS Verma, former Chief Justice of India and one of the most respected names in the...

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Amritha Pillay 08 December 2009
NHAI has announced the lowest bidders for 12 road projects across the country and will soon award the same to the selected contractors The National Highways Authority of India (NHAI) has completed the bid-evaluation process for 12 projects having a total length of 1,084 km and for a value of...

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After selling stake in NDTV Good Times to Scripps Networks, the Prannoy Roy-led TV network is again selling its majority stake in NDTV Imagine to Turner Asia Pacific Media company New Delhi Television Ltd (NDTV) on Tuesday said that it has entered into a pact with Turner Asia Pacific for...

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After selling stake in NDTV Good Times to Scripps Networks, the Prannoy Roy-led TV network is again selling its majority stake in NDTV Imagine to Turner Asia Pacific Media company New Delhi Television Ltd (NDTV) on Tuesday said that it has entered into a pact with Turner Asia Pacific for...

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The exchange, which is gearing up for its listing, posted higher average daily turnover during the second quarter The Bombay Stock Exchange (BSE), Asia's oldest stock exchange, has said that its second quarter net profit declined marginally despite a 35% jump in total revenues. According to...

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India has once again emerged as the most optimistic nation in terms of hiring plans for the next three months and the recruitment pace is expected to return to the pre-recession level in 2010, said global staffing services firm Manpower. "There is no more 'cautious optimism' among employers any...

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RNRL, the Anil Ambani group company, in an affidavit before the apex court has said that there would be no impact on the government at all and it would suffer no loss whatsoever and RIL would also make a profit of Rs30,000 crore at $2.34 per mmBtu Anil Ambani-led Reliance Natural Resources...

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    A central requirement for upholding the rule of law is that there should not be any executive interference in the independence and integrity of the judicial process. The rapid expansion of the power and jurisdiction of quasi judicial bodies raises new challenges in this regard....

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    A central requirement for upholding the rule of law is that there should not be any executive interference in the independence and integrity of the judicial process. The rapid expansion of the power and jurisdiction of quasi judicial bodies raises new challenges in this regard....

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