business

Religare Enterprises is fine tuning its plans to enter the home loan segment. The financial services company is in the process of acquiring a majority stake in Maharishi Housing Development Finance Corporation (MHDFC). MHDFC has the National Housing Bank (NHB) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) licence. … Read more Religare Home Finance to be Launched Very Soon

IVRCL Infrastructures & Projects (IVRCL) roads, power and water divisions has won orders amounting Rs.359.52 crore. Road Division The road division has bagged order worth Rs 164.64 crore by Kolkata Metropolitan Development Authority for construction of Vivekananda Road Flyover on turnkey contract basis in Kolkata. The order is scheduled for completion period in 18 months. … Read more IVRCL Infra wins orders aggregating Rs.359.52 crore

LME copper rallies to 5-month high, closes up 4% at $4,300 per tonne; all base metals end higher Friday after week of better-than-expected economic data. Friday’s US non-farm payroll data was in line with expectations. Fund buying, technical buy-stops, momentum buying pushed prices higher. The G 20 summit, improved economic data spurring bulls into action. … Read more London Metal – Copper Hits $4,300 per Tonne – China Effect

JSW Steel has informed us that the company has achieved highest ever production during 4th Quarter ended March 2009 showing growth of 11% over corresponding quarter of last year. The Crude Steel production of 4.56 lakh tons in March 2009 was higher by 28% over the corresponding month of last year and 39% sequentially over … Read more JSW reports highest ever Quarterly Production in Q4 FY 08-09

Piramal Healthcare plans to shut its manufacturing unit in Huddersfield in the United Kindom. The facility generated revenue of 19 million pounds (Rs 135 crore) in FY’09. Company has currently 3 facilities in the UK. The facilities other than Huddersfield are Morpeth & Grangemouth. Both sites will continue to provide services from European geography. Pharma … Read more Piramal Healthcare To book Rs 71 crore loss in Q4 FY’09

In the latest move, the government has abolished banking cash transaction tax (BCTT) from April 1 as decided earlier. Now, the taxpayers will not have to shell out the charges on withdrawal of cash from banks. In the fiscal 2005, the government had introduced 0.1% BCCT on cash withdrawals of more than Rs 50,000 (individuals) and … Read more Why Banking cash transaction tax abolished from April 1 ?