FreePress India

Bharat Gears Ltd has informed FreePress that a meeting of the Board of Directors of the Company will be held on January 30, 2009, inter alia, to consider and take on record Un-audited Financial Results for the quarter ended December 31, 2008 subject to limited review by the Statutory Auditors. Further the Company has informed … Read more Bharat Gears Board to consider Buy Back

In a move that will bring sea changes in India’s energy regime, the Prime Minister’s Office (PMO) has suggested the petroleum ministry to decontrol retail fuel prices and link the same to international market prices of crude. The PMO has advised that the step should be discussed while finalizing next fuel price cut which is … Read more Can India decontrol retail fuel prices ?

The government is understood to have cleared the long standing controversy on the tax holiday status of IT special economic zones (SEZs). The finance ministry has now agreed to a proposal of commerce ministry, which aims at providing 100% tax exemption to IT SEZs which are being set up under the parent companies. The controversy … Read more Government confirms tax holiday for IT SEZs

Realty giant Unitech has rescheduled loan repayments to banks worth around Rs 1,000 crore, out of Rs 2,500 crore which it needs to pay by March this year. The company has total debt or nearly Rs 8,000 crore, according to a media report. The Reserve Bank of India recently relaxed asset classification norms for commercial … Read more Troubled Unitech Reschedules Rs 1,000 cr Loan

Mahindra & Mahindra has invested Rs5.5bn in the Xylo project over a 4-year period. Xylo is positioned against the sedan (A3) segment customer. M&M management believes that given the Xylo’s superior product price proposition, it can convert the sedan customer to Xylo. We don’t agree – there might be some cannibalization from the Scorpio / … Read more Mahindra & Mahindra Xylo to Compete Toyota Innova