Business

Pranab Mukherjee directed us work towards market regulation and development, the SEBI Chairman UK said.

The service tax department has already frozen as many as 40 bank accounts of Kingfisher for non-payment of dues.

Civil Aviation Minister Ajit Singh has threatened to shut down Kingfisher Airlines if it can't meet safety and financial viability standards.

Finance Minister Pranab Mukherjee played it safe in unveiling the federal budget on Friday.

Under the proposed scheme, a 50 per cent deduction on short-term capital gains tax will be allowed for new investors in the equity market up to an annual investment limit of Rs 50,000.

There were more of negatives than positive tones from India Inc on the Budget proposals for 2012-13.

Pranab Mukherjee said investment in the sector during the 12th Five-Year Plan (2012-17) will go up to Rs 50 lakh crore.

Government plans tax collection at source on cash purchase of bullion or jewellery in excess of Rs 2 lakh.

Trinamool Congress leader Sudip Bandhyopadhyay said more could have been done for agriculture.

The fiscal deficit for 2011-12 was projected at Rs 4,13,000 crore, which was to be financed by market borrowings.

Infrastructure investment in 12th Plan to go up to Rs 50 lakh crore, half of which to come from the private sector.

Pranab Mukherjee will present the Budget against a backdrop of slowing growth and burgeoning fiscal deficit.

Air India has sought a compensation package, a mix of both discount in services and cash, from Boeing for delay in the delivery of its 787 Dreamliners.

The first Virgin flight would depart from London's Heathrow airport on October 28.

Arihant capital markets has come out with report on proposed diesel vehicle tax and its impact on Maruti Suzuki.

The government is poised to miss this fiscal year's deficit target of 4.6 per cent of GDP by a wide margin.