Besta Shankar

Articles by Besta Shankar

Email : editor@ibtimes.co.in

Budget 2016 'in line' with India's rating: Moody's

The comments from the rating agency come in the wake of Jaitley sticking to fiscal deficit target of 3.5 percent for the next fiscal year.

Feb 29, 2016

Budget 2016: PF withdrawals taxable from April 2016

The employees will be required to pay income tax on 60 percent of the provident fund withdrawal amount.

Feb 29, 2016

Budget 2016: Govt to pay 8.33% of EPF for new employees

The scheme will be applicable to employees with a monthly salary of Rs 15,000.

Feb 29, 2016

Budget 2016: Fiscal deficit target unchanged at 3.5% for FY17

Most analysts had expected the finance minister to revise the fiscal deficit target to the upside amid a slowing economic growth.

Feb 29, 2016

Budget 2016: Govt to amend RBI Act to form monetary policy committee

However, the government did not disclose the details on the membership of the committee.

Feb 29, 2016

L&T mulls selling 49% stake in insurance business to foreign firm: Report

A Business Standard report said that the deal is likely to be finalised in the next three to six months.

Feb 29, 2016

Coca-Cola looking to sell India bottling operations for $1 billion: Report

A report on The Economic Times said that the company's India unit is satisfied with the current framework for operations.

Feb 29, 2016

UltraTech buys Jaypee's cement business for Rs 16,500 crore

The deal will enhance UltraTech's cement manufacturing capacity to 90.7 million tonnes per annum and provide access to new markets in India.

Feb 28, 2016

Budget may ease concerns over retrospective taxation

Foreign investors had expected that the Narendra Modi government would "quickly" resolve such tax issues.

Feb 28, 2016

Future Group to add 100-150 new stores over 5 years

Offline retailers are facing intense competition from online retailers as more customers are switching to online shopping.

Feb 28, 2016

Govt likely to issue 10 lakh e-Tourist visas this year

At present, 3,500 e-Tourist visas are being granted on average daily to foreign nationals.

Feb 28, 2016

BRICS bank signs pact to have headquarters in Shanghai

The move will give legal status to the multilateral lender.

Feb 28, 2016

Vedanta clinches India's first gold-mining lease

Gaining a gold-mining lease will help Vedanta improve its financials

Feb 27, 2016

Make in India boosted FDI in India: Economic Survey

The government has given 56 defence manufacturing approvals to private companies in the past one year under the Make in India initiative

Feb 27, 2016

Morgan Stanley reduces Flipkart's share value by 27%

The reduction means Flipkart's valuation now stands at $11 billion.

Feb 27, 2016

AirAsia India's loss doubled to Rs 38 crore in December quarter

However, its revenue tripled to Rs 208.46 as the carrier saw a two-fold increase in passenger traffic.

Feb 27, 2016

Automation erased 25% of new IT jobs in 2015: Report

The combined new job offers made by India's top five IT firms declined 38% in the Oct-Dec quarter, Centrum Broking said.

Feb 27, 2016

Railway budget presents electrification orders worth Rs 20,000 crore: KEC

However, KEC said that financing of these projects is the main concern.

Feb 25, 2016

Budget 2016: Food ministry wants $20B in subsidies for next fiscal

A Reuters report said the finance ministry still has to settle an outstanding food subsidy bill of about Rs 560 billion.

Feb 25, 2016

Govt extends e-Tourist visa scheme to 37 more countries

Since the launch of the scheme, more than 7.5 lakh visas have been issued under the scheme.

Feb 25, 2016

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Articles by Besta Shankar

Budget 2016 'in line' with India's rating: Moody's

Budget 2016: PF withdrawals taxable from April 2016

Budget 2016: Govt to pay 8.33% of EPF for new employees

Budget 2016: Fiscal deficit target unchanged at 3.5% for FY17

Budget 2016: Govt to amend RBI Act to form monetary policy committee

L&T mulls selling 49% stake in insurance business to foreign firm: Report

Coca-Cola looking to sell India bottling operations for $1 billion: Report

UltraTech buys Jaypee's cement business for Rs 16,500 crore

Budget may ease concerns over retrospective taxation

Future Group to add 100-150 new stores over 5 years

Govt likely to issue 10 lakh e-Tourist visas this year

BRICS bank signs pact to have headquarters in Shanghai

Vedanta clinches India's first gold-mining lease

Make in India boosted FDI in India: Economic Survey

Morgan Stanley reduces Flipkart's share value by 27%

AirAsia India's loss doubled to Rs 38 crore in December quarter

Automation erased 25% of new IT jobs in 2015: Report

Railway budget presents electrification orders worth Rs 20,000 crore: KEC

Budget 2016: Food ministry wants $20B in subsidies for next fiscal

Govt extends e-Tourist visa scheme to 37 more countries

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'