Business News Headlines

Ireland to repay 9 billion euros IMF loans by year end

Dublin , Nov 29

Irish Finance Minister Michael Noonan said Friday his country will repay 9 billion euros ($11 billion) of the bailout loans it owed to the International Monetary Fund(IMF) by the end of the year.

Coca Cola to set up bottling plant in north Karnataka

Kalburgi (Karnataka) , Nov 28

The Karnataka government Friday allotted 250 acres of land at Yadgir in the state's northern region to Hindustan Coca Cola Beverages Ltd for setting up a bottling plant at a cost of Rs.1,000 crore and creating about 500 direct jobs.

SEBI fines six merchant banks Rs.1 crore

Mumbai , Nov 28

The Securities and Exchange Board of India Friday fined six merchant banks Rs.1 crore for violating mandatory disclosure norms of the IPO (initial public offering) documents.

Reliance says basic differences on audit report

New Delhi , Nov 28

Reacting to the report tabled by India's official auditor Friday, Reliance Industries said there were some basic differences over it, and that it will furnish a reply if and when the government seeks this.

Russia interested in manufacturing aircraft in India: Sitharaman

New Delhi , Nov 28

Russian industry has expressed interest in producing civil aircraft and choppers in India, the government said Friday.

BSE Brokers' Forum buys extra 150,000 sq ft space in GIFT City

Ahmedabad , Nov 28

India's first smart city, the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Friday announced the association of brokers of the Bombay Stock Exchange (BSE), has been allocated an 150,000 square feet additional space taking its total built-up area to 450,000 square feet.

India scraps 20:80 restriction on gold import

New Delhi , Nov 28

The Indian government has done away with the '20:80' scheme imposed on gold imports, which will ease the incoming of yellow metal into the country, an official statement said Friday.

Second quarter GDP numbers on expected lines: Finance ministry

New Delhi , Nov 28

The finance ministry said Friday said that the second quarter gross domestic growth (GDP) data was on expected lines.

SEZs availed over Rs.83,000 crore tax concessions in six years: CAG

New Delhi , Nov 28

The Special Economic Zones (SEZ) in India had availed tax concessions to the tune of Rs.83,104.76 crore between 2006-07 and 2012-13, a report by official auditor Comptroller and Auditor General of India (CAG) said here Friday.

Parliament passes bill simplifying labour laws for small firms

New Delhi , Nov 28

Parliament Friday passed a bill which simplifies labour laws for establishments employing up to 40 workers.