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ITDC to exit 3 hotels, hand over properties to states

ITDC to exit 3 hotels, hand over properties to states

The Cabinet on Wednesday gave approval to disinvestment of three ITDC hotels at Bhopal, Bharatpur and Guwahati.

'Salary for entry level jobs more in Central govt than in private companies'

'Salary for entry level jobs more in Central govt than in private companies'

The study was commissioned by the 7th Central Pay Commission and IIM-A was asked to undertake it, so that the commission can revise pay in such a way that government jobs attract talent.

Companies can now accept funds from relatives of directors

Relaxing the norms for private companies, the government has allowed them to accept funds from relatives of the directors.

Private companies to get degraded land for forest harvesting

Private companies to get degraded land for forest harvesting

The government Tuesday said it has decided to give degraded land, which is about one-third of the total forest area, to private industries on lease for commercial forest harvesting to boost employment and generate revenue.

Companies Act exemptions to help private cos run smoothly: ICAI

Chartered accountants' apex body ICAI Tuesday said latest exemptions provided under the companies law would help private companies run their business smoothly.

Govt eases deposit-taking, managerial pay norms for companies

Ushering in an easier set of regulations, the government today relaxed deposit-taking norms for private companies and exempted the public sector entities from managerial remuneration restrictions.

Capital spending in India to take 12 more months to recover: S&P

"We expect capital spending in India will continue to fall in fiscal 2016 despite its economy being one of the few bright spots in Asia-Pacific," it said.

Govt to allot coal mines to PSUs today

After two rounds of auctioning of coal blocks for private companies, the government will today allot mines to central and state PSUs.

Private firms' sales growth moderated in FY13: Report

Sales of private companies in the non-financial segment moderated in 2012-13, registering 17.6 percent growth to Rs 2.01 lakh crore, as demand fell specifically from the services sector.

Pvt cos will be allowed commercial coal mining soon: Jaitley

A day after deciding to e-auction coal mines cancelled by Supreme Court to captive users, Finance Minister Arun Jaitley Tuesday said commercial mining of coal will soon be opened for private sector firms.

Net profit of pvt cos having FDI declines by 22% in FY12: RBI

Profits of private companies having foreign direct investment declined by about 22 percent during 2011-12 to Rs 444.24 billion on higher outgo for interest payment, according to RBI data.

48 private companies likely to sell shares worth $1.8-bn by June

As per new norms for listed firms that was implemented in June 2010, all private sector firms have been asked to attain a minimum public holding of 25 percent by June 2013.

Sales of pvt non-financial cos up 9.2% in Oct-Dec FY'13

Sales of private non-financial firms in the third quarter of 2012-13 grew 9.2 percent to Rs 7.45 lakh crore -- the lowest year-on-year expansion rate in the post crisis period -- hit mainly by manufacturing and IT sectors, RBI said Wednesday.

Investment by private cos may drop by 35% in FY’13: Crisil

Investment by private companies is expected to decline by a whopping Rs 72,000 crore or 35 percent from planned capital expenditure this fiscal due to a host of issues like land acquisition and fuel linkages, a report by ratings agency Crisil has said.