India eyes place in top 100 on ease of doing business list

NEW DELHI: India hopes to figure among the top 100 nations in the ease of doing business ranking, counting on significant improvement achieved by Delhi and Mumbai as well as additional measures likely to be taken by the time the World Bank announces the next list in October. Officials said the government is hoping that India will improve its position from 130 out of 189 nations at present to within the top 100 this year and the top 50 next year. The ranking considers business environment in Delhi and Mumbai. According to a report released by the Department of Industrial Policy and

LG Electronics says Q2 operating profit likely at 2-year high

LG Electronics says Q2 operating profit likely at 2-year high
SEOUL: South Korea's LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. The world's second-biggest TV maker by market share, behind compatriot Samsung Electronics Co Ltd, said in a regulatory filing that April-June profit was likely 585 billion won ($504 million), compared with the 599 billion won average of 23 analyst estimates in a Thomson Reuters I/B/E/S survey. The result would be the highest quarterly profit since the 610 billion won of the second quarter of 2014.

New income disclosure norms to be applicable from April 1, 2016

NEW DELHI: The Income Computation and Disclosure Standards (ICDS) shall be now applicable from April 1, 2016 instead of April 1, 2015, since tax payers might have already filed income tax return without incorporating compliance with the ICDS, the Finance Ministry said here on Wednesday."It has been decided that the ICDS shall be applicable from April 1, 2016. The notification to this effect will be issued shortly," a statement from the Finance Ministry said here on Wednesday.

Indian businessmen like Anand Mahindra, Rashesh Shah do not speak their mind

On April 26, as the West Bengal elections were underway, Harsh Goenka, chairman of RPG Group, tweeted: "In private conversations all businessmen in Bengal tell me that they will vote for BJP or CPM. TMC has not been conducive for industry." TMC is Trinamul Congress (TMC), the ruling party.
Goenka is quite active on Twitter and is given to making controversial tweets. But this particular tweet created a huge furore in Kolkata. The Goenka name still carries a lot of heft in the state  ..

India Inc reaps gains from higher infra spend: Deutsche Bank

Deutsche Bank said increasing infrastructure spending through revival of targeted public spends has been an important part of the government's economic strategy. Though there was an initial scepticism on the success of this strategy, the progress — particularly in the power, coal, road, and railways sectors — is now becoming visible, and has also started showing tangible results.

NHAI awards Rs 895 crore road project in Rajasthan to L&T

NEW DELHI: The National Highways Authority of India (NHAI) has awarded a Rs 895 crore project in Rajasthan to Larsen & Toubro."The NHAI has issued Letter of Award (LOA) for development of 4-laning of Bar-Bilara-Jodhpur section in Rajasthan under phase IV of National Highways Development Projects (NHDP) to Larsen & Toubro," NHAI said in a statement.

Anil Dave takes charge of Environment Ministry

NEW DELHI: Anil Madhav Dave, a Narmada river conservationist and environmentalist, on Wednesday took charge of the Ministry of Environment Forest and Climate Change. "I will take one week to understand the departmental work and then set priorities accordingly," Dave said, adding he would carry on the good work of his predecessor Prakash Javadekar, now the HRD Minister.