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 Govt committed to CCI’s approval on M&A deals |
| The government on Friday expressed its commitment to make it mandatory for companies to seek anti-monopoly watchdog Competition Commission of India’s (CCI) approval for mergers and acquisitions, saying the move would benefit India Inc. |
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| SBI slashes deposit rates by 25-50 basis points |
| The country’s largest lender, State Bank of India, on Friday reduced deposit rates on various maturities by 25-50 basis points effective from November 9. |
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| Franchising in India to touch Rs 150,000 crore |
| Franchising business in the country will increase by over two-fold to touch Rs 150,000 crore by 2015 as foreign firms prefer the licensing route instead of setting up their own shops to overcome legal restrictions, Franchise India Holdings on Friday said. |
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| BSNL may talk directly to Zain for stake acquisition |
| State-run BSNL on Friday said it may directly talk to Zain Telecom to acquire a controlling stake after the exclusive talks period between the consortium Vavasi and the Kuwaiti firm ends. |
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| Toyota to increase production from Jan |
| Toyota Kirloskar Motor (TKM) on Friday said it will increase its production significantly from January to cater to the rising demands of customer and added its small car will hit the road by the end of next year or 2011 end. |
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| US jobless rate soars to 26-year high; touches 10.2% in Oct |
| The unemployment rate in the US skyrocketed to a 26-year-high of 10.2 per cent in October, as companies continued to trim their workforce to cut costs. |
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| India, EU leaders hope for FTA by 2010 |
| Despite differences over issues like labour standards and environment between India and EU both sides expressed their commitment on Friday to conclude free trade agreement in a year. |
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| New system provides real picture of price situation: Govt |
| With the CCEA already deciding to change the base year for the Wholesale Price Index tabulation from 1993-94 to 2003-04, it seems that the Government is still taking some time implement the same. |
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| Snapshots... |
| Airtel inaugurates its CSST in Delhi NCR |