German Government announced its decision to change rules to induce drug-makers to charge less for their products last month. The step was successfully initiated from June 1 & resulted in price reduction announcements by chief German generic companies including Stada & Novartiz. The reductions were to the true of over 20%. The overall impact may [...]

Punj Lloyd announced the acquisition of Singapore-based semb Corp engineers & constructors (SembE & C). Punj Lloyd Pte Ltd., Punj Lloyd’s wholly owned subsidiary in Singapore has already acquired 88% stake in SembE & C at a consideration of Singapore $35.2 million. The company is confident on acquiring the rest 12% stake on or before [...]

SREI Infrastructure finance, a chief construction & infrastructure financing firms, is planning to enter real estate financing. SREI will develop an autonomous company for the planned venture. The plan is now in advanced stages for building an asset base. Suneet K Maheshwar, the company’s executive director said that the group has conceptualized the fund for [...]

Life insurance was considered to be the epitome of prospects for agents who were into buying a policy. However banks experienced better margins in mobilizing premiums for insurers than in raising deposits, a few years ago. Now retailers are discovering that customers who walk into buying groceries can be offered policies worth Millions. UK pioneered [...]

DHL has announced its decision to continue to invest in India. So far, the group has invested over $1.6 billion in Asia Pacific, out of which $250million is in India and the country is surely going to enjoy more of it. According to Scott price, CEO of DHL Express Asia Pacific, China consumed a lot [...]

Middle east region has become the central point of attraction for nearly 400 airport & aviation suppliers who are emulation for lucrative contracts. This would result in the airport development & expansions worth more than $40 billion and $20 billion out of this estimated amount will be invested in UAE alone. The airport Build & [...]

When Arun mentioned the term blogging to me, little could i make out of what it is. But later on as he introduced me to this whole new way of expressing your thoughts and ideas, the more exciting and interested it seemed to me. I always wanted to say a thing or two bout whats [...]

India Inc has witnessed a number of IPOs (Initial Public Offering) in the last one year. Every one and anyone seems to be comming up with an IPO in a bid to encash the buoyancy of the market conditions. Experts say that it is a good move on the part of the promoters of the [...]

In the last few months, we had witnessed the rise int he number of people taking loans. This was the result of falling interest rates and as a result of which the number of people taking these personal loans had risen considerably. Has any one ever pondered why are people suddenly taking so many personal [...]

The Finance Act, 2006 (No.21 of 2006) has received the assent of the President of India on the 18th April, 2006. The effect of the various provisions of the Finance Act relating to levy of service tax are explained hereinafter. Service tax leviable on taxable services under section 66 of the Finance Act, 1994 has [...]