Business

Ranbaxy has termed the Ethimed acquisition as modest compared with the Terapia deal. This acquisition is a part of Ranbaxy's Europe expansion plan.

The markets ended higher on huge fund-based buying. Gains were seen in pharma, metal, FMCG, oil, technology and capital goods stocks.

The Finance Ministry on Wednesday clarified that the service tax on ATM was not leviable for use of ATM by the card holders.

State-owned BSNL slashed international long distance call rates to Rs 6 per minute, with 10 seconds pulse, for users opting One India tariff plan.

As new small cars become more attractive, CNBC-TV18 finds out that it will also lead to less demand for small used cars and big cars are expected to take the driver's seat in the used car market.

The market slipped from higher levels in late trade, after touching all-time high of 10706.22. The Nifty and CNX Midcap ended with over 20 points gain each.

The market witnessed the biggest post budget rally. The indices closed at an all-time high on back of strong fund based buying.

Various representatives of India Inc hailed Finance Minister P Chidambaram's Budget for the year 2006-07. India Inc. lauded Chidambaram for his measures.

More services such as ATM operations are proposed to be brought within the service tax net.

As Finance Minister P Chidambaram presented the Budget proposals on Tuesday, he said that there will be no change in the rates of personal income tax or corporate income tax.

The Economic Survey 2005-06 presents a bleak scenario on the power front. The survey estimates a 12 per cent peak power shortage in the current fiscal and pegs the losses to the economy due to power shortage at a whopping Rs 3,00,000 crore.

Finance Minister has presented a bullish scenario for the Indian economy, pegging the rate of growth at 8 per cent this fiscal.

Railway Minister Lalu Prasad announced positive moves such as fare cut for 1st and 2nd class AC. Would this have an adverse impact on low-cost airlines?

TRAI has finalised the levy paid by private operators to BSNL at 1.5 per cent of gross revenue, which would bring down STD and ISD tariffs.

Inspired by the good response to its last week's offer of one lakh tickets at Rs 999 each, Air Deccan has announced the release of 50,000 more seats under the scheme.

Harsha Vardan Roongta, CEO of Apnaloan.com says that tax incentives on loan repayments are fairly substantial but consumers could do with guidelines for fair lending practices.