India

India’s Tata Steel has announced a $1.6bn writedown on its struggling European division, underlining the chronic difficulties facing steelmakers across the continent, the Financial Times reported. In a notice to the Bombay Stock Exchange, the steel d ...

Daily Headline - global.abi.org - 05/13/2013 - 21:35 - 0 comments

India has accused Cadbury PLC of dodging about $46 million in taxes by pretending to produce candy at a factory that didn't exist. A 103-page report by the country's tax authorities, which was reviewed by The Wall Street Journal , accuses Ca ...

Daily Headline - global.abi.org - 03/05/2013 - 23:31 - 0 comments

Faced with slowing growth, persistent inflation and sagging investor confidence, India’s government is pinned between conflicting pressures: economists warn that tough steps are needed to avoid long-term fiscal problems, even as political leaders are lee ...

Daily Headline - global.abi.org - 02/27/2013 - 21:59 - 0 comments

In a growing sign of companies facing difficulties in meeting their financial obligations, banks were approached for debt restructuring in a record 126 cases during 2012 for a collective amount of Rs 84,000 crore (over USD 15 billion), The Indian Expre ...

Daily Headline - global.abi.org - 02/04/2013 - 23:16 - 0 comments

One of the world's largest leasing firms has warned India the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot pay their bills could put the country's aviation growth at risk by scaring away new funding ...

Daily Headline - global.abi.org - 01/22/2013 - 22:40 - 0 comments

Widespread speculation about the possible reintroduction of estate duty is proving lucrative for many chartered accountants. Clients, mostly high net-worth ones, are seeking advice on how to restructure ownership of assets to avoid the possibility of hug ...

Daily Headline - global.abi.org - 01/15/2013 - 21:49 - 0 comments

India’s record current-account deficit threatens to weigh on the rupee and curb the magnitude of interest-rate cuts forecast to begin this month in support of government policies seeking faster growth, Bloomberg News reported today. The shortfall swelled ...

Daily Headline - abi_admin - 01/04/2013 - 10:13 - 0 comments

The lower house of India's Parliament approved a government proposal to strengthen the central bank's regulatory powers, paving the way for overhauls of the banking sector that could draw investments from more foreign banks as well as local ind ...

Daily Headline - global.abi.org - 12/18/2012 - 21:41 - 0 comments

Indian wind-turbine maker Suzlon Energy Ltd. has reached an agreement with its lenders to restructure 110 billion rupees ($1.98 billion) of local loans, a person with knowledge of the matter said Tuesday, The Wall Street Journal reported. The company ...

Daily Headline - global.abi.org - 11/27/2012 - 21:44 - 0 comments

will be cut 0.6 percent annually for the next five years, Chakravarthy Rangarajan, chief economic ...

Daily Headline - abi_admin - 11/26/2012 - 13:25 - 0 comments