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IIMs see better summer
Companies like Goldman Sachs, HSBC, Nomura, Standard Chartered, JPMorgan and RBS flock the campuses Banking and finance companies, whose dismal performance in late 2008 caused panic among students and faculty members of the premier Indian Institutes of Management, are making up this year with better profiles and stipends.

Cox & Kings' Aussie arm acquires 2 firms
Cox & Kings (Australia), the wholly-owned subsidiary of Cox and Kings (India), a travel and tour company, has bought MyPlanet Australia and Bentours International through a share sale agreement from First Choice Holdings Australia. The acquisition is being done through an ‘earn-out mechanism’ and is not being paid for from funds raised for acquisition from the company’s recent initial public offering (IPO).

News of the day

PPT gets customs nod to transport furnace oil
The authorities of Paradeep Port Trust (PPT) have finally transported 175 tonnes of furnace oil evacuated from Black Rose, the sunken vessel to Kolkata and Ranchi through lorries after getting the clearance from the Customs officials.
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Announcement of GST rollout date likely on Jan 8

The date for rolling out the Goods and Services Tax could be announced on January 8, the Chairman of the Empowered Committee on State Finance Ministers, Asim Dasgupta, said today. - GST introduction may be delayed by up to a year - Better safe than sorry - GST will reduce tax burden by 25-30%: FinMin - Major structural defects in designing GST - Finance Commission Report on GST flawless - Farm goods, services to be dearer; GDP to gain: GST task force "There will be a joint statement after a meeting with Finance minister Pranab Mukherjee on January 8 on GST rollout," Dasgupta told reporters on the sidelines of the 23rd industrial trade fair, organised by the Bengal National Chamber of Commerce and Industry here. : GST introduction may be delayed by up to a year "We (state finance ministers) have a two-day meeting from January 7. We will meet Pranab Mukherjee before giving a statement on this," he said. Dasgupta"s statement came just a day after the Union finance minister said the scheduled April 1 date to introduce the new tax regime may be missed due to a lack of consensus among all the 28 states. Asked whether a consensus with all the states had been arrived at, Dasgupta did not make any comments. He said the Centre was working and contributing, and an advance had been made which would make it possible to introduce the GST at the appropriate time.


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