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SKorea to grow faster among advanced nations in 2014: IMF
South Korea"s economy is expected to grow at a faster clip than most other advanced nations in 2014, a report showed today, suggesting that the Asian country will stage a swift recovery from the worst downturn in more than a decade.

Budget tax sops to help individuals save Rs 1,000/ yr
Individual tax payers will save only Rs 1,000 more a year following the government raising the tax exemption threshold by Rs 10,000 to Rs 1,60,000, whereas the benefit for senior citizens (65 years and above) will be higher at Rs 1,500.

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GVK Power Q2 net surges 45%
GVK Power and Infrastructure (GVKPIL), with interests in power, roads, airport, and aviation, reported a 45.19 per cent increase in net profit to Rs 44.23 crore for the second quarter ended September 30, 2009, as compared with Rs 30.47 crore in the corresponding period last year.
Small Business

Steel ind asks govt to take action against dumping

The Indian steel industry has asked the government to take action against dumping of steel from countries like China. JSW Steel, a leading producer of steel, today said the threat of imports with capacity restarting in some of the countries looms large. UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The growth in domestic steel consumption in China exceeded the rise in domestic crude steel production turning it to be a net importer of steel, thus, reducing the threat to other markets, the statement said. Earlier this month, Steel Minister Virbhadra Singh had maintained that there was no case for increasing import duty on steel when the Indian steel industry had demanded a hike in import duty from 5 per cent to 15-20 per cent.


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