New Delhi, July 23: Cairn India today sought predictable taxes and fiscal regime together with maintaining contract sanctity to aid an increase in production. “For a nation undergoing transformational changes, a simple and forward-looking policy to encourage investment that maximises domestic oil and gas production would be a key enabler,” chairman Navin Agarwal said at the company’s annual general meeting.
Mumbai, July 23: Yes Bank today reported a 9.6 per cent increase in net profit at Rs 439.5 crore for the first quarter ended June 30. The bank had a net profit of Rs 400.8 crore in the April-June quarter of 2013-14.
New Delhi, July 23: In the absence of a good bankruptcy code in India, the Reserve Bank of India is working on a system to help entrepreneurs who are seeking to exit their insolvent businesses.
Mumbai, July 23: The number of ultra-high net worth individuals having an investible surplus of over Rs 25 crore rose 16 per cent to 1.17 lakh last fiscal, and this is estimated to triple to 3.43 lakh in the next three years.
