India eyes $15 billion rollover of subsidy costs into next budget

Last Updated: Friday, October 25, 2013, 10:55

Finance Minister P. Chidambaram is finding it harder and harder to meet the government`s budget promises and may sweep as much as USD15 billion in subsidy costs into next year`s accounts to ensure he hits fiscal targets ahead of national elections, ministry officials say.

Rising medical costs pinching Indian pockets

Last Updated: Thursday, September 19, 2013, 18:20

While the common man faces acute shortage of hospital beds and doctors, the rising medical expenses haven’t helped their cause.

Infosys' visa-related costs jump over 50% at Rs 308cr in FY'13

Last Updated: Sunday, May 19, 2013, 10:55

Stricter norms and higher rejection rate of work permits have pushed up the visa-related cost of country's second largest software services company, Infosys by more than 50 percent to Rs 308 crore in 2012-13 fiscal.

Rs 50 auto fare costs a man life in Delhi

Last Updated: Wednesday, December 5, 2012, 22:03

An argument over auto fare of Rs 50 costs a young man his life when the driver stabbed him in west Delhi.

Coal price pooling issue to go to Cabinet

Last Updated: Wednesday, December 5, 2012, 15:12

With impasse over pooling price of coal through blending domestic fossil fuel with imported coal costs remaining unresolved, the matter will now be taken up at the Cabinet level.

High fuel cost makes it difficult to run airlines in India: BA

Last Updated: Wednesday, November 21, 2012, 17:56

"Cost element is very significant. India is very significantly costly place to run an airlines," Christopher Fordyce, Regional Commercial Manager (South Asia) British Airways Plc, told reporters.

Spain auction sees lower borrowing costs for benchmark bond

Last Updated: Friday, September 21, 2012, 15:42

Spain's Treasury sold 4.8 billion euros (USD6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on its benchmark 10-year note.

CACP suggests govt should not raise wheat MSP next year

Last Updated: Tuesday, September 4, 2012, 16:32

In view of higher wheat stocks and to promote production of non-grain crops, the Commission for Agricultural Costs and Prices (CACP) has suggested the government keep minimum support price of wheat unchanged at Rs 1285/quintal for the next year starting April, 2013.

Hewlett-Packard posts $8.9 bn loss in Q3

Last Updated: Thursday, August 23, 2012, 12:52

The company also had to absorb some sizeable restructuring costs, as it looks to cut some 27,000 jobs.

MNC medical cost inflation highest in India, says survey

Last Updated: Thursday, August 16, 2012, 20:33

Inflation on medical costs for multinational companies in India was among the highest in the world for 2011, according to a global survey.

Biz environment will be challenging for 2 years: Aurobindo

Last Updated: Wednesday, August 8, 2012, 16:20

Aurobindo Pharma has said the business environment is expected to remain challenging for the next one or two years as governments intervene and regulate healthcare costs to make it affordable to people.