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GST will make farm goods, services dearer: task force
Introduction of GST would help attain higher GDP growth and pull down prices of manufactured items, but would make farm goods and services expensive, the 13th Finance Commission Task Force on Goods and Services Tax (GST) said here today.

IOB net dips 51% to Rs 176 cr
Indian Overseas Bank today reported 51 per cent decline in its net profit at Rs 176.04 crore for the second quarter ended September 30, 2009.

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Fiat to bring 'By Diesel 500' premium small car to India
Italian car-maker Fiat today said it plans to bring its super premium hatchback "By Diesel 500", a co-branded model with European clothing firm Diesel, to India as it looks to add more style quotient to its portfolio.
Online Business

Telecom M&A deal volume touches $49 bn: Dealogic

Merger and acquisition volume in the telecom space worldwide stood at $49.2 billion so far this year driven by the US-based Frontier Communications" $8.6 billion acquisition of Verizon Communications. As per global deal tracking firm Dealogic, global telecom volumes in 2009 stood at $49.2 billion through 410 deals. This, however, represent a 29 per cent decline from its year ago period. In the corresponding period in 2008, there were 549 telecom deals worth $69.8 billion.


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