S&P cuts India’s outlook to negative from stable The Standard & Poor’s Ratings Services (S&P) has revised India’s long-term rating outlook to negative from stable and has affirmed BBB-rating on India. India’s weak fiscal profile is the largest negative factor which is likely to remain high at 11.1% in FY10, is unsustainable in the medium [...]

Government reduces service tax, excise duty by 2 percent In order to help industry reeling under the impact of slowdown, the govt. today announces several relief measures in service tax and excise duty, effective from today. Excise duty reduced from 10% to 8% Service tax cut from 12% to 10% 4% excise duty cut announced [...]

Launching of CNBC-TV18’s Boston Analytics Consumer Confidence Index According to ACNielsen’s recent report India’s consumer confidence highest in world. Now, India’s No.1 business news channel CNBC-TV18 along with research firm Boston Analytics, will introduce the CNBC-TV18 Boston Analytics Consumer Confidence Index(CCI), with an objective of providing, policy makers, market participants , researchers , corporate, industry [...]

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