EU finance ministers agreed new measures to force accountants and banks to report aggressive tax schemes that help companies shift profits to low-tax countries.
Europe wants to avoid a trade war with the US over its plans to impose tariffs on steel and aluminium, but is preparing immediate counter-measures just in case.
Greece will not need a new international aid program after its third bailout ends in August, the European Commissioner for Economic and Financial Affairs Moscovici said.
European Commissioner for Economic and Financial Affairs Pierre Moscovici said he was “especially optimistic” about efforts to reach a solution on Greek debt relief.
The euro zone economy grew at its fastest pace in a decade last year and this growth momentum will last into 2018 and 2019, Pierre Moscovici told a banking seminar.
EU finance minister's plan to adopt a blacklist of tax havens and assess the impact of the US’ planned tax overhaul in a meeting on Tuesday.
EC proposals to deepen integration of the euro zone will seek to make the whole of the EU more united and improve the democratic accountability of euro zone institutions.
The EU’s tax commissioner Pierre Moscovici said the Commission was considering using extraordinary powers to strip EU states of their veto power on tax matters.
The European tax commissioner urged a quick agreement in the EU on stricter rules for lawyers, bankers and other advisers that help firms devise schemes.
Moscovici said the strength of the euro also depended on monetary policy, adding he trusted the “leadership" of Draghi.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months