Tuesday, Jul 29, 2014
Farm sector stares at muted 1% growth even as rainfall picks up

Farm sector stares at muted 1% growth even as rainfall picks up

Recently-released economic survey forecast GDP growth of 5.4-5.9% in 2014-15.

Citigroup to hire 100 bankers in Asia, eyes more business from smaller clients
Citigroup to hire 100 bankers in Asia, eyes more business from smaller clients

Citi also plans to target suppliers to major Asian firms such as Lenovo and Tata.

What’s Plan B, SBI plans to ask its borrowers
What’s Plan B, SBI plans to ask its borrowers

Banks have asked the government to ensure that debt recovery mechanisms such as Sarfaesi work faster.

Only 6% of 12 lakh construction workers registered in Gujarat: CAG
Only 6% of 12 lakh construction workers registered in Gujarat: CAG

Between 2009-12, about 33 deaths of construction workers were reported.

Anand Mahindra invests in Rohit Khattar's entertainment company Cinestaan

Cinestaan, with major investment by Anand Mahindra, will produce films and TV content.

Amway India CEO William Pinckney released on bail after 2-month jail term

A spokesperson of Amway said Pinckney has been granted bail in all the cases in Andhra Pradesh.

Hindustan Unilever Q1 net profit rises 3.7 pct at Rs 7,570 cr, beats estimates

HUL's net sales climbed to Rs 7,570 cr in Q1 from Rs 6687.49 crore a year ago, up 13.20 pct.

BSE Sensex, NSE Nifty slip to one-week lows as profit taking continues

BSE Sensex fell over 135 pts to close at 25,991.23 pts in second straight session of decline.

Anil Ambani's Reliance Power to acquire all hydro projects of Jaiprakash Associates

Reliance Power will get Jaiprakash Power's hydroelectric portfolio - largest in India.

India Inc honchos lap it up: Hero Motocorp CEO Pawan Munjal tops pay charts

Close on Munjal's heels is Lupin's Desh Bandhu Gupta and Apollo Tyres CMD Onkar Singh Kanwar.

India real estate funds look to raise $1 bn from overseas

Last year, realty funds managed to mop up close to $370 million from international markets.

Over-the-top demand projections render power investments idle

Faulty estimates by the CEA on peak load growth had sparked off investments.

FDI limits for defence, railways to be hiked; e-commerce to wait

The Union Budget 2014-15 while announcing a liberalised FDI caps for insurance, railways and defence was silent on e-commerce.

FinMin to pitch for ratings upgrade with S&P, other agencies

S&P currently rates India as 'BBB-', the lowest in the investment grade, with a negative outlook.

India's Sovereign rating to remain stable: Morgan Stanley

India's sovereign is currently rated BBB- by all rating agencies.

Royal Jordanian to shut down Delhi, Mumbai flights

Royal Jordanian will stop operating to Mumbai on September 10 and to Delhi on October 31, this year.

Top-seven cos add Rs 76,793 cr in market valuation; TCS shines

Software giant TCS's market value zoomed Rs 31,790.15 crore to Rs 5,10,238.84 crore.

Equity Mutual Funds back in favour among retail investors

Fund rush: Inflows in equity schemes have reached six-year highs in Q1.

Africa, Latin America new sources of crude for India

India’s crude sourcing has diversified into South America and Africa.

Over 8 lakh children in Gujarat malnourished: ICDS

Strangely, Vadodara had the highest number of children who are underweight.

We need new deal flow of $800 m to $1 bn on a regular basis: Wipro CEO

We have to continue our thrust in infrastructure services but also get our other engines firing, Wipro CEO.

Markets crack from lifetime high on profit-booking, close week in green

On Friday, BSE Sensex closed 145.10 points down at 26,126.75 points, snapping its eight-day gaining streak.

Debt MF tax will be made prospective, finmin won’t appeal retro tax verdicts

The Rajya Sabha will consider the Finance Bill for passage on Wednesday.

RBI fines 12 banks for Deccan Chronicle default

For the Rs 4,000 crore borrowings, the collateral was not even half of the loan amount.

Marginal relief for mutual funds; new tax rate effective from July 10

CBDT to get discretion on penalty for late filing of tax returns.

Vodafone India Q1 revenue up 10% at Rs 10,323 crore

Vodafone India revenue in terms of GBP, however, declined by about 6 per cent due to about 17 per cent dip in value of the rupee against British pound.

Serious faults hit two Air India Boeing 787 Dreamliners just ahead of take-offs

Both Air India Boeing 787s Dreamliners reported serious faults and had to be grounded.

Economic recovery visible in India, NSE Nifty seen at 8,000: UBS

Economic activity on the upswing, albeit in select pockets, says UBS.

Arun Jaitley announces some concessions, tax on MF from July 10

Arun Jaitley said high tax rate of 20 per cent on the debt mutual fund will apply from July 10...

Colgate Palmolive quarterly net profit plunges 27.16 pct at Rs 134.91 crore

Colgate Palmolive had posted profit of Rs 185 crore during same period in previous fiscal...

Punjab National Bank Q1 net profit rises 10% to Rs 1,405 crore

PNB's total income increased to Rs 12,825.13 crore during the first quarter ended June 30

CAG flays state for creating Rs 473 cr burden on power consumers in Gujarat

This was done in 'disregard' to the economical mix proposed by GERC.

Facebook goes express to mega-cap status, now valued more than Coca-Cola

Facebook's rally has even left e-commerce giant Amazon Inc in the dust.

BSE Sensex retreats after hitting life-time high, NSE Nifty too falls

BSE Sensex today ended 145 points lower at 26,126.75...

Biocon Q1 net profit up 9 pct to Rs 103 crore

Biocon's total revenue also rose to Rs 742 crore for the first quarter.

India blocks WTO deal on customs rules; members say veto could be costly

World Trade Organisation members say Delhi's veto could be costly, economically and politically.

After FDI boost, top insurance firms looking to list on bourses

Cabinet has approved 49 pct foreign investment in insurance firms, with Indian control.

Cairn India's $1.25-billion loan offer to Vedanta Group raises concerns

Cairn India's cash and cash equivalents now stand at Rs 13,561 cr in rupee funds...

Ford Vendors converge at Sanand; invest close to Rs 500 cr in Gujarat

Movement of 15-odd Ford vendors is the largest movement of auto ancillary units to Gujarat...

BSE Sensex logs new peak, Nifty scales 7,800 as mkts up for 8th day

BSE Sensex soared 125 pts to end at new record close of 26,271.85.

Cabinet clears 49% insurance FDI, Bill soon

In his budget speech, FM Arun Jaitley had said that insurance sector is investment starved.

TAQA calls off Rs 9689 cr deal to buy Jaiprakash Power's two hydro projects

The indebted Jaypee group has received a major jolt in its effort to pared down its huge debt bruden.

Cabinet clears bill to empower Sebi to deal with ponzi schemes

The Bill seeks to give Sebi sweeping powers like attachment of properties, amongst other things.

Modi govt to appoint committee to review gas price formula, inducts Pratap Bhanu Mehta

The panel, including Bibek Debroy, will revisit Rangarajan gas price formula

China plans railway to India, Nepal borders by 2020

China opened the railway to Tibet's capital Lhasa in 2006.

India will not back WTO protocol 'unless concerns addressed'

India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met

SIT, CBI to look into Adani Group case

Faces probe for over-invoicing

TCS market cap hits Rs 5 lakh crore

TCS is significantly ahead of runner-up ONGC whose market-cap stood at Rs 3,46,582 crore.

India at WTO: The global trade facilitation agreement row

Indian government has threatened to veto the implementation of the deal struck in Bali.

Nitin Gadkari: No tenders for roads without 80% land in place

Around 300 projects to be up for bids in 5-10 years.

Investors bullish on India, expect it to outperform peers: Citigroup

Foreign investors are bullish on India with likely boost in economic growth coupled with lower inflation...

BSE Sensex rises over 121 pts to record close, marks longest winning streak since 2012

BSE Sensex jumped over 121 pts to end at a new closing peak of 26,147.33

Jet Airways chairman Naresh Goyal says will restructure debt, talking to bankers

Naresh Goyal said the carrier is talking to its bankers without giving details of the discussions.

Bullish on Indian equities, but gains seen 'less sharp': Goldman Sachs

Goldman Sachs is "strategically bullish" on Indian equities, with a 12-month NSE index target of 8,600 points

InMobi creates $25 mn game developers fund

InMobi will provide advisory services including global scaling, monetization, etc to developers who enroll through 2014.

India likely to grow at 6 per cent in 2014-15: Gita Gopinath

Gita Gopinath also pitched for India's rating upgrade and underlined the need for fiscal prudence.

NSE Nifty hits new lifetime high of 7,809.20 on capital inflows; Infosys, Bank of Baroda shares jump

NSE Nifty surpassed previous intra-day high of 7,808.85 touched on July 8.

TCS continues to outpace Infosys, revenue gap widens to Rs 33,313 cr

TCS has over 3 lakh employees now, which is roughly double that of Infosys.

Apple revenue lags Street's view despite strong China growth

Apple sold 35.2 million iPhones in the June quarter, a rise of about 13 percent.

Taxman targets 60% cut in cases stuck in appeals

The Central Board of Direct Taxes has decided to dispose of 60% of the pending cases in FY15.

BSE Sensex reclaims 26,000-level,up 311pts as funds chase earnings

BSE Sensex has ended above 26,000 mark as it concluded at 26,025.80, a rise of 310.63 points, or 1.21 per cent.

Big telcos won’t benefit much from spectrum sharing rules

Doesn’t address gaps in 3G networks; An Airtel can’t share with an MTNL.

India Inc’s ECB count: $10 billion and going up fast

With interest rates in the country elevated, corporates have been looking to raise funds overseas.

Nokia told not to dispose of assets without HC nod

SC directed Nokia India not to dispose of its Chennai plant's assets without the Delhi HC permission.

Aptel allows Adani, Tata Power to get new rates from discoms

Tribunal stays the recovery of pre-March 2013 arrears by the two companies.

Air India resumes Delhi-Moscow flight service after 15 years

After a gap of 15 years, national carrier Air India has resumed air service to Moscow...

Only 29.2% elderly have control over finances: Agewell Foundation

In a disturbing revelation, every third elderly person suffers from some sort of mistreatment...

Dholera airport granted 'site clearance'

The airport at Dholera is expected to replace the existing airport at Ahmedabad...

Among 12 states, pvt players produce most power in Gujarat

Over 60% of power generated in Gujarat comes from private entities...

Idea Cellular quarterly profit jumps 57 pct on higher voice rates, data use

Idea Cellular, India's third-biggest mobile phone operator, said first-quarter profit was $120.8 mn.

SpiceJet, Jet Airways, Kingfisher Airlines owe Rs 500 cr in unpaid charges to AAI

Kingfisher Airlines tops the list with Rs 172.69 crore of dues...

Financial Express

Narendra Modi says govt's policy should be focussed on increasing farmers' incomes...

Even as Muslims across the city are celebrating 'Eid Ul-Fitr' today, local traders...

Batra posed a similar question to the PMO on May 19 seeking details of the files maintained by it related to the implementation of RTI.

The Zenfone 5 especially looks like a winner, as we found in our full review. But is bigger better?

Salman Khan's 'Kick' box office collections making waves, but...

Samsung Electronics Co. says it is delaying sales of its first Tizen-powered smartphone.

ITC had registered a net profit of Rs 1,891.33 crore in the April-June period of 2013-14.