Business News

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Explained: Energy geopolitics

Exploring the India-Vietnam oil and gas deal, and China’s frown.

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To beat ‘quarter-se-quarter-tak culture’, govt okays longer tenures for future SBI chiefs

4-5 years tenure to lend stability and help the management work on strategic plans.

HUL net up 8.13% amid ‘low-growth’

The company’s net sales during the quarter stood at Rs 7,465.54 crore, up 10.64 per cent compared with Rs 6,747.2 crore during the same period last year.

More than a dozen European banks flunk test, need to raise capital

The ECB checked the worth of banks’ holdings and subjected the banks to a stress test that simulates how their finances would fare in an economic downturn.

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As gold smuggling rises, DRI calls for lower import duty

The CAD during the first quarter of the current fiscal, narrowed down to 1.7 per cent of GDP from 4.8 per cent of GDP during the same period last fiscal.

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Car safety, design to get priority under new body

Bharat New Vehicle Safety Assessment program to roll out in 2015.

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Google’s Pichai to oversee major products, services

The India-born executive will have oversight over products such as search, maps, Google+, commerce etc.

Govt forms think tank to draft policy on intellectual property

The move comes as the US Trade Representative has begun a review of India’s IP regime.

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In Dantewada, Centre opens up another hill for iron ore mining

The mining will be undertaken by a joint venture company between NMDC and Chhattisgarh Mining Development Corporation.

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Substitute non-essential imports, make in India: PM

Instructs ministries to monitor imports and give quarterly reports.

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Explained: In coal light

The ordinance to facilitate e-auction of coal blocks to private firms for captive use is intended to clean up the mess that has crippled the sector and contributed to the UPA’s defeat in the summer elections.

China posts slowest growth since global crisis, more stimulus likely

On a quarter-on-quarter basis, growth eased to 1.9 per cent versus expectations of 1.8 per cent and down from 2 per cent in the second quarter.

Total CEO de Margerie killed in Moscow as jet hits snow plough

The crash occurred around midnight Moscow time as his Dassault Falcon was taking off for Paris in poor visibility.

Hero MotoCorp to invest R5K cr in units, R&D centre

Construction at Hero’s fifth plant at Halol, Gujarat, will also start next month while a sixth domestic plant in Andhra Pradesh will be built starting next year.

Festive cheer: Govt set to make more employees eligible for annual bonuses

Payments of Bonus Act to be amended; eligibility ceiling to be raised to Rs18,000.