Briefly Business

Vodacom Group is in talks to buy Tata Communications stake in South African telecoms operator Neotel for more than 5 billion rand ($500 million).

Vodacom in talks to buy Tatas Neotel for over $500 mn

JOHANNESBURG: Vodacom Group is in talks to buy Tata Communications stake in South African telecoms operator Neotel for more than 5 billion rand ($500 million),Bloomberg reported on Friday. Vodacom is the South African unit of Vodafone Group. India Tata owns more than 60 per cent of Neotel. The talks are set to become exclusive. REUTERS

Govt clears 15 FDI proposals

New Delhi: The finance ministry has approved 15 foreign investment proposals totalling Rs 2,000.5 crore and recommended two FDI applications,including that of US drug major Mylan,for final Cabinet clearance. PTI

Forex reserves jump to $277 billion

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Mumbai: Indias foreign exchange reserves rose by $2.03 billion to $277.38 billion in the week ended September 20 on a healthy increase in the core currency assets,Reserve Bank of India said in a release. PTI

Fitch says bad loans may peak by FY16

Mumbai: Rating agency Fitch on Friday said bad loans in Indias banking system are likely to peak in FY16,but stopped short of putting a number. Fitch had earlier forecast the date would be middle of FY14. PTI

M&M to hike prices by up to R20K from Oct

New Delhi: Mahindra & Mahindra said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1,to offset higher input costs. PTI

FIPB likely to consider Tata-SIA proposal

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New Delhi: The Foreign Investment Promotion Board (FIPB) may consider the proposal of Tata Group and Singapore Airlines for a new joint venture on October 18. PTI

Air Costa gets permit from DGCA

HYDERABAD: Vijayawada-based Air Costa received Air Operators Permit from DGCA,clearing the way to start its scheduled flight operations. ENS

The RJD’s key face and Leader of the Opposition (LoP) Tejashwi Yadav, party supremo Lalu Yadav’s son, will again contest from his stronghold Raghopur.

Amid Mahagathbandhan crisis, RJD unveils list of 143, drops 36 MLAs, focuses on ‘M-Y’

Political Pulse7 min ago

The RJD, lead player of the Mahagathbandhan, released its full list of 143 candidates for the November Bihar Assembly elections. Its key face Tejashwi Yadav will contest from Raghopur, and 41 sitting MLAs have been renominated. The party has dropped 36 sitting MLAs and fielded young leaders, signaling a bid to consolidate its core Muslim-Yadav vote base. The Congress has fielded 60 candidates.

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