Bill Gates meets Indian business leaders
Bangalore: Microsoft founder Bill Gates on Friday held talks about philanthropy and its impact on society with some of Indias top businessmen here. Gates shared his thoughts on philanthropy with industry stalwarts like Wipro chairman Azim Premji,Infosys chairman emeritus Narayana Murthy,Tata Group Chairman Ratan Tata and Biocon Chairman and Managing Director Kiran Mazumdar Shaw among others,industry sources said.
Financial majors lower India growth prospects
New DelhI: Five global financial services majors,including Morgan Stanley,Stanchart and Citi,have lowered Indias growth prospects to 5.7-6.4 per cent for the current fiscal,a day after markets received a shock from nine-year low GDP growth of 6.5 per cent for 2011-12.
BEL bags Businessworld Business Award
New DelhI: Bharat Electronics Limited (BEL) has bagged the Businessworld International Business Award in the electricals,electronics & machinery category. Director (Marketing),BEL,HN Ramakrishna,received the award from Minister for Communications Kapil Sibal.
Ireland backs EU fiscal pact with clear majority
DUBLIN: Irish voters have backed the EU fiscal pact by a large majority,final referendum results showed on Friday,in what Prime Minister Enda Kenny hailed as a powerful signal to the world.
No case for interim relief to Uninor bank guarantee
New Delhi: Telecom tribunal TDSAT on Friday held that Uninor has not made out a case for any interim relief in its plea to reduce the financial bank guarantee (FBG) to Rs 84.50 crore from Rs 630 crore which it had submitted before the government at the time of licence and spectrum allotment.
CBI arrests a senior Sebi official for alleged graft
NEW DELHi: CBI has arrested a senior official of Securities and Exchange Board of India and a middleman for alleged graft. The agency arrested a Deputy General Manager of Sebi Avarjeet Singh and a middleman Ashok Mehta for allegedly demanding and accepting a bribe of Rs 10 lakh for getting an inquiry settled.
Toyota hikes vehicle prices by up to 1%
New Delhi: Toyota Kirloskar Motor on Friday announced raising prices of select models by up to 1 per cent with immediate effect in order to partly offset losses due to rupee depreciation.
BEML posts R14-cr Q4 loss as industrial growth slows
bangalore: Defence equipment-maker BEML on Friday posted a loss of Rs 14 crore for the quarter ended March against a profit of Rs 70.25 crore in the year-ago period.
DK Mehrotra appointed as LIC chairman
Mumbai: Dinesh Kumar Mehrotra has been appointed as the chairman of LIC by the government,a release from the company said. Mehrotra was serving as the acting chairman of the company for the last one year.
Forex reserves drop for fourth consecutive week
Mumbai: Indias foreign exchange reserves dropped in the fourth consecutive week to $288.259 billion as of May 25 from $290.001 billion in the previous week,the central bank said in weekly statistical supplement on Friday.