Briefly Business: Govt introduces Bill to up capital of RRBs to R500 cr

With an aim to strengthen regional rural banks,the Centre has introduced a Bill in the Lok Sabha to raise their authorised capital to Rs 500 crore.

Published: April 23, 2013 12:46:20 am

New Delhi: With an aim to strengthen regional rural banks,the Centre has introduced a Bill in the Lok Sabha to raise their authorised capital to Rs 500 crore. Currently,authorised capital of RRBs is Rs 5 crore. PTI

Videocon,BPCL strike gas in Mozambique

New Delhi: Videocon Industries and Bharat Petroleum Corp have reported a fourth huge natural gas discovery in an offshore Mozambique block,where they hold 10 per cent stake each. PTI

ABB to buy US based Power-One for $1 bn

New Delhi: Power and automation technology firm ABB has said it will acquire US-based solar energy company Power-One for over $1 billion. PTI

Google fined by German agency

Berlin: Hamburg’s state data protection agency has fined Google Inc $1,89,000 for illegally recording information from unsecured wireless networks. AP

Shareholders,News Corp to settle issue

New York: News Corp will receive $139 million worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company’s phone hacking scandal.

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