Business News
Mar 13, 2014
SBI Life to appeal against Irda’s R275-crore refund order Subscriber Only
The Irda has charged SBI Life of violation of various norms by mis-selling the policy and payment of higher commission to agents.
Mar 13, 2014
Former Irda official questions regulator’s move to increase FDI cap in intermediaries Subscriber Only
Aatur Thakkar, director, Alliance Insurance Brokers said allowing FDI stake beyond 49 per cent for next two years would put local broking industry at a disadvantage.
Mar 13, 2014
Nalco gets its first woman director Subscriber Only
After graduating in Electrical Engineering from REC, Rourkela (now National Institute of Technology), Mondal joined Nalco in 1984 as a Graduate Engineer Trainee.
Mar 13, 2014
FinMin plans to relax ADR, GDR issuance rules Subscriber Only
An ADR is a security that represents securities of a non-US company that trades in the US financial markets.
Mar 13, 2014
‘Good creative thought going on in nuclear liability bill … we’re trying to pick up pace’ Subscriber Only
Dr Ernest Moniz, US Energy Secretary, wrapped up his three-day visit to India meeting with top Department of Atomic Energy officials in Mumbai.
Mar 13, 2014
APP allegations ‘factually incorrect’: Reliance Subscriber Only
The panel suggested that domestically produced gas should be priced at an average of global hub rates and the cost of importing liquid gas (LNG) into India.
Janyala SreenivasMar 13, 2014
SpiceJet places $4.4 bn order for 42 Boeing 737s Subscriber Only
49 per cent FDI by foreign airlines in Indian carriers has emerged as the biggest game changer.
Sandeep SinghMar 13, 2014
Irda probes ICICI Lombard for alleged fraud in govt schemes Subscriber Only
In another personal insurance scheme (Shetkari Apghati Durghatana Bima Yojana) of the Maharashtra government, it was alleged that the company settled only 638 claims out of 3,900 claims.
Mar 13, 2014
Factory output nudges up after shrinking for 3 months Subscriber Only
Power generation and mining output improves; manufacturing dips.
Mar 12, 2014
Hyundai launches Xcent at Rs 4.66 lakh, sparks off price war in compact sedan segment Subscriber Only
Hyundai Xcent will take on likes of Maruti Dzire, Honda Amaze and Tata Motors' upcoming Zest.
Mar 12, 2014
Two Indians among Forbes’ America’s most powerful CEOs under-40 list topped by Google’s Larry Page Subscriber Only
The youngest CEO on the list is Facebook founder Mark Zuckerberg, 29, remains in the second place.
Mar 12, 2014
Turkish food festival at Delhi’s Shangri-La Eros Subscriber Only
Turkish food festival is being held at Shangri-La-Eros Hotel in Delhi from March 6-16.
Mar 12, 2014
BMW to launch India-made Gran Turismo, X5 SUV Subscriber Only
Taken aback by sharp drop in its India sales, BMW plans localisation.
Mar 12, 2014
FDA has posted approval for Sun Pharma's generic schizophrenia drug, Risperidone, on its website.
Mar 12, 2014
SpiceJet places $4.4 bln order for 42 Boeing 737s Subscriber Only
SpiceJet is seen as a target after India relaxed restrictions on investment by foreign airlines.
Mar 12, 2014
Emerging economies holding back global recovery: OECD Subscriber Only
Growth for major advanced economies in the first half of 2014 will be slower than in the second half of 2013.
Mar 12, 2014
Tough international sanctions over the past two years have cut Iran’s oil exports in half, measures that starved it of hard currency and helped lead it to the nuclear deal last November.
Mar 12, 2014
Sebi had initiated a probe after it had noticed that the firm’s share-price fluctuated within few days of its listing.
Mar 12, 2014
Talks fail, Coal India officers to go on strike Subscriber Only
CIL is understood to have called off its board meeting on Wednesday at Kolkata, which was for clearing its public private partnership policy.
Mar 12, 2014
Need to speed up nuclear energy collaboration: Montek Subscriber Only
Ahluwalia’s assertions assume significance as they come a day before the Indo-US civil-nuclear working group meeting in Mumbai.
Mar 12, 2014
‘Govt halts plan to join global bond indexes, defers Euroclear’ Subscriber Only
The news caused the rupee to retreat further from its seven-month high of 60.5925 to the dollar hit in early trade.
Mar 12, 2014
FII ban in defence sector likely to be revoked Subscriber Only
Finance ministry in talks with DIPP and defence ministry.
Mar 12, 2014
I-T dept raids Hiranandani group properties Subscriber Only
Hiranandani group is a major real estate player in Mumbai with its flagship post project located in Powai.
Mar 12, 2014
Unitech sells 10 acres of land to repay debt Subscriber Only
In January, sources had said that Unitech was looking to sell plots in south India for about Rs 400 crore.
Mar 12, 2014
Exports shrink first time in 7 months; trade deficit narrows Subscriber Only
Oil imports during the 11-month period stood at $151.84 billion, 0.8 per cent higher than the same period last year.'
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