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Tue, 28 Jul 2015 23:17:33 +0530 Tue, 28 Jul 2015 22:11:38 +0530 Business India Inc Employees Root for Younger Bosses: Survey Tue, 28 Jul 2015 22:09:39 +0530 Cabinet Nod for New Consumer Protection Bill Likely Tomorrow Tue, 28 Jul 2015 22:07:05 +0530 PNB Q1 Net Dips 49 PC to Rs 721 Crore on Higher Provisioning Tue, 28 Jul 2015 22:05:03 +0530 Kotak Mahindra International Sells 3.51 PC Stake in Ceat Tue, 28 Jul 2015 22:03:05 +0530 SpiceJet Posts Rs 72 Crore Quarterly Profit on Lower Expenses Tue, 28 Jul 2015 22:01:29 +0530 Union Bank Q1 Net Slips 22 PC as Bad Loans Nearly Double Tue, 28 Jul 2015 21:59:32 +0530 Tata Communications Reports Net Loss of Rs 33.86 Crore for Q1 Tue, 28 Jul 2015 21:57:36 +0530 SpiceJet Posts Rs 72 Crore Quarterly Profit on Lower Expenses Tue, 28 Jul 2015 21:54:27 +0530 Sebi Cancels Sahara's Mutual Fund Licence Sebi also directed Sahara Mutual Fund and Sahara Asset Management Company to stop accepting subscription from its existing or new investors with immediate effect. Tue, 28 Jul 2015 21:47:13 +0530 SpiceJet's Q1 Net Profit Rs.72 Crore Tue, 28 Jul 2015 18:17:27 +0530 Ola Goes Myntra Way, to Go App-Only Tue, 28 Jul 2015 18:12:28 +0530 India Inc Mourns Demise of Former President APJ Abdul Kalam Tue, 28 Jul 2015 18:08:47 +0530 Over 7 Lakh Homes Unsold in Top 8 Cities: Knight Frank Over 7 lakh housing units remain unsold in eight major cities and it will take more than three years to exhaust the inventories, property consultant Knight Frank India said. Tue, 28 Jul 2015 18:02:28 +0530 Diamond Glitters Even as Gold Lose Shine Even as the gold prices continued to fall on Tuesday, the prices of diamonds are on a firm ground, said leading jewellers. Tue, 28 Jul 2015 17:50:11 +0530 Free Wi-Fi Across Sri Lanka by 2016 Free Wi-Fi connections will be available across Sri Lanka by March 2016 under an agreement the government signed on Tuesday with multinational technology company Google, a media report said. Tue, 28 Jul 2015 16:49:32 +0530 Sensex Closes 102 Points Down The wider 50-scrip Nifty of the National Stock Exchange, too, closed in the red -- 24 points or 0.29 percent in the negative territory. Tue, 28 Jul 2015 16:27:59 +0530 HDFC Registers Q1 Net Profit of Rs 2,204 Crore Tue, 28 Jul 2015 15:59:17 +0530 PVR to Install Dolby Atmos in 50 Screens Across India To offer the best cinematic experience to the public, movie theatre chain PVR Cinemas on Tuesday announced plans to install cutting edge Dolby Atmos surround sound in 50 of its cinema screens across the country over the next two years. Tue, 28 Jul 2015 15:42:33 +0530 Banks to Witness Bad-Loans Pressure in FY'16: Moody's Tue, 28 Jul 2015 15:36:52 +0530 Blue Star Q1 Net Up 26% at Rs 39 Crore Air conditioner maker Blue Star today reported 25.89 per cent increase in its standalone net profit at Rs 39.04 crore for the first quarter ended June 30, 2015-16. Tue, 28 Jul 2015 15:33:37 +0530 Maruti Suzuki's Q1 Net Profit Up More Than 56 Percent Tue, 28 Jul 2015 15:28:38 +0530 Stock Markets Choppy; Investors Focus on Corporate Earnings Tue, 28 Jul 2015 15:27:06 +0530 RBI to Keep Key Rate Unchanged in August 4 Meet: DBS Reserve Bank of India is likely to keep the benchmark repo rate unchanged at 7.25 per cent in its policy review meet next week, a DBS report says. Tue, 28 Jul 2015 15:08:41 +0530 Honeywell to buy Melrose's Elster Business for $5.1 billion The all-cash deal for Melrose's Elster division will have a minor dilutive impact on its 2016 earnings per share, Honeywell, a maker of aircraft parts and climate control systems, said in a statement. Tue, 28 Jul 2015 13:09:06 +0530 Union Bank Q1 net Profit falls 22 pct, bad Loans Rise Union Bank of India <UNBK.NS>, the nation's sixth-biggest state-run lender by assets, reported a smaller-than-expected 22 percent fall in quarterly profit even as bad loans rose. Tue, 28 Jul 2015 12:49:04 +0530 Land Acquisition, Environmental Nods Hurting Industry: JSWSteel Jindal commended the government’s role in passing the Mines and Minerals Development and Regulation Amendment Act, 2015, which enables transparent auction of iron ore mines. Tue, 28 Jul 2015 12:36:40 +0530 Hero to Acquire Certain Assets of US-based EBR HMCL entities and the receiver have also agreed to resolve all disputes and fully give mutual release in terms of settlement agreement for all subject matters which is in any way related to EBR entities Tue, 28 Jul 2015 11:57:43 +0530 Oil Prices Down in Asia as China Stocks Plunge Weigh US benchmark West Texas Intermediate for September delivery fell 43 cents to USD 46.96 and Brent crude for September lost 55 cents to USD 52.92. Tue, 28 Jul 2015 11:44:06 +0530 Indian Jewellery Firm Eyes Australia Gold Market Newmont yesterday confirmed that it had netted USD 119 million from the sale of its 60 per cent stake in the Valcambi refinery. Tue, 28 Jul 2015 11:41:11 +0530 Ashish Bahuguna new Chief of Food Regulator FSSAI Ashish Bahuguna, former agriculture secretary, has been appointed as the chairman of the Food Safety and Standards Authority of India Tue, 28 Jul 2015 11:28:24 +0530 India, China Face Exodus of Millionaires: report India and China are facing an exodus of their wealthiest citizens with tens of thousands of "high-net-worth individuals" (HNWIs) having left to seek greener pastures, according to a new report. Tue, 28 Jul 2015 11:25:57 +0530 Dena Bank to sell Small Ticket bad Loans to ARCs For the first time, mid-sized state-run Dena Bank is planning to sell small ticket non-performing assets of up to Rs 2 lakh to asset reconstruction companies (ARCs) in the current quarter. Tue, 28 Jul 2015 11:07:07 +0530 Russian Economy to see Positive Growth in 2016 Russia is expected to see a positive growth of 2.3 percent in its economy next year, a leading Russian official has said. Tue, 28 Jul 2015 10:29:09 +0530 Sensex Gains 62 Points in Early Trade The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 22.45 points or 0.27 percent up at 8,383.45 points. Tue, 28 Jul 2015 09:58:34 +0530 Supertech Projects Sets new Construction Benchmark for the Real Estate Sector Supertech, a well-known real estate brand with a rich experience of 27 years, is well acknowledged for the panache of architectural spectacles Tue, 28 Jul 2015 09:48:52 +0530 China Shares Sink Again as Beijing Scrambles to Calm Markets The rapid sell-off, which saw China's major indexes suffer their biggest one-day loss in more than eight years Tue, 28 Jul 2015 08:50:35 +0530 Gold Stuck Near 5-1/2-year low as Fed Hike Looms Gold languished near its weakest level since early 2010 on Tuesday, with no meaningful recovery seen as expectations for a U.S. interest rate increase grow. Tue, 28 Jul 2015 07:42:14 +0530 Sensex Crashes on P-Note, China Pains Analysts warn investors to move with caution saying the sentiment would remain subdued till clarity emerges on the tricky P-Note issue Tue, 28 Jul 2015 06:39:40 +0530 Nalco Seeking New Footholds to Stay Afloat Tue, 28 Jul 2015 06:39:40 +0530 EU Generic Drugs Ban Sends Desi Pharma Cos Shivering Tue, 28 Jul 2015 06:39:39 +0530 Good Response to PFC Offer, Govt Likely to Net Rs 1,600 cr Tue, 28 Jul 2015 06:39:39 +0530 Bad Loans May Continue to Haunt Banks: Moody's Bad loans may continue to haunt Indian banks, according to global credit rating agency Moody’s. Tue, 28 Jul 2015 06:39:39 +0530 Lulu Group Seals Rs 1,094 Cr Hotel Deal at Great Scotland Yard Tue, 28 Jul 2015 06:39:39 +0530 MSME Ministry Launches Schemes for Women Entrepreneurs Under Mahila Coir Yojana, financial assistance is provided for motorized ratts for spinning coir yarn to women artisans after giving training. Mon, 27 Jul 2015 18:27:05 +0530 Lava to Invest Rs 2,615 Crore to Set up 2 Manufacturing Units Given the government's push for 'Make in India', device makers including HTC and Vivo have evinced interest in starting manufacturing in the country. Mon, 27 Jul 2015 17:51:34 +0530 Government Signals Retreat Over Plans to Clip RBI Wings The government asked for feedback on the draft, which quickly drew criticism for economists and investors who want the RBI to retain independence in setting rates. Mon, 27 Jul 2015 16:37:06 +0530 MRF Q3 Net Surges 94% to Rs 447 Crore Tyre manufacturer MRF today reported a 94.07 per cent surge in standalone net profit at Rs 446.81 crore for the third quarter ended June 30. Mon, 27 Jul 2015 16:27:46 +0530 Sensex Falls 551 Points, Marks Biggest One-day Percentage Fall in Nearly Two Months The BSE Sensex ended down 1.96 percent, marking its biggest single-day fall since June 2. Mon, 27 Jul 2015 16:12:55 +0530 POSCO's Finex Plant Likely to be Shifted to India by October Both MESCO and POSCO had signed a pact in March and the Indian firm had then said that the Korean giant will have 26 per cent equity in the JV. Mon, 27 Jul 2015 16:00:05 +0530 RBI to Pause on Aug 4; 50bps Cut Likely in Early 2016: BofA-ML DBS in a research note said that "apart from the firmer US dollar, signals from the US Federal Bank will also be important for the Reserve Bank of India's rate trajectory. Mon, 27 Jul 2015 15:56:33 +0530 523 Industrial Units Shut Down in 2014-15: GSPCB Report Of the total 523 units that have been shut down, more than half are located in the mining belt, which is currently undergoing economic recession. Mon, 27 Jul 2015 15:52:24 +0530 Road Transport Ministry: Continues UPA's Work, Contradicts Own Data However, a look at the figures projected as key achievements shows that the claims are biased or incorrect - and the schemes projected as fresh initiatives have been in existence for years. Mon, 27 Jul 2015 15:41:59 +0530 Facebook to Scale up Free Mobile Internet Service to Boost Usage Facebook currently partners with specific operators to launch the service in different countries. Mon, 27 Jul 2015 15:27:41 +0530 Jaitley Says to Consider Carefully Report on Black money About $22.5 billion in investments have flowed into Indian stocks from abroad since the start of 2014, including to P-notes. Mon, 27 Jul 2015 15:19:53 +0530 TAKE Solutions Ventures into US Big Data Market Intelent aims to address the S300 billion healthcare and life sciences market by providing clients offerings in the areas of data integration and advanced analytics. Mon, 27 Jul 2015 14:59:37 +0530 NIIT Ranks Among Top 20 Workforce Development Companies by NIIT’s Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. Mon, 27 Jul 2015 14:57:51 +0530 EPFO to Invest Around Rs 410 Crore in ETFs Every Month An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. Mon, 27 Jul 2015 14:51:56 +0530 Bharti Realty Ties up with Eros Group for Housing Project The Bharti Group has presence in telecom, agri-business, financial services, retail and real estate among others. Mon, 27 Jul 2015 14:47:34 +0530 Jaitley Rules Out Knee-jerk Reaction on Report to Curb Money Laundering Jaitley said the government would apply its mind on the recommendations in due course and would avoid any decision that could hurt investor sentiment. Mon, 27 Jul 2015 14:43:39 +0530 Sensex Tumbles 437 Points on P-Note Worries; Nifty Cracks 8,400 The NSE Nifty also succumbed to all-round selling and cracked the 8,400-mark by dropping 129.20 points or 1.51 per cent to 8,392.35. Mon, 27 Jul 2015 14:26:35 +0530 Government Says to Consult on RBI on New Monetary Policy Panel Sinha's comments come days after the finance ministry published draft legislation that proposes to reduce the RBI's influence in setting interest rates. Mon, 27 Jul 2015 14:18:52 +0530 Gold Prices Fall by Rs.7 per Gram Gold prices on Monday slipped down to Rs.2,370/gram while the demand for the yellow metal has picked up. Mon, 27 Jul 2015 13:12:48 +0530 Jaitley Rules Out "Knee-jerk" Reaction on Report to Curb Money Laundering The Supreme Court-appointed team said the market regulator, SEBI, needed to ensure it can better identify owners behind overseas investments. Mon, 27 Jul 2015 12:38:02 +0530 PFC Stake Sale Fully Subscribed; Government May Get Rs 1,600 Crore The Government's 5 per cent stake sale today in power sector lender PFC got fully subscribed with strong demand coming in from institutional investors. Mon, 27 Jul 2015 12:30:52 +0530 Rupee Recovers by 1 Paise in Late Morning Deals The rupee resumed lower at 64.0775 per dollar as against last Friday's closing level of 64.04 at the Interbank Foreign Exchange market. Mon, 27 Jul 2015 12:28:07 +0530 Government to Hold Consultations on P-notes; No Decision Yet: Revenue Secretary The Supreme Court-appointed SIT on black money last week recommended a host of measures, including suggesting the securities regulator SEBI to tighten norms. Mon, 27 Jul 2015 12:17:43 +0530 IndusInd Completes Acquisition of RBS Bullion Financing Business Hinduja Group-promoted IndusInd Bank today said it has completed acquisition of Royal Bank of Scotland's diamond and jewellery financing business in the country. Mon, 27 Jul 2015 11:18:48 +0530 Sensex Plunges 172 Points in Early Session The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 57.70 points or 0.68 percent down. Mon, 27 Jul 2015 11:01:07 +0530 Jewellery Firm Rajesh Exports Buys Valcambi for USD 400 Million in Cash The company was selected after a global search by Valcambi's existing owners. Mon, 27 Jul 2015 10:54:07 +0530 Rupee Declines 4 Paise Against Dollar in Early Trade Meanwhile, the benchmark BSE Sensex fell below the 28,000-mark to trade at 27,875.31. Mon, 27 Jul 2015 10:51:02 +0530 Oil Prices Fall on Oversupply Worries; Investors Look to Fed Meeting Oil prices fell on Monday after closing the previous session at their lowest levels since March. Mon, 27 Jul 2015 10:01:43 +0530 Gold Holds Above 5-1/2 Year Low, But More Weakness Seen Gold hovered just above its lowest level since 2010 on Monday, struggling to move higher. Mon, 27 Jul 2015 08:59:28 +0530 Foreign Investors Pour in Rs 8,400 crore in July Mon, 27 Jul 2015 06:38:39 +0530 Mesco Steel Plans Rs 13,500 Crore Investment to Raise Capacity Mon, 27 Jul 2015 06:38:39 +0530 Andhra Bank Q1 Net Profit Rises 89 Percentage to Rs 203 Crore Mon, 27 Jul 2015 06:38:39 +0530 Special Court to Fast-track Prosecution Cases: Sebi Chief According to Sinha, the new powers have helped Sebi protect investors and take on fraudsters by attaching assets worth Rs 2,000 crore so far. Mon, 27 Jul 2015 06:38:38 +0530 Over 61,000 Indian Millionaires Shifted Abroad in Last 14 yrs Mon, 27 Jul 2015 06:01:50 +0530