Govt seeks Cabinet nod to keep parties out of RTI

The government has decided to keep political parties out of the ambit of Right to Information (RTI) Act and may seek approval of an amendment at a meeting of Union Cabinet on Thursday.A draft note on the issue  has been prepared by the department...

21.03 | 0 komentar | Read More

Salarpuria Sattva will conduct property exhibition

-- Showcases 3000 units of premium apartments in prime locations through their in-house property fair "HOMES FOR LIFE". Apartments include ready- to occupy as well as on-going projects-- Will release four NEW project pre-launches at the exhibition--...

21.03 | 0 komentar | Read More

Will banks hike interest rates? Looks unlikely

Moneycontrol BureauCommercial banks, which are experiencing high cost of borrowings due to non-availability of easy money, are unlikely to hike their interest rates after the Reserve Bank of India maintained status quo in its April-June policy...

21.03 | 0 komentar | Read More

CIL trade unions have agreed for 5% disinvestment: Minister

Jul 30, 2013, 05.59 PM IST A five percent stake sale will fetch the government about USD 1.5 billion at current market price. Coal India's trade unions had earlier threatened to go on an indefinite strike if the government went ahead with...

21.03 | 0 komentar | Read More

Srei Infra seeks Sebi nod to raise up to Rs 200cr via NCDs

Srei Infrastructure Finance Ltd has sought market regulator Sebi's approval to raise up to Rs 200 crore through non-convertible debentures (NCDs).    Srei is planning to garner Rs 100 crore through secured, redeemable, NCDs and would...

21.03 | 0 komentar | Read More

FIPB clears Jet Airways-Etihad Airways deal but with riders

The Foreign Investment Promotion Board has cleared the much awaited Jet-Etihad deal, but with riders. Jet Airways is likely to get Rs 2058 by offloading 24 percent stake to Etihad. The deal is cleared with four conditions which include Jet Airways...

21.03 | 0 komentar | Read More

Tweet for free on Vodafone network for 3 months

As part of its initiative to drive mobile internet adoption in the country, telecom giant Vodafone today partnered with Twitter to offer subscribers free access to the microblogging website for three months.     Also read: Reliance...

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RBI hints at more liquidity measures in policy action

Moneycontrol BureauThe Reserve Bank of India (RBI) on Monday hinted at controlling fund flows or the market liquidity as it is known in the banking parlance, to take policy stance giving priority to both the growth-inflation balance and macro-financial...

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Cabinet may take final call on Walmart lobbying case

The findings of a one-man panel set up to probe retail giant Walmart's lobbying activities may soon go to the Union Cabinet, which would also look into suggestions made by various ministries in this regard. Also read: Panel probing Walmart lobbying...

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Drug retailers need more time to sell old stock

The new Drug (Price Control) Order (DPCO) that slashed the prices of essential drugs with effect from today would incur a massive loss to the tune of Rs 600 crore for drug retailers in Kerala as they have already taken the drugs on a higher price, medical-shop...

21.03 | 0 komentar | Read More

US chief executives can't break cost-cutting habit

A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy's Co : More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings.While...

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Vikas Khanna explores his 'Junoon' for cooking in Manhattan

The Indian food and beverage industry is currently worth US 41 billion and is expected to grow at 11 percent to touch USD 68 billion by 2013. A lot of Indian startups are attracted to the industry.41 year old Vikas Khanna, chef and author, Restaurant...

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Reworking your beverage menu? Here's an agency to help you

For 33-year-old Nikhil Agarwal, his agency for the food and beverages (F&B), All Things Nice, is out to introduce and educate people on wines, single mot chocolates and even cigars. The consultant sommelier and founder of the agency, advises restaurants...

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Lanco in talks to restructure $1.5 bn debt - paper

Infrastructure builder Lanco Infratech has started discussion with its bankers to restructure debt worth Rs 90 billion as a weak economy takes a toll, the Business Standard newspaper reported on Saturday.Also read: Government mulls plan to start coal...

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Restructure cheaper; no worry on fall in cash level: Ambuja

Forty-eight hours after Ambuja Cements announced restructuring of ownership by parent Holcim , the airwaves have been flooded with reactions and concerns from minority shareholders, investors, and analysts.Ambuja Cements managing director, Onne Van Der...

21.03 | 0 komentar | Read More

30% sourcing from small units a must: MSME Ministry

The MSME Ministry today said the global multi-brand retailers must have to comply with the mandatory 30 percent sourcing norm from small industries.    Retail giants like Walmart, Tesco and Carrefour have demanded from the government...

21.04 | 0 komentar | Read More

Robust deal pipeline in US to drive growth: KPIT Cummins

Jul 24, 2013, 06.21 PM IST Information Technology services provider KPIT Cummins expects that the robust deal pipeline in US and Asia Pacific regions and increased spending by clients to drive growth in the coming quarters. ...

21.03 | 0 komentar | Read More

SC issues contempt notice to Sahara group's two firms

The Supreme Court on Wednesday slapped contempt notices on two Sahara firms — Sahara India  Real Estate Corporation and Sahara Housing Investment Corporation — for not complying with its order of refunding  around Rs 19,000 crore to investors...

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Schoolboy hitches dream to post-liberalisation bandwagon

Gargi BanerjeeWhile Maths and Science were being taught in class, this little boy craved to experiment and create rather than imitate. As he wrote his sums deligently, he dreamt of growing up and making a mark in free India as a businessman and contributing...

21.03 | 0 komentar | Read More

Cisco to acquire cyber security firm Sourcefire for $2.7 bn

Networking solution provider Cisco will acquire US-based cyber security solutions firm Sourcefire for about USD 2.7 billion in cash, a move aimed at boosting the company's network security business.    The deal, which has been approved...

21.03 | 0 komentar | Read More

Axis Bank starts arbitration process against Maldives govt

Jul 24, 2013, 07.26 PM IST The names of the arbitrator are likely to be finalised by September. The final hearing, however, will take place in December. Axis Bank had lent around USD 160 million to GMR for Male airport development. ...

21.03 | 0 komentar | Read More

Tech Mahindra rallies in July on cheap valuations

Jul 23, 2013, 06.18 PM IST Tech Mahindra Limited are diving up the stock in July die to cheap valuations. The company became India's no. 5 IT services provider after its merget with Satyam Computer Services. Like this...

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Voda's Analjit Singh to resolve dispute with FM next week

Vodafone's Analjit Singh will meet the finance minister next week to discuss the government's conciliation offer in the Rs 11,000 crore tax dispute. Vodafone wants the truce talks to be under international laws and not under Indian laws.Also Read: Vodafone's...

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Kumar Mangalam Birla resigns from RBI Board

Weeks after his group firm applied for a bank licence from RBI, Kumar Mangalam Birla today said he has resigned from the Board of the central bank to avoid any conflict of interest.    "I have resigned from RBI Board 4-5 days ago....

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Cannot meet 30% sourcing clause: Walmart to Indian govt

The world's largest retailer Walmart has expressed its inability to the government on meeting the sourcing norm in the multi-brand segment that requires 30 percent procurement from small industries, stating it can procure only about 20 percent. CBI finds...

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House panel seeks regulator for FDI in multi-brand retail

Cautioning that the entry of foreign retail giants could create  unemployment, a Parliamentary panel on Tuesday asked  the government to set up a 'retail regulatory authority' to deal with issues concerning foreign multi-brand retail ...

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HDFC Life wins 'Top 100 CISO Awards' 2013

HDFC Life, India's leading long-term private life insurance solutions provider, has received the prestigious 'Top 100 CISO Awards' 2013 for incorporating and implementing innovative information security solutions to assist customers to confidently and...

21.03 | 0 komentar | Read More

UK competition regulator looks Diageo-United Spirits deal

Jul 22, 2013, 06.38 PM IST British competition regulator said that it would investigator whether the deal involving Diageo and United Spirits will have a detrimental impact on the spirits market. Like this story, share...

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Deutsche Bank set to trim balance sheet by 20%: Report

Germany's biggest lender, Deutsche Bank, is expected to announce during its second-quarter results its plans to reach a minimum 3 per cent overall equity to loans ratio in the next two and a half years, a newspaper reported on Sunday, citing people briefed...

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Sebi seeks fresh details on Godrej Properties rights issue

Market regulator Sebi has sought fresh clarification from Godrej Properties , the real estate arm of Godrej Group, regarding the company's proposed Rs 700 crore rights issue.This is the second time in about a month that Sebi has sought clarifications...

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Blue Star Q1 profit rises 11 per cent to Rs 22.77 crore

Air conditioning and commercial refrigeration major Blue Star today reported 11 per cent increase in profit at Rs 22.77 crore for the first quarter ended June 30, 2013.The company had posted a profit of Rs 20.54 crore in the same period of previous fiscal,...

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Walmart violated Indian rules on foreign investment: CBI

Walmart Stores Inc violated Indian rules governing foreign investment, the Central Bureau of Investigation (CBI) said in a letter to a member of Parliament seen by Reuters.Also read: India to sell $3.97 bn in debt quotas to foreign investors The CBI...

21.03 | 0 komentar | Read More

Nissan to turn profitable in India by 2013-end: Ghosn

Renault-Nissan head Carlos Ghosn sees the company turning profitable in India by end 2013. Renault-Nissan will outgrow the rest of the auto industry in 2013 as well as 2014, Ghosn says."We still think that this market will be above 4 million cars by...

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Nissan India ties up with Ennore Port for vehicles' export

Leading automaker Nissan India has entered into a 10-year agreement with Ennore Port Ltd for export of its vehicles.Also Read: Won't resort to huge discounts to boost sales: Bajaj Auto Ennore Port (EPL) CMD M A Bhaskarachar and Kenichiro Yomura, President...

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From tin shed to corporate chic, Viplab chisels an SME

Sonali ChowdhuryMany would kill for a cushy job in a comfortable leather-back swivel chair. Not Saurabh Rohtagi. A qualified company secretary with a secure job, Rohtagi would often swivel in his leather-back chair in his office and dream about the future....

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30-odd years and still innovating; that’s entrepreneurship

Sonali ChowdhuryK J Joseph has lived an interesting life. While growing up, this 70-year-old engineer from Kerala had the world at his feet. His father owned a cinema hall, a movie distribution company and rubber plantations in South India. But Joseph...

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