Vizag HPCL refinery fire: Death toll climbs to 19

The death toll in the massive fire at Hindustan Petroleum refinery-cum-petrochemical complex here, today rose to 19 with one more private worker succumbing to burns at a hospital here.   According to HPCL sources, the worker identified...

21.03 | 0 komentar | Read More

US launches investigation against Indian trade practices

A US Federal agency has launched an investigation into Indian trade policies which allegedly discriminate against the American trade and investment.The investigation, "Trade, Investment and Industrial Policies in India: Effects on the US Economy", was...

21.03 | 0 komentar | Read More

India to participate in China-Eurasia Expo

India is set to make a big splash for the first time at the China-Eurasia Expo being held in Xinjiang province from next week, showcasing its business strengths in areas such as IT, Banking and heavy machinery.A 35-member delegation led by Indian Ambassador...

21.03 | 0 komentar | Read More

Hero resolves issues with striking workers at Haridwar

Aug 31, 2013, 07.29 PM IST Labour trouble erupted at the company's Haridwar unit when a worker was sacked on disciplinary grounds. The workers there were demanding the creation of a new Union Body. Like this story, share...

21.03 | 0 komentar | Read More

Net4 India MD held for not depositing service tax

The Service Tax department has arrested Net4 India Ltd Managing Director Jasjit Singh Sawhney for non-payment of the levy to the tune of Rs 9 crore. Sawhney was arrested by Service Tax department officers on August 30 for the company's pending liability...

21.03 | 0 komentar | Read More

May hike rates in Oct; margins will be hit on Re fall: VIP

The rupee depreciation has affected companies like VIP Industries  adversely, considering it imports a lot of raw material from China and a couple of other countries, says company chairman Dilip Piramal. However, Piramal refuses to take any knee-jerk measure...

21.03 | 0 komentar | Read More

Barclays downgrades state-run financial shares

Barclays downgrades select state-owned banks and finance companies, citing a slowing economy and unpredictable monetary policy responses.The brokerage expects asset quality to remain problematic as the stress in economy is seen extending beyond the SME...

21.03 | 0 komentar | Read More

Land Acquisition Bill will lead to land shortage: DLF

The Land Acquisition Bill passed by Parliament on Thursday will lead to a shortage of land, thereby impeding the process of urbanisation, says Rajeev Talwar, group executive director, DLF . "We need to think about this in a very clear manner as...

21.03 | 0 komentar | Read More

Buyback price of Rs 261 best offer in current set-up: JSPL

Ravi Uppal, MD & CEO, Jindal Steel and Power (JSPL), says since the aggregate buyback amount would not exceed Rs 1000 crore they would be able to fund it through cash in their balance sheet.The board of directors of the company approved the buy back...

21.03 | 0 komentar | Read More

Mining can contribute up to Rs 11.25 lakh cr to GDP by 2025

Mining sector has the potential to contribute up to Rs 11.25 lakh crore to the GDP and create up to 1.5 crore jobs by 2025, Mines Minister Dinsha Patel said in the Parliament today.    "The government has prepared a strategic plan...

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Rupee fall pinches home-owners; HDFC, ICICI Bk hike rates

The rupee free fall has forced HDFC and ICICI Bank , that together enjoy more than 40 percent of the home loan market, to hike their interest rates by 25 basis points. For HDFC 's customers home loan upto Rs 30 lakh will increase to 10.4 percent while...

21.03 | 0 komentar | Read More

Empty realty spaces profitable no more! DTC plugs loopholes

The government is now going to go after speculators and all those investors that like to buy properties to only hold on till a significant price appreciation takes place. All these investors may now feel the need to exit all of those properties before...

21.03 | 0 komentar | Read More

Lodha Developers' realty with green touch pays off

In late 2012, Mumbai-based Lodha Developers shocked the street by buying a 17.5 acre land parcel in Worli from DLF for a jaw dropping Rs 2,700 crore. And in January this year, the company decided to monetize that land parcel by launching towers code...

21.03 | 0 komentar | Read More

Tata Motors’s 3-day block closure begins in Jamshedpur unit

Aug 29, 2013, 06.29 PM IST A three-day block closure in Tata Motors Jamshedpur plant here has begun from today. The closure, which will be observed from August 29-31, was aimed to prevent unnecessary build up of inventory in the company...

21.03 | 0 komentar | Read More

Lower price, outdated technology hit SAIL's profit: Verma

Sharp decline in steel prices, high operation cost and old and outdated technology are the primary reasons for lower profit of SAIL , Steel Minister Beni Prasad Verma said today.Profit after tax of Steel Authority of India (SAIL) came down to Rs 2,170...

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NSEL board Chairman Shankarlal Guru quits

Aug 26, 2013, 04.02 PM IST Citing reasons of 'bad people' entering the crisis ridden National Spot Exchange (NSEL), Shankarlal Guru, its non-executive chairman resigned from his post on Monday. Like this story, share it...

21.04 | 0 komentar | Read More

Seek one-time hike in diesel price: IOC

With rupee depreciating 12 percent against the US dollar and making imports costlier, state-owned oil firms have demanded a one-time steep increase in diesel rates to make up for the widening losses.PK Goyal,  IOC Director - Finance, spoke to CNBC-TV18...

21.04 | 0 komentar | Read More

FMC to be transferred from consumer affairs to FinMin soon

The Forward Markets Commission (FMC) which is the regulatory authority of the commodity exchanges in India is likely to come under the Finance Ministry very soon. CNBC-TV18 learns that this transfer is in the final stages.The department of consumer affairs...

21.04 | 0 komentar | Read More

Shell tax case: Bombay HC seeks reply from I-T in 4 weeks

The Bombay High Court on Monday heard the high profile tax battle involving Shell. The hearing saw Harish Salve launch the offensive questioning the income tax department seeking tax on capital receipts. He argued that there had been no revenue...

21.04 | 0 komentar | Read More

New Companies Bill to make doing business easier: Govt

The new Companies Bill has certain provisions like faster registration through fully electronic MCA-21 and allowing firms to hold meetings through e-governance mode, that would "facilitate ease of doing business in India", the Parliament was informed...

21.04 | 0 komentar | Read More

NSEL investors raise concerns with Finance Ministry

Investors stuck with the crisis-hit NSEL today met Economic Affairs Secretary Arvind Mayaram and sought that investigative agencies should take stringent action against those members who are not making payments."NSEL investors today met me and shared...

21.03 | 0 komentar | Read More

DoT seeks Trai's views on spectrum trading

The Department of Telecom (DoT) has sought Telecom Regulatory Authority of India's (Trai) recommendations on spectrum trading, as had been reported by CNBC-TV18 in July. This will enable telecom companies to sell spectrum like any other asset for a price....

21.03 | 0 komentar | Read More

RBI ups FII investment limit in Mahindra Lifespace to 49%

Aug 24, 2013, 04.12 PM IST Reserve Bank of India has increased foreign investment limit in Mahindra Lifespace Developers (erstwhile Mahindra Gesco Developers) to 49 percent from 30 percent. Like this story, share it with...

21.03 | 0 komentar | Read More

Infosys loses another senior executive in Sudhir Chaturvedi

Infosys vice president and financial services head for the Americas, Sudhir Chaturvedi, has put in his papers, marking another high-profile exit at the country's second-largest software services firm."Sudhir Chaturvedi has resigned from the company,"...

21.03 | 0 komentar | Read More

Govt asks TRAI to reconsider cap on ads on channels

Information and Broadcasting Minister Manish Tewari today asked TRAI reconsider the issue of imposing the 12- minute advertisement cap on news channels suggesting the implementation could be made synchronous withthe government's digitisation drive."For...

21.03 | 0 komentar | Read More

NSEL investors raise concerns with Finance Ministry

Investors stuck with the crisis-hit NSEL today met Economic Affairs Secretary Arvind Mayaram and sought that investigative agencies should take stringent action against those members who are not making payments."NSEL investors today met me and shared...

21.04 | 0 komentar | Read More

DoT seeks Trai's views on spectrum trading

The Department of Telecom (DoT) has sought Telecom Regulatory Authority of India's (Trai) recommendations on spectrum trading, as had been reported by CNBC-TV18 in July. This will enable telecom companies to sell spectrum like any other asset for a price....

21.04 | 0 komentar | Read More

RBI ups FII investment limit in Mahindra Lifespace to 49%

Aug 24, 2013, 04.12 PM IST Reserve Bank of India has increased foreign investment limit in Mahindra Lifespace Developers (erstwhile Mahindra Gesco Developers) to 49 percent from 30 percent. Like this story, share it with...

21.04 | 0 komentar | Read More

Infosys loses another senior executive in Sudhir Chaturvedi

Infosys vice president and financial services head for the Americas, Sudhir Chaturvedi, has put in his papers, marking another high-profile exit at the country's second-largest software services firm."Sudhir Chaturvedi has resigned from the company,"...

21.04 | 0 komentar | Read More

Govt asks TRAI to reconsider cap on ads on channels

Information and Broadcasting Minister Manish Tewari today asked TRAI reconsider the issue of imposing the 12- minute advertisement cap on news channels suggesting the implementation could be made synchronous withthe government's digitisation drive."For...

21.04 | 0 komentar | Read More

Zydus Cadila gets USFDFA nod to market anti-ulcer capsules

Cadila Healthcare today said Zydus Cadila has received final approval from the US health regulator to market Lansoprazole capsules used for treating ulcers and other conditions involving excessive stomach acid."Zydus Cadila has received the final approval...

21.04 | 0 komentar | Read More

Rs 2,000cr insurance to refiners for using Iranian oil soon

After petroleum ministry agreed to provide funds, the finance ministry has initiated the process of setting up of a Rs 2,000-crore fund to provide insurance cover to domestic refineries that process crude oil imported from Iran.Also read: IOC to invest...

21.04 | 0 komentar | Read More

SAIL, union meet on Sat; non-execs may get 15% hike

Aug 21, 2013, 06.20 PM IST The issue of wage revision at SAIL, pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non-executives with at least 15 percent hike in basic and dearness allowances. ...

21.04 | 0 komentar | Read More

ICICI Bank raises fixed deposits rates by up to 0.75%

ICICI Bank has raised fixed deposit rates by up to 0.75 percent across select maturities due to a series of steps taken by RBI, leading to tightening of liquidity condition.The private sector bank has raised interest rate on term deposits with 46-60...

21.04 | 0 komentar | Read More

Anil Ambani to face court as 2G witness

The Supreme Court on Wednesday declined to pass order on a plea for stay of a trial court's direction summoning Anil Ambani and other witnesses in the 2G case.The Supreme Court has also reserved order on a plea seeking recall of its order barring High...

21.04 | 0 komentar | Read More

AIG expands DO Side A capacity to $100m

American International Group, Inc. (AIG) today announced that it is now offering globally up to $100 million in limits for Side A Directors and Officers (D&O) liability insurance. This new capacity from AIG, combined with the insurer's financial...

21.04 | 0 komentar | Read More

Evening bulletin: Quick guide to top headlines on Wednesday

Here are the top headlines of the day:Sensex down 61 pts; banks up as rupee, bond yields recover The market fell for the third consecutive session, but closed off day's low Tuesday on short covering in most beaten down stocks banks and FMCG. The sharp...

21.04 | 0 komentar | Read More

Nissan unveils SUV Terrano, to be priced sub-Rs10 lakh

Moneycontrol BureauJapanese car maker Nissan has unveiled the Terrano in India,  joining the likes of Ford, Mahindra & Mahindra and Nissan's global partner Renault, who have entered the fast growing compact SUV segment in the country over the...

21.04 | 0 komentar | Read More

REC seeks Sebi nod to raise Rs 5K cr via tax-free bonds

State-run Rural Electrification Corp ( REC ) has sought market regulator Sebi's approval to raise upto Rs 5,000 crore through tax-free bonds."Public issue by REC of tax free redeemable Non Convertible Bonds of face value of Rs 1,000 each...for an amount...

21.04 | 0 komentar | Read More

MRPL resumes oil imports from Iran

After a four-month hiatus, Mangalore Refinery and Petrochemicals Ltd ( MRPL ) has resumed crude oil imports from Iran this month. MRPL, which imported 3.9 million tonnes of crude oil from Iran in 2012-13, had not imported any oil from the Persian Gulf...

21.04 | 0 komentar | Read More

Mitsui, Carlyle place bids for Quality Healthcare: Sources

Japan's Mitsui & Co and US private equity firm Carlyle Group have submitted preliminary bids for Quality Healthcare Medical Services, which is being sold by India's Fortis Healthcare and is valued at around USD 300 million, people familiar with the...

21.03 | 0 komentar | Read More

Pvt power cos oppose mandatory domestic equipment sourcing

Private power producers have termed as "retrograde and antti-competition", the proposal for a mandatory domestic equipment sourcing clause, saying this will lead to overall cost escalation and may favour only a few players.Also Read: Reliance Power may...

21.03 | 0 komentar | Read More