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Business News

India Infrastructure Fund takes 23.5% stake in ONGC Tripura Oil and Natural Gas Corp (ONGC) will continue to hold 50 percent stake in OTPC while ILFS Energy Development Co Ltd (IEDCL) will have 26 percent and Government of Tripura 0.5 percent stake.
Wed, 01 Apr 2015 21:51:26 +0530
JSW Energy two promoters buy Rs 89cr shares from JSW Steel Little over 75 lakh shares were acquired by Amba River Coke Ltd (ARCL) and JSW Steel Coated Products Ltd (JSWCPL) -- both entities are wholly-owned subsidiaries of JSW Steel.
Wed, 01 Apr 2015 21:27:33 +0530
NDMC declares over Rs 80cr surplus revenue for FY 2014-'15 Four major components -- property tax, licence fee, electricity and water charges -- along with the interest on investments, contributed about 92 per cent of the total revenue receipts of the civic body.
Wed, 01 Apr 2015 21:25:10 +0530
Piramal to sell clinical research division to Indoco Piramal Enterprises Ltd has signed a definitive agreement to sell its clinical research division known as 'Piramal Clinical Research' to Indoco Remedies Ltd on a going concern basis for cash, the company said in a filing to BSE.
Wed, 01 Apr 2015 21:22:31 +0530
Dena Bank lowers interest rate on FCNR (B) For FCNR (B) deposits of 1 year to less than 2 years, in US Dollar terms, the revised interest rates are 2.48 per cent as compared to 2.51 per cent earlier, the bank said in a statement on Wednesday.
Wed, 01 Apr 2015 21:21:44 +0530
Payworld to invest Rs 100 crore to expand retail footprint Smart Payment Solutions, a 100 percent subsidiary of Payworld, has applied for a payment bank licence to further strengthen its presence in digital payment space and domestic money remittance segment.
Wed, 01 Apr 2015 20:48:32 +0530
Mahindra tractor sales decline 31% in March The company had sold 17,673 units in same period of last year. Domestic tractor sales stood at 10,392 units, down 37 percent, from 16,571 units sold in March 2014.
Wed, 01 Apr 2015 20:35:33 +0530
Volkswagen India sales up 22% in March The Volkswagen Polo made a significant contribution to the increase in sales in March this year, Volkswagen India said in a statement.
Wed, 01 Apr 2015 20:31:55 +0530
Essar Group used Loop Telecom to acquire 2G licences: CBI Advancing the final arguments in a case arising out of its probe into the 2G scam, the agency said the evidence brought on record showed that Loop Telecom was "controlled" by the Essar Group of companies.
Wed, 01 Apr 2015 19:47:30 +0530
Ease of doing biz: ICAI seek more changes to companies law The Institute of Chartered Accountants of India (ICAI) has suggested changes in various aspects of the Companies Act, 2013, whose most provisions came into force from April last.
Wed, 01 Apr 2015 19:42:23 +0530
SJVNL targets 8,520 MUs of power generation in FY'15-16 The company has signed a Memorandum of Understanding (MoU) with the Ministry of Power regarding the targets for the fiscal 2015-16.
Wed, 01 Apr 2015 19:34:40 +0530
HCL Infosystems appoints S G Murali as Group CFO Murali will be responsible for developing, monitoring and evaluating overall corporate strategy of HCL Infosystems' diverse business units with emphasis on bottom line performance and enhancing shareholder value, it said in a statement.
Wed, 01 Apr 2015 19:28:43 +0530
Mesco Steel acquires Maithan Ispat in Rs 1,160 crore deal The deal will help bail out Maithan Ispat, which is under debt burden of Rs 795 crore, and enable Mesco to utilise large iron ore mines of the Odisha-based company. "It is a win-win scenario for Mesco.
Wed, 01 Apr 2015 19:27:44 +0530
NTPC eyes 2,145 MW capacity addition in new fiscal The company has signed a Memorandum of Understanding (MoU) in this regard with the central government. As per the MoU, NTPC shall generate 246 billion units (BU) during the financial year (2015-16).
Wed, 01 Apr 2015 19:24:06 +0530
Suresh Krishnan On Tuesday, fair trade watchdog Competition Commission of India (CCI) had approved Zuari's open offer to acquire up to 36.56 percent stake in Mangalore Chemicals and Fertilizers Ltd (MCFL) for Rs 398.2 crore.
Wed, 01 Apr 2015 19:19:08 +0530
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Politics

The merger of six Janata Parivar parties would send a clear signal to the country for the ouster of BJP, RJD chief Lalu Prasad on Wednesday said and vowed to launch a Mahabharata-like war over Land bill.
Robert Vadra on Wednesday lashed out at Union Minister Giriraj Singh after he made racist remarks about his mother-in-law and Congress president Sonia Gandhi's "white skin".
Taking potshots at BJP and RSS, Lalu said they "harbour the mentality which is portrayed by people like Singh".
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India

The apex court has put on hold all proceedings in the Special CBI court which had directed Singh, five others to make a personal appearance before it on April 8.
Until and unless water bodies in Kashmir are restored to their original glory and water carrying capacity of Jhelum increased, flood threat will always loom over the valley.
Many villagers shun Nirodh because it's badly packaged and doesn't match the quality of rivals.
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Tech

Samsung is betting big on Asia's third-largest economy, at a time when overall sales have struggled against rivals like Apple.
Music services typically have deals with all major recording companies, so they differ mainly in features rather than song selection.
Chromeselfie, Samsung Blade Edge, and shift in the equator. Here's our list of some of the coolest pranks carried out across the Web.
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