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Business News

Indian Bank to revise interest rates on FCNR (B) deposits "For FCNR (B) deposits, in USD, the revised interest rate has been revised to 2.34 percent (from 2.36) for deposits of one year and above but less than two years", the Chennai-based bank said in a statement
Sat, 30 Aug 2014 16:35:24 +0530
CCI clears Wipro GE Healthcare-GE India Technology deal The Commission observed that while Wipro GE is engaged in manufacturing and distributing various medical equipment and solutions including life sciences equipment and devices, GE India Technology is into multi-disciplinary research and development in various technologies such as bio-technology.
Sat, 30 Aug 2014 13:36:37 +0530
NTPC aims at 8,000-9,000 MW capacity takeover NTPC is looking at power plants which have achieved financial closure or coal linkage, but were facing financial issues to start generation and cost less than greenfield power plants.
Sat, 30 Aug 2014 13:20:23 +0530
UP sugar mills to boycott meeting for fixing cane area UP Sugar Mills Association (UPSMA) has decided not to participate in the meeting as it has given notice to the state government that they will not start crushing operations next season till the cane prices are not linked to sugar price
Sat, 30 Aug 2014 12:27:53 +0530
PM's visit to US may boost NTPC's geo-thermal project Geo-thermal technology involves utilisation of heat from rocks and fluids in the earth's crust to generate electricity.
Sat, 30 Aug 2014 12:21:33 +0530
Arup Roy Choudhury NTPC chairman Arup Roychoudhury said that it was planning to add one more unit of 660 mw capacity to the existing project given the enthusiam seen from farmers to sell their land.
Sat, 30 Aug 2014 10:58:32 +0530
4 auto manufacturers to invest Rs 11,510 cr in Maharashtra MOUs point to a commitment of Rs 1,510 crores from Volkswagen, Rs 4,000 crores from Tata Motors, Rs 4,000 crores from MM, and Rs 2,000 crores from Bajaj Auto
Thu, 28 Aug 2014 20:41:33 +0530
Anshu Sharma Whatever be the verdict of the Supreme Court on September 1, auction of coal blocks, an increase in coal imports will only lead to a spike in electricity tariff. The government will have a tough time striking a balance to achieve rational electricity tariff and deliver on its promise of 24x7 power supply.
Thu, 28 Aug 2014 19:25:11 +0530
UK Sinha There should be a sea-change from the earlier occasions when offenders would tend to "ignore orders from Sebi" and the legal cases would drag on for years without recovery of any money, said U K Sinha.
Thu, 28 Aug 2014 18:08:37 +0530
Ceat to use fund raising to finance ongoing projects Ceat has plans to invest around Rs 300 crore in the Bangladesh project, while some portion of the raised capital would also be put in the Halol plant, which is currently undergoing expansion.
Thu, 28 Aug 2014 17:40:22 +0530
Jindal Stainless' net worth falls 92% The company has been incurring losses since 2012, which at the end of fiscal ending March 31, 2014, had eroded peak net worth of previous four years of Rs 2,252.89 crore by 92 percent.
Thu, 28 Aug 2014 17:38:59 +0530
RB Kabra The company is looking to breakeven at operational level in its glass division," HSIL president RB Kabra told CNBC-TV18.
Thu, 28 Aug 2014 16:56:32 +0530
Colonel LV Raju In an interview with CNBC-TV18, LV Raju, MD, Kernex Microsystems shares his outlook on how these reforms will impact sectors and eventually the economy.
Thu, 28 Aug 2014 16:54:47 +0530
IGL eyes more city gas firms for growth via acquisitions IGL, which had in June picked up 50 per cent stake in Kanpur-based Central UP Gas Ltd (CUGL) for about Rs 70 crore, is "looking at inorganic growth opportunities to improve cash flow", a company official said.
Thu, 28 Aug 2014 15:58:40 +0530
Will need 25 models to sell 3 mn cars per year: Maruti The company will launch within a few months an SUV to compete with Renault's Duster, which will be followed by a compact SUV in 2016 to take on segment leader Ford EcoSport, as part of a strategy to be present in newer segments of the passenger vehicle market.
Thu, 28 Aug 2014 14:36:18 +0530
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Politics

The government has allocated over Rs 14,000 crore for the construction of rural roads and bridges in this fiscal.
"Prime Minister Narendra Modi has earned a ranking of eight out of 10 in an India Inc survey," Assocham said quoting its survey.
The VHP used the term 'love jihad' as a conspiracy hatched to get young Muslim men to ensnare Hindu women by feigning love in order to increase the Muslim population.
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India

The woman even went to the extent of threatening him that if her demands are not fulfilled, she will go to another man.
Goa had no full time Governor following Wanchoo's resignation from the post after his role was questioned in VVIP chopper deal.
PM Modi was briefed on how the ancient tradition of Japan's cultural capital has been preserved while building it into a modern city.
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Tech

The Sony Xperia Z3 is likely to come with a 2.5GHz quad-core Snapdragon 801 processor, 3GB of RAM, and a 5.2-inch Triluminous display.
Samsung will launch the first smartphone based on its Tizen platform in the July-September quarter this year.
The Xolo Play 8X-1100 runs Android 4.4 KitKat and has a 13 megapixel rear camera.
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