Corporate

  • Jammu floods to have 'minimal' impact on LIC, says its Chairman Yesterday

    Mumbai: Life Insurance Corporation, which has nearly 13 lakh customers in flood-ravaged Jammu & Kashmir, has said the financial impact of the massive tragedy would be "very minimal" on the company. "Financial impact due to the massive floods in Kashmir this month will be very nominal for us. Even after the...
  • Rs 4,754-cr power transmission scheme for Arunachal, Sikkim 6 days ago

    New Delhi: The government on Monday approved a scheme for strengthening power transmission in Arunachal Pradesh and Sikkim at an estimated cost of Rs 4,754.42 crore. The Cabinet Committee on Economic Affairs approved this scheme, an official statement said. "The intra-state transmission and distribution systems...
  • Karnataka government stirs controversy, reserves 70 pc mid-level jobs for Kannadigas 1 week ago

    Bangalore: The Karnataka government has stirred a controversy by approving a policy which reserved 70 per cent of mid-level jobs for Kannadigas in Bangalore. The corporate world was not thrilled by the decision. Bangalore has employed lakhs of people in various sectors like IT, biotech, manufacturing and textiles. A large per...
  • RBI may issue final norms on small, payments banks in 2-3 months September 14, 2014

    New Delhi: The Reserve Bank is likely to issue final guidelines on small and payments banks within 2-3 months, paving the way for corporates to enter these two segments. The final guidelines on small and payments banks are expected in the next 2-3 months, sources said. Draft guidelines for small and payments...
  • Patna: Protests over death of five people after trucks runs over them August 31, 2014

    Patna: Protests have erupted in the Agam Kuan area of Patna city after five people were run over by a truck as they were sleeping on the side of the road. The police had to resort to a lathicharge to control the crowd. The incident occurred outside a government...
  • Corporates find marked difference in government functioning in 100 days: Assocham August 31, 2014

    New Delhi: In a thumbs up for the Narendra Modiled NDA government ahead of completion of 100 days in office, most corporate leaders are finding a marked difference in style of functioning of the government with a strong focus on accountability and execution with eartoground approach. "Prime Minister Narendra Modi has...
  • Rajasthan: 8yearold girl dies after being beaten up by teacher August 28, 2014

    Dausa: An 8yearold schoolgirl in Dausa, Rajasthan, died after being allegedly beaten up by her teacher. The incident happened on Thursday. The child was referred to a Jaipur hospital but she died on the way. The police is now questioning the teacher and school authorities. The child's postmortem report is awaited. ...
  • From swimming pools in Infosys to a driving range in TCS: 30 photos of the most extravagant corporate IT campuses in India August 26, 2014

    An engineering student's journey towards Infosys or TCS begins from the campus placement interviews. There are popular jokes and memes about most engineers eventually landing up at these two tech companies by default. But it's only when you enter these campuses that an engineering student realises all those sleepless nights...
  • 'Waste Free Jodhpur' project faces criticism as volunteers allege nonpayment of dues August 20, 2014

    Days after its launch by actor Aamir Khan, the city's ambitious "Freedom from Waste" project has landed into a controversy with volunteers roped in by the Jodhpur Municipal Corporation (JMC) alleging exploitation and nonpayment of dues. A joint initiative by administration and JMC, the drive had set 18month target to free...
  • LS Speaker Sumitra Mahajan inaugurates a Rs 80 lakh cruise boat in Indore August 18, 2014

    Lok Sabha Speaker Sumitra Mahajan inaugurated the 'Malwa Queen', a cruise boat, in the Pipliya Pala pond situated in the Atal Bihari Vajpayee Regional Park in Indore on Sunday. Built at a cost of Rs 80 lakh, the boat was launched by the Madhya Pradesh Tourism Development Corporation (MPTDC). On the...
  • UP faces power outages after two electricity generating units trip August 11, 2014

    Uttar Pradesh is facing power outages as two electricity generating units tripped on Sunday, officials said on Monday. The state is facing severe crisis, the gravest in the last few years, as generation from stateowned units has gone down, officials said. There is a wide gap of almost 2,000 MW between the...
  • Government official arrested for taking Rs 15 lakh bribe August 11, 2014

    An Executive Engineer posted at Jaipur Municipal Corporation was on Sunday arrested by sleuths of AntiCorruption Bureau (ACB) for allegedly accepting a bribe of Rs 15 lakh, an official spokesman said. The accused, Purushottam Jeswani, received the bribe of Rs 15 lakh from contractors for issuing work orders in his divisionIInd...
  • Bihar government lifts ban on sale of 5 kg LPG cylinders August 9, 2014

    The Bihar government on Friday lifted the ban on sale of 5 kg LPG cylinder, which it had imposed following evidence of their use in the serial blasts at Bodh Gaya in July last year. A release by Minister for Food and Civil Supplies Shyam Rajak said he accepted the plea...
  • Is it the time to overhaul railway catering? August 5, 2014

    The administration has clamped down on IRCTC after cockroaches were found on on board food items. The IRCTC has been fined Rs 1 lakh and we at CNNIBN asked Is it the time to overhaul railway catering? ...
  • World's top billionaires advocate 3day working week, HR experts say India not ready August 4, 2014

    New Delhi: World's top billionaire business leaders like Carlos Slim and Richard Branson may be advocating for 3day working week to boost employee productivity, but HR experts believe India is not ready for such a model. Mexican billionaire Slim, the second richest in the world, and British businessman Branson are...
  • No plan to privatise Rajasthan roadways: PWD Minister August 2, 2014

    Rajasthan government sought to allay apprehension of Opposition on introduction of private bus operations on national highways, saying State Road Transport Corporation (RSRTC) will not be privatised nor there would be any retrenchment of employees in future. "Existing 21,500 employees should rest assured that their services will be well protected," PWD...
  • IOC to set up two new plants in Uttarakhand August 1, 2014

    To streamline supply of LPG in Uttarakhand, the Indian Oil Corporation will set up two new plants in the state besides doubling the capacity of its plants in Haridwar and Haldwani. The Corporation will double the current capacity of its Haldwani and Haridwar plants from 5,000 tonnes to 10000 tonnes and...
  • Parliament struck by monkey, dog menace, Centre assures action July 31, 2014

    New Delhi: Parliament seems to be struck by monkey and dog menace. In a written reply to Rajya Sabha on Wednesday, Urban Development Minister Venkaiah Naidu assured the House that various efforts are being made to tackle monkey and dog menace inside and around Parliament House. Replying to Rajya Sabha MP...
  • Those doing good work should be honoured: Akhilesh Yadav July 31, 2014

    Uttar Pradesh Chief Minister Akhilesh Yadav said people doing good work should be honoured and given an identity. "Those doing good work amongst us needed to be given an identity and honored," the Chief Minister said while releasing a book written by the MD of UP Power Corporation, AP Misra, at...
  • UCIL chairman gets IIT Kharagpur distinguished alumnus award July 29, 2014

    Chairman and Managing Director of public sector unit Uranium Corporation of India Limited (UCIL), Diwakar Acharya, was conferred IIT Kharagpur 'Distinguished Alumni Award' by Bharat Ratna awardee and world famous scientist Dr CNR Rao during the institute's Golden Jubilee Celebrations and 60th convocation. He was awarded this distinction for his outstanding...
  • 'Government believes in empowering business and protecting investors' July 22, 2014

    The Government believed in promoting ethical practices without burdening business with intense regulatory restrictions as "empowering business and protecting investors" was its motto, said NK Bhola, Regional Director (NR and NER), Ministry of Corporate Affairs. Addressing a seminar on "Business Ethics", organized by Confederation of Indian Industry (CII), Jamshedpur, on Tuesday,...
  • AP: Hostel sealed, students shifted after caning of visually impaired children July 22, 2014

    Hyderabad: A day after a video surfaced showing three visually impaired students being beaten by their teacher and another unknown person in Kakinada in Andhra Pradesh, a twomember team of the Child Rights Commission visited hostel near Hyderabad. The hostel has now been sealed and the students will be moved...
  • Corporal punishment: Will deal with the guilty teacher firmly, says CM July 21, 2014

    The teacher who was caught on camera beating visually challenged children mercilessly in a school in Andhra Pradesh would be dealt with firmly, said Chief Minister Chandrashekhar Naidu. ...
  • AP: Teacher, one other arrested for caning visually challenged children July 22, 2014

    Hyderabad: The teacher of a school for blind, another person, who were seen in a video mercilessly caning visually impaired children have been arrested by the police on Monday. The incident, which took place two days back, came to light on Monday after local TV channels showed a video footage of...
  • AP: Video shows visually impaired children being caned by teacher July 21, 2014

    Hyderabad: In a shocking incident from the town of Kakinada in Andhra Pradesh, a video has surfaced showing some visuallyimpaired children being beaten by their school principal and another unknown person. The children can be seen and heard screaming, begging to be spared in the video. While the children plead, the...
  • Setback for Congress in Thane as seven corporators join Shiv Sena July 19, 2014

    Thane: Congress on Saturday received a jolt as seven of its corporators in the Thane Municipal Corporation, including its group leader, joined the ruling Shiv Sena. With this, Congress's strength in the 130member house has dwindled to 11. Ravindra Phatak, who was once with Shiv Sena and known to be...
  • Poor rainfall, technical glitches worsen UP's power crisis July 16, 2014

    Uttar Pradesh continued to face power outages on Wednesday due to technical glitches in some of the state's power plants, an official said. Major cities like Varanasi, Prime Minister Narendra Modi's parliamentary constituency, Ghaziabad and Noida, besides others, had power cuts for a long time. Uttar Pradesh Power Corporation Limited (UPPCL) officials...
  • Price of diesel sold to bulk consumers cut by Rs 1.09 per litre July 15, 2014

    New Delhi: Price of diesel sold to bulk consumers like Railways and State Transport Corporations on Tuesday was cut by Rs 1.09 per litre in line with falling international rates. However, diesel sold to retail consumers like cars and trucks have not been revised. Official sources said price of bulk diesel sold...
  • Sebi orders demat, bank account freeze in Mega Corporation case July 15, 2014

    Mumbai: Market watchdog Sebi has ordered attachment of bank and demat accounts of five individuals to recover dues worth over Rs 1.66 crore in Mega Corporation case. The Securities and Exchange Board of India (Sebi) has to recover Rs 40.95 lakh from Vivekanand Patankar, Rs 40.71 lakh from Deepak Narvekar, Rs...
  • Assembly Speaker faces allegations of building temple on government land July 12, 2014

    Chhattisgarh Assembly Speaker Gauri Shankar Agarwal is again in news, this time for encroachment on a government land. This time the encroachment was done by Guari Shankar Agarwals family trust Chhaganlal Govindram Agarwal Trust. Chhagan Lal Govindram Agarwal is father of the speaker Gaurishankar Agarwal. In year 2012 the...