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Motherson Sumi to buy Finnish PKC Group for Rs 4,146 crore

Saturday, 21 Jan 2017 | PNS | New Delhi

Country’s biggest auto components manufacturer Motherson Sumi System Ltd has offered to acquire Finnish truck wire harness maker PKC Group for 571 million euros (Rs 4,146 crore) to expand global presence. Motherson has offered 23.55 euros per PKC share, representing 51 per cent premium to the closing price on Thursday, in...

Working to cut transaction cost on online payments: RBI tells PAC

Saturday, 21 Jan 2017 | PNS | new delhi

In a move to ease the cost of transaction through online payment post demonetisation, Reserve Bank of India (RBI) on Friday said that the central bank is working on a mechanism to resolve the issue. The apex bank also assured the Parliamentary panel that the cash crisis following the recent...

Sebi mulls further tightening regulations for Participatory Notes

Saturday, 21 Jan 2017 | PTI | Mumbai

Markets regulator Sebi plans to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used for illicit fund flows. Participatory Notes (P-Notes) are instruments issued by registered foreign portfolio investors (FPIs) to overseas entities who want to participate in the Indian market without being directly...

Notes ban: I-T Dept gets over Rs 300 cr declarations under PMGKY

Saturday, 21 Jan 2017 | PTI | new delhi

The Income Tax department has received confirmations for over Rs 300 crore declarations from across the country till now as part of the ongoing black money window called the Pradhan Mantri Garib Kalyan Yojna (PMGKY), brought out by the government post demonetisation. Officials said I-T department offices across the country...

Govt bars co-op banks from accepting deposits under PMGKY

Saturday, 21 Jan 2017 | PTI | new delhi

The Government has prohibitted cooperative banks from accepting deposits under the new tax amnesty scheme PMGKY after Income Tax department uncovered anomalies post demonetisation. “Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company, other than Co-operative Banks, to which the Banking Regulation...

WTO, Mins call for inclusive trade, better domestic policies

Saturday, 21 Jan 2017 | PTI | Davos

Amid a debate on the future of globalisation, WTO and trade ministers from various countries, including India, today called for greater engagement at global level and push for inclusive growth with better domestic policies without resorting to trade barriers. Underlining that trade barriers would actually destroy jobs rather than creating them,...

India a bright star in ‘sober’ global outlook: Uday Kotak

Saturday, 21 Jan 2017 | PTI | Davos

As uncertainty grips the global economic outlook, ace banker Uday Kotak on Friday said India has an opportunity to be a “bright star” in such a “sober” scenario and the medium term prospects for the country’s economy looks good as long as it can focus on right things. Amid an intense...

UIDAI for incentives to merchants using Aadhaar payment

Saturday, 21 Jan 2017 | PTI | new delhi

In a bid to promote Aadhaar-based payment system, especially in rural pockets, UIDAI has favoured “incentives” for shopkeepers using the biometric mode for digital transactions, in line with commission given by banks to Business Correspondents. “If a merchant is using Aadhaar-enabled payment systems then he should be put at par...

Need to further speed up decision making to beat China, says Gadkari

Saturday, 21 Jan 2017 | PTI | Davos

With China seeking to position itself as the new leader of global economy in place of the US, Union Minister Nitin Gadkari on Friday said India also needs to grab this opportunity as the world is looking at it with high hopes and it would need to further fast-track the...

Mines Secretary sees huge gains from 250 mineral blocks’ auction

Saturday, 21 Jan 2017 | PTI | new delhi

States will next fiscal auction up to 250 mineral blocks, mining leases of which have lapsed due to regulatory hurdles, and would generate lakhs of crores of rupees in revenue, a top official said on Friday. The deposits in these mines include iron-ore, bauxite, manganese, limestone as well as dolomite...

Sunday Edition

Om Puri: Realer than reel

15 Jan 2017 | Rajesh Singh

The acting he learnt was science; the acting he did was art. No school, no teacher could have made him emote the way he did on screen...

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STATE EDITIONS

Left draw mega campaign strategy for UP poll

21 Jan 2017 | PNS | Lucknow

The Left Front has drawn up a mega campaign strategy for UP Assembly elections and roped in around 70 national leasders from Left parties’ to be star campaigners. The list includes: Sitaram Yechury, Tripura CM Manik Sarkar, Brinda Karat, Mohammad Salim, Sudhakar Reddy, D Raja, Deepankar Bhattarchajee and several others...

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SOUNDBITE

I want to personally thank Obama (and Michelle) for changing my life. His courage and compassion created equality for everyone.

TV host | Ellen DeGeneres

My father has care and concern for others. You can’t control the world; you can only control your reaction.

Actor | Hrithik Roshan

Virat (Kohli) has showed a lot of trust in me and it was very important for me that people in the dressing room trust me.

Indian cricketer | Yuvraj Singh
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