No debt overloading of India ops for Cooper acquisition, says Apollo Tyres

Saturday, 15 Jun 2013 | PTI | New Delhi

With its stock taking a severe hit after it announced plans for the Rs 14,500-crore buyout of US-based Cooper Tire & Rubber Co, Apollo Tyres today sought to assure investors that the deal will not load its Indian operations with excessive debt. The company’s shares had plunged to 52-week low of...

Mumbai I-T satisfied with Q1 adv tax payments, BFSI lead

Saturday, 15 Jun 2013 | PTI | Mumbai

Banking, financial services and insurance sector led by insurance giant LIC has reported a healthy rise in advance tax outgoes for the first quarter of 2013-14, I-T department sources said on Friday. Life Insurance Corporation of India’s advance tax outgo went up to Rs 679 crore from the year ago’s ...

CoalMin upgrades note on dry fuel pricing, includes power plants with higher capacity

Saturday, 15 Jun 2013 | Animesh Singh | New Delhi

With the Finance Minister P Chidambaram having promised to resolve the coal pricing and supply issue as part of the Government's efforts to put the economic growth on the path of acceleration, the Coal Ministry has made a significant change in its note on pricing for the dry fuel by...

Will This Country Fall Apart?

Saturday, 15 Jun 2013 | Pravesh Jain

The condition that this country is in today would ravage the heart of any sensitive and patriotic person. Corruption is rife here…. Everywhere! More than that our abject acceptance of all this is condemnable. Our everyday social, culture and political life bears it out amply. True, some of us are...

SK Roy new LIC chief

Saturday, 15 Jun 2013 | PNS | New Delhi

The Government is understood to have appointed S K Roy as the Chairman of Life Insurance Corporation of India (LIC). Roy, who is presently a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31. Roy would be at the helm...

FIPB defers decision on Jet-Etihad deal; Telenor gets go-ahead

Saturday, 15 Jun 2013 | PNS | New Delhi

The Foreign Investment Promotion Board (FIPB) on Friday deferred a decision on Rs 2,000-crore Jet-Etihad deal, the largest foreign investment in the Indian aviation sector, and sought clarity on control and ownership. The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, however, cleared the FDI proposal of Norway's Telenor to hike...

DoT panel for completely opening up tele sector

Saturday, 15 Jun 2013 | PTI | New Delhi

A DoT panel has suggested completely opening up the telecom sector to foreign direct investment, a move which is expected to bring in fresh funds into the industry that is facing a financial crisis. The FDI cap is currently fixed at 74 per cent. "This (hiking it to 100 per cent)...

Fitch upgardes outlook on SBI, 9 other lenders, to stable

Saturday, 15 Jun 2013 | PNS | New Delhi

Rating agency Fitch on Friday upgraded outlook of 10 financial institutionals, including SBI, ICICI Bank and EXIM Bank of India to 'stable' from 'negative' earlier following revision in the country's outlook. "Fitch Ratings has revised 10 India-based financial institutions' outlook to Stable from Negative, while affirming their respective ratings, including their...

Indian cos' overseas investment falls to $1.83 billion in May

Saturday, 15 Jun 2013 | PNS | Mumbai

Overseas direct investment by Indian companies fell to $ 1.83 billion in May, down 76 per cent from a month ago, data from the Reserve Bank showed on Friday. The RBI had released the outward foreign direct investment by the Indian companies during the month of April which stood at $...

Chidambaram pledges more reforms , says 'do not panic'

Friday, 14 Jun 2013 | PNS | New Delhi

Despite rupee hitting an all time low and the economy undergoing a dull phase, the Government on Thursday chose to tow the “All is Well” line as Finance Minister P Chidambaram belted out a slew of forward looking measures to sooth investor sentiments and spur economic reforms, though their impact...


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12-hr search finds body of woman killed by husband

18 Jun 2017 | Staff Reporter | New Delhi

A police team, along with sniffer dogs, scanned the whole area of Bonta Park in Civil Lines on Saturday morning to get some clue about a woman murdered by her husband on Friday. After 12 hours search operation, police were able to find the body identified as Komal...

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One more farmer commits suicide

24 Jun 2017 | Staff Reporter | Bhopal

A farmer committed suicide in Chhatarpur district, allegedly due to over burdened with debt. While the family of Raghuvir Yadav, (27) alleged that he took the extreme step due to his mounting debt, the police said a family dispute led him to end his life...

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