Mercedes hike plan to cost car Rs58 lakh more

Friday, 15 Mar 2013 | PNS | New Delhi

Luxury car maker Mercedes-Benz India will hike prices of its entire range that will translate into an increase of up to Rs58 lakh on imported vehicles from April 1. The hike in price ranges from 1-4 per cent for locally produced models, and up to 20 per cent for select CBUs...

HC Upholds Star India’s Exclusive Cricket Rights on Mobile Phones

Friday, 15 Mar 2013 | PNS | New Delhi

The Delhi high court has prohibited telecom operators and mobile value added service providers (MVAS) from infringing on Star India’s exclusive cricket rights by providing live updates of matches. The court order on Wednesday reaffirmed its exclusive digital rights to BCCI cricket matches on mobile and barred telecom operators from using...

Working towards self-sufficiency in petroleum by 2030: Moily

Friday, 15 Mar 2013 | PTI | Jaipur

The Government is working towards making the country self-sufficient for its petroleum needs by 2030, Petroleum Minister M Veerappa Moily said on Thursday. “We are working with a programme that by 2020, 50 per cent of import of petroleum should be stopped and 75 per cent imports should be stopped by...

JSW Steel to raise $600 mn from overseas mkts in next qtr

Friday, 15 Mar 2013 | PTI | New Delhi

JSW Steel is planning to raise $ 600 million through overseas borrowings during the April-June quarter to refinance part of its rupee loan. The company has signed firm termsheets (or in principle agreements) for half of the amount so far, JSW Steel's Joint Managing Director and CFO Seshagiri Rao MVS told...

Mayaram-headed panel to define FDI, FII

Friday, 15 Mar 2013 | PTI | New Delhi

Government has constituted a four-member committee headed by Economic Affairs Secretary Arvind Mayaram for giving clear definitions to FDI and FII, with an aim to remove ambiguity over the two types of foreign investments. The DIPP Secretary, an RBI Deputy Governor and a SEBI Wholetime Member are the other members of...

AI offers air tickets matching AC train fares

Thursday, 14 Mar 2013 | PTI | New Delhi/Mumbai

As private airlines intensified low fare war, Air India on Wednesday launched a 60-day advance purchase fare scheme to woo vacation travellers on its domestic network offering prices close to air-conditioned train fares. The advance purchase fare (Apex) tickets are available for sale on various routes operated by Air India from...

Facing political heat in Odisha, Govt cuts down divestment in NALCO

Thursday, 14 Mar 2013 | Animesh Singh | New Delhi

With political temperatures in Odisha rising against the disinvestment of National Aluminium Company (NALCO), and with even certain sections of the Congress party in the state also joining the protests against the move led mainly by the ruling Biju Janata Dal (BJD) as well as the BJP - the Government,...

Airtel Nigeria buys 13.36% more stake in Airtel Network

Thursday, 14 Mar 2013 | PNS | New Delhi

Telecom giant Bharti Airtel's wholly-owned Nigerian subsidiary has acquired 13.36 per cent additional stake in Nigeria's Airtel Networks. "Bharti Airtel Limited has announced that its wholly-owned subsidiary, Bharti Airtel Nigeria BV, has acquired an additional (around) 13.36 equity stake in Airtel Networks Limited, Nigeria from certain existing shareholders," Bharti Airtel said...

Fading rate cut hopes, growth worries drag Sensex 202 pts down

Thursday, 14 Mar 2013 | PNS | Mumbai

The sensex fell for the third straight day on Wednesday by losing 202 points to end at one-week low of 19,362.55 on heavy selling in banks, auto and consumer durable shares due to fading rate cut hopes and fresh growth concerns, amid a weakening global trend. Besides rate-sensitive counters, shares from...

Apollo Global plans to sell 11 % stake in Dish TV

Thursday, 14 Mar 2013 | PTI | New Delhi

US private equity firm Apollo Global Management is planning to sell its 11 per cent stake in direct-to-home (DTH) satellite TV service provider Dish TV, which is currently worth a little more than Rs700 crore. Apollo Global Management LLC has began the process for the sale of its 11 per cent...


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Cutting the cord

26 Mar 2017 | Kushan Mitra

The advent of online streaming services that can stream content directly to your television screen is making the argument for cutting the cable connection more and more convincing, believes Kushan Mitra Is it time to cut the cable? In the past year and a half, online television streaming services Hotstar Premium, Netflix and Amazon Prime Video have launched their services in India. There is also Voot from Viacom18 and Sony LIV...

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Adiyanath asks party workers not to opt contractual work

27 Mar 2017 | PNS | Lucknow

Asking party workers not to opt for contractual work in government sector Chief Minister Adityanath Yogi said that UP’s face will change in next two months as people have reposed faith on us and it is workers’ responsibility to ensure BJP fulfills all poll promises. “I appeal to the party workers and family members of law makers not to seek contract of government department...

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