Reliance Industries’ turnover exceeds Rs1 lakh crore

Tuesday, 15 Oct 2013 | PNS | New Delhi

Reliance Industries Ltd (RIL) registered a meagre 1.5 per cent increase in its net profit for the period ending September 2013 (or Q2 of the current fiscal) owing to a decline in refining margins, though at the same time it managed to achieve sales worth more than Rs1,00,000 crore in...

COAI hints possibility of legal dispute on new licensing rules

Tuesday, 15 Oct 2013 | PTI | New Delhi

Describing the new rules related to new telecom licences as “coercive in nature”, industry body COAI has indicated that unilateral imposition of the norms on incumbent telecom operators could lead to legal disputes. Referring to migration rules framed in 1999 under the then telecom policy where operators were given choice to...

Govt to decide soon on relaxing FDI norms for housing sector

Tuesday, 15 Oct 2013 | PTI | New Delhi

The Government would soon decide on relaxing FDI guidelines for the housing sector, including easing the three-year lock-in period norm, a senior official in the DIPP said. “We have finalised the Cabinet note on the matter. Soon, we will send it for the Cabinet approval,” the official told the news agency. By...

Sebi proposes new norms for settlement of default proceedings

Tuesday, 15 Oct 2013 | PNS | Mumbai/New Delhi

Markets regulator Sebi on Monday suggested a fresh set of norms regarding settlement of administrative and civil proceedings against suspected market defaulters, except in cases of serious violations like illicit pooling of funds from investors, insider trading and fraudulent and unfair trades. The list of violations that can’t be settled has...

OVL increases stake in Brazilian oilfield for $529 million

Tuesday, 15 Oct 2013 | PNS | New Delhi

ONGC Videsh Ltd on Monday said it bought an additional 12 per cent stake in a Brazilian oilfield for $529 million after blocking a Chinese entry. OVL, which had a 15 per cent stake in block BC-10 along with Royal Dutch Shell, exercised a pre-emption right to block China’s Sinochem Group...

Studying feasibility of FDI norms in multi-brand: Wal-Mart

Tuesday, 15 Oct 2013 | PTI | New Delhi

World’s largest retailer Wal-Mart says it is studying the feasibility of India’s FDI policy in multi-brand retail before finalising plans to enter the segment, as the norms played a part in its break-up with Bharti Enterprises. “We continue to study the feasibility of the new FDI policy...We continue to monitor the...

NSEL scam: ED initiates probe, suspects money laundering

Tuesday, 15 Oct 2013 | PTI | Mumbai

In a fresh development in NSEL’s Rs5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said. “We have registered a preliminary inquiry into the NSEL scam as we strongly suspect money...

IKEA in talks with authorities to find location for stores

Tuesday, 15 Oct 2013 | PTI | New Delhi

As part of its entry plan for India, Swedish furniture chain IKEA on Monday said it has begun talks with authorities in main cities to get a better understanding of the market. The company, which has set up a new product development centre in India, also said it is primarily focusing...

India's first and only 360-degree view platform: WoNoBo.com

Tuesday, 15 Oct 2013 | PNS | New Delhi

Country's leading geospatial solutions company Genesys International Corporation (NSE GENESYS) on Monday announced the launch of WoNoBo.com. Users will be able to search, explore and share 'points of interest' across the length and breadth of the country. At launch, the service will be available for 12 major Indian cities and...

Delhi petrol pump outlets to close on Oct 28 to protest VAT

Tuesday, 15 Oct 2013 | PNS | New Delhi

Petrol pump operators in the national capital on Monday said they will shut their fuel outlets for a day on October 28 in protest against the Delhi Government's refusal to reduce value added tax (VAT). VAT on diesel in Delhi is 12.5 per cent compared with about 9 per cent in...


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Modi pays tribute to Rang Avadhoot

19 Nov 2017 | PNS | GANDHINAGAR

Addressing a gathering of people via video conferencing in Bharuch district of poll-bound Gujarat, Prime Minister Narendra Modi on Saturday asked them to unite against casteism, terrorism, black money, corruption and communalism. “It is a strange environment…We must hold each others hand and move ahead…...

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Union Minister Gehlot directs CBFC to edit ‚Äėobjectionable‚Äô scenes

19 Nov 2017 | PNS | Indore

Union Minister Thawar Chand Gehlot here on Saturday said the Central Board of Film Certificate (CBFC) should cut ‘objectionable’ scenes in the Bollywood film Padmavati whose release is being opposed by certain Rajput groups. The BJP leader said anger is palpable in the country against the period drama directed by Sanjay Leela Bhansali...

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