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Fin Ministry displeased at poor profit numbers of State-run banks

Monday, 27 May 2013 | PTI | Mumbai

The Finance Ministry has made public its displeasure over the dip in the bottomlines of most of the state-run lenders, including State Bank of India, in the March quarter earnings. “It is akin to asking someone who got bashed up on the road how he feels about it,” Financial Services Secretary...

Irda allows insurers to set up business abroad

Monday, 27 May 2013 | PNS | New Delhi

Regulator Irda has allowed insurers with sound financial health and a minimum of three years of operations to set up business in other countries. Companies had been for long seeking permission from the Insurance Regulatory and Development Authority (Irda) to open foreign insurance companies, as well as branch offices abroad to...

Mittal puts palatial London home up for sale

Monday, 27 May 2013 | PTI | London

The credit crunch seems to be taking its toll on one of the world’s richest Indians Lakshmi N Mittal, who has put up one of his mansions in central London up for sale. The steel tycoon had bought the property on Palace Green in Kensington for 117 million pounds in 2008,...

Over 100 MNCs seek advance ruling to avoid tax disputes

Monday, 27 May 2013 | PTI | New Delhi

Seeking to avoid transfer pricing taxation dispute, about 146 multi national companies (MNCs) have sought advance ruling under APA (Advance Pricing Agreements) mechanism. “We have received 146 applications from companies for advance pricing agreement mechanism which would allow companies to seek guidance on pricing of goods and services in advance,” a...

FM urges UAE investment in infrastructure sector

Monday, 27 May 2013 | PTI | Dubai

Seeking more foreign investment into India, Finance Minister P Chidambaram on Sunday met sovereign wealth funds here and discussed scope for investing into the infrastructure sector and corporate bonds. On his day-long visit to the Gulf-nation, he met senior Government functionaries and Abu Dhabi Investment Authority (ADIA) Managing Director Shaikh Hamed...

RBS to shut 23 retail and commercial branches in India

Monday, 27 May 2013 | Pioneer | Mumbai

Royal Bank of Scotland has said it will close 23 of its 31 branches in India by the end of the year to focus only on big cities. “As part of the strategic business decision, it has started the process of consolidating its retail and commercial banking business,” a statement...

Singh to seek nuclear deal, investments during Japan visit

Monday, 27 May 2013 | PTI | Tokyo

On the eve of his visit here, Prime Minister Manmohan Singh has hoped that India and Japan will reach an early agreement on civil nuclear energy cooperation even as he acknowledged that there are “problems” in Japan on the issue. Singh, who is undertaking a three-day visit to Japan from tomorrow,...

In just two years, Kerala Govt earns majorities’ total distrust

Monday, 27 May 2013 | VR Jayaraj | Kochi

The Congress-led UDF coalition came to power in Kerala in May, 2011 with the total support of the majority communities but two years later both the Congress and the Government have earned the total distrust of almost all of them, thanks to the pro-minorities policies they are allegedly following due...

Jet Airways shareholders approve Etihad deal

Saturday, 25 May 2013 | PNS | New Delhi/ Mumbai

Shareholdrs of Jet Airways on Friday approved the sale of 24 per cent stake to Abu Dhabi-based Etihad, with the Indian carrier's Chairman Naresh Goyal saying that the deal will improve profitability, reduce costs and lower the debts. At the airline's Extra Ordinary General Meeting (EGM) convened here, shareholders approved...

Yamaha bullish on Indian mkt, launches new scooter, motorcycle models

Saturday, 25 May 2013 | Rakesh Bihari Jha | Panjim (Goa)

Further consolidating its position in Indian bike and scooter markets, Japanese two-wheeler giant Yamaha Motor on Friday launched its second offering in the scooter segment - RAY Z and two bikes in the Yamaha SZ sport model series -SZRR and SZ-S, while pointing out that it sees India becoming...


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Of 4,862 large dams, only 349 have emergency disaster action plans: CAG

23 Jul 2017 | IANS | New Delhi

Only 349 of 4,862 India's large dams have emergency disaster action plans in place, the Comptroller and Auditor General (CAG) of India's performance report on flood control and management schemes of the Water Resources Ministry has revealed. "Out of 4,862 large dams, emergency action plans or disaster management plans of only 349 dams, which is seven per cent, were prepared (March 2016)...

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Sanskar Bharti holds Rangoli-Mehndi competition

25 Jul 2017 | PNS | HAZARIBAGH

The Hazaribagh district unit of Sanskar Bharti organized Rangoli-Mehndi competition in the premises of Hindu +2 High School. Despite continuous rain 140 participated in the Rangoli competition and 78 in Mehndi competition...

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