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Government likely to ban e-series contracts at NSEL

Tuesday, 06 Aug 2013 | PTI | New Delhi

The Government is likely to ban trading in e-series contracts on the National Spot Exchange Ltd (NSEL), a move that could hit its business further.NSEL offers e-series contracts in gold, silver, copper, zinc, lead, nickel and platinum. On July 31, the NSEL suspended trade in all contracts except ‘e-series’ following...

BMW to hike prices by up to 5% across models

Tuesday, 06 Aug 2013 | PNS | New Delhi

German luxury carmaker BMW group on Monday announced it would increase prices of its products across models, including the Mini, by up to 5 per cent amid higher import costs due to the declining rupee. BMW Group India is announcing a price increase of up to 5 per cent across the...

Pvt sector output contracts for first time since 2009: HSBC

Tuesday, 06 Aug 2013 | PTI | New Delhi

India’s private sector activity contracted for the first time in over four years in July amid evidence of falling new business and a difficult economic climate, a survey said on Monday. The HSBC India Composite Output Index, which maps both services and manufacturing activity, fell to 48.4 in July, down from...

Sleuths make first arrest of service tax defaulter

Tuesday, 06 Aug 2013 | PTI | New Delhi/Kolkata

The first arrest of a service tax defaulter in the country has been made after government got the powers recently to crack the whip on evaders. A courier company owner was arrested for allegedly evading service tax of about Rs 70 lakh in the first such case after Finance Minister P...

Rs to decide market’s fate in the coming days

Monday, 05 Aug 2013 | Anchal Kakroo | New Delhi

Markets have been trading under pressure since the last nine sessions and lost nearly 2.2 per cent through the last week alone. Rupee weakness continued to be the cause of concern and on top of that the whole issue of National Spot Exchange Ltd, further dented the market sentiment dragging...

Vodafone needs to sell Airtel stake to comply with new rules

Monday, 05 Aug 2013 | PTI | New Delhi

Vodafone Group will be required to offload its indirect 4.4 per cent stake, worth $1 billion, in Bharti Airtel as new telecom licence rules bar telecom players from holding any beneficial interest in competitors operating in the same service areas. “In the event of holding/obtaining Access spectrum, no licensee or...

FIIs pull out $10.5 bn from Indian capital mkt in June-July

Monday, 05 Aug 2013 | PTI | New Delhi

Foreign investors have pulled out a staggering over Rs 62,000 crore ($10.5 billion) from the Indian capital market in the past two months amid concerns about the depreciating rupee. Market analysts expect selling pressure by foreign institutional investors (FIIs) to continue in the near term. FIIs had withdrawn Rs 18,124 crore...

‘NSEL to start trading after new regulations by FMC in place’

Monday, 05 Aug 2013 | PTI | Mumbai

The troubled National Spot Exchange Limited (NSEL) on Sunday said it is committed to ensure proper settlement of all outstanding obligations but will resume operations only after the commodity regulator FMC issues guidelines for the spot exchanges. “The Exchange is fully committed to ensure proper settlement of all outstanding obligations and...

Indian stock mkt close to exiting elite trillion-dollar club

Monday, 05 Aug 2013 | PTI | Mumbai

As downward pressure continues on rupee and share prices, India has moved dangerously close to slipping out of the elite 14-member global league of stock markets having a trillion-dollar valuation. Currently at $1.004 trillion, Indian market is managing to stick to its trillion-dollar tag by a wafer-thin margin of 0.4 per...

Reliance, IOC, Cairn India in race for HPL

Monday, 05 Aug 2013 | PTI | New Delhi

Reliance Industries, Indian Oil Corp and Cairn India are among six firms that may submit price bids early next month to buy about 31 per cent stake in beleaguered Haldia Petrochemicals Ltd (HPL). RIL, IOC, Vedanta Resources through subsidiary Cairn India, State-owned Oil and Natural Gas Corp (ONGC), gas utility GAIL...


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‘Bring home the bacon,’ Merkel tells voters on eve of poll

24 Sep 2017 | AFP | Berlin

Chancellor Angela Merkel and her rival Martin Schulz rallied voters on the eve of Sunday’s vote, urging Germans to shun the first hard-right party expected to enter parliament in force since the end of World War II. Merkel, the clear frontrunner after 12 years in power with a double-digit lead, also told her conservative base not to get complacent and to cast their ballots, rousing them with a folksy call to...

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Various events mark Swacchta Bharat Mission programme

25 Sep 2017 | PNS | Indore

To observe the third anniversary of Swacchta Bharat Mission, various events are being held in city. Indore Mayor Malini Laxman Singh Gaud and Indore Municipal Corporation (IMC) Commissioner Manish Singh have instructed to organize events marking the D-day, ie October 2...

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