Mkts rebound, Sensex up 55 pts

Saturday, 22 Jun 2013 | PNS | NEW DELHI/ Mumbai

Post mayhem at the Dalal Street, Sensex on Friday bounced back from 2-month lows to end 55 points up on late buying in IT and auto scrips tracking a recovery in rupee after Finance Minister P Chidambaram assured that there was no need for panic and the RBI will take...

Bajaj Hindusthan plans to sell investment in two group firms

Saturday, 22 Jun 2013 | PNS | New Delhi

Country's largest sugar firm Bajaj Hindusthan on Friday said it will seek shareholders' nod for sale of investment in two group firms related to power venture, Bajaj Energy and a subsidiary in Singapore. Bajaj Hindusthan has 26 per cent stake in Bajaj Energy, while Bajaj Hindusthan (Singapore) Pte Ltd is a...

India slow to reform, but consumer confidence robust: Parekh

Saturday, 22 Jun 2013 | PNS | New Delhi

Optimistic about the India story getting better going forward, industry leader Deepak Parekh on Friday said the consumer confidence remains robust in the country despite its 'unpredictable and slow to reform' nature. "No doubt, India is a complex and challenging market. It is dynamic and exciting, yet often unpredictable and...

Home prices inflated; aggressive lending dangerous: Parekh

Saturday, 22 Jun 2013 | PNS | New Delhi

Terming the home prices as highly inflated in the country, including in smaller cities, industry leader Deepak Parekh on Friday asked builders to focus on affordable housing, rather than luxury homes, and said it is a dangerous thing to lend aggressively to developers. Parekh, Chairman of the country's largest housing...

New bidding norms for power projects in a month's time

Saturday, 22 Jun 2013 | PNS | New Delhi

New bidding norms for power plants would be out in a month's time, Power Minister Jyotiraditya Scindia on Friday said. "The new Standard Bidding Documents or SBDs would be out in the next 3-4 weeks," Scindia said here at an award function. He added that the new SBDs are in their...

Morgan Stanley gets OK to buy remaining joint venture stake

Saturday, 22 Jun 2013 | AP | New York

Morgan Stanley is getting regulatory approval to buy the 35 percent stake of a joint venture with Citigroup that it doesn't already own for $ 4.7 billion. The bank said today that gaining full ownership of Morgan Stanley Smith Barney Holdings LLC, which operates under the name Morgan Stanley Wealth Management,...

BSNL signs four international roaming agreements

Saturday, 22 Jun 2013 | PTI | New Delhi

State-run telecom operator BSNL has signed four international roaming agreements in May with service providers in Bahrain, Guinea and Saudi Arabia. "We already have presence in these countries. The agreement is to strengthen our presence there and provide more choice for customers," BSNL Chairman and Managing Director RK Upadhyay told...

Rajapaksa says no violation of 1987 Indo-Lanka Accord

Saturday, 22 Jun 2013 | PTI | Colombo

Sri Lankan President Mahinda Rajapaksa on Friday dismissed reports that his Government had flouted agreements reached in the 1987 Indo-Lanka Accord, which created devolved administrative units, saying there had been no violation. “We have not violated anything on the Indo-Lanka accord”, Rajapaksa said, while responding to questions during a media interaction....

Rs in shambles, Govt says will take action as warranted

Friday, 21 Jun 2013 | PNS | New Delhi/ Mumbai

Hefty dollar outlow from the country on Thursday after US Federal Reserve on Wednesday confirmed the tapering plan in time to come, pulled domestic currency to all-time low of 59.57 against dollar. Rupee commenced sharply lower at 59.50 a dollar from Wednesday’s close of 58.70 and dipped further to log its...

Sensex crashes 526 pts

Friday, 21 Jun 2013 | PNS | Mumbai/ NEW DELHI

The US Federal Reserve’s announcement on quantitative easing on Wednesday created mayhem at global markets including India. Sentiment was so bearish on Thursday that 28 out of 30 Sensex scrips closed down and investors lost wealth worth Rs 1.57 lakh crore in a single day! Tracking US markets, which closed...


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Prez’s arts council quits over Trump’s Virginia remarks

20 Aug 2017 | AFP | Washington

The entire President’s Committee on the Arts and the Humanities, that includes Indian-Americans Jhumpa Lahiri and Kal Penn, has resigned over President Donald Trump’s controversial remarks after the racist violence in Virginia. In a letter signed by 16 of 17 committee members, including author Lahiri and actor Penn, Trump’s decision to withdraw from the Paris Agreement on climate change has also been cited as a reason for their resignation...

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Task force to check illegal mining, not police

21 Aug 2017 | PNS | Ranchi

The Government has decided to form State-level task force led by Mining Secretary which will look into matters of illegal mining of minerals and sand in the State. Government spokesperson and Personnel Department Principal Secretary Nidhi Khare said on Sunday that similar task forces would be set up in districts, led by respective Deputy Commissioner (DC) and supported by members like District Mining Officer and Circle Officer, which will conduct...

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