DLF Q2 profit drops by 28% at Rs 100 cr; cuts debt by Rs 861crore

Friday, 01 Nov 2013 | PNS | New Delhi

DLF has reported 28 per cent fall in consolidated net profit at Rs 100.05 crore in second quarter of this fiscal on lower sales but reduced net debt by Rs 861 crore to Rs 19,508 crore. DLF also announced plans to raise Rs 1,000 crore through launch of first Commercial Mortgage...

NSEL scam: ED raids Mohan India premises across country

Friday, 01 Nov 2013 | PTI | New Delhi

Probing suspected money laundering in the crisis-riddden National Spot Exchange Limited (NSEL), Enforcement Directorate (ED) on Thursday conducted cross-country searches on the premises of Mohan India Ltd, a major borrower. The agency also sealed these properties estimated to be worth Rs 100 crore. A special team of ED sleuths from Mumbai...

NSEL crisis destroyed everything’, says Shah as he quits MCX

Friday, 01 Nov 2013 | PNS | New Delhi

Jignesh Shah, who is embroiled in the Rs 5,600-crore payment imbroglio at NSEL, on Thursday resigned as Non-Executive Vice Chairman of MCX and said this crisis has destroyed “everything” he has worked for all his life. Shah has resigned from the company with immediate effect, MCX said in a BSE...

Ajit Singh woos US investments in aviation sector

Friday, 01 Nov 2013 | PNS | Washington

Projecting a rapid growth for India’s aviation sector, Civil Aviation Minister Ajit Singh has sought to make a strong push to woo American investments by taking advantage of New Delhi’s moves to steadily open up the sector. Participating in the first-ever US-India Aviation Summit here, Singh said civil aviation in India...

JCB forays into hand, power tools business

Friday, 01 Nov 2013 | PNS | NEW DELHI

Country’s largest manufacturer of Construction Equipment JCB India Limited, announced its entry into Hand & Power Tools segment. “JCB has entered into an agreement with leading Hand and Power Tools manufacturers - Groz Private Limited and Master Alloys Limited respectively to manufacture, source and distribute JCB branded tools,” company said in...

Whistleblower may get more than $5 mn from Infosys settlement

Friday, 01 Nov 2013 | S Rajagopalan | Washington

Jack Palmer, the former American employee of Infosys whose whistleblower lawsuit led to federal investigations culminating in the $34 million fine on the Indian IT giant for visa violations, will be richer by well over $5 million from the civil settlement. Palmer’s own lawsuit, filed in an Alabama court in February...

Rajan says RBI may be done with rate hikes for now

Thursday, 31 Oct 2013 | Pioneer | Mumbai

After two rate hikes in less than six weeks aimed at curbing inflation, RBI Governor Raghuam Rajan on Wednesday said the central bank may be done with interest rate increases as their impact on the economy is assessed. "We think we have done enough on rate hikes given what we know...

Govt asks RIL to surrender 81% of KG-D6 gas block

Thursday, 31 Oct 2013 | PNS | New Delhi

In a stern step, the Government on Wednesday directed Reliance Industries Ltd (RIL) to give up 81 per cent of its KG-D6 gas block, including five discoveries after the time given to the Mukesh Ambani-led entity to start production from these reserves, had run out. "I think the notice (for relinquishment)...

Parikh panel suggests steep hike in ‚Äėaam admi' fuel prices

Thursday, 31 Oct 2013 | PNS | New Delhi

With just a couple of weeks to go for assembly elections in four key northern Indian States and Lok Sabha polls just six months away, the Prime Minister Manmohan Singh appointed-Kirit Parikh Expert Group has suggested some radical measures which are going to be a bitter pill for the UPA...

Sensex zooms past 3 yr high as mkts celebrate early Diwali

Thursday, 31 Oct 2013 | PNS | New Delhi

FIIs invest Rs 14,678.3 cr during October, 16.7% of their total investment in 2013 Diwali bang was seen a couple of days before the stock markets as Sensex and Nifty both zoomed past their three-year highs on Wednesday. The benchmark Sensex closed after gaining 104.96 points and closed at 21,033.97, the...


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N Korea blames US for tensions in rare UN talks

10 Dec 2017 | AFP | Seoul

North Korea blamed US "nuclear blackmail" for soaring tensions over its weapons programme in rare meetings with a senior UN official, but agreed to regular communication with the organisation, state media said today. Jeffrey Feltman arrived in Beijing today after wrapping up a five-day visit to Pyongyang aimed at defusing the crisis, just a week after North Korea said it test-fired a new ballistic missile capable of reaching the United States...

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Cong to hold yatra against Govt policy

13 Dec 2017 | PNS | Ranchi

The Congress will organise a yatra covering all the 11 districts where the party feels that the employment rights of the locals have been compromised with. The protest is also against the said promise reportedly made by Chief Minister Raghubar Das to amend the decision allowing outsiders into Government jobs in certain part of the State...

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