Business

Cairn India's Rs 5,725 crore share buyback starts on Jan 23

Wednesday, 15 Jan 2014 | PTI | New Delhi

Mining baron Anil Agarwal's Cairn India Ltd will spend up to Rs 5,725 crore to buy back shares to give him greater control over the nation's largest private oil producer. The exploration company will buy back shares from January 23 and extinguish them. The purchase may include a part of the...

Google buys ‚Äėsmart' thermostat maker Nest for $3.2 billion

Wednesday, 15 Jan 2014 | AFP | San Francisco

Google has announced that it is buying smart thermostat start-up Nest in a deal valued at $3.2 billion. “They're already delivering amazing products you can buy right now -- thermostats that save energy and smoke/CO alarms that can help keep your family safe,” Google chief executive Larry Page said in a...

SBI fears more strain on asset quality

Wednesday, 15 Jan 2014 | PTI | Kolkata

Country's largest commercial bank State Bank of India (SBI) on Tuesday expressed apprehension that the bank's asset quality might deteriorate further due to contraction in factory output. “The contraction in factory output as indicated by falling IIP will put additional pressure on banks, including SBI, on the asset quality,” bank's...

New gas price mechanism to to boost profits of ONGC, RIL: S&P

Wednesday, 15 Jan 2014 | PNS | New Delhi

Global rating agency Standard & Poor's (S&P) on Tuesday said the government's decision to increase domestic gas prices is likely to benefit two major gas producers Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL). “We also believe that the price increase will support the companies' high capital expenditure...

Sensex soars 375 pts, best gain since Nov 25, 2013

Tuesday, 14 Jan 2014 | PNS | New Delhi

Backed by expectation of inflation easing down and foreign institutional investors (FII) again starting fresh buying, the benchmark Sensex surged by 375.72 points, biggest gain in seven weeks, to 21,134.21. Analysts said that the fresh buying in interest sensitive stocks on hopes of rate cut by Reserve Bank of India...

Interest rate on PF deposits raised to 8.75% for 2013-14

Tuesday, 14 Jan 2014 | PNS | New Delhi

EPFO on Monday announced a hike in interest rate on Provident Fund deposits to 8.75 per cent for 2013-14, a decision that will benefit over 5 crore subscribers. The interest rate on PF deposits in the previous financial year was from 8.5 per cent. The decision to raise interest rate was taken...

Indian cos raise $2.19 bn in Nov from overseas mkt

Tuesday, 14 Jan 2014 | PTI | Mumbai

Indian companies raised $2.19 billion from overseas markets in November through external commercial borrowings and foreign currency convertible bonds.In October, they had raised $1.93 billion from abroad. As many as 41 firms raised money from external sources in November. Of these, 34 raised $948.27 million through the automatic route for which...

Tata unveils new Nano variant, Twist with power-steering

Tuesday, 14 Jan 2014 | PNS | MUMBAI/NEW DELHI

Tata Motors on Monday launched a new “Nano Twist” that sports an electric power steering and is priced Rs14,000 higher than the existing top-end model. The company claimed the Nano Twist is the first in the category to have an electric power steering as all other manufacturers like Maruti offer only...

EPFO may provide housing to subscribers

Tuesday, 14 Jan 2014 | PTI | New Delhi

Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore subscribers on additional contribution of 10 per cent by them from their basic wages every month. The idea was mooted by Labour Minister Oscar Fernandes during a function of Employees’ Provident Fund...

Bharti seeks to raise euro 1 bn by reopening bond issue

Tuesday, 14 Jan 2014 | PNS | New Delhi

With less than a month left in spectrum auction, Bharti Airtel said that it is in talks with investors to raise a total euro 1 billion or Rs8,400 crore by re-opening its euro 750 million bond offering. Last month, the telecom major's wholly owned subsidiary, Bharti Airtel International raised 750...


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9 killed in Rajasthan LPG cylinder blast, Rs 2L ex gratia announced

18 Feb 2018 | IANS | Jaipur

At least nine persons were killed and 18 others injured when two LPG cylinders exploded at a wedding in Beawar in Rajasthan's Ajmer district, police said on Saturday. According to police, six persons were referred to a hospital in Ajmer while 12 were referred to the district hospital in Beawar...

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Narottam campaigns at Kolaras bypoll

18 Feb 2018 | Staff Reporter | Bhopal

Madhya Pradesh Government has worked with dedication in education, health, food, agriculture, irrigation and tribal welfare, said Public Relations Minister Narottam Mishra while addressing public meeting during campaigning for Kolaras by-election. Minister Mishra addressed meetings at Khatorda, Barod, Hairpur, Emloda and Toria regions...

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