Nifty at three year high as Rs slips by 25 paise

Tuesday, 22 Oct 2013 | PNS | New Delhi

After a choppy session, while stock markets managed to close nearer to their three year high, rupee lost 25 paise and closed weak at Rs61.52 per dollar. Domestic currency faced pressure due to the persistent demand from importers and banks as the US currency strengthened overseas. Sensex edged closer to...

Dabur promoter Burmans enter healthcare, partner UK company

Tuesday, 22 Oct 2013 | PTI | New Delhi

The promoter of FMCG major Dabur India, the Burman family is foraying into healthcare space in the country and has formed a joint venture with founders of UK-based ‘Healthcare At Home’ with plans to invest around Rs200 crore. The Burmans will hold 65 per cent stake in the joint venture company...

Privatisation of six major airports likely ahead of LS polls

Tuesday, 22 Oct 2013 | PNS | New Delhi

The process of privatising six major airports may be completed within a time-frame and ahead of the 2014 general elections, said Civil Aviation Ministry on Monday. The Ministry’s move to hand over these airports, developed by the Airports Authority of India (AAI), through public- private partnership in the next 2-3 months...

Chambers seek growth boosting steps from RBI

Tuesday, 22 Oct 2013 | PTI | Mumbai

Industry bodies today urged the Reserve Bank to reduce key policy rates and ease the tight liquidity conditions in forthcoming monetary policy review. Governor Raghuram Rajan, who will unveil the policy next Tuesday, is not expected to trim policy rates. In fact some analysts have called for a 25 bps hike in...

Saradha scam: Sudipta Sen’s accounts frozen on laundering charges

Tuesday, 22 Oct 2013 | PTI | New Delhi

A special money laundering court here has ordered freezing of bank accounts of Sudipta Sen, the arrested chairman of Saradha group embroiled in alleged chit fund scam, to allow probe agencies complete investigations against the firm. Two banks accounts were placed under attachment by Enforcement Directorate (ED) sometime back. The accounts,...

HDFC’s Q2 net profit rises by 10% to Rs1,266 crore

Tuesday, 22 Oct 2013 | PNS | New Delhi

Housing Development Finance Corporation (HDFC) reported a jump of 10 per cent increase in net profit for the second quarter which ended on September 30. The company’s net profit rose to Rs1,266.33 crore for Rs1,151 crore during the same perios in the last financial year. While company’s profit registered a jump,...

Tata Steel wins rail track contract from UK Network Rail

Tuesday, 22 Oct 2013 | PNS | New Delhi

Europe’s second largest steelmaker Tata Steel on Monday said it has won a contract to supply rail tracks and steel sleeper plates to UK-based Network Rail for at least five years. “Network Rail, the company set up to operate and maintain Britain’s rail infrastructure, has chosen to source more than 95...

DLF awards Rs1,337crore construction contract to L&T

Tuesday, 22 Oct 2013 | PNS | New Delhi

The County’s largest realty firm DLF on Monday said it has given a Rs 1,337 crore contract to L&T forconstruction of its luxury residential project in Gurgaon.The company is developing a high-end housing project 'TheCrest' in Gurgaon comprising 765 units, of which about 250flats have been launched and sold. “DLF has...

Shome against retro amendment of tax laws to raise revenue

Tuesday, 22 Oct 2013 | PNS | New Delhi

Amid long-pending dispute between Vodafone and tax authorities, Finance Minister's advisor Parthasarathi Shome on Monday said the Government should not go in for retrospective amendment of tax laws to raise revenue. “There are three conditions under which retrospectively can be envisaged. One is to clarify, one is to correct for mistakes...

Sebi asks additional disclosures under takeover regulations

Tuesday, 22 Oct 2013 | PNS | Mumbai

Sebi on Monday asked entities acquiring substantial shares in listed companies to make additional disclosures regarding pledging of scrips, a move that will help investors to make an informed decision. “In order to ensure that adequate disclosures are made to help investors in taking an informed decision, it has been decided...


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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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Himalayan region shows lack of political will: Chipko leader

12 Dec 2017 | PNS | Dehradun

The Chipko Movement leader and noted activist Chandi Prasad Bhatt said that the Himalayan region is experiencing the effects of lack of political will and absence of ground level implementation of various environmental laws. He said this while delivering the second RS Tolia memorial lecture on the occasion of International Mountain Day at the regional science centre of the Uttarakhand State Council for Science and Technology (UCOST) here on Monday...

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