Business News


SC to resume hearing of 2G related matters Sep 27

Thursday, September 20th, 2012
SC to resume hearing of 2G related matters Sep 27New Delhi, Sep 21 The Supreme Court said Thursday that after a "long hiatus" it would resume the hearing of 2G related matters from Sep 27 and continue proceedings on the subsequent Thursday in the next week. An apex court bench of Justice G.S. Singhvi and Justice K.S. Radhakrishnan said that after ...

Reebok’s ex-MD, COO among five arrested for fraud

Thursday, September 20th, 2012
Reebok's ex-MD, COO among five arrested for fraudGurgaon,Sep 20 Reebok India's sacked MD Subhinder Singh and former COO Vishnu Bhagat were on Thursday arrested along with three others for their alleged involvement in a Rs 870-crore fraud in the company. Singh, Prem along with the three others -- Sanjay Mishra, Prashant Bhatnagar and Surakshit Bhatt-- have been arrested ...

Rs.17,000 crore released into banking system; retail interest rates expected to fall

Tuesday, September 18th, 2012
Rs.17,000 crore released into banking system; retail interest rates expected to fall Mumbai, Sep 18  The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ahead of the festive season, sparking talk of home and auto loans rates coming down. The CRR, the proportion of money banks ...

Left Front in Bengal to strike over diesel hike, FDI

Monday, September 17th, 2012
Left Front in Bengal to strike over diesel hike, FDI Kolkata, Sep 17  Alleging that the United Progressive Alliance (UPA) government has declared a war against people, West Bengal's opposition Left Front Sunday called for a 12-hour strike to protest against hike in diesel price and allowing foreign direct investment (FDI) in multi-brand retail. "The central government has declared a war against ...

Subsidy bill may touch 2.4% of GDP in current fiscal

Sunday, September 16th, 2012
Subsidy bill may touch 2.4% of GDP in current fiscalNew Delhi,Sep 16 The subsidy bill in the current financial year is expected to rise to 2.4% of the GDP from 1.9% estimated in the budget, finance minister P Chidambaram said on Saturday. "The estimated major subsidies in 2012-13 would be around 2.4% of GDP," he said while intervening in adiscussion ...

Indian banks could be affected by coalgate: SBI offical

Saturday, September 15th, 2012
Indian banks could be affected by coalgate: SBI officalKolkata, Sep 15  The coal block allocation controversy may not have a direct link to banks, but a senior official of state-run State Bank of India Friday said the banks may be affected due to an indirect link of the lenders to power companies. "Till now nothing has been held up because ...

Goa temporarily suspends all mining operations

Tuesday, September 11th, 2012
Goa temporarily suspends all mining operationsPanaji, Sep 11 In a major development, the Goa government Monday temporarily suspended operations of all the working mines in the state, pending verification of documents relating to mining activity and environmental clearances. The order by the state's mines and geology department however specifies that the suspension of mining operation "shall not ...

Dikshit hasn’t lost hope yet on Delhi’s Airport Metro

Monday, September 10th, 2012
Dikshit hasn't lost hope yet on Delhi's Airport MetroNew Delhi, Sep 10  Delhi Chief Minister Sheila Dikshit has not yet given up hope on the city's Airport Metro project, suspended since July 8 for structural faults, and also does not feel that a public-private partnership model is unsuited for such projects. "We should not jump to conclusions that the ...

12th Plan to spell out state-specific growth targets

Sunday, September 9th, 2012
12th Plan to spell out state-specific growth targetsNew Delhi,Sep 9 For the first time in the history of planning in India, the 12th Five Year Plan will spell out state-specific growth targets and fix monitorable parameters for social sector indicators like infant mortality and student enrollment ratio. "The Planning Commission will include state's individual economic growth targets and ...

Google India launches premier SME partner programme

Wednesday, September 5th, 2012
Google India launches premier SME partner programmeNew Delhi, Sep 6 Google India Wednesday launched a small and medium enterprise (SME) partner programme to maximize its reach to small businesses across the country and provide them specialised services to grow through digital advertising. "Google's premier SME partners will be trained to offer the highest level of expertise and proficiency ...
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