Month: January 2015

Sun gets US trade regulator nod for Ranbaxy merger

Torrent to buy Ranbaxy’s anti-bacterial generic; Gujarat company also in the fray for India assets           Read More

Mall closures rise, future tense for many more

Over a dozen malls have been closed down or converted into office spaces in Mumbai, NCR and Bengaluru in the last two years, with Mumbai accounting for half the closures           Read More

Come late to work and lose pay: Air India tells pilots, crew

January salaries delayed; airline also working on proposal to trim pilots’ pay 15-20% by doing away with performance-linked incentives           Read More

‘AirAsia captain left seat before jet lost control’

The captain had flown on the same plane with the intermittently faulty device just days before the crash           Read More

Cars running on air still on Tata Motors’ radar

The debut of the air car (Airpod) is expected in the second half of 2015 in Hawaii           Read More

India Inc seeks mystical union

The first session of the day titled Corporate Shared Value, organised by Art of Living and the World Forum for Ethics in Business, gave a platform to officials to talk on giving back to society and CSR           Read More

Vodafone Plc board to meet tomorrow in Delhi

Vodafone mum about venue of meeting, which will have Group CEO Vittorio Colao and all other board members           Read More

SpiceJet clears December wages after month’s delay; no clarity on Jan salaries

Airline has liabilities of Rs 1,400 cr to airports and vendors, and accumulated losses of Rs 3,000 cr           Read More

T Suvarna Raju takes charge as Chairman of HAL

He is credited with securing the first ever patent for the state-owned defence major in 2002           Read More

Failing convertible-bond repayments

Convertible bonds were India Inc’s favourite a decade ago. But recently, defaults are taking place. Some points about foreign currency convertible bonds:What is FCCB?FCCB is a convertible bond issued in a currency, different than the issuer’s …           Read More

AAP promises lowest VAT in India

Party says it will halve power tariff and give 20,000 litres of free water to each household every month           Read More

NITI Aayog to remain separate from the planning ministry

Planning Commission’s new name and tweaked role unlikely to bring serious change to the ministry’s functioning, say officials           Read More

AAP vs BJP gets uglier, Bedi approaches police against Vishwas

Viswas, however, dismissed the allegations and accused Bedi of misleading the people           Read More

AAP a ‘backstabber’, BJP will give a clean govt, says Modi

In a hard-hitting attack on the Aam Aadmi Party (AAP), Prime Minister Narendra Modi on Saturday called it “backstabber” and asked Delhiites not to repeat the “mistake” of voting for the Arvind Kejriwal-led party.During his over half-an-hour address …           Read More

CEC tweaks Karnataka’s auction plan for Category-C mines

The central empowered panel of the Supreme Court has rejected some of Karnataka’s proposals           Read More

Insurance pool for nuclear sector within legal structure: House panel

The committee said the agreement was within the fundamental policy and legal architecture, including the Civil Liability for the Nuclear Damage Act           Read More

DRDO chief Chander exits with successful launch of Agni-5

Avinash Chander cherishes every moment of his service in DRDO           Read More

Smart city plan: Criteria for selection, ranking agreed

Basic eligibility conditions include need for a vision and city development strategy, progress under Swachh Bharat           Read More

Mamata changes tack for rebels

Hands them additional responsibilities at the core committee meeting           Read More

Grasim Industries net rises a bit to Rs 333.6 cr

The company reported consolidated net sales of Rs 7,888 cr in the period against Rs 7,063 cr last year           Read More

Sushma Swaraj arrives in Beijing on a four-day visit

This is the 62-year-old leader’s first visit to Beijing after she took over the office last year           Read More

Business Standard Quiz: Northern region – Team from Genpact bags the first prize

The winner went home with the grand prize of Rs 25,000, the first and second runners-up bagging Rs 15,000 and Rs 10,000, respectively           Read More

A tale of two base years

India’s economy grew 6.6 per cent in 2013-14 against 4.7 per cent estimated earlier, according to new data released on Friday by the government. The new data take 2011-12 as base year, against 2004-05 earlier. The sharpest revisions in growth rates …           Read More

Kishan S Rana & Hemant Krishan Singh: Evaluating Barack Obama’s landmark visit

Two former Indian diplomats provide two different viewpoints on how the president’s recent official trip moved India-US relations forward           Read More

Aditi Phadnis: Haryana still waiting for promised ‘grand plans’

When it comes to initiatives taken by the new government, they can be counted on two fingers           Read More

‘As Americans, we believe in the promise of India’

So that’s what unifies us: do we act with compassion and empathy? Are we measured by our efforts – by what Dr (Martin Luther) King called “the content of our character” rather than the colour of our skin or the manner in which we worship our God? In …           Read More

The real elephant in the room is the Taliban, not China: Adrienne Woltersdorf

The Afghanistan country director of German think tank Friedrich-Ebert-Stiftung, Adrienne Woltersdorf, describes in an interview to Aditi Phadnis, what it is like to live and work in Afghanistan and what the Afghans really want. Edited excerpts:You …           Read More

Wake up, B-schools

Indian management institutions not striving for excellence           Read More

Odisha government to put residential plots in capital city on auction

Odisha government today decided to put all new residential plots in the state capital on auction and stop direct allotment of land to individuals.           Read More

Sensex, Nifty fall 0.3% each for the week; CIL biggest loser

India’s largest cigarette maker by sales, ITC jumped 5.54 per cent to Rs 368.60. The stock was the top performing stock among the Sensex stocks. Read More

Grasim Industries reports Q3 net profit at Rs 333.61 crore

Grasim reported consolidated net sales of Rs 7,888.53 crore in October-December period as against Rs 7,063.43 crore during the same quarter of last financial year. Read More

​Gold settles Rs 335 higher on safe haven demand; silver soars Rs 560

A firm global trend amid the US economy expanding at a slower pace than forecast in the fourth quarter reignited safe haven demand for gold. Read More

Turmeric, jeera fall on subdued demand

Marketmen said subdued demand from retailers and stockists at higher levels against sufficient stocks mainly pulled down turmeric and jeera prices. Read More

Exide Q3 Net up 25% at Rs 97.23 crore

Net sales during the period under review stood at Rs 1,557.9 crore as against Rs 1,301.41 crore in the year-ago period. Read More

Maize strengthens on pick up in demand

Marketmen said increased demand from consuming industries against restricted supplies from producing belts mainly strengthen maize prices. Read More

Steel prices remain flat in lacklustre trade

Traders said scattered deals from construction units against adequate stocks position mainly kept steel prices under check. Read More

Edible oils remain weak during the week; subdued demand, global cues weigh

Adequate stocks position on increased supplies from producing regions, a weakening global trend kept pressure on select edible oil prices. Read More

Usha Martin posts Rs 36 crore loss in third quarter

Chairman of Usha Martin Prashant Jhawar said that the specialised steel market was still subdued as demand was yet to pick up. Read More

Government puts reforms on fast track to boost confidence among foreign investors

Cabinet decision to not to appeal against the Bombay HC decision on Vodafone, will create a positive sentiment among the foreign investors, Aggarwal said. Read More

Japan says hostage negotiations ‘deadlocked’: Media report

Japan’ deputy foreign minister has said negotiations with the Islamic State group threatening to execute a Jordanian pilot and a Japanese journalist have become “deadlocked,” local media reported today.           Read More

New accounting standards offer no benefits to investors in unlisted cos: Howard Rosen

India recently came out with a road map for companies to implement the new Indian accounting standards (Ind-AS). Howard Rosen, Worldwide Chairman, BKR International, one of the top 10 global accounting associations, tells Deepak Patel that changes …           Read More

Measures to boost funding to SMEs in the offing

A slew of measures are in the pipeline to boost funding for the Small and Medium Enterprises (SMEs) including making listing norms easier for these companies and a bankruptcy code among other measures.           Read More

Over 5000 liquor bottles seized ahead of Delhi polls

Election Commission officials seized 5,964 bottles of illicit liquor from a godown allegedly owned by AAP’s Uttam Nagar candidate Naresh Balyan last night.           Read More

Weekly: Markets end lower on CIL sale, NPA woes

The 30-share Sensex ended down 96 points at 29,183 and the 50-share Nifty closed 27 points lower at 8,809 Read More

US stocks fall 3% in January, see worst monthly decline in a year

On Friday, investors also weighed the consequences of a slowdown in US economic growth and how further strength in the dollar could dent corporate profits. Read More

GIC plans bond issue to boost nuclear-cover

The corporation, which has a net worth of Rs 12,000 crore, helps insurance companies by taking on risks beyond a certain limit on its own books. Read More

Wall Street closes down for January; Shake Shack rallies in debut

US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. Read More

Five risks to India’s markets rally

There are times in financial-market rallies where the gains become so spectacular and the euphoria reaches such a pitch that it becomes easy to forget about the risks. Read More

Intex to invest Rs 1000 crore to ramp up India business; expects market share to touch 10%

Intex is planning to invest Rs 1,000 crore in the next fiscal year beginning April 1 to strengthen its operations in the country.           Read More