Business

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FM ask banks to gear up for all India LPG cash subsidy rollout

Written on 12 Apr, 2013 at 20:08 in Business | viewed 192 times | 0 Comments

New Delhi: Finance Minister P Chidambaram today asked banks to gear up for the rollout of direct cash subsidy scheme to cooking gas (LPG) consumers throughout the country. “I have asked them (bankers) to get ready for the rollout of LPG... (Continue reading)

RBI penalises JP Morgan Chase for violating risk-mgnmt norms

Written on 12 Apr, 2013 at 19:29 in Business | viewed 83 times | 0 Comments

Mumbai: The Reserve Bank today imposed a penalty of Rs 5 lakh on US banking major JP Morgan Chase for violation of various norms including risk-management guidelines. “The Reserve Bank of India has imposed a penalty of Rs 5 lakh on... (Continue reading)

Gujarat tops in attracting pvt investment: Assocham

Written on 12 Apr, 2013 at 19:03 in Business | viewed 64 times | 0 Comments

Mumbai: Gujarat has ranked on top for attracting investment across the country — cornering about 14 per cent of total outstanding private sector investment worth over Rs 75 lakh crore as of December 2012, industry body Assocham has said. The private... (Continue reading)

Sensex plunges 294 pts in early trade; Infosys tumbles 18pc

Written on 12 Apr, 2013 at 10:49 in Business | viewed 136 times | 0 Comments

Mumbai:The BSE benchmark Sensex today fell sharply by 294 points in early trade mainly due to widespread losses in IT-sector stocks after Infosys forecast lower- than-expected sales for fiscal 2013-14. Besides, a mixed trend in the global markets also influenced the... (Continue reading)

Infosys Q4 net at Rs 2,394 cr;shares plunges 18% on guidance

Written on 12 Apr, 2013 at 10:19 in Business | viewed 97 times | 0 Comments

Mumbai:IT major Infosys today reported a 3.3 per cent increase in its consolidated net profit to Rs 2,394 crore for the fourth quarter ended March 31, 2013. The revenues for the reported quarter were up 18.09 per cent to Rs 10,454... (Continue reading)

Mallya dream of flying Kingfisher still on ground

Written on 11 Apr, 2013 at 18:24 in Business | viewed 59 times | 0 Comments

New Delhi: Kingfisher Airlines chief Vijay Mallya’s dream of flying has got another jolt on Thursday when the Airports Authority of India (AAI) rejected his companies plan to operate on ‘cash and carry’ basis. The Authority asked Kingfisher to clear... (Continue reading)

Cobrapost expose: RBI initiating action against banks

Written on 11 Apr, 2013 at 14:51 in Business | viewed 160 times | 0 Comments

New Delhi:Reserve Bank Deputy Governor H R Khan today said the central bank is initiating action against ICICI Bank, HDFC Bank and Axis Bank in connection with allegations of money laundering by Cobrapost. “Actions are on the way. Scrutiny has been... (Continue reading)

Honda launches Amaze starting at Rs 4.99 lakh

Written on 11 Apr, 2013 at 13:50 in Business | viewed 152 times | 0 Comments

New Delhi: Japanese auto major Honda Motor Co today launched its much-awaited entry level sedan Amaze at a price range of Rs 4.99 lakh to Rs 7.60 lakh (ex-showroom, Delhi). The model is the company’s first diesel offering in India. Its wholly-owned... (Continue reading)

SC restrains Airtel from providing 3G roaming to new customers

Written on 11 Apr, 2013 at 13:23 in Business | viewed 61 times | 0 Comments

New Delhi: Bharti Airtel was today restrained by the Supreme Court from providing 3G roaming services to new customers in seven circles where it does not have license to do so. The apex court also said that no coercive steps will... (Continue reading)

Not even a cup of tea was offered to me, Roy after appearance

Written on 10 Apr, 2013 at 18:00 in Business | viewed 87 times | 0 Comments

Mumbai: Sahara chief Subrata Roy today rued that the he was not even offered a cup of tea during his hour-long appearance before market regulator Sebi. “We have given more than Rs 5,000 crore to Sebi (for refund to investors). Additionally,... (Continue reading)