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Banks’ non-food credit shrinks

Indian banks’ loan book shrank by Rs 2.45 lakh crore in the fortnight ended April 17, indicating that loan repayments were high while disbursals lagged, RBI data showed.

Banks’ non-food credit shrinks

Cabinet action: In breather for sugar industry, import duty up

Sugar mills have been hit by a sustained hike in cane prices fixed by states and a slide in domestic sugar prices to six-year lows...

Sugar stocks News

Office space details: Room for despair

During January-March 2015, key office markets have seen absorptions of around 8-8.8 million sq ft, a jump of 6% y-o-y according to DTZ India in seven markets that it tracks.

Office work News

Gitanjali Gems gets fresh Rs 4,300-cr recast

Gitanjali’s consolidated sales fell 24% year-on-year (y-o-y) to Rs 12,436 crore in FY14, driving down the Ebitda by 22% to Rs 812 crore.

Gitanjali Gems News

APA pleas surge, go past the 500 mark

The finance ministry recently allowed rolling back of the APAs signed for four previous years too.

APA pleas surge, go past the 500 mark

Reliance Power exits, but govt moves ahead, mulls UMPPs at site of older plants

Reliance Power’s move to terminate PPP for the proposed UMPP at Tilaiya in Jharkhand dealt blow to the government’s UMPP plans.

power plants News

Bharti Airtel Q4 profit drops 12.7%; Idea Cellular net up by 60%

The earnings of Bharti Airtel and Idea Cellular confirm telcos' fear that their voice revenue is under pressure.

Internet News

RIL not following PSC be treated as default: Par panel

Criticising RIL for the sharp drop in natural gas output, the standing committee on petroleum and natural gas asked the oil ministry to take corrective measures to increase production.

RIL not following PSC be treated as default: Par panel

India seeks field for OVL but Tehran talks tough

Getting access to the Farzad B assets is vital for OVL to achieve the milestone of producing 20 million tonnes of oil and equivalent (mtoe) by 2018.

ONGC Videsh News

PM Narendra Modi steps in to sweeten sugar mills’ bitter pill

The Indian Sugar Mills Association has asked the government to buy 2.6-2.7 million tonnes of sugar at Rs 31 per kg (based on FRP cost of cane) so that the fall in domestic prices can be arrested.

Narendra Modi government News

FCI to seek loan cover from LIC

At the start of April 2015, FCI had grain stocks of 41 million tonnes against the buffer norm of 21 million tonnes. In June 2012, the stocks stood at a record 82 million tonnes.

demonetisation effect, migrant workers, punjab, punjab demonetisation, punjab workers, punjab labourers, narendra modi, pm modi News

Capgemini buys India-linked iGATE in $4-bn all-cash transaction

Capgemini will buy iGATE at a price of $48 per share, which is a 12% premium over the 30-trading day volume-weighted average price.

Capgemini acquires IGATE News

Steel firms turn pessimistic on Afghan project

SAIL and NMDC have 20% and 18% stakes, respectively, in the Afghan venture.

Jindal steel shares sensex News

States in a fix over Centre’s fixed cost cap for gencos

The change is not only meant for future coal auctions but will also apply for those developers who have bagged mines in the past auctions.

States in a fix over Centre’s fixed cost cap for gencos

PAU to debut reusable Bt cotton seeds

Dhillon said PAU’s seeds will be cheaper but could not specify by how much as they will be available for sowing in farmers’ fields only after about five years.

PAU to debut reusable Bt cotton seeds

DBTL weeds out 3 crore bogus LPG connections

Commercial use of cooking gas picks up as leakage plugged

LPG subsidy News

Home buys only need-based

Sales of residential units witnessed up to 50% decline in all the major markets of the country during FY15 as consumers slowed investments in real estate projects...

real estate india, real estate sector in india, property in delhi, property in mumbai, property in banglore, property news

‘Ore impost could almost nullify SAIL’s margins’

At a time when domestic steel demand is tepid, the potential additional outgo on captive iron ore, the key input that makes more than...

‘Ore impost could almost nullify SAIL’s margins’

In Ratan Tata, Xiaomi finds a ‘jewel’ investor

Iconic business leader Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.

Ratan Tata Xiaomi News

United Spirits asks Vijay Mallya to step down

The Diageo-led United Spirits (USL) on Saturday asked Vijay Mallya to step down as chairman of the firm...

Vijay Mallya News

Indian jewellers taking a shine to online retail; rush to tie up with eBay, Amazon, Flipkart

Precious jewellery is a fast-growing segment in e-commerce, with a jewellery item sold every 20 seconds

jewellery News

Telcos say bound to hike data tariff if there is no parity between VoIP and voice calls

Pitching for ‘same service, same rules’, telecom companies have warned of data tariff hike if over-the-top...

mobile phone data News

Net neutrality: Low cost VoIP is fine, but who’ll build the net, asks COAI

After netizens upped their ante in support of net neutrality, sending over 2 million messages...

Net neutrality, Net neutrality india, Net neutrality debate, voip, low voip, netizens net neutrality, voip net neutrality, coai, coai on net neutrality News

Infosys misses on expectations and guidance

India’s second-largest IT firm Infosys posted a net profit of $498 million for the March quarter...

infosys, infosys q2 results, infosys results, Infosys Profits, infosys quarterly results, Vishal Sikka, TCS, Wipro, IT Industries, IT Industries Performance, IT Industries Profits, business news

Kingfisher House battle: SBI asks Arun Jaitley to step in

When a consortium of lenders to Kingfisher Airlines led by State Bank of India...

Kingfisher, Kingfisher House, Kingfisher House battle, sbi, sbi Kingfisher, arun jaitley, sbi to arun jaitley, arun jaitley kingfisher News

Quick fix: CBDT to settle FPI tax claims in a month

The government on Friday set a deadline of one month for tax officers...

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Clarificatory order on MAT soon: Jayant Sinha

The tax scare of foreign portfolio investors (FPIs) eased considerably...

Jayant Sinha News
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