Wednesday, 10 April 2013

Sahara chief Subrata Roy appears before SEBI

Sahara chief Subrata Roy appears before SEBI

Sahara chief Subrata Roy appears before SEBI

Sahara India Chairman Subrata Roy on Wednesday appeared before the stock market regulator, Securities and Exchange Board of India (SEBI), in connection with the case relating to the refund of Rs. 24,000 crore to investors in two Sahara group companies ...
Bajaj Auto launches Ninja 300 at Rs 3.5 lakh, to phase out 250R

Bajaj Auto launches Ninja 300 at Rs 3.5 lakh, to phase out 250R

Bajaj Auto today said it hopes to sell around 2,000 units of the premium sports bike from the Kawasaki Ninja platform launched today, which is priced at Rs 3.5 lakh. The new 'Ninja 300' is the fourth of the Kawasaki Ninja range of products launched in the ...
KFA lenders to initiate process to liquidate Mallya

KFA lenders to initiate process to liquidate Mallya's assets next week

The tussle over recovery of loans given to Kingfisher Airlines (KFA) between a 17-member consortium of banks and promoter Vijay Mallya seems to have entered the last lap. The lenders are set to start from next week the process to liquidate the physical ...
Growth seen weakening in India: OECD

Growth seen weakening in India: OECD

NEW DELHI: Paris-based think tank OECD on Monday said leading indicators point towards weakening growth in India though it forecast rapid recovery in rich nations, including those in eurozone. "The CLIs ( Composite Leading Indicators) for the United ...
Finance ministry officials to bat for India story with credit raters

Finance ministry officials to bat for India story with credit raters

The government faces a crucial month ahead with finance ministry officials preparing to make a strong pitch about India's robust macroeconomic fundamentals in consultations with US-credit rating agencies beginning this Friday, ahead of possible sovereign ...
Eveready puts 50 acres of land on the block

Eveready puts 50 acres of land on the block

Even as it put on the block 50 acres, dry cell battery major Eveready Industries India Ltd. (EIIL) ruled out distress sale, saying that it would wait for the right price for either selling these plots directly or developing them through a joint venture. Talking to ...
EU FTA holds up auto investment

EU FTA holds up auto investment

NEW DELHI: As India looks to sign a free-trade agreement with the European Union, investments in the automobile sector appear to be drying up as companies tighten purse strings on hopes of import duty going lower, enabling them to ship cars at a lower ...
Car sales expected to grow 3-5% in 2013-14

Car sales expected to grow 3-5% in 2013-14

NEW DELHI: Car sales may make a slow recovery this fiscal after a poor run in 2012-13 where volumes fell for the first time in a decade, pulled down by poor economic activity and high interest rates. Society of Indian Automobile Manufacturers (Siam), the ...
Tripura to get first urea plant

Tripura to get first urea plant

AGARTALA: The Oil And Natural Gas Corporation (ONGC) has signed a MoU with Rajasthan-based Chambal Fertilizers & Chemicals Limited (CFCL) and the Tripura government on Wednesday to set up a gas-based fertilizer plant of 1.3 million metric tonne ...
Jyotiraditya Scindia wants change in gas allocation priority

Jyotiraditya Scindia wants change in gas allocation priority

NEW DELHI: Power minister Jyotiraditya Scindia is seeking top priority for generation stations in allotment of domestic gas to save more than Rs 1 lakh crore investments from turning sour as 24,000 mw of gas-fired capacity is idling on account of fuel shortage.