BS Reporter &Amp; Bloomberg

Stories by BS Reporter &Amp; Bloomberg

India Inc's encouraging report card in the June quarter

India Inc's encouraging report card in the June quarter

Rediff.com   9 Aug 2014

India Inc has an impressive report card to show for the first quarter of this financial year.

Snapdeal, Amazon to partner Karnataka for SME marketplace

Snapdeal, Amazon to partner Karnataka for SME marketplace

Rediff.com   9 Aug 2014

The Karnataka government is partnering with two leading e-retailing companies, Snapdeal and Amazon, to create a platform where the small and medium enterprises (SMEs) of the state can sell their products.

Lenders want to oversee Bhushan Steel operations

Lenders want to oversee Bhushan Steel operations

Rediff.com   9 Aug 2014

Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.

Abrupt check-out: Bickson quits as Indian Hotels MD

Abrupt check-out: Bickson quits as Indian Hotels MD

Rediff.com   8 Aug 2014

The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.

No undue advantage given to Reliance Jio: DoT

No undue advantage given to Reliance Jio: DoT

Rediff.com   6 Aug 2014

DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.

Reliance Jio to raise $1.5-bn debt abroad

Reliance Jio to raise $1.5-bn debt abroad

Rediff.com   6 Aug 2014

Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.

Syndicate Bank case doesn't reflect entire PSB system: Rajan

Syndicate Bank case doesn't reflect entire PSB system: Rajan

Rediff.com   6 Aug 2014

Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday cautioned against extrapolating the issue of alleged graft charges in a public-sector bank to the entire public sector banking system.

CBI officers face probe for letting off Bhushan Steel MD

CBI officers face probe for letting off Bhushan Steel MD

Rediff.com   6 Aug 2014

The officers did not arrest Neeraj Singhal despite CBI Director Ranjit Sinha's orders.

RBI's mantra: Save now to spend later

RBI's mantra: Save now to spend later

Rediff.com   6 Aug 2014

Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.

Arvind Gupta named deputy NSA, days after Sandhu quit

Arvind Gupta named deputy NSA, days after Sandhu quit

Rediff.com   5 Aug 2014

The Narendra Modi government on Monday appointed Arvind Gupta, a former Indian Foreign Service officer, of the 1979 batch, as Deputy National Security Advisor. This appointment comes within days of Nehchal Sandhu quitting as deputy NSA, citing personal reasons.

Vijay Mallya gets bail from court for not remitting TDS of Rs 266 cr

Vijay Mallya gets bail from court for not remitting TDS of Rs 266 cr

Rediff.com   1 Aug 2014

The tax authorities have been piling pressure for a long time against Mallya and on Kingfisher Airlines to cough up the dues.

Ranbaxy provisions for settlement with US

Ranbaxy provisions for settlement with US

Rediff.com   30 Jul 2014

The Gurgaon-headquartered drug maker, set to be acquired by another leading domestic company, Sun Pharmaceutical Industries, reported a consolidated net loss of Rs 186 crore for the quarter ended June.

SpiceJet owes over Rs 200 crore to airports, govt

SpiceJet owes over Rs 200 crore to airports, govt

Rediff.com   30 Jul 2014

Airline says can't discuss dues publicly, denies grounding of planes

Reliance Power to buy all of Jaypee's hydropower assets

Reliance Power to buy all of Jaypee's hydropower assets

Rediff.com   28 Jul 2014

Deal comes within days of Abu Dhabi's TAQA pulling out of agreement.

Online clearances for stalled projects

Online clearances for stalled projects

Rediff.com   26 Jul 2014

While 44 per cent of the problems relate to environmental issues, 60-65 per cent under the PMG radar are coal-fired thermal power projects mostly awaiting coal linkages.

Tax tribunal accepts LinkedIn info as proof

Tax tribunal accepts LinkedIn info as proof

Rediff.com   25 Jul 2014

The department found various expatriates were acting as business heads for Indian operations and certain employees were actively involved in concluding sales for the foreign entities of GE in India.

IT hiring growth pegged at 6% in FY15

IT hiring growth pegged at 6% in FY15

Rediff.com   24 Jul 2014

The information technology sector, India's largest private-sector employer with 3.1 million direct jobs, will witness muted hiring activity this year.

Govt eyes N-technology to end vegetable shortage

Govt eyes N-technology to end vegetable shortage

Rediff.com   24 Jul 2014

To curb rising food prices, the Union government is contemplating using large-scale nuclear irradiation technologyfor increasing the shelf life of fruit and vegetables, particularly that of onions and potatoes.

RBI raises FII sub-limit in govt bonds by $5 bn

RBI raises FII sub-limit in govt bonds by $5 bn

Rediff.com   24 Jul 2014

The move is expected to stabilise yields, volatile in the recent past.

Kotak to buy 15% stake in MCX for Rs 459 cr

Kotak to buy 15% stake in MCX for Rs 459 cr

Rediff.com   21 Jul 2014

Kotak Mahindra Bank has decided to buy a 15 per cent stake in Multi Commodity Exchange (MCX) for Rs 459 crore from Financial Technologies India (FTIL).