BS Reporter In New Delhi And Mumbai

Stories by BS Reporter In New Delhi And Mumbai

One-day bank strike: Transactions worth Rs 12K crore affected!

One-day bank strike: Transactions worth Rs 12K crore affected!

Rediff.com   13 Nov 2014

Strike is total, impacts all branches of PSU and private banks. Clearing operation at RBI also hit.

Sikka 'disappointed' over India's current state of IT services sector

Sikka 'disappointed' over India's current state of IT services sector

Rediff.com   13 Nov 2014

More than 100 days as the chief executive of India's second-largest information technology (IT) services company Infosys, Vishal Sikka on Wednesday said he was upset at the sector. He added there was a "better direction" the industry must look to take.

Why is the Vodafone chief concerned about high spectrum price

Why is the Vodafone chief concerned about high spectrum price

Rediff.com   12 Nov 2014

The chief of the British telco's Indian subsidiary, which is the second largest cellular operator in India, also said the recent decisions by telecom authorities have disappointed the sector.

E-auction: Govt finalises formula to calculate coal price

E-auction: Govt finalises formula to calculate coal price

Rediff.com   12 Nov 2014

In one of the first steps towards coal block re-allocation, the government has finalised the methodology to calculate coal price for e-auction and a Cabinet proposal on this is likely to be floated in a fortnight.

After 'Make In India', govt to promote 'Served from India'

After 'Make In India', govt to promote 'Served from India'

Rediff.com   12 Nov 2014

Idea is to bring stakeholders together and explore ways to increase export of services from India.

What SpiceJet is doing to arrest loss

What SpiceJet is doing to arrest loss

Rediff.com   12 Nov 2014

Over the past six months, the airline's fleet has shrunk from 58 aircraft to 48 planes with the carrier returning 10 Boeing 737s to lessors.

Commerce minister sees hope for trade facilitation in WTO talks

Commerce minister sees hope for trade facilitation in WTO talks

Rediff.com   11 Nov 2014

Commerce minister makes strong case for food subsidy to poor.

NSEL investors' forum wants strong action by govt

NSEL investors' forum wants strong action by govt

Rediff.com   11 Nov 2014

In the interview to Business Standard last week, Chary had stated that the government's proposal to merge was unwarranted and that FTIL shareholders did not benefit from higher dividends from NSEL.

New railway minister promises to focus on safety

New railway minister promises to focus on safety

Rediff.com   11 Nov 2014

The 61-year old is credited with initiating big-ticket reforms as power minister, including the Electricity Act of 2003, under then Prime Minister Atal Bihari Vajpayee.

'Jobless growth casts shadow over G20's target'

'Jobless growth casts shadow over G20's target'

Rediff.com   10 Nov 2014

The new Cabinet member says growth cannot come unless all sectors of the economy -- agriculture, manufacturing and services -- expand.

Union Bank to charge customers beyond 8 ATM transactions

Union Bank to charge customers beyond 8 ATM transactions

Rediff.com   9 Nov 2014

After private banks - HDFC Bank and Axis bank - decided to charge own customers for more than five transactions at their ATMs, public sector lender Union Bank of India has also joined the bandwagon.

CBI probes Air India's 68 Boeing aircraft order

CBI probes Air India's 68 Boeing aircraft order

Rediff.com   9 Nov 2014

Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.

Vikram Bakshi wants Rs 1,800 cr for McDonald's JV stake

Vikram Bakshi wants Rs 1,800 cr for McDonald's JV stake

Rediff.com   8 Nov 2014

Vikram Bakshi on Friday offered to sell his 50 per cent stake in Connaught Plaza Restaurants, the joint venture with McDonald's that operates fast-food restaurants in north and east India, for Rs 1,800 crore (Rs 18 billion).

India's forex reserves up by $1.73 billion

India's forex reserves up by $1.73 billion

Rediff.com   8 Nov 2014

The country's foreign exchange reserves rose by $1.73 billion for the week ended October 31 to $315.91 billion, show Reserve Bank of India (RBI) data released on Friday, marking one of the sharpest rises ever.

Avoid whips, threats, I-T dept tells officers

Avoid whips, threats, I-T dept tells officers

Rediff.com   8 Nov 2014

The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.

RBI dashes hopes of a rate cut for now

RBI dashes hopes of a rate cut for now

Rediff.com   8 Nov 2014

Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.

Mamata invites corporates for doing business in Bengal

Mamata invites corporates for doing business in Bengal

Rediff.com   8 Nov 2014

West Bengal Chief Minister, Mamata Banerjee, on Friday invited industrialists to set up base in the state, but cautioned against acquiring land forcefully.

Karnataka goes all out to woo Infosys

Karnataka goes all out to woo Infosys

Rediff.com   7 Nov 2014

State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park.

Little spectrum on offer, next auction could be brutal

Little spectrum on offer, next auction could be brutal

Rediff.com   7 Nov 2014

DoT committee rejects most Trai suggestions for freeing airwaves for sale.

RIL, ONGC among top 30 transparent companies

RIL, ONGC among top 30 transparent companies

Rediff.com   6 Nov 2014

Transparency International, a non-profit organisation fighting against corruption and malpractices, gave Reliance Industries and ONGC ninth and 26th positions, respectively, in its latest report Transparency in Corporate Reporting.