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NBCC secures business worth Rs 386.78 cr in August
Published on Thursday, September 3, 2015 6:23 PM

State-owned real estate developer National Buildings Construction Corporation Ltd (NBCC) on Thursday said it has secured total business amounting to Rs 386.78 crore (approx) from various clients in the month of August, 2015. In a filing to the Bombay Stock Exchange, NBCC informed, “The company has secured total business amounting Rs 386 ...

NBCC secures business worth Rs 386.78 cr in August
85850
August services performance strengthens, expected to remain strong: PMI
Published on Thursday, September 3, 2015 6:26 PM

Mumbai, Sep 3 A leading business survey on the performance of services sector on Thursday showed a faster expansion for August 2015, supported by the growth in hospitality and communication industries.

The Nikkei "Services Business Activity Index" for India for the last month stood at 51.8 from July ...

August services performance strengthens, expected to remain strong: PMI
85847
IRB Infra inks deal with NHAI for Rs 2,650 cr road project
Published on Thursday, September 3, 2015 6:17 PM

IRB Infrastructure Developers which is an integrated development and construction company announced that it has entered into a concession agreement with NHAI for a whopping Rs. 2,650-crore project of 6 laning of Agra-Etawah Bypass section in Uttar Pradesh. IRB Infrastructure Developers said in a BSE filing, “The company has now executed ...

IRB Infra inks deal with NHAI for Rs 2,650 cr road project
85846
RBI hires outside talent to boost market nous
Published on Thursday, September 3, 2015 5:04 PM

By Suvashree Choudhury

MUMBAI - The Reserve Bank of India (RBI) has hired a former Nomura algorithmic trader, officials said, taking a rare step to recruit externally as it seeks expertise needed to make India's financial markets deeper and more responsive to monetary policy moves.

Since ...

RBI hires outside talent to boost market nous
85838
‘Holistic approach needed while adding power capacity’
Published on Thursday, September 3, 2015 4:22 PM

Chennai, Sep 3  There is need for a holistic approach while planning to increase the power generation capacity in India, a senior power systems company official said.

M. Rajagopalan, market development director-Middle East and Asia at Wartsila India, said such an approach is needed so that power cuts do ...

‘Holistic approach needed while adding power capacity’
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Keep in abeyance MAT assessment on FIIs/FPIs: CBDT
Published on Thursday, September 3, 2015 3:19 PM

Chennai, Sep 3 CBDT officials have been asked to keep in abeyance the pending minimum alternate tax (MAT) assessment proceedings dating prior to April 1, 2015 relating to foreign institutional investors (FII) and foreign portfolio investors (FPI).

The Central Board of Direct Taxes (CBDT), the apex direct tax ...

Keep in abeyance MAT assessment on FIIs/FPIs: CBDT
85828
Troubled Dubai gold retailer seeks time to repay $136 mln debts
Published on Thursday, September 3, 2015 3:09 PM

By Stanley Carvalho and Tom Arnold

ABU DHABI/DUBAI - A Dubai-based gold and jewellery retailer that defaulted on loans worth about 500 million dirhams ($136 million) has asked banks for time to put together a repayment plan, the company said on Thursday.

Officials of Atlas Jewellery, which ha ...

Troubled Dubai gold retailer seeks time to repay $136 mln debts
85826
Arun Jaitley announces Sebi-FMC merger from September 28
Published on Thursday, September 3, 2015 2:49 PM

The government has said that it has notified the merger of commodities regulator Forward Market Commission with the Securities and Exchange Board of India (Sebi), with effect from September 28, 2015. “A notification to this effect was issued on 28th August, 2015.As a result, FCRA,1952 gets repealed and regulation of commodity derivative ...

Arun Jaitley announces Sebi-FMC merger from  September 28
85824
Jet Airways gains over 2% as board approves Jet Lite merger
Published on Thursday, September 3, 2015 2:40 PM

Shares of Jet Airways rose over 2 per cent on Bombay Stock Exchange (BSE) after the airline's board at its meeting on Wednesday approved a scheme of merger of its loss-making wholly-owned subsidiary Jet Lite (India) Ltd. It may be recalled that in 2007 Jet Airways had acquired Air Sahara. Following the acquisition Air Sahara was renamed a ...

Jet Airways gains over 2% as board approves  Jet Lite merger
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