Supreme Court rejects another Sahara bid to release Subrata Roy
Published on Friday, March 07, 2014 5:31 PM
NEW DELHI - The Supreme Court on Friday rejected another proposal by the Sahara conglomerate to secure the release of its jailed chairman Subrata Roy by refunding billions of dollars the company had raised from investors in a now outlawed bond scheme. ...
Sahara Chairman Roy, 65, was arrested last Friday fo
U.S. says ready to do business with BJP's Narendra Modi
Published on Friday, March 07, 2014 2:12 PM
By Sanjeev Miglani
NEW DELHI - The United States would welcome Bharatiya Janata Party's (BJP) prime ministerial candidate Narendra Modi if he wins the upcoming election, a U.S. official said, in the clearest sign Washington will drop a travel ban on Modi imposed after anti-Muslim riots in 2002.
Daimler trucks unit sees profits in India by 2017 - report
Published on Friday, March 07, 2014 2:30 PM
BERLIN - Daimler's trucks division may return to profit in India by 2017 as the weak rupee is proving a boon to exports from the new Chennai factory, Frankfurter Allgemeine Zeitung reported on Friday, citing unit chief Wolfgang Bernhard. ...
"The fall in value of the rupee is an opportunity that allows u
Economic stability in India must include price stability, growth: Chidambaram
Published on Friday, March 07, 2014 5:14 PM
By Rajesh Kumar Singh and Manoj Kumar ...
NEW DELHI - The government has the right to set the country's inflation target, while the Reserve Bank of India's (RBI) role is to implement the decision, Finance Minister P. Chidambaram said in a joint news conference with the RBI governor.
Hail and rain damage crops, delay harvest
Published on Friday, March 07, 2014 1:32 PM
By Rajendra Jadhav and Ratnajyoti Dutta ...
MUMBAI/NEW DELHI - Hail and heavy rain have damaged rapeseed and chickpea crops as they ripen in India's main producing areas in the last 10 days, cutting output and pushing back harvests, government and industry officials said.
The storms hav
Bharti Airtel shares gain; S&P upgrades rating
Published on Friday, March 07, 2014 11:21 AM
Market Eye - Shares of Bharti Airtel rise after Standard & Poor's Ratings Services upgrades the company's ratings, traders said. ...
S&P, late on Thursday, raised Bharti's long-term corporate credit rating to 'BBB-' from 'BB+'.
The rating agency says the upgrad
FIIs mark biggest buy of Indian shares in 2-1/2 months; pump $1 billion in 15 days
Published on Friday, March 07, 2014 10:12 AM
Market Eye - Overseas investors bought Indian shares worth 12.73 billion rupees on Thursday, to mark their biggest daily purchase since December 19, regulatory and exchange data show. ...
Foreign portfolio investors extended their buying streak to a 15th straight day totalling over $1 billion, helping BSE Sensex
Coal India plans to set up power plant citing insufficient connectivity
Published on Friday, March 07, 2014 9:33 AM
By Krishna N Das ...
PANAJI, India - Coal India Ltd, the world's largest coal miner, plans to set up a 1.6 gigawatt power plant by 2015/16 near one of its mines from which coal cannot be shipped and sold due to a lack of rail connections, a company executive said.
The company has often said i
Bajaj Electricals bags orders worth Rs 297.65 cr
Published on Thursday, March 06, 2014 5:58 PM
Bajaj Electricals Limited which has diversified interests in lighting, luminaires, appliances, fans, and engineering and projects announced that it has won three orders worth a whopping Rs 297.65 crore from the Madhya Pradesh Electricity Board for the purpose of substation, transmission and distributio ...