Business News

India regulators pull J&J plant license on product concerns  

04 May 2013, 11.38 am  |  Source: Reuters

Health officials in India have revoked Johnson & Johnson's license to make cosmetics at a plant outside Mumbai after they discovered the company had u...

It is hard to see growth accelerate above 6%: Chinoy   

03 May 2013, 10.46 pm  |  Source: CNBC-TV18

The India growth story should not be written off, but as of now, even for the optimists, it looks like it will take a while to see the light of day. A...

No clean chit to ICICI, HDFC & Axis Banks: RBI  

03 May 2013, 10.23 pm  |  Source: PTI

The Reserve Bank of India on Friday said it has not given a clean chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering a...

$4m project launched to promote clean energy among SMEs  

03 May 2013, 10.19 pm  |  Source: PTI

The MSME ministry on Friday launched a USD 4-million project in association with the Global Environment Facility (GEF to promote energy efficiency and...

Dynamic provisioning to kick in from end of June: RBI  

03 May 2013, 10.18 pm  |  Source: PTI

The Reserve Bank on Friday said banks will have to implement the dynamic provisioning regime from the end of June in a phased manner, and it will iss...

Murugappa Group to take a call on foray into banking sector   

03 May 2013, 10.18 pm  |  Source: PTI

Diversified business conglomerate Murugappa Group would take a call on its foray into banking services sector over the next couple of months, a top co...

Tighter corporate debt recast norms soon, says RBI  

03 May 2013, 10.06 pm  |  Source: PTI

Worried over the rising instances of loan restructuring, which hit a record high last fiscal, the Reserve Bank of India (RBI) on Friday said it will i...

Jhunjhunwalas buy 25 lakh shares of SpiceJet for Rs 10 cr  

03 May 2013, 9.29 pm  |  Source: PTI

Ace investor Rakesh Jhunjhunwala and his wife Rekha on Friday picked up 25 lakh shares of budget carrier SpiceJet for an estimated nearly Rs 10 crore....

JPC may meet on May 7; could seek another extension  

03 May 2013, 8.43 pm  |  Source: PTI

The Joint Parliamentary Committee (JPC) on 2G scam is likely to meet on Tuesday to decide on the "future course of action" amid possibility of it seek...

Six months jail term for Tata Motors MD Karl Slym  

03 May 2013, 8.24 pm  |  Source: CNBC-TV18

The Chandigarh consumer redressal commission has ordered a 6-month jail term for Tata Motors managing director Karl Slym. ...

RBI Credit Policy: Banks unlikely to cut rates soon, no relief for EMIs   

03 May 2013, 7.58 pm  |  Source: Moneycontrol.com

Banks are in no mood to reduce interest rates anytime soon following a cut in the policy/repo rate by 25 basis points to 7.25 percent. However, a fall...

Air Asia's NOC under consideration: Ajit Singh   

03 May 2013, 7.36 pm  |  Source: CNBC-TV18

Civil aviation minister Ajit Singh on Friday said that the ministry was actively considering Airasia India’s proposal for no objection certificate t...

In case you missed it: Top headlines on RBI policy day  

03 May 2013, 6.04 pm  |  Source: Moneycontrol.com

Evening bulletin brings to you all the key events that made headlines today:...

Q4 numbers hit by delays on Kishanganga Project: HCC   

03 May 2013, 5.54 pm  |  Source: CNBC-TV18

Fourth quarter results have been hit by delays on Kishanganga Project, says Ajit Gulabchand, chairman and MD of Hindustan Construction Company (HCC)....

Boeing agrees to compensate AI for Dreamliner grounding  

03 May 2013, 5.38 pm  |  Source: Reuters

Boeing Co has agreed to compensate state-run Air India for the grounding of 787 Dreamliner passenger jets, the Indian aviation minister said on Friday...

Cash pile of major PSUs at Rs 1.62 lakh cr in 2012-13  

03 May 2013, 5.18 pm  |  Source: PTI

Cash pile of major PSUs like CIL, ONGC and others at Rs 1.62 lakh cr in 2012-13.India's 17 major public sector entities including CILBSE 0.28 %, ONGC,...

Naukri.com biggest contributor to revenues: Info Edge   

03 May 2013, 5.05 pm  |  Source: CNBC-TV18

Info Edge's main source of revenue continues to come from Naukri.com, even though other businesses like other businesses like Jeevansathi.com, the Can...

Cloud computing to dominate SME's ICT spend  

03 May 2013, 4.35 pm  |  Source: Moneycontrol.com

At a time when overall business growth in India has slowed significantly and the national GDP shows only a marginal rise the India small and medium bu...

SUV tax will compel modifying products to meet norm: M&M  

03 May 2013, 4.23 pm  |  Source: PTI

Faced with higher excise duty on its SUV models, homegrown auto major Mahindra and Mahindra today said it will be compelled to consider modifying its ...

High volumes to help sustain Q4 margin ahead: Guj Pipavav   

03 May 2013, 4.10 pm  |  Source: CNBC-TV18

Gujarat Pipavav Port is hopeful to maintain January-March operating margin of 46.5 percent in current quarter as well on the back of continuing high v...

Bafna Pharmaceuticals gets nod from Ghana for Omeran-20  

03 May 2013, 4.10 pm  |  Source: PTI

Bafna Pharmaceuticals has received approval from Ghana to market Omeran-20 capsules used for the treatment of reflux oesophagitis among others....

Better KYC norm compliance needed: RBI on Cobrapost sting  

03 May 2013, 3.28 pm  |  Source: PTI

The RBI today said that its probe into their activities revealed the banks did not follow KYC norms while selling third party products. ...

Deal pipeline strong going into FY14: Hinduja Global  

03 May 2013, 3.25 pm  |  Source: Moneycontrol.com

Hinduja Global Solutions says deal pipeline remains strong, and it is expecting strong growth ahead, since it has addressed issues in the domestic ma...

RBI widens scope for PSL, steeply hikes cap on MSME credit  

03 May 2013, 3.24 pm  |  Source: PTI

The Reserve Bank today announced three changes to the priority sector lending norms and more than doubled the limit for MSME advances to the services ...

Banks not carrying out customer due diligence: RBI  

03 May 2013, 3.12 pm  |  Source: Moneycontrol.com

In the wake of alleged money laundering cases, the Reserve Bank of India (RBI) investigation observed that banks were not carrying out customer due di...

Nomura upgrades Fortis Healthcare to 'buy'  

03 May 2013, 2.09 pm  |  Source: Reuters

Nomura upgrades Fortis Healthcare to "buy" from "neutral", but cuts its target price to Rs 124 from Rs 170, citing recent underperformance and improve...

RBI sets measures to revive banks' priority lending  

03 May 2013, 1.47 pm  |  Source: Moneycontrol.com

In its annual monetary policy statement, the central bank has devised measures for banks in terms of management performance, online applications and c...

Reserve Bank of India: Changes to cash reserve ratio since 1992  

03 May 2013, 1.45 pm  |  Source: Reuters

The RBI cut its benchmark interest rate by 25 basis points on Friday for the third time since January, as expected, as growth slows and inflation ebbs...

Reserve Bank of India: Changes to reverse repo rate since 2001  

03 May 2013, 1.43 pm  |  Source: Reuters

India's central bank cut its benchmark interest rate by 25 basis points on Friday for the third time since January, as expected, as growth slows and i...

Gujarat Pipavav up 8% on reporting robust Q1 nos  

03 May 2013, 11.01 am  |  Source: Moneycontrol.com

Gujarat Pipavav shares rose over 8 percent to Rs 51.80 after it posted an around three-fold jump in its March quarter profit( Q1). While the firm has ...