CIL sells Rs 550-cr shares towards CPSE's ETF

An ETF basically tracks a particular index and its returns are based on the performance of that index. Coal India  has sold shares worth over Rs 550 crore towards the CPSE's exchange traded fund as part of government's disinvestment programme.The...

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Cos Act, 2013 – Final Rules

Published on Mon, Mar 31,2014 | 20:51, Updated at Mon, Mar 31 at 20:52Source : Moneycontrol.com  The year 2014 has ushered in a new era in corporate governance in India, with the Ministry of Corporate Affairs (MCA) having notified a...

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Sebi can now hike its penalties; police to help in searches

With re-promulgation of the much-awaited Sebi ordinance, the market regulator can now enhance its own penalty against defaulters within three months while it can avail services of police and central government officers for search and seizure operations.These...

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Kalpataru Power bags orders worth nearly Rs 700 crore

The company has secured a contract worth over Rs 350 crore from Power Grid Corporation (PGCIL) to supply and erect 765KV double circuit Solapur-Aurangabad transmission line of 140km in Maharashtra. Kalpataru Power Transmission  (KPTL) today said...

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Weather forecast for the week in India from 31st March to 6th April

The month of April starts with heat wave conditions in eastcentral and some parts of east India, while north India is experiencing pleasant weather conditions with below or near normal day temperatures. In South India, the weather is mostly dry with...

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New companies law: Most provisions to be effective tomorrow

Bringing in changes that will strengthen corporate governance as well as protect investors' interests, most provisions of the new companies law will come into effect tomorrow. Norms for social welfare spending, stringent regulations for related party...

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No decision yet on new bank licences by RBI: EC

According to sources, the matter is still under consideration of the Commission, which met today, and a decision will be taken shortly. Last week, Election Commissioner H S Brahma had said the request would most likely be taken up by the Election Commission...

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Petrol price cut by 75 paise a litre; diesel hike put off

The price of petrol was today cut by 75 paise per litre, the first reduction in five months, while the already unpopular monthly hike in diesel rates was put off during the election season. The reduction, effective midnight tonight, excludes local sales...

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March salary for Sahara staff may get delayed

Under pressure from a long- running investor refund battle with Sebi, the Sahara group has informed its staff that their salaries may get delayed due to prevailing adverse situation, including attachment of its bank accounts. The group is working hard...

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Vice Admiral Nair takes over as Navy Chief of Material

The Flag Officer was appointed as the Assistant Chief of Materiel (Information Technology and Systems) on promotion to Flag rank. Vice Admiral K R Nair today took over as the Chief of Materiel of Navy succeeding Vice Admiral NN Kumar who has superannauted....

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'Chai Pe Charcha': The Modi-London connect

Modi enjoys a great deal of popularity in Britain, even if that cannot translate into votes. In fact his supporters say that it was only after the British government began to deal with Modi that he gained acceptance for leadership support within his...

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Sahara case: Hearing deferred in SC, Roy to remain in jail

On the last date of hearing on March 7, the apex court had asked the Sahara group to come out with "honourable proposal" for depositing Rs 20,000 crores of investors money and posted the hearing on March 11. Sahara group chief Subrata Roy will have...

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See Nifty at 6800-7000 if strong govt comes in: Edelweiss

There is a lot of conviction in the market of a strong government coming in place in the forthcoming elections, believes Vikas Khemani, CEO - Wholesale Capital Markets, Edelweiss Financial Services. Unless some negative news flow comes on this front,...

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Unfavourable weather brings down coffee output

Coffee output for the year 2013-14 has dropped due to unfavourable weather conditions in key growing areas of Karnataka. According to information gathered by the Karnataka Planters Association (KPA) from its members, for the current harvesting season...

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Hinduja Group sells 4.7L IndusInd Bk scrips to group entity

IndusInd Bank shares were bought at an average price of Rs 450 apiece amounting to Rs 21.15 crore, according to block deal information with the stock exchanges. Hinduja Group Ltd today sold 4.70 lakh shares of private sector lender IndusInd Bank to...

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Rupee edges up as shares gain

The index of the dollar against six major currencies trading down 0.04 percent. The rupee was trading at 61.03/04 versus its close of 61.08/09 on Friday, tracking gains in the BSE Sensex and retreating sharply from the day's high of 61.3350. Further...

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CIL officers' strike may impact production by 4mn tonne

The average annual impact on Coal India is around Rs 200 crore for not implementing the wage pact of 2007 in totality, he said, adding the total impact on Coal India would be to the tune of Rs 800 crore annually. The proposed three-day strike by ...

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BSE to move 15 stocks; NSE to move 6 scrips to 'T' Group

Six stocks which will be shifted to the restricted category on both the exchanges include - Excel Infoways, ICSA (India), Omnitech Infosolutions, Paramount Printpackaging, Prime Securities and Tulip Telecom. Leading stock exchanges BSE and NSE have...

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Weather forecast for the week in India from 10th March to 16th March

A look at the weather forecast for India for the entire week: North India - The week is expected to begin on a rainy note for North India. Rain will be moderate to heavy, both in the plains as well as in the hills. Snowfall in Jammu and Kashmir and...

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India Ratings ups outlook on states to stable

The rating agency also has a stable outlook in its rated state-government guaranteed debt programmes and is likely to affirm all other state government guaranteed debt programmes ratings in FY15. Maintaining a stable outlook on state finances next...

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FII investments reach trigger limit in Maruti Suzuki India

With Maruti, the number of companies where 22 percent FII limit has been reached and further purchases will be allowed with prior approval of RBI has increased to 10. Foreign share holding limit in  Maruti Suzuki India has reached trigger limit...

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SBI declares 150% interim dividend

The date of payment of the interim dividend is fixed as April 2 and the dividend warrants will be payable at par at all branches of State Bank of India, irrespective of the amount, it said State Bank of India  (SBI) today announced 150 per cent...

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Stock broker Ketan Parekh sentenced for 2 years

The case relates to cheating committed by Parekh in alleged criminal conspiracy with the then Senior Manager of NRI Cell and Incharge of Safe Custody Department, Bank of Baroda, Mumbai and others. Ketan Parekh, an accused in several cases of stock...

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Weather in major airports in India on 4th March 2014

Indira Gandhi International Airport, Delhi No Delays Shallow fog is expected at the Delhi airport during morning hours.  Temperatures would remain near normal with southeasterly winds blowing. Guru Ram Das Jee International Airport, Amritsar...

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Govt got Rs 18,267cr upfront payment for spectrum

The government today received payment of Rs 18,267 crore, about Rs 30 crore less than the bids received from seven companies in the spectrum auction last month because of unavailability of radiowaves in some parts of service areas. "All companies have...

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Sanofi sues Glenmark over generic filing on cardiac drug

Ireland drug maker Actavis (Watson) has also been sued by Sanofi for its generic application along with Glenmark. French drug maker Sanofi has sued  Glenmark over its generic drug filing on cardiac drug Multaq and CNBC-TV18 reports that this...

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Russia-Ukraine standoff drags mkt; Nifty ends at day's low

It was always going to be a difficult trading session given that tempers have flared up in Russia as well as Ukraine and that was going to trickle down to the global equity markets. Asia was trading in the red when our market opened up but the Shanghai...

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Delhi govt's move to make Aadhaar mandatory challenged

Justice Manmohan observed that the matter is before the Supreme Court and sent the matter to a larger bench of the high court which is likely to hear it on March 7. The Delhi High Court today referred to its larger bench a plea challenging Delhi government's...

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Mcleod Russel buys tea processing factory in Vietnam

In a filing to the BSE, Mcleod Russel India informed that Phu Ben Tea Company Ltd, a step-down subsidiary in Vietnam, has signed an agreement for purchase of a tea processing factory in Vietnam "for a consideration of USD 820,000 plus VAT at the applicable...

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IDBI Bank to divest its stake in SHCIL

IDBI owns 18.9 percent equity in SHCIL, with the other shareholders being IFCI 33 per cent, GIC 14 percent and SUUTI and LIC with 17 percent each. IDBI Bank  today said it plans to sell its part or full stake in Stock Holding Corporation of India...

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