Essar Eng non-executive directors quit ahead of delisting

Chairman Prashant Ruia and Vice Chairman Ravi Ruia, along with non-executive directors Sattar Hajee Abdoula, Philip Aiken, Subhas Lallah, Steve Lucas and Simon Murray, have resigned with immediate effect ahead of Essar Energy's delisting next month....

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Modi landslide win may bring IPOs back to table

Narendra Modi's landslide election win is set to trigger billions of dollars in share sales by Indian companies riding market optimism, but big-ticket IPOs may have to wait until the new leader proves he can deliver on promised reforms. Indian stocks...

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DoT issues letter of intent for unified licence to Airtel

An UL, which is not bundled with spectrum, enables a firm to provide technology neutral telecom services. The company will have to submit money within a month of getting LoI for new licence. As per the guideline, the one-time entry fee for UL is Rs 15...

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Nahar Industrial Enterprises' board to consider dividend

Nahar Industrial Enterprises board meeting will be held on May 28, 2014, to consider and approve the Audited Financial. Results of the Company for the year ended on March 31, 2014 and to consider & recommend the dividend, if any, for the financial...

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Eins Edutech's board meeting on May 26, 2014

Eins Edutech baord meeting will be held on May 26, 2014, to transact the discuss and approve the proposal of reformation of Audit Committee of the Company. To review the business matters of the Company. Eins Edutech Ltd has informed BSE that a meeting...

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ICICI Bank announces cut in home loan rates

ICICI Bank will offer home loans of up to Rs 75 lakh at 10.15 percent, the same rate as SBI, between May 15 and June 30. ICICI Bank , the largest private sector lender, has announced a 0.10 percent reduction in home loan rates for a limited period,...

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Tejpal gets SC relief but fails to attend mom's cremation

Tejpal is lodged in Sada sub-jail, 40 kms from here, in connection with a rape case. Shakuntala Tejpal (87), who was suffering from brain tumour, passed away last evening at Tarun's residence at Moira village in North Goa. Tehelka founder editor Tarun...

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CCI again finds Coal India violating competition norms

The latest ruling on a batch of complaints come a few months after the Competition Commission of India (CCI) slapped a Rs 1,773.05 crore penalty on Coal India and its subsidiaries in December last. Finding  Coal India again guilty of abusing...

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RBI allows LLPs to carry out financial commitment abroad

"On a review, it has been decided to notify a Limited Liability Partnership as an 'Indian Party'. Accordingly, an LLP, may henceforth undertake financial commitment to/on behalf of a JV/WOS abroad," the Reserve Bank said in a notification today. The...

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Weather alerts for India on 19th May

According to the latest weather update by Skymet Meteorology Division in India, here are the weather alerts issued for different parts of the country on 19th May: Weather alert for Chhattisgarh issued at 17:07 Hrs Light to moderate rain and thundershowers...

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Orchid Chemicals posts Rs 81 cr loss for Jan-Mar

Net sales of the company, however, rose to Rs 448.45 crore for the quarter, compared to Rs 268.15 crore during the same period of previous fiscal, it said in a filing to the BSE. Orchid Chemicals & Pharmaceuticals  Monday posted a net loss...

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High voter turnout in last lap of LS polls

In Bihar's six seats, the percentage was recorded at 58. It was 44.3 in 2009. In Varanasi, where BJP's Prime Ministerial candidate Narendra Modi is pitted against AAP leader Arvind Kejriwal, the turnout was recorded at 55.34 percent. It was higher than...

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Post-poll survey: BJP to sweep MP, Guj, Rajasthan, Maha

There is more good news for the BJP from western and central parts of India. The BJP is likely to sweep Maharashtra, Gujarat, Madhya Pradesh, Rajasthan and Chhattisgarh and firmly push the Congress to a distant second according to the CNN-IBN-CSDS-Lokniti...

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Cabinet likely to ratify 4.66% stake sale in BHEL

The proposal for post-facto approval for BHEL disinvestment is on the agenda of Tuesday's meeting of the Cabinet Committee on Economic Affairs (CCEA), sources said. The Cabinet is likely to ratify Tuesday the decision to sell 4.66 percent stake in...

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Voda: FinMin moves Cabinet for withdrawing from peace talks

Vodafone in a letter to the Revenue Department dated March 13 had stated they saw no merit in reviewing the matter of conciliation in the Rs 20,000-crore capital gains tax dispute case after receipt of the decision of the ITAT. The Finance Ministry...

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Top ten hottest places in India

According to the latest weather update by Skymet Meteorology Division in India, east Uttar Pradesh and Bihar were the hottest in the country. Dry and hot westerlies have kept the mercury levels high in the region. Orai in Uttar Pradesh was hottest...

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Morgan Stanley sees economy crossing $5 tln by 2025

"If our projections were to come to fruition, the economy would pass the USD 5 trillion mark, a feat that has been achieved by only the US and China thus far and would make India the fifth largest economy (from 10th currently) in the world," it added....

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Post-poll survey: TMC dominates WB; BJD leads in Odisha

In eastern part of India comprising of West Bengal, Odisha, Jharkhand, Assam and Odisha where the BJP is not very strong, it is the regional parties who are doing very well. It is only in Jharkhand where the BJP is expected to emerge at the top according...

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Post-poll survey: Modi-powered BJP set to sweep UP, Bihar

The two most crucial states for the BJP in the 2014 Lok Sabha elections are Uttar Pradesh and Bihar where the party had put in all its might to win the maximum number of seats in its bid to form the next government at the Centre. BJP prime ministerial...

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Highest polling recorded in Lok Sabha elections 2014

While 58.19 percent polling was recorded in 2009, the Lok Sabha elections in 2004 saw 56.98 percent voting. In real terms, according to the Election Commission data, 55.13 crore voters exercised their voting rights this time as aganst 41.73 crore voters...

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CBI court allows Nusli Wadia to depose in murder case

The court had in 2003, charged Kirti Ambani and others for criminally conspiring to murder Nusli Wadia 1988-89. More than two decades after a case was filed to investigate a conspiracy to murder  Bombay Dyeing group chairman Nusli Wadia, the...

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Sebi proposes new listing disclosure requirement norms

To enhance enforceability of various regulatory provisions by listed firms, Sebi today proposed a new set of rules that would require greater disclosures by the companies and give more powers to stock exchange to check any non-compliance. The proposed...

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USFDA, CDSCO join hands to hold workshops for pharma cos

The Indian drug industry has been on the wrong side of the USFDA in the recent past. While the FDA has increased its presence and vigilance in India, it is also engaging with the industry on training. In its first ever such engagement, the USFDA and...

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Asian Paints closes Bhandup plant in Mumbai

The company had offered a voluntary retirement/separation scheme along with an alternate option of relocation to its other factories/establishments to all workmen of the Bhandup plant. Asian Paints  today said it has closed down its oldest plant...

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Pantaloons Q4 loss at Rs 70.75cr

For the financial year 2013-14, Pantaloons' net loss increased to Rs 187.73 crore. It was Rs 68.89 crore in 2012-13 fiscal. Aditya-Birla group firm  Pantaloons Fashion & Retail Ltd has registered net loss of Rs 70.75 crore in the fourth quarter...

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Credit Analysis Research gets nod to up FII stake limit

FII shareholding in the company was 15.66 percent as of March 31, 2014, according to the BSE data. The Reserve Bank has allowed  Credit Analysis & Research to increase FII shareholding limit up to 74 percent of the paid up capital of the...

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Top Ten Hottest places in India

According to the latest weather update by Skymet Meteorology Division in India, Rentachintala in Andhra Pradesh was the hottest place in the country on Sunday. Malegaon and Jalgaon in Maharashtra remained on second and third spot in the list of top...

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Care warns of rising bank credit to realty, MSME sectors

Stating that industrial slowdown has forced banks to lend to riskier sectors like realty and small businesses, Care Ratings today called for a closer monitoring of such loans to avoid problems in the future. Stating that industrial slowdown has forced...

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BSE, NSE to move 72 stocks to restricted trade from May 9

"Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed," the exchanges said. Leading stock exchanges BSE and NSE have decided...

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Nifty may see 5800-6100 if NDA gets sub 220-230 seats: UBS

The first and best scenario is a number closer to the 272 mark or more which would mean a majority for the Modi led government. According to UBS, this could lead to near-term euphoria with the Nifty rallying upto 7800. Low volumes and range-bound...

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