India Business News

'Curb on gold imports may hit India-South Africa trade'

by sulekha news on May 16 2013 8:15PM IST

Kolkata, May 16 (IANS) India's taking measures to curb gold imports on the back of high current account deficit may impact its bilateral trade with South Africa which is a major exporter of the yellow metal, a South African diplomat said Thursday.

India's gold demands surge 27 percent in January-March

by sulekha news on May 16 2013 7:55PM IST

New Delhi, May 16 (IANS) Demands for gold in India surged 27 percent to 256.5 tonnes in January-March 2013 even though the global demands dropped by 13 percent, the World Gold Council said Thursday.

Saradha scam: Suicides, political spats continue

by sulekha news on May 16 2013 7:45PM IST

Kolkata, May 16 (IANS) The stream of suicides in the wake of the Saradha chit fund scam - the biggest financial racket to hit West Bengal - continued Thursday with a 'ponzi' firm agent found hanging in Jalpaiguri district.

No refills for multiple cooking gas connection holders from June 1

by sulekha news on May 16 2013 7:19PM IST

Mumbai, May 16 (IANS) The public sector oil marketing companies have decided to stop supplies of cooking gas refills to households with multiple connections from June 1 unless they comply with KYC norms, an official said here Thursday.

Norwegian sovereign wealth fund investing $4bn in India

by sulekha news on May 16 2013 7:15PM IST

New Delhi, May 16 (IANS) Norway's sovereign wealth fund, Government Pension Fund Global, is investing $4 billion in India and is focused in the areas of oil and gas, shipping and hydropower, Norway's envoy to India has said.

Saradha scam: Court says time not yet for CBI probe

by sulekha news on May 16 2013 6:15PM IST

Kolkata, May 16 (IANS) Observing that "time has not come" for a Central Bureau of Investigation (CBI) probe into the Saradha chit fund scam, the Calcutta High Court Thursday refused to accept a plea in this regard but said it will consider it after fully hearing the matter.

Sensex range-bound; posts marginal change

by sulekha news on May 16 2013 5:45PM IST

Mumbai, May 16 (IANS) A benchmark index of the Indian equities markets closed flat Thursday, as losses in consumer durables and auto stocks offset gains in realty, healthcare, oil and gas and banking scrips.

Reliance Capital profit surges 77 percent in 2012-13

by sulekha news on May 16 2013 5:05PM IST

Mumbai, May 16 (IANS) Reliance Capital Thursday said its net profit surged by 77 percent to Rs.812 crore ($149 million) in the financial year ended March 31, 2013.

India-Bangladesh meet on border 'haats' put off

by sulekha news on May 16 2013 4:35PM IST

Agartala, May 16 (IANS) A high-level India-Bangladesh meeting on setting up of 'Border Haats' (border markets) along the frontier in Tripura has been postponed due to cyclonic storm 'Mahasen', a state minister said here Thursday.

Jamia VC in expert panel on backwardness

by sulekha news on May 16 2013 4:25PM IST

New Delhi, May 16 (IANS) Jamia Millia Islamia Vice Chancellor Najeeb Jung has been nominated to the expert committee that will prepare a report on backwardness in Indian states, officials said Thursday.

Mercedes launches new GL Class luxury SUV

by sulekha news on May 16 2013 4:20PM IST

New Delhi, May 16 (IANS) German automobile major Mercedes-Benz Thursday launched an all-new luxury SUV (Sports Utility Vehicles) at Rs.77.5 lakh (ex-showroom, Delhi).

Bajaj Auto's fiscal sales up one percent

by sulekha news on May 16 2013 4:18PM IST

New Delhi, May 16 (IANS) Two- and three-wheeler manufacturer Bajaj Auto Thursday reported a marginal increase of one percent in net profit for 2012-13.

Sensex rangebound; realty, banking stocks rally

by sulekha news on May 16 2013 2:05PM IST

Mumbai, May 16 (IANS) A benchmark index of the Indian equities markets was trading rangebound Thursday as losses in FMCG, IT and consumer durables stocks offset gains in realty, oil and gas and banking scrips.

'Fake ration cards being used for Aadhar cards in Goa'

by sulekha news on May 16 2013 2:04PM IST

Panaji, May 16 (IANS) Bogus ration cards, a fact which has been acknowledged by Goa's civil supplies ministry, are being used to acquire Aadhar cards in the state, a civil society group claimed Thursday.

Shah panel members to revisit Odisha May 24

by sulekha news on May 16 2013 1:45PM IST

Bhubaneswar, May 16 (IANS) Members of a commission of inquiry led by retired Supreme Court Justice M.B. Shah will visit Odisha again May 24 to further investigate alleged mining illegalities in the state, an official said Thursday.