India Business News

Airports authority to form joint venture for jet fuel supply

by sulekha news on Mar 26 2013 4:28PM IST

New Delhi, March 26 (IANS) In a bid to provide cheap aviation fuel to domestic airlines, the Airports Authority of India (AAI) Tuesday said it will form a joint venture (JV) with airlines, state-run oil marketing companies and Reliance Industries.

Suspended Goa mines employee held for realtor's murder

by sulekha news on Mar 26 2013 4:28PM IST

Panaji, March 26 (IANS) A suspended mines department employee had masterminded the killing of a small time real estate dealer, who was found dead with his throat slit March 21, Goa Police claimed Tuesday.

SEBI wants laws against chit funds

by sulekha news on Mar 26 2013 4:27PM IST

Kolkata, March 26 (IANS) Worried about mushrooming chit funds, capital market regulator SEBI has urged the central government to formulate laws to set up a single regulator to ensure thay don't dupe investors, an official said here Tuesday.

File FIR in mining scam, HC tells Goa government

by sulekha news on Mar 26 2013 4:10PM IST

Panaji, March 26 (IANS) The Bombay High Court bench in Panaji Tuesday directed the Goa government to file an FIR against over 150 people - including politicians, mine owners and bureaucrats - who have been indicted in the Justice M.B. Shah Commission report.

MIT president meets Maharashtra CM

by sulekha news on Mar 26 2013 2:51PM IST

Mumbai, March 26 (IANS) Massachusetts Institute of Technology (MIT) president L. Rafael Reif Tuesday called on Maharashtra Chief Minister Prithviraj Chavan along with chairman emeritus of Tata Group Ratan Tata.

Illegal Goa mining would have attracted Dawood: CM

by sulekha news on Mar 26 2013 2:27PM IST

Panaji, March 26 (IANS) Chief minister Manohar Parrikar Tuesday said that if illegal mining had continued in Goa, notorious underworld don Dawood Ibrahim would have invested in it, and wondered if anyone had the capacity to arrest him.

SEBI's guidelines soon on share buyback

by sulekha news on Mar 26 2013 2:08PM IST

Kolkata, March 26 (IANS) Capital market regulator SEBI Tuesday said it will "very soon" formulate a guideline on buyback of equity shares and expressed hope that it will also be able to come out with a new insider trading regulations this year.

Kerala bank deposits stand at Rs.220,489 crore

by sulekha news on Mar 26 2013 1:56PM IST

Thiruvananthapuram, March 26 (IANS) Banking activities in Kerala appear to be on the high with key indicators, including the credit-deposit ratio, registering a growth and total deposits standing at Rs.220,489 crore, bankers said Tuesday.

Shunt out Odiya, Bihari mining labourers: Goa legislator

by sulekha news on Mar 26 2013 1:16PM IST

Panaji, March 26 (IANS) Odiya and Bihari labourers hired on contract for Goa's mining industry need to be "shunted" out of the state as the mining ban is forcing them towards crime, Congress legislator Vishwajeet Rane alleged Tuesday.

Sensex trades flat; capital goods, oil and gas stocks plummet

by sulekha news on Mar 26 2013 1:11PM IST

Mumbai, March 26 (IANS) A benchmark index for Indian equities markets was trading flat in the afternoon trade Tuesday as capital goods, oil and gas and realty stocks plummetted.

NRI deposits in Kerala stands at Rs.62,708 crore

by sulekha news on Mar 26 2013 12:35PM IST

Thiruvananthapuram, March 26 (IANS) The bank deposits by non-resident Indians (NRI) in Kerala stood at Rs.62,708 crore till December 2012, bankers said Tuesday.

PPF, small savings rate cuts will hit common people: Mamata

by sulekha news on Mar 26 2013 12:06AM IST

Kolkata, March 25 (IANS) West Bengal Chief Minister Mamata Banerjee Monday described as "disturbing" the cut announced by the central government in interest rates of Public Provident Fund, National Savings Certificates (NSC) and Senior Citizens Savings Scheme run by post offices.

Law to empower Indian street vendors soon: Maken

by sulekha news on Mar 25 2013 10:56PM IST

Bangalore, March 25 (IANS) Millions of street vendors in cities and towns across India will soon be empowered to run their micro level business by law, union Housing and Urban Poverty Alleviation Minister Ajay Maken said Monday.

SJVNL's two mega projects to be commissioned next fiscal

by sulekha news on Mar 25 2013 9:36PM IST

Shimla, March 25 (IANS) Public sector hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL) will commission two more electricity generation projects in next fiscal, a company official said here Monday.

Development work soon in 40 colonies in Delhi

by sulekha news on Mar 25 2013 9:16PM IST

New Delhi, March 25 (IANS) Delhi's Urban Development Minister Arvinder Singh Lovely Monday issued orders to start developmental work in 40 colonies in the city that have been regularised.