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Regulation

SpiceJet

SpiceJet Denies Being Put on Cash-and-Carry Mode by AAI

SpiceJet Denies its Credit Facility Revoked by AAI Dec 5, 2014
the-goldman-sachs-logo-is-displayed-on-a-post-above-the-floor-of-the-new-york-stock-exchange

India Poised to Grow Faster Than China From 2016, Says Goldman Sachs

Goldman Sachs chief India economist Tushar Poddar expects India's growth to overtake China starting 2016. Structural reforms could provide further impetus. Dec 5, 2014
State Bank Of India

SBI Cuts Interest Rates By 25 Basis Points

SBI has cut deposits with tenure exceeding one year by 25 basis points. Short term deposits see no change. Improved fund liquidity proved beneficial. Dec 5, 2014
Gadhimai Hindu Festival

India to Export Buffalo Meat to Russia; More Products to Follow

In the face of retaliatory sanctions by Russia on EU, India set to benefit from an increase in trade of agricultural and dairy products Dec 5, 2014
Ranbaxy

Ranbaxy Unit at Dewas Plant Slapped With EU Ban for Non-Compliance, Company Sees No Impact

Non-compliance report raises red flag over Ranbaxy's Dewas plant for deficiencies in design and operation of the clean-rooms, controls for preparation of components, leading to ban on exports from one of the units at the plant. Dec 5, 2014
Blast Furnace in India at SAIL Plant - Representational Image

SAIL Floor Price Set at ₹83; Government Lines Up ONGC, CIL and Others

The floor price for the SAIL auction has been set at ₹83 and retail investors will receive 5% discount. Dec 5, 2014
Volkswagen Polo

Delhi To Scrap Cars Over 15 Years In A Move To Reduce Pollution. Will Car Sales Pickup?

The National Green Tribunal banned vehicles older than 15 years off the streets of Delhi, with its unenviable record of being the world's worst polluted city. Will the move help more cars remains to be seen Dec 4, 2014
delhi cars traffic

Green Tribunal Bans Delhi Vehicles Older than 15 Years

In the battle against the smog in Indian capital, National Green Tribunal has banned all vehicles older than 15 years from plying on the streets of Delhi. Dec 4, 2014
Loose Cigarettes replacing the hands of a clock

Cigarette Maker Shares Rise as Proposal to Ban Loose Sale 'Overturned'; ITC up 6%, Godfrey Phillips 10%

Union Health Ministry's proposal to ban sale of loose cigarettes is unlikely to receive inter-ministerial clearance, say sources; cigarette stocks up. Farmers associations lobby hard against the move. Dec 4, 2014
HDFC Bank

Term Deposit Rates Cut By ICICI And HDFC

HDFC and ICICI cut term rates to 8.75% across tenures; base rate remains unchanged. Dec 4, 2014
Blast Furnace in India at SAIL Plant - Representational Image

NDA Disinvestment Agenda Back on Track; SAIL Kicks off Process with 5% Stock Sale

The government disinvestment agenda picks up pace with the sale of 5% of shares in SAIL; ONGC, Coal India and Hindustan Zinc lined up. Dec 4, 2014
Indian Railway

Railway Minister Allays Fears of Privatization

Prabhu makes clear that the railways requires private investment and assured that the State transporter won't be privatized Dec 3, 2014
The Plaza, New York, partly owned by the Sahara Group

Supreme Court Permits Sahara To Sell Properties Valued At ₹ 2,700 crore

Supreme Court grants permission to Sahara for sale of four domestic properties; Sahara to provide details to the court about the '$650mn junior loan' Dec 3, 2014
Gold bars and Swiss Franc

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India. Dec 2, 2014

India, France Agree to 'Finalise' Rafael Deal for 126 Fighter Jets

The deal remains stuck over Dassault's reluctance to accept responsibility for the 108 planes to be built by HAL Dec 2, 2014
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