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A view of India Cements building in Chennai. Board of India Cements has approved a proposal to raise Rs. 500 crore through qualified institutional placements or foreign currency convertible bonds to meet capital expenditure needs, a top official said on Friday. File photo
The Hindu
A view of India Cements building in Chennai. Board of India Cements has approved a proposal to raise Rs. 500 crore through qualified institutional placements or foreign currency convertible bonds to meet capital expenditure needs, a top official said on Friday. File photo

Board gives nod to India Cement’s fund raising plan

The performance of India Cements in 2013-14 can be considered to be "satisfactory" by maintaining the capacity utilisation, Mr. Srinivasan said »
Troubled carrier SpiceJet Ltd has paid employees’ salaries for November and cleared dues of fuel companies as of Friday, its chief operating officer said. File photo

SpiceJet submits revival plan to government

Maintaining that there was "no outstanding" as of now with any oil marketing company, he said with 18 operational Boeing aircraft, Spicejet was currently flying 230 flights a day. »
A view of a BPL gallery. Consumer electronic goods maker BPL, which has forayed into the home automation sector, is expecting a business of Rs 500 cores in the next five years from this segment. File photo

BPL eyes Rs. 500 cr. revenue from home automation

Consumer electronic goods maker BPL, which has forayed into the home automation sector, is expecting a business of Rs 500 cores in the next five years from this segment.“Based on the curren... »
NEW DELHI, December 25, 2014

Curbs on gold imports drive smuggling: Centre

The Union government has said restrictions imposed on gold imports to stem the pressure on the Current Account Deficit (CAD) are likely to have led to a substantial increase in smuggling. From Apr... »
KOLKATA, December 25, 2014

Word-of-mouth is bigger influencer in car buying

Contrary to perceptions, potential car buyers in the country do not depend on social media or dealerships during their decision-making process, old-fashioned, word-of-mouth along with car reviews... »
It has been proposed to establish 1,000 MW of grid-connected solar PV power projects
CHENNAI, December 25, 2014

Centre’s Rs.5,800-crore investment plan, a big boost to solar power

Even as the solar power industry is expecting more favourable policy and funding support in the upcoming Union Budget, Central Government’s proposed spend to the tune of Rs.5,800 crore in solar se... »
Prime Minister Narendra Modi pays floral tribute to the statue of Madan Mohan Malaviya, in Varanasi on Thursday.
Varanasi, December 25, 2014

Modi rules out privatisation of Railways

Prime Minister Narendra Modi on Thursday categorically ruled out any plans to privatise Indian Railways, but said he was committed to bring in huge investments, domestic as well as foreign, to ens... »
Mumbai, December 25, 2014

Sumitomo Mitsui to pick up stake in Reliance Cap

Sumitomo Mitsui Trust Bank Ltd (SMTB) of Japan has agreed to pick up 2.77 per cent stake in Anil Ambani-led Reliance Group company, Reliance Capital Ltd., for Rs.371 crore. Reliance Capit... »
Mumbai, December 25, 2014

Reliance Industries inks pact with Mitsui O.S.K. Lines

Reliance Industries Ltd (RIL) has signed agreements with Mitsui O.S.K. Lines Ltd (MOL), one of the world’s largest and reputed shipping companies, to handle transportation of liquefied ethane from... »
From left: Minister for Chemicals and Fertilizers Ananth Kumar, Minster of State for Petroleum and Natural Gas Dharmendra Pradhan and Minister of State for Power, Coal and New and Renewable Energy Piyush Goyal at a press conference in New Delhi on Wednesday. Photo: Kamal Narang
NEW DELHI, December 25, 2014

Four PSUs sign JV pacts to revive Talcher fertilizer facility

Coal India Ltd. (CIL), the world’s largest producer, and state gas utility GAIL India Ltd., on Wednesday, signed agreements to invest Rs.9,000 crore in a plant to convert coal into gas and use thi... »
CHENNAI, December 24, 2014

Fertilizers firms wants naphtha at export parity price

The Ministry of Petroleum through the Department of Fertilizers has asked fertilizers firms in the South to contact their naphtha supplier to arrive at a mutual consensus for fixing the feedstock... »
NEW DELHI, December 24, 2014

A turnaround year for four-wheeler industry

A steady improvement in consumer sentiment and extension of excise duty cuts helped put the four-wheeler industry on recovery path this year. But even as sales are yet to stabilise, experts... »
New Delhi, December 24, 2014

Govt. considering cap on maximum economy air fare

Government is considering capping economy air fares at Rs. 20,000 to check airlines from charging “exorbitant” fares or unleashing predatory pricing, affecting their own financial health.... »

Pay extra for making calls using Airtel’s mobile internet

RIL to give up KG basin gas discovery block

Cabinet approves easing FDI norms for medical devices sector

Foxconn told to open plant

Merc, Audi steal the show in luxury segment

U.S. economy grew at fast 5 per cent annual rate in Q3

Alstom to pay $772 m to settle bribery charges in U.S.

Deadline to exchange pre-2005 notes extended till June 30

IOC to invest Rs. 6,800 crore on capacity expansion

The Plant Protection Code (PPC) is a comprehensive document, developed by
the Tea Board, which lays down the manner in which chemicals are to be used safely in tea cultivation.
KOLKATA, December 25, 2014

Tea industry fears hurdles to PPC implementation

Sensing several challenges in the way of implementation of the Plant Protection Code (PPC) from January 1, 2015, the Consultative Committee of Plantation Association (CCPA), the apex body of plant... »
CHENNAI, December 25, 2014

Salem Steel’s bid to increase sales

Excess supply, fluctuating nickel prices, and dumping of stainless steel by China have dented the competitiveness of domestic stainless steel manufacturers, including the Salem Steel Plant (SSP). »
New Delhi, December 25, 2014

RINL IPO deferred

As RINL is still assessing damage caused by recent Hudhud cyclone to its plant at Visakhapatnam, the government has decided to defer the initial public offer (IPO) of the state-owned steel company... »
Beleaguered budget carrier SpiceJet would submit a revival plan to the government tomorrow on the basis of a proposed investment of $200 million from founding promoter Ajay Singh and U.S.-based JP Morgan Chase, official sources said on Thursday. File photo
New Delhi, December 25, 2014

SpiceJet to submit revival plan on Friday

Beleaguered budget carrier SpiceJet would submit a revival plan to the government tomorrow on the basis of a proposed investment of $200 million from founding promoter Ajay Singh and U.S.-based JP... »
New Delhi, December 25, 2014

Snapdeal, India Post partner to bring weavers online

Online marketplace Snapdeal has partnered India Post to jointly work on bringing thousands of weavers and artisans from Varanasi through its website. Snapdeal has launched a pilot with Indi... »
NEW DELHI, December 25, 2014

S. Bhattacharya appointed Coal India CMD

Senior IAS officer S. Bhattacharya has been appointed as the Chairman and Managing Director of Coal India Ltd. (CIL).The coal major was without a full time chief for the past six months.»
HYDERABAD, December 24, 2014

Canadian importers to quarantine products from DRL, IPCA facilities

Canadian importers have decided to quarantine health products from Dr. Reddy’s Laboratories’ (DRL) unit in Srikakulam in Andhra Pradesh, as well as IPCA Laboratories’ Pithampur facility near Indor... »
Kishore Das
CHENNAI, December 24, 2014

Yamaha plays a new tune with Musee Musical

Even as the city is in the grip of a music fever with a host of Sabhas organising carnatic concerts all through the day in this Tamil month of Margazhi, a new collaborative tune is set for... »
NEW DELHI, December 24, 2014

CPI(M) urges Pranab not to sign ordinances

Within hours of the Cabinet deciding on Wednesday to promulgate an ordinance to raise the FDI cap in the insurance sector to 49 per cent, the Communist Party of India (Marxist) urged the President... »
Mumbai, December 24, 2014

Sensex sheds close to 300 points

The benchmark BSE Sensex on Wednesday slumped by nearly 300 points to end day’s trade at 27,208.61 due to heavy profit-booking, chiefly in IT, oil & gas and power shares, ignoring governmen... »

Maruti set to record highest sales ever in 2014

Country can no longer wait for reforms: Jaitley

Mutual funds log Rs. 1.3 lakh crore inflows in April-November

Air India deploys larger planes to counter rising domestic fares

GIC arm to acquire 34.2 % in Nirlon, to make open offer

Experts feel some provisions in coal block auction may be violative of CVC norms

‘At this point in time we don’t want irksome statements that divert attention from the economy agenda’

UltraTech to acquire Jaypee’s cement units for Rs.5,400 cr

Commodity prices

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