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Monthly News July 2014

I am an Indian, will remain one for life...

I am an Indian, will remain one for life: Sania

Two-time Grand Slam winner Sania Mirza says she is an Indian and will remain one for her life. “It hurt me that so much precious time of the prominent politicians and the media is being wasted on a petty issue of me being appointed the Brand Ambassador of my State of Telangana,” Sania said in a... read more »

L&T Tech unveils growth plans

L&T Tech unveils growth plans

L&T Technologies Services, a wholly-owned subsidiary of Larsen & Toubro (L&T), has unveiled plans to achieve revenue of $1 billion and be one of the world’s top technology service providers. The company plans to achieve this target by focusing more on markets such as Japan, the Middle... read more »

Aadhaar is adequate to open a bank account: RBI
RBI slaps fine on 12 banks in Deccan Chr...

RBI slaps fine on 12 banks in Deccan Chronicle case

The Reserve Bank of India, on Friday, imposed a monetary penalty on 12 banks for violating central bank rules in the case of Deccan Chronicle Holdings. The central bank has imposed a penalty of Rs.40 lakh on ICICI Bank and Rs.15 lakh each on Axis Bank and IDBI Bank. A penalty of Rs.10 lakh each has... read more »

Ashok Leyland reduces net loss in Q1

Ashok Leyland reduces net loss in Q1

Ashok Leyland has reduced its net loss to Rs.48 crore for the quarter ended June 30, 2014 when compared with a net loss of Rs.142 crore in thea year-ago period, on the back of better operating profit. Net sales of the company were up five per cent at Rs.2,435 crore when compared with Rs.2,313 crore... read more »

Access to govt. health care services poor, says report

A new privately-funded, first-of-its-kind National Health Care Survey 2013 has found that awareness of government health and nutrition schemes is low and their utilisation even lower. The... read more »

India rescues 58 more nurses from troubled Iraq

India has rescued 58 Indian nurses from violence-hit Iraq in an “extremely difficult” operation, days after rescuing 46 Indian nurses who were in the control of the Sunni jihadists in... read more »

Aircel partners Micromax for 3G music phone

Aircel in association with Micromax, on Wednesday, announced the national roll-out of Canvas Beat to strengthen its 3G portfolio. Talking to newsmen Aircel Strategic Business Unit Head K.... read more »

Premji: Wipro is focussed on profitable growth, enhancing shareholder value

Days after landing one of its largest contracts and closing an acquisition deal, Wipro chairman Azim Premji told shareholders that the company would remain focussed on making organic and... read more »

Cabinet clears 49% FDI in insurance with Indian control

The Cabinet on Thursday approved 49 per cent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters. “The Cabinet Committee on... read more »