Textile Ministry favours FDI in multi-brand retail
The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail.Contrary to the party’s policy for not allowing FDI in multiband retail, the ministry, in its strategy report for the sector has recommended... read more »
RBI gets tough; says, even guarantor to be tagged as wilful defaulter if ob...
The Reserve Bank of India (RBI) on Tuesday allowed banks to take action against guarantors on a loan, even without exhausting the remedies against the principal debtor, in case of a wilful default. If the principal debtor fails to make repayments, the banker will be able to proceed against the... read more »
Nirbhaya’s nurse alleges gangrape in Punjab, two accused arrested
A nurse, who is posted at Safdarjung hospital and had treated December 16 gangrape victim Nirbhaya was gangraped in Budhlada town of Mansa district of Punjab on Monday. A case has been registered against four persons under sections 376 (rape), 363 (kidnapping), 342 (wrongful confinement) and 506... read more »
Don’t Cancel Bar Licences Yet, Says Supreme Court to Kerala Governmen...
A division bench of the Kerala High Court on Wednesday rejected petitions from bar hotel owners, challenging the government order to close 730 bar hotels in the state. As per the new policy, the UDF government has decided not to renew liquor licence of 418 bars, closed since April this year, and... read more »
Messi back with 2 goals as Barcelona wins opener
Lionel Messi scored twice to help 10-man Barcelona start the Spanish league with a 3-0 win over Elche in the debut of coach Luis Enrique on Sunday, with the Argentina star looking eager to... read more »
Manchester United sign Di Maria for £59.7 million
Manchester United broke the British transfer record when they completed the signing of Argentina midfielder Angel Di Maria for £59.7 million on Tuesday. The 26-year-old, who has 52 caps... read more »
Gold gains 230 on global cues, seasonal demand
Snapping its nine-day losing streak, gold prices recovered by Rs. 230 to Rs. 28,260 per 10 grams in the national capital on Tuesday on a firming trend overseas and emergence of buying by... read more »
M&M, Tata Motors to challenge CCI order
Tata Motors and Mahindra & Mahindra on Tuesday said they would challenge the Competition Commission of India (CCI) penalty on them for violation of trade norms in the spare parts and... read more »
Ratan Tata invests in Snapdeal.com
Ratan Tata, Tata Sons Chairman Emeritus, has invested in online marketplace Snapdeal.com. “Mr. Tata has made a personal investment in the company,” Snapdeal co-founder and CEO Kunal Bahl said.... read more »
