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IndusInd Bank up over 2% as RBI allows F...

IndusInd Bank up over 2% as RBI allows FIIs to buy shares

Shares of IndusInd Bank on Monday surged over 2 percent in morning trade on the bourses after the Reserve Bank on Friday removed the lender from its caution list. RBI in a release on September 4 said it has removed IndusInd Bank from its caution list, allowing foreign investors to buy further... read more »

Diageo may not recover Rs 900 cr loan fr...

Diageo may not recover Rs 900 cr loan from Vijay Mallya co

Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million given to Vijay Mallya-affiliated Watson by Standard Chartered Bank where it had acted as a guarantor in case it is asked to pay up. The world’s largest spirits maker, Diageo, which acquired... read more »

Defence veterans end fast-unto-death, pr...

Defence veterans end fast-unto-death, protests to continue

Defence veterans, who were on fast-unto-death, on Sunday called off their hunger strike following a clarification from Prime Minister Narendra Modi on the voluntary retirement issue, a day after Defence Minister Manohar Parrikar announced the implementation of One Rank One Pension on Saturday. The... read more »

Migrant crisis: Germany to release funds...

Migrant crisis: Germany to release funds to help regions cope

Germany’s coalition government has agreed to spend 6bn euros (£4.4m) to support record numbers of migrants and other measures to deal with the influx. Critics at home have accused Chancellor Angela Merkel of creating a dangerous precedent by opening Germany’s borders. About 18,000... read more »

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Business

Sensex, Nifty surge most in 7 weeks on RBI hopes; rupee gains 0.6%

Sensex gains 136 points during pre-noon session

Mumbai – A benchmark index of Indian equities markets gained 136.33 points or 0.65 percent during the pre-noon trade Friday. Good buying was seen in IT, banking index (bankex) and technology,... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.

IGL hikes CNG price by Rs. 4.50 in Delhi, NCR town...

 In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas,... read more »

Sensex closes flat, bank stocks gain

Asia shares lurch lower, China data darkens mood

Mumbai – A benchmark index of Indian equities markets closed Thursday’s trade 42 points or 0.20 percent up amidst derivatives expiry and buying... read more »

Bitcoin operators shut shops in India amid RBI warning

Bitcoin operators shut shops in India amid RBI warning

A number of bitcoin operators in India have begun suspending their business following RBI’s warning against use of such virtual currencies due to potential... read more »

Air India gets CCEA nod for sale of 5 Boeing aircraft t...

Air India gets CCEA nod for sale of 5 Boeing aircraft to Etihad

New Delhi – Air India can now go ahead with the sale of its five long-haul Boeing 777 aircraft to Etihad Airways, with the government giving its nod to... read more »

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National

Visakhapatnam to be IT capital of AP: Minister

IT Minister Palle Raghunatha Reddy said here on Tuesday that the government’s new IT policy would be announced in 10 days to attract large-scale investments. Single window clearance for new units... read more »

PM Narendra Modi meets Putin, favours broadening o...

Prime Minister Narendra Modi has favoured broadening of the strategic partnership with Russia in nuclear, defence and energy sectors and invited... read more »

Seven kids killed in Madhya Pradesh wall collapse

Bhopal : Seven children were killed when the wall of their tenement collapsed in Madhya Pradesh’s Burhanpur district, police said Monday. The children who... read more »

BSP to support TRAI amendment Bill

BSP supremo Mayawati on Monday said her party will not oppose the appointment of Nripendra Misra as Principal Secretary to the Prime Minister and support the... read more »

Paid news case: Ashok Chavan has reasons to worry

Few months ahead of State Assembly election, former Maharashtra Chief Minister Ashok Chavan caught in a fresh trouble after the Election Commission on Sunday... read more »

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Sports

Wawrinka to play in Chennai Open

Wawrinka beats Berdych in ATP World Tour Finals opener

London – Seventh seed Stanislas Wawrinka of Switzerland stunned fifth-seeded Tomas Berdych in the opening game of the ATP World Tour Finals here Monday. Wawrinka, qualifying for the... read more »

Real Madrid opens soccer school in Azerbaijan

Real Madrid opens soccer school in Azerbaijan

Baku – One of the most famous soccer club in Spain and around the world, Real Madrid, has opened a soccer school here Monday. The opening took... read more »

Warne says Cook’s `negative captaincy` could cost...

Shane Warne says Tendulkar `best batsman of his generation`

London – Former Australian spinner Shane Warne has said that he thinks Alastair Cook’s negative captaincy will be the main reason why England will... read more »

Jadeja fined for using offensive language against Watso...

Jadeja fined for using offensive language against Watson in Bangalore ODI

Sydney – Indian spinner Ravindra Jadeja was fined 10 percent of his match fee for an over-the-top send-off of Shane Watson after taking his wicket in the... read more »

Kohli becomes No. 1 ranked ODI batsman for first time

Virat Kohli is Indian Sportsperson of 2013

Islamabad – India’s Virat Kohli’s outstanding form in one-day internationals has lifted him to the top of the ICC Batting Rankings in ODIs,... read more »

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World

Australia gives $4.7 million for Gaza relief

The Australian government is providing five million Australian dollars (4.7 million $) in urgent humanitarian assistance to Gaza, Foreign Minister Julie Bishop announced on Monday. The Minister said... read more »

New technology tags your Facebook photos based on relationships

Pakistan mob kills woman, girls, over ‘blasp...

A Pakistani mob killed a woman member of a religious sect and two of her granddaughters after a sect member was accused of posting blasphemous... read more »

Gaza residents see no joy in Muslim Eid holiday

One of the most joyous days in the Muslim calendar, the holiday of Eid al-Fitr was marked on Monday by tears and sorrow in the Gaza Strip, left battered by... read more »

UN calls for immediate Gaza truce

UNITED NATIONS: The UN security council has called for “an immediate and unconditional humanitarian ceasefire” in the Gaza war between Israel and... read more »

Malaysia Airlines Crew Reel After Disasters

Kuala Lumpur: Jonathan Takom has been a Malaysia Airlines steward for 16 worry-free years, but after the carrier’s loss of two planes and nearly 30 crew,... read more »

US pilot flushed bullets down plane’s toilet; probe ordered

A United Airlines pilot flushed bullets down a toilet on board a flight to Germany after realising he had brought live ammunition onto the plane, prompting the airline to launch a... read more »

Merkel, Hollande urge Ukraine leader to give rebels self-rule

German Chancellor Angel Merkel and French President Francois Hollande took the rare step of pressing Ukraine’s Western-backed leader to ensure partial self-rule for the pro-Russian... read more »

Pak to install tracking chips in feet of 1,600 terror suspects

For the first time in Pakistan, ‘tracking chips’ will be installed in the feet of 1,600 terror suspects in Punjab province by the end of this month to monitor their movements. The... read more »

Sania, Paes in Wimbledon finals with partners

Sania Mirza creates history to set herself up for her first ever women’s doubles Grand Slam title while seasoned pro Leander Paes is now one win away from his 16th Major trophy as the two... read more »

New Zealand thrash Indian eves in opening T20 International

The Indian women’s cricket team was hammered on all fronts as New Zealand romped to a dominating eight-wicket triumph in their first Twenty20 International today. Put in to bat after New Zealand... read more »

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