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Business

SC issues notices to Centre, RIL on gas price

The government’s controversial decision to raisethe price of natural gas came under judicial scrutiny with the Supreme Court onMonday agreeing to examine the matter and issued notices to the Centre andReliance Industries Ltd (RIL). A bench headed by Chief Justice P Sathasivam sought response from the Centre and RIL on a PIL filed by CPI […]

Business

PM to meet industry leaders today

Prime Minister Manmohan Singh will meet industry leaders in New Delhi on Monday to discuss a sharp depreciation of the rupee and measures to correct a wide current account deficit as the urrency touched a record low in recent times. The meeting is likely to be attended by CII President Kris Gopalakrishnan, ICICI Bank MD […]

Stock & Share

Sensex down 39 points in early trade

The BSE benchmark Sensex on Monday fell over 39 points in early trade, extending losses for the fourth straight session, due to increased selling by funds ahead of RBI’s policy review Tuesday amid a weak trend in other Asian markets. The 30-share barometer fell by 39.37 points, or 0.19 per cent, to 19,708.82. The index […]

Business

ONGC in pact to explore sharing RIL facility at K-G basin

Indian multinational oil and gas company, Oil & Natural Gas Corp (ONGC) has signed an agreement to explore hiring Reliance Industries’ unutilised production facilities on the east to quickly bring to production its gas finds in the Krishna Godavari basin. ONGC has made nine gas finds in its KG block KG-DWN-98/2, which sits next to […]

Banking

All bank branches to have one ATM before March, 2014: FM

Public sector banks have been asked to set up ATMs in all branches by March, 2014 to enable customers in rural pockets to do banking round-the-clock, Finance Min P Chidambaram has said. Inaugurating the 5999th branch of Punjab National Bank at nearby Tirupattur, he said orders had been issued to all nationalised banks in this […]

Business

FIIs pull out Rs 18,500 cr from Indian capital market in July

Overseas investors have pulled out nearly Rs 18,500 crore (about USD 3 billion) from the Indian capital markets so far this month, amid concerns over the US Fed policy and the depreciating rupee. The outflows as of 26th July were about Rs 12,081 crore (USD 2 billion) from the debt market and Rs 6,394 (USD […]

Business

Coal Min may review CIL performance on 7th Aug

Coal Minister Sriprakash Jaiswal is expected to review the performance of state-owned Coal India Limited (CIL), which has been missing production target, in a meeting likely on 7th August. “The meeting under the chairmanship of Coal Minister Sriprakash Jaiswal to review the performance for Coal India Ltd is likely on 7th August,” a top Coal […]

Business

Global retail giant Walmart stops lobbying with US lawmakers on India-specific issues

Global retail giant Walmart has stopped its lobbying with the US lawmakers on India-specific issues, after continuously seeking their support for about five years to facilitate its entry into the high growth Indian market. The disclosure comes at a time when Indian government is preparing a report to be presented in Parliament next month based […]

Banking

Dena Bank’s Q1FY14 Net Profit up 51% at Rs 189 Cr.

Mumbai : Dena Bank, India’s ‘Trusted Family Bank’, has announced that its Total Business as on June 30, 2013, stood at Rs. 1,59,334 crore as compared to Rs. 1,39,377 cr as on June 30, 2012. Total business increased by Rs. 19,957 crore with a growth of 14.32% on y-o-y basis. Net Profit for the quarter […]

Markets

CapitalVia Global Research Limited

By Research Tem- (Mr. Vivek Gupta- Research Head) Commodity market outlook Gold future were likely to find support at USD1,269.45 a troy ounce, and resistance at USD1,347.85. Gold edged higher on Thursday, staying on track for its third straight weekly gain, helped by a weaker dollar and hopes of a prolonged period of easy monetary […]