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IRDA's Rs.50 lakh fine on ICICI Lombard

Chennai, Oct 24 : The Insurance Regulatory and Development Authority (IRDA) has fined private non-life insurer ICICI Lombard General Insurance Company Ltd. Rs.50 lakh for various violations, the regulator said.


Aditya Birla Group to enter health insurance business

Chennai, Oct 24 : India's Aditya Birla Group (ABG) has decided to venture into the health insurance sector, joining hands with South African MMI Holdings Ltd.


South Africa depository firm selects TCS product

Mumbai, Oct 24 : South Africa's central securities depository (CSD) firm Strate has selected the software product of Indian IT bellwether Tata Consultancy Services (TCS) for electronic settlement of financial instruments across the country.


HAL setting up MRO hangar for composites

Bangalore, Oct 24 : State-run Hindustan Aeronautics Ltd. (HAL) is setting up a maintenance, repair and overhaul (MRO) hangar for composites used in producing helicopters and aircraft for defence services.


Cognizant wins IT services deal from German firm

Bangalore, Oct 24 : US-based leading IT consulting major Cognizant Friday announced winning a multi-year deal to provide software services to Vorwerk group in Germany.


FDI proposals worth Rs.988.3 crore approved

New Delhi, Oct 24 : The government has approved 20 proposals of foreign direct investment (FDI) amounting to Rs.988.3 crore, an official statement said here Friday.


Online shopping: Why the best price eludes you

New York, Oct 24 : Online shopping is not always transparent and depending on your luck, you may end up paying more for the same product on the same site than what your friends spent, new research shows.


Banks need to fund MSMEs liberally at lower rates: Study

Thiruvananthapuram, Oct 24 : Three-fourth of the country's micro, small and medium enterprises (MSME) do not have any access to institutional finance and time has come for banks to enter long-term financing of these in a vigorous manner, says a new study.


OPEC daily basket price closes lower

Vienna, Oct 24 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.67 a barrel Thursday compared to $81.94 Wednesday, the OPEC Secretariat said.


'Fill top posts in nationalised banks'

Chennai, Oct 24 : With six major nationalised banks remaining headless and a couple of others without executive directors, the All India Bank Employees' Association (AIBEA) has urged the central government to fill up the vacancies.


Murali Lanka is Wal-Mart India's operations chief

New Delhi, Oct 24 : Wal-Mart India Pvt. Ltd Friday announced that Murali Lanka has been appointed its new chief operations officer (COO) to lead store operations and business development.


Sweden-India week to focus on improving business ties

New Delhi, Oct 24 : The eighth edition of Sweden India Nobel Memorial Week begins here Sunday, with a series of seminars and debates focusing on "improving business" between the two nations.


What are aspiring designers tired of hearing

Los Angeles, Oct 24 : Suggestions from friends or family are welcome, but there are a few tips that people should avoid giving to aspiring designers.


25 million boxes of apples sold in Himachal

Shimla, Oct 24 : The apple season in Himachal Pradesh -- the fruit bowl of the country -- is almost over, with over 25 million boxes sold out, an official said Friday.


Indian equities markets start 'New Year' on positive note

Mumbai, Oct 23 : Samavat 2071, marking the start of the New Year, began on a positive note for Indian equities at a special trading session on Diwali day Thursday with a key index gaining some 63 points, or 0.24 percent.


OPEC daily basket price falls again

Vienna, Oct 23 : The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said.


Wipro sees demand environment steady for IT services

Bangalore, Oct 22 : Indian IT bellwether Wipro Ltd is upbeat on growth prospects in this fiscal, as demand environment remains steady for IT services worldwide.


Wipro gives higher IT revenue outlook for Q3

Bangalore, Oct 22 : Indian IT bellwether Wipro Ltd Wednesday projected a higher revenue outlook of $1.83 billion from its global IT services for the third quarter (Oct-Dec) of this fiscal (2014-15).


Wipro gives higher IT revenue outlook for Q3

Bangalore, Oct 22 : Wipro Ltd Wednesday projected a higher revenue outlook of $1.83 billion from its global IT services for the third quarter (October-December) of this fiscal (2014-15).


Wipro Q2 net up eight percent

Bangalore, Oct 22 : Wipro Ltd Wednesday reported net profit of Rs.2,085 crore for second quarter (July-Sep) of this fiscal (2014-15), posting a modest eight percent growth year-on-year (YoY) as per Indian accounting standards.


Israel keen to cooperate with India in all fields

New Delhi, Oct 22 : Israel has conveyed to India its willingness to expand cooperation in all fields and at any level.


Sensex gains 211 points; auto stocks zoom

Mumbai, Oct 22 : A benchmark index of Indian equities markets closed Wednesday's trade up 211.58 points or 0.80 percent on the back of positive global cues and domestic reform process which picked pace with announcements of coal block auctions and diesel deregulations.


Japan keen to develop Andhra's capital city

Hyderabad, Oct 22 : Japan is keen to develop various projects in Andhra Pradesh, including state capital in Vijayawada-Guntur region as a smart city and three power plants of 10,000 Megawatts.


Premium price on non-shallow gas in New Year: Government

New Delhi Oct 22 : Oil exploration companies engaged in deep-water and ultra-deep water discoveries, like Reliance Industries, will have to wait till the New Year for the government to spell out the new formula for their gas prices.


Sensex closes 212 points up; auto stocks rally

Mumbai, Oct 22 : A benchmark index of Indian equities markets closed Wednesday's trade up 211.58 points (provisional) or 0.80 percent as auto stocks surged.


Mobile advertising gathering steam this festive season

By Aparajita Gupta, New Delhi, Oct 22 : Mobile advertising is steadily gathering steam this festive season and is expected to touch Rs.430 crore ($70 million) in 2014. Experts feel that in the coming days mobile advertising will play an important role in driving growth in the digital advertising space.


Himachal's cold desert seed potatoes tingle palates

By Vishal Gulati, Manali, Oct 22 : Virus-free potatoes grown only in Himachal Pradesh's cold desert, which mainly find a market for plantation, are much sought after these days owing to the shortage of table potatoes in the country, trade representatives said.


OPEC daily basket price closes lower

Vienna, Oct 22 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $82.09 a barrel Tuesday compared to $82.37 Monday, the OPEC Secretariat said.


HCL Tech inks IT infra deal with De Beers

New Delhi, Oct 22 : IT services provider HCL Technologies Wednesday announced that the company has signed an IT Infrastructure transformation contract with the De Beers Group of Companies.


FSTC to train Vistara's pilots

New Delhi, Oct 22 : Pilot training FSTC (Fight Simulation Technique Centre) Wednesday said that it has signed an agreement to train pilots of the upcoming Tata-Singapore Airlines' venture Vistara.


E-businesses modernising rail travel in India

By Rohit Vaid, New Delhi, Oct 22 : Gazing at the far-away tracks searching for signs of train arrivals might bring in nostalgic memories as a host of e-companies are providing everything from tracking minute-by-minute locomotive locations to details of taxi availability or the best deals at hotels to make rail journey in India a more pleasant and less taxing experience.


India's 'five sixers' do important business in the Philippines (Diaspora Feature)

By Ranjana Narayan, Manila, Oct 22 : They are known as the "five sixers" in local parlance, are considered virtually indispensable by the locals, but are resented too and, what is more, their numbers are growing. Meet the Indian expatriates from Punjab who have spread out across the hinterland in the Philippines, making a living from "microfinance" - a polite term for money lending.


India's Exim Bank support for Senegal's rice sufficiency project

By Francis Kokutse, Dakar (Senegal), Oct 22 : The Export Import Bank of India (Exim Bank) has offered Senegal $62.95 million through letters of credit (LoCs) to support a rice self-sufficiency programme, deputy managing direct of the bank, David Rasquinha has said.


So, what's your poison this Diwali?

By Mohit Dubey, Lucknow, Oct 22 : Top-of-the-line liquor bottles, including the prohibitively expensive Johnnie Walker Blue Label, packed together are quite popular as gifts this Diwali in this Uttar Pradesh capital.


Odisha expects record rice output

Bhubaneswar, Oct 22 : Rice production in Odisha may climb to 97 million tonnes, an all time high in the state in the 2014-15 financial year owing to good rainfall, an official said here Wednesday.


Sensex surges 215 points; auto stocks gain

Mumbai, Oct 22 : A benchmark index of Indian equities markets Wednesday was trading 215.28 points or 0.81 percent up as auto stocks gained.


Government to amalgamate NSEL with Financial Technologies

Chennai, Oct 21 : The central government Tuesday decided to amalgamate NSEL with its parent Financial Technologies (India) Ltd. (FTIL) to secure the interests of about 13,000 investors of the Rs.5,600-crore fraud-hit company.


Cairn India Q2 net falls 33 percent to Rs.2,278 crore

New Delhi, Oct 21 : Oil and gas major Cairn India reported a 33 percent fall in net profit for the second quarter ending September on back of lower oil prices and production in results announced Tuesday within days of the government announcing the new price for natural gas.


Gold is glittering this Dhanteras

New Delhi/ Chennai/ Mumbai, Oct 21 : Gold glittered this Dhanteras as jewellers experienced good sales driven by better prices compared to last year.


US interested in Tamil Nadu global investors meet

Chennai, Oct 21 : US Charge d'Affairs in India Kathleen Stephens Tuesday called on Tamil Nadu Chief Minister O. Panneerselvam and indicated that companies from her country would be very keen to participate in the Global Investors Meet planned by the state government.


Sundaram BNP Paribas Home Finance to buy loan portfolio

Chennai, Oct 21 : Sundaram BNP Paribas Home Finance plans to buy loan portfolio of smaller home financiers to the tune of Rs.50 crore this year while looking at raising Rs.1,500 crore for business purposes, said a top company official here Wednesday.


India favours democratisation of global affairs of telecommunications: Prasad

New Delhi, Oct 21 : India favours democratisation and broad-basing of the global affairs of telecommunications and internet governance, Information Technology and Telecommunications Minister Ravi Shankar Prasad has said.


Gold is glittering this Dhanteras

New Delhi/ Chennai/ Mumbai, Oct 21 : Gold is glittering this Dhanteras as jewellers are experiencing good sales driven by better prices compared to last year.


Dhanteras pushes demand for mobikes, cars in Bihar

Patna, Oct 21 : Craze for two- and four-wheelers in Bihar is such that many people have made booking for their new cars and bikes to be delivered Tuesday on the occasion of Dhanteras, an auspicious day for purchase.


SpiceJet commences Diwali sales, offers tickets at Rs.899

Gurgaon, Oct 21 : Budget passenger carrier SpiceJet Tuesday launched its "Diwali Dhamaka" sale, with one-way fares starting as low as Rs.899 (including taxes).


Fiat launches CUV Avventura

New Delhi, Oct 21 : Automobile manufacturer Fiat Group Automobiles India Tuesday launched its 'contemporary urban vehicle' (CUV) Avventura priced between Rs.5.99 lakh to Rs.8.17 lakh (ex-showroom Delhi).


Sensex gains 146 points; banks stocks rise

Mumbai, Oct 21 : A benchmark index of Indian equities markets closed Tuesday's trade up 146 points or 0.55 percent as banks, capital goods and metals stocks gained.


Only token gold sales on Dhanteras in Mumbai

Mumbai, Oct 21 : The lower prices of gold have not lured buyers in Mumbai to loosen their purse strings and buy the precious metal on the occasion of Dhanteras, market players said Tuesday evening.


JSW Steel's net profit zooms by 652 percent

Mumbai, Oct 21 : JSW Steel Tuesday reported that its stand-alone net profit zoomed by 652.28 percent at Rs.761.69 crore from Rs.101.25 crore for the quarter ended Sep 30, 2014.


Samsung, Airtel launch integrated digital TV in India

New Delhi, Oct 21 : Airtel digital TV and Samsung Tuesday announced their partnership to launch integrated digital TV (iDTV) in India.


E-business modernising rail travel in India

By Rohit Vaid, New Delhi, Oct 21 : Gazing at the far-away tracks searching for signs of train arrivals might bring in nostalgic memories as a host of e-companies are providing everything from tracking minute-by-minute locomotive locations to details of taxi availability or the best deals at hotels to make rail journey in India a more pleasant and less taxing experience.


Sensex closes 146 points up; bank stocks gain

Mumbai, Oct 21 : A benchmark index of Indian equities markets closed Tuesday's trade up 146 points (provisional) or 0.55 percent as banks, capital goods and metals stocks gained.


OPEC daily basket price closes lower

Vienna, Oct 21 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $82.37 a barrel Monday compared to $83.19 last Friday, the OPEC Secretariat said.


Diesel deregulation to help OMCs: Fitch

New Delhi, Oct 21 : International ratings agency Fitch Tuesday said that deregulation of diesel prices will have a positive effect on the country's three oil marketing companies (OMCs) that are the principal retailers of petroleum products in India.


Jewellers expect better business this Dhanteras

New Delhi/ Chennai/ Mumbai, Oct 21 : It is Dhanteras time again and Indians are ready to splurge on gold. The jewellers expect sales to be 15-20 percent higher Tuesday compared to last year due to better price of the yellow metal.


Top rankings soon from eTailing India, Internet Retailer

New Delhi, Oct 21 : eTailing India, the well-known eCommerce knowledge platform, and Internet Retailer, a global publisher of strategic e-commerce business information, Tuesday announced a partnership to jointly produce the India 100, the first ranking of the largest online retailers in India.


Shoot like a pro this Diwali with DSLR camera

By Somrita Ghosh, New Delhi, Oct 21 : For 22-year-old student Ridhima Shukla, taking pictures like a professional in the run-up to Diwali is pure fun - for she cannot resist capturing the colourful lanterns, diyas and lights that fill the air.


Sensex up 56 points; metal stocks gain

Mumbai, Oct 21 : A benchmark index of Indian equities markets Tuesday was trading 55.77 points or 0.21 percent up as metal stocks gained.


Good karma earns Satya Nadella $11.6 mn in 2014

Washington, Oct 21 : Microsoft's Indian-American CEO Satya Nadella, who stirred a controversy by his remarks that women should trust their karma for pay raises, himself earned $11.6 million in fiscal 2014, not counting $79.78 million in stock awards.


Commerce ministry to address coffee sector's concerns

Bangalore, Oct 20 : Union Minister for Commerce and Industry Nirmala Sitharaman Monday assured stakeholders in the coffee plantation sector of addressing their concerns on priority.


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