Page 398 - Bs Reporter

Value of Indian rupee pretty reasonable now: Governor Rajan

One should not think of tinkering with the level of the rupee for the sake of achieving any financial objectives, including on the export front, says Raghuram Rajan

Cabinet to take final call on SUC

Trai has proposed a revised formula to include market-determined price and technical efficiency of the band for calculating SUC

Romer to succeed Basu as World Bank chief economist

Paul Romer is a New York University professor and economist and also a director of the Marron Institute of Urban Management

LIC Housing Finance Q1 net profit up 7%

The company posted profit after tax of Rs 407.84 crore for Q1 FY17 compared to Rs 382.13 crore posted in same quarter last fiscal

Era of grey eminence coming to an end: FM

SAT tears into Sebi whole-time member

Directs the market regulator to pay Rs 1 lakh to an appellant within a week

RIL Q1 consolidated net up 18% at Rs 7,113 cr

GRM at 8-year high of $11.5 per barrel

GITL signs transportation agreement with Ramagundam Fertilizers for 20 years

Under the agreement, GITL will supply 2 mmscmd of natural gas from Mallavaram of Andhra Pradesh to RFCL's plant at Ramagundam

LIC Housing Finance Q1 net up 7% at Rs 407 cr

Company made a provision of Rs 92 cr on account of aging of old project loan NPAs

Retail tech startup ShoppinPal raises $1.07 mn from Plug and Play Tech Center and Steelhead Ventures

ShoppinPal will use the funds to get more retailers on board, product development and brand building in India

Biocon launches insulin Glargine in disposable pens in Japan

The Japanese Glargine market is estimated to be around $144 million, Biocon said in a statement

Rejig changes top man at CBSE, days after Irani exit

This new appointment under the human resource development ministry comes soon after Smriti Irani was replaced by Prakash Javadekar as its minister

DCB Bank Q1 net profit at Rs 47 crore

The flat growth was on account of the one-time treasury gain of Rs 10 cr during the quarter

Max India shares hit lower circuit on debut

'Fair value' for Max India, as per a note by Edelweiss, is between Rs 100 and Rs 110 per share

Cyient Q1 net marginally down at Rs 74 crore

Total income from operations grew 14% to Rs 830 cr

Tata Advanced Systems and Bell Helicopter to collaborate for Indian market

Under this agreement TASL and Bell Helicopter will join forces to develop both commercial and government (including military) rotary wing markets in India

Freecharge partners with Shuttl for cashless commute

As per the partnership, Shuttl will also get instant access to millions of wallet users and leverage the payment gateway from Freecharge

Telangana Bar Council urges Governor to hold a meeting of the two chief ministers

The Council wants expedition of the process of bifurcation of the existing high court between the two states

SAP, ISB collaborate to provide mentorship to select startups

The ISB-SAP Social Enterprise Jumpstart will identify five social enterprise startups and provide training, mentorship and access to networks to accelerate growth

Another L&T group subsidiary to hit the market

L&T Technology will file its draft red herring prospectus with market regulator Sebi tomorrow