Page 469 - Bs Reporter

MCLR effect: Upto 160 basis points may fall in loan rates

It would also lead to small negative impact on net interest margins

Markets close in the red after 4 days of gains

Downward revision of GDP estimate for FY16 cancel the 'Fed cheer' gain

Birla group picks UltraTech and Grasim successors from within

K K Maheshwari would be the next managing director of UltraTech Cement

Domestic air traffic up 25% in Nov

IndiGo retains top spot with 35.5% market share, followed by Jet Airways-JetLite combine (21.3%) and Air India (16.2%)

Air Costa gets nod for national operations

The airline has three Embraer aircraft now and hopes to add another two by February

India's forex reserves increase $408 mn

Foreign currency assets up by $387.7 mn to $329.6 bn

Tea production for 2015-16 estimated to fall by 1.5%

Unfavourable weather conditions and considerable labour migrations have hurt the industry

Enrolment of children in schools providing mid-day meals showing a 'consistent' decline: CAG

The report also pointed out that the mechanism in place for assimilating data on the number of children availing themselves of the scheme was seriously compromised

Govt request for Google user info up 10.5% in H1 2015

In the first six months of 2015, total such requests was 3,087, up from 2,794 from the year ago period

K K Maheshwari appointed as new MD of UltraTech Cement

He replaces O P Puranmalka with effect from April 1, 2016

Volkswagen launches new Beetle at Rs 28.73 lakh

The new Beetle is powered by a turbocharged 1.4L TSI engine and is mated to a 7-speed DSG gearbox

Shriram EPC to convert part of working capital to equity shares

Company's promoters to infuse Rs 100 crore on preferential basis

Royal Enfield's facilities near Chennai are back into full production

Due to the recent rains, the factories were shut and later commenced production with an initial utilisation of 50%

Tata Teleservices to focus on broadening 120,000-km fibre network

Aims to maintain growth momentum in fixed voice and data segments

Markets wipe weakly gains post GDP numbers

Sensex ended 284 points lower and Nifty ended 82.40 points lower, IT stocks biggest losers

Bihar adds maximum mobile subscribers in November

The state added 1.21 mn customers; total GSM subscriber base in the country now stands at 749.13 mn

Cost over-run of 1.07 lakh crore in railway projects: CAG

Says ministry showed 82 projects as 'completed' even as they required Rs 10,832 crore for completion

DSK Motowheels launches Benelli TNT 25 at Rs 1.68 lakh

The 250 cc bike was launched in Chinese market three months ago

Harvard's public health school opens office in Mumbai

It'll be formally launched on Dec 20 at Piramal Tower Annexe, a space provided through a charitable contribution by Ajay and Swati Piramal

Isro's commercial arm Antrix revenue up 17% in FY15

Possiblity of the huge outflow in Antrix issue is remote, says the company