BS Reporter
BS Reporter
Page 796 - Bs Reporter
Housing.com CEO Rahul Yadav withdraws resignation, apologises
He said he's looking forward to 'building an even greater company while working in full harmony with the board'
 "Housing.com CEO Rahul Yadav withdraws resignation, apologises")
CAG raps govt on gas infra
Says inadequacies led to loss of nearly Rs 12,000 cr in fertiliser subsidy over recent years; queries why RIL marketing margin fixed in dollars
 "CAG raps govt on gas infra")
SC issues notice to Centre on selection of top executives at public sector banks
PIL alleges that govt's inviting applications for post of MD and CEO in five PSBs was arbitrary and illegal
 "SC issues notice to Centre on selection of top executives at public sector banks")
BOB cuts base rate by 25 bps, SBBJ by 15 bps
New rates effective May 6; with this, 21 of 91 scheduled commercial banks have reduced base rates
 "BOB cuts base rate by 25 bps, SBBJ by 15 bps")
Except petroleum, no sector saw growth in excise duty collections in FY14: CAG
The CAG also said the arrears towards central excise have been rising since 2011-12
 "Except petroleum, no sector saw growth in excise duty collections in FY14: CAG")
Railway earnings jump 12%, mere 4% rise in freight revenue
Operating ratio improves to 91.8 during 2014-15
 "Railway earnings jump 12%, mere 4% rise in freight revenue")
Rajashree Birla joins Century Textiles board
This comes in the backdrop of Aditya Birla group promoter companies increasing their stake in Century Textiles to around 50%
 "Rajashree Birla joins Century Textiles board")
Greenpeace says facing death by choking
NGO says it has funds to operate only for a month, after govt froze accounts and foreign funding
 "Greenpeace says facing death by choking")
South Indian Bank Q4 net declines 87% to Rs 16 cr
The operating profit in FY15 decreased 7.5% to Rs 816 cr
 "South Indian Bank Q4 net declines 87% to Rs 16 cr")
Kotak Mahindra net up 37.6%
The lender's board approved bonus issue of one share for every share held; net interest income rises 16%
 "Kotak Mahindra net up 37.6%")
Nivea commissions first Indian factory at Sanand
In phase-1, plant's annual capacity is just over 100 mn units, making creams, lotions, shower products and lip care
 "Nivea commissions first Indian factory at Sanand")
Govt hopeful of breaking opposition unity on GST bill
The Lok Sabha is likely to conclude its discussion on the Bill on Wednesday
 "Govt hopeful of breaking opposition unity on GST bill")
Cabinet clears boundary land swap agreement Bill
Bill mentions the enclaves in Assam, West Bengal, Tripura and Meghalaya that are to be transferred to Bangladesh and those to be acquired from the neighbouring country
 "Cabinet clears boundary land swap agreement Bill")
Aberdeen gets MAT relief
Bombay High Court grants interim stay against tax authorities' order
 "Aberdeen gets MAT relief")
Glaring irregularities in agri ministry's flagship programme
CAG finds gross diversion of funds, improper planning, and poor monitoring of Rashtriya Krishi Vikas Yojana
 "Glaring irregularities in agri ministry's flagship programme")
 "Real estate Bill likely to be sent to select committee")
 "LPG subsidy won't be taxable: FinMin")
NIIT reports a loss of Rs. 17.5 crore, owing to client dispute
Reported a 3.9% year-on-year growth in revenues at 611.2 crore
 "NIIT reports a loss of Rs. 17.5 crore, owing to client dispute")
IGATE net profit up 20%
Company says currency volatility continues as a concern
 "IGATE net profit up 20%")
Carrefour's Bengaluru store goes to Metro Cash & Carry
Apart from Bengaluru, the German chain is learnt to be taking up stores that were earlier with Carrefour in Delhi and Meerut
 "Carrefour's Bengaluru store goes to Metro Cash & Carry")