BS Reporter
BS Reporter
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'Wealth of billionaires could eliminate poverty in India'
An Oxfam report blamed tax havens abroad as a reason behind rising inequality in India
 "'Wealth of billionaires could eliminate poverty in India'")
Spectrum allocation: Telcos meet DoT officials
Operators raise the issue of delayed spectrum allocation, possible temporary disruption of services in Delhi and Kolkata
 "Spectrum allocation: Telcos meet DoT officials")
Prime minister likely to invite top bureaucrats for 'Diwali tea'
The setting is expected to be less structured than Modi's introductory mega meeting with top bureaucrats soon after taking charge as PM
 "Prime minister likely to invite top bureaucrats for 'Diwali tea'")
2G money laundering case: Charges against 19 accused
The accused include former telecom minister A Raja and DMK chief Karunanidhi's wife & daughter
 "2G money laundering case: Charges against 19 accused")
India Inc wish list for CM Fadnavis
CII says the industry expects Maharashtra to undergo a transformational change with the new BJP govt
Petrol price cut by Rs 2.41 per litre, diesel by Rs 2.25 per litre
This was the sixth consecutive price cut for petrol since August
 "Petrol price cut by Rs 2.41 per litre, diesel by Rs 2.25 per litre")
Fiscal deficit reaches 83% of budget estimates in H1 FY15
Budget had estimated fiscal deficit to be Rs 5.31 lakh crore or 4.1% of GDP
 "Fiscal deficit reaches 83% of budget estimates in H1 FY15")
Roy's Tihar stay costs Sahara Rs 31 lakh
Charges include those for air conditioning and services such as phone, internet and video conferencing
 "Roy's Tihar stay costs Sahara Rs 31 lakh")
Union Bank Q2 net up 78% at Rs 371 cr
Net interest income up 6.7% to Rs 2,085 cr, gross NPA at 4.69% of advances
 "Union Bank Q2 net up 78% at Rs 371 cr")
Forex reserves up $495 mn
Gold reserves remained unchanged for the week at $20.01 billion
Appointment of 8 public bank CMDs by Nov-end
The final selection will be made by the appointment board on the weighted average marks given by the sub-committees
 "Appointment of 8 public bank CMDs by Nov-end")
From today, free ATM use capped at 5
Strap-Except SBI all other major lenders have not levied charges
 "From today, free ATM use capped at 5")
Karnataka Bank net up 3 times to Rs 88 crore in Q2
Total income grew 11% to Rs 1,278 crore as against Rs 1,152 crore a year ago
 "Karnataka Bank net up 3 times to Rs 88 crore in Q2")
IDBI Q2 down 38% on huge contribution low earning RIDF
Net interest income down 5% to Rs 1,406 cr; net interest margin falls to 1.93% from 2.17%
 "IDBI Q2 down 38% on huge contribution low earning RIDF")
IDFC plans to treble headcount in next 11 months
Firm gets set to start banking operations from Oct 2015, bulk of recruitments to start in April
 "IDFC plans to treble headcount in next 11 months")
Workers of HUL protest over wages outside head office
Company says talking to unions
 "Workers of HUL protest over wages outside head office")
NTPC profit declines 16% but power output grows
For Q2 FY15, the unaudited profit after tax was Rs 2,071.63 cr as against Rs 2,492.90 cr for the corresponding quarter in the previous year
 "NTPC profit declines 16% but power output grows")
Mahindra profit skids 4% as monsoon deficit, festive discounts take toll
Growth in tractor and utility vehicle sales remained flat during the quarter
 "Mahindra profit skids 4% as monsoon deficit, festive discounts take toll")
GAIL second quarter net up 42%
Total income rose marginally to Rs 14,129.7 cr
 "GAIL second quarter net up 42%")
ITC net increases 9% on cigarette price rise
Analysts say sales do not give true picture as figure distorted by excise duty bump
 "ITC net increases 9% on cigarette price rise")