BS Reporter
BS Reporter
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Irda asks SBI Life to comply with prior order on penalty payment
In violation of Group Insurance Guidelines, Rs 204 cr was paid by SBI Life to 14 Master Policy Holders
 "Irda asks SBI Life to comply with prior order on penalty payment")
IDBI Bank raises Rs 2, 500 cr capital via AT-1 bonds
The bank, in a statement, said the size of its Basel-III-compliant AT-I bonds was Rs 1,500 cr, with an option to retain over-subscription up to Rs 1,000 cr
 "IDBI Bank raises Rs 2, 500 cr capital via AT-1 bonds")
 "Free trade pacts do not distort business: Govt")
Coal auction rules a positive: India Inc
Government has also decided to keep foreign companies out of the auction process
 "Coal auction rules a positive: India Inc")
 "Norms for defence sector companies eased")
 "New norms to make RIL's deepwater blocks viable: BofA ML")
Indian firms' information security spending shrinks: PwC
This despite security breaches resulting in business losses
 "Indian firms' information security spending shrinks: PwC")
 "Reliance partner Niko falls 48%")
 "Voters pick millionaires, graduates in Haryana Assembly elections")
Loan recast hinges on coal supply to steel, power sectors
According to industry estimates, about Rs 3 lakh-crore bank funding is stuck in several companies, which are into infrastructure development, due to deallocation of the coal blocks by the apex court
 "Loan recast hinges on coal supply to steel, power sectors")
Tomar push to allow workers in board meetings
Holds meeting to finalise bill on the issue, but says workers' participation should be voluntary for industry, not statutory
 "Tomar push to allow workers in board meetings")
Idea Cellular Q2 profit up 69%
The growth was on the back of strong subscriber addition and surge in data usage
 "Idea Cellular Q2 profit up 69%")
Tata Autocomp, Katcon enter into JV for exhaust systems
The 50:50 venture will offer solutions for both the hot end and cold end of the exhaust system of vehicles
 "Tata Autocomp, Katcon enter into JV for exhaust systems")
Alembic Pharma Q2 up 25% at Rs 77.27 cr
Company had posted net profit of Rs 61.64 crore for the July- September period of 2013-14
 "Alembic Pharma Q2 up 25% at Rs 77.27 cr")
Pune gets Maharashtra's first American Business Corner
The corner will connect Pune-based companies with US companies interested in doing business together
 "Pune gets Maharashtra's first American Business Corner")
Gujarat hikes salaries of govt employees on fix-pay
The decision will benefit over 100,000 state govt employees
 "Gujarat hikes salaries of govt employees on fix-pay")
CavinKare enters retail business; eyes Rs 100 crore biz
The company would set up 50 Cavin's Parlours in the next three months and by March 2015, these would be 100. It is betting big on dairy products and pickles