BS Reporter
BS Reporter
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Congress: BJP playing politics over leader of Opposition
Congress also expressed doubts if Lok Sabha Speaker Sumitra Mahajan's decision on the issue would be fair, as it might be influenced by the govt
Monsoon deficit at 27% of normal: Met office
The previous big drought was in 2009, also due to the El Niño effect
 "Monsoon deficit at 27% of normal: Met office")
Syndicate Bank plans to raise Rs 1,100 cr via QIP
Will lead to dilution in govt's stake to around 62% from 67.4% now
 "Syndicate Bank plans to raise Rs 1,100 cr via QIP")
RBS names Brijesh Mehra country executive
Mehra is currently the head of international banking for India and South East Asia at RBS
 "RBS names Brijesh Mehra country executive")
 "Banks to set ceiling for loans against gold for non-agri use")
TReDS to help MSME finance, says RBI
Will facilitate discounting of both invoices as well as bills of exchange
Govt to dispose of 90% high-value disputed tax cases by March
About 20 per cent or 42,322 cases involve a disputed demand of Rs 10 lakh and above and it has been decided to clear these cases on priority
 "Govt to dispose of 90% high-value disputed tax cases by March")
South Africa's Life Healthcare increases stake in Max Healthcare
The South African hospital operator will invest up to Rs 794 cr in an all-cash deal pegged at Rs 67.50 a share
 "South Africa's Life Healthcare increases stake in Max Healthcare")
Tata Coffee posts 24.9% fall in June quarter profit
Lower profits in the June quarter reflect the lesser quantity of crop available for sale in the plantation business
 "Tata Coffee posts 24.9% fall in June quarter profit")
Sahara can sell assets abroad: Supreme Court
Refuses to release Roy on bail or parole; allows 5% margin in sale consideration over estimated value of assets
 "Sahara can sell assets abroad: Supreme Court")
Delhi to soon get its first farmers' market
The market will be operated under the aegis of the Small Farmers Agri-business Consortium
 "Delhi to soon get its first farmers' market")
FMC to issue net worth, audit norms for warehouses
FMC wants to make this foolproof so that service levels and transparency improve in warehouses, which is must for market confidence
 "FMC to issue net worth, audit norms for warehouses")
Foreign investors raise India bets
However, investor limits a problem for them; sector rotation away from defensives could be hit by limited room in cyclicals
 "Foreign investors raise India bets")
Global tie-up to improve agriculture
The initiative aimed at revitalising global agricultural education, capacity building and technology transfer
 "Global tie-up to improve agriculture")
HC reserves order in Jignesh Shah bail plea
Shah has been in judicial custody for the last 75 days
Cement makers in Telangana rule out price cut
Manufacturers today explained the reasons behind recent increase in cement prices in the light of the purchase holiday declared by real estate developers
 "Cement makers in Telangana rule out price cut")
Slow start to fertiliser sales this year: Murugappa chairman
However, he says current situation isn't as grim as predicted and indications are positive
Govt will not insist on jobs to locals: KCR
Allays fears of industries; asks for jobs that do not need high skills
 "Govt will not insist on jobs to locals: KCR")
Thermax Q1 net profit down 17% y-o-y
Quarter results impacted due to loss in subsidiaries & fall in order book
 "Thermax Q1 net profit down 17% y-o-y")
TUFS saw 90% of applications from Gujarat: Textile Comm
Similarly, the govt is giving 15% capital subsidy & 5% interest reimbursement for brand new shuttleless looms to strengthen the weaving sector
 "TUFS saw 90% of applications from Gujarat: Textile Comm")