BS Reporter
BS Reporter
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Modi govt works on bitter price pills
Could mean costlier cooking gas, kerosene, diesel & rail fares; postponing of income tax relief, food security rollout
 "Modi govt works on bitter price pills")
Telecom panel nod to reduce licence fee for VSAT operators
Satellite communications companies will have to pay Rs 10,000 as annual licence fee for each satellite or a hub, instead of Rs 16,000
 "Telecom panel nod to reduce licence fee for VSAT operators")
SKS credit rating upgraded
Company's borrowings stands at Rs 1,456.19 crore as of May 31
 "SKS credit rating upgraded")
Ravi Shakar Prasad accepts DoT proposal on 3G intra-circle roaming
To seek legal opinion on TDSAT order allowing 3G services in circles where operators haven't required spectrum
 "Ravi Shakar Prasad accepts DoT proposal on 3G intra-circle roaming")
Cipla buys Sri Lankan drug distributor for $14 mn
Cipla entered this transaction through its wholly owned subsidiary - Cipla (Mauritius) Ltd.
 "Cipla buys Sri Lankan drug distributor for $14 mn")
Xerox expects over 50% revenue from India to come from services
Expects services business to grow 20-30% while products would grow at 4-7%
83% of global retail CEOs believe their supply chain not optimal
This was stated in a report conducted by PwC titled 'CEO Viewpoint: The Strategic Role of Supply Chain'
Irda allows insurers to deal in derivatives
The regulator said that participants can undertake different types of plain vanilla FRAs/IRS
 "Irda allows insurers to deal in derivatives")
Despite fall in NPAs, asset quality woes persist: Fitch
Efforts to deal with reported NPAs might mean the peak in stressed assets could be lower than the previous estimate of 15% by FY15
 "Despite fall in NPAs, asset quality woes persist: Fitch")
RBI reviewing NBFC regulations: Dy Guv
Development comes in the context of Nachiket Mor Committee & Others
 "RBI reviewing NBFC regulations: Dy Guv")
Liquidity norms credit-positive for banks: Moody's
To promote better liquidity risk management, RBI has encouraged lenders to adopt a ratio higher than the minimum mandated level
 "Liquidity norms credit-positive for banks: Moody's")
Abolish post of revenue secy: Shome panel
Also against retro amendments
 "Abolish post of revenue secy: Shome panel")
Wholesale inflation at 5-month high
Rises on costly food items, fuel & manufactured goods
 "Wholesale inflation at 5-month high")
No union activity during office hours, Air India tells labour leaders
AI is considering steps to bring down the number of recognised unions in the airline
 "No union activity during office hours, Air India tells labour leaders")
Mahindra enters affordable housing with 2 projects
While the first phase will be completed in12 months, the entire projects will be completed in two years
 "Mahindra enters affordable housing with 2 projects")
Congress tears into Modi claim on economy
Speaking to BJP workers in Goa, Modi had attempted to temper high expectations of a magical economic turnaround from new govt
 "Congress tears into Modi claim on economy")
YES Bank shareholders pass all resolutions
Rana Kapoor says that none of his family members will ever be on the bank's board
 "YES Bank shareholders pass all resolutions")