BS Reporter
BS Reporter
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Shiv Nadar University increases scholarship fund to Rs 31 crore
The University has also announced two new undergraduate programs in History and Sociology
RBI simplifies rules for credit to exporters
Banks to allow exporters to receive long-term export credit subject to certain riders
 "RBI simplifies rules for credit to exporters")
Snapdeal raises $100 mn, eyes $1bn revenue this year
Investors include Temasek, BlackRock Inc., Myriad, Premji Invest and Tybourne
 "Snapdeal raises $100 mn, eyes $1bn revenue this year")
SKS Trust sells 8% stake in SKS Microfinance
It now has 4.5% stake in the company
 "SKS Trust sells 8% stake in SKS Microfinance")
Five days to go for Modi as PM
President invites the BJP leader to form the next govt; swearing-in ceremony on May 26
 "Five days to go for Modi as PM")
Fernandes attacks IndiGo on twitter for blocking AirAsia's India plans
AirAsia CEO says whatever Indigo 'tries to do to stop us it just makes us stronger and smarter'
 "Fernandes attacks IndiGo on twitter for blocking AirAsia's India plans")
GoAir likely to fly abroad in 2015-16
To fly on international routes, domestic carriers have to have operations for at least five years and their fleet size should be at least 20
 "GoAir likely to fly abroad in 2015-16")
Regulator firm on opposing tariff increase for BSES discoms
Early resolution of Delhi power crisis looks unlikely
 "Regulator firm on opposing tariff increase for BSES discoms")
 "Officials undecided on foreign investment in HDFC Bank")
RBI for 20% credit enhancement by banks to corporate bonds
Move to help funding infra projects; Limit on giving partial credit enhancement will be set at whichever is lower between two
 "RBI for 20% credit enhancement by banks to corporate bonds")
Customer protection code to be mandatory for banks: RBI
Banks to be accountable for mis-selling
 "Customer protection code to be mandatory for banks: RBI")
RBI chief floats policy balloons
Says PSB autonomy from govt would help, needed, thinks aloud on partial banks, financial inclusion
 "RBI chief floats policy balloons")
Shah for CM call in Gujarat
Modi says "I will ensure that you get a better MLA than me"
 "Shah for CM call in Gujarat")
In advanced talks to raise capital, no layoff plan in place yet: SpiceJet
The low cost airline has reported full year net loss of Rs 1,003 cr
 "In advanced talks to raise capital, no layoff plan in place yet: SpiceJet")
BJP-PMO slugfest over @PMOIndia Twitter handle
The account managed by Manmohan Singh's team had 4,000 tweets and 1.4 million followers
 "BJP-PMO slugfest over @PMOIndia Twitter handle")
Narendra Modi: From a poor, small town boy to the centre of power
His journey from Vadnagar to 7RCR will go down in history books as to how a democracy works
 "Narendra Modi: From a poor, small town boy to the centre of power")
Vodafone posts 1st FY profit in India
In 2013-14, India became the third-largest contributor to Vodafone Group's service revenue and operating free cash flow
 "Vodafone posts 1st FY profit in India")
US FDA not happy with Sun Pharma response
In March, the FDA had issued an import alert, banning formulations and active pharmaceutical ingredients from the factory
 "US FDA not happy with Sun Pharma response")
Marks & Spencer plans to go up to 100 stores in India
M&S operates in a joint venture with Reliance Retail
 "Marks & Spencer plans to go up to 100 stores in India")
SKS Microfinance opens QIP issue
It will be worth Rs 400 cr; floor price fixed at Rs 235.06/share