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South Mumbai power supply: SC nod for Tata Power to lay network

BEST's resistance to consumers' willingness to switchover to Tata Power was earlier rejected by both MERC and ATE before BEST moved the SC

Varanasi rally issue: DM revoked the permission as an afterthought, says BJP

Party refuses to accept assessment of security issues if Modi were to have addressed rally on Thursday afternoon

Shah, Javalgekar to be in police custody till May 15

According to the police, Shah, former MCX MD Joseph Massey and Javalgekar were the brains behind the NSEL fiasco

HDFC Life-PFRDA hearing postponed

Status quo on licences to remain; PFRDA may not issue letters tomorrow as earlier stated

Union Bank of India Q4 net profit down 27%

The bank's net profit for Q4 of 2013-14 was Rs 789.38 crore

Norms on niche bank licences this year: RBI

This is first time banking regulator considering such an exercise, a departure from present practice granting only universal bank licences

SBI to launch children's savings a/c in 3 months

Earlier this week RBI allowed minors above 10 years to operate savings a/c independently, but left it to banks to fix age and amount caps

Tata Motors arm raises $300 mn

TML Holdings has issued and allotted in principal amount of 5.75% senior fixed rate notes due 2021

Adani's Oz coal mine gets okay

Says plans to start coal exports from Carmichael Coal Mine by 2016-17

A day after Shah's arrest, FTIL shares hit lower circuit

Shares of FTIL closed five per cent lower at Rs 276.7 on the BSE

Sensex futures trading on Dubai bourse gathers steam

Trading in Sensex on DGCX offers NRIs in West Asia an opportunity to bet on Indian markets

Bharat Forge's German subsidiary wins euro 250mn deal

Company is increasing capacity by adding a new press line with all auxiliary equipment including melting which will be commissioned in Jan 2015

Punjab CM seeks hike in rabi crop MSP

Likewise, the agriculture department also sought an upward revision in the MSP of barley from Rs 1,100 to Rs 1,517 per quintal

Honda cars to launch MPV Mobilio next quarter

Company currently sells four models namely the Brio, Amaze, City and CRV in India

Netherlands Development Finance Company offloads entire stake in CUB

Lavender Investments Ltd acquires 2.22 cr shares in Bank for Rs 140 cr

Indian pharma to grow at 20 % CAGR: India Ratings

Export growth to US is also likely to be robust given the large proportion of ANDA approvals received

Exide Life Insurance targets 10% growth in 2014-15

Strong re-branding exercise and an expected turnaround in the economy are spurring the company's aims

Chola MS targets Rs 2,500 cr premium

To focus on health and corporate insurance

Congress opposes shared office space for two states

AP Governor has accepted the recommendation of the official committee to divide the existing Secretariat complex between the two govts