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ADB to invest $30 mn in NSL Renewable Power

Part of investment proceeds would be used for 100-Mw Tidong run-of-river hydro power project in Himachal Pradesh

SBI Life Insurance profit up 12% at Rs 622 cr

The company's regular new business premium increased by 19 per cent to Rs 2,618 crore during the year

SC dismisses petition against retail FDI

The govt, said the court, has the authority to make policy regarding FDI and the power in this regard, exercised through the RBI, was valid

IMF pegs FY14 GDP growth at 5.8%

In fact, P Chidambaram had earlier exuded confidence of bringing the growth back to 8% in two years

Saradha due to formal financial system's failure: RBI

KC Chakrabarty was referring to the recent scam which has defrauded people for several thousand crore rupees

Deepak Parekh steps down as IDFC chief, to chair advisory council

He would however continue to be associated with the company as chair of the advisory council

'Health care delivery seeing rapid growth in north India'

The north has begun seeing proliferation of speciality hospitals and healthcare centres, with major players

Vahanvati denies seeing CBI report, let alone changing it

He also denied he has a copy of the report or that he ever saw it

Auction of 839 FM channels for 294 cities approved

Authority to make any other minor change in Request for Proposals would be delegated to the Ministry of Information and Broadcasting

Market looks for signs of policy shift

Though the central bank has reduced interest rates in the past two policy statements, in January and March, it declined to drop the guard on inflation

IDFC net up 57% at Rs 526 cr

Net interest income rose 10% to Rs 643 cr

New India Assurance Rs 844-cr PAT for FY13

The net worth touched Rs 7,737.36 cr growing from Rs 7,057.61 cr in the previous financial year

Canara HSBC OBC maiden profit of Rs 24 cr

The insurer garnered premium income of Rs 1,912 cr in the fiscal, issuing 3,90,974 policies since launch

TTK Health to merge contraceptives biz

The company has received its board approval

TN lines up power projects worth Rs 16,350cr

When fully completed, the state is expected to become power-surplus from a deficit of 4,000 Mw a day at present

United India Insurance to focus on HR

Company is also targeting to achieve around Rs 11,000 crore premium in the current fiscal

Intech signs JV with US-based Halden Group for ERP

The 50:50 JV firm will help Intech enhance its exports of ERP solutions

UPA not adhering to commitment on Dandi heritage path: Modi

The Gujarat CM takes a dig at Central govt for falling back on its promise of constricting a heritage path at Dandi

On Gujarat Foundation Day, Modi shares dream of 'One India, Best India'

Poster boy of Hindutva, one of BJP's priministerial candidates for the 2014 general elections, also takes a dig at his detractors

Claris gets USFDA nod for hypertension drug

The company now has 10 ANDAs approved in its name across six molecules; a total filing of 32 ANDAs across 21 molecules