BS Reporter
BS Reporter
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Nalco posts over Rs 7,200 cr turnover
Metal production falls marginally in 2012-13
 "Nalco posts over Rs 7,200 cr turnover")
Cyprus finance minister Michalis Sarris resigns
Details awaited...
 "Cyprus finance minister Michalis Sarris resigns")
RBI redefines core investment firms' rules on entry into insurance
To set up a JV company for undertaking an insurance business with risk participation, CIC should have minimum owned funds of Rs 500 cr
 "RBI redefines core investment firms' rules on entry into insurance")
5 Maharashtra cities replace Octroi with local body tax
Traders observe bandh to protest the LBT regime
Good job is the best form of inclusion, says Rajan
Says as a country, we need more investment, more savings, and less consumption
 "Good job is the best form of inclusion, says Rajan")
Core sector output down 2.5%, first fall since 2005
The eight sectors, which have 38% weight in the IIP, grew 3.1% in January
 "Core sector output down 2.5%, first fall since 2005")
Manufacturing PMI at 16-month low
In March, the PMI stood at 52 points, against 54.2 in Feb and 53.2 points in Jan
 "Manufacturing PMI at 16-month low")
'ECB norms for HFCs likely to be reviewed'
Government and Reserve Bank may relax norms for paid-up capital and net-owned funds
 "'ECB norms for HFCs likely to be reviewed'")
Deposit rates start falling; lending rates to follow suit
PNB & OBC cut deposit rate; SBI still cautious
 "Deposit rates start falling; lending rates to follow suit")
Truck rentals drop by 1.5-3% in March
This, despite monthly increase in diesel prices
After KFA exit, flight summer schedule remains same
While the total departures per week in this summer schedule are 11,541, it was around 11,510 in winter
 "After KFA exit, flight summer schedule remains same")
GAIL books 2.3-mt liquefaction capacity in US
Signs 20-year terminal service agreement with Dominion Resources Inc
 "GAIL books 2.3-mt liquefaction capacity in US")
Hero MotoCorp starts ops in Africa, LatAm
The company is set to despatch the first lot of two-wheelers to Kenya later this month
 "Hero MotoCorp starts ops in Africa, LatAm")
Pull together more, Mistry tells Tata Motors
Addresses staff worldwide, from Pimpri, on slipping position and efforts needed to get back up
 "Pull together more, Mistry tells Tata Motors")
G V Prasad is chairman of Dr Reddy's
Satish Reddy appointed vice-chairman, second in command
 "G V Prasad is chairman of Dr Reddy's")
Passenger vehicle sales skid on high fuel prices, financing costs
Eight of the country's leading car makers register a combined sales decline of 16.7% in March
 "Passenger vehicle sales skid on high fuel prices, financing costs")
Mallya moves court as KFA lenders start selling USL shares for recovery
None of the banks were willing to comment as the matter was sub-judice
 "Mallya moves court as KFA lenders start selling USL shares for recovery")
Novartis loses patent battle in SC
Court denies Swiss drug firm patent protection for its anti-cancer drug Glivec; domestic industry hails verdict
 "Novartis loses patent battle in SC")
AI seeks Rs 200 cr in damages from Boeing
The state-run carrier is expected to resume domestic flights using the aircraft later this month
 "AI seeks Rs 200 cr in damages from Boeing")