The high court here has ordered winding up of the Pawan Ruia group&rsquo;s tyre maker, Dunlop India.

Court orders winding up of Dunlop India

Business Standard

The deficit had touched 92.3 per cent of the budget estimate in the corresponding period of 2011-12. In that year, the deficit rose sharply to 5.67 per cent of GDP, compared to the budget estimate of 4.6 per cent.

Centre's fiscal deficit moderated a tad

India ratings said major NBFCs&rsquo; robust pre-provisioning profits (gross profits) provides a strong cushion against rising credit costs and elevated funding costs and there will be only limited impact of proposed regulatory changes on these companies and in the long term will strengthen the sector.

India Ratings' stable outlook for NBFCs

To discourage the use of cheques, a discussion paper by the Reserve Bank of India (RBI) suggested today that banks charge for cash withdrawal and deposit through cheques. And, that government agencies do away with convenience charges for online payment of utility bills. Plus, discouraging cheque collection boxes at public places.

RBI discussion paper on bringing down cheque use

Steel companies are contemplating an increase in the prices of long products this month. Prices of some are likely to increase by up to Rs 500 a tonne.

Steel companies to increase long product prices

Following the cut in repo and cash reserve ratio (CRR) by the Reserve Bank of India (RBI), two more large public sector lenders pared their base rates by 25 basis points (bps).

More banks cut lending rates

The Reserve Bank of India (RBI) has prepared a comprehensive financial literacy guide to help in creating financial awareness and educating common people on the management of money, the importance of savings, advantages of saving with banks, other facilities provided by banks and benefits of borrowing from banks.

RBI comes up with financial literacy guide

Union Bank of India posted a 53.81 per cent year-on-year growth in net profit for the third quarter at Rs 303 crore on lower base and robust recovery and upgradation of non-performing assets.

Union Bank net zooms 53.81%

Allahabad Bank on Thursday said its net profit for the third quarter fell 44.5 per cent from a year earlier to Rs 310.83 crore on account of higher provisions and lower net interest income.

Allahabad Bank net profit falls 44.5%

India and the 27-nation bloc European Union (EU) on Thursday vowed to expedite the talks to conclude a trade deal, even as both sides missed yet another deadline to sign the much-ambitious Broad-Based Trade and Investment Agreement, while failing to indicate a proper timeline. India and EU had been negotiating the deal since 2007 and, so far, there have been 13 rounds of negotiations.

India, EU expedite trade pact talks

Twenty one biologics with a market value of about $54 billion will be losing patent protection by 2019 in the US alone. Of these, seven drugs with a market value of $19.4 billion would go off patent in the current year itself, said a latest Grant Thornton report on biosimilars, the approved similar version of biopharmaceutical products.

$19 bn worth biologics to go off patent in US this year

The beleaguered mining sector in Odisha which is facing a series of allegations mostly over illegal ore excavation and transport, can hope to wriggle out of the mess with the state government engaging World Bank to prepare a project report on the sector.The report, expected to be submitted to the state government soon, will detail the areas where the World Bank can offer its expertise to the mining sector.

World Bank to submit report on Odisha mining sector

Between 2007 and 2011, companies associated with the family of former Uttar Pradesh chief minister Mayawati, including those of her brother, Anand Kumar, and his wife, Vichiter Lata, have built a huge cash chest.

Ghost from the past returns to haunt Maya

Chinese PC major Lenovo on Thursday announced entry into the rising smartphone market of India, in partnership with dual-technology carrier Reliance Communications (RCom).

Lenovo enters smartphone market with RCom

BMW, the German automaker, will trap the luxury car market in Chhattisgarh that is emerging as a dream destination for investment.

BMW eyes expansion in Chhattisgarh

Eastern Mattresses Private Limited has formed a joint venture, International Sleep Solutions Private Limited, with Bam Furn Holdings (BFH) of South Africa.

Eastern Mattresses forms JV with South African firm

Tamil Nadu Chief Minister J Jayalalithaa on Thursday said her government was ready to facilitate an amicable solution to the controversy surrounding Kamal Haasan&rsquo;s movie, Vishwaroopam.

Jayalalithaa wants to facilitate release of Vishwaroopam

NHAI approved a 74 per cent equity takeover by IDFC in the Delhi-Gurgaon Expressway Project. Current concessionaire DSC Ltd will have 24.8 per cent equity and Jaypee Group will have 1.2 per cent.

IDFC to handle Gurgaon expressway project

In his first formal interaction with Congress office-bearers after assuming charge as party vice-president, Rahul Gandhi on Thursday urged the 50-odd Congress leaders present at the party headquarters to speak &ldquo;frankly and openly.

Rahul Gandhi urges AICC leaders to speak openly 

Siemens posted a net profit of Rs 73.07 crore for the December quarter, a rise of 21 per cent over the year-ago period, on the back of improved margins. But a decline in order inflow and flat revenue remain concerns for the Indian arm of the German firm.

BS Reporter