Accusing the United Progressive Alliance (UPA) government of betraying the people by allowing foreign direct investment in multi-brand retail, the Bharatiya Janata Party (BJP) leadership said that Prime Minister Manmohan Singh had betrayed the people by taking such a decision.

BJP accuses UPA of betraying country on FDI in retail

Business Standard

The Supreme Court has issued notice to Petroleum and Natural Gas Regulatory Board (PNGRB) while admitting an appeal of GAIL (India) Limited challenging the award of Rs 7,000-crore Mallavaram-Bhilwara-Vijaipur gas pipeline project to a consortium led by state-run Gujarat State Petronet Limited (GSPL).

SC notice to PNGRB over pipeline project to GSPL-led consortium

In an effort to educate people about the features and benefits of unique identity number, the Unique Identification Authority of India on Wednesday launched the &lsquo;Aadhaar Official Channel&rsquo; on YouTube.

UIDAI launches Aadhaar channel on YouTube

The Supreme Court has issued a notice to the Petroleum and the Natural Gas Regulatory Board, while admitting an appeal of GAIL challenging the Rs 7,000-crore Mallavaram-Bhilwara-Vijaipur gas pipeline project to a consortium led by state-run Gujarat State Petronet Ltd.

SC issues notice to PNGRB, admits GAIL appeal

The High Court here on Wednesday asked Deccan Chronicle Holdings Ltd (DCHL), the promoter of the Hyderabad franchisee of Indian Premier League (IPL) team Deccan Chargers, to provide an unconditional bank guarantee of Rs 100 crore to the Board of Control for Cricket in India (BCCI) within 10 days to be able to play in the next season of the IPL.

Court asks Deccan Chargers owner for Rs 100-cr guarantee

Power generation at National Thermal Power Corporation&rsquo;s (NTPC) 3,000 MW Kaniha plant, the country&rsquo;s second biggest power plant, has drastically gone down in September due to coal crunch.

Coal crunch pulls down generation at NTPC-Kaniha

The Gujarat Congress on Thursday promised that it would double the hours of electricity supply to farmers, provide new connections and remove dark zones from the state if they were voted to power in the Assembly polls to be held later this year.

Guj Polls: Cong promises sops for farmers

Today's meeting is likely to decide the fate of the the iconic Taj Mahal hotel on Mansingh Road in New Delhi. The meeting is expected to decide how the property will be auctioned, and what the deposit, reserve price and the terms of lease will be.

Today's meet to decide Taj Mansingh's fate

Indian Bank on Wednesday said its exposure to state electricity boards (SEBs) was limited, adding it hadn&rsquo;t received any new requisition for loan restructuring from SEBs.

Majority of Indian Bank's SEB loans restructured

With an eye on the largely untapped prepaid travel card business in India, American Express has rolled out its global travel cards in the country recently. &ldquo;The response to the soft launch was better than expected. We thought corporate travellers would be most interested, but we have witnessed a significant number of leisure travellers and students using the American Express Global Travel Card,&rdquo; said James Mirfin, vice-president and general manager, global payment options at American Express India.

AmEx launches global travel cards in India

The Insurance Regulatory and Development Authority (Irda) on Wednesday issued a draft set of rules to revamp the Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA). The aim is to make it more vibrant, responsible and professional in line with the objectives for which it was incorporated.

Irda aims to give more teeth to body set up by it

The American retail giant Walmart Stores is expected to firm up plans for its Indian retail foray in the next 30-45 days, after considering various options with regard to the local partner, including Bharti, the existing joint venture partner of the current wholesale cash-and-carry format Best Price among other things.

Walmart to firm up plans on retail foray in 45 days 

The Multi Commodity Exchange (MCX) will launch two innovative contracts &mdash; Silver 1000 and cotton seed oil cake or Kapasia Khalli (as it is popularly known) &mdash; from tomorrow.

MCX to launch two innovative contracts

At Kingfisher Airlines&rsquo; annual general meeting on Wednesday, Chairman Vijay Mallya once again assured aggrieved shareholders he would get the company back into shape.

Mallya battles angry shareholders

At an investment of Rs 250 crore, Nandan Exim, the denim arm of textile conglomerate Chiripal Group, will be expanding its denim capacity from 60 million metres per annum to 100 million metres per annum.

Nandan Exim likely to become 2nd largest denim maker in India

Gujarat government owned Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) plans to open as many as 100 agri marts, a one stop solution to farmers for all their farm requirements, over the period of next three years.

GNFC plans 100 agri marts over next 3 yrs

Thyrocare Technologies, a Mumbai-based medical diagnostics services provider, has raised about Rs 120 crore from private equity (PE) firm Norwest Venture Partners (NVP). Through the deal, Thyrocare has diluted about 10 per cent stake in the company, it is learnt. As part of the agreement, Sohil Chand, managing director of NVP India, would join Thyrocare&rsquo;s board of directors.

Norwest Venture Partners invests Rs 120 cr in Thyrocare

SRS Jewells, the flagship brand of SRS Ltd, has marked its entry into Gujarat's gold and jewellery market by opening its wholesale outlet in Ahmedabad.

SRS Jewells enters Guj

Networking solutions firm Cisco on Wednesday announced availability of its 'connected ATM solution' that will help banks in India deploy automated teller machine facilities in remote locations across the country. The new solution is aimed at helping banks meet the government of India mandate for ATM network expansion across the country, with specific emphasis on rural connectivity.

Cisco launches remote ATM connectivity solution

Companies in the Asia Pacific region are expected to spend the highest amount to engage with digital mobile consumers in 2012, compared to those in North America, Europe and Latin America. For every $1 billion in annual revenues, companies in the Asia-Pacific region will spend $2.41 million on digital marketing annually, said a recent study commissioned by Tata Consultancy Services.

Firms to spend highest on digital marketing 

The Securities and Exchange Board of India has extended cross-margining facility for investors in the exchange-traded funds. Till now it was allowed only for equity cash and derivative segment. Cross margining allows a market participant to reduce the total margin payment required.

BS Reporter