The Indian Institute of Technology (IIT) Delhi Alumni Association today rejected the new formula proposed for admission to the IITs.

IIT Delhi Alumni Association rejects new proposal

Business Standard

Days after the High Court here struck down the Singur Land Rehabilitation and Development Act, Chief Minister Mamata Banerjee today announced the state would double the monthly aid to Singur landlosers to Rs 2,000 a month.

Monthly aid to Singur land losers doubled

The Gandhinagar Collector's office on Thursday said in a statement that land allotted to Rakshashakti University was purely government land and not grazing (gauchar) land.

Gauchar land not alloted to Rakshashakti Uni, says govt

Gujarat High Court on Thursday issued notice to the Union government on a public interest litigation (PIL) challenging notification giving Pune bench of National Green Tribunal (NGT) jurisdiction for cases from the state of Gujarat.

High Court notice to Union govt over NGT  jurisdiction 

The Himachal Pradesh government has cleared a proposal for setting up two industrial units which are likely to bring in investments worth Rs 215 crore. The Rs 196 crore unit of Indian Tecnomac company will manufacture aluminum granules and quick lime which is likely to generate 624 jobs.

Rs 215-cr HP industrial units get govt nod

The real estate sector in India has seen $3.2 billion of private equity (PE) investor exits in the last four years, according to a white paper issued by Jones Lang LaSalle India. In rupee terms, this amounts to about Rs 14,720 crore, considering the rate of Rs 46/dollar suggested in the study.

Realty sector sees $3.2-bn PE exits in 4 years

The Insurance Regulatory and Development Authority (Irda) has slapped a fine of Rs 1.47 crore on HDFC Life Insurance for violating norms pertaining to the commission paid to corporate agents and denial of death claims.

Irda slaps Rs 1.47-cr fine on HDFC Life for norm violation

Trades between FIIs generated a volume of Rs 25 crore on the BSE Thursday-an increase of 327.21% from Rs 5.86 crore clocked on Wednesday. As many as two stocks witnessed trades of 7.25 lakh shares on Thursday.

FII-TO-FII: Grasim Ind traded at 5% premium

The department of telecommunications (DoT) may raise a demand of Rs 1,600 crore from five telecom companies &mdash; Bharti Airtel, Reliance Communications, Vodafone, Idea and Tata for underreporting revenues in 2006-2008. The demand has been raised as per a special audit report by the DoT for assessment year 2006-2008.

DoT may raise demand of Rs 1,600 cr from telcos 

Ashok Leyland is planning to raise Rs 400 crore to Rs 500 crore of debt to support its investment plan, which is in tune of Rs 1200 crore. Major chunk of the investments will go into Pantnagarfacility, towards R&amp;D and in the joint ventures, said K Sridharan, chief financial officer.

Ashok Leyland plans to raise Rs 500-cr debt 

A R Ansari, chairman and managing director of Neyveli Lignite Corporation, will step down on June 30. B Surender Mohan, director (mines) will take over as the new CMD.

Neyveli Lignite CMD Ansari to step down

Information technology services company HCL Technologies Ltd has handed pink slips to some of the former Xerox employees in the US, who had joined the company a year ago as part of an outsourcing agreement.

HCL shows the door to former Xerox staff

The Madras High Court has directed to attach BSE-listed Pentamedia Graphics Ltd's shareholding in Mayajaal Entertainment and its immovable&nbsp; assets.

Madras HC directs attachment of Pentamedia assets

Pfizer Limited has appointed Aijaz Tobaccowalla as managing director, India. Tobaccowalla will succeed Kewal Handa, who is retiring in August after two decades of association with Pfizer.

Pfizer India gets new MD

The shares of mobile value-added services provider OnMobile Global on Thursday fell by 17 per cent to Rs 33.25 on reports by a television channel that the company&rsquo;s board had initiated probe against its chief executive Arvind Rao for alleged misappropriation of funds, a charge the company denied strongly.

OnMobile shares tank firm denies probe charges

UK-based lender HSBC on Thursday sold about 4.6 per cent stake each in Axis Bank and YES Bank for Rs 1,880 crore and Rs 550 crore, respectively, through secondary market deals.

HSBC exits Axis Bank and YES Bank

Jaiprakash Power Ventures (JP Power) on Thursday said its promoter group company, Jaypee Infra Ventures, would sell about 29 million shares through the offer-for-sale (OFS) route tomorrow. The share sale is aimed at complying with the 25 per cent public shareholding requirement.

JP Power promoter to sell 29 mn shares through OFS

Upbeat over the market response for its less-than-a-year-old roll out of heavy commercial vehicles (HCV), Mahindra Navistar Automotives Limited (MNAL) has embarked on a near-complete spread of market-cum-after-sales service reach across India this year.

Mahindra Navistar aims to outperform industry growth

The Madras High Court has directed BSE-listed Pentamedia Graphics Ltd&rsquo;s shareholding in Mayajaal Entertainment and its immovable assets be attached.

Pentamedia Graphics assets to be attached

Gati Limited, a Hyderabad-based express distribution and supply chain company, has formed a new joint venture subsidiary called Gati-Kintetsu Express Private Limited with Japan&rsquo;s Kentetsu World Express (KWE) that holds 30 per cent stake in the entity by investing Rs 267.7 crore.

Gati floats new joint venture with Japan's KWE

Foreign institutional investors (FIIs) were net sellers of Rs 1,112.63 crore (provisional) today, according to data released by BSE.

BS Reporter