The Kolkata-based Maharatna company&rsquo;s net sales saw a 21 per cent rise to Rs 15,349 crore, as compared to Rs 12,687 crore last year.

CIL net profit rises 54%

Business Standard

In an emerging market fraught with economic, financial and political uncertainty, industry leaders are constantly asking how to retain talent and engage them for benefit of all the stakeholders involved. The Nassom kickstarted its 20th edition of the India Leadership Forum with a session by leadership guru Marshall Goldsmith, aptly named &ldquo;Building leadership, partnership and engagement in your organisation.

Marshall Goldsmith talks leadership at Nasscom

Kapil Sibal, the union IT and telecommunications minister today said that no government can ever censor social media.

No censorship on social media: Sibal

Trades between FIIs generated a volume of Rs 80 crore on the BSE Monday-an increase of 94.59% from Rs 41 crore clocked on Friday. As many as five stocks witnessed trades of 26 lakh shares on Monday.

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

Microsoft was in for a rude shock late Sunday night when the leading packaged software maker discovered that its Indian retail website has been hacked.

Hackers bring down Microsoft India website

The Indian IT industry will continue to be a net hirer, even as it battles global uncertainty, said the industry body National Association of Software and Services Companies (Nasscom).

Indian IT industry to hire 200,000 for FY13

After a gap of over three years an American business delegation will visit West Bengal on Friday to strengthen trade ties between eastern India and the US. The team will mainly comprise representatives from dredging equipment companies, which are seeking entry and partnership in port and maritime technology sector with Indian entities operating in the region.

US delegation to visit  Kolkata to boost trade

State Bank of India is likely to merge its factoring arm, SBI Global Factors Ltd, a company which posted loss of Rs 125 crore in 2010-11, due to higher provisioning on the back of mounting non-performing asset.

SBI may merge NPA- ridden factoring arm

Robust growth in net interest income helped State Bank of India, the country&rsquo;s largest lender, to post a 16.4 per cent growth in consolidated net profit to Rs 4,318 crore in the financial year&rsquo;s third quarter, ended December 2011, as compared to Rs 3,710 crore posted in the same period of the previous year.

SBI net up 16.10% on high interest income

The Reserve Bank of India (RBI) on Monday realigned the bank rate to marginal standing facility (MSF) rate in one-time technical adjustment. The bank rate now stands at 9.5 per cent as against six per cent earlier.

RBI raises bank rate to 9.5%

Tata Steel has bagged the sustainability prize at the CII-ITC Sustainability Award-2011 in the &lsquo;Category A&rsquo; for Large Business Organizations (for companies with turnover of above Rs 500 crore).

Tata Steel bags CII-ITC Sustainability Award

Anil Ambani group company Reliance Power on Monday reported 42 per cent increase in consolidated net profit at Rs 204 crore for the quarter ended December 31. It had reported a consolidated net profit of Rs 144 crore in the year ago period.

RPower net profit up 42%

Karnataka has emerged the fifth most attractive investment destination, attracting investment proposals worth Rs 9.85 lakh crore at the end of 2011. According to a study by the Associated Chamber of commerce and Industry (Assocham), Karnataka has clocked a share of about 8.18 per cent in the total live investments worth Rs 120.34 lakh crore at the end of the year.

State emerges 5th top investment destination

Public sector steel major SAIL on Monday posted a 43 per cent decline in net profit for the quarter ended December on the back of increased raw material prices and rupee depreciation. The Maharatna public sector undertaking registered a net profit of Rs 632 crore for the three months period as compared to Rs 1,107 crore during the same period last year.

SAIL net declines 43%

For the first time, a top government official has put a figure to unaccounted money stashed by Indians abroad.

CBI boss says $500 bn stashed abroad

Amway India, the Indian arm of Amway Corporation, will invest Rs 400 crore in India in the next two years on a manufacturing facility and for its headquarters in Delhi.

Amway plans Rs 400 cr investment  in India by 2014

The three ex-ministers of Karnataka, who lost their ministry last week for viewing porn video clips inside the state assembly, will now have to face a police probe. A Bangalore court on Monday ordered the police to probe their misdemeanour.

City court orders police probe against sleazegate ministers

The Karnataka government is organising a special campaign to create awareness among people about implementation of the Karnataka Guarantee of Services to Citizen Act 2011. The pilot project is being launched from April 1, 2012 in Bidar, Chitradurga, Dharwad and Udupi districts.

Govt plans campaign for Services to Citizen Act

The government has set up a search-cum-selection committee to choose a new chairman for the Telecom Regulatory Authority of India (Trai) after incumbent J S Sarma retires in May. The committee is expected to have its first meeting tomorrow under the chairmanship of cabinet secretary Ajit Kumar Seth.

Govt sets up panel to hunt for next Trai chairman

Reacting strongly to the central government's denial to consider a windfall tax proposal sent by the Orissa government, Chief Minister Naveen Patnaik on Monday shot off a letter to the Union Ministry of Mines, questioning the veracity of the causes cited by the ministry for refusing the proposal.

BS Reporter