BS Reporter
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Bain Capital sells 4.4% stake in Hero for $400 mn
As per the term sheet, Bain had offered Rs 2,859.6-2,963 apiece for selling its shares in Hero
 "Bain Capital sells 4.4% stake in Hero for $400 mn")
Syndicate Bank net declines 33% to Rs 316 cr in Q2 on higher provisions
The Bank plans to mobilise Rs 1,150 crore through Tier-II bonds in Q3
 "Syndicate Bank net declines 33% to Rs 316 cr in Q2 on higher provisions")
Little spectrum on offer, next auction could be brutal
DoT committee rejects most Trai suggestions for freeing airwaves for sale
 "Little spectrum on offer, next auction could be brutal")
Modi scare forces 6 parties to contemplate merger
On Trinamool Congress chief Mamata Banerjee's role in the new grouping, Kumar said it was discussed but no decision was taken on it
 "Modi scare forces 6 parties to contemplate merger")
Roy attacks Modi for not delivering 'promised reforms'
Syas Modi had failed to live up to his "social contract" with citizens for betterment of their lives
 "Roy attacks Modi for not delivering 'promised reforms'")
Sri Lanka supports Saarc Bank
Cabraal said it would help in alleviating poverty in the region by offering block loans to banks which can be redistributed amongst the poorest section
Safety body to Nissan: Pull Datsun GO from India
The consumer safety testing body has said that the car was substandard as it failed the crash test results
 "Safety body to Nissan: Pull Datsun GO from India")
Govt to issue clarification on FDI in construction
Since 2005, 100% FDI through the automatic route is allowed in the construction sector
 "Govt to issue clarification on FDI in construction")
Reforms need social acceptance: Naidu
During his earlier stint as chief minister, Naidu was known more for his tech-savvy image and industry-friendly policies
 "Reforms need social acceptance: Naidu")
Goyal pegs power sector investments at $250 bn
Minister says addressing fuel supply issues, increasing private participation high on govt's agenda
 "Goyal pegs power sector investments at $250 bn")
Modi meets President amid reshuffle buzz
Chandrababu Naidu too drops hints of reshuffle
 "Modi meets President amid reshuffle buzz")
Karnataka goes all out to woo Infosys
State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park
 "Karnataka goes all out to woo Infosys")
Canara Bank Q2 net stays flat on higher provisions
The bank plans to raise Rs 3,000 cr through QIP issue in third quarter
 "Canara Bank Q2 net stays flat on higher provisions")
Asset quality slippage has hit bottom; recovery still away, says Moody's
Any improvement in asset quality will be U-shaped rather than V-shaped, Moody's said grad
 "Asset quality slippage has hit bottom; recovery still away, says Moody's")
Indian Bank net growth up 2.4%
NPA is a concern for the Bank, says T M Bhasin
 "Indian Bank net growth up 2.4%")
ITC to set up second 5-star hotel in Hyd; to invest Rs 700 cr
The project is coming up in the IT hub Madhapur
 "Gujarat govt begins probe in alleged irregularities in solar park land purchase")
Zydus Cadila Q2 net up 52% at Rs 278 cr
A 21% rise in total operating income aided the numbers
 "Zydus Cadila Q2 net up 52% at Rs 278 cr")
Finolex Industries plans to enter into water business
Finolex is eyeing $1 bn turnover in the next five years
 "Finolex Industries plans to enter into water business")
Saraf Foods adds 50% capacity with Rs 15 crore investment
Current capacity of the company in 7.5 tonnes per day which will now go up to 11 tonnes per day