BS Reporter
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Metals, gold fall after Fed indicates rate hike in Dec
US Federal Reserve had been talking about increasing interest rates since almost a year
 "Metals, gold fall after Fed indicates rate hike in Dec")
Rollovers low as investors turn cautious
Bank Nifty futures saw a rollover of 71%, slightly higher than the three-month average of 69%
 "Rollovers low as investors turn cautious")
Govt clarifies tax treatment of offshore rupee-denominated bonds
Gains arising in case of appreciation of rupee against foreign currency, in which the investment is made, would be exempted from capital gains tax
 "Govt clarifies tax treatment of offshore rupee-denominated bonds")
Ad valorem rates likely for levying cess on crude oil
Govt levies a cess of Rs 4,500 per tonne on crude oil produced by state-run firms ONGC and Oil India from fields given to them on a nomination basis
 "Ad valorem rates likely for levying cess on crude oil")
Govt mulling uniform tax for LPG consumers
Move seen to help reduce pilferage, ease availability of cooking fuel for the poor; currently 60% of households in the country have access to connections, while it is 25% in rural areas
 "Govt mulling uniform tax for LPG consumers")
BCG makes 19 summer internship offers at Cluster 1 of IIM-A
Cluster 1 of summer internship placements for class of PGP 2017 at IIM Ahmedabad saw in all 35 firms
 "BCG makes 19 summer internship offers at Cluster 1 of IIM-A")
Newsmaker: R V Easwar
Building the road to a simpler tax code
 "Newsmaker: R V Easwar")
ReGen Powertech bags two wind power projects worth Rs 1,600 cr
The company is set to commission 400 MW wind power projects this fiscal year
 "ReGen Powertech bags two wind power projects worth Rs 1,600 cr")
Cipla sells stake in Chinese biotech firm
In 2010, Cipla had invested $65 mn to acquire stakes in MabPharm and Biomab Holding in Hong Kong
 "Cipla sells stake in Chinese biotech firm")
IOC woos after client decides to move on
A day after blockade-hit Nepal announces deal with China for fuel supply, ending our supply monopoly, says will try to send more
 "IOC woos after client decides to move on")
Torrent Pharma Q2 PAT rises 6.5 times to Rs 729 cr
Total income rose 78% to Rs 1,661 cr
 "Torrent Pharma Q2 PAT rises 6.5 times to Rs 729 cr")
Aequs-Precihole JV for component manufacturing
The JV further strengthens Aequs manufacturing capabilities across all of the industry verticals where it has a strong presence
 "Aequs-Precihole JV for component manufacturing")
Now NRIs can subscribe to NPS: RBI
This will help NRIs access old age income security
 "Now NRIs can subscribe to NPS: RBI")
Sun TV appoints Mahesh Kumar as president
Before joining Sun Group, Kumar was with Rajan Raheja Group
Bharat Forge Q2 profit flat annually
Company reported a flat profit after tax for the quarter at Rs 175 crore
 "Bharat Forge Q2 profit flat annually")
Polaris reports Rs 47-cr profit in Q2
Total income has increased 9% to Rs 519 cr
 "Polaris reports Rs 47-cr profit in Q2")
Care24 raises seed fund of $350,000 from India Quotient
Will use funds to enhance technology, strengthen team etc
 "Care24 raises seed fund of $350,000 from India Quotient")
OnMobile Q2 net at Rs 1.2 cr despite dip in sales
VAS provider witnessed decline in revenue y-on-y basis at Rs 207 cr
 "OnMobile Q2 net at Rs 1.2 cr despite dip in sales")
City Union Bank Q2 profit up 15% at Rs 108 cr
Bank eyes 12-15 per cent growth in credit in 15-16 %
 "City Union Bank Q2 profit up 15% at Rs 108 cr")
City Union Bank Q2 profit up by 15% to Rs 108 cr
Net Interest Income up by 16.43% during the quarter
 "City Union Bank Q2 profit up by 15% to Rs 108 cr")