BS Reporter
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Dilip Shanghvi slams FSSAI on Maggi ban
India should have helped industry to bring immense benefit to society, not scare away investment from business
 "Dilip Shanghvi slams FSSAI on Maggi ban")
Quality control can bump up India's gold jewellery exports fivefold: WGC
India has potential to raise gold jewellery exports fivefold to $40 bn by 2020
 "Quality control can bump up India's gold jewellery exports fivefold: WGC")
Spices Board rolls out subsidy scheme to boost production, export
The Board has also decided to provide financial assistance to farmers for irrigation, land development, mechanisation, replanting, soil conservation
 "Spices Board rolls out subsidy scheme to boost production, export")
BoB net down 22.7% but stock zooms 10%
High staff expenses, depreciation in investments dent bottom line
 "BoB net down 22.7% but stock zooms 10%")
Dena Bank's net profit falls 81% to Rs 15 cr
'The fall in profits was due to increase in operating expenses and provisioning for bad loans'
 "Dena Bank's net profit falls 81% to Rs 15 cr")
Kotak Bank net down 26% on higher provisioning
Net NPA stood at 0.93% compared to 0.81%
 "Kotak Bank net down 26% on higher provisioning")
Essar Steel retail arm to sell online
Company targets revenues worth $100 million in first full year of operations
 "Essar Steel retail arm to sell online")
IDFC Q1 standalone net down 46% at RS 241 cr
However, the total income rose marginally to Rs 2,087 cr
 "IDFC Q1 standalone net down 46% at RS 241 cr")
Petronet LNG first quarter net profit up 58%
Total income of the company during the quarter declined 17.5% annually
 "Petronet LNG first quarter net profit up 58%")
HCC's net profit drops 71% to Rs 8 crore in Q1
Turnover dips to Rs 975.1 crore, down 7%
 "HCC's net profit drops 71% to Rs 8 crore in Q1")
Rupee seen weakening further due to concerns of rate hike by US Fed
RBI is expected to keep the repo rate unchanged in its August 4 monetary policy
 "Rupee seen weakening further due to concerns of rate hike by US Fed")
Snapdeal sold 64 mobiles a min and 99 laptops an hour
During the sale, 80% of the orders came for mobiles, tablets, and computers. Tier-II and -III cities contributed 70% to total orders
 "Snapdeal sold 64 mobiles a min and 99 laptops an hour")
 "NSEL crisis: Role played by FMC, other agencies")
 "Forward trading: Then and now")
Celkon to partner Chinese firm to strengthen R&D
Celkon's current unit at Hyderabad had the capacity to assemble feature and smartphones of up to Rs 3,000
 "Celkon to partner Chinese firm to strengthen R&D")
Techwave Consulting to invest $5 million in Hyderabad centre
Location enables remote infrastructure management (RIM) services using an integrated monitoring facility
 "Techwave Consulting to invest $5 million in Hyderabad centre")
Assam to set up 'APJ Abdul Kalam Centre for Innovation' soon
In memory of the former President APJ Abdul Kalam, the Assam government has decided to set up an 'APJ Abdul Kalam Centre for Innovation' soon in the state
Komen to trigger heavy rainfall
The weathermen have sounded an alert at all the ports of the state and advised them to hoist Danger Signal Number Five
 "Komen to trigger heavy rainfall")
Hyderabad realty not to see much pain compared with other metros: Knight Frank
The market here is too small to have a 20-30% like price correction that's being seen in other parts of the country, says executive director Gulam M Zia
 "Hyderabad realty not to see much pain compared with other metros: Knight Frank")
Tata Tele (Maharashtra) loss narrows to Rs 103.3 cr on strong data revenue
Results show marked improvement from January-March quarter
 "Tata Tele (Maharashtra) loss narrows to Rs 103.3 cr on strong data revenue")