BS Reporter
BS Reporter
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Kamarajar Port posts pre-tax profit of Rs 421 cr
The port expects to achieve cargo throughput of 32.2 mt during FY16
 "Kamarajar Port posts pre-tax profit of Rs 421 cr")
ICAR developing new rice varieties
India currently has 44 million hectare (ha) area in rice cultivation, and there was no increase in the area since the last 15 years
 "ICAR developing new rice varieties")
Centre asks states to cut taxes on ATF
Air Pegasus launches service between Bengaluru and Hubballi
 "Centre asks states to cut taxes on ATF")
Govt starts negotiations on draft model bilateral treaty
The new model will replace the existing Bilateral Investment Protection and Promotion Agreement
 "Govt starts negotiations on draft model bilateral treaty")
Car sales rise for the first time in 3 years
Commercial vehicles however declined by 2.8% to 614,961
 "Car sales rise for the first time in 3 years")
 "Full rupee convertibility in few years, says Rajan")
HDFC cuts home loan rates by 20 bps to 9.9%
Home loan firm gets RBI nod for $500-mn ECBs
 "HDFC cuts home loan rates by 20 bps to 9.9%")
Feb IIP at three-month high of 5%, beats estimates
Third month to have seen growth of at least 5% in FY15; strong performance seen in most segments, barring consumer durables
 "Feb IIP at three-month high of 5%, beats estimates")
Jaitley launches IFSC at GIFT, calls for 'non-adversarial' tax regime
Tax regime at IFSC at GIFT will have to be competitive enough to match those of other IFSCs in Dubai, Malaysia and Singapore
 "Jaitley launches IFSC at GIFT, calls for 'non-adversarial' tax regime")
SpiceJet rejigs top management as CCO steps down
The verticals that were under Kaneswaran Avili will now report directly to Sanjiv Kapoor
 "SpiceJet rejigs top management as CCO steps down")
 "Centre links disaster compensation to farmers with headline inflation")
 "Cong, BJP slug it out over Netaji kin snooping row")
New rules to make NBFCs more accountable
The central bank intends to prescribe norms as NBFCs outsourcing various activities are exposed to various risks
 "New rules to make NBFCs more accountable")
Base rate needs to be market benchmarked: Rajan
He also said that India will go towards full account convertibility in a few years time
 "Base rate needs to be market benchmarked: Rajan")
RBI's forex reserves climb to an all-time high of $ 343 bn
This is the ninth time this year foreign exchange reserves touched an all-time high
 "RBI's forex reserves climb to an all-time high of $ 343 bn")
Shareholders approve IDFC's demerger scheme
Shareholders of IDFC will get equivalent shares in IDFC Bank
 "Shareholders approve IDFC's demerger scheme")
IndusInd Bank raises balance slab for 6% interest on savings account
Starting from 4% on daily balance up to Rs 1 lakh, interest rate will be 6% for balances above Rs 10 lakh
 "IndusInd Bank raises balance slab for 6% interest on savings account")
IndusInd Bank to buy RBS's India jewellery financing business
Enters agreement with ABN AMRO Bank for cooperation in diamond & jewellery financing
NSEL-FTIL merger: Govt introduces share swap arrangement
A case has already been filed by FTIL against the merger in the Bombay High Court where the decision is yet to come
 "NSEL-FTIL merger: Govt introduces share swap arrangement")
