BS Reporter
BS Reporter
Page 989 - Bs Reporter/workspace/business Standard Web/video
Cotton sector in crisis on high surplus of 16.6 million bales
Cotton Association seeks govt support, as sector is facing a huge glut due to reduced imports from China
 "Cotton sector in crisis on high surplus of 16.6 million bales")
Polaris Consulting & Services reports Rs 39 crore profit in Q3
Former MD, Institutional Clients Group and Citi join company's Board
 "Polaris Consulting & Services reports Rs 39 crore profit in Q3")
Marten Pieters to step down; Sunil Sood to be new Vodafone India CEO
Sood joined Vodafone India's predecessor business, Hutch, in 2000
 "Marten Pieters to step down; Sunil Sood to be new Vodafone India CEO")
Sterlite Technologies Q3 net at Rs 23 crore
Reports revenue growth of 32% at Rs 895 cr; current order book updated to Rs 4,700 cr
 "Sterlite Technologies Q3 net at Rs 23 crore")
Emami acquires Australian personal care company Fravin
Steps into organic personal products with the acquisition
 "Emami acquires Australian personal care company Fravin")
Coal block re-allocation begins, 36 mines to be allotted to PSUs from Jan 23
340 million tonnes up for grabs, e-auction for private players to start from February 14
 "Coal block re-allocation begins, 36 mines to be allotted to PSUs from Jan 23")
Pricier cigarettes slow ITC net growth in Q3
Street disappointed with profit growth of 10.4% as cigarette volumes fell 15%
 "Pricier cigarettes slow ITC net growth in Q3")
Cabinet approves 3G spectrum swap
Telcos disappointed as exchange between defence, telecom ministries to take at least a year; 15 MHz won't be sold in Feb auction
 "Cabinet approves 3G spectrum swap")
Zee Entertainment net rises 44%
The company's revenue grew 15% to Rs 1,364 cr from Rs 1,188 cr
 "Zee Entertainment net rises 44%")
A quarter of total warehousing space absorbed by e-tailers in 2014
Took up approximately 1.7 million sq. ft. of warehousing space across Mumbai, Chennai, Bangalore and NCR
 "A quarter of total warehousing space absorbed by e-tailers in 2014")
 "L&T Finance mulls payment bank option")
Now, states can fix PDS sugar price
As of now, the price of sugar sold via PDS is Rs 13.5 a kg, unchanged since 2002
 "Now, states can fix PDS sugar price")
FCI revamp panel suggests cash transfer of food subsidy
Modi wants quick comments by FoodMin; cash transfer of food subsidy recommended in 52 cities, plus build-up of operations infra in east India
 "FCI revamp panel suggests cash transfer of food subsidy")
ING Vysya Bank net falls 12.9% to Rs 146 crore in Q3
Total income grew 10.5% to Rs 697.2 cr; NII increased by 18.1% to Rs. 491.6 cr
 "ING Vysya Bank net falls 12.9% to Rs 146 crore in Q3")
L&T Finance Holdings Q3 net up 66% on healthy margins
Loans and advances grew by 20% y-on-y to Rs 45,225 cr
 "L&T Finance Holdings Q3 net up 66% on healthy margins")
Sensex, Nifty log new all-time highs
Indices gain 0.4% despite 5% drop in ITC; FIIs invest Rs 2k cr
 "Sensex, Nifty log new all-time highs")
Amfi launches MF Utility online portal
Investors can submit single transaction form for investing in multiple schemes
 "Amfi launches MF Utility online portal")
No proposal to keep markets open on budget day: Sebi
Says there is no correlation between date on which market is open and day of budget announcement
 "No proposal to keep markets open on budget day: Sebi")
Sebi to issue discussion paper on algorithmic trading
Discussion paper will focus on impact of liquidity brought in by algorithmic trading programmes
 "Sebi to issue discussion paper on algorithmic trading")
Cabinet nod to swapping spectrum between telecom, defence
Govt also earmarked an area of 50 km around the border areas as the Defence interest zone