Restructure cheaper; no worry on fall in cash level: Ambuja

Forty-eight hours after Ambuja Cements announced restructuring of ownership by parent Holcim , the airwaves have been flooded with reactions and concerns from minority shareholders, investors, and analysts.Ambuja Cements managing director, Onne Van Der...

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Dena Bank Q1 net down 21% at Rs 189 cr

Jul 27, 2013, 04.04 PM IST As of June 30, 2013, Dena Bank's portfolio quality deteriorated, with gross non-performing assets (NPAs) rising to 2.70 percent of gross advances as against 1.80 percent in the same quarter of the previous fiscal....

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Corporation Bank Q1 profit up marginally by 2% at Rs 378 cr

Jul 27, 2013, 03.56 PM IST The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year. Like this story, share it with millions of investors on...

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Gold surges to 5-week high on brisk buying, tight supply

Gold today surged to five week high by gaining Rs 280 to Rs 28,425 per ten grams in the national capital on increased buying by stockists and jewellers against restricted supply.After gaining Rs 325 in the previous session, the fresh upsurge pushed up...

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'I started Hidesign with a cobbler and Rs 25,000 fund'

He's a hippie at heart; he grew up in Sri Aurobindo Ashram, Pondicherry; and developed an aversion to all things painted, patented and synthetic. This was the driving force that led Dilip Kapur to create Hidesign in 1978.From its artisan roots of just...

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Goa: 19 kids fall sick after eating mid-day meal at school

At least 19 students of a government-aided high school at Pernem taluka in Goa fell ill after eating mid-day meal today, officials said.While a girl was hospitalised at a primary health centre in Tuem, nearly 40 kms from here, rest of the students of...

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How to get funding for an agribusiness venture

By Pranbihanga Borpuzari The business of agriculture has survived almost as long as the civilization of humanity. A business in this sector has the inherent advantage of always having a customer. But, in order to grow and take your business to a level...

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India still second fastest growing economy: Chidambaram

Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram today said people should not be worried about the current slow down and expressed hope of achieving six per cent growth this...

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Lanco in talks to restructure $1.5 bn debt - paper

Infrastructure builder Lanco Infratech has started discussion with its bankers to restructure debt worth Rs 90 billion as a weak economy takes a toll, the Business Standard newspaper reported on Saturday.Also read: Government mulls plan to start coal...

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Smart ways to deal with sudden lumpsum income

BankBazaar.comPavitra received Rs 3.5 lakh from the sale of a family property in her native place. She has a housing loan of Rs 30 Lakhs for which she is paying a monthly EMI of Rs 35,000. She has completed 2 years of the 7 years of the loan tenure....

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TV18 Broadcast to declare Q1 results on July 29

Jul 20, 2013, 05.40 PM IST TV18 Broadcast Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 29, 2013, inter alia, to consider and approve the Unaudited Financial Results of the Company for...

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Reliance Capital to announce Q1 results on July 29

Jul 20, 2013, 05.40 PM IST Reliance Capital Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 29, 2013, inter alia, to consider and approve unaudited financial results for the quarter ended...

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Bombay Rayon Fashions approves corporate debt restructuring

Jul 20, 2013, 05.40 PM IST Bombay Rayon Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 19, 2013, has considered/ approved the proposal of Corporate Debt Restructuring (CDR). ...

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From tin shed to corporate chic, Viplab chisels an SME

Sonali ChowdhuryMany would kill for a cushy job in a comfortable leather-back swivel chair. Not Saurabh Rohtagi. A qualified company secretary with a secure job, Rohtagi would often swivel in his leather-back chair in his office and dream about the future....

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30-odd years and still innovating; that’s entrepreneurship

Sonali ChowdhuryK J Joseph has lived an interesting life. While growing up, this 70-year-old engineer from Kerala had the world at his feet. His father owned a cinema hall, a movie distribution company and rubber plantations in South India. But Joseph...

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Having trouble in filing returns? Here's a checklist

Arnav PandyaThe time for filing of income tax returns is nearing and individuals need to be careful about the various details related to this area. There has to be the correct decisions at this stage so that the entire process is completed smoothly....

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Texmaco Rail to make open offer for 49.52 lakh shares of Kalindee

Jul 20, 2013, 06.06 PM IST Texmaco Rail: Open offer for acquisition of up to 49,52,280 shares from public shareholders of Kalindee Rail Nirman (Target Company) by Texmaco Rail & Engineering (Acquirer); the offer price of Rs 68 payable...

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Kalindee Rail: Open offer for 49.52 lakh shares by Texmaco Rail

Jul 20, 2013, 06.13 PM IST The board of directors of Texmaco Rail & Engineering (acquirer) approves open offer for acquisition of up to 49,52,280 shares from public shareholders of Kalindee Rail Nirman (Target Company) by acquirer;...

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What Food Security Bill means for India's subsidy burden

By Dhanraj BhagatThe National Food Security Bill 2013 was recently passed as an ordinance by the Union Cabinet. The bill aims to provide 5 Kg of food grains per person per month at subsidised prices from State Governments under the targeted public distribution...

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Stock market prediction for July 22-26: Astrostocktips

Technology sector will continue getting strong astrological support. Buy HCL Technologies, TCS, Tech Mahindra, Think soft, KPIT, eclerx, Infosys etc on dips, says Satish Gupta of astrostocktips.in.By Satish Gupta of astrostocktips.inWeekly planetary...

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Aadhaar enrollment aiming to combat subsidy leaks

The Indian economy is surrounded by all bad macros, including the industrial growth contraction and climbing consumer inflation. However, one long-term positive that maybe taking place is the Aadhaar enrolment and some steps on giving direct cash in...

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India needs to do more to attract large FDI: US leaders

There is more concern among US businesses now about investing in India than was a few years ago though New Delhi was pursuing reforms, senior American leaders have said.Also Read: India, US to brainstorm bilateral trade and eco ties The US Trade Representatives...

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'India to lead global growth; bet on financial services'

Ajay Piramal of Piramal Group hailing from a family that ran a very successful textile industry business, switched track to become one of India's renowned pharmaceutical entrepreneurs business. Today, he has holds the reputation of being one of India's...

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Why Chidambaram is the right man in the wrong party

R JagannathanFirstpost.comIt was often said of Atal Behari Vajpayee that he was the right man in the wrong party a liberal caught up in the right-wing Bharatiya Janata Party. We don't know that for sure, but the observation is probably truer of Palaniappan...

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Amar Bose, inventor of Bose audio systems, dies at 83

Amar G Bose, the Indian-American visionary entrepreneur and acoustics pioneer, famous for making high-quality Bose audio systems and speakers for home users, auditoriums and automobiles, has died.He was 83. Bose's death was announced on Friday by his...

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Decoding the Modi QA: Where he goofed, where he didn’t

R JagannathanFirstpost.comMuch has been made of Narendra Modi's reference to a puppy caught under the wheels of a car he wasn't driving in answer to a question on 2002. It was a godsend to his detractors, who used it to suggest what a crass man he is....

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