The United States has filed a ‘request for consultations’ with China at the World Trade Organization regarding “certain measures that allegedly provide export-contingent subsidies to enterprises in several industrial sectors.” The WTO said these sectors include textiles, agriculture, medical products, light industry, special chemical engineering, new materials, and hardware and building materials. “According to the […]
On the heels of revising the way in which the Gross Domestic Product or GDP of the country is calculated, the Central Statistics Office has revised the parameters for calculating consumer price inflation. According to the new method, January CPI inflation rose to 5.11% from 4.28% in December, while it was 5% under the old […]
The Aam Aadmi Party is all set to win around 40 seats going by the leads of 42 out of the total 70 seats. AAP is leading in 25 out of 42, with BJP leading in 12 and Congress in 3. BSP is leading in 1 seat. BJP has lost about 40% of its seats, […]
The Aam Aadmi Party was all set to win 67 seats out of Delhi’s 70 seats, according to the leads published so far, with BJP winning 3 and Congress coming up with zero seats. If BJP gets less than 7 seats, it may not qualify for Leader of Opposition post. PM Narendra Modi congratulated Arvind Kejriwal […]
The Aam Aadmi Party made a clean sweep of Delhi, according to all the exit polls conducted so far. The AAP is seen winning between 35-45 seats, while the BJP is expected to win 22-28 seats according to the exit poll results. The absolute decimation of the Congress Party seems to have worked to AAP’s […]
IDBI reported a net profit of Rs 103 Crore for the quarter ended December 31, 2014 as against Rs 104 Crore for the quarter ended December 31, 2013. Total business (deposits and advances) as of December 31, 2014 stood at Rs 4,30,502 Crore as against Rs 3,72,387 Crore as of December 31, 2013, registering a […]
The Indian mutual fund industry’s assets under management (AUM) rose 12% or by Rs 1.30 trillion in January 2015 to Rs 11.81 trillion, according to the monthly numbers released by the Association of Mutual Funds in India (AMFI). The total shares held by mutual funds in pure equity funds were worth over Rs 34,00,00,00,00,000 (3.4 […]
Sun TV Network posted a growth of around 9% in the revenues to Rs.552.44 crores, for the quarter ended 31 st December, 2014 in comparison to Rs.508.34 crores during the corresponding quarter ended 31 st December 2013. Advertisement Revenue for the quarter ended 31 st Dec’ 14 up ~7% at Rs.291.57 crores while DTH Revenue […]
Deutsche Bank said it is likely that the Reserve Bank of India would next cut policy interest rates in early March, and follow that up with more cuts through this year. It also said it was looking at the revised GDP numbers with “some degree of caution”. “The RBI will not only cut in early-March, […]
Honda CB Unicorn, Yamaha FZ and TVS Apache RTR 180 owners reported the highest satisfaction levels with their bikes, according to the latest J.D. Power Asia Pacific 2015 India Two-Wheeler Study released today. The study classified scooters and motorcycles into seven categories and ranked them in terms of the satisfaction of their owners. The 2015 […]
Bharat Heavy Electricals Limited (BHEL) has achieved one more milestone by successfully commissioning another 270 MW coal based thermal power plant in Maharashtra. The unit was commissioned at RattanIndia Power Limited’s (formerly Indiabulls Power Ltd) upcoming thermal power project located at village Nandgaonpeth in Amravati district of Maharashtra. This is the third 270 MW unit […]
Honda Motorcycle today revealed its roadmap for India in 2015. It disclosed details about 6 of the 15 new models planned for 2015 — including new variants of Activa (already shipping), and new Honda Shine, Unicorn and Yuga (Feb and March). “Honda will surprise Indian customers across scooter and motorcycle segments in 2015. Starting with […]
According to a recent survey revealed by travel site Skyscanner, 59% of women travelers in India prefer spending more on food in preference to sight-seeing and adventure sports (18%), or even shopping (35%). “Skyscanner’s ‘Food and Spending’ survey discloses the habits of Indian travellers on the go. The survey also revealed that even though Matthi […]
SpiceJet is offering tickets for Valentine’s day travel starting from Rs 1,599 including taxes. Under the special Valentine’s Day Offer titled “We Love You With All Our Heart”, flyers can book one-way tickets from February 04 to February 06, 2015. The Valentine Day offer is for travel between the periods February 14 to April 15, […]
The National Consumer Disputes Redressal Forum, the apex body of consumer courts in India, cancelled the compensation of over Rs 1.3 lakhs awarded to a student who had been ejected by Air India over transit visa problems. The student, daughter of Sushil Kumar of Amritsar, had booked an Air India flight from Amritsar to Pittsburgh […]
Reserve Bank of India governor Raghuram Rajan today kept key interest rates unchanged, even as he reduced mandatory cash-reserve requirements for banks in an effort to make more money available for lending. The broad reaction from the market – whether from corporates or financial services industry – was that the development was on expected lines. […]
Honda Motorcycle & Scooter said domestic sales jumped 14% in January 2015 over the same month last year, in stark contrast to the slow growth reported by other motorcycle companies. Exports too grew by 14% in the month. Total sales, including exports, was 393,787 units, up from 3,44,750 units sold in January’14. In comparison, Honda […]
US-based pharma company Mylan Inc said it was buying “certain female health care businesses” from Famy Care Ltd of India. Famy is largely into generic oral contraceptive products (OCPs) for women. The acquisition will be for $750 million (Rs 4,600 cr) in cash plus additional contingent payments of up to $50 million. The deal makes […]
Almost no one in the analyst community expects Reserve Bank of India Governor Raghuram Rajan to cut key interest rates during his monetary policy review tomorrow. Rajan was widely expected to cut the repo rate, at which RBI lends to the banks, tomorrow, but the governor caught the market by surprise two weeks ago with […]
Close on the heels of Airtel tying up with Kotak Mahindra Bank, Mukesh Ambani’s Reliance Industries Ltd has announced that government-controlled State Bank of India will be its partner in its payment bank venture. The day also saw Future Group, which runs Big Bazaar, and Idea Cellular, announcing that they too have applied for payments […]
