Business News from Moneycontrol.com http://www.moneycontrol.com Wed, 17 Oct 2012 21:50:01 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/business/tam-suspends-audience-measurement-reports-for-2-months_770250.html <img src="http://www.moneycontrol.com/news_image_files/2012/t/tv_final_011328448660.jpg" alt="TAM suspends audience measurement reports for 2 months" title="TAM suspends audience measurement reports for 2 months" border="0" width="75" height="75" align=" left" hspace="5"/> As the government pushes towards digitisation of cable services in the four metros, rating agency TAM will suspend bringing out its audience measurement reports for two months fearing that discrepancies could creep in its data during the switchover to digital. Wed, 17 Oct 2012 21:35:01 +0530 http://www.moneycontrol.com/news/business/tam-suspends-audience-measurement-reports-for-2-months_770250.html http://www.moneycontrol.com/news/business/maruti-looking-at-small-towns-to-drive-alto-sales_770229.html <img src="http://www.moneycontrol.com/news_image_files/2012/m/marutisuzuki_logo_24_190.jpg" alt="Maruti looking at small towns to drive Alto sales" title="Maruti looking at small towns to drive Alto sales" border="0" width="75" height="75" align=" left" hspace="5"/> Maruti Suzuki is looking at rural areas and small towns to build more volumes for its latest launch the new Alto 800. Wed, 17 Oct 2012 20:40:49 +0530 http://www.moneycontrol.com/news/business/maruti-looking-at-small-towns-to-drive-alto-sales_770229.html http://www.moneycontrol.com/news/business/new-coal-units-awaiting-green-nod-pratik-patil_770226.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/india_coal_19041527.jpg" alt="New coal units awaiting green nod: Pratik Patil" title="New coal units awaiting green nod: Pratik Patil" border="0" width="75" height="75" align=" left" hspace="5"/> Minister of State for Coal Pratik Patil today said proposals for setting up new coal facilities are pending for want of environmental clearance. Wed, 17 Oct 2012 20:36:07 +0530 http://www.moneycontrol.com/news/business/new-coal-units-awaiting-green-nod-pratik-patil_770226.html http://www.moneycontrol.com/news/business/general-motors-raises-stakeindian-venture_770205.html <img src="http://www.moneycontrol.com/news_image_files/2012/g/gm_20034008.jpg" alt="General Motors raises stake in Indian venture" title="General Motors raises stake in Indian venture" border="0" width="75" height="75" align=" left" hspace="5"/> General Motors Co bought back most of the 50-percent stake in its Indian operations that it had sold to Chinese partner SAIC Motor Corp <600104.SS>, regaining control of the joint venture, the automaker said on Tuesday. Wed, 17 Oct 2012 20:02:04 +0530 http://www.moneycontrol.com/news/business/general-motors-raises-stakeindian-venture_770205.html http://www.moneycontrol.com/news/business/jain-irrigation-promoters-pledge-396-cr-shares_770217.html <img src="http://www.moneycontrol.com/news_image_files/Jain_Irrigation_190.jpg" alt="Jain Irrigation promoters pledge 3.96 cr shares" title="Jain Irrigation promoters pledge 3.96 cr shares" border="0" width="75" height="75" align=" left" hspace="5"/> Jain Irrigation Systems (JSPL) today said its promoters have pledged about 3.96 crore shares, which are equivalent to one-third of their stake in the company. Wed, 17 Oct 2012 19:58:18 +0530 http://www.moneycontrol.com/news/business/jain-irrigation-promoters-pledge-396-cr-shares_770217.html http://www.moneycontrol.com/news/business/rbi-eases-priority-sector-norms-for-banks_770201.html The Reserve Bank of India (RBI) on Wednesday eased some priority sector lending norms by expanding the reach of rural credit for banks. Banks are mandated to give loans to sectors like agriculture and housing for weaker section of the society. Wed, 17 Oct 2012 19:28:00 +0530 http://www.moneycontrol.com/news/business/rbi-eases-priority-sector-norms-for-banks_770201.html http://www.moneycontrol.com/news/business/govt-stake-rises-to-555ifci_770180.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/IFCI_Ltd.jpg" alt="Govt stake rises to 55.5% in IFCI" title="Govt stake rises to 55.5% in IFCI" border="0" width="75" height="75" align=" left" hspace="5"/> Government stake in Industrial Finance Corporation of India (IFCI) has increased to 55.5 per cent after the company allotted 40 crore shares following conversion of bonds. Wed, 17 Oct 2012 18:21:04 +0530 http://www.moneycontrol.com/news/business/govt-stake-rises-to-555ifci_770180.html http://www.moneycontrol.com/news/business/steel-min-asks-moil-to-raise-production_770173.html <img src="http://www.moneycontrol.com/news_image_files/2012/a/asia_steel_preview.jpg" alt="Steel Min asks MOIL to raise production" title="Steel Min asks MOIL to raise production" border="0" width="75" height="75" align=" left" hspace="5"/> Steel Minister Beni Prasad Verma today directed state-run manganese ore producer MOIL to raise production to meet the increasing requirement of the steel industry. Wed, 17 Oct 2012 18:00:04 +0530 http://www.moneycontrol.com/news/business/steel-min-asks-moil-to-raise-production_770173.html http://www.moneycontrol.com/news/business/kingfisher-airs-licence-may-be-cancelled-ajit-singh_770161.html <img src="http://www.moneycontrol.com/news_image_files/2012/k/kingfisher_india_190.jpg" alt="Ajit Singh" title="Ajit Singh" border="0" width="75" height="75" align=" left" hspace="5"/> Passengers can expect some relief after airport development fee (ADF) is scrapped from January, said civil aviation minister Ajit Singh. He said that Airports Authority of India (AAI) has made around RS 5,000 crore in the last five years by charging ADF at Mumbai and Delhi airports. Wed, 17 Oct 2012 17:52:50 +0530 http://www.moneycontrol.com/news/business/kingfisher-airs-licence-may-be-cancelled-ajit-singh_770161.html http://www.moneycontrol.com/news/business/dgh-may-look-at-new-oil-gas-sharing-system-for-govt_770152.html <img src="http://www.moneycontrol.com/news_image_files/2012/s/sector_oil1_190.jpg" alt="DGH may look at new oil, gas sharing system for govt" title="DGH may look at new oil, gas sharing system for govt" border="0" width="75" height="75" align=" left" hspace="5"/> Amidst controversy over fall in output from RIL's KG-D6 gas fields, Directorate General of Hydrocarbons (DGH) today appeared to favour scrapping the present system of contracts and instead asking firms to bid for the share of oil and gas they can offer to the government. Wed, 17 Oct 2012 17:36:10 +0530 http://www.moneycontrol.com/news/business/dgh-may-look-at-new-oil-gas-sharing-system-for-govt_770152.html http://www.moneycontrol.com/news/business/telecom-comm-for-refarming-entire-spectrum900-mhz-band_770160.html <img src="http://www.moneycontrol.com/news_image_files/telecomtowers_final_cover_091749157479.jpg" alt="Telecom Comm for refarming entire spectrum in 900 Mhz band" title="Telecom Comm for refarming entire spectrum in 900 Mhz band" border="0" width="75" height="75" align=" left" hspace="5"/> In a move that is being widely opposed by the GSM players, Telecom Commission, the highest decision making body of Department of Telecom (DoT), today recommended existing operators surrendering the entire spectrum in 900 MHz band at the time of their licence renewal in 2014. Wed, 17 Oct 2012 17:31:51 +0530 http://www.moneycontrol.com/news/business/telecom-comm-for-refarming-entire-spectrum900-mhz-band_770160.html http://www.moneycontrol.com/news/business/xchanging-solutions-offer-for-sale-to-openocotber-23_770140.html <img src="http://www.moneycontrol.com/news_image_files/software-190.jpg" alt="Xchanging Solutions offer for sale to open on Ocotber 23" title="Xchanging Solutions offer for sale to open on Ocotber 23" border="0" width="75" height="75" align=" left" hspace="5"/> Xchanging (Mauritius) has proposed to sell 6,86,377 equity shares of its subsidiary Xchanging Solutions through the offer for sale on the BSE on October 23, 2012 to meet the minimum public holding limit of 25 percent. Wed, 17 Oct 2012 17:24:39 +0530 http://www.moneycontrol.com/news/business/xchanging-solutions-offer-for-sale-to-openocotber-23_770140.html http://www.moneycontrol.com/news/business/it-space-needs-new-products-to-meet-36300bn-target-infosys_770137.html <img src="http://www.moneycontrol.com/news_image_files/2012/s/S_Gopalkrishnan_Infosys_190.jpg" alt="Kris Gopalakrishnan" title="Kris Gopalakrishnan" border="0" width="75" height="75" align=" left" hspace="5"/> Infosys Executive Co-Chairman Kris Gopalakrishna today said IT industry should create new products and revenue streams to achieve the USD 300 billion revenue target by 2020. Wed, 17 Oct 2012 17:17:49 +0530 http://www.moneycontrol.com/news/business/it-space-needs-new-products-to-meet-36300bn-target-infosys_770137.html http://www.moneycontrol.com/news/business/tata-steel-europe-to-invest-15-bn-pound-till-2015-16_770125.html <img src="http://www.moneycontrol.com/news_image_files/2012/c/corus_tata_19351413.jpg" alt="Tata Steel Europe to invest 1.5 bn pound till 2015-16" title="Tata Steel Europe to invest 1.5 bn pound till 2015-16" border="0" width="75" height="75" align=" left" hspace="5"/> Tata Steel will invest in excess of 1.5 billion pound (nearly Rs 13,000 crore) in its European operations till 2015-16 to spruce up its existing equipment and bring out new products, among others. Wed, 17 Oct 2012 17:02:11 +0530 http://www.moneycontrol.com/news/business/tata-steel-europe-to-invest-15-bn-pound-till-2015-16_770125.html http://www.moneycontrol.com/news/business/vikram-pandit-forced-out-as-citigroup-chief-reports_770133.html <img src="http://www.moneycontrol.com/news_image_files/citi-vikrampandit-190.jpg" alt="Vikram Pandit forced out as Citigroup chief: Reports" title="Vikram Pandit forced out as Citigroup chief: Reports" border="0" width="75" height="75" align=" left" hspace="5"/> Citigroup's India-born chief Vikram Pandit, who has made a sudden exit, was forced to leave the banking behemoth following differences with the board over strategy and overall business performance, media reports said. Wed, 17 Oct 2012 16:50:09 +0530 http://www.moneycontrol.com/news/business/vikram-pandit-forced-out-as-citigroup-chief-reports_770133.html
Business News from Moneycontrol.com http://www.moneycontrol.com Wed, 17 Oct 2012 21:50:01 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/business/tam-suspends-audience-measurement-reports-for-2-months_770250.html <img src="http://www.moneycontrol.com/news_image_files/2012/t/tv_final_011328448660.jpg" alt="TAM suspends audience measurement reports for 2 months" title="TAM suspends audience measurement reports for 2 months" border="0" width="75" height="75" align=" left" hspace="5"/> As the government pushes towards digitisation of cable services in the four metros, rating agency TAM will suspend bringing out its audience measurement reports for two months fearing that discrepancies could creep in its data during the switchover to digital. Wed, 17 Oct 2012 21:35:01 +0530 http://www.moneycontrol.com/news/business/tam-suspends-audience-measurement-reports-for-2-months_770250.html http://www.moneycontrol.com/news/business/maruti-looking-at-small-towns-to-drive-alto-sales_770229.html <img src="http://www.moneycontrol.com/news_image_files/2012/m/marutisuzuki_logo_24_190.jpg" alt="Maruti looking at small towns to drive Alto sales" title="Maruti looking at small towns to drive Alto sales" border="0" width="75" height="75" align=" left" hspace="5"/> Maruti Suzuki is looking at rural areas and small towns to build more volumes for its latest launch the new Alto 800. Wed, 17 Oct 2012 20:40:49 +0530 http://www.moneycontrol.com/news/business/maruti-looking-at-small-towns-to-drive-alto-sales_770229.html http://www.moneycontrol.com/news/business/new-coal-units-awaiting-green-nod-pratik-patil_770226.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/india_coal_19041527.jpg" alt="New coal units awaiting green nod: Pratik Patil" title="New coal units awaiting green nod: Pratik Patil" border="0" width="75" height="75" align=" left" hspace="5"/> Minister of State for Coal Pratik Patil today said proposals for setting up new coal facilities are pending for want of environmental clearance. Wed, 17 Oct 2012 20:36:07 +0530 http://www.moneycontrol.com/news/business/new-coal-units-awaiting-green-nod-pratik-patil_770226.html http://www.moneycontrol.com/news/business/general-motors-raises-stakeindian-venture_770205.html <img src="http://www.moneycontrol.com/news_image_files/2012/g/gm_20034008.jpg" alt="General Motors raises stake in Indian venture" title="General Motors raises stake in Indian venture" border="0" width="75" height="75" align=" left" hspace="5"/> General Motors Co bought back most of the 50-percent stake in its Indian operations that it had sold to Chinese partner SAIC Motor Corp <600104.SS>, regaining control of the joint venture, the automaker said on Tuesday. Wed, 17 Oct 2012 20:02:04 +0530 http://www.moneycontrol.com/news/business/general-motors-raises-stakeindian-venture_770205.html http://www.moneycontrol.com/news/business/jain-irrigation-promoters-pledge-396-cr-shares_770217.html <img src="http://www.moneycontrol.com/news_image_files/Jain_Irrigation_190.jpg" alt="Jain Irrigation promoters pledge 3.96 cr shares" title="Jain Irrigation promoters pledge 3.96 cr shares" border="0" width="75" height="75" align=" left" hspace="5"/> Jain Irrigation Systems (JSPL) today said its promoters have pledged about 3.96 crore shares, which are equivalent to one-third of their stake in the company. Wed, 17 Oct 2012 19:58:18 +0530 http://www.moneycontrol.com/news/business/jain-irrigation-promoters-pledge-396-cr-shares_770217.html http://www.moneycontrol.com/news/business/rbi-eases-priority-sector-norms-for-banks_770201.html The Reserve Bank of India (RBI) on Wednesday eased some priority sector lending norms by expanding the reach of rural credit for banks. Banks are mandated to give loans to sectors like agriculture and housing for weaker section of the society. Wed, 17 Oct 2012 19:28:00 +0530 http://www.moneycontrol.com/news/business/rbi-eases-priority-sector-norms-for-banks_770201.html http://www.moneycontrol.com/news/business/govt-stake-rises-to-555ifci_770180.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/IFCI_Ltd.jpg" alt="Govt stake rises to 55.5% in IFCI" title="Govt stake rises to 55.5% in IFCI" border="0" width="75" height="75" align=" left" hspace="5"/> Government stake in Industrial Finance Corporation of India (IFCI) has increased to 55.5 per cent after the company allotted 40 crore shares following conversion of bonds. Wed, 17 Oct 2012 18:21:04 +0530 http://www.moneycontrol.com/news/business/govt-stake-rises-to-555ifci_770180.html http://www.moneycontrol.com/news/business/steel-min-asks-moil-to-raise-production_770173.html <img src="http://www.moneycontrol.com/news_image_files/2012/a/asia_steel_preview.jpg" alt="Steel Min asks MOIL to raise production" title="Steel Min asks MOIL to raise production" border="0" width="75" height="75" align=" left" hspace="5"/> Steel Minister Beni Prasad Verma today directed state-run manganese ore producer MOIL to raise production to meet the increasing requirement of the steel industry. Wed, 17 Oct 2012 18:00:04 +0530 http://www.moneycontrol.com/news/business/steel-min-asks-moil-to-raise-production_770173.html http://www.moneycontrol.com/news/business/kingfisher-airs-licence-may-be-cancelled-ajit-singh_770161.html <img src="http://www.moneycontrol.com/news_image_files/2012/k/kingfisher_india_190.jpg" alt="Ajit Singh" title="Ajit Singh" border="0" width="75" height="75" align=" left" hspace="5"/> Passengers can expect some relief after airport development fee (ADF) is scrapped from January, said civil aviation minister Ajit Singh. He said that Airports Authority of India (AAI) has made around RS 5,000 crore in the last five years by charging ADF at Mumbai and Delhi airports. Wed, 17 Oct 2012 17:52:50 +0530 http://www.moneycontrol.com/news/business/kingfisher-airs-licence-may-be-cancelled-ajit-singh_770161.html http://www.moneycontrol.com/news/business/dgh-may-look-at-new-oil-gas-sharing-system-for-govt_770152.html <img src="http://www.moneycontrol.com/news_image_files/2012/s/sector_oil1_190.jpg" alt="DGH may look at new oil, gas sharing system for govt" title="DGH may look at new oil, gas sharing system for govt" border="0" width="75" height="75" align=" left" hspace="5"/> Amidst controversy over fall in output from RIL's KG-D6 gas fields, Directorate General of Hydrocarbons (DGH) today appeared to favour scrapping the present system of contracts and instead asking firms to bid for the share of oil and gas they can offer to the government. Wed, 17 Oct 2012 17:36:10 +0530 http://www.moneycontrol.com/news/business/dgh-may-look-at-new-oil-gas-sharing-system-for-govt_770152.html http://www.moneycontrol.com/news/business/telecom-comm-for-refarming-entire-spectrum900-mhz-band_770160.html <img src="http://www.moneycontrol.com/news_image_files/telecomtowers_final_cover_091749157479.jpg" alt="Telecom Comm for refarming entire spectrum in 900 Mhz band" title="Telecom Comm for refarming entire spectrum in 900 Mhz band" border="0" width="75" height="75" align=" left" hspace="5"/> In a move that is being widely opposed by the GSM players, Telecom Commission, the highest decision making body of Department of Telecom (DoT), today recommended existing operators surrendering the entire spectrum in 900 MHz band at the time of their licence renewal in 2014. Wed, 17 Oct 2012 17:31:51 +0530 http://www.moneycontrol.com/news/business/telecom-comm-for-refarming-entire-spectrum900-mhz-band_770160.html http://www.moneycontrol.com/news/business/xchanging-solutions-offer-for-sale-to-openocotber-23_770140.html <img src="http://www.moneycontrol.com/news_image_files/software-190.jpg" alt="Xchanging Solutions offer for sale to open on Ocotber 23" title="Xchanging Solutions offer for sale to open on Ocotber 23" border="0" width="75" height="75" align=" left" hspace="5"/> Xchanging (Mauritius) has proposed to sell 6,86,377 equity shares of its subsidiary Xchanging Solutions through the offer for sale on the BSE on October 23, 2012 to meet the minimum public holding limit of 25 percent. Wed, 17 Oct 2012 17:24:39 +0530 http://www.moneycontrol.com/news/business/xchanging-solutions-offer-for-sale-to-openocotber-23_770140.html http://www.moneycontrol.com/news/business/it-space-needs-new-products-to-meet-36300bn-target-infosys_770137.html <img src="http://www.moneycontrol.com/news_image_files/2012/s/S_Gopalkrishnan_Infosys_190.jpg" alt="Kris Gopalakrishnan" title="Kris Gopalakrishnan" border="0" width="75" height="75" align=" left" hspace="5"/> Infosys Executive Co-Chairman Kris Gopalakrishna today said IT industry should create new products and revenue streams to achieve the USD 300 billion revenue target by 2020. Wed, 17 Oct 2012 17:17:49 +0530 http://www.moneycontrol.com/news/business/it-space-needs-new-products-to-meet-36300bn-target-infosys_770137.html http://www.moneycontrol.com/news/business/tata-steel-europe-to-invest-15-bn-pound-till-2015-16_770125.html <img src="http://www.moneycontrol.com/news_image_files/2012/c/corus_tata_19351413.jpg" alt="Tata Steel Europe to invest 1.5 bn pound till 2015-16" title="Tata Steel Europe to invest 1.5 bn pound till 2015-16" border="0" width="75" height="75" align=" left" hspace="5"/> Tata Steel will invest in excess of 1.5 billion pound (nearly Rs 13,000 crore) in its European operations till 2015-16 to spruce up its existing equipment and bring out new products, among others. Wed, 17 Oct 2012 17:02:11 +0530 http://www.moneycontrol.com/news/business/tata-steel-europe-to-invest-15-bn-pound-till-2015-16_770125.html http://www.moneycontrol.com/news/business/vikram-pandit-forced-out-as-citigroup-chief-reports_770133.html <img src="http://www.moneycontrol.com/news_image_files/citi-vikrampandit-190.jpg" alt="Vikram Pandit forced out as Citigroup chief: Reports" title="Vikram Pandit forced out as Citigroup chief: Reports" border="0" width="75" height="75" align=" left" hspace="5"/> Citigroup's India-born chief Vikram Pandit, who has made a sudden exit, was forced to leave the banking behemoth following differences with the board over strategy and overall business performance, media reports said. Wed, 17 Oct 2012 16:50:09 +0530 http://www.moneycontrol.com/news/business/vikram-pandit-forced-out-as-citigroup-chief-reports_770133.html
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