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July 23, Wednesday 2014 11:04 AM       
       HEADLINES: Muraleedharan to leave for Delhi                                              No unanimous decision taken on plus two schools, says Rabb                                              Death of woman: Fake exorcist remanded                                              Gangs that kidnap boys for unnatural sex rampant at Thampanoor                                              Reports linking me to Speaker’s post just media creation: K C Joseph                                              Corrupt judge charge: Katju poses six questions to Lahoti                                              Furore in Parliament over judicial appointments                                              SC denies bail to Sahara Group chief Subrata Roy                                              Child rape case: Karnataka CM courts fresh controversy                                              Racial slurs, discrimination - we face it all: Northeasterners                                              Ukraine separatists hand over black boxes to Malaysian experts                                              Three foreign advisers killed near Kabul airport                                              UNSC demands ‘unrestricted’ access, probe into MH17 crash                                              Mexican posts murder confession on Facebook, held                                              Al Qaeda leaders killed in Pakistan's US drone attacks                                              Money not very good but ISL won't harm Indian football: Bhutia                                              Djokovic retains singles top spot, Paes 13th in doubles                                              No one appreciates my efforts other than team-mates: Sharma                                              Kaumudi Facebook
       BUSINESS  
         Over Rs 5,840 loss for Indian airline industry in 2012-13:Govt    
 
 
NEW DELHI: The Indian airline industry suffered a total operating loss of over Rs 5,840 crore, including over Rs 3,159 crore of Air India, in 2012-13, Rajya Sabha was informed today.

 
         Need more clarity on REITs' taxation: Parekh    
 
 
MUMBAI: Terming the budget announcement on giving pass through status to REITs (real estate investment trusts) as a "good beginning", HDFC Chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on taxation front for it to be successful.

 
         Incipient recovery on anvil for India: SBI    
 
 
NEW DELHI: An 'incipient recovery' is round the corner for the Indian economy and it is expected to clock a GDP growth rate of 5.5 per cent in the first quarter of the current fiscal amid signs of improved sentiment on consumer spending and the monsoon, says a report.

 
         Air India resumes Delhi-Moscow flight service after 15 years    
 
 
MUMBAI: After a gap of 15 years, national carrier Air India has resumed air service to Moscow with the launch of non-stop daily New Delhi-Moscow flight on July 18.

 
         Revenue collection expected to exceed target this fiscal: FM    
 
 
NEW DELHI: After missing target in the last financial year, the government today exuded confidence that tax collection during the current fiscal would exceed budget estimate of Rs 13.64 lakh crore.

 
         SAIL,RINL spend Rs 7,000 cr for plants' maintenance in 3 years    
 
 
NEW DELHI: State-owned SAIL and RINL together incurred average expenditure of more than Rs 7,000 crore towards maintenance of different plants in the last three financial years, the government said today.

 
         Sun Pharma-Ranbaxy deal gets BSE, NSE clearance    
 
NEW YORK: The USD 4-billion merger of Ranbaxy Labs with Sun Pharmaceutical has got clearance from the two leading stock exchanges -- BSE and NSE.

 
         Draft Cab note for govt stake dilution in SBI nxt month:Sandhu    
 
 
NEW DELHI: Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.

 
         Forbes publisher sold to Asian investors    
 
 
NEW YORK: The publisher of the US business magazine Forbes said today that a controlling stake in the group had been sold to a Hong Kong-based investment consortium.

 
         Wipro inks $1.1bn IT deal with ATCO;acquires IT arm for $195mn    
 
 
BANGALORE: Wipro has entered into a multi- million dollar dual pact with ATCO through which India's third largest software services company will provide a complete suite of outsourcing solutions to the Canadian firm as well as acquire its IT services arm.

 
         IT shares lift Sensex to nearly two-week highs    
 
MUMBAI: Smart gains in IT stocks helped the benchmark Sensex today wash out early losses and end 80 points up at 25,641.56, nearly two-week highs, on good TCS earnings.

 
         Google's Chief Business Officer Nikesh Arora leaving company    
 
 
NEW YORK: In a surprise move, Google's Chief Business Officer India-born Nikesh Arora, regarded as among the top lieutenants at the Internet search giant, is leaving the company after almost 10 years.

 
         Microsoft to axe 18,000 jobs globally; India impact minimal    
 
 
NEW YORK: In the first major realignment of workforce since India-born Satya Nadella took over as CEO, Microsoft has announced slashing of up to 18,000 jobs worldwide by next year as the software giant attempts to sharpen focus on cloud and mobile offerings.

 
         Sensex closes at over 1-week high; Hindalco logs best gain    
 
MUMBAI: Rising for the third session, the benchmark Sensex today edged higher to end at over one-week closing peak of 25,561.16 supported by gains in shares from metal and power sectors.

 
         Nissan CEO: Japan female bosses goal too ambitious    
 
 
TOKYO: Nissan's chief executive, who has long made a point of promoting women to management positions, said the Japanese prime minister's plan to boost female bosses to 30 per cent by 2020 is too ambitious. The participation of women in Japan's workforce is very low by developed nation standards.

 
         BRICS bank to get going in 2 yrs; India to head for 6 yrs    
 
 
FORTATEZA: India will have the Presidency of the BRICS' USD 100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the West.

 
         Tata Comm to invest $200 mn to double data centres in India    
 
 
NEW DELHI: Global Internet solutions provider Tata Communications today said that it has plans to invest USD 200 million over a period of three years to double its data centre capacity in India.

 
         Sun Pharma acquires US-based Pharmalucence    
 
 
NEW DELHI: Drug major Sun Pharmaceutical Industries has acquired US-based Pharmalucence Inc for an undisclosed amount. Pharmalucence, which has sterile injectable capacity in the US, has been acquired by one of the subsidiaries of Sun Pharma, the Mumbai-based firm said in a statement today.

 
         Oil Min to move Cabinet to allow RIL to retain gas finds    
 
 
NEW DELHI: The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth USD 1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.

 
         DLF plans to raise Rs 3,500cr via securities backed by IT SEZs    
 
 
NEW DELHI: India's largest realty firm DLF is planning to raise up to Rs 3,500 crore through issue of securities backed by IT-SEZs to replace its costlier debt.

 
         Microsoft to reinvent productivity to empower people: Nadella    
 
WASHINGTON: With its ''mobile-first, cloud- first world'' concept, Microsoft aims to reinvent productivity to empower every person and organisation on the planet, company's CEO Satya Nadella said on Monday.

 
         Airtel sells Beetel's majority stake to Brightstar    
 
 
NEW DELHI: Telecom major Bharti Airtel today sold majority stake in its telecom manufacturing and distribution arm Beetel Teletech to US-based global distribution firm Brightstar for an undisclosed sum.

 
         Sensex rebounds 188 pts in early trade on easing inflation    
 
 
MUMBAI: The benchmark BSE Sensex rebounded by over 188 points in early trade today on revival of buying by funds and retail investors after retail inflation eased to 30-month low of 7.31 per cent.

 
         Chinese FDI into India could touch USD 30 bln by 2025: Book    
 
 
SINGAPORE: Chinese foreign direct investment (FDI) into India could touch USD 30 billion by 2025, says a book. "We deem it entirely possible that, by 2025, the stock of Chinese FDI into India could be USD 30 billion, and if Chinese industrial clusters come to be established (in India) even larger, says the book titled "The Silk Road Discovered".

 
         Inflation dips to 5.43 per cent in June    
 
 
NEW DELHI: After rising to a five-month high in May, inflation dipped to 5.43 per cent in June mainly on account of decline in prices of food items and vegetables with the exception of potato and onion.

 
         Budget announcements positive for infra in long term: Fitch    
 
MUMBAI: The country's infrastructure sector will get a huge boost from the multitude budgetary proposals, especially those on easing the funding for the sector, ratings agency Fitch said today.

 
         Govt slaps $579 million additional penalty on RIL    
 
 
NEW DELHI: The government has slapped an additional penalty of $579 million on Reliance Industries for producing less than targeted natural gas from its KG-D6 block, oil minister Dharmendra Pradhan said on Monday.

 
         Budget has brought clarity in tax policies: FinMin    
 
 
NEW DELHI: Government today said the Budget 2014-15 has brought about clarity in tax policies and it will walk the difficult path to bring growth impulses back into the economy amidst fiscal constraints.

 
         IIP grows to 19-month high of 4.7% in May    
 
 
NEW DELHI: Showing signs of recovery, industrial production grew at 19-month high of 4.7 per cent in May due to improved performance of manufacturing, mining and power sectors and higher output of capital goods.

 
         Sensex slips into negative zone; tanks 197 pts at midsession    
 
 
MUMBAI: The benchmark BSE Sensex failed to hold initial gains and plunged 197 points during midsession as funds and retail investors indulged in profit-booking amid weak global cues.

 
 
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