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April 25, Friday 2014 2:09 AM       
       HEADLINES: My policy is party’s policy: Sudheeran                                              Consensus will be reached on bar licence issue before UDF meet: Chennithala.                                              Nilamboor housewife gets hacked                                              Palakkad coach factory: Decision within a month                                              CM opposed to ‘insulting’ Royal family                                              Sixth phase of LS polls underway                                              Brisk polling in Maha; Rekha, Vidya Balan among early voters                                              Police raid Giriraj Singh's home to arrest him                                              Jama Masjid terror attack: Yasin Bhatkal refused bail                                              South Korean ferry mishap: Toll reaches 171                                              Umadevi loses billiards final                                              Sindhu, Gurusaidutt progress to Asian Championships quarters                                              RCB opt to bowl against Knight Riders                                              Kaumudi Facebook
       BUSINESS  
         Nokia trying its best to ensure Chennai plant transfer    
 
 
NEW DELHI: Running against time to conclude its USD 7.2 billion deal with Microsoft, Finnish mobile maker Nokia is doing "all it can" to ensure that its biggest manufacturing facility in South Asia is part of the deal.

 
         Apple approves additional $30 billion share buyback    
 
 
NEW YORK: In a move to reward investors, tech giant Apple has approved an additional USD 30 billion share buyback by 2015 and declared a seven-for-one stock split on the back of strong iPhone sales that pushed its March quarter profit up 7 per cent.

 
         World Bank nod to USD 1,100 million loan for rail corridor    
 
 
NEW DELHI: The World Bank has sanctioned a loan of USD 1,100 million for construction of 393 km long double line between Mughalsarai-Bhaupur section of Eastern Dedicated Freight Corridor project.

 
         RIL raises $550 mn from Japanese banks    
 
 
MUMBAI: Mukesh Ambani-led Reliance Industries Ltd (RIL) Wednesday said it has raised $550 million as loan from Japanese banks for part-funding expansion of its petrochemical plant and new gasification unit.

 
         YES Bank Q4 net up 19 at Rs 430 cr; to raise upto USD 500 mn    
 
 
MUMBAI: Private sector lender YES Bank today posted a 18.8 per cent jump in net profit at Rs 430.21 crore for the fourth quarter ended March 31, 2014.

 
         Sensex hits new record-high of 22,869.85; Nifty touches 6,861    
 
MUMBAI: Continuing its record-breaking spree, the benchmark BSE Sensex hit another lifetime high of 22,869.85 today as stocks of capital goods, IT, healthcare and auto sectors led the rally on capital inflows amid a firming trend overseas.

 
         Novartis buys GSK's cancer drugs for $16 bn in three-part deal    
 
 
LONDON: Global pharma major Novartis will acquire GlaxoSmithKline plc's (GSK) cancer drugs portfolio for USD 16 billion and sell its vaccines business in return for USD 7.1 billion, apart from forming a joint venture for the consumer healthcare business in a three-part transaction.

 
         NRI deposits in India about $65 bn in last 6 months: Lord Paul    
 
 
NEW DELHI: Reminding the role played by non-resident Indians (NRIs) in the country's development, UK-based leading industrialist Lord Swraj Paul has said almost USD 65 billion have come into India in the last six months through NRI deposits.

 
         Sensex hits new record high of 22,812; Nifty at 6,827    
 
 
MUMBAI: The benchmark BSE Sensex today soared to a new record high of 22,812.36 in opening trade on sustained foreign capital inflows and tracking positive domestic cues including robust corporate earnings.

 
         Alstom bags 30 million euro contract from BHEL    
 
 
NEW DELHI: French power equipment maker Alstom today said it has bagged a 30 million euro contract from state-owned BHEL to supply parts and services for a thermal power plant in Odisha.

 
         Sensex closes 136 points up; capital goods stocks gain    
 
MUMBAI: A benchmark index of the Indian stock markets Monday gained 136 points or 0.60 percent, as capital goods, metal and bank stocks rose sharply.

 
         RBI ED Gopalakrishna takes VRS, joins as director CAFRAL    
 
 
MUMBAI: Reserve Bank executive director G Gopalakrishna has voluntarily retired from the service and joined as director of Centre for Advanced Financial Research and Learning (CAFRAL).

 
         India's forex reserves rise to $309.44 bn    
 
 
MUMBAI: India's foreign exchange (forex) reserves rose by $2.79 billion to $309.44 billion for the week ended April 11, Reserve Bank of India (RBI) data showed.

 
         Online PF transfer for workers under private trusts from July    
 
 
NEW DELHI: The organised sector workers covered under private PF trusts, which manage their employees' retirement fund themselves, will be able to transfer their PF accounts online from July this year.

 
         Gold falls on sluggish demand, global cues    
 
 
NEW DELHI: Snapping a two-day rising trend, gold prices fell by Rs 20 to Rs 30,230 per ten gram in the national capital on Friday owing to slackened demand at prevailing higher levels amid weak global cues.

 
         HCL Tech Q3 net profit up 59 per cent    
 
 
NEW DELHI: IT services firm HCL Technologies on Thursday posted 59 per cent increase in net profit at Rs 1,624 crore for the quarter ended March 31, 2014.

 
         Sensex surges 351 pts on value buying    
 
 
MUMBAI: After three days of losses, the BSE benchmark Sensex today surged by over 351 points on value buying by foreign funds amid corporates TCS and HCL Tech reporting robust fourth quarter earning figures.

 
         RComm to hike pre-paid call rates by up to 20 percent    
 
 
NEW DELHI: Reliance Communications will raise tariffs by up to 20 percent for all its pre-paid customers across the country from April 25, the company said here Wednesday.

 
         Flat is out, curve is in    
 
 
MOLLYWOOD: Electronic gadgets with curved displays are not just marketing hype, they have both promise and style, says Molly Wood...

 
         ONGC may save up to $800 mn if it uses RIL's KG set-up:Report    
 
 
HYDERABAD: State-owned ONGC could save up to USD 800 million on capital cost if it decides to use infrastructure facilities owned by Reliance Industries at KG-Basin for processing gas, according to a draft report submitted by Aker Solutions.

 
         LIC trims stake in Infosys to 3.25%; garners Rs 850 cr    
 
 
NEW DELHI: State-run insurer Life Insurance Corporation of India (LIC) has reduced its stake in Infosys to 3.25 per cent in the last quarter, with the share sale estimated at over Rs 850 crore.

 
         India should not embrace protectionist policies:US telecom    
 
 
WASHINGTON: In order to attract investment, Indian Government should continue a policy approach that is pro-competition and pro-growth and not embrace policies that rely on protectionism, the American telecom industry said Friday.

 
         First in FY14: RBI didn't buy dollars in Feb; sold $530 mn    
 
 
MUMBAI: For the first time in 11 months of 2013-14 fiscal, the Reserve Bank did not purchase any dollars at all in February from the market, but sold USD 530 million.

 
         Differences with BJP a media speculation: Rajan    
 
 
WASHINGTON: Brushing aside as "speculation" that he has differences with the leaders of BJP, widely expected to form the next government, Reserve Bank of India Governor Raghuram Rajan said they are "media invention".

 
         Maruti to recall 1,03,311 units of Ertiga, Swift, DZire    
 
 
NEW DELHI: In one of the biggest vehicle recalls, Maruti Suzuki India is recalling 1,03,311 units of its popular models -- Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck. The company said the recall will impact 42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga. "This exercise is limited to vehicles within the above specified range and does not pertain to any other vehicle of the company," Maruti S

 
         Pvt sector feels India is a 'difficult place' for business: WB    
 
 
WASHINGTON: The private sector strongly feels that India is a difficult place to do business in due to many regulations, World Bank President Jim Yong Kim said today, calling for necessary reform to create a better environment and spur growth.

 
         Sensex at fresh record high of 22,769; Nifty holds 6,800 level    
 
 
MUMBAI: The benchmark BSE Sensex climbed to a new record high of 22,769.20 in early trade today on sustained buying by funds and retail investors amid a firming trend in Asian markets.

 
         Piramal to divest 11 pc stake in Vodafone India for Rs 8,900cr    
 
 
NEW DELHI: Piramal Enterprises today said it will sell its 11 per cent stake in Vodafone India to the UK based telecom giant for Rs 8,900 crore.

 
         Toyota India to recall 44,989 units of Innova    
 
 
BANGALORE: Indo-Japanese joint venture Toyota Kirloskar Motor (TKM) Wednesday said it is recalling 44,989 units of the multi-utility vehicle Innova manufactured between February 2005 and December 2008.

 
         Sensex gains 103 points in early trade    
 
 
MUMBAI: The benchmark BSE Sensex recovered over 103 points in early trade today on increased foreign funds inflow amidst the IMF's forecast of better growth prospects for India in 2014.

 
 
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