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September 16, Tuesday 2014 10:23 AM       
       HEADLINES: No road expansion possible in Kerala without toll collection: Gadkari                                              BJP to hold a peace march in Kannur                                              Congress gag order defied by Manish Tewari and Rashid Alv                                              Gujarat by-poll: BJP surges ahead in Vadodara LS seat                                              Cartoonist Tony Auth dies at 72                                              India, Vietnam ink seven agreements                                              Direct India-Vietnam air service to begin from November 5                                              US-led coalition leaders meet in Paris for anti-IS summit                                              Champions Trophy: India clubbed with Netherlands, Germany                                              Proud I helped team win: Krajinovic                                              Yuki goes down tamely, India lose Play-off tie 2-3                                              Kaumudi Facebook
         Free diesel prices at the earliest: Rajan    
MUMBAI: The government must take advantage of the lowest oil prices in a year to deregulate diesel, RBI Governor Raghuram Rajan said today.

         Oil Min extends deadline for comments on revenue sharing draft    
NEW DELHI: The Petroleum Ministry has extended by the deadline for commenting on a simpler revenue sharing contract it wants to replace the present Production Sharing Contracts (PSC) with.

         August inflation eases to nearly 5-year low of 3.74 pc    
NEW DELHI: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low.

         India's love affair with gold may be over, as prices slide    
VANGAL: Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young Indian farmer to break with his family's traditional investment.

         Go slow on global low interest rate reversal: Rajan    
MUMBAI: Reserve Bank of India Governor Raghuram Rajan, who had predicted the 2008 financial meltdown, has said that abrupt reversal of low interest rates globally could create substantial amounts of damage and that it should be done in predictable and careful way.He was also worried that altering the price of capital for substantial period of time distorts investment decision and the nature of the economies.

         Sensex closes 65 points up; auto stocks gain    
MUMBAI: A benchmark index of Indian equities markets closed Friday's trade 65.17 points or 0.24 percent up as auto stocks gained. Good buying was observed in auto, healthcare and consumer durables sectors, while selling pressure was seen in capital goods sector.

         Dunkin' Donuts launches Bengaluru outlet; first in South India    
NEW DELHI: Jubilant FoodWorks, master franchise for Dunkin' Donuts today said it has entered South India's market with its launch of an outlet in Bengaluru.

         Govt looking at extending excise duty concessions to auto sec    
NEW DELHI: The government is looking at the proposal for extending excise duty concessions to the automobile sector beyond December, a move that would provide further relief to automakers.

         FinMin framing incentive scheme for bankers to push Jan Dhan    
NEW DELHI: In order to give a push to Jan Dhan scheme, the government is working out an attractive incentive scheme to encourage bankers to expeditiously meet account opening target."The Finance Ministry is preparing incentive scheme for bankers. It will be unveiled soon," sources said.

         No immediate plan to cut gold import duty: Nirmala    
NEW DELHI: The government today said it was not considering any immediate cut in gold import duty, which was hiked to 10 per cent last year to check widening Current Account Deficit (CAD).

         Domestic car sales up 15.16%, bikes 14.45% in Aug    
NEW DELHI: Domestic passenger car sales grew by 15.16 per cent to 1,53,758 units in August this year as compared to 1,33,513 units in the same month of 2013.

         Sensex, Nifty log worst drop in a month; Re hits 61 vs dollar    
MUMBAI: Markets today logged their steepest loss in over month with Sensex falling 208 points and Nifty slipping 59 points on continued profit-booking after hitting record highs recently and concerns that a sooner than expected hike in US interest rates would affect capital inflows.

         India not blocking rule-based global trade: PM    
NEW DELHI: Weeks after India was accused of blocking WTO talks over food subsidy issue, Prime Minister Narendra Modi today said the country does not stand in the way of rule-based global trade but the interests of its poor and farmers cannot be sacrificed.

         Sensex off record highs, down 45 pts in early trade    
MUMBAI: Retreating from record highs, the benchmark BSE Sensex fell over 45 points in early trade today with metal, consumer durables, banking and realty sector stocks leading the decline as participants locked in gains at current levels.

         Suzuki launches premium 150cc bike Gixxer priced at Rs 72,199    
NEW DELHI: Suzuki Motorcycle India today launched its premium 150cc bike Gixxer priced at Rs 72,199 (ex-showroom Delhi) to tap the youth segment as it aims to figure among the top three two-wheeler manufacturers in the country in three years.

         SBI seeks RBI's permission to launch contact-less debit cards    
MUMBAI: The country's largest lender State Bank of India today said it is planning to launch contact-less debit cards which would enable customers to carry out some transactions without entering the pin number.

         SBI seeks RBI's permission to launch contact-less debit cards    
MUMBAI: The country's largest lender State Bank of India today said it is planning to launch contact-less debit cards which would enable customers to carry out some transactions without entering the pin number.

         Sensex, Nifty hit fresh all-time highs on fund inflows    
MUMBAI:The benchmark BSE Sensex and NSE Nifty hit their new record highs by rising 204.25 points to 27,230.95 and 58.30 points to 8,145.15 respectively in early trade today on emergence of heavy buying by funds and retail investors amid a firm Asian trend.

         MSME policy to be introduced soon: Kalraj Mishra    
JAIPUR: Micro Small and Medium Enterprises Minister Kalraj Mishra today said the government would soon introduce a new policy for MSME sector for which his ministry is working and holding discussions with MSME related associations.

         Slow governance responsible for decline in growth: Rajan    
NEW DELHI: Attributing decline in economic growth to "slow governance" and faulty allocation of natural resources, RBI Governor Raghuram Rajan has said GDP will improve to 7 per cent in next three years on back of political stability.

         Wipro wins five-year IT deal from US tobacco major    
BANGALORE: Global software major Wipro Friday announced winning a five-year deal from the US-based tobacco major Philip Morris International for providing IT infrastructure management services.

         USL board orders probe into loans to UB Group companies    
NEW DELHI: The Board of United Spirits Ltd, now controlled by Diageo, has ordered a probe into the loans given by United Spirits to UB Group companies as it posted a whopping net loss of Rs 4,488.77 crore for the financial year ended March 31, 2014.

         Sensex closes in red; auto stocks dip    
MUMBAI: A benchmark index of Indian equities markets Friday closed the day's trade down 54.15 points or 0.20 percent as automobile stocks dipped.

         Maruti to start paying royalty to parent company in INR    
NEW DELHI: Car market leader Maruti Suzuki India will now pay royalty to parent Suzuki Motor Corp in Indian rupees instead of Japanese yen. Addressing shareholders at its annual general meeting, Maruti Suzuki India (MSI) Chairman R C Bhargava said the move would insulate the company from foreign exchange fluctuations.

         Sensex ends in red; metal index down    
MUMBAI: A benchmark index of Indian equities markets closed Thursday trade in the red as metal and capital goods stocks dipped.

         Fujitsu to set up new HPC centre in Bangalore    
NEW DELHI: Japanese IT firm Fujitsu today said it will set up a high performance computing (HPC) Competency Centre in Bangalore to help scientists and engineers perform advanced computational work.

         India to sign free trade agreement with Asean soon: Kher    
NEW DELHI: India today said it has received the free trade agreements on services and investments with ASEAN and it will "shortly" sign the pact.

         Sensex, Nifty touch new highs, IT stocks rise    
MUMBAI: A benchmark index of Indian equities markets touched a new high of 27,225.85 points Wednesday before closing the trade at 27,139.94 points.

         Bank lending norms should be tightened, FinMin to RBI    
NEW DELHI: Against the backdrop of Kingfisher case, the Finance Ministry has asked the Reserve Bank to tighten lending norms to prevent borrowers from opening multiple current account outside their consortium banks.

         Sensex crosses 27K mark, Nifty hit new high on lowering CAD    
MUMBAI: The BSE Sensex today rose by 151 points to surpass the 27,000-mark for the first time and Nifty hit the record 8,100-level on buying by foreign funds triggered by narrowing CAD and better-than-expected growth.

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