Business

Tool to help multinational firms assess bribery risk

Researchers have created a tool that will help multinational companies assess the business bribery risks faced when conducting business in foreign countries and tailor compliance policies to address those threats.

Reliance Power commissions 100-MW solar unit in Rajasthan

Reliance Power, a part of the Anil Ambani-led group, has commissioned a 100-MW solar project in Rajasthan at a cost of Rs.2,100 crore, and synchronised the supplies to the grid.

Strike hits banking operations in Tamil Nadu

Banking operations in Tamil Nadu came to a virtual standstill Wednesday as around 60,000 bankers demanding a wage revision went on a strike, said an official.

Data tariff may drop 20 percent with Reliance Jio’s entry: Fitch

The entry of Reliance Jio in the telecom space in the first half of 2015 will intensify competition in the data space and may cause data tariff to decline by at least 20 percent, Fitch Ratings said here Tuesday.

SAT to hear appeals filed by DLF, executives Dec 10

The Securities Appellate Tribunal (SAT) Tuesday admitted an appeal filed by top executives of realty major DLF Ltd against the capital market regulator’s Oct 13 market access ban order.

Panel on fixing coal-auction floor price to meet Tuesday

An inter-ministerial committee (IMC) of secretaries is expected to meet here Tuesday to work out a methodology for setting reserve prices for auctioning coal blocks cancelled recently by the Supreme Court.

G20 nations subsidise fossil fuel exploration by $88 billion: Study

The world’s major economies subsidise oil, gas and coal companies by as much as $88 billion a year to explore new reserves, media reported Tuesday, citing a new study.

IS planning to introduce own currency?

The Islamic State (IS) terrorist organisation plans to introduce its own currency and bring back solid gold and silver coins, according to media reports.

Google signs 60-year lease with NASA

In a bid to reduce costs and shed surplus property, the US space agency has signed a 60-year lease with Planetary Ventures LLC - a shell organisation operated by Google for real estate deals

Sensex gains 61 points; healthcare stocks surge

A benchmark index of Indian equities markets Tuesday was trading 61.02 points or 0.22 percent up in the early session as the healthcare sector gained.

India, Australia to conclude several agreements during Modi visit

Fixing up timelines for concluding negotiations on a bilateral trade agreement

CIL to mine 1,000 million tonnes coal by 2019

Union Coal Secretary Anil Swarup Monday said the state-owned Coal India Ltd (CIL) would mine 1,000 million tonnes of coal by 2019 -- doubling its present production of 500 million tonnes.

Indian healthcare providers to spend $1.1 bn on IT in 2014: Gartner

Healthcare providers in India are expected to spend $1.1 billion on information technology products and services in 2014, an increase of 5 percent over 2013, Gartner said here Monday.

’Child mortality rates falling in the developing world’

The child mortality gap has narrowed between the poorest and wealthiest households in more than 50 developing countries, says a new study from Stanford University’s School of Medicine.

Sensex slips 84 points; capital goods stocks plunge

A benchmark index of Indian equities markets was trading 83.85 points or 0.30 percent down Monday as the capital goods stocks plunged.

Jayant Sinha, an investment strategist and Harvard-IIT alumni

The son of senior BJP leader and former minister Yashwant Sinha, Jayant Sinha, 51, was elected to the Lok Sabha this year from Hazaribagh in Jharkhand.

How to invest for public good and returns

A leading US think tank has launched a new report to encourage impact investing or enabling private investment for public good and financial returns with 30 case studies from around the world, including India.

BRICS bank welcome alternative to fund infrastructure: Suresh Prabhu

The recently created BRICS bank is a welcome development in having multiple funding options for the much-needed investment for the infrastructure sector

IMF

Pakistan hopes to get $1.1 bn from IMF

Pakistan will more likely receive a loan instalment 1.1 billion dollars from the International Monetary Fund (IMF) next month as the latter is satisfied with its economic performance

APEC anti-graft network begins operations

An anti-graft law enforcement network that promotes cooperation in crackdown on corruption, bribery, money laundering and illegal trade among the Asia-Pacific Economic Cooperation (APEC) economies has started operations

Foreign investors land on positive domestic and global cues

Mumbai, Nov 8 Foreign Portfolio Investors (FPIs) became net buyers in the Indian equities market for the week ended Nov 7...

 Mining rights still elusive for Posco

Bhubaneswar, Nov 8 Posco has been given the green signal by the state government to mine at Jagatsinghpur in Odisha...

FICCI to take 10-member CEO delegation to Germany

New Delhi, Nov 8 The Federation of Indian Chambers of Commerce and Industry (FICCI)...

Jaitley to open India Global Forum

New Delhi, Nov 8 Finance Minister Arun Jaitley will open the two-day India Global Forum meeting beginning here Sunday with his keynote address.

Middle East business honcho promises 5,000 nurses jobs

Thiruvananthapuram, Nov 8 As many as 5,000 nurses in Kerala can look for a well-paying job in the Middle East in the next one year...

Pakistan, China ink 19 agreements

Beijing, Nov 8 Pakistan and China Saturday signed 19 agreements and Memorandums of Understanding...

Gold drops to Rs.25,800 per 10 grams

Riding on the back of an improving global economy, gold prices dropped to Rs.25,800 per 10 grams in the national capital Friday.

Sensex closes in red; metal stocks down

A benchmark index of Indian equities markets Friday closed in the red - falling 47 points or 0.17 percent, as metal, capital goods and automobile scrip came under heavy selling pressure.

India Ratings marginally cuts India’s growth forecast

Financial ratings firm India Ratings & Research Friday downgraded its gross domestic product (GDP) growth forecast to 5.6 percent from 5.7 percent due to expected low rise in industrial activity.

SpiceJet suspends Surat operations, after run-inn with a stray animal

Budget passenger carrier SpiceJet Friday said that it has suspended its services to Surat indefinitely, after one of its aircraft had a run-in with a stray animal at the city’s airport last night.

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