Live News

The Live News section at Business-India.in is a collation of news from important news agencies, brought together for your convenience. At one place, you get all the News concerning India and neighbouring countries. Do visit this section daily to keep yourself updated with what is happening around.

• Oman to invest $3 bn in India's fertiliser sector
  Oman and India today agreed to deepen their trade and investment partnership, including investing about $3 billion by Muscat for revival of fertilisers plants in India.
  Posted on:5 Sep 2010 at 4:23pm
  


• SingTel mulls bid for C Worldwide: report
  Singapore Telecommunications is considering a bid for FTSE 100 group Cable & Wireless Worldwide, The Independent on Sunday reported.
  Posted on:5 Sep 2010 at 2:37pm
  


• Hefty payouts for US CEOs amid massive layoffs: study
  Cost-cutting moves might have cost thousands of US jobs, but many CEOs at companies' that resorted to massive layoffs saw their pay packets fatten in 2009, says a study.
  Posted on:5 Sep 2010 at 2:10pm
  


• Moderate world recovery underway: IMF
  The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
  Posted on:5 Sep 2010 at 1:58pm
  


• Drop annual cap on immigrants from non-EU states, UK govt told
  Several British firms and industry leaders have asked the Cameron government to drop the policy to place an annual cap on immigrants from India and other non-EU nations as the move will threaten the country's economic recovery and force companies to relocate abroad.
  Posted on:5 Sep 2010 at 1:46pm
  


• Burger King agrees to $3.3 bn sale to 3G Capital
  Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the second-largest US fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.
  Posted on:5 Sep 2010 at 1:39pm
  


• Murthy blames 'poor' public governance for country's ills
  Software icon N R Narayana Murthy today blamed poor public governance for major ills faced by the country such as illiteracy, malnourishment, lack of sanitation facilities and dismal food and power management.
  Posted on:5 Sep 2010 at 1:26pm
  


• Bad news for CWG preparations, MeT predicts more rains
  In what appears to be further bad news for Delhi's preparations for the Commonwealth Games (CWG), the MeT Department has said that heavy rains are likely to continue in northern India, including in the capital, for some more days.
  Posted on:5 Sep 2010 at 1:18pm
  


• As a student, I attended all classes: Murthy
  Software icon N R Narayana Murthy today condemned the tendency of students in resorting to rote with the sole aim of passing the examinations rather than attempting to learn and acquire knowledge.
  Posted on:5 Sep 2010 at 1:13pm
  


• Mark Hurd in talks to join Oracle: report
  Mark Hurd, who resigned as chief executive of technology giant Hewlett-Packard (HP) last month, is in talks to join software major Oracle Corp as a top executive, says a media report.
  Posted on:5 Sep 2010 at 12:35pm
  


• Future Group sees bright future in private brands biz
  Competition in the private brands segment, especially in the snacks and personal care, is set to intensify with the Future Group planning a slew of launches by next month coinciding with the onset of the festival season, when consumer spending usually rises.
  Posted on:5 Sep 2010 at 12:25pm
  


• Indian ADRs add $6 bn in a week; Infy top gainer
  Competition in the private brands segment, especially in the snacks and personal care, is set to intensify with the Future Group planning a slew of launches by next month coinciding with the onset of the festival season, when consumer spending usually rises.
  Posted on:5 Sep 2010 at 12:12pm
  


• Strike call to hit banking operations on Tuesday
  Banking operations are expected to be hit on September 7, with the All-India Bank Employees Association (AIBEA) joining the nationwide strike called by several unions to protest against the price rise, unemployment, grant of licences to private banks and other issues.
  Posted on:5 Sep 2010 at 12:05pm
  


• BrahMos cruise missile successfully test-fired
  Adding a new feather to India's missile prowess, 290-km range BrahMos cruise missile was today successfully test-fired as part of trials by the Army from the Integrated Test Range (ITR) at Chandipur off Orissa coast.
  Posted on:5 Sep 2010 at 11:18am
  


• Pressure on BlackBerry to provide access to mail service
  With the security agencies already putting to test BlackBerry's messenger service, its maker Research In Motion (RIM) has been asked by India to provide technical solution to intercept its enterprise mailing service which provides a private virtual networking among group of people and cannot be breached.
  Posted on:5 Sep 2010 at 11:10am
  

• IPL council decides fees, formats for next three seasons
  The governing council of the Indian Premier League cricket tournament today increased the purse size of franchises for auction of players and decided on the number of players that could be retained by teams in the coming seasons.
  Posted on:5 Sep 2010 at 7:22pm
  


• The Nano goes upmarket
  Leena Jacob, an IT professional based in Technopark, Thiruvananthapuram, is delighted with her Tata Nano. The small car, she says, proves very useful and convenient for city driving. The other two cars in the family garage: a Honda City and a Maruti Swift.
  Posted on:5 Sep 2010 at 6:56pm
  


• RBI: Exclude banks from class action
  Banks could be excluded from class-action suits, which have been proposed under the new Companies Bill, 2009. The move will help to ensure that the interests of depositors remain paramount. Class action is a new clause that would allow members, shareholders or creditors of a company to file complaints against the organisation in case of serious instances of mismanagement.
  Posted on:5 Sep 2010 at 6:52pm
  


• Package for Naxal affected areas in 2 weeks
  The integrated action plan for the Naxal-affected areas is likely to be finalised in the next two weeks.
  Posted on:4 Sep 2010 at 6:42pm
  


• Alok Industries spins Victoria's Secret in Burkina Faso
  Spinning unit to kickstart industrialisation in the country.
  Posted on:4 Sep 2010 at 6:38pm
  


• Obama to unveil new measures next week
  Terms creation of thousands of private jobs as positive news.
  Posted on:4 Sep 2010 at 6:34pm
  


• Pak envoy sees Pawar's hand in ICC suspension
  Pakistans High Commissioner to the UK, Wajid Hasan, today criticised International Cricket Council (ICC) Chief Executive Haroon Lorgat and President Sharad Pawar, saying he sensed a conspiracy behind the suspension of three Pakistani cricket players facing allegations of spot-fixing.
  Posted on:3 Sep 2010 at 6:56pm
  


• Govt clears $5-bn airplane purchases
  The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
  Posted on:3 Sep 2010 at 6:54pm
  


• Munjals turn to PE for stake buy
  Hero Honda, India's largest two-wheeler maker, could see a change in ownership as the Delhi-based Munjal family seeks to buy the stake held by partner Honda Motor Company of Japan in the joint venture. The Indian promoters are reportedly talking to private equity (PE) players to raise the money needed to buy the 26 per cent stake held by Honda Motor. The purchase could be made in tranches of 6.5 per cent each.
  Posted on:3 Sep 2010 at 6:52pm
  


• Mittal's son joins Bharti
  After a swarm of daughters moved into companies controlled by their fathers think Godrej, Nadar, Reddy, Biyani, Chauhan, Piramal, TVS, et al the male heirs are stepping forward to claim their inheritance.
  Posted on:2 Sep 2010 at 6:55pm
  


• SAIL issue: DB quotes 80 paise fee
  Investment bankers have quoted less than a rupee as their fee to manage the around Rs 8,000-crore follow-on issue of Steel Authority of India Ltd (SAIL).
  Posted on:2 Sep 2010 at 6:52pm
  


• Cipla to buy 25% in S Africa unit
  Cipla, the largest player in the domestic drug market, could play white knight for Cipla Medpro, South Africas third-largest drugmaker and a key ally of the Indian company. Cipla is looking to acquire around 25 per cent in the manufacturing division of Cipla Medpro, where it does not hold any stake at present. The deal size could not be ascertained, but it will be the first overseas acquisition by 75-year-old Cipla in any pharmaceutical company.
  Posted on:2 Sep 2010 at 6:49pm
  


• Essar think-tank to drive retail vision
  The diversified steel-to-telecom Essar Group, with revenues of $15 billion, is readying to consolidate its retail initiatives under one roof to maximise synergies and explore new avenues of growth. To shape its plans, Essar is forming a centralised retail think-tank at a group level to strategise the conglomerates future course of action.
  Posted on:1 Sep 2010 at 6:45pm
  


• ED declines to interview for job of RBI dy governor
  The appointment of a deputy governor to the countrys central bank has always been surrounded by controversy. And this time is no exception. One of the Reserve Bank of India (RBI) executive directors, C Krishnan, who was called to an interview for the post, has declined to appear before the search committee.
  Posted on:1 Sep 2010 at 6:43pm
  


• DTC lightens evasion penalties
  While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code (DTC) proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base would have to pay a maximum penalty of two times the tax sought to be evaded.
  Posted on:1 Sep 2010 at 6:42pm
  

Acknowledgement

We would like to thank the following organizations/agencies who have provided us the feeds for various news in the Live News section:

1. Business Standard
2. Reuters
3. The Economic Times
4. BBC
5. CNN
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