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  • Government Proposes Easing Companies Act for Private Firms

    24 June, 2014 5:01 PM 1

    To ease the regulatory burden for private companies including those of small size, the government on Tuesday proposed relaxing certain provisions of the new Companies Act for such entities. The proposed relaxations include certain provisions relating to prohibition on acceptance of public deposits, share capital, voting rights, further issuance of shares

  • Relief to Mumbaikars: No fare hike in second-class suburban trains up to 80km

    24 June, 2014 4:58 PM 5

    NEW DELHI: In a partial rollback, the railways on Tuesday announced that the recent hike of 14.2 per cent in passenger fares will not apply to second-class suburban journey upto 80km, a decision that will give relief to lakhs of travellers mainly in metro cities. In a revised order, the railways also said that the fare hike in the unreserved segment

  • India, Myanmar to Sign Initial Pact for Starting Bus Service

    24 June, 2014 4:55 PM 7

    New Delhi: India and Myanmar may soon sign an initial agreement for starting a bus service connecting the two countries through the north-eastern state of Imphal, aimed at improving people-to-people contact and bilateral relations. "It was agreed that both sides will work towards signing the MoU (Memorandum of Understanding) at the earliest on mutually

  • 'High optimism on reforms but watch mode on investment'

    24 June, 2014 4:55 PM 5

    Q: Clearly your survey seems to reflect that India Inc does believe that “Acche din ayenge”. A: Absolutely. It is pretty much a reflection of the mood of the investor and the community at large, the business community at large. Interestingly this is the highest kind of ranking that India has got in the last so many years that we have conducted this survey

  • Government Approves Rs 40,000 Cr Rroad Projects, Aims to Build 30 Kms/Day

    24 June, 2014 4:44 PM 3

    New Delhi: In a bid to fast track highway construction, the Ministry of Road Transport and Highways has approved over Rs 40,000 crore worth of projects and set an ambitious target of building 30 kms of roads per day. This announcement was made by the Union Road Transport and Highways Minister Nitin Jairam Gadkari on Tuesday. Mr Gadkari reviewed over 250 road projects

  • BSE Overtakes NSE With Higher F&O Turnover

    24 June, 2014 4:44 PM 9

    With a sudden spike in trade volume of three Sensex option contracts, Bombay Stock Exchange (BSE) on Tuesday surpassed National Stock Exchange (NSE) with a record high equity derivative turnover of Rs 3.36 lakh crore. BSE's larger rival NSE, which generally commands more than 80 per cent of market share in the equity derivatives market, on Tuesday recorded

  • Preity Zinta at Wankhede Stadium, cops record her statement

    24 June, 2014 4:38 PM 10

    MUMBAI: Mumbai Police on Tuesday recorded the statement of Bollywood actress Preity Zinta in connection with the molestation case she has registered against her former boyfriend and industrialist Ness Wadia. The actress accompanied by her lawyer reached the Wankhede Stadium in south Mumbai at about 6.40pm, where tight security arrangements were made by the police

  • Wimbledon: Roger Federer Eases Past Paolo Lorenzi in 1st Round

    24 June, 2014 4:37 PM 9

    Roger Federer kick-started his Wimbledon campaign with a thumping 6-1, 6-1, 6-3 victory. Roger Federer began his campaign for an eighth Wimbledon title Tuesday with a 6-1, 6-1, 6-3 victory over Paolo Lorenzi, the hapless Italian who has now lost all of his 13 Grand Slam matches. Fourth-seeded Federer, the 17-time major winner, had lost to Ukraine's Sergiy

  • Atleast Rs 10/mth price hike for LPG must: Ex-CMD ONGC

    24 June, 2014 4:34 PM 7

    After the rail fare hike, Narendra Modi government is gearing up to bite the bullet on cutting fuel subsidies . Sources say the centre is planning a staggered hike in the prices of LPG and kerosene on the lines of the marginal monthly hikes in diesel prices. In a conversation to CNBC-TV18’s Shereen Bhan, RS Sharma, former CMD, ONGC said that he expects

  • Sebi Orders Close Scrutiny of AstraZeneca India Delisting

    24 June, 2014 4:22 PM 10

    Suspecting violation of norms to check fraudulent and unfair trades, Sebi on Tuesday ordered close monitoring of a proposed delisting of Indian unit of global pharma giant AstraZeneca. The capital markets regulator also said there appeared to have been a coordinated and concerted attempt by the Swedish promoters of AstraZeneca Pharma India and a Hong Kong-based