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20 November, 2017 2:40 AM Cairn appoints Nitin Banerjee as General Counsel

Cairn, the oil and gas vertical of Vedanta Ltd, today announced the appointment of Nitin Banerjee as General Counsel. "Banerjee will be a member of Cairn Business Executive Committee (EXCO) and will help drive the company's vision to contribute to 50 per cent of India's crude oil & gas production," Vedanta said in a statement. "He will also be an integral 29

19 November, 2017 1:45 PM Prachanda bereaved as son dies of sudden cardiac arrest

Hospital says Prakash Dahal (36) died around three hours before he was admitted Nepal’s former Prime Minister and Maoist chief Prachanda’s only son Prakash Dahal died on Sunday due to sudden cardiac arrest. He was 36. Prakash was rushed to the Thapathali-based Norvic Hospital early in the morning, where he was pronounced dead. Addressing a press conference 26

19 November, 2017 1:12 PM Six of top-10 most valued firms add ₹31,249 cr in market capitalisation

The combined market valuation of 6 of the top-10 most valued companies, led by Reliance Industries Ltd (RIL), rose by ₹31,249.36 crore last week. RIL, Tata Consultancy Services (TCS), HDFC Bank, SBI, Maruti Suzuki India and Infosys emerged as gainers from the top 10 list, while ITC, Hindustan Unilever Ltd (HUL), HDFC and ONGC suffered losses in their 29

16 November, 2017 7:32 PM No infringement of the State’s rights, says Forests Minister

“There is nothing wrong in the Governor reviewing schemes and works and there is no infringement of the State’s rights or autonomy. Take it easy,” Minister for Forests Dindigul C. Sreenivasan here on Thursday. Participating in a function here, he said the Governor’s plans to visit all districts were “100 per cent welcome.” Justifying the Governor’s review 24

16 November, 2017 4:08 PM Anil Ambani-led Reliance group of cos' shares recover

New Delhi: Shares of Anil Ambani-led Reliance group of companies, including Reliance Communications and newly listed mutual fund arm recovered on Thursday after seeing a sharp plunge on Wednesday. Shares of the companies were up in the range of 1 to 16 per cent on BSE due to heavy buying. On Wednesday, these stocks plunged by up to 12 per cent on the exchange 37

16 November, 2017 1:02 PM PM Awas Yojna: Cabinet increases carpet area of MIG houses eligible for interest subsidy

New Delhi: The Centre on Thursday approved the enhancement of the carpet area of houses for the middle income group (MIG) category under the Pradhan Mantri Awas Yojana- Urban (PMAY-U). Under the MIG-I category, the carpet area of the houses has been enhanced from 90 sq.Mtr to 120 sq.Mtr, while under the MIG-II segment, it has been increased to 150 sq.Mtr from the current 27

16 November, 2017 11:29 AM Sensex reclaims 33k, rallies 346 points as RIL, Infosys jump

The Sensex staged a strong comeback to reclaim the key 33,000-mark by surging over 346 points to close at a one-week high of 33,107 today. In the process, it reversed its three-session losing spell as Reliance Industries led the rally after global crude prices dropped. Infosys jumped the most. The Sensex opened hit the day’s high of 33,165.15 before 22

16 November, 2017 6:48 AM PM Modi Popularity Grows, Arvind Kejriwal Takes Biggest Hit: Pew Survey

Delhi Chief Minister Arvind Kejriwal is the Indian leader who has taken the greatest hit in public approval in the last year, reports American think tank called the Pew Research Centre. Mr Kejriwal polled at 39 per cent. Prime Minister Narendra Modi was at 88 per cent. Congress leader Rahul Gandhi scored 58 per cent. Mr Kejriwal is now less popular than Mr Gandhi's 40

16 November, 2017 5:43 AM Mukesh Ambani family top Forbes list of Asia's richest families, pip Lees

India's Mukesh Ambani family is the richest in Asia as its net worth rose USD 19 billion to USD 44.8 billion, toppling the Lees of the Samsung empire, to claim the numero uno position, Forbes said. Despite dropping to the second spot, Korea's Lee family still saw its wealth soar by USD 11.2 billion to USD 40.8 billion this year as shares of Samsung Electronics 37

15 November, 2017 12:36 PM Edelweiss Launches Rs 2,000 Crore Share Sale To Institutions

The deal has a base size of up to Rs 1,500 crore with an up to Rs 500 crore upsize option, the term sheet showed. Edelweiss is selling the shares in a price range of Rs 280 to Rs 285 each, which would be a discount of 0.9 per cent to a premium of 0.9 per cent to the stock's Wednesday closing price. The so-called qualified institutions placement will lead to a dilution 40