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Qualcomm to dilute more stake for 3G play: Kanwalinder Singh - Economic Times
 The Hindu | Qualcomm to dilute more stake for 3G play: Kanwalinder Singh Economic Times US-based Qualcomm on Friday announced that it has tied up with Mumbai's Global Holding Corporation and Delhi-based Tulip Telecom as partners for its India wireless broadband venture. Both Indian companies will hold 13% stake each and invest Rs 140 ... Tulip Telecom and Global Holding to buy 13 % each for Rs.268 crore Qualcomm in India Broadband Venture Qualcomm chooses two Indian partners to incubate TD-LTE |
Insurers, hospitals to restore emergency cashless claims - Economic Times
 The Hindu | Insurers, hospitals to restore emergency cashless claims Economic Times State-owned insurers and corporate hospitals agreed on Friday to restore with immediate effect cashless medical claims for treatment of emergency cases, but left a solution to their month-long standoff over remaining settlements hanging. ... In exception, cashless cover for trauma, emergency cases Insurers violating cashless mediclaim terms face fine State insurers to restore cashless mediclaim in a month |
ICICI Bank, StanChart penalised for violation of banking norms - Business Standard
 Reuters India | ICICI Bank, StanChart penalised for violation of banking norms Business Standard The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 5 lakh each on ICICI Bank and Standard Chartered Bank for violating banking regulations. ICICI Bank, the country's largest private sector lender, was penalised for violating Know Your ... RBI slaps Rs 5-lakh penalty on ICICI, StanChart banks India RBI Penalizes Standard Chartered, ICICI Bank INR500,000 Each RBI imposes penalty on ICICI Bank, StanChart |
Indian Hotels sees room rate hike after 2 yrs - Moneycontrol.com
 Moneycontrol.com | Indian Hotels sees room rate hike after 2 yrs Moneycontrol.com Indian Hotels Co, the owner of the Taj luxury chain, is looking to increase its room rates by September or October this year, a senior official said on Friday. "We are going to re-visit our rates and hopefully, we will achieve some growth in rates ... Indian Hotels spent Rs 180 crore on Taj revamp Taj Hotels' Owner Reports Biggest Drop in Net Profit in Almost Eight Years Palace Wing of Taj Mahal Palace wing will reopen in two weeks |
Sensex sheds 263 points on profit-booking - Hindu Business Line
 Rediff | Sensex sheds 263 points on profit-booking Hindu Business Line MUMBAI: The BSE benchmark Sensex snapped a three-week rally by slipping 263 points during the week as cautious investors booked profits following hardening of interest rates and increasing volatility in global markets. Capital goods, oil and gas, ... Spate of bad Q1 numbers hit markets; Sensex loses 124 points Sensex ends weak; Bharti, Hero Honda, DLF drop Nifty ends 41 pts lower TECk realty cap goods drag |
BoI Q1 net up 24% at Rs 725 cr - Indian Express
 The Hindu | BoI Q1 net up 24% at Rs 725 cr Indian Express Public sector lender Bank of India today reported a 24 per cent growth in net profit at Rs 725.13 crore for the first quarter ended June 30. Total income of the bank rose to Rs 5407.62 crore in the April-June quarter, from Rs 5023 crore in the ... Bank of India Q1 net up 24% at Rs 725 cr, beats estimates Reliance Infra Q1 net profit dips 22% 'Intense summer' spurs Emami Q1 net up 127% |
Cabinet approves short-term crop loan for farmers at 7% - Times of India
 The Hindu | Cabinet approves short-term crop loan for farmers at 7% Times of India NEW DELHI: In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4868 crore to public sector banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% ... Banks get Rs 4868 cr for crop loan Cabinet clears Rs 5000 cr for banks towards interest subsidy Cabinet nod for release of Rs. 4868 crore as interest subvention |
'Many of India's billionaires have made money by their proximity to govt' - Times of India
'Many of India's billionaires have made money by their proximity to govt' Times of India The Bhopal-born Raghuram Rajan was the youngest person to be appointed as the International Monetary Fund's chief economist in 2003. In 2005,he was almost prescient about the downturn. Now, he's out with a new book, 'Fault Lines: How Hidden Fractures ... Time right to withdraw monetary stimulus: Raghuram Rajan 'Many Indian billionaires have made money from proximity to govt' The problem of inequality in India is worrying |
Religare board oks $431 mn fund raising, posts loss - Economic Times
Religare board oks $431 mn fund raising, posts loss Economic Times MUMBAI: The board of financial services group Religare Enterprises has approved raising additional capital worth Rs 20 billion ($431 million), the firm said on Saturday. Religare has posted a consolidated net loss of 492.3 million rupees ($10.6 ... Religare Enterprises Q1 net loss at Rs 4.7 cr Religare Enterprises to Raise 20 Billion Rupees Issuing Capital |
Near drought situation in east and northeast India - Times of India
 Moneycontrol.com | Near drought situation in east and northeast India Times of India NEW DELHI: Parts of India could suffer a drought-like situation even as the rest of the country gets normal monsoon. While the Indian Meteorological Department on Friday tried to allay fears of a failed monsoon even in the regions that have suffered ... Shift in monsoon pattern feared: IMD Heavy rains forecast for next two months Uniform threat to monsoon |
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