Death toll in fire at HPCL Vizag's refinery rises to four

The death toll in last evening's massive fire at HPCL refinery-cum-petrochemical complex here rose to four with two workers succumbing to burn injuries early today, sources in the PSU said.Also Read: HPCL refinery partly shut after fire, one dead - Source...

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Chronology: Steve Ballmer's tenure as Microsoft CEO

Microsoft Corp CEO Steve Ballmer unexpectedly announced on Friday that he would retire in 2014, 13 years after he took over the dominant personal computer software company and tried to steer it into growing markets like video games, portable music players,...

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Gold hits 9-month high; silver regains Rs 54K mark

Gold staged a smart rally and hit a nine-month high at the domestic bullion market today on strong buying from stockists amid jewellery and investment demand in the backdrop of surge in global commodity market.Silver also surged and retraced the key...

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Infosys loses another senior executive in Sudhir Chaturvedi

Infosys vice president and financial services head for the Americas, Sudhir Chaturvedi, has put in his papers, marking another high-profile exit at the country's second-largest software services firm."Sudhir Chaturvedi has resigned from the company,"...

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Police make second arrest in Mumbai rape case

Police arrested a second man in connection with the gang-rape of a journalist in Mumbai, an official said on Saturday, in a case that has drawn comparisons with an attack in December that led to nationwide protests and a revision of rape laws.Also Read:...

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Al Jazeera accuses ATT of wrongly terminating contract

AT&T unfairly terminated an affiliation agreement with Al Jazeera America, the cable network says in a recently unsealed lawsuit that highlights AT&T's subscriber base in conservative states.Under a heavily redacted description of the alleged...

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Michael Jackson estate owes $702 mn in taxes: US agency

The estate of pop music legend Michael Jackson owes USD 702 million in federal taxes and penalties, the Internal Revenue Service charged in US Tax Court, accusing the estate of undervaluing some of the star's assets by hundreds of millions of dollars.The...

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GST dispute resolution body to be set up: FM Advisor

A dispute resolution body would be set up to deal with issues arising out of Goods & Services Tax (GST) proposed to be implemented replacing the existing indirect taxation regime, Parthasarathi Shome, adviser to the Finance Minister, said today.Also...

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Govt asks TRAI to reconsider cap on ads on channels

Information and Broadcasting Minister Manish Tewari today asked TRAI reconsider the issue of imposing the 12- minute advertisement cap on news channels suggesting the implementation could be made synchronous withthe government's digitisation drive."For...

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Subdued rain activity to raise temperatures across the country

The well marked depression has weakened into a low pressure area, presently seen over south west Madhya Pradesh and adjoining areas. The cyclonic circulation over Jharkhand and adjoining neighbourhood is seen in the lower level. The Western Disturbance...

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Wall St set for worst week since June, dollar rises

Wall Street was on track for its worst week since June as investors focused on when the Federal Reserve might wind down its stimulus program, while the dollar rebounded from a seven-week low on Friday.Signs of stabilization in China's economy supported...

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Death Of A Spot Exchange?

Published on Sat, Aug 10,2013 | 15:12, Updated at Sat, Aug 10 at 15:12Source : CNBC-TV18 |   Watch Video : Till a few weeks ago most of you had probably not even heard of the National Spot Exchange (NSEL). And barely did you find...

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Chennai Express: 5 Bollywood films that it spoofs

Rohit Shetty is known for taking jibes on earlier released films. He continues the trend in his new film 'Chennai Express' as well.We have compiled a list of those films that have been spoofed in 'Chennai Express'. Also read: Priyanka Chopra targets...

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Obama describes Putin as 'like a bored kid'

President Barack Obama on Friday denied he has poor relations with Vladimir Putin after canceling their Moscow talks, but said the Russian President can sometimes appear "like a bored kid in the back of the classroom."US-Russian relations plunged to...

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Chocolate puts market for sweets on sugar high

Chocolate has often been described as one of life's greatest indulgences, and now lovers of the popular food group are set to be the driving force behind the global USD 196 billion confectionery market in the next five years, according to Euromonitor.Growth...

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After 9 years, Tesco gives up on cracking China alone

After nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest foreign retailer to give up on trying to crack China on its own.Lured by the prospect...

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Save yourself from fraudulent Chit Fund Investments

BankBazaar.comSarita and her husband Shiva earn an income by working as a maid and a driver in the Vijayawada district of Andhra Pradesh. They invest a part of their income in the Dhanarashi Chit fund that is run by a local jeweller. When the first meeting...

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Know the finer points in clubbing income with spouse

Arnav PandyaUnder the Income Tax Act there is clubbing of income when an individual transfers an asset to his spouse and there is income that arises on account of this asset.  This entire process ensures that the individual has to ensure that they...

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Know how to save income tax through cost inflation index

Subhash LakhotiaIt is really possible to save substantial amount of income-tax on your long-term capital gains arising out of selling your immovable property, if you take advantage of the cost inflation index concept. However, it is applicable only in...

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Know more about Savings Bank interest rates

BankBazaar.comEvery individual has a Savings Bank account, but pays little attention to the interest earned on the balance in this account. Some people may not even know that the balance they maintain in their savings bank accounts earn an interest....

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SAL Steel forfeited convertible warrants

Aug 03, 2013, 05.23 PM IST SAL Steel has not been received remaining amount of Rs 7.50 per warrant from any of the strategic investors, promoter group and as such the amount of application money being Rs 2.50 per warrant aggregating to...

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Spicejet accepts resignation of Neil Mills as CEO

Aug 03, 2013, 05.23 PM IST Spicejet has informed BSE that Neil Raymond Mills, Chief Executive Officer of the Company has resigned from the Company and the same has been taken on record and accepted by Board of Directors in its meeting...

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SKP Securities approves dividend for FY13

Aug 03, 2013, 05.23 PM IST SKP Securities, at its 23rd Annual General Meeting (AGM), approved dividend of Re 1 per share for the year ended March 31, 2013; reappointed Kishore Bhimani as a director Like this story, share...

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Aksh Optifibre appoints Chetan Choudhari as managing director

Aug 03, 2013, 05.23 PM IST Aksh Optifibre at its 26th annual general meeting approved the appointment of Chetan Choudhari as managing director for a period of 3 years w.e.f. May 17, 2013 to May 16, 2016 Like this story,...

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Indian ADRs: ICICI Bank drops 3%, Sterlite falls 4%

Indian ADRs were mixed on Friday. ICICI Bank fell 3.21 percent to close at USD 32 per ADR and HDFC Bank declined 1.01 percent to USD 33.35.Among technology stocks, Infosys lost 0.24 percent to USD 49.70 while Wipro gained 0.11 percent at USD 8.80. Sterlite...

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Coal India Q1 disappoints, profit dips 16.5% to Rs 3,731 cr

Moneycontrol BureauCoal India , the world's largest coal producer, disappointed on all parameters on Saturday with the first quarter net profit falling higher-than-expected 16.5 percent year-on-year to Rs 3,731 crore, led by lower realisation from E-auctin...

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Canara Bank sees loan restructuring of Rs 5k crore in FY14

Canara Bank sees loans worth Rs 4000- Rs 5000 crore coming for restructuring in 15 accounts over next three quarters, chairman and managing director of RK Dubey told CNBC-TV18.The state-owned bank's non performing assets (NPAs) rose to 2.9 percent in...

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Modi lovers should go to Gujarat, says Cong minister's son

Under fire over his remarks about Gujaratis living in Mumbai, Swabhimaan Sanghatana chief Nitesh Rane today said his statement was not against all Gujaratis, but directed at only those amongst them who felt that Gujarat under Narendra Modi was doing...

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Infosys EGM approves Narayana Murthy as executive chairman

Moneycontrol BureauInfosys shareholders today approved the appointment Narayana Murthy as executive chairman and whole-time director of the company, two months after it recalled the founder to arrest falling growth. At the event, Murthy informed the...

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GSFC reports 97% fall in Q1 net at Rs 5.54 cr

Aug 03, 2013, 06.50 PM IST Gujarat State Fertilisers and Chemicals reported a 97 percent fall in ints net profits to Rs 5.54 crore on the back of poor sales. The state owned fertliser firm has a product mix ranging from fertilisers to...

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