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Archive for July, 2015

Modi Promises Package Bigger Than Rs 50,000 Cr For Bihar

Modi Promises Package Bigger Than Rs 50,000 Cr For Bihar

Jul. 25 | Prime Minister Narendra Modi today said that he is all set to better the Rs 50,000 crore special package that he had promised Bihar when he sought votes for BJP in the last general election. PM Narendra Modi with Bihar CM Nitish Kumar at a function for...

Axis Bank Q1 Net up 18.7% at Rs. 1,978 cr as Bad Loans Rose

Axis Bank Q1 Net up 18.7% at Rs. 1,978 cr as Bad Loans Rose

Jul. 25 | India’s third-largest private bank by assets, Axis Bank Ltd, on Friday reported that net profit in the three months ended 30 June rose 18.7% to Rs.1,978.44 crore from Rs.1,666.76 crore despite steep rise in provisions. Net interest income (the difference...

Grenade Attack on Mobile Showrooms in Srinagar

Grenade Attack on Mobile Showrooms in Srinagar

Jul. 24 | Srinagar: Suspected militants today targeted an Aircel and a Vodafone showroom around 11:00 A.M. at Karan Nagar in Srinagar. No one was injured in the incidents which took place within minutes of each other. Police officials said that, “two unidentified...

Sony Testing New Xperia Android Concept UI in Sweden

Sony Testing New Xperia Android Concept UI in Sweden

Jul. 23 | Sony Corp is preparing to launch the new looking User Interface for their Android project among 500 Xperia Z3 users in Sweden from July 27 to September 13. For this purpose they have planned a survey in Sweden to get the customer feedback and to find...

Lupin to acquire Gavis for $880 mn

Lupin to acquire Gavis for $880 mn

Jul. 23 | Lupin Ltd, India’s fourth-largest drug-maker by sales, on Thursday said it is acquiring US generics company Gavis for $880 million (over Rs 5,610 crore) to strengthen its presence in its largest market, the US. Lupin Ltd Chief Executive Officer Vinita...

Activist Teesta Setalvad Misused Funds for a Life of Luxury: Gujarat Police

Activist Teesta Setalvad Misused Funds for a Life of Luxury: Gujarat Police

Jul. 23 | The Gujarat police have opposed the anticipatory bail plea of Teesta Setalvad in the Supreme Court, saying the social activist and her husband had misappropriated funds meant for the 2002 Gujarat riots victims. Her anticipatory bail plea was to come up...

Air India to get sovereign guarantee for $300 mn through ECB

Air India to get sovereign guarantee for $300 mn through ECB

Jul. 22 | National carrier Air India might soon get the USD 300 million (over Rs 1,900 crore @ Rs 64 to a dollar) loan through external commercial borrowing (overseas loans), the government will provide guarantee for the loan, a senior Civil Aviation Ministry official...

Xiaomi launches 32GB variant of Mi4i @ Rs. 14999

Xiaomi launches 32GB variant of Mi4i @ Rs. 14999

Jul. 22 | Chinese smartphone maker Xiaomi is celebrating its first anniversary in India with the launch of the 32 GB verison of the Mi4i. The smartphone was first launched with 16BG capacity in May this year for Rs 12,999. Registrations for the Mi4i has already...

Cong Leader wanted Passport for Coal Scam Accused: Sushma Swaraj

Cong Leader wanted Passport for Coal Scam Accused: Sushma Swaraj

Jul. 22 | New Delhi: External Affairs Minister Sushma Swaraj, Wednesday, took on the Congress camp with a sensational counter-attack, said she will disclose the name of a senior Congress leader who allegedly pressured her to give a diplomatic passport to Santosh...