Brands News - Page 3

Rising sugar price in India could kill off recovering exports

A raised sugar import duty in India, festival demand and an expected delay in cane crushing in a key producing state have helped push domestic prices to a $70 a tonne premium to international prices, making it more lucrative to sell domestically.

Sir Martin Sorrell on BrandZ, media measurement, Indian cricket and more...

Hike gas prices now: Energy giants RIL, ONGC, BP, Cairn tell govt panel

Energy giants led by Reliance Industries, ONGC, BP and Cairn India today unanimously demanded an immediate hike in natural gas prices.

Syndicate Bank scam fallout: Govt considers splitting CMD post in public banks

Last week, Finance Minister Arun Jaitley had said the government was taking steps to professionalise the management and help them strengthen the risk management system in the public sector banks.

Na darr kisi ka aaj: New Cinthol Confidence+ ad is all about protection from germs

Leo Burnett finds its new planning head in Antony Rajkumar

Don't discriminate on skin colour: ASCI lays down law for fairness creams ads

The Advertising Standards Council of India (ASCI) has issued guidelines for advertising for skin lightening or fairness improvement products.

PSBs should find own avenues to generate funds: Fin Services Secy Sandhu

The government and RBI have said state-run banks alone will need over Rs 2.4 trillion capital by FY19 to meet the Basel III capital norms.

India Inc's big guns to pour billions into defence on Modi 'made in India' pledge

India, the world's largest arms importer, will spend $250 billion in the next decade on kit, analysts estimate, to upgrade its Soviet-era military and narrow the gap with China, which spends $120 billion a year on defence.

Nagpur gets Metro too: Cabinet clears Rs 8,860 cr rail project for city

Nagpur Metro will connect 19.658 km of north-south corridor and 18.557 km of east-west corridor.

Govt orders forensic audit of Dena Bank, OBC after uncovering Rs 436 cr scam

The lenders are alleged to have indulged in siphoning off the money (Rs 180 crore by OBC and Rs 256 crore by Dena Bank) received as fixed deposits.

Govt hopes to cut subsidy bill by Rs 23,400 cr; sets up high-level panel for FCI revamp

The terms of reference of the panel are to study various models of restructuring or unbundling of the FCI and suggest the best-suited model to improve its operational efficiency and financial management.

Cost of houses high, scope for reduction, says RBI's Mundra

Jet Airways to clear salary of pilots worth Rs 100 cr in a month

Jet Airways today sought a month's time to clear about Rs 100 crore worth of salary arrears of its pilots, who have been expressing their ire against the delay in making the payment

BoE minutes stun markets, global stocks fall as investors brace for rate hike

World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.

Making loans cheaper for poor: Govt set to expand eligibility cap to Rs 5 lakh for subvention scheme

Under the subvention scheme, the government shares the interest burden on a loan for the particular target segment and such schemes exist of a slew of sectors, including agriculture.

DLF plans to reduce debt to Rs 12,000 cr by FY17 by selling non-core assets

Realty major DLF plans to reduce its debt to Rs 12,000-14,000 crore by FY17 through asset monetisation and increasing cash-flows from sales.

Trai chief questions whether all spectrum will continue to be auctioned

The government is allocating spectrum for mobile services only through auction after the Supreme Court in February 2012 cancelled 122 2G licences.

SC says 'some progress' made by SIT to bring back blackmoney

Perusing the contents of the first interim report submitted by SIT, a bench headed by Justice H L Dattu said, "some progress has been made".

GST imposition: State finance ministers agree to lower threshold limit to Rs 10 lakh

Today was the first meeting of the Empowered Committee of state FMs on GST after the presentation of Budget by the new NDA government.

Restructuring FCI: Govt sets up high-level panel to remove cost inefficiencies

The FCI, set up under the Food Corporation Act 1964, is a nodal agency for procurement, storage and distribution of foodgrains to PDS and other welfare schemes.

Raheja Developers plans to go public in a year

The Mumbai-based developer has projects both in the commercial and residential segment.

Govt orders GAIL to cut gas from non-priority areas for retail needs

The government has ordered state gas utility GAIL India Ltd to cut natural gas supplies of non- priority sectors like steel and petrochemicals so as to meet full requirement of CNG retailers like Indraprastha Gas Ltd.

Fire scare aboard IndiGo flight at Delhi airport, 147 passengers evacuated safely

The airline said that 147 passengers on board the aircraft and six crew had been evacuated safely through emergency exits.

Following IndiGo's footsteps: Why Raju asked Air India to ground older air hostesses

To begin with, Air India has agreed to ground air hostesses 45 years and above though Civil Aviation Minister Ashok Gajapathi Raju wants the age to be lowered further to 35 years subsequently.