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2-yr report: Is Modi govt on track to achieve 24x7 power dream?
25 May 2016 at 2:47pm
Piyush Goyal's Power Ministry is one of the standout performers in the Narendra Modi government's tenure so far.

Young Turks Dealtracker: What's brewing in the startup space?
25 May 2016 at 9:38am
With a slowdown in external funding, there's been an exodus of top talent at most of these ventures, and in some cases, a freeze in fresh hiring.

India gears up for small oil gas fields auction after 6-yr gap
25 May 2016 at 9:34am
Oil Gas Minister Dharmendra Pradhan is pushing ahead to achieve Prime Minister Narendra Modi's target of cutting India's dependence on fuel imports by half by 2030.

Union Cabinet gives approval to six new IITs
25 May 2016 at 9:24am
The Union Cabinet which met on May 25 gave its ex post facto approval to amend The Institutes of Technology Act, 1961 for incorporation of new IITs at Tirupati (AP), Palakkad (Kerala), Dharwad (Karnataka), Bhilai (Chhattisgarh), Goa, Jammu (Jammu and Kashmir) and conversion of Indian School of Mines (ISM), Dhanbad to an IIT under the law

Euro zone hails 'breakthrough' with Greece, IMF debt deal
25 May 2016 at 9:12am
The late-night compromise spared the battered European Union the risk of another Greek crisis this year, less than 12 months after Athens was on the brink of ejection from the currency area by rejecting austerity measures and defaulting on an IMF loan.

Toyota, Uber latest to join forces in ride-hailing rush
25 May 2016 at 9:08am
Toyota and Uber will create new leasing options in which Uber drivers can lease vehicles with flexible terms from Toyota Financial Services and cover their payments through their Uber earnings, the companies said in a joint statement.

Star India to launch 'Star Utsav Movies' channel on May 28
25 May 2016 at 8:52am
The channel will be an exclusive offering for the rural market, the company said in a statement.

Jaya ministry expanded; four more ministers sworn-in
25 May 2016 at 8:52am
G Baskaran (Sivaganga), Sevvoor R Ramachandran (Arani), Nilofer Kabil (Vaniyambadi) and P Balakrishna Reddy (Hosur) were sworn-in at the Raj Bhavan.

PepsiCo, Biocon to set up facilities in Karnataka
25 May 2016 at 8:52am
Biotechnology major Biocon has proposed an investment of Rs 1,060 crore for the manufacture of injectables, monoclonal and anti-bodies vaccine at Anekal taluk. It is expected to employ about 750 people, an official release said.

Prism Cement's Q4 net flat at Rs 61.88 cr
25 May 2016 at 8:52am
The company had clocked a net profit of Rs 61.89 crore in the year-ago period, it said in a regulatory filing.

Nabard net up 5% to Rs 2,524 cr in FY16
25 May 2016 at 8:52am
The National Bank for Agriculture and Rural Development (Nabard) had reported a net profit of Rs 2,403.26 crore in 2014-15.

Thermax Q4 Net plunges 16% to Rs 111 crore
25 May 2016 at 8:52am
Energy and environment solutions provider Thermax Ltd on May 25 reported 16 percent decline in standalone net profit at Rs 111.15 crore for the quarter ended March 31, 2016

CIL to hold coal linkage auction for sponge iron sector
25 May 2016 at 8:52am
Coal India today said auction of coal linkages would be conducted for the sponge iron sector initially and the bid schedule will be released tomorrow.

Abbott India Q4 Net up 18.58 pc at Rs 59-cr
25 May 2016 at 8:52am
Drug firm Abbott India today reported an 18.58 per cent rise in its standalone net profit to Rs 59.01 crore for the fourth quarter ended March 2016, mainly on account of robust sales.

ILFS Transportation to divest stake in SPV Gujarat Road
25 May 2016 at 8:48am
ILFS Transportation on May 25 said it has entered into a pact with MAIF Investment to divest stake in SPV Gujarat Road and Infrastructure Company for Rs 109.78 crore


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