Zee News : Business Visit Zee News for the latest news on business, sensex, gadgets, technology, automobiles, economy, finance, mutual funds, derivatives, IPO etc. en-us ZeeNews Ltd Business News 5/24/2013 10:24:57 PM GMT Zee News SpiceJet narrows March quarter loss to Rs 186 cr The airline company reported a net loss of Rs 249 crore in the same period a year ago. mailto:inewsonline@gmail.com Friday, May 24, 2013, 22:22 IST Google to add Galapagos Islands to Street View The search engine sent trekkers with 42lbs backpacks containing cameras mounted on towers to wander and click pictures of forgotten island. mailto:inewsonline@gmail.com Friday, May 24, 2013, 22:20 IST SBI signs MoU with Spanish bank This agreement will also benefits BBVA, since it would be able to access more broadly the Indian market hand in hand with State Bank of India, it added. mailto:inewsonline@gmail.com Friday, May 24, 2013, 22:18 IST UIDAI unveils three online identity authentication services Besides the authority also announced establishment of (around 300) permanent enrolment centres (Aadhaar Kendras). The number of these Aadhaar Kendras would be scaled up to 1,000 by September this year. mailto:inewsonline@gmail.com Friday, May 24, 2013, 22:14 IST NSE reduces STT rate in capital mkts segment The revision is as per the Finance Act 2013, which received Presidential assent on May 10. mailto:inewsonline@gmail.com Friday, May 24, 2013, 22:08 IST Gaursons buys 300 acre from Jaypee for Rs 1,500cr in Gr Noida The Ghaziabad-based company will launch the township by the end of this year and plans to construct about 15,000 apartments in affordable segment. mailto:inewsonline@gmail.com Friday, May 24, 2013, 22:06 IST Nissan recalls 800,000 Micras over glitch in steering wheels Micras made in Sunderland between December 2002 and May 2006 are part of the global recall. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:59 IST Sebi at 25 seeks greater powers; Govt wants it to be 'fearless' Celebrating its 25th year, Sebi Friday sought greater powers to take on market manipulators and those raising money from public illegally, while government promised full support and asked it to be a 'fearless' regulator working for the benefit of small investors. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:59 IST Crompton Greaves Q4 net profit down 75% at Rs 25.27 cr It had posted net profit of Rs 100.32 crore for the January-March quarter of 2011-12 fiscal. It had posted net loss of Rs 189 crore in the previous quarter (Q3) of 2012-13 fiscal. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:47 IST DTC Bill in Monsoon session: Chidambaram The Finance Minister was here to attend the Silver Jubilee celebrations of market regulator SEBI. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:45 IST RBI Governor briefs Parliament panel over chit-fund scam RBI Governor D Subbarao today briefed a Parliamentary panel on regulatory issues concerning the recent chit-fund scam in West Bengal and discussed steps that could be taken to prevent recurrence of such frauds mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:44 IST Hindustan Motors to launch BS IV-compliant Ambassador The crisis-ridden auto manufacturer has displayed the new model with BS IV diesel engine to Kolkata's taxi associations at its plant, a company statement said today. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:42 IST Be fearless regulator, protect small investors: FM tells Sebi Concerned over erosion of confidence among small investors, Finance Minister P Chidambaram Friday asked Sebi to regulate the market fearlessly to protect their interests, and not to "bow" or "bend" before anyone. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:41 IST Jet Airways Q4 net loss widens to Rs 495.53 cr Total income from operations declined to Rs 3,921.92 crore in the March quarter from Rs 4,041.61 crore in the year ago period, Jet Airways said in a filing to the BSE. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:39 IST Etihad deal will bring down company's debt to $1.5 bn: Jet Jet Airways on Friday said its 24 percent stake sale to the gulf carrier Etihad will bring down its debt to USD 1.5 billion from the current USD 2.1 billion. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:37 IST Career transition services gaining ground in India: Randstad Career transition services, also known as out placement services, help retrenched people find a new role by reviewing their career, assessing their current situation, helping them with interview skills, it said. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:35 IST AstraZeneca Pharma promoter to sell stake in Indian arm This would be "exclusively through the seller's brokers on the separate windows provided by the BSE & NSE for this purpose," it added. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:32 IST Sinha talks tough on ponzi schemes as Sebi turns 25 Speaking on the occasion to mark Sebi's 25 years, Sinha said that the government has been supportive to the regulator throughout this journey and he expects the same to continue. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:22 IST Take steps to eliminate insider trading: PM to Sebi Committing to strengthen Sebi, Prime Minister Manamohan Singh Friday asked the capital market regulator to eliminate insider trading and take steps to encourage small investors to invest in equities. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:11 IST Chidambaram asks investors to tap opportunities at home India Inc should stop looking abroad and focus on tapping huge investment opportunities within the country, especially in the infrastructure sector, which offers long-term benefits, Finance Minister P Chidambaram said Friday. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:08 IST US stimulus withdrawal concerns exaggerated : Sebi chief Amid concerns across global markets about the impact of a possible stimulus withdrawal in the US, Sebi chief U K Sinha Friday said the anticipation appeared to be much more than what could actually be. mailto:inewsonline@gmail.com Friday, May 24, 2013, 21:05 IST Samsung Galaxy Star launched; priced at Rs 5,240 'Star' is the cheapest device in Samsung's Galaxy range and competes with the likes of Nokia's Asha range of smartphones as well as similar offerings from domestic firms like Micromax and Karbonn. mailto:inewsonline@gmail.com Friday, May 24, 2013, 20:48 IST Yamaha says India to be among its top five markets by 2016 The company, which started procuring parts from India last year for its global operations, is also looking to make the country as its important component sourcing hub in the coming years. mailto:inewsonline@gmail.com Friday, May 24, 2013, 20:43 IST RBI to take steps to check excessive volatility in forex market Amid the rupee touching nearly 9- month low against the US dollar, Reserve Bank of India (RBI) Friday said it will continue to take steps to check excessive volatility in the currency market. mailto:inewsonline@gmail.com Friday, May 24, 2013, 20:41 IST RIL-BP make huge gas discovery in KG-D6 block Reliance Industries (RIL) Friday announced a huge natural gas discovery, possibly the biggest find ever, in the flagging eastern offshore KG-D6 block that will be key to arresting falling output. mailto:inewsonline@gmail.com Friday, May 24, 2013, 20:32 IST Rupee falls for 6th day, down 4 paise at 55.63 on USD demand On a weekly basis, the rupee fell by 1.36 percent or 75 paise as dollar demand outweighed supply and stocks fell. mailto:inewsonline@gmail.com Friday, May 24, 2013, 20:26 IST AI spent Rs 1,803 crore on pending staff salaries last year Of the Rs 6,000 crore received in 2012-13, the airline spent Rs 1,803 crore on pending staff salaries, paid off Rs 1,253 crore as jet fuel dues to oil marketing companies and Rs 1,100 crore as loan and interest payments for aircraft acquired, official data showed. mailto:inewsonline@gmail.com Friday, May 24, 2013, 19:42 IST Road Min to approach CoS on GMR highway project in 2 weeks GMR Infrastructure early this year had walked out of the project citing difficulties in taking up the project due to regulatory hurdles, including delays in environment clearance and land acquisition. mailto:inewsonline@gmail.com Friday, May 24, 2013, 19:41 IST Senders of pesky calls, SMSes will face disconnection: TRAI Name and address of such subscribers shall be entered into a blacklist and no resources would be allotted to these subscribers for a period of two years in such cases, TRAI Member RK Arnold told reporters. mailto:inewsonline@gmail.com Friday, May 24, 2013, 19:37 IST Jet Airways shareholders approve Etihad deal The deal is being looked into by Competition Commission of India (CCI) and Securities and Exchange Board of India (Sebi) besides other regulators. mailto:inewsonline@gmail.com Friday, May 24, 2013, 19:28 IST Yamaha launches Ray Z, SZ-RR, SZ-S for the Indian market The new model adopts air-cooled 4-stroke 113cc engine with CVT. mailto:inewsonline@gmail.com Friday, May 24, 2013, 17:00 IST HC allows UBHL to sell around 13 million shares of USL In this connection, UBHL had filed an application seeking permission of the court to sell those shares. mailto:inewsonline@gmail.com Friday, May 24, 2013, 16:56 IST KarurVysya Bank Q4 net jumps 8% to Rs 158.58 cr Private sector lender Karur Vysya Bank has reported an eight percent increase in net profit for the fourth quarter ending March 31, 2013 at Rs 158.58 crore. mailto:inewsonline@gmail.com Friday, May 24, 2013, 16:49 IST Sensex snaps 4-day losing run; up 30pts as Tata Steel surges 5% Rising for the first time this week, the BSE benchmark Sensex today rose by 30 points, boosted by a 5 per cent jump in Tata Steel and gains in fundamentally strong stocks led by consumer durables and metals. mailto:inewsonline@gmail.com Friday, May 24, 2013, 16:48 IST Uttam Galva Q4 net profit down 29.52% at Rs 28.19 crore Uttam Galva's net sales was down 23.18 percent at Rs 953.75 crore during the last quarter. mailto:inewsonline@gmail.com Friday, May 24, 2013, 16:44 IST Gems, jewellery exports glitter in April; see 33% growth After declining 3 percent in March, India's gems and jewellery exports witnessed a robust growth of about 33 percent to USD 3.38 billion in April 2013. mailto:inewsonline@gmail.com Friday, May 24, 2013, 16:42 IST Uninor launches shop-in-shop mini stores in AP On an average, 8,000 new subscribers are joining the Uninor network in AP every day. mailto:inewsonline@gmail.com Friday, May 24, 2013, 16:15 IST Pawar, Chavan meet traders on LBT; panel to be formed NCP chief and Union Minister Sharad Pawar and Maharashtra Chief Minister Prithviraj Chavan on Friday met traders' representatives here in a bid to resolve the imbroglio over local body tax (LBT). mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:57 IST Stimulus issue not to impact capital flows into India: Montek Given the importance of US on the global economy, Ahluwalia said that the reversal of the QE system would tighten the liquidity across the world. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:46 IST Etienne Benet to take over as Nestle India Managing Director Benet is currently the Chief Executive Officer of Nestle Central and West Africa Region, Nestle India said in a filing to the BSE. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:36 IST Gold extends losses for third day; dips below Rs 27,000 Gold prices on Friday extended losses for the third straight session by losing Rs 50 to Rs 26,950 per 10 grams on slackened demand at prevailing higher levels amid a weak global trend. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:34 IST Fortis to get A$270.38 mn for stake sale in Dental Corporation Fortis Healthcare International Pte Ltd had a 64 percent stale in the Dental Corporation Holdings. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:34 IST RoadMin to take up GMR Infra project issue with Committee of Secy The Ministry and the company are already in discussions to rescue the project. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:32 IST Maruti to offer various services under 'Beat The Heat' camps The company expects to attend to 85,000 customers across the country during the two-day initiative. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:29 IST BBK-Geojit Securities form JV in Kuwait Geojit BNP Paribas has an extensive presence in the Middle East region via JVs and partnerships. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:27 IST Sundaram Home Finance launches online services Customers would be able to make requests for applying for home loans online. mailto:inewsonline@gmail.com Friday, May 24, 2013, 15:23 IST Gaursons buys 300 acre from Jaypee for Rs 1,500 crore in Greater Noida Gaur plans to construct about 15,000 apartments in affordable segment in the range of Rs 25-40 lakh. mailto:inewsonline@gmail.com Friday, May 24, 2013, 14:37 IST Tata Steel shares surge nearly 7% in early trade Shares of Tata Steel on Friday surged nearly 7 percent even as the company reported a consolidated net loss of Rs 6,528.51 crore for the quarter ended March 2013. mailto:inewsonline@gmail.com Friday, May 24, 2013, 14:09 IST Jet Airways down 4% even as shareholders approve Etihad deal Shares of Jet Airways on Friday slumped as much as four per cent even as shareholders of the company approved the Eithad deal. mailto:inewsonline@gmail.com Friday, May 24, 2013, 14:00 IST Gold prices fall by Rs 129 in futures trade Gold prices fell by Rs 129 to Rs 26,311 per ten grams in futures trade Friday as speculators offloaded their exposures, moving in tandem with a weak global trend. mailto:inewsonline@gmail.com Friday, May 24, 2013, 13:45 IST