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Ambani company gets loan restructuring package
Posted on 12th June 2015
Reliance Gas Transportation Infrastructure Ltd (RGTIL), an unlisted company owned by India's richest man, Mukesh Ambani, has received a generous loan-restructuring package from Indian banks after the company incurred huge losses in the past few years.

This is be the first time any company owned by Ambani has sought loan rescheduling from banks.

Market crisis deepens, Nifty at 8-mth low
Posted on 12th June 2015
June is turning out to be a nightmare for Indian markets, as the National Stock Exchange's (NSE's) benchmark Nifty index has ended in losses on all but one trading session this month.

The 50-share index on Thursday ended below the 8,000-mark for the first time in nearly eight months.

Maruti, Hyundai square off with SUVs
Posted on 12th June 2015
Maruti Suzuki and Hyundai Motor, the country's biggest car makers, will next month launch a new product each in the sports utility vehicle segment, a space where neither is well represented. Hyundai is set to launch the Creta on July 21 and Maruti will launch the S-Cross in mid-July.

Technically, the S-Cross is a crossover-a car with features of a sports utility vehicle (SUV)-but it is expected to be positioned against the Renault Duster, Nissan Terrano, Ford EcoSport and the Creta.

Tata Motors, Fiat hold manufacturing talks
Posted on 12th June 2015
Before the launches lined up for the next two or three years, India’s largest automobile company Tata Motors and its longtime Italian partner Fiat have begun strategic talks. The partners are discussing product and investment plans which will be finalised for the jointly owned facility at Pune.

There are discussions between two companies. These are in the initial stages and details will be shared in the coming period, said a source. The product launches lined up for the next few years include sports utility vehicles, hatchbacks and compact sedans developed by Tata Motors and Fiat, independent of each other.

India Today TV beats Times Now to be top English news channel
Posted on 12th June 2015
India Today Television just made it to the top of the English news television heap. Broadcast Audience Research Council (BARC) data show that the channel that had been inching up on reach had already crossed leader Times Now two weeks ago. This week, it went ahead of Times Now in ratings, too.

While TAM Media research data confirms that India Today TV leads in reach, Times Now is still the leader in ratings according to TAM. We are confident, given this flying start, that India Today Television will be India's foremost English news channel in the times to come, said Ashish Bagga, group chief executive, India Today group.

NTPC planning 3,000 MW capacity addition at Talcher
Posted on 11th June 2015
State-owned NTPC today said Talcher in Odisha will become a power hub with the PSU planning around 3,000 MW of capacity addition there.

"Recently I was in Odisha and the Chief Minister wanted that we should do expansion in Talcher. We have two stations there. One is Super Thermal Power station and one is Talcher Thermal Power Station (TTPS)," NTPC Chairman and Managing Director Arup Roy Choudhury told reporters here.

Ahead of FM meet, Yes Bank feels scope of 25 bps rate cut
Posted on 11th June 2015
We have full visibility of a 25 bps base rate cut at Yes Bank very soon, the lender's managing director and chief executive Rana Kapoor told reporters here today.

Kapoor said that he has also been invited for the meeting with Jaitley on Friday morning and added that calling private sector bankers is a good move by the ministry.

Ravi Shastri set to coach Indian cricket team: Report
Posted on 11th June 2015
The Indian national cricket team is set to get a new coach after the current Bangladesh tour, and in all likelihood, it will be Ravi Shastri. According to a report in The Hindustan Times newspaper, if the appointment happens, Shastri, the current team director, will take home a cool Rs 7 crore annually, becoming the highest paid cricket coach in the world.

Shastri, a former cricketer who has played for the national team in both Tests and one-day internationals, will also become the first Indian coach after Kapil Dev handed over the coach’s cap to John Wright in 2000. The newspaper also reported that the Board of Control for Cricket in India (BCCI) stopped looking for a successor to Duncan Fletcher, the current coach of Team India, after Virat Kohli expressed a desire to see Shastri in that role.

Mahendra Singh Dhoni sole Indian in Forbes list of world’s richest athletes
Posted on 11th June 2015
Cricketer Mahendra Singh Dhoni is among Forbes magazine’s 100 highest-paid athletes in the world, the only Indian sportsman on the list that has been topped again by American boxer Floyd Mayweather and includes golfer Tiger Woods, tennis star Roger Federer and Portuguese soccer player Cristiano Ronaldo.

Dhoni has been ranked 23rd on the Forbes list of The World’s Highest-Paid Athletes 2015, dropping a notch from his ranking of 22 last year. Dhoni’s total earnings stood at USD 31 million, including amount from salary/winnings at USD 4 million and endorsements worth USD 27 million.

Centre cancels AAP government's order to remove Home Secretary Dharam Pal
Posted on 11th June 2015
The Union government on Thursday cancelled the Delhi government's order to remove Home Secretary Dharam Pal who had issued letter appointing Joint Commissioner of Delhi Police MK Meena as the new Chief of Anti-Corruption Branch (ACB).

The Home Ministry has termed the removal of Delhi Home Secretary Dharam Pal as "void" and asks Delhi government to withdraw the order.

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