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ONGC’s annual report omits its infamous tiff with RIL
Posted on 2nd September 2014
Mumbai: India’s biggest state-owned company Oil and Natural Gas Corp. Ltd (ONGC) has omitted its controversial tiff with Reliance Industries Ltd (RIL) from its annual report for 2013-14.

ONGC had claimed that the private player had been drawing gas from its adjoining hydrocarbon block in the Krishna-Godavari (KG) basin. This had been one of the most controversial developments of the last fiscal, which saw ONGC lock horns with RIL over the issue. It took RIL to court in May this year along with the Directorate General of Hydrocarbons (DGH), the upstream regulator, and the government of India.

India, Japan strengthen strategic ties
Posted on 2nd September 2014
New Delhi: India and Japan moved their relations up a notch on Monday to signal closer economic and defence ties, seemingly unmindful of the reactions the move could draw from Asian giant China.

Both sides made veiled references to China, implying that the deepening of the relationship had also assumed a geostrategic overtone, especially since they emphasized the importance of Japan and India in jointly influencing the future of Asia and the world.

Bajaj Auto motorcycle sales marginally up in August
Posted on 2nd September 2014
Bajaj Auto on Tuesday reported 8 per cent increase in total sales in August at 3,36,840 units as against 3,12,188 units in the same month last year.

Motorcycle sales during the month stood at 2,84,302 units as against 2,78,583 units in August 2013, the company said in a statement.

BlackBerry partners Idea for data offer
Posted on 2nd September 2014
Canadian handset maker BlackBerry today said it has partnered telecom services firm Idea Cellular to offer one GB data plan to its customers.

Idea Cellular postpaid services users with BlackBerry OS 7 devices would be able to avail BlackBerry Internet Service (BIS) 1 GB 2G plan at Rs 83 per month with an annual rental plan of Rs 999 (taxes extra), BlackBerry said in a statement.

Forbes 'Fabulous 50': TCS, HCL Tech, HDFC Bank, nine other Indian companies in Asia-Pacific list
Posted on 2nd September 2014
Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the 'world's next growth engines'.

The Forbes 2014 'honour roll of the Fabulous 50' lists best of Asia-Pacific’s biggest publicly traded companies.

Infosys to unveil growth plan by mid-October: Vishal Sikka
Posted on 2nd September 2014
BANGALORE: Infosys' newly appointed boss Vishal Sikka said the company will unveil its strategy by mid-October, even as he stressed on the importance of automation and the need to embrace design-thinking to drive growth.

Sikka mentioned the offsite the company's senior executives had at Stanford's Design School earlier in August, and said the management has had more than 20 meetings with clients and partners.

Rupee down 11 paise against dollar in early trade on September 2
Posted on 2nd September 2014
Falling for the fourth straight day, the rupee today weakened by another 11 paise to 60.64 against the US currency in early trade at the Interbank Foreign Exchange market due to dollar's gains against other rivals overseas.

Forex dealers said besides dollar's gains against other currencies, increased demand for the American unit from importers put pressure on the rupee, but a higher opening in the domestic equity market limited the losses.

Take home your fav BMW, Mercedes, Audi on EMIs
Posted on 2nd September 2014
Want to get behind the wheel of your favourite luxury car but running short of money? Don't fret; help is at hand. Luxury carmakers have come up with personalised and flexible finance options this festive season to boost sales.

According to BMW India, its finance arm BMW Financial Services currently finances/leases every second BMW sold. Most luxury car companies, including German majors Mercedes Benz India, Audi India and BMW India, have come out with tailor-made finance options as more and more luxury car buyers opting for credit.

TVS Motor touches new high on robust August sales
Posted on 2nd September 2014
TVS Motor Company is trading higher by 3% at Rs 200 on National Stock Exchange after reporting a robust 46% year-on-year (yoy) growth in total sales in the month of August 2014 to 227,482 units. The company had sold 155,532 units in the same month last year.

Total two wheeler sales increased by 47% from 148,469 units recorded in August 2013 to 217,662 units in August 2014, TVS Motor said in a statement.

Sebi rule a hurdle in retail participation
Posted on 2nd September 2014
The Securities and Exchange Board of India (Sebi)’s move to safeguard small investors in initial public offerings (IPOs) of non-profitable companies is proving a hurdle to greater retail participation. For public issues of companies that didn’t have a three-year ‘profitability’ track record, a change in norms by Sebi in 2012 had lowered the retail investor quota from 35 per cent to 10 per cent of the issue size.

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