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Dattatreya, Sujana Chowdary likely to be inducted in union cabinet
Posted on 8th November 2014
Bandaru Dattatreya from Telangana and Sujana Chowdary from Andhra Pradesh are likely to be inducted into the union cabinet, which is likely to be expanded Sunday.

Dattatreya, national vice president of the Bharatiya Janata Party (BJP), is a member of Lok Sabha from Secunderabad, while Y S Chowdary, popularly known as Sujana Chowdary, belongs to the Telugu Desam Party (TDP) and is a member of Rajya Sabha from Andhra Pradesh.

Sachin’s ‘Playing It My Way’ breaks multiple records
Posted on 8th November 2014
Cricketer Sachin Tendulkar’s autobiography ‘Playing It My Way’ has broken all records of an adult hardback on pre-order subscriptions across both - fiction and non-fiction - categories, a statement from the publishers said.

Tendulkar’s book broke the record set by Steve Jobs’ biography by Walter Isaacson, which had sold 130,000 copies.

PM should have scrapped 2G licences: P Chidambaram
Posted on 8th November 2014
Former Union Finance Minister P Chidambaram claimed that the way UPA government could have handled the 2G issue differently and that it caused a lot of damage to the Congress party's image.

At the book launch of Rajdeep Sardesai's '2014: The election that changed India' in Delhi on Friday, Chidambaram said that former Prime Minister Manmohan Singh should have shown a strict refusal to the 'first come first serve' basis of the 2G licence allocation and employed a better way to allot the same.

Ebola death toll rises to 4,950 - WHO
Posted on 8th November 2014
The death toll from the Ebola epidemic has risen to 4,950 out of 13,241 cases in the three worst-hit countries of West Africa, the World Health Organization (WHO) said on Friday, calling for widespread rigorous control measures to halt the virus.

"Case incidence is declining in some districts in Guinea, Liberia and Sierra Leone, while steep rises persist in other districts," the United Nations agency said in a statement.

Sebi told to educate retail investors on PSU stake sale
Posted on 8th November 2014
To push to participation in the government's disinvestment programme, the finance ministry has written to the Securities and Exchange Board of India (Sebi) to promote awareness among retail investors about the coming issues of public sector units (PSUs).

As the government is planning to tap the markets through the auction route, retail investors might not find it easy to bid. The finance ministry has told Sebi it should try to spread awareness through tickers on TV channels, websites and bulk messages.

HDFC Bank slips on removal from MSCI India index
Posted on 8th November 2014
Shares of HDFC Bank were down a little over one per cent on Friday after the stock was dropped by the MSCI India Index in its semi-annual index review. The stock, which has been under pressure for want of higher foreign investment limits, declined 1.5 per cent to close at Rs 899 a share.

Analysts said the HDFC Bank shares were unlikely to see steep downside pressure because of the high investor-interest in the stock. HDFC Bank had a weightage of around two per cent in the MSCI Index, analysts said.

DLF surges 6% after SAT nod to redeem MF investments
Posted on 8th November 2014
Shares of DLF on Friday rose over six per cent, adding Rs 1,407 crore to its market valuation, after the Securities Appellate Tribunal (SAT) allowed the realty giant to redeem mutual funds (MFs) worth Rs 1,806 crore to meet working capital needs and service debt payments.

After surging 6.59 per cent to Rs 135 in intra-day trade, shares of DLF finally ended at Rs 134.55, up 6.24 per cent at the BSE.

Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions
Posted on 8th November 2014
HDFC Bank and Axis Bank have decided to charge their own customers for more than five transactions at its automated teller machines starting 1 December.

HDFC Bank will charge Rs 20 for financial transactions and Rs 8.5 (excluding taxes) for non-financial transactions (balance enquiry, mini statement, etc).

L&T net profit up 7% but may miss FY15 revenue, margin guidance
Posted on 8th November 2014
Engineering and construction company Larsen & Toubro (L&T) has reported a seven per cent rise in its consolidated net profit for the September quarter of FY15 compared to the year-ago period. However, the company management has said it might miss the annual revenue and margin forecast owing to delays in projects and problems in execution of hydrocarbon projects.

Net profit rose to Rs 862 crore from Rs 806 crore and the result was aided by a two per cent decline in finance cost following refinancing of its long-term loan.

Axis Bank hits lifetime high; zooms 80% in 2014
Posted on 7th November 2014
Shares of Axis Bank has moved higher by nearly 3% to Rs 472, also its record high on the National Stock Exchange (NSE).

Shares of the private sector lender outperformed the market by surging 82% from Rs 260 so far in current calendar year 2014, compared to 32% rise in CNX Nifty. The banking index Bank Nifty gained 52% during the same period.

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