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Eight women on Tuesday died in sterilisation camp organised by the state government in Bilaspur in Chhattisgarh.

According to reports, around 20 women are said to be in a critical condition. The sterilisation camp was held in the home district of Health Minister Amar Agarwal on Saturday.

India’s second largest fund house, ICICI Prudential AMC, has emerged as the front runner for managing the exchange-traded fund (ETF) the government plans to float for disinvesting part of its holdings under the Specified Undertaking of Unit Trust of India (Suuti).

It had bid to manage Suuti's corpus for 13 basis points (0.13 per cent of the total assets under management). The government had bids from seven asset management companies to act as manager to the ETF. These were Reliance Mutual Fund, Birla Sun Life MF, Kotak MF, SBI MF, ICICI Prudential AMC, UTI MF and Sundaram MF in a consortium with Edelweiss MF.

Bajaj Auto, the country’s third largest two-wheeler manufacturer, will launch a series of products over the next 12 months with the aim of not only regaining market share in the very competitive motorcycle segment but to push it higher.

In addition to launching new motorcycles under its premier Pulsar and Discover brands, the Pune-based company will revive its neglected entry-level brand, Platina.

Enough evidence in coal scam case, says CBI
Posted on 10th November 2014
In an apparent U-turn, the Central Bureau of Investigation (CBI), which had filed a closure report in a coal blocks case involving industrialist Kumar Mangalam Birla, former coal secretary P C Parakh and others, on Monday told a special court there was enough evidence against the accused to take cognisance of offences.

The Supreme Court appointed-special public prosecutor (SPP) R S Cheema submitted before Special CBI Judge Bharat Parashar that the court can take cognisance on the closure report filed by it on October 21 as there was prima facie “evidence against the accused to show their involvement”.

To make delisting easier and faster, market regulator Sebi will soon announce a new set of regulations wherein time required to complete such an exercise may be more than halved from a minimum of 137 days at present.

The changes are being made after taking into account suggestions made by the industry and other stakeholders, including market entities and investors.

ITC gains 3% on heavy volumes
Posted on 10th November 2014
Shares of the country’s largest cigarette maker ITC is trading higher by 3% at Rs 367 on National Stock Exchange (NSE) in otherwise subdued market on back of heavy volumes.

The stock opened at Rs 356 and touched a high of Rs 368 on NSE so ar. At 1149 hours, a combined 9.12 million shares changed hands against an average sub 6 million shares that were traded daily in past two weeks on NSE and BSE.

Hours after the Union Council of Ministers was expanded on Sunday, a slighted Shiv Sena, which has been refused a Cabinet berth, declared it would sit in the opposition if the newly elected Bharatiya Janata Party-led minority government in Maharashtra sought the support of the Nationalist Congress Party (NCP) to survive the trust vote on Wednesday.

Star batsman Virat Kohli on Sunday became the quickest cricketer to reach 6,000 runs in ODIs, bettering legendary West Indian Vivian Richards’ record during his 53-run knock in India’s third ODI against Sri Lanka.

Playing in his 144th match and 136th innings, Kohli reached the milestone with a single off left-arm spinner Chaturanga de Silva in the 39th over at the Rajiv Gandhi International Stadium. Vivian Richards took 156 matches and 141 innings to reach the milestone in 1989.

Senior Bharatiya Janata Party (BJP) leader Subramanian Swamy today expressed hope that the black money stashed in foreign banks would return to the country in about one year.

“We are optimistic that the black money stashed in foreign banks would return to the country in about one year time, much before the expectation of the people,” Swamy told reporters here.

Larsen and Toubro dips post Q2 results
Posted on 10th November 2014
Larsen and Toubro (L&T) has dipped nearly 3% to Rs 1,611 in early morning deals on NSE on reports that 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.

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, a Business Standard report suggests.

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