BREAKING !  :  Members of Karnataka Pradesh Mahila Congress staged a protest over rise in prices of LPG cylinders in Bengaluru on Thursday. (Photo By Arrangement) Hoteliers fume over hike in LPG cylinder prices
 BREAKING !  :  Cyient founder B.V.R. Mohan Reddy. (Photo: Twitter) BVR Mohan Reddy: A living example for success by design
 
Nation In Other News 13 Dec 2016

Nation, In other news, 13 Dec 2016

Tata Sons interim chairman Ratan Tata

Tata Sons buys addtional stake worth Rs 2,430 crore in Tata Motors

Tata Sons has purchased a total of 5 crore shares, amounting to 1.73 per cent stake.
13 Dec 2016 8:44 PM
Another charge was violation with regard to File & Use guidelines for which the regulator imposed a fine of Rs 5 lakh.

Irdai slaps Rs 20 lakh penalty on Birla Sun Life Insurance

The regulator imposed a penalty of Rs 5 lakh only for violation Corporate Agents guidelines.
13 Dec 2016 8:20 PM
Retail inflation was at 5.41 per cent in November 2015.

Retail inflation hits multi-year low of 3.63 per cent following demonetisation

PM Modi's surprise announcement on November 8 to scrap Rs 500 and 1,000 notes has resulted in lower consumer demand.
13 Dec 2016 7:41 PM
Petrol consumption was up 14.4 per cent to 2.01 million tonnes while diesel sales soared 10.45 per cent to 6.75 million tonnes.

India's fuel demand in November soars 12% on demonetisation

After banning old 500 and 1,000 rupee notes on November 8, the govt allowed their use for paying for auto and cooking fuels.
13 Dec 2016 6:01 PM
Reserve Bank of India

Preserve CCTV footages to spot currency hoarders: RBI to banks

The central bank said the move will "facilitate coordinated and effective action by the enforcement agencies in dealing with such matters.
13 Dec 2016 5:42 PM
Bajaj Electricals and Gooee will develop innovative offering relevant to indoor commercial spaces like workspaces, retail outlets, hospitals, hotels industrial units

Bajaj Electricals, Gooee tie-up for IoT based lighting

Gooee will be the first full stack operating platform providing Bajaj Electricals a service driven framework to deliver IoT applications.
13 Dec 2016 5:25 PM
BofA-ML expects CPI inflation to be at 4 per cent in November and 5 per cent in financial year 2018, consistent with the RBI's 2-6 per cent inflation target.

Dec quarter growth may slip to 5.5-6% on demonetisation: BofA-ML

The global financial services major reported that the RBI is expected to go for a 25 bps rate cut in its February 8 meet.
13 Dec 2016 4:42 PM
The bilateral trade stood at USD 52.14 billion till January to September 2016

Indo-China trade volume to touch USD 65 bn during 2016

China will be focusing on financial, infrastructure, electronics and Information Technology sectors.
13 Dec 2016 4:31 PM
Ousted Tata Sons chairman Cyrus Mistry

Foundations of Tata Group in grave risk, I’m fighting to save its soul: Mistry

Mistry was on October 24 was abruptly removed as chairman of Tata Sons.
13 Dec 2016 4:08 PM
Inox Wind's 450 MW Rojmal site is one of the largest wind farms in Gujarat.

NTPC enters wind power space, partners with Inox Wind

The project is scheduled to be commissioned by first quarter of 2017-18 and will be executed on a turnkey basis.
13 Dec 2016 3:58 PM
ASCI also said it has asked HUL to modify its TVC in which the company made a claim that 'Vim removes grease fastest' saying, "There was a mismatch between the claim and its corresponding disclaimer."

HUL pulled up for misleading Vim bar ad

The ASCI noted that its Consumer Complaints Council upheld a complaint against HUL.
13 Dec 2016 3:06 PM
The outstanding credit of banking system stood at Rs 72.92 trillion as of November 25, according to the Reserve Bank data.

Bank credit plunges by Rs 61,000cr in post note ban fortnight

During the same fortnight, banks received as much as Rs 4.03 trillion, which as of December 9 crossed Rs 12 trillion.
13 Dec 2016 1:44 PM
The violations listed by the FDA after its latest inspection at Halol include problems with Sun's quality control system, some of which were also cited by the US. health regulator in its warning letter issued to Sun in December 2015.

US FDA finds quality control problems at Sun Pharma's Halol plant

The company has been working on improving processes at Halol since FDA warned it a year ago.
13 Dec 2016 1:20 PM
The revision of prices will help the company offset the impact of this and maintain our competitiveness in the industry.

Nissan to hike prices by up to Rs 30,000 from January 1

The prices of Nissan and Datsun models in the country will rise by up to Rs 30,000, effective January 2017.
13 Dec 2016 1:10 PM
Vivek Ramaswamy (L) and Apoorva Mehta (R) (Photo: Forbes)

2 Indians in US' Richest Entrepreneurs Under 40 list: Forbes

Vivek Ramaswamy has been ranked 24th, while Apoorva Mehta has been ranked 31st in the list.
13 Dec 2016 12:27 PM
Sales of gasoline, or petrol, were 14.3 percent higher from a year earlier at 2.03 million tonnes.

India's fuel demand rose 12.1 percent year-on-year in November

Data from PPAC showed Consumption of fuel 16.64 million tonnes.
13 Dec 2016 12:01 PM
Metal for delivery in April eased Rs 40, or 0.14 per cent, to Rs 27,569 per 10 grams in a modest volume of just one lot.

Gold futures decline Rs 79 on profit-booking

Gold for delivery in February shed Rs 79, or 0.29 per cent, at Rs 27,587 per 10 grams in a business turnover of 280 lots.
13 Dec 2016 11:53 AM
Revenue intelligence agencies are learnt to have send notice to a prominent private sector bank about a suspicious transaction which some sources quoted to be as high as Rs 100 crore.

Bank issued notice over money laundering

The bank, when contacted by this newspaper said that they had received an inquiry from the revenue intelligence agencies last week.
13 Dec 2016 1:26 AM
Recently income tax had carried out surveys in two branches of Axis Bank in New Delhi.

No steps initiated against Axis Bank: RBI

There were some reports in a section of the media that the bank was likely to lose its banking licence.
13 Dec 2016 1:21 AM

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Hyderabad city to have bridges à la Paris

While six bridges and a link road will be constructed by the Hyderabad Metropolitan Development Authority, four bridges will be built by the Greater Hyderabad Municipal Corporation, three by the HRDCL and one bridge by the QQSUDA. (Representational Image: PTI)
 

Experts warn of particularly hot summer ahead in Hyderbad

Anjal Prakash, research director and adjunct associate professor of Bharti Institute of Public Policy, ISB, told Deccan Chronicle, “The climate models have predicted that this is going to be a warmer summer and the hot areas will be hotter than before. In Telangana, we are seeing 38ºC in February itself, which is an indication of what is in store in April and May.” (Representational DC Image)
 

When Cupid strikes OTT platforms

Shah Rukh Khan and Kajol from the film Dilwale Dulhania Le Jayenge. (Photo: Twitter)
 

Kerala transman gives birth to baby, first case in India

Ziya Paval recently took to Instagram and announced that Zahhad was eight months pregnant. Paval and Zahhad have been living together for the past three years. (Twitter)
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Entertainment Gallery

Ananya Panday along with Vijay Deverakonda are currently busy promoting their upcoming sports action film 'Liger'. (ANI)

Ananya Panday, Vijay Deverakonda spotted at coffee shop
Niharika Koniedla and Chaitanya Jonnalagadda, Picture credit: Joseph Radhik

Niharika and Chaitanya wedding ceremony
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(From left) Actor Rajinikanth, Mahesh Babu and Chiranjeevi

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