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Business Standard | News Now
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The latest news from India's most respected business daily.
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Hinduja Bank Middle East gets category 1 licence in Dubai
Hinduja Bank Middle East was today granted category one license by the Dubai Financial Services Authority (DFSA), upgrading it from the current status of category three bank here.
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Govt proposes further amendments to Consumer Protection Act
On the eve of World Consumer Rights Day, the government today said it will soon propose amendments to the Consumer Protection Act in Parliament, aimed at speedy disposal of a large number of consumer cases.
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OPAL invites plastic converters to set up units at Dahej SEZ
ONGC Petro-additions (OPAL), a joint venture promoted by Gujarat State Petro Corporation, GAIL and ONGC at Dahej SEZ, has invited plastic converters from India and abroad to set up manufacturing units at the Dahej special economic zone (SEZ).
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Avantha food division to get $10 mn PE funds
Private equity group India Agri Business Fund will invest $10 million (about Rs 48 crore) to pick up around 22 per cent stake in Gautam Thapar-promoted Avantha Group's food division Global Green Company.
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RIL, IMG form sports venture to tap Indian game mkt
Mukesh Ambani-led Reliance Industries (RIL) and sports marketing giant IMG Worldwide today entered into an equal joint venture to build a professional sports business in India, which is expected to give a boost to the country's sporting arena.
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Govt may pick up RBI's stake in Nabard next fiscal
The government may pick up Reserve Bank of India's stake in the National Bank of Agriculture and Rural Development (Nabard) next fiscal, for which it had earmarked Rs 1,450 crore in the Budget.
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HSBC blamed for hastening Lehman's fall: report
Britain's biggest bank HSBC is accused of quickening the fall of Lehman Brothers by demanding billions of pounds in collateral days before its collapse, a media report said.
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DQ Entertainment fixes IPO price at Rs 80
Animation and gaming company DQ Entertainment has fixed the issue price of its initial public offer (IPO), which was subscribed nearly 86 times, at Rs 80 per share -- the upper end of its price band.
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D-Street likely to move sideways: Analysts
Dalal Street is likely to witness a lacklustre session this week tracking global markets, which are also expected to trade in a limited range, analysts said.
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Govt's austerity drive may end on March 31
Ministers and bureaucrats, who have been travelling 'cattle class' for the past several months now, may cheer up as the austerity drive could end on March 31 when the order to cut expenditure in government departments expires.
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