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Harish Manwani to retire as COO of Unile...

Harish Manwani to retire as COO of Unilever

MUMBAI: Harish Manwani, currently chief operating officer, Unilever, will retire from Unilever on December 31, 2014, after more than 38 years of service. He will continue in his capacity as the non-executive chairman of Hindustan Unilever (HUL). As COO of Unilever, Manwani’s key achievement... read more »

Nifty reclaims 8,000 level

Nifty reclaims 8,000 level

With the Reserve Bank of India (RBI) keeping its main lending rate unchanged after a monetary policy review, key benchmark indices extended gains and hit fresh intraday high in afternoon trade. The 50-unit CNX Nifty regained the psychological 8,000 level. The Nifty hit its highest level in nearly a... read more »

Larsen and Toubro gains on Rs 1,423 cror...

Larsen and Toubro gains on Rs 1,423 crore new orders

Larsen and Toubro (L&T) has moved higher by 2% to Rs 1,490 after the company said it has won new orders worth Rs 1,423 crore across various business segments in September 2014, including order from Lucknow Metro Rail Corporation. The company’s heavy civil infrastructure business has bagged a... read more »

Israeli fire wounds Gaza teenager

Israeli fire wounds Gaza teenager

GAZA CITY, Palestinian Territories: Israeli troops shot and wounded a 14-year-old boy in the northern Gaza Strip on Monday in the second such incident in 24 hours, medics said.   The boy suffered injuries to his foot after coming under fire in his village close to the border, emergency... read more »

Indirect tax target challenging but achievable: FM

Finance Minister Arun Jaitley on Monday said Rs 6.23 lakh crore indirect taxes collection target for the current fiscal is a challenging one but efforts are on to achieve the same by taking... read more »

IDBI Bank to raise Rs. 1,200-cr fresh capital through QIP

IDBI Bank says not being probed over Rs 950-cr loan to Kingfisher Airlines

State-run lender IDBI Bank Ltd said on Tuesday it is not being investigated by the Central Bureau of Investigation (CBI) over a Rs 950-crore loan to the now-grounded carrier Kingfisher... read more »

Tata-SIA airline Vistara may take to the skies in October

Tata-SIA Airlines Limited (TSAL), on Monday, announced that the much-anticipated brand name of its new airline will be Vistara, or limitless in Sanskrit, with aubergine and gold as its... read more »

Basic suite of products by banks, key to financial inclusion: Rajan

Simplicity and reliability in financial inclusion in India and direct benefits, though not a ‘cure-all’, can be a way of liberating the poor from dependence on indifferently delivered... read more »

Riots in U.S. town after police kill teen

The killing of an unarmed African-American teenager, Michael Brown (18), by a police officer in Ferguson, Missouri, sparked off a wave of protests that gave way to rioting on Sunday evening as racial... read more »