New Delhi

Yamaha Motor India sales rise 21% in January

New Delhi - Yamaha Motor India on Monday reported 20.82 percent rise in domestic two-wheeler sales at 39,309 units in January.

The company had sold 32,534 units in January 2014.

Commenting on the sales performance, Yamaha Motor India Sales Vice President (Sales & Marketing) Roy Kurian said: "The incessant growth reinforces our belief in our business and strategic outlook.

"We are happy with our gradual growth and are extremely positive about 2015 with our new launches and innovative customers connect programmes."

He added that leveraging on the same, the company would garner major sales.

Tata Motors' sales up 5.19% in January

New Delhi - Tata Motors on Monday reported a 5.19 percent increase in total sales at 42,582 units in January, as against 40,481 units in the same month last year.

Domestic sales of Tata commercial and passenger vehicles grew by 5.35 percent at 38,621 units as compared to 36,657 units in January 2014, Tata Motors said in a BSE filing.

Sales of passenger vehicles in the domestic market in January stood at 13,047 units, up 18.89 percent from 10,974 units in January 2014.

In the commercial vehicles segment, domestic sales remained flat at 25,574 units during the month, the company said.

I want to get back to theatre: Om Puri

Om PuriNew Delhi: Veteran Bollywood actor Om Puri was overwhelmed by the warm reception he received on his return to his alma mater National School of Drama after 40 years and he says he wants to get back to theatre.

Puri, 64, was welcomed with a resounding applause here yesterday during the inauguration of NSD's 17th Bharat Rang Mahotsav. Recalling his old days on the stage, the National Award-winning actor said the feeling one gets on a theatre stage is unmatchable and he wants to live that time once again.

Indian manufacturing activity falls in Jan on slower order flows

IndustryNew Delhi: Manufacturing sector activity in January fell from December's two year record-high as new orders, both from domestic and international sources, continued to grow but at a slower pace, an HSBC survey said on Monday.

The headline HSBC India Purchasing Managers' Index (PMI) -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- fell from December's two-year record of 54.5 to 52.9 in January.

A figure above 50 indicates the sector is expanding, while a figure below that level means contraction.

Sun Pharma gets US FTC clearance for Ranbaxy acquisition

Sun PharmaNew Delhi: The US Federal Trade Commission (FTC) has completed its review of the proposed USD 4 billion acquisition of Ranbaxy Laboratories by Sun Pharma and granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

"The US Federal Trade Commission (FTC) has completed its review of the proposed acquisition of Ranbaxy by Sun Pharma and has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act)," Sun Pharmaceutical Industries and Ranbaxy Laboratories said in a joint statement.

49 fresh cases of swine flu in Delhi

Swine FluNew Delhi, Feb. 2 - Forty nine fresh cases of swine flu have been reported in the capital with the total number of cases of the disease going up to 488 this year.

Five people have already been reported to have died this year due to the disease.

Swine flu is caused by H1N1 virus. H1N1 symptoms are similar to those produced by other influenza viruses - fever, cough, sore throat, body aches and respiratory problems.

Jet fuel price cut by 11.3 percent

New Delhi, Feb. 2 - The price of Jet fuel has been cut by 11.3 percent and it will now cost less than diesel.

On the back of fall in international crude oil prices, oil companies announced the price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by around 5,910 rupees a kilolitre to 46,513 rupees a kilolitre.

The cut is the seventh reduction in jet fuel rates since August 2014. Last month, the rate had gone down below the price at which petrol is sold. And after yesterday's cut, it costs 46 rupees 51 paise a litre, even cheaper than diesel . (ANI)

Sebi lowers Sahara case expense estimates to Rs 25.88 cr

SebiNew Delhi: As a prolonged Sebi-Sahara battle continues, the regulator has revised lower the expenditure it intends to recover from the business group to Rs 25.88 crore in the current fiscal towards money spent on identifying the investors and making refunds.

As per the court orders, Saharas were asked to bear the costs incurred by Sebi in identifying the investors and repayment of refunds to them, which has been an uphill task for the capital markets watchdog.

Coal unions warn of 'non-cooperation' drive on CIL divestment

CIL divestmentNew Delhi: Irked by the government's 10 percent stake sale in Coal India Ltd (CIL), trade unions have warned of a 'non-cooperation drive' to protest against the disinvestment and other issues.

A decision in this regard would be taken by the central trade unions of coal industry during a meeting expected to be called in a couple of days, a senior union leader said.

"We may launch a non-cooperation drive later to protest against CIL disinvestment," INTUC-affiliate Indian National Mine Workers' Federation (INMF) Secretary General S Q Zama told PTI. He, however, did not divulge further details.

RBI may cut interest rate further in policy review this week

New Delhi/Mumbai - The RBI may cut its policy rate further by 0.25 percent this week to boost growth, as inflation remains under control and fiscal situation appears better following a record CIL disinvestment.

RBI, which last month announced a surprise rate cut of 25 basis points after maintaining a hawkish monetary stance for 20 months, is scheduled to undertake its sixth bi-monthly monetary policy review, 2014-15 on Tuesday, February 3.

No alcohol, seafood: Jet Airways pilots observe safety week

Jet AirwaysNew Delhi : No alcohol for one week. This is what the pilots of private carrier Jet Airways have decided as part of a novel way to observe a flight safety week at the airline from January 30 to February 5.

The airline pilots, who have seldom found themselves at the receiving end for one reason or the other, have also decided to adhere to "all stabilised approach" in the operations and flight duty time limitation (FDTL) norms, airline sources said.

A stabilised approach is a key feature to a safe approach and landing and a part of the DGCA formulated Standard Operating Procedure (SOP) for safe flight operations.

Oil Min wants to recoup KG-D6 profit share from Panna fields

New Delhi - Oil Ministry is mulling recouping USD 195 million it believes is due from Reliance Industries in the flagging KG-D6 block from oil and gas it sells to public sector firms from the separate Panna/Mukta and Tapti fields.

The Ministry believes RIL has to remit additional profit petroleum of USD 195 million to the government after USD 2.376 billion in KG-D6 expenditure was disallowed for output lagging targets.

Mutual funds pump over Rs 33,000 crore in debt markets

New Delhi - Mutual funds have pumped over Rs 33,000 crore in debt markets in January on hopes that fixed income securities will continue to benefit from improvement in economic prospects and the government's reform initiatives.

Besides, mutual funds (MFs) invested a net amount of Rs 270 crore in equity markets last month.

Industry experts attributed the inflows during the month in debt to the new government's intent on introducing economic reforms and improved fundamentals of the domestic economy.

Fiscal deficit target of 4.1% GDP likely to be met: Citi

New Delhi - The government is likely to meet its fiscal deficit target of 4.1 percent GDP for the current financial year, says global brokerage firm Citigroup.

The fiscal deficit target of 4.1 percent of GDP for 2014-15 is likely to be met though the fiscal trends are "weak", it said.

As per the data released by Controller General (CGA) of Accounts, India's fiscal deficit overshot the budget estimate of Rs 5.31 lakh crore by December-end.

However, a "compression" in plan expenditure coupled with a pick-up in divestments, would likely help the government meet its 2014-15 fiscal deficit of 4.1 percent of GDP, it said.

Shortfall in TDS collections: CBDT asks I-T dept to act

New Delhi - Worried over a huge shortfall in TDS collections, CBDT has asked the Income Tax department to pull up its socks and initiate special measures to achieve the direct taxes collection target for this fiscal.

Officials said the instructions were issued last week after a high-level 'video conference' meeting chaired by Central Board of Direct Taxes (CBDT) Chairperson Anita Kapur along with other Members of the board and top officials of the I-T department from across the country.

Agni-V missile successfully test-fired

agni v missileNew Delhi: The country's most powerful strategic missile, Agni-V, was successfully test-fired at Wheeler Island off the Odisha coast on Saturday.

The 5,000 km-plus nuclear capable missile, developed by the Defence Research and Development Organisation (DRDO), will be launched for the first time from a canister.

The rocket will be launched from a mobile vehicle system, sources said adding that pre-mission activities were in full swing at Wheeler Island off the Odisha coast.

Medicos asked to adhere to SUP on swine flu

H1N patientsNew Delhi : In the wake of medicos at Lok Nayak hospital contracting swine flu, Delhi government Friday directed all the 25 designated hospitals to strictly adhere to the Standard Universal Precautions while dealing with H1N1 influenza patients.

"We have directed the hospital heads to re-sensitise their medical staff regarding observance of Standard Universal Precautions (SUPs) while dealing with patients of swine flu.

PM Modi's innovative social media outreach continues

narendra modiNew Delhi, Jan 30 : In a first, Prime Minister Narendra Modi addressed the 18th National e-Governance Conference via Twitter on Friday.

The live Twitter address revolved around his vision for a Digital India and to take e-Governance and mobile governance to the next level.

He also hoped the conference would become a focal point for the innovation of ideas to help the nation.

This was yet another innovative approach that has become characteristic of the Prime Minister. Such innovations were seen before. It was also seen during U. S. President Barack Obama's recent visit to India.

SpiceJet plans to raise Rs 1,500 crore; Marans exit Board

SpiceJetNew Delhi: Low cost carrier SpiceJet, which is going through an ownership change, plans to raise Rs 1,500 crore by way of issuing securities and allotting non-convertible preference shares to Marans, its promoters, who will be exiting the company.

The Board of SpiceJet, in its meeting on Thursday, has approved the entire 58.46 percent stake sale of its promoter group, Marans, to Ajay Singh.

The embattled airline, which received a lifeline from original promoter Singh earlier this month, would also issue up to 37.5 lakh non-convertible cumulative redeemable preference shares of Rs 1,000 apiece to Kalanithi Maran or Kal Airways or both on a preferential basis.

Food Ministry for extending sugar export subsidy for 1.4 million tonnes

Food MinistryNew Delhi: The Food Ministry is in favour of extending export subsidy for only 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.

"A cabinet proposal to extend export subsidy on raw sugar for 2014-15 marketing year (October-September) has been sent for inter-ministerial views. The Food Ministry has proposed a cap on quantity at 1.4 million tonnes," sources said.

Last year, the Centre had announced a subsidy for exports of raw sugar up to 4 million tonnes in order to help the cash-starved industry clear sugarcane arrears to farmers. The subsidy scheme ended in September 2014.

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