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BJP, Congress govern with bad intentions, indulge in corrupt deeds: Kejriwal

Arvind-KejriwalNew Delhi, July 31 : Aam Aadmi Party (AAP) chief Arvind Kejriwal lashed out at the Bharatiya Janata Party (BJP) and the Congress while addressing a rally in the capital on Thursday, accusing both the parties of running a corrupt form of government.

"The Congress and the BJP govern with bad intentions and they indulge in a lot of corrupt deeds. Even the police are helpless just like everyone else. The government hasn't given them any facilities. All the people should unite together against the government," said Kejriwal .

Ajay Devgn, Kareena Kapoor launch `Singham Returns` merchandise

Ajay-Devgn-Kareena-Kapoor-Rohit-ShettNew Delhi, July 31 : Ajay Devgn, Kareena Kappor and Rohit Shetty have launched special merchandise, like shirts, popcorns, tiffins and lunch boxes, for their upcoming flick 'Singham Returns' in Mumbai.

Ipca Laboratories Q1 net jumps over two-fold to Rs 145.49 cr

Ipca Laboratories Q1 net jumps over two-fold to Rs 145.49 crNew Delhi: Drug firm Ipca Laboratories on Thursday reported over two-fold jump in its standalone net profit to Rs 145.49 crore for the quarter ended June 30, 2014, mainly on account of robust formulations sales.

The company had posted a net profit of Rs 71.77 crore for the corresponding period of the previous fiscal, Ipca Laboratories said in a filing to the BSE.

Standalone total income from operations of the company rose to Rs 935.96 crore for the quarter under consideration from Rs 805.56 crore for the same period a year ago.

Lt Gen Dalbir Singh Suhag takes charge as new Army Chief

Dalbir-Singh-SuhagNew Delhi, July 31 : Lieutenant General Dalbir Singh Suhag took over as the next Chief of Army Staff here on Thursday, succeeding outgoing Chief of Army Staff General Bikram Singh.

Lt. Gen Suhag, 59, a Gurkha officer who had participated in the 1987 Indian Peace Keeping Force (IPKF) operation in Sri Lanka, will formally assume office on August 1.

He will have a tenure of 30 months as the 26th chief of army staff.

Outgoing Chief of Army Staff General Bikram Singh had earlier today visited the Amar Jawan Jyoti before demitting office.

Indo-US group needs to work very closely on climate change: Javadekar

Prakash-JavadekarNew Delhi, July 31 : Environment Minister Prakash Javadekar has said that in view of the 2015 agreement on climate change, the Indo-U. S. Joint Working Group needed to work very closely and develop a common understanding on an ambitious and balanced package for the post-2020 period.

Javadekar, who met Special Envoy Climate Change, USA, Todd Stern here yesterday, further said that the Joint Working Group would also establish coordination on mitigation and adaptation aspects.

HCL Tech Q4 net up 53.7% to Rs 1,834 crore

HCL TechNew Delhi: India's fourth largest software services firm HCL Technologies on Thursday reported a 53.7 percent jump in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30, 2014.

The company had posted a net profit of Rs 1,193 crore in the year-ago period, it said in a statement.

Its consolidated revenues rose 20.7 percent to Rs 8,424 crore in the April-June quarter as against Rs 6,980 crore in the same period last year.

The firm follows July-June as the fiscal year.

SAIL may invest Rs 1.5 lakh cr for raising capacity

SAIL-IndiaNew Delhi: SAIL is likely to invest around Rs 1.5 lakh crore to raise its hot metal making capacity to 50 million tonnes per annum (mtpa) from 23 mtpa, planned under ongoing modernisation and expansion by 2025, the Parliament was informed on Wednesday.

"Steel Authority of India Ltd has prepared a draft plan (Vision-2025) to increase its hot metal production to approx. 50 million tonnes by 2025 (in a phased manner), mainly through brown-field expansion," Steel Minister Narendra Singh Tomar today said in Rajya Sabha.

Sun Pharma to seek shareholders nod for Ranbaxy acquisition

Sun-PharmaNew Delhi: Mumbai-based Sun Pharmaceutical Industries will seek shareholders nod for its USD 4 billion acquisition of Ranbaxy Laboratories in a court convened meeting on August 22.

In a filing to the BSE, the company said the meeting would be held at Vadodara on August 22, 2014.

The company said the Gujarat High Court had issued an order on July 16, directing the company to hold a meeting of its equity shareholders to consider and approve the scheme of arrangement between Sun Pharma and Ranbaxy.

Airtel may hike mobile call rates; sell mobile towers in Africa

Bharti-AirtelNew Delhi: Telecom major Bharti Airtel on Wednesday indicated that it may cut down on discounts it offers on mobile call rates to push revenue from voice services.

"There might be ups and downs in certain quarters, but the long-term secular opportunity for raising voice realisation remains, given the significant gap between headline tariff and the realised rates or in other words discounted tariffs," Bharti Airtel's Managing Director and CEO (India and South Asia) Gopal Vittal said.

US Secretary of State John Kerry arrives in New Delhi

John-KerryNew Delhi, July 30 : United States ( US) Secretary of State John Kerry arrived today in New Delhi for the first high level interaction between India and U. S. at the political level.

Kerry will be meeting External Affairs Minister (EAM) Sushma Swaraj. They will be presiding over a strategic dialogue tomorrow at 3 p. m. and then a delegation level discussion, after which both will have a press interaction followed by a working dinner.

Issues like security, energy, trade and investment, science and technology, human resource development and regional and international issues will be discussed in the meeting..

Bharat Forge Q1 net up 60% at Rs 145 cr

Bharat Forge Q1 net up 60% at Rs 145 crNew Delhi: Auto components firm Bharat Forge on Wednesday reported 60.01 per cent jump in standalone net profit at Rs 144.97 crore for its first quarter ended June 30, 2014-15, on the back of higher sales.

The company's net profit stood at Rs 90.60 crore in the same quarter of the previous fiscal, Bharat Forge said in a filing to the BSE.

Total net sales of the company in Q1, 2014-15 stood at Rs 964.33 crore, up 24.96 per cent compared to Rs 771.65 crore during the same period 2013-14.

BlackBerry to acquire German security solutions firm

BlackBerry to acquire German security solutions firmNew Delhi - BlackBerry will acquire German security solutions firm Secusmart GmbH as part of its efforts to ramp up enterprise service offerings.

Secusmart provides high-security voice and data encryption and anti-eavesdropping solutions for government organisations, enterprises and telecommunications service providers in Germany as well as globally.

"BlackBerry Limited has entered into an agreement to acquire Secusmart GmbH," it said in a statement today.

Amazon to invest $2 bn in India; on track to hit $1 bn sales

AmazonNew Delhi: Upping its ante in India's fiercely competitive online shopping space, e-commerce giant Amazon on Wednesday said it will invest USD 2 billion in the country to grow the business in a market that is dominated by homegrown players like Flipkart and Snapdeal.

The US-based firm's announcement comes less than 24 hours after rival Flipkart announced raising a whopping USD 1 billion funding, the largest in the e-commerce space in India.

Amazon, which launched its marketplace in India last year, said the country is one of its fastest growing markets and is on track to touch USD 1 billion in gross sales.

$1.25 bn loan from Cairn India win-win for both: Vedanta

VedantaNew Delhi: Vedanta Resources on Tuesday attempted to play down the Cairn India USD 1.25 billion loan issue, saying the move is a win-win for both the firms and was done following existing rules and regulations.

Creating concern among investors, Cairn India loaned out USD 1.25 billion to parent Vedanta Resources and has already disbursed USD 800 million at an interest rate of three percent above LIBOR for a period of two years.

Tomato prices remain high at Rs 80/kg

TomatoNew Delhi: Tomato prices continue to remain high at Rs 80 per kg in retail markets of national capital region on short supplies.

In the wholesale market of Azadpur, tomato - a key kitchen ingriedent - is available at Rs 30-40 per kg depending on the quality.

At Mother Dairy's Safal outlets, tomatoes are being sold at Rs 56 per kg, but the local vendors are charging anything between Rs 70-80 per kg.

"The tomato prices are still ruling at Rs 56 per kg as supplies continue to remain under stress," Mother Dairy's Fruit and Vegetable Business Head Pradipta Sahoo told PTI when asked about the reason for spike in price of the commodity.

Ranbaxy Q1 net loss narrows to Rs 185.92 cr

RanbaxyNew Delhi: Drug firm Ranbaxy Laboratories on Tuesday reported consolidated net loss of Rs 185.92 crore for the quarter ended June 30, 2014.

The company had posted a net loss of Rs 524.24 crore for the corresponding period of the previous fiscal, Ranbaxy Laboratories said in a statement.

Consolidated net sales of the company stood at Rs 2,372.24 crore for the quarter under consideration as against Rs 2,583.94 crore for the same period year ago.

Branded and OTC category accounted for 58 per cent of total sales during the quarter at Rs 1,370 crore. Generics and others category recorded Rs 1,000 crore of sales for the quarter, it added.

FDI in telecom jumps manifold to $1.5 bn in Apr-May

FDI-in-telecomNew Delhi: After registering a huge decline in the recent past, foreign direct investment in the telecom sector grew manifold to USD 1.5 billion in the first two-months of the 2014-15 fiscal.

In 2013-14, the sector has received total FDI of USD 1.3 billion.

FDI in the telecom sector, which includes radio paging, cellular mobile, basic telephone services, attracted only USD 9 million during April-May period of the last fiscal, as per the Department of Industrial Policy and Promotion.

Manish Tiwari on Supreme Court collegium issue

Manish-TiwariNew Delhi, 29 July, : Manish Tiwari a leader of Indian National Congress while expressing his views on Supreme court collegium matter said, "At different points in time we have experimented with different systems of judicial appointments".

He told ANI that, "There was a time when there was certain kind of preponderance of the executives, and then it was replaced by a preponderance of judiciary. There were question marks raised over the efficacy of both these systems."

Bharti Airtel Q1 net profit rises 60.9% to Rs 1,108 crore

Bharti-AirtelNew Delhi: The country's largest mobile operator, Bharti Airtel, on Tuesday reported a jump of 60.9 percent in consolidated net profit to Rs 1,108 crore for the quarter ended June 2014 on growth in mobile data revenue.

The company had reported a net profit of Rs 689 crore in the corresponding period of last fiscal, it said in a statement.

The company's total revenue rose 13.3 percent to Rs 22,962 crore for the reported quarter as compared to Rs 20,264 crore in the corresponding period.

New Jaguar XE sedan to make global debut in September

Jaguar XE sedanNew Delhi: Tata Motors-owned Jaguar Land rover will hold the global premiere of the new Jaguar XE luxury sedan in London on September 8 with which it is looking to bring new levels of aluminium-intensive lightweight construction expertise to the segment.

The Jaguar XE will use a new grade of high strength aluminium called 'RC 5754', which has been developed specifically for the XE, the company said in a statement.

"This new alloy features a high level of recycled material and makes a significant contribution to Jaguar's goal of using 75 percent recycled material by 2020," it said.


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