Weekly news

CWG: Four-gold strike fails to keep India in 2nd spot

Yogeshwar Dutt and Narsingh Pancham Yadav came up with a power-packed display to help India bag four gold medals but England nosed ahead of the hosts in the medals table at CWG.

India-EU trade deal may nullify UK migration cap: Under the current EU negotiating position, Indians who are skilled professionals will be able to work in any EU country under contract.

New SKS chief barred from taking major decisions:The Andhra Pradesh High Court has barred the new chief executive of SKS Microfinance from taking any major decisions before the conclusion of a case related to the controversial sacking of his predecessor Suresh Gurumani .

Rift with my sons is a media creation: Rahul Bajaj

SAIL achieves best ever Q 2 sales:e July-September quarter of 2010 has been the best-ever Q2 for Steel Authority Of India with sales of 3.17 million tonnes (MT) achieved during the period, sources in Rourkela Steel Plant said.

M&M to sign final agreement with SsangYong by Dec-Jan:Auto major Mahindra & Mahindra (M&M) said due diligence on South Korean sports utility vehicle-maker SsangYong Motor Company is almost over and work on a draft agreement will begin by the month-end.

Delhi HC rejects RIL plea to quash CBI case against it :The Delhi HC has cleared the decks for trial against Reliance Industries relating to seizure of classified documents from its office in 1998 by rejecting its plea that the case was time-barred.

India for 5-6% increase in voting power for emerging economies:India today pitched for a revision in quota formula in the IMF based on purchasing power parity and demanded 5-6 per cent increase in voting power for emerging economies in the 186-nation multilateral agency.

India, Norway for extended DTAA:India and Norway are all set to expand the scope of their double taxation avoidance agreement (DTAA) to facilitate greater information exchange on potential cases of tax evasion. After changes to the Indo-Swiss tax treaty this would be the second such treaty that would be reworked to ensure smooth flow of information on tax-related issues.

Air India to demand another Rs 2,000 crore to repay debts:

The airline would require Rs 3,000-Rs 4,000 crore annually to pay off its debt, which is primarily on account of aircraft induction.

• Companies want 26% stake in banks they sponsor:

Corporates represented by industry associations have told RBI that they should be allowed to hold at least 26% equity in any bank they sponsor.

• Assocham calls for 50-100 new pvt banking licences:

Taking all stakeholders by surprise, industry body Assocham today suggested that the Reserve Bank issue between 50-100 new private bank licences in the current round of allowing new entrants.

Surya Roshni earmarks Rs 100 cr investment for new unit in Karnataka:

Surya Roshni, the flagship company of Surya Group, has earmarked an investment of Rs 100 crore to produce both pipes and lighting products at Shimoga in Karnataka .

Johnnie Walker Double Black set for global launch next year:

In January this year, the world's largest maker of alcoholic drinks, Diageo, conducted a marketing experiment. It launched Johnnie Walker Double Black , a smokier variant of its 12-year-old blended scotch Johnnie Walker Black Label , at duty-free outlets across six airports.