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    <title><![CDATA[Companies & Industry -> News Now]]></title>
    <link>http://www.business-standard.com/</link>
    <description>The latest news from India's most respected business daily.</description>
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      <title><![CDATA[Ranbaxy shareholders concealed critical info Daiichi Sankyo]]></title>
      <description><![CDATA[Daiichi Sankyo, the Japanese parent of Ranbaxy Laboratories, today said it believes that certain shareholders of the Indian company concealed and misrepresented critical information.]]></description>
      <link>http://www.business-standard.com/india/news/ranbaxy-shareholders-concealed-critical-info-daiichi-sankyo/250121/on</link>
      <pubDate>Wed, 22 May 2013 21:38:00 +0530</pubDate>
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      <title><![CDATA[Phaneesh Murthy to lose his severance benefits of $1 mn]]></title>
      <description><![CDATA[Phaneesh Murthy who lost his job of president and CEO of IT services company iGate on Tuesday over charges of sexual harassment may lose his severance package of $1 million.]]></description>
      <link>http://www.business-standard.com/india/news/phaneesh-murthy-to-lose-his-severance-benefits1-mn/249876/on</link>
      <pubDate>Wed, 22 May 2013 21:02:00 +0530</pubDate>
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      <title><![CDATA[Jet promoter looks for exemption to divest stake to meet public floating norms]]></title>
      <description><![CDATA[Etihad Airways will have three members on the Jet Airways Board post the preferential allotment of shares to the foreign airlines.]]></description>
      <link>http://www.business-standard.com/india/news/jet-promoter-looks-for-exemption-to-divest-stake-to-meet-public-floating-norms/250026/on</link>
      <pubDate>Wed, 22 May 2013 20:58:00 +0530</pubDate>
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      <title><![CDATA[Former Ranbaxy shareholders hid key info on US investigation]]></title>
      <description><![CDATA[Drug maker Ranbaxy&#39;s Japanese promoters today blamed the company&#39;s former Indian owners for concealing and misrepresenting critical information about US investigation into sale of adulterated drugs, and said it will pursue legal remedies.]]></description>
      <link>http://www.business-standard.com/india/news/\former-ranbaxy-shareholders-hid-key-infous-investigation\/250054/on</link>
      <pubDate>Wed, 22 May 2013 20:54:00 +0530</pubDate>
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      <title><![CDATA[3G generated one third of mobile data in India in 2012 Nokia Siemens]]></title>
      <description><![CDATA[Cellphone image via Shutterstock3G services generated about one third of the total mobile data in India in 2012 on the back of tariff reduction by the operators in middle of 2012, according to Nokia Siemens Networks&rsquo; MBit Index study.]]></description>
      <link>http://www.business-standard.com/india/news/3g-generated-one-thirdmobile-data-in-india-in-2012-nokia-siemens/250047/on</link>
      <pubDate>Wed, 22 May 2013 20:46:00 +0530</pubDate>
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      <title><![CDATA[Jury is still out on Ranbaxy]]></title>
      <description><![CDATA[The long-drawn judicial process related to Ranbaxy&rsquo;s issues may have come to an end with the company agreeing to pay the penalty, but there are still some concerns.]]></description>
      <link>http://www.business-standard.com/india/news/jury-is-still-outranbaxy/250030/on</link>
      <pubDate>Wed, 22 May 2013 20:34:00 +0530</pubDate>
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      <title><![CDATA[Zee Entertainment positives factored in]]></title>
      <description><![CDATA[Broadcasting major Zee Entertainment Enterprises (Zee) reported higher than expected performance for the quarter ended 31st March 2013.]]></description>
      <link>http://www.business-standard.com/india/news/zee-entertainment-positives-factored-in/249971/on</link>
      <pubDate>Wed, 22 May 2013 19:45:00 +0530</pubDate>
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      <title><![CDATA[Govts development agenda may take backseat in election yr L&amp;T]]></title>
      <description><![CDATA[Larsen and Toubro Chairman A M Naik today said government&#39;s development agenda could take a backseat due to the forthcoming elections and India should be satisfied with a 6% growth this fiscal given the present macro-economic conditions.]]></description>
      <link>http://www.business-standard.com/india/news/govt\s-development-agenda-may-take-backseat-in-election-yr-lt/249958/on</link>
      <pubDate>Wed, 22 May 2013 19:32:00 +0530</pubDate>
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      <title><![CDATA[SAP to work with Specialisterne to employ people with autism]]></title>
      <description><![CDATA[Enterprise solutions provider SAP today said it will work globally with Specialisterne to employ people with autism as software testers, programmers and data quality assurance specialists.]]></description>
      <link>http://www.business-standard.com/india/news/sap-to-workspecialisterne-to-employ-peopleautism/249929/on</link>
      <pubDate>Wed, 22 May 2013 19:13:00 +0530</pubDate>
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      <title><![CDATA[No cartelisation by telecom operators Vodafone]]></title>
      <description><![CDATA[Disputing CAG&#39;s allegations of telecom operators forming cartels during recent spectrum auctions, Vodafone India today said if all the players in the industry did not participate than it cannot be termed as cartelisation.]]></description>
      <link>http://www.business-standard.com/india/news/no-cartelisation-by-telecom-operators-vodafone/249907/on</link>
      <pubDate>Wed, 22 May 2013 19:00:00 +0530</pubDate>
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      <title><![CDATA[Govt okays quadricycle as mode of public transport]]></title>
      <description><![CDATA[Fifteen years since Tata Motors first mooted the idea of a quadricycle with concept micro car &lsquo;Zing&rsquo; at the Delhi Auto Show, the four-wheeled vehicles are set to become a reality in the domestic automobile industry with the government today giving a go-ahead to quadricycles to ply as public transport vehicles within city limits.]]></description>
      <link>http://www.business-standard.com/india/news/govt-okays-quadricycle-as-modepublic-transport/249875/on</link>
      <pubDate>Wed, 22 May 2013 18:51:00 +0530</pubDate>
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      <title><![CDATA[Ranbaxy to lay off one-third field force globally]]></title>
      <description><![CDATA[Even as trouble thickens for drug maker Ranbaxy Laboratories, the company is now considering to downsize its sales force globally by around one-third, of which majority will be cut from the US, it is learnt from sources.]]></description>
      <link>http://www.business-standard.com/india/news/ranbaxy-to-lay-off-one-third-field-force-globally/249864/on</link>
      <pubDate>Wed, 22 May 2013 18:43:00 +0530</pubDate>
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      <title><![CDATA[Max Life posts net profit of Rs 808 crore for 2012-13]]></title>
      <description><![CDATA[Max Life Insurance reported a net profit of Rs 808 crore for the financial year 2012-13.]]></description>
      <link>http://www.business-standard.com/india/news/max-life-posts-net-profitrs-808-crore-for-2012-13/249845/on</link>
      <pubDate>Wed, 22 May 2013 18:30:00 +0530</pubDate>
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      <title><![CDATA[Voltas Hopes of recovery dashed]]></title>
      <description><![CDATA[Voltas HouseVoltas too is feeling the heat of economic and investment slowdown both in domestic and international markets.]]></description>
      <link>http://www.business-standard.com/india/news/voltas-hopesrecovery-dashed/249734/on</link>
      <pubDate>Wed, 22 May 2013 18:01:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Both 3 &amp; 4 wheelers will co-exist Rajiv Bajaj]]></title>
      <description><![CDATA[Bajaj Auto managing director Rajiv Bajaj has been fighting a year long lone battle to get permission from the government to allow quadricycle as a new category despite strong opposition from Tatas and Maruti Suzuki.]]></description>
      <link>http://www.business-standard.com/india/news/both-34-wheelers-will-co-exist-rajiv-bajaj/249735/on</link>
      <pubDate>Wed, 22 May 2013 17:54:00 +0530</pubDate>
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    <item>
      <title><![CDATA[SAIL spends Rs 44,536 cr on capex in 7 yrs]]></title>
      <description><![CDATA[Steel major SAIL has incurred capital expenditure of Rs 44,536 crore over the past seven years, out of the proposed 61,870 crore, so as to raise the annual capacity to 20.23 million tonne.]]></description>
      <link>http://www.business-standard.com/india/news/sail-spends-rs-44536-crcapex-in-7-yrs/249721/on</link>
      <pubDate>Wed, 22 May 2013 17:43:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Sebi settles case against Fortis Healthcare Holdings]]></title>
      <description><![CDATA[Sebi has settled the case against Fortis Healthcare Holdings -- a promoter group company of Fortis Healthcare Ltd -- after the entity made a payment of Rs 5.85 lakh to settle charges of alleged delay in compliance with market regulator&#39;s disclosure norms.]]></description>
      <link>http://www.business-standard.com/india/news/sebi-settles-case-against-fortis-healthcare-holdings/249729/on</link>
      <pubDate>Wed, 22 May 2013 17:43:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Analysis Larsen &amp; Toubros bonus beats logic]]></title>
      <description><![CDATA[If the Larsen &amp; Toubro management was attempting to placate its shareholders by announcing a bonus issue after failing to meet results expectation, it has surely failed to do so.]]></description>
      <link>http://www.business-standard.com/india/news/analysis-larsentoubro\s-bonus-beats-logic/249728/on</link>
      <pubDate>Wed, 22 May 2013 17:43:00 +0530</pubDate>
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      <title><![CDATA[Ranbaxy has taken steps to ensure quality control Sawhney]]></title>
      <description><![CDATA[Drug major Ranbaxy Laboratories today said it has taken several steps in recent years, including investment of $300 million across manufacturing facilities, to ensure safety and efficacy of its products in the global market.]]></description>
      <link>http://www.business-standard.com/india/news/ranbaxy-has-taken-steps-to-ensure-quality-control-sawhney/249720/on</link>
      <pubDate>Wed, 22 May 2013 17:39:00 +0530</pubDate>
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    <item>
      <title><![CDATA[IL&amp;FS PE plans to float segment-specific infra funds in FY14]]></title>
      <description><![CDATA[ILFS Investment Managers Ltd, private equity arm of IL&amp;FS group, plans to set up segment-specific infrastructure funds to make investment in roads, logistics, power and ports.]]></description>
      <link>http://www.business-standard.com/india/news/ilfs-pe-plans-to-float-segment-specific-infra-funds-in-fy14/249676/on</link>
      <pubDate>Wed, 22 May 2013 17:22:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Max Life profit up 17% at Rs 860 cr in FY13]]></title>
      <description><![CDATA[Private sector Max Life Insurance today reported 17% rise in profit before tax at Rs 860 crore for the year ended March 2013.]]></description>
      <link>http://www.business-standard.com/india/news/max-life-profit17-at-rs-860-cr-in-fy\13/249659/on</link>
      <pubDate>Wed, 22 May 2013 17:08:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Hitachi unveils cloud solutions and services for enterprises]]></title>
      <description><![CDATA[Hitachi Data Systems (HDS), part of the Japan-based electronics major Hitachi, today unveiled solutions and services, which will help enterprises to adopt cloud computing to address demands like growth of unstructured data, accessing information from anywhere.]]></description>
      <link>http://www.business-standard.com/india/news/hitachi-unveils-cloud-solutionsservices-for-enterprises/249658/on</link>
      <pubDate>Wed, 22 May 2013 17:04:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Cement makers line up for PE funding]]></title>
      <description><![CDATA[The cement companies in India, which are on expansion spree, have found a helping hand for funding their business plans- Private Equity.]]></description>
      <link>http://www.business-standard.com/india/news/cement-makers-linefor-pe-funding/249651/on</link>
      <pubDate>Wed, 22 May 2013 16:57:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Emami bags two international awards for packaging]]></title>
      <description><![CDATA[Emami Limited, an FMCG company received two international awards for packaging from WORLDSTAR 2013.]]></description>
      <link>http://www.business-standard.com/india/news/emami-bags-two-international-awards-for-packaging/249650/on</link>
      <pubDate>Wed, 22 May 2013 16:50:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Sahara pulls out of IPL to save Rs 400 crore annually]]></title>
      <description><![CDATA[Sahara will be able to save nearly Rs 400 crore annually after its decision to withdraw from the Indian Premier League (IPL)&nbsp; and also its call not to re bid for the sponsorship of the Indian cricket team whose contract ends in December end 2013.]]></description>
      <link>http://www.business-standard.com/india/news/sahara-pulls-outipl-to-save-rs-400-crore-annually/249496/on</link>
      <pubDate>Wed, 22 May 2013 16:25:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Reliance Jio to roll out 4G services in metros by March 2014]]></title>
      <description><![CDATA[Tarun Jhunjhunwala, Reliance Jio InfocommReliance Jio Infocomm, the telecom arm of Reliance Industries, plans to roll out 4G services in metro cities by the end of current financial year.]]></description>
      <link>http://www.business-standard.com/india/news/reliance-jio-to-roll-out-4g-services-in-metros-by-march-2014/249571/on</link>
      <pubDate>Wed, 22 May 2013 16:03:00 +0530</pubDate>
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    <item>
      <title><![CDATA[AI Express withdraws seat selection fee]]></title>
      <description><![CDATA[Air India Express has withdrawn the fee for pre-selection of seats barely a day after it implementing it.]]></description>
      <link>http://www.business-standard.com/india/news/ai-express-withdraws-seat-selection-fee/249565/on</link>
      <pubDate>Wed, 22 May 2013 15:59:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Zee Entertainment Jan-Mar profit rises 10.7%]]></title>
      <description><![CDATA[Essel Group company Zee Entertainment Enterprises (ZEEL) today posted 10.66% increase in consolidated net profit at Rs 180.35 crore for the quarter ended March 31, 2013.]]></description>
      <link>http://www.business-standard.com/india/news/zee-entertainment-jan-mar-profit-rises-107/249544/on</link>
      <pubDate>Wed, 22 May 2013 15:56:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Netxcell inks pact with African firm to offer services to MTN]]></title>
      <description><![CDATA[Netxcell Limited, a Hyderabad-based telecom applications and value-added services (VAS) provider, has tied up with Funmobile, a West African company that offers entertainment and information with multimedia forms of video, music and gaming.]]></description>
      <link>http://www.business-standard.com/india/news/netxcell-inks-pactafrican-firm-to-offer-services-to-mtn/249542/on</link>
      <pubDate>Wed, 22 May 2013 15:52:00 +0530</pubDate>
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    <item>
      <title><![CDATA[86% of Indian businesses want more tax guidance Thornton]]></title>
      <description><![CDATA[Around 86% of Indian businesses want more tax guidance from tax authorities on the issue of acceptable and unacceptable tax planning, even if it means paying more, says a study.]]></description>
      <link>http://www.business-standard.com/india/news/86indian-businesses-want-more-tax-guidance-thornton/249463/on</link>
      <pubDate>Wed, 22 May 2013 14:59:00 +0530</pubDate>
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    <item>
      <title><![CDATA[RBS Financial Services India launches real estate services]]></title>
      <description><![CDATA[RBS Financial Services, a part the Royal Bank of Scotland Group, today announced the launch of Real Estate Services (RES) in India.]]></description>
      <link>http://www.business-standard.com/india/news/rbs-financial-services-india-launches-real-estate-services/249456/on</link>
      <pubDate>Wed, 22 May 2013 14:58:00 +0530</pubDate>
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    <item>
      <title><![CDATA[BPCL, IOC seek gasoline after long absence]]></title>
      <description><![CDATA[&nbsp;&nbsp;Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) are looking to buy up to 41,000 tonnes of gasoline, after a long absence, to plug a supply gap caused by a plant outage and maintenance that coincides with summer demand, traders said.]]></description>
      <link>http://www.business-standard.com/india/news/bpcl-ioc-seek-gasoline-after-long-absence/249454/on</link>
      <pubDate>Wed, 22 May 2013 14:49:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Central Mumbai to give highest investor returns in commercial real estate]]></title>
      <description><![CDATA[Central Mumbai business district, including areas such as Lower Parel, Dadar, Prabhadevi, is expected offer 19% returns to investors in the next five years, which is highest among the business districts in the country, said a new study.]]></description>
      <link>http://www.business-standard.com/india/news/central-mumbai-to-give-highest-investor-returns-in-commercial-real-estate/249455/on</link>
      <pubDate>Wed, 22 May 2013 14:47:00 +0530</pubDate>
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      <title><![CDATA[J K Group to foray into flavoured milk business]]></title>
      <description><![CDATA[DoodzJ K Organisation promoted Umang Dairies is expanding its product portfolio and venturing into the flavoured milk segment to take on players such as Amul, Mother Dairy, Vadilal Industries and Kwality Dairy.]]></description>
      <link>http://www.business-standard.com/india/news/j-k-group-to-foray-into-flavoured-milk-business/249390/on</link>
      <pubDate>Wed, 22 May 2013 14:20:00 +0530</pubDate>
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      <title><![CDATA[L&amp;T profit down 7% despite strong revenue and order growth]]></title>
      <description><![CDATA[Despite a weak investment climate, Larsen &amp; Toubro exceeded its order inflow target but fourth quarter profit fell 7% due to a sharp increase in interest cost.]]></description>
      <link>http://www.business-standard.com/india/news/lt-profit-down-7-despite-strong-revenueorder-growth/249345/on</link>
      <pubDate>Wed, 22 May 2013 13:42:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Max Lifes PBT up 17% to Rs. 860 crore]]></title>
      <description><![CDATA[Max Life Insurance company posted Profit Before Tax of Rs.860 crore, up 17% over the previous financial year.]]></description>
      <link>http://www.business-standard.com/india/news/max-life\s-pbt17-to-rs-860-crore/249344/on</link>
      <pubDate>Wed, 22 May 2013 13:38:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Employer hiring up 4% for class of 2013 b-school graduates]]></title>
      <description><![CDATA[The job market for management degree holders continues to improve as more employers plan to hire MBAs than they did last year, says a&nbsp; 2013 Corporate Recruiters Survey by the Graduate Management Admission Council (GMAC), which owns the graduate management admission test.]]></description>
      <link>http://www.business-standard.com/india/news/employer-hiring4-for-class2013-b-school-graduates/249333/on</link>
      <pubDate>Wed, 22 May 2013 13:26:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[ICICI Sec, IDFC and Kotak Capital to manage EIL stake sale]]></title>
      <description><![CDATA[Government has selected three investment bankers, ICICI Securities, IDFC and Kotak Mahindra Capital, for managing 10% stake sale of Engineers India Ltd (EIL).]]></description>
      <link>http://www.business-standard.com/india/news/icici-sec-idfckotak-capital-to-manage-eil-stake-sale/249313/on</link>
      <pubDate>Wed, 22 May 2013 13:21:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/icici-sec-idfckotak-capital-to-manage-eil-stake-sale/249313/on</guid>
    </item>
    <item>
      <title><![CDATA[Competition Commission looking into Jet-Etihad deal]]></title>
      <description><![CDATA[Fair trade regulator Competition Commission is examining the over Rs 2,000-crore deal between leading carrier Jet Airways and Abu Dhabi-based Etihad Airways.]]></description>
      <link>http://www.business-standard.com/india/news/competition-commission-looking-into-jet-etihad-deal/249239/on</link>
      <pubDate>Wed, 22 May 2013 12:37:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/competition-commission-looking-into-jet-etihad-deal/249239/on</guid>
    </item>
    <item>
      <title><![CDATA[JSW Steels crude steel output drops 11% in April]]></title>
      <description><![CDATA[JSW Steel Limited has recorded 11% decline in crude steel production at 637,000 tonnes during April 2013 as against 715,000 tonnes produced in the corresponding period last year.]]></description>
      <link>http://www.business-standard.com/india/news/jsw-steel\s-crude-steel-output-drops-11-in-april/249216/on</link>
      <pubDate>Wed, 22 May 2013 12:03:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/jsw-steel\s-crude-steel-output-drops-11-in-april/249216/on</guid>
    </item>
    <item>
      <title><![CDATA[Institutions vote against Clariant slump sale]]></title>
      <description><![CDATA[Almost the entire lot of institutional votes went against a proposal by Clariant Chemicals India (CCIL) to sell off some of its key businesses to US-based SK Capital Partners for a consideration of Rs.209.15 crore.]]></description>
      <link>http://www.business-standard.com/india/news/institutions-vote-against-clariant-slump-sale/249170/on</link>
      <pubDate>Wed, 22 May 2013 11:14:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/institutions-vote-against-clariant-slump-sale/249170/on</guid>
    </item>
    <item>
      <title><![CDATA[Oracle Financial to raise up to $181 million through share sale]]></title>
      <description><![CDATA[Oracle Financial Services Software Ltd , majority owned by Oracle Corp , plans to raise as much as 10 billion rupees through a share sale to institutional investors.]]></description>
      <link>http://www.business-standard.com/india/news/oracle-financial-to-raiseto-181-million-through-share-sale/249133/on</link>
      <pubDate>Wed, 22 May 2013 10:12:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/oracle-financial-to-raiseto-181-million-through-share-sale/249133/on</guid>
    </item>
    <item>
      <title><![CDATA[HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit]]></title>
      <description><![CDATA[&nbsp;Hindustan Petroleum Corp Ltd (HPCL) aims to restart a 60,000 barrels-per-day fire-hit crude unit at its Visakhapatnam (Vizag) refinery by the end of June, a company source said.]]></description>
      <link>http://www.business-standard.com/india/news/hpcl-aims-to-restart-60000-bpd-fire-hit-vizag-crude-unit/249081/on</link>
      <pubDate>Wed, 22 May 2013 08:58:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/hpcl-aims-to-restart-60000-bpd-fire-hit-vizag-crude-unit/249081/on</guid>
    </item>
    <item>
      <title><![CDATA[JSPL, Aussie firm bag stakes in ONGC blocks]]></title>
      <description><![CDATA[In addition to UK-listed Great Eastern Energy, Brisbane, Australia-based Dart Energy and a consortium of Jindal Steel and Power and Deep Industries have won bids for four coal bed methane (CBM) gas blocks of Oil and Natural Gas Corporation (ONGC).]]></description>
      <link>http://www.business-standard.com/india/news/jspl-aussie-firm-bag-stakes-in-ongc-blocks/248776/on</link>
      <pubDate>Wed, 22 May 2013 00:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/jspl-aussie-firm-bag-stakes-in-ongc-blocks/248776/on</guid>
    </item>
    <item>
      <title><![CDATA[Everything is a regret for me Phaneesh Murthy]]></title>
      <description><![CDATA[Just a couple of hours after iGate issued a press statement announcing the termination of the employment contract of Phaneesh Murthy, president &amp; CEO, iGate, Murthy addressed queries of media persons in India through a conference call.]]></description>
      <link>http://www.business-standard.com/india/news/everything-isregret-for-me-phaneesh-murthy/248871/on</link>
      <pubDate>Tue, 21 May 2013 21:29:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/everything-isregret-for-me-phaneesh-murthy/248871/on</guid>
    </item>
    <item>
      <title><![CDATA[Colgate rising competition, high valuations to cap upsides]]></title>
      <description><![CDATA[ColgatePost reports of Procter and Gamble (P&amp;G) planning to enter the Indian toothpaste market through its Oral-B brand in June, Colgate&rsquo;s stock has fallen by 5% to Rs 1,419 as against flattish FMCG and Sensex on fears that the company may see its toothpaste market share decline.]]></description>
      <link>http://www.business-standard.com/india/news/colgate-rising-competition-high-valuations-to-cap-upsides/248836/on</link>
      <pubDate>Tue, 21 May 2013 21:12:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/colgate-rising-competition-high-valuations-to-cap-upsides/248836/on</guid>
    </item>
    <item>
      <title><![CDATA[OVL posts 44% increase in net profit]]></title>
      <description><![CDATA[ONGC Videsh Limited (OVL), the overseas arm of state-run Oil and Natural Gas Corporation posted a 44.4% increase in its net profit at Rs 3,929 crore, against Rs 2,721 crore, posted in the previous year.]]></description>
      <link>http://www.business-standard.com/india/news/ovl-posts-44-increase-in-net-profit/248835/on</link>
      <pubDate>Tue, 21 May 2013 21:08:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/ovl-posts-44-increase-in-net-profit/248835/on</guid>
    </item>
    <item>
      <title><![CDATA[Infra firm Soma Enterprises heads to CDR]]></title>
      <description><![CDATA[Hyderabad-based infrastructure company, Soma Enterprises is known to head towards a corporate debt restructuring (CDR), with a debt burden of around Rs 5,000 crore.]]></description>
      <link>http://www.business-standard.com/india/news/infra-firm-soma-enterprises-heads-to-cdr/248811/on</link>
      <pubDate>Tue, 21 May 2013 20:49:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/infra-firm-soma-enterprises-heads-to-cdr/248811/on</guid>
    </item>
    <item>
      <title><![CDATA[Drug regulator to probe Ranbaxy records, approvals in India]]></title>
      <description><![CDATA[This could perhaps be the beginning of fresh troubles for Ranbaxy Laboratories, which has just managed to settle long-pending issues with the US Department of Justice after agreeing to pay a hefty penalty of $500 million.]]></description>
      <link>http://www.business-standard.com/india/news/drug-regulator-to-probe-ranbaxy-records-approvals-in-india/248791/on</link>
      <pubDate>Tue, 21 May 2013 20:28:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/drug-regulator-to-probe-ranbaxy-records-approvals-in-india/248791/on</guid>
    </item>
    <item>
      <title><![CDATA[Prestige Estates Q4 net jumps more than two-fold to Rs 89 cr]]></title>
      <description><![CDATA[Real estate firm Prestige Estates Projects today reported more than two-fold jump in standalone net profit at Rs 89.03 crore for the fourth quarter of 2012-13.]]></description>
      <link>http://www.business-standard.com/india/news/prestige-estates-q4-net-jumps-more-than-two-fold-to-rs-89-cr/248758/on</link>
      <pubDate>Tue, 21 May 2013 20:13:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/prestige-estates-q4-net-jumps-more-than-two-fold-to-rs-89-cr/248758/on</guid>
    </item>
    <item>
      <title><![CDATA[Previous sexual harassment charges against Murthy unsubstantiated iGate]]></title>
      <description><![CDATA[Following his termination as the president and CEO of iGate, Phaneesh Murthy in a conference call with media persons on Tuesday claimed that he had informed the company about his relationship with the subordinate employee which is not a violation of the company&rsquo;s policy.]]></description>
      <link>http://www.business-standard.com/india/news/previous-sexual-harassment-charges-against-murthy-unsubstantiated-igate/248764/on</link>
      <pubDate>Tue, 21 May 2013 20:11:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/previous-sexual-harassment-charges-against-murthy-unsubstantiated-igate/248764/on</guid>
    </item>
    <item>
      <title><![CDATA[CAG questions fee relaxations for Telenor]]></title>
      <description><![CDATA[Norwegian telecom major, Telenor might find itself in fresh trouble as the Comptroller and Auditor General (CAG) is known to have questioned a decision to set off the payment of Rs 1,658.57 crore as entry fee.]]></description>
      <link>http://www.business-standard.com/india/news/cag-questions-fee-relaxations-for-telenor/248749/on</link>
      <pubDate>Tue, 21 May 2013 20:06:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/cag-questions-fee-relaxations-for-telenor/248749/on</guid>
    </item>
    <item>
      <title><![CDATA[CIL set to achieve highest production growth rate in five years]]></title>
      <description><![CDATA[State-owned Coal India Ltd (CIL), the world&rsquo;s largest coal miner, is set to achieve a five year-high output growth this financial year.]]></description>
      <link>http://www.business-standard.com/india/news/cil-set-to-achieve-highest-production-growth-rate-in-five-years/248748/on</link>
      <pubDate>Tue, 21 May 2013 20:02:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/cil-set-to-achieve-highest-production-growth-rate-in-five-years/248748/on</guid>
    </item>
    <item>
      <title><![CDATA[Somany Ceramics Q4 net up 20% at Rs 10 cr]]></title>
      <description><![CDATA[Tiles maker Somany Ceramics today reported 19.85% rise in net profit at Rs 10.14 crore for the quarter ended March 31, 2013, on the back of robust sales.]]></description>
      <link>http://www.business-standard.com/india/news/somany-ceramics-q4-net20-at-rs-10-cr/248725/on</link>
      <pubDate>Tue, 21 May 2013 19:53:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/somany-ceramics-q4-net20-at-rs-10-cr/248725/on</guid>
    </item>
    <item>
      <title><![CDATA[Its too early for 4G in India, says Vodafone CEO]]></title>
      <description><![CDATA[Marten PietersVodafone India has no plans for rolling out the fourth generation (4G) services soon.]]></description>
      <link>http://www.business-standard.com/india/news/it\s-too-early-for-4g-in-india-says-vodafone-ceo/248723/on</link>
      <pubDate>Tue, 21 May 2013 19:43:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/it\s-too-early-for-4g-in-india-says-vodafone-ceo/248723/on</guid>
    </item>
    <item>
      <title><![CDATA[JK Paper Q4 net up 89% at Rs 21 cr]]></title>
      <description><![CDATA[JK Paper Ltd today posted 88.66% increase in net profit at Rs 20.98 crore for the fourth quarter ended March 31, 2013.]]></description>
      <link>http://www.business-standard.com/india/news/jk-paper-q4-net89-at-rs-21-cr/248704/on</link>
      <pubDate>Tue, 21 May 2013 19:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/jk-paper-q4-net89-at-rs-21-cr/248704/on</guid>
    </item>
    <item>
      <title><![CDATA[Margin pressure, concerns on drug pricing policy take toll on Apollo Hospital]]></title>
      <description><![CDATA[Apollo Hospital stock has seen corrections of &nbsp;almost 9.4% from its 52 week highs of Rs 1,096.15 seen on 17 May&rsquo;13.]]></description>
      <link>http://www.business-standard.com/india/news/margin-pressure-concernsdrug-pricing-policy-take-tollapollo-hospital/248705/on</link>
      <pubDate>Tue, 21 May 2013 19:30:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/margin-pressure-concernsdrug-pricing-policy-take-tollapollo-hospital/248705/on</guid>
    </item>
    <item>
      <title><![CDATA[HeidelbergCement sells its Maha grinding unit to JSW Group]]></title>
      <description><![CDATA[HeidelbergCement India, which recently was in focus as reports suggested that it is selling a minority stake to private equity firm Bain Capital, has sold its cement griding facility in Raigad district of Maharashtra to JSW Group.]]></description>
      <link>http://www.business-standard.com/india/news/heidelbergcement-sells-its-maha-grinding-unit-to-jsw-group/248657/on</link>
      <pubDate>Tue, 21 May 2013 19:27:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/heidelbergcement-sells-its-maha-grinding-unit-to-jsw-group/248657/on</guid>
    </item>
    <item>
      <title><![CDATA[Pratt &amp; Whitney to source aircraft engine components from India for global ops]]></title>
      <description><![CDATA[In what is indicative of growing relevance of Indian technological expertise, US-based aerospace engine manufacturer Pratt &amp; Whitney is exploring opportunities to source components for its global operations from India.]]></description>
      <link>http://www.business-standard.com/india/news/prattwhitney-to-source-aircraft-engine-componentsindia-for-global-ops/248634/on</link>
      <pubDate>Tue, 21 May 2013 19:08:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/prattwhitney-to-source-aircraft-engine-componentsindia-for-global-ops/248634/on</guid>
    </item>
    <item>
      <title><![CDATA[Hopes of rate cuts, demand revival prop up Maruti, M&amp;M]]></title>
      <description><![CDATA[Led by M&amp;M and Maruti Suzuki, auto stocks have rallied over the past three months.]]></description>
      <link>http://www.business-standard.com/india/news/hopesrate-cuts-demand-revival-propmaruti-mm/248622/on</link>
      <pubDate>Tue, 21 May 2013 19:01:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/hopesrate-cuts-demand-revival-propmaruti-mm/248622/on</guid>
    </item>
    <item>
      <title><![CDATA[As telcos climb pecking order of global brands, Airtel slides Millward Brown]]></title>
      <description><![CDATA[Cellphone image via ShutterstockThe brand value of India&#39;s largest telecom operator by subscribers Airtel, slid by 13% to $10.05 billion (or Rs 54,270 crore) in the latest report on the Top 100 Global Brands by WPP Group company Millward Brown.]]></description>
      <link>http://www.business-standard.com/india/news/as-telcos-climb-pecking-orderglobal-brands-airtel-slides-millward-brown/248593/on</link>
      <pubDate>Tue, 21 May 2013 18:47:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/as-telcos-climb-pecking-orderglobal-brands-airtel-slides-millward-brown/248593/on</guid>
    </item>
    <item>
      <title><![CDATA[Tech Mahindra Q4 Net up 25% at Rs 377.24 cr]]></title>
      <description><![CDATA[Software exporter Tech Mahindra today reported a 25% increase in its consolidated net profit at Rs 377.24 crore for the quarter ended March 31, 2013.]]></description>
      <link>http://www.business-standard.com/india/news/tech-mahindra-q4-net25-at-rs-37724-cr/248527/on</link>
      <pubDate>Tue, 21 May 2013 18:29:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/tech-mahindra-q4-net25-at-rs-37724-cr/248527/on</guid>
    </item>
    <item>
      <title><![CDATA[We want to replace LIC in agency model among private players]]></title>
      <description><![CDATA[Anup Rau, Reliance Life Insurance CEOPrivate life insurer Reliance Life Insurance is looking to strengthen and build a sustainable agency force to achieve business growth.]]></description>
      <link>http://www.business-standard.com/india/news/\we-want-to-replace-lic-in-agency-model-among-private-players\/248546/on</link>
      <pubDate>Tue, 21 May 2013 18:26:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/\we-want-to-replace-lic-in-agency-model-among-private-players\/248546/on</guid>
    </item>
    <item>
      <title><![CDATA[Cement shares see profit booking as monsoon concerns rise]]></title>
      <description><![CDATA[Cement stocks came under pressure in Tuesday&#39;s trade as expectations of good monsoon fuelled profit booking on the counters.]]></description>
      <link>http://www.business-standard.com/india/news/cement-shares-see-profit-booking-as-monsoon-concerns-rise/248524/on</link>
      <pubDate>Tue, 21 May 2013 18:19:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/cement-shares-see-profit-booking-as-monsoon-concerns-rise/248524/on</guid>
    </item>
    <item>
      <title><![CDATA[Adhunik begins commercial ops of power plant unit in Jkhand]]></title>
      <description><![CDATA[Adhunik Metaliks today said it has commenced commercial operation of its 270 MW second unit of coal-based thermal power plant in Jharkhand.]]></description>
      <link>http://www.business-standard.com/india/news/adhunik-begins-commercial-opspower-plant-unit-in-j\khand/248511/on</link>
      <pubDate>Tue, 21 May 2013 18:10:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/adhunik-begins-commercial-opspower-plant-unit-in-j\khand/248511/on</guid>
    </item>
    <item>
      <title><![CDATA[GM India to hike prices by up to Rs 10,000]]></title>
      <description><![CDATA[General Motors India today said it will raise the prices of its entire range of vehicles by up to Rs 10,000 from first week of June to offset the increase in logistic costs following hike in diesel rates.]]></description>
      <link>http://www.business-standard.com/india/news/gm-india-to-hike-prices-byto-rs-10000/248512/on</link>
      <pubDate>Tue, 21 May 2013 18:10:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/gm-india-to-hike-prices-byto-rs-10000/248512/on</guid>
    </item>
    <item>
      <title><![CDATA[Omaxes 50 lakh share sale via OFS under-subscribed]]></title>
      <description><![CDATA[Realty firm Omaxe Ltd&#39;s offer to sell promoters&#39; 50 lakh equity shares, worth about Rs 74 crore, was today under-subscribed as it received bids for only 67.97% of the scrips on sale.]]></description>
      <link>http://www.business-standard.com/india/news/omaxe\s-50-lakh-share-sale-via-ofs-under-subscribed/248507/on</link>
      <pubDate>Tue, 21 May 2013 18:08:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/omaxe\s-50-lakh-share-sale-via-ofs-under-subscribed/248507/on</guid>
    </item>
    <item>
      <title><![CDATA[Shriram City Union Fin expects margin to slip to 11%]]></title>
      <description><![CDATA[Non-banking financier Shriram City Union Finance (SCUF) today said it expects its margin to fall marginally to around 11% this fiscal on cost pressure.]]></description>
      <link>http://www.business-standard.com/india/news/shriram-city-union-fin-expects-margin-to-slip-to-11/248399/on</link>
      <pubDate>Tue, 21 May 2013 17:09:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/shriram-city-union-fin-expects-margin-to-slip-to-11/248399/on</guid>
    </item>
    <item>
      <title><![CDATA[BHEL Desperate bid to preserve cash]]></title>
      <description><![CDATA[At a time when the Finance Minister has tried to allay investor concerns about the state of the economy and criticised rating agency Standard &amp; Poor&rsquo;s (S&amp;P) for not improving India&rsquo;s rating, the reality presents a completely different picture with a series of project cancellations by India Inc.]]></description>
      <link>http://www.business-standard.com/india/news/bhel-desperate-bid-to-preserve-cash/248281/on</link>
      <pubDate>Tue, 21 May 2013 16:26:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/bhel-desperate-bid-to-preserve-cash/248281/on</guid>
    </item>
    <item>
      <title><![CDATA[Delhis CP saw maximum 12% rise in retail rentals in Jan-Mar]]></title>
      <description><![CDATA[Delhi&#39;s CP saw maximum 12% rise in retail rentals in Jan-MarRetail space rentals in Delhi&#39;s high street Connaught Place have appreciated by 12% - the most among the country&#39;s top eight cities - during the January-March period over the previous quarter, according to property consultant Cushman &amp; Wakefield.]]></description>
      <link>http://www.business-standard.com/india/news/delhi\s-cp-saw-maximum-12-rise-in-retail-rentals-in-jan-mar/248268/on</link>
      <pubDate>Tue, 21 May 2013 16:16:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/delhi\s-cp-saw-maximum-12-rise-in-retail-rentals-in-jan-mar/248268/on</guid>
    </item>
    <item>
      <title><![CDATA[CCI starts probe into alleged cartelisation in petrol prices]]></title>
      <description><![CDATA[Fair trade regulator Competition Commission has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices.]]></description>
      <link>http://www.business-standard.com/india/news/cci-starts-probe-into-alleged-cartelisation-in-petrol-prices/248214/on</link>
      <pubDate>Tue, 21 May 2013 15:41:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/cci-starts-probe-into-alleged-cartelisation-in-petrol-prices/248214/on</guid>
    </item>
    <item>
      <title><![CDATA[Five PSU heads, 10 others in the fray for NMDC top job]]></title>
      <description><![CDATA[Race image via ShutterstockHeads of five state-owned firms, one additional secretary and six director-level officials are among the fifteen in the fray for the top job in iron ore producer NMDC.]]></description>
      <link>http://www.business-standard.com/india/news/five-psu-heads-10-others-infray-for-nmdc-top-job/248206/on</link>
      <pubDate>Tue, 21 May 2013 15:30:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Affordable European food processing tech coming to UP]]></title>
      <description><![CDATA[Assocham today announced to introduce European food processing technologies in Uttar Pradesh, which is amongst India&rsquo;s largest farm producers.]]></description>
      <link>http://www.business-standard.com/india/news/affordable-european-food-processing-tech-coming-to-up/248207/on</link>
      <pubDate>Tue, 21 May 2013 15:27:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Vodafone Indias FY13 adjusted operating profit at Rs 1,853 cr]]></title>
      <description><![CDATA[Vodafone India, the country&#39;s second largest mobile operator, today said its adjusted operating profits rose by more than three-fold to GBP 221 million (about Rs 1,853 crore) for the year ended March 31, 2013.]]></description>
      <link>http://www.business-standard.com/india/news/vodafone-india\s-fy13-adjusted-operating-profit-at-rs-1853-cr/248177/on</link>
      <pubDate>Tue, 21 May 2013 15:05:00 +0530</pubDate>
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    </item>
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      <title><![CDATA[Vodafone India exec says IPO unlikely this year]]></title>
      <description><![CDATA[A planned initial public offering of Vodafone Group Plc&#39;s  Indian unit is unlikely this year, the unit&#39;s Chief Executive Marten Pieters said in New Delhi on Tuesday.]]></description>
      <link>http://www.business-standard.com/india/news/vodafone-india-exec-says-ipo-unlikely-this-year/248190/on</link>
      <pubDate>Tue, 21 May 2013 15:04:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[LIC India sells 2.53% stake in Maruti Suzuki]]></title>
      <description><![CDATA[The country&#39;s largest car maker Maruti Suzuki India today said Life Insurance Corporation of India has sold 2.53% stake in the company over a period of almost six months.]]></description>
      <link>http://www.business-standard.com/india/news/lic-india-sells-253-stake-in-maruti-suzuki/248119/on</link>
      <pubDate>Tue, 21 May 2013 14:32:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Now, Air India Express charges for middle row seats]]></title>
      <description><![CDATA[Air India Express has begun charging for choice of seats including the middle row seats as well even as the civil aviation ministry wants airlines to limit number of such preferred seats.]]></description>
      <link>http://www.business-standard.com/india/news/now-air-india-express-charges-for-middle-row-seats/248128/on</link>
      <pubDate>Tue, 21 May 2013 14:32:00 +0530</pubDate>
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    <item>
      <title><![CDATA[RInfra awaits regulatory nod to start work on stalled projects]]></title>
      <description><![CDATA[Amid reports of Reliance Infrastructure exiting big projects due to delay in regulatory clearances, the company said it is awaiting nod from government agencies to commence work on some stalled projects worth Rs 20,000 crore.]]></description>
      <link>http://www.business-standard.com/india/news/rinfra-awaits-regulatory-nod-to-start-workstalled-projects/248095/on</link>
      <pubDate>Tue, 21 May 2013 14:28:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Phaneeshs sacking right decision Nasscom]]></title>
      <description><![CDATA[Nasscom Chairman Krishnakumar Natarajan today said iGate board has taken a right decision to sack its President and CEO Phaneesh Murthy over alleged sexual harassment, emphasising that a &quot;quick and decisive&quot; action in such incidents augurs well for the IT industry.]]></description>
      <link>http://www.business-standard.com/india/news/phaneesh\s-sacking-right-decision-nasscom/248079/on</link>
      <pubDate>Tue, 21 May 2013 14:16:00 +0530</pubDate>
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    <item>
      <title><![CDATA[SpiceJet restores agents commission]]></title>
      <description><![CDATA[Low cost airline SpiceJet has restored agents&#39; commission within days of withdrawing the incentive.]]></description>
      <link>http://www.business-standard.com/india/news/spicejet-restores-agents\-commission/248080/on</link>
      <pubDate>Tue, 21 May 2013 14:15:00 +0530</pubDate>
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    <item>
      <title><![CDATA[High-street rentals dip 12% in Bandra]]></title>
      <description><![CDATA[The overall rentals in select prominent main streets of Linking Road in Bandra saw a decline of 12%.]]></description>
      <link>http://www.business-standard.com/india/news/high-street-rentals-dip-12-in-bandra/248073/on</link>
      <pubDate>Tue, 21 May 2013 14:02:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[CavinKare ropes in Ravichandran Ashwin as brand ambassador]]></title>
      <description><![CDATA[CavinKare Pvt.]]></description>
      <link>http://www.business-standard.com/india/news/cavinkare-ropes-in-ravichandran-ashwin-as-brand-ambassador/248041/on</link>
      <pubDate>Tue, 21 May 2013 13:44:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Over 15,000 MW capacity plants stuck due to zero supply by RIL]]></title>
      <description><![CDATA[Over 15,000 MW gas-based capacity is stranded in the country due to non supply of natural gas from RIL&#39;s KG basin.]]></description>
      <link>http://www.business-standard.com/india/news/over-15000-mw-capacity-plants-stuck-due-to-zero-supply-by-ril/248008/on</link>
      <pubDate>Tue, 21 May 2013 13:30:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Xpress Money offers free life insurance cover to Indian expats]]></title>
      <description><![CDATA[Xpress Money in association with Union Insurance in the Gulf Co-operation Council (GCC) region, launched free insurance for Indian expats.]]></description>
      <link>http://www.business-standard.com/india/news/xpress-money-offers-free-life-insurance-cover-to-indian-expats/247987/on</link>
      <pubDate>Tue, 21 May 2013 13:26:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Other CEOs facing sexual harassment cases]]></title>
      <description><![CDATA[Phaneesh Murthy is not alone in facing a sex harassment case.]]></description>
      <link>http://www.business-standard.com/india/news/other-ceos-facing-sexual-harassment-cases/247945/on</link>
      <pubDate>Tue, 21 May 2013 12:53:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[D-Link to set up testing lab in India, open development centre]]></title>
      <description><![CDATA[Social Media via ShutterstockNetworking solution provider D-Link is planning to set up a testing lab in India to ensure better localisation, in the second half this year, said chairman A P Chen.]]></description>
      <link>http://www.business-standard.com/india/news/d-link-to-settesting-lab-in-india-open-development-centre/247914/on</link>
      <pubDate>Tue, 21 May 2013 12:25:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Gokaldas Exports reduces net loss to Rs 11 crore in Q4]]></title>
      <description><![CDATA[Gokaldas Exports Ltd (GEX) has reduced net loss to Rs 11 crore for the fourth quarter ended March 31, 2013 as against Rs 51 crore reported in the corresponding quarter last year.]]></description>
      <link>http://www.business-standard.com/india/news/gokaldas-exports-reduces-net-loss-to-rs-11-crore-in-q4/247912/on</link>
      <pubDate>Tue, 21 May 2013 12:24:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[I-T dept sends another 35,000 letters to high spenders to pay tax]]></title>
      <description><![CDATA[Income Tax image via ShutterstockBolstered by Rs 600 crore tax paid by high spenders, the Income Tax Department has sent another 35,000 letters to assesses who have not filed their returns.]]></description>
      <link>http://www.business-standard.com/india/news/i-t-dept-sends-another-35000-letters-to-high-spenders-to-pay-tax/247902/on</link>
      <pubDate>Tue, 21 May 2013 12:11:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Aramco awards Midyan gas project to L&amp;T]]></title>
      <description><![CDATA[&nbsp;State-run Saudi Aramco has awarded Larsen &amp; Toubro (L&amp;T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported.]]></description>
      <link>http://www.business-standard.com/india/news/aramco-awards-midyan-gas-project-to-lt/247842/on</link>
      <pubDate>Tue, 21 May 2013 11:04:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[iGate sacks Murthy after sexual harassment claim]]></title>
      <description><![CDATA[IT services company iGate has sacked its president and chief executive officer Phaneesh Murthy following an investigation into a claim of sexual harassment made against him.]]></description>
      <link>http://www.business-standard.com/india/news/igate-sacks-murthy-after-sexual-harassment-claim/247730/on</link>
      <pubDate>Tue, 21 May 2013 08:06:00 +0530</pubDate>
      <guid isPermaLink="true">http://www.business-standard.com/india/news/igate-sacks-murthy-after-sexual-harassment-claim/247730/on</guid>
    </item>
    <item>
      <title><![CDATA[Essar Oil to sign $1 billion debt-for-fuel deal with China]]></title>
      <description><![CDATA[&nbsp;Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina.]]></description>
      <link>http://www.business-standard.com/india/news/essar-oil-to-sign-1-billion-debt-for-fuel-dealchina/247690/on</link>
      <pubDate>Tue, 21 May 2013 02:20:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[We are still in customer acquisition mode MTS]]></title>
      <description><![CDATA[Sistema Shyam TeleServices (SSTL), which provides telecom services under the MTS brand, today said it is still in the customer acquisition mode in both voice and data segments.]]></description>
      <link>http://www.business-standard.com/india/news/westill-in-customer-acquisition-mode-mts/247476/on</link>
      <pubDate>Mon, 20 May 2013 20:56:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Infosys to appeal against tax demand]]></title>
      <description><![CDATA[Indian IT bellwether Infosys Ltd Monday said it would appeal against the notice of the income tax department demanding Rs.577 crore as outstanding dues for fiscal 2008-09.]]></description>
      <link>http://www.business-standard.com/india/news/infosys-to-appeal-against-tax-demand/247479/on</link>
      <pubDate>Mon, 20 May 2013 20:55:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Akzo Nobel India posts Rs 62.50 cr net profit in Q4]]></title>
      <description><![CDATA[Paint maker Akzo Nobel India today reported a net profit of Rs 62.50 crore for the quarter ended March 31, 2013.]]></description>
      <link>http://www.business-standard.com/india/news/akzo-nobel-india-posts-rs-6250-cr-net-profit-in-q4/247450/on</link>
      <pubDate>Mon, 20 May 2013 20:25:00 +0530</pubDate>
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    </item>
    <item>
      <title><![CDATA[Nestle to invest Rs 250 cr on expansion of Punjab milk plant]]></title>
      <description><![CDATA[Dairy major Nestle India today said it will invest Rs 250 crore on expansion and modernisation of its existing milk plant at Moga in Punjab.]]></description>
      <link>http://www.business-standard.com/india/news/nestle-to-invest-rs-250-crexpansionpunjab-milk-plant/247447/on</link>
      <pubDate>Mon, 20 May 2013 20:23:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Great Eastern Energy grabs 25% stake in ONGCs block]]></title>
      <description><![CDATA[Great Eastern Energy Corporation Ltd (GEECL), India&rsquo;s leading coal bed methane (CBM) company has grabbed 25% stake in state-run Oil and Natural Gas Corporation (ONGC) Raniganj (North) Block&nbsp; in West Bengal through a competitive bidding process.]]></description>
      <link>http://www.business-standard.com/india/news/great-eastern-energy-grabs-25-stake-in-ongc\s-block/247446/on</link>
      <pubDate>Mon, 20 May 2013 20:19:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Tata Sons to divest 1% stake in TTML by June 4]]></title>
      <description><![CDATA[Tata Teleservices (Maharashtra) Ltd (TTML) today said its promoter Tata Sons will sell one% stake, comprising 1.89 crore shares, in the company by June 4.]]></description>
      <link>http://www.business-standard.com/india/news/tata-sons-to-divest-1-stake-in-ttml-by-june-4/247415/on</link>
      <pubDate>Mon, 20 May 2013 20:04:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Divis Lab Q4 net dips 17% to Rs 181 cr]]></title>
      <description><![CDATA[Divi&#39;s Laboratories Ltd today posted 16.75% decline in its consolidated net profit at Rs 180.57 crore for the fourth quarter ended March 31, 2013, due to foreign exchange loss during the period.]]></description>
      <link>http://www.business-standard.com/india/news/divi\s-lab-q4-net-dips-17-to-rs-181-cr/247411/on</link>
      <pubDate>Mon, 20 May 2013 20:02:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Omaxe promoters to sell 50 lakh shares via OFS at Rs 148/share]]></title>
      <description><![CDATA[Realty firm Omaxe&#39;s promoters will sell 50 lakh shares through Offer For Sale (OFS) tomorrow at a floor price of Rs 148 a share to raise upto Rs 74 crore.]]></description>
      <link>http://www.business-standard.com/india/news/omaxe-promoters-to-sell-50-lakh-shares-via-ofs-at-rs-148share/247374/on</link>
      <pubDate>Mon, 20 May 2013 19:42:00 +0530</pubDate>
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    <item>
      <title><![CDATA[Coal India Q4 net profit up 90% on dividend income]]></title>
      <description><![CDATA[Riding on dividend income paid by its subsidiaries, Coal India Ltd (CIL) today reported nearly 90% jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31.]]></description>
      <link>http://www.business-standard.com/india/news/coal-india-q4-net-profit90dividend-income/247367/on</link>
      <pubDate>Mon, 20 May 2013 19:39:00 +0530</pubDate>
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