Business Standard | Front Page Headlines
The latest news from India's most respected business daily.



IPL council decides fees, formats for next three seasons (Sep 5)
The governing council of the Indian Premier League cricket tournament today increased the purse size of franchises for auction of players and decided on the number of players that could be retained by teams in the coming seasons.


The Nano goes upmarket (Sep 5)
Leena Jacob, an IT professional based in Technopark, Thiruvananthapuram, is delighted with her Tata Nano. The small car, she says, proves very useful and convenient for city driving. The other two cars in the family garage: a Honda City and a Maruti Swift.


RBI: Exclude banks from class action (Sep 5)
Banks could be excluded from class-action suits, which have been proposed under the new Companies Bill, 2009. The move will help to ensure that the interests of depositors remain paramount. Class action is a new clause that would allow members, shareholders or creditors of a company to file complaints against the organisation in case of serious instances of mismanagement.


Package for Naxal affected areas in 2 weeks (Sep 4)
The integrated action plan for the Naxal-affected areas is likely to be finalised in the next two weeks.


Alok Industries spins Victoria's Secret in Burkina Faso (Sep 4)
Spinning unit to kickstart industrialisation in the country.


Obama to unveil new measures next week (Sep 4)
Terms creation of thousands of private jobs as positive news.


Pak envoy sees Pawar's hand in ICC suspension (Sep 3)
Pakistans High Commissioner to the UK, Wajid Hasan, today criticised International Cricket Council (ICC) Chief Executive Haroon Lorgat and President Sharad Pawar, saying he sensed a conspiracy behind the suspension of three Pakistani cricket players facing allegations of spot-fixing.


Govt clears $5-bn airplane purchases (Sep 3)
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.


Munjals turn to PE for stake buy (Sep 3)
Hero Honda, India's largest two-wheeler maker, could see a change in ownership as the Delhi-based Munjal family seeks to buy the stake held by partner Honda Motor Company of Japan in the joint venture. The Indian promoters are reportedly talking to private equity (PE) players to raise the money needed to buy the 26 per cent stake held by Honda Motor. The purchase could be made in tranches of 6.5 per cent each.


Mittal's son joins Bharti (Sep 2)
After a swarm of daughters moved into companies controlled by their fathers think Godrej, Nadar, Reddy, Biyani, Chauhan, Piramal, TVS, et al the male heirs are stepping forward to claim their inheritance.