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PSUs spent over Rs 2400 crore in CSR in 2014-15

PSUs spent over Rs 2400 crore in CSR in 2014-15

  116 central public sector enterprises have spent an amount of Rs 2447.59 crore on Corporate Social Responsibility (CSR) activities in 2014-15 and no complaint has been received on misuse of these funds, government said today. Heavy Industries and Public Enterprises Minister Anant Geete said this in Rajya Sabha during the question hour after several [...]

March 10, 2016 Saheli Business Comments Off on PSUs spent over Rs 2400 crore in CSR in 2014-15

ECB cuts rates, expands asset-buying programme to boost economy

ECB cuts rates, expands asset-buying programme to boost economy

FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched. In moves that initially pushed the euro 1 per cent down against the dollar before recovering, the ECB cut [...]

March 10, 2016 Saheli Business Comments Off on ECB cuts rates, expands asset-buying programme to boost economy

Michael Horn, VW’s US president, resigns ‘effective immediately’

Michael Horn, VW’s US president, resigns ‘effective immediately’

The head of Volkswagen in the US resigned “effective immediately” on Wednesday night as the company struggles to agree on a settlement with the US government over its emissions cheating scandal. Michael Horn, who had served as VW’s US president and chief executive since 2014, was not quoted in the company’s three-paragraph statement announcing his [...]

March 10, 2016 Saheli Business Comments Off on Michael Horn, VW’s US president, resigns ‘effective immediately’

Domestic car sales tumble 4.21 pc in February

Domestic car sales tumble 4.21 pc in February

Domestic passenger car sales declined 4.21 per cent to 1,64,469 units in February, from 1,71,703 units in the same month last year. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier, according to the data released by the Society of Indian Automobile Manufacturers (SIAM). Total two-wheeler sales in [...]

March 10, 2016 Saheli Business Comments Off on Domestic car sales tumble 4.21 pc in February

No 10 concedes Sunday trading defeat after Commons rebellion

No 10 concedes Sunday trading defeat after Commons rebellion

No 10 has conceded that its plans to relax Sunday trading laws are dead in the water, after David Cameron suffered his biggest Commons defeat since the election at the hands of his own Conservative MPs. The government’s attempt to let larger shops trade for longer than six hours each Sunday was voted down after [...]

March 10, 2016 Saheli Business Comments Off on No 10 concedes Sunday trading defeat after Commons rebellion

Sensex falls 150 points, Nifty below 7,450 ahead of ECB rate decision; Infosys top loser

Sensex falls 150 points, Nifty below 7,450 ahead of ECB rate decision; Infosys top loser

Snapping the six-session long gaining spree, the S&P BSE Sensex was trading over 150 points lower, while broader CNX Nifty was ruling below its key 7,450-mark. The headline indices traded flat even as Asian stocks edged up after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European [...]

March 10, 2016 Saheli Business Comments Off on Sensex falls 150 points, Nifty below 7,450 ahead of ECB rate decision; Infosys top loser