Mathrubhumi

FM for plugging regulatory gaps in financial sector

New Delhi : Amid outcry over Ponzi schemes causing huge losses to common people, Finance Minister P Chidambaram today said there are regulatory gaps and efforts are being made to frame a new law to oversee financial sector....



'Mobile towers not illegal, don't affect health'

New Delhi : The Cellular Operators Association of India (COAI) Monday said that cell phone towers in the city were not illegal and that radiation from them doesn't affect health adversely. The COAI and Tower and Infrastructure...



Telecom players eye higher call rates for survival

New Delhi : Indian mobile telephone companies have come a long way and no longer perceive lowering prices and increasing subscribers as tools for survival. To ensure their sustenance, telecom players in India are slowly hiking...



S&P warns India of rating downgarde; retains negative outlook

New Delhi: Global agency Standard & Poor's today warned that it may downgrade India's sovereign rating to junk grade if the government fails to pursue reforms and check deterioration in fiscal and current account deficits....



Ginger price at all-time high

Kochi: The price of ginger rose to an all time high with a kg costing Rs 200. People who have purchased ginger 100 gms for a mere Rs 2, now have to shell out Rs 20. Lack of production led to increase in prices. Ginger...



India's gold demands surge 27 percent in January-March

New Delhi : Demands for gold in India surged 27 percent to 256.5 tonnes in January-March 2013 even though the global demands dropped by 13 percent, the World Gold Council said Thursday. Addressing the media, World Gold...



Manappuram finance incurs loss of Rs 141 crore

Kochi: Manappuram Finance reported a loss of Rs 141 crore in the last financial year which closed on March 31. Last year it recorded a profit of Rs 186.23 crore. The profit of the company in 2012-13 was Rs 208.43 crore...



Direct cash transfer of LPG subsidy from June

New Delhi : In a move to plug distribution leakages the government will start direct transfer of cash subsidy on cooking gas (LPG) in 20 districts from June 1. Launching the scheme here Wednesday Petroleum Minister M....



Ayurveda becoming popular for eye diseases too

Koothattukulam : The world's first ayurvedic ophthalmic hospital here says that more and more people are turning to the ancient Indian system of medicine to resolve eye problems. Doctors at the Sreedhareeyam Ayurvedic Eye...



Hyundai to launch four new models in 2 years

Chennai:Hyundai Motor India is planning to launch up to four new models in the next two years, including a compact SUV, to enhance its position in the market. The company, which is slated to introduce a new compact car later...



Ukraine is world's worst copyright offender: US report

Moscow: Ukraine has been designated the world's top violator of intellectual property rights in a new report by US Trade Representative (USTR). India and Pakistan are also in the list. Ukraine was labelled a 'priority...



Marissa Mayer paid $36.6 million for six months work at Yahoo

Yahoo chief Marissa Mayer hauled in $36.6 million in pay, bonuses and stock last year after just six months at the helm of the Internet firm, with some of that time spent on maternity leave. Mayer's base pay of $454,862...



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