Anonymous sources
Livemint
Sony said to prepare taking entertainment spinoff plan to board - Livemint
Tokyo: Sony Corp.'s board will evaluate a proposal by Daniel Loeb's Third Point Llc to spin off part of its entertainment business, according to a person familiar with the matter. Loeb's proposal will be brought to the board for a decision that could ...
Saradha fallout: Bengal firms eye cooperative society status - Livemint
However, according to an agent of Universal, who declined to be named, the cooperative has already started raising money through its different schemes since 3 May. According to Roy, Universal has three types of schemes. The first is a monthly income ...
Is the worst over for Tata Steel's overseas units? - Livemint
He declined to be named. More debt. Tata Steel needs to redeem a total of $5.5 billion in bonds and loans by November 2016, according to data compiled by Bloomberg. Most of the group's net debt of $10.5 billion was taken to fund the Corus acquisition.
States favour compensatory VAT, industry may resist - Livemint
Because of this they may prefer the CVAT model,” said a finance ministry official who did not wish to be identified. “Under this, every state will become an independent body and will not have to be dependent on another state.” Though the government has ...
India, China seek to stabilize ties during Li Keqiang visit - Livemint
But a pact on border defence management the Chinese have proposed is unlikely, said a person close to the developments, also declining to be named. India is keen to see the settlement of the border problem and the correction of a trade imbalance that ...
TCS plans to create billion-dollar business from Tata group firms - Livemint
He requested anonymity. When contacted, a TCS spokesperson said the company approaches customers both outside and from within the group. “In any opportunity with the Tata group, our teams would have the same approach in the case of a Tata group ...
Skoda to stop making Fabia in India - Livemint
Skoda sold 3,343 units of the model in the year ended 31 March, according to automotive industry executives, who declined to be named. According to another person familiar with the development, the move is intended to make room for Volkswagen' Polo.
Govt for new law to address disputes in public contracts - Livemint
A government official in the infrastructure division of the Planning Commission, India's apex planning agency, said it will be working on the draft Bill, without elaborating. the official declined to be named. “There is already an Arbitration Act 1996 ...
Via.com co-founders to launch new travel start-up - Livemint
The company may also strike an alliance with other online travel agencies said four people familiar with the matter who did not wish to be identified. In 2011, the Bangalore-based company, formerly known as Flight Raja Travels Pvt. Ltd, had plans to ...
Govt forms GoM to insulate CBI from external influence - Livemint
They (government) could have used Rajya Sabha's select committee report on Lokpal (the anti-corruption ombudsman), which deals with providing autonomy to CBI,” said a senior BJP leader who asked not to be identified. The select committee, which had ...
West Bengal agrees to three-phase rural polls - Livemint
Polling is expected to start in early July, according to state election commission officials, who asked not to be named. Though the poll panel is unlikely to challenge the division bench's directives, its lawyer Samaraditya Pal said he wasn't “happy ...
Ex-BlackRock manager said to be arrested in UK probe - Livemint
Lyttleton was detained along with an unidentified woman in west London, said one of the people, both of whom declined to be identified because the matter isn't public. An FCA spokesman declined to comment on the investigation. Lyttleton couldn't be ...
Bank of America shifts some projects back to US from India - Livemint
... might hurt future revenue growth prospects for Indian companies. “Companies like GM, Procter and Gamble, Bank of America, AmEx—they're not moving everything, they're starting to move more of it though,” said the first person, who requested anonymity.
Sterlite case: A renewed debate between industry and environment - Livemint
While people want development and growth, they don't want industries to be situated near their houses,” said the official, who requested anonymity. Ranged on one side are the local community and environmental activists, and on the other side are ...
BJP demands PM's resignation, to launch nationwide agitation - Livemint
There could soon be a cabinet reshuffle and the Congress party as well as the UPA will be in “election mode totally”, a congress leader said but declined to be named. “The Congress-led UPA has completely lost its chance to take a high moral ground by ...
Aviation ministry to colour code zones for faster clearances to realty projects - Livemint
“While the civil aviation ministry has started the procedure, we are still to hold a meeting with the environment ministry in this regard,” said the official, who requested anonymity. Chintan Patel, director, real estate and hospitality practice, at ...
ICore E-Services on the verge of collapse - Livemint
These people refused to be identified. iCore, which runs a shopping mall in south Kolkata's Bhawanipore neighbourhood and several other businesses, used to receive money from depositors as advance from customers. It owed them at least Rs.305 crore at ...
Maruti to replace low volume models in a year - Livemint
The first, codenamed YL7, is to be launched during the 2014 Delhi Auto Expo, India's biggest car show, according to two people familiar with the matter who asked not to be identified before the company announces the launches officially. This car ...
Fuel sales losses likely to come down to Rs.84475 cr in FY14 - Livemint
New Delhi: The fall in international oil prices is likely to cut losses on diesel and cooking fuel by almost half to Rs.84,475 crore this fiscal, a government official said on Monday. Indian Oil Corp. (IOC), Hindustan Petroleum Corp. (HPCL) and Bharat ...
RBI move may deal a blow to gold jewellery business - Livemint
He declined to be named. A few state-run banks, including State Bank of India, offer gold deposit schemes, under which customers pledge ornaments and receive money in return with interest amount. Banks melt such ornaments and make coins, which are ...
Airlines should give refunds on services not delivered: DGCA - Livemint
An aviation ministry official who declined to be named said basic airfares will come down as a result of the unbundling because airlines will be able to earn more ancillary revenue. “Right now everyone who does not use these ancillary services also ...
5.8-magnitude earthquake rattles buildings in North India - Livemint
“The quake measured 5.8 on the Richter scale and struck along the border of the states of Jammu and Kashmir and Himachal Pradesh,” the official, who declined to give his name, told AFP. There were no immediate reports of any damage or casualties.
Broadcasters threaten to take commercials off the air - Livemint
The executive requested anonymity owing to the sensitivity of the matter. IBF last week sent out an advisory to members to send bills on a “net” basis to the agencies even as talks continue with the Advertising Agencies Association of India (AAAI ...
MTNL dials Deloitte Touche in efforts to revive its fortunes - Livemint
The official declined to be named. Deloitte will have until July to submit the report, which will be taken up by an internal committee comprising DoT officials and MTNL executives, a telecom department official said, requesting anonymity. Deloitte ...
Medanta exploring options to offer an exit to Avenue Capital - Livemint
The other two people cited above also declined to be identified. A spokesperson for Avenue Capital Group declined to comment on the development. Avenue Capital Group, which was founded in 1995, had assets worth $11.5 billion under management as of ...