Friday, October 31, 2014
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Centre gives list of 627 account holders to SC
NEW DELHI, Oct 29 (Agencies): Complying with its directions, the Centre today gave to the Supreme Court a list of 627 Indians who have accounts in HSBC bank, Geneva, in which tax probe for suspected blackmoney has to be completed by March next year. The documents containing correspondence with French authorities, names of the account holders and the status report of the probe conducted so far in black money cases were submitted in separate sealed covers by the Attorney General which the apex court did not open. Instead, the Court said the envelopes would be opened by Chairman M B Shah and Vice Chairman Arijit Pasayat, both former judges of the Supreme Court, who are part of the court-appointed Special Investigation Team, and decide on future course of action. The Centre submitted that ...
Kashmir Times News Report
HDFC Bank results for the Quarter and Half Year ended
KT NEWS SERVICE
JAMMU, Oct 26: The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended September 30, 2014 and the audited results for the half-year ended September 30, 2014, at its meeting held in Mumbai on Tuesday, October 21, 2014. Profit & Loss Account: Quarter ended September 30, 2014: The Bank’s total income for the quarter ended September 30, 2014 was ` 13,894.7 crore, as against ` 11,937.7 crore for the quarter ended September 30, 2013. Net revenues (net interest income plus other income) were at ` 7,558.1 crore, an increase of 19.6% for the quarter ended September 30, 2014 over ` 6,320.9 crore for the corresponding quarter of the previous year. Interest earned increased from ` 10,093.3 crore in the quarter ended September 30, 2013 to ` 11,847.6...
Kashmir Times News Report
EMD Inaugurates new world class facility
KT NEWS SERVICE
JAMMU, Oct 26: Electro-Motive Diesel, Inc. (EMD), one of the leading global locomotive manufacturers, is expanding its base in India with a new world class facility at Noida to better serve Indian Railways (IR) and other global customers. Today, EMD, a fully owned subsidiary of Progress Rail Services, a Caterpillar Company, offers complete railroad solutions to railways across the world, including locomotives, track, repower, signaling and safety technologies. Billy Ainsworth, Progress Rail and EMD president and chief executive officer said,“EMD is committed to investing in India to support Indian Railways in future technology. In order to provide effective support to IR, we have increased our indigenization in India by inaugurating our new facility in Noida today.” The Noida facility i...
Kashmir Times News Report
Big oil discovery made near Ahmedabad
NEW DELHI, Oct 26 (Agencies): A significant oil discovery has been made near Ahmedabad in the Cambay basin that by some estimates may be the biggest onland find this year. Jay Polychem (India) Ltd, a unit of city-based Jay Madhok Group, made the oil discovery in the very first well it drilled on the block CB-ONN-2009/8 in Gujarat's Cambay basin. The firm has since July last year drilled two wells and discovered huge oil pay zones in both the wells, sources said. The discovery in the well Kharenti-A has been notified to the upstream regulator DGH and the government. Sources said the discovery by Jay Polychem is huge and similar to oil being produced by ONGC in the neighbouring Padra field as also by GSPC in Ingoli field. The block is operated by Jay Polychem (India) Ltd with 87 per ce...
Kashmir Times News Report
 
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