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Last updated: 23 Feb, 2017  
 Industry News

Ferro alloy producers seek protection from Malaysian imports
SME Times News Bureau | 27 Feb, 2017
Amid concerns over cheap imports of ferro alloys from Malaysia, Indian ferro alloy producers on Monday called for protective measures from the Steel Ministry.
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Alive to situation post merger of SBI associate banks: AIBEA
Venkatachary Jagannathan | 27 Feb, 2017
The merger of five associates of the State Bank of India not only has financial implications for the acquirer but it also positively and negatively impacts the staff unions, a top leader of the All India Bank Employees' Association (AIBEA) said.
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'HSBC being probed for abetting tax evasion'
SME Times News Bureau | 27 Feb, 2017
Tax authorities in India and other countries are probing HSBC Bank, including its Swiss and Dubai offices, for allegedly abetting tax evasion by four Indians and their families, the multinational lender has disclosed.
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Court strikes down serious charges against 'Freedom 251' firm MD
SME Times News Bureau | 27 Feb, 2017
A court in Ghaziabad struck down grave sections of forgery and criminal conspiracy imposed by the Ghaziabad police on Ringing Bells MD Mohit Goel, while maintaining the charges of cheating and criminal breach of trust as it extended his judicial custody by 14 days.
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Coal India subsidiary to buy back shares worth Rs 1,244 cr
SME Times News Bureau | 27 Feb, 2017
Coal India Ltd on Saturday said its wholly-owned subsidiary Northern Coalfields Ltd (NCL) has approved buyback of 76,356 fully paid equity shares for an aggregate amount not exceeding Rs 1,244 crore.
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Allow small shops to open all days: Assocham
SME Times News Bureau | 27 Feb, 2017
Industry chamber Assocham on Sunday urged the central government to ask states to enact laws to allow small and medium level shops to stay open all seven days.
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SpiceJet to launch Kolkata-Dhaka service from March 23
SME Times News Bureau | 27 Feb, 2017
Low budget airlines SpiceJet on Sunday announced that it would launch a direct service on the Kolkata-Dhaka-Kolkata sector from March 23.
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Satya Nadella condemns Indian engineer's killing in Kansas
SME Times News Bureau | 25 Feb, 2017
Microsoft CEO Satya Nadella on Saturday condemned the incident where an Indian engineer was killed and another injured by an American who mistook them for "Middle Easterners" and yelled "Get out of my country" before shooting them at a bar.
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SBI should come with VRS scheme post merger: AIBEA
SME Times News Bureau | 25 Feb, 2017
The State Bank of India should come with a voluntary retirement scheme after considering the overall staffing picture after merger of five associate banks instead of the five announcing such a scheme before the merger, said the leader of a major bank union.
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Non-life insurers' premium income grows over 37 pc in Jan
SME Times News Bureau | 25 Feb, 2017
Non-life insurance companies posted over 37 per cent increase in their gross premium income (direct premium income underwritten) to Rs 12,123.53 crore in January as compared to Rs 8,840.90 crore in the year-ago month.
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