Karuturi Global, the Bangalore-based publicly-held cereals, vegetables and flower exporter, has said it has applied to ROC-Bangalore (registrar of companies) seeking permission to extend the date of the AGM to a maximum period of three months from early September 2014. This move to delay complying with the listing regulations comes after the company’s subsidiary in Kenya has been in legal tangles with its banker in recent times.

The L&T management on Wednesday reiterated its commitment to complete the Rs 16,000-crore Hyderabad Metro Rail project “expeditiously as per schedule” after local newspapers published reports stating the concessionaire had informed the government its intent to exit from the public-private partnership project owing to several issues, including the change in status of Hyderabad post bifurcation.

With the Indian IT services and business process management (BPM) industry key to maintain its cost advantage has started to explore tier II and III cities for expansion. Ahmedabad, Jaipur, Kochi & Kolkata have emerges as front runners next only to Tier I cities or ‘Leader’ locations which continue to be the preferred choices for IT-BPM industry.

Mayank Pareek, the chief operating officer (marketing and sales) of Maruti Suzuki India (MSIL), has put in papers after nearly 20 years of service to pursue 'better opportunities', say sources familiar with the development.

Industry sources said he was likely to join Tata Motors, which had been seeking a revival in fortunes in the passenger cars segment.

Nasscom, often criticised for paying more attention to the information technology (IT) services segment, has now set up a council focused on the internet and e-commerce segment. Headed by Info Edge founder Sanjeev Bikhchandani, the council has six members.

Info Edge owns several successful internet companies such as job portal naukri.com and online real estate classifieds website 99acres.com.

The Competition Commission of India (CCI) has rejected various petitions pertaining to bancassurance, as well as the automobile, real estate and electricity sectors.

In an order, CCI rejected a petition that the Insurance Regulatory Development Authority (Irda)’s manner of granting corporate agency licences to banks for selling insurance products was anti-competitive.

In a bid to grab the opportunity created by diesel reaching market-parity price, Reliance Industries (RIL) has set the ball rolling on reopening its fuel retail outlets, after a gap of six years, and the company is in discussions with its dealers for a higher commission.

A detailed plan, covering issues ranging from dealer commission to the price at which auto fuel would be sold, is expected to be presented to the dealers in 20-25 days.

Habitual use of Facebook makes individuals susceptible to social media phishing attacks by criminals, an Indian-origin researcher has found.

This is likely because users automatically respond to requests without considering how they are connected with those sending the requests, how long they have known them, or who else is connected with them, researchers said.

City-based start up Metis Learning has partnered with chip maker Intel to launch an educational tablet 'Eddy', aimed at children in the age group of 2-10 years. The tablet, priced at Rs 9,999 will be available exclusively on eCommerce firm Amazon's India website for about a month, after which it will be available across leading electronics and toy stores.

Mumbai: State-run Air India Ltd, which has a debt of Rs.40,000 crore, has struck a deal with German lender Deutsche Bank AG and the UK’s Investec Bank for selling and leasing back five Boeing B787 Dreamliner planes in a $600 million deal.

According to two Air India executives, who asked not to be identified, Deutsche Bank will buy four planes while Investec will buy one.

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