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Royal Enfield to shift to BS-III norm-compliant platform
Bike maker Royal Enfield, a part of Eicher Motors, today said it will shift entire production to a new engine platform from April this year to make products compliant to stricter emission norms "Bharat Stage III".

Banking: RBI to the rescue
The RBI clarification, issued on December 1, 2009, has allowed banks to include technical or prudential write-offs for calculating provision coverage for non-performing assets (NPAs) - mandated to be at a minimum of 70% by September 10. This has triggered a relief rally in bank stocks with reasonably higher NPAs or low provisioning which were underperforming the BSE Bankex (see Prodigal returns).

News of the day

DoT allots RCom new series for Maha, Goa circle
On account of exhausting mobile phone numbers starting with the digit 9, the Department of Telecom (DoT) has allotted Reliance Communications (RCom) a new series beginning with the digit 8(055) for its Maharashtra and Goa circle (M&G).
International Business

Civil Aviation Min sets up panel to probe chopper crash

The Civil Aviation Ministry tonight set up a four-member committee to probe the cause of Andhra Chief Minister Y S Rajasekhara Reddy"s helicopter crash in which he was killed. - India Inc remembers YSR Reddy as visionary - K Rosaiah sworn in as Andhra CM - Union Cabinet condoles Reddy"s demise - Reddy was an outstanding leader, role model: PM - Reddy chopper had deviated from route, hit a cliff">Reddy chopper had deviated from route, hit a cliff - Reddy"s death tremendous loss for party: Congress The committee has been asked to complete its inquiry and submit its report to the government within two months. R K Tyagi, Chairman and Managing Director of Pawan Hans Helicopters will head the committee, the Civil Aviation Ministry said in a statement. The committee will also take the assistance of other experts from Indian Air Force wherever required, it said. The Bell 430 helicopter belonging to Andhra Pradesh government, carrying Reddy and four others, crashed into a hillock and exploded yesterday while flying from Hyderabad to Chitoor. Reddy and all others were killed in the mishap.


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