business
News
Economists call for deep reforms of global financial systemWorld output will reach a meagre one per cent in 2009
Source : hindu.com | 03-Dec-2008 01:18
Tata Steel group profit shoots up
MUMBAI: Stringent cost cutting measures, good steel prices and a pursuit of operational efficiency have seen the Tata Steel group (including Tata Steel U.K.) report an improvement in its performance for the second quarter of the current ...
Source : hindu.com | 03-Dec-2008 01:03
Taj Hotel insured for over Rs. 1,000 crore
Source : hindu.com | 03-Dec-2008 00:48
Sensex recovers most of early losses
MUMBAI: The Bombay Stock Exchange benchmark Sensex on Tuesday recovered most of its early losses but still closed the day lower by over 100 points amid a plunge in global markets following an U.S. panel officially acknowledging that the ...
Source : hindu.com | 03-Dec-2008 00:33
Nokia unveils mobile computer-phone
Promises Internet browsing from cheapest phones soon
Source : hindu.com | 03-Dec-2008 00:18
Hindustan Motors launches mini-truck
The vehicle is developed jointly with Shandong Shifeng of China
Source : hindu.com | 03-Dec-2008 00:03
Earthstone signs pact with Niger Republic
MUMBAI: The Earthstone group, a diversified multinational group headed by non-resident Indian (NRI) Pankaj Shah, has, through its wholly-owned subsidiary Earthstone Uranium FZE, entered into an agreement with the Government of the Republic of ...
Source : hindu.com | 02-Dec-2008 23:48
Francorp to make foray into India
NEW DELHI: The U.S.-based global franchise consultant major Francorp International is foraying into the estimated $3.3-billion Indian franchise market and is aiming to bring in 100-odd companies into the country by the end of 2009, through the ...
Source : hindu.com | 02-Dec-2008 23:33
British Airways in talks with Qantas
LONDON: British Airways plc says it is in talks with Australian airline Qantas Airways about a potential merger. In a statement released on Tuesday in response to speculation, BA says that it is exploring a potential merger ?via a ...
Source : hindu.com | 02-Dec-2008 23:18
Corus to cut work hours of 4,600 staff
AMSTERDAM: Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers. Under the terms of the government support, if approved, Corus workers in the Netherlands would be paid 70 ...
Source : hindu.com | 02-Dec-2008 23:03
Exchange Rates
Source : hindu.com | 02-Dec-2008 22:48
Bullion Rates
Source : hindu.com | 02-Dec-2008 22:33
IDFC MF launches tax advantage fund
MUMBAI: IDFC Mutual Fund on Tuesday launched its open-ended equity linked savings scheme IDFC Tax Advantage Fund that will invest in equity and equity related instruments. The new fund offer which opened on December 1 will close on December ...
Source : hindu.com | 02-Dec-2008 22:18
Meridian Mobile records Rs. 225 cr. revenue
NEW DELHI: The U.K.-based Meridian Mobile which sells its handsets under the brand name Fly in India has registered an sharp rise in its revenues, touching Rs. 225 crore in April-September 2008 against Rs. 47 crore in the same period in the ...
Source : hindu.com | 02-Dec-2008 22:03
TMB hikes term deposit rates
THOOTHUKUDI: Tamilnad Mercantile Bank has increased its domestic term deposit rates for three years by 50 basis points from December 1. The new rates are: 11.50 per cent (11 %) for public and 11.75 per cent for senior citizens, says a bank ...
Source : hindu.com | 02-Dec-2008 21:48
Indian delegation visits British Midlands
LONDON: A delegation of nine companies including Infosys, Godrej Infotech and L&T Infotech recently visited the British Midlands region in the U.K. to enhance business links between India and the U.K. and to explore potential investment in ...
Source : hindu.com | 02-Dec-2008 21:33
L&T arm bags Rs. 1,450-crore orders
MUMBAI: L&T?s newly formed Buildings & Factories Operating Company, part of its construction division, has bagged orders aggregating around Rs. 1,450 crore in the third quarter of 2008-09 for the construction of IT and office ...
Source : hindu.com | 02-Dec-2008 21:18
JUSCO gets Mysore water supply project
KOLKATA: Jamshedpur Utilities and Services Company, (JUSCO) a wholly-owned subsidiary of Tata Steel, has bagged a Rs. 152-crore six-year performance-based water management contract for Mysore city. In what is being billed as one of the ...
Source : hindu.com | 02-Dec-2008 21:03
New independent directors on ONGC board
NEW DELHI: Four more independent directors have been inducted in to the board of Oil and Natural Gas Corporation (ONGC). They are: Chanda Kochhar, S. S. Rajsekar, S. Balachandran and Santosh Nautiyal. With the induction of these directors, ...
Source : hindu.com | 02-Dec-2008 20:48
Market ends in red; Sensex down 101 points
Benchmarks staged sharp recovery in the afternoon but still ended in the red after traders covered short positions in realty, power and banking space.
Source : timesofindia.indiatimes.com | 02-Dec-2008 13:22
SBI to hire 4,280 employees for associate banks
State Bank of India has said it is looking to hire more than 4,200 employees for its associate banks.
Source : timesofindia.indiatimes.com | 02-Dec-2008 13:07
India wants oil prices stable at current levels
India wants global crude oil prices to stabilise at current levels and said volatility in prices was bad for both consumers and producers.
Source : timesofindia.indiatimes.com | 02-Dec-2008 12:52
Rupee falls by 25 paise to hit fresh low of 50.53
The rupee fell by 25 paise against the US dollar to a fresh low of 50.53/54 in opening trade on increased demand amid melting stock markets.
Source : timesofindia.indiatimes.com | 02-Dec-2008 07:08
Stocks tumble on global recessionary woes
Stocks opened sharply lower on Tuesday after the world?s largest economy was officially declared to be in recession.
Source : timesofindia.indiatimes.com | 02-Dec-2008 06:53
Oil cos in profit, time for fuel price cut?
The case for a fuel price cut to give relief to a populace beleagured by high cost of living has become stronger with state-owned oil marketing companies' profit on petrol rising to Rs 15 a litre and over Rs 3 on diesel.
Source : timesofindia.indiatimes.com | 02-Dec-2008 01:20
Exports dip by 12% to $12.8 billion in October
However, shipments register over 23% rise in April-October
Source : hindu.com | 02-Dec-2008 01:10
When mobiles became beacons of hope
Mobile phones are in the hands of millions of people around the world. And increasingly, it appears, in the hands of terrorists.
Source : timesofindia.indiatimes.com | 02-Dec-2008 01:05
Blackstone, CMS to form new unit
To carve out two divisions of CMS Computers
Source : hindu.com | 02-Dec-2008 00:55
?Economy to grow at 7.5%?
PM Manmohan Singh on Monday said despite economic recession and the difficult situation in western countries, India's growth rate would be maintained at around 7.5% in 2008-09.
Source : timesofindia.indiatimes.com | 02-Dec-2008 00:50
Corporates hail Chidambaram?s appointment as Home Minister
NEW DELHI: Corporates on Monday hailed the appointment of P. Chidambaram as Home Minister, especially when Prime Minister Manmohan Singh has himself taken charge of the Finance portfolio. Corporates noted that while bold policy responses ...
Source : hindu.com | 02-Dec-2008 00:40
Blackstone to buy stake in CMS unit
Private equity major Blackstone group is buying a majority stake in IT infrastructure management and outsourcing unit of CMS Computers Ltd...
Source : timesofindia.indiatimes.com | 02-Dec-2008 00:35
Essar in tie-up with Kobe Steel
MUMBAI: Kobe Steel, one of Japan?s leading steelmakers and producers of aluminium and copper products, and Essar Steel, have signed an agreement through which Essar will gain operational technology to manufacture higher quality steel ...
Source : hindu.com | 02-Dec-2008 00:25
Cheaper flying: Air India to reduce fuel surcharge
In a move that may force private full service carriers to pass on benefits to customers of a hugely cheaper jet fuel by dropping fares,...
Source : timesofindia.indiatimes.com | 02-Dec-2008 00:20
Sensex sheds 253 points
MUMBAI: The 30-share Bombay Stock Exchange sensitive index (Sensex) closed down 2.78 per cent on Monday, led by fears about U.S. market performance amid widening world recession, dealers said. The Sensex fell 252.85 points to ...
Source : hindu.com | 02-Dec-2008 00:10
Is terror listed in your accident cover?
Hello, does my personal accident policy cover injuries sustained in terrorist attacks? This was one question from clients that...
Source : timesofindia.indiatimes.com | 02-Dec-2008 00:05
Bicycle with a difference
Source : hindu.com | 01-Dec-2008 23:55
Finance woes: Automobile sales take heavy beating
Reluctance of banks to give auto loans coupled with record-high interest rates crippled car sales in November with market leader...
Source : timesofindia.indiatimes.com | 01-Dec-2008 23:50
SBI adjudged best bank
MUMBAI: State Bank of India has been adjudged the Best Bank of the Year 2008 by London-based ?The Banker? magazine of the Financial Times group, the bank said. Bank Chairman O. P. Bhatt received the award. The ...
Source : hindu.com | 01-Dec-2008 23:40
Agents boycott sale of Jet airways tickets
In a bid to put pressure on airlines to resume giving commission to agents, the latter have decided to boycott sales of Jet Airways'...
Source : timesofindia.indiatimes.com | 01-Dec-2008 23:35
Tata Motors to invite public deposits
NEW DELHI: Struggling to finance its $2.3 billion purchase of Jaguar and Land Rover, Tata Motors is looking to borrow from the public, offering up to 11 per cent annual interest for a period of up to three years. The company, which met ...
Source : hindu.com | 01-Dec-2008 23:25
Exports dip 12% on US, Europe recession
It's official now. Exports in October this year were 12% lower than in the same month of 2007, an indicator of how badly the recession in the US and Europe is hitting India.
Source : timesofindia.indiatimes.com | 01-Dec-2008 23:20
Johnson & Johnson to buy Mentor for $1.07 b
NEW JERSEY: Healthcare products company Johnson & Johnson said on Monday that it would buy cosmetic-product and breast-implant maker Mentor Corp. for $1.07 billion in a move to boost its presence in cosmetic and reconstructive medicine. ...
Source : hindu.com | 01-Dec-2008 23:10
Hurry, register for ET Citi Grand Masters
It's just been 20 days since the launch of the second round of the ET Citi Grand Masters and registrations have been pouring in from top...
Source : timesofindia.indiatimes.com | 01-Dec-2008 23:05
AIG to sell division to Abu Dhabi firm
NORTH CAROLINA: American International Group on Monday said it had agreed to sell its wealth management arm AIG Private Bank to Aabar Investments PJSC of Abu Dhabi. The terms of the deal were not disclosed. Under its new ownership, AIG Private ...
Source : hindu.com | 01-Dec-2008 22:55
Oil demand drops on slow industrial activity
NEW DELHI: Even as oil marketing companies (OMCs) have started making huge profits on the sale of petrol and diesel due to continued decline in international crude oil prices, there was a cause for concern with domestic oil product sales ...
Source : hindu.com | 01-Dec-2008 22:40
Shaw Wallace recommends dividend
KOLKATA: The board of Shaw Wallace & Company has recommended a dividend of Re. 1 per share for the year ended March 31, 2008. The board took this decision on November 29. The company closed 2007-08 with a total income of Rs. 215 crore and ...
Source : hindu.com | 01-Dec-2008 21:55