Business News

Air India flight from Dubai makes emergency landing

Air India's Dubai-Pune flight made an emergency landing at the Chhatrapati Shivaji International Airport (CSIA) here Tuesday afternoon following hydraulic failure.

Madhya Pradesh to set up industrial corridor panel

Madhya Pradesh Chief Secretary Rakesh Sahni will head the empowered committee to be set up by the state government to oversee the development of Rs.400 billion ($10 billion) industrial corridor, officials here said.8:31 PM on May 13

Regulator says powers limited to curb unsolicited calls

The Delhi High Court Tuesday was shocked to hear that even the telecom regulator does not have the powers to regulate direct marketing agents and others in curbing unsolicited calls.8:31 PM on May 13

Tata Indicom launches walky talky in Kolkata

Telecom service provider Tata Indicom Tuesday launched its walky talky service in Kolkata.8:31 PM on May 13

Government to open 30 mega food parks

The government is setting up 30 mega food parks, complete with cold chains, to enable integration of the agriculture sector from farm gate to the retail outlet to prevent large scale waste, Food Processing Industries Minister Subodh Kant Sahai said Tuesday.8:01 PM on May 13

Usha Martin net profit up 29 percent

Usha Martin Ltd, one of the leaders in the steel industry, announced Tuesday that it has posted a jump of 29 percent in net profit in the last quarter of 2007-08.8:01 PM on May 13

Hero Electric plans acquisitions

Hero Electric, the wholly owned subsidiary of the Hero Group, Tuesday said the company was in acquisition talks with two Indian firms.7:02 PM on May 13

Technopark bags national award for best technology incubator

The Technology Business Incubator (TBI) at Technopark here has bagged the prestigious national award for the best technology business incubator in the country for 2007.7:01 PM on May 13

Supreme Court refuses putting roadblock against Nano rollout

The Supreme Court Tuesday refused to put any roadblock before the world's cheapest car Nano's planned rollout by the year-end though it issued notices to its producer Tata Motors and the West Bengal government following a petition challenging land acquisition.7:01 PM on May 13

KEC bags Rs.1.11 bn power grid contract

Power transmission major KEC International Ltd has bagged a Rs.1.11 billion ($27.75 million) contract from the Power Grid Corp of India.7:00 PM on May 13

Satyam's solution reduces downtime for cement companies

Software major Satyam Computer Services Ltd Tuesday announced that it has developed a new solution to reduce downtime for process manufacturing companies, which normally take an annual or semi-annual plant maintenance shutdown.6:02 PM on May 13

Percept, Future Group in JV for Bollywood Retail

Entertainment and communications firm Percept Limited Tuesday announced a joint venture with retail major Future Group to launch 'Bollywood Retail' that aims to cash in on the Hindi film industry, the biggest entertainment phenomenon in India.6:01 PM on May 13

Indian markets close in red after choppy trade

Indian equities markets that opened in the green Tuesday morning remained choppy in the second half and slid to close in the red, with a benchmark index shedding over 300 points from the day's high.6:01 PM on May 13

Piramal starts testing of diabetes drug in Europe

Piramal Life Sciences Ltd, part of the Piramal Group of companies, has commenced the clinical study of its P1736, a drug meant for the treatment of diabetes (type II), in the Netherlands.6:00 PM on May 13

Himachal hydel power PSU gets mini ratna status

Sutlej Jal Vidyut Nigam Limited (SJVNL), a public sector hydel power company based in Himachal Pradesh, was Tuesday given the status of a 'mini ratna' by the central government.5:22 PM on May 13