Business News

Government to restructure equity capital of Punjab and Sind Bank

The government Friday decided to revamp the capital structure of Punjab and Sind Bank by restructuring its equity so that the public sector bank can raise money from the capital market.

India, German company ink urban development pact

The urban development ministry has signed an agreement with state-owned German Technical Cooperation (GTZ) for cooperation in the field of urban development, a top ministry official said here Friday.8:01 PM on August 08

Apex court clears Posco, Vedanta projects; villagers protest

The Supreme Court Friday cleared the diversion of forest land in Orissa for South Korean major Posco's steel plant and a mining project by Britain's Vedanta Resources, angering villagers and tribals in the region.8:00 PM on August 08

Honorary Indian Institute of Technology doctorate for Rata Tata

Ratan Tata, chairman of Indian industrial conglomerate Tata Group, has been conferred an honorary doctorate degree by top Indian technology school the Indian Institute of Technology-Bombay (IIT-B).7:02 PM on August 08

Fake currency scam: Special Investigation Team reaches Domariyaganj

The Special Investigation Team (SIT) reached Domariyaganj in Uttar Pradesh Friday to probe the fake currency racket that was unearthed earlier this month in the State Bank of India (SBI) branch.7:00 PM on August 08

Walt Disney picks up 15 percent in UTV's broadcast arm

Walt Disney Co has picked up 15 percent stake in UTV Global Broadcasting Ltd (UGBL) for Rs.1.18 billion, UTV announced in a statement Friday.6:31 PM on August 08

Give consumers freedom to pick electricity supplier: Haldea

Consumers should have the freedom to pick their own supplier of electrical power, a top government official said here Friday.6:31 PM on August 08

Gujarat government decision holds up Rajkot SEZ

A proposal to set up an engineering industry special economic zone (SEZ) near Rajkot city in Gujarat has got stuck because the state government has had a change of heart and decided to enforce the land use policy.5:33 PM on August 08

Equity markets close in the green

Indian equity markets closed in the green Friday.5:33 PM on August 08

Rail blockades worry East Coast Railway

Frequent protests by people at railway lines that hold up trains for hours have created problems for India's East Coast Railway that caters to three states.5:33 PM on August 08

Tata, Reliance ADAG most valuable brands

Tata, Reliance Anil Dhirubhai Ambani Group and Airtel have been identified as the top three most valuable brands in India by 4Ps Business and Marketing magazine in its annual ranking released here Friday.5:32 PM on August 08

Anti-graft law change to save officials from harassment

India is likely to amend its anti-corruption law making it compulsory to secure sanction before prosecuting any retired government official.5:32 PM on August 08

Travel agents protest Air India scrapping commission

Travel agents in Kerala dealing with air ticketing have decided to stage a daylong sit-in before the Air India office here Aug 26 to protest the airline's withdrawal of agent's commission from Nov 1.5:31 PM on August 08

Markets ends with marginal gain

The Indian equities market ended the last day of the trading session of the week with a marginal gain amidst volatile trade. Buying interest was seen in banking, capital goods, metal and power stocks.5:30 PM on August 08

Tata Com chief wins 'telecom person of the year' award

Tata Communications managing director and chief executive Srinath N. has been named the telecom person of the year by Voice and Data magazine.4:00 PM on August 08