Business News

Landslides hit transportation of apple crop in Himachal Pradesh

Apple growers, particularly in the Shimla district, are up in arms against the Himachal Pradesh government for its failure to clear landslides on various highways during the past few days, resulting in financial losses to them.7:02 PM on August 18

ICICI Bank plans exclusive private equity fund for small and amp; medium businesses

India's largest private lender ICICI Bank is planning to set up a $200 million (Rs.8 billion) private equity fund exclusively for the small and medium enterprises (SME) sector, a top company official said here Monday.7:01 PM on August 18

Central undertaking staff to go on strike Wednesday

Public sector employees will go on a strike Wednesday to protest against disinvestments and outsourcing in state-owned enterprises, a state-owned company warned the Bombay Stock Exchange Monday.7:00 PM on August 18

Kerala to hold handloom show, buyer-seller meet

Kerala will host a two-day handloom exhibition and a buyer-seller meet in October to promote the handloom products, a senior minister said here Monday.7:00 PM on August 18

Markets end with losses in a choppy trade

Indian equity markets closed in the red Monday for the fourth day running, in an extremely choppy trading session. Weak global markets also dampened the investors' sentiment.6:31 PM on August 18

Regulator allows computer-to-phone calls now

Soon, for the first time in the country, you would be able to make calls from computers to fixed line as well as mobile phones.5:31 PM on August 18

Apollo Tyres seeks state help over Kerala unit lockout

The Apollo Tyres management, which declared a lockout at its Perambara unit near here over a labour dispute, now wants the Kerala government to intervene, a senior company official said Monday.5:30 PM on August 18

Mahindra acquires China firm through joint venture

The Mahindra Group's farm equipment arm Monday signed an agreement with one of top three Chinese tractor manufacturers to set up a majority-owned joint venture with an investment of $26 billion.5:01 PM on August 18

Sensex closes 78 points down

The Indian equities market closed in red.5:00 PM on August 18

BSNL to convert Karnataka public call offices into info kiosks

State-run Bharat Sanchar Nigam Ltd (BSNL) will convert its public call offices (PCOs) in Karnataka into electronic information and transaction kiosks with free broadband connectivity (ePCOs).4:02 PM on August 18

Bids to select spectrum allocation manager floated

The Department of Telecom (DoT) Monday began inviting bids from companies wanting to manage the e-auction for spectrum allocation of next generation mobile applications in 22 telecom circles.4:00 PM on August 18

Tea gardens strike in West Bengal deferred

The indefinite tea gardens strike in West Bengal called by Coordination Committee of Plantation Workers (CCPW) for wage related issues, which was scheduled to start Monday, has been deferred for the time being, a union leader said Monday.2:33 PM on August 18

State Bank officers strike work

Officers of the biggest commercial bank in the country, the State Bank of India (SBI), went on a nationwide token strike Monday to protest the government's decision to merge the State Bank of Saurashtra, an associate bank, with it.2:03 PM on August 18

Equity markets slip into red early afternoon

Indian equity markets continued to trade flat early Monday afternoon after a volatile session. There was buying interest in technology, FMCG and capital goods stocks while metal, oil and gas and auto stock were under selling pressure.2:02 PM on August 18

Equity markets in the green in early trade

Indian equity markets, which opened lower Monday, moved into the green in initial trade.12:01 PM on August 18