Business News

Direct tax collection up 3.71 percent

Direct tax collection during the fist eight months this fiscal rose 3.71 percent to Rs.183,822 crore as against Rs.177,251 crore in the like period last year.8:06 PM on December 02

Tariff war would hit revenues: BSNL

State-run telecom major Bharat Sanchar Nigam Ltd (BSNL) Wednesday said the low tariffs announced by the company following drastic cuts in rates by competitors, will hit its revenues.8:04 PM on December 02

Gurgaon to auction hoarding structures

Putting up hoardings at just about every place in Haryana's millennium city Gurgaon could soon be a thing of the past. The city authorities will auction the metal structures of illegal hoardings.8:01 PM on December 02

Oil ministry has compromised NTPC's rights: RNRL

The oil ministry has irrecoverably compromised the legal rights of state-run power major NTPC in its battle with Reliance Industries Ltd (RIL) over gas supplies, Reliance Natural Resources Ltd (RNRL) told the Supreme Court Wednesday.8:00 PM on December 02

Take action against hoarders: Congress

Even as it complimented the government for high economic growth, the Congress said Wednesday that the central government needed to take strong action against hoarders and strengthen the public distribution system to keep in check prices of essential commodities.8:00 PM on December 02

European immigration officials plan job portal

Immigration officials from Europe and Asia have recommended a multinational portal on the European job market to tackle increasing illegal migration across the globe.6:05 PM on December 02

Jet Airways launches Mumbai-Kathmandu service

Jet Airways Wednesday launched a new service connecting Mumbai with Kathmandu.6:04 PM on December 02

India got $88 bn foreign investment since 2004

India received $88.43 billion (Rs.391,477 crore) as foreign direct investment (FDI) from April 2004 to September this year, Minister of State for Commerce and Industry Jyotiraditya M. Scindia said Wednesday.6:02 PM on December 02

Waive off debts worth Rs.1.21 bn of Kerala fishermen: Panel

The Kerala State Fishermen Debt Relief Commission has recommended the state government waive outstanding loans of Rs.121 crore (Rs.1.21 billion) of 56,695 fishermen.6:02 PM on December 02

Shriram Properties to build 7,300 flats in four cities

Shriram Properties, a leading developer in South India, will build about 7,300 apartments in Bangalore, Chennai, Kolkata and Visakhpatnam over the next 24-30 months.6:02 PM on December 02

Sensex ends 28 points down after volatile trade

A key index of Indian equities markets closed marginally in the red Wednesday as investors turned to profit-booking despite strong sentiments in other Asian bourses.6:02 PM on December 02

Jaiprakash commissions cement unit in Gujarat

Jaiprakash Associates, primarily engaged in the industrial infrastructure sector, Wednesday commissioned a cement facility in Gujarat on an investment of Rs.1,500 crore.6:01 PM on December 02

Imports from China surge 35 percent

Imports from China rose 35 percent to Rs.147,605 crore ($31.8 billion) in 2008-09 from Rs.109,116 crore ($23.5 billion) the previous year, said Minister of State for Commerce and Industry Jyotiraditya M. Scindia Wednesday.6:00 PM on December 02

BSNL partners British Telecom for conferencing solutions

State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) has tied up with Britain's BT Group Plc for offering audio and web conferencing solutions to its customers, the company said Wednesday.6:00 PM on December 02

Border trade at Nathu La ends on sluggish note

Trade between India and China through the fabled Silk Road has ended for 2009 after registering business worth Rs.9 million since May.4:07 PM on December 02