Business News

India looks at Russia for assured oil supply

India is hoping that the successful outcome of Sakhalin 1 oilfield project will be replicated in other projects in Russia.7:01 PM on November 25

Union leaders meet labour minister over Dunlop shut down

Various labour unions of tyre maker Dunlop India Ltd are still not ready to accept the management offer of Rs.2,000 per employee every month while keeping the plant shut down to tide over the current economic slowdown, a top trade union leader said here Tuesday.7:00 PM on November 25

Meltdown-hit tourism sector exploring new areas, says minister

Tourism Minister Ambika Soni Tuesday said though the global meltdown has affected India's tourism sector, it has also led to exploring new areas.7:00 PM on November 25

Russia may cut oil production to check falling prices

Russia does not rule out reducing production of oil as a reaction to the continuous fall in international crude prices.5:33 PM on November 25

Thales-Samtel JV to make global products in avionics

French defence and aerospace major Thales says its joint venture with city-based electronic giant Samtel will enable India become part of the global supply chain for civil and military avionics.5:31 PM on November 25

Navies should sanitise Gulf of Aden: Stolt Valor captain

Stressing that the Gulf of Aden, which controls the access to the Suez Canal, is vital for the global economy, the Indian captain of the cargo vessel MV Stolt Valor that was held captive by Somali pirates for two months, Tuesday stressed the need for global navies to 'sanitise' the waterway and stage 'hot pursuit' raids against the brigands.5:01 PM on November 25

Armed guards for merchantmen transiting Gulf of Aden

Shipping companies are deploying armed guards on their merchant vessels passing through the Gulf of Aden, one of the busiest and the most piracy-infested shipping lanes in the world, following a spike in hijackings by Somali pirates, an official said Tuesday.4:33 PM on November 25

India looks to central Asia for securing oil, gas supplies

India is looking for greater 'synergy in energy' with central Asian countries, Petroleum Minister Murli Deora said here Tuesday.4:32 PM on November 25

Its business as usual, says Citibank India after US bailout

Following the $20 billion bailout package announced by the US government, the beleaguered Citigroup Tuesday said its Indian operations were on track and that it was business as usual in terms of fresh recruitment.4:31 PM on November 25

Shiv vada-pav will be as popular as McDonald's burger: Uddhav Thackeray

Shiv Sena executive president Uddhav Thackeray has said that the branded Shiv vada-pav launched here would gain popularity across the world and even compete with global burger giants like McDonald's.4:31 PM on November 25

India's growth story remains intact: Ahluwalia

India's Planning Commission Tuesday said there was no need to alter its growth projection of 9 percent for the Eleventh Plan that runs till 2011-12, despite the economic crisis, as significant additional funding will be made available to pump prime the economy.4:30 PM on November 25

Indian diamond polishers say no to imports for a month

The Indian diamond processing industry has imposed a voluntary ban on import of roughs for a month beginning Tuesday to tide over the current crisis that had led to lower demand and pile up of inventories.4:30 PM on November 25

Equities end in red, key index down 200 points

Bears once again had the last laugh Tuesday as Indian equities markets slipped into the red again late afternoon after being in positive territory for most of the day with a key index closing more than 200 points lower than its previous close Monday.4:30 PM on November 25

Equities in green, key index testing 9,000 mark

After opening strong on positive global cues, Indian equities markets were still in the green mid-afternoon despite selling pressure at the higher levels with a key index breaching the psychologically important 9,000 mark only to go below it again as trading progressed.3:01 PM on November 25

Tough times for forging industry as auto sector suffers

With the domestic and global auto industry on a downslide and units running at 15-50 percent of their capacity, many forging units are facing the threat of closure, according to a top industry official.2:00 PM on November 25