Business News

Oil prices to be slashed after assembly polls: Deora

The government could reduce fuel prices after the assembly elections end next month, Petroleum Minister Murli Deora said here Tuesday.1:01 PM on November 25

Fuel price reduction after polls

The government will decide on reducing fuel prices after the assembly elections end next month, Petroleum Minister Murli Deora said here Tuesday.12:32 PM on November 25

Delhi airport to invite bids for retail space

Delhi airport developer, Delhi International Airport Limited (DIAL) will invite next month global brands to bid for 20,000 sq. metres of duty-free retail shop space within the international airport, a DIAL official has told IANS.12:00 PM on November 25

Equities open strong, key index breaches 9,000 mark

Indian equities markets opened strong Tuesday on strong global cues and were in the green some 15 minutes into trading with a key index opening more than 250 points higher and staying in the green to again breach the psychologically important 9,000 mark.11:00 AM on November 25

Nandan Nilekani confident of changing India with ideas

Can ideas change a nation? Co-founder of Indian software giant Infosys and author Nandan Nilekani believes that they can, even if it takes a long time for them to become embedded in the collective psyche of the country.10:30 AM on November 25

Axon investors approve buyout by HCL Technologies

Shareholders of the British-based Axon Group plc at an extraordinary general meeting (EGM) held in London Monday approved the acquisition of their SAP consulting firm by India's fifth largest IT bellwether HCL Technologies Ltd.12:31 AM on November 25

Turkey offers to ship oil, gas to India via Israel

Visiting Turkish Prime Minister Recep Tayyip Erdogan Monday offered to supply crude oil and liquefied natural gas (LNG) to India via Israel in a bid to boost bilateral trade between the two countries.10:31 PM on November 24

'Shiv vada-pav' launched, to hit global markets soon

Shiv Sena executive president Uddhav Thackeray Monday launched Mumbai's favourite streetfood - vada-pav - as the party's branded 'Shiv vada-pav' and promised to make it a 'global' phenomenon soon.10:30 PM on November 24

IITians command $885 bn budgetary responsibility worldwide

The alumni of the seven Indian Institutes of Technology (IITs) now in senior positions in industry and government across the world have a total budgetary responsibility of $885 billion, states a study.9:33 PM on November 24

ONGC announces discovery in Krishna Godavari block

The state-run exploration company, Oil and Natural Gas Corp(ONGC), has made another hydrocarbon discovery in an offshore Krishna-Godavari block, it said Monday.9:33 PM on November 24

TVS ties up with IndusInd bank for credit to dealers

Two-wheeler maker TVS Motor Co has entered into an agreement with Mumbai-based IndusInd bank in order to forward credit to TVS dealers for maintaining inventory in times of economic crises.9:32 PM on November 24

Dunlop's Ruia seeks Rs.1 bn loan

Dunlop India Ltd chairman Pawan Kumar Ruia Monday said he has asked the government to grant Dunlop a loan of Rs.1 billion.9:30 PM on November 24

Air India considering fare cut, Jet to slash salaries

State-owned carrier Air India is considering a fare cut and is likely to make an announcement soon, but private airlines Jet Airways and Kingfisher are in no mood to follow suit, with Jet even working out on a salary cut of its pilots.8:33 PM on November 24

Spray Engineering to invest Rs.2.5 bn in Punjab

Spray Engineering Devices Ltd (SEDL), maker of sugar manufacturing equipment, will invest Rs.2.5 billion (Rs.250 crore) to set up sugar mills and upgrading existing units in Punjab, a senior company official said here Monday.8:30 PM on November 24

India will remain second-fastest growing economy: Chidambaram

India faces a difficult situation because of the global financial crisis and may even witness a slowdown, but its economy was nowhere near a recession, Finance Minister P. Chidambaram said here Monday.7:01 PM on November 24