Business News

Himachal Pradesh sets up Rs. 340 mn waste treatment plant

Concerned over unscientific disposal of hazardous waste by industries, the Himachal Pradesh government Monday launched a waste treatment plant at a cost of Rs.340 million at the state's industrial hub, Baddi in Solan district.6:33 PM on November 24

PM to lay foundation for Tirupati international airport

Prime Minister Manmohan Singh will launch next month the work on development of an international airport at Renigunta near the temple town of Tirupati in Andhra Pradesh.6:33 PM on November 24

30 finalists for Tata NEN Hottest Startups Awards 2008

The Tata NEN (National Entrepreneurship Network) Hottest Startups Awards 2008 Monday announced the shortlist of 30 finalists, which includes some of India's most inspiring and innovative young companies.6:32 PM on November 24

BSNL to launch 3G service in Chennai in January

State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) Monday reaffirmed its decision to launch third generation (3G) mobile services in Chennai in January.6:31 PM on November 24

IndusInd Bank to open 30 new branches

In a regulatory statement, private lender IndusInd Bank announced here Monday that it will open 30 new branches, set up 50 new off-site automatic teller machines (ATMs) and 6 mobile ATMs to increase presence in the country.6:31 PM on November 24

Equities end marginally red, Sensex down 12 points

Indian equities markets ended with marginal losses Monday after a late afternoon rally with a key index down only 12.09 points or 0.14 percent from its previous close Friday last week.6:01 PM on November 24

Air India likely to announce fare cut

India's leading carrier Air India is considering a fare cut and is likely to make an announcement soon following a request from civil aviation minister Praful Patel Saturday.6:00 PM on November 24

Uttar Pradesh university to launch schools for farmers

The Chandra Shekhar Azad University of Agriculture and Technology in Kanpur will open schools for farmers to impart scientific lessons on how to raise crop productivity, officials said Monday.6:00 PM on November 24

Realty prices in India may fall 30 percent: Goldman Sachs

Leading global financial services firm US-based Goldman Sachs has estimated that Indian realty prices may fall by up to 30 percent from current levels, with a significant knock on the economy.5:01 PM on November 24

Equities in red, key index down 89 points

Indian equities markets ended with marginal losses Monday after a late afternoon rally, with a key index down only 12.09 points or 0.14 percent from its previous close Friday last week.5:01 PM on November 24

Equities in red, key index down 89 points

Indian equities markets were in the red Monday mid-afternoon with a key index down 88.69 points or 0.99 percent from its previous close Friday last week.4:01 PM on November 24

Insurance Australia, State Bank launch insurance joint venture

India's largest lender, the state-owned State Bank of India (SBI), inked a pact Monday with Australian insurance major Insurance Australia Group Ltd (IAG) to launch a joint venture general insurance business in India.4:01 PM on November 24

India-CIS hydrocarbon roundtable to begin Tuesday

A year after India courted Africa's oil, hydrocarbon-rich Central Asian countries are now in its crosshair, as it prepares to host energy ministers and policy makers from that region for the next two days.4:01 PM on November 24

Flooded lignite mines may worsen Tamil Nadu's power situation

Power generation at three thermal units of the state-run Neyveli Lignite Corporation here might be affected as floodwaters have entered two lignite mines, crimping the fuel supply, officials said Monday.3:01 PM on November 24

Hike interest rates on NRI deposits: Isaac

To increase foreign exchange inflow into the country, Kerala's Finance Minister Monday urged the central government to hike interest rates on the deposits in non-resident accounts.3:00 PM on November 24