Business News

Tamil film industry demands 60 percent slash in star fees

Following the poor show of blockbusters, Tamil film producers have asked stars to slash their rates by at least 60 percent, warning that they would have to otherwise think twice before launching new projects, officials in the Tamil film industry said.6:31 PM on November 22

Malhotra to Chidambaram: Walk the talk; slash petrol, diesel prices

Seeking relief for consumers, Bharatiya Janata Party's (BJP) chief ministerial candidate for Delhi V.K. Malhotra Saturday asked Finance Minister P. Chidambaram to reduce petrol and diesel prices following the slump in international crude prices.6:30 PM on November 22

'Banks in developed world should take lessons from India'

Banks in developed nations have many things to learn from the Indian banking institutions that have remained insulated from the mortgage crisis, Gujarat Health Minister Jaynarayan Vyas said here Saturday.5:30 PM on November 22

No evidence of bear cartels, market manipulations: Regulator

There is no evidence of any bear cartel functioning or any kind of manipulation in the Indian equities markets, C.B. Bhave, chairman of India's markets regulator Securities and Exchange Board of India (SEBI), said here Saturday.5:02 PM on November 22

Ford upbeat about Indian market, says expansion plans on track

The Indian arm of the US automobile giant Ford Motor Co. has said the financial problems faced by the parent company have not eroded Ford's brand equity in the country, and its $500-million expansion plans are on track.5:00 PM on November 22

Chennai-bound Indian flight forced to return after take-off

Around 130 passengers of an Indian flight from Bagdogra to Chennai had a narrow escape when the aircraft developed a mechanical snag minutes after taking off Saturday.4:31 PM on November 22

Citi may find it difficult to get buyers for its Polaris stake

US banking giant Citigroup, which was reportedly in talks with some potential buyers to offload its stake in Polaris Software Lab Ltd, is facing several challenges to the deal, thanks to a cap on Citi's voting rights.4:30 PM on November 22

Key equities index sheds 5.01 percent

Indian equities markets shed values for the second consecutive week, with a key index losing 5.01 percent after the 5.8 percent fall the week before to close below the psychologically important 9,000-point mark yet again.3:30 PM on November 22

'If more Indian women worked, $35 bn could be added to country's GDP'

If more Indian women worked, $35 billion dollars could be added to the country's Gross Domestic Product (GDP) over the next five years, an economic analyst has claimed.3:30 PM on November 22

Eat, talk and buy art at India's unique art platform

A bunch of women, clad in chiffon and smelling of expensive perfumes, sip their cappuccinos and discuss art prices. In another corner, college students talk excitedly about their favourite painters. The venue is Arts-I, India's first one-stop arts shop in the capital.10:31 AM on November 22

India, Turkey set up study group for FTA

India and Turkey have set up a joint study group to work towards a bilateral free trade agreement.12:30 AM on November 22

Television industry impasse to continue as workers' body scraps agreement

Television audiences will have to make do with re-runs of old soaps for some more time as technical workers unhappy with a deal signed Wednesday to address their demand for higher wages, decided Friday to scrap the agreement. No shooting was held for fresh episodes Friday as workers did not turn up.12:30 AM on November 22

Court asks Pepsi to remove mountain picture from water bottle

The Delhi High Court Friday directed Pepsi to remove the picture of a snow capped mountain from its packaged water product Aquafina, saying it gives a misleading impression to the consumers.9:31 PM on November 21

Parties blame Dunlop chief, not recession for unit closure

Refusing to buy Pawan Kumar Ruia-owned Dunlop Tyres' claim that the global meltdown had affected its business, West Bengal's mainstream political parties are up in arms against the company management for suspending operations at its Sahaganj unit near here.9:31 PM on November 21

Bangalore airport chief executive Brunner quits

Bangalore International Airport Ltd (BIAL) chief executive officer (CEO) Albert Brunner is quitting the high-profile post and has decided not to renew his contract, the company said here Friday.9:31 PM on November 21