Business News

Kerala to import sand to tackle construction crisis

The Kerala government Wednesday asked state agencies and builders to import construction sand from outside to overcome shortages and address environmental concerns.6:05 PM on December 09

Exports worth Rs.90,000 cr from SEZs in January-June

The 101 special economic zones (SEZs) operational in the country recorded exports worth Rs.90,000 crore in the first six months of the year, Commerce Minister Anand Sharma said in the Rajya Sabha Wednesday.6:03 PM on December 09

Mahindra Satyam settles US law suit with $70 mn

Mahindra Satyam Wednesday said it had settled a US lawsuit filed by Updaid, a client of erstwhile Satyam Computer Services, for $70 million.6:02 PM on December 09

Punjab National Bank sells stake in subsidiary

State-owned Punjab National Bank Wednesday said it will sell 26 percent stake in its home loan arm PNB Housing Finance to Destimoney Enterprises, previously called Dawnay Day.6:00 PM on December 09

Sensex ends volatile day 0.61 percent down

A benchmark index of the Indian equities markets Wednesday shut shop 0.61 percent lower amid volatility.6:00 PM on December 09

Volkswagen, Suzuki stake deal sends Maruti stock up

Maruti Suzuki's scrip shot up 3.82 percent Wednesday after global auto giants Volkswagen AG and Suzuki Motor Corp announced a share swapping deal.4:03 PM on December 09

Volkswagen picks up Suzuki stake for $2.5 bn

German auto giant Volkswagen Wednesday picked up a 20 percent stake in Suzuki Motor for about $2.5 billion, while the Japanese auto maker will reciprocate by taking up equity worth half of the proceeds in the European firm.4:02 PM on December 09

Sensex slips after briefly breaching green

A key index of Indian equities slipped back into the negative zone around noon Wednesday after breaching green briefly even as smaller company scrips saw buying interest.2:04 PM on December 09

300,000 tonnes of bauxite deposits found in Chhattisgarh

A new reserve of about 300,000 tonnes of bauxite ore has been found in Chhattisgarh's Maoist stronghold of Bastar, mining officials said Wednesday.12:04 PM on December 09

Sensex moves down 0.4 percent in morning trade

A key Indian equities index slipped 0.4 percent in early trade Wednesday.12:02 PM on December 09

Hearing on Reliance gas dispute cancelled for Wednesday

The hearing on the high-profile Krishna-Godavari gas dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) was cancelled Wednesday, as Chief Justice K.G. Balakrishnan was indisposed.12:02 PM on December 09

India, Sudan ink deal on expanding energy ties

India and Sudan signed an agreement on expanding ties in the oil and gas sector on the last day of a two-day India-Africa Hydrocarbon conference Tuesday.12:00 AM on December 09

OVL signs deal with Russian firm in oil and gas sector

ONGC Videsh Ltd (OVL) has entered into an agreement with Russian group Sistema for cooperation in exploration and studying oil and gas assets in Russia and third countries.12:00 AM on December 09

VRS scheme for Airports Authority employees approved

The government Tuesday said it has approved a voluntary retirement scheme (VRS) proposal for Airports Authority of India (AAI) employees working in the Delhi and Mumbai airports.10:07 PM on December 08

Fog envelops Mumbai airport, 14 flights hit

Fourteen incoming flights were diverted from Mumbai airport Tuesday as poor visibility due to foggy conditions crippled operations for over two hours on two occasions, an official said.10:06 PM on December 08