Business News

Assam petrochemical plant to be completed by 2012

The Rs.54.6-billion petrochemical plant of the Brahmaputra Cracker and Polymer Ltd at Dibrugarh in Assam will be completed by April 2012, it was announced at the company's first annual general meeting here Friday.5:54 PM on July 04

Sensex closes 360 points up

Indian equity markets closed in the green Friday.5:54 PM on July 04

Market ends last trading day of the week in green

The Indian equities market ended the day in green on the back of heavy buying in realty, capital goods, power and banking stocks.5:53 PM on July 04

Panacea to enter healthcare sector

Vaccine and drug maker Panacea Biotec Ltd has forayed into healthcare by setting up a 220-bed multi-specialty hospital in Gurgaon near Delhi.5:01 PM on July 04

India's direct tax collections up 38 percent

In spite of a slowdown in the growth of both industrial production and merchandise exports, India's direct tax collections rose by as much as 38.61 percent in the first quarter of the current fiscal, the finance ministry said Friday.4:33 PM on July 04

ICICI Bank revises NRI deposit rates

The country's largest private sector lender ICICI Bank has revised its interest rates on various non-resident deposit schemes.4:32 PM on July 04

IFC to invest $15 mn in Mumbai pharma firm

International Finance Corp (IFC), a World Bank arm, will invest $15 million in Mumbai-based pharmaceutical outsourcing company Hikal by way of equity participation.3:01 PM on July 04

Two schoolgirls killed in mishap

Two schoolgirls were killed and four other people injured as a speeding truck rammed into a motorcycle in Burari area in northwest Delhi Friday, the police said.2:00 PM on July 04

Trucker's strike called off, government concedes demands

Truck owners called off their nationwide strike early Friday after the government agreed to lower service tax and provide unbranded diesel.12:32 PM on July 04

Model Joey Mathew ventures into music business

First a lawyer, then a model - and now Joey Matthew, who loves parties and electronic music, has forayed into the music business by launching her audio solutions company, Audioashram.11:30 AM on July 04

Equity markets open flat

Indian equity markets opened flat Friday.11:30 AM on July 04

Equity markets stay flat in early trade

Indian equities markets were trading flat early Friday, with selling pressure on some realty and power stocks.11:30 AM on July 04

Truckers call of strike; talks with government successful

Truck owners called off their nationwide strike early Friday after a marathon meeting between the transporters' association and the government during which the administration agreed to lower service tax and provide unbranded diesel.10:00 AM on July 04

India set for oil hunt in Canadian oilsands

India may soon sign a multi-billion-dollar deal with Canada to scour for oil in the oilsands of its Alberta province.10:00 AM on July 04

Now milk to take care of your heart and cholesterol

To battle the rising cholesterol levels in India, Nestle India has introduced a new skimmed milk - Nesvita Pro-Heart Omega 3 - complete with what it called a scientifically proven healthy and beneficial fatty acid.11:00 PM on July 03