Business News

Two more directors resign from Satyam board

Satyam Computer Services Monday announced the resignations of director Vinod K. Dham and non-executive director Krishna G. Palepu from the company's board of directors.4:00 PM on December 29

Hyundai rolls out new compact car i20

Auto major Hyundai Motors India Monday here launched its new hatchback 'i20' in the premium compact segment.4:00 PM on December 29

Air India to reduce fares from Jan 1

A day after Kingfisher Airlines announced a fare cut, national carrier Air India Monday announced a similar fare reduction from Jan 1.3:31 PM on December 29

Pubs warned to pay up or face the music

The capital and areas around may fall short of venues to welcome the new year as hotels and pubs that have not paid music licence fees will not be allowed play music at their year-end bashes.3:31 PM on December 29

Logistics outsourcing business to reach $90 mn by 2012

Third party logistics outsourcing business in India will grow to $90 million from the present $58 million by 2012, according to a study released Monday.3:30 PM on December 29

Kosi flood victims protest in Bihar, demand more relief

The flood-hit victims of Bihar Monday blocked roads and railway lines to protest against the inadequate assistance provided by the state government to them.2:31 PM on December 29

Number of new phone subscribers dips in November

In what should worry India's telecom industry, the country recorded a 1.06 percent dip in new telephone connections in November, according to official data released here Monday.2:31 PM on December 29

Punjab National Bank, Bank of Baroda reduce lending rates

Punjab National Bank (PNB) Monday reduced its benchmark prime lending rate (BPLR) by 50 basis points from 12.5 percent annually to 12 percent from Jan 1. Bank of Baroda too reduced its BPLR by 75 basis points from existing 13.25 percent to 12.5 percent, also from Jan 1.2:00 PM on December 29

Bleak start to the week for equities markets

Indian equities markets made a disappointing start to the week as a key index fell more than 140 points by around noon Monday.1:01 PM on December 29

Flights, trains to and from Delhi delayed by fog

While five flights were cancelled or diverted, over 34 including 10 international flights to and from Delhi were delayed for at least four hours as heavy fog enveloped the national capital Monday morning and lingered till noon. Train services were hit too, while motorists had a tough time.1:00 PM on December 29

Thick fog covers Punjab, Haryana

Thick fog enveloped most parts of Punjab and Haryana Monday morning, reducing visibility on roads and affecting air and rail traffic.1:00 PM on December 29

Hindustan Aeronautics repair facility plan hits air pocket

Turbulence in the civil aviation sector has forced the state-run Hindustan Aeronautics Ltd (HAL) to put on hold plans to build an aerospace MRO (maintenance, repair and overhauling) facility at its airport here.12:30 PM on December 29

Equities markets fall as they open

Indian equities markets fell soon after the opening bell Monday with a key index falling about 1.09 percent from its previous close within about 15 minutes into trade.11:31 AM on December 29

Satyam postpones board meeting to Jan 10

Beleaguered Satyam Computer Services postponed its board meeting, convened Monday (Dec 29) to discuss a proposal for buy-back of shares by promoters, to Jan 10, the IT bellwether said Sunday.8:03 PM on December 28

Bus, train to Lahore find few takers from Amritsar

Very few passengers from India are boarding the bus service from here to Lahore and Nankana Sahib in Pakistan and the numbers are likely to go down further with the Ministry of External Affairs issuing a travel advisory asking Indians not to travel to Pakistan.4:01 PM on December 28