Business News

Ambani brothers' Rs.580 mn loan dispute lands in apex court

Anil Ambani-led Reliance Infocomm has moved the Supreme Court to recover a loan worth over Rs.580 million from a firm owned by his estranged brother Mukesh Ambani.10:32 PM on July 02

Tamil Nadu signs Rs.70 bn agreements for port, refinery

Tamil Nadu government Wednesday signed a number of agreements with ship building and power companies for setting up projects worth over Rs.70 billion ($1.6 billion) in the state.10:31 PM on July 02

Oil firms asked to make unbranded diesel available

The petroleum and natural gas ministry Wednesday asked oil marketing companies to make unbranded diesel available at all their retail outlets across the country, fulfilling one of the demands of the striking transporters.10:31 PM on July 02

Blackberry services not a security threat: official

Setting aside months of speculation, a top government official Wednesday said the Blackberry mobile services do not pose a threat to national security, indicating a government go-ahead for its operation in the country.10:31 PM on July 02

India committed to revitalizing NAM: Mukherjee

India is committed to revitalizing the Non-Aligned Movement (NAM), External Affairs Minister Pranab Mukherjee told Egyptian President Hosny Mubarak in Sharm el-Sheikh Wednesday.10:30 PM on July 02

Piramal to market PlasmaSelect's drugs in 38 countries

Pharma major Piramal Healthcare Ltd announced Wednesday that it has bought marketing rights of Germany-based PlasmaSelect AG's blood plasma products in 38 countries for 7.7 million euros ($12.2 million).10:23 PM on July 02

Hong Kong's Dragonair starts Bangalore operations

Dragonair, a wholly-owned subsidiary of Cathay Pacific Airways, started a daily direct service between Hong Kong and Bangalore Wednesday.10:00 PM on July 02

Himachal chief minister rules out tax cuts on fuels

Unfazed by the truckers' nationwide stir, Himachal Pradesh Chief Minister Prem Kumar Dhumal Wednesday ruled out any reduction in sales tax or value-added tax (VAT) on petrol and diesel in the state.9:33 PM on July 02

Reliance Mutual Fund eyes inorganic growth overseas

Reliance Mutual Fund is eyeing inorganic growth overseas but not at home, a top company official said here Wednesday.9:32 PM on July 02

Bank of Rajasthan hikes interest rates

The Bank of Rajasthan (BoR) Wednesday announced a 0.5 percent hike in its benchmark prime lending rate (BPLR) and interest rate on term deposits. The revised rates came into effect Monday.9:32 PM on July 02

Korn/Ferry launches new approach to talent management

Global talent management solution firm Korn/Ferry International Wednesday announced the launch of Korn/Ferry Advantage, a new innovative approach to talent crisis management.9:32 PM on July 02

Three airlines bid for northeast regional air carrier

Three airlines, including the state-run Alliance Air, have bid for operating a dedicated regional air carrier for the northeastern states, Minister for Development for North-Eastern Region Mani Shankar Aiyar said Wednesday.9:31 PM on July 02

ESPN STAR Sports renews ties with FIFA

ESPN STAR Sports (ESS) has inked a new contract with FIFA, the world's governing body for football, gaining exclusive television rights to broadcast a line-up of international football tournaments, including the 2010 football World Cup, in the Indian sub-continent.7:33 PM on July 02

Tata AIG, Allahabad Bank tie up to offer mortgage cover

Life insurance player Tata AIG and public sector Allahabad Bank joined hands Wednesday to provide mortgage insurance facilities to the bank's housing loan customers.7:31 PM on July 02

Rural India will wrest 40 percent of new telecom market

India's rural telecom connectivity is poised for explosive growth in the next five to 10 years, grabbing a 40 percent share of the new market, a study released Wednesday said.7:31 PM on July 02