Business News

Fuel shortage continues in Chennai

Most fuel outlets in Chennai remained closed for the third day, Wednesday, with long queues of vehicles lined up everywhere at the city's filling stations that were open. The government continues to monitor the shortage.7:31 PM on July 02

Coaching IIT aspirants a Rs.100 bn business: study

Private academies that train students for entrance exams of the Indian Institutes of Technology and other prestigious engineering colleges mint Rs.100 billion ($2.30 billion) a year - an amount that can fund 30 to 40 new IITs, shows a study by an industry body.6:31 PM on July 02

Adani Group seeks removal of Supreme Court bar on Mundra SEZ

The Mundra Port and Special Economic Zone Ltd, promoted by the city-based Adani Group, will seek from the Supreme Court vacation of its bar against construction at the proposed SEZ, the group said Wednesday.6:30 PM on July 02

Geelani asks Jammu Muslims to maintain communal harmony

Syed Ali Geelani, hardline separatist leader and chairman of a breakaway faction of the Hurriyat Conference, Wednesday appealed to Muslims in Jammu to maintain communal harmony in the wake of violent protests over allotment of land to the Shri Amarnath Shrine Board (SASB).5:31 PM on July 02

Inflation a short-term challenge: Montek

Inflation is a short-term challenge, arising out of crude oil price increase, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday.5:30 PM on July 02

TVS, Shriram launch Rs.5 bn equity fund

The TVS and Shriram groups, both based here, have launched a Rs.5-billion private equity fund, the TVS Shriram Growth Fund.5:30 PM on July 02

Violent protests over land allotment spread across Jammu

Violent protests against cancellation of land allotment to the Shri Amarnath Shrine Board (SASB) spread across the Jammu plains Wednesday and mobs defied the curfew here, burning effigies of Chief Minister Ghulam Nabi Azad and shouting anti-government slogans.5:30 PM on July 02

Tata AIG, Allahabad Bank tie up

Life insurance company Tata AIG and Allahabad Bank joined hands Wednesday to provide mortgage term insurance facilities to the bank's housing loan customers.5:03 PM on July 02

DLF board to consider share buy-back

Indian realty major DLF Ltd is considering buying back its equity shares.5:03 PM on July 02

Markets ends with a hefty gain, realty,metal stocks shine

The Indian equities market ended its extended losing streak and closed the day with a hefty gain on the back of heavy buying in realty, capital goods, metal and technology stocks.5:03 PM on July 02

Inflation a short-term challenge: Montek

Inflation is a short-term challenge, arising out of crude oil price increase, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday.5:02 PM on July 02

Diamond Power's new cable plant inaugurated

The high-tension power cables manufacturing plant of cable maker Diamond Power Infrastructure Ltd, formerly Diamond Cables Ltd, was commissioned Wednesday.5:00 PM on July 02

Market closes more than 700 points up

The Indian equities market closed in green Wednesday.5:00 PM on July 02

Surat diamond industry wage settlement in sight

The wage hike dispute between diamond cutting and polishing unit owners and workers in Surat would be resolved within the next two to three days, Surat Diamond Industry Association president C.P. Vanani said Wednesday.3:32 PM on July 02

Trucks off roads, government assures early solution

As millions of truckers went on an all-India strike early Wednesday, the government said all their grievances would be addressed and the issues would be resolved soon.3:30 PM on July 02