Business News

Allahabad Bank revises term deposit rates

Kolkata-based Allahabad Bank has revised its interest rates on domestic term deposits up to Rs.10 million from 9.75 percent to 10 percent per annum for a period of over one year and less than two years, it said Wednesday.2:00 PM on August 20

No effect of trade union shutdown in Mumbai

Life was normal in Mumbai and the rest of Maharashtra Wednesday as people ignored the all-India shutdown called by Left-backed trade unions.1:00 PM on August 20

Delhi takes the cratered road to traffic snarls and stress

Anger, angst and absolute helplessness... those are the everyday negatives for millions of people who spend hours traversing the moonscape that are the potholed roads in the Indian capital and its suburbs post-rains.1:00 PM on August 20

Rail, road traffic disrupted as shutdown affects Orissa

Rail and road traffic were disrupted in several parts of Orissa as Left backed trade unions observed a shutdown Wednesday against the central government.12:33 PM on August 20

Strike hits image of West Bengal: industry leaders

Industry leaders here are bitter over the loss of a working day and all it entails as Left-supported trade unions went on a countrywide strike Wednesday, crippling normal life in West Bengal.12:32 PM on August 20

Over 40 percent lifts without licence: consumer rights group

An Ahmedabad-based consumer rights group issued legal notices to the chief electrical inspector, the government of Gujarat, and the directors of two hospitals for their negligence that the group alleged had resulted in the collapse of lifts at two public places.12:00 PM on August 20

Nokia touch screen phone by year end

Setting at rest speculations, cell phone major Nokia has confirmed it will launch a full touch screen handset by the end of this year.11:03 AM on August 20

India needs to look beyond coal-based power, says coal minister

India needs to look beyond coal and tap non-conventional and renewable sources of energy such as hydropower and nuclear energy, says Minister of State for Coal Santosh Bagrodia.11:03 AM on August 20

Shutdown called by trade unions cripples life in West Bengal

About 80 flights were postponed and rail and road traffic were disrupted in West Bengal Wednesday following a 24-hour shutdown called by Leftist trade unions against inflation, price rise and the other economic policies of the central government.11:02 AM on August 20

Equity markets start in the green

Indian equity markets, which opened higher Wednesday in line with other Asian peers, were in the green in early trade. There was buying interest in realty, metal and capital goods stocks.11:00 AM on August 20

Government targets 26,000 MW power from renewable sources

The central government has set a target of generating 14,000 MW additional power through renewable resources in the 11th Five-Year Plan, taking the total generation to more than 26,000 MW, a union minister said here Tuesday.11:01 PM on August 19

Etihad Airways, Kerala tourism to develop tour packages

Abu Dhabi-based Etihad Airways, which started its daily service from Abu Dhabi to Kozhikode Aug 2, said it is holding talks with Kerala Tourism Development Corporation (KTDC) to develop tour packages.11:00 PM on August 19

Reliance to roll out IPTV by year end

Anil Dhirubhai Ambani promoted Reliance Communications plans to roll out Internet Protocol Television (IPTV) by the end of this year, a top official said.10:02 PM on August 19

CII to hold conference on Chennai's future development

The Confederation of Indian Industry (CII) Chennai zone will conduct a one-day conference here Aug 22 to discuss the city's future development plans, a top official said here Tuesday.10:02 PM on August 19

Mamata firm on return of Singur land to farmers

Trinamool Congress chief Mamata Banerjee, who met chambers of commerce representatives here Tuesday, remained firm on her demand that the West Bengal government has to return to farmers the 400-acre excess land in the Tata Motors' small car factory site in Singur.10:01 PM on August 19