Business

EU approves Universal’s takeover of EMI


September 22nd, 2012 - 9:23 pm ICT by BNO News
BRUSSELS (BNO NEWS) -- The European Union (EU) on Friday announced that the Commission approved the proposed acquisition of EMI's recorded music business by Universal Music Group for $1.9 billion.The Commission initially ... Read more...

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Canada’s Nexen oil company shareholders approve Chinese takeover for $15.1 billion


September 22nd, 2012 - 9:21 pm ICT by BNO News
CALGARY, CANADA (BNO NEWS) -- Canadian oil and gas company, Nexen Inc., on Thursday announced that its shareholders have approved the proposed takeover by China National Offshore Oil Company (CNOOC).The Plan of ... Read more...

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SC moved for staying Kudankulam’s 1989 environmental clearance


September 21st, 2012 - 9:30 pm ICT by IANS
New Delhi, Sep 21 (IANS) The Supreme Court was moved Friday for staying the environmental clearance given to the Kudankulam Nuclear Power Plant (KNPP) in 1989 as this was ... Read more...

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JD-U workers protest black market in fertilizer


September 21st, 2012 - 9:11 pm ICT by IANS
Patna, Sep 21 (IANS) Hundreds of Bihar's ruling Janata Dal-United activists Friday ransacked the party's state headquarters here protesting against rampant black market in fertilizers.Police said the slogan-shouting JD-U workers ... Read more...

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UP wants better railway platforms


September 21st, 2012 - 8:56 pm ICT by IANS
Lucknow, Sep 21 (IANS) Uttar Pradesh is seeking better and improved railway platforms in the state.The state government Friday said it would ask the railway ministry to improve the condition ... Read more...

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World Bank to support Bangladesh river project


September 21st, 2012 - 8:54 pm ICT by IANS
Dhaka, Sep 21 (IANS) The World Bank plans to restart negotiations on a $1.2 billion loan to Bangladesh for building a bridge over the Padma river.Friday's announcement comes after the ... Read more...

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Y-Axis rolls out customized travel services


September 21st, 2012 - 8:47 pm ICT by IANS
Hyderabad, Sep 21 (IANS) Y-Axis, a leading overseas careers and immigration consultant, Friday announced launch of X! Travel Club for overseas travellers.Claiming to be the largest of its kind multi-brand ... Read more...

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India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

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Sensex at 14-month high, surging 404 points on reforms hopes (Roundup)


September 21st, 2012 - 8:28 pm ICT by IANS
Mumbai, Sep 21 (IANS) A benchmark index of Indian equities markets zoomed 404 points to close in a 14-month high Friday on hopes of more policy reforms in the coming ... Read more...

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SC notice on plea for probing Air India’s ‘unnecessary plane purchases’ (Lead)


September 21st, 2012 - 8:04 pm ICT by IANS
New Delhi, Sep 21 (IANS) The Supreme Court Friday issued notice to the central government and Air India on a petition seeking a CBI probe into the "unnecessary" purchase of ... Read more...

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Rajiv Gandhi Equity Scheme opened to investments through ETFs and MFs


September 21st, 2012 - 7:38 pm ICT by IANS
New Delhi, Sep 21 (IANS) To boost retail investments in capital markets, the government Friday approved the Rajiv Gandhi Equity Scheme (RGES) under which first time investors with an ... Read more...

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National Policy on IT approved


September 21st, 2012 - 7:22 pm ICT by IANS
New Delhi, Sep 21 (IANS) The National Policy on Information Technology 2012, which envisages the growth of the IT market to $300 billion and creation of another 10 million jobs ... Read more...

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Reliance Communications stock surges on tariff hike


September 21st, 2012 - 6:18 pm ICT by IANS
Mumbai, Sep 21 (IANS) Shares of Reliance Communications Friday surged over 7 percent after it decided to hike call rates by 25 percent.At the Bombay Stock Exchange, the scrip closed ... Read more...

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Italian GAS footwear now available in Delhi


September 21st, 2012 - 5:52 pm ICT by IANS
New Delhi, Sep 21 (IANS) Leading Italian footwear brand GAS is now available in the North Indian market.Suncorp Exim India, exclusive distributor of GAS in India, has launched the latest ... Read more...

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FDI reform lifted mood in aviation industry: Ajit Singh


September 21st, 2012 - 5:40 pm ICT by IANS
New Delhi, Sep 21 (IANS) Civil Aviation Minister Ajit Singh Friday said the government's open-sky policy for foreign investment in domestic airlines has positively affected sentiments in the aviation industry, ... Read more...

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Sensex closes 415 points up on hopes of more policy reforms (Second Lead)


September 21st, 2012 - 5:28 pm ICT by IANS
Mumbai, Sep 21 (IANS) A benchmark index of Indian equities markets closed 415 points higher Friday on hopes of further policy reforms in the coming days.The government Thursday issued a ... Read more...

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China online mobile phone sales soar


September 21st, 2012 - 5:11 pm ICT by IANS
Beijing, Sep 21 (IANS) About 10 percent of Chinese consumers now buy mobile phones online and their number is rising rapidly, a study has found.About 30 million mobile phones are ... Read more...

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PM to address nation on FDI in retail and other reforms


September 21st, 2012 - 4:55 pm ICT by IANS
New Delhi, Sep 21 (IANS) Prime Minister Manmohan Singh will address the nation Friday night to explain why his government is going forward with economic reforms, especially allowing overseas investment ... Read more...

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Kerala readies to launch seaplane services in January


September 21st, 2012 - 4:35 pm ICT by IANS
Thiruvananthapuram, Sep 21 (IANS) The first success of the recently-concluded 'Emerging Kerala' investors' meet could be the seaplane project to be operationalised in seven tourist destinations in the state in ... Read more...

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Sensex pares early gains, still 390 points up (Lead)


September 21st, 2012 - 4:10 pm ICT by IANS
Mumbai, Sep 21 (IANS) A benchmark index of Indian equities markets was trading 390 points higher in late afternoon session Friday, paring early day gains on profit booking.Power, capital goods ... Read more...

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India lowers taxes on overseas borrowings


September 21st, 2012 - 3:48 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday reduced tax on overseas borrowings by domestic companies to five percent from 20 percent so that local companies could easily raise funds ... Read more...

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No customs, VAT on non-subsidised cooking gas: Chidambaram


September 21st, 2012 - 3:32 pm ICT by IANS
New Delhi, Sep 21 (IANS) Finance Minister P. Chidambaram Friday said the government would remove customs, excise duty and value-added tax (VAT) from the sale of non-subsidised cooking gas.Talking to ... Read more...

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Walmart fails to open shop in New York


September 21st, 2012 - 3:08 pm ICT by IANS
New York, Sep 21 (IANS) Walmart's plans to open a store in New York city has suffered a setback because of opposition from liberals and small store owners.Walmart, the world's ... Read more...

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UP to expedite implementation of new industrial policy


September 21st, 2012 - 2:22 pm ICT by IANS
Lucknow, Sep 21 (IANS) The Uttar Pradesh government has directed various departments to expedite the implementation of the new industrial policy.The Infrastructure and Industrial Investment Promotion Policy 2012 was announced ... Read more...

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IMF lowers 2012 growth outlook for South Korea


September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...

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Sensex zooms 446 points on hopes of more policy reforms


September 21st, 2012 - 2:17 pm ICT by IANS
Mumbai, Sep 21 (IANS) A benchmark index of Indian equities markets surged 446 points Friday afternoon on hopes of further policy reforms in the coming days.The government Thursday issued a ... Read more...

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SC asks Air India to probe ‘unnecessary purchase’ of aircraft


September 21st, 2012 - 1:41 pm ICT by IANS
New Delhi, Sep 21 (IANS) The Supreme Court Friday issued notice to the central government and Air India on a petition seeking probe into the "unnecessary" purchase of 111 aircraft ... Read more...

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US fixed mortgage rates back to record lows


September 21st, 2012 - 1:31 pm ICT by IANS
Washington, Sep 21 (IANS) US fixed mortgage rates this week fell back to record lows after the Federal Reserve announced last week a new round of quantitative easing, also known ... Read more...

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Brazil’s middle class swells as 35 mn climb out of poverty


September 21st, 2012 - 12:24 pm ICT by IANS
Rio de Janeiro, Sep 21 (IANS/EFE) Roughly 35 million Brazilians have climbed out of poverty over the last decade and 53 percent of the country's nearly 194 million people now ... Read more...

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Spain auction sees lower borrowing costs for benchmark bond


September 21st, 2012 - 12:05 pm ICT by IANS
Madrid, Sep 21 (IANS/EFE) Spain's Treasury sold 4.8 billion euros ($6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on ... Read more...

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US eyes infrastructure spending in India, emerging economies


September 21st, 2012 - 11:34 am ICT by IANS
Washington, Sep 21 (IANS) With India and other emerging economies set to spends trillions of dollars to build infrastructure, US Secretary of State Hillary Clinton is hoping that they would ... Read more...

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(Vodafone willing to discuss tax demand (Lead, superseding previous story)


September 21st, 2012 - 12:40 am ICT by IANS
New Delhi, Sep 20 (IANS) Britain-based telecom service provider Vodafone Thursday said it was willing to discuss a tax demand of Rs.11,000 crore but remained non-commital on paying a lesser ... Read more...

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‘Declare Oct 2 as the National Volunteering Day’


September 21st, 2012 - 12:30 am ICT by IANS
New Delhi, Sep 20 (IANS) Ten eminent personalities came together here Thursday to give their support and start the next big step in volunteerism in India by signing a petition ... Read more...

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SC to resume hearing of 2G related matters Sep 27


September 20th, 2012 - 10:36 pm ICT by IANS
New Delhi, Sep 20 (IANS) The Supreme Court said Thursday that after a "long hiatus" it would resume the hearing of 2G related matters from Sep 27 and continue proceedings ... Read more...

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IAF to open bids for heavy choppers, tankers (Lead)


September 20th, 2012 - 10:22 pm ICT by IANS
Bangalore, Sep 20 (IANS) The Indian Air Force (IAF) would soon open bids for heavy-lift helicopters and flight fueling tankers and finalise bids for 22 Apache attack choppers, IAF chief ... Read more...

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