Business

AI board meet to decide on Boeing 787 arrival date, employees VRS


May 25th, 2012 - 7:49 pm ICT by IANS
New Delhi, May 25 (IANS) The Air India board will meet Monday to decide on the induction date of the Boeing 787 Dreamliner into the carrier's fleet and a voluntary ... Read more...

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Decision on petrol price rollback in a few days: Reddy


May 25th, 2012 - 7:42 pm ICT by IANS
New Delhi, May 25 (IANS) Just two days after the state-run oil marketing companies announced the steepest hike so far in petrol price, Petroleum Minister S. Jaipal Reddy Friday ... Read more...

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Rupee gains for second day as RBI intervenes


May 25th, 2012 - 7:31 pm ICT by IANS
Mumbai/New Delhi, May 25 (IANS) The Indian rupee strengthened for the second day Friday after hitting a record low of 56.40 against a dollar early this week as the ... Read more...

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Coming up, 100 more skill development centres


May 25th, 2012 - 6:14 pm ICT by IANS
Kolkata, May 25 (IANS) The National Skill Development Corporation (NSDC) will open 100 more training centres in the country, a top official said Friday."Our target has been revised to 400,000 ... Read more...

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India adds 6.5 million GSM subscribers in April


May 25th, 2012 - 5:27 pm ICT by IANS
New Delhi, May 25 (IANS) India's GSM subscriber base grew by 0.98 percent in April, adding 6.50 million mobile phone users, with Bharti Airtel alone signing up over 2.01 million ... Read more...

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Can hire new pilots, says Ajit Singh (Lead)


May 25th, 2012 - 4:59 pm ICT by IANS
New Delhi/Mumbai, May 25 (IANS) Civil Aviation Minister Ajit Singh Friday told Air India's striking pilots that the airline may begin hiring new pilots if the 18-day-old strike continued."We are ... Read more...

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Sheila Dikshit may consider reducing VAT on petrol


May 25th, 2012 - 3:59 pm ICT by IANS
New Delhi, May 25 (IANS) Hinting at a possible reduction in petrol prices in the national capital, Delhi Chief Minister Sheila Dikshit Friday said the Value Added Tax (VAT) on ... Read more...

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Striking Air India pilots meet civil aviation minister


May 25th, 2012 - 3:56 pm ICT by IANS
New Delhi/Mumbai, May 25 (IANS) In a bid to end the 18-day-old strike at national carrier Air India, some of the agitating pilots met Civil Aviation Minister Ajit Singh here ... Read more...

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Apex court issues notices on Jaipur’s Jal Mahal lease


May 25th, 2012 - 3:40 pm ICT by IANS
New Delhi, May 25 (IANS) The Supreme Court Friday issued notices to the Rajasthan government and others after the Jal Mahal Resorts Private Ltd. challenged the cancellation of its 99-year ... Read more...

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Power woes in UP set to disturb Akhilesh honeymoon (Uttar Pradesh Newsletter)


May 25th, 2012 - 2:40 pm ICT by IANS
Lucknow, May 25 (IANS) With mercury climbing up and little relief in sight from the scorching sun, incessant power cuts and outages in Uttar Pradesh have added to the ... Read more...

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‘Driverless metro can push safety, punctuality’


May 25th, 2012 - 2:21 pm ICT by IANS
Dubai, May 25 (IANS) Thales, the $16 billion French defence and civilian technologies major, has offered India the same safety, communication and navigation system that is helping Dubai run the ... Read more...

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India provides $27 mn for agro-processing plants in Ghana


May 25th, 2012 - 1:05 pm ICT by IANS
Accra, May 25 (IANS) India is to provide $27 million for establishing two agro-processing plants for sugarcane and tomatoes in eastern Ghana, Indian High Commissioner Rajinder Bhagat has said.Bhagat, during ... Read more...

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Spanish, Chinese firms sign deals valued at $626 mn


May 25th, 2012 - 12:29 pm ICT by IANS
Madrid, May 25 (IANS/EFE) Spanish and Chinese companies have signed five cooperation agreements and nine sales contracts for Spanish goods being bought by the Asian giant valued at around 500 ... Read more...

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GE invests $300 mn in Brazilian firm


May 25th, 2012 - 11:35 am ICT by IANS
Rio de Janeiro, May 25 (IANS/EFE) Brazilian mogul Eike Batista's Grupo EBX has announced a "strategic accord" with General Electric Co.It involves GE paying $300 million for a 0.8 percent ... Read more...

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UAE, China seek to boost trade ties


May 25th, 2012 - 12:42 am ICT by IANS
Abu Dhabi, May 24 (IANS/WAM) UAE and China have discussed ways to boost bilateral trade and investment.UAE Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi held discussions with a ... Read more...

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US stocks open mixed


May 25th, 2012 - 12:41 am ICT by IANS
New York, May 24 (IANS) US stocks opened mixed Thursday on mixed economic reports and ongoing euro zone concerns.On the economic front, orders for durable goods increased a slight 0.2 ... Read more...

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Mamata inaugrates Ganges riverfront project


May 25th, 2012 - 12:14 am ICT by IANS
Kolkata, May 24 (IANS) West Bengal Chief Minister Mamata Banerjee Thursday inaugurated the first phase of Riverfront Beautification Project along the Ganges, constructed on the lines of Thames riverfront ... Read more...

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UAE, Japan discuss energy cooperation


May 25th, 2012 - 12:13 am ICT by IANS
Dubai, May 24 (IANS/WAM) The representatives of the UAE and Japan have discussed ways to boost cooperation in the energy sector, it was announced Thursday.Vice Chairman of Dubai Supreme Council ... Read more...

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Apollo Tyres restructures its R&D; division


May 24th, 2012 - 11:07 pm ICT by IANS
Chennai, May 24 (IANS) Tyre major Apollo Tyres Ltd Thursday announced restructuring of its 250-member research and development (R&D;) wing, which now would be located at two major centres - ... Read more...

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Telecom Commission to meet again Saturday on spectrum pricing


May 24th, 2012 - 10:48 pm ICT by IANS
New Delhi, May 24 (IANS) The Telecom Commission at its meeting Thursday could not decide on the sector regulator's recommendations on key issues such as pricing and refarming of spectrum. ... Read more...

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Chopper firm’s director moves court over curbs


May 24th, 2012 - 10:07 pm ICT by IANS
New Delhi, May 24 (IANS) A director and a shareholder of Global Vectra Helicorp, the aviation arm of the Ravi Rishi-led Vectra Group, Thursday moved the Delhi High Court against ... Read more...

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DLF Brands to open 10 lifestyle multi-brand retail stores


May 24th, 2012 - 10:03 pm ICT by IANS
New Delhi, May 24 (IANS) Realty major DLF's lifestyle retail subsidiary DLF Brands Thursday said it plans to open around 10 multi-brand retail "AVE.NEU" outlets by the end of fiscal ... Read more...

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Pilots want to meet minister for dialogue (Second Lead)


May 24th, 2012 - 9:40 pm ICT by IANS
Mumbai/New Delhi, May 24 (IANS) The agitating pilots of Air India Thursday sought a meeting with Civil Aviation Minister Ajit Singh to end the 17-day-old strike that has crippled the ... Read more...

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Apex court to hear plea on Jaipur lake


May 24th, 2012 - 9:34 pm ICT by IANS
New Delhi, May 24 (IANS) The Supreme Court will Friday hear a petition challenging the Rajasthan High Court's order declaring as "illegal and void" a 99-year lease agreement for ... Read more...

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GPF interest rate raised to 8.8 percent


May 24th, 2012 - 9:16 pm ICT by IANS
New Delhi, May 24 (IANS) The government Thursday said deposits under the General Provident Fund (GPF) will attract 8.8 percent interest in 2012-13 against 8.6 percent in the previous year."The ... Read more...

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Bharti Airtel buys 49 percent of Qualcomm’s India business


May 24th, 2012 - 9:13 pm ICT by IANS
New Delhi, May 24 (IANS) India's leading telecom service provider Bharti Airtel has acquired 49 percent stake in US-based chipmaker Qualcomm's broadband wireless access (BWA) entities in India, investing almost ... Read more...

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Would cut petrol prices if crude prices fall: IOC


May 24th, 2012 - 9:12 pm ICT by IANS
New Delhi, May 24 (IANS) Amidst country-wide outrage over the steepest rise of petrol prices by Rs.7.5 a litre, Indian Oil Corp Thursday said it will not roll back the ... Read more...

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Government sets up panel to review poverty line


May 24th, 2012 - 9:08 pm ICT by IANS
New Delhi, May 24 (IANS) The government Thursday set up a technical panel to review the Tendulkar Committee methodology for deciding the poverty line for which it has under increasing ... Read more...

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Hewlett-Packard to slash 27,000 jobs


May 24th, 2012 - 8:30 pm ICT by IANS
London, May 24 (IANS) The world's largest maker of personal computers, Hewlett-Packard has announced plans to cut 27,000 jobs.The move, which will affect about eight percent of the company's ... Read more...

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Mobile phone towers in Chandigarh homes to stay, for now (Lead)


May 24th, 2012 - 8:19 pm ICT by IANS
New Delhi, May 24 (IANS) In a relief to the telecom service providers and mobile phone users, the Supreme Court Thursday ordered status quo thereby red-flagging the removal of 180 ... Read more...

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Two-day taxi strike in Kolkata from June 6


May 24th, 2012 - 8:04 pm ICT by IANS
Kolkata, May 24 (IANS) Commuters in Kolkata will face a tough time on the roads with the biggest union of taxi operators calling a 48-hour strike from June 6 demanding ... Read more...

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Mobile phone towers in Chandigarh homes to stay, for now


May 24th, 2012 - 7:59 pm ICT by IANS
New Delhi, May 24 (IANS) In a relief to the telecom service providers and mobile phone users, the Supreme Court Thursday ordered status quo thereby red-flagging the removal of 180 ... Read more...

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TVS logs 28 percent net profit, to launch new vehicles


May 24th, 2012 - 7:55 pm ICT by IANS
Chennai, May 24 (IANS) Closing last fiscal with 28 percent growth in its after-tax profit, two- and three-wheeler maker TVS Motor Company announced Thursday that it would launch an executive ... Read more...

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Centre to offload 6 months PDS grains


May 24th, 2012 - 7:52 pm ICT by IANS
New Delhi, May 24 (IANS) With its granaries overflowing and record food production for the third year in a row, the central government Thursday decided to allow states to lift ... Read more...

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Britain shows interest in tying up with Kerala B-school


May 24th, 2012 - 7:33 pm ICT by IANS
Thiruvananthapuram, May 24 (IANS) Britain is keen to forge ties with the city-based Asian School of Business (ASB) for conducting collaborative studies in areas like climate change, agriculture and energy, ... Read more...

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