Strike hits Coal India mines in Orissa
October 10th, 2011 - 3:33 pm ICT by IANS
Bhubaneswar, Oct 10 (IANS) The operations of state-owned Coal India Limited (CIL) in Orissa were hit Monday by a one-day strike called by its major workers' unions, an official ... Read more...
Posted in Business |
Sri lanka finds first gas field off Mannar
October 3rd, 2011 - 4:14 pm ICT by IANS
Colombo, Oct 3 (IANS) Cairn India has discovered Sri Lanka's first gas field off its northwestern coast in the Sea of Mannar, Xinhua reported.President Mahinda Rajapaksa announced the discovery at ... Read more...
Posted in Business |
Sri Lanka says gas field found in northwestern sea
October 3rd, 2011 - 1:06 am ICT by IANS
Colomo, Oct 2 (IANS) Sri Lanka announced Sunday that explorers had found a gas field in the northwestern sea of the country.President Mahinda Rajapaksa made the announcement at a public ... Read more...
Posted in World |
Dabur to set up plant in Sri Lanka
September 27th, 2011 - 8:23 pm ICT by IANS
New Delhi, Sep 27 (IANS) Dabur India Tuesday said it was setting up a Sri Lankan subsidiary, Dabur Lanka Pvt Ltd, and will invest $15 million (Rs.70 crore) there.Dabur Lanka ... Read more...
Posted in Business |
Hope to sell telecom towers arm soon: Ambani
September 27th, 2011 - 5:30 pm ICT by IANS
Mumbai, Sep 27 (IANS) Reliance Communications is in advanced stages of talks to sell its stake in its towers infrastructure subsidiary, while the promoters want to raise their holding in ... Read more...
Posted in Business |
Coal India eyes further acquisition in Mozambique
September 20th, 2011 - 10:50 pm ICT by IANS
Kolkata, Sep 20 (IANS) State-run Coal India Ltd. (CIL) is eyeing further acquisitions in Mozambique, an official said Tuesday."Initiatives have been taken to operationalise Coal India Africana Limitada (CIAL) to ... Read more...
Posted in Health |
China to build satellite for Belarus
September 20th, 2011 - 12:18 pm ICT by IANS
Beijing, Sep 20 (IANS) China will build and launch a communications satellite for Belarus, following signing of a contract between the two countries in Minsk, China Daily reported Tuesday.According to ... Read more...
Posted in World |
Bank working with NSE to set up SME exchange
September 16th, 2011 - 12:30 pm ICT by IANS
Kolkata, Sep 16 (IANS) The Small Industries Development Bank of India (SIDBI) is working with the National Stock Exchange (NSE) to set up a separate exchange for small and medium ... Read more...
Posted in Business |
ONGC to start two petrochemical projects by 2013
August 30th, 2011 - 5:16 pm ICT by IANS
New Delhi, Aug 30 (IANS) State-run Oil and Natural Gas Corporation (ONGC) Tuesday said two of its petrochemical projects will commence operations by 2013.The projects are being developed through joint ... Read more...
Posted in Business |
ITC Infotech to set up shop in Technopark
August 26th, 2011 - 2:30 pm ICT by IANS
Thiruvananthapuram, Aug 26 (IANS) ITC Infotech, a fully-owned subsidiary of $7 billion ITC Limited, will be setting up shop at the plush Technopark campus near here, an official said."The decision ... Read more...
Posted in Sci-Tech |
GVK to buy Siemens’ Bangalore airport stake
August 22nd, 2011 - 9:42 pm ICT by IANS
Mumbai, Aug 22 (IANS) GVK Power and Infrastructure Monday said that it will buy Siemens' 14 percent stake in Bangalore International Airport Limited (BIAL).The deal has been struck at Rs. ... Read more...
Posted in Business |
HeroITES expands Scotland operations
August 22nd, 2011 - 9:07 pm ICT by IANS
New Delhi, Aug 22 (IANS) India-based business process outsourcing (BPO) firm HeroITES Monday said its Scottish subsidiary has created a new 110-seat facility near Glasgow.The subsidiary, HEROtsc, opened the unit ... Read more...
Posted in Business |
IRCTC asked to maintain status quo on joint venture
August 17th, 2011 - 3:04 pm ICT by IANS
New Delhi, Aug 17 (IANS) The Delhi High Court has asked the government-run Indian Railway Catering and Tourism Corporation (IRCTC) to maintain status quo in its joint venture with Cox ... Read more...
Posted in Business |
Cairn India starts oil exploration in Sri Lanka
August 6th, 2011 - 9:22 pm ICT by IANS
Colombo, Aug 6 (IANS) Cairn India Saturday began exploring for oil in Sri Lanka's northwestern Mannar basin, which is believed to hold over one billion barrels of oil.Economic Development Minister ... Read more...
Posted in Business |
Mamata flags off Kolkata-Singapore flight
August 1st, 2011 - 8:26 pm ICT by IANS
Kolkata, Aug 1 (IANS) West Bengal Chief Minister Mamata Banerjee Monday inaugurated the Singapore Airlines' subsidiary Silk Air's four day a week service connecting Kolkata with Singapore. She said ... Read more...
Posted in Business |
Dozen unreleased songs of Amy Winehouse could be released soon
July 28th, 2011 - 10:10 pm ICT by Aishwarya Bhatt
London, July 28 (THAINDIAN NEWS) There are reports that a dozen of Amy Winehouse’s unreleased songs could be released soon. The news was confirmed by a spokesperson for Universal. It ought to ... Read more...
Posted in Entertainment |
MRPL posts six-fold increase in profit
July 26th, 2011 - 9:36 pm ICT by IANS
New Delhi, July 26 (IANS) Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corp (ONGC), Tuesday posted a six-fold increase in net profit at Rs.172.7 ... Read more...
Posted in Uncategorized |
2G scam: CBI points finger at Maran, seeks time for probe
July 6th, 2011 - 6:14 pm ICT by IANS
New Delhi, July 6 (IANS) The Central Bureau of Investigation (CBI) in its status report to the Supreme Court Wednesday pointed finger at Textile Minister Dayanidhi Maran for sitting on ... Read more...
Posted in Uncategorized |
China to buy 88 planes from Airbus
June 30th, 2011 - 12:51 am ICT by IANS
Beijing, June 29 (IANS) China has signed an agreement with aircraft giant Airbus to buy 88 planes of the A-320 family, an official said Wednesday.According to the deal signed in ... Read more...
Posted in World |
Three ex-generals face probe for corruption
June 26th, 2011 - 10:36 pm ICT by IANS
Islamabad, June 26 (IANS) Three retired Pakistani generals are facing a probe for corruption. The Dawn said Sunday that such an investigation was taking place for the first time in ... Read more...
Posted in South Asia |
Tata Steel gets $130 million after arbitration settlement
June 22nd, 2011 - 8:20 pm ICT by IANS
Mumbai, June 22 (IANS) India's largest private steel maker Tata Steel Wednesday said it had received $130 million following arbitration proceedings between its UK-based subsidiary and some buyers who broke ... Read more...
Posted in Business |
L&T; arm signs Rs.2,600 crore highway construction agreement (Lead)
June 22nd, 2011 - 6:23 pm ICT by IANS
Mumbai, June 22 (IANS) Construction and engineering major Larsen and Toubro (L&T;) Wednesday said that its subsidiary, Larsen and Toubro Infrastructure Development Projects Limited (L&TIDPL;), has signed a Rs.2,600 crore ... Read more...
Posted in Business |
L&T; arm signs Rs.2,600 crore agreement with NHAI
June 22nd, 2011 - 3:58 pm ICT by IANS
Mumbai, June 22 (IANS) Construction and engineering major Larsen and Toubro (L&T;) Wednesday said that its subsidiary, Larsen and Toubro Infrastructure Development Projects Limited (L&TIDPL;), has signed a Rs.2,600 crore ... Read more...
Posted in Business |
Punjab to have cattle markets on French lines
June 21st, 2011 - 11:53 pm ICT by IANS
Chandigarh, June 21 (IANS) The Punjab government Tuesday announced that it has decided to establish four ultra-modern cattle mandis (markets) on the lines of similar cattle markets in France.These will ... Read more...
Posted in Business |
Bridgestone’s Madhya Pradesh tyres factory begins production
June 15th, 2011 - 1:03 am ICT by IANS
Bhopal, June 14 (IANS) The Bridgestone India Private Limited (BSID), a subsidiary of the Bridgestone Corporation Japan, Tuesday announced the start of production of truck and bus radial tyres at ... Read more...
Posted in Business |
South African Neotel is now Tata Communications subsidiary
June 14th, 2011 - 8:03 pm ICT by IANS
Mumbai, June 14 (IANS) India's Tata Communications Tuesday said it had hiked its stake in South Africa based fixed line services operator Neotel to 61.5 percent from the earlier 49 ... Read more...
Posted in Business |
CESC to buy stake in Australian mining firm for $10 mn
June 9th, 2011 - 10:08 pm ICT by IANS
Kolkata, June 9 (IANS) CESC Ltd, the flagship power company of the RPG Group, will buy 4.8 percent stake in Australia-based mining company Resource Generation Limited for $10 million, the ... Read more...
Posted in Business |
BMW India to focus on small cities, towns
June 8th, 2011 - 7:16 pm ICT by IANS
Panaji, June 8 (IANS) BMW India will focus on small cities and tier-two towns to beef up its market position in the country, a top company official said Wednesday.Speaking to ... Read more...
Posted in Business |
Yamaha looks to double India bike sales
May 28th, 2011 - 4:40 pm ICT by IANS
Kolkata, May 28 (IANS) Japanese motorbike manufacturer Yamaha's India subsidiary Saturday said it is aiming to double its bike sales to 500,000 units this year."We are aiming to sell 5 ... Read more...
Posted in Business |
Lanco Solar bags Rs.884.18 crore solar power project
May 26th, 2011 - 5:19 pm ICT by IANS
Mumbai, May 26 (IANS) Lanco Solar, a fully owned subsidiary of Lanco Infratech, Thursday said the company in consortium with Juwi Renewable India had bagged a Rs.884.18 crore ($195 million) ... Read more...
Posted in Uncategorized |
2 dead, 16 injured after explosion in Foxconn factory in southwest China
May 21st, 2011 - 3:23 am ICT by BNO News
CHENGDU, CHINA (BNO NEWS) -- An explosion on Friday killed two people and injured 16 more in a Foxconn factory in southwest China's Sichuan Province, the state-run Xinhua news agency reported.At about ... Read more...
Posted in Technology Industry News |
Reliance Money Express to offer services in South India
May 19th, 2011 - 8:41 pm ICT by IANS
Cochin, May 19 (IANS) Reliance Money Express, part of the Anil Dhirubhai Ambani Group Thursday announced a tie-up with Muthoottu Mini Financier (MMF) for offering money transfer services to customers ... Read more...
Posted in Uncategorized |
Jet Airways posts net profit of Rs.9.69 crore
May 19th, 2011 - 6:44 pm ICT by IANS
Mumbai, May 19 (IANS) Jet Airways Thursday reported a stand- alone net profit of Rs.9.69 crore for fiscal year 2010-11, as compared to a net loss of Rs.467.64 crore for ... Read more...
Posted in Business |
JSW Steel quarterly net profit rises 16 percent
May 16th, 2011 - 5:24 pm ICT by IANS
Mumbai, May 16 (IANS) Indian steel major JSW Steel Monday posted a 16 percent increase in its net profit at Rs.832.66 crore for the quarter ended March 31 as against ... Read more...
Posted in Business |
3i Infotech to sell US unit for $137 mn
May 16th, 2011 - 1:59 pm ICT by IANS
Mumbai, May 16 (IANS) Indian software services firm 3i Infotech Monday said it had signed an agreement to sell its US-based global billing and payments unit for $137 million to ... Read more...
Posted in Business |