Business News

Reliance Capital eyes major expansion

Sun, 05 Jul 2009 19:41:37 GMT

The Anil Dhirubhai Ambani Group's Reliance Capital has unveiled an ambitious plan for the next three-five years, including an entry into banking industry, globalisation of operations and tripling the customer base to 50 million.

Microfinance summit in October, focus on poor

Sun, 05 Jul 2009 15:42:23 GMT

The latest edition of the Microfinance India Summit will be held in Delhi from Oct 26-28, and will focus on providing financial services to low-income groups, the organisers of the event have said.

Indian business in Gulf has declined 20 percent: FICCI

Sun, 05 Jul 2009 19:25:14 GMT

Indian companies with interest in the Gulf have witnessed their business in the region decline by 20 percent, an industry lobby said here today.

Kazakhstan resolves issues with Mittal, ONGC

Sun, 05 Jul 2009 21:06:33 GMT

Kazakhstan has resolved its issues with steel magnate Lakshmi N.

Indian CAs sign exchange programme with Australia

Sat, 04 Jul 2009 22:37:07 GMT

Indian chartered accountants can now practise in Australia with the inking of an agreement between the chartered accountants institutes of India and Australia at an event here.

Court quashes DoT notification for granting telecom license

Sat, 04 Jul 2009 11:10:54 GMT

The Delhi High Court on Friday quashed a Department of Telecom (DOT) notification fixing Sep 25, 2007, as cut-off date for granting telecom licenses.

UCO Bank to enter general insurance business

Fri, 03 Jul 2009 20:01:42 GMT

State-run UCO Bank will invest Rs.

Two-hour strike by Air India staff, management unfazed

Fri, 03 Jul 2009 22:00:21 GMT

Employees of national carrier Air India went on a two-hour strike at airports across the country today to protest the delay in salary payments, but it failed to move the airline management.

Sensex closes 254 points higher

Fri, 03 Jul 2009 16:16:35 GMT

A key index of the Indian equities markets ended trade today 254 points above its last closing figure, as banking and capital goods stocks picked up.

Ashok Leyland to hive off design engineering unit

Fri, 03 Jul 2009 14:39:06 GMT

India's second largest commercial vehicle manufacturer Ashok Leyland is looking to spin off its design engineering unit Defiance Technologies into a group company, Defiance Tech Ltd, an official has said.

Sensex moves up 133 points in afternoon trade

Fri, 03 Jul 2009 14:38:11 GMT

A key index of the Indian equities markets extended its gains today afternoon, and was ruling 133 points up from its last closing figure about an hour before the closing bell.

Burn Standard upbeat on takeover proposal by Railways

Fri, 03 Jul 2009 17:18:35 GMT

State-owned railway equipment manufacturer Burn Standard is hoping for a new lease of life following Railways Minister Mamata Banerjee's announcement that her ministry would speed up the process of taking over the ailing company's wagon units.

Air India employees go on two-hour strike

Fri, 03 Jul 2009 14:14:48 GMT

Employees of national carrier Air India went on a two-hour strike at airports across the country from 1 p.

World Bank directs $400 mn to India

Fri, 03 Jul 2009 13:05:44 GMT

The World Bank Group committed US$6.

Andhra reducing dependency on US for IT exports

Fri, 03 Jul 2009 09:32:40 GMT

In an attempt to insulate itself from the slowdown, the IT/IT enabled Services (ITeS) sector in Andhra Pradesh is reducing its dependency on the US and focusing on other markets for exports, an industry official said on Thursday.