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Cabinet nod for hike in natural gas price
Price will be on a par with that of RIL
Sensex tumbles 467 points
MUMBAI: In yet another jolt to stock markets, the domestic Bombay Stock Exchange benchmark index, Sensex, plunged by 467.27 points to touch the lowest in nearly three-months as Germany banned short-sales of a range of assets in the midst of ...
Rupee crosses 46-mark
MUMBAI: The rupee on Wednesday closed at a three-month low of 46.36/37 against the dollar, after tanking 77 paise, the biggest single-day fall in more than 14 months, on heavy demand for the U.S. currency from banks and importers. There was ...
Exports surge 36 % in April
Steel Ministry wants export duty on iron ore raised
Quantitative restrictions on shipments can also be imposed
Visa Steel plans unit in Chhattisgarh
KOLKATA: Visa Steel, which has a joint venture with BaoSteel Resources of China for setting up a ferrochrome project in Orissa, is exploring other opportunities also, Chairman V. Saran said. Addressing a press meet after announcing Visa ...
Samsung introduces smallest laser printer
CHENNAI: Samsung India Electronics on Wednesday launched eight more models in the laser, multi function and network printer categories, including the world's smallest laser printer, ML 1666. With this launch, the company targets a 30 per cent ...
New handsets from Coolpad
Everonn net doubles
CHENNAI: Everonn Education doubled its consolidated revenue to Rs. 294 crore in the year ended March 31, 2010 from Rs. 145 crore in the previous year. Addressing presspersons here on Wednesday, Managing Director P. Kishore said the ViTELS ...
Philips Innovation Campus to focus on healthcare
Videocon offers free mobile browsing
MUMBAI: Videocon Telecommunications and Facebook have announced that Videocon GSM Mobile Services is now offering its customers free mobile browsing on the new O.facebook.com. According to a release, it will enable its customers stay connected ...
Avantha acquires Pyramid Healthcare of U.S.
NEW DELHI: Avantha Group on Wednesday announced that it had entered into a definitive agreement with U.S.-based Pyramid Healthcare Solutions (PHS) to acquire 100 per cent stake in the company. The enterprise value of PHS is about $20 million ...
Rane Brake raises dividend to Rs. 4.50
CHENNAI: Rane Brake Linings has reported a higher net profit of Rs. 10.09 crore for the year ended March 31, 2010 against Rs. 2.89 crore in 2008-09. Sales and operating revenue have increased to Rs. 236.30 crore from Rs. 191.35 crore. The ...
Airbus delivers first A380 to Lufthansa
FRANCE: Lufthansa has taken delivery of the first of 15 Airbus A380s ordered, with three more to join the fleet in 2010. According to a release, Lufthansa will deploy its new flagship aircraft on routes to Tokyo, Beijing and Johannesburg. ...
SBI Mutual launches PSU fund
CHENNAI : SBI Funds, the joint venture between State Bank of India, and Societe Generale Asset Management (France), announced the launch of its PSU Fund, an open-ended equity scheme, which will invest in stocks of the PSU companies. The new ...
Venu Srinivasan quits Wabco–TVS board
CHENNAI: Venu Srinivasan has laid down his office as Chairman and Member of the Board of Wabco-TVS from May 19. Since 1979, Mr. Venu Srinivasan, as Managing Director of Sundaram-Clayton Ltd (SCL), has been heading the airbrakes business. He ...
Axis Bank buys property in Mumbai for over Rs. 782 crore
Axis Bank has bought a property in central Mumbai from Bombay Dyeing where it will shift its corporate headquarters. It is, however, understood that the deal is worth Rs.782 crore, PTI reports from ...
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