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RBI closely monitoring liquidity situation: Shyamala Gopinath
‘Will ensure that short-term interest rates stay in line with our assessment'

Irani's 43-year tenure with Tata Steel ends
NEW DELHI: Credited with turning around Tata Steel in the 1990s, J. J. Irani has stepped down on turning 75 from the company board, bringing to an end his 43 years of association with the world's seventh largest steel making ...

EGoM meet on gas allocation cancelled

Japan to provide Rs.8,632-crore ODA loans
NEW DELHI: India on Monday inked seven agreements with Japan under which loans worth a total Rs.8,632 crore are to be provided as Official Development Assistance (ODA) for various infrastructure development projects in different states, ...

Sensex gains 44 points
The index recovers on short-covering

Etisalat bets big on 4G for broadband services
NEW DELHI: Unfazed by the ongoing investigations into alleged 2G spectrum scam, global telecommunications major Etisalat is committed towards its Indian operations. Besides expanding its network and building infrastructure in India, the ...

Net direct tax collection slumps on heavy refunds
NEW DELHI: Even as gross direct tax collections in the first two months of 2011-12 went up by 37.34 per cent to Rs.50,405 crore, the net mop-up during the period slumped by nearly 48 per cent to Rs.12,954 crore, mainly owing to large refunds ...

Lenovo launches ThinkPad X1

Lucas to market U.S. firm's lubricants
NEW DELHI: The U.S.-based TOP1 Oil Products Company on Monday joined hands with Lucas Indian Service, a part of Lucas-TVS Group, for sale and distribution of its premium range of lubricants in the Indian market. “We see huge potential in ...

Oil falls below $100 on U.S. recovery fears
LONDON: Oil prices fell below $100 a barrel on Monday amid fresh signs of slowing U.S. economic growth and ahead of a meeting of the OPEC oil cartel, where a production increase may be up for discussion. By early afternoon in Europe, benchmark ...

Other Stories


Colgate Palmolive pays Rs.8 interim
MUMBAI: Colgate Palmolive (India) has announced a first interim dividend of Rs.8 per share of Re.1 face value for the year ending March 31, 2012. This will be paid on the paid-up capital of Rs.13.60 crore. It will be paid on June 24, to the ...

PepsiCo, HUL launch ice tea
NEW DELHI: PepsiCo India and Hindustan Unilever have announced the launch of Lipton ice tea in the Indian market. The tea is made of tea leaves, real sugar and fruity flavours. PepsiCo India has launched the tea in the PET format in the Delhi ...

Central Bank in pact with Angel Broking
CHENNAI: Central Bank of India and Angel Broking entered into a strategic tie-up, offering Angel's on-line trading services platform to the bank's customers. This tie-up will provide a complete bouquet of financial solutions to customers. This ...

Cronimet eyes acquisition in Turkey
SRIKAKULAM: The board of directors of Cronimet Alloys India, formerly GMR Ferro Alloys and Industries, has approved the acquisition of 57,039 equity shares constituting 92 per cent of the total paid-up capital of Atlanta Madencilik Ve Sanayi ...

PayMate powers mobile fund transfers
MUMBAI: PayMate has launched an innovative application for mobile fund transfers that is now powering the inter bank mobile payment service of Syndicate Bank, Lakshmi Vilas Bank and South Indian Bank. About five additional banks are in the ...

Nissan Micra sales up in May
CHENNAI: Nissan Motor India has clocked a domestic sales of 1,588 units in May as compared to 56 units of CBUs (completely built units) in May 2010. Since it went on sale last July, Nissan has sold over 14,711 Micras in India until April this ...

New Karur Vysya Bank MD assumes charge
KARUR: K. Venkataraman took charge as the Managing Director and Chief Executive Officer of Karur Vysya Bank on Monday. He succeeds P. T. Kuppuswamy who retired on May 31. Prior to joining KVB, Mr. Venkataraman was Managing Director and CEO of ...

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