Business

Bhatinda refinery capacity will be doubled: Mittal

Written on 28 Apr, 2012 at 12:44 in Business | viewed 186 times | 0 Comments

Bhatinda: Billionaire Lakshmi N. Mittal on Saturday said capacity of his first downstream oil venture here will be doubled to 18 million tonne in future. Speaking at the formal opening of the Rs. 21,500 crore Guru Gobind Singh Refinery here, Mr.... (Continue reading)

Vodafone reaches agreement to acquire CWW for $1.67 bn

Written on 23 Apr, 2012 at 16:10 in Business | viewed 205 times | 0 Comments

London:Telecom giant Vodafone on Monday said it has reached an agreement to buy British firm Cable and Wireless Worldwide (CWW) for about GBP 1.04 billion. India’s Tata Communications was also in fray to acquire the British firm, but had pulled out... (Continue reading)

India taking steps to reduce leakages in subsidies: Pranab

Written on 21 Apr, 2012 at 11:09 in Business | viewed 203 times | 0 Comments

Washington:India is working towards elimination of subsidies in all areas except for food and is also taking concrete steps to reduce massive leakages in subsidy. “My strategy would be two-pronged, first to prevent the leakage of subsidy by taking technological advantage... (Continue reading)

Air India posts healthy growth revenue

Written on 18 Apr, 2012 at 15:12 in Business | viewed 263 times | 0 Comments

Mumbai: Riding on high yields and an increased passenger load factor, State-owned Air India posted a healthy 46 per cent revenue growth last month over the same period last year, airline sources said today. “The yields on domestic sector had significant... (Continue reading)

RBI Reference rates

Written on 18 Apr, 2012 at 14:44 in Business | viewed 244 times | 0 Comments

Mumbai: The Reserve Bank of India (RBI) today fixed the reference rate for the U.S. dollar at 51.5035 and the euro at 67.5415, as against 51.6265 per dollar and 67.6546 per euro yesterday. In a press release issued by the RBI,... (Continue reading)

India request for extra Qatar LNG to boost bilateral trade

Written on 6 Apr, 2012 at 13:39 in Business | viewed 239 times | 0 Comments

Dubai: India expressing interest in importing additional liquefied natural gas from Qatar will further boost the trade between the countries, a senior banker has said. “India will be one of the largest gas markets for Qatar apart from China. Cooperation in... (Continue reading)

Facebook to list on Nasdaq: NYT

Written on 6 Apr, 2012 at 12:32 in Business | viewed 360 times | 0 Comments

New York: Popular social networking site Facebook, which will soon launch its initial public offering, has zeroed in on the Nasdaq Stock Exchange to list its shares, a media report said. Billionaire Mark Zuckerberg-led Facebook has chosen Nasdaq over the New... (Continue reading)

Global trade bodies bat for Vodafone, write to PM

Written on 2 Apr, 2012 at 16:04 in Business | viewed 306 times | 0 Comments

New Delhi: Several global business associations have sought reconsideration of the retrospective amendment of the Income Tax Act in the backdrop of Vodafone controversy warning that the proposed change has prompted widespread review of costs and benefits of investing in... (Continue reading)

Govt. not looking at diesel price decontrol: Reddy

Written on 23 Mar, 2012 at 17:33 in Business | viewed 499 times | 0 Comments

New Delhi: Oil Minister S. Jaipal Reddy today said the government is not contemplating decontrol of diesel prices and admitted to “some kind of” discontinuation of petrol deregulation of late. “As of now, we are not contemplating deregulation of diesel prices,”... (Continue reading)

Sensex down 174 points amid election results, weak Asian markets

Written on 6 Mar, 2012 at 10:28 in Business | viewed 622 times | 0 Comments

Mumbai: The BSE Sensex extended losses for the second straight day, losing 174 points in opening trade on Tuesday on sustained selling by funds amid assembly election results and weak trend in Asian markets. With the assembly election results in five... (Continue reading)

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