Business News

Idea Cellular booked for not keeping records of GPRS users

Sun, 08 Nov 2009 13:29:55 GMT

Telecom company Idea Cellular has been booked for not keeping records of customers using its GPRS service after a woman accused an unidentified client of creating an objectionable profile of her and posting it on the net, police said today.

Bharat Sanchar Nigam's 3G services in Orissa by year-end

Sun, 08 Nov 2009 13:22:59 GMT

State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) will expand its third-generation (3G) network across Orissa by the year-end, a senior company official said today.

Banks' non-performing assets up 26 percent

Sun, 08 Nov 2009 09:57:13 GMT

The average non-performing assets (NPAs) of Indian banks during the second quarter this fiscal went up by 26 percent, says an industry lobby report.

Air India to cut down routes to lower losses

Sat, 07 Nov 2009 10:39:45 GMT

Soon the Air India Maharaja could witness a significant cut down of his total operation area.

Infosys offers multi-function human resource solutions

Fri, 06 Nov 2009 20:54:02 GMT

Infosys Technologies, in association with Oracle, will offer managed services platform that will help companies streamline their human resource (HR) operations and reduce costs.

Airtel brings service tax operations under one roof

Fri, 06 Nov 2009 22:01:36 GMT

Telecom service provider Bharti Airtel today launched a centre where functions relating to human resource, supply chain, finance and service taxes would be undertaken under one roof.

Jet, Kingfisher domestic fares up Rs.200

Fri, 06 Nov 2009 16:46:41 GMT

Jet Airways and Kingfisher Airlines today increased fuel surcharges, pushing up their domestic fares by up to Rs.

State Bank lowers deposit rates

Fri, 06 Nov 2009 17:07:35 GMT

The country's largest lender State Bank of India has lowered deposit rates by 25-50 basis points on amounts less than Rs.

Sensex ends 0.68 percent up after volatile trade

Fri, 06 Nov 2009 15:58:24 GMT

A benchmark Indian equity index shut shop today 0.

Left parties to resist privatisation moves

Fri, 06 Nov 2009 14:59:28 GMT

Condemning the union cabinet's decision to disinvest 10 percent shares in all profitable public sector, the Left parties today said they would "organise strong resistance" to the move.

ArcelorMittal to invest $5 bn in new steel mill in Brazil

Fri, 06 Nov 2009 13:14:50 GMT

ArcelorMittal SA, the world's largest steelmaker, plans to invest $5 billion to build a new steel mill in Brazil, CEO Lakshmi Mittal said in statements published by a Brazilian business daily.

Fairfax County in US beckons India Inc to invest

Fri, 06 Nov 2009 23:10:52 GMT

Fairfax County in Virginia state today invited India Inc to explore business opportunities in the US by investing in the county, especially in defence and aerospace sectors.

Indian equities up on government's divestment plan

Fri, 06 Nov 2009 11:46:53 GMT

Indian equities opened decisively higher at all bourses today with sentiment lifted by the government's decision a day before to ensure at least 10 percent divestment in all profitable state-run enterprises and their subsequent listing.

Mittal family to buy insolvent German fashion firm Escada

Fri, 06 Nov 2009 06:57:29 GMT

The family of Indian steel magnate Lakshmi Mittal is to buy insolvent German fashion house Escada, the company said on Thursday.

Audi partners World Economic Forum's India summit

Thu, 05 Nov 2009 21:19:19 GMT

German luxury car maker Audi will partner with the World Economic Focrum's India Economic Summit by providing its premium model cars for failitating the travel of delegates attending the event.