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India Business Update
You are here : Moneycontrol » India Business Update
by PTI | 20th-Nov-09 19:23
Telecom regulator Trai today fixed at Rs 19 the reference rate for portability fee charged from users for changing operator while retaining the number.
by PTI | 20th-Nov-09 19:16
Corporate fraud increased manifold in the past one year amid the global economic slump, with nearly one in every three organisations falling prey to the menace, says a survey.
by Gopika Gopakumar | 20th-Nov-09 19:11
It is not the first time the government is talking consolidation of banking industry. In 2004 the UPA government came close to merging two large public sector banks i.e. bank of india and union bank.
by Ashwin Mohan | 20th-Nov-09 19:01
After putting it off for two days Sanjay Dalmia, Chairman, Golden Tobacco appeared before the Economic Offences Wing (EoW) for an entire day of interrogation in connection with the Indiabulls Financial case.
by Kritika Saxena | 20th-Nov-09 18:07
CNBC TV18 learns that General Atlantic is likely to open bids for selling its stake in Patni in the next two weeks. IBM, Dell Perot have approach the Patni promoters but a decision anytime soon seems unlikely.
by PTI | 20th-Nov-09 18:04
In Uttar Pradesh, unhappy over the tardy progress of rural employment guarantee scheme in the district, the District Magistrate here has stopped drawing his salary and also withheld salaries of several senior officials responsible for its implementation. Yesterday illegal property worth over Rs 3 crore was unearthed in a raid at NREGA in-charge\'s house in Indore.
by PTI | 20th-Nov-09 15:42
Maoists today exploded a bomb in Meghatpur mine and planted another at Kiribur, both run by public sector SAIL along the Orissa-Jharkhand border.
by Priyanka Ghosh | 20th-Nov-09 15:37
In 2008 realty major Unitech downsized its employee strength by 200 per cent. This was not surprising since most realty companies had almost halted construction due to lack of funds and a slump in demand.
by PTI | 19th-Nov-09 18:27
The rupee today ended sharply lower by 48 paise at 46.68/69 against the US currency on fresh dollar demand from oil companies, even as the government allayed fears of a likely curb on capital inflows
by Gopika Gopakumar | 19th-Nov-09 18:18
Since last year, personal loans have become a bad word in the books of many banks, but not for HDFC Bank.
by PTI | 19th-Nov-09 18:13
Oil ministry has sought comments from concerned ministries on its proposal to hike the price of natural gas produced by ONGC and Oil India by 30%.
by PTI | 19th-Nov-09 18:00
Illegal property worth over Rs 3 crore was unearthed in a raid at NREGA in-charge\'s house in Indore, sources in Lokayukta police said.
by Nayantara Rai | 19th-Nov-09 17:58
In the Ambani gas tussle in the Supreme Court today, RIL counsel Harish Salve said that RIL had no issues of gas pricing with NTPC and would have to supply gas to NTPC at the government instructed price.
by PTI | 19th-Nov-09 17:49
Sri Lanka-born US billionaire, Raj Rajaratnam, accused in a hedge-fund insider trading scam in America, has reportedly stared off-loading stakes in a bank of the island nation apparently to raise $100 million to fund his bail.
by PTI | 19th-Nov-09 17:41
The Obama administration wants India to lift the cap in both defence and insurance sectors, a top US official said.
by PTI | 19th-Nov-09 16:40
A section of Air India pilots, technicians and employees today marched to Parliament demanding immediate government action to save the cash-strapped national carrier.
by PTI | 19th-Nov-09 16:26
The Securities Appellate Tribunal (SAT), today set aside charges of insider trading against Dilip Pendse, former Managing Director of Tata Finance, and Anuradha Pendse and Nalini Properties.
by Abhijit Neogy | 18th-Nov-09 19:07
Parliamentary Affairs Minister Pawan Bansal said today that Banking and Insurance regulation bills have not been listed for the winter session of Parliament which begins on November 19, 2009.
by PTI | 18th-Nov-09 18:57
An Empowered Group of Ministers will meet tomorrow to review progress on auction of 3G mobile licences, amid sharp differences between the telecom and defence ministries over release of spectrum (airwaves) for commercial use.
by PTI | 18th-Nov-09 18:52
An Empowered Group of Ministers will meet tomorrow to review progress on auction of 3G mobile licences, amid sharp differences between the telecom and defence ministries over release of spectrum (airwaves) for commercial use.


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