Moneycontrol Business News

Sacked Maruti Suzuki workers demand release of 100 workers

Tue, 21 May 2013 18:53:26 +0530

The agitating workers accused Haryana government of mercilessly repressing their protest demonstration and demanded immediate release of the 100 workers arrested by Haryana Police

CBI approaches SC for removing Dutt from probe team

Tue, 21 May 2013 18:44:48 +0530

In a three-page application to the Supreme Court to remove Superintendent of Police Vivek Dutt, the Chief Investigator of Coalgate scam, gave details of the circumstances under which Dutt was arrested in a corruption case.

India holds back on FTA commitment to China

Tue, 21 May 2013 18:07:52 +0530

Notwithstanding steps announced by India and China to reduce their trade deficit during Premier Li Keqiang's ongoing visit, Chinese analysts believe the imbalance is likely to keep growing in the short term due to structural problems.

Gemalto Encore Networks to provide M2M wireless solution

Tue, 21 May 2013 18:03:30 +0530

Gemalto, the world leader in digital security, announces its Cinterion M2M technology will provide wireless connectivity for Encore Networks’ routers deployed in mission critical applications for diverse market segments from Government, Electrical, Oil Gas, Waste Water, Transportation and Enterprise.

Plancess partners with LurnQ

Tue, 21 May 2013 18:02:13 +0530

LurnQ, a social online learning and teaching platform, is proud to announce its partnership with Plancess, India’s first company to provide study material for Engineering entrance examinations prepared by top hundred IIT-JEE rankers.

Toshiba to start mass production of NAND Flash Memory

Tue, 21 May 2013 18:01:28 +0530

Toshiba Corporation announced that the company has developed second generation 19 nanometer process technology that it will apply to mass production of 2-bit-per-cell 64 gigabit NAND memory chips later this month.

Adak Seafood processing equipment to be sold at auction

Tue, 21 May 2013 17:59:52 +0530

Hilco Industrial, a world leader in industrial machinery and equipment auctions, will conduct the sale of over 500 lots of seafood processing equipment formerly owned by a very large seafood company.

Evening wrap: Top news at a glance

Tue, 21 May 2013 17:16:51 +0530

Sensex fell 112.37 points to close at 20111.61, and the 50-share Nifty ended at 6114.10, down 42.80 points over the previous close. Shares from the realty, auto, power and banking sectors struggled, while those from the IT services sector gained ground.

Sunteck Realty awards construction contract to LT

Tue, 21 May 2013 17:00:12 +0530

Engineering major Larsen Toubro received a construction contract from Sunteck Realty – a Mumbai based real estate company for the latter’s Goregaon project christened as Sunteck City.

CCI begins probe into alleged cartelisation in oil prices

Tue, 21 May 2013 16:31:03 +0530

Fair trade regulator has begun investigating into cartelisation allegations by oil marketing companies. Earlier, Petroleum Ministry clarified that it was not responsible for petrol prices since it is deregulated.

LoI on Rlys order soon; may raise funds via PE: Kalindee

Tue, 21 May 2013 15:52:38 +0530

AP Verma, director finance, Kalindee Rail Nirman says, in an interview to CNBC-TV18, that he expects the LoI on railways order soon and adds that the company may raise funds via the PE route

Qatar National Bank to start India ops in expansion push

Tue, 21 May 2013 15:26:13 +0530

QNB said it would offer consultancy and advisory services in investment and finance for Middle Eastern companies looking to establish businesses and/or invest in India.

48 pvt cos likely to sell shares worth USD 1.8-bn by June

Tue, 21 May 2013 15:18:56 +0530

48 companies shall be offloading shares to meet the new norms for listed firms that was implemented in June 2010 where all private sector firms had been asked to attain a minimum public holding of 25 per cent by June 2013.

Vodafone India reports flat sales growth in FY13

Tue, 21 May 2013 15:16:42 +0530

Vodafone India's revenues rose by 1.17 percent to Rs 361.9 billion from Rs 357.7 billion during the same period.

LIC India sells 2.53% stake in Maruti Suzuki

Tue, 21 May 2013 15:00:45 +0530

Post-sale, LIC's stake in Maruti Suzuki India (MSI) has come down to 8.247 per cent currently from 10.777 percent earlier, the auto maker said in a filing to the BSE.