Business News

Last updated: Thursday, October 23, 2014 8:58:08 PM

Coal block reallocation must give level-playing field: Industry
New Delhi, Oct 21 (IANS) Even as the ordinance allowing reallocation of coal blocks cancelled by the Supreme Court received presidential approval Tuesday, the Indian industry welcomed the move saying reforms towards a transparent allocation system must provide a level-playing field for both public and private sectors.

Tuesday, October 21, 2014 11:56:36 PM

Government to amalgamate NSEL with Financial Technologies
Chennai, Oct 21 (IANS) The central government Tuesday decided to amalgamate NSEL with its parent Financial Technologies (India) Ltd. (FTIL) to secure the interests of about 13,000 investors of the Rs.5,600-crore fraud-hit company.

Tuesday, October 21, 2014 10:10:05 PM

Cairn India Q2 net falls 33 percent to Rs.2,278 crore
New Delhi, Oct 21 (IANS) Oil and gas major Cairn India reported a 33 percent fall in net profit for the second quarter ending September on back of lower oil prices and production in results announced Tuesday within days of the government announcing the new price for natural gas.

Tuesday, October 21, 2014 9:48:04 PM

Gold is glittering this Dhanteras (Intro Roundup)
New Delhi/ Chennai/ Mumbai, Oct 21 (IANS) Gold glittered this Dhanteras as jewellers experienced good sales driven by better prices compared to last year.

Tuesday, October 21, 2014 9:42:12 PM

Bill to implement GST in winter session: Arun Jaitley
New Delhi, Oct 21 (IANS) The constitution amendment bill to implement the Goods and Services Tax (GST) would be introduced in the forthcoming winter session of parliament, Finance Minister Arun Jaitley said Tuesday.

Tuesday, October 21, 2014 7:52:22 PM

TUs oppose coal mines auction ordinance, threaten strike
New Delhi, Oct 21 (IANS) Major trade unions representing coal workers Tuesday said they oppose the e-auction of cancelled coal blocks proposed by an ordinance with an enabling provision for commercial mining by private companies, and threatened a nationwide strike if the government went ahead with the proposal.

Tuesday, October 21, 2014 7:44:04 PM

India favours democratisation of global affairs of telecommunications: Prasad
New Delhi, Oct 21 (IANS) India favours democratisation and broad-basing of the global affairs of telecommunications and internet governance, Information Technology and Telecommunications Minister Ravi Shankar Prasad has said.

Tuesday, October 21, 2014 6:48:03 PM

Odisha's 57-MT iron ore output cap in 2014-15
Bhubaneswar, Oct 21 (IANS) Despite mineral-based industries crying for ore-linkage to run their plants, the Odisha government Tuesday fixed a cap of 57 million tonnes on iron ore production during 2014-15.

Tuesday, October 21, 2014 6:38:05 PM

Telangana industry seeks respite from power holidays
Hyderabad, Oct 21 (IANS) The industry has urged the Telangana government to reduce the power holiday to once a week from the present two days a week.

Tuesday, October 21, 2014 6:34:04 PM

Lord Venkateshwara-engraved watch on display in Hyderabad
Hyderabad, Oct 21 (IANS) A Lord Venkateshwara-engraved watch, studded with diamonds and rubies and made from one block of sapphire, made by Swiss luxury watchmaker Century has been put on display here.

Tuesday, October 21, 2014 6:08:03 PM

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