Business News

Last updated: Monday, August 31, 2015 11:14:04 PM

L&T bags Rs.345-crore order from Nuclear Power Corp
Mumbai, March 30 (IANS) Engineering and construction major Larsen and Toubro (L&T) has bagged a Rs.345 crore ($67.5 million) order from the Nuclear Power Corp of India (NPCI) for supply of four steam generators, it was announced Monday.

Monday, March 30, 2009 1:40:30 PM

Jharkhand reverses DA hike after poll panel objection
Ranchi, March 30 (IANS) Jharkhand's finance department has stayed the decision by the governor's advisory committee to hike the dearness allowance (DA) of government employees after the Election Commission raised objections to the move announced after model code of conduct came into operation.

Monday, March 30, 2009 1:25:47 PM

Reserve Bank financing of government to fall: Goldman Sachs
New Delhi, March 30 (IANS) The central bank has some leeway in funding the government due to a buffer it has built up over the past several years, but this could get exhausted rather quickly, global investment bank Goldman Sachs said in a report released Monday.

Monday, March 30, 2009 1:21:00 PM

Corporates want end to demands for election funds
New Delhi, March 30 (IANS) The election bugle has resulted in India Inc's cup of woes overflowing. Industrialists complain, mostly privately, that political parties have begun clamouring, coaxing and sometimes even threatening them to cough up for 'party funds'.

Monday, March 30, 2009 1:12:59 PM

What recession? Indian political parties are flush with funds
New Delhi, March 30 (IANS) It may be recession time for the world, but Indian political parties appear to be awash with money as they plunge into the world's biggest electoral battle.

Monday, March 30, 2009 1:11:39 PM

Markets slip further into the red
Mumbai, March 30 (IANS) Indian equities markets continued to be south-bound a little before noon Monday, with a key index was ruling 3.23 percent below its last closing figure. Other Asian bourses too were ruling in the red.

Monday, March 30, 2009 11:56:19 AM

Markets slip deep into the red
Mumbai, March 30 (IANS) Indian equities markets slipped deep into the red in the early morning session Monday, with a key index trading about 250 points or 2.56 percent lower than its last closing figure.

Monday, March 30, 2009 10:41:50 AM

Indian money stashed abroad should be brought back: Advani
New Delhi, March 29 (IANS) Joining the chorus with the Janata Dal-United (JD-U) and the Communist Party of India-Marxist (CPI-M), Bharatiya Janata Party (BJP) leader L.K. Advani Sunday asked Prime Minister Manmohan Singh to raise at the G-20 summit the issue of Indian money stashed abroad.

Sunday, March 29, 2009 7:38:13 PM

'Islamic financial system solution to meltdown'
Aligarh, March 29 (IANS) Greed and individualism must give way to a cooperative approach of Islamic financial system to rid the world of the current economic meltdown, a renowned Muslim scholar said Sunday.

Sunday, March 29, 2009 6:59:38 PM

Oriental Insurance expects Rs.150-crore fall in income
Chennai, March 29 (IANS) State-run non-life insurer Oriental Insurance may report a fall of around Rs.150 crore in its investment income this fiscal due to the downslide in the financial markets, a top official said here Sunday.

Sunday, March 29, 2009 6:59:23 PM

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