Business News

Last updated: Sunday, July 05, 2015 10:30:03 PM

Boeing signs deal with Maharashtra Airport Development Co.
Nagpur, Jan 31 (IANS) Aircraft maker Boeing Saturday signed a land lease agreement with Maharashtra Airport Development Co. (MADC) for setting up a $100-million maintenance, repair and overhaul (MRO) facility.

Saturday, January 31, 2009 8:26:21 PM

Global meltdown has affected Indian poor badly, says government
New Delhi, Jan 31 (IANS) Admitting that the global economic slowdown has hit the poor sections of the society, the government Saturday said two major challenges it faces now are poverty and climate change.

Saturday, January 31, 2009 8:04:15 PM

Satyam saga: Court extends judicial custody of Raju, others, to Feb 7
Hyderabad, Jan 31 (IANS) A city court Saturday extended the judicial custody of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and three other accused in the firm's massive scam to Feb 7.

Saturday, January 31, 2009 8:03:31 PM

Aviation fuel price cut by 4 percent
New Delhi, Jan 31 (IANS) Three days after the government announced reduction in petrol, diesel and cooking gas prices, state-run oil companies Saturday slashed the price of aviation turbine fuel (ATF) by four percent.

Saturday, January 31, 2009 6:40:02 PM

States asked to push infrastructure schemes to spur growth
New Delhi, Jan 31 (IANS) With two fiscal stimulus packages in the backdrop, the central government Saturday urged states to hasten the implementation of all public expenditure programmes, especially for infrastructure, to cushion the impact of global meltdown on the Indian economy.

Saturday, January 31, 2009 6:39:35 PM

Gujarat to increase number of CNG stations to 300
Gandhinagar, Jan 31 (IANS) The Gujarat government will increase the number of compressed natural gas (CNG) stations in the state to 300 from the present 120 as part of its initiatives to promote clean fuel, Minister of State for Energy and Petrochemicals Saurabh Patel said here Saturday.

Saturday, January 31, 2009 6:19:02 PM

Private sector will help India weather slowdown: Kamal Nath
New Delhi, Jan 31 (IANS) A 'disciplined' private sector and an 'aspiring' middle class are the engines of India's economic growth, and will help the country weather the tumultuous times, Commerce and Industry Minister Kamal Nath said Saturday.

Saturday, January 31, 2009 6:07:38 PM

Unitech profit dips 94 percent
Mumbai, Jan 31 (IANS) Infrastructure major Unitech Ltd Saturday said its profit after tax dipped 94.71 percent to Rs.195 million (Rs.19.5 crore/$4 million) for the quarter ended Dec 31 as against Rs.3.69 billion in the year-ago period.

Saturday, January 31, 2009 6:07:14 PM

Mahindra and Mahindra net profit plummets 99 percent
Mumbai, Jan 31 (IANS) Auto major Mahindra and Mahindra (M&M) Saturday said its stand-alone net profit dipped over 99 percent to Rs.11.96 million (Rs.1.19 crore/$242,757) for the quarter ended Dec 31, from Rs.4.05 billion in the same period the previous year.

Saturday, January 31, 2009 3:37:26 PM

Industry body seeks more incentives for auto industry
New Delhi, Jan 31 (IANS) Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) Saturday urged the government to offer more incentives to the domestic auto industry and encourage foreign investment in the sector.

Saturday, January 31, 2009 3:08:36 PM

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