Business News

Last updated: Saturday, July 04, 2015 7:36:17 PM

Apollo Hospital joint venture targets Mumbai
Chennai, Jan 30 (IANS) The Western Hospital Corp - a 51:49 joint venture between Apollo Hospitals Enterprises and Eleanor Holdings of Mauritius - will build three hospitals in Mumbai by 2012, said a top Apollo official here Friday.

Friday, January 30, 2009 7:54:14 PM

LIC pulled up for denying constable disability claim
New Delhi, Jan 30 (IANS) A consumer court here has pulled up the Life Insurance Corporation of India (LIC) for rejecting the claim of a disabled applicant and warned the insurance sector not to reject rightful claims of consumers on flimsy grounds.

Friday, January 30, 2009 7:52:50 PM

Regulator's wait to question Rajus continues
Hyderabad, Jan 30 (IANS) The market regulator will have to wait at least for 10 more days to question disgraced Satyam Computer founder B. Ramalinga Raju and his brother B. Rama Raju in the Rs.70-billion (Rs.7,000-crore/$i43-million) accounting fraud as the Andhra Pradesh High Court Friday adjourned the hearing on its petition to Feb 9.

Friday, January 30, 2009 7:48:11 PM

Tata Motors net plummets 153 percent
New Delhi, Jan 30 (IANS) The country's third largest passenger car maker and the biggest commercial vehicle manufacturer, Tata Motors, Friday said it posted a net loss of Rs.2.6 billion (Rs.263.26 crore/$58.5 million) in the third quarter of 2008-09, down 153 percent from that posted in the corresponding period last fiscal.

Friday, January 30, 2009 7:40:36 PM

Kamal Nath calls for improved competitiveness
New Delhi, Jan 30 (IANS) Emphasising the need for continued economic liberalisation, Commerce Minister Kamal Nath Friday said improved competitiveness, not isolation, was needed to face global competition.

Friday, January 30, 2009 7:35:43 PM

Pranab Mukherjee likely to head 3G ministerial panel
New Delhi, Jan 30 (IANS) The Group of Ministers (GoM) to decide the fate of third generation (3G) mobile spectrum auctions will most likely be headed by External Affairs Minister Pranab Mukherjee, an official source said Friday.

Friday, January 30, 2009 7:26:09 PM

Leather goods sector wants long-term growth plan
Chennai, Jan 30 (IANS) The Indian leather goods manufacturers are willing to sit with the government to chart out a joint medium- and long-term plan of action to take the industry ahead, said an industry official here Friday.

Friday, January 30, 2009 7:20:09 PM

Air India offers economy class tickets at Rs.99 each
New Delhi, Jan 30 (IANS) In a new offer, India's flag carrier Air India has pegged its economy class fare at Rs.99 (excluding Rs.3,024 as fuel surcharge) on all domestic sectors till Feb 28, an airline official said.

Friday, January 30, 2009 6:54:30 PM

Three Indian banks forge ties to float Malaysian venture
Chennai, Jan 30 (IANS) Three Indian banks - Indian Overseas Bank (IOB), Bank of Baroda and Andhra Bank - will soon float a Malaysian banking joint venture to take advantage of the opportunities there, said a top official.

Friday, January 30, 2009 6:02:18 PM

Positive end to week's trade
Mumbai, Jan 30 (IANS) Indian equities markets ended in the positive terrain Friday despite weak global markets, with a key index finishing 2.04 percent over its previous close.

Friday, January 30, 2009 5:36:21 PM

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