Business News

Last updated: Sunday, August 30, 2015 12:28:03 PM

Chennai firm plans new project's financial closure by May
Chennai, Feb 25 (IANS) The city-based Coastal Energen, the Indian arm of Coal and Oil group of Dubai that is promoting a Rs.45-billion (Rs.4,500-crore) thermal power plant in Tuticorin, hopes to achieve financial closure within two months, said a top company official Wednesday.

Wednesday, February 25, 2009 8:28:02 PM

Chinese power equipment firm to set base in India
Chennai Feb 25 (IANS) With its Indian client base increasing, Chinese power equipment manufacturer Harbin Power Engineering is considering setting up a service centre in Tamil Nadu, said a top company official.

Wednesday, February 25, 2009 8:21:46 PM

Satyam scam: government promises help to CBI after court rap
Hyderabad, Feb 25 (IANS) The Andhra Pradesh government Wednesday promised to render all possible assistance to the Central Bureau of Investigation (CBI) in probing the massive fraud in Satyam Computer Services after the High Court expressed its displeasure over the lack of cooperation with the investigating team.

Wednesday, February 25, 2009 8:13:34 PM

Britain launches new initiative to attract Indian tourists
New Delhi, Feb 25 (IANS) Eyeing the increasing number of Indian tourists to Britain, the British tourism authority Wednesday launched a new initiative to facilitate their travel to the country.

Wednesday, February 25, 2009 7:53:14 PM

New Companies Act will prevent more Satyams: P.C. Gupta
New Delhi, Feb 25 (IANS) Corporate Affairs Minister P.C. Gupta Wednesday said once the revised Companies Act becomes law, it would provide more teeth to investigating agencies that probe corporate fraud.

Wednesday, February 25, 2009 7:53:04 PM

Key papers sought on Reliance Petroleum role in Iraqi oil deal
New Delhi, Feb 25 (IANS) The Enforcement Directorate has sought permission from the finance ministry to obtain some key documents from Iraq, Jordan and Lebanon to establish if Reliance Petroleum Ltd (RPL) had violated any Indian law in the oil-for-food programme of the erstwhile Saddam Hussein regime.

Wednesday, February 25, 2009 7:36:30 PM

Paramount Airways to fly to Kolkata by June
Kolkata, Feb 25 (IANS) After entering the southern and western markets of the country, private carrier Paramount Airways is now planning to launch services to the eastern sector by June.

Wednesday, February 25, 2009 7:24:53 PM

Satyam awaits official nod to rope in strategic investor
Hyderabad, Feb 25 (IANS) The government-appointed directors of Satyam Computer Services are set to meet here Thursday amid indication they are yet to receive the official go ahead for the process to be adopted to get a strategic investor to keep the cash-starved IT major afloat.

Wednesday, February 25, 2009 7:22:18 PM

First mega food park to start operations in August
Haridwar, Feb 25 (IANS) The first of the 10 mega food parks being set up in the country under the 11th Five-Year Plan will become operational here in August with yoga guru Swami Ramdev's Patanjali Ayurveda as its main stakeholder.

Wednesday, February 25, 2009 7:20:40 PM

No immediate cut in diesel price: Deora
New Delhi, Feb 25 (IANS) The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday.

Wednesday, February 25, 2009 7:09:51 PM

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