Business News

Last updated: Wednesday, October 01, 2014 12:06:05 AM

Mumbai business community pledges support to UPA
Mumbai, July 16 (IANS) Indian Merchants' Chamber (IMC), a leading industry forum that represents nearly 250,000 businesses in the western region, Wednesday extended its full support to the Manmohan Singh government, which is seeking vote of confidence in parliament July 22 over the Indo-US nuclear deal.

Wednesday, July 16, 2008 8:10:38 PM

Ketan Parekh denied more time to surrender
New Delhi, July 16 (IANS) The Supreme Court Wednesday refused to extend the July 31 deadline for stock broker Ketan Parekh to surrender to the Mumbai jail authorities to undergo his year-long jail term for siphoning off Rs.477 million from a Canara Bank subsidiary in a financial scam of 1992.

Wednesday, July 16, 2008 8:02:09 PM

Tata Consultancy net up seven percent, but scrip falls
Mumbai, July 16 (IANS) Software giant Tata Consultancy Services (TCS) Wednesday announced a consolidated profit after tax (PAT) of $322.65 million (Rs.12.9 billion) during the first quarter this fiscal, compared to $300.73 million (Rs.12.02 billion) for the same period last year, recording a growth of seven percent on a year-on-year basis.

Wednesday, July 16, 2008 8:00:44 PM

'Bangladesh may turn to Myanmar for rice import'
Dhaka, July 16 (IANS) Bangladesh, which banked on India for its imports of rice when the country was hit by cyclone Sidr last year, may now turn to another neighbour Myanmar for more supplies to meet additional needs, said a Bangladeshi newspaper.

Wednesday, July 16, 2008 7:45:58 PM

India gets its first Hindi e-commerce site
New Delhi, July 16 (IANS) The country got its first e-commerce site in Hindi Wednesday. Ezeego1.com, the country's first meta search travel site, launched its new Indian langauge window for the vast Hindi-speaking travel market so that customers in the tier II and tier III cities can book flight tickets on domestic circuits.

Wednesday, July 16, 2008 6:59:18 PM

Tata Steel studying impact of inflation on projects
Kolkata, July 16 (IANS) Tata Steel is studying how spiralling construction material prices are impacting its proposed steel projects, a top company official said here Wednesday.

Wednesday, July 16, 2008 6:48:23 PM

Controls & Switchgear raises Rs.1 bn
New Delhi, July 16 (IANS) Power management products manufacturer Controls & Switchgear Co Ltd (C&S) has secured Rs.1 billion ($23.8 million) in investment from GE Commercial Finance India, the private equity arm of US-based General Electric (GE).

Wednesday, July 16, 2008 6:41:51 PM

Pressmart Media signs pact with US magazine
Hyderabad, July 16 (IANS) Pressmart Media Ltd, a city-based digital delivery service provider for publishers, has signed an agreement with Editor and Publisher magazine of the US to produce a same-as-print electronic edition of the American trade publication, it was announced here Wednesday.

Wednesday, July 16, 2008 6:41:35 PM

HCL acquires British BPO firm
New Delhi, July 16 (IANS) India's leading Software services firm HCL Technologies announced Wednesday that it has agreed to acquire Liberata Financial Services (LFS), a UK-based business process outsourcing (BPO) firm, for an undisclosed amount.

Wednesday, July 16, 2008 6:40:46 PM

Tata Metaliks to invest Rs.750 mn in sinter plant
Kolkata, July 16 (IANS) Pig iron manufacturer Tata Metaliks will invest Rs.750 million over the next two years to construct a sinter plant at its Kharagpur unit, a top company official said here Wednesday.

Wednesday, July 16, 2008 5:57:01 PM

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