Business News

Last updated: Friday, October 31, 2014 9:44:03 PM

Reliance Globalcom ties up with US-based Internap
Mumbai, July 29 (IANS) Reliance Globalcom, part of Reliance Communications Ltd, Tuesday entered into a strategic alliance with Internap Network Services Corp, a US-based provider of end-to-end internet business solutions.

Tuesday, July 29, 2008 8:33:53 PM

Delhi airport employees boycott work, threaten indefinite strike
New Delhi, July 29 (IANS) Airports authority employees union held a demonstration outside the Rajiv Gandhi Bhawan here Tuesday afternoon to protest against the alleged changes in their terms of employment and threatened to go on indefinite strike from Aug 20 if their grievances are not redressed.

Tuesday, July 29, 2008 8:32:34 PM

Jet posts $33.3 million profit in first quarter
Mumbai, July 29 (IANS) India's largest private carrier Jet Airways has announced a net profit of Rs.1.43 billion ($33.3 million) during the first quarter of fiscal 2008-09 against Rs.308.80 million in the corresponding period last year.

Tuesday, July 29, 2008 8:31:00 PM

Uttar Pradesh opens 465 bus routes for private players
Lucknow, July 29 (IANS) The Uttar Pradesh Transport Department will soon invite requests for quotation (RFQ) from private companies for operating buses on 465 routes of the state, a top official said here Tuesday.

Tuesday, July 29, 2008 8:26:44 PM

Realtors fear further slowdown following rate hikes
New Delhi, July 29 (IANS) Indian realty companies have sharply criticised the central bank's move to increase repo rate and cash reserve ratio (CRR), saying this would further burden the real estate sector that is already reeling under a cash crunch and slackening demand.

Tuesday, July 29, 2008 8:25:26 PM

NALCO alumina refinery faces acute coal shortage
Bhubaneswar, July 29 (IANS) National Aluminium Co Ltd (NALCO), India's second largest aluminum producer, Tuesday said it may shut down its alumina refinery in Orissa due to coal shortage.

Tuesday, July 29, 2008 8:06:12 PM

Andhra Paper Mills posts 44 percent growth
Hyderabad, July 29 (IANS) Privately-held Andhra Pradesh Paper Mills Limited (APPM) has posted 44 percent income growth for the first quarter ended June 30, the company said Tuesday.

Tuesday, July 29, 2008 8:03:54 PM

Steel firm Jai Balaji net up 96 percent in Q1
Kolkata, July 29 (IANS) Steel manufacturing company Jai Balaji Industries recorded a 96 percent rise in its net profit in the quarter ended June 30, 2008, compared to the corresponding period last fiscal.

Tuesday, July 29, 2008 7:43:48 PM

Ranbaxy expects US drug office to drop motion next month
New Delhi, July 29 (IANS) The US Federal Drug Administration (USFDA) is likely to withdraw by Aug 3 its court motion on alleged illegal drug sales in the US by India's largest drug maker Ranbaxy Laboratories, a top company official said Tuesday.

Tuesday, July 29, 2008 7:43:22 PM

Agreements worth Rs.320 bn inked at Gwalior investors meet
Gwalior, July 29 (IANS) As many as 12 memorandums of understanding worth Rs.320 billion ($7.62 billion) were signed between the Madhya Pradesh government and various industrial houses Tuesday on the first day of the two-day Gwalior investors meet, said Chief Minister Shivraj Singh Chouhan.

Tuesday, July 29, 2008 7:35:38 PM

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