Business News

Last updated: Wednesday, November 25, 2015 5:32:04 PM

Coal India posts Rs.96 crore profit in 2008-09
Kolkata, May 21 (IANS) Coal India Ltd (CIL) has posted net profit of Rs.96 crore in 2008-09 against a profit of Rs.5,243 crore the year before, a top company official said here Thursday.

Thursday, May 21, 2009 5:02:36 PM

Foreign funds investment crosses $3-bn mark
Mumbai, May 21 (IANS) Foreign inflow of money into Indian equity markets has crossed the $3-billion mark, with as much as $2 billion coming in the last five trading sessions, data with the market regulator showed.

Thursday, May 21, 2009 4:39:36 PM

Sistema Shyam hoping to sell IT infrastructure to IBM
Kolkata, May 21 (IANS) Telecom operator Sistema Shyam Teleservices is planning to outsource a portion of its Internet infrastructure to global IT behemoth IBM, and hopes to sew up the deal some time next year, people aware of the development say.

Thursday, May 21, 2009 4:32:29 PM

India's growth outlook dim despite stability: Moody's
New Delhi, May 21 (IANS) Despite the political stability promised by the Congress-led coalition's resounding win at the recent parliamentary polls, the outlook remains dim for the Indian economy till 2010, says the economic intelligence arm of global rating agency Moody's.

Thursday, May 21, 2009 4:17:31 PM

Hyundai launches Accent model to run on cooking gas
New Delhi, May 21 (IANS) Hyundai Motors Thursday launched an LPG variant of its popular mid-sized sedan Accent, complementing the existing petrol, diesel and CNG variants already available.

Thursday, May 21, 2009 3:59:31 PM

Bajaj Auto net slips 13.2 percent
Mumbai, May 21 (IANS) The country's second largest two-wheeler maker, Bajaj Auto, Thursday reported a 13.2-percent decline in net profit for 2008-09 while managing a 7.8 percent increase in fourth quarter profitability.

Thursday, May 21, 2009 3:54:42 PM

State-run firms tie up to secure coal supplies abroad
Mumbai, May 21 (IANS) State-run energy firms have floated a joint venture for overseas acquisition of coal mines and securing cooking and thermal coals supplies.

Thursday, May 21, 2009 3:41:05 PM

Sensex closes 323 points down
Mumbai, May 21 (IANS) A key index of the Indian equity markets ended trade in the red as consolidation set in Thursday.

Thursday, May 21, 2009 3:40:53 PM

Wal-Mart set to open its first Indian wholesale outlet
New Delhi, May 21 (IANS) Wal-Mart, the world's largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, company officials said.

Thursday, May 21, 2009 2:47:31 PM

Sistema Shyam launches CDMA services in Kolkata
Kolkata, May 21 (IANS) Telecom operator Sistema Shyam Teleservices, a joint venture between Russia's Sistema and India's Shyam group, Thursday launched its CDMA services for the West Bengal circle, and said it would invest $150 million in this telecom service area over the next four years.

Thursday, May 21, 2009 2:25:38 PM

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