Business News

Last updated: Monday, April 27, 2015 8:00:03 PM

Orissa Mining Corp to slash iron ore prices by 50 percent
Kolkata, Nov 20 (IANS) Public sector mining company Orissa Mining Corp (OMC) will shortly slash prices of iron ore by 40 to 50 percent, a top company official said here Thursday.

Thursday, November 20, 2008 6:21:03 PM

Cabinet approves pay revision for central public sector enterprises
New Delhi, Nov 20 (IANS) The cabinet Thursday approved the recommendations of the second Pay Revision Committee for central public sector enterprises (CPSEs) but there will be no additional cost to the government as the enterprises will bear the cost, a minister said.

Thursday, November 20, 2008 6:11:43 PM

Madras Aluminium Co. cuts production by 60 percent
Chennai, Nov 20 (IANS) Hit by demand slump and high input costs, Madras Aluminium Co. Ltd (Malco), one of the leading integrated aluminium manufacturers in the country, has decided to cut down production by 60 percent.

Thursday, November 20, 2008 6:10:45 PM

India's Sensex down 322 points on dismal global cues
Mumbai, Nov 20 (IANS) Indian equities markets ended deep in the red once again Thursday, with a key index dipping by more than 322 points to finish below the 8,500 mark on very dismal global cues.

Thursday, November 20, 2008 6:05:45 PM

US organisation to promote software asset management in Karnataka
Bangalore, Nov 20 (IANS) The US-based Business Software Alliance (BSA), which promotes a safe and legal digital world, is partnering the state government to promote software asset management (SAM) among small and medium IT and IT-enabled services (ITeS) firms in Karnataka, a official of the trade organisation said Thursday.

Thursday, November 20, 2008 5:53:26 PM

Maruti Suzuki eyeing production of one million cars by 2010
Kolkata, Nov 20 (IANS) Automobile major Maruti Suzuki is targeting an annual production of one million units by 2010, a top company official said here Thursday.

Thursday, November 20, 2008 5:03:37 PM

Assocham hails government steps, says demand picking up
New Delhi, Nov 20 (IANS) Industry lobby, the Associated Chambers of Commerce and Industry of India (Assocham) is greatly appreciative of the steps taken by the government to inject liquidity into the system and said Thursday that as a result of these steps demand has already begun to pick up.

Thursday, November 20, 2008 4:02:30 PM

Government clears Rs.12 bn Idukki package to bring relief to farmers
Idukki (Kerala), Nov 20 (IANS) Hopes have brightened for farmers in Kerala's hill district of Idukki, as the central government Thursday cleared the much-awaited Rs.12-billion package to give a huge boost to the crisis-stricken agriculture sector.

Thursday, November 20, 2008 3:20:14 PM

India's inflation drops further to 8.9 percent
New Delhi, Nov 20 (IANS) Helped by a drop in prices of fuels and manufactured products, India's annual rate of inflation fell further to 8.9 percent for the week ended Nov 8, from 8.98 percent for the week before, fresh data showed Thursday.

Thursday, November 20, 2008 2:40:06 PM

Economic slowdown to impact Titagarh Wagon's revenue target
Kolkata, Nov 20 (IANS) City-based wagon maker Titagarh Wagons Thursday said the economic downturn could derail its Rs.10-billion revenue target this fiscal.

Thursday, November 20, 2008 1:50:55 PM

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