Business News

Last updated: Thursday, August 21, 2014 5:36:12 PM

Topsgrup buys 51 percent stake in UK security firm
Mumbai, May 29 (IANS) City-based private security agency Topsgrup has acquired 51 percent stake in the UK-based security service provider the Shield Guarding Company Ltd for an all-cash deal of $31.25 million (Rs.1.25 billion).

Thursday, May 29, 2008 4:54:01 PM

Equities markets head south once more
Mumbai, May 29 (IANS) The Indian equities markets, which oscillated between positive and negative zones through much of Thursday, went down steeply in the last hour of trade and ended a long way down.

Thursday, May 29, 2008 4:41:19 PM

Sensex ends over 200 points in the red
Mumbai, May 29 (IANS) The Indian equities markets closed deep in the red Thursday.

Thursday, May 29, 2008 4:29:47 PM

Power Trading Corp to raise $500 mn
New Delhi, May 29 (IANS) Power Trading Corp of India (PTC) would raise $500 million for its energy fund, said a top official here Thursday.

Thursday, May 29, 2008 4:25:25 PM

Videocon to set up hydropower plant in Uttarakhand
New Delhi, May 29 (IANS) The Videocon group is planning to set up a 1,000 MW hydropower plant in Uttarakhand, a top company official said here Thursday.

Thursday, May 29, 2008 4:10:17 PM

India-Bangladesh trade snapped as traders stage protest
Agartala, May 29 (IANS) Bilateral trade between India and Bangladesh through the northeast remained suspended for the sixth day Thursday with traders continuing a strike to demand improvement in infrastructure.

Thursday, May 29, 2008 4:06:58 PM

India's cabinet to decide fuel price hike Friday
New Delhi, May 29 (IANS) A meeting of India's cabinet is scheduled here Friday to take a final call on hiking prices of transport and cooking fuels and how to help state-run retailers to avert a crisis due to high cost of crude.

Thursday, May 29, 2008 4:05:11 PM

South African Airways to increase flights
Mumbai, May 29 (IANS) South African Airways will be adding one more flight from Mumbai, making it five flights per week from October this year.

Thursday, May 29, 2008 3:40:04 PM

'Tier 1 Indian cites to lose IT jobs to tier 2 cities'
Kochi, May 29 (IANS) In five years, 1.7 million jobs in Information Technology (IT) sector in India will move out of tier 1 cities like Delhi, Mumbai, Pune, Bangalore and Hyderabad, to tier 2 cities, Siddhartha Bhattacharya, Infopark's chief executive officer, said here.

Thursday, May 29, 2008 3:39:38 PM

HPCL net profit drops by almost a quarter
Mumbai, May 29 (IANS) Public sector oil major Hindustan Petroleum Corporation Limited (HPCL) has posted a net profit of Rs.13.46 billion for the financial year 2007-08, a 24.36 percent drop from the Rs.16.74 billion net profit in the previous year.

Thursday, May 29, 2008 2:40:23 PM

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