Business News

Last updated: Thursday, December 18, 2014 11:34:09 PM

Aviation fuel price goes up again, but no fare hike now
New Delhi, July 31 (IANS) State-run oil companies Thursday hiked aviation turbine fuel (ATF) prices by 2.8 percent, but airline operators said they will wait and watch the market situation before taking a decision on raising airfares.

Thursday, July 31, 2008 10:29:28 PM

IDBI hikes lending rates by 50 basis points
Mumbai, July 31 (IANS) IDBI Bank hiked lending rate by 50 basis points (bps) Thursday a few days after the Reserve Bank of India (RBI) raised cash reserve ratio and repo rate.

Thursday, July 31, 2008 10:28:57 PM

Reliance Communications profits up 24 percent
Mumbai, July 31 (IANS) Reliance Communications, the flagship telecom services company of the Anil Dhirubhai Ambani Group, Thursday reported a 23.9 percent jump in net profits at $352 million for the first quarter ended June 30.

Thursday, July 31, 2008 8:44:24 PM

ICICI hikes lending, fixed deposit rates
Mumbai, July 31 (IANS) The country's largest private-sector lender ICICI Bank has raised lending rate by 75 basis points (bps) effective from Friday after the Reserve Bank of India (RBI) tightened the monetary policy earlier this week.

Thursday, July 31, 2008 8:43:17 PM

Government to revamp power sector reforms
New Delhi, July 31 (IANS) The government Thursday decided to revamp the Accelerated Power Development and Reforms Programme (APDRP) aimed at reducing commercial and other losses of power companies.

Thursday, July 31, 2008 8:39:26 PM

New metals, menthol, jute contracts launched
Ahmedabad, July 31 (IANS) The National Multi-Commodity Exchange (NMCE) has launched new series for futures contract in non-ferrous metals, menthol crystal and raw jute. All new contracts will be available for trading on NMCE e-platforms beginning Thursday.

Thursday, July 31, 2008 8:06:57 PM

Paswan asks steel industry to hold prices
New Delhi, July 31 (IANS)Steel Minister Ram Vilas Paswan said Wednesday that the steel industry would not raise prices even after Aug 7, the agreed deadline for holding prices, keeping the national interest in mind.

Thursday, July 31, 2008 8:06:13 PM

Himachal High Court dismisses Reliance Energy plea
Shimla, July 31 (IANS) The Himachal Pradesh High Court Thursday dismissed a petition filed by Indian energy major Reliance Energy challenging the allotment of a multi-million dollar hydro power project by the state government to Brakel Corp NV of the Netherlands.

Thursday, July 31, 2008 8:04:57 PM

Cancel licences of telemarketing firms calling unsolicited - government told
New Delhi, July 31 (IANS) The Supreme Court Thursday ordered the Union government to cancel the licences of all telemarketing firms which have failed to get themselves registered with the telecom ministry pledging not to make any unsolicited call to prospective customers.

Thursday, July 31, 2008 7:54:42 PM

NALCO's profit up by 17.6 percent
Bhubaneswar, July 31 (IANS) National Aluminium Co Ltd (NALCO), India's second largest aluminum producer, Thursday announced profit after tax of Rs.5.25 billion ($125 million) for the first quarter this fiscal against Rs.4.47 billion in the same period last year, a growth of 17.6 percent.

Thursday, July 31, 2008 7:53:55 PM

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