Business News

Last updated: Tuesday, September 02, 2014 7:10:04 PM

Andhra Pradesh announces relief, no hike in LPG prices
Hyderabad, June 5 (IANS) Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Thursday announced his government would bear the burden of the fuel price hike and LPG would be continued to be sold at earlier prices. The state is also likely to reduce sales tax on petrol and diesel.

Thursday, June 05, 2008 10:45:13 PM

High Court stays RBI ban on Sahara accepting deposits
Lucknow, June 5 (IANS) The Lucknow bench of the Allahabad High Court Thursday evening stayed a directive by the Reserve Bank of India (RBI) to Sahara India Financial Corp Ltd (SIFCI) not to accept any deposit.

Thursday, June 05, 2008 9:24:50 PM

Tamil Nadu cuts sales tax on diesel by 2 percent
Chennai, June 5 (IANS) In order to provide some cushion against the drastic increase in the fuel prices, the Tamil Nadu government Thursday decided to cut the sales tax on diesel by 2 percent to 21.43 percent.

Thursday, June 05, 2008 9:24:30 PM

SBI forms JV with French bank to provide custodial services
Mumbai, June 5 (IANS) The country's largest commercial bank State Bank of India (SBI) has inked a joint venture (JV) agreement with French financial services firm Societe Generale Securities Services (SGSS).

Thursday, June 05, 2008 9:23:26 PM

Mamata attacks UPA, Left on petrol price hike
Kolkata, June 5 (IANS) Trinamool Congress chief Mamata Banerjee Thursday slammed the Congress-led United Progressive Alliance (UPA) for increasing the prices of petrol, diesel and cooking gas.

Thursday, June 05, 2008 9:04:58 PM

Indiabulls extends Singapore IPO by one day
New Delhi, June 5 (IANS) Indiabulls Real Estate Ltd, which is planning to raise up to S$389 million in an initial public offering (IPO) in Singapore, has extended closing of the issue by one day. The issue was initially scheduled to close Thursday.

Thursday, June 05, 2008 8:49:19 PM

Four percent dip in Ashok Leyland's May sales
Chennai, June 5 (IANS) Hinduja group's commercial vehicle manufacturer Ashok Leyland Ltd has posted a total sales of 5,576 units (domestic 5,161, exports 415) in May 2008, four percent less than 5,804 units sold in May 2007.

Thursday, June 05, 2008 8:23:55 PM

HAL seeks more funds for chopper division
New Delhi, June 5 (IANS) The public-sector Hindustan Aeronautics Ltd (HAL) has sought extra funds for a separate helicopter division and more manpower in a vision document and perspective plan for the next five years presented to the defence minister, an HAL official said Thursday.

Thursday, June 05, 2008 8:21:25 PM

Orissa attracts maximum investment in Q4, West Bengal second
New Delhi, June 5 (IANS) Orissa attracted 30 percent of the total investments committed in Indai in the fourth quarter of 2007-08, the highest among all states, an Associated Chambers of Commerce and Industry of India (Assocham) study released Thursday said.

Thursday, June 05, 2008 8:21:04 PM

BGR Energy bags oil storage tanks order from Iraq
Chennai, June 5 (IANS) Engineering design and fabrication company BGR Energy Systems has bagged a contract worth around $9.2 million to design and manufacture 70 oil product storage tanks for Iraq's State Co for Oil Projects (SCOP).

Thursday, June 05, 2008 8:19:28 PM

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