Business News

Last updated: Thursday, March 05, 2015 9:34:04 PM

Tata Power, L&T eye stake in Himachal hydro projects
Shimla, July 29 (IANS) Corporate giants Tata Power, Larsen and Toubro (L&T), GMR Infrastructure and DCM Shriram are among companies eyeing a stake in hydro power projects in Himachal Pradesh, a senior official said Tuesday.

Tuesday, July 29, 2008 2:46:04 PM

India's central bank cracks the whip on inflation
Mumbai, July 29 (IANS) In a bid to contract the money supply and tame inflation, India's central bank Tuesday hiked a key lending rate and the minimum cash banks have to retain against deposits, in a move that is expected to make loans for homes, consumer durables and the corporate sector dearer.

Tuesday, July 29, 2008 2:44:37 PM

Fiscal measures will check inflation, says finance ministry
New Delhi, July 29 (IANS) The finance ministry said the upward revision of the cash reserve ratio (CRR) and repo rate by the central Reserve Bank of India (RBI) Tuesday would help in 'moderating and containing inflation".

Tuesday, July 29, 2008 2:41:39 PM

Reliance Infrastructure signs pact with Chinese firm
New Delhi, July 29 (IANS) Reliance Infrastructure Ltd, a part of the Anil Dhirubhai Ambani Group (ADAG), has signed an agreement with Shanghai Electric Corp of China to tap business opportunities in the Indian power sector, the company announced Tuesday.

Tuesday, July 29, 2008 2:39:26 PM

ABB bags Rs.4.5-bn smelter order from Vedanta
New Delhi, July 29 (IANS) Power and automation technology company ABB India has bagged a Rs.4.55-billion smelter order to supply automation and power products, systems and solution to Vedanta Aluminium for expansion of its aluminium smelter plant at Jharsuguda in Orissa.

Tuesday, July 29, 2008 1:42:04 PM

Equity markets slump after central bank hikes repo rate
Mumbai, July 29 (IANS) Indian equity markets slumped Tuesday after the Reserve Bank of India raised the repo rate by 50 basis points at its monetary policy announced late in the morning. Capital goods, realty and banking stocks were under heavy selling pressure.

Tuesday, July 29, 2008 1:32:39 PM

Ranbaxy posts Rs.1.6 bn profit in last quarter
New Delhi, July 29 (IANS) India's largest drug manufacture Ranbaxy Laboratories announced Tuesday a net profit of Rs.1.6 billion ($39 million) on a consolidated basis in the second quarter of this year ending June 30, exactly the same gain made in the comparable period last year. The firm starts its accounting year Jan 1.

Tuesday, July 29, 2008 1:26:38 PM

Delhi's water crisis is set to explode
New Delhi, July 29 (IANS) Water is becoming a scarce commodity in the Indian capital that is home to some 16 million people and the crisis is going to worsen in the coming years, leading to more conflicts and pollution, warns a new study.

Tuesday, July 29, 2008 12:55:25 PM

Highlights of India's monetary policy review
Mumbai, July 29 (IANS) Following are the highlights of India's monetary policy review conducted by Reserve Bank Governor Y.V. Reddy Tuesday, against the backdrop of inflation rate ruling at a 13-year high and signs of a slowdown in economic growth:

Tuesday, July 29, 2008 12:45:05 PM

India's central bank hikes cash reserve ratio by 25 basis points
Mumbai, July 29 (IANS) India's central bank Tuesday hiked the minimum cash commercial banks have to retain against their deposits by 25 basis points even as it said the inflation rate will start falling from the fourth quarter of this fiscal.

Tuesday, July 29, 2008 12:34:18 PM

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