Business News

Last updated: Wednesday, November 25, 2015 10:50:04 PM

Workers protest Birla Tyres factory shutdown
Bhubaneswar, Jan 20 (IANS) More than 1,000 workers of a Birla Tyres unit in Orissa Tuesday staged a demonstration in protest against the temporary shutdown of the facility, the police said.

Tuesday, January 20, 2009 7:41:29 PM

Third day of questioning for Satyam's Raju
Hyderabad, Jan 20 (IANS) Investigators quizzed disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and two other former top executives of the company for the third day Tuesday in connection with the Rs.70 billion (Rs.7,000 crores/$1.43 billion) fraud.

Tuesday, January 20, 2009 7:28:13 PM

Satyam has buyout offers from Indian, foreign firms
New Delhi, Jan 20 (IANS) The IT bellwether Satyam Computer Services, embroiled in a Rs.70 billion ($1.7 billion) financial scam, has received buyout offers from both domestic and foreign firms, its new board member Tarun Das said Tuesday.

Tuesday, January 20, 2009 7:21:41 PM

Shipping Corp not to place any new order till March
Kolkata, Jan 20 (IANS) Despite the global economic slowdown, the cost of making ships has not come down which has made Shipping Corp of India (SCI) decide not to place orders for new vessels till March, a top company official said here Tuesday.

Tuesday, January 20, 2009 7:07:58 PM

Navy to buy five Israeli balloon radars for coastal watch
New Delhi, Jan 20 (IANS)In the wake of the Mumbai terror attacks, the Indian Navy, for the first time, is buying five radars mounted on tethered balloons as part of its efforts to make the country's 7,516-km long coastline impregnable, an official said.

Tuesday, January 20, 2009 7:02:12 PM

HT Media net profit down 79 percent
Mumbai, Jan 20 (IANS) HT Media, which publishes leading dailies like Hindustan Times and Mint, Tuesday reported a sharp drop of 79 percent in its net profit during the third quarter of this fiscal.

Tuesday, January 20, 2009 6:46:24 PM

Polaris to double revenue from insurance vertical
Chennai, Jan 20 (IANS) The city-based banking software major Polaris Software Lab hopes to double its revenue to $40 million next year from insurance vertical following the acquisition of US-based insurance product and component services player SEEC Inc., said a top company official here Tuesday.

Tuesday, January 20, 2009 6:43:36 PM

Coca Cola, SOS Villages to take on rainwater harvesting
New Delhi, Jan 20 (IANS) Coca Cola India and SOS Children's Villages of India will jointly undertake rainwater harvesting to ensure sustainable water resources in 39 SOS villages across the country.

Tuesday, January 20, 2009 6:40:01 PM

India to grow at 5.8 percent next fiscal: Goldman Sachs
New Delhi, Jan 20 (IANS) India's economic growth will fall to 5.8 percent and inflation to one percent in the next fiscal, a leading global consultancy said in a report released Tuesday.

Tuesday, January 20, 2009 6:33:27 PM

Civic agency to protect 44 more Delhi streets against sealing
New Delhi, Jan 20 (IANS) In an attempt to safeguard interests of 10,000 shopkeepers of the capital, the Municipal Corporation of Delhi (MCD) Tuesday announced that 44 additional pedestrian, commercial and mixed use streets will be protected from sealing.

Tuesday, January 20, 2009 6:21:03 PM

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