Business News

Last updated: Thursday, October 23, 2014 8:58:08 PM

RBI governor says inflation unexpectedly high
Mumbai, March 31 (IANS) Reserve Bank of India (RBI) Governor Y.V. Reddy Monday said the inflation rate was unexpectedly high and the central bank 'if necessary after due assessment, will take immediate action to contain it'.

Monday, March 31, 2008 8:25:00 PM

SEBI for ban on buying, selling tips
Mumbai, March 31 (IANS) In a move to guard insider trading, market regulator Securities Exchange Board of India (SEBI) Monday proposed to ban brokers from recommending shares to investors based on subjective and arbitrary information.

Monday, March 31, 2008 8:04:42 PM

Oberoi to expand Trident Hotel brand overseas
Mumbai, March 31 (IANS) The Oberoi Group will re-brand its Trident Hilton chain of boutique hotels as Trident hotels and expand the brand in India and abroad, said chairman P.R.S. Oberoi here Monday.

Monday, March 31, 2008 7:51:07 PM

Deccan adds 18 new flights in summer schedule
Mumbai, March 31 (IANS) Low-cost carrier Deccan has added 18 new flights as part of its 2008 summer schedule, the company said Monday.

Monday, March 31, 2008 7:38:02 PM

India extends disputed export incentive scheme
New Delhi, March 31 (IANS) A popular export incentive scheme in India, challenged at the World Trade Organisation (WTO), has been given another extension, as the commerce ministry is yet to finalise an alternative mechanism, officials said.

Monday, March 31, 2008 7:35:46 PM

Government urged to slash olive oil import duty
New Delhi, March 31 (IANS) The Indian Olive Association (IOA) has regretted that its appeal to the central government to abolish the import duty on olive oil has been ignored though tariffs on almost all crude and refined oils have been sharply reduced.

Monday, March 31, 2008 7:35:19 PM

Air India begins direct Bangalore-Dubai flight
Bangalore, March 31 (IANS) State-run national carrier Air India (AI) Monday began a direct service from Bangalore to Dubai in the United Arab Emirates (UAE) to meet the growing demand for flights between the two prominent destinations.

Monday, March 31, 2008 7:23:53 PM

Powergrid to get $600 mn from World Bank
Mumbai, March 31 (IANS) The Power Grid Corp of India Ltd (Powergrid) signed a loan agreement with the World Bank (WB) for $600 million March 28, the firm announced Monday.

Monday, March 31, 2008 6:31:24 PM

Powergrid signs $400 mn loan agreement with ADB
Mumbai, March 31 (IANS) The Power Grid Corp of India Ltd (Powergrid) has signed a loan agreement with the Manila-based Asian Development Bank (ADB) for $400 million, the firm said Monday.

Monday, March 31, 2008 6:19:02 PM

LIC's Kerala housing project caught in a legal tangle
Thiruvananthapuram, March 31 (IANS) An ambitious housing project in Kerala by the insurance giant Life Insurance Corporation (LIC) is yet to take off, tangled as it is in legal problems, over a year after the project's foundation stone was laid.

Monday, March 31, 2008 6:18:27 PM

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