Business News

Last updated: Friday, April 24, 2015 10:38:03 PM

Chidambaram says interest rate hike was necessary
New Delhi, June 25 (IANS) A day after the Reserve Bank of India (RBI) hiked its short-term lending rate and the minimum cash balance commercial banks have to maintain, Finance Minister P. Chidambaram Wednesday said the steps were necessary to contain inflation that has scaled a 13-year high.

Wednesday, June 25, 2008 12:33:13 PM

Where Lhasa and Tel Aviv co-exist!
Dharamkot (Himachal Pradesh), June 25 (IANS) It takes just Rs.50 ($1) and a 10-minute auto-rickshaw ride to travel from Lhasa to Tel Aviv!

Wednesday, June 25, 2008 11:46:01 AM

Talent crunch in realty industry forcing manpower import
New Delhi, June 25 (IANS) Three years ago, when Singaporean Jeff Teng was approached by a headhunter for an architect's job in India, he turned it down. But a year later, he decided to join the 'India-calling fever' - as Teng puts it - to work with Ansals API at a 'lucrative package'.

Wednesday, June 25, 2008 11:01:30 AM

Markets trading with loss, banking stocks fall in early trade
Mumbai, June 25 (IANS) A day after the CRR hike by Reserve Bank of India, the Indian equities market opened Wednesday with a sharp cut. Banking, realty and PSU stocks were the worst hit.

Wednesday, June 25, 2008 10:48:49 AM

Sensex opens 250 points down
Mumbai, June 25 (IANS) The Indian equities market opened Wednesday with a deep cut.

Wednesday, June 25, 2008 10:26:08 AM

They sit under Delhi's jamun trees with fruit from Gujarat
New Delhi, June 25 (IANS) They may be sitting under jamun trees but, contrary to popular belief, the sellers of the sweet, purple fruit source it from places as far away as Gujarat.

Wednesday, June 25, 2008 10:23:46 AM

LIC eyes 50 percent growth in first premium income
Kolkata, June 24 (IANS) Insurance major Life Insurance Corporation of India (LIC) plans to achieve 50 percent growth in the first premium income (FPI) this fiscal, an official said Tuesday.

Tuesday, June 24, 2008 10:57:45 PM

Cisco unveils social network platform for IT community
Bangalore, June 24 (IANS) Networking major Cisco Tuesday unveiled a social learning network platform for the global IT community aimed at talent development to meet the growing demand for networking skills.

Tuesday, June 24, 2008 10:52:37 PM

Jet Airways lands in turbulent times with huge losses
Mumbai, June 24 (IANS) India's largest private carrier Jet Airways has posted a net loss after tax of $63.26 million (Rs.2.53 billion) during the fiscal year 2008 compared to a net profit of $6.98 million (Rs.279.40 million) for the previous year.

Tuesday, June 24, 2008 10:16:17 PM

Tata acquires more stake in South Africa's Neotel
Mumbai, June 24 (IANS) Telecom major Tata Communications has acquired 30 percent more stake in South Africa's No. 2 telecommunication operator Neotel from two South African state-run firms, Eskom and Transnet.

Tuesday, June 24, 2008 9:40:32 PM

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