Business News

Last updated: Monday, April 27, 2015 10:08:03 AM

ONGC's last quarter net profit dips
Mumbai, June 25 (IANS) State-owned oil and gas company Oil and Natural Gas Commission (ONGC) has seen its net profit for the quarter ended March 31 dipping to Rs.26.27 billion, from Rs.26.81 billion posted in the quarter ended March 31, 2007.

Wednesday, June 25, 2008 4:02:58 PM

Industry critical of hike in repo rate, CRR
New Delhi, June 25(IANS) Industry lobbies have criticised the Reserve Bank of India's (RBI) move Tuesday to increase the repo rate and cash reserve ratio.

Wednesday, June 25, 2008 4:01:16 PM

Banks likely to hike PLR, loans to be dearer
Mumbai, June 25 (IANS) Commercial banks are likely to raise prime lending rates (PLR) after the Reserve Bank of India (RBI) Tuesday hiked both the repo rate and cash reserve ratio to combat inflation, top bankers said.

Wednesday, June 25, 2008 4:00:35 PM

Indian economy to slow after RBI rate hikes: Moody's
New Delhi, June 25 (IANS) India's growth rate will moderate to 7.6 percent during the current fiscal from nine percent a year ago due to deflationary measures of the central bank, global rating agency Moody's said Wednesday.

Wednesday, June 25, 2008 3:54:49 PM

Features of India's first battery-powered car - REVAi (To go with India's first electric car Reva launched in Delhi)
New Delhi, June 25 (IANS) Following are some of the main features of India's first battery-powered car that was launched in the national capital by Chief Minister Sheila Dikshit Wednesday:

Wednesday, June 25, 2008 2:00:36 PM

India's first electric car Reva launched in Delhi
New Delhi, June 25 (IANS) After 13 years of research and development, India's first electric car 'Reva' was launched in the national capital by Delhi Chief Minister Sheila Dikshit Wednesday morning.

Wednesday, June 25, 2008 1:56:21 PM

GMR acquires 50 percent in Dutch firm for $1 bn
New Delhi, June 25 (IANS) Infrastructure developer GMR Wednesday announced it has acquired a 50 percent stake in Dutch power utility InterGen NV for $1.1 billion.

Wednesday, June 25, 2008 1:55:11 PM

India's first 'women-IIT' being set up in Maharashtra
Nagpur, June 25 (IANS) Even as there is talk about starting new Indian Institutes of Technology (IITs) and increasing the number of seats in the existing ones, a move is afoot to open the country's first all-women engineering and technology-oriented institute in Amravati, President Pratibha Patil's hometown in Maharashtra.

Wednesday, June 25, 2008 1:41:19 PM

Markets trading flat, Nifty in green
Mumbai, June 25 (IANS) The Indian equities market made some recovery in the afternoon trade and were trading flat Wednesday. The market had opened with a sharp cut reacting to the apex bank's CRR hike Tuesday.

Wednesday, June 25, 2008 12:56:02 PM

Idea Cellular to buy 40 percent stake in Spice Telecom
Mumbai, June 25 (IANS) India's fifth largest cellular operator Idea Cellular Wednesday formally announced it would pick up 40.8 percent stake in Spice Communications Ltd at Rs.77.30 per share.

Wednesday, June 25, 2008 12:53:34 PM

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