Business News

Last updated: Sunday, October 04, 2015 12:00:03 PM

MCX gets nod to begin stock exchange operations
New Delhi, Oct 31 (IANS) After launching carbon trading and currency futures, the Multi Commodity Exchange (MCX), a leading Indian bourse, has secured the nod from markets watchdog Securities and Exchange Board of India (SEBI) to start stock exchange operations in the country.

Friday, October 31, 2008 10:17:05 AM

Infosys drafts hi-tech plan to check power distribution losses
Bangalore, Oct 31 (IANS) IT major Infosys Technologies Ltd has drawn a road map to transform power distribution and check losses across India.

Friday, October 31, 2008 9:56:07 AM

ONGC net falls 5.7 percent on subsidy burden
New Delhi, Oct 30 (IANS) India's largest oil producer Oil and Natural Gas Corp recorded 5.7 percent fall in net profit in the second quarter this fiscal, due to a two-fold jump in its outgo on fuel subsidies.

Thursday, October 30, 2008 9:49:25 PM

Inflation will moderate in coming months: Plan panel
Bangalore, Oct 30 (IANS) Inflation rate will moderate in the coming months as a result of fiscal and monetary policies taken by the central government and the Reserve Bank of India (RBI), Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Thursday.

Thursday, October 30, 2008 9:48:58 PM

Jet Brussels-New delhi flight diverted to Budapest
New Delhi, Oct 30 (IANS) A Jet Airways flight from Brussels to New Delhi with 200 passengers on board was Thursday diverted to Budapest in Hungary after the pilot detected a snag in one of the aircraft's engines, said an airline official here.

Thursday, October 30, 2008 8:23:30 PM

SREI's second quarter profit dips 21 percent
Kolkata, Oct 30 (IANS) The city-based Infrastructure finance company SREI Infrastructure Finance Ltd has posted a net profit of Rs.261.8 million in the second quarter this fiscal as against Rs.331.8 million in the year-ago period, a decrease of 21 percent.

Thursday, October 30, 2008 8:21:37 PM

Religare Enterprises plans Rs.18 bn 2:3 rights issue
Chennai, Oct 30 (IANS) The New Delhi based integrated financial services group Religare Enterprises Limited (REL) has decided to go ahead with a two for three rights issue despite dismal market conditions, a company spokesperson said here Thursday.

Thursday, October 30, 2008 6:51:37 PM

Orchid Chemicals to acquire US pharma firm
Chennai, Oct 30 (IANS) The city-based bulk drug major Orchid Chemicals and Pharmaceuticals will increase its stake in the American drug discovery and development company Diakron Inc to 51 percent this quarter.

Thursday, October 30, 2008 6:50:54 PM

Haryana to purchase 1,000 new buses
Chandigarh, Oct 30 (IANS) To augment and modernise its existing fleet of buses and infrastructure, Haryana Roadways has decided to purchase 1,000 new buses by the end of 2012.

Thursday, October 30, 2008 6:50:31 PM

Global meet on illegally mined diamonds starts Nov 3
New Delhi, Oct 30 (IANS) Representatives of 74 countries will brainstorm over four days from Nov 3 on issues related to trade in 'conflict diamonds' that are mined and used by rebel groups to finance wars.

Thursday, October 30, 2008 6:47:25 PM

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