Business News

Last updated: Friday, February 12, 2016 7:30:03 PM

Pradhan assures Rs.130,000 crore for hydrocarbon production in NE
Guwahati, Feb 9 (IANS) Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday that his ministry has proposed investment of Rs.130,000 crore in 15 years to ramp up hydrocarbon production in northeast India.

Tuesday, February 09, 2016 11:34:07 PM

'Collaboration, innovation key to develop blockbuster drugs'
Bengaluru, Feb 9 (IANS) Collaboration and innovation is the key for healthcare and biotechnology companies to develop blockbuster drugs, said leading healthcare experts here on Tuesday.

Tuesday, February 09, 2016 10:32:03 PM

Expenditure in Odisha state plan in priority sector crosses 60 percent
Bhubaneswar, Feb 9 (IANS) The expenditure in priority sectors of the Odisha state plan during 2015-16 financial year crossed 60 percent by the end of January, recording an overall growth of around 29.78 percent over the last fiscal.

Tuesday, February 09, 2016 9:16:03 PM

Essar Oil posts seven times jump in Q3 net at Rs.364 crore
Mumbai, Feb 9 (IANS) India's second largest private refiner, Essar Oil, on Tuesday reported a seven-fold rise in net profit for the third quarter ending December 31, 2015, at Rs.364 crore, compared to Rs.52 crore in the same period a year ago, on the back of record refining margins.

Tuesday, February 09, 2016 9:10:03 PM

Hindalco's standalone Q3 net profit down 89 percent
Mumbai, Feb 9 (IANS) Aditya Birla Group's flagship company Hindalco on Tuesday posted a decline of 88.74 percent in its standalone net profit which stood at Rs.40.46 crore for the third quarter ended December 31, 2015.

Tuesday, February 09, 2016 8:26:05 PM

R.K. Verma takes over as railway board secretary
New Delhi, Feb 9 (IANS) Indian Railways on Tuesday announced that R.K. Verma has assumed charge as the railway board secretary.

Tuesday, February 09, 2016 8:20:04 PM

GAIL Q3 net up 10 percent on more margins, no subsidy payments
New Delhi, Feb 9 (IANS) State-run gas utility GAIL India (GAIL) on Tuesday reported a 10 percent increase in net profit for the third quarter ending December 31, 2015, on the back of greater margins, as well as exemption from payment of fuel subsidy,

Tuesday, February 09, 2016 8:08:03 PM

Labour unrest forces Tata Marcopolo to declare lockout
Dharwad (Karnataka), Feb 9 (IANS) With about 2,500 workers remaining adamant on returning to work only with a wage hike, Tata Marcopolo Motors Ltd has declared lock out at its plant here to minimize further losses.

Tuesday, February 09, 2016 8:04:04 PM

SAIL posts Q3 net loss of over Rs.1,500 crore
Mumbai, Feb 9 (IANS) Steel Authority of India (SAIL) on Tuesday reported a net loss of Rs.1,528.73 crore for the third quarter (Q3) of the current fiscal.

Tuesday, February 09, 2016 7:52:03 PM

More surveys on call drops, broadband push via cable: TRAI (Roundup)
New Delhi, Feb 9 (IANS) In a bid to tackle the issue of call drops, the telecom watchdog will hold a survey again in April in a couple of more cities, while also mulling over use of cable connections to deliver broadband.

Tuesday, February 09, 2016 7:50:04 PM

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