Business News

Last updated: Tuesday, September 16, 2014 9:44:04 AM

IDBI to enter mutual funds business
Kolkata, July 25 (IANS) The IDBI Bank Ltd is planning to enter the mutual fund business, a top bank official said here Friday.

Friday, July 25, 2008 7:30:36 PM

Telecom watchdog calls for digitisation of cable television
New Delhi, July 25 (IANS) The Telecom Regulatory Authority of India (TRAI) Friday forwarded its guidelines for the digitization of cable television networks to the information and broadcasting ministry.

Friday, July 25, 2008 6:56:01 PM

Reliance Natural Resources posts Rs.160 mn profit
Mumbai, July 25 (IANS) The Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) has posted a net profit of Rs.160 million ($3.7 million) in the first quarter this fiscal, compared to Rs.150 million in the corresponding period last year.

Friday, July 25, 2008 6:28:56 PM

Corporate heads see economic growth sliding to 7.6 percent
New Delhi, July 25 (IANS) Indian business leaders feel economic growth in 2008-09 will not surpass 7.6 percent, a survey report released by an apex Indian industry body Friday said.

Friday, July 25, 2008 6:26:03 PM

India Inc worried, equities fall as blasts rock Bangalore
New Delhi, July 25 (IANS) A series of bomb blasts in India's software hub Bangalore Friday sent equity markets crashing, even as the corporate sector expressed worries over its impact on the country's $65 billion IT industry that houses companies like Infosys, Wipro, Intel, Microsoft and Yahoo!.

Friday, July 25, 2008 5:32:07 PM

Bangalore blasts, weak global markets hit equity market hard
Mumbai, July 25 (IANS) The Indian equities market ended the last day of the trading session with a huge loss amid negative cues from global markets and the serial blasts in the IT city Bangalore which further dampened investor sentiment Friday. Banking, realty and oil and gas stocks were worst hit.

Friday, July 25, 2008 5:26:41 PM

Union Bank net up 1.33 percent to Rs.2.28 bn
Mumbai, July 25 (IANS) Union Bank of India has announced a net profit of $57 million (Rs.2.28 billion) during the first quarter this fiscal, compared to $56.25 million (Rs.2.25 billion) in the corresponding period of the previous year, recording a growth of 1.33 percent.

Friday, July 25, 2008 4:09:40 PM

Sensex closes 503 points down (Third Lead)
Mumbai, July 25 (IANS) The Indian equities market closed deep in red Friday.

Friday, July 25, 2008 4:07:11 PM

Tata Power net up to $47.63 mn in first quarter
Mumbai, July 25 (IANS) Tata Power Co Ltd Friday announced a net profit $47.63 million (Rs.1.9 billion) during the first quarter this fiscal, compared to $47.5 million (Rs.1.9 billion) in the corresponding period the previous year.

Friday, July 25, 2008 4:00:48 PM

Passengers of bird-hit Air Mauritius plane stranded in Delhi
New Delhi, July 25 (IANS) A day after an Air Mauritius plane caught fire while taking off from the international airport here, the 241 passengers remained stranded in the national capital Friday.

Friday, July 25, 2008 4:00:31 PM

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