Business news

Power cuts turn posh Gurgaon areas into 'urban chaupals'! - Dt( 2008-06-14 00:00:00 )
Gurgaon, June 14 (IANS) Long and frequent power cuts have brought them together and how! The residents of some posh neighbourhoods of Gurgaon have reaped an unexpected bounty after pooling in money fo  more ...

MetroMela launches Hyderabad centric magazine - Dt( 2008-05-27 00:00:00 )
The magazine gives thrust on user generated content that encourage users to share and write about their experience about shopping, food, entertainment, health, wellness, family and kid's issues, said  more ...

Potatoes perish in Gujarat cold storage, farmers cry foul - Dt( 2008-05-27 00:00:00 )
Palanpur (Gujarat), May 27 (IANS) Farmers in Deesa town of north Gujarat, accounting for the highest potato output in the state, are worried after much of their produce stocked at a state-run cold sto  more ...

Now AASU bringing new hope to Assam's youth - Dt( 2008-05-27 00:00:00 )
Having focussed on political and social ills in the past, the student body now wants to concentrate on the economic front. After kick-starting a pilot project to produce potatoes in 1,680 acres of  more ...

Equity markets in positive zone during early trade (Lead) - Dt( 2008-05-27 00:00:00 )
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 16,454.75. At 10.45 a.m., it was at 16,442.00, still a gain of 93.50 points from Monday's closing figure. Ten  more ...

Equities markets open with a small upswing - Dt( 2008-05-27 00:00:00 )
The 30-share benchmark index of the Bombay Stock Exchange, the Sensex, opened with a gain of 87.10 points at 16,454.75. The S&P Nifty index of the National Stock Exchange opened at 4,877.15 points  more ...

'Mittal buying London's costliest house for son' - Dt( 2008-05-23 00:00:00 )
The property on Palace Green - one of the most expensive houses in the world - is close to Kensington Palace Gardens, where steel tycoon Mittal lives. His son Aditya, 32, has been searching for a L  more ...

Indian semiconductor industry to face heat of US recession - Dt( 2008-04-28 00:00:00 )
Bangalore, April 28 (IANS) It is the turn of Indian semiconductor industry to feel the heat of US recession and dollar depreciation after its big brother - the software industry - was jolted by the ti  more ...

Indian engineering players becoming key world players - Dt( 2008-04-28 00:00:00 )
Hannover, April 28 (IANS) India's reputation as a supplier of good quality products is giving a big boost to efforts by its engineering companies to break into the international market. The good respo  more ...

Indian equities open in green - Dt( 2008-04-28 00:00:00 )
Mumbai, April 28 (IANS) The Indian equities market opened Monday in the green, tracking other strong Asian markets that were running higher. The 30-share benchmark index of the Bombay Stock Exchan  more ...

Karnataka Soaps & Detergents to rejig set-up - Dt( 2008-04-28 00:00:00 )
Chennai, April 28 (IANS) Indian cosmetics major Karnataka Soaps & Detergents Ltd (KS&DL) - which produces the fragrant Mysore Sandal soap - is planning to rejig its organisational set-up to ensure hig  more ...

Tough measures expected in RBI's monetary policy - Dt( 2008-04-28 00:00:00 )
Mumbai, April 28 (IANS) With the annual rate of inflation in India ruling at 40-month highs, tough measures to curb money supply are anticipated when the central bank announces its monetary policy for  more ...

'India poised to become major collaborative space power' - Dt( 2008-04-28 00:00:00 )
Chennai, April 28 (IANS) India, already a leader in the remote sensing data domain, is poised to become a major collaborative space power, says an international space competitiveness index study.  more ...

Commercial pirates thrive in Philippines - Dt( 2008-04-26 00:00:00 )
Manila, April 26 (DPA) Every day, vendors of pirated movie and music discs sell their goods under rows of trees along a street in downtown Manila, just a few metres away from a police station and the  more ...

US stocks down on poor earnings forecasts - Dt( 2008-04-23 00:00:00 )
Chipmaker Texas Instruments said profits in the second quarter would fall below analysts' estimates while UnitedHealth cut its profit forecast for the year, though earnings climbed 7.2 percent in the  more ...

A Chennai landmark disappears - and with it a bit of city's history - Dt( 2008-04-21 00:00:00 )
By T.S.V. Hari Chennai, April 21 (IANS) Woodlands Drive-in Restaurant, a landmark of the southern metropolis known for its proximity to the US consulate and the arterial Anna Salai, has ceased to e  more ...

US stocks slip on Merrill Lynch, Pfizer results - Dt( 2008-04-18 00:00:00 )
The investment bank said it would cut another 4,000 jobs amidst the most severe US economic downturn in decades. Stocks fell despite upbeat forecasts at International Business Machines Corp and the  more ...

US stocks surge ahead on earnings from Intel, JP Morgan - Dt( 2008-04-17 00:00:00 )
Intel, the world's largest chip maker, reported a 12-percent drop in first-quarter profits but a nine-percent rise in revenue to $9.7 billion, suggesting the US economic downturn did not significantly  more ...

Chip giant Intel earnings meet expectations - Dt( 2008-04-16 00:00:00 )
The company reported first-quarter net income of $1.4 billion, down 12 percent from the year-ago quarter. Revenue was up nine percent to $9.7 billion. Operating income, before the costs of restruct  more ...

Bankruptcy filings in US up by 38 percent - Dt( 2008-04-16 00:00:00 )
There were 617,660 filings in 2006, a drop from a record two million in the previous years because of new laws that made it more difficult to file for bankruptcy. But the number climbed in 2007 in  more ...