The Steel Authority of India Ltd (SAIL) and the Shipping Corporation of India (SCI) will float a joint venture company to facilitate import of coking coal for SAIL.
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Tuesday, July 1
Steel Authority, Shipping Corp to float joint venture firm
by
Bhavesh
on Tue 01 Jul 2008 06:22 PM IST
UCO Bank waives Rs.26 bn in farm loans
by
Bhavesh
on Tue 01 Jul 2008 05:12 PM IST
Kolkata-based UCO Bank has waived agriculture loans totalling Rs.26.25 billion, its chairman and managing director S.K. Goyal has said.
Market trading with loss in afternoon trade
by
Bhavesh
on Tue 01 Jul 2008 05:03 PM IST
The Indian equities market was trading with loss in afternoon trade amidst volatility. Banking, realty and oil and gas were under selling pressure.
Hit by airlines, travel portals try new revenue options
by
Bhavesh
on Tue 01 Jul 2008 04:56 PM IST
Indian travel agents have begun reworking their revenue streams after a funds crunch forced three leading airlines to scrap their commission.
Indian basmati set to enter China, Mexico
by
Bhavesh
on Tue 01 Jul 2008 04:37 PM IST
Indian basmati rice will shortly enter the kitchens in China and Mexico.
State Bank may increase interest rates again
by
Bhavesh
on Tue 01 Jul 2008 04:33 PM IST
India's leading public sector bank, the State Bank of India (SBI), could once again increase its interest rates including that for loans for housing and consumer durables, its chairman O.P. Bhatt indicated here Tuesday.
Tata Motors sales up seven percent
by
Bhavesh
on Tue 01 Jul 2008 04:32 PM IST
Tata Motors has notched a growth of seven percent in its June sales, though its export figures dipped by 37 percent.
Mouchel appointed infrastructure consultant for Smart City
by
Bhavesh
on Tue 01 Jul 2008 04:25 PM IST
UK-based consulting company Mouchel has been appointed as infrastructure design and implementation consultant of the Rs.15 billion ($357 million) Smart City project to be developed here.
Market trading flat in early trade
by
Bhavesh
on Tue 01 Jul 2008 04:21 PM IST
The Indian equities market, which opened with a gain Tuesday, was trading flat in early trade.
TVS Motor's June sales up two percent
by
Bhavesh
on Tue 01 Jul 2008 04:15 PM IST
City-based two-wheeler manufacturer TVS Motor Co Tuesday announced that it has sold 109,082 vehicles in June 2008 compared to 107,177 units in the year-ago period, a two percent growth.
Prices of several essential products falling
by
Bhavesh
on Tue 01 Jul 2008 04:13 PM IST
Despite 11.42 percent inflation, a 13-year high, prices of a number of essential articles showed a declining trend in the week ended June 14, the finance ministry said here Tuesday.
Union Bank completes farm loan-waiver process
by
Bhavesh
on Tue 01 Jul 2008 04:10 PM IST
Union Bank of India (UBI) Tuesday announced that it has completed the process of waving farm loans across 1,600 rural, semi-urban and urban branches all over India before the June 30.
BGR Energy bags Rs.31 bn contract in Tamil Nadu
by
Bhavesh
on Tue 01 Jul 2008 04:06 PM IST
Energy equipment supplier BGR Energy Systems Ltd Tuesday announced it has bagged an engineering procurement construction (EPC) contract worth Rs.31 billion from Tamil Nadu Electricity Board.
Hindustan Construction bags Rs.3.4-bn highway project
by
Bhavesh
on Tue 01 Jul 2008 03:56 PM IST
Infrastructure firm Hindustan Construction Co. (HCC) has bagged a Rs.3.4-billion project to build an elevated highway over the busy section between the national capital and its industrial satellite city Faridabad.
India's export growth dips to 12.9 percent
by
Bhavesh
on Tue 01 Jul 2008 03:50 PM IST
The growth in India's merchandise exports dipped to 12.9 percent for May to $13.78 billion, against $12.21 billion for the like month of the previous year, official trade data showed Tuesday.
Reva creator Maini sees power shift for automobiles
by
Bhavesh
on Tue 01 Jul 2008 03:47 PM IST
As the world rues high fuel prices, the man behind India's first battery driven car Chetan Maini says electric cars will overtake their gasoline and diesel-powered counterparts over the next 15 years.
New chairman for Central Board of Direct Taxes
by
Bhavesh
on Tue 01 Jul 2008 03:45 PM IST
Narendra Bahadur Singh, a member of the Indian Revenue Service (IRS), has taken over as the chairman of the Central Board of Direct Taxes (CBDT).
Ansal API's net profit up by over 31 percent
by
Bhavesh
on Tue 01 Jul 2008 03:42 PM IST
Realty major Ansals API's net annual profit for 2007-08 has gone up 31.32 percent, from Rs.1.32 billion registered in the last fiscal to Rs.1.74 billion, it announced Tuesday.
Gulf Air to add three new destinations every year
by
Bhavesh
on Tue 01 Jul 2008 03:38 PM IST
Bahrain's national carrier Gulf Air, which launched its services to Hyderabad Tuesday, announced plans to add three new destinations to its network every year.
Godrej ties up with Tyson to tap Indian poultry market
by
Bhavesh
on Tue 01 Jul 2008 03:17 PM IST
With an eye on the $3 billion Indian poultry market, Godrej Agrovet Ltd has signed a joint venture with US-based Tyson Foods Incorporated, one of the world's largest meat processors and marketers. Click here to view the complete article
Two mn litres of fuel to be available in Tamil Nadu
by
Bhavesh
on Tue 01 Jul 2008 02:51 PM IST
Two million litres of fuel will be supplied across Tamil Nadu to overcome the acute shortage of petrol and diesel in the state, a government official said Tuesday.
Power Finance Corp lends Rs.100 bn to NTPC
by
Bhavesh
on Tue 01 Jul 2008 02:47 PM IST
Power Finance Corp Ltd (PFC) has sanctioned a loan of Rs.100 billion ($2.4 billion) to National Thermal Power Corp (NTPC) to fund its capacity expansion programme.
Cuba asks India to take part in refinery project
by
Bhavesh
on Tue 01 Jul 2008 01:56 PM IST
Cuba has invited Indian companies to take part in a new refinery project even as both countries are set to sign an agreement on cooperation in the oil and gas sector.
CESC posts net profit decline in 2007-08
by
Bhavesh
on Tue 01 Jul 2008 01:55 PM IST
CESC Ltd has posted a decline in profit after tax (PAT) at Rs.6.27 billion for the financial year ended March 31, 2008 compared to Rs 6.37 billion during the previous year.
Hyundai Motors posts 45.3 percent growth in June
by
Bhavesh
on Tue 01 Jul 2008 01:50 PM IST
India's second-largest passenger car manufacturer Hyundai Motors India Ltd (HMIL) has sold 40,182 units during June this year -- up 45.3 percent over the corresponding period last year.
Subhash Projects eyes Rs 10 bn incremental business
by
Bhavesh
on Tue 01 Jul 2008 01:46 PM IST
Engineering construction and project management company Subhash Projects & Marketing Ltd (SPML) plans to generate Rs.10 billion incremental business from urban infrastructure.
Chennai fuel shortage will end soon, says official
by
Bhavesh
on Tue 01 Jul 2008 01:17 PM IST
The acute shortage of petrol and diesel in the city would ease and become normal by Tuesday evening as oil tankers would be arriving at the port shortly, a senior oil company official said here Tuesday.
Market crashes again, loses 500 points
by
Bhavesh
on Tue 01 Jul 2008 01:10 PM IST
Bears took full control of the Indian bourses as the equities market plunged again following huge sell-off in European markets. Realty, banking, oil and gas were the worst hit.
Norka-Roots to set up Rs.150 mn residential school in Kerala
by
Bhavesh
on Tue 01 Jul 2008 12:33 PM IST
Fulfilling a long-standing wish of the Kerala diaspora, Norka-Roots, a state government organisation that caters to the needs of non-resident Keralites and NRK returnees.
Union Bank plans major overseas expansion
by
Bhavesh
on Tue 01 Jul 2008 12:28 PM IST
The state-owned Union Bank of India (UBI) is planning a major overseas expansion after opening representative offices in Abu Dhabi in the United Arab Emirates (UAE) and Shanghai in China last year, a newspaper report said.
Bank of Baroda expects higher loan, deposit portfolio
by
Bhavesh
on Tue 01 Jul 2008 11:17 AM IST
Bank of Baroda expects to register a 27 percent growth in loans and 24 percent growth in deposits in the first quarter of the current fiscal, a top official said here Tuesday.
Hike in OBC creamy layer criterion recommended
by
Bhavesh
on Tue 01 Jul 2008 11:11 AM IST
The National Commission for Backward Classes (NCBC) Tuesday submitted its report to the government, recommending an income level limit of Rs.460,000 a year to define the 'creamy layer', or the better-off, among the Other Back.
Highways Authority awards Rs.3.4 bn contract
by
Bhavesh
on Tue 01 Jul 2008 10:59 AM IST
Hindustan Construction Co. Ltd, an infrastructure development company, has bagged a Rs.3.4 billion order from the National Highways Authority of India (NHAI) to construct a highway near here, the company announced Tuesday.
Steel Authority to maintain prices in July
by
Bhavesh
on Tue 01 Jul 2008 10:47 AM IST
The state-run Steel Authority of India Ltd (SAIL) Tuesday said it will maintain its prices for the domestic market during July, and has asked its dealers to ensure the same for consumers. |
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