Frowning on real estate developers who refuse to pay compensation for delayed deliveries, a court here has fined leading builders Ansal Properties and Infrastructure (API) Rs.2.73 million (Rs. 27.3 lakhs) for not handing over an apartment on time.

The Indian equities market Thursday opened in green.

Opening up of the Indian economy and globalisation are taking a heavy toll on the state-run research and development (R and amp;D) institutions, with scientists and engineers, across the board, quitting in droves for greener pastures, a top aerospace official said here late Wednesday.

The Maharashtra government Wednesday decided to engage a state-run agency to construct the proposed Mumbai Trans-Harbour Link (MTHL), envisioned as one of the world's longest sea bridges, rather than choose one of the two remaining bidders - Mukesh Ambani and Anil Ambani.

Anil Ambani's Reliance Big Entertainment (RBE) is planning to venture into Bollywood in a big way and has joined hands with superstar Amitabh Bachchans's AB Corp.

The EW India Islamic Index comprising publicly listed companies, which are Shariah compliant, was launched here Wednesday to attract Gulf-based investors and make investment 'moral and ethical'.

Travellers can now bond online to share information and tid-bits about their favourite destinations, food entertainment and holiday itineraries, and also review destinations of their choice.

Shirdi, renowned for its Sai Baba temple, will soon be on India's air map, proving a boon to religious tourism in Maharashtra.

India's Planning Commission Deputy Chairman Montek Singh Ahluwalia has been invited to visit Pakistan to explore grounds for bilateral economic cooperation.

Pakistan's Water and Power Secretary Muhammad Ismail Qureshi would like to replicate the power distribution system in the Indian capital in his country.

Oil and Natural Gas Corp (ONGC) has posted its highest ever net profit of Rs.167.02 billion ($4 billion) for 2007-08 against Rs.156.42 billion of previous fiscal, registering a growth of seven percent.

Cairn India, the Indian arm of British hydrocarbons exploration major Cairn, will invest about $2 billion in India over 18 months for developing oil fields and building a pipeline in the country, the company announced Wednesday.

In a decision that impacts the supply of natural gas by Reliance Industries, the government Wednesday issued new guidelines for the commodity's sale, giving top priority to the demands made by fertiliser units.

A state-of-the-art integrated pulp and paper plant of Abhishek Industries Ltd (AIL), the flagship company of towel and textile major Trident group, was commissioned Wednesday near Barnala town in south-west Punjab.

The Pune-based Eaton Power Quality Pvt. Ltd, the country arm of the $13 billion Eaton Corp of the US, wants to expand in India through acquisition, a top company official said here Wednesday.