India Business News

Wed, 07 Jan 2009
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Partition refugees to get ownership of rented homes

The standing committee of the Municipal Corporation of Delhi Wednesday passed the resolution that 15,000 properties owned by its slum department would be transferred on an ownership basis to the occupants - the 1947 partition refugees.

Mon, 05 Jan 2009
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Markets extend lead in afternoon trade

Indian equities markets gained in afternoon trade Monday with a key index trading 2.02 percent higher than its previous close, two hours before the closing bell.

Wed, 07 Jan 2009
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Reliance Digital to sell Reva cars

Reliance Digital, the consumer electronics arm of Reliance Retail, will sell Reva electric cars through its outlets across the country.

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Oil prices may be cut in two weeks: Deora

Petroleum Minister Murli Deora Wednesday said the government may slash fuel prices further in 'two to three weeks'.

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Besieged Satyam board to meet Saturday

The besieged board of Satyam Computer Services Ltd will meet Saturday to discuss the various issues that rocked the IT bellwether since the Maytas deal fiasco Dec 16, culminating in the dramatic resignation of its co-founders who admitted to a massive revenue fraud in the company over the years.

Thu, 08 Jan 2009
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India's IT bellwether Satyam admits financial fraud; directors quit

In a development that sent shockwaves through India Inc., the chairman of one of the country's top IT companies, Satyam Computer, Wednesday admitted to a Rs.65.92-billion (Rs.6,592-crore) fraud and sent its stock crashing.

Wed, 07 Jan 2009
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Time to entice NRIs with tour packages

What better time to hardsell tourism packages than the Pravasi Bharatiya Divas? The Tamil Nadu Tourism Development Corp (TTDC) is offering two tour packages for participants at the seventh edition of the diaspora meet here.

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CPI-M wants truck operators' demands to be met

The Communist Party of India-Marxist (CPI-M) Wednesday urged the central government to further reduce the price of diesel and take other immediate steps to end the truck operators' strike, which the party said has 'disrupted transport of supplies'.

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Power supply to remain disrupted in Delhi

Delhiites will have to bear at least five hours of power cut for the coming two days as the distribution firm plans to carry out maintenance and upgradation work.

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Madhya Pradesh may reduce farm loan rates: governor

Governor Balram Jakhar Wednesday indicated that Madhya Pradesh may lower the interest rates on farm loans, saying the government was committed to fulfil the promises made to the people.

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Plea in court against late-running trains

Indian Railways face a legal case for running trains late and putting passengers into trouble.

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Denmark eyes greater economic cooperation with India

There will be around 15 percent rise in bilateral trade between India and Denmark in 2008-09, the Danish envoy said here Wednesday.

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Northeast to get dedicated air services: Mani Shankar Aiyar

After nearly two years of tender submissions and bidding, the ministry for development of northeastern region-DoNER has tied up with Indian Airlines to have dedicated air services across the region, a central minister said Wednesday.

Mon, 05 Jan 2009
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Chandigarh traders threaten strike over checkpoints

Local traders Monday threatened to go on an indefinite strike from Wednesday if barricades and checkpoints put up at entry points of the vegetables and grain market here are not removed.

Wed, 07 Jan 2009
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Rakesh Tandon new railways catering firm managing director

Rakesh Kumar Tandon, an Indian Railways Traffic Service (IRTS) officer of the 1978 batch, took over as managing director of the Indian Railways Catering and Tourism Corp (IRCTC) Wednesday.