Latest Updates On Finance & Business News of India |
|
|
| Militants kill 4 of Bihar family in Assam |
|
Guwahati: Suspected National Democratic Front of Borland (NDFB) militants have gunned down a family of four from Bihar at No 1 Naharjan village, nearly 300 km north of Guwahati, in Assam`s Sonitpur district on Tuesday.
According to the sources, the attack took place after villagers denied to pay extortion money to the militants on Monday.
According to a police official, "The rebels stormed the house of Munna Pal (35), a milkman, in the wee hours and started firing from ... |
|
| Chidambaram inaugurates NSG`s Mumbai hub |
|
Mumbai: Union Home Minister P Chidambaram has formally inaugurated the Mumbai hub of the National Security Guards (NSG) at Marol in the western suburbs of Mumbai.
Following the terrorist attack in Mumbai on November 26 last year, the decision to set up hubs of the NSG in different parts of the country was taken.
Speaking to the media after the inaugural ceremony, Chidambaram said, "The NSG hub will allow quick mobilisation of security forces in case of an emerg... |
|
| Tech Mahindra inks strategic alliance with WIN |
|
Mumbai: Tech Mahindra, global systems integration and business transformation specialist, has signed a strategic alliance with WINplc, the leading provider of interactive mobile information and entertainment services.
As per the terms of the initial agreement, Tech Mahindra will work with WIN to develop the company`s next generation mobile platform. As a first step in a broader strategic alliance the two companies will also look to develop joint go-to-market strategies in ke... |
|
|
|
| Pantaloon terminates JV with Planet Retail, Blue Foods |
|
Mumbai: Pantaloon Retail India Limited (Pril) has decided to end its joint venture (JV) with Planet Retail Holdings and Blue Foods, which runs restaurant chains such as Bombay Blue, Noodle Bar and Copper Chimney. Pril had 49 per cent stake in Planet Retail Holdings.
Kishore Biyani, chief executive officer, Future Group stated, "Planet Retail has two businesses, which is apparel and sports. We are running the sports business and it has become a wholly-owned subsidiary. That`s ... |
|
| Citibank launches pilot scheme for credit card payments on mobile |
|
Mumbai: Citibank has launched a pilot scheme to judge the mobile payments of credit cards. This scheme has been launched in association with Nokia, Vodafone, MasterCard and ViVotech.
The Near Field Communications technology makes it easy for consumers to share content. Based on this, the Citi Tap and Pay Pilot hopes to provide the ease of using mobile phones as credit cards.
With the use of this technology, customers can tap their mobiles on a contactless reader ... |
|
| SBI ready to double home loan disbursals this year |
|
Mumbai: State Bank of India (SBI) is ready to double its home loan disbursals in this year even as it launched two new loan packages at 8 per cent interest in the first year and 9 per cent in the second and third year.
According to a top official, SBI has already disbursed Rs 7,000 crore in the January-June period of 2009 under its special home loan package. The bank has been disbursing around Rs 1,500 per month since disbursing Rs 2,348 crore till March 2009.
SBI was... |
|
| Monsoon reaches Delhi, covers 95% of India |
|
New Delhi: The long-awaited south-west monsoon has finally arrived in Delhi resulting in a dip in the mercury level considerably.
This has definitely delighted the Delhi`ties, who had been going through a scorching time, following a severe heat wave that swept the city for days.
Director General of the India Meteorological Department, Ajit Tyagi said that the system had covered almost every other part of north India. "The monsoon has now covered almost 95 per cent of ... |
|
|
|
| Indian Railways develop new freight wagons to transport cars |
|
New Delhi: Indian Railways have developed new freight wagons that can transport cars efficiently and is planning to run them in routes with a good business potential.
Currently, bulk of cars coming out of factories for city outlets are transported by road. The trial run for these special purpose wagons has ended and they have been already initiated into regular service in Gurgaon-Mundra Port and Gurgaon-Chennai circuits, according to the sources in the Railway Ministry.
... |
|
| India releases 1.49 mln tones of non-levy sugar for July |
|
India has released 1.49 million tonnes of non-levy sugar for the month of July. It has also decided to announce the quota on monthly basis, scrapping earlier practice of announcing it on quarterly basis, the government informed.
Non-levy, or free sale sugar, is sold by millers in the open market, but the quantity each mill can sell is set by the Federal Government.
The government has released 1.267 million tonnes as normal non-levy sugar quota and plans supplies of 133,... |
|
| Eastern Gases plans to invest Rs 200cr for 100 auto LPG stations |
|
Mumbai: Eastern Gases Ltd, a BSE-listed company, is planning to invest Rs 200 crore in the next two years to set up a 100 auto LPG dispensing outlets in eastern and western India.
The Kolkata-based firm, which imports and supplies bulk LPG, propane and butane to industries, will also launch two LPG manufacturing-cum-bottling plants in Rajasthan and Andhra Pradesh.
Company`s Chairman and Managing Director S K Bhansali said, "We plan to set up a 100 auto LPG dispensing st... |
|
|
|
|
Next
|
