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Oil firms to cut jet fuel prices by Rs. 273 per kl

State-owned oil companies on Tuesday cut jet fuel prices by a marginal Rs. 273 per kilolitre, the third straight reduction in rates since April. The price of aviation turbine fuel (ATF),... »

Coal supplies: Power Ministry seeks PMO's intervention

With no end in sight to the continuing tussle between Coal India Limited (CIL) and power producers over the fuel supply issues, the Power Ministry has petitioned the Prime Minister's Office (PMO)... »

Simplitech: Getting a name in the virtual world of web

What's in a name? The question is old, but has acquired a new meaning in the digital world. »

GoM meets industry leaders on drug pricing policy

The Group of Ministers (GoM), headed by Agriculture Minister Sharad Pawar, to formulate a comprehensive pharmaceutical policy aimed at making essential drugs more affordable to the common man, on... »
Rahul Khullar

Khullar is new TRAI chief

Commerce Secretary, Rahul Khullar has been appointed as the chairman of the Telecom Regulatory Authority of India (TRAI) with immediate effect. »
A view of the LPG import terminal of IOC Petronas in Ennore near Chennai. File Photo: K. Pichumani
CHENNAI, May 15, 2012

Ennore LPG terminal awaits CRZ clearance

The LPG import terminal project of IndianOil Petronas Pvt Ltd (IPPL) near Chennai that can help in speeding up cooking gas supplies to millions of households in the South, especially Tamil Nadu, i... »
Going forward: A robust manufacturing base has value in India, but investors need better infrastructure.Photo: K Ananthan
May 13, 2012

Solar side up

In order to capitalise on the groundwork done for creation of a successful solar market through the launch of the Jawahar Lal Nehru National Solar Mission, a recent report has suggested that India... »
WASHINGTON, May 12, 2012

U.S. moves WTO against India

The U.S. has approached the World Trade Organization (WTO), seeking a dispute settlement panel to decide American claims that Indian restrictions on imports of various U.S. agricultural products,... »
New Delhi, May 11, 2012

IIP disappointing: Pranab

Expressing unhappiness over the contraction in industrial output numbers, Finance Minister Pranab Mukherjee on Friday said slowdown in global demand and investment activity has impacted IIP.»
NEW DELHI, May 10, 2012

Coal firms told to supply fuel to power plants based on MoU

The Coal Ministry, on Thursday, directed coal companies to continue with the fuel supplies to power plants, which have been commissioned this year through the memorandum of understanding (MoU) ro... »
HYDERABAD, May 8, 2012

FICCI for opening up coal sector

The Federation of Indian Chambers of Commerce and Industry (FICCI) has made a strong pitch for privatising Coal India, while expressing concern about the country's energy security.Stating t... »
The threshold limit for cash purchase on bullion will be Rs. two lakh. File Photo: Nagara Gopal
New Delhi, May 7, 2012

Govt rolls back excise duty on jewellery

In a relief to millions of jewellers across the country, Finance Minister Pranab Mukherjee on Monday announced rolling back one per cent excise duty on both branded and unbranded jewellery.... »
Ajai Kumar (right), CMD, with A. L. Daultani, ED, Corporation Bank, at a press conference in Mumbai on Friday.
MUMBAI, May 4, 2012

CorpBank reports flat net in Q4

Corporation Bank, on Friday, reported a net profit of Rs.351.26 crore for the fourth quarter ended March 31, 2012, as compared to Rs.345.34 crore in the corresponding period of the previous fiscal... »
NEW DELHI, May 3, 2012

Vodafone ignored IT Dept advice

The Finance Ministry, on Wednesday, sought to reiterate yet again that it was the British telecom major Vodafone that “chose to ignore” the tax department's advice on chargeability of its Hutchis... »
MUMBAI, May 1, 2012

Vodafone raises post-paid tariff in Mumbai

Vodafone India, on Tuesday, raised its call rates by a steep 20 per cent in Mumbai circle, a possible indication that cheap tariff would end sooner than later. Vodafone has been offering... »

Greaves Cotton to expand product range

EGoM sets the ball rolling for spectrum sale

Coming soon: Post Bank of India

ATF price cut by Rs. 312 per kl

Parliamentary panel seeks monitoring of KG-D6 fields

Getting growth back

Cotton Development Bill soon

50 Indian companies participate in realty conference in Sri Lanka

NEW DELHI, May 14, 2012

Panel for flexibility in LNG transportation

Keeping in mind the continued shortfall in the domestic gas production and the mounting demand for gas, an inter-Ministerial Committee has pitched for flexibility in transportation of Liquified Nat... »
Ethical moves: Indian industry tries to stay in tune with the global standards. Photo: K. Ananthan
May 13, 2012

Endeavouring towards an ethical mode

With the major economies of the United States and the euro zone still showing no let-up from their halting recovery, Indian apparel exporters continue to suffer from tepid demand. They are also of... »
COIMBATORE, May 12, 2012

Higher target set for textile exports

The textile industry is expected to register exports of $38 billion in 2012-13 as against $34 billion in 2011-12. Kiran Dhingra, Secretary of Union Ministry of Textiles, told The Hindu »
New Delhi, May 11, 2012

Industrial production contracts 3.5 per cent in March

On the back of a bundle of indicative woes afflicting the economy such as high inflation, widening current account deficit and a depreciating rupee that the government is yet to effectively addres... »
Vice Chairman & Managing Director of Bharti Enterprises Rajan Bharti Mittal with Bharti Airtel CEO Sanjay Kapoor, CEO & Director of Videocon Telecom Arvind Bali and other telecom industry executives addressing the media after a meeting with Telecom Minister Kapil Sibal regarding TRAI's 2G auction plans in New Delhi on Tuesday.
New Delhi, May 8, 2012

TRAI proposals will double tariffs: telcos

Following the Telecom Regulatory Authority of India's (TRAI) recommendations on spectrum pricing, mobile operators, on Tuesday, warned that tariffs could double in some telecom circles if the gove... »
Members of Federation of Indian Export Organisations meeting with Iran
business delegation in New Delhi on Monday. Photo: Kamal Narang
NEW DELHI, May 8, 2012

India, Iran work to boost trade in non-oil products

Businesspersons from India and Iran, on Monday, held talks to boost trade between the two countries on a day U.S. Secretary of State Hillary Clinton arrived here, seeking Indian cooperation for sa... »
Sigve Brekke
May 6, 2012

Is Telenor more a sinner than sinned against?

Telenor is at it again. This time it is threatening to hang up on its India operations. Peeved over the high reserve price recommended by the Telecom Regulatory Authority of India (TRAI) for spectr... »
Michael Perschke, head of Audi India, with the new Audi A4 during its launch in Mumbai on Thursday.
MUMBAI, May 3, 2012

Audi launches upgraded A4

Audi, the German luxury car manufacturer, plans to hike production capacity at its plant in Aurangabad, Maharashtra, by 50 per cent from 6,000 units to 9,000 units per annum.Addressing a pr... »
(left to right) Jon Fredrik Baksaas, CEO of Telenor; Vittorio Colao, Chief Executive of Vodafone Group; Sunil Bharti Mittal, Chairman and Managing Director of Bharti Airtel; and Kumar Mangalam Birla,
Chairman of Aditya Birla Group, arrive to meet Finance Minister Pranab Mukherjee in New Delhi on Wednesday.
NEW DELHI, May 2, 2012

TRAI base price for 2G auction will be catastrophic for the sector: telcos

Rankled by Telecom Regulatory Authority of India's recommendations on 2G spectrum auction, telecom companies, on Wednesday, made a joint pitch to top government functionaries, including Home Minis... »
H S Upendra Kamat
BANGALORE, May 1, 2012

Vijaya Bank net up 11 %

Vijaya Bank recorded a net profit of Rs.580.99 crore in 2011-12, an increase of 11 per cent over the previous year. Aggregate business was Rs.1.42 lakh-crore. The bank's net interest margin was 2... »

Gulf Oil shortlists locations for second plant

Australia gearing up for major investments in LNG projects

Mills may face shortage of cotton

Rio Tinto to expand Pilbara mines in two stages

Govt allows further export of cotton

We've had no talks on refinery revamp, says Colombo

EGoM decides against reviewing decision on Sasan excess coal

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