Mon 21 May, 2012, 11:29 AM IST - India Markets close in 4 hrs 31 mins

Financial News from IANS

  • Bangalore,May 20 (IANS) The Indian IT industry is in a quandary for want of clarity from the government on the definition of software exports, Infosys chairman emeritus N.R. Narayana Murthy said Sunday."It ...

  • Bhubaneswar, May 20 (IANS) Fish production from Odisha's massive Chilika lake touched an all-time high of 14,228 tonnes in 2011-2012, an official said Sunday. Hydrological intervention for restoration ...

  • New Delhi/Mumbai, May 20 (IANS) The crisis in Air India raged on for the 13th day Sunday and the national carrier's losses mounted to Rs.230 crore as the impasse between agitating pilots and the management ...

  • Chennai, May 20 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa has urged Prime Minister Manmohan Singh to advise the Karnataka government to stop construction of check dams across the inter-state Pennaiyar ...

  • New Delhi, May 20 (IANS) Former cricketer and Bharatiya Janata Party (BJP) MP Kirti Azad Sunday sat on a hunger strike with several other people against the way the Indian Premier league (IPl) was being ...

  • Kolkata, May 20 (IANS) Expressing "great concern" over the sharp fall of the rupee, Finance Minister Pranab Mukherjee Sunday said the central government was trying to resolve the issue."It ...

  • Shimla, May 20 (IANS) The World Bank has agreed in principle to provide additional funding of $37 million (Rs.231.25 crore) for a watershed project in Himachal Pradesh, Chief Minister Prem Kumar Dhumal ...

  • New Delhi, May 20 (IANS) India is set to become the first country in the world to come up with "blue ratings" - on the lines of green ratings for eco-friendly ventures - for increasing management ...

  • Panaji, May 20 (IANS) Soon, fun may not be 'in' in Goa.A zero draft of the 'Goa 2035 - Vision and Road map' submitted to the Goa government by a high-profile advisory council has rapped tourism officials ...

  • Patna, May 20 (IANS) Eight construction companies, including Gammon, Nagarjun and Reliance, have shown keenness to construct the proposed 40-km driveway along the banks of the Ganga river in Patna modelled ...

  • New Delhi, May 20 (IANS) Women farmers will determine India's agrarian and rural economy in the years to come and the government must have a centrally-sponsored development fund for them, says renowned ...

  • Kolkata, May 19 (IANS) As Chief Minister Mamata Banerjee sticks to her demand of an interest moratorium for three years for debt-ridden West Bengal, state Congress president Pradip Bhattacharjee Saturday ...

  • Singur land failure a disappointment: Mamata IANS - Sat 19 May, 2012 8:15 PM IST

    Kolkata, May 19 (IANS) West Bengal Chief Minister Saturday described her first year in office as a success story barring her failure to return land taken from unwilling farmers for the Tata Motors project."Our ...

  • GDA suspends three officials for corruption IANS - Sat 19 May, 2012 8:01 PM IST

    Ghaziabad: May 19 (IANS) The Ghaziabad Development Authority (GDA) Saturday suspended two eingineers and a clerk for their alleged involvement in a scam and for violating building bylaws. It also asked ...

  • Mumbai, May 19 (IANS) Reliance Capital Saturday said it has posted Rs.329.32 crore ($65 million) profit in the January-March 2012 period as against Rs.6.46 crore loss during the corresponding quarter of ...

  • New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don't have adequate resources to take informed decision, chairman of the Securities and Exchange Board ...

  • New Delhi, May 19 (IANS) The telecom regulator's proposal for an immediate re-farming of spectrum will adversely affect the profits of established service providers, an industry lobby said Saturday.Telecom ...

  • Chandigarh, May 19 (IANS) Punjab Chief Minister Parkash Singh Badal Saturday asked the central government to allow export of wheat from the state.Talking to media at Rakhra village in Patiala district, ...

  • Chennai, May 19 (IANS) The country's top civil servants are subject to service/conduct/disciplinary rules, but top honchos of government-owned banks are not.In response to a query under the Right to Information ...

  • Mumbai, May 19 (IANS) The Indian equities markets' benchmark indices declined nearly one percent in a volatile trading this week as a record drop in the value of rupee and lingering eurozone crisis weighed ...

  • India's forex reserves drop by $1.37 billion IANS - Sat 19 May, 2012 4:35 PM IST

    Mumbai, May 19 (IANS) India's foreign exchange reserves declined by $1.37 billion to $291.80 billion for the week ended May 11, largely due to drop in the value of core currency reserves, official data ...

  • New terminal in lucknow airport inaugurated IANS - Sat 19 May, 2012 3:27 PM IST

    lucknow, May 19 (IANS) The new terminal at lucknow's Chaudhary Charan Singh Airport was inaugurated by Civil Aviation Minister Ajit Singh Saturday.The 20,000 square metre, three-tier building has departure ...

  • Chennai, May 19 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa has urged Prime Minister Manmohan Singh to immediately convene a meeting of the Cauvery River Authority to decide on various issues relating ...

  • Ajit Singh asks pilots to resume work IANS - Sat 19 May, 2012 3:00 PM IST

    lucknow, May 19 (IANS) Civil Aviation Minister Ajit Singh Saturday again asked striking Air Indian pilots to resume work, saying the government was willing to listen to them.Speaking after the inauguration ...

  • Assam industry bats for tea as national drink IANS - Sat 19 May, 2012 12:58 PM IST

    Guwahati, May 19 (IANS) Although the union government has voiced reservations, Assam's tea bodies are insisting that tea be declared the country's national drink.Minister of State for Commerce and Industry ...

  • What is noteworthy about the cartoon row is that neither Jawaharlal Nehru nor B.R. Ambedkar found anything objectionable about it when it was published in 1949. Nor did all the politicians in the intervening ...

  • larsen and Toubro bags Rs.2,592 crore orders IANS - Fri 18 May, 2012 10:40 PM IST

    Mumbai, May 18 (IANS) Engineering and constructions major larsen and Toubro (l&T) Friday said it has bagged orders worth Rs.2,592 crore during the first quarter of 2012-13 for construction of residential ...

  • AI to prune operations if pilots' strike continues IANS - Fri 18 May, 2012 10:22 PM IST

    New Delhi/Mumbai, May 18 (IANS) The government is considering to further curtail Air India's international operations, if a group of pilots continue their strike, which has already lasted for 11 days and ...

  • Delhi power company fine-tuning supply network IANS - Fri 18 May, 2012 10:07 PM IST

    New Delhi, May 18 (IANS) Expecting the demand for power in the capital to cross 5,400 megawatts during the peak of summer, BSES Rajdhani Power limited (BRPl) has started checking and improving its supply ...

  • Tata Steel Q4 net slips about 90 percent IANS - Fri 18 May, 2012 10:05 PM IST

    Kolkata, May 18 (IANS) Tata Steel, India's largest private sector steel major, Friday reported a 89.64 percent slide in its consolidated net profit at Rs.4.33 billion for the quarter ending March 31, 2012, ...

  • New Delhi, May 18 (IANS) A probe is on to find out whether Air India lost market share or any revenue by awarding the contract to manage its ticketing call centres to Gurgaon-based InterGlobe Enterprises ...

  • SBI to approach Moody's for review and re-rating IANS - Fri 18 May, 2012 8:51 PM IST

    Kolkata, May 18 (IANS) The country's biggest lender State Bank of India (SBI) is mulling to approach global credit ratings firm Moody's Investors Services to "review" its ratings, its chairman ...

  • New Delhi, May 18 (IANS) Civil aviation ministry officials Friday defended Minister Ajit Singh's visit later this month to the US to receive the first of the 27 Boeing-787 Dreamliners, saying the aircraft ...

  • Anand Sharma opposes report on land acquisition IANS - Fri 18 May, 2012 8:28 PM IST

    New Delhi, May 18 (IANS) Terming the parliamentary panel's report that seeks to bar the government from acquiring land for industrial use as "unacceptable", Commerce and Industry Minister Anand ...

  • Punjab wheat procurement crosses 125 lakh tonnes IANS - Fri 18 May, 2012 8:22 PM IST

    Chandigarh, May 18 (IANS) Wheat procurement in Punjab has crossed the 125 lakh tonnes mark during the current season, state food and supplies department officials said here Friday.The total procurement ...

  • Chennai, May 18 (IANS) The Nuclear Power Corporation of India Ltd. (NPCIL) Friday announced that the first of the two 1,000 MW units of Kudankulam Nuclear Power Project (KNPP) is expected to start commercial ...

  • New Delhi, May 18 (IANS) The domestic Information Technology (IT) market has grown 16.7 percent to Rs.918 billion during 2011-2012, Minister of State for Communications and IT Sachin Pilot said Friday."The ...

  • SBI annual net profit surges nearly 42 percent IANS - Fri 18 May, 2012 8:09 PM IST

    Kolkata/Mumbai, May 18 (IANS) India's biggest lender, the State Bank of India (SBI), Friday reported a 41.66 percent rise in net profit year-on-year to Rs.11,707 crore in 2011-12 fiscal from Rs.8,265 crore ...

  • New Delhi, May 18 (IANS) Mobile technology firm C-SAM Friday said it has joined hands with MasterCard to provide "mobile wallet" service in the Asia Pacific, the Middle East and Africa.The two ...

  • RBI to defend rupee from falling further IANS - Fri 18 May, 2012 7:18 PM IST

    Mumbai/Kolkata, May 18 (IANS) The rupee recovered after falling to its third straight daily record low against dollar Friday and the Reserve Bank of India (RBI) promised more intervention to curb any future ...

  • Anti-Posco leader released on bail in Odisha IANS - Fri 18 May, 2012 6:04 PM IST

    Bhubaneswar, May 18 (IANS) A former Odisha legislator who was arrested in connection with clashes near the Posco steel plant site in Jagatsinghpur district last year was released on bail Friday, an official ...

  • H&R Johnson pumps in Rs.225 crore in Andhra unit IANS - Fri 18 May, 2012 5:53 PM IST

    Hyderabad, May 18 May (IANS) H&R Johnson (India), a division of Prism Cement limited, India's largest ceramic tile company, Friday announced the expansion of its manufacturing capacity by 55 percent at ...

  • MS Swaminathan award to be presented in Hyderabad IANS - Fri 18 May, 2012 5:48 PM IST

    Hyderabad, May 18 (IANS) The Retired Indian Council for Agricultural Research Employees Association and Nuziveedu Seeds Pvt. ltd. (NSPL) will jointly present the MS Swaminathan award to the leading Indian ...

  • Ghaziabad (Uttar Pradesh), May 18 (IANS) Essar Steel's retail distribution division, Essar Hypermart, is expecting to sell one million tonnes of steel products through its network of sales points.'We are ...

  • Mumbai/Kolkata, May 18 (IANS) The Indian rupee slumped to a new intra-day low of 54.91 against a dollar Friday even as the Reserve Bank of India assured further intervention in the foreign exchange market ...

  • India-UAE joint task force to explore investments IANS - Fri 18 May, 2012 5:27 PM IST

    New Delhi, May 18 (IANS) In a bid to boost their $57-billion bilateral trade, India and United Arab Emirates (UAE) Friday decided to set up a high-level joint task force to explore investment opportunities, ...

  • Sensex closes 80 points up, on SBI and rupee shows IANS - Fri 18 May, 2012 5:22 PM IST

    Mumbai, May 18 (IANS) A benchmark index for Indian equities market recouped intra-day losses to close over 82 points up Friday. Good buying was seen in banks, FMCG and energy scrips after the country's ...

  • Tripura raises salaries of rural job scheme staff IANS - Fri 18 May, 2012 5:17 PM IST

    Agartala, May 18 (IANS) Following an indefinite strike by the employees associated with the Mahatma gandhi National Rural Employment Guarantee Scheme (MGNREGS), the Tripura government Friday increased ...

  • Panel asks government to speed up poverty survey IANS - Fri 18 May, 2012 4:54 PM IST

    New Delhi, May 18 (IANS) A parliamentary panel has expressed concern that the Socio-Economic and Caste Census (SECC), which was to end in 2011, is yet to start in major states, and has asked the government ...

  • City Union Bank targets 20-30 percent growth IANS - Fri 18 May, 2012 4:30 PM IST

    Chennai, May 18 (IANS) Privately-owned City Union Bank hopes to log a growth of 20-30 percent this fiscal despite the economic outlook not being encouraging while the net interest margin is expected to ...

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