If gloom is what you want, there's no dearth of it. You just have to open a business newspaper or switch on a business channel to get your fill of dark and depressing news about the future of the Indian ...

Calcutta, May 20: City-based wagon manufacturer Texmaco has entered into an equal joint venture with French group Touax Rail, a lease finance company, to tap opportunities in the wagon leasing market.The ...

I am 78-year-old pensioner undergoing haemo-dialysis twice a week for the last three years. Inspite of my timely submission of Form 15H, the State Bank of India's Naktala Branch (1510) deducted tax at ...

Camp David (Maryland), May 20 (Reuters): World leaders backed keeping Greece in the Eurozone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy ...

New Delhi, May 20: HCL Technologies has developed a strategy called innovative collaboration, under which it interacts closely with its clients in all the stages of product development through the setting ...

New Delhi, May 20: The Centre may ask the State Bank of India to issue five-year foreign currency denominated bonds targeting NRIs as a huge forex payment obligation of companies lurks round the corner.India's ...

Calcutta, May 20 (PTI): Finance minister Pranab Mukherjee today said the steep fall in the rupee was a matter of great concern and the Centre was trying to resolve the situation."It is a matter of ...

Calcutta, May 19: Swedish auto giant Volvo is looking to source medium duty engines from the upcoming engine facility of its Indian joint venture Volvo Eicher Commercial Vehicles (VECV) at Pithampur, Madhya ...

New Delhi, May 19 (PTI): Market regulator Sebi today said all listed companies, including public sector units, will have to meet the norm of minimum 25 per cent public holding by August next year."We ...

New Delhi, May 19 (PTI): State-run Rashtriya Ispat Nigam Ltd (RINL) has submitted the draft red herring prospectus with Sebi to divest 48.898 crore shares, or a 10 per cent stake, through an initial public ...

Calcutta, May 19: The National Skill Development Corporation (NSDC) has asked KPMG to conduct a study on the demand for skilled workers in Bengal across various sectors.NSDC, a public-private venture set ...

Calcutta, May 18: The State Bank of India (SBI), the country's largest lender, today reported a net profit of Rs 4,050 crore for the quarter ended March 2012, up from Rs 21 crore in the same period a year ...

New Delhi, May 18: The Telecom Regulatory Authority of India (Trai) has ordered operators to refrain from increasing call rates within six months of introducing a tariff plan.However, there is no restriction ...

Calcutta, May 18: The initial public offer of Bengali entrepreneur Anjan Chatterjee's Speciality Restaurants has been subscribed over 2.5 times.The portion allotted to qualified institutional buyers was ...

London, May 17: Institutions have lodged their biggest vote of no confidence in the pay policies of a leading company with a massive revolt at Cairn Energy.Investors speaking for more than 67 per cent ...

Calcutta, May 18: The worsening economic crisis in Europe has affected the Tata Steel group, the seventh largest steel maker in the world, which recorded a nearly 90 per cent drop in its consolidated net ...

Calcutta, May 18: The Bengal government scored a small victory today when a division bench of Calcutta High Court stayed an arbitration proceeding initiated by The Chatterjee Group, the private promoter ...

Calcutta, May 18: An ecstatic Pratip Chaudhuri today said the bank's share should be quoted at Rs 2,500 after the "blockbuster result"."Our earnings per share now stands at Rs 184.31 and ...

Mumbai/Calcutta, May 18: The rupee tumbled to another record low of 54.91 to the dollar early on Friday but recovered after RBI governor Subir Gokarn said the central bank would take measures to prop up ...

Mumbai, May 17: The rupee hit a record low for the second day, falling to 54.56 against the dollar as fears over Greece's exit from the euro deepened and local worries over poor fund inflows and a high ...

Calcutta, May 17: Industrial gas maker BOC India today said it was looking to expand its business beyond steel."In principle, we would like to have a diversified portfolio. We are actively pursuing ...

Mumbai, May 17: Bajaj Auto Ltd failed to meet Street expectations by posting a 45 per cent decline in net profit at Rs 772 crore in the three months ended March 31 compared with Rs 1,400.39 crore in the ...

Mumbai, May 17: Vedanta Ltd ' the London-based minerals-to-metals conglomerate ' today reported that group profits had plunged 39.6 per cent to $1.23 billion from $2.03 billion during the year ended March ...

New Delhi, May 17: India plans to provide 50 diesel locomotives on lease to Pakistan, which is facing an acute shortage of engines."A team of officials from Pakistan had met the Indian counterparts ...

New Delhi, May 17: India today pitched for a rating upgrade from Fitch, a month after Standard and Poor's cut the country's outlook citing weak current account and fiscal deficits.Top finance ministry ...

New Delhi, May 17: The Union cabinet has given its approval to the agreement to bring gas from Turkmenistan via Afghanistan and Pakistan.Officials said the cabinet had also approved the transit fee to ...

Calcutta, May 17: The State Bank and its associates will give a Rs 2,400-crore loan to the Damodar Valley Corporation for a new 500MW station at Bokaro.Scheduled to go on stream from April 2014, the plant ...

Mumbai, May 16: Airtel customers will now be able to open no-frills savings account in Axis Bank through their mobiles and carry out transactions such as cash deposits, transfers and withdrawals.Bharti ...

Calcutta, May 16: CESC Ltd has acquired two hydel power projects in Arunachal Pradesh from the Indiabulls group for an undisclosed amount.The acquisitions will add 146 megawatt (MW) of hydroelectric power ...

Mumbai, May 16: The rupee today plunged to a historic low of 54.56 before closing slightly better at 54.50 despite RBI intervention, raising widespread concerns about the health of the economy.Forex dealers ...

New Delhi, May 16: Bharti Airtel is in the final stages of a deal to buy out US chip maker Qualcomm's fourth-generation (4G) licences in India for around Rs 5,000 crore.The acquisition, which is expected ...

Mumbai, May 16: Mumbai-based drug company Piramal Healthcare has snapped up Massachusetts-based healthcare information data provider Decision Resources Group for $635 million.The transaction, which is ...

Calcutta, May 15: Suzuki Motorcycle India today said it would consider making the country its export hub."We have recently started exporting (two-wheelers) from India to Nepal and Colombia… we will ...

New Delhi, May 15: Under pressure from the US, India today announced lower oil imports from Iran even as the CPM criticised the government for toeing the American line."The target fixed for import ...

New Delhi, May 15: Finance minister Pranab Mukherjee today said the Direct Taxes Code (DTC) bill, which includes provisions on General Anti-Avoidance Rules (GAAR), will be introduced in the monsoon session ...

Hyderabad, May 15 (PTI): The Insurance Regulatory and Development Authority (IRDA) has asked the Life Insurance Council to design a single product covering life, non-life and health."It will be a ...

New Delhi, May 15 (PTI): In a turf war to control sugar exports, the commerce ministry today fixed a quota of 10,000 tonnes per trader, reversing the decision of the food ministry, which allowed unrestricted ...

Calcutta, May 15: Speciality Restaurants, owner of popular fine dining chains Mainland China and Oh! Calcutta, has agreed to sell shares worth Rs 26.4 crore to five cornerstone investors ahead of its Rs ...

New Delhi, May 15: India's No. 1 mobile operator Bharti Airtel is under Enforcement Directorate investigation over charges of money laundering and violation of foreign exchange rules, junior finance minister ...

Calcutta, May 15: Eveready Industries has suffered a fourth-quarter net loss of Rs 86.01 crore compared with a loss of Rs 4.84 crore in the third quarter. The news sent the Eveready stock downhill to a ...

Mumbai, May 15: Aditya Birla Nuvo Ltd's net profit plummeted 42 per cent to Rs 170 crore in the three months ended March 31, 2012 from Rs 294 crore in the year-ago period.The plunge in profits was attributed ...

Mumbai, May 14: Global rating agency Moody's today downgraded the credit ratings of the Life Insurance Corporation and the country's three largest private banks ' ICICI Bank, HDFC Bank and Axis Bank ' ...

Calcutta, May 14: GlaxoSmithKline Consumer Healthcare Ltd (GSKCH) ' an associate of GlaxoSmithKline plc ' is planning to introduce some of its global oral healthcare, nutrition and high-protein products ...

Mumbai, May 14: Engineering conglomerate Larsen and Toubro beat Street estimates to post a 14 per cent increase in net profit at Rs 1,920.41 crore in the fourth quarter ended March 31 compared with Rs ...

May 14: JSW Steel today posted a marginal fall of around 3 per cent in net profit at Rs 769.73 crore for the fourth quarter ended March 31, 2012 on the back of a rise in raw material costs and loss in ...

New Delhi, May 14: A spurt in food prices has pushed up inflation to 7.23 per cent in April, limiting the scope of the Reserve Bank of India to cut key interest rates to help revive the economy.The headline ...

Calcutta, May 14: Srei Infrastructure Finance today reported a 38 per cent decline in consolidated net profit at Rs 111.81 crore for 2011-12 compared with Rs 179.24 crore in the previous year despite a ...

Mumbai, May 14: The rupee closed at a new provisional record low of 53.97 to the dollar as the euro slumped to a near four-month low and Asian markets fared badly.The Indian stock markets were trading ...