IT/ITes

  • As India launches an $18 billion plan to spread the information revolution to its provinces, the problems it faces are a holdover from the past - electricity shortages, badly planned, jam-packed cities, and monkeys. The clash between the old world and the new is sharply in focus in the crowded 3,000-year-old holy city …

  • New Delhi, April 1 (IANS) The fertilser industry on Wednesday hailed the cabinet approval to the supply of gas at uniform price through a pooling mechanism, but said it does not address other issues troubling the sector. "The price pooling policy is a step in the right direction, but will not affect the farmers," Satish …

  • Mumbai, April 1 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), made healthy gains during Wednesday's trading session and closed the day at 303 points or 1.08 ...

  • Mumbai, April 1 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), made healthy gains during the late-afternoon trade session on Wednesday. It was trading 147 points ...

  • Mumbai, April 1 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), made healthy gains during the mid-afternoon trade session on Wednesday. It was trading 110 points ...

  • Mumbai, April 1 (IANS) Indian equities were trading flat on the first day of fiscal 2015-2016, with the fall in the growth of output of six core industries to a four-month low of 1.4 percent in February weighing on the investor mood. At the National Stock Exchange (NSE) the CNX Nifty was at 8,496.40 points, with a gain …

  • HCL Tech falls; says strong dollar to hurt Jan-March … Reuters - Wed 1 Apr, 2015 9:55 AM IST
    To match Insight INDIA-OUTSOURCING/

    Shares in HCL Technologies fell more than 4.1 percent on Wednesday, heading towards its steepest daily fall since October 2014, after the company said a stronger dollar would hurt its January-March revenue by 280 basis points. The company's rivals, Tata Consultancy Services, earlier guided for a negative cross-currency …

  • New Delhi, March 31 (IANS) With the curtains coming down on the current fiscal, the Income Tax department on Tuesday for the first time issued newspaper notices on 18 tax defaulters -- 11 of them Gujarat-based -- who collectively owe over Rs.500 crore to the exchequer. Undisclosed income of Rs.6,769 crore has been admitted …

  • Mumbai, March 31 (IANS) Despite the downward trend seen during the past 10 days, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the 2014-15 fiscal with a gain of nearly 25 percent -- thanks to the positive mood generated by the Narendra Modi government. The Sensex closed on Tuesday at 27,957.49 points …

  • Indian equities end flat after robust opening IANS - Tue 31 Mar, 2015 4:28 PM IST

    Mumbai, March 31 (IANS) After trading in the positive terrain for the bulk of the day on Tuesday, a key Indian stock market index ended flat, with a marginal loss of 18.37 percent or 0.07 percent, as per provisional data. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened above the psychologically-important …

  • Mumbai, March 31 (IANS) After trading in the positive terrain for the bulk of the day on Tuesday, a key Indian stock market index shed some 310 points in a matter of minutes and was quoting lower than the previous day's quote with an hour to go for the closing bell. The sensitive index (Sensex) of the Bombay Stock Exchange …

  • Sensex gains 517 points; capital goods stocks rise IANS - Mon 30 Mar, 2015 5:00 PM IST

    Mumbai, March 30 (IANS) After eight consecutive sessions when the markets either ended flat or in the red, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), gained over ...

  • Mumbai, March 28 (IANS) Negative geo-political cues, coupled with expectations of subdued fourth quarter earnings results, led a benchmark index of Indian equities markets to the third straight week of ...

  • Sensex closes flat; oil and gas stocks plunge IANS - Fri 27 Mar, 2015 5:24 PM IST

    Mumbai, March 27 (IANS) A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), closed Friday's trade flat. The wider 50-scrip Nifty of the National Stock Exchange (NSE) ...

  • 18 tax defaulters owe Rs.500 crore IANS - Thu 26 Mar, 2015 8:26 PM IST

    New Delhi, March 26 (IANS) Eighteen tax defaulters -- 11 of them Gujarat-based -- collectively owe over Rs.500 crore to the exchequer, tax officials announced on Thursday. "Defaulters are advised ...

More IT/ITes News »
 

Oil & Gas

  • RIL wins two oil blocks in Myanmar IANS - Tue 31 Mar, 2015 9:26 PM IST

    Mumbai, March 31 (IANS) Mukesh Ambani-led Reliance Industries Ltd on Tuesday said it has been awarded two offshore blocks for exploration of oil and gas in Myanmar. Myanmar had invited bids from international companies for discovery of oil and gas, in response to which it had received bids from 36 multinational companies. …

  • RIL signs production sharing pact for offshore blocks … Reuters - Tue 31 Mar, 2015 7:33 PM IST
    A woman walks past a poster of Reliance Industries installed outside the venue of the company's annual general meeting in Mumbai

    Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks. Reliance will be the operator of the blocks ...

  • India rejects BP's request to market jet fuel Reuters - Mon 30 Mar, 2015 3:08 PM IST

    India has rejected a request from BP Plc(BP.L) to be allowed to sell jet fuel to the booming aviation market in Asia's No. 3 economy, saying it did not meet the conditions necessary, a source with direct knowledge of the decision told Reuters. Consumption of aviation fuel is set to rise in India as domestic air traffic …

  • Oil prices dip as Iran, world powers seek nuclear  … Reuters - Mon 30 Mar, 2015 7:46 AM IST

    Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Iran and six world powers tried to break an impasse in nuclear negotiations on Sunday ahead of …

  • ONGC to invest Rs.40,000 crore in KG basin IANS - Wed 25 Mar, 2015 8:34 PM IST

    Hyderabad, March 25 (IANS) State-owned Oil and Natural Gas Corporation (ONGC) will invest Rs.40,000 crore in Krishna-Godavari (KG) basin in the next four years, its CEO and MD D.K.Saraf told Andhra Pradesh ...

  • ONGC appoints Dwivedi director for exploration pro … IANS - Tue 17 Mar, 2015 10:40 PM IST

    New Delhi, March 17 (IANS) State owned oil and gas explorer and miner Oil and Natural Gas Corporation of India (ONGC) on Tuesday said it has appointed veteran oil explorer Ajay Kumar Dwivedi as the director for exploration projects. "A.K. Dwivedi has taken over as the director (exploration) in the Maharatna Board of India's …

  • Siemens settles long-running dispute with Mexico's … Reuters - Sat 14 Mar, 2015 4:48 AM IST

    Germany's Siemens AG (SIEGn.DE) said on Friday it settled a longstanding dispute with Mexican state oil company Pemex [PEMX.UL] over two public contracts linked to a South Korean company. Pemex has been at loggerheads with Siemens and South Korea's SK Engineering & Construction Co Ltd [SKEC.UL] - a unit of SK Holdings …

  • Kolkata, March 11 (IANS) Oil prices are likely to remain low and might not cross $100 a barrel in a decade, helping the Indian government control inflation, a market researcher said here on Wednesday. According to Edelweiss Financial Services's associate director and research head Vinay Khattar, the inflation in the country …

  • Made in China: Beijing plans new wave of state firm … Reuters - Wed 11 Mar, 2015 2:34 PM IST
    Labourers work at a construction site for a new building in Shanghai

    BEIJING/HONG KONG (Reuters) - China is poised to embark on a fresh round of industrial consolidation, as part of a sweeping plan to reinvigorate the country’s inefficient state-owned enterprises and raise the global competitiveness of domestic industry. The initiative, dubbed "Made in China 2025", focuses on promoting …

  • Exclusive - UBS poaches Bank of Montreal oil banking … Reuters - Wed 11 Mar, 2015 2:21 PM IST

    NEW YORK/TORONTO (Reuters) - UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said. The moves come amid plummeting oil prices that have prompted banks …

  • Dollar rally sinks oil; Brent down more than U.S.  … Reuters - Wed 11 Mar, 2015 12:56 AM IST
    File photo of gas prices at a Chevron gas station in Encinitas, California

    A rallying dollar sent oil prices sharply lower on Tuesday, with Brent falling more than U.S. crude as players took profits on recent highs in Brent's premium, traders said. Brent, the London-traded global oil benchmark, settled almost 4 percent lower. In New York, U.S. West Texas Intermediate (WTI) crude closed down …

  • Natural justice India Today Group - Sat 7 Mar, 2015 4:03 PM IST

    Telecom spectrum auctions opened the floodgates of transparency and it appears there's no looking back from here.

  • A student bulletin board is pictured at the University of California San Diego in San Diego

    U.S. employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in June. Nonfarm payrolls increased 295,000 last month after rising 239,000 in January, the Labor …

  • Shell opens global IT centre in Bengaluru IANS - Fri 6 Mar, 2015 5:26 PM IST

    Bengaluru, March 6 (IANS) Global energy major Royal Dutch Shell plc has opened its global information technology (IT) centre in this tech hub for developing and delivering IT projects in-house. "The in-house global IT centre will provide jobs for thousands of techies by 2020, as we invest in the centre to be an integral …

  • Sturdy U.S. jobs report seen, could keep June rate … Reuters - Fri 6 Mar, 2015 12:14 PM IST
    Leaflets lie on a table at a booth at a military veterans' job fair in Carson

    U.S. employment likely rose strongly in February with the jobless rate slipping, signs that could encourage the Federal Reserve to consider hiking interest rates in June. A Reuters survey of economists forecast a 240,000 increase in nonfarm payrolls after a 257,000 gain in January. "The jobs picture remains extraordinary …

More Oil & Gas News »
 

Banking & Finance

  • Indian Banks to Modify Interest Rates for Savings  … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks may revise the interest rates on saving deposit account balance exceeding Rs 100,000, reported Business Standard. Private sector lenders such as Kotak Mahindra Bank and IndusInd ...

  • Canara Bank to Set up 47 Micro Enterprises Biz Cen … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian public sector lender Canara Bank has plans to set up 47 Micro Enterprises Business (MEB) centres all over the country. The Bangalore-based PSB explained that the proposed MEB centres ...

  • Indian Banks Achieve Jan Dhan Account Opening Targ … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks have achieved the target of opening 75.16 million accounts for the low-income households under the Pradhan Mantri Jan-Dhan Yojana (Prime Minister's People Funding Scheme), reported ...

  • Axis Bank Garners $500 Mln via Bonds Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian private sector lender Axis Bank has garnered capital worth $500 million in a 5.5-year dollar-money at 3.25% fixed rate coupon. The Mumbai-based lender has raised the capital through its ...

  • Essar Steel Algoma Garners $1.2 Bln for Debt Refin … Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Essar Steel’s Canadian subsidiary, Essar Steel Algoma, has garnered around $1.2 billion to refinance its previous debts, Business Line reported. The refinancing comprises a debt of $750 million, ...

  • DoT to Start 3G Spectrum Auction from Feb 23, 2015 Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- The Department of Telecommunications (DoT) stated that the proposed spectrum auction will start from February 23, 2015 instead of February 3, Business Standard reported. The delay is due to ...

  • SpiceJet Hopes to Make Profit in 12 Months Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian low-cost carrier SpiceJet aims to see profit within a year after receiving fresh amount of capital by sealing a mega deal, Business Standard reported. The company is about to close the ...

  • Citibank India Names Arvind Vashistha as Its Equity … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Citibank India, a subsidiary of US-based global financial service corporation Citigroup, has named Arvind Vashistha as its equity markets head. Vashistha would be reporting to Citibank India’s ...

  • NSE, BSE Keen to Set up Small Banks Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Indian bourses the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are considering to open small banks across the country once the Reserve Bank of India (RBI) start the application ...

  • Govt Nominates Hasmukh Adhia as RBI Director Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- The Indian government has nominated Hasmukh Adhia as a director on the Central Board of Directors of the Reserve Bank of India (RBI). Adhia has assumed the new role with effect from November ...

  • Central Bank of India Rolls out Two New Schemes for … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- India’s public sector lender Central Bank of India has unveiled two latest schemes to facilitate its retail customers to avail housing loan by way of overdraft facility and liquidity on their ...

  • Reliance Jio Garners $1.5 Bln to Repay Loans Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Reliance Jio Infocomm (RJIL), the telecom unit of the diversified group Reliance Industries Ltd (RIL), plans to garner around $1.5 billion from a consortium of 26 banks to refinance the loans. ...

  • India's Domestic Air Traffic Increases 18.31% in Oct … Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Domestic air traffic increased by 18.31% in October this year as airlines carried over 59.25 lakh passengers during the month compared to 50.08 lakh passengers in the same month last year, Directorate ...

  • SBI Likely to Offer $1 Bln Loan to Adani for its Australian … Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 – India’s largest public sector lender State Bank of India has inked an agreement with Adani Enterprises allowing the conglomerate to avail loan up to $1 billion for the development of its infrastructure ...

  • Govt to Meet PSB chiefs on Nov 20 Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 --The finance ministry has scheduled a meeting with the chiefs of government-owned banks on November 20 to review the financial performance of PSBs and progress of Pradhan Mantri Jan Dhan Yojana ...

More Banking & Finance News »