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Wipro buys Yardley units for Rs 213 cr

Friday 6 November '09

Wipro Consumer Care & Lighting has signed an agreement with UK’s Lornamead group to acquire the Yardley business in Asia...
CBI now probes procedural lapse by DoT

Friday 6 November '09

In a move that could spell more trouble for communications & IT minister A Raja, investigating agency CBI has begun inquiring...
Most Rajan ideas put on back burner

Wednesday 4 November '09

Differences have cropped up between the PM’s honorary economic advisor Raghuram Rajan and the finance ministry over bank consolidation.
Nalco opens New Pension Scheme’s PSU account

Tuesday 3 November '09

National Aluminium Company (Nalco) Ltd has become the first public sector unit to move its employees’ retirement funds to the New Pension Scheme...
Fiscal deficit at 49 pc of full-year target

Saturday 31 October '09

Improved tax collections, coupled with the austerity drive, seem to be bearing fruit, with government finances looking much healthier now.
Bharti feels pinch, joins price war

Saturday 31 October '09

Bharti Airtel finally blinked. Pinched hard by the lower tariff plans of rivals, the country’s largest telecom player on Friday joined the...
Dip in crude prices pull IOC out of red

Saturday 31 October '09

State-run Indian Oil Corporation (IOC) posted a net profit of Rs 284.4 crore for the second quarter of the current financial year...
Inflation at 1.5%, may touch RBI’s 6.5% target by March

Friday 30 October '09

Inflation rose fastest in six months to 1.51 per cent for the week ended October 17 from 1.21 per cent in the previous week....
Monetary policy to push for bank credit growth

Monday 26 October '09

The Reserve Bank of India (RBI), which will unveil its mid-term review of the monetary policy on Tuesday, is expected to push banks for expanding credit.
PMO steps in to widen scope of gas eGoM

Thursday 22 October '09

The Prime Minister’s Office (PMO) has asked the petroleum ministry to considerably widen the scope of the newly-constituted empowered group...
‘Spectrum shortage could delay 3G auction’

Wednesday 21 October '09

Communications & IT minister A Raja on Tuesday expressed doubts whether the 3G spectrum auction, which is supposed to be held in 90 days...
GST likely to have dual rates for services too

Monday 19 October '09

There may be yet another tweaking in the structure of the goods and services tax that is proposed to be rolled out in little less than six months.
Reserve Bank puts BPLR on rejig table

Wednesday 14 October '09

In a paradigm shift for Indian banks, RBI may permit each of them to decide their own lending rates without reference to the benchmark...
Auditor says Anil’s RCom inflated revenues

Tuesday 13 October '09

Anil Ambani-led Reliance Communications Ltd (RCom), the country’s second-largest mobile operator, inflated its 2007-08 wireless revenues...
No takers for half of new Nelp blocks, global majors missing

Tuesday 13 October '09

The spat between the Ambani brothers, the global meltdown and financial and technical constraints — including a shortage of rigs...
Inflation falls to 0.7%, but no let-off in prices

Friday 9 October '09

Inflation unexpectedly fell by as much as 13 basis points to 0.7 per cent for the week ended September 26 but food prices continue to soar.
ED attaches properties of Raju and associates

Friday 9 October '09

Though Satyam Computer Services founder Ramalinga Raju’s is seeking a life out of the jail, he will have pretty much less to bank upon even if he gets a bail.
Oil regulators are not empowered: Plan panel

Thursday 8 October '09

The Planning Commission has slammed the weak regulatory regime in the oil & gas sector, blaming it on the petroleum ministry’s ‘reluctance to give up its powers’.
Banks expect rates to remain stable this yr

Wednesday 7 October '09

RBI governor D Subbarao’s statement on Tuesday about an early exit from the accommodative monetary policy sent bond yields soaring...
Wipro GE to merge ops, up India manufacturing

Saturday 3 October '09

The Indian arm of the $17-billion GE Healthcare is bringing all of its remaining stand-alone businesses and manufacturing units under the umbrella...
Inflation up at 0.37 pc, RBI steps likely

Friday 25 September '09

Inflation rose higher than expected to 0.37 per cent for the week ended September 12 from 0.12 per cent in the previous week due to rising food prices.
Bharti-MTN deal unlikely to meet Sept 30 deadline

Wednesday 23 September '09

Talks between Bharti Airtel and South Africa’s MTN are unlikely to culminate in a deal by the September 30 deadline.
Positive inflation after 13 weeks, rises to 0.12 pc

Friday 18 September '09

Rising food prices have pushed inflation into the positive territory after a gap of 13 weeks. The wholesale price index-based inflation rose to 0.12 per cent for the week....
Supreme Court allows TVS to sell Flame

Thursday 17 September '09

The Supreme Court on Wednesday allowed the country’s third largest two-wheeler firm, TVS Motor Company, to manufacture...
After Mittal, Total quits $10-bn Vizag refinery

Wednesday 16 September '09

The fate of the $10-billion refinery-cum-petrochem project at Vizag in Andhra Pradesh hangs in balance as Total SA of France...
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