Business News

The shortage of coal in the country is expected to be worse than what was estimated previously, according to an analysis by the Planning Commission.

While banks are busy slashing interest rates on deposits due to lack of credit offtake, non-banking finance companies (NBFCs), non banking & non-finance companies are raising their rates deposits to woo customers.

The government has approved the Jawaharlal Nehru National Solar Mission, which seeks to install 20,000 mw by 2022. The first phase will see the setting up of 1,100 mw capacity of grid solar power and 200 mw capacity of off-grid solar applications, based on both solar thermal and photovoltaic technologies.

Even as the Reserve Bank of India (RBI) is yet to give a formal nod, the country's first heavy-duty Islamic banking financial institution may hum a tune on global business before the next Easter.

On Monday, the price of gold touched an all-time record of Rs 17,534 for 10 grams on the Indian commodities market.

Publicis Groupe mergest public relations units Publicis Groupe combines MS&L Worldwide, Publicis Consultants And Publicis Events to create MS&L Group, a public relations and events network.

Dish TV India Ltd on Monday said it will raise $100 million through an issue of global depository receipts (GDR) to private equity firm Apollo Management.

The empowered group of ministers (eGoM) on 3G spectrum has approved the 1% increase in the spectrum usage charge on the adjusted gross revenue (AGR) of telecom operators.

Life Insurance Corporation of India (LIC) is mulling the possibility of increasing the minimum premium for single-premium unit-linked policies to around Rs 40,000. It is also planning to increase the tenure for such policies to 10 years from five at present.

The Central Electricity Authority (CEA) has issued fresh guidelines for qualifying norms for bidders of balance of plants (BoP).

Philips Electronics India Ltd plans to set up a manufacturing plant for CV (cardiovascular) and general X-ray system.

If Orissa were to implement all the MoU projects it has signed, it will create a demand for 60,000 skilled manpower by 2015, says a report prepared by PricewaterhouseCoopers (PwC) for the Confederation of Indian Industry.

McNally Bharat Engineering Company Ltd, the joint venture between BM Khaitan and GP-CK Birla Group, is going in for a capital as well as human resources restructuring with its $16 million acquisition process of Germany's KHD Humboldt Wedag's coal and mineral division completed.

Idea Cellular, the telecom services provider, has been running campaigns based on contemporary issues since the time it has been launched.

When I was asked to do this review, I scratched my head. No, not because I am have descended from apes. I was merely wondering how to do this review thing differently.

The signs of recovery in the domestic economy are visible as automobiles, cement, tyres and consumer durables sectors showed better-than-expected performance during the first half of this fiscal.

The Telecom Commission on Monday approved the Rs 9,000 crore optic fibre project for the Army and the Navy in lieu of the 3G spectrum which the defence forces are vacating.

Rajesh Kamat 36 years Chief executive officer A biomedical engineer with specialisation in medical instrumentation, Kamat, who also holds a management degree, is the man behind the success of Colors.

Market regulator SEBI is understood to have asked RIL as to why it should not be barred from accessing the market in relation to violation of insider trading norms -- a charge denied by the company.

Reliance Industries may make a firm bid to acquire bankrupt chemicals and fuel maker LyondellBasell Industries AF in February 2010 after USD 20 billion of debt owned by the troubled firm is restructured.