Business News

Bharatstudent.com stole third place behind Orkut and Facebook with over 3 million users, according to comScore's recent list of India's top social networking sites.

If your name happens to be Abdur Razzaq or a Mohammad Selim, you may have a harrowing time buying an insurance policy.

As concerns rise over sharp rise inflow of foreign funds to India, the government will set up a joint committee under the finance ministry and Reserve Bank of India (RBI) to make recommendations on the introduction of a mechanism for auctioning external commercial borrowings (ECBs) to corporations.

Sitting in his glass-paneled cubicle at Rohan Motors, Greater Noida, Sanjiv Chaurasia, assistant sales manager, is a busy man. And a happy one. His sales team is busy attending to prospective customers, and the daily sales graph is headed north-north-east.

India, China and the United States are leading the world economy?s recovery but recovery is ?still too timid? to halt the continuing rise in unemployment, according to Organisation of Economic Cooperation and Development?s (OECD) latest economic outlook released on Thursday.

Suzlon Energy, Asia?s largest wind turbine manufacturer, has decided to divest 35 per cent stake in its Belgian company, Hansen Transmissions, through sale of shares. Hansen, listed in the London Stock Exchange, is a wind turbine gearbox manufacturer.

In a major development for the Indian steel sector, Sajjan Jindal-controlled JSW Steel and Japan?s second-largest steel maker, JFE Steel Corporation, have entered into a collaboration agreement to produce automotive steel in India as well as to explore mutual stockholding options.

Korean auto giant Hyundai Motor Corporation on Wednesday said that its Indian operations will return more profits than its other big Asian market--China, next year. India and China have been Hyundai's two big growth markets over the last decade, and are largely responsible for the carmaker's climb in the top five biggest automobile companies in the world.

Mexus Education, the educational venture by the Bilakhia Group, is poised to introduce the concept of dedicated edutainment retail, which includes books, toys, and films, in India.

If you are staying in the island city get ready for a hike in the property tax you pay the civic body.

The government on Tuesday said that the domestic cement industry will more than double from its present capacity of 242 million tonnes by 2020.

The general manager of New India Assurance Company got an earful from the Bombay High Court on Tuesday after offering to compensate a 27-year-old woman who suffered permanent disability after an accident in 1993.

Mumbai, Nov. 18 -- The civic body wants to battle its cash crunch and bolster its resources by introducing new taxes. The Brihanmumbai Municipal Corporation (BMC) earns its revenue from octroi, property tax, development charges, water and sewerage charges and education cess tax. The BMC believes these taxes have reached a saturation point and cannot be stretched further.

The government could play an active role in bringing about consolidation among the public sector banks, in case they fail to take forward the process on their own.

Now you can own a Harley Davidson jacket, or a pair of sunglasses, even as you dream and save up for the real McCoy.

One of world's leading tyre companies Michelin Group on Monday announced a truck and bus radial tyre manufacturing plant, 50 km north of Chennai to be set up with an investment of Rs 4,000 crore. The plant will be spread over an area of 290 acres and will absorb 1,500 workers locally.

Finance minister Pranab Mukherjee on Monday blamed imperfections in the farm markets and presence of intermediaries for the high food prices in the country.

To strengthen the security of India?s offshore oil and gas installations and prevent sabotage and terrorist attacks on them, the government is planning to extend the ?safety zone? around the installations to 5 nautical miles (or 8 km) from the existing 500 metres.

The government on Monday said it will raise around Rs 30,000 crore through the disinvestment of stakes in navratna public sector undertakings Steel Authority of India Ltd (SAIL) and National Mineral Development Corporation (NMDC).