Business News

Time may be running out for Indian companies planning to buyback their own foreign currency-denominated bonds trading at a discount.

Market regulator SEBI?s proposal to allow mutual funds (MFs) to trade on recognised exchanges through brokers has asset management companies thinking up necessary strategy changes.

Despite television, Internet and other video-games children still want to read, claims Disney Publishing Worldwide (DPW,India).

India?s largest private-sector company, Reliance Industries Limited (RIL), has submitted a bid to acquire Netherlands-headquartered petrochemicals giant LyondellBasell.

A high-powered business delegation led by Confederation of Indian Industry (CII) president-elect and co-chairman and managing director of Jubilant Organosys, Hari Bhartia, will arrive in the United States on Monday to strengthen bilateral economic relations between the two countries and forge collaborations on global challenges.

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.

With bitter experience of slowdown still etched in their memory, and expecting Reserve Bank of India (RBI) to hike interest rates in early 2010, cautious Indian consumers are refusing to loosen their purse strings. Unsure of the pace of economic growth and stock market movements, consumers are seen favouring fixed deposits to equity to park their funds.

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.

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.

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.

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.

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.

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.