Business News

Semi-conductors, ever since they were invented, have never stopped changing the world. And now they are altering the reading habits drastically.

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).

New Delhi, Nov. 16 -- Shoppers Stop plans to open around 15 new stores over the next three years. The new stores would add around one million square feet space under its operation and take the company to five more cities. The company would spend close to Rs 250 crore for its expansion plans, wherein a major part of it would be sourced through internal accruals.

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.

Mukesh Ambani managed Reliance Industries Ltd (RIL), which operates India?s biggest gas field, will finally be able to use its own gas being produced in the Krishna Godavari (KG) basin and sold at $4.2 (Rs 193) per unit.

Reliance Communications (RCOM) on Monday announced launch of mVDO service that will allow its subscribers to watch, share, search and upload video on their mobile phones.

United Technologies Corporation (UTC), with revenues of Rs 274 lakh crore ($58.7 billion) in 2008 and having under its umbrella, iconic brands like Otis, Carrier, Sikorsky, Pratt & Whitney, Hamilton Sundstrand and UTC Power, is stepping up initiatives to grow its business in India.

You will now have the option of buying and selling mutual funds (MFs) through brokers at stock exchanges. The fee you could be in the region of 0.25 to 0.5 per cent of the amount invested.

The country is reeling under the impact of steep 13. 68 per cent rise in a number of food items pummelled by a supply crunch in staple potatoes.

The Bombay Stock Exchange?s benchmark Sensex continued to regain lost ground on Wednesday, rising by 409 points or 2.5 per cent to close at 16,849.6.

The fiscal correction to set right imbalances between revenues and expenditure may time as the government is in no hurry to withdraw the incentives announced as part of measures to stimulate and revive growth in the economy over the past year in the wake of a global economic downturn, Finance Minister Pranab Mukherjee signalled on Tuesday.

This may come as a surprise, but India is miles ahead of its massive neighbour China in, of all the things, prosperity!

The US economy exited severe recession in the third quarter, posting the strongest growth in two years as government stimulus boosted consumer spending, government data showed on Thursday.

The proposed public issue of Coal India Limited (CIL) has reached the regulatory corridors, with the Securities and Exchange Board of India (SEBI) suggesting that the allotment of shares and stock options to employees of CIL can be done prior to the proposed public issue.

The UK-based Hardy Oil and Gas Plc ? the 10 per cent joint venture partner of Reliance Industries Ltd (RIL) in the D9 exploration block in the Krishna Godavari basin ?on Friday informed the London Stock Exchange (LSE) that the first exploration well in the block will have to be abandoned after encountering ?poor reservoir sands?.

In the midst of the recession, New Yorkers are cutting back on everything from dining to luxury shopping. Cafe des Artistes, one of the Big Apple's most storied restaurants, closed in August, in part because of poor business. Chanterelle followed this month. In July, J.C. Penney opened its first Manhattan location, citing local demand for discount merchandise.

The Great Recession is rewriting the rules of American poverty. Data from the Census Bureau, released in September, show that during the first year of the recession, incomes fell farther and poverty leaped higher than during almost any other time in a generation.