Business News

26/11 terror attack: GIC pays Rs 167 crore to Taj, Trident

IE - Sun, Nov 22

Indian Hotels (which runs the Taj Mahal hotel) and EIH Ltd (which operates Oberoi Trident) have so far got Rs 167 crore as insurance claim from General Insurance Corporation (GIC Re) on account of the 26/11 terror attacks in Mumbai.

  • Satyam's internal auditor arrested IE - Sun, Nov 22

    The Central Bureau of Investigation (CBI) today arrested the internal auditor of former Satyam Computer Services Limited V S Prabhakar Rao.

  • RIL offers to buy world's 3rd largest chem co IE - Sun, Nov 22

    In a big bang acquisition move, Reliance Industries Ltd, India's most valuable company, has made a preliminary cash offer to buy a controlling stake in LyondellBasell Industries once the petrochemicals and fuels company emerges from bankruptcy.

  • ICICI Bank raises $750 mn abroad IE - Sun, Nov 22

    ICICI Bank has mopped up US$ 750 million through a five-year bond issue. The issue, made through its Bahrain branch, had an order book of over US $ 3 billion and was participated by over 250 investors. The notes were sold under the Rule 144A/Reg S format.

  • Airtel slashes roaming rates by 60 pc IE - Sat, Nov 21

    Intensifying the tariff war, the country's largest telecom operator, Bharti Airtel, on Friday slashed the roaming rates by 60 per cent to 60 paise per minute, thus becoming the second operator after Reliance Communications to do so.

  • Rajaratnam's hedge fund sells stake in Edelweiss IE - Sat, Nov 21

    US hedge fund Galleon Group LLC — the US-based hedge fund that is winding down its funds after its founder, Raj Rajaratnam, was accused of heading an insider trading ring — has sold its stake in financial services group Edelweiss Capital Ltd for around Rs 255 crore.

  • $200 billion possible from PSU stake sale: Kelkar IE - Sat, Nov 21

    India's public sector undertakings have a combined value of $300-400 billion which means by disinvesting half of its stake in them, the government could raise roughly $200 billion, reason enough for it to embark on a more ambitious disinvestment programme, the 13th Finance Commission has said.

  • Briefly Business IE - Sat, Nov 21

    'Green' GDP data from 2015
    New Delhi: In a bid to bring environmental concerns into mainstream growth accounting, the government plans to release green GDP data from 2015, environment minister Jairam Ramesh said on Friday. Green GDP is conventional gross domestic product figures adjusted for the environmental costs of economic activities.

  • Infrastructure deficit IE - Sat, Nov 21

    Infrastructure development drives real-estate development in every city. Its benefits include public facilities, safety, accessibility and connectivity, all of which have the potential to boost mass housing schemes in new areas on the outskirts and prevent migration into already-overflowing metros.

  • Reliance to venture into low-cost housing IE - Sat, Nov 21

    Mukesh Ambani-led Reliance Industries (RIL) is planning to get into no-frills, low-cost housing. The proposal, though on the drawing board, could be kicked off by 2010  

  • Tarapore for early monetary action IE - Sat, Nov 21

    Former Reserve Bank of India deputy governor SS Tarapore has called for early non-disruptive monetary policy action as any delayed measures have to be harsher if the monetary authorities dither and the macroeconomic outlook and capital inflows are misjudged.

  • TV18 to merge ops of business channels, 12 pc layoffs on cards IE - Sat, Nov 21

    With a view to align businesses and build operational synergy, media company Network18 said it would restructure operations of its flagship company TV18 India by merging broadcasting operations of two of its business news channels - CNBC TV 18 and CNBC Awaaz.

  • SteelMin against states alone deciding mining leases IE - Sat, Nov 21

    The steel and mines ministries are locked in a bitter turf war on amending the existing Mines and Minerals Development and Regulation (MMDR) Act.

  • Faceless foreign funds flooding India IE - Sat, Nov 21

    There is a sudden surge in foreign institutional investor (FII) inflows through the participatory notes (P-notes) in the last two months.

  • Dump operator but keep the number, all in Rs 19 IE - Sat, Nov 21

    Mobile users will pay at most Rs 19 to retain their old number each time they switch service provider.

  • Centre ready to pick a larger tab for primary education IE - Sat, Nov 21

    To resolve the impasse over the implementation of its ambitious programme to educate all in the 6-14 age group over the next five years, the Centre has agreed to make concessions by picking up a larger part of the Rs 1,74,000 crore bill estimated by the ministry of human resource development.

  • Beetle to cost Rs 20 lakh on high import duty IE - Fri, Nov 20

    Get ready to shell out Rs 20 lakh for the iconic Volkswagen Beetle that will hit Indian roads on December 4, courtesy a high import duty levied on the car.

  • Brazil effect: Sensex falls 213 pts, rupee down 48 paise IE - Fri, Nov 20

    Brazil's "bizarre" tax measures aimed at stemming the biggest currency rally and inflow of hot money into its capital market unnerved India's financial markets on Thursday.

  • Sugar cooperatives may become powerhouses for rural Gujarat IE - Fri, Nov 20

    Sugar cooperatives in the state might soon turn into powerhouses for rural areas if their recent proposal is accepted by the Gujarat Electricity Regulatory Commission (GERC).

  • Maharaja needs a makeover, Air India calls in 12 agencies IE - Fri, Nov 20

    As loss-hit Air India plans to rebrand itself, it may end up with a more business-like avatar of its mascot, the Maharaja — a royal in striped turban and red tunic.


Copyright © Yahoo India Pvt. Ltd. All rights reserved.
Questions or Comments
Privacy Policy -Terms of Service - Copyright Notice