Bussines News

New Delhi, Nov 5 (IANS) The Supreme Court Thursday began hearing afresh the dispute over gas from Krishna-Godavari basin, assigned to Reliance Industries, with the Anil Ambani Group once again accusing the oil ministry of colluding with the Mukesh Ambani firm.

New Delhi, Nov 5 (IANS) The 'Ashok' brand of premium hotels, owned by the state-run hospitality major India Tourism Development Corp (ITDC), will now be prefixed or suffixed on properties owned by six private firms.

Kolkata, Nov 5 (IANS) Tata Chemicals Thursday said its fertiliser plant in Babrala, Uttar Pradesh, will start production by middle of next year.

Kolkata, Nov 5 (IANS) The Communist Party of India-Marxist (CPI-M) Thursday demanded that the centre stay away from divestment of public sector companies as it would impact the country's economy.

Chandigarh, Nov 5 (IANS) Punjab Chief Minister Parkash Singh Badal Thursday rejected the hike of Rs.20 per quintal in the minimum support price (MSP) of wheat announced by the central government, saying it was 'too meagre'.

New Delhi, Nov 5 (IANS) Delhi Chief Minister Sheila Dikshit Thursday said that the national capital should get some share in the toll tax collected at Noida and Gurgaon.

New Delhi, Nov 5 (IANS) Nearly a fortnight after they began their stir, meat traders in the capital called off their strike Thursday. According to Delhi Mayor Kanwar Sain, the traders will move to the new slaughterhouse in Ghazipur 'as soon as it is practically possible'.

Mumbai, Nov 5 (IANS) Buoyed by the government's decision to offload at least 10 percent stake in all profit-making state-run firms, a key index of Indian equities markets Thursday climbed up in the last minutes of trading to shut shop above the 16,000-mark.

Shillong, Nov 5 (IANS) Following a series of protests by environmentalist and political groups, the Meghalaya government has put on hold the infrastructure development work in the area where uranium is proposed to be mined.

New Delhi, Nov 5 (IANS) The government Thursday hiked the minimum support price (MSP) of wheat by Rs.20, barley by Rs.70 and gram by Rs.30 per quintal for the current rabi crop.

New Delhi, Nov 5 (IANS) Climate-friendly policies not only reduce greenhouse gas emissions and bring environmental benefits, they also boost and diversify the economy, reveals a recent study analysing some 100 climate policies of G20 countries.

New Delhi, Nov 5 (IANS) Information and Broadcasting Minister Ambika Soni Thursday said the government was assessing the request of media houses to scale up FDI from the existing 26 to 49 percent in the print media and promised her support to the recession-hit magazine business in India.

Thiruvananthapuram, Nov 5 (IANS) Kerala believes Scandinavian nations are among the biggest sources of tourists to the state, and has sent one of the largest travel delegations on a roadshow to the region.

Hyderabad, Nov 5 (IANS) Corporate Affairs Minister Salman Khurshid Thursday said a proposal to allow shareholders decide the salaries of company executives was before parliament.

Shanghai, Nov 5 (IANS) Wang Chuanfu, chairman of electric car and battery maker BYD, has become China's richest person, according to an annual rich list released by Forbes Thursday.

New Delhi, Nov 5 (IANS) Encouraging use of solar power, increase in use of energy-saving lighting, setting up of an electronic waste facility, more CNG buses, promoting use of bio-fuel and shutting down coal-fired power plants form the highlights of the Delhi government's 65-point three-year agenda to fight climate change.

Tokyo, Nov 5 (DPA) The Japanese electronics company Panasonic Corp Thursday began its planned takeover of the battery manufacturer Sanyo Electric Co Ltd.

Panaji, Nov 5 (IANS) Public sector undertakings, especially nationalised banks, often ignore financial crimes in their internal audits and sometimes even delay the prosecution of their accused employees, a senior Central Bureau of Investigation (CBI) official said here Thursday.

Hyderabad, Nov 5 (IANS) Corporate Affairs Minister Salman Khurshid Thursday denied that the government has asked the Serious Fraud Investigation Office (SFIO) to stop probing the Rs.78,000-crore Satyam accounting scam.