Bussines News

Kolkata, Nov 23 (IANS) While ruling out divestment of any unit under her ministry, Railway Minister Mamata Banerjee has asked the government to consider giving shares of state-run companies it planned to disinvest to the employees.

Mumbai, Nov 23 (IANS) A key Indian equities index opened on a positive note Monday and was up 0.46 percent in morning trade.

Washington, Nov 23 (IANS) Prime Minister Manmohan Singh has reiterated that India and China are not in competition as there is enough economic space for the two Asian giants to realise the growth ambitions of their countries.

Washington, Nov 23 (IANS) Describing the downturn in the US economy as a 'temporary setback,' Prime Minister Manmohan Singh has said there was no substitute to the US dollar for replacement as the global reserve currency.

Dubai, Nov 22 (IANS) The third Global Dubai Tea Forum would be organised here March 9-10, WAM news agency reported.

Kathmandu, Nov 22 (IANS) After setting the capital abuzz for months, fast food giants Kentucky Fried Chicken (KFC) and Pizza Hut Sunday finally descended on Kathmandu with a soft launch in one of the most upmarket shopping and touristy areas of the city.

Toronto, Nov 22 (IANS) Dying Canadian telecom giant Nortel has put up its optical networking and carrier ethernet business for auction.

Washington, Nov 22(IANS) India's apex industry chamber, the Federation of Indian Chambers of Commerce and Industry (FICCI)), is set to sign three MoUs for cooperation with three leading US institutions.

Mexico City, Nov 22 (EFE) Mexico's gross domestic product fell by 6.2 percent in the third quarter relative to the same period of 2008, beating analysts' expectations, authorities said.

Hong Kong, Nov 22 (DPA) A restaurant chain where food is served up in mini toilets has proved a surprise hit in Hong Kong, a news report said Sunday.

Geneva, Nov 21 (IANS) Prime Minister Manmohan Singh Saturday arrived here on his way to Washington as the first state guest of US President Barack Obama.

Abu Dhabi, Nov 21 (IANS) Thuraya Telecommunications, the United Arab Emirates based satellite operator has expanded its distribution chain in Europe, WAM news agency reported Saturday.

London, Nov 21 (IANS) Oscar-winning actress Halle Berry, who has previously spoken about the abuse she and her mother suffered at the hands of their partners, is proud of singer Rihanna for coming out of her troubled relationship.

Los Angeles, Nov 21 (IANS) Reliance Big Entertainment and Brad Pitt's production company Plan B have entered into a pact with leading video gaming firm Capcom to make the sci-fi action game 'Drak Void' into a motion picture.

Washington, Nov 20 (IANS) Prime Minister Manmohan Singh is pretty confident that the US will recover from the global economic crisis, thanks to the skills of the US business class and the US educational system.

London, Nov 20 (IANS) The Oprah Winfrey Talk Show will come to an end in 2011 after more than two decades on air, BBC reported Friday.

Mumbai, Nov 20 (IANS) A late rally by banking and energy stocks Friday helped a benchmark index close above the 17,000-point mark, up 1.41 percent, after languishing in the negative terrain for most of the day.

Hamilton, Nov 20 (IANS) As many as 32,573 Indian nationals obtained visitor visas during 2008-09 for New Zealand which has topped a survey of tourism organisations from around the world to rank the best destination brands, says official data released Friday.

Kathmandu, Nov 20 (IANS) India and Nepal Friday kicked off water-sharing talks in the Himalayan republic that will finally give a push to the massive 6,000 MW Pancheswor Multipurpose Project more than 10 years after the two governments signed a treaty to develop the hydro-power project.

Mumbai, Nov 20 (IANS) A late rally by banking and energy stocks Friday helped a benchmark index close above the 17,000-mark, up 1.47 percent, after languishing in the negative terrain for most part of the day.