Business News

  • Reliance Industries reopens 900 gas stations Reuters - Tue, Nov 24

    Reliance Industries has reopened 900 gas stations, which were shut down when state firms were selling heavily subsidised fuel, the head of the firm's refinery business, P. Raghavendran, said.

  • An employee fills a car with fuel at a petrol station in Tirana in this July 2008 file photo. REUTERS/Arben Celi
    POLL - World oil demand growth to outpace supply in 2010 Reuters - Tue, Nov 24

    Growing world oil use will likely outpace the rate of new supplies in 2010, eroding the huge stockpiles of crude which have mounted around the world since the start of the global economic crisis.

  • A man walks past the entrance of the Reserve Bank of India headquarters in Mumbai in this January 27, 2009 file photo. REUTERS/Arko Datta/Files
    Govt's easy stance exit to be careful - RBI deputy Reuters - Tue, Nov 24

    India would have to carefully exit from its more than a year long accommodative monetary stance, though economic recovery is on course, one of the Reserve Bank's deputy governors said on Tuesday.

  • Orissa probes illegal mines, halts operations Reuters - Tue, Nov 24

    An investigation against illegal mining is under way in Orissa and 128 mines of various minerals have been asked to suspend operations, Mines Minister B.K. Handique told the upper house of parliament, a government press release stated on Tuesday.

  • TEXT - S&P sees limited acquisition benefits for Reliance Reuters - Tue, Nov 24

    (The following statement was released by the rating agency)
    The consolidated financial metrics of Reliance Industries Ltd. (BBB/Negative/--), India's largest private sector company, could weaken over the next 12 months if the company proceeds with a proposal to acquire Netherlands-based LyondellBasell Industries AF S.C.A [ACCEIN.

  • China industries face a hard winter on gas shortage Reuters - Tue, Nov 24

    China's energy firms are reducing gas supplies to industry to avoid having to cut off households during winter, but risking more factory shutdowns, dampening production and raising costs as shortages may worsen.

  • A labourer works at a rice mill in Ranibazar in this June 7, 2008 file photo. REUTERS/Jayanta Dey/Files
    Govt may import rice, has enough wheat Reuters - Tue, Nov 24

    The government expects wheat supply and prices to remain manageable but the country may decide to import rice after the size of the harvest is known in two months, a top adviser of Prime Minister Manmohan Singh said on Tuesday.

  • Twitter eyes acquisitions, sees making money in 2010 Reuters - Tue, Nov 24

    Micro-blogging site Twitter is interested in making more acquisitions as it continues to grow in popularity, co-founder Biz Stone said on Tuesday.

  • Workers pull a hand-cart in front of the Bombay Stock Exchange (BSE) building in this May 2009 file photo. REUTERS/Punit Paranjpe
    BSE Sensex drops 0.3 pct; Reliance, ITC ease Reuters - Tue, Nov 24

    The BSE Sensex shed 0.3 percent percent on Tuesday as lower global markets triggered profit taking in stocks such as Reliance Industries and ITC.

  • Reliance reopens 900 gas stations - official Reuters - Tue, Nov 24

    Reliance Industries has reopened 900 gas stations, which were shut down when state firms were selling heavily subsidised fuel, the head of the firm's refinery business, P. Raghavendran, said.

  • Ford's 'Figo' car stands on display during its launch ceremony in New Delhi in this September 2009 file photo. REUTERS/B Mathur
    Ford looks to small cars for Indian growth Reuters - Tue, Nov 24

    U.S. auto maker Ford Motor will launch a new car model in India every 12-15 months over the next five years, with its new Figo small car to drive a tripling of sales in 2010, its India head said Tuesday.

  • A money changer counts U.S. dollars in Mumbai in this May 21, 2003 file photo. REUTERS/Arko Datta/Files
    No strong inflow measures now - PM adviser Reuters - Tue, Nov 24

    India can absorb nearly $100 billion in capital inflows, nearly double for what is on track this year, before it needs to take strong restrictive measures, one of the prime minister's top advisers said on Tuesday.

  • A labourer works at a rice mill in Ranibazar in this June 7, 2008 file photo. REUTERS/Jayanta Dey/Files
    Reuters Summit - Govt may import rice after 1-2 months - PM adviser Reuters - Tue, Nov 24

    NEW DELHI (Reuters) The government expects wheat supply and prices to remain manageable but the country may decide to import rice after the size of the harvest is known in two months, a top adviser of Prime Minister Manmohan Singh said on Tuesday.

  • INTERVIEW - Cap controls in India not imminent - Ing Vysya Reuters - Tue, Nov 24

    Capital controls to curb foreign inflows are not imminent but some easing measures could be partly reversed once the economic recovery is clearly established, head of treasury at Ing Vysya Bank, said on Tuesday.

  • People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai July 31, 2009. REUTERS/Punit Paranjpe/Files
    BSE looks to list, innovate Reuters - Tue, Nov 24

    The Bombay Stock Exchange (BSE), under the aegis of its youngest-ever chief executive and a new top team, is looking to list and innovate to win back market share lost to upstart rivals.

  • Jindal Steel unit to set up 1,600 MW power plant Reuters - Tue, Nov 24

    Jindal Steel & Power said on Tuesday its unit Jindal Power will be setting up a 1,600 MW hydro power plant on the tributary of Subansiri river in the north-eastern state of Arunachal Pradesh.

  • A worker walks past a Japan Airlines plane before takeoff at the Taoyuan International Airport in this October 30, 2009 file photo. REUTERS/Nicky Loh/Files
    JAL tumbles to record low on bankruptcy jitters Reuters - Tue, Nov 24

    Shares of Japan Airlines Corp slid to a record low on Tuesday on growing investor worries that Asia's largest airline by revenue could face bankruptcy as it struggles to agree pension cuts.

  • Stock brokers look at their screens at UniCredit's Warsaw branch in this February 2, 2009 file photo. REUTERS/Peter Andrews/Files
    GLOBAL MARKETS - Bank worries, profit-taking hits stocks Reuters - Tue, Nov 24

    Financial markets did a quick about-face from the previous session's patterns on Tuesday with stocks falling, the dollar recovering some losses and gold dropping back a bit from record highs.

  • A worker sifts wheat at a grain market in Chandigarh in this April 4, 2009 file photo. Indian importers have bought small volumes of Australian wheat in recent weeks, the first such purchases in two years, but bulk purchases are unlikely as stockpiles amount to nearly 3 times reserve targets. REUTERS/Ajay Verma/Files
    ANALYSIS - Bulging stocks will limit Indian wheat imports Reuters - Tue, Nov 24

    Indian importers have bought small volumes of Australian wheat in recent weeks, the first such purchases in two years, but bulk purchases are unlikely as stockpiles amount to nearly 3 times reserve targets.

  • Playboy to outsource most magazine ops - WSJ Reuters - Tue, Nov 24

    Reuters - Playboy Enterprises Inc will outsource most of the business operations of its namesake magazine in an effort to curb losses, the Wall Street Journal said on Tuesday.


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