Business News

Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.

New Delhi, Nov 20 (PTI) The CBDT has alerted its investigation units to pursue any information regarding the money illegally parked in overseas banks on priority basis, the Lok Sabha was informed today.

New Delhi, Nov 20 (PTI) The recent mega gold purchase by the Reserve Bank was to smoothen the exchange rate volatility arising from the changes in the valuation of US dollar, the Lok Sabha was informed today.

Lucknow, Nov 20 (PTI) The Uttar Pradesh government today approved a proposal for increasing bus fares by 21 per cent in the urban areas.

New Delhi, Nov 20 (PTI) The government today said as many as 13.46 crore farmers have been covered under National Agriculture Insurance Scheme.

Bangalore, Nov 20 (IANS) A prototype of the light combat helicopter (LCH), designed and developed by the state-run Hindustan Aeronautics Ltd (HAL), is set for its maiden flight soon, a top company official said Friday.

New Delhi, Nov 20 (IANS) Scientists Friday said that the government was in the process of formulating guidelines for regulation of probiotic foods, which have flooded the Indian markets, and the guidelines would be in place by January 2010.

India is likely to add only 78 percent of its targetted 14.5 gigawatts power capacity in the 2009/10 financial year ending March, Power Minister Sushilkumar Shinde told lawmakers on Friday.

Bangalore, Nov 20 (IANS) Global technology and manufacturing major Honeywell International is upbeat on growing its business in India in the light of opportunities emerging in aerospace, homeland security, environment and infrastructure.

India will introduce mobile number portability on Dec 31, a move that could further intensify the stiff competition in the world's fastest-growing wireless market and push call charges lower.

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.

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.

Deutsche Bank Chief Executive Josef Ackermann said the worst parts of the financial crisis are behind us, and cautioned that more time needs to be spent studying how financial bubbles occur.

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.

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.

Mumbai, Nov 19 (IANS) Indian equities closed lower Thursday on intense selling, with a key index shutting shop 226 points lower than its previous close.

New Delhi, Nov 19 (IANS) India's annual food inflation, based on wholesale prices, moved up to 14.55 percent for the week ended Nov 7 from 13.68 percent the week before, official data released Thursday showed.

Mumbai, Nov 19 (IANS) A key Indian equities index extended its losses Thursday afternoon and was ruling 269 points lower than its previous close.

Nominees for key U.S. Treasury international posts pledged on Friday to work to persuade China to change its currency practices to allow critical adjustments in global trade and economic balances.

Oil prices slipped nearly 1 percent to below $77 a barrel on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.

U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank Dec. 3, the panel said on Friday.

A former French foreign minister is expected to take charge of financial services in the European Union, diplomats said, a move that would unsettle bankers worried he may take a hard line with the industry.