Business News

Thane, Jul 3 (PTI) Maharashtra Power Generation and Distribution companies have under taken infrastructure works to the tune of thousands of crores of rupees for electricity consumers in Thane, Vashi and Kalyan circles.

For Hyundai Motor Co, things could hardly be going better: last month, it won top marks in a U.S. quality survey, its sales rose in a sliding global market and even its share price is back up above pre-crisis levels.

New Delhi, July 3 (PTI) Even though its demand for lowering iron ore freight rate was not met, the steel industry today welcomed the Railway Budget and said the expansion of railways would create more demand for the commodity.

Mumbai, Jul 3 (PTI) Trades that witnessed unusual price movements in Thursday's trading due to technical glitches on Bombay Stock Exchange would stand, an exchange official said.

Colombo, Jul 3 (PTI) Sri Lanka's tea export volume fell sharply by 17 per cent in the first five months of this year as a result of a drought in the country, officials said today.

Shoppers Stop, India's premium fashion and lifestyle destination, organized the 'Salwar Kameez Dupatta Exchange Offer' in association with the Concern India Foundation (CIF).

The ambitious makeover project for the Mantralaya precinct has finally generated interest among developers, yet another indicator of the renewed optimism in the real estate sector.

Exide Industries Ltd, a manufacturer of lead acid storage batteries and provider of power storage solutions, has announced that the company management and the union have entered into a total of six 'settlement agreements' related to salary and wages.

Two days after Reliance Industries said it would move the Surpeme Court against the Bombay High Court's order on gas supply, Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) on Friday filed a special leave petition (SLP) in the Supreme Court, seeking directions from the apex court to RIL to execute a bankable agreement in accordance with the High Court's findings.

To fix the responsibility of national carrier's current financial mess, the Air Corporation Employees Union (ACEU) has demanded a CBI probe into the affairs of the Maharaja.

A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.

Colombo, July 3 (DPA) The British government has relaxed travel restrictions on its citizens visiting Sri Lanka nearly five weeks after Tamil separatist rebels were defeated to end a more then 30-year war in the South Asian country, the British high commission in Colombo said Friday.

Oracle Corp's plan to buy computer maker Sun Microsystems will be notified to European Union antitrust authorities this month, a source familiar with the deal said on Friday.

Tokyo/New Delhi, July 3 (IANS) India and Japan Friday held their third annual strategic dialogue in Tokyo and decided to fast-track negotiations on a comprehensive economic partnership agreement.

Kathmandu, July 3 (IANS) King of pop Michael Jackson's untimely death last week spurred fresh public interest in him worldwide. Now an enterprising restaurant in Kathmandu, a city that was not in the singer's ken, is hoping to cash in on that.

New Delhi, July 2 (IANS) Engineering and construction major Punj Lloyd has bagged three contracts worth Rs.1,873.18 crore ($392 million) from the Housing and Infrastructure Board of Libya, the company said Thursday.

Mumbai, July 1 (IANS) A key index of the Indian equities markets ended trade Wednesday 144 points above its last closing figure, as realty, energy and banking stocks picked up.

Mumbai, July 1 (IANS) Realty, energy and banking stocks gave a boost to a key index of the Indian equities markets, which rose from the red about an hour before closing bell Wednesday to trade more than 193 points above its last closing figure.

New Delhi, July 1 (IANS) Passenger car manufacturer Hyundai Motor Wednesday said its sales (including exports) rose 17.6 percent to 47,267 units in June as against 40,182 units in the same month last year.

New Delhi, July 1 (IANS) India's merchandise exports continued to suffer a setback this fiscal to register a decline for the second straight month with the value of shipments 29.2 percent lower at $11.01 billion in May over the same month of last fiscal.

The rupee recouped early losses and rose on Friday, helped by gains in local shares ahead of the budget but the dollar's strength against major currencies curbed a further increase.

HDFC Bank expects to see another round of domestic fuel price hikes by October due to rising crude prices, it said in a note on Friday.

Germany's Bundestag lower house of parliament approved a "bad bank" plan on Friday that aims to relieve banks by enabling them to shift billions of euros in troubled assets off their books.

The BSE Sensex shrugged off an early fall and rose 1.7 percent on Friday, as investors covered their short positions ahead of an updated budget on Monday and helped the market to post its second consecutive weekly gain.

The railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances.