Business News: General

With ministries of Petroleum and Finance bickering over specific steps to provide hard cash to loss-making state-run oil marketing companies, Prime Minister Manmohan Singh today directed Petroleum Minister Murli Deora to club all possible options, including a 3 per cent cess on income tax, and bring it to the Cabinet on Thursday for a decision.

New Delhi, May 24 (PTI) Gold prices recovered to trade at Rs 12,980 per 10 gram on the bullion market here today on emergence of buying by stockists and jewellery fabricators influenced by a firm

John Reese, Validea, Forbes.com
As the chairman of a company that has about $280 billion in total assets--including more than $35 billion in cash--

New Delhi, May 22 (PTI) As global crude prices shot to a record 135 dollar a barrel increasing import cost of state-run oil companies, Prime Minister Manmohan Singh today said the government

New Delhi, May 22 (PTI) With crude oil prices bolting past USD 135 a barrel-level, draining oil companies of their already limited finances, Petroleum Minister Murli Deora is likely to tell Prime

Blamed for a spike in food prices, its environmental benefits increasing disputed, ethanol production nonetheless is booming in the United States, where factories are multiplying to keep up with demand.

Jim Oberweis, The Oberweis Report, Forbes.com
Market bottoms are like giving birth. The exact moment is hard to predict, but it is always painful. Though it sometimes takes longer than you'd guess, you know it is coming. And once it is over, it sure feels better.

It may not be as glamorous, but the stock market also sees the trends changing as per the season -- just like the fashion industry.

Mumbai, May 9 (PTI) Bank depositors, who have locked in money for tenure of less than one year, could be the major losers and earn negative interest rate on their fixed deposits if high inflation

New Delhi, May 8 (PTI) Gold prices today rose by Rs 35 to Rs 11,855 per 10 gram for the fourth straight day in the bullion market here today on scattered buying by retail customers.

Steel companies, battling government allegations of cartelisation and stoking inflation, today offered to cut prices across the board after a meeting with Prime Minister Manmohan Singh.

New Delhi, May 7 (PTI) No-frill carriers begin aggressive marketing to attract passengers despite skyrocketing jet fuel prices that have engulfed financial health of the aviation industry.

New Delhi, May 6 (PTI) Expanding the air services network between the two countries, India and Iran have entered into an understanding to allow 23 flights each week by their designated

Country's financial capital Mumbai is the worlds' seventh largest city in terms of billionaire population, says Forbes, the American business magazine famous for its annual list of richest people on the globe.

Corporates can undertake affirmative action by recruiting people on the basis of potential and not on merit alone, as part of the Corporate Social Responsibility initiatives, Planning Commission Member Kirit Parikh suggested.

Kochi, May 5 (PTI) The Kerala economy, heavily dependent on remittances by non-residents, has taken a severe blow due lower realisation of rupee for foreign currency, says a study which has

India, now under scrutiny due to rice export curbs and growing consumption that have helped drive grain prices to record highs, could help ease global food security fears, M S Swaminathan, the country's most revered rural economist, said.

New Delhi, May 1 (PTI) Terming Inflation as a key challenge, the Confederation of Indian Industry today said the government is worried, but not panicked, that rising prices may go to levels where

Bottlenecks continue to delay the Sipat project with NTPC now having reservations on giving a fresh application to the Chhattisgarh government for restoring water supply to the project.

Prime Minister Manmohan Singh's appeal to all political parties not to politicise the inflation issue and not to indulge in "scare mongering" had the Left fuming today as it launched an attack on him.