It seems like that the week has not begun on a promising note from technological stocks in the US. The NASDA QComposite Index was in the red during the early trade with major tech companies like Microsoft and Dell incurring losses. Even Apple which posted strong figures for sales of its iPhone S was also [...]
Financial turmoil in Air India seems to be in its worst shape with top-brass of the carrier has been asked to forgo their salaries as well as productivity-linked incentives (PLIs), which are due to be paid in the next month. The recession-hit carrier earlier asserted payment of wages and PLIs to its workforce of around [...]
Settling waves of speculations over the arrival of monsoon, Indian Meteorological Department (IMD) asserted that there are strong signs that the system is set to get a major upheaval on Thursday. Responding to concerns over late arrival of monsoon this year, Director-General of IMD Ajit Tyagi said that the upcoming spurt could be there to [...]
Indias largest power producer National Thermal Power Corporation (NTPC) announced on Monday that it was purchasing a notable 44.6 percent stake in Kerala governments Transformers and Electricals Kerala Ltd (TELK). The state-run power generator notified that the stakes value sits at 313.4 million rupees ($6.4 million), albeit the final cost would be determined by valuation [...]
As many as 20,000 jobs could be axed by 2011 as a result of afresh capacity improvement drive by the state-owned Steel Authority of India Ltd (SAIL), according to the reports from a national daily. The reports revealed that the public sector unit is looking forward to rationalise its workforce by 15 percent of its [...]
In what could help bridging demand-supply gap in Indias natural gas domains, oil exploring behemoth Oil and Natural Gas Corporation (ONGC) has found oil-and-gas in as many as three new blocks, of which one seems slated to be its most crucial discovery in decades. The new oil and gas block at the Krishna Godavari (K-G) [...]
India is considering pulling out subsidies on retail prices of diesel and petrol, but currently has no intentions to hike pump costs following rising oil prices across the globe, said Oil Minister Murli Deora on Monday. When asked whether deregulation of fuel prices was still there on the cards with crude oil prices touching $70 [...]
Tata Motors has announced on Tuesday that it has finally decided upon the first 100,000 lucky customers who would grab the keys of the worlds cheapest car in the initial phase of allotment, with deliveries to them would kick off next month and expected to be completed by the end of the final quarter of [...]
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The BSE Sensex rose sharply today as key sectors such as power and real estate witnessed strong buying trends. The Sensex reached the 14400 mark around 2pm today and with many companies like TCS and Tata motors making storng upward movements. Incidentally the BSE reality index rosy by more than 2 percent. With European markets [...]
The government has begun making contingency strategies after the Meteorological Department on Wednesday forecasted below normal monsoon this year, with a substantial part of the country likely to face a probable drought. The food-producing region in North India could see as much as 15 percent deficit in rainfall, which could subsequently affect Indias food production [...]