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Business News

Lalit Jalan Anil Ambani-promoted Reliance Infrastructure (RInfra) has said it is expecting almost three-fold rise in revenue from the infra vertical to Rs 1,000 crore this fiscal.
Sun, 27 May 2012 17:20:36 +0530
To roll out 3G in Rwanda in next quarter: Bharti Airtel Bharti Airtel said on Sunday it would roll out 3G services in Rwanda in the next quarter and reiterated plans to invest USD 100 million in the central African country.
Sun, 27 May 2012 15:02:02 +0530
Proposal to hike duty on diesel cars on card Amid widening price difference between petrol and diesel, the Finance Ministry is looking at the possibility of raising excise duty on diesel cars, a suggestion which was mooted long back by the Oil Ministry.
Sun, 27 May 2012 12:20:56 +0530
Habil Khorakiwala Habil Khorakiwala, chairman of Wockhardt says, the company’s EBITDA margin is increasing QoQ for nine consecutive quarters. "We believe that we should be able to maintain the margin, if not improve upon it," he adds.
Sun, 27 May 2012 11:52:43 +0530
Gautam Gandhi In an interview to CNBC-TV18, Gautam Gandhi, head-new business development at Google India is very excited about the India market. “The growth here is just phenomenal."
Sun, 27 May 2012 11:00:49 +0530
KG-D6 output fall due to geological complexities: RIL srcs Refuting allegations that it has artificially suppressed gas production at KG-D6 fields, Reliance Industries today hit out at oil ministry for not honouring contractual commitments on natural gas pricing.
Sun, 27 May 2012 10:07:21 +0530
Court rejects bail plea of former Reebok India honchos A local court rejected the anticipatory bail plea of Reebok India's former MD Subhinder Singh Prem and COO Vishnu Bhagat in connection with the Rs 870 crore alleged fraud in the company.
Sun, 27 May 2012 09:00:02 +0530
How credit card companies are making a comeback After the initial boom period of 2004 to 2006, the Indian credit card industry faced one of its toughest years in 2007-09. However, it seems like the tide is turning with the sector witnessing a dramatic drop in credit card defaults in the last one year.
Sat, 26 May 2012 18:56:48 +0530
Haven't made any proposal on 2G pricing: Telecom Commission The Telecom Commission meeting held today has not made any made any recommendation on 2G spectrum pricing, reports CNBC-TV18's Siddarth Zarabi. The telecom secretary has saidthat the EGoM will take a decision based on TRAI's analysis.
Sat, 26 May 2012 16:24:40 +0530
BHEL commissions another 500 MW unit at NTPC Rihand plant State-run Bharat Heavy Electricals Ltd (BHEL) today said it has commissioned another 500 MW unit at NTPC's Rihand thermal power plant in Uttar Pradesh. The unit has been commissioned for Stage III of the Rihand Super Thermal Power Station
Sat, 26 May 2012 16:08:15 +0530
Travel sites contribute 94% of total e-commerce in India Travel contributes to almost 94% of the total e-commerce market in India and despite the current turbulence in the air, travel sites are optimistic about their growth prospects.
Sat, 26 May 2012 16:00:28 +0530
IFC plans to invest in Malaysia's Khazanah healthcare arm International Financial Corp (IFC), a member of the World Bank Group, is planning to take part in the planned USD 1.5 billion listing of Malaysia's Integrated Healthcare Holdings (IHH) in a move to help validate IHH's emerging markets strategy, according to IFC's official website.
Sat, 26 May 2012 15:12:02 +0530
Jet Air wants to boost income via ancillary activities After posting a fifth straight quarterly loss in the Jan-March quarter, Jet Airways is trying hard to prune its operating costs and improve sales. This
Sat, 26 May 2012 14:51:41 +0530
Petrol price hike: Is a partial rollback justified? Oil minister Jaipal Reddy today spoke about the double whammy of a falling rupee and an increase in crude oil price but a closer look at the data reveals a different picture - one that has the potential to punch holes in the arguments in favour of a hike.
Fri, 25 May 2012 22:18:54 +0530
S Narayan S Narayan, former bureaucrat and economic advisor to the PM, tells CNBC-TV18 his opinion about oil minister's statement of considering a rollback of the petrol price-hike after observing the trend over the next few days.
Fri, 25 May 2012 22:00:44 +0530
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Politics

The RJD supremo also accused the Nitish Kumar government of failing on all fronts.
The family members resorted to a sit-in in front of the Dilkusha guest house in Hyderabad protesting Jagan's arrest.
Mamata went to the Eden Gardens to watch the first match of KKR against Delhi Daredevils on May 5.
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India

Prime Minister Manmohan Singh reached Myanmar on Sunday evening in a first visit by an Indian PM since Rajiv Gandhi's visit 25 years ago.
A large number of police personnel have been deployed all over the city to prevent any untoward incident.
Lt Gen Avadesh Prakash is the senior-most officer to have been awarded this punishment by the Army.
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Tech

India's mobile advertising market is expected to reach Rs 144 crore by 2013.
Incidents of suicides have been on the rise inside Delhi Metro premises for the past few months.
Cyber security agencies have also asked Internet users to deploy adequate firewalls and security measures.
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