Ninja kick

Friday, November 20, 2009 11:13:17 PM IST

Addicted to speed? Fancy a superbike that’s out of reach? Try the latest mini sportbike from the Kawasaki stable — the Ninja 250R, writes Rishad Cooper. See graphics

Indian economy likely to grow 8 pc next fiscal: Nomura

Friday, November 20, 2009 10:12:56 PM IST

The Indian economy is likely to grow by eight per cent in the next fiscal, propelled by domestic demand, financial services firm Nomura has said.

Nokia to axe 330 jobs in Finland, Denmark

Friday, November 20, 2009 9:20:12 PM IST

Handset giant Nokia on Saturday said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations.

Name similar to terrorist? You may not get insurance

Friday, November 20, 2009 8:52:43 PM IST

If your name happens to be Abdur Razzaq or a Mohammad Selim, you may have a harrowing time buying an insurance policy, report Jaidev Majumdar & Falaknaaz Syed.

Indian consumers still cautious, playing safe

Friday, November 20, 2009 8:49:15 PM IST

With bitter experience of slowdown still etched in their memory, and expecting Reserve Bank of India (RBI) to hike interest rates in early 2010, cautious Indian consumers are refusing to loosen their purse strings, reports HT Correspondent.

US lawmakers threaten sanctions on China over currency

Friday, November 20, 2009 8:45:26 PM IST

US lawmakers criticised US President Barack Obama’s administration for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods.

Hari Bhartia to lead CII Biz team to US

Friday, November 20, 2009 8:40:58 PM IST

A high-powered business delegation led by CII president-elect and co-chairman and managing director of Jubilant Organosys, Hari Bhartia, will arrive in the US to strengthen bilateral economic relations between the two countries and forge collaborations on global challenges, reports HT Correspondent.

Govt panel on ECB auctioning

Friday, November 20, 2009 8:35:53 PM IST

As concerns rise over sharp rise inflow of foreign funds to India, the government will set up a joint committee under the finance ministry and RBI to make recommendations on the introduction of a mechanism for auctioning ECBs to corporations, report Anupama Airy and Gaurav Choudhury.

Centre clears Rs 7,300-cr roads for Naxal belt

Friday, November 20, 2009 8:32:30 PM IST

The government is building a "concrete road network" right through India's Naxalite corridor that criss-crosses eight states, reports Samiran Saha.

Rise in the air, this fall?

Friday, November 20, 2009 8:22:43 PM IST

There is a spring in the step of India Inc, but inflation remains a big worry, reports Sanjib Baruah.

Late rally pushes Sensex above 17,000-point mark

Friday, November 20, 2009 8:06:11 PM IST

A late rally by banking and energy stocks on 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.

Controversial social network ranks third

Friday, November 20, 2009 5:36:24 PM IST

Bharatstudent.com stole third place behind Orkut and Facebook with over 3 million users, according to comScore's recent list of India's top social networking sites, reports Rohan Koshy.

Nokia says it will cut 330 jobs in Finland, Denmark

Friday, November 20, 2009 4:54:47 PM IST

Nokia, the world's biggest mobile phone maker, said it would shed about 330 jobs in Finland and Denmark as part of a streamlining of its research and development operations.

Disinvest, use money for green assets: Finance Commission chief

Friday, November 20, 2009 4:48:19 PM IST

The government should sell off half its public sector undertakings and use the $200 billion it will thus make to build environmental assets, 13th Finance Commission Chairman Vijay Kelkar said here on Friday.

Sony slides to 4-mth low, plan fails to inspire

Friday, November 20, 2009 4:33:46 PM IST

Shares of Sony Corp fell to their lowest in nearly four months after the electronics maker announced a new business strategy that failed to encourage investors of its growth prospects.

Silver to touch Rs 31,250 soon: Industry body

Friday, November 20, 2009 2:44:13 PM IST

Silver is likely to become expensive in the coming days globally, as investors have gone gung-ho over the white metal in the last two months, according to a latest report by an industry body.

Airtel reduces roaming rates

Friday, November 20, 2009 1:23:46 PM IST

Bharati Airtel reduces roaming rates by almost 60 per cent as part of their new bill plan on Friday.

Sensex down 118 points in opening trade on global cues

Friday, November 20, 2009 10:35:20 AM IST

The Bombay Stock Exchange benchmark index Sensex lost nearly 118 points in opening trade today on increased capital inflows by funds and retail investors, triggered by weak global markets.

Google PC will start in seven seconds or less

Friday, November 20, 2009 9:30:12 AM IST

New Google Inc software will start up a computer as fast as a television can be turned on, the search company said on Thursday as it showed off its Chrome operating system designed for PCs that do their work on the Web.

Yahoo jumps on Twitter bandwagon to improve search

Friday, November 20, 2009 8:20:41 AM IST

Yahoo is jumping on the Twitter bandwagon in its latest attempt to improve its Internet search engine and lure back some of its dwindling audience.

Lodha chalks out expansion plan, 5 new projects soon

Thursday, November 19, 2009 11:01:25 PM IST

The Mumbai-based Lodha Developers has chalked out definite plans to utilise Rs 2,790 crore mopped up through its initial public offer (IPO), expected by the end of this financial year.

India, China lead global economic recovery: OECD

Thursday, November 19, 2009 10:57:41 PM IST

India, China and the US are leading the world economy’s recovery but recovery is “still too timid” to halt the continuing rise in unemployment, according to Organisation of Economic Cooperation and Development’s latest economic outlook released, reports HT Correspondent.

India Inc backs e-voting, but transparency still an issue

Thursday, November 19, 2009 10:53:54 PM IST

e-Voting platform launched by CDSL Ventures Ltd (CVL), the cost affective, convenient and quick mode of getting shareholders approval has found favour with India Inc.

Liases Foras launches Ressex, a real estate index

Thursday, November 19, 2009 10:49:58 PM IST

In a move to unravel the mystery surrounding the real estate sector, Liases Foras, one of India’s premier real estate research firms, has launched Ressex, a pan-India sensitive index for the real estate sector.

Singapore woos Indian workers

Thursday, November 19, 2009 10:43:11 PM IST

Contact Singapore, promoted by the Singapore Economic Development Board and the Ministry of Manpower, is holding a programme for engineering students next month to visit the island nation and work for a week in manufacturing and financial services companies there.

NTPC suit valid, Govt tells SC

Thursday, November 19, 2009 10:12:26 PM IST

Solicitor General Gopal Subramanium on Thursday clarified to the Supreme Court that its stand before the court has not “jettisoned the interest of the NTPC that is contesting with the Reliance Industries Limited before Bombay HC over the pricing of gas, reports HT Correspondent.

JFE, Jindal in pact to make automobile steel

Thursday, November 19, 2009 10:07:39 PM IST

In a major development for the Indian steel sector, Sajjan Jindal-controlled JSW Steel and Japan’s second-largest steel maker, JFE Steel Corporation, have entered into a collaboration agreement to produce automotive steel in India as well as to explore mutual stockholding options, reports HT Correspondent.

...but the poor continue to pay the inflation tax

Thursday, November 19, 2009 10:04:38 PM IST

The country is reeling under the impact of steep rise in a number of food items pummelled by a supply crunch in staple items such as potatoes, cereals and pulses.

Suzlon to sell 35% stake in Belgian subsidiary

Thursday, November 19, 2009 9:58:46 PM IST

Suzlon Energy, Asia’s largest wind turbine manufacturer, has decided to divest 35 per cent stake in its Belgian company, Hansen Transmissions, through sale of shares. Hansen, listed in the LSE, is a wind turbine gearbox manufacturer, reports HT Correspondent.

Gold turns too dear

Thursday, November 19, 2009 9:53:02 PM IST

The lust for the yellow metal has taken the commodity to its all-time high price of more than Rs 17,000 per 10 gm, led by a fall of 55 per cent in India, global demand fell 49 per cent in the third quarter, according to World Gold Council.

Gold, silver retreats from record high on profit-taking

Thursday, November 19, 2009 8:39:06 PM IST

Both the precious metals, gold and silver retreated from its overnight record highs on the bullion in Mumbai today due to reduced off-take from stockists and retailers at higher levels.

RNRL's conditional nod for govt as party in gas dispute

Thursday, November 19, 2009 4:44:23 PM IST

RNRL gave its consent in the Supreme Court to the oil ministry becoming a party in the dispute over supply of gas from Reliance Industries Ltd (RIL) but without giving up the right to cross-examine its officials.

No plan to hike oil prices soon: Secy

Thursday, November 19, 2009 4:23:35 PM IST

The government is not considering at present to raise petrol and diesel prices in line with the firming international crude rates, Petroleum Secretary RS Pandey said.

Mukesh Ambani is India's richest

Thursday, November 19, 2009 1:36:41 PM IST

Mukesh Ambani has emerged the wealthiest person in India with a net worth of $32 billion, as the number of Indian billionaires in Forbes' "India Rich List" this year has nearly doubled to 52, thanks to the rebound in stock markets.

Food inflation rises to 14.55 per cent

Thursday, November 19, 2009 1:32:19 PM IST

Food inflation shot up to 14.55 per cent for the first week of November as pulses, mutton and spices turned costlier.

Sensex down 29 points amid mixed Asian cues

Thursday, November 19, 2009 10:41:34 AM IST

The market on Thursday remained under pressure with the benchmark Sensex falling by 29 points on fresh profit selling amid mixed Asian cues.

US stocks fall slightly on technology earnings

Thursday, November 19, 2009 8:09:56 AM IST

US stocks posted modest losses on poor profit forecasts from technology firms and a surprising dip in home construction.

BSNL contract stuck between security and rule

Thursday, November 19, 2009 1:14:47 AM IST

Caught between security concerns and transparency issues, the fate of state-owned Bharat Sanchar Nigam Ltd’s (BSNL) tender for procuring equipment and installing 93 million mobile telephone lines — and through it the company’s growth — has turned static. Manoj Gairola examines...

Flight delayed due to fog? Snack while you wait

Thursday, November 19, 2009 12:08:40 AM IST

All airlines will provide flight status messages through SMS during the fog season. The Directorate General of Civil Aviation has issued a slew of guidelines to ensure smooth flight operations and least inconvenience to passengers when fog hits Delhi’s Indira Gandhi International Airport.

‘Pvt deal against govt’s gas policy’

Wednesday, November 18, 2009 11:24:57 PM IST

The ministry of oil and petroleum natural gas said the two Ambani brothers could not have entered into a private agreement to trade gas because it was against government’s gas utilisation policy. HT Correspondent reports.

JHM Interstate to open 9 more budget hotels

Wednesday, November 18, 2009 11:22:46 PM IST

The third party hotel management company, JHM Interstate Hotels India, has chalked out plans to expand its operations in the country. The company will have nine hotels in its kitty by the end of 2010. HT Correspondent reports.

Ginger hotels on expansion spree

Wednesday, November 18, 2009 11:20:16 PM IST

Buoyed by extraordinary response from cost conscious corporate clients, Ginger, the low-cost hotel chain from the house of Tatas, is planning to set up second hotels in Ahmedabad and Bengaluru apart from expanding in other locations. Lalatendu Mishra reports.

Bilakhia eyes edutainment retail market

Wednesday, November 18, 2009 11:18:22 PM IST

Mexus Education, the educational venture by the Bilakhia Group, is poised to introduce the concept of dedicated edutainment retail, which includes books, toys, and films, in India. Rachit Vats reports.

Exclusive SEZ for aerospace in Belgaum

Wednesday, November 18, 2009 11:15:22 PM IST

Quest Global has launched the first aerospace special economic zone in the country that houses an engineering facility, a precision machining facility and a sheet metal facility. HT Correspondent reports.

BHP-Rio Tinto deal under fire from steel makers

Wednesday, November 18, 2009 11:13:04 PM IST

European steel makers have called on EU anti-trust regulators to block a joint venture between the world’s No. 2 and No. 3 iron ore miners, BHP Billiton and Rio Tinto, that they claimed could hike prices for iron ore.

Hyundai India to see more profits than China in ’10

Wednesday, November 18, 2009 11:10:33 PM IST

Korean auto giant Hyundai Motor Corporation on Wednesday said that its Indian operations will return more profits than its other big Asian market--China, next year. HT Correspondent reports.

Rothschild eyes disinvestment pie

Wednesday, November 18, 2009 10:29:07 PM IST

Leading global investment bank, Rothschild is keen to get associated with India's big-ticket disinvestment starting with state-owned Coal India Ltd, where the government plans to disinvest 10 to 15 per cent of its equity stake. Anupama Airy reports.

SEBI wants listing within 7 days of IPO

Wednesday, November 18, 2009 10:15:54 PM IST

To unlock the money invested in a public offer faster and reduce risk to investor, CB Bhave, Chairman of Securities and Exchange Board of India opined that companies should list within seven days of IPO. At present the period is 20 days. HT Correspondent reports.

Tokyo calling

Wednesday, November 18, 2009 9:56:04 PM IST

The theme of this year’s Tokyo Motor Show, held from October 23 to November 4, was ‘fun driving for us, eco driving for the earth’, and we saw some quirky models as well as the latest alternatively fuelled vehicles.

RIL can't enter private pacts for gas supply: Oil ministry

Wednesday, November 18, 2009 4:41:40 PM IST

The oil ministry today asserted before the Supreme Court that the government's production-sharing contract with the Mukesh Ambani-led Reliance Industries Ltd bars the company from private arrangements to supply gas.

Microsoft told to stop some Windows sales in China

Wednesday, November 18, 2009 4:27:48 PM IST

A Beijing court has ordered Microsoft Corp. to stop selling some versions of its Windows operating system in China in a licensing dispute with a local supplier.

Ratan Tata searches for successor

Wednesday, November 18, 2009 3:37:55 PM IST

Ratan Tata (71), chairman of the Tata Group, is planning to call it a day. India’s second largest conglomerate — after Mukesh Ambani’s Reliance Industries — is scouting for a successor. HT Correspondent reports.

Inbuilt checks on foreign funds if distortions arise: Mukherjee

Wednesday, November 18, 2009 1:55:17 PM IST

With inflows from foreign funds exceeding $15 billion this year and hardening of the rupee, Finance Minister Pranab Mukherjee on Wednesday said India has a system of monitoring such flows and will take counter-steps if distortions emerge.

Court rules against Microsoft in China font case

Wednesday, November 18, 2009 1:11:03 PM IST

A Chinese court has ruled Microsoft Corp. infringed a Chinese company's intellectual property rights by including certain fonts in its operating systems, the companies confirmed.

India may have to import rice this year: Mukherjee

Wednesday, November 18, 2009 12:49:49 PM IST

Expecting a 14-15 million shortfall in paddy production and procurement this year, India may import rice to shore up its stocks, Finance Minister Pranab Mukherjee said in New Delhi on Wednesday.

Vikram Pandit stays at Citigroup with $1 annual salary

Wednesday, November 18, 2009 12:36:37 PM IST

Banking giant Citigroup's Indian-American Chief Executive Vikram Pandit will continue to work for an annual salary of $1 even as the group raised the annual base salary for two of its executives.

Toyota sales up 5 percent, first rise in 15 months

Wednesday, November 18, 2009 11:16:44 AM IST

The global sales of Toyota increased five percent in October from a year earlier to about 640,000 vehicles. Its the first such recorded rise in 15 months, Kyodo News reported on Wednesday, citing unnamed company sources.

Sensex recovers early losses, IT stocks surge

Wednesday, November 18, 2009 10:34:36 AM IST

Led by a fresh surge in IT shares, the benchmark Sensex recovered early losses and traded in the green at 1015 hours today amid mixed Asian cues.

BSNL not to join Zain consortium: Report

Wednesday, November 18, 2009 10:20:26 AM IST

Bharat Sanchar Nigam Ltd is unlikely to join a consortium looking to buy a 46 per cent stake in Kuwaiti telecom Zain, a leading newspaper reported on Wednesday, citing unnamed sources.

Hershey, Ferrero in talks over Cadbury: source

Wednesday, November 18, 2009 10:10:11 AM IST

Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc.

NASA, Microsoft take Web surfers to Mars

Wednesday, November 18, 2009 9:52:25 AM IST

NASA and Microsoft launched an interactive website that allows Web surfers to become Mars explorers. The "Be a Martian" website invites members of the public to help scientists perform such research tasks as improving maps of the red planet, the US space agency and US software giant said.

Morgan Stanley, MUFG to revise brokerage merger: reports

Wednesday, November 18, 2009 9:48:35 AM IST

US financial giant Morgan Stanley plans to keep control of part of its brokerage operation in Japan, revising a merger plan with Mitsubishi UFJ Financial Group (MUFG), news reports said Wednesday.

Oil rises toward $80 after APIs show big crude draw

Wednesday, November 18, 2009 8:29:27 AM IST

Oil rose towards $80 a barrel, supported by an industry report that showed crude stocks in the US fell steeply last week, but limited by US economic data that painted a picture of a slow recovery.

Telecom giants converge at Asia's top mobile show

Wednesday, November 18, 2009 7:34:07 AM IST

Leaders of Asia Pacific telecom giants meet in Hong Kong today for the industry's top trade show in the region as they vie to dominate the world's fastest-growing and most diverse mobile market.

Cement sector to more than double by 2020: Scindia

Wednesday, November 18, 2009 12:07:30 AM IST

The government on Tuesday said that the domestic cement industry will more than double from its present capacity of 242 million tonnes by 2020. HT Correspondent reports.

‘Gas is scarce natural resource and govt has full control over it’

Tuesday, November 17, 2009 11:49:22 PM IST

The ministry of petroleum and natural gas opened its argument before the Supreme Court on the dispute between the Ambani brothers over pricing of gas amid stiff opposition by Anil Ambani owned Reliance Natural Resources Ltd. HT Correspondent reports.

Regulations for OTC trade likely

Tuesday, November 17, 2009 11:44:55 PM IST

Keeping with the tradition of working in investor interest and improving market functions, the Securities and Exchange Board of India is likely to bring regulations to improve the functioning of OTC (Over The Counter) trades and clearing corporations soon. HT Correspondent reports.

Sun Pharma gets us nod for lukaemia drug

Tuesday, November 17, 2009 11:39:37 PM IST

Sun Pharmaceutical Industries said it has got tentative approval from the US drug regulator for generic Gleevec (imatinib meyslate tablets), used in the treatment of chronic myeloid leukaemia.

Firodia-Rathod spat: Maha government brokers truce

Tuesday, November 17, 2009 11:35:52 PM IST

A day after Arun Firodia, chairman and managing director Kinetic Motor, was allegedly roughed up by workers in his own factory, Maharashtra Minister of State for Home Ramesh Bagwe intervened to bring a truce between the industrialist and Shiv Sena MLA Anil Rathod. HT Correspondent reports.

TVS to launch 110-cc clutch less motorcycle

Tuesday, November 17, 2009 11:32:27 PM IST

The country’s third largest two-wheeler manufacturer, TVS Motor Company, is set to launch a 110-cc clutch-less motorcycle, a first in the world's second-largest two wheeler market. Sumant Banerji reports.

Stalemate over defence spectrum for 3G continues

Tuesday, November 17, 2009 11:29:50 PM IST

The stalemate between the defence ministry and the communications ministry over the availability of 3G spectrum to be auctioned continues. HT Correspondent reports.

Voting at AGMs to go electronic

Tuesday, November 17, 2009 11:26:33 PM IST

Taking a giant step towards using technology to improve corporate governance practice in India, Minister for Corporate Affairs Salman Khurshid on Tuesday inaugurated the Central Depository Services Ltd’s (CDSL) e-voting platform for the corporate sector.

Growth via M&As, debt-free in 2 yrs: RIL

Tuesday, November 17, 2009 11:22:08 PM IST

India’s most valuable company, Reliance Industries Ltd outlined its growth plan and said it may become debt-free in less than two years and plans to acquire assets overseas to boost its revenue from the energy business. HT Correspondent reports.

Highway projects to hit the fast lane

Tuesday, November 17, 2009 11:16:25 PM IST

The government is formulating a new set of guidelines and rules to put the country’s highway development on the speedway. HT Correspondent reports.

ICPA says Air India management not serious on resolving issues

Tuesday, November 17, 2009 11:03:57 PM IST

The Indian Commercial Pilots Association on Tuesday said that the pilots were firm on a strike from November 24 as the Air India's management was not serious in resolving outstanding issues.

IMF chief urges China to let yuan rise

Tuesday, November 17, 2009 5:08:52 PM IST

The chief of the International Monetary Fund said Tuesday that Beijing should let its currency rise as a stronger yuan would help China's development and ease global imbalances.

RIL outlines growth plan through acquisitions overseas

Tuesday, November 17, 2009 2:57:38 PM IST

India's most valuable firm Reliance Industries (RIL) on Tuesday outlined its growth plan that focusses on adding oil and gas properties overseas to help strike a balance between domestic and international operations.

Hyundai to invest Rs 800 cr on small car for India

Tuesday, November 17, 2009 2:43:30 PM IST

South Korean car-maker Hyundai will invest around Rs 800 crore to develop a small car for the Indian market that is likely to be launched in the next two years.

ONGC declines discovery of uranium in Assam

Tuesday, November 17, 2009 1:08:42 PM IST

The oil exploration firm, ONGC has not discovered any uranium reserve in Assam as yet, a top company official said. In order to boost the declining uranium mining effort, the Oil and Natural Gas Corporation had located a site in Assam for the necessary research.

Gold makes new record; breaches 17k-level in futures trade

Tuesday, November 17, 2009 12:21:38 PM IST

Gold breached the psychological Rs 17,000-per-ten-gram mark for all the running contracts in futures trading at the Multi Commodity Exchange on a firming trend in the global markets where it crossed $1,140 an ounce.

Sun Pharma gets tentative FDA nod for generic Gleevec tablets

Tuesday, November 17, 2009 11:49:59 AM IST

Sun Pharmaceutical Industries on Tuesday said it has got tentative approval from the US drug regulator for generic Gleevec (imatinib meyslate tablets), used in the treatment of chronic myeloid leukaemia.

Sensex wipes off early gains, falls over 137 pts

Tuesday, November 17, 2009 10:36:38 AM IST

The Sensex, which commenced the day higher at 17,080.17 points, fell back to trade lower by 137.39 points at 16,895.12 at 1230 hrs.

France urges inquiry into competition abuse: report

Tuesday, November 17, 2009 7:00:44 AM IST

France's finance minister has called on global regulators to probe potential competition abuses in the financial sector following huge government bailouts and consolidation, a report said on Tuesday.

SFIO to move court against Raju, others

Monday, November 16, 2009 10:24:28 PM IST

Serious fraud probe agency SFIO will move the court this month against disgraced IT czar B. Ramalinga Raju and others over violation of company law in connection with the multi-crore rupee accounting scam in Satyam Computer.

Shoppers Stop to invest Rs 250 cr to open 15 stores

Monday, November 16, 2009 10:20:43 PM IST

The new stores would add around one million square feet space under its operation and take the company to five more cities. HT Correspondent reports.

RIL to get access to its own gas for captive use

Monday, November 16, 2009 10:18:00 PM IST

Mukesh Ambani managed Reliance Industries Ltd (RIL), which operates India’s biggest gas field, will finally be able to use its own gas being produced in the Krishna Godavari (KG) basin and sold at $4.2 (Rs 193) per unit. HT Correspondent reports.

RCom launches mVDO for mobile users

Monday, November 16, 2009 10:14:17 PM IST

Reliance Communications (RCOM) on Monday announced launch of mVDO service that will allow its subscribers to watch, share, search and upload video on their mobile phones. HT Correspondent reports.

Govt eyes active role in PSU bank consolidation

Monday, November 16, 2009 10:11:14 PM IST

The government could play an active role in bringing about consolidation among the public sector banks, in case they fail to take forward the process on their own. Mahua Venkatesh reports.

Harley merchandise to be available at malls soon

Monday, November 16, 2009 9:56:22 PM IST

Harley Davidson, makers of America’s most recognisable motorcycles, will launch its vaunted brand of clothes and accessories in India soon. It is evaluating partners to manufacture them, along with parts for its motorcycles, in India. Suprotip Ghosh reports.

Rs 4,000-cr michelin plant in Tamil Nadu

Monday, November 16, 2009 9:12:44 PM IST

One of world's leading tyre companies Michelin Group announced a truck and bus radial tyre manufacturing plant, 50 km north of Chennai to be set up with an investment of Rs 4,000 crore. The plant will be spread over an area of 290 acres and will absorb 1,500 workers locally. HT Correspondent reports.

SAIL, NMDC divestment to fetch government Rs 30,000 cr

Monday, November 16, 2009 9:10:48 PM IST

The government said it will raise around Rs 30,000 crore through the disinvestment of stakes in navratna public sector undertakings Steel Authority of India Ltd (SAIL) and National Mineral Development Corporation. HT Correspondent reports.

‘We’ll source more products from India’

Monday, November 16, 2009 9:06:31 PM IST

UTC president & chief executive officer Louis R Chenevert, who is set to take over as chairman in less than 50 days, spoke to Hindustan Times on the group’s plans for India.

Govt to secure offshore oil and gas installations

Monday, November 16, 2009 9:01:19 PM IST

To strengthen the security of India’s offshore oil and gas installations and prevent sabotage and terrorist attacks on them, the government is planning to extend the “safety zone” around the installations to 5 nautical miles from the existing 500 metres. Anupama Airy reports.

Pranab blames intermediaries for spiralling food prices

Monday, November 16, 2009 8:57:53 PM IST

Finance minister Pranab Mukherjee on Monday blamed imperfections in the farm markets and presence of intermediaries for the high food prices in the country. HT Correspondent reports.

Romance of reading without turning pages!

Monday, November 16, 2009 7:57:53 PM IST

Gen next turning voracious readers, thanks to e-books galore on the world wide web, reports Pankaj Jaiswal.

Supply constraints driving food prices up: Cabinet Secy

Monday, November 16, 2009 4:53:08 PM IST

Amid inflation doubling to 1. 54 per cent in October on monthly basis, the Government today admitted that there have been supply constraints on some food items, leading to rising prices of those items.

RCom launches mVDO for mobile users

Monday, November 16, 2009 3:50:35 PM IST

Telecom operator Reliance Communications (RCom) announced the launch of its value-added service 'mVDO', which will allow its mobile subscribers watch, share, search and upload videos online.

RCom launches mVDO for mobile users

Monday, November 16, 2009 3:28:42 PM IST

Telecom operator Reliance Communications (RCom) on Monday announced the launch of its value-added service 'mVDO', which will allow its mobile subscribers watch, share, search and upload videos online.

Let's not think stimulus will be withdrawn at once: Govt

Monday, November 16, 2009 1:31:39 PM IST

The government on Monday said stimulus packages to perk up the economy during the slowdown are not likely to be withdrawn this fiscal and the exit when it happens will be a gradual one.

Sensex surges 194 points, above 17000

Monday, November 16, 2009 11:11:28 AM IST

Sensex today gathered more than 194 points to trade over 17,000 points level, extending previous session's gains on continued buying by funds, driven by firming trends on the other Asian bourses.