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ATF prices cut by 4 per cent

January 31, 2009 4:52:59 pm

Aviation turbine fuel (ATF) prices were cut by about 4 per cent to bring them around April 2005 levels.

Global outsourcing to take back seat

January 31, 2009 4:41:07 pm

A US-based law firm,in its recent report,has pointed out that demand for global outsourcing will take a backseat.

Fund shortage: Montek to meet transport secys of all states

January 31, 2009 4:09:20 pm

In a decisive meeting,the planning commission chairman,Montek Singh Ahluwalia will hold discussion with transport secretaries of all states on Saturday morning to look for a solution to serious fund shortage.

Railways to seek 50% cost of projects from states

January 31, 2009 4:09:01 pm

The Government is likely to do some serious talking with the states in a meeting currently underway in Delhi and emphasise on the implementation of the stimulus packages to neutralise the effects of the global downturn on the Indian economy.

Caterpillar to cut another 2,110 jobs

January 31, 2009 3:05:02 pm

Heavy equipment maker Caterpillar Inc announced 2,110 new job cuts today as it scales back production to match lower demand in a slowing global economy.

Maytas Infra reviews ‘developments’

January 31, 2009 2:51:54 pm

Maytas Infra,promoted by the family of disgraced Satyam founder B Ramalinga Raju,said its board has appointed B Narasimha Rao as an additional director.

Sensex spurts by 8.64% on heavy buying

January 31, 2009 2:34:33 pm

Heavy buying by domestic funds lifted the Sensex by 8.64 per cent during the shortened week under review.

Tata Motors slips to $54 mn loss in Dec Q

January 30, 2009 6:48:13 pm

Tata Motors Ltd,India's top vehicle maker,missed forecasts with a 2.63 billion rupee ($54 million) loss.

Tata Motors slips to $54 mn loss in Dec Q

January 30, 2009 6:41:38 pm

Tata Motors Ltd,India's top vehicle maker,missed forecasts with a 2.63 billion rupee ($54 million) loss for the Dec quarter.

38% firms anticipate new jobs: Survey

January 30, 2009 4:46:09 pm

Thirty eight percent of recruiters anticipated new jobs to be added in 2009 while 9.5 percent predicted layoffs.

IOC Q3 net rises 41 per cent

January 30, 2009 12:16:27 pm

Indian Oil Corporation reported a 41.5 pct rise in net profit to Rs 2,958.59 crore in third quarter.

Nikkei slides as economic gloom grows

January 30, 2009 10:09:08 am

Japan's Nikkei average fell 3.9 per cent on Friday as Toshiba Corp plunged on NEC merger news.

Indian market can soothe woes: Nath

January 29, 2009 2:17:29 pm

The financial situation has eased and liquidity is accessible in domestic market,Nath said.

Wall Street employees’ bonus dips 40%

January 29, 2009 1:59:37 pm

The yearly bonuses of employees' of the Wall Street were down by 44% in 2008.

Jan gold imports dive 93 pct: Association

January 29, 2009 11:10:07 am

India's gold imports plunged more than 90 per cent to just 1.2 tonnes in January 2009.

HPCL net loss widens to Rs 422 cr in Q3

January 28, 2009 5:10:22 pm

Hindustan Petroleum Corp has said that its net loss has widened to Rs 422.03 crore in the third quarter.

Toyota to recall more than 1.35 mn cars

January 28, 2009 1:16:55 pm

Toyota said it would recall more than 1.35 mn Vitz and two other models globally to fix a defect in the seatbelt.

JLR hails UK auto package

January 28, 2009 1:11:44 pm

JLR has hailed the British govt's 2.3-bn-pound 'support package' announced last evening.

Oil spikes to USD 42.25 a barrel

January 28, 2009 1:10:01 pm

Oil prices rose in Asian trade on Wednesday ahead of the US Dept of Energy's stockpiles report.

Inflation seen at 5.41 pct on Jan 17

January 28, 2009 1:07:56 pm

The median forecast was for a 5.41 pct rise in wholesale price index in 12 months to Jan 17.

Will ensure comfortable liquidity: RBI

January 27, 2009 3:20:37 pm

The Reserve Bank of India has told banks it will ensure comfortable liquidity in the banking system,Governor Duvvuri Subbarao said.

I-T Dept begins probe into Satyam fraud

January 27, 2009 2:59:06 pm

I-T Dept is independently probing the fraud in Satyam with focus on TDS and benami deals.

UTV Software net up 29 pct,beats forecast

January 27, 2009 2:22:02 pm

UTV Software Communications posted a 29 per cent rise in quarterly net profit,led by gains in television content and gaming.

Satyam circulates video clips asking for support

January 27, 2009 11:10:42 am

In a bid to improve its relationship with its associates,Satyam is circulating a video message asking for support from associates.

Maytas may bag Bhutan hydropower project

January 27, 2009 9:52:43 am

Satyam promoted Maytas has emerged as the lowest bidder for the Bhutan hydropower project.

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