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By admin • December 25th, 2009

ONGC Lost Rs 9 cr 400 Tonne Of Crude Oil During Strike
Oil and Natural Gas Corporation (ONGC) has lost Rs 9 crore and 400 tonne of crude oil production in the last three days due to the 96-hour ONGC bandh called by the All Assam Students Union (AASU) from Monday in upper Assam.
According to an [...]

Andhra Bank Raises Rs 600 cr Via Bonds
Andhra Bank has raised Rs 600 crore by selling bonds in two tranches in current month.
The bank raised Rs 280 crore by issuing upper Tier-II bonds. The annual coupon of for this issue was 8.70 per cent. The issue opened on December 14, 2009 and closed on December [...]

KEC International | KEC International wins six new projects worth Rs 550 Crore
KEC International, a global leader in the power transmission EPC business has won major orders in Algeria and Abu Dhabi worth Rs 474 crore and Rs 76 crore respectively.
In Algeria, for CEEG Spa, KEC will undertake five turnkey projects of 400 KV, 200 [...]

LONDON (Reuters) – World stocks hit a fresh 14-month high on Thursday while oil also rose after Bank of America said it would repay $45 billion of taxpayer bailout funds in a move which injected optimism into the financial sector.
Wall Street also looked set for a positive start.
The European Central Bank left [...]

Less than a year after the launch of the Nano comes news that the car is going to have a hybrid and is even getting an exterior facelift. Talks of an electric version of the Nano have been in the air for a while now, but reports on Monday said Ratan Tata, chairman of Tata [...]

New York: Indian private sector lender ICICI Bank and global consumer goods giant Unilever’s India-based subsidiary have been named in a list of world’s 10 best companies for leaders.
The list, compiled by business magazine Fortune, is topped by global technology giant IBM. Proctor & Gamble has been ranked second, followed by General Mills and McKinsey [...]

Over 60 per cent of companies listed on the Bombay Stock Exchange (^BSESN : 17021.85 +236.2) have seen their share value fall in the last two years, Parliament was informed.
“During the period November 9, 2007, to November 9, 2009, of the 3,405 scrips traded at the BSE, prices of 2,116 scrips (constituting 62.14 per cent [...]

Mumbai: In a bid to woo customers to its first and executive classes on international routes, national air-carrier, Air India, has offered a 20 per cent discount to senior citizens.
Senior citizens (65-years and above), are now eligible for a 20 per cent discount for travel in first and executive classes on international flights, an Air [...]

MUMBAI: Hitting new highs is becoming a habit for gold, as it commenced its record-making journey again after a brief overnight pause on the
bullion market here on Friday on hectic buying from stockists and traders supported by positive global cues.
Moving in tandem with the yellow metal, silver too recovered on the back of fresh industrial [...]

Bharti Airtel launched yet another new billing plan on Friday, slashing mobile roaming rates by nearly 60 percent and signalling a tariff war in the world’s fastest-growing wireless market was far from over.
The announcement accelerated losses in the shares of Bharti, the country’s top mobile operator. The stock fell as much as 3.3 percent but [...]

Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company is put at $32 billion, an increase of 54 per cent from nearly $21 billion last year, according to a Forbes report.
“Trailing behind him are Lakshmi Mittal (Arcelor Mittal) with [...]

Singapore, Nov 19 (ANI): The head of Reliance Industries, Mukesh Ambani, is once again the wealthiest person in India. His net worth is put at 32 billion dollars, an increase of 54 percent from nearly 21 billion dollars last year, according to the latest Forbes’ India Rich List.
Trailing behind him are Lakshmi Mittal with a [...]

London, Sep 19 (ANI): The British Government has announced a 10-million-pound loan to Indian carmaker Tata Motors for the electric car-manufacturing project in the UK.

The loan, part of a scheme backing low-carbon technology in the motor industry, will support a 25 million pound investment by Tata Motors in its West Midlands base, The Scotsman reports.

In [...]

Mumbai, Sept 19 (ANI/Business Wire India): The 19th Broadcast India 2009 Exhibition will be held in Mumbai from October 29-31.

The Broadcast India 2009 show will cover all aspects of television, film, radio, video, audio, IPTV, mobile tv, computer graphics, visual effects, multimedia, music, lights, cable, satellite, broadband, internet, transmission and all the leading innovations [...]

Bangalore, Sept 19 (ANI/Business Wire India): Realising the changing needs of MBA aspirants with Common Admission Test (CAT) turning into a Computer Based Test (CBT) in India from this year, Minglebox.com has launched e-CAT Prep, a fully online platform for CAT preparation.

Preparation plays a significant role for a large number of candidates and through e-CAT [...]

Kolkata, Sep 17(ANI): West Bengal Chief Minister Buddhadeb Bhattacharya on Thursday said that the Government would revive plans to build a one billion dollar IT hub, which was earlier, scrapped due to land acquisition problems.

The State Government has planned an IT [...]

Mumbai, Sept 17 (ANI/Business Wire India) — Halma India, the Mumbai-based hub office of Halma p.l.c., has appointed Mahadev Dhuri as India sales manager for two of its ophthalmic companies, Keeler Limited and Volk Optical Inc.

The two companies are world leaders in their respective fields. [...]

New Delhi, Sept 16 (ANI/Business Wire India): Leading motorcycle lubricant brand and Ducati MotoGP team technical partner Shell Advance has reached an agreement with MotoGP rights holders Dorna Sports S.L, to become title sponsor of the 2009 Shell Advance Malaysian Motorcycle Grand Prix.

The agreement has resulted from [...]

London, September 16 (ANI): Facebook has announced that it has crossed a benchmark of 300 million active monthly users from across the world and also started raking in profits ahead of schedule.

Founder of the world’s largest social networking site Mark Zuckerberg said the company had not expected to begin reaping financial benefits until sometime next [...]

Trivandrum/United Arab Emirates, Sept 16 (ANI/Business Wire India): SunTec, the leading provider of Relationship-based Pricing and Centralized Billing solutions, has announced two strategic wins in the Middle East region, one of which has helped the company to gain a foothold in Port Operations Billing – its fifth operating domain.

One of the largest banks in [...]