Written By: Ramarko Sengupta | New Delhi | May 22, 2013 17:15 (IST)
Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal based, according to the world's largest miner, Coal India. There is however jargon surrounding the commodity and the industry at large.
May 22, 2013 17:03 (IST)
Larsen and Toubro shares dropped nearly 6 per cent on Wednesday after India's biggest engineering and construction firm posted lower than estimated profits for the March quarter. This was the biggest single day fall in L&T shares since January 2010.
New Delhi | May 22, 2013 16:55 (IST)
Essel Group company Zee Entertainment Enterprises (ZEEL) posted on Wednesday a 10.66 per cent increase in consolidated net profit at Rs 180.35 crore for the quarter ended March, 2013.
Beijing | May 22, 2013 15:52 (IST)
TATA group is the biggest Indian group present in China.
May 22, 2013 15:47 (IST)
The BSE Sensex fell for a third consecutive session on Wednesday, to mark its lowest close in almost two weeks after Larsen & Toubro slumped around 6 per cent after its order book guidance sparked worries about the health of the domestic economy.
New Delhi | May 22, 2013 15:42 (IST)
The Sterlite Industries plant has been shut since nearly eight weeks after residents complained of emissions that led to breathing problems. The case was transferred to Delhi from a southern India branch of the court on April 29.
Singapore | May 22, 2013 15:26 (IST)
BPCL has not imported gasoline in at least a year, traders said on Wednesday, while this is IOC's first import tender this year.
May 22, 2013 14:55 (IST)
The BSE Sensex slipped sharply in the last hour of trade on Wednesday as engineering and construction major Larsen & Toubro posted below estimates profits for the March quarter. The Sensex came close to breaching the key 20,000 mark amid the broad selloff.
Washington | May 22, 2013 14:52 (IST)
Continued presence of such a problematic provision in the bill, which was passed by a key Senate panel yesterday, industry sources said would not only badly hit Indian IT companies, but also disrupt operational capabilities of a large number of key American companies as well.
New Delhi | May 22, 2013 14:28 (IST)
As per the quarterly survey of more than 3,000 businesses in 44 countries, around 68 per cent of businesses globally would welcome more global cooperation and guidance from tax authorities.
May 22, 2013 13:59 (IST)
The company aims to sell 21.57 million shares to qualified institutional investors on Thursday.
New Delhi | May 22, 2013 13:40 (IST)
The Competition Commission of India (CCI) has received an application seeking approval for the proposed Jet-Etihad transaction.
May 22, 2013 13:25 (IST)
Larsen and Toubro, India's biggest engineering and construction firm posted below estimates profits for the March quarter, sending its shares down by nearly 3 per cent.
May 22, 2013 13:09 (IST)
Dealers say a large private refiner, which was seen in late session on Tuesday, seen buying dollars again.
May 22, 2013 12:59 (IST)
Gold rose on Wednesday on strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.
New Delhi | May 22, 2013 12:29 (IST)
India's biggest smelter, owned by Sterlite Industries , was shut on March 30 after local residents complained of emissions that led to breathing difficulties, forcing top copper users to rely on rival Hindalco Industries their copper needs.
Washington | May 22, 2013 11:37 (IST)
"The broader issue is one that is of concern to the President and one that he's focused on, because in terms of the policy matters that it raises, the report by Senators (Carl) Levin and (John) McCain raises a set of broader issues around companies that ship their profits and their jobs offshore," White House Press Secretary Jay Carney told reporters yesterday.
May 22, 2013 11:29 (IST)
Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.
May 22, 2013 11:01 (IST)
The BSE Sensex gained 0.39 per cent, while the broader Nifty was up 0.4 per cent on Wednesday. Indian markets tracked gains in Asian stocks, which rose following a positive lead from Wall Street.
Reported By: Varun Sinha | May 22, 2013 10:47 (IST)
Nasdaq-listed iGate shares fell as much as 13 per cent on Tuesday after the California-based IT outsourcer sacked its chief executive Phaneesh Murthy.