Vancouver/New Delhi | March 08, 2014 12:17 (IST)
Petronas said it would sell state-owned refiner Indian Oil Corp (IOC) a 10 percent stake in its Pacific NorthWest LNG project, along with a 10 per cent stake in the northern British Columbia shale gas assets that will feed the LNG facility.
New York | March 08, 2014 12:10 (IST)
The S&P 500 ended at a record closing high for the second day in a row. Friday's milestone also was the S&P 500's fifth record closing high in the past seven sessions.
New York | March 08, 2014 12:04 (IST)
February's jobs report followed two straight months of payroll reports that were sharply below expectations, and the rebound reinforced the theory that the weakness in December and January had been temporary, related to weather as opposed to worsening fundamentals.
March 08, 2014 11:26 (IST)
Ranbaxy recalled tablets of atorvastatin calcium, the generic name for Lipitor's active ingredient, after a pharmacist found a 20-milligram tablet in a sealed bottle marked for 10-milligram tablets, the U.S. Food and Drug Administration (FDA) said on its website.
March 07, 2014 21:53 (IST)
Presently, government allocates spectrum to telecom firms on the basis of auction. Once the trading is permitted, the companies will be able to sell spectrum to the other telecom licence holders.
March 07, 2014 21:24 (IST)
RIL owns and operate two refineries at Jamnagar with a combined capacity of 62 million tons.
March 07, 2014 21:05 (IST)
The survey of households from which the jobless rate is derived showed a rise in the number of people without jobs, which accounted for the rise last month. The labor force participation rate was steady at 63 percent.
March 07, 2014 20:38 (IST)
The RBI decision comes after Manappuram Board passed a resolution to enhance the limit for purchase of its equity shares and convertible debentures by FIIs.
March 07, 2014 19:25 (IST)
Last week, FTIL had announced constitution of a committee to propose and oversee a restructuring plan, which includes FTIL divesting up to 24 percent in MCX. FTIL currently holds 26 per cent stake in MCX.
March 07, 2014 19:21 (IST)
Reliance Land Private Ltd and Reliance Capital Ltd have offered to purchase 51,579,465 shares, representing 26.70 per cent stake in Reliance MediaWorks, according to a public notice issued today.
March 07, 2014 18:53 (IST)
The acquisition of stake in Progress Energy Resources Corp's shale gas assets and Pacific NorthWest LNG for 1 billion Canadian dollars ($900 million) marks IOC's maiden entry into North America.
March 07, 2014 18:51 (IST)
The Nifty rose as much as 2.1 per cent to a record high, and the Sensex hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil.
March 07, 2014 18:31 (IST)
The partially convertible rupee closed at 61.08/09 per dollar compared with 61.11/12 on Thursday. The unit rose as high as 60.945, its strongest since December 9.
Paris/Tokyo | March 07, 2014 18:06 (IST)
Japanese retailer Aeon denied a newspaper report that it was in talks with the Bharti Group to set up a retail joint venture in India, while France's Carrefour declined to comment on whether it was also talking to Bharti.
Kolkata | March 07, 2014 17:43 (IST)
State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country's largest lender.
March 07, 2014 17:18 (IST)
Koora Srinivas, who is Deputy Chief Financial Officer, offloaded 2,750 and 450 scrips for a sell value of Rs 1,673.35 and Rs 1,755.36, respectively in the last two days, the filing said.
March 07, 2014 16:56 (IST)
In late 2012, the American Medical Association issued a policy stating that "exposure to excessive light at night, including extended use of various electronic media, can disrupt sleep or exacerbate sleep disorders."
Chennai | March 07, 2014 16:48 (IST)
The bank posted net profits of Rs 7.43 crore for the third quarter ending Dec 31, 2013 down by 76.2 per cent from Rs 31.30 crore registered in the same period of previous year.
March 07, 2014 16:42 (IST)
The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.
New Delhi | March 07, 2014 16:14 (IST)
In May, RIL and its partners announced a significant gas and condensate discovery in the KG-D6 block. In August, RIL and BP announced a new gas condensate discovery in the deep water CYD5 block in the Cauvery basin, off the east coast.