Mumbai | March 09, 2014 17:27 (IST)
The general insurer, which is likely to end this fiscal with around 13 per cent rise in premium, attributed pick-up in growth to expected economic recovery in the next financial year.
Agartala | March 09, 2014 17:18 (IST)
The Tripura unit of Oil and Natural Gas Corporation Limited (ONGC) has intensified exploration to create a recoverable reserve of gas for at least 15 years, a top official of the company said.
New Delhi | March 09, 2014 17:14 (IST)
RIL had found gas in the Dhirubhai-1 and 3 wells in October 2002 and were declared commercially viable finds between April 2003 and March 2004. It in May 2004 claimed the finds to hold 8.3 trillion cubic feet of inplace gas reserves, the CAG said in a draft audit report of KG-D6 block.
New Delhi | March 09, 2014 17:02 (IST)
The government has decided to give firms, including JSPL and Tata Steel, more time to seek clearances from Environment Ministry and furnish proof on the same to Coal Ministry by December 1, failing which their mines would be deallocated.
Mumbai | March 09, 2014 16:07 (IST)
If the acquisition fructifies, this would be the second acquisition by the company after the late 2009 deal when it had picked up the from the commercial vehicles and construction space portfolios of GE Transportation Financial Services for Rs 1,200 crore.
New Delhi | March 09, 2014 15:57 (IST)
SAIL and KIOCL, two PSUs under the Steel Ministry, are set to ink a joint venture partnership for setting up a three lakh tonne coke oven battery and a captive power plant at an estimated investment of Rs 450 crore in Karnataka.
New Delhi | March 09, 2014 15:52 (IST)
The state-owned firm has won a $139 million contract from Nigerian company Dangote Group for providing project management consultancy (PMC) and engineering, procurement and construction management (EPCM) services for a refinery and polypropylene plant, EIL chairman and managing director A K Purwaha said.
New Delhi | March 09, 2014 15:47 (IST)
Steel demand in India is expected to remain high, derived by strong fundamentals and the sector is expected to see an investment to the tune of about Rs 2 lakh crore in coming years, domestic giant Tata Steel has said.
Kolkata | March 09, 2014 15:32 (IST)
The new Corporate Responsibility Regulations notified recently was not applicable to the State Bank of India, but it would comply voluntarily.
New Delhi | March 09, 2014 14:41 (IST)
The world's largest social networking site Facebook has around 1.2 billion members globally while WhatsApp - a platform that allows exchange of messages and files through mobile phones free of cost -- is estimated to have 450 million users worldwide.
New Delhi | March 09, 2014 14:27 (IST)
Google said it is "extending full cooperation" to the CCI in its investigation. The conclusion of a two-year review by the US antitrust watchdog has concluded that the company's services were good for competition, it added.
New Delhi | March 09, 2014 13:01 (IST)
Founded in 2007 by two ex-Amazon.com employees and university friends, Flipkart.com has become India's biggest shopping portal hit and has drawn backers such as New-York based venture capitalists Tiger Global Management LLC.
New Delhi | March 09, 2014 12:08 (IST)
The country's largest car maker's latest assertion comes in the wake of seven major fund houses, who are shareholders, raising red flag over the planned transfer of Gujarat manufacturing plant to Japanese parent Suzuki Motor Co.
Mumbai | March 08, 2014 17:04 (IST)
When asked for the business details, Ms. Kochhar refused to call the vertical either as a profit center nor did she say that it is part of its CSR efforts. It is an "initiative" which has wide impact on the society, bank's managing director and chief executive Chanda Kochhar said.
March 08, 2014 15:44 (IST)
The new group, which will include banks, credit unions, retailers and industry trade groups, will initially focus on the adoption of the safer 'EMV' chip technology in the United States, MasterCard and Visa said on Friday.
New York | March 08, 2014 15:38 (IST)
The cracks have not been found on planes that are in use by airlines and therefore posed no safety risk, Boeing said, adding the problem also will not alter Boeing's plans to deliver 110 787s this year.
Detroit | March 08, 2014 15:06 (IST)
Analysts and academics warn that a misstep by GM could leave it with a lingering headache, something Toyota Motor Corp experienced from 2009 to 2011 with recalls linked to sudden acceleration. The Japanese automaker was criticized for being slow to react to complaints and initially blaming the drivers.
Kolkata | March 08, 2014 14:08 (IST)
SBI's gross NPA ratio in October-December quarter rose to 5.73 per cent from 5.30 per cent over the corresponding period a year ago.
Mumbai | March 08, 2014 14:02 (IST)
Ranbaxy recalled tablets of atorvastatin calcium, the generic version of Pfizer Inc's cholesterol fighter Lipitor, after a pharmacist found a 20-milligram tablet in a sealed bottle marked for 10-milligram tablets, the US Food and Drug Administration (FDA) said on its website.
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.