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Business

Tech Mahindra in talks with Satyam''s Australian clients to salvage reputation

Tech Mahindra, which took over scandal hit Satyam Computer Services, will hold high-level talks with key Australian corporate clients of the troubled IT firm in a bid to salvage the reputation of the company.
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ONGC Q4 net dips 16% at Rs 2,207 cr

Country's biggest oil explorer Oil and Natural Gas Corporation (ONGC) today said its net profit declined 16 per cent to Rs 2,207 crore in the fourth quarter ended March 2009, compared to Rs 2,627 crore in the same period previous fiscal, primarily on account of lower crude prices coupled with subsidy-sharing burden....
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Paramount places orders for 10 aircraft

Amid the current turbulent times when most airlines are forced to cut fleet sizes, Chennai- based airline Paramount Airways today placed confirmed orders for 10 Airbus A-321 aircraft, with the option of 10 more, for a total of USD 1.5 billion for overseas operations....
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Govt role in gas dispute crucial; can't lose revenue: Deora

Asserting that nothing could be done on the K-G gas dispute without the active involvement of the government, Petroleum Minister Murli Deora today said that warring Ambani brothers had met him after the Bombay High Court ruling on the row on June 15 ....
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IMF wants India to eliminate mandatory investment norms

The International Monetary Fund (IMF) wants India to gradually eliminate the norms that make it mandatory for banks and other saving funds to park a portion of their funds in government securities....
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'Govt should expedite rly projects, clear pending proposals'

The government should fast track the dedicated rail freight corridor project and clear pending proposals for private participation to enhance the growth of the railway sector, industry body Assocham said....
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India achieves targeted per capita consumption in milk

ndia has achieved the targeted per capita consumption of milk at 250 gram per day, says National Dairy Research Institute (NDRI) Director A K Srivastava. The per capita consumption of milk was 241 gram in 2005-06, he said, adding the targeted increase was achieved last year....
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AMFI gets govt nod to exempt PAN for SIPs up to Rs 50,000

Concerned over the falling growth in the mutual fund industry, the government today gave in-principle nod to allow up to Rs 50,000 investments under SIP without quoting PAN card number....
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PepsiCo head Indra Nooyi pitches for Indo-Pak dialogue

Representing the voice of the powerful US industry, Indian born PepsiCo head Indra K Nooyi today pitched for Indo-Pak dialogue, which she said is vital for the economic development of the region....
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India bans certain mobile phones, toys and dairy products

India today announced a slew of restrictions on imports of certain mobile phones, dairy products and toys which will mainly hit China. "Import of 'Mobile Handsets' without International Mobile Equipment Identity (IMEI) number or with all zeroes IMEI is prohibited with immediate effect,"...
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