TechM joins Satyam in execution
EVEN BEFORE the official process of integration of Tech Mahindra and Mahindra Satyam commenced, execution of projects is being shared between the companies. “We are working jointly in marketing and ex
India’s trade deficit swells, hits 2-yr high
India’s trade deficit swelled in July to its biggest level in almost two years, putting further pressure on the current account and on the need for India to attract capital inflows to avoid pressure o
RIL hikes stake in EIH to 14.80%
Reliance Industries on Wednesday said it has hiked its stake in hospitality firm EIH Ltd to 14.80 per cent, taking the Mukesh Ambani-led firm a step closer to the threshold limit of 15 per cent for ma
BSNL offers special tariff for Ramzan
BSNL has come out special offers for its prepaid subscribers during the Ramzan season. With a special recharge of `786, 2G and 3G customers can get a full talk-time of `786 and avail of 786 local and
Arup Roy is NTPC’s new CMD
Arup Roy Choudhury took over as the chairman and MD of NTPC on Wednesday in New Delhi. A civil engineer from BITS with a post-graduation in management from IIT, Mr Roy Choudhury started his career in
Shock over delays in green nod
A parliamentary panel has expressed shock over the delay in forest clearances to 59 coal projects, hurting production targets of companies, engaged in coal mining. “The committee is shocked to observe
Oil regulator moves SC on licence issue
Oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has moved the Supreme Court, requesting an early hearing in a case related to its jurisdiction to issue licences for retailing CNG and
Air Works in JV with Danish firm
Air Works India Engineering Pvt. Ltd, on Monday entered into a joint venture with Scandinavian Avionics, Denmark. The joint venture with the company will provide complete avionics solutions, which inc
Decision on SAIL plant next week
The Union fertiliser ministry may seek the Cabinet’s nod next week on state-owned SAIL’s `35,000 crore proposal to set up a steel plant along with a urea unit on the premises of a closed urea unit in
Centre nod on SCI stake sale in Sept.
The Cabinet is likely to give its nod for divesting the government’s stake in Shipping Corporation of India (SCI) and Manganese Ore India Limited (MOIL) within the next two to three weeks. “MOIL and S