Business

    Reliance Energy, Tata Power eye Dishergarh Power Supply Corp

    Kolkata, Aug 14 (IANS) Reliance Energy Ltd, CESC Ltd and Tata Power Ltd have expressed interest in buying 57 percent stake in Dishergarh Power Supply Corp (DPSC), said a top official of Andrew Yule Co Ltd (AYC), which has a stake in DPSC.


    Indu Projects receives $77 mn investment

    Hyderabad, Aug 14 (IANS) Indu Projects Ltd, one of India’s fastest growing infrastructure majors, has received an investment of $77 million (Rs.3.25 billion) from Credit Suisse, a leading global financial services company.

Markets end with a deep cut ahead of Independence Day (Roundup)

Aug 14th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 14 (IANS)Indian equity markets closed in the red Thursday for the third day running, ahead of the release of the weekly inflation data and rise in crude oil prices, which rekindled fears of inflationary pressure.



Over Rs.9 bn sanctioned for leather industry development

Aug 14th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 14 (IANS) The government Thursday sanctioned over Rs.9.12 billion for implementing the Indian Leather Development Programme (ILDP).



Sensex closes 369 points down (Second Lead)

Aug 14th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 14 (IANS) Indian equity markets closed deep in the red Thursday.



Is Charles’ anti-GM outburst linked to India business plans?

Aug 14th, 2008 | By Sindh Today | Category: Business, India

London, Aug 14 (IANS) Prince Charles, who was Thursday slammed by scientists for an outburst against genetically modified (GM) food and the Indian Green Revolution, has major plans to market his organic food products in India.



After YouTube, MySpace also on iPhone

Aug 14th, 2008 | By Sindh Today | Category: Biz-Tech, Business, Technology

One of the two largest Social Networking websites, MySpace said that it is developing an application for iPhone platform. Mobile application will allow MySpace users to login to their MySpace account and access some features using iPhone.
iPhone which is being used by 6 million people is becoming the target for large web sites. 3G iPhone, […]



ArcelorMittal sets up JV with Chinese steel group

Aug 13th, 2008 | By Sindh Today | Category: Business, World

Luxembourg, Aug 13 (IANS) ArcelorMittal, the world’s biggest steelmaker, Wednesday said it has signed a joint venture agreement with Hunan Valin Steel Group of China to produce and sell electrical (silicon) steel.



Mahanagar Telephone slashes broadband charges

Aug 13th, 2008 | By Sindh Today | Category: Business, India, Technology

New Delhi, Aug 13 (IANS) Public sector telecom services provider Mahanagar Telephone Nigam Ltd (MTNL) will slash its broadband charges by up to 50 percent, it announced here Wednesday.



Market watchdog reduces timeline for rights issue

Aug 13th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 13 (IANS) Capital market regulator Securities and Exchange Board of India (SEBI) Wednesday reduced the timeline for rights issue to 43 days from 109 days.