Business News

The government is not considering selling equity in Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), Petroleum Secretary S Sundareshan said on Wednesday."There is no serious consideration (on follow-on public offerings in IOC and ONGC) at...

The Ministry of Micro, Small and Medium Enterprises (MSME) is working on the scheme and would soon take it to the Cabinet, an official said.The plan to be implemented under the Public-Private Partnership (PPP) would provide financial assistance to...

Tata is planning to introduce Nano in Latin America in partnership with Italian auto maker Fiat.Tata Group Chairman Ratan Tata as said in an interview to Italian newspaper that, " both Tata Motors and Fiat are discussing plans to bring Nano into...

One of the leading lenders ICICI bank has planed to open nearly 580 new branches. ICICI Bank Managing Director and CEO Chanda Kochhar said that, "We will set up 580 new branch this year... one and half year ago we had 750 branches and one year from...

The struggling cellphone market has not yet touched bottom said the CFO of Nokia on Friday."We don't believe that the mobile phone markets have touched the bottom of this recession yet," CFO Rick Simonson told Finnish daily Helsingin Sanomat."the...

Source: PTIA day after bankers met RBI Governor D Subbarao, state-owned IDBI Bank today slashed its benchmark prime lending rate (BPLR) by 0.5 per cent to 13 per cent effective from April 15.The Bank also reduced its deposit rates by 0.25-0.5 per...