Business News
Toyota launches made for India sedan Etios
Toyota Kirloskar Motor launched its Etios sedan here Wednesday, marking the company’s entry into the highly competitive ‘B segment’ or mid-segment car market in India.The Etios, priced between Rs.496,000 and Rs.686,500 (ex-showroom Delhi), has been developed specifically for the Indian customers with the slogan…
Sensex moves up in morning trade
A benchmark index of Indian equities was ruling 130 points higher in Monday morning trade compared to its previous close.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,230.34 points, was ruling at 19,266.69 points, up 130.08 points or…
Get ready to pay for mobile banking service from April 2011
Get ready to pay a fee for inter-bank transactions conducted through mobile phones from April 2011, as the National Payment Corporation of India (NPCI) intends to charge lenders Rs.0.25 per transaction from the next financial year.“NPCI will be providing services to member banks free…
Jaguar launches XF sports-sedan’s diesel variant
Luxury automobile maker Jaguar Friday launched its XF sport sedan’s diesel variant priced at Rs.48.37 lakh (ex-showroom Delhi).“The launch comes after we received a huge response to our XF’s petrol version. We have received a pre-launch booking of 60 cars,” said Rohit Suri, head…
Jindal steel plant in Orissa gets green notice
The environment ministry Friday issued a show cause notice for revoking environment clearance to Jindal steel and power plant in Angul in Orissa for violating green laws.The ministry issued the notice under Section 5 of the Environment (Protection) Act, 1986, for revocation of environmental…
You can change your mobile operator but retain number
Communications Minister Kapil Sibal launched the eagerly-awaited mobile number portability scheme in Haryana Thursday to allow cellphone users to change their operators while retaining existing numbers.“On Jan 20 next year, mobile number portability will be available nationwide,” Sibal said at a function to launch…
Government reviews export sops, industrial output
The government has set up a high-level panel to review issues related to export incentives and slowdown in industrial output growth, Commerce and Industry Minister Anand Sharma said Thursday.“I have set up a seven-member working group. It will do a comprehensive review of all…
Sensex up 115 points in early trade
A benchmark index of Indian equities Thursday was trading about 115 points higher in early trade.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,560.25 points, was ruling at 19,575.41 points, up 115.56 points or 0.59 percent from its…
Regulations for micro finance industry soon
The government will soon introduce a bill in parliament aimed at regulating micro finance institutions, Minister of State for Finance Namo Narain Meena said Tuesday.“The Department of Financial Services proposes to introduce the Micro Finance (Development and Regulation) Bill, 2010 after taking into account…
Coal India’s net profit rises 29 percent
World’s largest coal miner, Coal India’s (CIL) net profit rose by 29.06 percent to Rs.4,020 crore in the first half of the current fiscal (2010-11) over the corresponding period last year.Releasing the April-September 2010 results of the company, CIL chairman Partha Bhattacharyya said it…
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