Business Fwire News - Page 27
RIL under pressure ahead of earnings result on Friday
Doubts about how much natural gas can be extracted from Reliance's KG D6 blocks, and worries over its refining margins, as well as its usage of cash, have led to a string of analyst downgrades in recent weeks.
Piramal sees $1.5 bn from potential Alzheimer's drug florbetaben
Piramal agreed to buy a research and development portfolio from Germany's Bayer AG in a deal that gives the Indian drugmaker commercial and development rights to florbetaben
Put disaster management system in place: Sebi to bourses
They have been asked to submit business continuity plan and disaster recovery policy to Sebi within three months.
Mobile phone services better in Oct-Dec quarter: Trai
Trai has set benchmark that not more than 0.1 percent of bills issued should be disputed over a billing cycle for post-paid billing.
JP Morgan underweight on RIL, says upstream outlook cloudy
The investment bank added it had a "negative" outlook on Reliance's refining and petchem businesses, while "sustained" weakness in its downstream business would cause earnings downgrades.
Insurance policies should be lucidly explained: IRDA
IRDA chairman J Harinarayana said the terms and conditions of the policies should be clear to holders.
Turner to shut 'Imagine TV' in India on poor ratings
The channel's India and international feed 'Imagine Dil Se', which will be shut with effect from today, failed to achieve consistency in ratings.
Will not pay any claims until 18 April: Etisalat DB
Telecom operator Etisalat DB today said it will not entertain any request for payments by creditors or claimants.
Iron ore exports dip 36 percent to 56 MT
The most glaring fall was in recorded in February 2012, when it came down by over 60 percent to 4.2 MT from 10.5 MT.
Sesa Goa production down 27 percent to 13.80 MT
In the January-March quarter, company's sales were down by 21.21 percent to 5.2 MT, while production declined by 11 percent at 4.9 MT.<br /><br />
Tax expenses hit Sony, co sees record $6.4 bn net loss
The consumer electronics company, said, however, it plans to return to an operating profit this financial year.
Tech Mahindra-Satyam aims at 10,000 new hires this year
The combined entity resulting from the merger of Tech Mahindra Ltd and Satyam Computer Services Ltd may hire as many as 10,000 new employees in the current fiscal year, said Vineet Nayyar, CEO of Tech Mahindra.
Ban on mining in K'taka sees Vedanta's yearly iron ore output drop
India-focused miner Vedanta posted a drop in full-year iron ore output, as a ban on mining in Karnataka and logistical bottlenecks continued to bite.
HC issues contempt notice to Sesa Goa
The petition states that as Sesa Goa is the largest exporter of ore from the state, its conduct is setting a bad example.
Silver imports to fall up to 27 percent in 2012: Scotia
Scotia is the largest bullion importer in India, with about 35 percent marketshare.
HC issues contempt notice to Sesa Goa
The contempt notice was issued for allegedly violating the Goa HC order on the transport of iron ore.
No job cuts in India for now: Sony
According to its website, Sony Corporation has a total employee strength of 168,200 as of 31 March 2011.
Tata Steel India's Q4 sales up 3.3%
Tata Steel, the world's seventh-largest steelmaker, said on Monday sales from its Indian operations rose 3.3 percent to 1.77 million tonnes in the January to March quarter.
Industry bodies write to Pranab on retrospective tax amendment
International Chamber of Commerce (ICC) and another industry body BIAC want to engage with the Finance Ministry to workout a solution to the issue.
Green nod likely to NTPC's project in Orissa
The decision was taken in the meeting of Expert Appraisal Committee held recently.
L&T commissions Reliance's 40 MW solar plant in Rajasthan
Leading engineering major Larsen & Toubro today said that it has commissioned the country's largest solar photovoltaic power plant of Reliance Power in Rajasthan with a capacity to generate 40 MW of power.
India-Qatar sign oil and gas pact, five other agreements
Prime Minister Manmohan Singh held talks with Qatar's Emir Sheikh Hamad bin Khalifa al-Thani on a range of issues, including boosting trade and investment as well as energy ties between the two countries.
ONGC awaits coal ministry's nod on UCG project
ONGC intends to take such UCG projects to other parts of Gujarat and Rajasthan provided the pilot project takes off.
Online jewellery retailers shine
There was a time when gold jewellery or diamonds and other precious stones were only bought from the trusted family jeweller. Now the trend is changing, with more people open to buying jewellery online.
Wal-Mart training women workers in India, China
The programme is part of Wal-Mart's Global Women's Economic Empowerment Initiative.
Over 80,000 new jobs in Canada, unemployment rate down
The unemployment rate of Canada is now down to 7.2 percent. Of the total new positions added, full-time jobs make up 70,000, Xinhua cited the agency as saying.
Govt to decide on aviation FDI soon
Allowing foreign airlines to pick up stake in Indian carriers would mark a major policy shift.