The Tamil Nadu Spinning Mills Association approached the Competition Commission of India if the windmill makers failed to provide the capital expenditure break-up of a project. Users say that Chinese equipment will be cheaper by 20 percent.
Brent futures rose towards $98 on Friday, after OPEC agreed to keep its output target unchanged for the second half of the year. Oil is also drawing support from news that major central banks stand ready to take steps to stabilize financial markets.
The rupee rose on Friday by 14 paise to the dollar helped by positive global cues helping the BSE Sensex to also recover by 124.20 points.
Central banks of most economies are bracing themselves for the eventful weekend with the Greek elections and polls in Egypt and France. Banks will ensure there is enough liquidity.
India and Iran in January agreed to settle 45 percent of oil trade in rupees.
The apex court bench of Justice KS Radhakrishnan and Justice JS Khehar reserved the order.
Although Infosys was given 50 acre at Rajarhat for setting up its first development centre in West Bengal, the firm was insisting on getting SEZ status, which the state was not keen to consider due to political reasons.
Luxury car maker Mercedes Benz said that the rupee depreciation and increased import duties will hurt the profitability of the<br /><br /> company forcing it to rise the prices of its cars
Banking major Barclays appointed Vivek Gupta as the country head of trade finance. Gupta comes from HSBC he was heading the business development team working out of Singapore.
Aditya Birla Group might acquire significant stake in coal miner Drummond Company to buy a "significant stake" in its coal mines in Colombia for $1 billion. It wants to strengthen its coal business with this.
Walmart said it is tightening anti-corruption practices in India, amidst reports of US lawmakers asking the retail giant to review its operations in the country along with those in four other nations.
At present ITDC has two properties in the North East -- one each in Guwahati and Itanagar.
European stocks were up as the euro was flat on Wednesday following Spain's rising borrowing costs. Riskier assets fluctuated as optimism and disappointment gripped financial markets.
Even as investors are watching the OPEC's output policy and waiting for the Greek elections on 17 June, Brent crude fell below $97 which was its fifth straight day in its biggest losing streak in a year.
JSW Steel's production in May this year grew by 25 percent compared to last year. For the current fiscal, company has<br /><br /> kept a target of producing 8.75 MT of crude steel.
Essar Steel has commissioned a heat recovery power plant at Hazira in Gujarat of 19 MW which is likely to reduce the power cost of the company.
Global airline alliance Oneworld has not set any time line for the entry of India's troubled Kingfisher Airlines into its fold after putting on hold its membership earlier this year.
The rupee gained following the Asian stocks gain in the light of eurozone agreeing to bail out Spanish banks.
The store plans to open 50 such branches in the next two years across the UK and expects to create 500 new jobs by end of 2013, it said in a statement.
The turnover of the commodities exchange marginally by around 4 per cent to Rs 26.90 lakh crore in the first two months of the current fiscal generated largely due to farm commodities and metals and energy items like crude oil.
Goldman CEO said Gupta was not authorised to disclose information either of the board's audit committee in March 2007 or other meetings where the firm discussed quarterly results before it was made public.
Ford India today said the government's proposal to impose additional tax on diesel vehicles will create an uncertainty on future investments in the country.
Mukesh Ambani did not give a launch date of its much-anticipated service but said that he is currently finalising plans to offer services on a nation-wide basis and will be happy to report our progress in the coming years.
It would include research and engineering in cancer treatment, radiochemistry and other technology applications in healthcare, locomotive engines, heavy earth moving equipment and equipment for the energy sector.
Adani is planning a $10 billion coal and rail project in the Galilee Basin.
The rupee appreciated on Thursday, its fourth consecutive daily gain. Asian equities are also up hoping for eurozone bailouts.
Seven Sony Corp. executives, including Chairman Howard Stringer and President Kazuo Hirai, are giving up their performance-based bonus pay.
Rupee rose to its highest in ten days leading BSE to rise up 0.5 percent in the pre-open trade on Tuesday.
The G7 emergency meeting has caused gold to inch up to $1,530 level and might even go higher, some analysts say.