OPEC crude price stable at $110.51
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell only slightly on Tuesday, OPEC announced Wednesday.
'India emerging most favoured investment destination'
U.S. Consul General Aileen Crowe Nandi Monday paid glowing tributes to Indian economy, saying the nation was emerging as the most favoured destination for overseas invest...
ONGC to invest $104.65 Mn for exploration, production
State-run hydrocarbon major Oil and Natural Gas Corp (ONGC) Monday said its board has approved spending Rs.4.5 billion ($104.65 million) to enhance its exploration and pr...
Tata Motors to expand Land Rover sales in India
India's largest automobile company Tata Motors will expand sales of the iconic British utility vehicle Land Rover in this country within the next one year, a top company ...
8-9 percent growth possible, Chidambaram tells industry
Finance Minister P. Chidambaram Tuesday told industry leaders he believed the economy would log an eight to nine percent growth in the current fiscal.
Global tender soon for India's first telecom cluster
A global tender will be floated in two to three weeks to find a private partner for the country's first telecommunication equipment manufacturing cluster, the Rs.8 billio...
Bank of India applies to open in Cambodia
Cambodia has welcomed an initial application by the Bank of India to open in Phnom Penh, local media reported Tuesday.
Axon shares jump after Infosys offer; counterbid predicted
Shares in the British consultancy group Axon jumped by 20.1 percent Tuesday fuelling speculation about a counterbid to Infosys Technologies' 407 million pound ($800 milli...
Declining oil prices will not lower inflation: Report
The recent decline in global oil prices will not lower India's rate of inflation, which will remain "stubbornly strong" in the coming days despite monetary tightening by ...
Rupee slides to 18-month low against dollar
The Indian rupee hit an 18-month low Tuesday shedding 49 paise to a dollar to breach the Rs.44-mark for the first time since March last year.