A benchmark index of Indian equities Tuesday fell sharply soon after opening bell.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,841.42 points, was ruling at 19,762.4 points, down 195.43 points or 0.98 percent from its previous close at…

Power Minister Sushil Kumar Shinde Monday said the aggregate losses of state-run transmission and distribution (T&D) companies for 2010-11 is expected to be Rs.68,643 crore.“As per the thirteenth finance commission report, the aggregate loss of state T&D utilities at 2008 tariff for 2010-11 has…

A benchmark index of Indian equities Monday rose 197 points soon after opening bell.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,713.84 points, was ruling at 19,783.16 points, up 197.72 points or 1.01 percent from its previous close…

A mobile application for Nokia handsets, combining e-mail and content back-up functions, was launched Thursday by a city-based technology company.“This software is called BharatBerry. It offers advance push mail with over the air (OTA) backup of your contacts, tasks, calendar and notes. Also, it…

National carrier Air India (AI) Thursday reported a decrease in its net loss for the fiscal 2009-2010, which stood at Rs.5,551 crore as against a net loss of Rs.7,189 crore in the fiscal 2008-2009.According to the airline, the results were muted due to increase…

Axis Bank, the country’s fourth largest lender, Wednesday said it is to acquire investment banking and securities unit of Enam Financial, a closely held firm, in an all-stock transaction valued at Rs.2,067 crore.“We have done exchange of shares and are not walking away with…

Indian exporters should focus on the emerging economies, especially Latin American countries, to sustain growth as demand in rich countries slackens, Minister of State for Commerce and Industry Jyotiraditya Scindia has said.“We need to augment our exports to Latin American countries as they are…

Telenor, the parent company of Indian mobile operator Uninor, is confident of outlasting other new entrants as revenues decline and consolidation in the industry looms large.“Consolidation will happen in future…We will certainly survive,” Jon Fredrik Baksaas, president and chief executive of the Telenor Group,…

A sharp fall in India’s industrial output in the last two months is an aberration and the government is confident of achieving 8.5 percent economic growth during the current fiscal, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Sunday.“We are not going to alter…

The private sector is likely to contribute nearly half of the estimated $1 trillion investment in infrastructure sector during the 12th five-year plan period (fiscal 2012-17), Finance Minister Pranab Mukherjee said Monday.“Nearly 30 percent of the total spending on infrastructure sector during the first…