Singapore and Malaysia announced on tuesday that they will build a high-speed rail link between the city-state and Kuala Lumpur. The target to complete the project is around 2020. A statement issued after a meeting between Singapore Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak said, this is a strategic development in […]
The US President Barack Obama has warned the Congress that people will lose their jobs if deep budget cuts are allowed to take effect next week. Mr Obama said, 85 billion dollars in cuts was a harmful meat-cleaver approach to deficit reduction as he stood with emergency workers at the White House. He also offered […]
Continuing its rising streak for the third straight session, the BSE benchmark Sensex on Wednesday rose by over 106 points in early trade on sustained buying by funds and retail investors amid a firm trend in other Asian bourses. The 30-share index, which had gained 167.57 points in the past two sessions, rose further by […]
Software services major Infosys will get listed on NYSE Euronext London and Paris markets on Wednesday, becoming the first Indian company to be admitted to trade on the leading global bourse. Infosys CEO and Managing Director S D Shibulal will be in London to mark the first cross listing of an Indian company, a company […]
Internet search king Google’s shares pushed past USD 800 for the first time on Tuesday despite a tough new challenge from Microsoft and looming European Union action over alleged privacy violations. Google’s shares hit USD 804.00 in early trade on the Nasdaq exchange, pushing the company’s market valuation to USD 265 billion, after rising 13 […]
The world’s largest food maker, Nestle has become the latest company to be caught up in the scandal in Europe over the contamination of beef products with horsemeat. Nestle has removed readymade Pasta meals from shops in Italy and Spain after tests revealed traces of horse DNA. The Swiss-based firm has halted deliveries of products […]
The BSE benchmark Sensex on Tuesday closed at nearly two-week high level of 19,635 led by buying in blue-chips stocks such as ONGC, Infosys, TCS and ICICI Bank amid a firming European trend. The Sensex rose by 134.64 points, or 0.69 per cent, to 19,635.72, highest closing since February 6. Most of the gains were […]
The Power Ministry would finalise the new bidding norms for power projects after discussions with the developers, Power Minister Jyotiraditya Scindia said on Tuesday. The Ministry, which has constituted an advisory group in the sector which would address the concerns in the sector, will only send the documents to the EGoM after the group’s feedback. […]
The Coal Ministry has received around 316 applications, including 235 from power sector and 38 from mining firms, with regard to 17 coal blocks to be alloted to public sector firms. “We have received 316 applications with regard to 17 coal mines to be allocated to government companies/undertakings,” a government official said on Tuesday. “Of […]
The govt has again appealed to the bank employees not to join the two-day nationwide strike from Wednesday saying there is really no reason for them to go ahead with it. The Government, in a statement on Tuesday, said that it is disappointed to note that a section of the bank employees have decided to […]
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1. BN Group forays into the wellness and fitness oil category with Nutrica