From the category archives:

Business News

Financial stocks push FTSE 100 higher

by reporter March 12, 2010 Finance

London shares opened a little higher on Friday, capping off one of the least volatile weeks of the year, amid a lively revival of merger and acquisition activity

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IL Transportation Networks IPO subscribed 1.23 times

by reporter March 12, 2010 Business News

The Rs 700-crore initial public offer (IPO) of IL&FS Transportation Networks Ltd got subscribed 1.23 times till 1300 hrs on the second day of issue today.

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Delhi HC gives relief to women defence services officers

by reporter March 12, 2010 Business News

In a major boost to women serving in the defence services, the Delhi High Court today directed the Centre to allow grant of permanent commission to them.

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Wall Street’s fresh high paints positive backdrop

by reporter March 12, 2010 Finance

Global Markets Overview: Many analysts had suggested that once the S&P breached 1,150, as it did on Friday, that would reinvigorate traders and help push stocks higher

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Food inflation to ease, WPI unlikely to touch double-digits

by reporter March 12, 2010 Business News

The Planning Commission today said that high inflation, primarily driven by rising food prices, is likely to ease in the next few months on the back of an expected good rabi crop.

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Concurrent acquires majority stake in Kazi Aviation

by reporter March 12, 2010 Business News

Concurrent (India) Infrastructure today said it has acquired majority stake in Kazi Aviation & Travel Services.

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GM crops covered under Food Safety Act, says govt

by reporter March 12, 2010 Business News

The government today assured Lok Sabha that all concerns related to genetically modified crops were covered under the Food Safety and Standards Act.

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BA union set to announce strikes

by reporter March 12, 2010 Business News

The union representing BA cabin crew plans to announce strike dates later this morning, the BBC understands.

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NEWSALERT: Two blasts in Lahore Cantonment

by reporter March 12, 2010 Business News

Two blasts within Lahore cantonment, casualties feared.

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LG Display to spend $1.3billion to up output

by reporter March 12, 2010 Business News

PAJU, South Korea (Reuters) – Flat-screen maker LG Display will spend $1.3 billion to raise output and help meet robust customer demand and is betting on booming premium LCD TV sales to drive strong growth this year.

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McNally Bharat wins Rs 245 cr contract from SAIL

by reporter March 12, 2010 Business News

McNally Bharat Engineering Company today said it has bagged an order worth Rs 245.42 crore from Steel Authority of India Ltd for infrastructure related works at Rourkela steel plant.

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India set to return to 8.5% growth in FY11: Montek

by reporter March 12, 2010 Business News

India is well-set to go back to 8.5 percent growth in the nextfiscal year, a top policy adviser said on Friday.

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FSA to clamp down on mis-selling

by reporter March 12, 2010 Business News

The head of the financial watchdog the FSA will announce plans to toughen up consumer protection.

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Asia stocks head for 5th straight week of gains

by reporter March 12, 2010 Business News

SINGAPORE (Reuters) – Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel.

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Obama to tap Yellen for Fed vice chair: source

by reporter March 12, 2010 Business News

WASHINGTON (Reuters) – President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.

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