Business News Headlines

Sensex surges 215 points; auto stocks gain

Mumbai , Oct 22

A benchmark index of Indian equities markets Wednesday was trading 215.28 points or 0.81 percent up as auto stocks gained.

Colombia to launch world's first floating gas liquefaction plant

Bogota , Oct 21

The world's first floating gas liquefaction plant is due to begin operating next year off the coast of northern Colombia under a pact between Canada-based Pacific Rubiales Energy and Belgian shipbuilder Exmar.

Cairn India Q2 net falls 33 percent to Rs.2,278 crore

New Delhi , Oct 21

Oil and gas major Cairn India reported a 33 percent fall in net profit for the second quarter ending September on back of lower oil prices and production in results announced Tuesday within days of the government announcing the new price for natural gas.

US interested in Tamil Nadu global investors meet

Chennai , Oct 21

US Charge d'Affairs in India Kathleen Stephens Tuesday called on Tamil Nadu Chief Minister O. Panneerselvam and indicated that companies from her country would be very keen to participate in the Global Investors Meet planned by the state government.

Bill to implement GST in winter session: Arun Jaitley

New Delhi , Oct 21

The constitution amendment bill to implement the Goods and Services Tax (GST) would be introduced in the forthcoming winter session of parliament, Finance Minister Arun Jaitley said Tuesday.

Coal block reallocation must give level-playing field: Industry

New Delhi , Oct 21

Even as the ordinance allowing reallocation of coal blocks cancelled by the Supreme Court received presidential approval Tuesday, the Indian industry welcomed the move saying reforms towards a transparent allocation system must provide a level-playing field for both public and private sectors.

Government to amalgamate NSEL with Financial Technologies

Chennai , Oct 21

The central government Tuesday decided to amalgamate NSEL with its parent Financial Technologies (India) Ltd. (FTIL) to secure the interests of about 13,000 investors of the Rs.5,600-crore fraud-hit company.

Gold is glittering this Dhanteras

New Delhi/ Chennai/ Mumbai , Oct 21

Gold glittered this Dhanteras as jewellers experienced good sales driven by better prices compared to last year.

Ismail Ali Khan to head Telangana Electricity Regulatory Commission

Hyderabad , Oct 21

Telangana government has appointed former director of Nuclear Power Corporation of India Limited (NPCIL) Ismail Ali Khan as the chairman of the Electricity Regulatory Commission (ERC).

TUs oppose coal mines auction ordinance, threaten strike

New Delhi , Oct 21

Major trade unions representing coal workers Tuesday said they oppose the e-auction of cancelled coal blocks proposed by an ordinance with an enabling provision for commercial mining by private companies, and threatened a nationwide strike if the government went ahead with the proposal.