Business News Headlines

Investments in broadband need to ensure benefits to society

New Delhi , Dec 18

Investments in broadband need to be encouraged and facilitated in India so that the benefits of broadband to business and society can be ensured, industry experts said here Thursday.

Normal operations resumed, says Spice Jet

Chennai , Dec 18

A day after its flights were grounded, budget airline SpiceJet Thursday announced resumption of normal operations on all its 230 flights scheduled to operate for the day.

Surajkund fair from Feb 1, Lebanon partner country

Chandigarh , Dec 18

The 29th edition of the Surajkund International Crafts Mela (fair) will be held from Feb 1-15 at Surajkund near Faridabad, a senior Haryana official said here Thursday.

Atlas Cycles to shut down Madhya Pradesh factory

Mumbai , Dec 18

After years of losses incurred from its Malanpur factory in Madhya Pradesh, Atlas Cycles has decided to shut down the unit and has already suspended manufacturing activity there, the company said Thursday.

POSOCO to operate power grid system as public sector company

New Delhi , Dec 18

An independent public sector company responsible for power transmission system operations has been set up as the Power System Operation Corp (POSOCO), the government announced Thursday.

Sensex closes 416 points up, banking stocks surge

Mumbai , Dec 18

A benchmark index of Indian equities markets Thursday closed trade 416.44 points or 1.56 percent up as banking stocks gained.

Myanmar allows 13 more local, foreign firms to make investments

Yangon , Dec 18

Myanmar has allowed two more domestic companies and 11 foreign firms in December alone to make investments in the country, the Myanmar Investment Commission said Thursday.

625 mn euro German loan for GEC project

New Delhi , Dec 18

India has signed a 625 million euro loan agreement with Germany for financing the Green Energy Corridors (GEC) project under Indo-German bilateral development cooperation, the union finance ministry said Thursday.

Navi Mumbai to get a World Trade Centre

Mumbai , Dec 18

Navi Mumbai, spread across Thane and Raigad districts on the mainland in Maharashtra, will get its own independent World Trade Centre, a top official announced here Thursday.

GSI to look for coal reserves in Tripura

Agartala , Dec 18

The Geological Survey of India (GSI) has undertaken a diverse study after a coal-like substance was found in Tripura, an official said here Thursday.