Business News Headlines

IGL not to hike gas prices

New Delhi , Nov 1

City gas distributor Indraprastha Gas Ltd (IGL) late Friday said it will not increase prices, although the government had announced a new price for domestic natural gas effective Saturday.

Nokia will not make handsets in India anymore

Chennai , Oct 31

Nokia, once an iconic mobile handset maker, is shutting down its India plant Saturday at Sriperumbudur near here, a company spokesperson said Friday.

Bhopal fugitive Warren Anderson is dead

Washington , Oct 31

Warren Anderson, the former CEO of Union Carbide Corp, has died at 92 after living for 30 years under the shadow of the 1984 Bhopal gas tragedy that killed thousands.

Petrol, diesel rates cut by over Rs.2 per litre

New Delhi , Oct 31

Petrol and diesel prices were cut Friday by over Rs.2 per litre each, effective minight, IndianOil Corp announced.

Core industries growth slows down to 1.9 percent in September

New Delhi , Oct 31

The growth of eight core industries slowed down to 1.9 percent in September on the back of a fall in production of crude oil, natural gas, petroleum refinery products and fertilisers during the month, official data showed Friday.

Investors are again turning to Bengal: Amit Mitra

New Delhi , Oct 31

West Bengal Finance and Commerce Minister Amit Mitra Friday said investors were again turning to the state which has over Rs.78,000 crore investments under process, and fresh proposals worth another Rs.120,000 crore.

UP mulling freeholding industrial plots

Lucknow , Oct 31

The Uttar Pradesh government is considering declaring industrial plots in the state freehold, an official said Friday.

COAI wants regulator to review telecom M&A guidelines

New Delhi , Oct 31

The Cellular Operators' Association of India (COAI) has requested the Telecom Regulatory Authority of India (TRAI) to take a comprehensive review of the merger and acquisition (M&A) guidelines.

Gold price dips Rs.600 per 10 gram

New Delhi , Oct 31

Jewellery buyers have a reason to buy more gold even after the festive season has just gone as the yellow metal prices dropped by Rs.600 per 10 grams here Friday to Rs.26,500.

Facebook sets up India Client Council

New Delhi , Oct 31

Social networking site Facebook has set up the India Client Council to better serve its partners and offer a forum to brands to share future ideas of marketing.