Business

August 25, 2012 8:57 AM

RBI tells banks to tweak FD norms

The Reserve Bank of India (RBI) has asked regional rural and co-operative banks to modify Fixed Deposit account opening forms to allow premature withdrawal of FD on death of one of the joint account holders without any penalty.Under the modified norms, it will be easier for the surviving joint accou...

August 25, 2012 8:55 AM

Samsung loses $1-bn patent suit against Apple

US computer giant Apple has won more than $1 billion against South Korean mobile phone maker Samsung in one of the biggest patent cases in decades. A US court rejected Samsung's counterclaims against Apple on Friday. Apple had claimed that its iconic iPhone and iPad have been illegally copi...

August 24, 2012 5:05 PM

Sensex loses 67 pts to close at 17,783

The Sensex at the Bombay Stock Exchange lost 67 points, or 0.4 percent, at 17,783, today. The Nifty at the National Stock Exchange fell 29 points, or 0.5 percent, to 5,387.

August 24, 2012 1:59 PM

Sensex trading down at 17,762;Rupee falls 18p against $

The Sensex at the Bombay stock Exchange fell 89 points, or 0.5 per cent, to 17,762 in early trade, today, on profit-booking by funds and retail investors, amid weak regional markets. Later, the Sensex remained subdued, and stood 110 points, or 0.6 per cent in the red, at 17,740 in afternoon deals, a...

August 24, 2012 1:57 PM

Sensex trading down at 17,762;Rupee declines 18p against $

The Sensex at the Bombay stock Exchange fell 89 points, or 0.5 per cent, to 17,762 in early trade, today, on profit-booking by funds and retail investors, amid weak regional markets. Later, the Sensex remained subdued, and stood 110 points, or 0.6 per cent in the red, at 17,740 in afternoon deals, a...

August 24, 2012 1:54 PM

India plans non-stop air services from Delhi to Melbourne & Sydney<br/>

India has planned to introduce non-stop air services from Delhi to Melbourne and Sydney in Australia this year. Civil Aviation Minister Ajit Singh gave this information in the Lok Sabha today. In a written reply, he said the new services will be operated with 2 of the 7 Dreamliner aircraft expected ...

August 24, 2012 1:31 PM

Mining & minerals sector needs innovation: Mines Secy

Centre today asked geoscientists to fulfill their responsibilityto the society by evolving new ways to enhance economic growth and development. Speaking at the 51st meeting of Central Geological Programming Board in New Delhi, the Mines Secretary Mr Vishwapati Trivedi also urged the public and priva...

August 24, 2012 1:26 PM

No proposal to reduce fertiliser subsidy: Min Jena

The government today said that there is no proposal to reduce the subsidy on fertilizers. This information was given in a written reply in the Rajya Sabha today, the Minister of State for Chemicals and Fertilizers, Mr Srikant Jena.

August 24, 2012 1:16 PM

Singur Case: SC seeks Tata Motors response on WB govt SLP

The Supreme Court today sought response of Tata Motors on a special leave petition filed by the West Bengal government challenging the quashing of the Singur Land Acquisition Act by the state high court. A bench of justices H L Dattu and C K Prasad, however, said that the Calcutta High Court&apo...

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