8 Air India unions threaten to go on strike from April 2

Spelling fresh trouble for crisis-ridden Air India, 8 unions representing a large chunk of the over 28,000 staff, today threatened to go on strike from Monday to protest delay in salary payments and sought Prime Minister's immediate intervention to resolve the situation.As the management ca...

Oil down after stockpiles surged in U.S

Oil falls after stockpiles surged in U.S

Asian markets down for 2nd day

Essar Oil completes Rs.8300 crore refinery expansion project<br/>

Essar Oil has announced the completion of its 8,300-crore rupee expansion of its Vadinar oil refinery in Gujarat that will boost company&apos;s turnover by 30 to 35 per cent, besides improving margins.Vadinar Refinery is now India&apos;s second largest single-location refinery, with an annua...

Eight core industries grow up to 6.8 per cent in Feb 2012

Growth in the country&apos;s eight core industries picked up to 6.8 per cent in February 2012, against 6.4 per cent growth in February last year, on account of healthy growth in coal, electricity and cement production.The infrastructure industries had grown by just 0.5 per cent in January 2012. ...

Rupee falls by 62 paise against US dollar<br/>

The rupee tumbled by 62 paise to close at almost 11-week low of 51 rupees 40 paise against dollar. This follows sustained demand for the US currency from importers and some banks amid weakness in local stocks.At the Interbank Foreign Exchange or Forex market, the domestic unit opened sharply lower a...

Sensex slides 63 points amid weak global market<br/>

The Sensex at the Bombay Stock Exchange declined 63 points, to 17,059, amid weak global markets on Thursday. The Nifty at the National Stock Exchange fell 16 points, or 0.3 percent, to 5,179.

Govt surpasses 11th plan electricity generation target

The government has surpassed electricity generation target of 11th five year plan and the rural electrification target under Bharat Nirman. Speaking to media in New Delhi today Union Power Minister Mr.Sushil Kumar Shinde said that as against target of 855 billion units, the country has achieved gene...

Oil prices fall in Asia

Oil prices fell in Asian trade today following US and European indications of support for releasing strategic oil reserves. New York&apos;s main contract crude for delivery in May, shed eight cents to 105.33 dollar per barrel in the afternoon while Brent North Sea crude for May settlement was do...