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Tue, Nov 24, 2009
Indian Oil, NPCIL plan nuclear power plant
Indian Oil Corp, the nation's largest oil firm, will set up a Rs 10,000 crore (Rs 100 billion) nuclear power plant in association with Nuclear Power Corp of India Ltd. Hyundai workers threaten strike again
Hyundai Motor India has received a faxed communication dated November 19 from the unrecognised union stating that they will resort to direct action from December 5. Assocham's tip to arrest market volatility
Assocham suggested that the government should create a sovereign fund out of the money collected through Securities Transaction Tax and use the corpus to arrest volatility in the stock market, fuelled especially by FIIs. Is your company delisting? Know your rights as investors
Delisting in India is protected by one of the strongest laws in the world. According to the new Sebi delisting regulations, delisting can happen only in the rarest of rare cases. India Inc's global shopping bag shrinks
Indian acquisitions have dropped to $27.3 billion in 2009. Satyam Scam: CBI files second chargesheet
As per the chargesheet, "the accused forged board resolutions and unauthorisedly obtained loans to the tune of Rs 1,220 crore (Rs 12.20 billion) for Satyam Computer. AI focussing on slashing costs, boosting revenue
The plan also envisages manpower cost rationalisation, fuel management, route profitability enhancement and non-traffic revenue enhancement. Mittal plans 6 mt plant in Karnataka
Rs 30,000-crore investment is likely. Markets end with marginal losses
The NSE Nifty touched a high of 5,113 in early trades, and then dropped to a low of 5,054. The index settled with a loss of 13 points at 5,091. 6 Indian cos, CII ink trade deals in US
The Confederation of Indian Industry has also inked a pact with Santech Communication to serve the needs of industry for nanotechnology-based products. Govt won't stop insurance agents' commission
Minister of state for finance Namo Narain Meena said 'No' in a written reply to the Rajya Sabha when asked whether the government is considering any proposal to discontinue insurance agents' commission. China's growth more, but we will stick to our path: PM
India's growth rate, which slowed down to 6.5 per cent this fiscal because of global financial meltdown, is expected to get back to around 9 per cent within two years. Govt to consider new SEZ proposals on Dec 15
The government would consider fresh applications for SEZs on December 15. NSE joins Twitter bandwagon
So far, about 500 tweets have been posted on the exchange's page on the Twitter. An exchange official said that the NSE has distinguished itself from other bourses with its presence on Twitter. PM charms US biz, seeks investment, assures reform
As it becomes ever-apparent that partnerships like the United States and India will help provide a roadmap out of the current global recession, influence the economic destiny of the 21st century, and create jobs around the world, over 500 America's business leaders converged on the US Chamber of Commerce to greet Prime Minister Manmohan Singh for his first major address in Washington DC on November 23. India needs 50-cr skilled workers by 2022
The directorate general of employment and training, ministry of labour and employment and government of India has recently launched the modular employable skills scheme to provide more employement. ONGC opposes parking funds with state-run banks
ONGC has written to the government numerous times saying the state-run banks on getting assured business act in cartel, offering interest rates lower than even that on retail deposits. Reva scouts for partners to make electric cars in US, Europe
Reva, which had recently entered into an agreement with General Motors India for launching electric version of the compact car Spark, said it was also open to partnering other companies. GAIL India to give Rs 500 cr to its subsidiary
The four city gas projects in Meerut, Dewas, Sonipat and Kota were awarded to the company in June last year. It is raining small cars in India!
Small cars account for 80 per cent of the domestic market and exports are growing at a fast pace. Tata to study market for electric Indica
The company is currently developing the electric Indica with a Norway-based firm for launching the car in the European market by 2011. India's 10 fastest growing tech companies
Despite competitive conditions all round for industry players across India, the 50 companies on our list have managed to achieve an average revenue growth rate of 372 percent over the last three years. BSE to roll out websites in regional languages soon
Meanwhile, market regulator Securities and Exchange Board of India said in a statement the reports suggesting that MNS has asked it to provide Marathi as an option on its website were erroneous. Gas row hearing: Anil Ambani present in SC
The Ambani brothers are locked in a bitter battle over the supply and price of the gas from KG basin. Forum to discuss Indo-US biz partnership chances
The US India CEO Forum was launched in 2005 and has held meetings in both the US and India in the past.