Business

Award of civil contracts kickstarts Mumbai's Metro Line-3

Tue, 07/05/2016 - 19:48

Mumbai, July 5 (IANS) The proposed Colaba-Bandra-SEEPZ Mumbai Metro Line-3 took a big leap with Mumbai Metro Rail Corporation Ltd awarding civil contracts worth over Rs 18,000 crore for the 33.5-km section, an official said here on Tuesday.

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Profit booking, global cues dent equity markets (Roundup)

Tue, 07/05/2016 - 19:20

Mumbai, July 5 (IANS) Profit booking, coupled with bearish global cues and a weak rupee on Tuesday subdued the Indian equity markets which closed the day's trade in the red after six consecutive sessions of gain.

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TCS iON to power Royal College of Physicians of Ireland

Tue, 07/05/2016 - 18:50

Bengaluru, July 5 (IANS) Leading IT company Tata Consultancy Services (TCS) on Tuesday announced working with the Royal College of Physicians of Ireland (RCPI) to deploy its iON cloud solutions for transforming the way doctors interact with other.

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Dilshad Garden-Ghaziabad section of Metro work gets stuck

Tue, 07/05/2016 - 18:48

Ghaziabad, July 5 (IANS) The DMRC's project to extend the Metro rail from Dilshad Garden to the New Bus Stand in Ghaziabad has got stuck due to alleged delay in clearance of a file for the last six months.

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Cabinet approves new post in Eastern Railway

Tue, 07/05/2016 - 18:40

New Delhi, July 5 (IANS) The Union Cabinet on Tuesday approved the creation of senior administrative grade post of Chief Works Manager in the Mechanical Department of Diesel Component Factory, Dankuni (West Bengal) under the Eastern Railway.

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BSH Household to expand retail presence, launch refrigerators

Tue, 07/05/2016 - 18:14

Chennai, July 5 (IANS) The Indian subsidiary of German consumer durable maker BSH Household Appliances Manufacturing will be expanding its own retail outlets while launching refrigerators in the premium mass segment, said a top company official.

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India orders steel dumping probe again, China concerned

Tue, 07/05/2016 - 18:00

New Delhi, July 5 (IANS) With the Directorate General of Anti-Dumping and Allied Duties (DGAD) again initiating a probe into dumping of colour-coated steel from China and European Union (EU), the former expressed concern over India's trade remedy measures against its steel products.

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Foreign equity limit in Axis Bank raised to 74%

Tue, 07/05/2016 - 17:48

New Delhi, July 5 (IANS) India's cabinet on Tuesday permitted up to 74 percent foreign holding in Axis Bank, the country's third largest in the private sector, from the current approved level of 62 percent.

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Funding dips in Indian e-commerce sector

Tue, 07/05/2016 - 17:36

Bengaluru, July 5 (IANS) Fund raising in the Indian e-commerce sector declined 50 per cent in the April-June quarter over the same period of last fiscal, investment bank and securities firm Jefferies Group said on Tuesday.

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