Business

Indian industry on Wednesday expressed disappointment over Finance Minister P Chidambaram's Budget for 2007-08.

The Finance Minister has reduced the excise duty on petrol and diesel from eight per cent to six per cent.

The economic survey will be announced at noon on Tuesday. This survey is the traditional report card on the economy ahead of the Budget.

Railway Minister Lalu Prasad is likely to roll out innovative measures in the rail budget on February 26.

The inflation has declined to 6.63 per cent for the week ended February 10, compared to 6.73 per cent in the previous week.

The 30-share index, which had lost more than 380 points in the past three sessions, has recovered just 49.96 pts.

Cairn is ready to start production from its Saraswati field and it waiting for finalisation of oil sales.

Sensex went down 149.52 points to close at 14,253.38, and the Nifty down 57.60 points or 1.38 per cent at 41,06.95.

The markets closed in green but were off the day's high as some profit booking occured at the higher levels.

Essar was upset over Vodafone's announcement on network sharing with Bharti Airtel without consulting the group.

Top BJP leaders have expressed surprise over the fact that the Government is taking no action in the matter.

"Today is Valentine's Day, we are sending roses to Ruias and will visit them," Vodafone chief Arun Sarin said.

TCS announced securing a major contract with China Foreign Exchange Trade System under the Chinese central bank.

It’s the best of times for India Inc. as corporate India is shining like never before with big acquisitions underway.

Potential for BPOs to reduce costs by 20-30 per cent and IT services companies to increase EBIT margins by 3-6 per

Ratan Tata on Corus takeover.