Business

RBI hiked Reverse Repo and Repo rates by 25 basic points in view of economic and monetary conditions.

Mittal Steel says it has started discussions with Arcelor on its proposed takeover of the Luxemburg-based rival.

Exhibiting a partial recovery towards the weekend, the Stock markets revealed a 3.3 pc fall over the week under review.

Nissan and Suzuki announced they have agreed to expand the scope of their business collaboration in various markets.

India's IT and ITeS industry earned $5.3 billion more in the financial year 2005-06 than in 2004-05.

Arcelor's tie-up with Russian steel giant Severstal has raised serious doubts in some quarters of the shareholders.

Markets are likely to consolidate next week, say market men. They say that the panic is over and the bullish undertone is still intact.

A report by the Ministry of Power and the Central Electricity Authority has recommended NTPC get into nuclear power development.

MS has told 1000 technology contract workers in US and India to take seven days off, without pay, in a cost-saving move.

The calls will be charged at Re 1.20 per three minutes, which effectively translates to 40 paise a minute.

FM attributed volatility in capital market to possible selling by some brokers trading on the proprietary accounts due to margin pressure.

Both India and Pakistan have constituted a committee to explore possibilities to jointly fight for patenting Basmati.

Corporates and analysts tried to rationalise the freefall by shifting some of the blame to the global scenario.

Indian Airlines will start a satellite television on its Airbus fleet to provide entertainment to travellers.

India's decision to import wheat to replenish dwindling stocks will not be sufficient to tide over a shortfall.

The Oil ministry said that without a price hike, oil companies would suffer a revenue loss of Rs 73,512 crore in 2006-07 fiscal.