Steel firms are free to raise prices but they fear the government, battling to control high inflation, could armtwist them with threats of fiscal steps like taxing exports to increase domestic supply. "I have instructed the steel secretary to see

The pension bill proposes letting foreign funds hold a maximum 26 percent in joint ventures with Indian firms. The banking bill aims to raise foreign investors' voting rights to the level of their shareholding in private Indian banks. "The pension

Bangalore, home to top outsourcers Infosys Technologies and Wipro, was hit by seven low-intensity bombs, killing one and wounding at least 15. "The Bangalore blasts created nervousness on the minds of the investors," Deven Choksey, chief executive at brokerage KR

He was awarded a nine per cent share of the £7 million income the Palmers Wood Oilfield has yielded since 2000 and the same proportion of all future income. The wells initially produced 9,000 barrels of oil a month, but

The petrochemicals and refinery giant met forecasts with a 13 percent rise in quarterly profit, reported after the market close on Thursday, but analysts were disappointed after four quarters of 20 percent-plus earnings growth. JPMorgan said Reliance's net profit was

At 10:39 a.m., the partially convertible rupee was at 42.2850/2950 per dollar, weaker than 42.13/14 at close on Thursday. "The Asian stocks are down so even local shares are seen negative through the day, so there is some dollar buying

Precious metals have been hit by heavy selling this week on declines in oil prices and a steadier dollar. Platinum was the hardest hit as fears of falling global car sales, blamed on a slowing U.S. economy, could cut demand

Concerns that high prices and a weaker U.S. economy will undermine demand have driven oil down more than $20 from a record peak above $147 a barrel set earlier this month, but technical trading and a short-covering bounce helped buoy

Storm clouds of a different kind are gathering on the macro-economic horizon and they have nothing to do with surging global crude oil prices. The monsoon has played truant across large parts of India, with western and southern India reeling

After much delay, the central government's subsidised edible oil programme to protect the poorer sections from rising prices has been finally scheduled to start from July 28.

Mukesh Ambani controlled Reliance Industries fears that gas supplied to Reliance Natural Resources, belonging to younger brother Anil Ambani, would be traded to a third party as RNRL does not have a power plant, said Harish Salve, the legal counsel

India on Friday stood its ground against attempts to dilute the triggers in the Special Safeguard Mechanism to check unforeseen rise in imports of farm goods

Mahindra & Mahindra, the country's biggest utility vehicle maker, is re-considering plans to sell French carmaker Renault's vehicles through its own distribution network after pulling out of a joint venture agreement in January.

Good-bye, all you folks at Airport Authority who ran the old airports, and good riddance.

Several Middle East cities fall in list of world's most expensive cities to live in.

UPDATE 1: 10-year-old boy among victims as violent clashes between rival factions continue in Lebanon.

UPDATE 1: UAE's largest construction firm posts Q2 net income of $74.5mn, topping analysts' forecasts.

Milestone Capital Advisors, the real estate venture capital fund promoted by Ved Prakash Arya, is planning to launch a private equity fund with a corpus close to Rs 600 crore. The announcement will be made in a few weeks.The PE

In keeping with its policy to build maritime bridges with countries in the region, India will be hosting two Saudi Arabian warships in its waters from July 28 to 31.

Tokyo, July 25, 2008 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2008. Consolidated net sales and other operating revenue amounted to JPY 2,867.2 billion, a decrease