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Steel industry slashes prices

By OUR CORRESPONDENT New Delhi, May 7: Steel companies on Wednesday slashed the price of flat products by Rs 4,000 per tonne and rebars and structural
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RBI board to take stock of high inflation

New Delhi, May 7: Amid continuing concerns of high inflation, the Reserve Bank’s board of governors will meet on Thursday in Shillong to take stock ...
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Gates plays down fresh Yahoo bid

Tokyo, May 7: Microsoft chairman, Mr Bill Gates, on Wednesday played down the chances of a fresh takeover bid for Yahoo, saying the US software ...
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Centre may divest stake in TataCom

Delhi, May 7: The government is considering divesting its 26 per cent residual stake in Tata Communications Ltd (formerly VSNL), a deal that could fetch ...
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India to have more millionaires than China

By Our Special Correspondent Mumbai, May 7: India will beat China by 2017 in at least one area, when it will have more millionaires in dollar ...
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High crude, weak global cues keep markets down

By Our Special Correspondent Mumbai, May 7: The market tanked for the third successive day on Wednesday on weak global cues and high crude prices. Asian ...
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Oil price rise fails to land low-cost airlines

New Delhi, May 7: No-frill carriers begin aggressive marketing to attract passengers despite skyrocketing jet fuel prices that have affected the financial health of the ...
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Deduction for house repairs not flexible

Kamal Rathi Q I have invested Rs 12 lakh of my retirement benefits in Senior Citizen Saving Scheme in April 2006. In June 2007, I foreclosed ...
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Cognizant profit rises 35% in Q1

By OUR CORRESPONDENT Chennai, May 7: Cognizant Technology Solutions on Wednesday posted a 40 per cent increase in revenue at $643.1 million (Rs 2,633 crore) for ...
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MSD vies for top 5 slot in Indian pharma industry

By OUR CORRESPONDENT Hyderabad, May 7: MSD Pharmaceuticals, the Indian arm of global pharma giant Merck & Co, aims to be amongst the top 5 drug ...
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