Business News

BoI mulls BPLR, deposit rates hike Posted: 01 Aug 2008 03:07 AM CDT Public sector lender Bank of India is considering a hike in its benchmark prime lending rate following the Reserve Bank raising its key rates earlier this week.

India plans global auction for 3G spectrum Posted: 01 Aug 2008 03:07 AM CDT India will hold a global auction for high-speed third-generation (3G) mobile services and have five operators initially, the telecoms minister said on Friday.

India 2nd best country for biz investment: Survey Posted: 01 Aug 2008 03:07 AM CDT India is the second best country for business investment, a new survey of American corporate executives shows.

Moser Baer Q1 net loss at Rs 103.98 cr Posted: 01 Aug 2008 03:07 AM CDT Compact discs maker Moser Baer India on Friday announced a net loss of Rs 103.98 crore for the first quarter ended June 30, 2008, against a net profit of Rs 9.64 crore in the same period a year-ago.

Essar Oil Q1 net profit at Rs 29.93 cr Posted: 01 Aug 2008 03:07 AM CDT Ruias-led Essar Oil on Friday announced a net profit of Rs 29.93 crore for the first quarter ended June 30, 2008, against a net loss of Rs 5.67 crore in the corresponding period a year-ago.

Govt releases guidelines for 3G service Posted: 01 Aug 2008 03:07 AM CDT The government on Friday set the ball rolling for introduction of next generation (3G) mobile services, as also mobile number portability that would allow users to switch operators while retaining existing numbers.

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