Thursday, August 28, 2008

Business News

Business News

General Motors to put $200mln in India engine plant

Posted: 28 Aug 2008 01:51 AM CDT

MUMBAI (Reuters) - General Motors Corp on Thursday said it would invest more than $200 million initially in a powertrain plant in India, as the troubled carmaker aims to double its share of a fast-growing but increasingly competitive market.

Mobile user base touches 296 million

Posted: 28 Aug 2008 01:35 AM CDT

India now along with China is between the top two countries that add maximum number of wireless subscribers every month. India has added record 9.22 million wireless subscribers in July as against 8.94 million in June.

Bahrain banking sector posts strong growth in first half of 2008

Posted: 28 Aug 2008 01:19 AM CDT

Dubai, Aug 28 (IANS) Bahrain's banking sector continued to show dynamic and confident growth in the first half of 2008, according to that Gulf nation's leading economic authority.

Canada extends control over oil-rich Arctic region

Posted: 28 Aug 2008 01:19 AM CDT

Toronto, Aug 28 (IANS) With the rapidly disappearing Arctic Ocean ice raising prospects of a scramble for rich seabed resources among neighbouring nations, Canada is flexing its muscle, extending its jurisdiction over the region from 100 nautical miles to 200.

Over 160 nominations filed for new UAE global energy award

Posted: 28 Aug 2008 01:05 AM CDT

Abu Dhabi, Aug 27 (IANS) Over 160 nominations from around 40 countries have been filed for the inaugural Zayed Future Energy Prize to be presented in a global energy summit here next year.

Markets recover, Sensex adds 50 pts

Posted: 28 Aug 2008 12:22 AM CDT

The Bombay Stock Exchange benchmark Sensex gained 50 points in early trade on Thursday on selective buying by funds amid short-covering by speculators.
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