Bollywood Newsroom: Business News

Saturday, August 30, 2008

Business News

Posted: 30 Aug 2008 01:31 AM CDT

Kolkata, Aug 30 (IANS) Eminent industrialist and former Rajya Sabha member Krishna Kumar Birla died at his Birla Park residence here Saturday after a brief illness. He was 90.

Protestors lay seige outside Nano plant, workers stay away

Posted: 30 Aug 2008 01:29 AM CDT

Work at Tata Motors' Nano car project site remained paralysed for the second consecutive day on Saturday as none of the employees could report for work due to a siege laid by Trinamool Congress.

Industrialist K.K. Birla dead

Posted: 29 Aug 2008 11:32 PM CDT

Kolkata, Aug 30 (IANS) Eminent industrialist K.K. Birla died at his Birla Park residence here Saturday morning after a brief illness. He was 90 years old.

India Inc's raw material expenditures up in Q1

Posted: 29 Aug 2008 05:08 PM CDT

Rising inflation and a huge rally in commodity prices all over the world has started to have a telling impact on India Inc's profitability, reveals a study by FE. While much of this was expected, the extent of impact is actually quite severe, as the study has found: for a sample of 2,036 companies, raw material costs have increased by 37.4% in the first quarter of FY'09, touching Rs 2.85 lakh crore as against Rs 2.08 lakh crore during the same period of the previous year.

L&T order book swells to Rs 52,683 cr, profits up 55%

Posted: 29 Aug 2008 05:08 PM CDT

Larsen & Toubro Ltd's (L&T) order book as on March 31, 2008 stood at a healthy Rs 52,683 crore, of which Rs 8,736 crore was contributed by international business.

Sensex rallies, shunning GDP growth figure

Posted: 29 Aug 2008 05:08 PM CDT

Decline in inflation and an expcted economic growth rate lifted sentiments in the stock markets.