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Slower growth in six core industries in February
( 26-Mar-2010 )

New Delhi: Six key sectors of the economy grew 4.5 percent in February, slower than the 9.4 percent in the previous month, official data showed Friday. Electricity production increased 7.3 percent in February, crude oil 4 percent, petroleum refinery products 0.8 percent, coal 6.8 percent, cement 5 ....
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Polaris picks up 51 percent stake in Indigo TX
( 26-Mar-2010 )

Chennai: City-based Polaris Software Lab has acquired 51 percent stake in financial and back office services company Indigo TX Software for an undisclosed sum. "We found Indigo's brokerage software product an apt fit in our mutual fund product suite. Coupled with last year's acquisition of Laser So ....
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India's food inflation falls even as index moves up a tad
( 25-Mar-2010 )

New Delhi: India's annual food inflation fell marginally once again to 16.22 percent for the week ended March 13 from 16.3 percent for the week before even as prices of lentils, fruits and vegetables moved up over the past week. According to data on wholesale price index released by the commerce an ....
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NTPC pays highest dividend to government
( 25-Mar-2010 )

New Delhi: The country's largest power generator, the state-run NTPC has said it had paid the highest interim dividend so far at Rs.2,090.21 crore to the government for the current fiscal. The dividend payout has been kept at Rs.3 per equity share, which was 30 percent of the paid-up equity share c ....
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Intensified inflationary pressures need cautious checks: RBI
( 25-Mar-2010 )

New Delhi: Despite recent easing of food prices, inflationary pressures remain high in India calling for more steps from policy-makers but with due caution such that economic recovery is not harmed, the central bank said Thursday. "Inflationary pressures have intensified beyond the baseline project ....
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