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Category: Business

Auction for broadband wireless services to begin on Monday

NEW DELHI: The auction of airwaves for broadband wireless access (BWA) services, which was scheduled to start on Saturday, will…

Abbott to buy Piramal’s branded drugs business

NEW YORK/MUMBAI: Illinois-based pharmaceuticals major Abbott on Friday said it is acquiring Piramal Healthcare’s formulations business for $3.72 billion, to…

Govt eyeing $5-$11 bn funds for large projects

NEW DELHI: The Union government is considering launch of debt funds of $5 to $11 billion each to help build…

Oil falls towards $70 as euro-zone woes linger

LONDON:  Oil prices fell towards $70 a barrel on Friday, haunted by concerns that Europe’s debt crisis could hurt global…

MSMEs should not seek concessional credit: RBI

KOCHI: The Reserve Bank has instructed all banks to extend a helping hand to Micro, Small and Medium Enterprises, RBI…

Cosmopolitan Institute opens campus at Mapusa

Sensex takes 74-point hit

MUMBAI: After plunging to its three-month low in early trade, the benchmark Sensex of BSE on Friday regained three-fourths of…

Dollar to be major part of FX reserves: RBI

KOCHI: The US dollar will remain a major component of India’s foreign exchange reserves as most of the country’s overseas…

Shantaram for easy access to title documents

PANAJI: The Rajya Sabha MP, Mr Shantaram Naik has said that records of title deeds in electronic format will help…

RBI Governor sees no liquidity crunch due to 3G auction

THIRUVANANTHAPURAM: The Reserve Bank on Thursday sought to allay fears of a possible liquidity crunch arising from credit outgo to…