Business

ICICI Board approves the submission, while Canara Bank has submitted an EoI to acquire United Western Bank.

Petroleum Minister Murli Deora says there will be hike in fuel prices if Indian crude basket crosses $71/bbl.

RS Sharma is the top contender for the post of CMD of ONGC. A K Hazarika, director (on shore) is the number two choice.

ITC's Choupal Fresh combines retail with wholesale in its first of 140 stores in Hyerabad.

The 30-shares sensitive index, which had gained 87.33 points on Tuesday, gathered another 41.27 points.

The RBI is working out modalities to transfer 59.7 per cent stake in SBI to the government.

The four Indian expats have made it to Singapore's richie-rich club with their rags-to-riches stories recognised by US magazine Forbes.

RIL has seen a 70% drop in diesel sales on pricing the auto fuel higher than public sector firms.

The Government is considering selling Dabhol Power Plant's LNG terminal after hiving it off from the electricity generating unit.

Tatas Tea and Tata Sons have bought US-based Glaceau Water Products jointly for $677 million.

Taking a cue from international no frill carriers, Indian low fare carriers are targeting ancillary services to shore up revenue.

ONGC Videsh Ltd along with other group partners have announced take-over of gas blocks in Myanmar offshore.

The markets opened strong and were trading at the higher level for most part of the day. Sensex closed at 11,502.62.

Currently many corporates provide for the pension and gratuity on the basis of current salaries of employees.

The stock market continued its upward momentum for the sixth straight session on Wednesday.

The Prime Minister's Economic Advisory Council on Monday projected an 'unprecedented' Economic Outlook for the year 2006-07.