India Business

Adani's Mundra SEZ project gets SC clearance

The Supreme Court has withdrawn the stay on the Mundra SEZ project in Gujarat, thereby giving a green signal to the Adani Group to proceed with its construction work, despite the plea of the petiti

IT sector grows 28% in 2007-08: Nasscom

According to a survey conducted by Nasscom, the IT sector witnessed 28% growth in the year 2007-08.

SC shows green flag to Tata Power to supply power to retail consumers

It was a moment of joy and glory when Tata Power Company (TPC) was given a green flag by the Supreme Court (SC) to supply power to consumers having an average consumption of less than 1000 KVA in M

Bankers express concerns to RBI regarding rise in bad loans and prospective margins

The banks these days are facing a tough time. The competitive business environment has been affecting the performance of the top banks across the nation.

India's Reliance Communications and MTN extend merger talks

New Delhi - India's Reliance Communications and South Africa's largest mobile phone network operator MTN on Wednesday said they were extending exclusive talks until July 21 to discuss a potential combination of their businesses.

MTN and Reliance Communications, India's second largest telecom company, started talks on May 26, that could create a 70-billion-dollar global wireless group with more than 115 million subscribers operating in about two dozen countries.

The 45-day deadline to work out details of a merger ended on July 8.

"RCOM and MTN have agreed to continue their negotiations in relation to such potential business combination, and have extended the period of exclusivity until 21st July

Pepsi ends its association with Sachin Tendulkar

Pepsi ends its association with Sachin TendulkarSachin Tendulk

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