Use ESMA against striking truckers: Centre to states

Stepping up the heat on defiant striking truckers, the Centre has advised state governments to invoke the Essential Services Maintenance Act...

Oil sector staff too goes on strike, refineries shut down

Four major refineries were put on the shutdown mode late Tuesday after the petroleum ministry failed to dissuade the Oil Sector Officers Association...

Porsche takes over Volkswagen with more than 50 pc shares

The German luxury sportscar maker Porsche has taken over Volkswagen, the biggest European car manufacturer, after purchasing more than 50 per cent of VW shares...

Raju’s Satyam stake falls to 3.6 per cent

The position of Satyam Computer Services promotors B Ramalinga Raju and his family in the company...

Govt accuses Airtel, Vodafone, Idea of impeding competition

The government today accused the Big Three GSM mobile players - Airtel, Vodafone and Idea - of adopting tactics to stop the entry of new operators...

Don’t discriminate: Realtors to RBI

Representatives of the real estate sector today met Reserve Bank of India officials to take up the “problems” being faced by the cash-starved sector.

Board directors are liable under current law, says minister

Corporate affairs minister Prem Chand Gupta has said independent directors on a company board would have difficulty escaping liability...

Exports fall broken in Dec; 10 mn layoffs likely by March

In what may come as a much wanted relief to the Indian export sector, the first cut of trade data for December...

Tata Steel sales dip in third quarter

Tata Steel’s sales in the third quarter of financial year 2009 fell by 14 per cent.

Kochhar to get pay hike, Kamath to get less

ICICI Bank’s CEO-designate Chanda Kochhar is all set to get a Rs 36-lakh annual hike, while her predecessor K V Kamath would get a total salary of Rs 20 lakh...

Clear backlog before new projects: CII

In a representation to the government, the industry chamber Confederation of Indian Industry...

Downturn drives German tycoon to suicide

German billionaire Adolf Merckle who was hit by a train on Monday evening killed himself, unhinged by financial turmoil and struggling to salvage his business empire...