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Latest News Articles from Business



MGNREGA: The road ahead (Feb 4)
The UPA Government's Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) completed six years of its implementation this week. The flagship programme that aims at enhancing the livelihood security of people in rural areas has, time and again, attracted criticism for the lapses in its execution, undermining the success stories it has scripted.


Big-wigs from the hotel industry attend Hi-Aim 2012 curtain raiser (Feb 2)
Hi-Aim 2012, India's first Hospitality Summit is scheduled for 22nd and 23rd March at Le Meridien. A big function was held at the same venue last night, as bigwigs of the industry discussed about the summit, which would focus on professionals, architecture, designers, etc.


36 days after inauguration, Ambani memorial opens to public tommorrow (Feb 2)
The Dhirubhai Ambani memorial, instituted in the name of the founder and ex-chairman of Reliance Industries Limited (RIL) Dhirubhai Ambani, will be available for public viewing from tomorrow afternoon.


Excellence enhancement centre to increase cycle efficiency (Feb 2)
To address the major challenges in power sector, the ministry of power is going all guns and in a latest development, excellence enhancement centre was launched today to achieve the higher cycle efficiency.


What a status update, Facebook to become an MNC (Feb 2)
Facebook too has updated its status by going public in a stock offering with an anticipated value of $100 billion.


Toyota registers a record 89% growth as its cars sell like hot cakes (Feb 1)
The beginning of the year has witnessed an all round growth of Toyota brand with a strong growth of 89%.


Mild increase in coal prices not a worry for thermal power companies (Feb 1)
The power companies in thermal power generation business may not be affected much after a mild increase in E & F grade coal.


Dharamshila hospital starts OPD facility for cancer patients in Bihar (Feb 1)
Bihar has recorded an alarming rise in the incidence of cancer with an estimated 200,000 people suffering from this killer disease. To prevent the further outbreak of fatal disease and treat such patients, Dharamshila Hospital And Research Centre will start its cancer OPD in Bihar at Ford Hospital and Research Centre.


Coal shortage hits thermal generation in 7 plants (Feb 1)
Thermal generation has been hit with nil coal stock at number of plants. As per a report by the Central Electricity Authority coal stock was zero on Sunday at the 630 MW Bokaro TPS, 2340 MW Kahalgoan TPS, Chhabra TPS Durgapur TPS, Kota TPS and the Bendal TPS power stations. The coal rakes meant for Kota are being diverted to Chhabra.


RIL's use of significant cash balances to determine its future: S&P (Jan 30)
RIL's business strategy, particularly the use of its significant cash balances, would be a key determinant of any future rating action on the company', S&P, a US-based financial service company has said in a statement. It has even remarked that long term corporate rating on Mukesh Ambani-led industry has remained unaffected despite its plans to buy back its equity shares.