business

Bharat Heavy Electricals (BHEL) has cut prices of its products by up to 5% in a move to combat stiff competition from Chinese power equipment manufacturers and have better chances of bagging orders from the private power producers. The company also has price advantage in terms of payment in rupee compared to payment in US … Read more BHEL cuts prices by up to 5% to combat Cheap Chinese Goods

Copper fell for the third consecutive day on speculation that Chinese may curb imports, helping to erode a rally that’s boosted the price more than half this year. Refined copper imports by China, the world’s largest metals consumer, may slow over the rest of this year as scrap supplies improve. Copper for three-month delivery on … Read more Copper falls on speculation that China may curb imports

Private air carrier Jet Airways has announced new special return fares between Indian cities and London effective from Wednesday, May 6, 2009 until June 30. However to avail the special fares the bookings will have to be made in May, airline officials stated. Under the new scheme the return economy ticket, normally costing over Rs … Read more Jet Airways slashes return fares to London

The Securities Exchange Board of India (SEBI) is reported to have issued show-cause notice to Mukesh Ambani led Reliance Industries (RIL) and its group entities, following an investigation into charges of insider trading in securities of group firm Reliance Petroleum (RPL). RIL had sold more than 4% equity in RPL in November 2007, prior to … Read more SEBI notice to RIL, 12 associates over RPL insider trading charges – An Eyewash

Housing Development Finance Corporation (HDFC) has postponed the plan to list its insurance business – HDFC Standard Life — from the previous schedule of end of 2009 to March 2011 due to the current market conditions, company officials stated. HDFC ventured into the life insurance sector on a joint venture basis with UK-based Standard Life. … Read more HDFC delays listing plan of insurance business