Category archives for: Business/Economy

AkzoNobel plans to increase paint price

AkzoNobel plans to increase paint price

Kolkata, May 7 (IANS) Decorative paints company AkzoNobel plans to raise the prices of its products by two to three percent by this month-end to meet increased input costs, a top company official said here Friday.

'I see a price hike by the end of this month. There has been a

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US adds 290,000 jobs, but unemployment rises

US adds 290,000 jobs, but unemployment rises

Washington, May 7 (IANS) The US economy added an unexpectedly strong 290,000 jobs in April, its best gain in four years, in another sign of recovery after the worst recession in decades, though unemployment rose to 9.9 percent.

Up from a revised 230,000 jobs added in March, it was the largest

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UAE to subsidize fuel for fishermen

UAE to subsidize fuel for fishermen

Dubai, May 7 (IANS/WAM) The United Arab Emirates (UAE) will give subsidized fuel to its fishermen.

The measure will be implemented by the environment ministry in collaboration with Sheikh Mohammed bin Rashid Al Maktoum Foundation for Humanitarian and Charitable Works and Dubai Islamic Bank.

The move comes as part of the ministry's

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Air Arabia posts $15 mn first quarter profit

Air Arabia posts $15 mn first quarter profit

Sharjah, May 7 (IANS/WAM) Air Arabia (PJSC) has posted a net profit of 50 million UAE dirhams (about $15 million) in the first three months of this year.

However, the figure represented a 51-percent decline in profit compared to 103 million dirhams in the corresponding period in 2009.

Air Arabia is the

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Apollo, Cisco tie up for cost-effective telemedicine

Apollo, Cisco tie up for cost-effective telemedicine

New Delhi, May 7 (IANS) Leading private healthcare provider Apollo Hospitals has allied with networking company Cisco to provide cost-effective telemedicine solutions to patients in remote areas.

'The latest technology provided by Cisco makes the work of a doctor more convenient. Earlier, the doctor would go in search of a

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Government clears first phase of Maheshwar project

Government clears first phase of Maheshwar project

Bhopal, May 7 (IANS) The central government Friday gave clearance for the first phase of Madhya Pradesh's Maheshwar hydro electric project that is coming up on the Narmada river, an official said.

The approval was granted following a meeting Wednesday between Principal Secretary to the prime minister T.K.A. Nayar and Madhya

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Tamil Nadu will not have power cuts by 2011-12: Minister

Tamil Nadu will not have power cuts by 2011-12: Minister

Chennai, May 7 (IANS) The Tamil Nadu government Friday said the state will not have any power cuts by the year 2011-12 as some of the power projects will go on stream.

Law Minister Durai Murugan said there was a shortfall of 3,000 MW as the state's total power need was

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Revenue from 3G auction reaches Rs.48,677.47 crore

Revenue from 3G auction reaches Rs.48,677.47 crore

New Delhi, May 7 (IANS) India Friday concluded 137 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the government's provisional revenue from the sale of airwaves reaching Rs.48,677.47 crore ($10.7 billion) and nationwide licence price crossing Rs.12,000 crore ($2.6 billion) mark.

At

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Tinplate rules out merger with Tata Steel

Tinplate rules out merger with Tata Steel

Kolkata, May 7 (IANS) City-based metal packaging company Tinplate Friday ruled out a merger with Tata Steel anytime soon.

'Any merger or takeover is not something being discussed right now,' managing director Tarun Daga said here at a press conference after announcing the quarterly financial results of the company.

Former managing director

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Uttar Pradesh government issued notice in rural jobs scam

Uttar Pradesh government issued notice in rural jobs scam

Lucknow, May 7 (IANS) The Lucknow bench of Allahabad High Court Friday issued notice to the Uttar Pradesh government in connection with alleged large-scale bungling in the execution of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) in the state.

A division bench of Justice Pradeep Kant and Justice Rituraj

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