Business News

26/11 terror attack: GIC pays Rs 167 crore to Taj, Trident
Indian Hotels (which runs the Taj Mahal hotel) and EIH Ltd (which operates Oberoi Trident) have so far got Rs 167 crore as insurance claim from General Insurance Corporation (GIC Re) on account of the 26/11 terror attacks in Mumbai.
Satyam's internal auditor arrested
The Central Bureau of Investigation (CBI) today arrested the internal auditor of former Satyam Computer Services Limited V S Prabhakar Rao.
ICICI Bank raises $750 mn abroad
ICICI Bank has mopped up US$ 750 million through a five-year bond issue.
RIL offers to buy world's 3rd largest chem co
In a big bang acquisition move, Reliance Industries Ltd, India's most valuable company, has made a preliminary cash offer to buy a controlling stake in LyondellBasell Industries once the petrochemicals and fuels company emerges from bankruptcy.
Five criminal cases filed in Orissa over illegal mining
Bhubaneswar, Nov 21 (IANS) Orissa's vigilance department has filed five criminal cases against firms and people allegedly involved in illegal mining in the state, an official said Saturday.
Manmohan arrives in Geneva on way to US
Geneva, Nov 21 (IANS) Prime Minister Manmohan Singh Saturday arrived here on his way to Washington as the first state guest of US President Barack Obama.
UAE satellite company expands network
Abu Dhabi, Nov 21 (IANS) Thuraya Telecommunications, the United Arab Emirates based satellite operator has expanded its distribution chain in Europe, WAM news agency reported Saturday.
We were not given a hearing: Reddy's mining firm
Bangalore, Nov 21 (IANS) Obulapuram Mining Company (OMC), owned by rebel Karnataka Tourism Minister G. Janaradhan Reddy, Saturday said it was not given an opportunity to present its version by the Supreme Court's Central Empowered Committee (CEC), which recommended the controversial firm be asked stop illegal mining in Andhra Pradesh.
Metro train stalls again, commuters stuck
New Delhi, Nov 21 (IANS) Delhi Metro's Dwarka to Noida line went haywire Saturday morning till noon. Hundreds of passengers where stuck when power supply failed. Consequently after long delays many commuters waiting on platforms took a refund on their tickets and opted for other means of transport.
Haryana seeks central intervention in river projects
Chandigarh, Nov 21 (IANS) Haryana Saturday sought the intervention of the central government in river projects and urged Union Water Resource Minister Pawan Kumar Bansal to take up the issue.