ChennaiOnline - Business News

RIL submits bid to acquire LyondellBasell

New Delhi Country's most valued firm Reliance Industries today said it has submitted a bid to acquire US petro-chemical giant LyondellBasell that has a market valuation of USD 55 billion.

GIC pays Rs 167 cr to Taj, Oberoi as terror claims

Mumbai, Nov 21 General Insurance Corporation, the designated administrator of the terror insurance pool, has released Rs 167 crore to Taj and Oberoi hotels in connection with the 26/11 terror attacks, a top GIC Re official said.

Tata Power raises FCCBs worth USD 300 million

Mumbai, Nov 21 Tata Power today said it has raised USD 300 million (Rs 1,396.5 crore) by issuing foreign currency convertible bonds (FCCBs).

RIL submits bid to acquire US petro-chemical giant

New Delhi, Nov 21 Country's most valued firm Reliance Industries today said it has submitted a bid to acquire US petro-chemical giant LyondellBasell that has a market valuation of USD 55 billion.

Police conducts mock anti-terrorist attack exercise

Bangalore, Nov 21 Police here today conducted a mock drill to check the preparedness of its forces in the event of a terror strike as this IT capital continue to face a threat of such attacks.

CBI arrests Satyam's internal audit head Gupta

New Delhi, Nov 21 The CBI today arrested Satyam's internal audit head V S Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm.

Kerala Gem and Jewellery show inaugurated

Kochi, Nov 21 The second Edition of Kerala Gem and Jewellery Show (KGJS 2009), the only 'B2B Jewellery show' in the state, was inaugurated here today.

Wheat, rice strengthens on increased offtake

New Delhi, Nov 21 Firm conditions prevailed on the wholesale grains market in the national capital today with prices of wheat, rice and other commodities rising on the back of increased offtake by stockists as well as retailers.

S C Kalia takes over as Union Bank ED

Mumbai, Nov 21 State-run Union Bank of India today announced the appointment of Subhash Chander Kalia as its Executive Director.

Gold touches another high, silver crosses 29-K level

Mumbai, Nov 21 Gold prices sky-rocketed to yet another historic peak in the bullion market here today, sparked by frantic buying spree from stockists and traders amid supportive overseas cues.

Gold zooms to a new high at Rs 17,600

New Delhi, Nov 21 Gold prices climbed to a new high to Rs 17,600 per ten gram, maintaining its record setting spree for the sixth consecutive day today.

MNS asks SEBI to provide Marathi option on its website

Mumbai, Nov 21 Maharashtra Navnirman Sena (MNS) today asked Securities and Exchange Board of India (SEBI) to provide all the information in Marathi on its newly launched website.

Govt may offload rice, wheat from reserves in 10 days

New Delhi, Nov 21 The government today said it will offload staple food grains from its reserves in the domestic market shortly to tame the surge in prices but is not "eager" to import rice to augment local supply.

India to press for reforms in WTO functioning

New Delhi, Nov 21 In the run-up to the seventh WTO Ministerial Meeting in Geneva beginning November 30, India has proposed urgent reforms in the functioning of the multilateral trade body.

Canada introduces express business visas for Indians

Bal Krishna