Major Business News

India approves 18 special economic zone proposals
India on Monday approved 18 special economic zones including by group firms of Bharat Forge and JSW Steel, the federal commerce ministry said.

RIL begins KG-D6 block production: Experts react
This production from the KG-D6 block will start with an initial flow rate of 5,000 barrels per day, going up to 5, 50,000 barrels of oil equivalent. This would happen by March 2010.

Trinamool gives 7-day ultimatum, threatens fresh stir
Trinamool Congress on Sunday served a week's ultimatum to West Bengal government to accept its demands for returning land of "unwilling" farmers at Tata Motors' car plant site at Singur or face fresh agitation.

Dolphin Offshore bags USD 16 mn contracts
Dolphin Offshore Enterprises today said it has bagged two orders totaling USD 16 million (Rs 72.65 crore) for chartering of vessels.

EU reopens WTO complaint against India over drink duties
The European Union on Monday said it was reopening a challenge at the WTO against India over import duties imposed by New Delhi on alcoholic drinks, lifting an earlier suspension of the complaint.

'Biocon is world's 7th biggest BT company'
Biocon Ltd has been ranked as the seventh largest employer amongst the top global biotechnology companies by global BT magazine Med Ad News.