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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News
Indian Maharajah's Rolls-Royce up for sale at 850,000 pounds
Wednesday - Apr 13, 2011, 11:12am
A Rolls-Royce with gull-wing doors owned by an Indian Maharajah has gone on sale for a hopping 850,000 pounds, a media report said Tuesday.
Households expect inflation to rise further: RBI survey
Tuesday - Apr 12, 2011, 05:09pm
Urban households in India don't expect any immediate respite from price rise and a majority of them feel it would accelerate further in the coming quarters, a survey conducted by the Reserve Bank of India (RBI) has revealed.
Oberoi Group opens hotel in Gurgaon
Tuesday - Apr 12, 2011, 05:06pm
The Oberoi group will pursue expansion plans, officials of the hotel chain said Tuesday, while opening a luxury hotel in Gurgaon in Haryana.
GMR Infrastructure divests stake to Chinese company
Tuesday - Apr 12, 2011, 05:01pm
GMR Infrastructure Tuesday said it had completed the divestment of 50 percent stake in power generation firm InterGen to China's Huaneng Group for over $1.2 billion.
Google puts $ 168 million in solar project in California
Tuesday - Apr 12, 2011, 04:42pm
Popular Internet engine Google has invested $ 168 million to help complete the construction of one of the world’s biggest solar energy power plants in the state’s Mojave Desert.
Evolva plans to acquire its R&D partner Abunda Nutrition
Tuesday - Apr 12, 2011, 03:10pm
Evolva plans to acquire its R&D partner Abunda Nutrition, Inc.  Evolva and San Francisco-based Abunda have collaborated on the development of Abunda’s next-generation nutritional ingredients since 2009.  One part of this collaboration has focused on advancing highly purified forms of the natural high intensity sweetener Stevia, produced via fermentation in yeast.  This process bypasses the complex logistics associated with the traditional cultivation, processing and refining of Stevia plants, and allows pure Stevia components to be produced.
Himachal temples to melt holy gold
Tuesday - Apr 12, 2011, 02:13pm
Like the Naina Devi and Chamunda Devi shrines, many Himachal Pradesh temples are flush with gold worth crores of rupees. And some of it could soon be yours for a price.
Indian-American pleads guilty to hiding Indian bank accounts
Tuesday - Apr 12, 2011, 02:10pm
 An Indian-American businessman has pleaded guilty to conspiring with five HSBC bankers to keep his Indian accounts "below the radar" to evade taxes in the United States.

Indian-owned mobile music company bought by Google
Tuesday - Apr 12, 2011, 02:08pm
After offering $900 million last week to buy about 6,000 patents of the fallen Canadian telecom giant Nortel, Google has now snapped up an Indian-owned mobile music company here that develops apps for non-Apple mobile phones to play, organize, share and buy music easily.
China is world's third most popular tourist destination
Tuesday - Apr 12, 2011, 02:07pm
Do you know the land of the Great Wall is more popular tourist destination than the Alps of Switzerland? The UN has recently ranked China as the world's third most popular tourist destination.

  » Pakistan to sell 200,000 tonnes of wheat
  » Cuba expects to sell four million cases of rum in 2011
  » Manifestos focus on economic issues in West Bengal
  » Swedish industrialist discusses trade ties with UAE minister
  » B Muthuraman takes over as new CII president, Adi Godrej elected CII president designate
  » BSNL launches value-added video services
  » Willing to talk to different sections in Kashmir: BJP
  » IPO guidelines for insurance firms by month-end: IRDA chief
  » Bikinis back in Goa tourism campaigns
  » Sibal bats for spectrum audit, change in merger rules
  » Emerging economies leading global recovery: IMF
  » India set to grow at 8.25 percent in 2011: IMF
  » Bharti Airtel to launch iPhone 4 in the India
  » BMW maintains momentum as leading luxury car manufacturer in India
  » Spectrum audit, merger reforms in new telecom policy
  » Sensex ends 208 points down
  » Rajasthan to promote rural tourism at travel expo
  » Punj Lloyd’s subsidiary to buy stake in Indonesian coal mine
  » BMW India launches new dealership facility in Surat
  » InterfaceFLOR presents “The positive floor”at Milan’s La Triennale
  » Residency Projects & Infratech Limited appoints C K Vasudevan as Managing Director
  » Muthuraman elected new CII president
  » Max New York Life is Pune Warriors India's official team partner
  » BlackBerry chief hits out at critics
  » Sensex down 75 points, broader markets flat

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