Power generator NTPC Tuesday said it has signed production sharing agreements with the government for four oil and gas blocks.

Two major unions of the Neyveli Lignite Corporation Ltd (NLC) called off their six-day strike Tuesday after hammering out a wage agreement.

Indian boiler manufacturers can compete with Chinese companies if China depegs its currency, yuan, from the dollar and let it move more freely within a basket of currencies, said a boiler manufacturer here.

A benchmark index for Indian equities Tuesday extended its morning gains and was up 109 points, helped by buy-ins in IT stocks and heavyweight Reliance Industries, as investors turned bullish with the revival of the monsoon.

On the rooftop of Africa, the development of Ethiopia's rail network is demonstrating the different working models of India and China - as both of them are scrambling to get lucrative contracts in the continent.

Central airconditioning and commercial refrigeration major, Blue Star Limited has announced the promotion of Vir S Advani as a Wholetime Director of the Company with effect from July 1, 2010. He is designated as Executive Director.

British Airways (BA) cabin crew began voting Tuesday on a new offer by the airline aimed at averting fresh strikes over the management's cost-cutting decisions.

A benchmark index for Indian equities Tuesday crawled into the green after a weak opening and was ruling 54 points higher than its previous close, about 30 minutes into trade.

Even though film shootings remained cancelled at the end of the nationwide strike called Monday by the opposition parties against the hike in fuel prices, a few channels got back to their schedules in the evening.

A brief spell of rain Monday saw many parts of the national capital getting waterlogged within minutes. The Municipal Corporation of Delhi (MCD) received 95 complaints from various parts of the city about waterlogging and trees falling.