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Public distribution quota of wheat, rice increased


January 21st, 2010 - 7:20 pm ICT by IANS
New Delhi, Jan 21 (IANS) The government Thursday hiked the monthly allocation of wheat and rice through the public distribution system to help ease prices of these essential food grain. "An ad-hoc allocation ... Read more...

Posted in Business |

Food price-rise a matter of concern: Mukherjee


January 20th, 2010 - 3:49 pm ICT by IANS
New Delhi, Jan 20 (IANS) Finance Minister Pranab Mukherjee Wednesday said high inflation was a matter of concern and the government was monitoring the price situation. "We have already liberalised imports to ... Read more...

Posted in Business |

Deora meets PM on fuel prices, no decision taken


January 13th, 2010 - 10:50 pm ICT by IANS
New Delhi, Jan 13 (IANS) Petroleum Minister Murli Deora met Prime Minister Manmohan Singh Wednesay evening to discuss raising prices of petroleum products, but no decision was taken. Deora is now scheduled ... Read more...

Posted in Business |

India approves new policy to promote biofuels


December 24th, 2009 - 8:33 pm ICT by IANS
New Delhi, Dec 24 (IANS) In a bid to promote cost-effective clean energy sources, India Thursday approved a new policy that calls for blending at least 20 percent biofuels in diesel ... Read more...

Posted in Business |

Adani Power to sell 1,200 MW to Maharashtra


December 23rd, 2009 - 5:06 pm ICT by IANS
Mumbai, Dec 23 (IANS) Electricity generation company Adani Power Wednesday said it has won a long-term contract to supply 1,200 MW to state-run Maharashtra State Electricity Distribution Co. "This is one more achievement ... Read more...

Posted in Business |

Business leaders, green activists to meet at Seoul


December 7th, 2009 - 8:41 pm ICT by IANS
New Delhi, Dec 7 (IANS) People from across different sectors will meet at the annual Business for Environment Global Summit (B4E) in Seoul next year to discuss the strategy for advancing a ... Read more...

Posted in Business |

$1-bn World Bank loan sought for urban development


December 4th, 2009 - 6:02 pm ICT by IANS
New Delhi, Dec 4 (IANS) India has approached the World Bank for a $1-billion loan to fund urban development projects, Minister of State for Urban Development Saugata Roy told the Lok Sabha ... Read more...

Posted in Business |

India to grow at 8 percent next fiscal: Goldman Sachs


December 4th, 2009 - 3:40 pm ICT by IANS
New Delhi, Dec 4 (IANS) Investment banker Goldman Sachs Friday said India would post a growth of over 8 percent in 2010-11 and 8.7 percent the following fiscal, thanks to strong domestic ... Read more...

Posted in Business |

Jaypee launches residential project


December 3rd, 2009 - 6:34 pm ICT by IANS
New Delhi, Dec 3 (IANS) Jaypee Greens, a division of diversified infrastructure and industrial group Jaiprakash Associates, Thursday announced the launch of a residential project at the Jaypee Greens Sports City in ... Read more...

Posted in Business |

India got $88 bn foreign investment since 2004


December 2nd, 2009 - 6:13 pm ICT by IANS
New Delhi, Dec 2 (IANS) India received $88.43 billion (Rs.391,477 crore) as foreign direct investment (FDI) from April 2004 to September this year, Minister of State for Commerce and Industry Jyotiraditya M. ... Read more...

Posted in Business |

Lithuania to open embassy in Delhi, consulate in Mumbai


November 30th, 2009 - 8:51 pm ICT by IANS
New Delhi, Nov 30 (IANS) Lithuania Tuesday said it will open an embassy here in three months to strengthen its economic and cultural ties with India. It will also open a consulate in ... Read more...

Posted in Business |

Wipro to hire more locals in US for Atlanta operations


November 23rd, 2009 - 8:59 pm ICT by IANS
Bangalore, Nov 23 (IANS) Global software major Wipro Technologies is expanding its US operations and will hire about 1,000 people, including more locals, at its Atlanta development facility, the IT bellwether said ... Read more...

Posted in Business |

Lowest Jet Airways fare now available via SMS


November 11th, 2009 - 7:39 pm ICT by IANS
New Delhi, Nov 11 (IANS) Private carrier Jet Airways Wednesday launched a service to enable passengers learn of the lowest prevailing fares on its network from mobile phones on any given day ... Read more...

Posted in Business |

Developed world responsible for climate change: Mukherjee


November 10th, 2009 - 6:28 pm ICT by IANS
New Delhi, Nov 10 (IANS) Finance Minister Pranab Mukherjee Tuesday said India had differences with developed countries over funding to tackle climate change, but left it to the UN Framework Convention ... Read more...

Posted in Business |

India most important future market for PepsiCo, says Nooyi


November 10th, 2009 - 4:43 pm ICT by IANS
New Delhi, Nov 10 (IANS) PepsiCo will hold its global board meeting in India this year as it sees the country as its "most important future market", according to company chairman ... Read more...

Posted in Business |

Indian students’ welfare to be discussed with Australian premier


November 9th, 2009 - 7:03 pm ICT by IANS
New Delhi, Nov 9 (IANS) India will discuss the attacks on its students in Australia when its Prime Minister Kevin Rudd visits later this week, Minister of State for External Affairs ... Read more...

Posted in World |

No change in India’s foreign investment policy in retail


November 8th, 2009 - 4:58 pm ICT by IANS
New Delhi, Nov 8 (IANS) There will be no change in the government's policy of a ban on foreign direct investment in multi-brand retail industry, Commerce Minister Anand Sharma said here ... Read more...

Posted in Business |

Tata Power, Norwegian firm sign pact on hydropower projects


October 30th, 2009 - 4:11 pm ICT by IANS
New Delhi, Oct 30 (IANS) Tata Power Friday said it has signed an agreement with Norwegian renewable energy company SN Power to jointly develop hydropower projects in India and Nepal. This is ... Read more...

Posted in Business |

Bharat Heavy Electricals net profit up 39 percent


October 23rd, 2009 - 6:50 pm ICT by IANS
Mumbai, Oct 23 (IANS) State-run heavy electrical equipment maker Bharat Heavy Electricals Ltd (BHEL) has posted a 39 percent increase in net profit for the quarter ended Sep 30 at Rs.858 crore, ... Read more...

Posted in Business |

UNESCO team to evaluate Matheran railway


October 22nd, 2009 - 7:09 pm ICT by IANS
New Delhi, Oct 22 (IANS) A team from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) will visit India this month to evaluate the Matheran Light Railway for its possible inclusion ... Read more...

Posted in Business |

Consumer goods market to double by 2012: Assocham


October 22nd, 2009 - 6:24 pm ICT by IANS
New Delhi, Oct 22 (IANS) Driven by growing consumption in rural and semi-urban areas, the fast moving consumer goods (FMCG) market is set to double from $14.7 billion in 2008-09 to $30 ... Read more...

Posted in Business |

Uttar Pradesh announces Rs.10 lakh for train mishap victims


October 21st, 2009 - 3:12 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Uttar Pradesh government will give compensation of Rs.10 lakh and a job to the families of those killed in the train accident in Mathura early ... Read more...

Posted in Uncategorized |

MindTree is Asia’s most admired knowledge enterprise


October 19th, 2009 - 8:49 pm ICT by IANS
Bangalore, Oct 19 (IANS) IT solutions provider MindTree, set up by first-generation Indian entrepreneurs in this tech hub, has been declared Asia's "most admired knowledge enterprise" (MAKE) for the second consecutive year, ... Read more...

Posted in Business |

New Assocham chief calls for rate cuts by 50 basis points


October 13th, 2009 - 6:29 pm ICT by IANS
New Delhi, Oct 13 (IANS) The government must reduce repo and reverse repo rates by 50 basis points to enable industry avail of loans at reasonable rates, says Swati Piramal, the newly-elected ... Read more...

Posted in Business |

India’s black tiger shrimp to get image makeover in US


October 5th, 2009 - 6:11 pm ICT by IANS
New Delhi, Oct 5 (IANS) The premium Indian black tiger shrimp has found a new agency to promote it in the US, among the largest markets for marine food products, including a ... Read more...

Posted in Business |

Inflation rate up, now at 0.83 percent


October 1st, 2009 - 2:09 pm ICT by IANS
New Delhi, Oct 1 (IANS) India's annual rate of inflation crawled up marginally to 0.83 percent for the week ended Sep 19 from 0.37 percent the week before, according to official data ... Read more...

Posted in Business |

Red Fort picks up another 4 percent in Parsvnath project


October 1st, 2009 - 1:54 pm ICT by IANS
New Delhi, Oct 1 (IANS) Realty major Parsvnath Developers has sold an additional four percent stake in a luxury residential project in Delhi to private equity fund Red Fort Capital for Rs.25 ... Read more...

Posted in Business |

Inflation rate inches upwards to 0.37 percent


September 24th, 2009 - 2:07 pm ICT by IANS
New Delhi, Sep 24 (IANS) India's annual rate of inflation crawled up marginally by 0.37 percent for the week ended Sep 12, a rise from 0.12 percent the week before, according to ... Read more...

Posted in Business |

Yamaha launches superbike for Rs.20 lakh


September 16th, 2009 - 4:08 pm ICT by IANS
New Delhi, Sep 16 (IANS) Two-wheeler manufacturer Yamaha India Wednesday rolled out a super bike, V Max, priced at Rs.20 lakh. The company also launched a limited edition of the Fazer and SZ ... Read more...

Posted in Business |

Realty firm HDIL to pay tax on extra income


September 14th, 2009 - 3:40 pm ICT by IANS
Mumbai, Sep 14 (IANS) Realty firm Housing Development and Infrastructure Ltd (HDIL) Monday denied having evaded taxes but said it would pay tax on additional income of Rs.350 crore following raids by ... Read more...

Posted in Business |

Suven Life gets two more US patents


September 14th, 2009 - 3:13 pm ICT by IANS
Mumbai, Sep 14 (IANS) Hyderabad-based pharma company Suven Life Sciences Monday announced it has received patents for two new chemical entities (NCEs) from the US Patent office. The two NCEs are for the ... Read more...

Posted in Business |

Entertainment World to invest Rs.2,000 cr to develop 20 malls


September 9th, 2009 - 8:39 pm ICT by IANS
Mumbai, Sep 9 (IANS) Realty firm Entertainment World Developers will invest Rs.2,000 crore for setting up 20 malls across India under its rent-free revenue sharing concept for emerging brands. "We will invest ... Read more...

Posted in Business |

Jet seeks regulator’s intervention [To go with 'Chaos at airports ... (Lead)]


September 8th, 2009 - 3:59 pm ICT by IANS
Mumbai/New Delhi, Sep 8 (IANS) The Jet Airways Tuesday sought the intervention of the aviation regulator, the Directorate General of Civil Aviation (DGCA), after more than 300 pilots of the carrier reported ... Read more...

Posted in Business |

Railways to start two Duronto trains before Durga Puja


September 7th, 2009 - 7:59 pm ICT by IANS
New Delhi, Sep 7 (IANS) Railway Minister Mamata Banerjee will flag off two non-stop Duronto Sewa trains before the Durga Puja festival begins Sep 25. "Indian Railways will be starting at least ... Read more...

Posted in Business |

Rice prices zoom 13 percent, says Assocham


September 4th, 2009 - 6:35 pm ICT by IANS
New Delhi, Sep 4(IANS) Wholesale prices of rice rose more than 13 percent in the past one year due to a demand-supply mismatch, says the Associated Chambers of Commerce and Industry (Assocham). ... Read more...

Posted in Business |

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