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Goa’s mining prowess a matter of pride: Parrikar


September 18th, 2012 - 2:13 pm ICT by IANS
Panaji, Sep 18 (IANS) Even as the shockwaves of an estimated Rs.35,000-crore illegal mining scam continue to rock Goa, Chief Minister Manohar Parrikar has claimed that the state "occupies a ... Read more...

Posted in Politics |

Cabinet releases Rs.10,091 crore for crop loan subsidies


September 6th, 2012 - 10:11 pm ICT by IANS
New Delhi, Sep 6 (IANS) To ease the burden on farmers specially in drought-hit areas, the cabinet Thursday decided to release Rs.10,901 crore to banks as interest subvention for ... Read more...

Posted in Business |

SBI cuts interest rates on NRE deposits by 0.50 percent


September 5th, 2012 - 5:54 pm ICT by IANS
New Delhi, Sep 5 (IANS) State Bank of India (SBI), the country's largest lender, said Wednesday it will cut interest rates on fixed deposits on non-resident external rupee (NRE) ... Read more...

Posted in Uncategorized |

SC orders pay review bonanza for defence officers


September 5th, 2012 - 12:23 am ICT by IANS
New Delhi, Sep 4 (IANS) In a good news for defence officers, the Supreme Court Tuesday directed the government to re-fix their pay scales in tune with the recommendations of ... Read more...

Posted in Uncategorized |

Reliance Power starts production at Sasan mines


September 3rd, 2012 - 6:15 pm ICT by IANS
Mumbai, Sep 3 (IANS) Reliance Power has begun mining coal from Sasan blocks in Madhya Pradesh six months ahead of schedule, the company said Monday. It targets raising the output ... Read more...

Posted in Business |

Panel wants 64 schools to refund excess fee


September 1st, 2012 - 7:59 pm ICT by IANS
New Delhi, Sep 1 (IANS) Sixty-four private city schools have illegally collected higher fee from students since September 2008, a committee has informed the Delhi High Court while recommending a ... Read more...

Posted in Uncategorized |

Government approves plan to promote hybrid vehicles


August 29th, 2012 - 11:25 pm ICT by IANS
New Delhi, Aug 29 (IANS) The government Wednesday approved a project for the promotion of environmentally-friendly electric and hybrid vehicles, at a total cost of Rs.23,000 crore ($4 billion) which ... Read more...

Posted in Environment |

Panel formed to protest VAT in Maharashtra


August 27th, 2012 - 10:49 pm ICT by IANS
Mumbai, Aug 27 (IANS) Harried property buyers in Maharashtra have formed an action committee to protest against the proposed collection of VAT arrears by the state government for all kinds ... Read more...

Posted in Business |

Air India to carry ads on aircraft, tickets


August 26th, 2012 - 5:41 pm ICT by IANS
New Delhi, Aug 26 (IANS) Flag carrier Air India, reeling under accumulated losses and loans of around Rs.67,520 crore ($12 billion), is planning to carry advertisements on its aircraft to ... Read more...

Posted in Business |

Maharashtra to recover VAT arrears on property deals


August 23rd, 2012 - 7:35 pm ICT by IANS
Mumbai, Aug 23 (IANS) Realtors across Maharashtra have been ordered to pay by Aug 31 the value added tax (VAT) on all new flats, shops or bungalows sold between June ... Read more...

Posted in Politics |

No cap on number of LPG cylinders to affluent


August 17th, 2012 - 9:36 pm ICT by IANS
New Delhi, Aug 17 (IANS) There will be no cap on the number of subsidised liquefied petroleum gas (LPG) cylinders provided to the affluent in the country, the government has ... Read more...

Posted in Business |

Nalco puts Indonesia smelter project on hold


August 15th, 2012 - 2:35 pm ICT by IANS
Bhubaneswar, Aug 15 (IANS) The state-run National Aluminium Company Ltd. (Nalco) Wednesday said it has put on hold its proposed alumina smelter project in Indonesia due to uncertainty over the ... Read more...

Posted in Business |

Andhra students intensify stir over cap on fee reimbursement


August 9th, 2012 - 8:44 pm ICT by IANS
Hyderabad, Aug 9 (IANS) Opposition parties and students' groups in Andhra Pradesh Thursday intensified their protest against the government's move to cap the reimbursement of tuition fee of engineering and ... Read more...

Posted in Politics |

BGR Energy cuts capex for JVs with Hitachi


August 9th, 2012 - 5:56 pm ICT by IANS
Chennai, Aug 9 (IANS) City-based BGR Energy Systems has scaled down capital expenditure for its boiler and turbine joint ventures with Hitachi by Rs.900 crore to Rs.3,500 crore to reschedule ... Read more...

Posted in Business |

SBI cuts interest rates on term deposits


August 2nd, 2012 - 5:19 pm ICT by IANS
Mumbai, Aug 2 (IANS) The country's largest lender State Bank of India (SBI) Thursday said it will reduce interest rates on domestic term deposits of five year period or ... Read more...

Posted in Business |

Essar Oil told to pay Rs.1,000 crore dues to Gujarat (Lead)


July 18th, 2012 - 12:02 am ICT by IANS
New Delhi, July 17 (IANS) The Supreme Court Tuesday directed Essar Oil to pay by July 31 Rs.1,000 crore to the Gujarat government as its dues towards value added tax ... Read more...

Posted in Business |

‘Jharkhand criminals posing as Maoists to extort money’


June 20th, 2012 - 6:41 pm ICT by IANS
Ranchi, June 20 (IANS) Criminals have been extorting money from businessmen and companies in Jharkhand posing as Maoists, a police official said Wednesday."In the past six months, some cases have ... Read more...

Posted in Business |

Small investors should not directly trade in equities: SEBI


May 19th, 2012 - 8:14 pm ICT by IANS
New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don't have adequate resources to take informed decision, chairman of the Securities ... Read more...

Posted in Business |

Kolkata airport’s new terminal operational by October


May 9th, 2012 - 11:14 pm ICT by IANS
Kolkata, May 9 (IANS) The new terminal of the Netaji Subhash Chandra Bose International Airport in Kolkata, which is being constructed under the modernization plan of the airport, is scheduled ... Read more...

Posted in Business |

Himalya International plant starts production


April 26th, 2012 - 5:38 pm ICT by IANS
New Delhi, April 26 (IANS) Himalya International Thursday said production had started at its new Rs.160-crore food processing plant at Sultanpur in Mehsana, Gujarat."The company has set up an ... Read more...

Posted in Business |

China vows to maintain low birth rate


April 11th, 2012 - 6:24 am ICT by IANS
Beijing, April 11 (IANS) China has vowed to maintain the country's low birth rate in order to limit its population to within 1.39 billion by 2015."From 2011 to 2015, the ... Read more...

Posted in Health Science |

Sale of single malt whiskies surges in Delhi


March 22nd, 2012 - 9:26 pm ICT by IANS
New Delhi, March 22 (IANS) The affluent have taken a strong liking to single malt whisky, boosting their sales at the duty free shop in Delhi's Indira Gandhi International Airport, ... Read more...

Posted in Business |

Himachal’s cement production to go up


March 22nd, 2012 - 7:56 pm ICT by IANS
Shimla, March 22 (IANS) Himachal Pradesh is annually producing more than nine million tonnes of cement and the amount will further increase with the commissioning of a new facility in ... Read more...

Posted in Business |

Jayalalitha vows to make Tamil Nadu a leader by 2023


March 22nd, 2012 - 7:48 pm ICT by IANS
Chennai, March 22 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Thursday unveiled her government's Vision 2023 that envisages GDP growth at 11 percent per annum.The document also seeks to raise ... Read more...

Posted in Politics |

Hero MotoCorp to set up manufacturing plants in Africa


March 20th, 2012 - 7:25 pm ICT by IANS
New Delhi, March 20 (IANS) Two-wheeler maker Hero MotoCorp Tuesday said it has identified growth markets in Africa to set up manufacturing and assembly plants there."We have identified some ... Read more...

Posted in Business |

Naveen Patnaik seeks revival of fertilizer plant


March 7th, 2012 - 9:11 pm ICT by IANS
Bhubaneswar, March 7 (IANS) Odisha Chief Minister Naveen Patnaik Wednesday sought revival of a closed state-run fertilizer plant in the state to meet the chronic shortage of urea in ... Read more...

Posted in Business |

Posco seeks lifting of curbs on project site entry


March 2nd, 2012 - 12:13 am ICT by IANS
Bhubaneswar, March 1 (IANS) Posco-India, a subsidiary of South Korean steel major Posco, Thursday asked Odisha to lift the restriction on entering the site of its proposed steel plant in ... Read more...

Posted in Business |

SBI reduces educational loan rates by up to 1 percent


February 27th, 2012 - 10:52 pm ICT by IANS
New Delhi, Feb 27 (IANS) India's largest lender, State Bank of India (SBI) Monday said it has reduced the interest rate on educational loans by up to one percent ... Read more...

Posted in Business |

Swabhimaanya rolls out insurance schemes for domestic help


February 20th, 2012 - 7:45 pm ICT by IANS
New Delhi, Feb 20 (IANS) In a bid to provide insurance schemes for the bottom-of-the-pyramid clientele, financial inclusion company Swabhimaanya Monday rolled out insurance cover starting with premiums as low ... Read more...

Posted in Business |

Cess on diesel vehicles regressive: Ford India


February 16th, 2012 - 9:54 pm ICT by IANS
Chennai, Feb 16 (IANS) Levying a cess on diesel car is not a right approach but the price of diesel could be hiked slightly to earn revenue, a top official ... Read more...

Posted in Business |

Reliance raises $1 billion through overseas bond issue


February 10th, 2012 - 6:56 pm ICT by IANS
Mumbai, Feb 10 (IANS) Mukesh Ambani-led Reliance Industries Friday said its subsidiary, Reliance Holding USA, has issued bonds worth $1 billion to be used as capital expenditure."We are delighted to ... Read more...

Posted in Business |

Pakistan launches first luxury train


February 4th, 2012 - 1:14 am ICT by IANS
Islamabad, Feb 3 (IANS) Pakistani Prime Minister Yousuf Raza Gilani Friday inaugurated the country's first luxury train in the eastern city of Lahore.The Business Express will run between Lahore ... Read more...

Posted in Business |

Vodafone needn’t pay tax for Hutch acquisition: Supreme Court


January 20th, 2012 - 3:30 pm ICT by IANS
New Delhi, Jan 20 (IANS) The Supreme Court Friday set aside the Bombay High Court order directing Vodafone to pay a tax of Rs.11,218 crore ($2.5 billion) for acquiring the ... Read more...

Posted in Uncategorized |

No loan granted for Amerind’s petroleum refinery: Exim Bank


January 7th, 2012 - 12:32 am ICT by IANS
Hyderabad, Jan 6 (IANS) The US Export Import Bank (Exim Bank) has only received a proposal for and not granted any loan for Amerind Petroleum Private Ltd's proposed petroleum refinery ... Read more...

Posted in Business |

EU’s emissions plans for aviation disappointing: IATA


December 21st, 2011 - 11:27 pm ICT by IANS
New Delhi, Dec 21 (IANS) The International Air Transport Association (IATA) Wednesday said it is disappointed by the decision of the Court of Justice of the European Union (CJEU) which ... Read more...

Posted in Business |

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