Indian industry should create 100 million jobs: Plan panel
January 20th, 2011 - 11:10 pm ICT by IANS
Bangalore, Jan 20 (IANS) As the backbone of the Indian Industry, the manufacturing sector should create about 100 million jobs over the next 15 years to sustain a high growth rate, Planning ... Read more...
Posted in Business |
‘Lot of acquisition’ for Fortis in 2011
January 10th, 2011 - 2:06 pm ICT by IANS
Kolkata, Jan 10 (IANS) Fortis Group's overseas arm Fortis Global Healthcare will focus on Asia, Australia and the Middle East as it eyes "a lot of acquisition" this year, its promoter Malvinder ... Read more...
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Karnataka ties up for 1,000 MW power from NTPC, Neyveli
January 4th, 2011 - 10:43 pm ICT by IANS
Bangalore, Jan 4 (IANS) Energy deficit Karnataka Tuesday signed three power purchase agreements (PPAs) with state-run National Thermal Power Corporation (NTPC) and Tamil Nadu-based Neyveli Lignite Corporation (NLC) for 1,000 MW to ... Read more...
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GDP growth rate satisfactory: Pranab
December 25th, 2010 - 5:30 pm ICT by IANS
Haldia, Dec 25 (IANS) Finance Minister Pranab Mukherjee Saturday said he would be satisfied with 8.5-8.7 percent GDP growth this year but would target a growth of 9 percent next year."We ... Read more...
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Havells invests Rs.1.2 bn for expansion
December 8th, 2010 - 3:48 pm ICT by IANS
New Delhi, Dec 8 (IANS) Electrical and power equipment major Havells India Wednesday said it has doubled its cable and wire manufacturing capability at an investment of Rs.120 crore (Rs.1.2 billion).The company, ... Read more...
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Reliance Power signs $750 mn deal with General Electric
November 6th, 2010 - 10:21 pm ICT by IANS
Mumbai, Nov 6 (IANS) Anil Dhirubhai Ambani Group (ADAG) firm Reliance Power Saturday signed a $750 million (Rs.3,500 crore) deal with US engineering major General Electric (GE) to procure turbines for ... Read more...
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Birla Corporation posts Rs.68.97 crore Q2 net profit
October 26th, 2010 - 8:01 pm ICT by IANS
Kolkata, Oct 26 (IANS) Birla Corporation Limited, the flagship company of the M.P. Birla Group, posted profit (after tax) of Rs.68.97 crore in the second quarter of financial year 2010-11, against Rs.152.05 ... Read more...
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SMEs business confidence index to be bullish in Q3
October 24th, 2010 - 5:32 pm ICT by IANS
New Delhi, Oct 24 (IANS) The business confidence index (BCI) of small and medium enterprises will move up in the third quarter of this fiscal, a survey by the Confederation of Indian ... Read more...
Posted in Business |
India Inc’s business confidence for falls: Survey
October 17th, 2010 - 3:32 pm ICT by IANS
New Delhi, Oct 17 (IANS) The business confidence of India Inc. for the October-December quarter has fallen on concerns such as inflation and high interest rates, says a survey.The survey ... Read more...
Posted in Business |
Court orders closure of Sterlite’s copper smelter plant (Lead)
September 29th, 2010 - 12:45 am ICT by IANS
Chennai, Sep 28 (IANS) In another setback for the Vedanta group, the Madras High Court Tuesday ordered the immediate closure of the Tuticorin-based copper smelter plant of its Sterlite Industries India ... Read more...
Posted in Environment |
Court orders closure of Sterlite’s copper smelter plant
September 28th, 2010 - 10:32 pm ICT by IANS
Chennai, Sep 28 (IANS) The Madras High Court Tuesday ordered immediate closure of the Tuticorin-based copper smelter plant of Sterlite Industries India Ltd - a part of the Vedanta Resources group - ... Read more...
Posted in Business |
Two wheeler industry to grow at 19.4 percent in FY10-11: CARE
September 15th, 2010 - 8:51 pm ICT by IANS
Mumbai, Sep 15 (IANS) Ratings company Credit Analysis and Research (CARE) Wednesday said the two wheeler industry is expected to grow at 19.4 percent this fiscal.
"Longer term outlook is also expected to ... Read more...
Posted in Business |
India to draw 7-year strategic plan for tea industry
September 15th, 2010 - 3:12 pm ICT by IANS
By Fakir Balaji
Coonoor (Tamil Nadu), Sep 15 (IANS) India is working on a strategic plan for an ambitious growth of its tea industry over the next seven years."The government has directed us ... Read more...
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TVS Motor to invest Rs.400 crore to double capacity
September 8th, 2010 - 8:02 pm ICT by IANS
Chennai, Sep 8 (IANS) Two wheeler maker TVS Motor Company is mulling to invest around Rs.400 crore over the next two years to double its annual production capacity to four million units, ... Read more...
Posted in Business |
Maruti to pump in Rs.1,925 crore for new plant at Manesar
September 7th, 2010 - 9:31 pm ICT by IANS
New Delhi, Sep 7 (IANS) Car market leader Maruti Suzuki Tuesday said it is planning to invest Rs.1,925 crore to set up a new plant in Manesar, Haryana, to expand its annual ... Read more...
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TVS to invest Rs.200 crore for capacity expansion
August 26th, 2010 - 3:47 pm ICT by IANS
New Delhi, Aug 26 (IANS) Two and three-wheeler maker TVS Motors Thursday said it will invest Rs.200 crore by April next year to increase production to meet rising demand.
"we are increasing ... Read more...
Posted in Business |
Hyundai Motor India mulls expansion, launch new models
August 4th, 2010 - 8:20 pm ICT by IANS
Chennai, Aug 4 (IANS) Hyundai Motor India is mulling marginal expansion in capacity and launching new models to maintain its share of around 20 percent in the growing Indian passenger car market, ... Read more...
Posted in Business |
Birla Corp Q1 net profit down at Rs.118.28 crore
July 21st, 2010 - 8:58 pm ICT by IANS
Kolkata, July 21 (IANS) The M.P. Birla Group flagship company Birla Corporation has clocked a profit after tax of Rs.118.28 crore in the first quarter of the 2010-11 financial year.
It is a ... Read more...
Posted in Business |
T-3 Terminal exemplifies India’s resolve to bridge infrastructure deficit: Manmohan Singh
July 3rd, 2010 - 6:15 pm ICT by ANI
New Delhi, July 3 (ANI): The Prime Minister Dr Manmohan Singh, on Saturday said the success of the integrated T-3 Terminal of the Indira Gandhi International Airport proves the success of ... Read more...
Posted in National |
MTR Foods to go national; double revenue by 2012
June 22nd, 2010 - 6:38 pm ICT by IANS
Bangalore, June 22 (IANS) City-based processed food manufacturer MTR Foods has drawn up an ambitious plan to go national and double its revenue to Rs.500 crore by 2012, a top company official ... Read more...
Posted in Business |
Cabinet approves financial restructuring of BBUNL
June 10th, 2010 - 5:28 pm ICT by IANS
New Delhi, June 10 (IANS) The government Thursday said it is transferring the sick units of Bharat Bhari Udyog Nigam Ltd (BBUNL) to the the Railways and the Steel Authority of India ... Read more...
Posted in Business |
TVS Motor logs 28 percent sales growth
May 1st, 2010 - 7:39 pm ICT by IANS
Chennai, May 1 (IANS) Two wheeler maker TVS Motor Co started the 2010-11 fiscal on a positive note logging 28 percent sales growth in April.
The company sold 144,689 units as against 113,119 ... Read more...
Posted in Business |
TVS Motor to invest Rs.150 cr on capacity building
April 21st, 2010 - 7:48 pm ICT by IANS
Chennai, April 21 (IANS) Two-wheeler major TVS Motor Company is planning to invest around Rs.150 crore this fiscal towards capacity expansion and research and development, and another Rs.40 crore in a non-conventional ... Read more...
Posted in Business |
Sibal advocates public-private partnerships in education
March 23rd, 2010 - 11:11 pm ICT by IANS
New Delhi, March 23 (IANS) From outsourcing infrastructure development of educational institutions to adopting the "no work no pay" principle in government institutes, Human Resource Development Minister Kapil Sibal Tuesday called for ... Read more...
Posted in Business |
India will become 2nd largest steel maker by 2012: Virbhadra Singh (Interview)
February 10th, 2010 - 1:40 pm ICT by IANS
By Arvind Padmanabhan
New Delhi, Feb 10 (IANS) India will become the world's second largest steel producer by 2012, more than doubling its capacity of 57 million tonnes as part of push being ... Read more...
Posted in Business |
GIL to set up power plant in West Bengal
January 28th, 2010 - 9:44 pm ICT by IANS
Kolkata, Jan 28 (IANS) Kolkata-based graphite electrodes manufacturing major Graphite India Ltd (GIL) will set up a 50 MW coal-based power plant in West Bengal's Durgapur city, a company official said here ... Read more...
Posted in Business |
‘Bokaro plant will be India’s largest steel producer by 2012′
January 28th, 2010 - 9:06 pm ICT by IANS
Bokaro, Jan 28 (IANS) Union Steel Minister Virbhadra Singh Thursday said the Bokaro Steel Plant would become the largest steel producer of the country by 2011-12 after the completion of its expansion ... Read more...
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Phillips Carbon Black mulls rights issue to raise equity
January 21st, 2010 - 6:46 pm ICT by IANS
Kolkata, Jan 21 (IANS) City-based Phillips Carbon Black Ltd (PCBL) plans to raise equity within the next three months either through a rights issue or Qualified Institutional Placement, the company's chairman Sanjeev ... Read more...
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Surya’s Gwalior unit to start production from April
January 14th, 2010 - 6:41 pm ICT by IANS
Shimla, Jan 14 (IANS) The new facility of Surya Roshni, a manufacturer of lighting products, in Madhya Pradesh would start production from April, a senior official said here Thursday.
"The new lamp manufacturing ... Read more...
Posted in Business |
Centre assures to meet steel demand in the country
December 10th, 2009 - 4:33 pm ICT by ANI
New Delhi, Dec 10 (ANI): Union Minister of State for Steel A Sai Pratap on Thursday said that steel demand in the country is being met both through domestic production and imports."The ... Read more...
Posted in National |
Assocham for tax holiday for five-star hotels
November 25th, 2009 - 7:29 pm ICT by IANS
New Delhi, Nov 25 (IANS) The Associated Chambers of Commerce and Industry of India (Assocham) has called for a five-year tax holiday for all hotels including five-star establishments, especially in Delhi and ... Read more...
Posted in Business |
Entrepreneurs can set up steel plants anywhere in the country: Singh
November 19th, 2009 - 4:39 pm ICT by ANI
New Delhi, Nov 19 (ANI): The Union Government on Thursday announced that entrepreneurs are free to set up steel plants anywhere in the country except in restricted locations based on their commercial ... Read more...
Posted in National |
Birla Corp looking at overseas acquisitions
October 27th, 2009 - 9:04 pm ICT by IANS
Kolkata, Oct 27 (IANS) Birla Corp, flagship company of M.P. Birla group, is examining overseas acquisitions, a top company official said here Tuesday.
"We are examining opportunities in emerging markets for cement companies. ... Read more...
Posted in Business |
MCC PTA India planning to treble revenue
October 23rd, 2009 - 7:47 pm ICT by IANS
Haldia, Oct 23 (IANS) MCC PTA India Corp (MCPI), the Indian subsidiary of Japan's Mitsubishi Chemical Corp, is planning to increase revenue from its production unit here to Rs.5,000 crore from the ... Read more...
Posted in Business |
National Aluminium plans nuclear power plant
September 20th, 2009 - 3:56 pm ICT by IANS
Bhubaneswar, Sep 20 (IANS) The state-owned National Aluminium Co (Nalco) is focusing on diversification, including setting up a nuclear power plant and moving into other metals, to meet the economic meltdown.
As part ... Read more...
Posted in Business |