Rising raw material cost dampening manufacturing growth: Ficci
December 11th, 2011 - 1:20 pm ICT by IANS
New Delhi, Dec 11 (IANS) Fewer orders, moderate exports and rising raw material costs have dampened the manufacturing sector, the Federation of Indian Chambers of Commerce and Industry (Ficci) says ... Read more...
Posted in Business |
Graphite India’s Q2 net slips 14.9 percent
November 14th, 2011 - 6:12 pm ICT by IANS
Kolkata, Nov 14 (IANS) Graphite India Limited (GIL), India's largest graphite electrode producer, Monday reported a 14.9 percent decline in its standalone net profit at Rs.42 crore in the quarters ... Read more...
Posted in Business |
Air India says financially hit but operationally sound
August 11th, 2011 - 4:12 pm ICT by IANS
New Delhi, Aug 11 (IANS) Ahead of a crucial meeting of a ministerial panel on the future of Air India, the beleaguered flag carrier has sought to suggest that ... Read more...
Posted in Business |
Birla Corp plans Rs.1,025 crore capacity expansion investment
June 27th, 2011 - 9:06 pm ICT by IANS
Kolkata, June 27 (IANS) The M.P. Birla Group flagship Birla Corporation is planning to invest around Rs.1,025 crore over the next one and a half years for expanding cement and ... Read more...
Posted in Business |
SAIL quarterly net profit falls 27.6 percent
April 29th, 2011 - 9:55 pm ICT by IANS
Mumbai, April 29 (IANS) Government-owned Steel Authority of India (SAIL) Friday reported a 27.6-percent decrease in the net profit for the quarter ended March 31 at Rs.1,507 crore, owing to ... Read more...
Posted in Business |
Nalco records excellent production, sales rise
April 3rd, 2011 - 7:03 pm ICT by IANS
Bhubaneswar, April 3 (IANS) State-run National Aluminium Company Limited (Nalco) recorded excellent production and sales results during 2010-11, the company said Sunday.While the company has achieved highest-ever cast metal production ... Read more...
Posted in Business |
Country’s second-largest paper maker pushes growth
February 10th, 2011 - 3:15 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, Feb 10 (IANS) Tamil Nadu Newsprint and Papers that has set up its Rs.1,000-crore third unit last month is confident of reaching 100-percent production of its capacity of ... Read more...
Posted in Business |
Ashok Leyland Q3 net profit down 59 percent
January 22nd, 2011 - 9:03 pm ICT by IANS
Chennai, Jan 21 (IANS) Commercial vehicles maker Ashok Leyland Ltd reported a 59 percent decline in its net profit for the third quarter of the current fiscal despite an increase of 22.5 ... Read more...
Posted in Business |
RBI launches survey to gauge industry growth outlook
January 2nd, 2011 - 6:14 pm ICT by IANS
Mumbai, Jan 2 (IANS) The Reserve Bank of India (RBI) has launched a new round of survey to gauge the growth prospects of public and private sector companies during the January-March quarter. ... Read more...
Posted in Business |
Hindustan Motors to launch premium sedan Lancer Evolution X
September 30th, 2010 - 11:14 pm ICT by IANS
Chennai, Sep 30 (IANS) India's oldest car maker Hindustan Motors is planning to launch premium sedan- Lancer Evolution X- from the stables of Japanese Mitsubishi Motors this fiscal.The two companies have a ... Read more...
Posted in Business |
Small and medium firms’ business confidence rising: CII
July 25th, 2010 - 5:35 pm ICT by IANS
New Delhi, July 25 (IANS) The confidence of small and medium enterprises(SMEs)in India is on the rise with many firms recording higher sales and increased capacity utilisation, says a survey by the ... Read more...
Posted in Business |
SilkAir adds Chennai on its route map
June 15th, 2010 - 5:14 pm ICT by IANS
Chennai, June 15 (IANS) SilkAir, the regional wing of Singapore Airlines, has launched daily services between Singapore and Chennai, hoping to garner a good share in the passenger traffic between south India ... Read more...
Posted in Business |
Fertiliser sector reforms will attract fresh investments (Comment)
May 30th, 2010 - 11:53 am ICT by IANS
By Satish Chander
The fertiliser sector in India has been through difficult times in recent years. Stagnant production, no fresh investment and poor financial health of the units were accompanied by high level ... Read more...
Posted in Business |
India may grow still faster; inflation a ‘big worry’: RBI chief
April 27th, 2010 - 10:32 am ICT by IANS
By Arun Kumar
Washington, April 27 (IANS) India's economic growth this year may be "slightly higher" than the currently estimated 7.2 percent but faster inflation is a "big worry", according to Reserve Bank ... Read more...
Posted in Business |
Renault, Nissan and Daimler to swap shares, launch cars
April 7th, 2010 - 4:44 pm ICT by IANS
Chennai, April 7 (IANS) Renault-Nissan and Daimler Wednesday announced equity swap and a programme to jointly launch cars and light commercial vehicles.
The idea behind the three-way alliance of French Renault, Japanese Nissan ... Read more...
Posted in Business |
Bhilai plant produced 5.37 m tonnes hot metal in 2009-10
April 3rd, 2010 - 11:27 pm ICT by IANS
Raipur, April 3 (IANS) Bhilai Steel Plant, the highest profit making unit of India's largest public sector steel producer, Steel Authority of India Ltd (SAIL), has ended its 2009-10 fiscal year with ... Read more...
Posted in Business |
NALCO’s aluminium production up by 19.4 per cent
April 3rd, 2010 - 7:09 pm ICT by IANS
Bhubaneswar, April 3 (IANS) State-owned National Aluminium Co Ltd (NALCO) has produced 4.31 lakh tonnes of aluminium in 2009-10, an increase of 19.4 per cent, against 3.61 lakh tonnes in 2008-09, the ... Read more...
Posted in Business |
Intensified inflationary pressures need cautious checks: RBI
March 25th, 2010 - 8:13 pm ICT by IANS
New Delhi, March 25 (IANS) Despite recent easing of food prices, inflationary pressures remain high in India calling for more steps from policy-makers but with due caution such that economic recovery is ... Read more...
Posted in Business |
Orissa’s iron and steel industry performance dips
June 21st, 2009 - 7:11 pm ICT by IANS
Bhubaneswar, June 21 (IANS) The iron and steel industry in Orissa has recorded negative trends in its performance parameters between October 2008 and March 2009, compared to the previous two quarters of ... Read more...
Posted in Business |
Ficci prepares its own wish list for Obama
January 20th, 2009 - 9:44 pm ICT by IANS
New Delhi, Jan 20 (IANS) With Barack Obama taking over as the US President Tuesday, a leading industry lobby has identified five areas that it hopes the new leadership will address to ... Read more...
Posted in Business |
National Aluminium’s net profit up 9.4 percent
December 4th, 2008 - 4:45 pm ICT by IANS
Angul (Orissa), Dec 4 (IANS) The global economic slowdown may have pushed many companies into crisis world over, but for National Aluminium Co. (Nalco), India's second largest aluminium producer, it is business ... Read more...
Posted in Business |
Struggling textile industry wants pending government funds released
November 5th, 2008 - 9:23 pm ICT by IANS
New Delhi, Nov 5 (IANS) Faced with shrinking global and domestic demand and a crippling cash crunch, an Indian textile industry lobby has urged the government to release Rs.20 billion that ... Read more...
Posted in Uncategorized |
Mallya, Goyal quash rumours of Kingfisher-Jet Airways merger
October 15th, 2008 - 6:05 pm ICT by ANI
Hyderabad (ANI): Airline barons Vijay Mallya and Naresh Goyal today quashed rumours of a merger between Jet Airways and Kingfisher Airlines.
"There is no equity swap. Our understanding is for purely commercial ... Read more...
Posted in National |
N-deal aimed at ending nuclear isolation: Chidambaram
July 19th, 2008 - 10:00 pm ICT by IANS
Hyderabad, July 19 (IANS) Defending the India-US civilian nuclear deal, Finance Minister P. Chidambaram Saturday said the government wished to end the country's nuclear isolation and gain access to reactors, fuel and ... Read more...
Posted in Business |
Pyramid Saimira increases turnover, profit but skips dividend
June 30th, 2008 - 5:25 pm ICT by IANS
Chennai, June 30 (IANS) The city-based entertainment company Pyramid Saimira Theatre Ltd closed the 2007-08 fiscal with a revenue of Rs.7.49 billion and an after-tax profit of Rs.578.7 million. The corresponding figures ... Read more...
Posted in Business |
Wipro joins global consortium for green energy
June 6th, 2008 - 12:33 am ICT by IANS
Bangalore, June 5 (IANS) To mark World Environment Day, Software major Wipro Ltd joined Green Grid, the global consortium dedicated to energy efficiency in data centres and business computing eco-systems, the IT ... Read more...
Posted in Business |
Fearing layoffs, AEPC surveys apparel units
April 9th, 2008 - 6:33 pm ICT by admin
Ahmedabad, April 9 (IANS) Fearing layoffs and closures as exports decline with the hardening rupee, a worried Apparel Export Promotion Council (AEPC) is surveying the current status of India's garment industry. The ... Read more...
Posted in Business |
India to get its first aluminium train wagon soon
April 3rd, 2008 - 4:31 pm ICT by admin
(Lead)
By Jatindra Dash
Bhubaneswar, April 3 (IANS) The National Aluminium Co Ltd (Nalco) will join up with Bharat Earth Movers Ltd (BEML) to produce the country's first aluminium railway wagons. The two ... Read more...
Posted in Business |
Ford to invest $500 mn for expanding India operations
March 19th, 2008 - 8:07 pm ICT by admin
Bangalore, March 19 (IANS) Global auto major Ford Motor Company (FMC) will invest an additional $500 million over the next two years to expand its Indian operations for manufacturing small car and ... Read more...
Posted in Business |
Gujarat offers business counselling to small, medium units
March 10th, 2008 - 6:59 pm ICT by admin
Ahmedabad, March 10 (IANS) In a novel public-private experiment, the Gujarat government and the Ahmedabad Management Association (AMA) have opened a counselling centre to assist micro as well as small and medium ... Read more...
Posted in Business |