Yum Restaurants to invest $150 mn on expansion
November 10th, 2009 - 6:00 pm ICT by IANS
New Delhi, Nov 10 (IANS) Yum Restaurants, which operates the Pizza Hut and Kentucky Fried Chicken (KFC) chains, Tuesday said it will open India's first Taco Bell restaurant in Bangalore by the ... Read more...
Posted in Business |
Steel Authority sees 10 percent sales growth this year
November 10th, 2009 - 5:40 pm ICT by IANS
New Delhi, Nov 10 (IANS) The state-run Steel Authority of India Ltd (SAIL) is targeting an 8-10 percent sales growth this fiscal, company chairman S.K. Roongta said here Tuesday.
"We are confident of ... Read more...
Posted in Business |
Strong domestic demand needed for growth: Mukherjee
November 10th, 2009 - 5:31 pm ICT by IANS
New Delhi, Nov 10 (IANS) India will continue investing in agriculture, infrastructure and power to create demand and ensure internal growth till the developed economies witnessed a recovery, Finance Minister Pranab ... Read more...
Posted in Business |
Stimulus to continue till robust recovery takes place in developed markets: Mukherjee
November 10th, 2009 - 5:24 pm ICT by ANI
New Delhi, Nov.10 (ANI): The Indian economy has been able to fare well in spite of the adverse impact of the global economic crisis, due to the strength of its domestic ... Read more...
Posted in Business |
Collaboration, not competition the way forward for a successful deal on climate change: Shyam Saran
November 10th, 2009 - 4:15 pm ICT by ANI
New Delhi, Nov. 10 (ANI): Climate change is a global problem and its solution should come through collaboration between developed and developing countries, according to Shyam Saran, Prime Minister of India's Special ... Read more...
Posted in Business |
Volvo-Eicher buses to hit roads in 2010
November 10th, 2009 - 3:20 pm ICT by IANS
New Delhi, Nov 10 (IANS) The joint venture between heavy vehicle manufacturers Volvo and Eicher Motors will begin production of buses in the second half of 2010.
"Production will start in the second ... Read more...
Posted in Business |
Bajaj, Renault-Nissan to launch low-cost car in 2012
November 10th, 2009 - 3:04 pm ICT by IANS
New Delhi, Nov 10 (IANS) The head of Renault-Nissan Tuesday said the venture to manufacture a low-cost car with India's Bajaj Auto was on track and the new car would be out ... Read more...
Posted in Business |
Government will encourage FDI in media: Ambika Soni
November 9th, 2009 - 8:55 pm ICT by IANS
New Delhi, Nov 9 (IANS) The government will act only as a facilitator for foreign direct investments (FDI) in print media and make amendments in the existing laws to ensure this, ... Read more...
Posted in Business |
Sibal against for-profit educational institutions
November 9th, 2009 - 8:33 pm ICT by IANS
New Delhi, Nov 9 (IANS) The government is not going to give up its opposition to for-profit educational institutions as any collapse of such entities would impact students.
"If profit means giving dividend ... Read more...
Posted in Business |
Infosys BPO planning acquisitions, hiring
November 9th, 2009 - 7:56 pm ICT by IANS
New Delhi, Nov 9 (IANS) Infosys BPO Ltd, the business processing outsourcing (BPO) subsidiary of software major Infosys Technologies, is looking at fresh acquisitions and hiring people.
Speaking to reporters here Monday, Infosys ... Read more...
Posted in Business |
Microsoft expects 50% of new PCs to have Windows 7
November 9th, 2009 - 7:56 pm ICT by Aishwarya Bhatt
New Delhi, Nov 9 (THAINDIAN NEWS) The Indian subsidiary of Microsoft(NASDAQ:MSFT) is getting a good early and healthy response to Windows 7, which is its recently launched operating system, its chairman ... Read more...
Posted in Technology Industry News |
Speculative derivative trade impacting oil prices: ONGC
November 9th, 2009 - 7:31 pm ICT by IANS
New Delhi, Nov 9 (IANS) International oil prices may not stabilise due to a hyperactive derivatives market, which was indulging in speculation to make profits rather than hedging against risk, said the ... Read more...
Posted in Business |
India a leading market for PepsiCo : Nooyi
November 9th, 2009 - 7:23 pm ICT by ANI
New Delhi, Nov 9 (ANI): Indra Nooyi, the Chairman and Chief Executive of PepsiCo today said that India is among the top three markets for the company.PepsiCo has grown by over ... 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 |
China says India has forgotten lessons of 1962 war
November 9th, 2009 - 6:35 pm ICT by ANI
Tawang, Nov. 9 (ANI): While China has blamed New Delhi for trying to provoke Beijing by orchestrating Tibetan spiritual leader Dalai Lama's controversial visit to Arunachal Pradesh, India has rubbished the ... Read more...
Posted in World |
Chinese expert warns New Delhi, India says Dalai Lama free to travel (Lead)
November 9th, 2009 - 6:16 pm ICT by IANS
New Delhi/Beijing, Nov 9 (IANS) India Monday denied that Tibetan spiritual leader Dalai Lama was visiting Tawang under pressure from New Delhi as a Chinese scholar warned that India was on ... Read more...
Posted in World |
Indian telecom to see tariff consolidation: Bharti Airtel
November 9th, 2009 - 6:03 pm ICT by IANS
New Delhi, Nov 9 (IANS) The telecom sector will witness a consolidation of tariffs in the next one to two years as the business models of many new operators were not ... Read more...
Posted in Business |
Government to introduce reforms bills in winter session of Parliament
November 9th, 2009 - 5:50 pm ICT by ANI
New Delhi, Nov 9 (ANI): The government wants to introduce major reforms bills, including one for the setting up of an overarching body in higher education, in the forthcoming Winter and Budget ... Read more...
Posted in National |
Dalai Lama’s Tawang visit his own initiatve: Tharoor
November 9th, 2009 - 5:27 pm ICT by IANS
New Delhi, Nov 9 (IANS) Minister of State for External Affairs Shashi Tharoor Monday denied a Chinese report that Tibetan spiritual leader Dalai Lama was visiting Tawang under pressure from India, ... Read more...
Posted in Uncategorized |
Reforms agenda in place for education sector: Sibal
November 9th, 2009 - 4:46 pm ICT by ANI
New Delhi, Nov.9 (ANI): Massive reforms are required across the spectrum in India's Education sector, declared Human Resource Development MInister Kapil Sibal, at the plenary session on "Creating World-Class Education in India", ... Read more...
Posted in Business |
Trade pact a road to $1-trillion Gulf market for India: Bahrain
November 9th, 2009 - 3:19 pm ICT by IANS
New Delhi, Nov 9 (IANS) The free trade agreement that India and Gulf countries hope to sign will give Indian firms greater access to the $1-trillion market in the Middle East, apart ... Read more...
Posted in Business |
Strong companies kept hiring during slowdown: Genpact CEO
November 9th, 2009 - 3:19 pm ICT by IANS
New Delhi, Nov 9 (IANS) Back office service provider Genpact Monday said the companies that kept hiring during the economic slowdown were viewed as "strong" firms and would benefit from this perception ... Read more...
Posted in Business |
Education reform bills to be tabled in parliament soon
November 9th, 2009 - 2:22 pm ICT by IANS
New Delhi, Nov 9 (IANS) Bills to introduce reforms in the education sector, including setting up an independent accrediting body, will be introduced in the next two sessions of parliament, Human Resource ... Read more...
Posted in Uncategorized |
India may ‘wind down’ fiscal stimulus next year, says PM (Lead)
November 8th, 2009 - 9:13 pm ICT by IANS
New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday said the measures taken by his government helped India brave the financial crisis better than most countries, but it may "wind ... Read more...
Posted in Business |
Bharti Airtel not looking for new buys, says Sunil Mittal
November 8th, 2009 - 8:49 pm ICT by IANS
New Delhi, Nov 8 (IANS) Bharti Airtel chief Sunil Mittal Sunday said his company was not actively looking for new acquisitions after its talks for a mega billion-dollar tie-up with South Africa's ... Read more...
Posted in Business |
India worried over rise of terrorism in Afghanistan, Pakistan: Manmohan Singh
November 8th, 2009 - 7:42 pm ICT by ANI
New Delhi, Nov 8(ANI): Prime Minister Manmohan Singh on Sunday expressed concern over the rising terror activities in Pakistan and Afghanistan and appealed to the world community to take note of ... Read more...
Posted in National |
Vegetable prices may start easing by January: Montek
November 8th, 2009 - 7:31 pm ICT by IANS
New Delhi, Nov 8 (IANS) Planning Commission Deputy Chairperson Montek Singh Ahluwalia Sunday said he expected vegetable prices to ease by January.
"At the end of a bad monsoon, the big pressure is ... Read more...
Posted in Business |
Inefficiency, corruption two causes for poor implementation of govt. projects: Bajaj
November 8th, 2009 - 7:31 pm ICT by ANI
New Delhi, Nov.8 (ANI): Industrialist Rahul Bajaj on Sunday said inefficiency and corruption were the two main reasons for poor implementation of government projects and there was a need to revamp ... Read more...
Posted in National |
‘Bahrain can become India’s conduit to Gulf’ (Lead)
November 8th, 2009 - 6:33 pm ICT by IANS
New Delhi, Nov 8 (IANS) Bahrain can be the conduit for channelling the synergies of India and the six-member Gulf Cooperation Council (GCC), the head of Bahrain's Economic Development Board said here ... Read more...
Posted in Business |
Developed world should shun protectionism: Anand Sharma
November 8th, 2009 - 6:16 pm ICT by IANS
New Delhi, Nov 8 (IANS) Commerce Minister Anand Sharma Sunday said if developed countries resorted to protectionist measures, it could lead to prolonging the economic slowdown.
"If countries go in for protectionist measures, ... Read more...
Posted in Business |
Land acquisition for roads not a problem: Construction major
November 8th, 2009 - 6:02 pm ICT by IANS
New Delhi, Nov 8 (IANS) Acquisition of land for capacity addition to India's road network was not a problem but project financing and certain official requirements were, one of the country's major ... Read more...
Posted in Business |
India to clock 9 percent in 11th Plan period: Ahluwalia
November 8th, 2009 - 5:44 pm ICT by IANS
New Delhi, Nov 8 (IANS) Planning Commission Deputy Chairman Montek Singh Ahluwalia Sunday said the average economic growth during the current Five-Year Plan period would be 9 percent.
"I think we will ... Read more...
Posted in Business |
India to sustain and enhance global engagements: Anand Sharma
November 8th, 2009 - 5:35 pm ICT by ANI
New Delhi, Nov.8 (ANI): Commerce and Industry Minister Anand Sharma addressed a session on "Reinforcing Economic Imperatives: India's Global Engagements" at the 25th India Economic Summit jointly organized by the Confederation of ... Read more...
Posted in Business |
Road projects worth $20 bn to be awarded in next 6 months
November 8th, 2009 - 5:35 pm ICT by IANS
New Delhi, Nov 8 (IANS) Highway projects worth $20 billion will be up for bids over the next six months and the government's differences with private players over certain clauses in public ... Read more...
Posted in Business |
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 |