Unfavourable levies hit Indian manufacturing: FICCI
August 12th, 2012 - 8:52 pm ICT by IANS
New Delhi, Aug 12 (IANS) Several industrial sectors like tyres, electronic hardware, electrical equipment and medical instruments are suffering due to an unfavourable duty structure which makes Indian manufacturing uncompetitive, ... Read more...
Posted in Business |
Ford India expects 10 percent sales growth
May 22nd, 2012 - 9:38 pm ICT by IANS
Chennai, May 22 (IANS) Ford India Pvt Ltd, the Indian subsidiary of the US Ford Motor Company, hopes to achieve 10 percent sales growth despite difficult market conditions while completing ... Read more...
Posted in Business |
Yamaha to set up Rs.1,500 crore plant in Tamil Nadu
May 14th, 2012 - 6:17 pm ICT by IANS
Chennai, May 14 (IANS) With demand for its premium bikes going up and sensing bigger opportunities, the India Yamaha Motor Pvt. Ltd. will be setting up here its largest plant ... Read more...
Posted in Business |
China confident in 10 percent trade growth (Lead)
April 17th, 2012 - 3:08 pm ICT by IANS
Beijing, April 17 (IANS) China is confident about achieving the full-year target of 10-percent growth in foreign trade, despite slowed growth in the first quarter due to cumulative factors, the ... Read more...
Posted in Uncategorized |
South Korea’s economic growth to slow in 2012: ADB
April 13th, 2012 - 1:35 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's economic growth was expected to slow to 3.4 percent this year as economic downturn in advanced nations may hamper the country's exports, which account ... Read more...
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India should allow processing of pulses for exports
April 6th, 2012 - 6:33 pm ICT by IANS
Chennai, April 6 (IANS) The Indian government should allow at least the processing of imported raw pulses for export markets so that the domestic milling industry occupies the slots now ... Read more...
Posted in Business |
Hyundai Motor sales up in March
April 2nd, 2012 - 2:59 pm ICT by IANS
Chennai, April 2 (IANS) India's second largest car manufacturer Hyundai Motor India Ltd closed last month with 6.6 percent growth in sales though its exports fell by 15.26 percent compared ... Read more...
Posted in Business |
India Yamaha Motor reports 14 percent sales growth in March
March 31st, 2012 - 5:18 pm ICT by IANS
New Delhi, March 31 (IANS) Two-wheeler maker India Yamaha Motor Saturday reported a 13.9 percent increase in sales during March. The company sold 41,886 units as compared to 36,768 units ... Read more...
Posted in Business |
Is China driving US exports?
March 30th, 2012 - 5:21 pm ICT by IANS
Beijing, March 30 (IANS) China seems to be driving US exports, as shipments from the US to the Asian giant are growing much faster than to other major destinations.According to ... Read more...
Posted in Business |
Indian firm ships sugar packing machine to Sudan
February 20th, 2012 - 11:26 pm ICT by IANS
Bangalore, Feb 20 (IANS) Integrated packaging machinery major Nichrome India has shipped an assembling machine to one of the largest sugar plants in Sudan for packing the sweet crystals, the ... Read more...
Posted in Business |
‘Opportunity for Indian leather exports in Europe, US’
February 19th, 2012 - 12:05 am ICT by IANS
Kolkata, Feb 18 (IANS) There is an opportunity for Indian leather goods export community to bag some additional orders from Europe and the US as China, a major exporter, is ... Read more...
Posted in Business |
Kerala’s coir festival gets African participation
January 28th, 2012 - 6:19 pm ICT by IANS
Thiruvananthapuram, Jan 28 (IANS) The second edition of the International Coir Festival has seen registration from 35 countries, which includes many African nations for the first time, a minister said ... Read more...
Posted in Business |
Indian machine tools industry upbeat on demand growth
January 3rd, 2012 - 10:00 pm ICT by IANS
Bangalore, Jan 3 (IANS) The fledgling Indian machine tools industry remains upbeat on demand growth as economic slowdown during this fiscal had no bearing on orders from the manufacturing sector, ... Read more...
Posted in Business |
Automatic approval to FDI in greenfield pharma projects to continue: RBI
December 12th, 2011 - 6:49 pm ICT by IANS
New Delhi, Dec 12 (IANS) The Reserve Bank of India (RBI) will continue to allow overseas capital up to 100 percent in greenfield pharmaceutical projects through the automatic route, but ... Read more...
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`Rising risk of Eurozone-US recession threaten Asian economies’
December 6th, 2011 - 2:53 pm ICT by IANS
Manila, Dec 6 (IANS) Economic growth in emerging East Asia will continue to moderate in 2012 as growing sovereign debt problems in Europe and an anaemic US economy raise the ... Read more...
Posted in Business |
TVS Motors, India Yamaha log sales growth in November
December 1st, 2011 - 6:37 pm ICT by IANS
Chennai, Dec 1 (IANS) Two-wheeler majors TVS Motor Company and India Yamaha Motor closed November with increased sales as compared to November last year.TVS Motor Company closed the month with ... Read more...
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Ford’s domestic sales up 11 percent
December 1st, 2011 - 6:36 pm ICT by IANS
New Delhi, Dec 1 (IANS) American automobile major Ford's Indian subsidiary Thursday reported an increase of 11 percent in its domestic sales for the month of November at 8,322 units ... Read more...
Posted in Business |
Concerned over possible hike in medicine prices: Jena
November 29th, 2011 - 6:50 pm ICT by IANS
New Delhi, Nov 29 (IANS) The government Tuesday expressed its concern over a likely increase in prices of medicines by international companies which are eyeing Indian firms after being allowed ... Read more...
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Jindal SAW bags orders worth Rs.1,000 crore
November 24th, 2011 - 1:31 pm ICT by IANS
New Delhi, Nov 24 (IANS) Oil and gas pipeline solutions major Jindal SAW Thursday said it has bagged orders worth Rs.1,000 crore ($190 million) for supplying large diameter pipes and ... Read more...
Posted in Business |
South India planters upbeat on growth prospects
October 21st, 2011 - 8:26 pm ICT by IANS
Coonoor (Tamil Nadu), Oct 21 (IANS) Barring tea, planters of coffee, rubber and spices have reason to celebrate ahead of Diwali as they never had it so good on all ... Read more...
Posted in Business |
Mahindra may delay XUV500 export to meet local demand
October 8th, 2011 - 7:40 pm ICT by IANS
Chennai, Oct 8 (IANS) With an aim to first satisfy the domestic demand for its newly- launched sports utility vehicle XUV500 model, automobile major Mahindra and Mahindra (M&M;) proposes postponing ... Read more...
Posted in Business |
Jay Shree Tea eyes increased production
September 22nd, 2011 - 10:26 pm ICT by IANS
Kolkata, Sep 22 (IANS) Jay Shree Tea and Industries Ltd, a B.K. Birla Group company, Thursday said it expected an 8 percent growth in its tea crop production in 2011-12."Tea ... Read more...
Posted in Business |
Ford’s August sales up nine percent
September 1st, 2011 - 4:38 pm ICT by IANS
New Delhi, Sep 1 (IANS) The Indian subsidiary of American automobile major Ford Thursday reported an increase of nine percent in its sales for August, including exports at 8,914 units ... Read more...
Posted in Business |
Tata plans 100 utility vehicle showrooms
August 10th, 2011 - 11:09 pm ICT by IANS
Kolkata, Aug 10 (IANS) Automobile major Tata Motors is planning 100 exclusive utility vehicle (UV) showrooms across the country as part of its enhanced focus on the segment, a company ... Read more...
Posted in Business |
29.5 percent cumulative export growth in India between April-Dec 2010-11 (Part II)
February 25th, 2011 - 5:20 pm ICT by ANI
(Cont.)According to the Survey, the revival of this sector is a good sign, though it is partially due to the base effect. The falling services trade surplus however is adding to the ... Read more...
Posted in Feature |
Indian exports up 29.5 percent in April-December 2010
February 25th, 2011 - 4:56 pm ICT by IANS
New Delhi, Feb 25 (IANS) India's exports rose 29.5 percent to $164.7 billion in the first three quarters of the current fiscal and it is likely to remain robust for the ... Read more...
Posted in Business |
Toshiba to start production of turbine generators in July
January 22nd, 2011 - 10:56 pm ICT by IANS
Chennai, Jan 22 (IANS) The Rs.800 crore, 3,000 MW steam turbine and generator project of Toshiba JSW Turbine and Generator Pvt. Ltd. coming up here is expected to start production in July ... Read more...
Posted in Business |
Pakistan not to call itself `frontline state’ in terror war
January 21st, 2011 - 12:50 pm ICT by IANS
Islamabad, Jan 21 (IANS) Islamabad has decided to drop the phrase "frontline state in war against terrorism", frequently used by officials to highlight Pakistan's role against terror, as it was not serving ... Read more...
Posted in South Asia |
Nissan Motor to ramp up distribution
December 13th, 2010 - 7:21 pm ICT by IANS
Chennai, Dec 13 (IANS) By 2013, Japanese car marketing company Nissan Motor India Pvt Ltd will ramp up its distribution network to 100 from the current 21 and also increase its product ... Read more...
Posted in Business |
Nissan to unveil diesel variant of Micra in India
November 25th, 2010 - 7:06 pm ICT by IANS
Bangalore, Nov 25 (IANS) Japanese automobile joint venture Nissan Motor India Limited will unveil the diesel variant of its Micra compact hatchback car in December second week, a top company official said ... Read more...
Posted in Business |
India to bolster manufacturing, exports
November 11th, 2010 - 8:12 pm ICT by IANS
Jaipur, Nov 11 (IANS) The National Manufacturing Policy, aimed at increasing the sector's contribution to India's total economic output, is likely to be announced by the year end, Union Minister of Commerce ... 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...
Posted in Business |
Developing countries should focus on domestic demand: Unctad
September 15th, 2010 - 12:02 am ICT by IANS
New Delhi, Sep 14 (IANS) With rich nations facing a severe downturn, developing countries like India must focus on creating domestic demand, with job-generation and wage hikes, since export-led growth seems an ... Read more...
Posted in Business |
Government tells planters to brace for competition from FTAs (Lead)
September 14th, 2010 - 6:34 pm ICT by IANS
By Fakir Balaji
Coonoor (Tamil Nadu), Sep 14 (IANS) The government Tuesday asked the commodity plantation sector in southern India to brace for competition in the domestic and export markets coming from free ... Read more...
Posted in Business |
Steel Strips Wheels to expand capacity
September 13th, 2010 - 6:27 pm ICT by IANS
New Delhi, Sep 13 (IANS) Auto-component manufacturer Steel Strips Wheels Ltd (SSWL) Monday said that it is increasing the capacity of its plant at Oragadam near Chennai by four million wheel ... Read more...
Posted in Business |