Fiat not to leave Italy amid sales plunge
September 19th, 2012 - 12:44 pm ICT by IANS
Turin, Sep 19 (IANS/AKI) Amid a Europe-wide decline in car sales, Italian automobile giant Fiat said it does not intend to leave Italy or close any of its Italian plants."The ... Read more...
Posted in Business |
Cuba receives over 1.8 mn visitors
August 21st, 2012 - 1:56 pm ICT by IANS
Havana, Aug 21 (IANS) Cuba received more than 1.8 million overseas visitors in the first seven months of 2012, an increase of over 5 percent compared with the previous same ... Read more...
Posted in Uncategorized |
Lower EMIs for consumer durables, Chidambaram tells PSBs (Lead)
August 18th, 2012 - 8:00 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday called for increased consumer spending as a booster shot to the sagging economy and asked bankers to lower EMIs ... Read more...
Posted in Business |
ITC trying to ‘fast forward’ Rs.25,000 crore investment plan
July 27th, 2012 - 10:46 pm ICT by IANS
Kolkata, July 27 (IANS) In spite of a slowdown in India's economic growth and low business sentiment, cigarette-to-hotel conglomerate ITC Ltd Friday said it is trying to "fast forward" its ... Read more...
Posted in Business |
Hero MotoCorp first quarter net profit grows by 10.2 percent
July 19th, 2012 - 7:04 pm ICT by IANS
New Delhi, July 19 (IANS) Two-wheeler maker Hero MotoCorp Thursday reported a 10.2 percent rise in net profit for the first quarter of the current fiscal which stood at Rs.615.46 ... Read more...
Posted in Business |
Panasonic India eyes Rs.25,000 crore turnover by 2015
June 25th, 2012 - 10:12 pm ICT by IANS
Kolkata, June 25 (IANS) Panasonic India has set an ambitious target to emerge as a $5 billion (Rs.25,000 crore) turnover company within 2015 by drawing up investment plans worth $300 ... Read more...
Posted in Uncategorized |
‘GDP growth likely to be less than 6.5 percent in 2012-13′
June 10th, 2012 - 6:17 pm ICT by IANS
New Delhi, June 10 (IANS) The gross domestic product (GDP) growth in 2012-13 is likely to be less than 6.5 percent, an industry body said Sunday adding that the government ... Read more...
Posted in Business |
Hero to merge investment arm with self, invest Rs.2,575 crore
June 4th, 2012 - 9:08 pm ICT by IANS
New Delhi, June 4 (IANS) Hero MotoCorp, the world's largest two-wheeler maker, Monday said it would merge with itself Hero Investments, the investment arm of the parent firm, and set ... Read more...
Posted in Business |
DLF Brands to open 10 lifestyle multi-brand retail stores
May 24th, 2012 - 10:03 pm ICT by IANS
New Delhi, May 24 (IANS) Realty major DLF's lifestyle retail subsidiary DLF Brands Thursday said it plans to open around 10 multi-brand retail "AVE.NEU" outlets by the end of fiscal ... Read more...
Posted in Business |
Idea Cellular quarterly net profit falls 13 percent
April 26th, 2012 - 8:55 pm ICT by IANS
Mumbai, April 26 (IANS) Telecom service provider Idea Cellular Thursday reported a 13 percent decline in net profit for the quarter ended March 31 at Rs.238.98 crore owing to higher ... Read more...
Posted in Business |
Discovery launches network for children in India
March 14th, 2012 - 6:06 pm ICT by IANS
Mumbai, March 14 (IANS) Mark Hollinger, president and CEO of Discovery Networks International, Wednesday announced the launch of its new network for children in India and said that the local ... Read more...
Posted in Entertainment |
Business confidence declined: CII survey
January 29th, 2012 - 10:45 am ICT by IANS
New Delhi, Jan 29 (IANS) Uncertainty surrounding the global economy, rising inputs cost and high interest rates had led to a decline in business confidence during the quarter that ended ... Read more...
Posted in Business |
Bengal eyes 25 percent of India’s IT revenue by 2015
January 6th, 2012 - 4:51 pm ICT by IANS
Kolkata, Jan 6 (IANS) The West Bengal government hopes to grab 25 percent of India's revenue from IT sector by 2015, state Industry Minister Partha Chatterjee said Friday and added ... Read more...
Posted in Sci-Tech |
NTPC board nod to Rs.18,347 crore investment plans
December 29th, 2011 - 2:45 pm ICT by IANS
Mumbai, Dec 29 (IANS) State-run thermal power generator NTPC Thursday said its board had approved investment plans of Rs.18,346.59 crore ($3.44 billion) for two power projects in India.The board of ... Read more...
Posted in Business |
Coca Cola not to increase prices in India
September 26th, 2011 - 4:31 pm ICT by IANS
New Delhi, Sep 26 (IANS) Fast moving consumer goods (FMCG) major Coca Cola India Monday said it will not raise prices to counter the effects of high inflation."Inflation is there ... Read more...
Posted in Business |
Samsung India plans 40 percent turnover growth to clock $5 bn
September 9th, 2011 - 6:09 pm ICT by IANS
Kolkata, Sep 9 (IANS) Digital technology major Samsung Electronics plans a turnover growth of 40 percent for 2011 to clock $5 billion in India this year, a top company executive ... Read more...
Posted in Business |
Reliance gold fund attracts 200,000 applications
March 9th, 2011 - 7:02 pm ICT by IANS
Mumbai, March 9 (IANS) Reliance Mutual Fund Wednesday said it had received over 200,000 applications for its recently concluded gold fund making it the largest option that has been exercised ... Read more...
Posted in Business |
Gujarat NRE Coke’s Australian subsidiary raises Rs.320 crore
February 17th, 2011 - 2:52 pm ICT by IANS
Mumbai, Feb 17 (IANS) Gujarat NRE Coke Ltd Thursday said its Australian subsidiary has raised over Rs.320 crore through an institutional placement done by book building mechanism. "The placement, which opened on ... Read more...
Posted in Business |
Volkswagen to build new engine plant in Mexico
September 23rd, 2010 - 11:52 am ICT by IANS
Mexico City, Sep 23 (IANS/EFE) German automaker Volkswagen said Wednesday it plans to build a $550 million plant with annual production capacity of 330,000 engines in the central Mexican state of Guanajuato.
During ... Read more...
Posted in Business |
Gujarat NRE Minerals to file draft papers for IPO
September 10th, 2010 - 7:48 pm ICT by IANS
Kolkata, Sep 10 (IANS) Gujarat NRE Mineral Resources Limited (GNMRL) will file the draft red herring prospectus (DRHP) within a month for its initial public offering, diluting 25 percent stake, a top ... Read more...
Posted in Business |
ASSOCHAM suggests measures to boost corporate investments
August 3rd, 2010 - 7:03 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Associated Chambers of Commerce and Industry (ASSOCHAM) has said tax concessions to companies, better regulation of imports and liberal exit policies are some of the measures ... Read more...
Posted in Business |
Indian packaging firm has global investment plans
June 29th, 2010 - 5:27 pm ICT by IANS
By Arun Anand
Dubai, June 29 (IANS) In a move to strengthen its presence globally and consolidate its position in the domestic market, UFLEX Ltd, a leading Indian flexible packaging company, has announced ... Read more...
Posted in Business |
Bharti Airtel moves to close deal with Dhaka telecom firm
December 30th, 2009 - 2:58 pm ICT by IANS
Dhaka, Dec 30 (IANS) Indian telecom firm Bharti Airtel is close to acquiring a majority stake in the Bangladesh operations of Warid Telecom, with officials of both companies meeting key officials to ... Read more...
Posted in Business |
For Headley, a terror plot was a ‘Mickey Mouse Project’
December 17th, 2009 - 2:19 pm ICT by IANS
By Arun Kumar
Washington, Dec 17 (IANS) David Headley, the Pakistani American who is at the centre of an unravelling terror conspiracy, used sophisticated tactics of terrorist tradecraft like code language and "electronic ... Read more...
Posted in South Asia |
Jaguar Land Rover secures 500 mn pound funding: report
October 7th, 2009 - 9:28 pm ICT by IANS
London, Oct 7 (IANS) Jaguar Land Rover (JLR), the troubled British carmaker, has secured 500 million pounds of new finance, including a 175 million pound loan from the State Bank of ... Read more...
Posted in Business |
Pantnagar plant to be ready by April, says Ashok Leyland
October 1st, 2009 - 9:38 pm ICT by IANS
Alwar (Rajasthan), Oct 1 (IANS) Commercial vehicle manufacturer Ashok Leyland says it has not whittled down investments planned for this fiscal on account of the economic slowdown, and denied it had put ... Read more...
Posted in Business |
Government okays 13 foreign investment proposals
September 23rd, 2009 - 8:05 pm ICT by IANS
New Delhi, Sep 23 (IANS) The government has approved 13 foreign investment proposals worth Rs.393.62 crore, including Sterlite Technologies' plan to issue and allot warrants valued at Rs.103.95 crore on preferential basis, ... Read more...
Posted in Business |
Larsen and Toubro scales down investment for Chennai shipyard
August 6th, 2009 - 9:56 pm ICT by IANS
Chennai, Aug 6 (IANS) Hit by the economic slowdown, engineering and construction major Larsen and Toubro (L&T) has scaled down its investment plan for the upcoming Chennai shipyard, a senior company official ... Read more...
Posted in Business |
Texmaco to make Metro coaches with Japanese firms
July 23rd, 2009 - 8:52 pm ICT by IANS
Kolkata, July 23 (IANS) KK Birla group company Texmaco Ltd is in the last leg of finalising a joint venture with three Japanese companies led by Kawasaki to make Metro rail coaches, ... Read more...
Posted in Business |
Tata’s Jaguar to end X-Type car production, sack 300 employees
July 15th, 2009 - 5:57 pm ICT by ANI
London, July 15 (ANI): Tata-owned Jaguar has decided to end the production of its X-Type car by the end of 2009, which would result in 300 job cuts.The carmaker announced on Wednesday ... Read more...
Posted in Business |
ONGC will invest $730 mn in Cairn’s Rajasthan block
July 14th, 2009 - 1:27 am ICT by IANS
New Delhi, July 13 (IANS) The state-run Oil and Natural Gas Corp. Ltd will invest $730 million in a Cairn India block in Rajasthan, despite expecting negative returns, Petroleum Minister Murli Deora ... Read more...
Posted in Business |
India investment plans on track, says Nissan
June 4th, 2009 - 8:58 pm ICT by IANS
Chennai, June 4 (IANS) Japanese auto major Nissan Motor Co Thursday said its partner Renault's decision to suspend investments in the joint venture's upcoming manufacturing facility near here would not affect the ... Read more...
Posted in Business |
SAIL expects sales to grow despite slowdown
March 26th, 2009 - 6:07 pm ICT by IANS
New Delhi, March 26 (IANS) The state-run Steel Authority India (SAIL) expects its sales to grow in March despite the current slowdown, saying it would be close to the month before.
"In February ... Read more...
Posted in Business |
Tata Metaliks identifies land in Karnataka for steel project
March 7th, 2009 - 6:17 pm ICT by IANS
Kharagpur (West Bengal), March 7 (IANS) Pig iron manufacturer Tata Metaliks, which plans to establish an integrated steel plant in Karnataka, has identified land for this some 300 km from Bangalore, a ... Read more...
Posted in Business |
West Bengal slides in list of investment-friendly states
February 22nd, 2009 - 12:01 am ICT by IANS
Kolkata, Feb 22 (IANS) Post Nandigram and Singur fiascos, West Bengal slipped to 13th position in 2008 from fourth in the previous year among India's major investment-centric states, according to a paper ... Read more...
Posted in Politics |