UP announces new industrial policy
September 4th, 2012 - 7:36 pm ICT by IANS
Lucknow, Sep 4 (IANS) After a gap of eight years, Uttar Pradesh will have a new industrial policy that aims at achieving 11.2 per cent sectoral growth in the state.The ... Read more...
Posted in Business |
Kerala villagers unite to thwart high court order
August 3rd, 2012 - 5:20 pm ICT by IANS
Thiruvananthapuram, Aug 3 (IANS) Villapinsalla was once a sleepy village on the outskirts of the city until the Thiruvananthapuram Corporation set up a waste treatment plant there a decade ago. ... Read more...
Posted in Environment |
CII moots 10-point agenda for reviving Indian economy (Lead)
June 5th, 2012 - 9:44 pm ICT by IANS
Hyderabad, June 5 (IANS) Industry lobby, the Confederation of Indian Industry (CII) Tuesday mooted a 10-point agenda, including an early introduction of the goods and services tax (GST), to revive ... Read more...
Posted in Business |
CII moots 10-point agenda for reviving Indian economy
June 5th, 2012 - 7:26 pm ICT by IANS
Hyderabad, June 5 (IANS) Industry lobby, the Confederation of Indian Industry (CII) Tuesday mooted a 10-point agenda to revive India's economic growth through reforms and governance.The CII national council, which ... Read more...
Posted in Business |
Stimulus package needed to revive economic growth: Adi Godrej
June 1st, 2012 - 7:40 pm ICT by IANS
New Delhi, June 1 (IANS) The Reserve Bank of India should cut key policy rates by at least one percent, and the government needs to come out with stimulus package ... Read more...
Posted in Business |
Firm fined Rs.100 crore in Himachal, files review petition
June 1st, 2012 - 6:10 pm ICT by IANS
Shimla, June 1 (IANS) Just about a month after the Himachal Pradesh High Court directed a private firm to dismantle a thermal power plant in Solan district over green concerns, ... Read more...
Posted in Business |
Raise depreciation rate to boost investment: CII
February 26th, 2012 - 11:31 am ICT by IANS
New Delhi, Feb 26 (IANS) The government should raise the depreciation rate for energy efficient technologies and plant and machinery to help companies go green and boost private investment, the ... Read more...
Posted in Business |
Growth should be given priority in budget: CII
January 22nd, 2012 - 12:45 pm ICT by IANS
New Delhi, Jan 22 (IANS) Finance Minister Pranab Mukherjee should give priority to measures that would boost growth and help curb fiscal deficit in the union budget for 2012-13, ... Read more...
Posted in Business |
India allows 100 percent FDI in single brand retail
January 10th, 2012 - 8:24 pm ICT by IANS
New Delhi, Jan 10 (IANS) India Tuesday allowed 100 percent foreign equity in single brand retail, notifying the norms that among other things said all wholly owned international brands will ... Read more...
Posted in Business |
New Zealand’s terms of trade dip after 37-year high
December 1st, 2011 - 4:14 pm ICT by IANS
Wellington, Dec 1 (IANS) New Zealand's terms of trade, the purchasing power of its exports against the value of imports, fell in the September quarter after hitting a 37-year high ... Read more...
Posted in Business |
Uproar in Rajya Sabha over FDI decision, house adjourned
November 25th, 2011 - 5:53 pm ICT by IANS
New Delhi, Nov 25 (IANS) The Rajya Sabha Friday witnessed noisy protests from the opposition over the government decision to allow foreign direct investment (FDI) in multi-brand retail ... Read more...
Posted in Politics |
Rs.2,100 crore sanctioned for textiles parks
October 27th, 2011 - 6:03 pm ICT by IANS
New Delhi, Oct 27 (IANS) The government has sanctioned Rs.2,100 crore to set up 21 new textiles parks across the country with advanced infrastructure and upgraded technology, Commerce and Industry ... Read more...
Posted in Business |
Ruia asked to submit Dunlop revival plan
August 1st, 2011 - 11:57 pm ICT by IANS
Kolkata, Aug 1 (IANS) The West Bengal government Monday asked Ruia Group chairman Pawan Kumar Ruia to submit within seven days a detailed revival plan on re-opening the Sahagunj unit ... Read more...
Posted in Business |
Excise duty exemption for Himachal industry extended
December 25th, 2010 - 8:24 pm ICT by IANS
Shimla, Dec 25 (IANS) The central government has decided to extend excise duty exemption for all industrial units set up in the state before March 31 this year, Himachal Pradesh Chief Minister ... Read more...
Posted in Business |
Government to treble food processing sector to reduce wastage
September 22nd, 2010 - 9:30 pm ICT by IANS
New Delhi, September 22 (IANS) The government said Wednesday it is envisaging trebling the size of country's food processing sector by raising the level of processing of perishables, value addition and share ... Read more...
Posted in Business |
Uttar Pradesh sugar mill handed over to industrialist
August 18th, 2010 - 1:39 am ICT by IANS
Lucknow, Aug 18 (IANS) A recently disinvested sugar mill in Amroha district of Uttar Pradesh was Tuesday handed over to industrialist Ponty Chadda amid tight security.
Kundan Sugar Mill in Amroha, about 400 ... Read more...
Posted in Business |
Agri-machinery maker Same Deutz-Fahr to invest Rs.24 crore
April 10th, 2010 - 7:57 pm ICT by IANS
Ranipet (Tamil Nadu), April 10 (IANS) Agricultural machinery manufacturer Same Deutz-Fahr India will invest Rs.24 crore in its operations in the country to meet domestic and global market needs, the company said ... Read more...
Posted in Business |
Kamaz Vectra Hosur plant shut down
March 29th, 2010 - 7:13 pm ICT by IANS
Chennai, March 29 (IANS) Heavy truck maker Kamaz Vectra Motors Ltd's plant at Hosur has been shut down by the Tamil Nadu Factories Inspectorate for operating without a proper licence, an official ... Read more...
Posted in Business |
Kashmir government gets 10-year extension of tax package
February 9th, 2010 - 11:06 pm ICT by IANS
Jammu, Feb 9 (IANS) The Omar Abdullah government in Jammu and Kashmir Tuesday scored a major victory when it got another ten-year extension of the central excise package and refund on ... Read more...
Posted in Business |
Centre rules out revival of Kudremukh iron-ore mines
December 4th, 2009 - 4:28 pm ICT by ANI
New Delhi, Dec 4 (ANI): Union Government on Friday clarified that it will not initiate mining activities in the Kudremukh area of Karnataka without specific clearance from the Supreme Court.In written reply ... Read more...
Posted in National |
Samsung India targets $2 bn turnover this year
July 15th, 2009 - 7:48 pm ICT by IANS
Chennai, July 15 (IANS) The Indian arm of Korean consumer durable major Samsung India is targeting a turnover of $2 billion (about Rs.10,000 crore) this calendar year, said a senior company official ... Read more...
Posted in Business |
Bharat Earth Movers net up 19 percent
July 9th, 2009 - 10:16 pm ICT by IANS
Bangalore, July 9 (IANS) State-run Bharat Earth Movers Ltd (BEML) posted net profit of Rs.268 crore in fiscal 2008-09 as against Rs.225 crore the year before, registering growth of 19 percent, the ... Read more...
Posted in Business |
Bring tax reforms to spur industrial growth, says CII
June 25th, 2009 - 4:50 pm ICT by IANS
New Delhi, June 25 (IANS) The Confederation of Indian Industry (CII) has called for tax reforms like unifying various cesses and surcharges into a single corporate tax, allow higher depreciation and remove ... Read more...
Posted in Business |
India needs investment budget to beat slowdown: CII
June 1st, 2009 - 9:51 pm ICT by IANS
New Delhi, June 1 (IANS) India's budget 2009-10 should be an "investment budget" to help the the country tide over the economic slowdown, said the Confederation of Indian Industry's (CII) pre-budget recommendations, ... Read more...
Posted in Business |
Turmoil in Nepal hitting Indian investors: FICCI
May 6th, 2009 - 6:54 pm ICT by IANS
New Delhi, May 6 (IANS) There is a sense of insecurity among Indian investors in Nepal as the country drifts towards political turmoil, the Federation of Indian Chambers of Commerce and Industry ... Read more...
Posted in Business |
Britain’s finance sector to lose 15,000 jobs
January 13th, 2009 - 5:27 am ICT by IANS
London, Jan 13 (Xinhua) Britain's finance sector would lose about 15,000 jobs in the next two months as sharp fall in income and profit starts to take its toll, a new study ... Read more...
Posted in World |
Tata-owned Corus to axe 400 jobs
November 7th, 2008 - 11:18 am ICT by IANS
London, Nov 7 (IANS) Corus, owned by the Tata Steel Group, has announced plans to cut 400 jobs at its distribution arm, saying it had been operating in a "volatile and fluctuating" ... Read more...
Posted in Uncategorized |
BOC India posts Rs.218.7 mn net profit
October 23rd, 2008 - 7:57 pm ICT by IANS
Kolkata, Oct 23 (IANS) Industrial gases supplier BOC India Ltd has posted net profit of Rs.218.7 million for the quarter ended September 30, up from Rs.70.8 million of the corresponding period of ... Read more...
Posted in Business |
TATA suspends work at Singur
September 2nd, 2008 - 9:46 pm ICT by ANI
Kolkata, Sep 2 (ANI): TATA Motors on Tuesday suspended work at Singur, and said that said it was looking for alternate options to manufacture its small car Nano from companys other ... Read more...
Posted in National |
India’s first mega private power plant to go commercial
July 27th, 2008 - 9:47 pm ICT by IANS
New Delhi, July 27 (IANS) India's first mega-power project in the private sector will be fully commercial by Aug 15, Minister of State of Commerce and Power Jairam Ramesh announced in Chhattisgarh ... Read more...
Posted in Business |
India’s inflation now at 11.91 percent (Roundup)
July 17th, 2008 - 8:09 pm ICT by IANS
New Delhi, July 17 (IANS) India's annual rate of inflation inched closer to the 12-percent mark at 11.91 percent for the week ended July 5 from 11.89 percent for the week before, ... Read more...
Posted in Business |
Railways will take over Bharat Wagons
June 26th, 2008 - 7:47 pm ICT by IANS
New Delhi, June 26 (IANS) The Cabinet Committee on Economic Affairs Thursday cleared the take over of the Bharat Wagons and Engineering Ltd (BWEL) by the ministry of railways from the department ... Read more...
Posted in Business |