Input costs, lack of reforms hit India Inc. business confidence
August 12th, 2012 - 5:14 pm ICT by IANS
New Delhi, Aug 12 (IANS) Most in India Inc. expect stagnancy or decline in their business activities in July-September period due to high cost of borrowings, unfavourable macro-economic condition and ... Read more...
Posted in Business |
‘China’s foreign trade outlook grim’ (Lead)
May 15th, 2012 - 3:55 pm ICT by IANS
Beijing, May 15 (IANS) The outlook for China's foreign trade remained grim but the full-year target of a 10-percent rise is still achievable, authorities said Tuesday.The country might register a ... Read more...
Posted in Business |
Exide Q4 net profit dips 12.9 percent
April 30th, 2012 - 10:28 pm ICT by IANS
Kolkata, April 30 (IANS) Exide Industries, the biggest storage battery producing company in India, Monday reported 12.9 percent slide in its net profit in the quarter ended March 31, 2012 ... Read more...
Posted in Business |
Business confidence recovering but concerns remain: CII
April 29th, 2012 - 1:49 pm ICT by IANS
New Delhi, April 29 (IANS) Most Indian firms have recovered business confidence, but stagnancy in reforms, high interest rates and increased raw material costs still remain top concerns, according to ... Read more...
Posted in Business |
Tata Steel posts Rs.6 billion Q3 net loss
February 9th, 2012 - 11:42 pm ICT by IANS
Kolkata, Feb 9 (IANS) India's biggest steel maker Tata Steel Thursday reported a consolidated net loss of Rs 6.03 billion for the quarter ended December 2011, against a net profit ... Read more...
Posted in Business |
Mahindra to hike XUV500 models’ price from next month
December 28th, 2011 - 11:01 pm ICT by IANS
Mumbai, Dec 28 (IANS) Automobile manufacturer Mahindra and Mahindra Wednesday said it would raise prices of its newly launched XUV500 sport utility vehicle from Jan 1, 2012, due to increase ... Read more...
Posted in Uncategorized |
Kerala distilleries seek hike in liquor prices
December 20th, 2011 - 5:17 pm ICT by IANS
Thiruvananthapuram, Dec 20 (IANS) Even as sales of liquor and revenue earned by way of taxes on it are going up in Kerala, the 11 distilleries in the state are ... Read more...
Posted in Business |
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 |
Tata Steel expects fall in raw material prices
November 12th, 2011 - 4:47 pm ICT by IANS
Kolkata, Nov 12 (IANS) Tata Steel Saturday said it expects raw material prices to come down in the third quarter of this fiscal and demand for steel to be steady ... Read more...
Posted in Business |
Chandy asks liquor firms not to stop supplies
August 24th, 2011 - 7:18 pm ICT by IANS
Thiruvananthapuram, Aug 24 (IANS) Kerala chief minister Oommen Chandy Wednesday asked all liquor distilleries in the state not to stop supply and sought time for the government to look into ... Read more...
Posted in Business |
Berger Paints to infuse Rs.100 crore to hike production
August 2nd, 2011 - 11:30 pm ICT by IANS
Kolkata, Aug 2 (IANS) Aiming to double its installed capacity in the next two fiscals, Berger Paints plans to pump in Rs.100 crore in 2011-12 to ramp up production, a ... Read more...
Posted in Business |
Rising inflation may affect India’s growth: Deloitte
April 6th, 2011 - 4:39 pm ICT by IANS
New Delhi, April 6 (IANS) Rising prices of crude oil, food items and poor industrial growth are the biggest threat to India's nine percent growth target, according to a study ... Read more...
Posted in Business |
Work suspended at Dunlop factory in Bengal
April 4th, 2011 - 10:02 pm ICT by IANS
Kolkata, April 4 (IANS) Tyre-maker Dunlop's factory in Sahagunj area of West Bengal's Hooghly district is facing a turmoil after the management put up a suspension of work notice, ... Read more...
Posted in Uncategorized |
Carborundum Universal’s profit logs 56 percent Q3 growth
January 27th, 2011 - 10:41 pm ICT by IANS
Chennai, Jan 27 (IANS) City-based abrasives major Carborundum Universal Ltd (CUMI) posted a 25 percent growth in its consolidated sales and 56 percent net profit for the third quarter ending Dec 31.Part ... Read more...
Posted in Business |
Christmas toy makers in China in dire straits
December 25th, 2010 - 4:48 pm ICT by IANS
Beijing, Dec 25 (IANS) Chinese manufacturers who supply 60 percent of the world's Christmas toy products are in dire straits as rising labour and material costs as well as the appreciation of ... Read more...
Posted in Business |
Toyota raises prices by 1.50 percent
September 30th, 2010 - 9:19 pm ICT by IANS
New Delhi, Sep 30 (IANS) Japanese automobile major Toyota's Indian subsidiary Thursday said it is increasing prices of its key models Innova, Corolla and Sports Utility Vehicle (SUV) Fortuner, from Oct 1."The ... Read more...
Posted in Business |
Kumartuli idol-makers face rising labour and input costs
September 13th, 2010 - 1:33 pm ICT by IANS
By Aparajita Gupta
Kolkata, Sep 13 (IANS) Costs of organising Durga Puja have gone up this year as idol-makers in the city spend more on increased labour and raw material costs which in ... Read more...
Posted in Business |
Demand lifts Electrolux Q2 profits
July 19th, 2010 - 2:57 pm ICT by IANS
Stockholm, July 19 (DPA) Higher demand in several markets including North America helped lift second-quarter earnings, Swedish home appliance maker Electrolux said Monday.
Net profit, excluding items affecting comparability, was 1.1 billion kronor ... Read more...
Posted in Business |
High credit and raw material costs affecting small firms: CII
June 20th, 2010 - 3:14 pm ICT by IANS
New Delhi, June 20 (IANS) High costs of credit and procurement of raw materials are the major factors inhibiting the growth of small and medium enterprises, a survey has found.
The ... Read more...
Posted in Business |
Kolkata airport modernisation cost up by 20 percent
March 31st, 2010 - 12:43 am ICT by IANS
Kolkata, March 30 (IANS) The modernisation cost for Netaji Subash Chandra Bose International (NSCBI) Airport has gone up by around 20 percent from Rs.1,942 crore to Rs.2,325 crore, an Airports Authority of ... Read more...
Posted in Business |
Bajaj Auto net profit jumps two-fold
February 2nd, 2010 - 5:08 pm ICT by IANS
Mumbai, Feb 2 (IANS) Two-wheeler manufacturer Bajaj Auto Tuesday reported a 189.2 percent increase in net profit to Rs.475.14 crore for the quarter ended Dec 31 against Rs.164.27 crore in the corresponding ... Read more...
Posted in Business |
Maruti unveils new concept six-seater car
January 5th, 2010 - 1:53 pm ICT by IANS
New Delhi, Jan 5 (IANS) The country's largest passenger car manufacturer Maruti Suzuki India Ltd Tuesday showcased a concept prototype of its six-seater family car at the 10th Auto Expo here and ... Read more...
Posted in Sci-Tech |
Home appliance maker Electrolux nearly doubles Q3 earnings
October 26th, 2009 - 4:23 pm ICT by IANS
Stockholm, Oct 26 (DPA) Swedish home appliance maker Electrolux topped analyst projections Monday, reporting nearly-doubled third-quarter earnings.
The group posted a pre-tax profit of 2.2 billion kronor ($324 million), compared to 1.2 billion ... Read more...
Posted in Business |
Bajaj Auto net slips 13.2 percent
May 21st, 2009 - 5:32 pm ICT by IANS
Mumbai, May 21 (IANS) The country's second largest two-wheeler maker, Bajaj Auto, Thursday reported a 13.2-percent decline in net profit for 2008-09 while managing a 7.8 percent increase in fourth quarter profitability.
The ... Read more...
Posted in Business |
Textile industry slumps Tamil Nadu
November 26th, 2008 - 3:38 pm ICT by ANI
Coimbatore, Nov 26 (ANI): The capacity utilization of the textile industry in Tamil Nadu, hit by the ongoing slump in the demand in international markets and the acute power shortage, has ... Read more...
Posted in Life Style |
Hit by slowdown, Orissa steelmakers seek bailout
November 5th, 2008 - 2:20 pm ICT by IANS
Bhubaneswar, Nov 5 (IANS) Orissa's sponge iron industry has been hit hard by the economic slowdown, notwithstanding a rush for new projects in the state, forcing existing players to cut production and ... Read more...
Posted in Uncategorized |
Chhattisgarh sponge iron units facing closure
November 3rd, 2008 - 6:12 pm ICT by IANS
Raipur, Nov 3 (IANS) Dozens of sponge iron units in Chhattisgarh are facing closure due to recession and high raw material costs, industry officials said Monday. The public sector National Mineral Development ... Read more...
Posted in Business |
For hands that build Durga idols, nothing has changed
October 11th, 2008 - 9:55 am ICT by IANS
Kolkata, Oct 11 (IANS) Narrow, murky lanes, leaking roofs and filth are their daily companions. For some, the houses are so dingy that even a few rays of the sun are hard ... Read more...
Posted in National |
Paper industry hit by rising manufacturing costs
July 27th, 2008 - 2:54 pm ICT by IANS
Agra, July 27 (IANS) The Indian paper industry is faced with rising manufacturing costs and increasing tax-related complexities, dealers said at an ongoing national conference that began here Saturday. Manufacturing costs had ... Read more...
Posted in Business |