Sensex closes 147 points down over political uncertainties (Lead)
September 20th, 2012 - 8:29 pm ICT by IANS
Mumbai, Sep 20 (IANS) A benchmark index of Indian equities markets Thursday closed 147 points lower amid political uncertainties arising out of the government's decision to hike diesel ... Read more...
Posted in Business |
Retail inflation rises to 10.3 percent in August
September 18th, 2012 - 3:37 pm ICT by IANS
New Delhi, Sep 18 (IANS) India's retail inflation rose to double digits at 10.3 percent in August as compared to 9.86 percent in the previous month owing to a sharp ... Read more...
Posted in Business |
Goa businessmen look to Australia for tourism development
August 24th, 2012 - 7:38 pm ICT by IANS
Panaji, Aug 24 (IANS) Australian firms could soon partner Goa for using its waterways and jungles for tourism purposes, a top official of the Goa Chamber of Commerce and Industry ... Read more...
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RBI to float global tender on polymer bank notes
August 24th, 2012 - 6:27 pm ICT by IANS
Shillong, Aug 24 (IANS) The Reserve Bank of India (RBI) would soon float global tender for introducing polymer currency notes, Deputy Governor K.C. Chakrabarty said Friday."We have already submitted our ... Read more...
Posted in Business |
India has not withdrawn from Vietnamese oil block: Minister
August 18th, 2012 - 6:15 pm ICT by IANS
New Delhi, Aug 18 (IANS) India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally ... Read more...
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Toyota forges ahead, Ford goes on the reverse in July
August 1st, 2012 - 6:04 pm ICT by IANS
Chennai, Aug 1 (IANS) Powered by its utility vehicle models Innova and Fortuner, Japanese-Indian joint venture Toyota Kirloskar Motor clocked seven percent sales growth last month.In a statement Wednesday, Toyota ... Read more...
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UP to provide broadband service to all panchayats
July 31st, 2012 - 3:57 pm ICT by IANS
Lucknow, July 31 (IANS) The Uttar Pradesh government Tuesday decided to go ahead with the National Optical Fibre Network (NOFN) project under which all village panchayats (councils) in the state ... Read more...
Posted in Sci-Tech |
Jharkhand budget for 2012-13 pegged at Rs.37,113 crore
March 15th, 2012 - 7:19 pm ICT by IANS
Ranchi, March 15 (IANS) Jharkhand Deputy Chief Minister Hemant Soren Thursday tabled a Rs.37,113 crore budget for the 2012-2013 financial year in the state assembly, focussing on economic and ... Read more...
Posted in Business |
Third supplementary budget presented in Jharkhand
March 13th, 2012 - 7:54 pm ICT by IANS
Ranchi, March 13 (IANS) Jharkhand Deputy Chief Minister Hemant Soren, who holds the finance portfolio, Tuesday presented another supplementary budget of Rs.798.96 crore in the state assembly.The government did not ... Read more...
Posted in Business |
Reliance Infra quarterly operating income rises 66 percent
February 14th, 2012 - 8:29 pm ICT by IANS
Mumbai, Feb 14 (IANS) Reliance Infrastructure Tuesday posted a 66 percent rise in operating income at Rs.6,130 crore for the quarter ended Dec 31 against Rs.3,686 crore during the like ... Read more...
Posted in Business |
Norwegian minister meets Sibal, discusses Telenor issue
February 7th, 2012 - 7:06 pm ICT by IANS
New Delhi, Feb 7 (IANS) Continuing with the diplomatic drive to secure state-owned Telenor's $3 billion investment in India, a key Norwegian minister met Communications Minister Kapil Sibal Tuesday and ... Read more...
Posted in Business |
General Motors showcases two new vehicles
January 6th, 2012 - 7:06 pm ICT by IANS
New Delhi, Jan 6 (IANS) US auto major General Motors Friday unveiled two vehicles - a premium hatchback Sail and a multi-purpose vehicle (MPV) concept - under its Chevrolet brand ... Read more...
Posted in Business |
Rourkela Steel records highest ever December production
January 3rd, 2012 - 7:24 pm ICT by IANS
Bhubaneswar, Jan 3 (IANS) Rourkela Steel Plant, a unit of the state-run Steel Authority of India Limited (SAIL), Tuesday said it registered the highest ever hot metal and crude ... Read more...
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Havells’ China joint venture to make green lighting goods
December 26th, 2011 - 8:07 pm ICT by IANS
Mumbai, Dec 26 (IANS) Havells India Monday said it has entered into a joint venture with China-based Shanghai Yaming Lighting to produce energy efficient and green lighting goods for ... Read more...
Posted in Business |
Reliance Communications launches free calling offer schemes
November 2nd, 2010 - 3:40 pm ICT by IANS
New Delhi, Nov 2 (IANS) Reliance Communications Tuesday launched two schemes offering free calling between 11 p.m. to 6 a.m. for its subscribers during this festival season.The company is offering its new ... Read more...
Posted in Business |
Iran asks ONGC-Hinduja to make up mind on Pars gas field
November 1st, 2010 - 8:58 pm ICT by IANS
New Delhi, Nov 1 (IANS) Iranian oil firm Petropars has set a year-end deadline for ONGC-Hinduja consortium to decide on participation in a $7.5 billion gas field in the Persian Gulf.Speaking ... Read more...
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Diesel price to be decontrolled in due course: Deora
November 1st, 2010 - 8:26 pm ICT by IANS
New Delhi, Nov 1 (IANS) Petroleum Minister Murli Deora Monday said the government is considering decontrolling diesel prices and asserted that freeing of petrol prices and raising of diesel prices have not ... Read more...
Posted in Business |
High oil prices will fuel renewable energy growth: Abdullah
October 29th, 2010 - 4:51 pm ICT by IANS
New Delhi, Oct 29 (IANS) High prices of fossil fuel, especially oil and gas, have forced energy-starved nations like India to focus on production and use of renewable energy, Minister of New ... Read more...
Posted in Business |
Volkswagen India signs MoU with Rayat Bahra group
October 27th, 2010 - 8:49 pm ICT by IANS
Chandigarh, Oct 27 (IANS) Volkswagen India Wednesday signed a memorandum of understanding (MoU) with a Punjab-based education group Rayat Bahra, under which the auto firm will impart technical training to engineering students.Volkswagen ... Read more...
Posted in Business |
Diesel price deregulation not now: Oil secretary
October 27th, 2010 - 7:47 pm ICT by IANS
New Delhi, Oct 27 (IANS) The government is not planning to deregulate diesel price now, as such a move will raise prices and push inflation up, Petroleum Secretary S. Sundareshan said here ... Read more...
Posted in Business |
Food inflation still high: Ahluwalia
October 21st, 2010 - 8:03 pm ICT by IANS
New Delhi, Oct 21 (IANS) Planning Commission Deputy Chairman Montek Singh Ahluwalia Thursday termed food inflation, which fell nearly by a percentage point to 15.53 percent as of October 9, as "still ... Read more...
Posted in Business |
Coca Cola India posts 17th consecutive quarterly growth
October 19th, 2010 - 8:46 pm ICT by IANS
New Delhi, Oct 19 (IANS) Global beverages giant Coca Cola posted strong quarterly growth for the quarter ended Sep 30 in India despite a rather lengthy rainy season.Beverage sales are typically lower ... Read more...
Posted in Business |
Games to spur growth by nearly $5,000 over four years
October 3rd, 2010 - 6:28 pm ICT by IANS
New Delhi, Oct 3 (IANS) The 12-day Commonwealth Games opening Sunday would spur India's economic growth by around $4,940 million in the next four years and create close to 24.7 lakh jobs, ... Read more...
Posted in Business |
India a huge market for Taiwanese LCD TV makers
October 1st, 2010 - 6:33 pm ICT by IANS
New Delhi, Oct 1 (IANS) India will soon see a surge in demand for flat-screen televisions from next year, providing a huge market to companies from Taiwan, as consumers with more disposable ... Read more...
Posted in Business |
DTC will ensure greater tax compliance: Mitra
September 29th, 2010 - 7:42 pm ICT by IANS
New Delhi, Sep 29 (IANS) The direct tax code (DTC) may result in Rs.55,000 crore revenue loss in the first year of implementation, but tax collection will increase in the subsequent years ... Read more...
Posted in Business |
Over 80 percent mid-size firms do not use advance ERP
September 26th, 2010 - 3:07 pm ICT by IANS
New Delhi, Sep 26 (IANS) The government and business associations should encourage mid-size companies to use advance Enterprise Resource Planning (ERP) system to increase efficiency and cut cost, say technology experts.
"Less ... Read more...
Posted in Business |
Coal mining will be increased to meet demand: Jaiswal
September 24th, 2010 - 6:17 pm ICT by IANS
New Delhi, Sep 24 (IANS) In a bid to increase coal production, the government will soon allow up to 20 boreholes in a square km area for coal exploration from one borehole ... Read more...
Posted in Business |
BS-III and IV petrol and diesel introduced across India
September 23rd, 2010 - 8:44 pm ICT by IANS
New Delhi, Sep 23 (IANS) India has switched over to eco-friendly Bharat Stage (BS) III and BS IV (equivalent to Euro III and Euro-IV) petrol and diesel ahead of the Oct 1 ... Read more...
Posted in Business |
Govt okays FDI proposals worth Rs.2,727 crore
September 23rd, 2010 - 7:34 pm ICT by IANS
New Delhi, Sep 23 (IANS) The government has approved 24 foreign direct investment proposals worth Rs.2,727.41 crore, including Rs.1,100 crore investment in power sector by Asian Genco Pte Ltd of Singapore. ... Read more...
Posted in Business |
GDP growth will surpass 8.75 percent target: Mukherjee
September 23rd, 2010 - 3:54 pm ICT by IANS
New Delhi, Sep 23 (IANS) The Indian economy will grow more than 8.75 percent in the current fiscal helped by strong growth in the manufacturing sector, Finance Minister Pranab Mukherjee said ... 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 |
Vellayan is new chairman for Fertiliser Association of India
September 22nd, 2010 - 9:30 pm ICT by IANS
Chennai, Sep 22 (IANS) The Chairman of $3.3 billion Murugappa Group, A. Vellayan, Wednesday took over as new chairman of the Fertiliser Association of India (FAI).
Vellayan has been on the Board ... Read more...
Posted in Business |
India to raise its concern over protectionism at G-20 meet
September 17th, 2010 - 6:50 pm ICT by IANS
New Delhi, Sep 17 (IANS) India will raise its concern over the increasing protectionist policies in the United States at the upcoming G-20 meeting, Finance Minister Pranab Mukherjee said Friday.
"G-20 needs ... Read more...
Posted in Business |
Sensex closes 177 points up at 19,595
September 17th, 2010 - 6:50 pm ICT by IANS
Mumbai, Sep 17 (IANS) A benchmark index for Indian equities rose 177 points Friday on the back of strong economic growth outlook and positive global cues.
The 30-scrip sensitive index (Sensex) ... Read more...
Posted in Business |
Govt okays 11 special economic zones
September 16th, 2010 - 7:28 pm ICT by IANS
New Delhi, Sep 16 (IANS) The government Thursday approved 11 new special economic zones, five of which are related to information technology and based in Karnataka.
Wipro has got the approval to ... Read more...
Posted in Business |