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Last Updated: May 15, 2007 - 7:22:41 PM |
India Business
Raja to focus rural telephony, foreign investment
New Delhi, May 16 - India's new Communications and IT Minister A.Raja Wednesday promised to look into doing away with roaming charges for mobile phone users which was on the agenda of his predecessor Dayanidhi Maran.
May 16, 2007 - 11:41:52 AM
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India Business
Infotech takes majority stake in Geospace Integra
Hyderabad, May 15 - Global IT service firm Infotech Enterprises Limited Tuesday announced that it has taken a majority stake in Hyderabad-based Geospatial Integrated Solutions Pvt Limited - to explore geo-spatial business opportunities in India and the Middle East.
May 15, 2007 - 11:13:51 PM
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India Business
Industrialist Charat Ram dies
New Delhi, May 15 - Charat Ram, a leading industrialist, philanthropist and member of one of the best-known business families in the capital, died Tuesday at the age of 89, family sources said.
May 15, 2007 - 11:13:27 PM
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India Business
Reebok to give away 10,000 shoes to promote running
New Delhi, May 15 - Reebok, one of the world's leading sports brands, Tuesday launched its global movement 'Run Easy', aiming to 'redefine' people's views on running.
May 15, 2007 - 10:03:36 PM
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India Business
Raymond to double up retail network
Kolkata, May 15 - Raymond, one of India's leading textile and apparel companies, has geared up to double its garment retailing chain across the world in three years.
May 15, 2007 - 9:55:15 PM
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India Business
India may bar entry for Russian, Malaysian carriers
New Delhi, May 15 - India's civil aviation watchdog has asked its Malaysian and Russian counterparts to state why their carriers should not be barred entry into Indian airspace when its own airlines were being denied reciprocal entry.
May 15, 2007 - 9:30:07 PM
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India Business
Nok Air woos Indians to Bangkok on shopping spree
Bangalore, May 15 - 'Shop till you drop' is the catch line of Nok Air, the Thai budget carrier, which has made Bangalore its first overseas destination to fly Indians to Bangkok on a shopping spree.
May 15, 2007 - 8:05:52 PM
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India Business
Reliance announces new gas discoveries
Mumbai, May 15 - India's private sector behemoth Reliance Industries Limited - Tuesday announced two new gas discoveries, one each on the east coast and the west coast of the country.
May 15, 2007 - 7:03:31 PM
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India Business
Joint UAE-Kerala working group proposed for investments
Thiruvananthapuram, May 15 - A high-level joint working group between the United Arab Emirates and Kerala is to be formed to open the way for investments from the UAE, especially in the field of petrochemicals and power, a senior official said Tuesday.
May 15, 2007 - 7:02:46 PM
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India Business
MPs demand steep hike in MPLAD fund
New Delhi, May 15 - Parliamentarians Tuesday made an unsuccessful attempt to make the government promise a steep hike in their local area development funds. But Speaker Somnath Chatterjee, in view of the several house adjournments, suggested that they should propose 'no work; no pay' instead.
May 15, 2007 - 6:49:57 PM
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India Business
Manufacturing sector posts 14 percent growth
New Delhi, May 15 - India's manufacturing sector registered the highest growth in over a decade at 14.1 percent in March 2007, up from 10.1 percent in the same month of the previous year, the commerce and industry ministry said Tuesday.
May 15, 2007 - 6:25:36 PM
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India Business
Raja appointed communications and IT minister
New Delhi, May 15 - Environment and Forests Minister A. Raja was Tuesday appointed communications and information technology minister following the resignation of his DMK party colleague Dayanidhi Maran from the council of ministers.
May 15, 2007 - 6:20:23 PM
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India Business
Nautilus awarded record $1 million order by Talwalkars
Mumbai, May 15, 2007 - US-based fitness giant Nautilus has been awarded a record order worth over $1 million by Talwalkars, India's largest chain of health centres. This is the biggest ever order placed with a single fitness equipment company in India.
May 15, 2007 - 4:38:10 PM
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India Business
No manipulation of Indian stocks by terrorists: Chidambaram
New Delhi, May 15 - The government has put in place a mechanism to monitor money laundering and there are no instances of terrorists' money being laundered in the Indian stock market, Finance Minister P. Chidambaram said Tuesday.
May 15, 2007 - 4:36:19 PM
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India Business
Aviva launches 'Dhan Vriddhi'
Kolkata, May 15 - Aviva Life Insurance - the Britain-based insurance major, launched its non Unit Linked Investment Plan - - Aviva Dhan Vriddhi - in India Tuesday.
May 15, 2007 - 4:35:04 PM
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India Business
11 Indian firms to set up manufacturing units in China
New Delhi, May 15 - Eleven Indian companies, which were part of a 35-member business delegation to China, have entered into an agreement with Chinese business interest to set up manufacturing facilities and offices there with a total investment of $5 billion, said a leading industry body.
May 15, 2007 - 3:10:04 PM
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India Business
Draft bill to amend Companies Act under preparation
New Delhi, May 15 - A draft bill to amend the Companies Act, 1956, is under preparation based on the recommendations of an expert committee and would be introduced in parliament soon, the Rajya Sabha was informed Tuesday.
May 15, 2007 - 2:24:15 PM
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India Business
Spanish firm prefers India to China for joint venture
Bangalore, May 15 - A leading Spanish manufacturer of printed circuit boards - has opted to set up its first overseas joint venture in India with an eye on the growing domestic demand and huge export potential.
May 15, 2007 - 12:29:23 PM
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India Business
Only foreign vacations please: Outbound travel booms
New Delhi, May 15 - Going to the hills of Shimla for a break is a thing of the past and wandering in the palaces and havelis of Rajasthan is passe. For a good chunk of neo middle class India, the definition of holidaying today is essentially 'travelling abroad'.
May 15, 2007 - 11:12:26 AM
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India Business
New twist in Gurgaon SEZ protest
Chandigarh, May 14 - The village body of Manesar in Haryana's Gurgaon district Monday alleged that the protest by villagers against Reliance Industries' special economic zone - project there was led by 'outsiders' and anti-social elements.
May 14, 2007 - 10:49:19 PM
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India Business
Indian Inc leaders to head for Cannes
New Delhi, May 14 - Captains of the Indian industry are all set to head for the Cannes Film Festival beginning this week to promote the country's entertainment industry and explore business opportunities.
May 14, 2007 - 9:11:01 PM
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India Business
SBI Mutual Fund to tap infrastructure opportunities
Kolkata, May 14 - State Bank of India Mutual Fund -, one of the leading mutual fund companies, will tap emerging opportunities in the booming infrastructure sector in India with the launch of a new fund.
May 14, 2007 - 8:32:55 PM
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India Business
Probe ordered on tax breaks of Tendulkar, Gavaskar
New Delhi, May 14 - Income tax exemptions claimed by top cricketer Sachin Tendulkar and former captain Sunil Gavaskar have come under the scanner of the Comptroller and Auditor General of India -, the independent watchdog on government finances.
May 14, 2007 - 8:00:56 PM
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India Business
BIG 92.7 FM to promote 'Jhoom Baraabar' songs
New Delhi, May 14 - BIG 92.7 FM station, an on-air partner for Yash Raj Films forthcoming venture 'Jhoom Baraabar Jhoom', will Tuesday air the songs from the film in a promotional venture.
May 14, 2007 - 7:48:40 PM
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India Business
Sun Micro, Tech Mahindra join hands for IPTV services
Mumbai, May 14 - Leading IT firm Sun Microsystems India and telecom software major Tech Mahindra Monday announced a strategic alliance to roll out cost-effective and efficient Internet protocol television - services in the Indian and Asia Pacific markets.
May 14, 2007 - 7:06:31 PM
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India Business
Karnataka withdraws ban on nightshift for women
Bangalore, May 14 - The Karnataka government Monday decided to withdraw the controversial ban on nightshift for women in shops and commercial establishments.
May 14, 2007 - 6:31:41 PM
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India Business
Industry urges government to allow FDI in education
New Delhi, May 14 - Pointing to the lack of infrastructure and quality teachers, industry leaders Monday urged the government to 'bury the fear of East India Company' and allow foreign direct investment - in education.
May 14, 2007 - 6:21:07 PM
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India Business
Achuthanandan has delayed Smart City project: Chandy
Thiruvananthapuram, May 14 - Former Kerala chief minister Oommen Chandy said Monday that the Smart City project, inked a day earlier by the state government and Dubai Internet City -, was their baby and the present government had only delayed the Rs.15 billion --IT project by two years.
May 14, 2007 - 6:20:02 PM
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India Business
Fernandes takes up cause against Reliance Fresh stores
Ranchi, May 14 - Attacks on the three Reliance Fresh stores here took a new twist Monday when former defence minister George Fernandes came in support of the protesting vegetable vendors.
May 14, 2007 - 6:02:12 PM
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India Business
Now Reliance colour phones for just Rs.1,234!
New Delhi, May 14 - Reliance Communications - Monday launched a range of colour mobile phones for as low as Rs.1,234 soon after it launched handsets costing just Rs.777 in the monochrome range.
May 14, 2007 - 5:41:33 PM
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India Business
Poor farm growth cause for rural distress: PM
New Delhi, May 14 - Terming the poor farm output growth a cause for 'rural distress' and concerned over suicides by farmers, Prime Minister Manmohan Singh Monday called for a short-term plan and state-specific focus on agriculture.
May 14, 2007 - 4:41:08 PM
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India Business
Record public equity mobilisation by Indian firms
New Delhi, May 14 - Indian companies mobilised a record amount from public equity issues in fiscal 2006-07, raising Rs.249.93 billion - in the process, which was 5 percent higher than in the previous year.
May 14, 2007 - 4:38:42 PM
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India Business
ONGC to invest Rs.100 bn for exploration in northeast
Agartala, May 14 - The state-owned Oil and Natural Gas Corporation - Monday said it would invest more than Rs.100 billion in four northeastern states - Assam, Nagaland, Tripura and Mizoram - for exploration of gas and oil.
May 14, 2007 - 4:37:49 PM
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India Business
Now Reliance colour phones for Rs.1,234!
New Delhi, May 14 - Leading mobile phone operator Reliance Communications - Monday launched a range of colour mobile phones for as low as Rs.1,234 soon after it launched handsets worth Rs.777 in the monochrome range.
May 14, 2007 - 4:35:31 PM
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India Business
Fernandes comes in support of vegetables vendors
Ranchi, May 14 - Saturday's attacks on the three Reliance Fresh Shops here took a new twist Monday when former defence minister and Janata Dal United - leader George Fernandes opened front in favour of the protesting vegetables vendors.
May 14, 2007 - 4:18:32 PM
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India Business
Dubai expertise for Rajasthan townships, theme parks
Jaipur, May 14 - The Dubai government will soon send a technical team to Rajasthan to give their expertise and scout for locations for developing integrated townships, theme parks and convention centres in the state.
May 14, 2007 - 3:22:56 PM
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India Business
Maran's tenure saw Indian telecom's growth blossom
New Delhi, May 14 - His proximity to DMK chief M. Karunanidhi secured IT and Communications Minister Dayanadhi Maran a berth in Prime Minister Manmohan Singh's cabinet. And this proximity again cost him the job he landed in his very first term as an MP.
May 14, 2007 - 2:21:12 PM
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India Business
Himachal to sell power to Delhi, Punjab
Shimla, May 14 - Power surplus Himachal Pradesh is to sell 700 million units of electricity to deficit states of Delhi and Punjab this summer for Rs.2 billion.
May 14, 2007 - 1:37:36 PM
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India Business
Jindal's 1,000 mw power plant set to begin generation
Raipur, May 14 - Jindal Power Ltd. will formally begin phase-wise commissioning of its much-awaited 1,000 mw Tumnar power plant in Chhattisgarh in July, a company official said Monday.
May 14, 2007 - 1:36:24 PM
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India Business
NRI ties up with London firm for Bengal mini-townships
Kolkata, May 14 - Foreign investment in the booming real estate sector of West Bengal gets a boost with a London-based company joining hands with an NRI entrepreneur to invest $20 million in two mini-townships here.
May 14, 2007 - 12:37:18 PM
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India Business
India hopes to export reactors if n-deal goes through
Kaiga -, May 14 - Although the road to the much talked about Indo-US civil nuclear deal remains bumpy, India's nuclear industry hopes to cash in if it finally goes through.
May 14, 2007 - 8:00:05 AM
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India Business
Telecom industry jittery over Maran expulsion move
New Delhi, May 13 - A DMK committee's recommendation Sunday night to remove Communications and IT Minister Dayanidhi Maran from the union cabinet has not gone down well with the telecom industry.
May 13, 2007 - 10:37:19 PM
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India Business
Ensure peace, Jharkhand told after Reliance Fresh protests
Ranchi, May 13 - The Prime Minister's Office - Sunday asked the law and order agencies in Jharkhand to ensure peace and calm a day after the protests by vegetable vendors over the opening of Reliance Fresh shops here turned violent.
May 13, 2007 - 6:45:40 PM
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India Business
Smart City deal inked: to firm ties between Kerala and Middle East
Thiruvananthapuram, May 13 - The much-delayed Rs.15 billion --Smart City project between the Kerala government and Dubai Internet City -, aiming to put Kerala on the global IT map, was inked here Sunday.
May 13, 2007 - 6:25:18 PM
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India Business
Raje seeks foreign investment for Rajasthan
Jaipur, May 13 - Inaugurating India Festival 2007 in Dubai, Rajasthan Chief Minister Vasundhara Raje has invited the international business community to invest in her state.
May 13, 2007 - 5:18:18 PM
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India Business
PMO speaks to Koda over vendor-Reliance row
Ranchi, May 13 - The Prime Minister's Office - has asked Jharkhand Chief Minister Madhu Koda to look into the angry protests by vegetable vendors over the opening of retail shops by corporate house Reliance here even as 13 people were arrested for Saturday's violence.
May 13, 2007 - 5:02:46 PM
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India Business
Watchmaker Kamla Dials acquires Swiss company
Mumbai, May 13 - India's leading manufacturer of watch dials Kamla Dials and Devices Ltd - has announced the acquisition of a manufacturing unit in Switzerland to cater to the high-end requirement of watch dials of well known Swiss watch brands.
May 13, 2007 - 4:57:03 PM
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India Business
Finally, Smart City project inked
Thiruvananthapuram, May 13 - The much-awaited Rs.15 billion --Smart City project between the Kerala government and Dubai Internet City -, aimed to put Kerala on the global IT map, was inked here Sunday.
May 13, 2007 - 3:48:33 PM
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India Business
India's defence exports to reach $30 bn by 2012
New Delhi, May 13 - India's import of military hardware and software is all set to reach $30 billion within the next five years as its armed forces lap up major defence deals, said a leading industry body.
May 13, 2007 - 12:41:41 PM
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India Business
Prime Minister to chair crucial plan panel meet Monday
New Delhi, May 13 - A new scheme for additional central assistance to state governments for the farm sector is likely to be announced Monday during the full Planning Commission meeting to be chaired by Prime Minister Manmohan Singh.
May 13, 2007 - 12:15:38 PM
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India Business
Darkness, dust, disease plague Rajasthan's mineworkers
Jaipur, May 13 - No toilets, no first aid boxes, no weekly offs, no safety provisions and, to top it all, the dangerous mineral dust-laden air...The inhuman conditions under which over two million mineworkers in Rajasthan toil away every day is heartrending.
May 13, 2007 - 10:20:01 AM
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India Business
Darkness, dust, disease plague Rajasthan's mineworkers
Jaipur, May 13 - No toilets, no first aid boxes, no weekly offs, no safety provisions and, to top it all, the dangerous mineral dust-laden air...The inhuman conditions under which over two million mineworkers in Rajasthan toil away every day is heartrending.
May 13, 2007 - 10:20:01 AM
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India Business
Sealing violating our fundamental rights: traders
New Delhi, May 12 - Hundreds of traders held a 'Maha Panchayat' - in the capital Saturday and said that the ongoing sealing drive in the city is a violation of their fundamental rights.
May 12, 2007 - 10:05:40 PM
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India Business
Protesters booked for detaining Posco employees
Jagatsinghpur -, May 12 - Police Saturday registered a criminal case against a group of villagers for wrongfully detaining for hours four employees of South Korean steel major Posco as part of their protests against the firm's plans to set up a plant in Orissa.
May 12, 2007 - 10:04:35 PM
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India Business
Fiji woos Indian tourists
New Delhi, May 12 - A high-level delegation from Fiji is currently in India to promote the south Pacific Ocean island as a preferred destination for Indian tourists, promising Fiji 'has so much more'.
May 12, 2007 - 4:56:12 PM
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India Business
Vegetables sellers attack Reliance Fresh shops, dozen injured
Ranchi, May 12 - More than a dozen vegetables sellers, mostly women, were injured Saturday when police cane charged a mob protesting the opening of vegetables shops by Reliance Fresh here.
May 12, 2007 - 4:10:40 PM
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India Business
Indian equities end lower after five weeks of gains
Mumbai, May 12 - Despite net purchases by both domestic and foreign funds, Indian equities finished lower during the week ended Friday to snap four straight weeks of gains as bears held a firm grip on the market amid sharp volatility.
May 12, 2007 - 1:18:16 PM
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India Business
Cairn to set up enterprise centre in Rajasthan
Jaipur, May 12 - The Rajasthan government will provide office buildings and land to energy major Cairn India for setting up an enterprise centre that will promote vocational skill development in Barmer in Rajasthan.
May 12, 2007 - 12:51:15 PM
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India Business
India should check consumption to save ecology: US expert
Kolkata, May 12 - The rapid pace of industrialisation in India could subsequently create ecological imbalances unless use of green energy and a check in consumption are emphasised upon, a US-based environmental historian said here.
May 12, 2007 - 12:18:24 PM
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India Business
Posco employees released after undertaking
Bhubaneswar, May 12 - Four local employees of South Korean steel major Posco, taken hostage by villagers protesting the construction of a steel plant in a remote region of Orissa, were released early Saturday after they said in writing they would not enter the area again.
May 12, 2007 - 11:41:00 AM
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India Business
Orissa protestors release Posco officials
Bhubaneswar, May 12 - The employees of South Korean steel major Posco, who were taken hostage by villagers protesting the construction of a steel plant in Orissa, were released early Saturday after they gave in writing that they would not enter the region again.
May 12, 2007 - 9:16:27 AM
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India Business
Rajasthan promotes khadi, plans US exhibition too
Jaipur, May 12 - Rajasthan is going all out to promote khadi, the humble and now increasingly trendy hand-spun cotton, in the international market and hopes to hold an exhibition of khadi products in the US.
May 12, 2007 - 8:17:20 AM
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India Business
Orissa protesters hold Posco officials hostage
Bhubaneswar, May 11 - Hundreds of villagers protesting South Korean steel major Posco's plan to set up a plant in Orissa Friday held two officials of the company hostage and damaged their vehicle, police said.
May 11, 2007 - 9:16:22 PM
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India Business
Google to expand operations in Hyderabad
Hyderabad, May 11 - Andhra Pradesh government has decided to allot 20 acres of land on the city outskirts to Google for expanding its operations.
May 11, 2007 - 9:15:12 PM
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India Business
Singapore keen to invest in Andhra Pradesh
Hyderabad, May 11 - The government of Singapore Thursday showed keen interest in exploring the possibilities of making huge investments in Andhra Pradesh, especially in the areas of construction, port development, industrial parks and biotechnology.
May 11, 2007 - 9:14:15 PM
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India Business
ISRO to launch three more commercial satellites
Bangalore, May 11 - Antrix Corporation Ltd, the marketing arm of Indian space agency ISRO, will soon sign new contracts to launch three more overseas commercial satellites in the next two years, a top official said here Friday.
May 11, 2007 - 6:58:01 PM
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India Business
Tax raids on Uflex, Himachal Futuristic called off
New Delhi, May 11 - Tax authorities Friday called off the raids on the premises of Uflex and Himachal Futuristic Communication as soon as Mulayam Singh Yadav conceded defeat in the Uttar Pradesh assembly election and decided to step down as the state's chief minister.
May 11, 2007 - 4:35:36 PM
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India Business
Vivek Lall to strengthen Boeing India operations
New Delhi, May 11 - US aerospace major Boeing Friday named Vivek Lall vice president of business development for the company's Integrated Defense System - business in India.
May 11, 2007 - 3:26:01 PM
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India Business
Benetton perfumes add fragrance to sweaty summers
New Delhi, May 11 - After chic clothes and fashion accessories, United Colors of Benetton has unveiled its new range of perfumes called 'Cotton' to make the hot, sweaty summers fresh and fragrant.
May 11, 2007 - 2:33:55 PM
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India Business
Kerala's Smart City project to be inked Sunday
Thiruvananthapuram, May 11 - The Rs.15 billion - Smart City project at Kochi would finally be inked with its developer Dubai Internet City - Sunday nearly three years of after it was first mooted, officials said Friday.
May 11, 2007 - 1:29:05 PM
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India Business
Driver crunch puts brakes on 1,400 DTC buses
New Delhi, May 11 - Hampered by a shortage of qualified drivers, 1,400 Delhi Transport Corporation - buses stay parked during the evening peak time, leading to problems for commuters and huge losses for the state-run corporation.
May 11, 2007 - 8:30:21 AM
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India Business
Income tax raids on Uflex Ltd
New Delhi, May 10 - On the eve of the Uttar Pradesh assembly election results, Income Tax department sleuths Thursday conducted raids on 10 premises of Uflex Limited and the residence of its head Ashok Chaturvedi, a close associate of Samajwadi Party leader Amar Singh.
May 10, 2007 - 11:50:15 PM
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India Business
Hindustan Motors strike ends partially
Kolkata, May 10 - Work resumed at the Hindustan Motors' Uttarpara unit, Thursday with some unions withdrawing support to the ongoing strike and the management taking back the 'suspension of operation' notice.
May 10, 2007 - 10:35:21 PM
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India Business
India's voice can help Middle East peace: Arab League
New Delhi, May 10 - The League of Arab States Thursday said India should use its 'growing weight and voice' in the international community to push the Middle East peace process and called for upgrading ties between the two sides to a new level.
May 10, 2007 - 9:28:36 PM
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India Business
Punjab National Bank international headquarters in Britain
New Delhi, May 10 - India's leading public sector lender Punjab National Bank Thursday announced the opening of its international headquarters in London to bring in financial services to the large number of NRIs residing there.
May 10, 2007 - 8:50:47 PM
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India Business
Apex court to hear plea against wheat import May 17
New Delhi, May 10 - The Supreme Court will hear next Thursday a plea by environment activist Vandana Shiva for court direction to the Union government to stop forthwith the proposed import of one million tonnes of wheat during 2007-2008.
May 10, 2007 - 8:06:54 PM
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India Business
Indian government exits Maruti car venture with Suzuki
New Delhi, May 10 - The Indian government Thursday approved the sale of its residual stake of 10.27 percent in the country's largest carmaker Maruti Udyog Ltd. - in which Japanese carmaker Suzuki Motor Co. has a majority stake.
May 10, 2007 - 8:04:11 PM
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India Business
Cairn India makes two hydrocarbon discoveries
Jaipur, May 10 - Hydrocarbons exploration major Cairn India Wednesday said it has made two discoveries one for gas and the other for oil in Rajasthan even as it had secured government's nod for a six-month extension to appraise another field in the state.
May 10, 2007 - 7:02:56 PM
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India Business
TRAI proposes lower FDI for Internet service providers
New Delhi, May 10 - In a move that could make Internet and broadband services costlier, the Telecom Regulatory Authority of India - Thursday proposed to lower foreign direct investment - for Internet service providers - from 100 to 74 percent.
May 10, 2007 - 6:53:42 PM
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India Business
Lalu Prasad offers incentives for railway freight
New Delhi, May 10 - Railway Minister Lalu Prasad Thursday offered some major concessions and incentives in freight and loading of goods in railway wagons to manufacturers and traders of coal, cement, steel, fertilisers and food grains.
May 10, 2007 - 6:31:31 PM
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India Business
Oracle to increase headcount in India
New Delhi, May 10 - Oracle India, a wholly owned subsidiary of US-based Oracle Corp., is planning to increase its headcount in India 'significantly' above its current workforce of 19,000, the company said here Thursday.
May 10, 2007 - 5:57:47 PM
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India Business
Indians, say cheese to more business with Argentina
New Delhi, May 10 - If Argentine chocolates, cheese and peanuts have delighted your taste buds, get ready to do more business with the vibrant South American country.
May 10, 2007 - 4:43:07 PM
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India Business
Dell's Indian unit to start functioning 2007 end
New Delhi, May 10 - World's largest computer maker Dell Inc. Thursday said its first manufacturing unit in India, which is coming up near Chennai, will start operating by the end of this year.
May 10, 2007 - 4:17:24 PM
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India Business
Cairn India makes two gas discoveries in Rajasthan
Jaipur, May 10 - Hydrocarbons exploration major Cairn India Wednesday said it has made two gas discoveries in Rajasthan even as it had secured government's nod for a six-month extension to appraise another field in the state.
May 10, 2007 - 3:44:10 PM
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India Business
German aid for Tripura to empower rural poor
Agartala, May 10 - Germany will provide a whopping Rs.830 million - financial assistance to Tripura, aimed at empowering the tribals and people living in rural areas by utilising the abundant natural resources, officials Thursday said.
May 10, 2007 - 3:39:15 PM
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India Business
Agra farmer's suicide exposes flaws in rural schemes
Bhilavali -, May 10 - Dalit farmer Kedar Singh's suicide in an Agra village last week has had one positive fallout - the rural development agencies in the district are now taking stock of their relief schemes and planned projects for small and marginal farmers.
May 10, 2007 - 2:15:41 PM
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India Business
Plight of SMEs may drag growth: PHDCCI
Bhopal, May 10 - India Inc. is not very optimistic about the growth of the manufacturing sector despite the overall growth of the economy because technological obsolescence, liquidity crunch and high rate of interest were major stumbling blocks in the growth of small and medium enterprises - sector, says the PHD Chamber of Commerce and Industry -.
May 10, 2007 - 12:33:51 PM
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India Business
DaimlerChrysler begins construction of new plant in Pune
Pune, May 9 - The world's second largest luxury carmaker DaimlerChrysler Wednesday began construction of its new plant for the production of Mercedes-Benz cars near Pune in Maharashtra.
May 9, 2007 - 11:22:15 PM
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India Business
Reliance Communications bags West Bengal's e-governance project
New Delhi, May 9 - Anil Ambani-owned Reliance Communications - Wednesday acquired an e-governance project from the government of West Bengal for providing rural connectivity in its villages.
May 9, 2007 - 7:52:47 PM
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India Business
Government to create 70 million jobs in 11th plan
New Delhi, May 9 - The government Wednesday said it will create 70 million new job opportunities during the 11th five-year plan of 2007-12.
May 9, 2007 - 7:52:30 PM
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India Business
BSNL offers tariff sops to 50,000 in Chhattisgarh
Raipur, May 9 - State-run telecom major Bharat Sanchar Nigam Ltd - has signed a memorandum of understanding - with the Chhattisgarh State Housing Board - to provide tariff concessions to around 50,000 customers buying houses from the board, officials said Wednesday.
May 9, 2007 - 5:03:19 PM
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India Business
Goods train service suspended
Raipur, May 9 - Goods trains carrying iron ore from Bailadila to Vishakhapattanam were suspended for the second consecutive day Wednesday after Maoists damaged the railway track near Bhansi railway station in Dantewada district in Chattisgarh Tuesday.
May 9, 2007 - 4:47:03 PM
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India Business
Continental advances launch of New Jersey-Mumbai service
New Delhi, May 9 - US carrier Continental Airlines Wednesday said it was advancing the launch of its non-stop service between Mumbai and New Jersey by close to a month following positive market response to the proposed flights.
May 9, 2007 - 4:18:34 PM
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India Business
Kerala to tap wind energy
Thiruvananthapuram, May 9 - Kerala, which relies heavily on hydroelectric power, will soon tap wind energy as another source of electricity.
May 9, 2007 - 3:18:34 PM
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India Business
'If Reliance sells vegetable, what will we do?'
Ranchi, May 9 - Wielding pumpkins and broomsticks, vegetable vendors - most of them women - Wednesday staged protests against the Reliance Fresh shops here, accusing the firm of undercutting and pushing them out of the market in one of the first such protests by small traders against organized retailing.
May 9, 2007 - 2:22:49 PM
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India Business
Vodafone completes Essar-Hutch deal for $10.9 bn
New Delhi, May 9 - Global mobile telephony giant Vodafone Wednesday said it has formally acquired the controlling stake in Hutch-Essar from Hong Kong-based Hutchison Telecommunications International for $10.9 billion.
May 9, 2007 - 2:22:25 PM
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India Business
Vegetable vendors rail against Reliance shops
Ranchi, May 9 - Vegetable vendors here Wednesday staged protests against the Reliance Fresh shops here, accusing the firm of undercutting and pushing them out of the market.
May 9, 2007 - 1:47:31 PM
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India Business
YSR calls for greater investment in agriculture
Hyderabad, May 9 - Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy told the World Agricultural Congress in the US that growth in agriculture could not be sustained without a second green revolution and farmers' welfare.
May 9, 2007 - 12:34:16 PM
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India Business
Andhra Pradesh chief minister woos investors in US
Hyderabad, May 9 - Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy has invited multinational companies, industrialists and experts in the US to invest in the state.
May 9, 2007 - 11:28:39 AM
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India Business
CII against compulsory pre-merger notifications
New Delhi, May 8 - The Confederation of Indian Industry - Tuesday urged the government not to make mandatory issuance of notifications prior to any merger, saying it would cause inordinate procedural delays and increase the project cost for the enterprises.
May 8, 2007 - 7:49:40 PM
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India Business
BharatMatrimony judged India's best portal for 2007
New Delhi, May 8 - BharatMatrimony Group, one of India's leading Internet companies, Tuesday grabbed the awards for the best Indian portal 2007 under three different categories of matrimony, property and jobs.
May 8, 2007 - 7:20:38 PM
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India Business
Karnataka court upholds ban on lottery tickets
Bangalore, May 8 - The Karnataka High Court Tuesday upheld the ban on sale of lottery tickets enforced by the state government since April 1.
May 8, 2007 - 6:39:28 PM
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India Business
Fresh tension at Singur
Kolkata, May 8 - Fresh tension erupted Tuesday at the site of the Tata Motors' proposed small car unit in Singur in West Bengal's Hoogly district when over 200 farmers tried to raze the boundary wall of the enclosed area.
May 8, 2007 - 6:38:43 PM
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India Business
Tata Tea signs joint venture pact with Chinese firm
New Delhi, May 8 - Tata Tea Tuesday said it has signed a joint venture agreement with a Chinese company to manufacture tea and allied value-added products in China at a project cost of $16 million in the first phase.
May 8, 2007 - 6:38:15 PM
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India Business
Indian BPO potential still untapped, says study
New Delhi, May 8 - Indian IT companies, which are bagging multi-million-dollar deals every other day, have not yet fully tapped the huge global offshoring market, a global consultancy firm said here Tuesday.
May 8, 2007 - 6:35:15 PM
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India Business
LG India targets Rs.4.5 bn from audio video segment
New Delhi, May 8 - LG Electronics India Pvt. Ltd. - Tuesday said it is targeting Rs.4.5 billion worth turnover by 2007-08 in the digital audio video segment with the launch of a series of its high-end audio and video products.
May 8, 2007 - 5:26:34 PM
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India Business
Minister warns of wheat import to curb hoarding
Chandigarh, May 8 - Minister of State for Agriculture, Food and Civil Supplies Akhilesh Prasad Singh Tuesday warned wheat farmers in Punjab and Haryana against hoarding and said, if necessary, the union government would increase import of wheat to offset artificial shortage in the market and hold the price line.
May 8, 2007 - 5:04:24 PM
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India Business
New policy for chemical, petrochemical hubs announced
New Delhi, May 8 - The government Tuesday launched a new policy to encourage the setting up of integrated petroleum, chemicals and petrochemical hubs in the country with each project expected to attract around $8.5 billion in investment.
May 8, 2007 - 4:13:42 PM
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India Business
Konecranes sets up engineering centre in Pune
New Delhi, May 8 - Finland-based Konecranes, a leader in lifting devices, has set up an engineering centre in Pune to serve as a global interface for design and other services between its customers and manufacturing facilities.
May 8, 2007 - 2:58:48 PM
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India Business
Dhaka to import diesel from Assam refinery
Agartala, May 8 - Bangladesh has decided to import diesel from the Numaligarh Refinery in Assam following acute shortage of fuel, officials said Tuesday.
May 8, 2007 - 1:32:37 PM
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India Business
Kashmir's Dulhasti power project is ready
Jammu, May 8 - After 24 long years, the first phase of the Dulhasti hydroelectric project over river Chenab in Jammu and Kashmir is ready to supply 390 MW of power.
May 8, 2007 - 9:44:11 AM
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India Business
Geopolitics and oil supply disruption: Is India prepared?
What do we do when crude price touches $250 a barrel? Even with high foreign exchange reserves, India will have a very hard time to absorb such a high price. We could dismiss this as Doom's Day scare mongering at our peril. But then a study done last year by one of the international banks projects such three-figure oil price-line as bottom line case scenario, given the volatile potential for oil supply situation; given the potential for Iran-US confrontation getting a lot worse before it gets better.
May 8, 2007 - 9:00:09 AM
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India Business
Danger signs over future of bidi industry
Chennai, May 8 - Bidi, that quintessentially Indian puff, has become a victim of politics, with thousands of bidi workers in the southern districts of Tamil Nadu going on strike.
May 8, 2007 - 8:25:32 AM
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India Business
Trade body to promote SME activity in India, US
Kolkata, May 7 - The Indo-American Chamber of Commerce - Monday joined hands with a US-based business development organisation to facilitate economic activities in small and medium enterprises - of both the countries.
May 7, 2007 - 11:13:55 PM
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India Business
DLF gets SEBI's approval for IPO
New Delhi, May 7 - Real estate giant DLF Monday finally received the approval of the market regulator, Securities and Exchange Board of India - to go for its maiden public issue, touted to be the largest in the country, worth over Rs.136 billion.
May 7, 2007 - 8:55:51 PM
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India Business
Premier institutes launch leadership course for manufacturing sector
New Delhi, May 7 - With the growing demand for highly-skilled manpower for Indian manufacturing industry, some premier technology and business schools have joined hands Monday to launch a postgraduate programme for executives working in the manufacturing sector.
May 7, 2007 - 8:53:25 PM
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India Business
Infosys BPO certified by Carnegie Mellon
Bangalore, May 7 - Infosys BPO Ltd, a subsidiary of the IT bellwether, Monday announced that it was certified for e-Sourcing Capability Model for service providers - at level 4 by the reputed Carnegie Mellon University's IT services qualification centre.
May 7, 2007 - 8:12:51 PM
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India Business
RIL makes presentation to Kamal Nath on SEZs
New Delhi, May 7 - Mukesh Ambani-promoted Reliance Industries Ltd. - Monday met Commerce and Industry Minister Kamal Nath and other senior officials of the ministry to apprise them about its two Special Economic Zones.
May 7, 2007 - 8:12:30 PM
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India Business
Bengal government on Nandigram peace mission
Kolkata, May 7 - The West Bengal government Monday held a high level meeting to restore normalcy in Nandigram, where at least 21 people have been killed since January over a proposed industrial complex.
May 7, 2007 - 7:23:37 PM
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India Business
Leather exports to touch $8 bn by 2012: Assocham
New Delhi, May 7 - Leather exports from India, currently at $3 billion, is set to touch $8 billion within the next five years with a growth of about 167 percent, said a leading industry body Monday.
May 7, 2007 - 7:00:20 PM
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India Business
German wholesale major to train Bengal farmers
Kolkata, May 7 - German wholesale outlet major Metro Cash and Carry - Monday launched a training programme for West Bengal's sheep and goat farmers to enhance their productivity.
May 7, 2007 - 6:59:42 PM
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India Business
Kalam asks business houses to adopt schools
New Delhi, May 7 - President A.P.J. Abdul Kalam Monday asked corporate and industrial houses to adopt schools, particularly in rural and semi-urban areas, and provide them infrastructure facilities.
May 7, 2007 - 6:29:43 PM
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India Business
Bharti group to create manpower for retail sector
New Delhi, May 7 - Telecom-to-retail group Bharti Enterprises' wholly owned subsidiary Bharti Resources Monday announced a strategic partnership with Global Retail School - to create manpower for the retail trade industry.
May 7, 2007 - 6:26:28 PM
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India Business
US tourist firm chooses Kerala IT company for bookings
Thiruvananthapuram, May 7 - Vail Resorts, Inc. -, the premier mountain resort operator in the US, has chosen IBS IT solutions firm Tour PartnerTM here to integrate and upgrade its reservations system.
May 7, 2007 - 6:25:44 PM
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India Business
Rajasekhara Reddy accorded warm welcome in Chicago
Hyderabad, May 7 - The mayor of Chicago and members of the Indian diaspora were among those who accorded a warm welcome to Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday when he arrived on a four-day visit to the US.
May 7, 2007 - 5:25:46 PM
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India Business
Chaos marks celebrations for maiden visit of A380
New Delhi, May 7 - Chaos and confusion marked the media blitz planned at the Indira Gandhi International Airport here Monday to celebrate the maiden landing of world's largest aircraft Airbus A380 to coincide with the 2nd anniversary of Kingfisher Airlines.
May 7, 2007 - 4:57:02 PM
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India Business
Chai country - the Indian answer to the Champagne region of France
Kurseong, May 7 - Recently there were reports that the tea industry in West Bengal lies in a shambles. Neglect and the misuse of the name 'Darjeeling Tea' for inferior blends had done it in. At that time I had no inkling that soon I would be witness to valiant revival attempts in the land of tea, and that in a holistic way in truly enchanting surroundings.
May 7, 2007 - 8:34:32 AM
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India Business
20 injured in police cane-charge on protesting Left activists
Hyderabad, May 6 - At least 20 people were injured Sunday when police cane-charged hundreds of protesting Communist Party of India-Marxist - activists in Hyderabad and Tirupati as they attempted to squat on open government lands demanding distribution of land among the poor and landless.
May 6, 2007 - 10:20:38 PM
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India Business
Stop DDA from auctioning vacant plots, traders urge court
New Delhi, May 6 - Various traders' organisations in the capital Sunday appealed to the apex court to ensure that Delhi Development Authority -, the land owning agency of the national capital, stops auctioning vacant plots on commercial basis.
May 6, 2007 - 9:55:48 PM
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India Business
Haryana to train 10,000 drivers
Chandigarh, May 6 - In a bid to tackle the growing number of accidents in the state, the Haryana government Sunday announced it would impart training in driving skills to 10,000 drivers.
May 6, 2007 - 7:31:30 PM
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India Business
Indian now flying Delhi-Surat daily
Surat, May 6 - National carrier Indian has put the diamond city of Surat in Gujarat on the air map of India with the introduction of a daily direct flight from Delhi to Surat from Sunday.
May 6, 2007 - 6:46:03 PM
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India Business
Andhra Pradesh chief minister leaves for US
Hyderabad, May 6 - Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday left on a week-long official tour to the United States and Singapore.
May 6, 2007 - 5:55:57 PM
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India Business
TCS, Microsoft tie up for RFID solutions
Mumbai, May 6 - Tata Consultancy Services has joined hands with Microsoft Corporation to deliver radio frequency identification - solutions to global companies.
May 6, 2007 - 4:35:12 PM
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India Business
Giant A380 arrives in India on maiden visit
New Delhi, May 6 - Airbus Industries' A380, touted as the world's largest commercial airplane, landed in India for the first time at the Indira Gandhi International Airport here around 1 p.m. Sunday as the private Kingfisher Airlines prepares to induct them into its growing fleet.
May 6, 2007 - 2:25:08 PM
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India Business
Kashmir hosts TAG Heuer-Kingfisher Golf tourney
Srinagar, May 6 - The one day TAG Heuer-Kingfisher precision golf tournament was teed off here Sunday by the Tourism Minister Mohammed Dilawar Mir at the Royal Springs Golf Course.
May 6, 2007 - 2:16:26 PM
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India Business
SEZs: Government must clear misgivings before moving ahead
The controversy over the Special Economic Zones - appears to be unending with the latest agitation at Nandigram highlighting the depth of feeling in this country over these new entities. The disturbances have taken place even though West Bengal has dropped the idea of SEZs for Nandigram and Singur.
May 6, 2007 - 1:10:23 PM
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India Business
Biotech sector to become $5 bn industry by 2010: Assocham
New Delhi, May 6 - The Indian biotechnology sector, a $1.5 billion industry in 2004-05, is all set to become a $5 billion industry in the next four years, says a leading industry lobby.
May 6, 2007 - 1:00:38 PM
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India Business
A business school, exclusively for rural women
Satara -, May 6 - Thirty-four-year old Lakshmi Kikade could never have dreamt of going to a business management school to learn the nuances of how to run a successful enterprise - for she had never received formal education.
May 6, 2007 - 1:00:03 PM
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India Business
World's largest aircraft lands in Delhi Monday
New Delhi, May 6 - Airbus Industrie's A380 aircraft, touted as the world's largest commercial airplane, is due to land at the Indira Gandhi International Airport here Monday as part of the celebrations to mark the second anniversary of Kingfisher Airlines.
May 6, 2007 - 10:59:42 AM
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India Business
RBI measures will decelerate growth: FICCI
New Delhi, May 6 - The monetary measures taken by the Reserve Bank of India - to contain inflation, good as they may be initially, will slow down growth in the long run, says a survey by a leading business chamber.
May 6, 2007 - 8:46:41 AM
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India Business
Post-Nandigram, I contemplated quitting: Buddhadeb
New Delhi, May 5 - West Bengal Chief Minister Buddhadeb Bhattacharya has admitted he had contemplated resigning in the aftermath of the Nandigram killings, but maintained a Tata car project in Singur that was also targeted by anti-land acquisition groups would proceed on schedule.
May 5, 2007 - 9:35:10 PM
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India Business
Government ramping up investments in agriculture: Pawar
New Delhi, May 5 - The government is taking necessary steps to ramp up investments in the agricultural sector with various incentives, Agriculture Minister Sharad Pawar said here Saturday.
May 5, 2007 - 6:52:07 PM
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India Business
Indian shares end with marginal gains amid volatility
Mumbai, May 5 - Despite a strong rally Thursday that saw a key market index gain close to 1.5 percent, Indian equities ended with only marginal gains during the week ended Friday with trading marked by high volatility.
May 5, 2007 - 3:27:26 PM
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India Business
India starts rebuilding World War II road
Ledo -, May 5 - India has started rebuilding its portion of Stilwell Road, which came up at the height of World War II.
May 5, 2007 - 11:15:24 AM
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India Business
Can NRIs celebrate India's trillion-dollar economy?
If an American NRI visits India now, his dollars will buy much less. This is because the Indian rupee has strengthened against the dollar since 2002, crossing the watershed of Rs.41 to one dollar last week.
May 5, 2007 - 8:53:48 AM
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India Business
307 more Delhi roads to get commercial tag
New Delhi, May 4 - The capital's civic authorities Friday cleared a proposal to allow commercial activity on 307 more roads, providing relief to traders from a sealing drive on illegal commercial establishments that had led to much chaos in Delhi.
May 4, 2007 - 11:37:56 PM
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India Business
Karnataka plans ban on night shift for women in shops
Bangalore, May 4 - The Karnataka government plans to ban night shift for women in shops and commercial establishments and hotels from July. The proposed ban will not be applicable to women working in the IT and bio-technology sectors, besides hospitals and other essential services, officials said Friday.
May 4, 2007 - 11:17:30 PM
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India Business
Chhattisgarh inks deal with 7 firms to set up steel plants
Raipur, May 4 - The Chhattisgarh government Friday signed deals worth Rs.192 billion with seven business firms for setting up steel units and power plants.
May 4, 2007 - 11:14:29 PM
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India Business
Uganda woos Indian investors, says Indians safe
New Delhi, May 4 - Uganda is a perfectly peaceful country and wants Indian entrepreneurs to invest there, according to an Ugandan delegation currently on a visit to India.
May 4, 2007 - 9:28:29 PM
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India Business
Government rapped for policy on special economic zones
New Delhi, May 4 - The United Progressive Alliance - government Friday came under attack for its policies governing special economic zones not just in parliament but also at a seminar organised by civil society.
May 4, 2007 - 8:20:55 PM
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India Business
Kamal Nath warns of yet another deadlock at WTO talks
New Delhi, May 4 - India's Commerce and Industry Minister Kamal Nath Friday said he is 'disappointed' with the developments on agricultural at a special session of the World Trade Organisation - Geneva and stated this could lead to another deadlock.
May 4, 2007 - 8:11:34 PM
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India Business
India Inc hit hard due to appreciating rupee: Assocham
New Delhi, May 4 - The appreciation of the Indian rupee in the past 12 months has adversely affected India Inc. as they have been burdened by higher interest rates, said a leading Indian industry report Friday.
May 4, 2007 - 7:58:52 PM
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India Business
Action will be taken against Dow after probe: Pawar
New Delhi, May 4 - The government Friday promised to take action against Dow Chemicals, which has taken over Union Carbide and produces insecticides in India, after investigating reports that it secured registration and approval of its products by bribing Indian officials.
May 4, 2007 - 6:28:31 PM
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India Business
Chidambaram clears Vodafone deal
New Delhi, May 4 - Within a week of the Foreign Investment Promotion Board - giving its green signal to Vodafone's acquisition of a majority stake in Hutch-Essar, the British telecom giant cleared the last hurdle Friday by getting Finance Minister P. Chidambaram's nod.
May 4, 2007 - 6:05:09 PM
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India Business
First Serve Toonz signs up BBC for Wolverine series
Thiruvananthapuram, May 4 - First Serve Toonz, a joint venture between Toonz Animation India and London-based First Serve International, Friday announced a deal with the BBC for a new animation series, based on the iconic character, Wolverine.
May 4, 2007 - 6:04:11 PM
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India Business
ITC Sonar Bangla first hotel to get carbon credits
Kolkata, May 4 - The ITC Sonar Bangla here has become the first hotel in the world to obtain Certified Emission Reductions - issued under the aegis of the United Nations Framework on Climate Change Convention, officials said Friday.
May 4, 2007 - 5:15:19 PM
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India Business
Manmohan Singh sets $30 bn foreign investment target
New Delhi, May 4 - Commerce Minister Kamal Nath has received a pat on his back from Prime Minister Manmohan Singh for enhanced foreign direct investment inflow into the country, even as he set a target of $30 billion for this fiscal.
May 4, 2007 - 5:02:46 PM
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India Business
Indian's death in Uganda an aberration: Ugandan minister
New Delhi, May 4 - The recent death of an Indian in a riot in Uganda is an 'aberration' in what is otherwise a very peaceful country and harmonious society, according to a visiting Ugandan delegation.
May 4, 2007 - 4:46:56 PM
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India Business
Cognizant signs outsourcing pact with Rabobank
Chennai, May 4 - Outsourcing major Cognizant Technology and Ordina, an IT services provider in Belgium and the Netherlands, Friday said they have entered into a seven-year outsourcing pact with Dutch financial services major Rabobank.
May 4, 2007 - 4:36:39 PM
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India Business
TRAI tells telecom firms to set up redressal system
New Delhi, May 4 - The Telecom Regulatory Authority of India - Friday brought out a new regulation for all telecom service providers, including broadband providers, to implement an effective mechanism to address consumers' grievances.
May 4, 2007 - 3:57:11 PM
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India Business
Jaipur to take action against unlicensed hotels
Jaipur, May 4 - The Jaipur Municipal Corporation - has decided to take strict action against hotels, restaurants and guesthouses operating without food licenses and not complying with basic hygiene guidelines.
May 4, 2007 - 2:47:40 PM
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India Business
Pawar promises action against Dow Chemicals
New Delhi, May 4 - Agriculture Minister Sharad Pawar Friday promised action against Dow Chemicals, which has taken over Union Carbide and produces insecticides in India, after probing reports that it had secured registration and approval of their products after bribing Indian officials.
May 4, 2007 - 2:46:57 PM
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India Business
French brand Etam joins hands with Pantaloons
New Delhi, May 4 - Women in Indian cities will now be able to pick up Etam French lingerie, swimwear and innerwear for any occasion, addressing every mood, from a store not too far away.
May 4, 2007 - 1:12:27 PM
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India Business
AIG launches India Equity Fund
Chennai May 3 - US-based financial services major AIG Global Investment Group - Thursday formally launched its maiden 'world class' India Equity Fund here at Rs.10 per unit -.
May 3, 2007 - 10:59:29 PM
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India Business
Karnataka, Kerala approach Cauvery tribunal for clarification
New Delhi, May 3 - A day before the expiry of the statutory 90-days deadline for seeking review of its Feb 5 order on allocation of the river waters to the four riparian states, Karnataka and Kerala Monday approached the Cauvery Water Disputes Tribunal to seek 'some clarification' of the order.
May 3, 2007 - 10:36:08 PM
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India Business
Finance Bill gets Lok Sabha nod after minor amendments
New Delhi, May 3 - The Lok Sabha Thursday passed the Finance Bill for the current fiscal after Finance Minister P. Chidambaram's reply to the debate on the union budget during which he brought some amendments in the tax proposals, but said exemptions would be phased out eventually.
May 3, 2007 - 8:14:29 PM
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India Business
Coromandel Fertilisers posts robust growth in 2006-07 fiscal
New Delhi, May 3 - Coromandel Fertilisers Ltd., a company of the $1.6 billion Murugappa Group, has registered robust growth for fiscal 2006-07 with its profit after tax soaring at 20.57 percent over the previous financial year to reach Rs.1 billion.
May 3, 2007 - 7:32:07 PM
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India Business
Rohtang tunnel may be ready before 2014
Shimla, May 3 - The use of latest tunnel boring machines in building the 8.8 km Rohtang tunnel in Himachal Pradesh could reduce the time taken for its construction by at least a year, besides reducing costs.
May 3, 2007 - 6:54:33 PM
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India Business
Lok Sabha passes Finance Bill for this fiscal
New Delhi, May 3 - The Lok Sabha Thursday passed the Finance Bill for the current fiscal - after Finance Minister P. Chidambaram's reply to the debate on the union budget during which he brought some amendments in the tax proposals but said exemptions would be phased out eventually.
May 3, 2007 - 6:52:01 PM
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India Business
Boeing eyes tie-ups with India Inc.
New Delhi, May 3 - US aerospace major Boeing hopes to leverage the country's proposed 'bankable offsets' policy to increase its engagement with India Inc., even as it awaits the outcome of an Indian Air Force - order for 126 combat jets.
May 3, 2007 - 6:00:56 PM
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India Business
Wockhardt acquires French company for $265 mn
Mumbai, May 3 - Indian pharma and biotech major Wockhardt Ltd Thursday announced the acquisition of French pharmaceutical group Negma Laboratories in an all-cash deal worth $265 million.
May 3, 2007 - 6:00:04 PM
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India Business
Satyam opens facility in Visakhapatnam
Hyderabad, May 3 - Satyam Computer Services Ltd., a leading global consulting and IT services company, Thursday opened its facility in the port city of Visakhapatnam in Andhra Pradesh.
May 3, 2007 - 5:38:21 PM
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India Business
Nokia to sell four billion phones by 2010
New Delhi, May 3 - Finnish mobile handset giant Nokia Thursday said it plans to sell four billion handsets globally by 2010, a majority of which will be in emerging Asian markets like India and China.
May 3, 2007 - 5:28:43 PM
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India Business
Reliance Money enters gold retailing business
Jaipur, May 3 - Reliance Money, part of the Anil Dhirubhai Ambani Group, Thursday announced its foray into retailing of gold coin after it tied up with Swiss precious metal refining major Valcambi.
May 3, 2007 - 5:20:05 PM
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India Business
Honda setting up new facility in Rajasthan
Jaipur, May 3 - Automobile major Honda Siel Cars India Ltd. - Thursday unveiled a long-term plan to set up a new compact car manufacturing facility in Alwar in Rajasthan with an initial investment of over Rs.10 billion -.
May 3, 2007 - 5:04:46 PM
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India Business
Most agro processing zones under-performing: Assocham
New Delhi, May 3 - As many as 54 of 60 projects notified under the agri export zone - scheme have failed to log desired levels of investments and exports, resulting in a 50 percent shortfall in targets, says a leading industry chamber.
May 3, 2007 - 3:21:37 PM
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India Business
India-China border trade opens a month before schedule
Nathu La -, May 3 - Border trade between India and China has resumed a month earlier than scheduled through the 15,000 feet Nathu La pass, with traders of both countries keen to boost business.
May 3, 2007 - 1:56:34 PM
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India Business
Germany to continue development aid to India
New Delhi, May 3 - Germany will continue with its development assistance to India despite the robust growth of its economy, German Ambassador to India Bernd Mutzelburg said here Thursday.
May 3, 2007 - 1:03:25 PM
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India Business
Nathu La trade reopens a month before schedule
Nathu La -, May 3 - Bilateral trade between India and China through the fabled Silk Road has resumed a month earlier than scheduled, with traders of both countries keen to boost business.
May 3, 2007 - 11:02:40 AM
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India Business
Hyundai India registers growth, car sales zoom
New Delhi, May 2 - Automaker Hyundai Motor India Ltd - has posted a growth of 4.8 percent in the Indian market by selling 15,728 units in April, the company said Wednesday.
May 2, 2007 - 9:01:12 PM
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India Business
Reliance launches mobile handsets as low as Rs.777
New Delhi, May 2 - India's leading telecom service provider Reliance Communications Wednesday launched mobile handsets for as low as Rs.777 -, for the first time in India.
May 2, 2007 - 9:00:38 PM
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India Business
Indian IT industry set to surpass $100 bn by 2011: report
New Delhi, May 2 - The burgeoning Indian IT industry will cross the $100 billion mark in revenues within the next four years with a growth rate of 18 percent, said a report.
May 2, 2007 - 6:54:46 PM
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India Business
US experts to visit India for enhancing bilateral trade
New Delhi, May 2 - An 11-member legal delegation from the US is all set to visit India to take part in a three-day conference to discuss ways to enhance bilateral trade and investment, the Indo-American Chamber of Commerce - said Wednesday.
May 2, 2007 - 6:54:03 PM
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India Business
Indian industry concerned over agriculture issues at WTO
New Delhi, May 2 - Leaders of the Indian industry are worried over the way the agricultural issue, which calls for pruning farm subsidies by the rich nations, is being handled at the ongoing global trade talks, says a leading industry lobby.
May 2, 2007 - 6:29:54 PM
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India Business
India, Germany to sign pact to push economic ties
New Delhi, May 2 - India and Germany will sign a pact Thursday to enhance technical and financial cooperation, essentially in infrastructure, even as they discuss new projects to be funded by Berlin this year.
May 2, 2007 - 4:54:14 PM
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India Business
Watchdog mooted to keep check on real estate frauds
New Delhi, May 2 - A watchdog or a monitoring panel has been suggested for regulating India's realty industry to check 'fake advertisements' inserted in leading national newspapers that invite people to invest in dream homes.
May 2, 2007 - 2:51:43 PM
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India Business
Kamal Nath to talk on global trade in Oxford
New Delhi, May 2 - Commerce and Industry Minister Kamal Nath will deliver a talk on India and its position in the ongoing global trade talks at the Oxford University Thursday.
May 2, 2007 - 11:00:27 AM
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India Business
CPI fomenting trouble against steel plants: Raman Singh
Raipur, May 2 - Chhattisgarh Chief Minister Raman Singh has accused the Communist Party of India - of inciting tribal villagers against two proposed steel plants, but says his government is committed to industrialisation and will not relocate the projects.
May 2, 2007 - 7:32:45 AM
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India Business
Hindustan Motors workers begin hunger strike
Kolkata, May 1 - After striking work for more than a month, workers of state-run Hindustan Motors' Uttarpara unit here sat on a hunger strike Tuesday demanding Chief Minister Buddhadeb Bhattacharya's intervention to resolve the labour unrest in the factory.
May 1, 2007 - 9:42:55 PM
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India Business
Media is important pillar of democracy: Arjun Singh
New Delhi, May 1 - Media is an important pillar of democracy and a key institution to mobilise public opinion, Human Resource Development Minister Arjun Singh said here Tuesday.
May 1, 2007 - 8:31:21 PM
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India Business
Fiserv to increase headcount in India by 2009
New Delhi, May 1 - US-based IT major Fiserv Inc. Tuesday announced its plans to increase its headcount to 5,000 in India within the next two years.
May 1, 2007 - 8:30:00 PM
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India Business
Honda Siel to set up car project in Rajasthan
Jaipur, May 1 - Automobile major Honda Siel Cars India - is all set to establish a Rs.10 billion - small car manufacturing project in Rajasthan, officials said Tuesday.
May 1, 2007 - 8:26:09 PM
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India Business
Lalu opposed to retrenchment in railways
New Delhi, May 1 - Railway Minister Lalu Prasad Tuesday said he was opposed to retrenchment in Indian Railways.
May 1, 2007 - 6:00:44 PM
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India Business
Bharti, Vodafone join hands for services in Channel Islands
New Delhi, May 1 - Bharti Enterprises, India's leading private telecom service provider, Tuesday announced a partnership with British telecom giant Vodafone Plc. to provide telecom services in the Channel Islands - Jersey and Guernsey.
May 1, 2007 - 6:00:10 PM
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India Business
Computer sales zoom in third quarter of 2006-07
New Delhi, May 1 - Sale of personal computers - in India grew 28 percent in the third quarter of 2006-07 as compared to the corresponding period in the previous year with 1.3 million units sold between October-December 2006, a leading IT hardware and training body said Tuesday.
May 1, 2007 - 5:33:20 PM
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India Business
India should sign readmission agreement, Russian envoy
New Delhi, May 1 - Russia is ready to simplify visa procedures for Indians, specially businesspersons, provided India signs a readmission agreement to take back illegal Indian migrants, said a Russian official here Tuesday.
May 1, 2007 - 5:17:10 PM
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India Business
Ganguly's agent seeks meeting with BCCI chief Pawar
New Delhi, May 1 - Shaken by allegations that the player-agent nexus is influencing the national team's selection, the company that looks after the commercial interests of Sourav Ganguly has sought an unprecedented meeting with the cricket board chief to help in evolving a sponsorship policy.
May 1, 2007 - 4:43:15 PM
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India Business
Industrialisation alone can end poverty: Manmohan Singh
New Delhi, May 1 - Industrialisation is vital for economic development and the broader social transformation of India even if it throws up challenges like the alienation of working class, environment damage and displacement of people, Prime Minister Manmohan Singh said here Tuesday.
May 1, 2007 - 4:42:09 PM
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India Business
Chandra Shekhar was a true liberal: Manmohan Singh
New Delhi, May 1 - Prime Minister Manmohan Singh Tuesday showered praise on his former boss and India's 9th prime minister Chandra Shekhar, whom he had served as economic advisor between December 1990 and March 1991.
May 1, 2007 - 3:38:04 PM
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India Business
Don't privatise waste, plead rag-pickers
New Delhi, May 1 - Mohammad Nazur and his wife, who used to earn Rs.250-300 a day by rummaging garbage for junk and waste, are protesting - along with 5,000 other waste pickers - against the privatisation of waste, a government move that forces them to sell at a lower rate.
May 1, 2007 - 3:37:28 PM
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