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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
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Jaipur, May 10 - Hydrocarbons explorati | |
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