Assam small tea growers mull creating own brand Guwahati, March 23: Small tea growers in Assam might soon create a brand of their own to make their presence felt in the Indian as well as the international market.
New Delhi-based Ce....
India's growth projection lowered as global recovery stalls Washington, Jan 24: With the global recovery threatened by intensifying strains in the euro area and fragilities elsewhere, the International Monetary Fund (IMF) has slightly lowered India....
RBI should cut rates to boost growth: Sharma New Delhi, Jan 23: The Reserve Bank of India (RBI) should cut interest rates at its policy review on Tuesday to boost industrial growth and investment as inflation had declined, Commerce and In....
Growth should be given priority in budget: CII New Delhi, Jan 22: Finance Minister Pranab Mukherjee should give priority to measures that would boost growth and help curb fiscal deficit in the union budget for 2012-13, says industry lobby C....
Inequality on rise in G20 nations: Report New Delhi, Jan 19: Inequality has increased in 14 of 18 countries of G20, including India, with economic growth failing to trickle down to the poor, a new report from international voluntary or....
Jharkhand poised for higher industrial growth: Munda Jaipur, Jan 9: Jharkhand, which has huge mineral resources and hosts some of India's big companies like Tata Motors, is poised for higher level of industrial growth on the back of liberal g....
India may end 2011-12 with 7 percent growth: Montek Mumbai, Dec 21: Economic deceleration is expected to continue in the third quarter of 2011-12 and India may end the financial year with a 7 percent GDP growth rate, Deputy Chairman of the Plann....
Downturn temporary, return to high growth soon: Pranab New Delhi, Dec 14: The current downturn in Indian industrial and economic growth is temporary and the country would soon revert to high growth path as it is better placed to withstand global ec....
Reforms implementation key to turnaround growth: Montek New Delhi, Dec 12: Expressing concern over the slump in industrial output that plunged to minus-5.1 percent in October, Planning Commission Deputy Chairman Montek Singh Ahluwalia said key econo....
Government, industry to discuss growth slump New Delhi, Dec 12: Commerce and Industry Minister Anand Sharma will hold a government-industry consultation next week to discuss the slump in factory output, an official statement said today.
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Pranab lowers 2011-12 growth projection to 7.5 percent New Delhi, Dec 2: After a slump in growth in the first two quarters of the current financial year, Finance Minister Pranab Mukherjee today lowered the economic growth projection to around 7.5 p....
Bajaj Auto sales up 25 percent New Delhi, Dec 2: Two and three-wheeler major Bajaj Auto today reported 25 percent increase in sale at 3,74,477 units sold in November against 2,99,231 units sold during the like period of the ....
Ford's domestic sales up 11 percent New Delhi, Dec 1: American automobile major Ford's Indian subsidiary today reported an increase of 11 percent in its domestic sales for the month of November at 8,322 units from 7,504 units....
Hero Honda's November sales up 27.4 percent New Delhi, Dec 1: Two-wheeler major Hero MotoCorp today reported a sales growth of 27.4 percent in November which stood at 536,772 units as against 421,366 units sold in the like period of 2010....
Manufacturing sector growth to slow down further New Delhi, Nov 20: Growth in the manufacturing sector has moderated during April-September compared to the corresponding period of the previous year and is likely to slow down further during t....
Pay Rs.1,800 per quintal of wheat: Badal Chandigarh, Oct 24: Punjab Chief Minister Parkash Singh Badal said today the price at which the government buys wheat from farmers should be fixed at Rs.1,800 per quintal for 2012-13 to offset....
FCI releases performance report
New Delhi, Oct 21: The movement of foodgrains increased by 10 percent to 33 million tonnes from 30 MT in 2010-11, according to the first performance report of the Food Corporation of India.
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9 percent growth in 12th plan realistic: Official
Kolkata, Oct 1: The nine percent growth target of the Indian economy during the 12th Five Year Plan period is achievable despite the global economic slowdown, a top official said today.
9 percent growth in 12th plan realistic: Official
Kolkata, Oct 1: The nine percent growth target of the Indian economy during the 12th Five Year Plan period is achievable despite the global economic slowdown, a top official said today.
Indian economy to grow 8.1 percent in 2011: UNCTAD New Delhi, Sep 6: India's economic growth rate is likely to climb down to 8.1 percent in 2011 from 8.6 percent in the previous year due to slowdown in the global economy, the United Nations....
Magma Fincorp focusing on western, southern India Kolkata, Sep 5: Magma Fincorp Limited, one of the largest asset financing non-banking financial companies (NBFCs) in India, is focusing on western and southern parts of the country to achieve ....
Harrisons Malayalam Q1 profit Rs 3.47 crore Kolkata, July 27: Harrisons Malayalam Ltd (HML), an RPG company, today reported a profit of Rs.3.47 crore in the first quarter of this fiscal as against a loss of Rs.3.89 crore during the corre....
Business class interests must be protected: Rangarajan New Delhi, June 4: Voting for the growth of businesses in India, C. Rangarajan, who heads Prime Minister Manmohan Singh's economic advisory council, has said the interest of the business cl....
Punjab procures 110.50 lakh tonnes wheat Chandigarh June 2: Punjab has achieved a new benchmark in wheat procurement as various government agencies and private traders have together procured over 110.50 lakh tonnes wheat this year, a....
Robust March industrial output may not be maintained New Delhi, May 12: At 7.3 percent, India's industrial output in March grew the fastest in almost five months, helped by strong manufacturing growth but economists said the rise in producti....
India to evaluate impact of growth on environment New Delhi, May 9: India today announced the setting up of a high-level expert group to assess the impact of economic growth on environment.
"We are setting up a high-level expert ....
India's 300 mn mobile phone 'ghosts' NewDelhi, May 4: A few days ago, the Telecom Regulatory Authority of India (TRAI), the industry watchdog, said the country's mobile phone subscriber base had reached an astounding 812 milli....
India eyes $10 billion from biotech sector by 2015 Bangalore, May 4: India's sunrise biotechnology sector is set to reach $10-billion revenue by 2015 from $4 billion posted in fiscal 2010-11 through innovative products and services, a top s....
High energy prices will hamper growth: Pranab Mukherjee New Delhi, May 3: India may not be able to achieve the targeted 9 percent growth during the current fiscal if crude oil prices in the international market remain above $100 a barrel for a longe....
India targets 9.5 percent growth for next plan period New Delhi, April 21: Prime Minister Manmohan Singh today set a target of 9-9.5 percent growth for the next Five Year Plan that starts on April 2012, against an estimated 8.2 percent growth in t....
Next five year plan to aim at double-digit growth: Ashwani Kumar New Delhi, April 19: India's 12th Five Year Plan (2012-13 to 2017-18) will focus on infrastructure and aim at double-digit growth with the approach paper set to get a final shape in six mon....
Growth rate declining in southern states: Report Bangalore, March 26: The gross domestic product (GDP) growth rate in four southern states has been declining in recent years, with Andhra Pradesh and Tamil Nadu falling below the national avera....
Tata Motors' global sales up 14 percent in February Mumbai, March 16: Tata Motors Group on Tuesday reported an increase of 14 percent in its international sales, which stood at 102,411 units, for the month of February.
"Wholesales,....
TVS Motor sales up by 24 percent in February Chennai, March 1: Two-and three-wheeler maker TVS Motor Company Ltd closed in February with 24 percent sales growth over the corresponding period the previous year.
The company sold 1....
Indian companies will benefit from defence offsets policy New Delhi, Jan 23: India's rising economic capacity has enabled the funding of its defence modernisation capabilities over the past two decades and as one of the largest global military sp....
Nalco signs pact for Rs.400 crore titanium project Bhubaneswar, Jan 15: Two public sector companies, the National Aluminium Company Ltd (Nalco) and Indian Rare Earths Ltd (IREL), have signed a pact to set up a titanium plant at an estimated cos....
Mahindra Satyam posts flat revenues in first two quarters Hyderabad, Nov 15: Mahindra Satyam, formerly Satyam Computer, has posted flat revenues during the first two quarters of the current fiscal year and expects gradual growth in the next two quarte....
Tata to locate aerospace, defence projects in Hyderabad Hyderabad, Nov 7: The Tata Group will locate all its aerospace, defence and strategic projects in Andhra Pradesh, particularly in Hyderabad, Chairman Ratan Tata announced here today.
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Apple reports record earnings, sales of iPhones rise sharply San Francisco, Oct 19: Apple reported record profits and revenue on Monday as sales of its iPhones and Macs rose sharply, and consumers snapped up more than four million iPads.
Apple ....
Wipro unveils platform to speed up drug development Bangalore, Oct 5: India's IT bellwether Wipro Technologies late today announced a rapid trials platform to accelerate drug development cycle worldwide in partnership with Oracle Life Scienc....
Tata Teleservices launches CWG value-added services New Delhi, Oct 1: Tata Teleservices Limited today launched Commonwealth Games value-added services for all its customers across Tata DOCOMO, Tata Indicom and Virgin Mobile brands, a statement h....
President lauds micro SMEs as engines of growth New Delhi, Aug 31: Indian President Pratibha Devisingh Patil today asked banks to provide credit to micro, small and medium enterprises (MSMEs). "Availability of adequate credit is paramoun....
Gmail allows phone calls from computers New York, Aug 26: Google Inc. on Wednesday said Gmail service will add a feature that allows users to call any phone directly from their computers. will add a feature that allows users to call ....
India to grow at 9.50 percent in 2010: IMF Washington, July 8: India's growth will accelerate to about 9.50 percent in 2010 as robust corporate profits and favourable financing conditions fuel investment, and then settle to 8.50 per....
Indian millionaires' number up by 50 percent in 2009 London, June 23: Buoyed by strong stock markets, the net wealth of Asian millionaires is now more than that of their European counterparts for the first time while the number of millionaires in....
Bokaro steel plant posts Rs.2,085 crore profit
Bokaro, June 21: Bokaro Steel Plant (BSP) today announced posting profit of Rs.2,085 crore in the 2009-2010 financial year.
'The last financial year profit is much higher than 200....
India's artificial flower business blooms abroad New Delhi, June 17: These flowers look good, do not disturb the environment and do not fade in a hurry, but there's a catch - they cost five to seven times more than fresh ones. Perhaps tha....
Tata Tea eyeing 10 percent market share in Pakistan, Bangladesh Kolkata, June 14: Tata Tea is eyeing a substantial growth in business in South Asia, particularly in the neighbouring nations of Pakistan and Bangladesh, a top company official said here today.....
Larsen and Toubro bags Rs.747 crore deal Mumbai, June 10: Engineering and construction major Larsen and Toubro (L&T) today said it had won orders worth Rs.747 crore from Coal India, Indiabulls Power and Hindalco for projects invol....
Israel firms look for opportunities in Gujarat Gandhinagar, June 9: A business delegation from Israel is exploring opportunities for tie-ups with agro-business entrepreneurs in Gujarat, an official said today.
According to Gujarat....
Geojit to focus on portfolio management services Chennai, June 9: Kochi-based financial services company Geojit BNP Paribas today said it will focus on its portfolio management services (PMS), double the non-resident Indian (NRI) client base ....
Chennai company to enter power sector with Malaysian firm Chennai, June 8: The city-based Consolidated Construction Company Ltd is negotiating with a Malaysian firm to enter into power sector construction in a major way, a top company official said to....
Greendiamz brings bioplastic to India Bavla (Ahmedabad), June 7: Greendiamz Biotech, manufacturer of environmentally safe plastic products, today said it has commissioned a plant here that produces fully biodegradable and compostab....
EDI centre in Kazakhastan Gandhinagar, June 4: The Entrepreneurship Development Institute (EDI) here will set up a centre at Almaty in Kazakhastan on a turnkey basis to promote entrepreneurship in the central Asian coun....
India becoming magnet for Canadian companies, says survey Vancouver, June 1: Despite China remaining the economic powerhouse of Asia, more and more Canadian companies are now eyeing the mounting investment opportunities in India, says a survey by the ....
Wipro to manufacture hydraulic cylinders in China Bangalore, May 31: Wipro Infrastructure Engineering (WIE), the global hydraulics business of the IT bellwether, has tied up with Wujin hi-tech Industrial Zone (WIZ) to set up a manufacturing fa....
ASEAN envoys to visit northeast to boost trade, tourism Agartala, May 31: Diplomats of the Association of Southeast Asian Nations (ASEAN) will soon visit the northeastern states to explore possibilities of promoting tourism and trade, officials said....
World's mining sector is back to booming Toronto, May 26: The world's mining sector is back to booming, according to a report by PricewaterhouseCoopers (PwC) here on Tuesday. The annual report, Mine: Back to the Boom, on the minin....
Sahara ties up with Israeli firm for solar technology Mumbai, May 25: Sahara India Power Corp, a subsidiary of the Sahara India group, today said it has tied up with Israel-based Safesky Software to manufacture advanced solar power technologies.
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EXIM India to open office in Ethiopia next month Ethiopia, May 25: In a bid to support Indian companies' growing investments in East Africa, the Export and Import (EXIM) Bank of India will open an office in Ethiopia next month, officials ....
Yahoo, Nokia announce mobile web pact San Francisco, May 25: Yahoo and Nokia announced a wide-ranging pact on mobile web services on Monday as they seek to make up ground on rivals like Google and Apple.
The deal makes No....
Punjab may have venture with New Zealand's dairy giant Chandigarh, May 23: Milkfed, a leading milk cooperative society in Punjab, is contemplating signing a joint venture with Fonterra, New Zealand's dairy giant, an official said today.
Mitsubishi evinces interest in Gujarat towns Gandhinagar, May 19: A high-level Japanese Mitsubishi Corporation team today evinced interest in developing Changodar and Sanand near Ahmedabad as smart community and eco-friendly industrial to....
Google plans to sell e-book from next month Washington, May 6: US internet search software giant Google plans to sell digital edition of books in late June or July, throwing the firm into a battle that already involves Amazon.com, Apple ....
McNally Bharat bags $25.25 mn order in Zambia Kolkata, May 4: City-based engineering firm McNally Bharat Engineering Company Ltd has been awarded a project worth $25.25 million (Rs.113 crore) by the Konkola Copper Mines, a unit of Vedanta,....
Apple sells million iPads in first four weeks San Francisco, May 3: Apple has sold 1 million iPads in the four weeks since the much-hyped tablet computers hit the market, the company said today.
The robust sales figures reflected....
Hindusthan National Gas, OMCO International form JV Kolkata, April 29: Glass container major Hindusthan National Glass and Industries (HNG) has formed a joint venture with Belgium-based OMCO International NV to set up and operate mould manufactu....
Infotech inks pact with n-energy firm Westinghouse Hyderabad, April 28: Infotech Enterprises Limited, a leading technology solutions provider, has signed an agreement with Westinghouse Electric Company, the world's pioneering nuclear energy....
Microsoft sees record revenue through Windows 7 Seattle, April 23: The launch of Windows 7 propelled Microsoft to record third-quarter revenue of $14.5 billion, a 6-percent increase from a year ago, the world's largest software company s....
56 Indian firms in 'The Forbes Global 2000' Washington, April 22: China with 113 members and India with 56 members gained the most ground in breaking into the exclusive club of "The Forbes Global 2000" - "the biggest, most po....
India to become largest DTH market by 2012: Study New Delhi, April 21 India will become the largest DTH (direct-to-home) market in the world in terms of subscribers by 2012, overtaking the United States, according to a recent study.
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Roadside stall to meeting Obama - Delhi man goes a long way New Delhi, April 16: It's a rags-to-riches story. Sirajuddin Qureshi, who had an humble beginning running a roadside stall in the capital, rose to such heights that he has been invited to m....
The Body Shop cuts prices, reaps dividends in India New Delhi: They know the trick. Britain-based personal care products retailer The Body Shop is growing by leaps and bounds in India thanks to slashed prices. The move has helped take their tota....
Reliance Asset Management starts Dubai operations Dubai: Reliance Asset Management (UK) Plc commenced operations from the Dubai International Financial Centre (DIFC) here today to offer a full range of wealth and investment advisory services t....
TTPL posts net proft of Rs.21.21 crore Thiruvananthapuram: City-based Travancore Titanium Products Ltd (TTPL) has come out of the red and posted a net profit of Rs.21.21 crore in the 2009-10 fiscal, Kerala industries minister Elamar....
Data protection firm raises $5 mn venture fund Bangalore: Data protection and disaster recovery products' firm Druva Software raised $5 million (Rs.22.5 crore) venture fund from Sequoia Capital and Indian Angel Network (IAN), the compan....
HEC posts Rs.26.93 crore profit in 2009-10 Ranchi: State-owned Heavy Engineering Corporation (HEC), engaged in the design, engineering and manufacture of capital equipment, machine tools and spares, said today it had posted a net profit....
GK Industrial Park to woo overseas fabricators Chennai: Industrial infrastructure developer, GK Industrial Park Pvt plans to woo overseas engineering fabricators wanting to set up shop in India to its 600 acre park being developed near Tiru....
Government clears foreign investment worth Rs.2,325 cr New Delhi: The government today approved 23 foreign direct investment (FDI) proposals worth Rs.2,325.21 crore, rejected six and deferred decision on eight.
Among the approved proposal....
Philips sees healthcare, lighting pushing India growth Panaji: The Indian arm of Dutch consumer electronics giant Philips sees a vast potential in healthcare business and has launched its first cardiovascular X-ray system developed here, with plans....
FICCI bats for nuclear liability bill to win 'next frontier' Washington: Calling nuclear power as the "next frontier" where investments in India will come, the FICCI chief hopes the controversial civil nuclear liability bill goes through Indian p....
Manthan Systems eyes acquisitions overseas for growth Bangalore: Business intelligence and analytics product firm Manthan Systems is scouting for strategic acquisitions overseas to expand into new geographies and maintain growth, a top company off....
Godrej Sara Lee to set up insecticides plant in Nepal Kathmandu: Godrej Sara Lee (GSLL), a joint venture between India's Godrej Group and the US' Sara Lee Corporation, is setting up a plant in Nepal to meet the growing demand for insectici....
State Trading Corp looking at overseas contract farming New Delhi: State Trading Corp (STC), India's official agency for import of various commodities, plans to enter new areas of business, including contract farming overseas for pulses, to step....
Micro-finance guru unveils new vision for poor New Delhi: Last month, 200 shanty-town dwellers in and around Nairobi - the capital of Kenya - registered for a unique micro-finance scheme. A borrower could get a loan just by punching in his ....
Indian fertiliser company to set up unit in Ghana New Delhi: Indian Farmers Fertiliser Cooperative (Iffco), a multi-state non-profit organisation, is setting up a unit in Ghana to meet the needs of the African nation and also export the surplu....
McNally Bharat bags Rs.245.42 crore SAIL order Kolkata: City-based McNally Bharat Engineering Company Ltd has bagged a project worth Rs.245.42 crore from the Steel Authority of India Ltd (SAIL), a company statement said here today.
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Government clears 12 FDI proposals including Walt Disney New Delhi: The government today approved 12 foreign direct investment proposals worth more than Rs.1,045 crore from, among others, the global animation, publishing and entertainment giant Walt ....
Tata hints at investment in Canadian mining sector Toronto: Tata Group chairman Ratan Tata has said his conglomerate will expand its presence in Canada, hinting at mining as one of the areas of interest.
Currently, the group's Tat....
Adani to invest Rs.10,000 crore on Orissa port Bhubaneswar: The Ahmedabad based Adani Group has shown interest in setting up a port in Orissa with an investment of Rs.10,000 crore, an official said.
Adani Group officials met Chief....
Micro, medium industrial goods to get design makeover New Delhi: Shoppers can soon buy trendily packaged designer pickles, rural agro-products, medical equipment and village crafts off the shelves of superstores in mega cities across India.
Russia's arms industry aims to reassert itself at DefExpo New Delhi: Russia, which was once India's principal source of arms imports but which has seen its market share steadily declining over the years, will aim to reassert itself at Asia's l....
Strong British presence at DEFEXPO 2010 New Delhi: Britain is set to showcase its strong presence at DEFEXPO 2010 next week, with more than 20 companies participating. Some will be exhibiting their prowess for the first time at the F....
South African hotel chain to venture into India New Delhi: The City Lodge Hotels Limited, one of the major South African hotel chains, is all set to enter the Indian market for the first time, making Mumbai its entry point.
Operati....
Indian firms looking for business in Latin America: WSJ New York: More and more Indian companies are looking to do business in Latin America as they seek exposure to growing markets and a more secure investment destination, according to the Wall Str....
Subjective time can improve your bottom line Washington: Time flies when you're with friends, but minutes seem like hours when you await your turn at the ticket counter.
Our ideas of "time" are highly subjective and ....
Aloula Geojit Brokerage gets licence in Saudi Arabia Kochi: Aloula Geojit Brokerage Co, a joint venture between Indian retail financial services provider Geojit BNP Paribas and the Al Johar group of Saudi Arabia, has been given additional licence....
Siemens to invest Rs.1,600 crore over next three years New Delhi: Siemens AG, global major in engineering, healthcare and electronics, will invest more than Rs.1,600 crore ($320 million) in India over the next three years, a top official said today....
Samtel opens US office New Delhi: Samtel Display Systems (SDS), a leading Indian player in high-technology products for avionics and military applications, today announced the opening of its office in San Jose, Calif....
Karnataka woos auto, drug firms Bangalore: Karnataka has stepped up efforts to bag private investments in industrial projects ahead of the Global Investors Meet here in June by holding roadshows in several cities in the count....
Reliance power net up 26 percent Mumbai: Electricity generation and distribution major Reliance Power, part of the Reliance Dhirubhai Ambani group, today reported a 26.4 percent increase in net profits at Rs.133.64 crore for t....
Tops Securegate targets security forces for business Chennai: Tops Securegate Consultancy Pvt Ltd, a 51:49 joint venture between India's Topsgrup and Israeli Secure Gate, is targeting state security forces, multi national corporations (MNC) a....
14 FDI proposals worth Rs.733 crore approved New Delhi: A proposal from a leading private bank and another from an infrastructure company were amongst the 14 foreign direct investment proposals worth Rs.732.57 crore approved by the govern....
SREI Infra to integrate Quippo with self Kolkata: Non-banking financial company Srei Infrastructure Finance Limited today said it would integrate all the subsidiaries of Quippo group of companies under it.
"It will be a ....
$100 mn Oman India investment fund to be launched soon Chennai: A $100 million Oman India fund that will invest in various sectors in both countries is expected to be launched shortly. Oman is looking forward to invest in India's small and medi....
Indonesian firm plans eco-industrial park in Nayachar Kolkata: Universal Success Enterprise (USE), promoted by non-resident Indian industrialist Prasoon Mukherjee, plans to develop an eco-industrial park on Nayachar Island, a proposed chemical hub....
New Zealand firm to hold fair to attract investors New Delhi: Auckland-based investment company NZ Financial Solutions is organising a two-day event here from Jan 23 to boost investments in real estate, sports and lifestyle opportunities in New....
Jaypee's commissions cement plant in Himachal Pradesh Shimla: Jaypee Himachal Cement, a subsidiary of diversified group Jaiprakash Associates, was commissioned in Solan district in Himachal Pradesh today, a company official said.
"Th....
Northeast business summit to begin Friday in Kolkata Agartala: A two-day business summit on north-east India will begin in Kolkata on Friday to attract investment to the region, Tripura Industry and Commerce Minister Jitendra Choudhury said here ....
Stepping into an 'Indian decade' of growth and uplift New Delhi: Supported by a foundation of robust growth, India today stepped into the next decade of this millennium seeking not just to fulfil the aspirations of its billion-plus citizens but al....
Computer sales in India up 24 percent in July-September quarter New Delhi: In another sign of recovery in Indian industry, the sales of personal computers in the country were up 24 percent in the quarter ended on Sep 30 and touched 2.19 million units, accor....
McNally Bharat plans restructuring Kolkata: Engineering firm McNally Bharat is planning to "consolidate or separate" its global and Indian subsidiaries by next September.
"We have invited expressions of int....
Barista says cheers to coffee with a touch of liqueur New Delhi: With coffee parlours becoming popular in Indian cities, Barista, the trend-setter in the country, now wants to take the concept to a new level, introducing liqueur-based beverages.
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Microsoft launches on-demand e-mail solutions in India New Delhi: In order to enable easy access to its cost-effective business productivity software, Microsoft today launched its online services in India.
Starting at about Rs.100 a month....
Rural Electrification Corp net rises 60 percent Mumbai: State-run Rural Electrification Corp today said its net profit for the quarter ended on Sep 30 rose 60 percent to Rs.494.36 crore from Rs.308.79 crore reported in the like period last y....
HCL Technologies net up 18.5 percent Mumbai: Software services major HCL Technologies today said net profit for the quarter ended on Sep 30 went up 18.5 percent to Rs.300.75 crore from the like quarter in the previous fiscal.
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Wipro net profit up 19 percent in second quarter Bangalore: Wipro Ltd posted a net profit of Rs 11.62 billion for the second quarter (July-September) of this fiscal (2009-10), registering 19 percent year-on-year (YoY) growth, as per the India....
Texmaco posts Rs.22.36 crore net profit Kolkata: K.K. Birla group company Texmaco Ltd posted a net profit of Rs.22.36 crore (Rs.222.36 million) for the quarter (July-September), up by 11 percent against the same period last year, a....
Godrej Interio eyes Rs.2,000 crore turnover by 2012-13 Kolkata: Riding on expansion plans Godrej Interio, a business unit of Godrej & Boyce Mfg Co, is eyeing Rs.2,000 crore turnover by 2012-13, a top company official said here today.
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Bharta Forge net profit rises 138 percent Mumbai: Forged and machined components manufacturer Bhart Forge today said its net profit for the quarter ended on Sep 30 rose 138.48 percent to Rs.26.8 crore from Rs.11.25 crore in the like pe....
YouTube gets billion hits per day San Francisco: Google's online video site YouTube now gets a billion hits a day, the site's founder Chad Hurley said in a video posted on Friday.
"Three years ago today (Y....
Indian coffee growers told to improve yield, quality Bangalore: Indian coffee growers have to increase their productivity and quality of beans to compete in the global market and sustain the growth momentum achieved after years of cyclical downtu....
Railway earnings up 6.65 percent in first half New Delhi: Despite the economic slowdown, Indian Railways saw its earnings rise 6.65 percent to Rs. 40,910 crore during the first half year of this fiscal ended on Sep 30 from Rs.38,358 crore i....
Cable & Wireless beats slowdown blues, grows by 35 percent Bangalore: World's leading communication services provider Cable & Wireless grew by 35 percent in the first six months (April-Sep) of this fiscal despite the economic slowdown, a top co....
India projecting its soft power globally: ICCR chief New Delhi: Armed with the global appeal of Bollywood, the country's multimillion dollar movie industry in Mumbai, and the power of yoga, India has launched a massive exercise to project its....
Grasim board meets on Tuesday to consolidate cement business Mumbai: The board of UltraTech Cement will meet on Tuesday to take a call on the proposal to consolidate all cement units and divisions of the Aditya Birla group into one entity, named Samruddh....
Murugappa group plans to double turnover in 5 years
Chennai: The Rs.15,600-crore diversified Murugappa group is planning major business expansion including acquisitions to more than double its turnover in five years, a top company official says.....
Modicare reinvents itself, launches 30 new products New Delhi: Direct selling company Modicare that is on a revamping mode launched 30 products across six categories here today.
"There was a time when our company was not doing well....
Telecom, auto ad budgets fall, sales grow: Assocham New Delhi: Companies in the telecom and auto sectors have witnessed robust growth in turnover despite not increasing their advertisement budgets, according to the Associated Chambers of Commerc....
NALCO plans nuclear power plant
Bhubaneswar: The state-owned National Aluminium Co (Nalco) is focusing on diversification, including setting up a nuclear power plant and moving into other metals, to meet the economic meltdown....
Indian coffee planters profit from higher global prices Coonoor (Tamil Nadu): Indian coffee planters have never had it so good as their aromatic beans continue to fetch higher prices, with the global meltdown having marginal impact on the consumptio....
Moody's revises India growth forecast to 6.4 percent New Delhi: Global consultancy Moody's, which last week contended that the drought would bring India's growth down to 6.2 percent, today revised its prediction to say the "stronger-t....
India registers 6.1 percent growth April-June New Delhi: India registered a 6.1 percent economic growth during the first quarter of this fiscal (April-June), even as the manufacturing sector's output expanded by a relatively lower rate....
Govt to review Tea Board's incentive schemes Kolkata: The government will review all incentive schemes of the Tea Board of India to monitor their effectiveness, a top board official said here on Saturday.
"The Planning Commi....
Rajasthan demands refinery, oil firms want more sops Barmer (Rajasthan): The Rajasthan government today reiterated its demand for a refinery in the state, but Oil and Natural Gas Commission (ONGC) chairman R.S. Sharma indicated that the project w....
Shilpa to launch readymade meal chain in Britain New Delhi: After dabbling in cricket and spas, Bollywood actress Shilpa Shetty is now venturing into the F&B segment with a chain of readymade meals in Britain.
"It gives me g....
Drought will be addressed, growth ensured: Mukherjee New Delhi: India will give top priority to mitigating the impact of the poor monsoon in large parts of the country this year, Finance Minister Pranab Mukherjee said today while assuring the eco....
India's industrial output up by 7.8 percent in June New Delhi: Further signs of recovery in India's industrial sector emerged on Wednesday with the latest official data indicating a 7.8 percent growth in June over the like month the previous....
India's industrial output up 7.8 percent in June New Delhi: Further signs of recovery in India's industrial sector emerged today with the latest official data indicating a 7.8 percent growth in June over the like month the previous year.
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Paints industry to grow 10-12 percent: manufacturers Kolkata: The Indian Paint Association expects the industry to post 10-12 percent growth this fiscal riding on initial signs of revival of user industries, a top member of the organisation said ....
Hindalco to raise $500 mn, net up 79 percent Mumbai: Aluminium maker Hindalco Industries plans to raise $500 million (around Rs.2,400 crore) through issue of securities, including global depository receipts (GDRs), in both international a....
PWC predicts double digit growth for media industry New Delhi: The Rs.584 billion Indian Entertainment and Media industry is projected to grow by 8.3 percent in 2009 as compared to 10.3 percent in 2008 and 16.7 percent in 2007. But it is expecte....
Grasim first quarter net jumps 61 percent Mumbai: Grasim, an Aditya Birla Group company with interest in cement, chemicals and textiles, today reported a net profit of Rs.1,080 crore for the first quarter this fiscal, a 61 percent jump....
India's central bank raises growth forecast Mumbai: A day ahead of the review of its monetary policy on Tuesday, India's central bank sharply raised its growth forecast for the country's economy to 6.5 percent from its earlier pr....
GAIL India net profit dips by 27 percent Mumbai: State-run gas utility company GAIL India today reported a 26.8 percent dip in its net profit at Rs.655.8 crore ($135.5 million) for the quarter ended on June 30, compared to Rs.896.8 cr....
ITC plans greenfield paper plant, major hotel expansion Kolkata: Tobacco-to-hotels major ITC Ltd is planning to set up a $1-billion greenfield paper plant and expand its hotel business, a top company official said here on Friday.
"We a....
Eveready eyes 10 percent growth in 2009-10 Kolkata: India's leading dry cell battery manufacturer Eveready Industries is eyeing a growth of 10 percent in 2009-10 as against a revenue decline of eight percent the previous year.
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Hindustan Construction net increases 22 percent Mumbai: Operating profits of construction major Hindustan Construction Co (HCC) rose 22 percent to Rs.112 crore for the first quarter this fiscal, as compared to Rs.91 crore posted in the year-....
ITC's first quarter net profit crosses Rs.878 crore Kolkata: Diversified business house ITC posted a net profit of Rs.878.7 crore in the quarter ended on June 30, as compared to Rs.748.67 crore earned in the corresponding quarter the previous ye....
Exide posts Rs.122.4 cr net profit in Q1 Kolkata: The country's largest lead acid storage battery manufacturers Exide Industries Ltd posted net profit after tax of Rs.122.4 crore for the quarter ended on June 30, 2009, as compared....
Indian skills development firm enters US market Chennai: SIP Academy India, a leading skills development company, today said it has acquired a 40 percent stake in the recently launched SIP USA, which started operations in Salt Lake City, Uta....
Central bank will aim at 9 percent growth: Governor Mumbai: Reserve Bank of India (RBI) Governor D. Subbarao has expressed optimism that India will soon return to a high economic growth of 9 percent, even as he ruled out the spectre of deflati....
Reliance Capital eyes major expansion Mumbai: The Anil Dhirubhai Ambani Group's Reliance Capital has unveiled an ambitious plan for the next three-five years, including an entry into banking industry, globalisation of operation....
Indian Oil to raise refining capacity by 30 percent New Delhi: India's largest state-run refiner, Indian Oil Corp, is planning to ramp up its capacity by over 30 percent in two years with an investment of Rs.60,000 crore ($12.5 billion), a t....
Gujarat grew 12.79 percent last fiscal Gandhinagar: Despite the global economic slowdown, Gujarat achieved a high growth rate of 12.79 in 2008-09, state Finance Minister Vajubhai Vala said here on Tuesday.
Announcing the a....
India still not favourable for doing business New Delhi: India is still not very favourable for doing business and starting new ventures in the country is a "time consuming affair", a survey conducted by International Finance Corp ....
Output of core industries up 2.8 percent New Delhi: The composite index of India's six core industries logged a 2.8 percent expansion in May, down from 3.1 percent registered in the like month last year, official data showed today....
Cement, manufacturing sectors picking up New Delhi: India's cement and manufacturing sectors, hit hard by the slowdown last year, are now seeing a turnaround, said a senior government official today, hoping that it would have a po....
Anand Model should be replicated for inclusive growth New Delhi: Traditional growth models are the legacy of the industrialization era that started a couple of centuries ago. The approach meant leveraging lowest cost resources with an aim of maxim....
Reliance Globalcom revenue up 23 percent Mumbai: Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, today said its revenues for the quarter ended on March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391....
Birla to raise promoters' stake in group firms Kolkata: BK Birla Group of Companies will increase the promoters' stake in group firms like Mangalam Cement, Century Enka and Kesoram to around 50 percent in a few years, chairman Basant Ku....
Maoist attack makes NALCO miss bauxite target
Bhubaneswar: Bauxite production by the state-owned National Aluminium Co (NALCO) has fallen short of its target by 20 percent because of a Maoist attack on its mines two months ago.
N....
Volvo India expecting flat growth this fiscal Panaji: Volvo is not very optimistic about any significant growth in India this fiscal in view of the global economic slowdown, a senior company official has said.
Addressing the med....
Global recovery is set to begin: bank report Toronto: The worst is over for the global economy and a recovery is likely to begin later this year, says a bank report released here on Monday.
The global economic crisis has bottome....
Power Finance Corp's net rises 63 percent Mumbai: The net profit of state-run power infrastructure financing company Power Finance Corp increased by 63 percent to almost Rs.1,970 crore last fiscal from about Rs.1,207 crore in 2007-08, ....
Allahabad Bank eyes credit growth Kolkata: The city-based Allahabad Bank is looking at a credit and deposit growth of 18 percent in the current fiscal, a top bank official said here today.
"The growth estimates ar....
Computer sales up 7 percent in January-March quarter New Delhi: Personal computer (PC) sales in India were up 7 percent in the first three months of this year over the last quarter of 2008 but were still about 19 percent less compared to the year....
Anil Ambani firm ventures into animation education Mumbai: The Anil Ambani group has forayed into animation education by launching the Big Animation Infotainment and Media School or Big Aims, a training institute in Pune.
"Big Aim....
Chhattisgarh's income from minerals royalty rises 20 percent Raipur: The Chhattisgarh government today said its royalty earnings from minerals rose 20 percent in 2008-09 to Rs.1,237 crore.
"The state had made earnings of Rs.1,237.29 crore f....
Economy recovering, business confidence level up: Survey New Delhi: The Indian economy has started showing signs of recovery from the slowdown and business confidence level is on the rise, according to an industry lobby survey.
The latest B....
India logged 6.7% growth in fiscal 2009 New Delhi: India registered an impressive 6.7 percent growth in fiscal 2008-09, despite the deepest economic crisis facing the global economy in six decades, official data showed today.
Larsen and Toubro net up 3.3 percent New Delhi: Engineering and construction major Larsen and Toubro (L&T) today reported a 3.3 percent rise in its net profit for the quarter ended March 31.
The company said in a reg....
'Tata group developing affordable products for masses'
Bangalore: As part of its commitment to address the lower part of the pyramid, the Rs.150,000-crore Tata group is innovating affordable products for the masses, its chairman Ratan Tata said her....
Rajasthan attracts highest investment in north India New Delhi: Rajasthan attracted investments worth Rs.69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here today said.
The report, &#....
NIIT annual net profit up 44.1 percent New Delhi: IT training and talent development company NIIT has reported a 44.1 percent increase in standalone net profit for 2008-09 despite a 17.8 percent fall in its fourth quarter earnings.
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Shoe major Bata eyes defence forces Kolkata: Footwear major Bata India has made an application to the defence forces to supply shoes, chairman P.M. Sinha said on Tuesday.
"But we know the process of getting the appr....
India Inc expects growth under Manmohan New Delhi: Riding high on optimism, India Inc has expressed great hope that Manmohan Singh's second term as prime minister will bring India back on the path of economic growth.
Ha....
NTPC's annual profit up Rs.786 crore New Delhi: The state-owned power utility NTPC Ltd, formerly National Thermal Power Corporation, posted a net profit after tax of Rs.8,201 crore in 2008-09 against Rs.7,415 crore netted the last....
ITC net up 4.6 percent, crosses Rs.3,200 crore Mumbai: Tobacco, FMCG and hospitality major ITC saw its net profit for 2008-09 increase 4.6 percent to about Rs.3,264 crore from Rs.3,120 crore earned the previous fiscal.
The company....
Reliance to set hydro projects in Arunachal Pradesh New Delhi: Reliance Power, an energy generation firm in the Anil Ambani group, has signed pacts with the Arunachal Pradesh government for four hydro-electric power projects in state with a comb....
Bharti group eyes farm produce retail New Delhi: Agriculture and retailing of farm-based products will be the next focus areas for the diversified Bharti group with a war chest of $2.5 billion. The group reached a major milestone l....
India Inc upbeat as it sees stable govt, push for reforms
New Delhi: India Inc, too, has given its verdict: It has applauded the people's mandate that seeks the return of the Congress-led United Progressive Alliance (UPA) government, hoping for st....
UPA government growth rate in slowdown creditable: PM Ludhiana: Prime Minister Manmohan Singh on Monday said it was "creditable" that the United Progressive Alliance (UPA) government had been able to sustain the country's growth despit....
US will realise advantages of outsourcing: PM Chennai: Prime Minister Manmohan Singh today said that the US will soon realise the advantages of outsourcing business activities to India.
"Governments take certain postures an....
Pandit's Citi to raise $5.5 bn with stock conversion Washington: Ailing US banking giant Citigroup led by Indian American CEO Vikram Pandit plans to raise $5.5 billion by converting more preferred stock to common shares as prescribed by governme....
Honeywell bullish on India for business growth Bangalore: Global technology and manufacturing major Honeywell International is bullish on driving its business rapidly in India, a country that offers "huge opportunities" in its manuf....
Birla expects 10 mn tonnes cement capacity in two years Kolkata: Birla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10 million tonnes in two years from 6 million tonnes now, the company said in a release today here.
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IMF expects India's growth to slow markedly in 2009 Washington: With the global economic crisis hitting Asia hard, the International Monetary Fund (IMF) expects India's growth to slow markedly in 2009 before starting to rebound toward year e....
Robust growth seen in Indian aviation supplies market New Delhi: India's civil aviation suppliers market, including components and maintenance, is seen growing annually at 16.1 percent over the next five years to top $3.89 billion, says a new....
India's economy to grow between 6.1-6.5 percent: CII New Delhi: The Indian economy is expected to grow by 6.1-6.5 percent during 2009-10 owing to high growth in key sectors like agriculture and services, according to an industry lobby study.
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TVS Motor sales up 3 percent in April Chennai: TVS Motor Company today said it sold 113,119 two-wheelers last month, 3 percent up from 109,972 units it sold in April 2008.
As the company's moped sales went up to 41,0....
Maruti sales jump 15 percent in April New Delhi: The country's largest passenger car manufacturer Maruti Suzuki India Limited today reported 15 percent growth in its sales, at 71,748 units sold in April as compared to 62,336 un....
Airtel net profit up nearly 8 percent New Delhi: Telecom major Bharti Airtel's net profit for the quarter ended March 31 rose nearly 8 percent to Rs.20.48 billion, as compared to Rs.18.99 billion in the same period the previous....
Airtel posts 25 percent cash profit growth in last quarter New Delhi: Telecom company Bharti Airtel today reported an increase of 25 percent to Rs.3,788 crore (Rs.38 billion/$754 million) in cash profit from operations for the quarter ended March 31, ....
Mahindra-Renault looking at expanding beyond Logan New Delhi: Renault and Indian auto major Mahindra and Mahindra, which jointly manufacture the sedan Logan in India, will expand their product portfolio to better utilise the capacity at their N....
Tech Mahindra posts Rs.221 crore net profit in Q4 New Delhi: IT services exporter Tech Mahindra, which is taking over the fraud-hit IT giant Satyam Computer Services, on Monday reported a net profit of Rs.221.3 crore for the fourth quarter of....
Eveready expects 10-20 percent topline growth this fiscal
Kolkata: Eveready Industries India, manufacturer of dry batteries, flashlights and packet tea, expects a 10-20 percent growth in its topline during the current fiscal, a top official said here....
Jaiprakash Associates net profit up by 44.5 percent New Delhi: Construction and Infrastructure group Jaiprakash Associates Limited today reported a 44.5 percent surge in its net profit for 2008-09 at Rs.881.22 crore from Rs.609.67 crore the prev....
Mittal takes a pounding, but still tops Rich List London: Indian steelmaker Laxmi Niwas Mittal remains Britain's richest man, but is worth a massive 16.9 billion pounds less than last year, the Sunday Times Rich List said.
Mitta....
India expects resilient economy to grow at 6 percent Washington: Notwithstanding several challenges, the Indian economy remains resilient and is expected to grow at around 6 percent in 2009-10 with fiscal and monetary stimulus measures cushionin....
RNRL net profit up to 1.8 percent Mumbai: Reliance Natural Resources Limited (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), today reported 1.8 percent growth in its net profit for 2008-09.
The com....
'Manufacturing sector growth to pick up in April-June' New Delhi: Growth in the manufacturing sector is expected to pick up in the first quarter of 2009-10 on the back of increasing demand in some segments, said an industry lobby survey.
The m....
Revenue collection doubles to Rs.6.7 trillion in five years New Delhi: Gross revenue collection has doubled to Rs.6.7 trillion in the last five years, the government said on Monday.
"This is the only government department which earns while the rest....
India's growth will retard, debate only over quantum New Delhi: Leading think tanks, institutions and policymakers on Thursday came out with their own projections of India's growth rate but with one common thread - the country's economic expans....
'India will maintain 7 percent growth' New Delhi: The Indian economy will grow at 7 percent in the current fiscal, External Affairs and stand-in Finance Minister Pranab Mukherjee said here on Thursday.
"Indian economy will bounce....
Wipro net profit up 18 percent, Q4 guidance lowered Bangalore: Wipro Ltd posted net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09) as against Rs.8.54 billion (Rs. 8,54....
Double-digit growth predicted for entertainment sector New Delhi: Even as the Rs.513-billion Indian entertainment and media industry is trying to recover from the after-effects of the global economic meltdown, international audit firm KPMG has ....
NIIT net profit dips 60 percent New Delhi: IT training major NIIT Ltd on Tuesday reported a net profit of Rs.55 million for the third quarter ending December 31, a 60 percent dip compared to Rs.139 million profit in the sam....
