|
|
|
|
- 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.
....
- 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....
- India may grow still faster; inflation a 'big worry': RBI chief
Washington, April 27: India's economic growth this year may be "slightly higher" than the currently estimated 7.2 percent but faster inflation is a "big worry", according to....
- 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.
....
- 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 ....
- India-Africa business conclave opens with large African participation
New Delhi: Making a strong pitch for scaling up trade and investment with Africa, India's External Affairs Minister S.M. Krishna today inaugurated a two-day conclave that is set to renew ec....
- 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.
....
- 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.
- Malaysian PM's India visit drew $468 mn worth of potential deals
Kuala Lumpur: Malaysia and India are set to follow up on the $468 million worth of potential trade avenues identified during last month's India visit of Prime Minister Najib Tun Razak, with....
- 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....
- Eurofighter Typhoon targets 300 additional orders in next 20 years
New Delhi: The four-nation Eurofighter consortium foresees substantial growth opportunities on the world market, with India playing a crucial role, it said today.
"We evaluate the....
- 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 ....
- Bakshi Enterprise emerges as the best source for unique marking and coding solutions
New Delhi: Ever since Bakshi Enterprises stepped into the business of marking and coding some 15 years back, it has continued to evolve itself into a better entity owing to its unfailing consis....
- 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.
....
- 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.
....
- 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.
....
- 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.
....
- 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.
<....
- 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.
....
- 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.
....
- 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.
....
- 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....
|
|
|
|
|
|
|
|
| |
|
|
|
|
