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- NALCO floats tender to buy two lakh tonne coal
Bhubaneswar, July 31: The state-owned National Aluminium Co. Ltd. (NALCO) has floated a tender to buy 200,000 tonnes washed coal for its captive power plant in Orissa's Angul town, a compan....
- Emami Q1 net profit up 126.7 percent
Kolkata, July 30: Diversified consumer non-durables group Emami posted a 126.7 percent rise in net profit at Rs.35.25 crore for the first quarter (April-June) of 2010-11.
It had logge....
- Noel Tata is new MD of Tata Internatinal
Mumbai, July 29: The Tata Group today appointed Noel N. Tata the managing director (MD) of Tata Internatinal. He will be based in Mumbai.
Noel Tata has stepped down as the MD of retai....
- Graphite India Q1 net profit at Rs.34 crore
Kolkata, July 29: Graphite electrodes manufacturer Graphite India Ltd (GIL), posted a standalone net profit of Rs.34 crore in the first quarter (April-June) of the current fiscal (2010-11), the....
- Home ministry to form working group on security with FICCI
New Delhi, July 29: The home ministry will form a working group with an industry lobby to explore how modern technology can be used to fight terrorism and other national security challenges.
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- Visa profits exceed estimates
San Francisco, July 29: Profits at Visa Inc. exceeded analysts' expectations as an increasing number of consumers opted to pay with plastic.
The company with the world's large....
- Personal computers sales grew 18 percent last fiscal
New Delhi, July 28: Sales of personal computers, including desktops and laptops, saw a 18 percent rise in the last fiscal at over 8.03 million units, an industry lobby said today.
The....
- Japan's JFE to invest Rs.4,800 crore for Jindal Steel stake
Mumbai, July 27: Jindal Steel today announced that JFE Holdings, Japan's second largest steelmaker by output, would pick up 14.99 percent stake in the company for over Rs.4,800 crore (over ....
- Rate hike will hurt: Industry
New Delhi, July 27: India Inc today said the Reserve Bank of India's decision to raise the reverse repo rates by 50 basis points (bps) would hurt the manufacturing sector.
The Fed....
- Bhel's first quarter net profit up 41.84 percent
New Delhi, July 23: State-run Bharat Heavy Electricals Limited (BHEL) registered a 41.84 percent rise in its net profit at Rs 667.66 crore on increased net sales in the first quarter of this fi....
- Century Plyboards mulls demerger
Kolkata, July 21: Century Plyboards (India) Limited today said it is mulling a demerger of its business leading to three separate entities.
The three legal entities would be the prese....
- Demand lifts Electrolux Q2 profits
Stockholm, July 19: Higher demand in several markets including North America helped lift second-quarter earnings, Swedish home appliance maker Electrolux said today.
Net profit, exclu....
- Lockout at Birla Tyres' Balasore unit
Kolkata, July 16: B.K. Birla group company Kesoram Industries Friday said it has been forced to declare a lockout at the Birla Tyres plant at Balasore in Orissa.
"Kesoram Industri....
- Tilaknagar Industries lists at Rs.160.10 at NSE
Mumbai, July 16: Tilaknagar Industries, a manufacturer of Indian Made Foreign Liquor (IMFL), began trading on the National Stock Exchange today.
The scrip, which opened at Rs.160.10, ....
- Surya Roshni's Karnataka facility to begin production this fiscal
Shimla, July 14: Surya Roshni, the country's largest manufacturer and exporter of GI (galvanised iron) pipes, today said its Karnataka facility will start production by the end of this fisc....
- L&T bags Rs.376 crore order from ONGC
New Delhi, July 14: Engineering and construction major Larsen and Turbo (L&T) today said it has won an offshore rig refurbishment contract worth Rs.376 crore from state-run Oil and Natural ....
- Exide Industries plans Rs.400 crore capex for 2010-11
Kolkata, July 14: To meet the growing demand for batteries from the car and motorcycle sectors, Exide Industries is planning to spend Rs.400 crore this fiscal (2010-11) to increase capacity in ....
- Kingfisher Ultra launched in Delhi
New Delhi, July 12: United Breweries, makers of the largest selling beer brands in the country, launched its Kingfisher Ultra beer in the national capital market today.
Kingfisher Ult....
- India's factory output up 11.5 percent in May
New Delhi, July 12: India's factory output was up 11.5 percent in May, powered by a 12.3 percent expansion registered by the manufacturing sector, giving the central bank the much-needed co....
- Boards of two energy firms of Anil Ambani group to decide merger
Mumbai, July 3: The boards of two energy firms belonging to the Reliance Anil Dhirubhai Ambani Group (ADAG), one in the business of generating power and the other that trades and transports oil....
- BK Birla for Mangalam Timber, Mangalam Cement merger
Kolkata, July 1: Basant Kumar Birla, chairman of B.K. Birla Group, is in favour of merging two group companies, Mangalam Timber and Mangalam Cement.
Loss-making Mangalam Timber's ....
- Kesoram Industries to invest Rs.1,125 crore
Kolkata, July 1: Kesoram Industries, the flagship company of B.K. Birla Group, would invest Rs.1,125 crore to raise its cement production capacity and set up a captive power plant, Chairman B.K....
- BK Birla to continue as chairman of the group
Kolkata, July 1: Basant Kumar Birla today confirmed that he would continue to be the chairman of the B.K. Birla Group of companies and all the businesses would go to his grandson, Kumar Mangala....
- L&T bags orders worth Rs.1,383 crore
Mumbai, June 30: Subsidiaries of engineering and construction major Larsen & Toubro (L&T) have bagged orders worth Rs.1,383 crore, the company said in a regulatory statement today.
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- Lux Industries sets Rs.100 crore export target this fiscal
Kolkata, June 29: Innerwear manufacturer Lux Industries is targeting a export turnover of Rs.100 crore this fiscal (2010-11), a top company official said here today.
"We are targe....
- Indian packaging company has global investment plans
Dubai, June 29: In a move to strengthen its presence globally and consolidate its position in the domestic market, UFLEX Ltd, a leading Indian flexible packaging company, has announced its aggr....
- Jay Shree Tea to buy out another tea garden in Africa
Kolkata, June 25: Jay Shree Tea and Industries, a B.K. Birla Group company, is expecting to buy out a tea garden in Africa by the end of this fiscal, top company officials said here today.
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- Reliance Industries buys US shale assets for $1.3 bn
Mumbai, June 24: Reliance Industries (RIL) today said it will pay $1.3 billion for a 45 percent stake in US-based Pioneer Natural Resources' shale gas assets.
"Reliance will a....
- High credit and raw material costs affecting small firms: CII
New Delhi, June 20: High costs of credit and procurement of raw materials are the major factors inhibiting the growth of small and medium enterprises, a survey has found.
The Confeder....
- Falcon Tyres to pump in Rs.850 crore in two units
Kolkata, June 15: Ruia Group-owned Falcon Tyres is pumping in Rs.850 crore for setting up a new unit in Uttarakhand and expanding capacity at its Mysore plant for manufacturing two-wheeler and ....
- Wireless broadband will be a game changer in India
New Delhi,June 13:: In India's spectrum auction, broadband wireless access hitched on to third generation (3G) telephony as a poor cousin - a seemingly dull sequel of the high-profile 3G sp....
- 'Third of India's food industry unaware of safety standards'
New Delhi, June 9: Nearly a third of the players in India's food industry are not aware about safety standards and related rules, as per a survey conducted by a leading industry lobby, with....
- Canadian province invites Indian investors to acquire SMEs
Chennai, June 6: The Canadian province of Saskatchewan is inviting Indian entrepreneurs to take over small and medium enterprises (SMEs) which do not have succession plans.
The provin....
- Herbal products driving Indian cosmetics market
New Delhi, June 3: The herbal cosmetics industry is "driving growth in the beauty business" in India and is expected to grow at a rate of seven percent as more people shun chemical prod....
- Titan eyes 7-8 percent jewellery market share by 2015
Kolkata, June 2: Titan Industries is targeting a seven-eight percent share of the gold jewellery market by 2015, a top official of the Tata group company said here today.
"We are ....
- CII to take business delegation to Ghana, Burkina Faso
New Delhi, June 1: India's largest business chamber Confederation of Indian Industry (CII) is taking a large delegation to two countries in west Africa this week, officials said today.
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- Dunlop says all its shares can now be traded
Kolkata, June 1: Dunlop India today said the Bombay Stock Exchange (BSE) has allowed trading of 2.7 crore shares of the company issued on rights basis to the shareholders.
Dunlop Indi....
- Magma Fincorp posts Rs.26.46 crore Q4 net profit
Kolkata, May 31: Asset finance company Magma Fincorp posted net profit of Rs.26.46 crore for the fourth quarter of 2009-10 against Rs.7.43 crore in the corresponding period a year ago.
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- NLC Tamilnadu Power to foreclose REC loan, mulls ECB
Chennai, May 31: To reduce its interest burden, NLC Tamilnadu Power Limited (NTPL) has decided to foreclose its loan account with Rural Electrification Corporation (REC) and go in for a mix of ....
- Venture capital fund to encourage socially relevant films
Mumbai, May 30: Movie makers interested in making films concerning social issues but lacking the necessary funding can now look up to a venture capital fund for help.
Two former inves....
- Call for public-private alliance to ensure safe cities
New Delhi, May 30: The government should partner with private companies to set up an integrated security system at the local and national levels in view of rising threats from terrorists and le....
- DHL Lemuir Logistics to build warehouse investing $10 million
Chennai, May 27: Supply chain management and logistics solutions provider DHL Lemuir Logistics Pvt Ltd is investing $10 million in a warehouse facility in the Chennai Free Trade Zone, India'....
- BHEL fourth quarter net rises 41 percent
Mumbai, May 26: State-run Bharat Heavy Electricals Ltd. (BHEL) today reported a 41.7 percent rise in net profit at Rs.1,909.58 crore in the fourth quarter of 2009-10 against Rs.1,347.47 crore i....
- Rubber growers get Rs.95 lakh assistance for 2010-11
New Delhi, May 26: The government today said 18,915 rubber growers will receive financial assistance of Rs.95 lakh this financial year.
The growers will receive the amount on the basi....
- Tata Tea net profit up by 146.11 percent for 2009-10
Kolkata, May 25: Tata Tea posted a profit after tax of Rs.391.47 crore (Rs.3.91 billion) for the year ended on March 31, 2010, as compared to Rs.159.06 crore (Rs.1.59 billion) for the year ende....
- Industrial output to remain steady in 2010-11
New Delhi, May 24: India's industrial production will register double-digit growth in the 2010-11 financial year, according to the government.
"Inspite of a calibrated withdra....
- India's computer sales up 33 percent in first quarter
New Delhi, May 23: India's personal computer sales touched 2.2 million in the first quarter of this year, registering a growth of an impressive 33 percent, says IDC, a leading technology co....
- Give food stamps to poor instead of subsidized food: FICCI
New Delhi, May 23: The government should issue food stamps directly to families living below poverty line (BPL), instead of subsidised food, to ensure food security of the poor, an industry lob....
- Rural Electrification Corp Q4 net up 45 percent
Mumbai, May 19: State-run Rural Electrification Corp (REC) today said its net profit for January-March quarter increased by 44.6 percent to Rs.561.17 crore as against Rs.388.04 crore in the lik....
- Goa industry mulls conveyor belts to transport ore
Panaji, May 19: Mining industries in Goa are mulling the possibility of setting up a network of conveyor belts to transport ore from the mining pits to the port from where it is exported, an in....
- SAIL mulls contracts with engineering exporters
Kolkata, May 17: The Steel Authority of India Limited (SAIL) is mulling contracts with engineering export companies to mitigate the problem of volatility in input prices, a top SAIL official sa....
- L&T Q4 net up 44 percent
Mumbai, May 17: Engineering and construction major Larsen & Toubro (L&T) today said its net profit grew by 44 percent to Rs.1,438.10 crore for January-March quarter of 2009-10 from Rs.9....
- Tata plans to set up power plant in Bangladesh
Dhaka, May 16: Nitol-Niloy, the Bangladesh partner of Indian conglomerate Tata Group, plans to set up a 1,000MW power plant in a joint venture that will be the largest in the country.
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- Berger Paints net rises 31 percent in Q4
Kolkata, May 15: Berger Paints India posted profit after tax (PAT) of Rs.28.17 crore in the January-March quarter of 2009-10 against Rs.21.49 crore in the corresponding period a year ago, a com....
- NALCO Q4 profit up 371 percent at Rs.391 crore
Bhubaneswar, May 15: State-owned National Aluminium Company Limited (NALCO) today announced a 371 percent rise in net profit at Rs.391.48 crore for the fourth quarter of 2009-10 ended on March ....
- Reliance ADAG's 3 firms post PAT growth in 2009-10
New Delhi, May 15: Three companies of the Reliance Anil Dhirubhai Ambani Group (ADAG) today announced their annual results for the 2009-10 financial year, each of them reporting a growth in net....
- Ispat plans Rs.1700 crore capital expenditure
Kolkata, May 15: Ispat Industries has planned capital expenditure of Rs.1,700 crore for mining, a power plant and a coke oven plant in Maharashtra, a top company official said here today.
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- Oil prices may rise to $100 a barrel: Mukesh Ambani
Mumbai, May 14: Crude oil prices may soon rise to $100 a barrel due to increasing costs of exploration and production, and businesses should be prepared for higher energy prices than what they ....
- HCC hives off IT division into a separate arm
Mumbai, May 13: Ajit Gulabchand-promoted Hindustan Construction Company (HCC) has hived off its information technology division into a separate arm, Highbar Technologies, to tap the Rs.2,000 cr....
- Gujarat NRE to invest Rs.1,000 crore for plant in Andhra
Kolkata, May 13: Coke producer Gujarat NRE Coke plans to invest Rs.800-1,000 crore for a plant in Andhra Pradesh, a top company official said today.
"We are waiting for the land. ....
- NTPC Chhattisgarh plant to generate 660 MW by October
Raipur, May 12: Power utility NTPC will generate another 660 MW by October this year, commissioning a new unit of its coal-fired power plant at Sipat in Chhattisgarh, a company official said to....
- India's industrial output up 13.5 percent in March
New Delhi, May 12: India's industrial output rose by an impressive 13.5 percent in March, despite the withdrawal of fiscal stimuli packages and the tightening of monetary policy, taking the....
- Usha Martin to invest Rs.1,200 crore to set up plants
Kolkata, May 10: Speciality steel and wire rope manufacturer Usha Martin has planned to invest Rs.1,200 crore over the next three years to set up four different plants, a top company official s....
- Manufacturing sector to grow 11-12 percent in April-June: Study
New Delhi, May 9: India's manufacturing sector is expected to expand 11-12 percent in the April-June quarter, lower than 15 percent expected in January-March, due to sharp increases in raw....
- Reliance gas ruling protects our interests: Anil Ambani
New Delhi, May 7: Reliance Natural Resources chairman Anil Ambani today said the Supreme Court verdict on Krishna-Godavari gas dispute safeguarded the interests of his group's 11 million sh....
- DHL opens new ocean freight terminal in Kochi
Kochi, May 5: Leading logistics company DHL today opened a new ocean freight terminal here and launched weekly direct "Less than Container Load" (LCL) consolidated services connecting K....
- Magma Fincorp to disburse Rs.343 crore in Chhattisgarh
Kolkata, May 5: Asset financing company Magma Fincorp Limited said today it will disburse Rs.343 crore in retail loans to the poor in Chhattisgarh in 2010-11.
"By penetrating deep....
- Industrial disaster management plan by June
Gandhinagar, May 4: The national plan for industrial disaster management, which will also provide incentives to chemical units that put in place a proper mechanism for disaster management, will....
- NALCO privatization move faces protests in Orissa
Bhubaneswar, May 4: Political parties and trade unions in Orissa today threatened to launch protests against the central government's move to offload 10 per cent of its stake in the Nationa....
- Will not use the Mahatma's picture commercially: Montblanc
New Delhi, May 3: The Supreme Court today disposed of a petition against international luxury giant Montblanc today after the firm assured that it would not use the picture and name of Father o....
- Business confidence up, India Inc pegs growth over 7 percent
New Delhi, May 2: Business confidence in India has improved and a majority of companies across the country expect the economic growth to be more than 7 percent, reveals a survey by the Confeder....
- Restaurant industry foresees high growth ahead
New Delhi, May 1: The Indian restaurant industry anticipates a rapid growth in business in the next five years that will provide employment to about two crore people and provide increased tax r....
- Gurgaon industries running on diesel
Gurgaon (Haryana), April 30: More than 15,000 industries based here have lost up to Rs.200 crore due to power cuts since the start of the summer season, officials said today.
The unit....
- CESC revives Balagarh power project in West Bengal
Kolkata, April 29: Power utility CESC has revived plans to set up a 1,320 MW power plant in Balagarh in Hooghly district of West Bengal, a company official said today.
"We have al....
- ArcelorMittal sees strong rebound in second quarter
New Delhi, April 29: The world's largest steel maker, ArcelorMittal, today said margins would improve substantially during the April-June quarter due to stronger demand in all main markets ....
- Phillips Carbon to invest Rs.200 crore for new plant
Kolkata, April 28: City-based Phillips Carbon Black Ltd (PCBL) is planning to invest around Rs.200 crore to set up a 50,000-tonne plant over the next two years, a company official said here tod....
- Exide setting up new plant at Ahmednagar
Kolkata, April 28: Exide Industries is setting up a new plant in Ahmednagar, Maharashtra, to meet the increasing demand from the automotive sector, the battery maker said here today.
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- Gujarat NRE places $90 million order with Joy Manufacturing
Kolkata, April 26: Gujarat NRE Coking Coal Limited, the Australian subsidiary of Gujarat NRE Coke Ltd, Monday said it has contracted Joy Manufacturing Company Pty Ltd for supply of certain equi....
- German energy firm to invest $133 mn in Indian power plants
New Delhi, April 26: Evonik Energy Services, the Indian arm of German power generation major Evonik Industries, today said it plans to pick up equity worth about $133 million (Euro 100 million)....
- New ash disposal system at NALCO power plant
Bhubaneswar, April 26: State-owned National Aluminium Company Ltd (NALCO) today said it has commissioned an eco-friendly system of ash disposal at a cost of Rs.50 crore at its captive power pla....
- EID Parry now bags GMR Industries
Chennai, April 25: In line with the Murugappa group's vision of growing and expanding its sugar business, the Rs.1,147 crore turnover EID Parry (India) Ltd will acquire majority stake in th....
- Reliance Industries net up 3.8 percent
Mumbai, April 23: India's largest private sector company Reliance Industries (RIL) today reported a 3.8 percent increase in net profits at Rs.16,236 crore ($3.6 billion) for the fiscal ende....
- Orissa environment panel clears Vedanta refinery
Bhubaneswar, April 22: The Orissa state pollution control board has given a clean chit to Vedanta's alumina refinery in the state's Kalahandi district after conducting checks in the are....
- Tobacco industry flouts rules, exploits workers, study shows
New Delhi, April 21: Not only does it represent a serious health hazard, the tobacco industry also exploits its workers by not paying them minimum wages and employing children among its labour ....
- Canadian firm set for drilling in Uttarakhand
Vancouver, April 21: Canada's Pebble Creek mining company said here on Tuesday that it is all set to commence drilling operations at its Askot project in India's Uttarakhand state.
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- Industry lobbies hail hike in policy rates
New Delhi, April 20: Industry lobbies today hailed the Reserve Bank of India's move to tame inflation by hiking policy rates by 25 basis points.
"This is the best bargain in t....
- Videocon plans Rs.30,000 crore 6,000 MW power foray
Gandhinagar, April 18: The Videocon group has an ambitious plan to set up four thermal power generating units with a combined capacity of 6,000 MW at four locations around the country with a to....
- RIL invests in Gopinath's freight carrier Deccan 360
New Delhi, April 16: Mukesh Ambani-promoted Reliance Industries Ltd (RIL) today announced its investment in freight carrier Deccan 360.
In a regulatory filing, the RIL said the invest....
- Triveni in joint venture with GE to produce steam turbines
Mumbai, April 15: U.S. multinational General Electric's energy arm and Indian engineering firm Triveni today announced a joint venture, GE Triveni, to manufacture, sell and service steam tu....
- Saab names Inderjit Sial India country head
New Delhi: Swedish defence and security company Saab AB today announced the appointment of Inderjit Sial as country head of Saab International India AB.
"In his new role, Sial, wi....
- Industrial production grows 15.1 percent in February
New Delhi: India's industrial output in February grew at a slower rate of 15.1 percent, official data showed today.
The production in January was 16.7 percent.
The index....
- MSEs perform below capacity due to lack of funds and late payments
New Delhi: Paucity of funds and delayed payments have forced the Micro and Small Enterprises (MSEs) sector to perform below capacity, a study conducted by the industry lobby Assocham said today....
- EIL pays highest so far dividend
New Delhi: Design and engineering consultancy firm Engineers India Limited announced today it has paid a dividend of Rs.507.65 crore - the highest so far by the public sector company - to the g....
- BHEL boiler auxiliaries division cuts cost, raises profit
Chennai: Strategic sourcing and value engineering in production have helped Bharat Heavy Electricals Ltd's (BHEL) boiler auxiliaries division at Ranipet near here to cut cost substantially ....
- BHEL learning super critical boiler technology
Tiruchirappalli (Tamil Nadu): Bharat Heavy Electricals Ltd (BHEL), a major producer of power equipment and industrial goods, is learning the technology to supply super critical boilers on its o....
- L&T inks pact with Rolls-Royce for nuclear business
New Delhi: India's leading engineering and construction firm Larsen & Toubro (L&T) and UK-based power systems company Rolls-Royce have entered into an agreement to explore opportuni....
- Riga Sugar eyes Rs.100 crore this fiscal
Kolkata: Riga Sugar Company Limited (RSCL) plans to clock a turnover of Rs.100 crore in 2009-2010 (October-September), a top company official said here today.
"We are planning to ....
- Larsen & Toubro bags orders worth Rs.1,126 crore
New Delhi: Engineering and construction major Larsen and Toubro (L&T) today said one of its units has secured orders worth Rs.1,126 crore for material handling and water sector projects.
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- Industries demand export incentives
New Delhi: Ahead of the unveiling of the new foreign direct investment (FDI) policy, industry lobby Assocham has urged the government to remove excise and local levies on exports and set an ach....
- L&T bags Rs.1,400-crore order from Indian Oil
Mumbai: Engineering major Larsen and Toubro (L&T) today said it has bagged a Rs.1,400 crore oil refinery project from state-run Indian Oil Corp.
"L&T has secured a major o....
- Haryana to regularise illegal industrial units
Chandigarh: The Haryana government today announced that it has formulated a policy to regularise existing industrial units within the controlled areas of the state.
The policy has bee....
- Indian women getting 'empowered' with direct selling
New Delhi: India's $740-million direct selling industry, where products are sold directly to customers rather than through retail shops, is fast emerging as a viable career option for women....
- Slower growth in six core industries in February
New Delhi: Six key sectors of the economy grew 4.5 percent in February, slower than the 9.4 percent in the previous month, official data showed today.
Electricity production increased....
- Industry lends support to Earth Hour
New Delhi: India Inc today lent its support to Earth Hour -- a global climate awareness initiative, which urges people and institutions to switch off their lights for an hour at 8.30 p.m. on Sa....
- Abhishek seeks 15 percent copier paper market share
Gandhinagar: Abhishek Industries, the flagship company of the Trident group, is targeting a 15 percent share in the Rs.1,800-crore copier paper market, a company official said today.
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- Kurush Grant is CII eastern region chairman
Kolkata: Kurush N. Grant of ITC was today elected chairman of the Confederation of Indian Industry, eastern region.
Grant is the group head of ITC's FMCG (fast moving consumer goo....
- Coal India to hit capital markets in July
New Delhi: India's largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here today.
The governmen....
- B.S Meena appointed heavy industries secretary
New Delhi: B.S. Meena was today appointed secretary, department of of heavy industries.
The appointments committee of the cabinet cleared Meena's name for the post at a meeting ch....
- Sops may continue for loss-making sectors: Anand Sharma
New Delhi: The government may continue incentives to labour-incentive sectors like leather, textile and engineering goods which continue to be in the red.
"I have taken up the iss....
- Hindustan Construction to buy majority stake in Swiss firm
Mumbai: Hindustan Construction Co on Friday said it will acquire 66-percent stake in Karl Steiner AG, the second largest integrated services contractor in the Swiss realty market, for nearly $3....
- Eveready hikes battery prices by 5-10 percent
Kolkata: Eveready Industries India has hiked the prices of its range of dry cell batteries by 5 to 10 percent, a senior company official said here.
The prices were increased from Frid....
- National Minerals public offer over-subscribed 1.23 times
Mumbai: The follow-on public offer of the state-run National Minerals Development Corp was over-subscribed 1.22 times today, the last day, with good demand from financial institutions, accordin....
- Industrial production grows 16.7 percent in January
New Delhi: India's industrial production rose 16.7 percent in January from one percent a year earlier, official data showed today.
The output was a better-than-expected 16.8 perce....
- Ennore Coke expects rise in coking coal price
Kolkata: Coking coal producer Ennore Coke Ltd expects spot prices of coking coal to touch $300 per tonne by June-July from a level of $260 per tonne at present.
"Coking coal is re....
- Indian firm in race for $80 million cement factory in Ethiopia
Addis Ababa: A Indian company is competing against four Chinese firms for an 80-million dollar contract for the construction of the Habesha cement factory that will help to ameliorate some of i....
- Titan Industries expects 25 percent growth in watches sales
Kolkata: Jewellery-to-watch maker Titan Industries expects a growth of 25 percent in watches sales in 2010-11 financial year, up from a 17 percent growth expected in 2009-10, a top company offi....
- Chemicals firm Lanxess commissions plant in Gujarat
Jhagadia (Gujarat): Lanxess, the specialty chemicals company with sales of $8.97 billion worldwide, started its rubber chemicals plant here today.
This marks the first phase of constr....
- Tamil Nadu to set up exclusive industrial park for Japanese firms
Chennai: The Tamil Nadu government will set up an industrial park for Japanese small and medium enterprises (SME) near here in a bid to attract more investments from the east Asian country to t....
- NALCO gets state government nod for new bauxite mine
Bhubaneswar: Orissa has given its nod for leasing a new bauxite mine in the state's Koraput district to state-owned National Aluminium Company Ltd (NALCO), an official said today.
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- Proposal for revival of Burn Standard, Braithwaite Company
Kolkata: The Department of Heavy Industries has submitted a proposal to the union cabinet for the revival of Burn Standard and Braithwaite Company Limited and its consideration for handing it o....
- Abhijeet Group plans green coal mining in Jharkhand
Ranchi: The Abhijeet Group, which has tied up with a Canada-based company, is seeking to bag a mining contract in Jharkhand's Ramgarh district where it plans to introduce an environment-fri....
- ITC evaluates impact of excise duty hike
Kolkata: Describing the hike in the excise duty on cigarettes as "steep", tobacco major ITC limited today said it was evaluating the cost impact of the budget proposal.
Union ....
- India Inc now looks forward to expand rail network
New Delhi: Indian industry is largely satisfied with the rail budget proposals to keep freight rates mostly frozen and the decision to co-opt the private sector in expanding the country's r....
- Neesa group in expansion mode
Ahmedabad: The Rs.6,000 crore-Neesa group is set for a major thrust in the hospitality and leisure industry with three upcoming projects in Haryana, Gujarat and Rajasthan.
The group c....
- Himachal seeks incentives for fruit processing industry
Shimla: Himachal Pradesh, one of India's major apple-producing regions, has requested the central government to set up an apple juice concentrate plant in Shimla district and extend special....
- Shree Renuka Sugars rises on Brazilian deal news
Mumbai: The scrip of sugar refining major Shree Renuka Sugars Ltd (SRSL) rose more than 3.94 percent at the Bombay Stock Exchange during morning trade today, after the company said it was acqui....
- Four public sector majors to become 'Maharatna' soon
Kolkata: Public sector majors Indian Oil Corporation (IOL), Oil and Natural Gas Corporation (ONGC), Steel Authority of India Limited (SAIL) and National Thermal Power Corporation (NTPC) are lik....
- Aerospace major EADS establishes R&D facility at Bangalore
New Delhi: Aiming to ramp up the capacities of India's defence manufacturing industry, European aerospace major EADS has established a military R&D facility at Bangalore to take forward....
- CII demands Rs.50 bn for Technology Upgradation Fund Scheme
Chennai: The Confederation of Indian Industry-Southern Region (CII-SR) today asked the government to provide Rs.5,000 crore (Rs.50 billion) towards the Technology Upgradation Fund Scheme (TUFS)....
- Prepared to cooperate in land holding probe: Kerala firm
Thiruvananthapuram: Harrison Malayalam Ltd (HML), a plantation company that was in the news for allegedly holding excess land, today said it was prepared to cooperate with any agency for an enq....
- Rationalise direct taxes to mitigate slowdown effects: CII
New Delhi: The Confederation of Indian Industry (CII) has urged the government to rationalise direct taxes which would help consolidate the manufacturing sector, mitigating the effects of the g....
- An Indian now owns East India Company: Creating a new brand for India
London: With just around a month to go for the re-launch of the East India Company - the world's first multinational whose forces once ruled much of the globe - its new Indian owner says he....
- Punjab to explore three-shift system in industry
Chandigarh: The Punjab government will examine the possibility of legalizing the three-shift system in the industry, as prevalent in Tamil Nadu, to increase productivity and ensure more employm....
- Industrial production grows 16.8 percent in December
New Delhi: Helped by sustained domestic demand, India's industrial production grew a better-than-expected 16.8 percent in December 2009 from a decline of 0.2 percent in the corresponding mo....
- Coal India appoints KPMG to help chalk out roadmap
Kolkata: The country's largest coal producer, Coal India Limited (CIL), has engaged KPMG Advisory Services Pvt Ltd to undertake its corporate planning drill to consolidate its role as prime....
- Pennar launches facility to manufacture pre-engineered buildings
Hyderabad: PEBS Pennar, a subsidiary of Pennar Industries, India's leading engineered products company, today formally launched its new facility near here to manufacture pre-engineered buil....
- Coal India plans to earmark 1 percent share for staff
Kolkata: Country's largest coal producer Coal India Ltd (CIL), which is planning to come out with its Initial Public Offering (IPO) of shares would be earmarking one percent of the share fo....
- Deepak Chhibba named CEO of M&M-BAE Systems defence JV
New Delhi: Deepak Chhibba was today named CEO of the Mahindra & Mahindra-BAE Systems joint venture, Defence Land Systems India, with Arne Berglund as his deputy.
Chhibba was earli....
- Chhattisgarh gets Rs.4,000 billion investment
Raipur: Chhattisgarh, which came into existence in 2000, has received Rs.4 lakh crore (Rs.4,000 billion) investment from core industries alone, the state's Chief Secretary P. Joy Oommen sai....
- MBEL plans to list subsidy in Singapore
Kolkata: Engineering firm McNally Bharat Engineering Ltd (MBEL) plans to get its wholly-owned overseas subsidiary MBE Holdings Pvt Ltd listed in Singapore.
The subsidiary is being use....
- MRF posts Rs.119-cr quarterly profit
Chennai: City-based tyre major MRF closed its first quarter ended Dec 31 with a profit of Rs.119.41 crore on a turnover of Rs.1,656.84 crore, against a loss of Rs.38.3 crore on a turnover of Rs....
- Move from regional grouping to global partnerships
Chennai: A strong pitch for multilateralism was made by speakers from Africa, European Union and the Association of South-East Asian Nations (ASEAN) at the 16th edition of Partnership Summit 20....
- Grasim Industries net up 40.7 percent
Mumbai: Grasim Industries, flagship company of the Aditya Birla group, today reported a 40.7 percent rise in net profit at Rs.795.7 crore for the quarter ended on Dec 31, compared to Rs.565.3 c....
- ITC third quarter net profit up 27 percent
Kolkata: Cigarettes-to-hotels major ITC's net profit of Rs.1,144.17 crore (Rs.11.44 billion/$248 million) for the quarter ended Dec 31 rose 27 percent from Rs.903.21 crore posted in the yea....
- Reliance Industries net profit up 14.48 percent
Mumbai: Reliance Industries posted a net profit of Rs.4,008 crore (Rs.40.08 billion/$868 million) in the quarter that ended Dec 31, a 14.48 percent rise from the same quarter last fiscal.
<....
- Phillips Carbon Black mulls rights issue to raise equity
Kolkata: City-based Phillips Carbon Black Ltd (PCBL) plans to raise equity within the next three months either through a rights issue or Qualified Institutional Placement, the company's cha....
- Biocon's net profit nearly triples in Q3
Bangalore: Biotechnology major Biocon today reported a nearly three-fold increase in consolidated profit for the October-December 2009 period at Rs.81 crore from about Rs.28 crore in the same p....
- Hindusthan National Glass plans unit in Andhra Pradesh
Kolkata: Fuelled by the growing demand for liquor and food and beverages, Hindusthan National Glass and Industries Ltd will set up a greenfield project in Andhra Pradesh.
"We are ....
- CII's Partnership Summit to discuss global economic challenges
Chennai: Presidents, prime ministers, ministers, government officials and businessmen from different countries will deliberate on partnerships to be forged to meet the global economic challenge....
- Surya's Gwalior unit to start production from April
Shimla: The new facility of Surya Roshni, a manufacturer of lighting products, in Madhya Pradesh would start production from April, a senior official said here today.
"The new lam....
- Usha Martin's third quarter profit drops 31 percent
Kolkata: Speciality steel and wire rope manufacturer Usha Martin has posted a net profit of Rs.18.42 crore for the third quarter, compared to Rs.26.74 crore in corresponding period last fiscal,....
- Rural Electrification Corp profit up 48 percent in Q3
Mumbai: State-run Rural Electrification Corp (REC) today reported a 48.7 percent rise in net profit to Rs.474 crore for the quarter ended on Dec 31, compared to Rs.318.6 crore in the same perio....
- Industrial production grows 11.7 percent
New Delhi: Helped by sustained domestic demand, India's industrial production grew at a better-than-expected 11.7 percent in November compared to 2.5 percent in the corresponding month last....
- Exide net profit surges 132 percent
Kolkata: Exide Industries, the country's largest lead acid storage battery manufacturer, saw its net profit rise 132 percent to Rs.130 crore in the third quarter this fiscal, the company sa....
- India's vice president goes to Botswana in search of diamonds
Lilongwe (Malawi): India is a on a diamond search in the southern African state of Botswana from where it hopes to increase the direct access of Indian companies to rough diamonds, rather than ....
- Government to divest 10 percent in Coal India: Chairman
Thiruvananthapuram: The federal government will divest 10 percent equity in the state-run Coal India next fiscal, hoping to generate $8-10 billion, going by the valuation of a comparable Chines....
- Hosiery firm expects turnover to cross Rs.280 crore mark
Kolkata: Hosiery company Dollar Industries expects to achieve a turnover of Rs.280 crore this fiscal, a senior official said today.
"The company's turnover was Rs.218.68 crore....
- Reliance Industries raises Rs.2,675 cr from share sale
Mumbai: Reliance Industries (RIL) today raised Rs.2,675 crore through the sale of about 2.58 crore equity shares.
The stock was sold by Petroleum Trust -- a promoter unit of RIL -- at....
- Punjab-based towel manufacturer commissions new unit
Chandigarh: Punjab-based towel manufacturer Abhishek Industries Limited (AIL) with its Trident brand of towel range, exported extensively overseas, today commissioned a new towel unit in Barnal....
- Reliance Industries associate dies of heart attack
Mumbai: R. Ravimohan, associate director or Reliance Industries who was appointed to its board earlier this year, died here on Monday after a massive cardiac arrest, a company statement said.
....
- Provide cash to poor instead of subsidy: Infosys
Bangalore: Infosys Technologies director T.V. Mohandas Pai has advocated transfer of cash in place of subsidy schemes for the rural poor to eliminate poverty.
"By providing cash d....
- Small, medium sector to be economic activity hub: Industry
New Delhi: Micro, small and medium enterprises (MSMEs) will emerge as the hub of economic activity in India if the government earmarks 10 percent of its purchases from the sector and relaxes ba....
- After dismal year, realty firms see ray of hope in 2010
New Delhi: After five years of robust growth till the middle of 2008, the $14 billion Indian realty industry faced a major crisis this year, not just because of a sharp fall in demand but due a....
- Core industries grew 5.6 percent in November
New Delhi: Key sectors of the economy grew 5.6 percent in November, according to Commerce Minister Anand Sharma. "The six-core index has registered a growth of 5.3 percent in November 2009 ....
- Farm sector must grow at 4 percent, says Mukherjee
New Delhi: For India to achieve equitable growth, farm output will have to expand at 4 percent yearly, said Finance Minister Pranab Mukherjee here today.
"Our agricultural growth ....
- Soaring rubber prices a Christmas gift for Kerala
Thiruvananthapuram: Soaring rubber prices have come as a pleasant Christmas gift for planters in Kerala. Central districts -- home to a large number of Christians who make up 22 percent of the ....
- Food prices set to fall in January, says Montek
Kolkata: Admitting that food prices have soared "excessively", Planning Commission Deputy Chairman Montek Singh Ahluwalia said today that they would decline in January.
"I....
- Reliance Industries share case will be taken seriously: Khurshid
New Delhi: The letter from the markets watchdog calling for action against Reliance Industries for alleged irregularities in the private placement and buy-back of shares will be looked at serio....
- Reliance discovers more gas in Krishna basin
New Delhi: Reliance Industries has struck gas for the third successive time at its exploration block in the Krishna Godavari (KG) basin, the company said today.
RIL holds a 90 percent....
- India's services sector grew at faster pace in first seven months
New Delhi: India's services sector expanded at a faster pace in the first seven months of the current fiscal year compared to the like period last year, says a survey conducted by a leading....
- Industry chamber to teach good driving skills
New Delhi: In order to reduce the alarming numbers of road fatalities in the country, Confederation of Indian Industry on Friday joined hands with Shell India to inculcate good driving skills a....
- Chettinad Cement targets 13-mn tonne capacity by 2013
Chennai: The Rs.1,137-crore Chettinad Cement Corp plans to increase its annual production capacity to 13 million tonnes in two phases by 2013, the company said here today.
In the firs....
- A 'C' change at Chettinad Cement: from divinity to modernity
Chennai: The 47-year-old city-based cement maker Chettinad Cement Corp has witnessed a "C" change.
The Rs.1,137-crore flagship company of the Chettinad group has decided to ad....
- Hindustan Copper plans 10 percent follow-on offer
Kolkata: The public sector mini-ratna company Hindustan Copper has decided to come out with a follow-on public offer (FPO) to offload 10 percent of its equity after the government dilutes 10 pe....
- Audit of Reliance Industries gas fields soon: Minister
New Delhi: The Comptroller and Auditor General of India will examine the contract between Mukesh Ambani's Reliance Industries and the government in respect of the Krishna-Godavari gas field....
- Delhi starts single point clearance for new industries
New Delhi: No need to run from one department to another to obtain clearances - entrepreneurs interested in setting up units in the national capital can now approach the business facilitation c....
- Insurance firms to pay for pillion riders too
New Delhi: Families of pillion riders of two-wheelers and car passengers who die in road accidents will now be eligible for monetary compensation from insurance companies, thanks to the Delhi H....
- Business community not bothered about Hyderabad's future
Hyderabad: Will the city of Hyderabad remain with Andhra Pradesh or go to the proposed state of Telangana? The business community and industry are not bothered.
But business and indus....
- Industrial growth records at 10.3 percent
New Delhi: The industries in India recorded a growth of 10.3 percent in the month of October. This incident happened after this century's most dire economic crisis throttled the industrial ....
- Industry split over tightening of foreign borrowing norms
New Delhi: Leading industry lobbies today differed over the central bank's decision to tighten foreign borrowing norms on the ground that the liquidity crunch has eased considerably and it ....
- Hearing on Reliance gas dispute cancelled for today
New Delhi: The hearing on the high-profile Krishna-Godavari gas dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) was cancelled today, as Chief Justice K.G....
- L&T bags Rs.844 cr order from Nuclear Power Corp
New Delhi: Construction and engineering major Larsen and Toubro (L&T) has bagged a contract worth Rs.844 crore from the state-run Nuclear Power Corp of India Ltd (NPCIL), the company said t....
- Mallya ties up with Dutch brewer Heineken in India
Bangalore: Liquor baron and chairman of UB Group Vijay Mallya today entered into a strategic alliance with leading Dutch brewer Heineken NV to distribute its beer in India.
As per the....
- Government moots assistance for paper industry
New Delhi: The government will extend the Technology Upgradation Fund (TUF) to the paper industry, according to a senior official in the Department of Industrial Promotion and Policy.
....
- ABB bags Rs.506-cr order from Bangalore Metro
Bangalore: Leading power and automation technology group ABB today said it has won an order worth Rs.506 crore from Bangalore Metro Rail Corp to provide power solutions for the city's propo....
- Columbian firm buys 20 percent stake in RIL blocks
Mumbai: Columbia's state-run energy firm Ecopetrol has bought a 20 percent stake in two deepwater oil blocks being explored by Reliance Industries Ltd (RIL), the Indian company said today.
....
- Jaypee launches residential project
New Delhi: Jaypee Greens, a division of diversified infrastructure and industrial group Jaiprakash Associates, today announced the launch of a residential project at the Jaypee Greens Sports Ci....
- India-Myanmar gas pipeline in few years
Kolkata: Work on the much talked about gas pipeline between India and Myanmar via Bangladesh may take some shape in two to three years, Myanmar Ambassador U. Kyi Thein said here today.
....
- HNG group forays into float glass segment
Kolkata: The city-based Rs.1,500-crore glass manufacturer HNG group has forayed into the float glass segment by setting up its first float furnace at Halol in Gujarat, a company statement today....
- Six core industries grow 3.5 percent in October
New Delhi: India's six core sectors grew 3.5 percent in October compared to the same month last year, according to data released by the commerce and industry ministry today.
The s....
- Vedanta flouts rules in Orissa, central government wants to know why
New Delhi: The union environment ministry has written to the Orissa government asking why the controversial bauxite mining project by the private firm Vedanta had been allowed to start work in ....
- Tata's Singur land can be acquired for BHEL: Bengal minister
Kolkata: West Bengal Commerce and Industry Minister Nirupam Sen today said if state-run Bharat Heavy Electricals Ltd (BHEL) selected the land abandoned by Tata Motors in Singur, the state gover....
- Kolkata firm to set up cement plant in Meghalaya
Kolkata: City-based GNG group, which is engaged in international trading, mining and power projects, is setting up an integrated cement plant with an annnual capacity of one million tonnes in M....
- 'Anil Ambani entitled to earlier rights in RIL if de-merger fails'
New Delhi: Anil Ambani is legally entitled to be reinstated vice chairman of Reliance Industries Ltd (RIL) if its de-merger on the basis of the family pact fails, counsel for Reliance Natural R....
- Reliance Infrastructure awarded Rs.780-cr Haryana project
Chandigarh: The Haryana government has awarded a Rs.780-crore contract to Reliance Infrastructure for four-laning the Gurgaon-Faridabad road, state officials said here today.
The buil....
- Amended notice to Reliance Industries on insider trading
New Delhi: India's markets watchdog has issued an amended notice to Reliance Industries Ltd asking why it should not be barred from accessing the stock markets under rules governing fraudul....
- FICCI signs agreements with three US institutions
New Delhi: The Federation of Indian Chambers of Commerce and Industry (FICCI) today signed three agreements for cooperation with three leading US institutions.
The memorandums of unde....
- Fear of litigation halts SEZ de-notification: Goa chief minister
Panaji: Goa Chief Minister Digambar Kamat said fear of litigation had forced the central government to go slow on the de-notification of three special economic zones (SEZ) allotted to the state....
- RIL offers to withdraw affidavits of directors on Ambani pact
New Delhi: Reliance Industries Ltd today made a conditional offer in the Supreme Court to withdraw the affidavits of seven directors who claimed no knowledge of the contents of a family pact be....
- Ramsarup inks accord to sell power to West Bengal
Kolkata: Ramsarup Industries, which has interests in steel, power and infrastructure businesses, today said it has signed an agreement with the West Bengal government to sell power to it.
<....
- Mamata game for joint venture with West Bengal in Singur
Kolkata: A day after state-run Bharat Heavy Electricals Ltd (BHEL) officials visited the abandoned Tata Motors land in West Bengal's Singur, Trinamool Congress chief and Railway Minister Ma....
- Bharat Heavy Electricals mulls power plant at Singur
Singur (West Bengal): Top officials of state-run Bharat Heavy Electricals Ltd (BHEL) today inspected the abandoned site of Tata Motors here, initially intended for a factory to produce the smal....
- Larson and Toubro bags Rs.1,600-cr contract
Mumbai: Engineering and construction major Larsen and Toubro (L&T) has secured a Rs.1,635-crore contract from the Madhya Pradesh Power Generation Co for a 1,200 MW power project in Kahnadwa....
- Punj Lloyd forays into solar energy
New Delhi: Punj Lloyd, a diversified construction and engineering group, has tied up with Singapore-based Delta Solar to foray into the solar utility space, the company said today.
Th....
- Fairfax County in US beckons India Inc to invest
Bangalore: Fairfax County in Virginia state today invited India Inc to explore business opportunities in the US by investing in the county, especially in defence and aerospace sectors.
....
- Larsen and Toubro bags Rs.6,897 crore order
Mumbai: Construction and engineering major Larsen and Toubro (L&T) today said it had bagged a Rs.6,897 crore order from Maharashtra State Power Generation Co. (Mahagenco) to build three b....
- Haryana industry development firm earns Rs.60 cr
Chandigarh: The Haryana State Industrial and Infrastructure Development Corp posted an earning of over Rs.60 crore in 2008-09, Chief Minister Bhupinder Singh Hooda announced here today.
- McNally Bharat second quarter net profit Rs.3.6 crore
Kolkata: Engineering firm McNally Bharat Engineering (MBE) posted a net profit of Rs.3.6 crore for the quarter ended on Sep 30, against Rs.3.2 crore registered during the corresponding period l....
- Bajaj motorcycle sales grow 52 percent in October
Mumbai: Leading two-wheeler major Bajaj Auto today said its motorcycle sales grew 52 percent in October to 249,681 units, as against the 163,850 units it sold in the corresponding month last ....
- Job creation dips in small towns: Assocham
New Delhi: Job creation dipped by 12.1 percent in India's tier III cities in the first seven months this fiscal, indicating that the benefits of the government's stimulus measures are....
- Delhi plans new tech-friendly industrial policy
New Delhi: The new industrial policy of Delhi would be technology driven, permitting hi-tech, sophisticated IT enabled services to boost revenues and deter polluting industries, a government of....
- Five state-run firms to get higher Maharatna status
Kolkata: The centre has decided to confer within a month the status of "Maharatna" - a newly rolled-out grade for public sector enterprises - on at least five companies, giving them mor....
- Reliance Industries net profit drops 6 percent
Mumbai: The net profit of oil-to-petrochemicals major Reliance Industries (RIL) dropped 6.41 percent to Rs.3,852 crore (approximately $815 million) for the quarter ended on Sep 30, compared to ....
- India Inc planned investment jumps 52 percent
New Delhi: With easy access to funds, rising domestic demand and a revival of industrial production, planned investment of corporate India soared 52 percent in the second quarter over that re....
- Sterlite net drops 28 percent
Mumbai: Mining major Sterlite Industries reported a net profit of Rs.1,240.33 crore for the quarter ended on Sep 30, a 28-percent drop when compared to Rs.1,720.61 crore earned in the like quar....
- Eveready posts Rs.17.5-cr second quarter net
Kolkata: Dry battery major and packet tea seller Eveready Industries registered a net profit of Rs.17.54 crore for the quarter ended on Sep 30, as against Rs.2.26 crore earned in the correspond....
- India Cement net up 2 percent
Mumbai: Cement manufacturer India Cement today said its net profit for the quarter ended Sep 30 rose 2 percent to Rs.136.94 crore from Rs.134.27 crore it logged in the like quarter last year.
....
- German home appliance major enters Indian market
New Delhi: Miele, Germany-based manufacturer of high-end domestic appliances, today launched its high-end products in the Indian market.
"We have spent six years understanding the....
- Industry welcomes monetary policy, says stimulus still needed
Mumbai: Industry and think tanks today welcomed the central bank's shift in monetary policy stance, hoping that some parts of the stimulus would be retained as the economic recovery was s....
- India Inc's business confidence surges, says CII
New Delhi: The business confidence of India Inc. has improved in the wake of the economic revival, says a survey by the Confederation of Indian Industry (CII). Howevcr, slack consumer demand re....
- Delhi's new industrial policy to be IT driven
New Delhi: Delhi's first industrial policy since 1982 has been drawn up, and it will be IT driven, it was announced today.
According to an official statement, the policy will perm....
- RIL on austerity drive: Mukesh Ambani lowers his pay package
Mumbai: He wanted to set an example and he did it in a great way. Reliance Industries Chairman and Managing Director Mukesh Ambani has decided to cut down his pay package to Rs 15 crore for 200....
- L&T bags orders worth Rs.966 crore
Mumbai: Construction and engineering major Larsen and Toubro today said it has bagged orders worth Rs.966 crore from Sterlite Industries, Uttar Pradesh Jal Nigam and Gujarat Water Infrastructur....
- Punjab to extend scheme for sick units till Dec 31
Chandigarh: The Punjab government today decided to extend till Dec 31 this year the one-time settlement (OTS) scheme, launched to provide relief to sick industrial units.
"This de....
- ITC inks deal with Orissa to make incense sticks
Bhubaneswar: Fast moving consumer goods major ITC today signed a deal with Orissa for manufacturing incense sticks in the state - a move that officials say will provide additional income to mor....
- Industry to grow 7.5-8 percent this fiscal: Rangarajan
New Delhi: India's industrial recovery is well on track and the manufacturing output would expand by 7.5-8 percent this fiscal, a key economic adviser of the government said here today.
- India's industrial output up 10.4 percent in August
New Delhi: Further signs of recovery in Indian industry emerged today with the latest official data indicating a 10.4 percent growth in August over the same month last year.
Manufactu....
- Anil Ambani Group agrees to gas marketing margin under protest
New Delhi: Oct 9 (IANS) The Anil Dhirubhai Ambani Group has agreed to pay under protest a marketing margin to Reliance Industries for the gas supplied from the Krishna-Godavari basin, over and....
- Birla Corp on Forbes' list
Kolkata: Birla Corp, the flagship company of the MP Birla Group, has been included in the "Best Under a Billion" list by the Forbes Magazine.
Altogether 200 companies feature ....
- Anil Ambani group mulls defamation case against oil regulator
New Delhi: The Anil Ambani group today sought a thorough probe by the home ministry into alleged partisan conduct of Director General of Hydrocarbons V.K. Sibal and said it will file a criminal....
- Land takeover delays may cost projects worth $100 bn as per report
New Delhi: Prolonged delays in acquiring land for industrial projects could endanger potential investments worth $100 billion in India, according to an industry lobby report.
"Del....
- Indian business team heads for Iran to explore beyond oil
New Delhi: In a bid to look for bilateral economic ties that go beyond the energy sector, a 10-member business delegation is visiting Iran on a three-day mission starting today, coinciding with....
- We can build n-plants up to 3,000-4,000 MW: L&T
New Delhi: Engineering and Construction major Larsen & Toubro today said it can build nuclear power plants with generating capacity of 3,000-4,000 MW a year.
L&T chairman and ....
- NALCO mulling setting up of nuclear power plant
Bhubaneswar: The state-owned National Aluminium Company (NALCO) is in talks with another public sector undertaking to set up a nuclear power plant in the country, an official said today.
- India Inc.'s confidence up, but rising costs a concern
New Delhi: India Inc.'s confidence is up, though high interest rates and rising costs of raw materials and manpower have marred its capacity to do better, a survey released here today said.....
- Dunlop to resume production in Sahaganj factory
Kolkata: Kolkata-based tyre manufacturer Dunlop India will resume production at its Sahaganj factory in West Bengal around the Durga Puja festival in late September after remaining closed for 1....
- Saint Gobain Gyproc plans to double turnover
Chennai: Gypsum-based building solutions company Saint Gobain Gyproc India is hoping to double its turnover to Rs.600 crore by focussing on commercial and hospitality building segments.
- Top state-run firms to get Maha Ratna status
Bangalore: The government proposes to award Maha Ratna status to state-owned companies for greater functional autonomy to make higher investments, form joint ventures and expand capacity, Heavy....
- 'All profitable PSEs should be listed on stock exchanges'
Kolkata: All profitable public sector enterprises (PSEs) should be listed on the stock exchanges to realise their true worth and raise funds for the social sector and infrastructure projects, a....
- Reliance Industries reluctant to share records: Auditor
New Delhi: India's official auditor has said that Mukesh Ambani's Reliance Industries is reluctant to share information about its books of accounts for an audit of the Krishna-Godavari ....
- Associated Brokers launches its tea bulletin 'The Associated'
Kolkata: How about flipping through the pages of a bulletin devoted entirely to tea? Now that idea is not distant anymore as Associated Brokers has come up with a bi-monthly tea bulletin titled....
- Budweiser launched in north India
New Delhi: The national capital and its neighbouring regions just got a fresh new beer to guzzle with the launch of Budweiser by the leading global brewer Anheuser-Busch InBev here today.
<....
- Bihar clears 190 investment proposals since January 2006
Patna: The Bihar State Investment Promotion Board (SIPB) has cleared 190 investment proposals worth Rs.118,000 crore (Rs.1,180 billion/$24 billion) since January 2006, officials said.
....
- Bengal industrialists in race to praise Mamata
Kolkata: Railways Minister Mamata Banerjee, known for leading agitations against the Tata Group's small car project in Singur and a special economic zone in Nandigram, was lavishly praised ....
- Mamata pulls up Ruia, Dalmiya for delay in projects
Kolkata: Two industrialists - Pawan Kumar Ruia and cricket czar Jagmohan Dalmiya - were on Friday pulled up by Railway Minister Mamata Banerjee for failing to implement projects.
Bane....
- Indian businesses plan fresh wave of investment
New Delhi: Nearly 70 percent of Indian businesses believe that the country's economy would start recovering from the downturn by next year, with 50 percent of them planning fresh investment....
- Government not to sell stake in National Aluminium
New Delhi: The government has ruled out selling its stake in National Aluminium Co (NALCO) and Hindustan Copper Ltd.
"There are no plans to sell stake in these companies. I don....
- Industry offers help to ease sugar shortfall
New Delhi: India's sugar industry has offered all cooperation to the government to ease its shortfall in the domestic market, Agriculture Minister Sharad Pawar said here today.
&#....
- Kerala scam accused company posts $80-million profit
Toronto: Canada's SNC-Lavalin, which is at the centre of the alleged Rs 300-crore ($60 mn) bribery scandal in Kerala, has reported a higher profit of $80 million for the second quarter of 2....
- Bangalore firm plans retail chain for farm machinery
Bangalore: Agri-tech firm Ratnagiri Impex will set up a retail chain in rural India to market farming machinery such as sprayers, a top company official said.
"We plan to set up a....
- Punj Lloyd to raise Rs.670.18 crore
Mumbai: Engineering and construction major Punj Lloyd today said it will raise Rs.670.18 crore through private placement of securities or via qualified institutional placements (QIP).
....
- Bengal keen to set up industries on railway land
Kolkata: The West Bengal government on Wednesday requested Railways Minister Mamata Banerjee to hand over the excess railway land to the state government for developing small and medium-scale i....
- TED comes to India with its ideas for future
New Delhi: The world's biggest conference of ideas, TED (technology, entertainment and design) is coming to India this November.
TED will hold the first India edition of its confe....
- 233 state-run firms violating Companies Act: Minister
New Delhi: The government today said 233 state-run firms had violated the Companies Act by not appointing a whole-time company secretary.
"Every company having a paid-up share cap....
- Andhra cabinet allots land for industrial park in Visakhapatnam
Hyderabad: The Andhra Pradesh cabinet today approved a proposal for setting up an industrial park in the coastal district of Visakhapatnam and allotted over 300 acres of land for the project.
....
- RNRL tells RIL to keep government out of gas sharing row
New Delhi: Industrialist Anil Ambani's energy firm, locked in a legal battle with his elder brother Mukesh Ambani's Reliance Industries Ltd (RIL) over supply of natural gas from the Kri....
- More support for capital goods industry: Minister
Mumbai: The capital goods industry can expect more supportive measures from the government in the coming months, Heavy Industries Minister Vilasrao Deshmukh said here today.
"Our ....
- Malaysian PM grants more funds for ethnic Indian entrepreneurs
Kuala Lumpur: Malaysian Prime Minister Najib Tun Razak has announced funds equal to over $400,000 to assist ethnic Indians set up small-scale industries, marking a five-fold increase in the ann....
- Industrial output up by 2.7 percent in May
New Delhi: India's industrial production registered 2.7 percent growth in May - the highest since September last year - signalling economic recovery, fresh data showed today.
The ....
- 72 state-run firms have totally eroded net worth: Auditor
New Delhi: The equity investment in 72 public sector undertakings of the central government has been completely wiped out due to successive losses, eroding the net worth by a staggering Rs.78,6....
- Tata Motors, Jindal Steel get SAIL excellence awards
New Delhi: State-run steelmaker Steel Authority of India Ltd (SAIL) on Thursday announced its "SAIL HR Excellence Awards" for seven Indian manufacturing firms including Tata Motors and ....
- Andhra industry fears losing KG basin gas
Hyderabad: The national gas grid proposed in the union budget by Finance Minister Pranab Mukherjee today triggered fears in the Andhra Pradesh industry that the gas found in the Krishna-Godavar....
- Kumar Mangalam to head Kesoram after B.K. Birla
Kolkata: Kumar Mangalam Birla will succeed his grandfather Basant Kumar Birla as chairman of Kesoram Industries.
The 88-year old B.K. Birla made the disclosure while addressing shareh....
- Kerala seeks more central public sector units
Thiruvananthapuram: Kerala will ask the central government to set up more public sector units and centre-state joint ventures in the state to spur its industrial development, Industries Ministe....
- Commonwealth nations to explore green business
Bangalore: As the world grapples with economic meltdown, around 30 Commonwealth countries, including India, are set to explore small and green business opportunities for livelihood solutions to....
- Government may allow private cos to mine coal
New Delhi: The government is "strongly considering" to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, Coal Minister Sriprakash Jaiswal said ....
- Chemical industry leads in social work: study
New Delhi: The chemical industry undertook the maximum number of corporate social responsibility (CSR) initiatives during 2008-09, according to an industry lobby report.
The study by ....
- Vedanta committed to completing Orissa projects: Agarwal
Bhubaneswar: Britain-based Vedanta Resources, which has invested over Rs.25,000 crore (Rs.250 billion) in different projects in Orissa, was committed to completing all planned projects in the s....
- Industrialist Jit Paul dead
Kolkata: Leading industrialist Jit Paul, the patriarch of the Rs.20 billion Apeejay Surrendra Group and brother of NRI industrialist Swraj Paul, died here on Wednesday following old-age complic....
- PM expected to inaugurate BHEL's boiler plant
Chennai: Prime Minister Manmohan Singh is expected to inaugurate a new boiler plant of Bharat Heavy Electricals Limited (BHEL) at Tiruchirapalli this month, said a top company official here tod....
- Himachal Pradesh clears nine industrial proposals
Shimla: The Himachal Pradesh government has cleared nine industrial proposals worth Rs.256.99 crore, including one of Essar Group, Chief Minister Prem Kumar Dhumal said here today.
&#....
- Oil India IPO by September
New Delhi: Oil exploration major Oil India Limited (OIL) is likely to launch an initial public offering (IPO) in September, Petroleum Secretary R.S. Pandey said here today.
He, howeve....
- Maids, vegetable sellers set up polythene plant
Pune: A motley group of homemakers, maids, babysitters and vegetable vendors, some barely educated, has got together to set up a Rs.10-million (Rs.1 crore) polythene manufacturing plant here.
....
- Industrial projects in Chhattisgarh on halt for 9 years
Raipur: Chhattisgarh is set to examine why agreements that various companies have signed with the government since 2000 to set up projects in the state haven't been honoured.
Acco....
- MP, IL&FS tie up to develop industrial zones
Bhopal: The Madhya Pradesh government has signed an agreement with IL&FS Infrastructure Development Corp (IIDC) for the development of three industrial zones under the central government....
- Jammu and Kashmir plans package for industrialisation
Jammu: Jammu and Kashmir believes overhauling its sagging industry is the only way to revive the ailing state through development and job creation. An industrial policy complete with an incenti....
- Workers of MRF arrested, strike enters 15th day
Chennai: Striking workers at tyre major MRF's Arakonam plant and their family members, who were camping outside the labour commissioner's office here, were arrested today morning, a uni....
- Severe power crisis hit Ghaziabad industries
Ghaziabad: Amid sweltering heat, this city on the outskirts of the capital is reeling under a severe power crisis. A 17 to 19-hour daily power cut has hit, besides the common man, industries wh....
- L&T bags orders worth Rs.518.2 crore
Mumbai: Engineering and construction major Larsen and Toubro (L&T) today said its Oman subsidiary had secured three orders worth Rs.518.2 crore ($108.5 million) in the Gulf country.
- Syamal Gupta retires as Tata BP Solar chairman
New Delhi: Tata group veteran Syamal Gupta has retired as chairman of Tata BP Solar after 53 years with India's largest industrial house. He will be succeeded by the company's chief exe....
- NALCO to resume work at Orissa mine
Bhubaneswar: State-run National Aluminium Co Ltd (NALCO) will resume bauxite production at full capacity at its Panchpatmali mine in Orissa today, more than a month after the mine was attacked ....
- India's industrial output down 2.3 percent in March
New Delhi: India's industrial output fell for the third consecutive time in four months in March by a steep 2.3 percent compared to the same month last year, according to data released by t....
- BHEL's new fabrication policy upsets small vendors
Chennai: A majority of over 500 steel fabrication units in Tiruchirapalli, one of the major engineering hubs in the country, are facing a new challenge as Bharat Heavy Electricals Limited (BHEL....
- GHCL's Dalmia hits back at major shareholder
New Delhi: Gujarat Heavy Chemicals (GHCL) promoter and chairman Sanjay Dalmia today hit back at a prominent shareholder over allegations of fudging accounts, among other things, saying the per....
- 'Sugar industry should focus on carbon credit trading'
New Delhi: Indian sugar industry has the potential to save millions of dollars annually by engaging in carbon credit trading and focussing on ethanol production, a top government official said....
- Despite slowdown, Wipro BPO continues hiring
Hyderabad: Despite the economic slowdown, Wipro BPO, the business process outsourcing division of IT giant Wipro Technologies, is hiring personnel and expanding its operations globally, a top o....
- Biocon last quarter profit drops 61 percent
Bangalore: Biotechnology major Biocon today announced a decrease of over 61 percent in its net profit for the quarter ending March 31.
In a regulatory statement, Biocon said its unaud....
- Probe on attempted sabotage of Anil Ambani's chopper
Mumbai: The Mumbai police have begun a probe into the possible bid to sabotage a helicopter owned by industrialist Anil Ambani's group but have found no leads so far, investigating officers....
- Reliance Industries : 1 percent decrement in profits
Mumbai: India's largest private sector company, the Mukesh Ambani-led Reliance Industries, today reported a 1-percent drop in net profit for the quarter ended March 31, at Rs.3,874 crore (....
- West Bengal, Emami in pact for pulp, paper project
Kolkata: West Bengal Industrial Development Corp (WBIDC) and the city-based Emami Group on Friday inked a pact for setting up a greenfield integrated pulp and paper project at an investment ....
- Shutdowns 'undemocratic', says Amartya Sen
Kolkata: Terming shutdowns as "undemocratic", Nobel laureate economist Amartya Sen on Monday appealed to political parties, especially the opposition, in West Bengal to ensure that the strike....
- Tata Steel expects 10-15 percent sales growth in February
Kolkata: Tata Steel expects its February sales to grow 10-15 percent as compared to last month on the back of falling steel prices.
"In light of what is happening around the world, the Ind....
- India's business environment is very tough, says Japanese lobby
New Delhi: Describing the tax system in India as "too complicated and difficult to understand", a Japanese industry lobby on Thursday asked the commerce ministry to look into a number of "serio....
- India's industrial production falls 2 percent in December
New Delhi: After a marginal recovery in November, India's industrial production fell 2 percent the next month with no signs of abatement in the impact of the global meltdown on the country's ....
- Dr Reddy's claims Satyam land purchase was legal
Hyderabad: Leading pharmaceutical company Dr. Reddy's Laboratories has denied that the land it got on the outskirts of Hyderabad after acquiring Satyam Institute of E-business Ltd was assigne....
- Leather industry conference in Chennai from Thursday
Chennai: Facing tough times ahead on account of the economic meltdown in Europe and the US, around 160 participants will discuss the challenges and opportunities for the leather industry at a....
- Intel invests $23 mn in three Indian companies
New Delhi: Computer chipmaker Intel Corp?s global investment arm Intel Capital has invested $23 million in three Indian companies, the firm said on Wednesday.
The investment is part of the....
- India's industrial output up 2.4 percent in November
New Delhi: After registering a fall in October for the first time in 15 years on account of the global economic slowdown, India's industrial production rose by 2.4 percent the next month, lat....
- Ordinance issued to provide CISF cover to private industries
New Delhi: The Central Industrial Security Force (Amendment) Ordinance, 2009, which came into effect Saturday, will allow deployment of paramilitary troopers at private and joint sector busin....
- Government to meet industry leaders Wednesday
New Delhi: The government will meet corporate leaders on Wednesday to obtain inputs on the problems faced by the industry in the face of an economic slowdown. "We are holding a meeting tomorrow....
- Govt files fresh affidavit in dispute between Ambanis
Mumbai: The Bombay High Court today said a representative of the central government should be present when the hearing resumes November 27 on the disputed gas pricing case involving the compani....
- Industrial production rises faster in September
New Delhi: The Index of Industrial Production (IIP) stood at 4.8 per cent in September this year compared to 1.3 per cent in August. The IIP in the corresponding period last year was 7 per cent....
- Tube Investments to supply car doors for Nano
Chennai: Tube Investments of India (TI), a Rs 17.82-billion multi-product firm, has announced it will supply door frames to Tata Motors' small car Nano from its Pune manufacturing facility. Wit....
- Larsen and Toubro to foray into Brazil by 2009
New Delhi: Larsen and Toubro Ltd (L&T), India's largest engineering and construction conglomerate, will enter Brazil and South Africa by early next year. "We are planning to foray into South Af....
- MMTC to pick up stake in logistics firm's subsidiary
Chennai: Integrated logistics major Sical Logistics Ltd will shortly rope in MMTC India as a 26 per cent equity partner for its 12 million tonne iron ore terminal under construction at Enno....
- Onus on Mamata to resolve Singur stand-off: CII
Kolkata: The Confederation of Indian Industry (CII) on Thursday put the onus of resolving the stand-off over Tata Motors' Nano car project in Singur on Mamata Banerjee, West Bengal's chief oppo....
- Industrial growth at 7.1 pc in July
New Delhi: Industrial growth recovered to 7.1 per cent in July from the dismal performance in previous two months of the current fiscal, even though it moderated compared with 8.3 per cent reco....
- Infrastructure growth drops to 4.3 per cent in July
New Delhi: Six key infrastructure industries saw growth decline to 4.3 per cent in July from 7.2 per cent a year ago, but the numbers were better compared with the month ago performance of 3.4 ....
- Prime Minister concerned over data quality
New Delhi: Lamenting that industrial and agriculture data had become unreliable over a period of time, Prime Minister Manmohan Singh today strongly favoured corrective action both at the nation....
- Job portals to lose business if slowdown continues
Chennai: Present economic slowdown is appearing to have its cascading effects on the job portal players of the country and they may have to look for other business options as the industry would....
- Land acquisition for public purpose is justified: SC
New Delhi: Amidst the debate over acquisition of agricultural lands for industrial units or special economic zones (SEZs), the Supreme Court has held that the government as a "sovereign power c....
- High gas prices close most of India's tile-making units
Ahmedabad: The tile industry in Gujarat's Morbi town, which accounts for about 70 per cent of all tiles made in India, is on the verge of collapse due to high fuel prices. About 80 per cent of ....
- Matchbox prices go up after 15 years, to cost a rupee
Chennai: A box of safety matchsticks will now cost Re 1, a 50 paise price hike after a gap of 15 years. S Sriram Ashok, president of the All India Chamber of Match Industries-Sivakasi, said tha....
- ONGC plans to invest $800 mn in Imperial Energy
Kolkata: The Oil and Natural Gas Corp (ONGC) plans to invest around $800 million in Imperial Energy Plc if and when ONGC Videsh takes over the foreign company."We will have to shell out a....
- Subsidy on sugar exports must end: Chidambaram
Mumbai: Finance Minister P Chidambaram today said that the subsidy given to sugar exporters has to be phased out as India had emerged as a major player in the global markets in 2008.
....
- Japanese sanitaryware firm plans factory in India
Chennai: Japan-based global sanitaryware company Toto Limited on Saturday said that it would set up a manufacturing plant in India once its annual sales turnover crosses Rs 7 billion (USD 162.8....
- IIFCL sanctions Rs 173.6 bn loans to 81 projects
Kozhikode: India Infrastructure Finance Co Limited (IIFCL), the wholly-owned special purpose vehicle of the government, has sanctioned loans worth Rs 173.6 billion (USD 4.04 billion) to 81 infr....
- Tata Tea to divest plantation arm stake to workers
Kolkata: Tata Tea Limited will divest 29 per cent of its stake in demerged subsidiary Amalgamated Plantation Private Limited to its tea plantation workers in Assam and West Bengal within six mo....
- IFFCO plans Rs 30 bn expansion at Gujarat plant
Ahmedabad: Leading fertiliser maker Indian Farmers Fertiliser Cooperative Ltd (IFFCO) has said that it will expand the production capacity of its Kalol urea plant in Gujarat at a cost of Rs 30 ....
- Fertiliser industry urges govt to release subsidy soon
Chandigarh: The Indian fertiliser industry has urged the government to immediately release some funds under the subsidy account to ensure its survival, a top industry official has said.
<....
- Indian economy to grow at 7.7 per cent
New Delhi: The Indian economy is likely to grow at a rate of 7.7 percent in 2008-09, compared to 9 per cent in the last fiscal, predicts the government's economic outlook report released here t....
- Industrial growth in India slips to 5.4 per cent
New Delhi: A slowdown in the manufacturing sector pulled down India's industrial growth in June to 5.4 per cent from 8.9 per cent a year ago, but consumer sector nursed its way back to health g....
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