India Business News

Fri, 09 May 2008
Popular news articlePopular news article
Email news article Open in new window
Ansal Housing bags Rs.485 mn order in Uttar Pradesh

Ansal Housing and Construction (AHC) has bagged contracts worth Rs.485 million ($12 million) from the Lucknow Development Authority (LDA) for a housing project.

Popular news articlePopular news article
Email news article Open in new window
'Fare hike, surcharges detering domestic air traffic growth'

Increased fuel surcharges and high air fares have drastically affected the domestic air passenger growth this year, according to a report by the Centre for Asia Pacific Aviation (CAPA).

Popular news articlePopular news article
Email news article Open in new window
Indian banana sets sail for Saudi Arabia

India's banana exports crossed a new milestone Friday when a container load of the fruit bound for Jeddah left this industrial town in Gujarat's Bharuch district.

Popular news articlePopular news article
Email news article Open in new window
'Innovative technologies necessary for economic growth'

The major driving force behind global economic growth is new technologies and India has to find innovative technological solutions if it wants to ensure 10 percent growth, Godrej Group chairman Adi Godrej has said.

Popular news articlePopular news article
Email news article Open in new window
Infotech awarded contract by Australian firm

Infotech Enterprises Ltd Friday announced that it has been awarded a three year contract to provide solutions in geographic information services (GIS) and data management services by Powercor Australia Ltd, one of the largest electricity distribution companies in Australia.

Popular news articlePopular news article
Email news article Open in new window
Kerala software exports touch Rs.12 bn

Kerala Chief Minister V.S. Achuthanandan Friday said software exports from the state touched Rs.12 billion for the last fiscal.

Popular news articlePopular news article
Email news article Open in new window
Essar Power's investment plans approved

The cabinet committee on economic affairs (CCEA) Friday approved Essar Power Ltd's (EPL) proposals to become a holding company and to infuse up to Rs.80 billion as equity.

Popular news articlePopular news article
Email news article Open in new window
Chidambaram calls rising inflation a global phenomenon

India's annual rate of inflation rose to a new high of 7.61 percent for the week ending April 26, it was announced Friday, but Finance Minister P. Chidambaram sought to tone down worries by assuring that the government was taking corrective measures to rein in prices.

Popular news articlePopular news article
Email news article Open in new window
Government approves Rakindo's investment plans

The cabinet committee on economic affairs (CCEA) Friday approved a proposal of real estate major Rakindo Developers to set up a subsidiary with foreign direct investment (FDI) up to $250 million.

Popular news articlePopular news article
Email news article Open in new window
Kotak Mahindra's profit up 84 percent

Kotak Mahindra Bank has announced a consolidated profit after tax (PAT) of $247.80 million (Rs.9.912 billion) during the fiscal year 2008 compared to $134.55 million for the previous year, recording a growth of 84 percent.

Popular news articlePopular news article
Email news article Open in new window
Sensex plummets by over 400 points

Indian equities markets plummeted sharply Friday, with heavy selling in key sector scrips, mirroring international market trends.

Popular news articlePopular news article
Email news article Open in new window
Kolkata's new studio apartments to be unvelied Saturday

Xanadu, the upcoming trendy studio apartment project that is targeted at young professionals and NRIs, will be unveiled here Saturday.

Popular news articlePopular news article
Email news article Open in new window
Equities markets stay flat early afternoon

The Indian equities market continued to trade flat early Friday afternoon trade due to selling pressure across key sectors spurred by the international oil prices notching a new high - almost $125 per barrel.

Popular news articlePopular news article
Email news article Open in new window
Air India mulls plans for major rationalisations

The National Aviation Company India Ltd (NACIL), formed after the merger of Air India and Indian, is forming strategies to enhance the airline's operations and turn it into a profitable venture.

Popular news articlePopular news article
Email news article Open in new window
Ansal Housing bags Rs.485 mn order

Ansal Housing and Construction have bagged contracts worth Rs.485 million from the Lucknow Development Authority (LDA) for a housing project.