India Business News
No more scrambling from one place to another to pay telephone, water and electricity bills or even to buy stamp papers and file RTI pleas, thanks to the Chandigarh administration's 'e-Sampark' centres that provide all these facilities and more under one roof.
After registering the steepest weekly rally in 17 years, Indian equities resumed trading on a positive note Monday despite some weak global cues even as investors awaited clear policy signals from the new government before taking positions.
A significant section of Indians settled in Britain say they will contribute more to India's development now that the Congress has won the elections to form a stable government, but is lobbying for two nominated NRI members in parliament.
The budget session of the Jammu and Kashmir assembly will be held in July, the state's finance minister said Sunday.
Malvinder Mohan Singh has stepped down as chairman, managing director and chief executive of India's largest pharmaceutical company, Ranbaxy Laboratories, which was acquired last year by Japan's Daiichi Sankyo.
The board of Reliance Infrastructure, promoted by the Anil Ambani group, Sunday approved issuing up to 43 million preferential shares to its founders and other investors to raise about Rs.4,300 crore ($913 million).
Malvinder Mohan Singh has stepped down as chairman, managing director and chief executive of India's largest pharmaceuticals company, Ranbaxy Laboratories, which was acquired last year by Japan's Daiichi Sankyo.
Three contract labourers were killed in an accident at a process vehicle in the Haldia Petrochemicals Limited plant in West Bengal Sunday, an official said.
Gujarat will shortly contact Sri Lanka following its offer of assistance to set up resorts along the state's 1,600-km coastline.
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 incentive package is being worked out to attract entrepreneurs from all over the country.
An Indian project management firm wants to participate in the building of Ethiopia's 5,000-km national railway network that will also link it with neighbouring Djibouti in the Horn of Africa.
India's $2.5 billion entertainment industry is little affected by the slowdown and has emerged as the highest spender on advertisement and the best paymaster, says a study conducted by a leading lobby.
The The eagerly awaited southwest monsoon hit Kerala Saturday, a week ahead of its normal date, bringing cheer to farmers in the state.
Finance minister Pranab Mukherjee Saturday promised every effort to lift the Indian economy out of the current slowdown and said the regular budget will be presented in due course.
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 Saturday morning, a union official said.

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