India Business News
Orissa Chief Minister Naveen Patnaik has invited Tata group chairman Ratan Tata to shift his Nano project to the state, an official said Saturday.
'We have lost everything' was the anguished cry of villagers in this rural pocket of West Bengal's Hooghly district Saturday, a day after the Tatas pulled out the Nano project from the area.
Medha Patkar of the Narmada Bachao Andolan (NBA), who had joined hands with the Trinamool Congress chief Mamata Banerjee in the struggle against land acquisition for Tata Motors' Nano project in West Bengal, has welcomed the company's decision to shift the project.
In an effort to create awareness about global warming, young designer duo Parvesh and Jai have innovated with plastic and polythene bags as embellishments for their 'Ethical' collection to be showcased at the Wills Lifestyle India Fashion Week (WIFW) here Oct 15-19.
They had invested millions in their small units, all meant to serve the Nano. Now with Tata Motors announcing the pullout of its small car project from West Bengal, these vendors in Singur are just beginning to tot up their losses and trying to close their eyes to the writing on the wall.
Private sector port major Gujarat Pipavav Port Ltd (GPPL) is investing Rs.142 billion ($3 billion) to build new container yards to ramp up capacity, company officials said.
Amid weak global cues and the news of signing of the $700 billion bailout plan coming only late on Friday night, Indian equities market ended the week with big losses despite a bit of a rally mid-week.
The dismay and shock are yet to get over. For the people of Kolkata, the finality of Tata Motors' decision to shift the Nano small car project out of West Bengal is like the end of a dream for a better future for the state.
Riding on the demand of theme amusement parks in the country, the industry is expecting to grow at a robust rate of 25 percent every year, a senior official said.
Lambasting the Trinamool Congress-led opposition for causing Tata Motors to pull out from West Bengal, the state government Friday said 80 million people in the state would suffer for the 'irresponsible' and 'destructive acts' of a few.
West Bengal's ruling Left Front (LF) Friday described the Tata Motors' decision to 'hurriedly' move its Nano car project out of West Bengal as 'unfortunate'.
A worker at a medicine manufacturing plant died in Uttar Pradesh's Ghaziabad district, adjoining the national capital Delhi, following leak of a poisonous gas, the police said Friday.
Rajendra Lodha, chartered accountant and disputed beneficiary of Priyamvada Birla's will, died of a heart attack in London Friday.
Indian industry and the government were dismayed by the Singur developments, with a cross-section of India Inc describing the situation as unfortunate.
The German state of Lower Saxony will shortly open an office in Mumbai to facilitate trade and business relations with Maharashtra, it was announced here Friday.

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