India Business News

Mon, 14 Jul 2008
Popular news articlePopular news article
Email news article Open in new window
Volkswagen posts 69 percent sales growth in India

Europe's leading automobile manufacturer Volkswagen Group notched a 69 percent growth in sales of its Audi, Skoda and Volkswagen brands in India this year.

Popular news articlePopular news article
Email news article Open in new window
Credit offtake by India Inc excellent: Kamath

Credit offtake by India Inc during the first quarter (April-June) of this fiscal has been excellent though consumer credit has slowed down, said Confederation of Indian Industry (CII) president K.V. Kamath here Monday.

Popular news articlePopular news article
Email news article Open in new window
Mahanadi anicut to meet Naya Raipur's water needs

The Chhattisgarh government will spend Rs.315.8 million ($7.3 million) to construct an anicut on Mahanadi river to ensure water supply to the upcoming mega satellite city, Naya Raipur.

Popular news articlePopular news article
Email news article Open in new window
Bailout package for Air India on cards

National Aviation Co of India Ltd (NACIL), which runs the state-owned carrier Air India, may get a bailout package soon to meet the losses incurred due to rising aviation fuel prices and operational costs, a top government official said.

Popular news articlePopular news article
Email news article Open in new window
Mukesh Ambani meets PM amidst demand for windfall tax

Reliance Industries Limited (RIL) chairman Mukesh Ambani Monday met Prime Minister Manmohan Singh Monday amid calls for the imposition of a windfall profit tax (WPT) on private petroleum firms.

Popular news articlePopular news article
Email news article Open in new window
Himachal Pradesh to promote wind power energy

Buoyed by the success of hydro power projects, the Himachal Pradesh government is now planning to tap wind power potential in a big way.

Popular news articlePopular news article
Email news article Open in new window
US furniture chain in SEZs as part of India retail plan

Indo Rama Retail Holdings Pvt Ltd, the Indian franchisee of the US-based Office1Superstores, is planning to set up stores inside special economic zones (SEZ) as part of its ambitous plans to set up a chain of stores across the country to cater to the growing demand for quality office stationery.

Popular news articlePopular news article
Email news article Open in new window
A village council that gives credit cards to villagers

Most households in the Jaltara village in Madhya Pradesh's tribal dominated Mandla district have credit cards. The village council, in an unique initiative, has provided them cards that enable villagers to avail low-erest loans to support their livelihood activities.

Popular news articlePopular news article
Email news article Open in new window
Nine years on, court issues notice on Chennai steel market

Government decisions often remain only on files to be forgotten -- but a 9-year-old unimplemented order has drawn notice of the high court here following a PIL.

Popular news articlePopular news article
Email news article Open in new window
Ahlstrom to set up Rs.2.8 bn fabric plant in Gujarat

Singapore-based Ahlstrom Asia Holding has announced setting up of a fabric manufacturing plant in Mundra special economic zone (SEZ) in Kutch district of Gujarat with a proposed investment of Rs.2.8 billion.

Popular news articlePopular news article
Email news article Open in new window
Indian firm acquires Germany's top ceramic filter makers

IFGL Refractories has acquired Germany-based Hofmann Group of Companies, leading manufacturers of ceramic special filters used by foundries, July 4, said company director and chief executive Pradeep Bajoria here Monday.

Popular news articlePopular news article
Email news article Open in new window
Market ends with loss in choppy trade

Mumbai, July 14 (IANS )The Indian equities market ended the day with loss amidst choppy trade. Selling pressure was witnessed by technology, FMCG and select banking stocks.

Popular news articlePopular news article
Email news article Open in new window
With liquor shops closed, blackmarketing flourishes in Jharkhand

Liquor shops in Jharkhand have been closed for the past two weeks as the government has issued strict guidelines for renewing licences of alcohol outlets. But that hasn't stopped liquor sales and blackmarketeers are having a field day.

Very popular news articleVery popular news articleVery popular news article
Email news article Open in new window
Power-cuts rile Tamil Nadu industrialists, farmers

Unannounced power-cuts have triggered state-wide ire, said opposition sources and farmer bodies' representatives in Tamil Nadu Monday.

Popular news articlePopular news article
Email news article Open in new window
Market closes 140 points down

The Indian equities market closed with a loss Monday.