India Business News

Fri, 18 Jul 2008
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Maxwell in talks with European brands

Textile firm Maxwell Industries Ltd announced Thursday that it was in talks with two premium European inner-wear brands for a joint-venture partnership or a marketing tie-up.

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Maytas launch first SEZ for IT, ITES in Hyderabad

Maytas Properties Ltd, a leading property development company, Thursday launched its first special economic zone (SEZ) for IT and IT enabled services (ITES) here.

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Mumbai eastern freeway project gets underway

The Maharashtra government Thursday announced the launch of the Rs.5.3 billion ($126 million) eastern freeway project (EFP) to provide a direct link to the Eastern Express Highway (EEH) and south Mumbai.

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Maruti holds mela in Nano backyard

Car maker Maruti Suzuki India Ltd held an exhibition of its small cars Thursday at Singur, from where Tata Motors' Nano, the world's cheapest car, is set to roll out in October.

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Gujarati apparel makes a splash in the capital

If snacks like khakras, dhoklas and khaman are not enough to give you a flavour of Gujarat, then head for apparel outlet Hansiba that unveiled 19 designs of its 'Varakh' collection's premium range here Thursday.

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War of words among two Reliance groups continues

The war of words between the Anil Dhirubhai Ambani Group (ADAG) and Reliance Industries over the proposed consolidation talks with South African telecom giant MTN continued Thursday - this time over an arbitration notice.

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Neyveli Lignite workers union calls off strike

The strike by workers at the Neyveli Lignite Corporation Ltd (NLC) was called off Thursday after talks between the management and the PMK-backed Pattali Thozil Sangam (PTS).

Thu, 17 Jul 2008
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Gujarat Ambuja to dispose of Shimla's polythene waste

The country's leading cement maker Gujarat Ambuja Cements Ltd (GACL) is undertaking a new task in this capital city of Himachal Pradesh - disposing of the city's polythene waste. The company has reached an agreement with the Shimla Municipal Corporation in this regard.

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New micro-finance project for rural households launched

Leading Indian financial institutions and a non-profit organisation Thursday launched a new micro-finance initiative that will help mentor fresh business plans and cottage enterprises for rural households.

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Nepal hopeful of increasing trade with India

Despite tremendous changes in the political scenario, Nepal remains an 'investment-friendly' country, and expects the bilateral trade with India to go up significantly, said the Himalayan nation's ambassador in India here Thursday.

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Court extends custody of accused in wheat import fraud

A city court Thursday extended by four days the police custody of former State Trading Corp (STC) chief managing director S.M. Dewan and official H.R.Sardana, who are accused of irregularities in the import of wheat from Australia in 1998.

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India develops gas turbines for ships

Catapulting India into the elite club of marine gas turbine producers, the Defence Research and Development Organisation (DRDO) has modified the Kaveri engine, meant for powering the indigenous Light Combat Aircraft (LCA) enable it propel naval ships.

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Move to trace defrauded housing scheme members

The Delhi High Court Thursday directed the Registrar of Cooperative Societies (RCS) to issue a public notice to identify the genuine members affected by a Rs.40 billion scam in the allotment of flats in the group housing scheme.

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ICI India to open new paint plant by 2010

Paint maker ICI India Ltd announced Thursday that it will set up a new decorative paints plant, with a capacity of over 100 million litres per year, by 2010.

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CPI-M seeks rejection of WTO draft

The Communist Party of India-Marxist (CPI-M) Thursday demanded the government reject the World Trade Organisation's (WTO) revised drafts on agriculture at the trade body's mini-ministerial meeting beginning July 21 in Geneva.