India Business News

Sun, 28 Sep 2008
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'Kerala IT companies closely monitor US economic crisis'

The IT companies in Kerala, many of which have huge business interests in the US, are closely monitoring the financial crisis in that country, according to a top industry official.

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Readying for trans-LoC trade at Poonch

Days after Prime Minister Manmohan Singh and Pakistan President Asif Ali Zardari announced in New York the launching of cross-border trade from October, the Jammu and Kashmir government made a beginning Sunday by laying the foundation stone for a trade centre at Poonch near the border.

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The glass ceiling is breaking, but slowly: Women honchos

Women leaders in India's corporate world, though still small in numbers, see the situation changing for the better as the gender divide narrows and the glass ceiling disintegrates.

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Left Front hopeful of Metro Cash and amp; Carry solution

West Bengal's ruling Left Front was Saturday hopeful of resolving the differences between two of its constituents over renewing the licence of German wholesale major Metro Cash and amp; Carry.

Sat, 27 Sep 2008
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Forward Bloc opposes Metro Cash and amp; Carry licence

The Forward Bloc (FB), a member of West Bengal's ruling Left Front (LF), Saturday asked the state government to withdraw by Sep 30 its decision to renew the licence of German wholesale major Metro Cash and amp; Carry.

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Kerala sticks to its stand, would not split power board

Kerala Electricity Minister A.K. Balan Saturday said the state government will stick to its decision to restructure the Kerala State Electricity Board (KSEB) into a single company in the public sector.

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'Localisation and cost cutting important for power sector'

The domestic power industry should look for indigenous technology to stay cost-competitive, a top industry official said here Saturday.

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China Eastern Airlines to increase frequency in India

China Eastern Airlines, which connects Delhi and Kolkata with three Chinese cities - Shanghai, Beijing and Kunming - will increase its operations in India from next month, airline sources said.

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Open three waterways to harvest flood water: expert

With many states not agreeing on the river inter-linking project, an expert Saturday proposed an alternative plan to harvest flood water - open three major waterways across the country that will be connected through a network of canals.

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Andhra Pradesh to sign public transport deal with US

The Federal Transit Administration (FTA) of the US will soon sign a memorandum of cooperation (MoC) with the Andhra Pradesh government for strengthening the public transport system in Hyderabad and other major cities in the state.

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Apollo to set up 200 diabetes clinics in India

Private sector health care major Apollo Hospitals Saturday announced it will set up 200 clinics across the country to provide a comprehensive diabetes management.

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Bhagat Singh's commemorative coin sparks a row

The commemorative coins released Saturday on freedom fighter Bhagat Singh at his ancestral village Khatkar Kalan in Punjab's Nawanshahr district generated a political controversy with Chief Minister Parkash Singh Badal objecting to the photograph of the martyr used on the coins.

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Want to meet T-Rex? Go to Jharkhand

Want to know more about the ferocious T-Rex and his friends? Well, there's good news for you, as the forest department of Jharkhand plans to establish a dinosaur park in the state.

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Satluj Jal Vidyut Nigam declares Rs.2.44 bn dividend

Government-run hydroelectric major Satluj Jal Vidyut Nigam (SJVN), which is operating the 1,500 MW Nathpa Jhakri Hydropower Project in Himachal Pradesh, has declared its highest dividend of Rs.2.44 billion ($53 million) for 2007-08.

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Prisoners-run petrol pump crosses Rs.10 million monthly turnover

Prisoners at the Raipur central jail in Chhattisgarh have scripted a success story, as a petrol pump run by them crossed a monthly turnover of Rs.10 million, a minister said Saturday.