India Business News

Thu, 07 Aug 2008
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Gujarat to get 2 new cement projects after 10-year lull

After a lull of nearly a decade, two large greenfield cement projects are coming up in the western Indian state of Gujarat.

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Nasscom offers to promote IT industry in Punjab

The National Association of Software and Services Companies (Nasscom) Thursday said it will extend full support for the development of IT and IT enabled services (ITES) industry in Punjab.

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Bank of India hikes interest rates

The state-owned Bank of India Thursday raised its lending rates by 75 basis points from the existing 13.25 percent to 14 percent.

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Union bank and IndusInd bank hike prime lending rates

Indian public sector bank Union Bank of India announced here Thursday a hike in its benchmark prime lending rate (PLR) by 75 basis points to 14 percent.

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Government approves release of 3G spectrum for BSNL and MTNL

The government has approved release of one block of 3G spectrum each to BSNL and MTNL, communications minister A. Raja said Thursday.

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Bharat Sanchar Nigam public offer still hanging in meetings

The state-owned telecom company Bharat Sanchar Nigam Ltd (BSNL) is yet to take a decision on its proposed initial public offer, Telecom Minister Thiru A. Raja said here Thursday.

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Bharat Sanchar Nigam public offer decision stuck in meetings

The state-owned telecom company Bharat Sanchar Nigam Ltd (BSNL) is yet to take a decision on its proposed initial public offer, telecom minister Thiru A. Raja said here Thursday.

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Equity markets end with marginal gain ahead of weekly inflation data

Indian equity markets ended on a cautious note Thursday with a marginal gain, ahead of the weekly inflation data.

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Fashion designers aim to create industry lobby

A group of prominent Indian designers have come together to create what they hope will become an industry lobby much in the manner of those that promote India Inc.

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Corporation Bank hikes prime lending rate by 50 basis points

Indian public sector bank Corporation Bank revised its benchmark prime lending rate by 50 basis points Thursday in order to cope with the increase in the cost of funds, a bank statement said.

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Equity markets closed in the green

Indian equity markets closed marginally in the green Thursday.

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Railways looking to enhance exports to developing countries

Diesel Locomotive Works (DLW), an Indian Railways production unit here, is all set to become a hub for exports to developing nations, especially in Africa and the Middle East.

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Bharat Sanchar Nigam public offer still being discussed

The state-owned telecom company Bharat Sanchar Nigam Ltd (BSNL) is yet to take a decision on its proposed initial public offer, telecom minister Thiru A. Raja said here Thursday.

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Meteor showers to make sky sparkle Aug 12

The night sky will be streaked with light in a celestial spectacle put up by the Perseids meteor showers Aug 12.

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Equity markets flat early afternoon

Indian equity markets stayed flat early Thursday afternoon after highly volatile trading. Capital goods, oil and gas stocks were under selling pressure while metal and auto stocks were in demand.