India Business News

Fri, 26 Dec 2008
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Inflation rate continues dip, drops to 6.61 percent

India's annual rate of inflation continued its downward trend, dipping to 6.61 percent for the week ended Dec 13 as compared to 6.84 percent the week before, official data released Friday said.

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Indian equities rise day after Christmas

Indian equities markets rose smartly Friday, a day after the Christmas break, with a key index rising about 100 points and holding on to those levels at noon.

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Inflation dips further, drops to 6.61 percent

India's annual rate of inflation dipped further to 6.61 percent for the week ended Dec 13 from 6.84 percent the week before, official data released Friday said.

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Equity markets rise on opening

Indian equity markets opened higher Friday with a key index rising about 100 points above Wednesday's close, about 15 minutes into trading.

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Hope for Chiru, as Pashmina shawls make comeback

There was a time when the Tibetan antelope Chiru used to be slaughtered en masse for wool to make expensive Shahtoosh shawls. But today more and more Kashmiri artisans who produced these are switching to Pashmina, giving the endangered species a new lease of life.

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Mumbai attack fallout: Delhi hotels fortified

Wary guards, metal detectors and X-ray machines - a month after the Mumbai terror attacks, five star hotels in the capital have left no stone unturned to equip themselves to deal with any untoward incident.

Thu, 25 Dec 2008
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NASA instrument on Chandrayaan finds minerals on moon

The moon mineralogy mapper (M3), a scientific instrument of the National Aeronautics and Space Administration (NASA) onboard India's first lunar mission Chandrayaan-1, found iron-bearing minerals on the lunar surface, the US space agency said Thursday.

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Modi dedicates 'Atal Express' to children

Inaugurating a festival as part of a project to develop the Kankaria lake front here, Gujarat Chief Minister Narendra Modi named a mini-train for children after former prime minister Atal Bihari Vajpayee who turned 84 Thursday.

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100 percent collections for 'Ghajini' on opening day

Actor Aamir Khan's latest film 'Ghajini' rocked the box office, taking in 100 percent collections across the country on its opening day Thursday, an executive of the movie's India distributor said.

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Reliance Petroleum commissions second refinery in Jamnagar

Reliance Industries Ltd (RIL) Thursday commissioned its second refinery in Gujarat, which has a capacity to process 580,000 barrels of oil per day.

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Satyam demands apology from World Bank

Taking objection to certain statements made by the World Bank, India's fourth largest software services company Satyam Computer Services Thursday demanded an apology from the international aid institution.

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Bureaucrats to supervise mid-day meals in Chandigarh

Middle-level bureaucrats in the union territory of Chandigarh will now supervise the preparation of mid-day meals for government school children in the city.

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Over two million personal computers shipped in third quarter

About 2.27 million personal computers (PCs) were shipped in India during the third quarter this year, reflecting a growth of 1.7 percent as compared to the corresponding period last year, according to a recent IDC's India Quarterly PC Tracker 2008 third quarter survey.

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Dabur to set up second unit in Himachal Pradesh

Dabur India Ltd, with business interest in healthcare, personal care and food products, has got the green signal from the Himachal Pradesh government to set up another medicine manufacturing unit in the state, a senior official said here Thursday.

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Firms should co-create with customers: C.K. Prahalad

US-based management guru Coimbatore Krishnarao Prahalad says companies should join hands with customers to co-create products of value.