The Congress in Kerala has levelled corruption charges against the Left Front government over a proposed titanium sponge plant, the contract for which is reportedly being given to Russia-based Rosoboron Exporters.

Kolkata-based Xenitis Group, which rocked the market in 2005 with its desktop computers Aamchi PC and Apna PC, has projected a turnover of Rs.13 billion for 2008-09. It now plans to enter the mobile handset market also.

The Indian equities market plunged by more than 800 points this week due to rising crude oil prices and inflation, dampening the sentiments of investors. All the five trading session of the week ended in negative.

Ansal Housing and Construction (AHC) has bagged contracts worth Rs.485 million ($12 million) from the Lucknow Development Authority (LDA) for a housing project.

Increased fuel surcharges and high air fares have drastically affected the domestic air passenger growth this year, according to a report by the Centre for Asia Pacific Aviation (CAPA).

India's banana exports crossed a new milestone Friday when a container load of the fruit bound for Jeddah left this industrial town in Gujarat's Bharuch district.

The major driving force behind global economic growth is new technologies and India has to find innovative technological solutions if it wants to ensure 10 percent growth, Godrej Group chairman Adi Godrej has said.

Infotech Enterprises Ltd Friday announced that it has been awarded a three year contract to provide solutions in geographic information services (GIS) and data management services by Powercor Australia Ltd, one of the largest electricity distribution companies in Australia.

Kerala Chief Minister V.S. Achuthanandan Friday said software exports from the state touched Rs.12 billion for the last fiscal.

The cabinet committee on economic affairs (CCEA) Friday approved Essar Power Ltd's (EPL) proposals to become a holding company and to infuse up to Rs.80 billion as equity.

India's annual rate of inflation rose to a new high of 7.61 percent for the week ending April 26, it was announced Friday, but Finance Minister P. Chidambaram sought to tone down worries by assuring that the government was taking corrective measures to rein in prices.

The cabinet committee on economic affairs (CCEA) Friday approved a proposal of real estate major Rakindo Developers to set up a subsidiary with foreign direct investment (FDI) up to $250 million.

Kotak Mahindra Bank has announced a consolidated profit after tax (PAT) of $247.80 million (Rs.9.912 billion) during the fiscal year 2008 compared to $134.55 million for the previous year, recording a growth of 84 percent.

Indian equities markets plummeted sharply Friday, with heavy selling in key sector scrips, mirroring international market trends.

Xanadu, the upcoming trendy studio apartment project that is targeted at young professionals and NRIs, will be unveiled here Saturday.