India Business News

Thu, 08 May 2008
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Garlands of currency: wedding party's joy is RBI's headache

The Reserve Bank of India (RBI) is in a fix as its directive to discourage people from using garlands made of currency notes - a common feature in north Indian weddings - seems to be falling on deaf ears.

Wed, 07 May 2008
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More than 200 child workers rescued in Ranchi

More than 200 child labourers were rescued from different hotels and dhabas (eateries) of Ranchi Wednesday.

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Sutherland to set up global campus in Chennai

The US headquartered business process outsourcing (BPO) company Sutherland Global Services Wednesday announced it would set up its first global campus in Chennai.

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British firm VoiceStream acquires Helios Outsourcing

British company VoiceStream has acquired 75 percent stake in the city-based firm Helios Outsourcing.

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India showcases tourism products in Dubai travel mart

Minister of State for Tourism and Culture Kanti Singh Wednesday led a delegation to the Arabian Travel Mart 2008 in Dubai where a wide range of new products, including medical tourism, spas, adventure and leisure tourism, are being showcased.

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India to deploy tourist police at major destinations

India is set to deploy tourist police at its important tourist destinations to ensure the security of foreign visitors and also in view of the Commonwealth Games in New Delhi in 2010.

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IT exporters hope tax relief will be extended further

The Electronics and Computer Software Export Promotion Council (ESC) has welcomed the central government's decision to extend by one year till March 31, 2010, tax exemption available to the IT companies under the Software Technology Parks of India (STPI) scheme.

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Idea Cellular slashes long-distance call rates

Leading mobile phone service provider Idea Cellular Ltd Wednesday slashed its long-distance call rates and roaming charges.

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Stock Holding Corporation launches e-stamping facility

Stock Holding Corporation of India Ltd (SHCIL), India's largest custodian and depository participant, launched its state-of-the-art electronic stamping (e-stamping) facility here Wednesday.

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Indian steel makers agree to lower prices

Steel producers in India have agreed to cut prices after Prime Minister Manmohan Singh met them here Wednesday and sought their help in bringing down prices that have pushed the country's inflation rate to a 42-month high.

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Dishman Pharma expands plant capacity

City-based Dishman Pharmaceuticals and Chemicals Ltd (DPCL) has commissioned three active pharmaceutical ingredient (API) facilities at Bavla.

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MPs concerned over air fare hike

Parliamentarians who are members of the Consultative Committee on Civil Aviation (CCCA) Wednesday expressed concern at the hike in air fares due to the rising cost of aviation fuel.

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India, Australia to work on environment issues

India and Australia Wednesday signed a partnership agreement for working together on environmental sustainability issues.

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Office rentals likely to remain stable in Delhi, Mumbai

Office rentals in Delhi and Mumbai will remain stable for the rest of 2008, according to a study by a global real estate services firm.

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India to edge out Australia in household wealth

India will force Australia out of the world's top 10 countries with the highest household wealth within just a decade, according to research published Wednesday.