India Business News

Wed, 07 May 2008
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IDBI is now IDBI Bank

The Industrial Development Bank of India Ltd (IDBI), a leading financial services firm, has changed its name to IDBI Bank Ltd from Wednesday.

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Equities markets end in the red

Indian equities markets closed flat Wednesday due to sustained selling pressure on key sectoral indices. Capital goods, realty, banking and public sector undertaking stocks ended the day in the red.

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Doctors' body defends juice brand endorsement, NGO slams it

The Indian Medical Association (IMA) Wednesday defended its decision to endorse Pepsico's brand of fruit juice, saying people will avoid aerated drinks if they consume it, but the director of the Centre for Science and Environment (CSE) Sunita Narain said it was 'very wrong' to endorse a particular brand.

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Tata Steel to join mining project in Australia

Tata Steel, along with Brazilian mining giant Vale and other partners, will undertake a major expansion of the Carborough Downs Coal Mine in Australia.

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Equities markets end day on flat note

Indian equities markets closed flat Wednesday.

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Trane Inc opens global design centre in Chennai

The US-based heating, ventilation and air-conditioning (HVAC) firm Trane Inc launched its global design centre here to support the company's Indian market as well as its global research and development (R and amp;D) wing, said a top official.

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Jet Airways launches Mumbai-Bangkok flight

India's leading private airline Jet Airways launched its service to Bangkok from Mumbai's Chhatrapati Shivaji International Airport early Wednesday.

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Tamil publishing firm nets venture capital

A multinational venture capital fund has invested 'sizeably' in New Horizon Media (NHM), a closely held corporation having published over 650 books that have sold 250,000 copies, its co-founder K. Satyanarayan said here Wednesday.

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India successfully tests its longest-range n-capable missile

India Wednesday successfully tested its longest-range nuclear capable missile Agni-III, catapulting the country into the select group of nations that have intermediate-range ballistic missiles (IRBM).

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Indian real estate firm plans new five-star chain

Leading Indian real estate firm Sobha group is planning a new chain of five star hotels across India, Middle East and Africa under the brand name Sobha Hotels.

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NGO slams medical body for endorsing juice brand

It was 'very wrong' for the Indian Medical Association (IMA) to have endorsed a particular brand of fruit juice, director of the Centre for Science and Environment (CSE) Sunita Narain said here Wednesday, as the endorsement of the Pepsico brand stirred a controversy.

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NTPC's Sipat unit begins power generation

The National Thermal Power Corporation's (NTPC) first 500 MW coal-fired unit of the controversy-marred 2,980 MW plant at Sipat in Chhattisgarh has started functioning following the restoration of water supply by the state government.

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India seeks Israeli collaboration for litchi

India has sought collaboration with Israel to enhance the quality of litchi, grown mainly in Bihar, to boost its domestic and export market.

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Equities trading flat early afternoon

The Indian equities markets continued to trade flat early Wednesday afternoon due to selling pressure across key sectors.

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CNG, diesel buses to ply on Ahmedabad BRT

The Ahmedabad Municipal Corporation (AMC) has decided to ply buses running on compressed natural gas (CNG) as well as diesel on the Bus Rapid Transport (BRT) system here, an official said.