India Business News

Sun, 05 Oct 2008
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Nano in Karnataka will top 100 years of Tatas' ties with state

If Tata Motors set up their Nano small car project in Karnataka, it will be the icing on the cake for the Tata Group's 100-year-old association with the state, formerly the princely state of Mysore.

Mon, 06 Oct 2008
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Maharashtra-Sukhoi talks over Nagpur aircraft plant soon

Maharashtra Chief Minister Vilasrao Deshmukh will hold preliminary talks next week with representatives of Russian aircraft maker Sukhoi regarding a proposal to set up a super-jet manufacturing plant here.

Sat, 04 Oct 2008
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More visa centres in Britain: Keith Vaz

Indian-origin British MP Keith Vaz Saturday appealed to the Indian government to open more visa centres across Britain for the benefit of the ethnic Indian community.

Mon, 06 Oct 2008
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Industry lobby seeks clinical trial approval in 30 days

An industry lobby Monday sought Prime Minister Manmohan Singh's help to get approval for clinical trial of drugs within 30 days of a pharmaceutical firm fulfilling the requisite norms.

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Multi Commodity Exchange to start currency futures Tuesday

The Multi Commodity Exchange of India (MCX) will launch currency futures trading from Tuesday to become the third stock exchange in the country after the National Stock Exchange and the Bombay Stock Exchange to do so.

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Six Indian cities top global outsourcing list

Six Indian cities are among the top eight outsourcing centres, according to the CyberMedia publications group.

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'Goa government playing up to special economic zone developers'

The Goa SEZ Virodhi Manch (SVM), a non-political body comprising various social groups and non-governmental organisations opposed to special economic zones (SEZ) in the state, has accused the state government of helping SEZ developers make a backdoor entry into Goa.

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Uttar Pradesh businessmen arrested for protesting tax hike

A large number of businessmen, protesting against the Uttar Pradesh government's decision to increase value added tax (VAT) and implementation of entry tax, were arrested here Monday, officials said.

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India-Germany trade to reach $27 bn by 2012: Kamal Nath

India's annual bilateral trade with Germany will reach the target of 20 billion euros ($27 billion) by 2012, Commerce and Industry Minister Kamal Nath said here Monday.

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Provogue India sells stake in realty unit

Leading apparel retailer Provogue (India) Ltd Monday said the UK-based LTG International Ltd will invest Rs.569.7 million ($12.7 million) to pick up 3.36 percent stake in a unit of its real estate arm Prozone Enterprises Pvt Ltd.

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Jharkhand government criticised for not enticing Tatas enough

The opposition in Jharkhand has criticised the government for not doing enough to convince Tata Motors to shift the Nano project to the state.

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Bollywood and movie merchandising - still a long way to go

Inspired by Hollywood, the Hindi film industry is beginning to go into film merchandising - introducing dolls, masks, key chains, school bags and T-shirts - and hopes to one day reap millions like in the West.

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MMTC to pick up stake in logistics firm's subsidiary

Integrated logistics major Sical Logistics Ltd will shortly rope in MMTC India as a 26 percent equity partner for its 12 million tonne iron ore terminal under construction at Ennore here.

Sat, 04 Oct 2008
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Amusement parks industry eyes 25 percent annual growth

Riding on the demand of theme amusement parks in the country, the industry is expecting to grow at a robust rate of 25 percent every year, a senior official said.

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Markets end in red despite mid-week rally

Amid weak global cues and the news of signing of the $700 billion bailout plan coming only late on Friday night, Indian equities market ended the week with big losses despite a bit of a rally mid-week.