India Business News
Even as West Bengal Governor Gopalkrishna Gandhi Friday said talks between the state government and the opposition Trinamool Congress-led farmers body to resolve the standoff over the Tata Motors' Singur plant were deferred on the request of the administration, the chief minister claimed it was the governor who wanted the meeting postponed.
In an apparent climbdown, Trinamool Congress chief Mamata Banerjee said Monday evening her party wants work to resume at the Tata Motors' Nano plant at Singur, but after excluding the controversial 400 acre acquired farmland.
Kerala-based non-banking financial company (NBFC) Manappuram Group will receive fresh capital infusion of Rs.707.52 million from four overseas private equity firms, a top official said here.
Market regulator Securities and Exchange Board of India (SEBI) will start a pilot project next week to ensure easier money transaction and refund for investors who have not been allocated shares during initial public offers, its chairman C.B. Bhave said here Tuesday.
The Union Cabinet Thursday paved the way for the country's emergence as a prestigious hub for out-of-court settlement of international commercial disputes between various governments and non-government parties.
Auto major Tata Motors Tuesday said it was ready to pull out from Singur in West Bengal, where its plant to produce the world's cheapest car Nano has remained closed since Friday following protests by farmers and opposition parties.
Italy car manufacturer Fiat Thursday announced it would roll out the world's cheapest car in India by 2010.
West Bengal Governor Gopalkrishna Gandhi began preliminary talks Thursday to end the impasse over the Tata Motors car project in Singur as more farmers came out in support of the project after the automobile major threatened to relocate it.
Current environmental and price concerns will lead to more alternate energy vehicles coming into the market, General Motors (GM) chief operating officer Fritz Henderson said here Thursday.
The opposition Trinamool Congress Wednesday stuck to its stand of protesting at the Nano plant in Singur till 400 acres of land are returned to farmers, notwithstanding automobile giant Tata Motors' pull-out threat from West Bengal.
Amidst a series of controversies, Minister of Commerce and Industry Kamal Nath Thursday said the government will do anything to help all the parties arrive at a convergence so that Tata Motors' Nano project in West Bengal fructifies.
How many 'actually poor' is India home to? Amid some confusion, sparked in part by a World Bank report, the government is setting up a new group to get the answer.
Industrialists and leading business bodies in West Bengal Tuesday termed as unfortunate Tata Motors' decision to look at site options to manufacture the world's cheapest car Nano, indicating a pull-out from Singur.
Former Indian cricket skipper Sourav Ganguly, a local hero, Tuesday batted for the Tata Nano factory at West Bengal's Singur, saying the project would revolutionise industrial prospects in the state.
Hectic preliminary parleys were on at the Raj Bhavan here Thursday with West Bengal Governor Gopalkrishna Gandhi meeting various groups in his bid to thrash out an acceptable formula ahead of the formal talks Friday to end the stalemate on Tata Motors' Nano project.

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