India Business News

Fri, 05 Sep 2008
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West Bengal government, governor contradict each other over Singur talks

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.

Thu, 04 Sep 2008
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We want work to resume at Tata plant: Mamata

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.

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Kerala finance firm attracts Rs.707 mn foreign investment

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.

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Pilot project next week on refunds during maiden issues

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.

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India set to emerge as hub for international arbitration

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.

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Tata signals Singur exit

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.

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Fiat to launch world's cheapest car by 2010

Italy car manufacturer Fiat Thursday announced it would roll out the world's cheapest car in India by 2010.

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Governor begins Singur peace parleys; more support for Nano

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.

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More alternate energy vehicles in future: General Motors chief

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.

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Trinamool continues Singur protests, alleges provocation by CPI-M

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.

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Government will do anything to help Tata, says Kamal Nath

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.

Fri, 05 Sep 2008
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How many poor does India have? Experts to decide

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.

Thu, 04 Sep 2008
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Tata move unfortunate for West Bengal: business community

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.

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Sourav Ganguly bats for Nano, sees state's future in it

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.

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Preliminary parleys on to resolve Singur impasse

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.