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Kirloskar launches 5 small gensets as rebranded KOEL Green

New Delhi, Dec 21 : In keeping with the government's renewed focus on clean energy through its Friday tabling of amendments to the Electricity Act, gensets market leader Kirloskar Oil Engines Ltd. (KOEL) has launched five new fuel-efficient products catering to small and medium businesses.


'New energy technologies can boost Indian economy'

Kolkata, Dec 21 : Adoption of new technologies in the energy sector in India would help the country boost its economy and could reach out to 80-110 million more people by 2025 besides curbing 180 million to 220 million tons of carbon emissions, a research firm report said.


Spectrum release key to mobile telecom quality: GSM Expert

By Aparajita Gupta, New Delhi, Dec 21 : As India gears itself for the auction of more spectrum or radio frequency for mobile telecom operators next year, a clear roadmap on its future availability holds the key for both quality of service and investor confidence, a global expert has said.


'Star Alliance membership will aid Air India's turnaround'

By Rohit Vaid, New Delhi, Dec 21 : Air India stands to gain upto $100 million (over Rs.600 crore) in the first year of its membership of Star Alliance, the the world's largest airline accord that brings together 27 carriers for increasing passenger share and earnings, the top official of the grouping has said. It's an infusion that would greatly help Air India in its turnaround efforts.


How reliable are warranties for online sales?

By Avishek Rakshit, Kolkata, Dec 21 : Even as online retail sales continue to shoot up with the e-commerce industry expected to touch Rs.216 billion ($3.5 billion) in the current fiscal, the sector has recently come under fire with both manufacturers and consumers questioning the reliability of warranties for online purchases and the consequences of this.


Indian IT industry dons innovation in year of double-digit growth

By Fakir Balaji, Bengaluru, Dec 21 : Recovering from a slowdown and sustaining a double-digit growth, the $120-billion Indian IT industry had a remarkable 2014, consolidating operations and using disruptive technologies, which ensures innovation to shed the old and adapt to new products and services.


ANMI supports SEBI's decision to ban 260 entities from market

New Delhi, Dec. 20 : Vijay Mehta, the chairman of Association of National Exchanges Members of India (ANMI), on Saturday backed the decision of Securities and Exchange Board of India (SEBI) to ban 260 entities from market and said that the concept of tax exemption on long-term capital gains was being misused.


Bharat Hotels chief Jyotsna Suri new Ficci president

New Delhi, Dec 20 : Bharat Hotels chairperson Jyotsna Suri was Saturday elected president of the Federation of Indian Chambers of Commerce and Industry (Ficci) at the industry chamber's 87th annual general meeting here.


Jaitley urges India Inc to build public opinion for GST bill

New Delhi, Dec 20 : A day after the government tabled the Goods and Services Tax (GST) Bill in the Lok Sabha, Finance Minister Arun Jaitley Saturday urged industries to build public opinion in states for passing the law on reforming India's indirect tax system.


Digital India draws proposals worth Rs.18,000 crore: Prasad

New Delhi, Dec 20 : Communication and Information Technology Minister Ravi Shankar Prasad Saturday said that Rs.18,000 crore worth of investment proposals have been received till now for the 'Digital India Programme'


Global and local cues weigh heavy on markets (Weekly Review)

Mumbai, Dec 20 : Global and local cues coupled with a volatile currency led to build up of selling pressure in the Indian equities market during the week ended Dec 20.


SpiceJet starts automated system to help passengers

New Delhi, Dec 20 : SpiceJet Saturday said that it has pressed into service an automated disruption management system to enable passengers reschedule flights or get refund on their cancelled flights.


India's forex reserves up by $2.17 billion

Mumbai, Dec 20 : India's foreign exchange reserves grew by $2.17 billion to $316.83 billion for the week ended Dec 12, Reserve Bank of India (RBI) data showed.


Flipkart raises $700 mn from new investors

Bengaluru, Dec 20 : India's leading e-retailer Flipkart Saturday announced raising $700 million (Rs. 4,435 crore) from new institutional and retail investors to fund its growth and expansion plans.


Air India to add extra capacity in domestic sector

New Delhi, Dec 20 : With aviation capacity coming under strain, national carrier Air India Saturday said that it is planning to ramp up capacity in the domestic sector by inducting more aircraft.


Jaitley urges India Inc to build public opinion for GST bill

New Delhi, Dec 20 : A day after the government tabled the Goods and Services Tax (GST) Bill in the Lok Sabha, Finance Minister Arun Jaitley Saturday urged industries to build public opinion in states for passing the law on reforming India's indirect tax system.


Instagram now worth 35 billion dollars

Washington, Dec 20 : Citigroup has reexamined the valuation of Instagram that was recently bought by Facebook, revealing that the app is now worth 35 billion dollars.


Bankers to strike work for five days in January

Chennai, Dec 20 : Unions in the banking sector have announced five day strike next month to demand early resolution of their wage hike negotiations, said the All India Bank Employees'Association (AIBEA).


Naidu asks Reliance to launch 4G services from April

Hyderabad, Dec 19 : Andhra Pradesh Chief Minister N. Chandrababu Naidu Friday asked Reliance to roll out 4G services in the state by April next year.


GDP likely to grow 5.5 percent in 2015: Mid-year review

New Delhi, Dec 19 : India's economy is likely to grow at around 5.5 percent in the current fiscal year, the finance ministry said in mid-year review tabled in parliament Friday.


Tata Chemicals to focus on FMCG, agro business

Kolkata, Dec 19 : Tata Chemicals Ltd (TCL) will sharpen its focus on the agro and consumer segments in the years to come, a senior official said here Friday.


India, Egypt review bilateral ties, agree to boost trade

New Delhi, Dec 19 : India and Egypt held their 10th round of Foreign Office Consultations in Cairo last week during which both sides discussed and reviewed the entire gamut of bilateral relations and also exchanged views on regional and global issues of mutual interest.


Tata Chemicals expects profits from Britain, Kenya plants now

Kolkata, Dec 19 : Following the restructuring of its plants in Britain and Kenya, Tata Chemicals (TCL) is hoping to generate profits from its plants in Kenya this year and later in 2015 in Britain, a senior company official said here Friday.


Delhi in top spot as e-commerce hub: Survey

New Delhi, Dec 19 : Delhi rated as the number one e-commerce hub with the maximum amount of mobile phones and accessories sold, says a report released by online company ebay India.


Snapdeal to promote Rajasthani handicrafts

New Delhi, Dec 19 : E-commerce website Snapdeal.com has joined hands with Rajasthan Small Industries Corp (RAJSICO) for online promotion and selling of the state's traditional handicrafts.


Sensex ends nearly a percent higher; IT stocks gain

Mumbai, Dec 19 : A benchmark index of Indian equities markets closed Friday's trade up 245.27 points or 0.90 percent, as strong sentiments were supported by expectations that the European Central Bank will provide further liquidity and that the Goods and Services Tax bill might be taken in parliament's ongoing winter session


GST will be win-win for both centre, states: Arun Jaitley

New Delhi, Dec 19 : The goods and services tax proposed by central government will be a "win-win" situation for both state and central governments, Finance Minister Arun Jaitley said Friday.


Tata's Vistara airline to fly from Jan 9

New Delhi, Dec 19 : Tata's full service carrier in partnership with Singapore Airlines Vistara will take to the skies from January 9 by operating daily flights to Mumbai and Ahmedabad from here, a company official said Friday.


Indian Terrain to raise Rs.75 crore

Mumbai, Dec 19 : Tamil Nadu-based fashion brand Indian Terrain will raise funds to the tune of Rs.75 crore through issuance of public tradable shares and private securities, it informed the National Stock Exchange Friday.


'Diaspora can help Indian brands go global'

Kolkata, Dec 19 : The diaspora has an important role to play in helping Indian companies make a "solid global impact" and make sure the country has a current account surplus, a famous US-based marketing guru said here Friday.


Punj Lloyd gets nod for defence sector foray

Mumbai, Dec 19 : Indian engineering and construction major Punj Lloyd informed the National Stock Exchange Friday that it has received approval from the Foreign Investment Promotion Board (FIPB) for manufacturing equipment systems and associated assemblies for the defence sector.


Dr. Reddy's acquires nicotine therapy patch Habitrol

Mumbai, Dec 19 : Dr. Reddy's Laboratories (DRL) Friday said it has completed the acquisition of the brand Habitrol, an over-the-counter nicotine therapy transdermal patch from Novartis Consumer Health.


Surat partners Microsoft to become smart city

New Delhi, Dec 19 : The Surat Municipal Corporation has tied up with Microsoft India to transform the economic capital of Gujarat into a smart city, a statement said Friday.


OPEC daily basket price closes higher

Vienna, Dec 19 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $56.30 a barrel Thursday, compared to $55.64 Wednesday, the OPEC Secretariat said.


HTC Global Services acquires US firm CareTech Solutions

Chennai, Dec 19 : US-based privately-held IT services company HTC Global Services has acquired CareTech Solutions Inc -- an IT, web products and services provider based in the US, a statement said Friday.


GDP likely to grow 5.5 percent in 2015: Mid-year review

New Delhi, Dec 19 : The country's economy is likely to grow at around 5.5 percent in the current fiscal, the finance ministry said in its mid-year review tabled in parliament Friday.


New cylinders for CNG cars offer longer journeys

New York, Dec 19 : Scientists at Rice University are looking at new materials for developing cylinders that can store compressed natural gas (CNG) at low pressure and at room temperature for longer, efficient journeys.


Interest, fuel costs make Indian aviation's flight choppy

By Rohit Vaid, New Delhi, Dec 19 : India's civil aviation industry faced turbulent weather in 2014 even as two new airlines with foreign collaborators joined the five scheduled operators to trigger a price war that squeezed margins further, with falling fuel costs giving some respite in later months.


TiE launches 'billion dollar babies' project for startups

Hyderabad, Dec 18 : The Indus Entrepreneurs (TiE) Hyderabad chapter Thursday launched the Billion Dollar Babies (B$B) project for the startups.


Reconstituted CBDT to meet income tax officers Monday

New Delhi, Dec 18 : The recently-reconstituted Central Board of Direct Taxes (CBDT) will hold its first meeting on Monday to review tax collection, an income tax department source said Thursday.


RBI may cut rates early next year, says Rangarajan

Hyderabad, Dec 18 : The Reserve Bank of India (RBI) may cut rates early next year, said C. Rangarajan, former chairman of the prime minister's Economic Advisory Council.


Investments in broadband need to ensure benefits to society

New Delhi, Dec 18 : Investments in broadband need to be encouraged and facilitated in India so that the benefits of broadband to business and society can be ensured, industry experts said here Thursday.


Kerala government, tyre manufactures to rescue rubber farmers

Thiruvananthapuram, Dec 18 : To help rubber farmers in Kerala, top honchos of trye manufacturers agreed, after meetings with Kerala government representatives, to procure rubber at 25 percent higher price.


Crafts bazaar to offer Tibetan artisans' products

New Delhi, Dec 18 : The annual Dastkari Haat crafts bazaar, which will start from Jan 1, 2015 here, will not only bring the finest handicrafts from across the country, but will also offer intricate handicrafts from Tibet.


Sensex closes 416 points up, banking stocks surge

Mumbai, Dec 18 : A benchmark index of Indian equities markets Thursday closed trade 416.44 points or 1.56 percent up as banking stocks gained.


Coal India, Singareni Collieries to face strike next month

Kolkata, Dec 18 : Five trade unions in state-run Coal India Ltd (CIL) and Singareni Collieries Co (SCC) have called for a five-day strike beginning Jan 6 protesting against denationalisation of coal and disinvestment in the world's largest coal miner.


Normal operations resumed, says Spice Jet

Chennai, Dec 18 : A day after its flights were grounded, budget airline SpiceJet Thursday announced resumption of normal operations on all its 230 flights scheduled to operate for the day.


Surajkund fair from Feb 1, Lebanon partner country

Chandigarh, Dec 18 : The 29th edition of the Surajkund International Crafts Mela (fair) will be held from Feb 1-15 at Surajkund near Faridabad, a senior Haryana official said here Thursday.


625 mn euro German loan for GEC project

New Delhi, Dec 18 : India has signed a 625 million euro loan agreement with Germany for financing the Green Energy Corridors (GEC) project under Indo-German bilateral development cooperation, the union finance ministry said Thursday.


Himachal cooperative gets bank status

Shimla, Dec 18 : The Himachal Pradesh State Cooperative Bank has got the status of a commercial bank, a senior official said Thursday.


Atlas Cycles to shut down Madhya Pradesh factory

Mumbai, Dec 18 : After years of losses incurred from its Malanpur factory in Madhya Pradesh, Atlas Cycles has decided to shut down the unit and has already suspended manufacturing activity there, the company said Thursday.


POSOCO to operate power grid system as public sector company

New Delhi, Dec 18 : An independent public sector company responsible for power transmission system operations has been set up as the Power System Operation Corp (POSOCO), the government announced Thursday.


OPEC daily basket price closes lower

Vienna, Dec 18 : The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $55.64 a barrel Wednesday, compared to $55.91 Tuesday, the OPEC Secretariat said.


Sensex rallies over 400 points

Mumbai, Dec 18 : A benchmark index of Indian equities markets Thursday surged 408.27 points or 1.53 percent as consumer durables stocks gained.


India's largest, oldest press printing Gita shuts shop

By Mohit Dubey, Lucknow, Dec 18 : India'a most authentic, biggest, trusted and sustained connect for the Hindu devout with its rich past of religious literature is faced with a strike and indefinite closure. Headquartered in eastern Uttar Pradesh and publishing religious works since 1923, the Gita Press has shut down indefinitely owing to labour unrest.


France on lookout for Indian corporate investment

Kolkata, Dec 17 : France is keen to attract Indian firms to invest in the country, after losing considerable market share in global trade over the last 10 years and now facing a wide trade deficit.


Modi reforms to help India grow 5.5 percent: ADB

Manila, Dec 17 : Reforms brought by Prime Minister Narendra Modi will help India grow 5.5 percent this fiscal and, if extended, should lift growth to 6.3 percent next year, a top official in the Asian Development Bank (ADB) said here Wednesday.


RBI slaps penalty of Rs.50 lakh on ICICI Bank, Rs.25 lakh on BoB

New Delhi, Dec 17 : The Reserve Bank of India (RBI) Wednesday imposed a penalty of Rs.50 lakh on ICICI Bank and Rs.25 lakh on Bank of Baroda for violation of KYC norms, a statement issued by the apex bank said.


France betting big on Mumbai-Ahmedabad high-speed rail link: Envoy

Kolkata, Dec 17 : Calling for enhanced cooperation between the Indian and the French railways, French Ambassador to India Francois Richier Wednesday exuded confidence of his country's partnership in the Mumbai-Ahmedabad high-speed rail link.


Gold import dipped to 661.71 tonnes in 2013-14

New Delhi, Dec 17 : Gold imports stood at 661.71 tonnes during 2013-14 compared to 1,013.72 tonnes in the previous fiscal, Commerce and Industry Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha Wednesday.


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