Tata Steel posts Rs.6 billion Q3 net loss
Kolkata, Feb 9 : India's biggest steel maker Tata Steel Thursday reported a consolidated net loss of Rs 6.03 billion for the quarter ended December 2011, against a net profit of Rs.10 billion in the same period a year ago. Read Full Story

Vodafone Group's quarterly India revenue grows 6.3 percent
New Delhi, Feb 9: Britain-based telecom firm Vodafone Group Thursday reported a 6.3 percent rise in its India revenue at 1.02 billion pounds ($1.62 billion) for the quarter ended Dec 31 owing to the increase in the customer base. Read Full Story

Maruti Suzuki crosses 10 million sales mark
New Delhi, Feb 9 : Maruti Suzuki Thursday said it has evolved to meet the demands of a changing India and crossed the 10 million cumulative domestic sales mark. Read Full Story

Etisalat writes off $827 mn, evaluates India options
Mumbai/New Delhi, Feb 9 : Abu Dhabi-based telecom firm Etisalat Thursday wrote off its investments worth $827 million in the mobile company Etisalat DB and said the company is evaluating its strategic options in India. Read Full Story

TERI to open centre in Himachal
Shimla, Feb 9: The Energy and Resources Institute (TERI) will open its centre in Himachal Pradesh to help the state adopt measures on climate change, Chief Minister Prem Kumar Dhumal said here Thursday. Read Full Story

Antrix moves court to stall Devas' arbitration bid
Bangalore, Feb 9 : Antrix Corp, the Indian space agency’s commercial arm, has moved a court here to restrain Devas Multimedia Services Corp Ltd. from proceeding ahead with its case in the Paris-based International Court of Arbitration against the $300-million scrapped S-band spectrum deal, an official said Thursday. Read Full Story

EU-India trade rises by 20 percent
Brussels, Feb 9 : The 27-nation European Union's trade in goods with India has risen by 20 percent. It had reached a peak in 2010 after a decline recorded in 2009 that interrupted a period of growth since 2001, EuAsiaNews has reported. Read Full Story

Sensex zooms 123 points up, FII interest intact
Mumbai, Feb 9: A late rally helped a benchmark index of Indian equities markets close 123 points up Thursday, with metals and realty stocks gaining the most. Support also came in from overseas investors, who have already poured in over $1.6 billion during the month. Read Full Story

Manpower shortage in business aviation affecting safety: DGCA
New Delhi, Feb 9 : An acute shortage of trained manpower in general (business) aviation is affecting flight safety in the fast growing sector, the industry regulator said Thursday. Read Full Story

Hindalco Industries quarterly net profit drops 2 percent
New Delhi, Feb 9 : Hindalco Industries Ltd Thursday posted a decline of 2 percent in net profit at Rs.450.7 crore for the quarter ended Dec 31 against Rs.460.34 crore during the same period of the previous financial year. Read Full Story

Heineken extends partnership with James Bond films
New Delhi, Feb 9 : After collaborating with five James Bond films, beer brand Heineken has extended its 15-year-long partnership with the popular franchise. The company has plans to launch a global campaign for the upcoming spy movie "Skyfall". Read Full Story

India's exports up 10.1 percent to $25.4 bn in January
New Delhi, Feb 9: India's exports grew by 10.1 percent to $25.4 billion in January, while imports surged 20.3 percent to $40.1 billion, leaving a trade deficit of $14.7 billion, Commerce Secretary Rahul Khullar said here Thursday. Read Full Story

Indian IT service industry to cross USD 100 bn revenue mark
New Delhi, Feb 8 : India's IT and related services sector will cross USD 100 billion revenue mark in the current fiscal, but growth may dip in 2012-13 with rising global economic uncertainties coupled with domestic policy paralysis, said industry body NASSCOM Wednesday. Read Full Story

China's auto exports hit record high in 2011
Beijing, Feb 8 : China's auto exports hit 849,000 units last year, the highest level seen since the onset of the global financial crisis, data showed Wednesday. Read Full Story

Car sales to fall in 10 years despite growth in January
New Delhi, Feb 8: Car sales grew for the third straight month in January by 7.2 percent, but the industry for the first time since 2002 is expected to miss its annual sales target of up to 2 percent, data released by the manufacturers Wednesday showed. Read Full Story

Sensex closes 97 points up in volatile trade
Mumbai, Feb 8 : A benchmark index for Indian equities markets closed (provisional figure) 97 points higher Wednesday amid volatile trade. Read Full Story

Aspirin 'may thwart DVT and PE in joint replacement patients'
Washington, Feb 8 : Following a total joint replacement, anticoagulation drugs can prevent Deep Vein Thrombosis (DVT) or pulmonary embolism (PE), a new study has revealed. Read Full Story

All should be allowed to bid in 2G auction: Bharti Airtel
New Delhi, Feb 8 : Under a fair market mechanism, all players should be given equal opportunity to participate when a 2G auction takes place, leading telecom firm Bharti Airtel said Wednesday. Read Full Story

Car sales grew 7.2 percent in January
New Delhi, Feb 8 : Car makers started 2012 on a positive note, with sales up 7.2 percent in January -- the third consecutive month of gains after a lacklustre 2011, according to data released by an industry body Wednesday. Read Full Story

Direct tax collections rise 14.6 percent in April-January
New Delhi, Feb 8 : India's direct tax collections grew by 14.57 percent to Rs.425,274 crore in the first 10 months of the current financial year, sharply lower than the budgetary target of around 20 percent growth, official data showed Wednesday. Read Full Story

Bharti Airtel's quarterly net profit declines 22.4 percent
New Delhi, Feb 8 : Telecom major Bharti Airtel Wednesday reported a 22.4 percent decline in consolidated net profit at Rs.1,011.3 crore for the quarter ended Dec 31 owing to high interest costs and higher tax provisions. Read Full Story

Indian markets ruling higher, Asian cues positive
Mumbai, Feb 8 : Indian equities markets were ruling higher a little before noon Wednesday, with a benchmark index trading 131 points higher amid positive cues from other Asian bourses. Read Full Story

Trying to build beauty brand? Find a USP
By Uma Ramasubramaniam, Mumbai, Feb 8 : The Rs.25 billion (over USD 500 million) Indian health and wellness market is on the rise and new players are frequently entering the business. But the burning question is how to build a brand name amid such competition. Read Full Story

Bharti Airtel quarterly revenue rises by 17 percent
New Delhi, Feb 8 : Telecom major Bharti Airtel Wednesday reported a 17 percent increase in total revenue for the quarter ended Dec 31 at Rs.18,477 crore against Rs.15,772 crore during the like period of the previous financial year. Read Full Story

'Bring back coir into hearts and homes: Architect
Alappuzha, Feb 7 : Coir and its composites can be an excellent sustainable alternative to synthetic building materials and can be incorporated into every aspect of construction from roofing and flooring to walls and interiors, renowned architect G Shankar said today. Read Full Story

Dr Peter Nightingale appointed as President of Acoris Research
Pune, Feb 7 : Hikal Ltd, the preferred long-term outsourcing partner for leading global life sciences and fine chemical companies, announced the appointment of Dr Peter Nightingale as the President of its 100 percent contract research subsidiary, Acoris Research Ltd in Pune. Read Full Story

FedEx achieves several milestones in India in 2011: company official
Mumbai, Feb 7 : The year 2011 was significant for FedEx Express as it had achieved several milestones such as launch of a new direct flight between India and Asia, a new intercontinental flight route with the introduction of the Boeing 777 F in India and also a door-to-door express delivery service in India, company vice-president (operations) Kenneth Koval said today. Read Full Story

Coca Cola quarterly volume in India grows 20 percent
New Delhi, Feb 7 : Global beverages giant Coca Cola posted 20 percent growth in volume for the quarter ended Dec 31 in India, driven by the Diwali festival, while its global consolidated net operating revenues rose by five percent to USD 11 billion. Read Full Story

HHI's Tatha salon unveils exotic spa service
Kolkata, Feb 7 : Tatha Signature Salon at the city's Hotel Hindustan International unveiled "Tatha Xperience" with a range of exotic spa services and rituals on Tuesday. Read Full Story

MGES launches 'Young Bankers' programme
Bangalore, Feb 7 : Manipal Global Education Services in association with Axis Bank, on Tuesday launched the 'Young Bankers' Program and inaugurated the campus premises at the Manipal University Bangalore Campus in Chokenahalli, Hegdenagar. Read Full Story

Railways revenue earnings up by 10.41pc
New Delhi, Feb 7: The Indian Railways posted an increase of 10.41 per cent in the revenue earnings during Apr 1, 2011 to Jan 31, 2012. Read Full Story

Peps signs MoU with Restonic Corporation
Coimbatore, Feb 7 : Spring mattress manufacturing company PEPS Industries Pvt Ltd signed a memorandum of understanding (MOU) with the US based Restonic Corporation for a period of 25 years. Read Full Story

Over 250 companies to participate in BioAsia 2012
Hyderabad, Feb 7 : The stage is set for the ninth edition of BioAsia, the annual global bio business forum, beginning here Feb 9. Read Full Story

Reliance Life Insurance to have accounting profit this fiscal
Kolkata, Feb 7 : Reliance Life Insurance, a part of Reliance Capital, is expected to register its first year of accounting profit this financial year, a top executive of the company said Tuesday. Read Full Story

Indian market has a lot of depth, says Sibal
New Delhi, Feb 7: Telecom Minister Kapil Sibal, who met Norwegian Information Technology Minister Rigmor Aasrud, here on Tuesday said the Indian market has a lot of depth and one should not doubt its capability to attract investments. Read Full Story

Banks to participate in general strike
Hyderabad, Feb 7 : About five lakh bank employees across the country will take part in the general strike, under the banner of All India Bank Employees Association (AIBEA),on February 28. Read Full Story

AIBEA demands Dhanalaxmi bank to merge with Public Sector Banks
Hyderabad, Feb 7 : The All India Bank Employees Association (AIBEA) today demanded the Reserve Bank of India (RBI) and the UPA government to take steps immediately to merge Dhanalaxmi Bank with one of the Public Sector Banks in the interest of the customers and employees and officers of the Bank. Read Full Story

Financial Planning Services launches 3 new products
Mumbai, Feb 07: ICICI Securities, one of the largest integrated securities firms in India, today launched three new products namely Financial Planning, Portfolio Evaluation Services and Estate Planning Services to be offered across India. Read Full Story

Sensex ends in red, down by 84.86 pts
Mumbai, Feb 7 : Snapping the upward trends of last five sessions,the 30 scrip Index of the Bombay Stock Exchange (BSE) nosedived by 84.86 points to end in red at 17,622.45 on selling pressure from local operators along with weak European markets. Read Full Story

Reliance Life Insurance launches new product with innovative riders
Kolkata, Feb 7 : Reliance Life Insurance, a part of the Reliance Capital, today launched a new innovative product called 'Reliance Life Insurance Guaranteed Money Back Policy' with the provisions of a number of protection riders. Read Full Story

Mixed trend in precious metals
Mumbai, Feb 7 : A mixed trend was witnessed for the second day today as Silver slided by Rs 130 to Rs 55,530 per kg on lack of buying enquiries from stockists even as Gold rose marginally by Rs five to Rs 27,650 per ten gm on scattered demand from ornament makers, traders at the Bombay Bullion Association (BBA) said. Read Full Story

Companies Law Bill will remove hurdles in doing business
Chennai, Feb 7 : New Companies Law Bill, aimed at replacing the existing 1956 Legislation, would not be a mere product of bureaucracy, but would provide right type of solutions which will do away all hurdles in doing business in India. Read Full Story

CII demands for greater initiative for R and D in Union Budget
Mumbai, Feb 7 : The Confederation of Indian Industry (CII) today demanded that the Government double the funding for research and development (R and D) initiatives in the Union Budget to meet the growing aspirations of the Indian Industry and asked for extending the period and scope of Section 35 of the Income Tax Act. Read Full Story

2G licence cancellation will hit investment flow: Moily
Chennai, Feb 7 : The cancellation of all the 122 2G licences by Supreme Court will hit investment flow into the telecom sector, but the Centre will not go on an appeal against the court order, Union Corporate Affairs Minister M Veerappa Moily said today. Read Full Story

Kama Schachter enters Indian retail market
Mumbai, Feb 7 : Diamond jewellery manufacturer, Kama Schachter today made its foray into the Indian retail market through its offering of branded jewellery under 'Kama Love' and 'Kama Platinum'. Read Full Story

Rupee down by 15 paise against US Dollar
Mumbai, Feb 7 : The Rupee ended weak for the second day today by 15 paise to 49.20 against the US Dollar due to persistent Dollar demand from importers amid negative equity market, dealers at the Interbank Foreign Exchange said. Read Full Story

Fortis launches comprehensive spine care programme
Kolkata, Feb 7 : To make eastern India free from back and neck pains and related problems, Fortis Hospitals Kolkata launched a comprehensive spine-care programme here today. Read Full Story

Booking period for Rly tickets to be raised to 120 days Mar 10
New Delhi, Feb 7 : In what is being seen as a measure to help meet the high demand for Railway tickets, especially in the holiday season, the Railways have decided to increase the advance booking period from 90 days to 120 days from March 10, sources in the Railways Ministry said today. Read Full Story

Airtel launches 3 pack education portal
New Delhi, Feb 7 : Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, today announced the launch of '3 Pack Education Portal' - a unique VAS service that will bring the power of education to the hands of mobile users across India. Read Full Story

Bosch inaugurates new centre
Chennai, Feb 7 : Bosch Power Tools, a leading supplier of technology and services in the automotive and industrial technology, today inaugurated its first Bosch System Specialist (BSS) center in the city. Read Full Story

India seeks Mauritius investment in key sectors
New Delhi, Feb 7: India Tuesday urged Mauritius, the largest source of foreign direct investment (FDI), to further boost investments in in manufacturing, agro-processing, information technology and pharma sectors. Read Full Story

Pranab hopes an upward revision in GDP growth
New Delhi, Feb 7 : The Finance Minister Pranab Mukherjee on Tuesday said that he hopes to see an upward revision in the Gross Domestic Product (GDP) growth when the full data for the year 2011-12 becomes available. Read Full Story

Government moots more manufacturing zones
Mumbai, Feb 7: The government is proposing to set up five more National Manufacturing Investment Zones (NMIZs), in addition to the seven ready for implementation, to boost the sector's contribution to growth, an official said Tuesday. Read Full Story

Policy on import of jet fuel silent on logistics: Experts
New Delhi, Feb 7 : Airlines welcomed the decision of a ministerial panel to allow direct import of fuel, but aviation experts said several questions remained unanswered, particularly on logistics, as airports don't have private fuel storage facilities. Read Full Story

Economic growth may slump to 6.9 percent this fiscal
New Delhi, Feb 7 : India's economic growth is expected to fall to a three-year low of 6.9 percent in the current financial year, substantially down from the budgetary target of around 9 percent and the 8.4 percent expansion recorded in the previous year, government data showed Tuesday. Read Full Story

Indian air carriers should have professional management: Minister
Chennai, Feb 7 : Airlines in India should have a professional team for better management, Union Minister for Corporate Affairs M. Veerappa Moily said here Tuesday. Read Full Story

British firm mulls price cut for Indian defence order
London, Feb 7 : British aerospace major BAE Systems is mulling to lower its Eurofighter Typhoon price in a bid to win back a 7 billion pound (USD 11 billion) Indian defence contract from the French aircraft manufacturer Dassault. Read Full Story

Neyveli Lignite's 250 MW boiler operating at full load
Chennai, Feb 7 : Power equipment major Bharat Heavy Electricals Ltd (BHEL) Tuesday said it had successfully demonstrated full-load operation of its 250 MW circulating fluidised bed combustion (CFBC) boiler at Neyveli Lignite Corporation Ltd (NLC). Read Full Story

Kobelco cranes begins production
Chennai, Feb 07 : Kobelco Cranes India Private Limited (KCI), part of the Japan-based Kobelco Cranes, has commenced commercial production of its hydraulic crawler crane manufacturing plant in India at its new facility in Sri City at TADA in Andhra Pradesh, about 60 km from here. Read Full Story

Sensex closes lower, aviation stocks soar
Mumbai, Feb 7 : A benchmark index for Indian equities markets Tuesday closed 84 points lower as traders booked profits after five consecutive weeks of rallying. Read Full Story

Mixed trend in sugar prices
Mumbai, Feb 7 : A mixed trend was witnessed in the wholesale sugar prices today, traders at the Bombay Sugar Merchants'Association (BSMA) said. Read Full Story

Growth may be revised upward from 6.9 percent: Pranab
New Delhi, Feb 7 : The economic growth for the current financial year which was projected Tuesday at 6.9 percent, is likely to be revised upwards on the back of improvement in business sentiments and moderating inflation, Finance Minister Pranab Mukherjee said. Read Full Story

Tata Photon Max launched in Dehradun
Dehradun, Feb 7: Tata DOCOMO, the telecom brand of Tata Teleservices Ltd (TTL), today announced the launch of Tata DOCOMO Photon Max, the latest addition to its best-selling Photon family of high-speed mobile broadband access on CDMA platform in Uttarakhand. Read Full Story

Sahara to renew sponsorship of Indian hockey
New Delhi, Feb 7 : After pulling out of cricket, the national obsession, Sahara India is all set to sign a five-year contract to renew its sponsorship deal for the national sport, hockey. Read Full Story

Sensex closes 87 points lower
Mumbai, Feb 7: A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying. Read Full Story

Aviation stocks rally after direct jet fuel import allowed
Mumbai, Feb 7 : Scrips of three listed domestic carriers -- Jet Airways, Kingfisher Airlines and SpiceJet -- rallied after the government Tuesday allowed airlines to import jet fuel directly. Read Full Story

India's growth sags to slowest in 3 years
Mumbai, Feb 7 : The Indian government on Tuesday said that the country's economy is estimated to grow this financial year at its slowest pace in three years, at 6.9 percent, as a bout of monetary tightening takes its toll on investment amid weak global conditions. Read Full Story

Cognizant expands its Kochi operations
Thiruvananthapuram, Feb 7: Cognizant, a NASDAQ-listed, US-headquartered provider of information technology, is expanding its operations in Kerala by leasing 15 acres of land at the Kochi Infopark campus. Read Full Story

Lips to nose, cosmetic packages boom for Valentine's Day
By Nivedita Sharma, New Delhi, Feb 7 : Lip augmentation, nose job, eyebrow lift...As women try to put their best 'face' forward for Valentine's Day, partners are busy gifting them cosmetic session packages. Read Full Story

LG launches Optimus Sol at Rs 19K, Hub at Rs 14,500
New Delhi, Feb 7 : In line with its strategy of focusing on the smart phones, LG today launched two new phones 'Optimus Sol- LG E730', priced at Rs 19,000 and 'Optimus Hub E510' at Rs 14,500. Read Full Story

Indian economy to grow by 6.9 percent this fiscal
New Delhi, Feb 7 : The government Tuesday said the Indian economy is expected to expand by 6.9 percent in the current fiscal -- the slowest in three years as high interest rates, fragile global economic conditions and the government's inability to push through key reforms stifled growth. Read Full Story

Govt pegs economic growth at 6.9 pc in FY12
New Delhi, Feb 7 : Government today said the growth of Indian economy is estimated to dip to 6.9 per cent, a three- year low, in the current fiscal, primarily due to decline in expansion of manufacturing, agriculture and mining sectors. Read Full Story

Government approves direct jet fuel import, Air India debt plan
New Delhi, Feb 7 : An empowered group of ministers (EGoM) led by Finance Minister Pranab Mukherjee Tuesday allowed domestic airlines to directly import fuel and approved Air India's debt restructuring plan. Read Full Story

Rupee recovers by 13 paise at 48.92 against USD
Mumbai, Feb 7 : The Rupee recovered today by 13 paise to 48.92 against the US Dollar in the opening trade on selling of Dollars by bankers, dealers at the Interbank Foreign Exchange said. Read Full Story

Sensex up by 10.98 pts
Mumbai, Feb 7 : The benchmark Index of the Bombay Stock Exchange (BSE) rose marginally by 10.98 points at 17,718.29, in the opening session today on renewed buying in Oil and Gas, IT, FMCG and Auto stocks alongwith mixed global cues. Read Full Story

Indian markets trade dull in noon
Mumbai, Feb 7 : Indian equities markets were ruling dull Tuesday as traders took a breather after straight weeks of rallying. A benchmark index was trading 47 points up around noon. Read Full Story

GDP growth estimated at 6.9 pc
New Delhi, Feb 7 : Registering its slowest growth in three years, the Indian economy is estimated to grow at 6.9 percent in the current fiscal year. Read Full Story

Indian economy to grow by 6.9 percent this fiscal
New Delhi, Feb 7 : The Indian economy is expected to grow by 6.9 percent in the current fiscal, the slowest in three years, the government said in a statement Tuesday. Read Full Story

Amazon to launch a retail store
Washington, Feb 7 : Amazon, the world's largest online retailer, is planning to open a retail store in America's Seattle city as a pilot test to see if a chain of stores would be profitable, a media report said. Read Full Story

Companies Bill 2011: Moily stresses on CSR
Kolkata, Feb 6 : Union Minister of Corporate Affairs M Veerappa Moily on Monday said here that the Companies Bill 2011 seeks to update the 50-year-old Companies Act, 1956, and the laws related to raising money from the public, insider trading, term for independent directors and corporate social responsibility (CSR). Read Full Story

NALCO's Q3 net profit down 80 percent
Bhubaneswar, Feb 6 : The state-run National Aluminium Company Limited (NALCO) has registered a net profit of Rs.51.22 crore for 3rd quarter of 2011-12 fiscal, down 80 per cent against Rs.255.95 crore during the corresponding quarter of the previous fiscal, the company said Monday. Read Full Story

NSL wins wind farm award
Hyderabad, Feb 6: NSL Renewable Power Private Limited (NRPPL), part of NSL Group, has bagged the best operating wind farm award from Indian Wind Power Association (IWPA) for the third time. Read Full Story

Three-fold rise in urban renewal funds likely: Kamal Nath
New Delhi, Feb 6 : The second phase of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) could witness a three-fold increase in its budget, Urban Development Minister Kamal Nath said Monday. Read Full Story

Coir Festival rakes in Rs.100-crore business
Alappuzha (Kerala), Feb 6 : A record Rs.100 crore worth of business transactions were reported at the second edition of the International Coir Festival here Monday, organisers said. Read Full Story

Sensex rises by 102.35 points to 14-wk-high of 17,707.31
Mumbai, Feb 6 : The Sensex of the Bombay Stock Exchange (BSE)remained firm for the fifth straight session today as it surged by 102.35 points to 17,707.31, a 14-week high, as all the indices ended in green, except health care, amidst a mixed trend in the Asian markets. Read Full Story

Mixed trend in precious metals
Mumbai, Feb 6: A mixed trend was seen in the precious metals today, as Silver rose by Rs 155 to Rs 55,660 per kg on fresh demand,while Gold fell marginally by Rs 20 to Rs 27,645 per ten gm on sluggish demand from ornament makers, traders at the Bombay Bullion Association (BBA) said. Read Full Story

TRAI seeks industry view on mobile tariff cap
New Delhi, Feb 6 : The Telecom Regulatory Authority of India (TRAI) Monday sought the industry's view on whether there should be a cap on the tariffs of telecom services in the wake of many operators hiking their tariffs in the recent months. Read Full Story

Rupee ends weaker by 37 paise against US Dollar
Mumbai, Feb 6 : Snapping the winning streak of last four sessions, the rupee depreciated today by 37 paise to 49.05 against the US Dollar following persistent demand for the greenback, dealers at the Interbank Foreign Exchange said. Read Full Story

India-Australia trade to touch Rs.2 lakh crore in three years
Kolkata, Feb 6 : Australia's bilateral trade with India is set to reach Rs.2 lakh crore (USD 40 billion) in the next three years, a trade official from that country said Monday. Read Full Story