Business India News
Three Delhi restaurants among Asia's best
New Delhi, May 25 : Three of the capital's tony eateries are among a list of 101 Best Restaurants in Asia 2013....
Full StoryHindustan Copper Q4 net jumps 37 percent to Rs.188 crore
Kolkata, May 23 : State run Hindustan Copper Ltd Thursday announced a 36.86 percent jump in its net profit to Rs.188.09 crore for the quarter ended March 31, 2013 as compared to Rs. 137.43 crore for the same period last year....
Full StoryAm pregnant with Phaneesh's child: iGate victim
Bangalore, May 23 : iGate's American employee Araceli Roiz, 31, who accused the company's former chief executive Phaneesh Murthy of sexual harassment, Thursday claimed that she was pregnant with his child....
Full StoryTata Steel posts loss for fourth quarter
New Delhi, May 23 : Largest steel manufacturer of the country (valuewise) Tata Steel posted net loss for fourth quarter ending March 31, 2013, a company statement said Thursday....
Full StoryRediff.com reports fiscal 2013 fourth quarter and year-end results
New Delhi, May 23 : Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, has announced results for its fourth quarter and fiscal year ended March 31, 2013....
Full StoryIGL Q4 profits rise over 4 percent
New Delhi, May 23 : State-run gas distributors Indraprastha Gas Ltd (IGL) Thursday reported an over 4 percent rise in net profits year-on-year for its fourth quarter ended March 31....
Full StorySensex slides 388 points on US Federal Reserve comment
Mumbai, May 23 : A benchmark index of the Indian equities markets closed Thursday's trade nearly two percent down on reports that the US may reverse its monetary stimulus programme that spooked markets across the world....
Full StoryAviation, IT, ITES top suggestions in Goa industrial policy
Panaji, May 23 : Industries like aviation, aero space, IT and ITES, pharma and integrated educational hubs have been shortlisted by a state-government appointed taskforce, which is cobbling together suggestions for the Goa's Industrial Investment Policy....
Full StoryInflation has come down in India: FM
New Delhi, May 23 : Union Finance Minister P. Chidambaram said that issue of Quantitative Easing in USA, China and Japan has no relevance at all to the situation in India....
Full StoryCrude oil price of Indian Basket falls
News Delhi, May 23 : The international crude oil price of Indian Basket as computed/published on Thursday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas declined to US$ 101.07/per barrel (bbl) on May 22....
Full StoryMicrofinance sector on the rise?
New Delhi, May 23 : Microfinance Institutions Network (MFIN) and Indian Private Equity and Venture Capital Association (IVCA) organized the conclave on Microfinance Investment on Thursday....
Full StoryGateway signs up new hotel in Gurgaon
Gurgaon, May 23 : The Gateway Hotels & Resorts on Thursday announced the signing of a new resort in Damdama, Gurgaon that will be developed in association with Samak Dhoot Resorts and Spa Private Limited. This is the first resort that has been signed under the brand....
Full StoryRCOM ready to offer Aadhar authentication
Kolkata, May 23 : Reliance Communications (RCOM), India's fully integrated telecommunications service provider, on Thursday announced that it is ready to offer the first of its kind Aadhar authentication process in the country post successful testing of the services in both company owned and non company owned retail outlets....
Full StoryMumbai, May 23 : JSW Steel Limited, one of the lowest cost steel producers in the world, showed resilience in withstanding the challenging environment of non-availability of sufficient quantity of quality iron ore, subdued growth in steel demand and growing imports from FTA countries like China....
Full StoryMercedes A Class campaigns before launch
Mumbai, May 23 : MEC, a leading media buying and planning agency and a founding partner of GroupM, has come up with an experiential digital media campaign for the launch of the new Mercedes Benz A Class....
Full StorySEBI, India's capital market regulator, is 25
New Delhi, May 23 : The Securities and Exchange Board of India (SEBI) celebrates its silver jubilee Friday amid calls that the capital market regulator needs to follow global standards and improve market intelligence, technology and talent pool to beef up the enforcement processes, protect investors and allow the launch of more investment products....
Full StorySBI profit drops 18.5 percent in January-March quarter
Mumbai, May 23 : India's largest lender State Bank of India (SBI) Thursday said its net profit dropped by 18.54 percent to Rs.3,299.22 crore in the quarter ended March 31 owing to lower interest income and higher provisioning....
Full StorySensex tanks 353 points on negative global cues
Mumbai, May 23 : A benchmark index of the Indian equities markets was trading 1.76 percent down around 2.30 p.m. trade Thursday, on the back of news emanating from the US that the stimulus programme could come to an end soon and weakness in other Asian bourses....
Full StoryDaimler India to start exports of FUSO trucks from June
Chennai, May 23 : German automobile major Daimler AG will start exports of FUSO range of trucks - belonging to Japanese Mitsubishi FUSO Truck and Bus Corporation (MFTBC) - to Sri Lanka out of its plant near here from June, said a senior official near here Thursday....
Full StoryGM recalls nearly 20,000 new Cadillac SRX SUVs
Washington, May 23 : General Motors Corporation said it is recalling nearly 20,000 new Cadillac SRX SUVs for faulty wheel lug nuts, according to a Detroit News report....
Full StorySensex dips in pre-afternoon trade
Mumbai, May 23 : A benchmark index of the Indian equities markets was trading 1.27 percent down in pre-afternoon trade Thursday....
Full StoryBSE Sensex falls on economy worries
Mumbai, May 22 : The BSE Sensex fell 0.25 percent on Wednesday as renewed concerns about the economy struck heavyweight stocks....
Full StoryCrude oil price of Indian Basket falls sharply
New Delhi, May 22 : The international crude oil price of Indian Basket as computed/published on Wednesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell sharply to US$ 101.98/per barrel (bbl) on May 21....
Full StoryRane announces final dividend of 50%
Chennai, May 22 : Rane (Madras) Limited, a part of Rane Group of companies and a leading auto components manufacturers of Steering and Suspension Linkage Products & Steering Gear Products announced its financial results on Wednesday for the year ended 31st March, 2013....
Full StoryIDBI brick and mortar network clocks 1111
Mumbai, May 22 : Public sector universal lender IDBI Bank's brick and mortar branch network scaled the magic figure of 1111 with the simultaneous 'virtual' inauguration of 29 branches by CMD R. M. Malla on Wednesday....
Full StoryGoDaddy announces 'Cup of Coffee'
New Delhi, May 22 : GoDaddy, the world's top platform for small businesses, has launched India's 'Cup of Coffee' campaign to personally demonstrate to small businesses and entrepreneurs how easy it is to build a website, thereby enabling them to establish a web presence....
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Kolkata, May 22 : In line with its plans to strengthen the Indian footprint, Piaggio, a leader in two-wheelers, brought the iconic Vespa into the Eastern region with the launch of a new dealership in Kolkata....
Full Story"Exports with Bangladesh growing faster"
Kolkata, May 22 : Despite several hurdles exports including agricultural exports with Bangladesh are growing, said Amit Kumar Roy, Commissioner (Preventive), Customs, Government of India....
Full StoryESIPL signs pact with Airtel Digital TV
New Delhi, May 22 : ESPN Software India Pvt Ltd (ESIPL) has signed a multi-year agreement with DTH arm of the leading telecom operator Bharti Airtel - Airtel Digital TV - to enable distribution of the six primary channels of ESPN STAR Sports (ESS) in India - STAR Cricket, STAR Sports, STAR Sports 2, ESPN, STAR Cricket HD and ESPN HD on Airtel Digital TV....
Full StoryNetxcell joins hands with Funmobile in Nigeria
Hyderabad, May 22 : Netxcell Limited, a leading telecom technology services provider, Wednesday announced its association with Funmobile, a leader in the mobile content domain in west Africa....
Full StoryL&T Q4 profit drops near 7 percent
Mumbai, May 22 : Engineering and construction conglomerate Larson & Toubro Wednesday posted a 6.8 percent drop in net profit at Rs.1,787.94 crore for the fourth quarter ended March....
Full StoryCadbury ordered to pay Rs.30,000 compensation; says will move higher court
Agartala, May 22 : A consumer court in Tripura has ordered Cadbury India to pay a compensation of Rs.30,000 to a complainant who found an iron pin inside a chocolate bar made by the company....
Full StorySensex closes in red; capital goods stocks plunge
New Delhi, May 22 : A benchmark index of Indian equities markets fell Wednesday for the third day in a row amid profit-booking....
Full StorySunTec launches next generation product suite Xelerate
Thiruvananthapuram, May 22 : Technopark-based SunTec Business Solutions Wednesday launched its next generation product suite - Xelerate....
Full StorySara Soule plans to expand Ruosh outlets
Chennai, May 22 : Bangalore-based shoe exporter Sara Soule Pvt Ltd plans to expand its Ruosh men's footwear retail chain by March next year and sign up with a couple of multi-brand outlets and online retailers, a senior company official said here Wednesday....
Full StoryL&T revenues increase by 14.4%
Mumbai, May 22 : Construction major Larsen & Toubro (L&T) recorded Gross Revenue of ' 61471 crore for the year ended March 31, 2013, registering an increase of 14.4% on a y-o-y basis over the corresponding previous year. International Revenue at ' 12110 crore doubled as compared to the previous year. The Gross Revenue for the quarter ended March 31, 2013 at ' 20485 crore recorded 10% growth over the corresponding quarter of the previous year, as certain sectoral bottlenecks moderated the pace of execution. The Company successfully garnered fresh orders worth ' 88035 crore during the year 2012-13, recording a healthy y-o-y growth of 25%....
Full StorySensex gains in pre-afternoon trade
New Delhi, May 22 : A benchmark index of the Indian equities markets was trading 0.29 percent up in the pre-afternoon trade Wednesday....
Full StoryIndo-Israel fruit centre opened in Haryana
New Delhi, May 21 : Haryana Chief Minister of Haryana Bhupinder Singh Hooda, and Ambassador of Israel, Alon Ushpiz, inaugurated a Centre of Excellence for Fruits at Mangiana in Haryana's Sirsa on Tuesday....
Full StorySteel Minister reviews SAIL's performance
New Delhi, May 21 : Union Steel Minister Beni Prasad Verma reviewed the Quarter 4 and Financial year 2012-13 performance of Steel Authority of India Limited (SAIL), a public sector company and is the largest integrated iron and steel producer in India, here on Tuesday....
Full StoryTata DoCoMo inks pacts with 2 airports
New Delhi, May 21 : Tata DoCoMo, the Mobility and Business Services brand of Tata Teleservices (TTSL), on Tuesday announced that it has entered into an exclusive partnership with GMR Airports, a global leader in creating world class private airport infrastructure, to offer high-speed Wi-Fi services at Indira Gandhi International Airport - Terminal 3 in Delhi and Rajiv Gandhi Hyderabad International Airport, Hyderabad....
Full StoryNow go virtual shopping in cafe!
New Delhi, May 21 : Online fashion and lifestyle shopping portal Yebhi.com has launched 30 virtual stores across outlets of a cafe chain in two cities - Delhi and Bangalore....
Full StoryBank mergers could lead to too-big-to-fail entities: Chidambaram
New Delhi, May 21 : Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks....
Full StoryTelecom players eye higher call rates for survival
By Aparajita Gupta, New Delhi, May 19 : Indian mobile telephone companies have come a long way and no longer perceive lowering prices and increasing subscribers as tools for survival. To ensure their sustenance, telecom players in India are slowly hiking call rates and doing away with promotional offers....
Full Story'Only music didn't make business sense for Channel V'
Mumbai, May 19 : From a pure music channel to a youth-oriented general entertainment channel -- the transition of Channel V, which now boasts of a mix of drama content and reality shows, was an important business decision, says its spokesperson....
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5th ICC Banking Summit held in Kolkata
Kolkata, May 18 : The Chairman, State Bank of India, Pratip Chaudhury on Saturday said that since progress in the banking sector has been pretty good over the last couple of years, the rules and regulations should also get modified to keep up the pace of the trend....
Full StorySelling less gold coins may not reduce consumption: SBI chief
Kolkata, May 18 : State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the central bank's request to banks not to aggressively sell gold products may not lead to a reduction in consumption and greater steps are required to check the demand for the precious metal....
Full StoryLet RBI be sole regulator for all home loan providers: SBI chief
Kolkata, May 18 : The country's largest lender, State Bank of India (SBI), Saturday the Reserve Bank of India (RBI) should become the sole regulator for all home loan institutions - banks as well as housing finance companies....
Full StoryChhabaria unveils auto design studio in Bangalore
Bangalore, May 18 : Renowned automobile designer Dilip Chhabaria Saturday unveiled his design studio here to showcase his award-winning and innovative designs....
Full StorySBI's overseas business margins under pressure: Chairman
Kolkata, May 18 : Public sector lender State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the lender's margins in overseas business were under pressure....
Full StorySensex rallies for 5th straight week; up 164 points (Weekly market review)
Mumbai, May 18 : Key indices of Indian equities markets rallied for the fifth week in a row, with the benchmark Sensex gaining 164 points in the weekly trade as a sharp drop in inflation boosted hopes of an early rate cut by the Reserve Bank of India....
Full StoryGemfields unites with 4 Indian jewellers
New Delhi, May 18 : Gemfields, a global coloured gemstone producer, has collaborated with four Indian jewellery designers for a collection of bespoke pieces....
Full StoryBSE Sensex surges on rate cut hopes
Mumbai, May 17 : The BSE Sensex climbed 0.19 percent on Friday as hopes of an interest rate cut by the RBI pushed blue chips higher....
Full StoryWoodland to re-position 'Woods' footwear sub-brand
Kolkata, May 17 : Footwear major Woodland, owned by the Aero Group, is looking to re-position its sub-brand 'Woods' in the luxury footwear segment, focusing primarily on women's footwear, a top company official said Friday....
Full StoryBuy land directly to invest in Bihar, says official
Kolkata, May 17 : Entrepreneurs wanting to invest in Bihar should acquire land directly from farmers as land acquisition by the government would cost more, a top government official said Friday....
Full StoryKolkata, May 17 : Cigarette-to-hotels conglomerate ITC Ltd Friday reported a 19.4 percent jump in its net profit to Rs.1,927.98 crore for the quarter ended March 31, 2013, from Rs.1,614.36 crore for the same period a year ago....
Full StoryS&P warns of downgrade, government not too worried
New Delhi, May 17 : Ratings agency Standard & Poor's (S&P) Friday said its outlook on India remained negative and there is a one-in-three chance of a downgrade within the next 12 months. But the government asserted that there is nothing to worry about as it is taking the right measures to keep the country on a sustainable growth path....
Full StoryIndia reviews economic ties with Japan
Tokyo, May 17 : Union Commerce, Industry and Textiles Minister Anand Sharma is on a two-day visit to Tokyo for a comprehensive review of bilateral economic engagement with Japan, ahead of Indian Prime Minister Manmohan Singh's visit to Tokyo....
Full StoryJoint Statement by Sharma, Motegi
Tokyo, May 17 : Following is the text of the Joint Statement by Indian Commerce Minister Anand Sharma and Japanese Minister of Economy, Trade and Industry Toshimitsu Motegi:...
Full StorySensex closes flat; capital goods stocks gain
Mumbai, May 17 : A benchmark index of the Indian equities markets Friday closed in marginally positive territory, with scrips of capital goods, bank, power, realty and public sector undertakings (PSUs) gaining....
Full StoryMobile apps to monitor clean cookstoves adoption in India
New Delhi, May 17 : Qualcomm Incorporated has developed SootSwap, a mobile application for monitoring the adoption of clean cooking technologies, a company official said here Friday....
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