International Business
The Telugu film industry (popularly called Tollywood) is bleeding due to the spat over a separate Telangana statehood.
Former Maharashtra Pradesh Congress Committee (MPCC) president Ranjeet Deshmukh has urged the newly elected Congress Legislative Party (CLP) leader and incumbent Chief Minister Ashok Chavan to give the post of deputy chief minister to an MLA from Vidarbha region.
Indian Premier League (IPL) Chairman Lalit Modi today brushed aside concerns that the Twenty20 League"s franchise team owners are miffed at not being compensated for extra expenditure incurred during the 2009 event held in South Africa.
Business Standard / New Delhi December 11, 2009, 0:03 IST
The Delhi Government today allowed retail sale of Tamiflu, the only drug to treat swine flu, from authorised chemist outlets in the capital.
The Nifty has a strong support at the 5,000 mark.
The markets have held on to their gains in the past one hour. The Sensex is quoting at 16,672, up 71 points, and the Nifty is at 4975, up 22 points. The mid-cap and small cap indices are up about a percent each. Metals, consumer durables and realty stocks have surged in morning trades, while the energy and IT space is subdued.
Punjab State Electricity Board (PSEB) has extended the last date for submission of Expression of Interest (EoI) and date of opening of bids for forming a joint venture (JV) company for selection, allotment, development and mining of coal blocks to November 20, 2009.
Primary articles, especially food items, pushed the headline inflation rate, as measured by the wholesale price index (WPI), into positive territory at 0.12 per cent for the week ended September 5, after staying in the negative for 13 weeks.
Expansion in manufacturing, services sectors contributed to growth
Hiring activity for Kolkata increased by 7.05 per cent in November compared to October 2009, said a report from JobSpeak, the monthly job index released by Naukri.com.
Delhi-based businessman Sanjay Dalmia today approached the Bombay High Court seeking permission to go abroad but a Division Bench asked him to first appear before Economic Offences Wing (EOW) here in connection with a cheating case filed by Indiabulls Financial Service.
US markets ended flat on Tuesday. The Dow dropped two points to 10,545 while the Nasdaq slipped three points to 2,288.
Corporate India is optimistic about improvement in the country"s economic situation in the next 18 months and believes developing nations will become more powerful as a fallout of the global slowdown, a survey says.
Maytas Properties, the real estate firm promoted by Satyam founder Ramalinga Raju’s younger son B Rama Raju, is looking at offloading a stake in the Maytas Hill County residential project. The company needs about Rs 150-200 crore to complete the project.
The World Health Organisation(WHO) will conduct a survey in various relief camps in Sri Lanka"s North to check the health conditions of displaced Tamils, even as it described reports of the number of deaths due to diarrhea as "exaggerated".
Prime Minister Manmohan Singh has assured Sri Lankan President Mahinda Rajapaksa of all support for resettlement of the Tamil civilians, displaced due to fighting between security forces and the LTTE in the north.
The Kashmir issue did not came up for discussion between UN chief Ban Ki-moon and Pakistani Prime Minister Yousuf Raza Gilani when the two leaders met on the sidelines of the NAM Summit in Egypt.
The ratio of volatile capital flows, consisting of cumulative portfolio investments and short-term debt, to India’s foreign exchange reserve moved up to 51.1 per cent at March 2009-end from 45.4 per cent a year ago.
The lamps you light on Diwali or the "rakhi" you tie on your brother"s wrist may not have been made by domestic craftsmen. Chances are you may be tying your brother a China-made rakhi and lighting Chinese lamps.
With the global venture capital industry showing signs of recovery, investment levels into India are expected to increase the most compared to others in the Asia-Pacific region over next three years, says a survey by Deloitte.
Section 80-IB (9) of the Income Tax Act, 1961 (‘Act’) provides for a tax holiday to an undertaking engaged in commercial production of mineral oil or refining of mineral oil. Tax holiday is available for a period of 7 consecutive tax years, starting from the year in which the undertaking begins commercial production or refining of mineral oil.
Indian stocks trading on American bourses lost $3.85 billion (around Rs 18,000 crore) from their total market valuation last week, with HDFC Bank and Sterlite Industries leading the pack.
The police have finally arrested top officials of Vedanta Resources charged with the collapse of an under-construction power unit chimney at Bharat Aluminium Company (Balco) in September, killing 41 persons.
The Indian Air Force (IAF) is desperately short of aircraft for training its flight cadets. With the entire fleet of basic trainers — the HPT-32 Deepak — grounded after a series of crashes, advanced training is suffering equally due to unexpected delays in the manufacture of the Hawk advanced jet trainer (AJT) in India.
At the Bank of America Corp office in Washington, employees are fielding as many as 10 calls a day from Capitol Hill, up from about two a year ago.
The group also has plans to spend Rs 50,000 crore on power generation.
Voicing concern over the nuclear test carried out by North Korea, India today said the act amounts to violation of its international commitments and that the development could have "adverse effect" on peace and security in that region.
While L&T’s December quarter results and cut in its 2009-10 guidance are disappointing, most analysts believe it to be a blip.
A day after Indian Prime Minister Manmohan Singh and Chinese Premier Wen Jiabao smoked the peace pipe, New Delhi today said it was in discussion with Beijing for a free trade agreement aimed at breaking the duty barriers for bilateral trade.
The prodigal son who returns but may not stay, the troubled, dying salesman on the road with his young son, negotiating with the censor to write a love story in Iran, depressurising in Ladakh: a to-read list for today.
Russia, the country"s longtime and largest defence partner, appears to be miffed over India working towards sewing up a defence pact with Ukraine.
The Orissa government has asked oil companies to open more LPG outlets by appointing agents in all the 314 blocks of the state, official sources said.
The Bill would cost more than $1 trillion over 10 years
A Serious Fraud Investigation Office (SFIO) team will visit Hyderabad soon to enquire into the siphoning of funds by promoters of the IT company Satyam.
Emphasizing on the urgent need of a multi-prong approach to curb corruption, Prime Minister Manmohan Singh today said it is hurting India’s economic growth and discouraging investors from coming to this country.
SEC fines: Is the new cop on the US securities beat armed with a pea shooter? The size of the penalties meted out by boss Mary Schapiro’s team at the Securities and Exchange Commission makes it appear so. Schapiro should be applauded for cranking up the agency’s notoriously lax enforcement efforts. But letting companies off the hook so easily could undermine her new get-tough policy.
India"s quest to buy 126 medium multi-role combat aircraft (MMRCA) will shift gear when the flight trials of the six global contenders will begin in Bangalore next week with US major Boeing"s warplane F/A-18 being the first contender.
GMR Kamalanga Energy owned by GMR Energy of GMR Group, an infrastructure developer has achieved financial closure for its 1,050 Mw thermal power project being set up at Kamalanga Village, Dhenkanal District in Orissa.
Indian animation and gaming training institutes are gearing to scale up their businesses and open up new avenues for professionals who are passionate about animation and gaming technologies.
Shanghai Automotive Industry Corporation Group (SAIC) and General Motors, US, today announced the formation of a 50:50 joint venture exclusively to cater to the Indian market and to South East Asian countries. The new company will be called General Motors SAIC Investment Ltd (GMSIL) and will be based in Hong Kong.
The country"s largest auto maker Tata Motors today said its total sales during December last year more than doubled to 51,627 units, up from 25,219 vehicles sold in December 2008.
India"s space agency has in its pipeline eight foreign satellites for launch and is scouting to acquire such spacecraft from abroad to expand capacity in the field of communication transponder back home.
The government has relaxed the visa conditions that require a foreigner to take a two-month break before re-entering the country, Home Minister P Chidambaram said here today.
India"s space agency has in its pipeline eight foreign satellites for launch and is scouting to acquire such spacecraft from abroad to expand capacity in the field of communication transponder back home.
Mumbai-based Unity Infrastructure posted a 22 per cent jump in its profit after tax (PAT) at Rs 18.75 crore for the September quarter of financial year 2010 as compared to Rs 15.4 crore it posted in the second quarter of last financial year.
Veteran Marxist leader and former West Bengal Chief Minister Jyoti Basu was put on ventilator this morning after his condition turned serious.
This is one of the few IPOs to be oversubscribed in the retail category this year.
Global mergers and acquisitions (M&A) are projected to fall 56 per cent in 2009 compared to last year, mainly on account of sharp declines in such activities in rich and emerging markets including India.
Karen Anand, adding booze to dishes, whips up deliciously naughty delights in the kitchen.
Archana Jahagirdar / New Delhi September 13, 2009, 0:48 IST
Artist Anita Chauhan cooks as well as she paints.
The West Bengal government today said it has not rejected proposals of IT majors Wipro and Infosys for setting up units near the state capital.
It"ll be a year tomorrow since B Ramalinga Raju"s explosive admission about an accounting fraud at Satyam, but the iconic IT firm that he founded has managed to move on and out of the shadows of the country"s biggest corporate scam.
Vanita Kohli-Khandekar / New Delhi November 10, 2009, 0:55 IST
The government today lauded RIL chief Mukesh Ambani"s decision to take a pay cut and said the industrialist had shown a “remarkable sensibility” towards the prevailing scenario with this voluntary step.
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With over one billion people going to bed hungry, the United Nations has warned that the hunger index is rising and appealed to governments and civil societies to "leverage every tool" to combat it.
Noting that the global order has changed dramatically since the establishment of the United Nations some 65 years ago, External Affairs Minister S M Krishna has asserted that the world body should also change and reflect the contemporary reality.
In a strong message, India today asked the developed countries to modify their ‘unsustainable lifestyles’ to significantly cut down carbon emissions by 2020 and to ensure that developing nations had enough resources to cope with climate change while pursuing accelerated development.
Playing down the latest Chinese incursions in Leh region of Jammu and Kashmir, External Affairs Minister S M Krishna today said these incidents were not a “cause of concern” and these will be “taken care of”.
External Affairs Minister S M Krishna met his Sri Lankan counterpart Rohitha Bogollagama here and discussed the issue of resettlement of over 280,000 internally displaced persons in the island nation.
Bollywood may not get any significant mileage from the deal between Reliance ADA Group and Steven Spielberg’s DreamWorks Studios as the share of revenue from Hollywood films that run in India is small, say industry experts. According to industry estimates, the Hollywood films generate only around 3 per cent of the Rs 12,000 crore Indian film industry’s annual revenues.
BIG TV, the DTH service of Reliance ADA Group, is expanding its channel bouquet with the addition of 10 new channels from June 1, including Korea"s KBS (international offering) and WB the latest, English entertainment channel from the broadcasting major Turner International India Pvt Ltd in association with their sister company Warner Bros, the company said in a statement.
US space agency NASA has signed an agreement with ISRO to use data from Indian satellite Oceansat-2, for various American agencies for research activities, including weather forecasting.
India today said it supports a world free of nuclear weapons, but maintained that any international accord to achieve this goal cannot be discriminatory. “The international order cannot be discriminatory. States must fulfil the obligations they have undertaken,” External Affairs Minister S M Krishna said at the opening session of the United Nations General Assembly here.
Maytas Infra Ltd, the troubled infrastructure company promoted by the family of Satyam founder B Ramalinga Raju, is making efforts to recover Rs 380 crore inter-corporate debt from Satyam Computer Services, according to Maytas Chairman K Ramalingam.
The government has moved an application in the Company Law Board (CLB) to recall its nominated directors from the board of Mahindra Satyam, Corporate Affairs Minister Salman Khurshid said on Saturday.
Beijing has threatened to ban import of seafood and other food products from India if New Delhi continues to restrict import of milk products from China, the government informed the Lok Sabha today.
Nokia, the dominant force in the handset industry, has spent the major part of 2009 guarding its turf against resurgent rivals like Samsung, LG, Sony Ericsson and Motorola, and also tech powerhouses like Research in Motion (RIM), Apple and HTC. Additionally, Nokia has also been deflecting blows at the operating system level, most notably from Google’s Android and Microsoft’s Windows Mobile.
Announcing its policy to enter into a dialogue with Myanmar"s military junta, the Obama Administration today said it would actively consult and seek the help of countries like India and China as part of its new Burma policy.
The public sector Oil & Natural Gas Corporation (ONGC) has cleared the ground for implementing “whistle blower policy” another major voluntary initiative to promote transparency and ethics in personal conduct and decision process.
The Vedanta Aluminium Ltd (VAL), part of Vedanta Resources, has not violated any forest and environment norms at its alumina refinery and bauxite mining site in Kalahandi district of Orissa, according to a report of the state government.
The Centre would sign an agreement with the World Bank for about $3 billion for projects to cleanse the Ganga river as envisaged under the recently constituted National Ganga River Basin Authority.
Public sector lender United Bank of India (UBI) today said it has got the government approval to float an initial public offer (IPO) which is expected to hit the capital markets latest by the first week of February.
State government has said it will not allow Dow Chemicals, the company which has acquired Union Carbide, allegedly responsible for world’s worst ever chemical disaster in Bhopal, to clean up the toxic waste present in the closed unit of Union Carbide. It has also said that it will open the premises permanently for public from January.
- A tear for reality - RIP sweet child - Evidence of Krishna - Old money - Beat it, no more - The ultimate high
M J Antony / New Delhi October 14, 2009, 0:01 IST
Shilpy Sinha / New Delhi September 22, 2009, 0:17 IST
National Security Guard (NSG) commandos deployed at their new hubs in four cities and currently housed in temporary locations will have permanent structures at their earmarked lands by next year.
The 26/11 terror trial is not only against Pakistani gunman Ajmal Kasab, who was caught alive, but also against terror organisation Lashkar-e-Taiba, which masterminded the Mumbai attacks, Special Public Prosecutor Ujjwal Nikam said here today.
Indian Oil Corporation Ltd (IOCL), which is setting up a 15 million tonne per annum refinery at Paradeep, has so far invested Rs 2,200 crore in the project. While the cost of the refinery excluding the petro-chemical complex is estimated at Rs 29,777 crore, IOCL has already committed Rs 4,680 crore, said state industry minister Raghunath Mohanty.
The state-owned oil exploration major ONGC is eyeing 20-25 per cent stake in a giant Iranian gas field even as it awaits Tehran"s nod for its plan to develop a gas field it had discovered two years ago.
Mahanadi Coalfields Limited (MCL) organized an awareness camp at its headquarters at Burla near Sambalpur in association with the Young Men Christians" Association (YMCA) on the occasion of the World AIDS Day. Free comdoms and pamphlets on HIV/AIDS were distributed to the truck drivers on the occasion.
However, it will file a chargesheet on company law violations
Disney Interactive Media Group (DIMG), a division of Walt Disney Company, is contemplating introducing localised console and PC games for the Indian market shortly.
Walt Disney Company India Private Limited would design its Disney Channel (DC) and Hungama Channel programmes in regional languages, Vijay Subramaniam, strategic sales and market development director, Walt Disney Television International (India).
To really understand the power of execution, you need to be in the East Stand of Mumbai’s Wankhede stadium, when India is playing an opponent like Australia in a one day international. Every time Sachin Tendulkar touches the ball, an electric current passes through 60,000 spectators who let out a humungous roar of excitement. It is a zing that almost physically tries to reach out and touch this diminutive teacher’s son. A man who realizes a million dreams as he sends the ball scorching across the ropes.
India and Russia have finalised a new price for the aircraft carrier "Admiral Gorshkov" after months of protracted negotiations and the refitted warship would be delivered to the Indian Navy by 2012, top Russian officials said today.
Homi Sethna, the guiding force behind India"s first nuclear test in 1974, today waded into the 1998 Pokhran row when he slammed former President A P J Abdul Kalam suggesting he was no qualified authority to rubbish former DRDO scientist K Santhanam"s claim that the explosion was not a full success.
Indian Premier League (IPL), the annual Twenty20 cricket championship aired on SET Max, will make a homecoming of sorts this year. In 2009, the second edition of IPL was played in South Africa because it coincided with the General Elections and the country’s security apparatus was stretched. This time it’s back to the country of its origin.
India today voiced confidence that its agreement with Russia on a 10-year military and technical cooperation from 2011 would help enhance the operational capability of its defence forces in the next decade.
Acknowledging the staff crunch in the state Industrial Training Institutes (ITIs), the Uttar Pradesh government will start new recruitments and effect rationalisation of existing heads to tide over the crisis.
To add punch to IAF’s fleet of Sukhoi, Mig-29, Mirage-2000, Tejas.
IT outsourcing company, Satyam Computer Services Limited (rebranded Mahindra Satyam), has entered into a strategic alliance with Australasia’s information and communications technologies (ICT) provider Gen-I for migration services of Microsoft’s Windows 7, which was launched on October 22.
Windows 7, Adobe, Symantec software stuck at customs over excise duty
Kirtika Suneja / October 23, 2009, 1:09 IST
Jai Arjun Singh / New Delhi October 10, 2009, 0:51 IST
What does a Taylor guitar worth $3,500 have in common with a pornographic comic-strip Indian bhabhi? The curves, sure, but they both also have songs protesting their mistreatment. In the process, they’ve got the Net buzzing.
A Sharma / New Delhi December 12, 2009, 0:05 IST
There was a stunning omission from the government’s latest list of “problem” banks, which ran to 416 lenders, a 15-year high, as of June 30. One outfit not on the list was Georgian Bank, the second-largest Atlanta-based bank, which supposedly had plenty of capital. It failed last week.
Business Standard / New Delhi October 19, 2009, 0:49 IST
Miffed by the Commonwealth Games Organising Committee removing him from the post of 2010 CWG Chief Executive, Mike Hooper has struck back by declaring that the preparedness of the mega-event was far from satisfactory.
Anil Ambani group firm Reliance Capital today said it plans to enter investment banking space by the end of the current fiscal.
Indiabulls Power has fixed a price band of Rs 40-45 per share for its proposed initial public offering (IPO) through which the company aims to mop up more than Rs 1,700 crore from the market.
Commercial vehicle manufacturer Ashok Leyland’s associate company, Ashley Alteams India Pvt Ltd (AAIPL) will commence manufacturing high pressure die castings. The production of the castings, which will primarily be for the telecommunications and automotive sector, will begin next month at the company’s new facility in Chennai.
Banks are fully geared to check the menace caused by fake currency, a senior official of the Reserve Bank of India said.
- Brokerages, fund houses whet Indian appetite for investments abroad - Any hardening of rates due to govt borrowings a worry: Jindal - 'Challenge is to raise credit flow' - RBI"s status quo, HUL numbers take toll - As it should be - RBI sees recovery, but wary of inflation
The country"s largest private sector lender ICICI Bank has allotted a total 30,158 equity shares pursuant to conversion of options under the Employees Stock Option Scheme, 2000 (ESOPS).
Unsatiated by trebling of its share price to Rs 750 since March, ICICI Bank has embarked on an ambitious plan to double return for investors in three years and be counted among the country"s top five valuable entities, CEO and Managing Director Chanda Kochhar has said.
After falling continuously for 13 months, the country’s merchandise exports registered a growth of 18 per cent in November, at $13.2 billion (Rs 61,800 crore) against $11.16 billion (Rs 52,250 crore) in the same month last year. However, cumulative growth since the beginning of the current financial year continues to show a decline.
Essar Steel has approached the government to denotify a sector-specific Special Economic Zone developed by it in Hazira, Gujarat, as this would enable the company to sell the produce also locally.
- Getting rid of government controls - For the risk-takers - High on expectations - Commodity to the rescue - Policy to guide infra growth - Betting on bonds
Anjaleka Kriplani has a taste for all things fine in life. An interior architect, she is VP, interior design and sales, at the firm Renaisaance Homez. Understandably guarded about one of her prized possessions, a painting by Bose Krishnamachari, she won’t reveal its price to us. It’s a piece, she says, she wouldn’t even want to put a price to. The vibrant colours of this piece can lift her mood on any glum day and it even inspires her to make other people’s homes look good! “I prefer designing houses with good furniture, interior elevations, opulent accessories and luxurious fabrics,” she says.
The ripple effects of the fall of Lehman Brothers in September last year is evident in the field of global mergers and acquisitions (M&A), which have shrunk nearly 40 per cent since then.
India hasn’t reached the stage where top professors acquire celebrity status, but it could be getting there. At an event organised by the All India Management Association, a student asked IIM Bangalore Director Pankaj Chandra for his autograph. Professor Chandra was a bit taken aback and suggested the student get autographs of important persons at the function — the student was adamant, so Chandra obliged.
The Indian Institute of Management Bangalore (IIM-B), has selected SunGard higher education"s Banner Unified Digital Campus (UDC) solution to help increase its efficiencies in course administration, improve student services and enhance capabilities for collaboration with institutions in India and abroad.
Five years after the Naveen Patnaik government was embarassed by the controversy over chromite mining at Tangarpada in Orissa"s Dhenkanal district, the government is now being pressured by opposition parties to order a CBI probe into "illegal" mining and mines lease to industrial houses and individuals.
Amid fears that Goods and Services Tax (GST) implementation will miss the deadline, a leading consultancy firm PiceWaterHouseCoopers (PwC) has said the Centre and states are yet to reach an agreement on major issues relating to the new tax regime.
The long-awaited meeting of the Empowered Committee of State Finance Ministers (EC) was recently held in Delhi and, as was perhaps expected, the EC has come out with a recommendation on what can legitimately be called a “Dual Rated Dual GST System”. There were expectations in certain quarters that the dual GST would be a single rated one at the Federal and the State level for both goods and services. This has not been possible and the EC has now come out with a dual rate model for goods. There has been no mention of whether there will be a dual rate for services as well but the understanding and expectation is that services will be taxed at just the one rate, at the Federal and State levels respectively. This article discusses the dual rate dual GST model for goods in some detail.
Business Standard / New Delhi September 18, 2009, 0:34 IST
Shobhana Subramanian / New Delhi August 28, 2009, 0:44 IST
From setting the rates, to the constitutional changes required and the training needed, it is unlikely we will be able to implement it by April 2010, says S Madhavan.
Gail India
The Indian pharmaceutical market will treble to $20 billion from $7.1 billion (2007 figure) by 2015, with a compounded annual growth rate (CAGR) of 12.3 per cent.
The Institute of Management Technology (IMT) Dubai is one of the few Indian business schools to have got an approval from the UAE’s ministry of higher education and scientific research to offer an accredited MBA programme and executive education to companies operating in the UAE. IMT Dubai’s director Farhad Rad – Serecht told Kirtika Suneja how the institute plans to remain different from other B-schools. Edited excerpts
Rolls-Royce is looking to add a second engineering and design services firm in India to cater to its design requirements. Under the government’s $10-billion defence programme, Rolls-Royce has a commitment to offset 50 per cent of its research and development requirements to Indian design companies.
India"s engineering exports dropped 26 per cent in April as orders from the US and European markets dried up in the wake of the global recession.
The Sensex opened at 16,339 and then slipped to a low of 16,182 on weak global cues. The index is now at 16,233, down 129 points and the NSE Nifty is at 54,847, down 35 points.
The initial public offer (IPO) of NHPC Ltd, the state-run hydropower producer, was subscribed 3.54 times what was on offer today, the opening day.
FIIs back in the game, buy shares worth Rs 769 crore.
Resolving the issue of fuel supply guarantee to upcoming gas-based power projects, Oil Ministry has asked state-run GAIL India to extend "comfort letters" assuring gas supplies so that the developers can raise finances.
The markets are on the path to recovery, thanks to the strength in consumer durables, auto and metal sectors. The Sensex has retraced nearly 150 points from its intra-day lows and is now down merely 50 points at 16,300 and the Nifty is flat at 4878.
Leading IT-based security solutions developer, Micro Technologies (India) Ltd, today announced the launch of Micro Jai-Kisan, an innovative device for farmers.
The European Union has settled its decade-long anti-trust dispute with American software giant Microsoft, paving the way for consumers in Europe to have a wider choice of web browsers.
Anil Ambani-led Reliance Communications (RCom) today announced its partnership with software major Microsoft for offering Windows Mobile solutions on its wireless networks.
BJP MLAs from North Karnataka, particularly those loyal to Assembly speaker Jagadeesh Shettar, are in a dilemma. They do not know whether to support the candidature of Shettar as an alternative leader or to continue supporting CM Yeddyurappa.
Dish TV’s new campaign presents Shahrukh in a new avatar to take on Tata Sky’s Aamir
In line with the initiatives taken by some other state governments, the Orissa government is mulling to bring in a separate legislation governing the control, utilisation and management of ground water in the state.
Entrepreneurs in Mandi Gobindgarh blame the state government for not taking concerted steps to support industry.
Indian handicraft exporters are gearing up to explore new markets in South Africa and Latin American countries as demand from major importers like the US and the European Union (EU) continue to suffer from the global economic downturn.
Faced with a heavy tax burden, the small-scale wall clock makers of Morbi (Gujarat) are diversifying into ceramics, stationery items and retail. Besides, the industry is also losing ground to the metros and cities like Bangalore, where clock manufacturing has started picking up and taxation levels are lower, Morbi players claim.
The Punjab government has decided to launch a Integrated Pest Management (IPM) Technology in the Basmati growing areas of Amritsar, Tarn Taran and Gurdaspur districts covering 150 villages at a cost of Rs 1.06 crore in collaboration with Sir Ratan Tata Trust for the year 2009-10.
The utilisation of funds under the National Rural Employment Guarantee Scheme (NREGS), the flagship programme of the United Progressive Allinace (UPA) government, declined to 75 percent in 2008-09 from 82 percent in 2007-08.
With crude touching the year’s high above $74 a barrel on Friday, the government has no plans to increase fuel prices in the near future.
Oil India Ltd (OIL), the nation"s second-largest state-run explorer, will hit the market with an initial public offering (IPO) on September 7.The offer will be open from September 7 to 11, a source close to the development said.
India’s current account deficit (CAD) for the second quarter ended September 2009 was almost flat at $12.6 billion, compared to $ 12.57 billion in the same quarter in 2008, on lower net invisible surplus.
J K Lakshmi Cement today clocked a 38 per cent increase in sales at 5.06 lakh tonnes for the month of January, 2010.
A day after revised schedule for the borrowing for the first half of the current fiscal was announced, the government today said it would raise Rs 12,000 crore from sale of two government papers.
In a bid to reduce costs and increased offshoring focus, Tata Consultancy Services (TCS), India’s largest information technology company, has recalled close to 1,200 employees from the US and has decided not to hand out any salary increment this year.
WTO chief has confirmed his participation.
Entertainment firm Pyramid Saimira Theatre today said it will demerge two of its subsidiaries — Pyramid Saimira Content Distribution and Pyramid Saimira Production International — from itself.
The Sensex and Nifty closed near their trendline support of 17,400/5,220 on the back of weakness in world stocks and lack of buying interest in the futures and options (F&O) segment in the last couple days.
Uttarakhand Chief Minister R P Nishank today said he was in favour of proper utilisation of 94 acres of vacant land leased out to auto giant Hero Honda for its Haridwar plant even as the government gave more time to the company to deposit the land premium.
The country"s largest two-wheeler maker Hero Honda today said it will upgrade all its existing models to meet Bharat Stage-III emission compliant norms by the end of this financial year.
Direct-To-Home company Dish TV today said it will raise up to $200 million (about Rs 1,000 crore) through issue of securities in the domestic and international market.
Public sector lender IDBI Bank expects government"s decision on the sale of its Pune-based home loan subsidiary -- IDBI Home Finance (IHFL) -- in the next three months, a top official said.
A small car that redefined frugal engineering and a carnival that promises to evergreen the gentleman’s game have won Business Standard’s 13th annual Brand Derby. The Nano and Indian Premier League have been voted the biggest brand launches of 2008 by top marketers of the country.
Until lions have their own historians, the history of the hunt will always glorify the hunter —African proverb
Amid its falling revenues and net profit, state-run MTNL today said it is keen to expand its areas of operations by forming strategic alliances and joint ventures both within India and overseas.
Poor quality mobile services of state-run BSNL today came under sharp attack in the Lok Sabha, even as the government said it was the only operator which has taken maximum load for providing connectivity to rural areas.
Sunil Jain / New Delhi July 27, 2009, 0:41 IST
The second largest DTH player is way behind the market leader in subscriptions. But it is pushing value-added services to maintain its leadership in average revenue per user
Construction firm Madhucon Projects today said it has bagged an order worth Rs 196.24 crore from Northern Coalfields (NCL) for an infrastructure-related work.
ABB, a leader in power and automation technologies, has posted 20.73 per cent decline in net profit at Rs 83.06 crore for the quarter ended September 30, 2009 as against Rs 104.79 crore in the corresponding period last year.
Tata Power and SN Power, Norway’s fast growing international renewable energy company, signed an exclusive partnership agreement to develop joint hydropower projects in India and Nepal.