|
News Feeds |
|
rediff Business
|
India's largest news and entertainment service online.
|
|
-
US IT firms outshine Indian peers
While domestic IT companies post revenue growth of 38%, their counterparts register faster rise: Gartner.
-
Essar may join race for CSN's ore mines
Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company. Sources close to the development said Goldman Sachs has approached Essar with the acquisition proposal and the company was considering it.
-
Finance ministry rejects NTPC's FPO
The power ministry had approached the department of disinvestment in August 2007 for approval for NTPC's FPO, which could fetch the company nearly Rs 6,000 crore to part-finance its expansion programme.
-
Big trouble for small Nano: Suppliers want price hiked
Now Delhi-based Sona Koyo, which is supplying steering systems for the Nano, and Minda Group, which supplies electrical switches, have confirmed that they and other component suppliers have suggested a price rise to Tata Motors.
-
Soon, liquor will pinch your wallet more
Liquor companies are set to raise prices, thanks to the hike in the cost of molasses, a by-product of sugar used to make potable alcohol. "Alcohol prices may rise as much as 20 per cent due to lower molasses production," said Abhishek Khaitan, managing director, Radico Khaitan, the country's second largest liquor producer.
-
Seasonal travel offers pour in
During May-June, sales of not only seasonal consumer goods such as ACs and refrigerators go up, but also with more and more families going abroad for holidays, there is a surge in sales of cameras and camcorders and even laptops, according to industry observers. While Reliance Digital is offering value for money combo offers on cellphones to laptops and televisions.
-
No alcohol, drugs at work: Govt to India Inc
At a workshop on 'Addressing Alcohol and Drug related issues of the Industries and Micro Credit groups' in Chennai, Minister of State for Social Justice and Empowerment Subbulakshmi Jagadeesan had asked the industry for a alcohol- and drug-free workplace. She said the youngsters, who were now getting huge pay packs due to rapid industrial growth and economic boom, were getting more addicted to alcohol.
-
Britons may have to pay 'bin tax'
Five pilot schemes, being rolled out across the UK, could slap up to 1,000 pound a year on households that fails to recycle enough, the Daily Express tabloid said on Thursday. The report said ministers have signalled that the pilot schemes will 'help us with our decision about roll-out' and allow local authorities to 'set up their own schemes in due course.' The schemes are expected to offer a council tax rebate to families that recycle more.
-
India's growth robust, irreversible: World Bank
India can undertake several interventions like managing flood, prevent drought, improve storage of water and expanding irrigation by bringing in technologies. Since the average farmland is reduced and cannot be expanded, it is appropriate to use efficient technology, high-yielding seeds, right kind of fertilizers and promoting public-private partnership.
-
PetroMin may go to Cabinet for tax breaks for natural gas
But after over $10 billion investment that yielded mostly natural gas discoveries, the finance ministry has ruled that the tax breaks would be available only to crude oil production and will not be extended to natural gas, sending the seventh NELP round in a tailspin, industry sources said. The petroleum ministry feels that withdrawal of tax holidays when substantial investment has been made in exploration activities is being viewed as the government reneging on its commitmen
|
|
