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IndiaeNews.com: Business News
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Indian breaking news daily with extensive news coverage on Business, Bollywood and Cricket.
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NTPC's FPO proposal rejected
The government has rejected National Thermal Power Corporation (NTPC) Limited's proposal to raise about Rs.60 billion through a follow-on public offer.
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Indian infrastructure sector growth at 9.6 percent
The Indian infrastructure sector comprising six core industries grew at 9.6 percent in 2008 fiscal, according to data released by the ministry of commerce and industry here Thursday.
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Chennai company scouting locations for petrochemical project
City-based petroleum company Chennai Petroleum Corporation Limited (CPCL) is looking for locations on the southern coast for its proposed refinery-cum-petrochemical complex in Tamil Nadu, a company official said here Thursday.
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Rane NSK sets up new steering plant in Haryana
In order to meet its customer's demands in northern India, Rane NSK Steering Systems Limited Thursday announced the opening of a new steering systems plant at Bawal in Haryana.
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Government approves skill development mechanisim
The union cabinet Thursday approved setting up the National Skill Development Corporation (NSDC) to meet the needs of the private sector for skilled personnel in different fields.
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Ankit Metals plans Rs.10 bn capacity expansion
Ankit Metal and Power Ltd (AMPL) plans to invest Rs.10 billion over the next three years to increase its production capacity, a company official said here Thursday.
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Torrent Power to pay Rs.663 mn in dividends
Torrent Power Ltd Thursday announced payment of Rs.663 million as dividend to its shareholders for the fiscal year 2008. This works out to nearly 12 percent, a jump from four percent dividend announced by the company last fiscal.
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India, Singapore to share airport operations expertise
India and Singapore Thursday agreed to share expertise in the management of airports and other civil aviation projects.
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Move to protect agro products from patenting abroad
The government Thursday decided to protect Indian agro products from foreign patenting through an amendment in the Agricultural and Processed Food Products Export Development Authority Act (APEDA).
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Government may cut cement prices further: Chidambaram
The government is expected to further cut cement prices to tame inflation, Finance Minister P. Chidambaram said Thursday.
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Maoist strike call evokes mixed response in Bihar
A strike call by Maoists evoked mixed response in Bihar Thursday. While normal life was hit in some rural areas, urban areas were largely unaffected.
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Business school gets $1.5 mn to study capital market accessbility
Financial services major Citi India will provide $1.5 million to Hyderabad-based Indian School of Business (ISB) to study and recommend measures to promote financial inclusion and improve capital market's access to small investors and enterprises.
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Voltas profit up 12 percent
The Tata group promoted Voltas Ltd Thursday announced a profit after tax (PAT) of Rs.2.08 billion ($52.09 million) for the fiscal year 2008, an increase of nearly 12 percent over the last fiscal.
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Indian equities on a big upswing
Indian equities markets, which opened in the green Thursday, performed very well throughout the day and a key index climbed over 375 points, mirroring cues from other Asian markets.
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India Colombia trade target set at $2 bn
India and Colombia have set a target to increase bilateral trade to $2 billion from the $650 million at present.
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