India Business News

Chandigarh scripts an e-success story

India PRwire — Mon, 25 May 2009 11:45:02 +0600

No more scrambling from one place to another to pay telephone, water and electricity bills or even to buy stamp papers and file RTI pleas, thanks to the Chandigarh administration's 'e-Sampark' centres that provide all these facilities and more under one roof.

Indian stock markets open on strong note again

India PRwire — Mon, 25 May 2009 10:45:02 +0600

After registering the steepest weekly rally in 17 years, Indian equities resumed trading on a positive note Monday despite some weak global cues even as investors awaited clear policy signals from the new government before taking positions.

Overseas Congress to press for NRI MPs

India PRwire — Mon, 25 May 2009 09:45:01 +0600

A significant section of Indians settled in Britain say they will contribute more to India's development now that the Congress has won the elections to form a stable government, but is lobbying for two nominated NRI members in parliament.

Jammu and Kashmir budget session in July

India PRwire — Sun, 24 May 2009 19:45:04 +0600

The budget session of the Jammu and Kashmir assembly will be held in July, the state's finance minister said Sunday.

Malvinder Singh steps down as Ranbaxy's chief executive

India PRwire — Sun, 24 May 2009 19:45:02 +0600

Malvinder Mohan Singh has stepped down as chairman, managing director and chief executive of India's largest pharmaceutical company, Ranbaxy Laboratories, which was acquired last year by Japan's Daiichi Sankyo.

Reliance Infrastructure to raise Rs.4,300 crore

India PRwire — Sun, 24 May 2009 18:45:02 +0600

The board of Reliance Infrastructure, promoted by the Anil Ambani group, Sunday approved issuing up to 43 million preferential shares to its founders and other investors to raise about Rs.4,300 crore ($913 million).

Malvinder Singh steps down as Ranbaxy chief executive

India PRwire — Sun, 24 May 2009 18:45:01 +0600

Malvinder Mohan Singh has stepped down as chairman, managing director and chief executive of India's largest pharmaceuticals company, Ranbaxy Laboratories, which was acquired last year by Japan's Daiichi Sankyo.

Three labourers killed in West Bengal accident

India PRwire — Sun, 24 May 2009 16:45:02 +0600

Three contract labourers were killed in an accident at a process vehicle in the Haldia Petrochemicals Limited plant in West Bengal Sunday, an official said.

Gujarat to seek Sri Lanka's help in setting up resorts

India PRwire — Sun, 24 May 2009 14:45:14 +0600

Gujarat will shortly contact Sri Lanka following its offer of assistance to set up resorts along the state's 1,600-km coastline.

Jammu and Kashmir plans package for industrialisation

India PRwire — Sun, 24 May 2009 14:45:11 +0600

Jammu and Kashmir believes overhauling its sagging industry is the only way to revive the ailing state through development and job creation. An industrial policy complete with an incentive package is being worked out to attract entrepreneurs from all over the country.

Indian firm seeks contract to build Ethiopia's rail network

India PRwire — Sun, 24 May 2009 14:45:08 +0600

An Indian project management firm wants to participate in the building of Ethiopia's 5,000-km national railway network that will also link it with neighbouring Djibouti in the Horn of Africa.

Entertainment industry best paymaster, highest ad spender: Assocham

India PRwire — Sun, 24 May 2009 12:45:02 +0600

India's $2.5 billion entertainment industry is little affected by the slowdown and has emerged as the highest spender on advertisement and the best paymaster, says a study conducted by a leading lobby.

Monsoon hits Kerala a week early, farmers rejoice

India PRwire — Sat, 23 May 2009 21:45:03 +0600

The The eagerly awaited southwest monsoon hit Kerala Saturday, a week ahead of its normal date, bringing cheer to farmers in the state.

Mukherjee promises steps to lift economy

India PRwire — Sat, 23 May 2009 19:45:03 +0600

Finance minister Pranab Mukherjee Saturday promised every effort to lift the Indian economy out of the current slowdown and said the regular budget will be presented in due course.

Workers, family members arrested as MRF strike enters 15th day

India PRwire — Sat, 23 May 2009 19:45:02 +0600

Striking workers at tyre major MRF's Arakonam plant and their family members, who were camping outside the labour commissioner's office here, were arrested Saturday morning, a union official said.