New bonus rules for British banks, more in store

It is payback time for British banks whose heavy risk-taking caused the country's worst financial downturn two years ago. New rules, led by cash caps on bonuses, are coming into force to make them more responsible to the general public. read more news..

US banking on emerging markets for faster recovery

The US has expressed confidence that it will continue to make fast recovery from the global economic crisis thanks to its ability to make goods that emerging markets like India and China need. read more news..

IOC against frequent fuel price revision

State-run oil marketing company Indian Oil Corp (IOC) Thursday said there will not be any revision in the oil price hike if global crude oil prices do not fluctuate wildly. read more news..

Exporters demand credit at base rate

The Federation of Indian Export Organisations (FIEO), the apex body of exporters, has urged the government to avail credit to exporters at the base rate itself, which is fixed between 7.75 percent to 8.25 percent by most of the banks under RBI's new base rate regime. read more news..

Rats threaten Hong Kong tourism

Rat attacks are becoming worse and worse in Hong Kong, which officials say might have an impact on the territory's image as a tourist haven. read more news..

Tata to commission 3 MW solar plant by year end

Tata Power will commission a 3 MW solar photovoltaic power plant in Mahrashtra by end of this year that will become the largest grid connected solar plant in the state. read more news..

Tribal affairs ministry promises more funds for northeast

More funds and development schemes for the northeastern states were promised as Tribal Affairs Minister Kanti Lal Bhuria wrapped up his three-day visit to the region Wednesday. view more news..

Telecom operators concerns referred to internal committee

The government Wednesday referred the objections raised by telecom operators to the recent recommendations of the regulator, including a controversial move to charge players holding spectrum in excess of 6.2 Mhz, to an internal Committee of the department of telecommunications (DoT). read more news..

Food inflation eases to 12.63 percent but fuel prices up

India's annual food inflation dropped to 12.63 percent for the week ended June 26 from previous week's 12.92 percent with the easing of prices of food items. read more news..

EPCH plans exclusive SEZ for handicrafts sector

In order to support small and medium enterprises (SMEs) exporting handicrafts, the Export Promotion Council for Handicraft (EPCH) is planning to set up an exclusive SEZ for handicrafts at Greater Noida, Uttar Pradesh or in Haryana, said Raj Kumar Malhotra, Chairman, EPCH at a press conference in New Delhi on Wednesday. read more news..

Agricultural Bank of China on track for record IPO

The Agricultural Bank of China Ltd is on track to attract a record $22.1 billion after pricing its initial public offering in Shanghai and Hong Kong, reports said Wednesday. read more news..

Audi to manufacture its SUV - Q5 in India

German luxury car manufacturer Audi on Wednesday began assembling its sports utility vehicle (SUV) Q5 at its Aurangabad (Maharashtra) manufacturing plant. read more news..

India can play big role in organic food trade

India can play a significant role in global organic food trade, Agriculture Minister Sharad Pawar said in New Delhi on Wednesday. read more news..

BJP opposes FDI in multi-brand retail

The Bharatiya Janata Party (BJP) on Wednesday warned the government against taking any "hasty steps" to further open up the retail sector and called for a "blanket ban" on foreign direct investment in multi-brand retail. read more news..

Car sales pick up 31 percent in June

Domestic passenger car sales increased by 30.79 percent to 1,41,184 units in June compared to 1,07,948 units in the same month last year, said the Society of Indian Automobile Manufacturers (SIAM) on Thursday. read more news..

India and Iran talks on economic cooperation today

India and Iran will hold two-days of talks on expanding bilateral economic cooperation, beginning in New Delhi on Thursday. read more news..

India and Malaysia trade pact likely by September

India and Malaysia Wednesday said that the Comprehensive Economic Cooperation Agreement between the two countries is expected to be ready by September, in time for Indian Prime Minister Manmohan Singh's visit Malaysia in November this year. read more news..

India will grow at 9.50 percent this year: IMF

India's growth will accelerate to about 9.50 percent in 2010 as robust corporate profits and favourable financing conditions fuel investment, and then settle to 8.50 percent in 2011, according to International Monetary Fund (IMF) projections. read more news..

Andhra Pradesh cooperative banks join together to save on automation

Twenty three cooperative banks in Andhra Pradesh have hit upon a novel idea of using single core banking solution (CBS) and save on hardware and software costs. read more news..

SJVNL net profit in 2009-10 at Rs.972 crore

Hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL), which owns and operates the 1,500-MW Nathpa-Jhakri project in Himachal Pradesh, Tuesday reported a net profit of Rs.972.74 crore for the 2009-10 fiscal. read more news..

Maoist strike hits iron ore shipment in Chhattisgarh

The two-day shutdown by the Communist Party of India-Maoist (CPI-Maoist) that began Wednesday hit life in Chhattisgarh's vast interiors, particularly in Bastar region where iron ore transportation was hindered. read more news..

Mining area in nine coal mines increased

The environment minister has agreed to increase the "go area", or forest area where coal mining is allowed in nine collieries in the country provided they meet the environment clearance. read more news..

Increase ICT adoption by SMEs a challenge: Dinesh Rai

It is a challenge for the government to increase the use of Internet and Communication Technology (ICT) among the Small and Medium Enterprises (SMEs) in the country, said the Secretary, Ministry of MSME, Dinesh Rai on Tuesday. read more news..

Toyota investing Rs.500 crore for engine plant in India

Japanese auto major Toyota Motor Corporation (TMC) is investing an additional Rs.500 crore (Rs.5 billion) in India to set up an engine plant for its upcoming compact car Etios, a top company official said Tuesday. read more news..

Shipping Ministry to set up port freight corridor in West Bengal

A port freight corridor, including a deeper-draught port, will come up in West Bengal, Minister of State for Shipping Mukul Roy said in Kolkata on Tuesday. read more news..

World Bank to assist livelihood project in northeast India

The World Bank will provide Rs.5 billion to four north eastern states of Mizoram, Nagaland Sikkim and Tripura to create self-employment opportunities for the tribals and poor people living in rural and remote areas. read more news..

Congress seeks CBI probe into iron ore export scam

The opposition Congress party Tuesday claimed Rs.600 billion worth of iron ore has been exported illegally from Karnataka in the last few years and sought a probe by the Central Bureau of Investigation (CBI) into the matter. read more news..

Net direct tax collection up 15.49 percent in Quarter 1

The net direct tax collections for the first quarter of 2010 saw an increase of 15.49 percent as compared to the same period last fiscal, an official statement said Tuesday. read more news..

Bangladesh promises higher pay to garment workers

Bangladesh Prime Minister Sheikh Hasina has promised an early pay revision for the country's ailing garment sector, saying the current pay scales were "too little to meet the basic needs of life". read more news..

India Inc finds QIPs quicker in raising capital

In the absence of virtually no regulatory approvals, India Inc. has drawn up elaborate plans to raise a whopping amount of over Rs. 40,000 crore through Qualified Institutional Placement (QIP), an instrument which the industry has found as a quick way to cash in upon the secondary market revival, a new study said. view more news..

B2B portals can help SMEs prosper

Without doubt, B2B portals today offer many opportunities for SMEs to grow and prosper. B2B portals are about networking businesses, introducing collaborative business practices and streamlining business processes. read more news..

Industry's hiring activities pick up 21% in June

The number of staff appointments by the Indian industry grew by 21 percent in June this year compared to the year-ago period, led by the improving business sentiment, according to a new report by an online job portal. read more news..

RBI may go for another rate hike: Economists

The Reserve Bank of India (RBI) may go for another hike in its key short-term lending and borrowing rates on July 27 to tame rising inflation, said economists. read more news..

UAE seeks investment in non-oil sector

The United Arab Emirates (UAE) has decided to promote investment in non-oil sectors to boost the country's economic diversification process. read more news..

Government seeks feedback on FDI in multi-brand retail

Close on the heels of a partial deregulation in fuel prices, the government Tuesday made another move to push through a key reform, releasing a discussion paper inviting views of various stakeholders on opening up the retail sector. read more news..

Fuel price hike won't impact inflation: Pranab Mukherjee

Finance Minister Pranab Mukherjee Tuesday said that the hike in fuel prices was introduced after considering various factors and that it would not cause any surge in inflation. read more news..

FM urges bank to focus on micro verticals and MSEs

Finance Minister Pranab Mukherjee Tuesday asked banks and financial institutions to increase credit flow to various productive sections of the society including small farmers, students and micro entrepreneurs and the micro & small & medium enterprises (MSEs). read more news..

Air China launches new PhoenixMiles promotion

Air China's PhoenixMiles frequent flyers can now receive extra frequent flyer rewards when they purchase tickets. An additional 500 kilometers are awarded to those who purchase domestic flights and an additional 2 kilometers for every 10 RMB are awarded to those who purchase international flight tickets. Meanwhile, 1000 kilometers can now be traded for 30 yuan ticket coupons. read more news..

President calls for better delivery of welfare schemes

President Pratibha Patil Monday called for making delivery systems more effective and non-corrupt to ensure that the benefits of welfare programmes reach all segments of society. read more news..

Government mulling to set up more textile parks

The government is considering setting up a few textile parks in the country following "a huge demand" for them, said Union Minister of Textiles, Dayanidhi Maran on Saturday. view more news..

China projects won't affect Brahmaputra water flow: Minister

China has told India it will only carry out 'run-of-the-river' projects on the Brahmaputra that will not affect the flow of water, says Water Resources Minister Pawan Kumar Bansal. read more news..

Anand Sharma to lead CEOs delegation to Malaysia and Singapore

Commerce and Industry Minister Anand Sharma will lead a CEOs delegation of the Confederation of Indian Industry (CII) to Malaysia and Singapore from 7 to 9 July, as a follow up to Malaysian Prime Minister's recent visit to India and the implementation of India-ASEAN FTA from January this year. read more news..

UAE to export camel milk to Europe

The UAE is planning to export camel milk to Europe next year after the European Commission, the executive body of the 27-member European Union (EU), gives its approval. read more news..

Toyota recalls 91903 Lexus and Crown vehicles

Toyota Motor Corp filed Monday for a recall of 91,903 units of its luxury Lexus and Crown models with the Transport Ministry due to an engine defect, the company said. read more news..

Mozambique next investment destination for India

The Confederation of Indian Industries (CII), which has sent a 25 member delegation accompanying External Affairs Minister S M Krishna to Mozambique, said that the country is the next Investment destination for the Indian industry. read more news..

EPCH to organise jewellery exhibition July 9-11

The Export Promotion Council for Handicrafts (EPCH) will hold a special show July 9-11 in the national capital region as part of its efforts to tap the $16.3 billion world market of fashion jewellery and accessories. read more news..

Indian packaging firm eyes African market

India's leading flexible packaging company UFLEX is all set to make ambitious forays into Africa with its state-of-the-art plant in Egypt starting production this month. view more news..

Textile exporters facing tougher competition in US

Indian textile exporters are facing stiffer competition in the US market from countries like China, Indonesia, Vietnam and Bangladesh, findings of a new report by the Federation of Indian Chambers of Commerce and Industry (FICCI) indicate. read more news..

NDA Left countrywide bandh hits normal life

Life in many parts of the country has been disrupted with non-Congress political parties enforcing a nationwide bandh against the increase in food and fuel prices. read more news..

UAE and Ireland agree on tax break for investors

The United Arab Emirates has signed an agreement with the Republic of Ireland to give tax relaxation to the investors of each other's country. view more news..

Two Anil Ambani group firms propose merger deal

The boards of two energy firms belonging to the Reliance Anil Dhirubhai Ambani Group (ADAG) -- one in the business of generating power and the other that trades and transports oil and gas -- Sunday approved their merger in a $11-billion all-stock deal. read more news..

Finance Minister brushes off fuel price roll back

A day before a countrywide shutdown called by opposition parties, including the Left, on the fuel price hike, union Finance Minister Pranab Mukherjee Sunday brushed off any suggestions of a roll back and said the political parties could decide how they wanted to protest. view more news..

We are not against growth: RBI

The Reserve Bank of India Sunday defended its decision to raise key short-term lending and borrowing rates to contain inflation, refuting the argument that the apex bank and the finance ministry are working towards divergent policy goals. read more news..

China raises 2009 growth rate to 9.1 percent

China Friday raised its growth estimate for 2009 to 9.1 percent from 8.7 percent announced earlier, signifying a stronger economic recovery from the global downturn. read more news..

Infrastructure sector needs $90 billion in 5 years: Kamal Nath

Road Transport and Highways Minister Kamal Nath Friday said India's infrastructure sector needs $90 billion investment in the coming five years. read more news..

Government may intervene if crude oil prices turn volatile: Deora

The central government will step in to regulate the decontrolled price of petrol if crude oil rates turn highly volatile in the international markets, Petroleum and Natural Gas Minister Murli Deora Friday said. read more news..

RBI hikes key interest rates by 25 basis points

India's central bank on Friday has hiked key interest rates by 25 basis points with immediate effect in an attempt to contain soaring inflation, which could make housing and auto loans costlier. read more news..

RBI policy rate hike desirable: Pranab Mukherjee

Finance Minister Pranab Mukherjee Friday called the Reserve Bank of India's (RBI) decision to raise key policy rates "desirable", even as a leading industry body voiced concern over the increase in cost of borrowing for corporates. read more news..

Dream of flying car soon to become reality

A car which can fly if caught in a traffic jam is soon to become a reality as the US aviation authority has given its nod for commercial production of "ligth sport" aircraft. read more news..

China allows duty-free access to Bangladeshi goods

Beginning Thursday, China will provide duty-free entry to major Bangladeshi products with an aim to offset the annual trade gap of $2.5 billion. read more news..

Future Generali to open 100 new branches

Private life insurer Future Generali India will expand its distribution network by opening around 100 branches and sign up bancassurance deals to close this year with a fresh premium of Rs.1,200 crore, a top company official said Wednesday. read more news..

Nagarjuna leads race for India-Nepal border check post project

A joint venture between Indian construction major Nagarjuna Construction Company and Mumbai's inter-border check post specialist KS Softnet Solutions is leading the race for a government of India-funded Rs.87 crore project on the India-Nepal border. read more news..

TVS Motor logs 36 percent sales growth in June

Two wheeler manufacturer TVS Motor Company has clocked a 36 percent increase in sales last month as compared to the volume it logged in June 2009. read more news..

Exports continue to surge, up 35 percent in May

Merchandise exports in May rose by 35 percent to $16.14 billion compared to $11.9 billion in the year-ago period, the government said in New Delhi on Thursday. read more news..

Delhi moves to issue unique identification numbers

The Delhi government Wednesday said it had signed a pact with the Unique Identification Authority of India (UIDAI) to start rolling out identification numbers for residents in the city. read more news..

Government forms panel to study impact of proposed mines in Orissa

The government has formed a four-member committee to consider and make recommendations on the impact of plans to divert 660.749 hectare of forest land for bauxite mining in Orissa's Kalahandi and Rayagada districts, a statement said Wednesday. read more news..

SBI staff calls for two-day strike in WB from July 5

The State Bank of India (SBI) Staff Association in West Bengal on Wednesday called a two-day strike from July 5, which would affect operations in around 800 branches and 3,000 ATMs. read more news..

TRAI proposes 74 percent foreign investment in DTH

India's broadcasting industry watchdog Wednesday recommended increasing the cap on foreign investment in direct-to-home services from the current 49 to 74 percent. view full article..

Food inflation cools down to 12.9 percent

India's annual food inflation slowed to 12.9 percent for the week ended June 19 due to what analysts said a weakening base effect. read more news..

UAE's non-oil trade up 7 percent in April

The UAE's non-oil foreign trade grew by 7 percent to Dh 56.04 billion (around $15 bn) in April this year as compared to Dh 52.34 billion in 2009. read more news..

Tribunal to recover damages from Coke in Kerala

A tribunal will be set up to recover Rs.216.26 crore from Coca-Cola for the socio-economic damage caused by its bottling plant in Palakkad that has now been shut down, Chief Minister V.S. Achuthanandan said Wednesday. The soft drink giant, however, maintained that it had done no wrong. read more news..

Yahoo to buy back stocks worth $3 billion

Yahoo wants to decrease the number of its shareholders and will buy back up to $3 billion in stocks over three years, the internet search company said Wednesday after its board approved the move at its recent annual meeting. read more news..

Honda recalls cars in China due to airbag defects

Japanese car-maker Honda has decided to recall its Civic and Stream models sold in China due to airbag defects, fearing it could cause injury to the vehicle occupants, China's quality inspection authorities said. read more news..

SMEs and big players to give economy China's strength

Indian democracy and its well-balanced economic system, powered both by small & medium enterprises (SMEs) as well as big players, exports as well as domestic demand, may soon push the nation' economy to catch up with China's pace of growth, says noted French economist Guy Sorman. read more news..

Romania to lay off 60000 in public sector

In a bid to cut administrative costs, the Romanian government has decided to lay off 60,000 public sector employees. read more news..

US House passes financial reform overhaul

The US House of Representatives Wednesday approved a final version of legislation that marks the largest overhaul of financial regulation since the Great Depression of the 1930s. read more news..

L&T bags orders worth Rs.1383 crore

Subsidiaries of engineering and construction major Larsen & Toubro (L&T) have bagged orders worth Rs.1,383 crore, the company said in a regulatory statement Wednesday. read more news..

India and US join hands to explore SME opportunities

The Confederation of Indian Industry (CII) and partner organization United States-India Business Council (USIBC) has launched an Indo-US SME Initiative in Washington on Thursday, with the objective of exploring commercial opportunities for small and medium companies in both countries and expanding reach into lesser known but rapidly growing cities. read more news..

RBI cautions people against fraudulent e-mails

The Reserve Bank of India (RBI) Wednesday cautioned the public against fraudulent e-mails on winning millions of rupees in lotteries. read more news..

Eurozone crisis hits Indian SMEs

The lingering sovereign crisis in eurozone is hampering the business growth of Indian SME exporters and making them apprehensive about their profitability. read more news..

India and New Zealand FTA talks in August

India and New Zealand are expected to have their next round of negotiations for a market-opening free trade agreement in New Delhi in August, according to the ministry of foreign affairs and trade (MFAT). read more news..

New interest rate regime comes into force today

A new interest rate regime, aimed at improving transparency and disallowing big corporations to get loans at rates below established benchmarks, kicks in from Thursday as part of a new rule that requires banks to set their minimum lending rates. read more news..

RBI asks banks to give more loans to MSEs

The Reserve Bank of India (RBI) has asked banks to increase the credit flow to micro and small firms (MSEs) and target a 20 percent year-on-year growth in MSE credit as sought by a task force appointed by Prime Minister Manmohan Singh. read more news..

Britain committed to enhanced partnership with India

British Business Secretary Vince Cable on Tuesday has assured Commerce Minister, Anand Sharma, that his country was committed to an "enhanced partnership" with India. read more news..

B2B meet encourages MSMEs to achieve global standards: CII

"Quality standards, competitive pricing and timely delivery are the key elements to forge business linkages," said P K Bansal, Additional Director Industries, Government of Haryana at the day-long Buyer Seller Meet that was organized by CII Haryana State Council at CII Conference Hall, Gurgaon on Tuesday. read more news..

Fuel price hike will add to exporters woes: FIEO

Hike in fuel prices will make Indian exports uncompetitive as it would add to costs of exporting units, which have to be highly depend on diesel and other alternative fuels instead of electricity due to erratic power supply in industrial areas, said the Federation of Indian Export Organization on Tuesday. read more news..

Formula One designer comes up with small city car idea

Britain's famous luxury and Formula One car designer, Gordon Murray, has now come up with the design for an economical electric city car that would cost no more than 6,000 pounds to produce. read more news..

Mercedes-Benz launches pre-owned car business in India

Luxury car maker Mercedes-Benz Monday launched its pre-owned car business in India under its "Proven Exclusivity" programme. read more news..

ADAG signs MoU with MSRDC for Worli-Haji Ali sea link

Reliance Infrastructure, an Anil Dhirubhai Ambani Group firm, Monday signed a memorandum of understanding with the Maharashtra State Road Development Corporation (MSRDC) to construct the 3.3-km Worli-Haji Ali sea link. view more news..

Court orders Air India to de-seal staff union offices

The Delhi High Court Monday directed Air India's holding company, National Aviation Company of India Ltd (NACIL), to de-seal the employees' union offices that were sealed during a strike last month. read more news..

SBI sets base rate at 7.5 percent

India's largest public sector lender State Bank of India (SBI) on Tuesday fixed its benchmark lending rate at 7.5 percent, a move raising expectation that private banks and other lenders are also likely to peg their base rate closer to that of SBI to stay competitive in the corporate loan market. read more news..

Petrol decontrol positive for oil companies: Crisil

Credit rating agency Crisil said the decontrol of petrol price will positively impact the financial risk profiles of oil marketing companies. read more news..

Mobile subscribers crossed 617 million mark in May: TRAI

The number of mobile subscribers in the country crossed 617 million in May, with an addition of 16.3 million new connections, according to official data released on Monday. read more news..

Andhra Pradesh receives investment proposals of Rs.18137 crore

Andhra Pradesh has received proposals for investment of Rs.18,137.88 crore with an employment potential of over 59,000 people, a statement said on Monday. view more news..

India needs more entrepreneurs: Expert

India needs to churn out more entrepreneurs if it wants to grow at a faster pace of 10 percent, says Ashank Desai, one of the key authors of India's IT success story. read more news..

Hike in fuel prices was essential, says Pranab Mukherjee

Justifying the recent hike in prices of petrol and diesel, Finance Minister Pranab Mukherjee said in Mumbai on Monday that it was essential to meet the under-recoveries of the oil marketing companies. read more news..

Diesel prices will also be decontrolled: PM

Saying that people will understand the perils of excessive populism, Prime Minister Manmohan Singh on Tuesday said diesel prices will also be decontrolled on the lines of petrol last week. read more news..

RBI may delay policy rate hike a few weeks

Amid debate on how soon the Reserve Bank of India will raise key policy rates to tame inflation, a report has viewed that the central bank may wait for a few weeks before raising policy rates. read more news..

Government expects 15 percent growth in auto exports this year

In the wake of rise in demand in European markets, the government has said the country's total vehicle export is likely to increase by up to 15 percent in the current fiscal. read more news..

Pranab urges banks & states to reach MSMEs

Finance Minister Pranab Mukherjee Monday said that credit flow to micro, small and medium enterprises (MSMEs) in most part of the central and western states is still lower and emphasized the need to extend mainstream banking facilities to micro firms, manufacturing and service sectors, and people from 'all strata' including small farmers and the poor. read more news..

Britain to relocate unemployed to places where there are jobs

The British government is drawing up a plan to relocate unemployed people to areas in the country where there are jobs, a media report said. read more news..

Sonia Gandhi inaugurates Rohtang tunnel construction

Congress president Sonia Gandhi on Monday launched the building of a strategic 8.8 km long tunnel in this picturesque valley in Himachal Pradesh that will enable year-round connectivity between Manali and the Ladakh region of Jammu and Kashmir. read more news..

Ruling Marxists call strike against fuel hike in Tripura

A dawn-to-dusk strike called by the ruling Communist Party of India-Marxist (CPI-M)-led Left Front to protest against the hike in fuel prices Monday brought life to a halt in Tripura. read more news..

Rely less on exports, more on domestic demand

Focusing more on domestic demand rather than exports will help the developing economies to counter the global uncertainties, Prime Minister Manmohan Singh said at the G-20 Summit in Toronto on Sunday. read more news..

Indian SME sector sets example for developing nations

The Indian small and medium business sector has set a good example for rest of the developing countries, said National Small Industries Corporation (NSIC) CMD HP Kumar on Friday. read more news..

India closely watching Pakistan-China reactor proposal

India is closely watching the stand the 45-member Nuclear Suppliers Group (NSG) intends to take on China's proposal to supply two more rectors to Pakistan. read more news..

China to cut production of chopsticks in environment bid

China will limit production of disposable chopsticks in a bid to protect the environment, the government said. Currently, some 45 billion pairs of chopsticks, equivalent to 25 million fully grown trees, are produced annually, adversely impacting the environment. read more news..

Birla Corporation to infuse Rs.2400 crore for expansion

The M.P. Birla group's flagship company Birla Corporation will infuse Rs.2,400 crore over the next few years to fund its expansion plans in cement and clinker. read more news..

Apex court relief for British Airways

Providing relief to the British Airways (BA), the Supreme Court Wednesday said the airline could not be held guilty of indulging in unfair trade practices over alleged delay in delivery of cargo sent from India to Paraguay. view more news..

Bhopal tragedy a huge learning for Indian industry: CII

There are huge lessons for India and Indian Industry in the Bhopal Gas Tragedy, said CII President, Hari Bhartia in a press release issued in New Delhi on Wednesday. read more news..

No drought like situation, don't panic: Minister

The government Wednesday said it did not expect a drought like situation this year and it was well equipped if climatic changes affected agriculture production. read more news..

World Bank aid to India to reach $9.3 billion by June

The World Bank said its total loan support to India, for development of small and long term projects, will reach $9.3 billion by the end of the bank's financial year in June. read more news..

No likelihood of privatizing railways: Mamata Banerjee

Railway Minister Mamata Banerjee has said there was no likelihood of privatizing Indian Railways, even as she admitted that several projects are not being implemented for want of funds. read more news..

Government likely to remove export ban on non-basmati rice

After a year-long wait, rice exporters see a ray of hope of lifting ban on exports of non-basmati rice from October-November. read more news..

V U or W shaped- recovery path uncertain: Pranab Mukherjee

The worst global recession in decades has put the world in a soup, or an alphabet soup to be precise, feels Indian Finance Minister Pranab Mukherjee. read more news..

Handicrafts exports surge 19 percent in May

Exports of handmade items from the country registered about 19 percent growth to over $154.16 million in May, driven by a surge in demand in the US markets. read more news..

SEBI for simpler products by mutual funds

India's markets watchdog Wednesday asked mutual funds to come out with simpler, investor-friendly products and said the industry can putforth proposals for a common policy for its governance. read more news..

Exporters get 6 more months to make drawback claims

Exporters will get more time to make a claim for drawback re-export of imported goods as the Finance Ministry has recently amended drawback rules to empower the Customs Commissioner to provide six month extension of time limit for filing of drawback claims. read more news..

Court orders clubbing three chargesheets in Satyam scam

The special court trying the Satyam scam cases in Hyderabad Wednesday clubbed three chargesheets filed by the CBI in the multi-crore accounting scam. read more news..

Delhi to introduce low-fare taxis

New non-airconditioned, low-fare cabs will be introduced in the capital as a more comfortable alternative to the crowded public transport system. read more news..

India and US to reach for the stars in economic ties

India and the US have pledged to together "try to reach for the stars" in fostering a stronger strategic partnership with enhanced bilateral trade and investment and economic, social and innovation linkages. read more news..

Dhaka garment units resume work after security assurance

About 250 readymade garment units located on the outskirts of Dhaka, which saw violent protests by workers over closure of factories during last three days, resumed operations Wednesday morning after a government assurance regarding security. read more news..

British airways tries saving merger deal with Iberia

British Airways (BA) has inched closer to a merger with Spanish national carrier Iberia after striking a deal with its pension trustees to neutralise its pensions deficit of &pound3.7 billion. read more news..

Indian exporters apprehensive on China's yuan flexibility move

Although Indian exporters have hailed the recent move by China to make yuan more flexible in near future, they are still apprehensive about its possible benefits, which will be nullified if rupee continues appreciating or China shows lack of commitment to what it has promised. read more news..

USADF signs 2 grants with community groups in Liberia

In an effort to improve people's livelihoods, the United States African Development Foundation has signed two grants to benefit grassroots cooperatives in Liberia. The grants will benefit the Gbalin Women Multipurpose Development Cooperative Society, Ltd. (GBMDCS) and Glahkon Bamboo Furniture Company (Glahkon). read more news..

Belarus stops gas transit to Europe over payment

Belarus has put on hold gas transit to Europe through its territory until the Russian energy giant Gazprom pays for the use of its pipelines. read more news..

Britain joins austerity club with measures amounting £40 billion

Britons bore the brunt for the second time after the global meltdown as the David Cameron government Tuesday introduced the harshest of spending cuts in several decades amounting to £40 billion, saying there was no alternative to bring down the gigantic budget deficit. read more news..

Cellular operators to pay hiked tower fee to MCD: Court

The Supreme Court Tuesday asked cellular operators to pay half the enhanced fee for mobile phone towers to the Municipal Corporation of Delhi (MCD) in Fixed Deposit Receipts (FDRs). read more news..

Amway eyeing annual sales of Rs.2500 crore by 2012

The country's leading direct selling fast moving consumer goods (FMCG) company, Amway India Enterprises Limited, is targetting annual sales of Rs.2,500 crore by 2012, a top company official said in Kolkata on Tuesday. read full article..

Norwegian Orkla eyes more acquisitions in India

Norwegian branded consumer goods major Orkla ASA is looking for strategic acquisitions in India to expand its presence and tap opportunities emerging in the processed food products segment, a senior company official said Tuesday. read more news..

Nissan India logs 1000 bookings for Micra since May

Nissan Motor India Tuesday claimed that it has pre-order bookings of 1,049 numbers for its small car Micra to be launched next month. read more news..

Tata Motors going steady as regards world truck sales

Tata Motors is moving steadily on marketing its high horse power world truck developed with south Korean subsidiary Tata Daewoo, a top company official said Tuesday. read more news..

Delhi’s apparel export industry may double in 5 years: study

According to management consulting firm Third Eyesight, which carried out a study commissioned by the German technical cooperation (GTZ) under MSME Financing and Development Project, Delhi- NCR region can double apparel exports in 5 years. read more news..

Eight coal mines in Orissa face closure threat

At least eight open cast coal mines of the Mahanadi Coal Fields Limited (MCL), a subsidiary of public sector undertaking Coal India, in Orissa are facing closure threat due to want of land, a company official said on Wednesday. read more news..

US wants India to address longstanding impediments

The United States has asked India to address what it called "longstanding impediments" like investment caps, agricultural market access barriers and high tariffs as they work on accelerating their bilateral economic relationship. read more news..

India welcomes China's move on flexible currency

India has welcomed China's decision to make its currency more flexible, it would help world trade, Finance Minister Pranab Mukherjee said in response to a question at an interactive at a joint meeting India-US CEOs Forum in Washington on Monday. read more news..

Pranab suggests staggered fiscal exits for countries

Finance Minister Pranab Mukherjee has suggested that as nations recovering from global recession undertake fiscal consolidation, fiscal exits could be staggered and be country specific, depending on market conditions in each country. read more news..

Decision on fuel price hike on Friday

A ministerial panel will meet Friday and may decide on decontrolling fuel prices as per the Kirit Parikh committee recommendations. read more news..

Auto, taxi fares hiked in Delhi; Mumbai to follow

The Delhi government Tuesday announced a steep hike in auto and taxi fares. For autos, commuters will now have to pay Rs.19 for the first two kilometres and Rs.6.50 for each subsequent kilometre. read more news..

India and Canada set to ink nuclear deal after G-20

India and Canada are finally set to sign a civilian nuclear agreement during Prime Minister Manmohan Singh's visit here for the G-20 summit at the weekend. read more news..

FICCI for separate R&D policy for textile sector

Strength of the Indian textile industry has been in low value and the government needs to formulate a comprehensive R&D policy to make the sector 'fundamentally strong', the Federation of Indian Chambers of Commerce and Industry (FICCI) said on Tuesday. read more news..

Indian exporters to gain from flexible yuan

India's exporters will benefit from China's decision to make its currency, yuan, more flexible, the Confederation of Indian Industries said in New Delhi on Tuesday. checkout full article..

Cadbury kin plans rival chocolate company

An heiress to the fortune of Cadbury, the famous British chocolatiers, is selling her 27 million pounds family estate to launch a chocolate company to rival American giant Kraft which took over the company earlier this year. read more news..

Amazon cuts price of Kindle e-book reader

Online retail giant Amazon.com has joined the price war of e-book readers, and has slashed the price of its popular Kindle reader by more than a quarter. read more news..

Abu Dhabi tourism staff train in Singapore

The staff of the Abu Dhabi Tourism Authority (ADTA) have undergone a five-day leadership-development training programme in Singapore, an official said Monday. read more news..

Orissa to renew MoU with POSCO

The Orissa government is likely to renew its pact with South Korean Pohang Steel company (POSCO) to set up a $12 billion project in the state, which expired Tuesday, with some modifications. read more news..

Colombia to auction off 230 oil fields

Colombia will auction off its 230 oil exploration blocs including those situated in the Pacific region and along the maritime border with Nicaragua. read more news..

Bokaro steel plant posts Rs.2085 crore profit

Bokaro Steel Plant (BSP) Monday announced posting profit of Rs.2,085 crore in the 2009-2010 financial year. read more news..

BEML net dips 17 percent in fiscal 2010

State-run BEML (Bharat Earth Movers Ltd) posted net profit of Rs.223 crore for fiscal 2009-10 as against Rs.269 crore in 2008-09, registering 17 percent decline year-on-year (YoY), the company said Monday. read more news..

Steel major plans 60 mn tonnes production by 2020

Steel Authority of India Ltd (SAIL), India's largest steel maker, will raise its production to 60 million tonnes (MT) by 2020 as part of its plans to become a "global player", the company chairman said Monday. read more news..

G20 should focus on green measures for growth: UN

Leaders of the group of 20 developing countries (G20) should focus on environment-friendly measures to promote global economic recovery, UN Secretary-General Ban Ki-moon has said. read more news..

India and Bangladesh mulling coal-based power generation

A Bangladeshi team left for New Delhi Monday to negotiate final terms of a draft agreement with India to set up a 1,320 MW coal-fired power plant in Khulna and a cross-border transmission line to import 250 MW power from West Bengal. read more news..

India and China-like strong trade linkages key to recovery: IMF

Citing India and China's faster recoveries thanks to their strong trade linkages, the International Monetary Fund (IMF) has advised other emerging market economies (EMs) to similarly protect themselves from future shocks. view more news..

States asked to lower duties on petroleum fuels

In a bid to ease the burden of high fuel prices, Petroleum Minister Murli Deora has asked all states to reduce their levies on petrol and diesel, which at some places are as high as 33 percent. view full article..

UAE discusses economic ties with Slovenia

UAE Economy Minister Sultan Bin Saeed Al Mansoori said Monday his country is looking forward to a new era of economic cooperation with Slovenia. view more news..

Economy back on high growth trajectory: Pranab Mukherjee

Finance Minister Pranab Mukherjee on Monday said that the Indian economy has returned on a high growth trajectory and the government has set an ambitious target of making 2012 the year of double digit growth even as it grapples with the twin problems of mounting deficit and rising inflation. read more news..

Prices of consumer goods to rise further

Prices of consumers goods are likely to rise further over the next six months, the Associated Chamber of Commerce and Industry of India (ASSOCHAM) said Monday, basing its prediction on a country-wide survey. checkout full news..

Governement to launch 'Power of Ideas' to back innovative business

The Indian government will Tuesday launch an initiative to support innovative business ideas from people by helping them to connect with mentors and investors. read more news..

Industry urges RBI to ensure export credit at lower rate

Amid growing concerns that the Reserve Bank of India's decision to shift to the base rate modal from the current Benchmark Prime Lending Rate (BPLR) from July 1 will make credit costlier for exporters, an industry body Monday urged the country's central bank to continue regulating export credit to ensure that the cost of export credit does not increase under the new system. view more news..

Biotech industry registers 17% growth in Financial Year 2010

India's bio-tech industry clocked a 17 percent growth with revenues of Rs.137 billion ($3 billion) in the 2009-10 financial year over the previous fiscal, according to a survey. read more news..

BP raises $50 billion for oil spill cost

British oil company BP was trying to raise an extra $50 billion to cover the cost of the devastating oil leak in the Gulf of Mexico, the weekly Sunday Times reported Sunday. read more news..

Government declares ULIPs life insurance product

Delivering a knock out punch to the Securities Exchange Board of India (SEBI), the government through a ordinance issued late Friday, has unequivocally declared that unit linked insurance policies (ULIPs) are part of the life insurance business. read more news..

Govt. declares ULIPs life insurance product

Delivering a knock out punch to the Securities Exchange Board of India (SEBI), the government through a ordinance issued late Friday, has unequivocally declared that unit linked insurance policies (ULIPs) are part of the life insurance business. read full article..

Trade, investment top India-US CEOs Forum agenda

Trade, investment, and an easier visa regime are expected to be the key focus as Indian and US policymakers and corporate leaders meet here Tuesday to discuss how to enhance their business ties. read more news..

British government staff work less and earn more

British government employees spend nine years less at work than their private sector counterparts in their lifetime but earn 30 percent more, a new study has revealed. read more news..

China to build more nuclear power plants

China has selected four new sites in its northeast for construction of nuclear power plants with an aim to generate four million KW of electricity every year. read more news..

Bank employees in Rajasthan to strike work Monday

Banking operations in Rajasthan are set to be paralysed Monday with all bank employees threatening to boycott work in support of the three-day strike by Bank of Rajasthan staffers, a bank employees union official said Friday. read more news..

Ex-foreign secretary Shyam Saran to join Wipro board

Former foreign secretary and the prime minister's envoy on climate change Shyam Saran will July 1 join the board of global software major Wipro Ltd as an independent director, the IT bellwether said on Friday. read more news..

Ford workers seek government intervention

The newly-formed employees union at Ford India has sought the government's intervention in making the car company start negotiations with it. read more news..

RBI wants banks fix their savings rates

The Reserve Bank of India Friday said it wants the lenders to fix their individual rates for savings deposits, as part of the financial sector reforms. view more news..

Extend focus market benefits to whole Europe: FIEO

With uncertainty reigning in the European markets, which was triggered by the sovereign debt crisis in Greece, the government should consider extending focus market benefits to left over European countries, urged the Federation of Indian Export Organisations (FIEO) on Friday. read more news..

Obama asks G-20 leaders to boost reforms for recovery

US President Barack Obama has urged the world's top 20 economies to work together to boost reforms and take aggressive actions to repair the worst global financial crisis since the 1930s. read more news..

Next wave of Finnish SMEs on way to India

More than 90 small and medium companies from Finland, employing about 30,000 people, have set up shop in India and another big wave from the Nordic nation is on the way, a Finnish diplomat said here Friday. view more news..

Incentives for MSMEs in AP's new industrial policy

Andhra Pradesh Government has announced a new industrial policy for the next five years, which offers a series of incentives, especially for micro, small and medium enterprises (MSMEs). view more news..

Naga groups lift 68-day Manipur economic blockade

An indefinite economic blockade of Manipur by several Naga groups ended Friday with the last of the two splinter organisations calling off the 68-day agitation that led to shortage of food and medicines in the state. view more news..

Rs 983 cr for Bhopal gas victims, final report on Monday

The Group of Ministers (GoM) on the 1984 Bhopal gas tragedy held its first meeting in New Delhi on Friday and discussed relief and rehabilitation for the victims of the world's worst industrial disaster. view more news..

Botswana continues wooing Indian entrepreneurs

Botswana's Vice President Mompati Merafhe, who is on a four-day visit to India in a bid to promote Indian investment in the country, Friday opened an export and investment office in Mumbai, just a day after signing an agreement with India in the field of micro, small and medium enterprises (MSMEs). view more news..

Food Processing a promising sector: Sahai

Food Processing Industries Minister Subodh Kant Sahai Friday said India can take to large scale development of the food processing industries to create a niche for itself in the world. check out full article..

FM heads high-power team to India-US CEOs Forum

Finance Minister Pranab Mukherjee heads a high-power team of policymakers and corporate leaders to the India-US CEOs Forum in Washington Sunday to outline the next steps forward in enhancing business ties between the two countries. read more news..

Mukesh Ambani hopes for a harmonius relations with Anil

Mukesh Ambani, chairman of Reliance Industries, Friday assured gas supplies from the Krishna-Godavari basin to power-generation firms led by younger brother Anil and hoped for "harmonious" ties between the two groups in the future. read more news..

NSIC signs MoU with Botswana for development of MSMEs

India's National Small Industries Corporation (NSIC) and Local Enterprise Authority (LEA), a statutory authority of the government of Botswana, both of which support micro, small & medium enterprises (MSMEs) in the corresponding countries, signed an agreement of mutual cooperation for the development MSME sectors in the two countries. view more news..

France to raise retirement age to cut deficit

In the plan made public Wednesday by Budget Minister Eric Woerth, the retirement age will rise by four months every year beginning July 1, 2011. At the same time, workers will have to retire at age 67 to benefit from full pension payments, instead of the current 65. view more news..

US targets bank and petro firms in new Iran sanctions

The United States has announced new sanctions against Iran targeted at the country's nuclear and missile programmes, targeting another of its state-controlled banks, more than 20 companies and its Revolutionary Guard Corps. read more news..

UK announces sweeping banking regulation reforms

British Chancellor of the Exchequer George Osborne has announced sweeping changes for stronger regulation of the UK's banking system in order to avoid a banking meltdown like the one in 2007 that plunged the country into the worst financial crisis. read more news..

Punj Lloyd Group wins contract worth S$ 419 million

Punj Lloyd Group subsidiary, Sembawang Engineers and Constructors (Sembawang), one of the leading engineering and construction companies in Southeast Asia and MENA (Middle East & North Africa) region has clinched a major contract worth Rs. 1394 crore (S$ 419 million) from Singapore’s landmark integrated resort Resorts World Sentosa , a subsidiary of Genting Group. read more news..

Supreme Court stays High Court order on Bellary Iron Ores

The Supreme Court Wednesday stayed an Andhra Pradesh High Court order permitting Bellary Iron Ores Pvt Ltd to lift 1.03 tonnes of processed iron ores after depositing Rs.1.5 crore with the state government. read more news..

Reliance Capital to buy 18 pc stake in Bloomberg UTV

Reliance Capital, part of the Anil Dhirubhai Ambani Group, has said it will acquire an 18 percent interest in business channel Bloomberg UTV. view more news..

Manipur crisis lingers, govt. says goods to move Saturday

The government Wednesday said the first convoy of goods to Manipur is expected to move Saturday, as a blockade of roads into the northeastern state by Naga tribal groups continued despite a decision to send in forces and a section of Naga students calling it off. view more news..

India and South Korea to discuss bilateral trade on Friday

India and South Korea will discuss the contours of a bilateral civilian nuclear deal and map out steps to achieve a $30 billion trade when the foreign ministers of the two countries hold talks in Seoul on Friday. read more news..

Government releases guidelines for solar plants

"The guidelines that we have released today are meant to tap into the diverse and enormous potential of solar energy in all applications - rural, industrial as well as urban. The guidelines are flexible, simple and market friendly," union Minister of New and Renewable Energy Farooq Abdullah said in New Delhi on Wednesday. read more news..

Montek sees no reason to worry about food inflation

While the common man is reeling under the impact of rising food prices and the country's Finance Minister too expressing concern, the Planning Commission Deputy Chairman Montek Singh Ahluwalia however said that there was no need to worry as food inflation may rise further but will decline eventually. view more news..

FM optimistic of 8.5 pc growth, working on GST

Finance Minister Pranab Mukherjee on Wednesday said he was optimistic of achieving the targeted growth of 8.5 percent if a good monsoon this year supplements the improving Indian economy. He also said that he was working to evolve consensus on the proposed Goods and Service Tax (GST). view more news..

India is third fastest growing investor in the US: Study

With an investment of over USD 7 billion in 2009, India is emerging as the third-fastest-growing foreign investor in the recession-hit US economy, according to a senior US official. read more news..

Urban renewal mission to cover 28 more cities

The central government plans to fund 28 more cities under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) during the 12th Five Year Plan (2012-17) to improve civic infrastructure, union Urban Development Minister S. Jaipal Reddy said in Bangalore on Tuesday. view more news..

SMEs need to perk up R&D activities

Small and Medium Enterprises (SMEs) in India are research-averse and uncomfortable to spend much on research and development activities, said the Chairman and Managing Director, National Research Development Corporation (NRDC), Somenath Ghosh to SME Times in New Delhi on Tuesday. read more news..

IMF executive board approves new three-year PSI

The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review of Mozambique's economic performance under the Policy Support Instrument (PSI) and approved a new three-year PSI. read more news..

2800 Kids Worldwide Speak Out on Cyber Safety

Kids around the globe are growing up in an online world, learning to navigate not just the Web, but new rules, emotions and unfortunately, some negative experiences. view more news..

Apple unveils all new Mac mini

Apple today unveiled a completely redesigned Mac mini, featuring up to twice the graphics performance, a new HDMI port and a new SD card slot, all in an amazingly compact aluminum enclosure. Mac mini is the world's most energy efficient desktop and starting at $699, is the most affordable way to enjoy Mac OS X, iLife or Mac OS X Snow Leopard Server. view more news..

DQE joins Sun TV for the provision of animated content

DQ Entertainment, the animation, gaming, live action entertainment production and distribution company, today announces an exclusive broadcasting agreement with Sun TV Network Ltd ("Sun TV"), one of India's largest media conglomerates, for the provision of animated content. read more news..

Infosys targets 5% revenue from government contracts

Infosys Technologies is targeting around five percent of its revenue from government contracts over the next five years and planning to increase the headcount of foreigners in the company by 10 to 15 percent. view more news..

Manipur economic blockade suspended

A major showdown between security forces and tribal Naga protesters was averted with the apex tribal students' group of Nagaland announcing that it would suspend a more than two-month blockade of roads leading to Manipur by Tuesday evening. read more news...

EUROCHAMBERS joins FISME to help Indian SMEs go green

In an important development that could be crucial for Indian Small and Medium Enterprises (SMEs), which have been in quest of environment friendly technologies, the European Association of Chambers of Commerce and Industry (EUROCHAMBERS) on Monday signed a Memorandum of Understanding (MoU) with Federation of Indian Micro and Small & Medium Enterprises (FISME) in this regard. read more news..

China makes strategic forays into Bangladesh

In another sign of its growing strategic inroads into South Asia, China has proposed to help Bangladesh build a deep-sea port in Chittagong and agreed to exchange data about the Brahmaputra river that flows from Tibet to Bangladesh through India. view more news..

Court says no to de-sealing of Delhi mobile phone towers

In a setback to mobile phone operators, the Delhi High Court on Monday refused to give any interim relief to them by directing the Municipal Corporation of Delhi (MCD) to de-seal some of their towers. read more news..

SMEs playing big in employment generation

The Small and Medium Enterprises (SMEs) have outperformed the large industries in the country in terms of job creation in the aftermath of the global economic meltdown, says a new study, which, however, cautions that a lot more still need to be done to boost the crucial sector in the economy. view more news..

Small cos to benefit from new base rate regime

Shifting to the new base rate modal by banks from the current Benchmark Prime Lending Rate (BPLR) would make it easier for small scale companies to raise money through banks, according to a new survey conducted by an industry body among bankers and economists. view more news..

China's private sector provides 90 percent of jobs in 2010

Over 150 million people in China found employment in the first few months of 2010 and 90 percent of these jobs were provided by the private sector, a Chinese cabinet minister has said. view more news..

Mahindra Satyam driving FIFA World Cup's software network

Mahindra Satyam is the official information technology service provider for the FIFA World Cup Soccer and has developed the event management solutions with some complex software for one of the most watched sporting events in the world. read more news..

2-day Pharma Leadership Summit begins on June 25

Tradeindia.com, the country's leading B2B e-marketplace will be the online partner of the two-day third Annual Pharmaceuticals Leadership Summit 2010, which will get underway in Mumbai on June 25. view more news..

India-Syria agree to raise bilateral trade

Anand Sharma, Union Minister of Commerce & Industry, has announced that India and Syria have agreed to make concerted efforts to raise the bilateral trade to a level commensurate with the potential of the two countries. view more news..

Industry registers 17.6 percent growth in April

Industrial output of the country rose at a faster-than-expected 17.6 percent year on year in April, growing in double digits for the seventh straight month, on good showing by manufacturing, particularly capital and consumer goods. read more news..

Hosiery industry urges government to curb yarn exports

The hosiery industry has urged the government to take steps to reduce the prices of cotton yarn and ensure domestic availability of the raw material by cutting down exports. view more news..

Public procurement policy for MSMEs likely this week

The new public procurement policy, which will make it mandatory for ministries and Public Sector Units (PSUs) to procure 20 percent of their annual purchase volume from micro and small enterprises (MSEs), will be finalized and placed before the cabinet by the end of this week, said Secretary, Ministry of MSME, Dinesh Rai on Tuesday. view full article..

Obama sees no immediate solution to Gulf oil spill

US President Barack Obama Monday said that several months would be required to bring the environmentally disastrous oil spill in the Gulf of Mexico under control. read more news..

Nearly two-thirds of IT infrastructure expected to be outsourced by 2020

An annual study commissioned by Savvis Inc., a global leader in cloud infrastructure and hosted IT solutions for enterprises, predicts the number of companies that outsource their IT infrastructure will increase globally from 17 percent today to 64 percent in 2020. read more news..

Government has done well during economic crisis

Information and Broadcasting Minister Ambika Soni Monday said the United Progressive Alliance government has done well during the times of financial meltdown and drought, and the country is expecting good economic growth. view more news..

Indian, Canadian institutes sign MoU on food processing research

The Indian Institute of Crop Processing Technology (IICPT) Monday signed a memorandum of understanding (MoU) with the University of Saskatchewan, Canada, for collaborative research and training in the field of food processing and exchange of faculty and students. view more news..

Funds for farm growth unused but allocation raised

Even as the central government increases allocation under the Rashtriya Krishi Vikas Yojana (RKVY) for the current fiscal, a major chunk of the funds allocated to states during 2009-10 remains unused. view more news..

India's garment exports down 2.64 pc in FY 09-10

Garment exports from India dropped 2.64 percent to USD 10.64 billion in 2009-10 compared to USD 10.93 billion in the previous financial year, fresh data released by the Apparel Export Promotion Council (AEPC) showed. read more news..

UAE and Venezuela sign deal to avoid double taxation

The UAE finance ministry Monday said it has signed an agreement with Venezuela to avoid double taxation and tax evasion on income and capital. view more news..

Hyundai Motor India strike enters second day

The strike by workers at the Hyundai Motor India Ltd plant near Chennai to demand the reinstatement of 67 dismissed colleagues and recognition of their union continued for the second day Tuesday. view more news..

Bhopal gas tragedy verdict questions corporate liability

A city court on Monday held seven officials of Union Carbide plant and the company itself guilty of criminal negligence for the 1984 gas disaster that killed thousands of people. But as the guilty were bailed out within minutes, which questions about corporate social responsibility for environmental disasters, survivors and activists called it a mockery of justice. read more news..

Dearth in workforce hampers handicraft exports

Indian handicraft exporters are facing dearth in labour force, at a time when they are getting fresh orders due to increase in the demands for Indian-produced handicrafts in the Western markets, particularly due to the coming Christmas. checkout full article..

Britain worried that BP oil spill may hit ties with US

The British government is concerned that criticism towards energy company BP for its failure to curb the oil spill in the Gulf of Mexico may hamper the country's relationship with the US. view more news..

Berlin air show to display latest aerospace technology

The Berlin Air Show (ILA 2010) takes off Tuesday in this scenic German capital to demonstrate the advances made in the global aviation and aerospace fields on the ground and in the air. view more news..

PM likely to announce a package for saffron industry

Prime Minister Manmohan Singh on Monday arrived on a two-day visit to Jammu and Kashmir where he is to address a convocation ceremony and announce a revival package for the saffron industry. view more news..

India Show to kick off new era in Indo-UAE trade

The 3-day 'India Show' to be held from Tuesday, in Dubai will help to boost trade between India and the United Arab Emirates (UAE), said the Federation of Indian Export Organisations (FIEO) on Monday. view more news..

KPO sector to grow by 25-30% annually

India's Knowledge Process Outsourcing (KPO) sector is likely to grow by 25-30 percent annually till 2013, driven by rising demand for professional services, according to estimates by a global research firm. view more news..

Deadline for financial bids for Hyderabad Metro extended again

The Andhra Pradesh government on Saturday extended for the second time the last date for submitting financial bids for the Rs.12,132 crore Hyderabad Metro Rail (HMR) project to June 14. click here to read full article..

UN backs traditional farming methods to meet food security

Maharashtra's Korku tribe stores grain with dried neem leaves, while the Konda Savara tribe of Andhra Pradesh has an irrigation system where water is diverted through pipes made of banana trunks. These are some examples of local wisdom sustaining agriculture, which will now be backed by a specialised UN agency. checkout full article..

Plan for external aid agency dropped

Three years after being first mooted, the proposal to have a central agency that would oversee assistance to other countries has been given a quiet burial by the Indian ministry of external affairs (MEA). read more news..

Vice Prez on Europe trip to expand economic relations

Vice President Hamid Ansari on Sunday has left on a week-long visit to the Czech Republic and Croatia to expand India's economic ties with the two east European countries and also sign several bilateral agreements on social security and health care. view more news..

Canada invites Indian entrepreneurs to acquire SMEs

The Canadian province of Saskatchewan is inviting Indian entrepreneurs to take over small and medium enterprises (SMEs) which do not have succession plans. read more news..

Small growers oppose import duty cuts on natural rubber

Small growers in northeast India are a concerned lot after the Delhi High Court asked the government to "consider carefully" the user industry's demand to bring down import duty on natural rubber - a move that they feel can disturb peace. view more news..

Greek crisis may spill over to dampen Indian exports: Study

A new study by the Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed concern that the sovereign debt crisis of Greece may spread over to other European nations which could have catastrophic impact on Indian exports. view more news..

Experts to discuss issues related to small business technology

Furthering its ongoing commitment to small business success, AT&T* today announced it will broadcast a live web seminar on June 10th entitled "Simple Practices for Managing Your Technology." view more news..

Eurozone crisis double whammy for handicraft exporters

The financial storm in Eurozone has certainly been a double whammy for the Indian handicraft exporters as they have been just beginning to heal the injuries of the global crisis that hurted exporters dearly. view more news..

India and South Africa ink three pacts, to jointly spur UN reforms

India and South Africa Friday signed three agreements aimed at enhancing business ties and connectivity. The two countries also reiterated support for each other for a non-permanent seat in the UN Security Council and agreed to jointly work for the reforms of the global body. view full article..

India will keep unwinding economic stimulus: Pranab

India has cleared on Friday that it will keep unwinding economic stimulus deployed during the financial crisis and continue raising interest rates despite uncertainty linked to euro zone's debt woes. read more news..