GDP encouraging but challenges await: Industry

India Inc. has hailed the better-than-expected 7.4 percent GDP growth during 2009-10, but it is still jittery about numerous challenges, including poor credit availability to the industry, particularly the small and medium enterprise (SME) sector, and the Eurozone sovereign debt crisis which could draw down exports to the region in the coming days. read full article..

Increasing frauds - SMEs wary of doing business with China

The business of export-import can be risky and for a small and medium enterprise (SME) it can be a calamity, when one didn’t know much about their far poising new partner sitting in another corner of the globe. Companies whether big or small often face critical business risks including the danger of corruption and fraud. read full article..

Intelligent Data Management and the lifecycle of information

We are living in the age of ‘information overload’. Companies are relying heavily on enterprise planning systems like ERP, SCM and CRM to automate and manage their resources. read more news..

Fertiliser sector reforms will attract fresh investments

The fertiliser sector in India has been through difficult times in recent years. Stagnant production, no fresh investment and poor financial health of the units were accompanied by high level of import, imbalanced use of nutrients and deteriorating soil health. Mounting subsidy bill posed a serious fiscal management problem to the government. read more news..

Court orders panel on Delhi's mobile phone towers

Keeping at abeyance the sealing of illegal mobile phone towers in the city, the Delhi High Court on Monday ordered the central government and the Municipal Corporation of Delhi (MCD) to form a panel and file a report by Sep 15 on regulation of towers. read more news..

Monsoon raises hopes of better farm output, tame inflation

Monsoon hit India's mainland in the southern coast of Kerala a day ahead of schedule on Monday, raising hopes of better rains this year that will raise farm output, help rein in food inflation and boost economic growth. read more news..

Most widely used world university ranking now on iPhone

The world's most popular university ranking (viewed over 18million times on http://www.topuniversities.com) is now even more accessible to its diverse users, thanks to an innovative new iPhone App. read full article here..

Health Robotics South East Asia wins outsourcing projects

Health Robotics today announced that its joint venture Health Robotics South East Asia Ltd. scored two strategic wins by reaching agreements on two separate government-sponsored projects to deliver CytoCare-made accurate and sterile oncology patient doses in Kuala Lumpur and Bangkok, respectively. Health Robotics' CytoCare is the first and only robot in the world proven to automatically compound and dispense oncology intravenous therapy treatments to patients. read full article..

Goodman to develop pre-sold logistics facility in France

Goodman Group (Goodman or Group) has announced the signing of an agreement with discount supermarket chain, LIDL for the development of a 39,392 sqm logistics facility at Chanteloup-les-Vignes in the Western Paris region. read more news..

CNPV signs long-term supply agreement with ENEL Green Power

CNPV Solar Power SA, a leading integrated manufacturer of solar photovoltaic products, has announced that it has entered into a long-term general supply agreement with Enel Green Power SpA, Italy's largest power company, listed on the Milan Stock Exchange. view more news....

China to build Venice-like city to attract tourists

China is contemplating building a tourist destination worth 60 billion yuan ($8.8 billion) on the lines of Venice, a city covering over 100 small islands inter-connected by lagoons. read more news..

HCL Infosystems to set up R&D unit at Technopark

HCL Infosystems will set up its first unit in Kerala at the Technopark campus in Thiruvananthapuram. read more news..

Mahindra fourth quarter net up 36.4 percent

Auto major Mahindra and Mahindra (M&M) Saturday reported a 36.4 percent rise in net profit at Rs.570.3 crore for the quarter ended March 31, compared to Rs.418.1 crore in the like period a year ago. read more news..

Kingfisher and Finnair voted among best carriers

Vijay Mallya-led Kingfisher Airlines has been voted the best Indian carrier and Finnair the best in north Europe in a global survey by an independent research agency -- often called the Oscars of airline industry. view more news..

Oriflame India to launch 30 new products every month

Swedish personal care company Oriflame plans to launch 25-30 products every month and engage 50,000 more people to tap the booming Indian cosmetics market, already a $5.4 billion industry growing at 12 percent per annum. read more news..

3G auction revenue to reduce fiscal deficit: FM

Revenue generated from the auction of third generation (3G) spectrum license would help the government in reducing the fiscal deficit, Union Finance Minister Pranab Mukherjee said in Bangalore late Saturday. view more news..

Supermicro starts integration service in Europe

Super Micro Computer, Inc. (http://www.supermicro.com/index.cfm) (Nasdaq: SMCI), the global leader in server technology innovation and green computing, has announced the formal opening of its Netherlands system integration logistics center to better service its European customers. Driven by strong demand from the company's entire EMEA customer base, Supermicro just doubled its logistics capacity last year. view full article..

Essar Group to buy 59.13% stake in AGC

Diversified business conglomerate Essar Group Sunday said it will acquire Avaya's 59.13 percent stake in converged communication solution provider AGC Networks for Rs.206.19 crore ($44.5 million). view more news..

Call for public-private alliance to ensure safe cities

The government should partner with private companies to set up an integrated security system at the local and national levels in view of rising threats from terrorists and left-wing extremists, says an industry lobby. read more news..

India, China should take care of each other's concerns

India and China need to develop models of economic cooperation which will take into account each other's concerns, President Pratibha Patil said in Shanghai on Monday. read more news..

First Indo-US Track II discourse to push collaborative ideas

A first of its kind Track II discourse will follow the June 3 inaugural India-US strategic dialogue to push forward ideas emerging from the government-to-government conversation, according to a leading Indian business body. read more news..

China takes Russian land on lease to grow crops

China has taken over 400,000 hectares of Russian land on lease near the international border, for agricultural purpose. read more news..

India grows by 8.6% in fourth quarter

The Indian economy grew by 8.6 percent during the quarter ended March 31 while the gross domestic product for entire 2009-10 rose at a rate of 7.4 percent, according to official data released Monday. read more news..

Task force asks for Rs.300 crore to help MSMEs

The PMO-appointed Task Force on Saturday recommended an equity infusion of Rs 300 crore into the National Small Industries Corporation (NSIC) for strengthening its marketing activities. read more news..

Industry urges to incentivise exporters

The Associated Chambers of Commerce and Industry (ASSOCHAM) Sunday urged the government to incentivise exports, while suggesting a two-pronged strategy to push the manufacturing and agricultural sectors to help the economy achieve double digit growth by 2014. checkout full article..

Mexico oil spill: US prepares for worst

The US government is preparing for a months-long disaster in the Gulf of Mexico after the latest attempt by oil giant BP to plug a gushing well were declared a failure. read more news..

Fate of illegal mobile towers to be decided today

The Delhi High Court is likely to decide Monday the fate of mobile towers in the capital, which are under threat of sealing by the Municipal Corporation of Delhi (MCD) for operating without licence. view more news..

Indian Basmati soon to enter Chinese markets

Here's good news for Indian Basmati exporters. India will soon be exporting its sweet-smelling rice to China, which has only recently given its nod for Indian basmati to enter its markets. read more news..

NSIC begins Marketing Intelligence Cell for MSMEs

Following the recommendation of the Task Force set up by the Prime Minister, Dr. Manmohan Singh, the National Small Industries Corporation (NSIC) has set the MSME - Marketing Intelligence Cell for the assistance of Micro, Small & Medium Enterprises (MSMEs). view more news..

Pakistan approves $7.8 bn development budget for Financial Year 2011

Pakistan's National Economic Council (NEC) Friday approved a development budget of Rs.663 billion ($7.8 billion) for fiscal 2010-11 beginning July 1. checkout full article..

India adds 16.9 million telecom users in April

India added 16.9 million mobile phone users in April taking the total number of telephone subscribers in the country to 638.05 million for the month, data from the Telecom Regulatory Authority of India (TRAI) showed. read more news..

Sun TV to invest Rs.100 crore in 2010-11

Media conglomerate Sun TV Network will invest around Rs.100 crore this fiscal to upgrade infrastructure and acquire content, a top company official said on Friday. read more news..

PM's climate change council clears National Water Mission

The Prime Minister’s Council on Climate Change Friday gave in principle approval to the National Water Mission and suggested that its basic approach should be to make water conservation a peoples’ movement in the country. read more news..

Krishna launches Passport Seva Project in Bangalore

External Affairs Minister S.M. Krishna on Friday formally launched the Passport Seva Project, an ambitious e-governance programme that aims to drastically reduce the time taken to obtain a passport. read more news..

HSBC expects 100 SMEs in factoring finance in Financial Year 11

The Hongkong and Shanghai Banking Corporation Limited (HSBC) is expecting to have additional 100 SME clients in their portfolio in factoring finance this fiscal (2010-11). read more news..

Obama surveys Gulf as BP's top-kill effort continues

President Barack Obama toured Louisiana's southern coastline Friday to survey what has become the worst-ever US oil disaster, as energy company BP's critical top-kill operation to cap the ruptured well in the Gulf of Mexico entered its third day. read full article..

Govt. announces amnesty for cos not filling returns

Companies which have not been filing statutory documents with the Registrar of Companies (ROC) in time will be spared from legal action if they file the necessary documents under an amnesty scheme, the corporate affairs ministry said Friday. checkout full article..

TRAI to release consultation paper on 4G in 10 days

The Telecom Regularity Authority of India (TRAI) will release within 10 days a consultation paper on the fourth generation (4G) technology and expects to make public the recommendations in the next few months, chairman J.S. Sarma said Friday. read more news..

SME plastic exporters seek government support for revival

Indian plastic exporters are seeking government support as the sector, which comprises largely small and medium enterprises (SMEs), has been facing numerous challenges including the Eurozone crisis, volatility of rupee, poor infrastructure and lengthy documentation process at lower levels. read more news..

Infrastructure sector growth 5.1% in April

India's infrastructure output expanded by 5.1 percent for the first month of this financial year as against 3.7 percent in April 2009 on account of growth in production of crude oil, petroleum refinery and finished steel, official data showed Friday. checkout full article..

US exports to UAE rose to $12 billion in 2009

Trade between the US and UAE remains robust despite economic recession, says a report. US exports to the UAE rose from $3.6 billion in 2002 to $12.1 billion in 2009, representing a 237-percent increase. read more news..

Conclusion of Doha Round will strengthen global economy

India has sought an early conclusion of the Doha Round of trade talks, saying this will strengthen the global economy which has just recovered from deep recession. read more news..

Neyveli eyeing Indonesia and South Africa coal mines

Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and South Africa. view full article..

Medical device industry needs a fillip: Study

The Indian medical device industry, which is characterized by over 60 percent imports, needs urgent attention from the government, according a study by the Federation of Indian Chambers of Commerce and Industry. read more news..

PMO-backed purchase plan from MSMEs hits roadblock

The PMO-backed plan for compulsory government procurement from micro, small and medium enterprises (MSMEs) hit a road-block with three ministries opposing the move, a top level source told a news agency. read more news..

Honda India plans to export 110000 units

Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) is planning to raise its exports to 110,000 units of motorcycles and scooters this fiscal over 80,000 units last year, a top company official said here Thursday. read more news..

Tata Motors posts Rs. 2240.08 crore net in 2009-10

India's top vehicle manufacturer Tata Motors on Thursday said its net profit rose to Rs.2,240.08 crore for the financial year ended March 2010 as compared to Rs.1,001.26 crore in the previous fiscal. checkout full article..

Supreme court to hear plea against sugar mills privatisation

The Supreme Court will hear Friday a petition challenging the Uttar Pradesh government's decision to privatise 11 operating sugar mills under the control of the Uttar Pradesh State Sugar Corporation Limited. The mills' disinvestment is slated for June 3. read more news..

Plastic exports to grow by 10% in FY 10-11: Council

Plastic exports from the country are expected to grow by 10 percent in the current fiscal on account of increasing per capita consumption of the material globally, the Plastics Export Promotion Council said on Thursday. read more news..

Obama extends drilling halt as top-kill stops oil leak

US President Barack Obama extended a moratorium on new deepwater offshore drilling Thursday as oil giant BP's critical top-kill operation had likely temporarily stopped an oil leak that has already created the worst oil spill in US history. read more news..

Facebook overhauls privacy settings

Social networking site Facebook introduced a new set of privacy controls Wednesday in an attempt to quell criticism that it was lax about protecting users' personal information. view more news..

Iraqi Airways to be closed after financial dispute

The state-owned Iraqi Airways Company will be closed after a financial dispute with the Kuwaiti government, media reports said Wednesday. read more news..

NAFED to market coconut products in India and abroad

India's largest farmers' cooperative will collaborate with the Coconut Development Board (CDB) to market select value-added coconut products inside the country and abroad under the NAFED brand. read more news..

Punjab starts online national permits for trucks

Punjab Wednesday became the first state in the country to launch online national permits for trucks and other heavy vehicles. read more news..

Kerala industry secretary in trouble, speaking for Coke

Kerala Industry Secretary T. Balakrishnan, who is of the rank of additional chief secretary, appears to be in trouble over his remark early this week seemingly favouring soft drink giant Coca Cola. read more news..

Food inflation may come down to 4-5% by November

Planning Commission Member Abhijit Sen Wednesday said food inflation is expected to decline to 4 to 5 percent by November from the current over 16 percent after the arrival of Kharif crops. read more news..

RatePoint introduces Facebook integration to help small businesses

RatePoint Inc., (www.RatePoint.com) a leading provider of customer reviews, testimonials and online reputation management services, has announced new small business social media tools for Facebook. The new features provide small businesses with a competitive advantage to collect and promote reviews to a bigger audience through a multi-solution platform. view more news..

Africa's growth to rebound in 2010: AEO

The 2010 edition of the African Economic Outlook (AEO) was launched recently at the Annual Meetings of the Boards of Governors of the African Development Bank Group. The entire report, including country notes and the full statistical annex, is available for free at www.africaneconomicoutlook.org. view more news..

HPCL Q4 net dips 85.16 percent

State-run Hindustan Petroleum Corp Ltd (HPCL) Wednesday said its net profit plummeted 85.16 percent to Rs.757.53 crore during January-March quarter from Rs 5,104.04 crore in the corresponding quarter a year ago. read more news..

Indian embassy in Beijing to get economic wing

In another sign of India's growing ties with China, the cabinet Wednesday approved a proposal for creating an economic wing to be headed by a minister (economic) in its embassy in Beijing. read more news..

Disinvestment norms for public sector eased

The Indian government Wednesday gave its nod to the appointment of merchant bankers and intermediaries to ensure smooth handling of disinvestment in state-run enterprises. read more news..

Despite challenges scientific research improves in South Africa

Since the end of apartheid in 1994, South Africa has increased both its research output and its scientific collaboration with other countries. read full article..

USADF funds new projects to raise incomes for people in Senegal

The United States African Development Foundation (USADF) has signed three grants to support economic development in Senegal. The grants will benefit Association for Training, Development, Education and Culture (AFDEC), Caisse d'pargne et de crdit de Mpal (CPEC MPAL), and GIE Kambeng Kaafo (Kambeng). read more news..

India lacks e-waste management infrastructure

India needs a proper e-waste management infrastructure to turn the country's growing heaps of hazardous electronic waste into an opportunity, said a senior official from the Ministry of Environment and Forests on Wednesday. checkout full article..

Land deals up by 550 percent in UAE

Land and real estate transactions in the United Arab Emirates (UAE) showed a whopping increase of 550 percent in April 2010 from the corresponding period last year. read more article..

FIEO for concessional credit for exporters

The Federation of Indian Export Organisations (FIEO) Wednesday demanded incentives for value addition in exports and regulated rates of export credit considering tough global market conditions and stagnant credit offtake. read more news..

Apple overtakes Microsoft as most valuable tech firm

Apple Wednesday overtook Microsoft as the world's most valuable technology company, thanks to the persistent run-up in Apple shares and the dwindling value of Microsoft stock. read more news..

Reach out to rural economy: Manmohan

Prime Minister Manmohan Singh Wednesday urged industry to reach out to the rural economy and contribute in the efforts aimed at skill development. read more news..

Air India stir off after Delhi High Court's gag order

The two-day wildcat strike by some 15,000 employees of Air India was called off Wednesday evening after a Delhi High Court restraining order, even as thousands of domestic and international travellers were left fuming after over 140 flights of the state-run carrier were cancelled or diverted at short notice. read more news..

World's mining sector is back to booming

The world's mining sector is back to booming, according to a report by PricewaterhouseCoopers (PwC) here Tuesday. The annual report, Mine: Back to the Boom, on the mining sector says the world's top 40 companies experienced major recovery in 2009 after big losses in 2008. read more news..

World Gold Council expects strong gold demand for 2010

The World Gold Council (WGC) expects that demand for gold will be strong during 2010, driven by growing demand for jewellery in China and India as well as an increase in European and US investment in the context of continued economic instability, sovereign risk and the threat of a 'double dip' recession. view more news..

HNL enters into license agreement with Hunter Laboratories

Health Network Laboratories (HNL) has entered into a license agreement with Hunter Laboratories to provide HunterHeart cardiovascular disease management program. HunterHeart offers physicians and patients sophisticated risk characterization and personalized therapy guidelines for cardiovascular disease. read more news..

Sahara ties up with Israeli co for solar technology

Sahara India Power Corp, a subsidiary of the Sahara India group, Tuesday said it has tied up with Israel-based Safesky Software to manufacture advanced solar power technologies. read more news..

10th biotech expo in Bangalore from June 2

The 10th edition of Bangalore India Bio 2010 will be held in this tech hub June 2-4 to showcase the country's resilient biotechnology sector and attract global investments to enhance capacity and create jobs. read more news..

Pharma industry urged to leverage social media

Speaking at a national pharmaceutical trade industry meeting last week Robert Cardarelli, chief methodologist, HCD Research, explained how the industry can leverage social media and marketing research to qualitatively understand the underlying emotions, behaviors, likes and dislikes associated with a particular brand, company or therapeutic category. read more news..

India, EU to speed up talks on trade pact

India and the European Union (EU) will fast-track the ongoing negotiations for a market opening trade and investment pact to reach an agreement within the next few months. read more news..

Strike-hit Air India cancels 76 flights

Over 76 Air India domestic and international flights were cancelled Wednesday when around 15,000 crew members and maintenance engineers of the airline went on a flash strike all over India Tuesday protesting a gag order and delay in the payment of salaries. read more news..

US oil rig inspectors take gifts from company

Federal officials responsible for inspecting and licensing offshore oil rigs in the Gulf of Mexico accepted lavish trips from offshore oil companies, according to an official federal report released Tuesday. read more news..

Survey work for POSCO starts amid protest

A socio-economic survey for a steel plant project by South Korean steel major POSCO in Orissa began Tuesday despite protests, an official said. view full article..

First ever Indian business delegation for Yemen

Indian and Yemeni businesses will discuss potential partnerships in energy, infrastructure and IT when a first-ever business delegation visits the Arab country May 28-30. read more news..

Target marketing - a strategy for business success

The main aim of any organization is success. In other words, what they really look for is to increase their profits by way of satisfying the needs of the customers providing them with goods and services that is up to their expectations. If the customers think that the goods and services are up to what they believe is value for money, then this will not only increase the existing customers but also the new customers as well. Increasing the customers means, on the other hand increasing sales which will eventually pave way to increase the profits. read more news..

Give what your customers want

With today's cut-throat scenario where competitors are fighting tooth and nail for space in the market, trying to compete just on price can be a quick road to ruining one's business. Contrary to the common perception, customers will not always decide on a product because it is priced low. So it is of utmost necessity that a company stop trying to compete on the basis of price alone. Buyers see price as only one component of the bigger picture of value that includes customer service, information on the products and follow-up they receive from the supplier. read full article..

India to boost exports to Africa

Amid fragile global economic recovery and persistent financial woes in Europe, India is looking for taking a plunge into the relatively less-explored countries of Africa. checkout full article..

Facebook admits privacy errors, plans new settings

Social networking giant Facebook admitted Monday that it had made mistakes in its privacy policies and promised to roll out new tools that would make it easier for its 400 million users to control their personal data. read full article..

Tony Blair joins billionaire Vinod Khosla's firm as adviser

Former British Premier Tony Blair has joined Indian American Silicon Valley billionaire Vinod Khosla's US-based company that specialises in promoting environment-friendly technology as an adviser, adding another contract to his list of lucrative deals after he resigned from office in 2007. view more news..

Gopalpur port project on track despite Noble's pullout

The Rs.2,500-crore Gopalpur port project in Orissa is on track despite the Hong Kong-based Noble group's decision to pull out from the project, government and port officials said Monday. read more news..

BOC to raise Rs.780 cr in 2011

BOC India Ltd would raise Rs.780 crore (denominated in euros) in 2011 through external commercial borrowing to execute its projects of Steel Authority of India and Tata Steel Ltd, a top company official said in Kolkata on Monday. read more news..

Oriental Insurance launches health policy for PNB customers

Oriental Insurance Monday launched a unique health insurance scheme for account holders of the Punjab National Bank (PNB). read more news..

Etisalat confident of offering 3G services in India

Telecom operator Etisalat DB, which withdrew from 3G auction in India after bidding surpassed the $2 billion-mark, is confident of offering the services in future, reports Abu Dhabi-based English daily, The National. read more news..

Advance tax collection buoyant: Revenue Secretary

Revenue Secretary Sunil Mitra said Monday the advance tax collection is buoyant at present owing to a revival in the manufacturing sector. read more news..

Pakistan's GDP to grow 4.5 percent in 2010-11: Report

Pakistan's economy is set to grow at 4.5 percent in fiscal 2010-11 beginning July 1 against the 4.1 percent during the current fiscal, a media report said Tuesday. view more news..

Yahoo and Nokia announce mobile web pact

Yahoo and Nokia announced a wide-ranging pact on mobile web services Monday as they seek to make up ground on rivals like Google and Apple. read more news..

Aiming to make India a telecom mfg. hub: Raja

Communications Minister A. Raja Monday said his ministry is aiming to make India a telecom manufacturing hub by facilitating various policies. view more news..

EXIM India to open office in Ethiopia next month

In a bid to support Indian companies' growing investments in East Africa, the Export and Import (EXIM) Bank of India will open an office in Ethiopia next month, officials said. read more news..

Gems & jewellery exports jump 95% in April

Exports of gems and jewellery from India, the world's largest supplier, almost doubled to $ 2.56 billion in April over the year ago period, driven by rising demand in the US and UAE markets. read more news..

Four Spanish banks announce merger

Four Spanish savings banks announced Monday they would merge a part of their operations to form the country's fifth largest lender, amid concern over the solidity of the country's savings banks. read more news..

Pan-India BWA licence price up at Rs.2,353 crore

India Monday concluded five rounds of an auction of airwaves for broadband wireless access (BWA) services, with the provisional winning price for a nation-wide licence reaching Rs.2,353.18 crore. read more news..

Auction for broadband wireless spectrum begins

The Indian government expects a revenue of Rs.15,000 crore ($3.2 billion) from the auction of airwaves for broadband wireless access (BWA) services which kicked off Monday, Communications minister A. Raja said. view more news..

Infosys to set up two more centres in Bangalore

The Karnataka government late Monday cleared the proposals of IT bellwether Infosys Technologies Ltd to set up two more software development centres in this tech hub at an investment of Rs.2,950 crore (Rs.29.5 billion). read more news..

Industry endorses PM's inclusive growth agenda

India Inc Monday lauded Prime Minister Manmohan Singh's strategy for inclusive growth and to rein in inflation. read more news..

Germany is UAE's 5th largest trade partner

Germany is the UAE's 5th largest trade partner with non-oil trade reaching $8.4 billion in 2009, a 36.5 percent increase compared to $6.1 billion in 2006. Germany's share in the UAE's total non-oil trade was 4.7 percent in 2009. view more news..

Industry will maintain double digit growth in Financial Year 2011

India's industrial production will register double-digit growth in the 2010-11 financial year, according to the government. read more news..

British government sets out deficit-tackling savings plan

The British government is to cut some 6.2 billion pounds ($9 billion) from its budget this year, in an effort to tackle its national deficit, British Chancellor of the Exchequer George Osborne announced Monday. read full article..

Reliance groups stocks up after brothers call truce

The stock markets Monday gave the thumbs up to the truce between the Ambani brothers with traders vying for scrips of the two Reliance groups on hopes that their businesses would grow. read full article..

Angolan chemicals market set for robust expansion

The Angolan chemicals market is set for robust expansion. The specialty chemicals segment exhibits the strongest resilience to the prevailing market conditions in the short-term. In the medium- and long- terms, the sector is poised to witness high growth. read full article..

Negotiations on India-ASEAN services FTA in June

India and the 10-nation trading bloc Association of Southeast Asian Nations (ASEAN) will meet next month to speed up the ongoing talks for opening trade in services, an area of immense interest for Indian professionals. read more news..

Innovate!2010 features global upcoming technology startups

Innovate!2010 is a global program produced by Guidewire Group, the world's leading analyst firm focused exclusively on startups and emerging markets, to identify and promote 100 of the most promising technology startups. As part of the international program, Guidewire Group is hosting regional 'Pitch Slam' events on May 28 in Milan and June 1 in Stockholm. read more news..

ICICI Bank board approves swap deal for Bank of Rajasthan

In a bid to consolidate its position as India's largest private lender, the board of ICICI Bank Sunday approved the merger of the Bank of Rajasthan with itself in a swap deal valued at Rs.3,000 crore ($650 million) without any cash outgo. view more news..

Spicejet is five years old, expects higher growth

Low-cost airline SpiceJet has completed five years of operations, and is expecting higher growth in the coming years. view more news..

Punjab may have venture with New Zealand's dairy giant

Milkfed, a leading milk cooperative society in Punjab, is contemplating signing a joint venture with Fonterra, New Zealand's dairy giant, an official said Sunday. read more news..

Bangladesh preparing to import Indian power

Bangladesh will allocate Taka 17 billion ($245 million) in its annual budget next month for constructing the infrastructure necessary to import 500 MW of electricity from India, an official said. view more news..

Steel output likely to double by 2011-12

India's steel production will double in the next two years even if Posco and ArcelorMittal projects, which have been stuck for over five years now, do not take off, Steel Minister Virbhadra Singh said on Sunday. read full article..

Made in the USA foundation announces its 2010 award winners

The Made in the USA Foundation is pleased to announce the inaugural recipients of its Hall of Fame Awards. Awards are presented to companies whose ongoing commitment to manufacturing goods in the United States reflects their support of creating local jobs and upholding fair trade standards throughout the world. view more news..

PM sees 8.5% growth this fiscal, targets 5% inflation

Putting inclusive growth and taming price rise on top of United Progressive Alliance's (UPA) agenda, Prime Minister Manmohan Singh on Monday predicted a 8.5 percent growth for this fiscal, while setting a medium-term target of 10 percent annual economic expansion for India with moderate inflation. view more news..

Cell Therapeutics announces institutional investors purchase

Cell Therapeutics, Inc. (Nasdaq and MTA:CTIC) (the "Company") today announced that it has entered into an agreement to sell $21.0 million of shares of its Series 5 Preferred Stock in a registered offering to three institutional investors (collectively, the "Initial Purchasers"). view more news..

New internet namespace on the horizon

UrbanBrain Inc., a registry back-end service provider, announced today that it plans to offer individual Internet users, hobbyists, and business owners the opportunity to extend their reach out into the world by securing a URL under .SITE, an easily identifiable Internet extension (Generic Top-Level Domain or "gTLD" (1)). view more news..

South Korea announces trade restrictions on North Korea

South Korea warned Monday that it was ready to use military force in case of further "provocations" and announced far-reaching trade restrictions after finding that North Korea sunk one of its warships in March. read more news..

Marriott aims to double China portfolio over 5 years

Marriott International (NYSE: MAR) has signed management agreements for seven additional hotels in China and aims to double its presence in the country in about five years. read more news..

Computer sales up 33 percent in Q1

India's personal computer sales touched 2.2 million in the first quarter of this year, registering a growth of an impressive 33 percent, says IDC, a leading technology consultancy and think tank. read more news..

NE states seek industrial growth package

Industry ministers of northeastern states have sought a time-bound package from the central government for development in the region, Tripura Industries Minister Jitendra Chowdhury said Sunday. view more news..

Taiwan protests its exports labelled 'Made in Taiwan, China'

Taiwan was to persuade China to drop its demand that all Taiwanese goods exported to China must be marked "Made in Taiwan Province of China," it was reported on Sunday. view more news..

UAE, Kazakhstan to sign customs pact

The United Arab Emirates (UAE) and Kazakhstan will sign a customs agreement that is expected to help stop illegal trade practices and protect economic, social and cultural interests of the two countries. read more news..

Ambani brothers enter new pact to bury differences

Burying their differences, the respective Reliance groups led by brothers Mukesh and Anil Ambani Sunday said they have entered into a new and simpler non-compete pact that will help resolve the Krishna-Godavari gas dispute. read full article..

Global telecom meet in Hyderabad from today

Over 700 delegates from across the globe will converge in Hyderabad for the fifth Telecom Development Conference May 24-June 4 to set the agenda for pushing the advancement of information and communications technology sector for the next four years. view more news..

Dhaka to enact law to make jute use compulsory

Bangladesh is set to enact a law to make use of jute compulsory in packaging certain commodities, taking a cue from a 1987 law enacted by India -- also a major producer of the commodity -- to raise domestic demand. view more news..

Textiles exports may touch $24 billion in 2010-11

With the revival of demand in Western markets, India's textile exports may grow up to $24 billion in 2010-11 from an estimated $20 billion in the previous fiscal, industry and government officials have said in New Delhi. read more news..

US mulling to ease export control policies

The U.S. commerce chief Friday said that the United States would complete its review of the exports control system this summer in a bid to boost its exports to emerging markets. view more news..

EU to tighten rules to calm down debt crisis

European Union finance ministers on Friday pledged for tougher sanctions against EU budget rule breakers, a move to contain the debt crisis in the eurozone and calm down financial markets. read full article..

India to establish trade centre in Trinidad

A permanent India Trade Centre will be set up in Trinidad and Tobago, a country where 44 percent of the population is of Indian origin. view full article..

Sensex tanks over 500 points in the week

Benchmark indices for Indian equities lost more than 3 percent this week on negative sentiment due to concerns that the European debt crisis could derail world economic recovery and foreign fund outflows. view more news..

Bangladesh inks N-power deal with Russia

Bangladesh has signed a framework agreement for Russian cooperation for the country’s maiden nuclear plant that it hopes will be installed by 2017 and generate 2,000 MGW power by 2020. view more news..

India pavilion at Shanghai expo gets huge footfall

The India pavilion has become one of the hottest spots at the Shanghai World Expo with average 25,000 visitors every day thronging the stalls of Indian handicrafts and cuisine and jiving on Bollywood songs and dance. view more news..

Gas price hiked to suit Reliance Industries

The Communist Party of India-Marxist (CPI-M) Friday denounced the government's decision to hike the price of gas produced by public sector units from $1.8 per unit to $4.2 per unit, saying it has been done to suit Reliance Industries. view full article..

Punjb criticises fertilizer price hike

Punjab Chief Minister Parkash Singh Badal Friday slammed the central government for the recent hike in fertilizer prices, saying this would burden the farmers. view more news..

Britain wants to be positive player in Europe

British Prime Minister David Cameron said in Berlin on Friday that Britain wanted to be a "positive player" in Europe, after inaugural talks with German Chancellor Angela Merkel in Berlin. view more news..

Auction for broadband wireless services to begin Monday

The auction of airwaves for broadband wireless access (BWA) services, which was scheduled to start on Saturday, will now begin on Monday, an official from the Department of Telecommunications (DoT) said in New Delhi on Friday. view more news..

Government lifts ban on cotton exports

The government Friday lifted ban on exports of almost all varieties of raw cotton and cotton waste, but henceforth, exporters will have to apply for a license. read more news..

Premji says European crisis will not affect India

Wipro chief Azim Premji said on Friday that the Euro zone debt crisis will have a minimal impact on India. view more news..

150 killed in Air India crash in Mangalore

About 150 people were killed when an Air India Express flying from Dubai overshot the runway after landing at the Mangalore airport near here early Saturday amid a drizzle and caught fire as it crashed into a forested gorge, authorities said. view more news..

Attacks on Indians will not affect trade: Australian official

The attacks on Indian students will not affect India-Australia trade, a senior official said in Kolkata on Friday. view more news..

AirAsia launches flight to Bangalore

Malaysian low-cost carrier AirAsia launched its inaugural flight to India's Bangalore city, carrying 15 children with congenital heart disease who need open heart surgery. view more news..

RBI urges banks to extend help to MSMEs

The Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty Friday said that there is a need for greater participation by banks to help the country's micro, small and medium enterprise (MSME) sector both with credit and non-credit services. view more news..

Abbott to become No. 1 pharmaceutical company in India

Abbott (NYSE: ABT) announced a definitive agreement with Piramal Healthcare Limited to acquire full ownership of Piramal's Healthcare Solutions business (Domestic Formulations), a leader in the Indian branded generics market.. read more news..

China's power production to cross 900 million kw in 2010

China's power generation capacity will surpass 900 million kw by the end of 2010, an official said Friday. view more news..

Government asks 3G auction winners to pay by May 31

The Indian government Friday approved the results of the auction of spectrum for third generation (3G) telecom services and asked the winning firms to make payments by May 31. view more news..

No more power cuts in MP's tourist spots

Madhya Pradesh's famous tourist destinations like Sanchi, Khajuraho, Pachmarhi and Mandu will not have any power cuts now, it was announced on Friday. view more news..

Hinduja acquires Belgian private bank for Euro 1.35 billion

Diversified international conglomerate Hinduja group will buy Luxembourg-based banking and insurance company KBC's private banking arm for Euro 1.35 billion ($1.69 billion), both parties informed in a statement Friday. view more news..

Standard Chartered to fully control erstwhile UTI Securities

Britain-based global bank Standard Chartered Plc is planning to take total control of the erstwhile UTI Securities by acquiring another 25.1 percent stake by the third quarter of 2010, a top official said in Kolkata on Thursday. read more news..

Indian road show woos Canadian tourists

India Thursday made a strong pitch to woo tourists from Canada, with Tourism Secretary Sujit Banerjee and Pacific Asia Travel Association (PATA) delegates luring visitors with presentations on the country's exotic sites. read more news..

Air Canada voted Best in North America

After almost surviving bankruptcy in 2008 and then making a strong comeback last year, Air Canada was voted as the best airline in North America in a worldwide survey released Thursday. read more news..

GSM operators add 11.18 million users in April

India's GSM operators, excluding Reliance Communications, added 11.18 million mobile users in April, expanding the subscriber base to 433 million, data provided by cellular operators association of India (COAI) showed. read more news..

Over 420,200 people visits UAE pavilion at Shanghai Expo

More than 420,200 people from China and abroad visited the UAE pavilion at the Shanghai Expo 2010 since the event kicked off in Shanghai three weeks ago, the organisers said. view more news..

Sanjay Jha to deliver keynote presentation in New York

A keynote presentation by Motorola, Inc. (NYSE: MOT) Co-CEO, and CEO of Mobile Devices and Home, Sanjay Jha is scheduled to take place at approximately 9 a.m., Eastern Time, U.S.A. on Thursday, May 27, at the Barclays Capital Global Communications, Media & Technology Conference in New York. view more news..

Exchange rate policy needs a re-look: Chief statistician

India's chief statistician Pronob Sen Thursday said that India needs to re-examine its current exchange rate policy keeping in view the changing economic scenario. view more news..

Auto, taxi drivers protest gas price hike

Autorickshaw and taxi drivers Thursday collectively voiced their angst against the expected increase in the price of compressed natural gas (CNG) by 20 percent. view full article..

Abbott to buy Piramal's branded drugs business for $3.71 billion

Illinois-based pharmaceuticals major Abbott Friday said it is acquiring Piramal Healthcare's formulations business for $3.72 billion, to make the combined entity one of the largest players in the country's generic drugs market. view full article..

Gujarat's 2010-11 annual plan fixed at Rs.30,000 crore

The Planning Commission has finalized the annual plan of Gujarat for the year 2010-11 at Rs.30,000 crore, a increase of Rs.6,500 crore over the previous year. view more news..

Manufacturing sector lacks support, fails quality: Study

Reeling under lack of funds and inadequate infrastructure, around one fifth of Indian manufacturing firms fail to produce quality products, reveals a study released Thursday by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). view more news..

US businesses spent $296.3 billion on ICT

US businesses spent $296.3 billion on information and communication technology (ICT) equipment and computer software in 2008, an increase of 11.0 percent from 2007, according to the U.S. Census Bureau. This followed a 5.5 percent increase from 2006 to 2007. view full article..

Google, DISH Network Collaborate to launch Google TV

Google and DISH Network L.L.C., America's fastest-growing pay-TV provider, today unveiled the launch of Google TV, an open platform that seamlessly integrates multichannel television with rich web media content. This technology brings the full power of the Internet to the television viewing experience. view more news..

BSNL, MTNL say not seeking concessions on 3G payment

State-run telecom firms Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) Thursday said they have not sought any concessions from the government on payments they have to make for third generation (3G) spectrum. view more news..

Italy plans officials' pay cut up to 15 percent

The Italian government may cut the salaries of public servants by 10 percent and politicians by 15 percent, in a bid to reduce the country's deficit. view full article..

Lifting ban on cotton exports will be disastrous: TEA

A textile industry body has cautioned the government that lifting ban on cotton exports from the country at this moment will have "disastrous" consequences for the Indian textile sector. view more news..

IFC ties up with HeidelbergCement AG to improve energy efficiency

IFC, a member of the World Bank Group, has signed an agreement with HeidelbergCement AG to make an equity investment of up to $110 million to improve energy efficiency and increase capacity of the company's operations in Sub-Saharan Africa. In addition, other financial partners are expected to inject up to $ 70 million. checkout full article..

India seeks more private funds in scientific R&D

India wants private sector to play an active role and invest more in scientific research and development, Minister of State for Science and Technology Prithviraj Chavan said Thursday. view more news..

ER&D export revenue growth 700% in 5 years

India's export revenue from engineering research and development (ER&D) services grew by a whopping 700 percent in five consecutive years from 2004, said the National Association of Software and Services Companies (NASSCOM) president Som Mittal on Thursday. checkout full article..

US Senate passes financial overhaul bill

In a major victory, the US Senate has passed a sweeping financial regulatory bill, marking a milestone of the nation's biggest overhaul of financial regulations since the 1930s. read more news..

RBI keeping close eye on Europe's debt crisis

Reserve Bank of India Governor D. Subbarao said Thursday the European debt crisis is not expected to impact big on India, yet the central Indian bank is keeping a watch. checkout full article..

Canada in quest of support against global bank tax

Before G8 and G20 summits in Toronto next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has mounted an international effort to scuttle the idea. To get the US, India, China and other economies on their side and scuttle the idea, three Canadian ministers have reached Washington, Mumbai and Shanghai. checkout full article..

Power rates to go up by Re.1 per unit

Power tariffs will rise by Re.1 per unit after the government decision to hike prices of natural gas, Power Minister Sushil Kumar Shinde said in New Delhi on Thursday. view more news..

No sealing of Delhi's illegal mobile phone towers till Monday

Delhi High Court on Wednesday stayed the sealing of illegal mobile phone towers by the Municipal Corporation of Delhi (MCD) till Monday. view more news..

Samsung seeks 30% share in laser printer market

"The laser printer market this year is expected to be 950,000 units up from around 850,000 units last year. Last year we stabilised our laser printer business and in 2010 our plan is to increase our market share to 30 percent," Ranjit Yadav, director, mobile and IT business, told reporters in Chennai. read full article..

All telecom stocks in green a day after 3G auction

Indian stock markets Thursday reacted positively to telecom companies winning precious airwaves for third generation (3G) phone services, with all their scrips trading in the green a day after the conclusion of auctions. view more news..

Delhi airport's new terminal promises faster check-ins

Come July, passengers flying out of the upcoming terminal at the Indira Gandhi International Airport won't have to encounter serpentine queues at the check-in counters, thanks to a new system that also promises huge savings for airlines. view more news..

Hyundai plans $550 million new engine unit in India

Hyundai Motor plans a $550 million diesel engine plant in India with locally-sourced components to give customers a wider choice and consolidate its position as the country's largest exporter of passenger cars, top officials said. view more news..

Food inflation rises marginally to 16.49 percent

Annual food inflation edged up for the second straight week, rising to 16.49 percent for the week ended May 8, official data released Thursday showed. read more news..

NACR earns partner honors at Catalyst Telecom Conference

Seven-time Avaya BusinessPartner of the Year and communication solution expert NACR (North American Communications Resource, Inc.) has again received recognition in the industry, winning two major sales awards at the Catalyst Telecom North America Partner Conference held May 11-13, 2010, in Myrtle Beach, SC. view more news..

Broadcom accelerates WebM video on mobile phones

Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, has announced that its VideoCore mobile multimedia processor family now supports the recently open-sourced WebM video format. view more news..

Abbott Honored as a great place to work across Europe

The Great Place to Work Institute today named Abbott (NYSE: ABT) one of the Best Workplaces in Europe at its European Conference in Madrid. The company was specifically honored for workplace leadership in Denmark, Ireland and Norway. view more news..

UK will avoid Greek crisis: Robin Bew

The UK is not set to mimic events in Greece as the new government prepares an emergency budget for June, says Robin Bew at the Economist Intelligence Unit in his monthly Global Forecast programme. view full article..

Broadband airwaves auction from Saturday

India will start Saturday the auction of airwaves for broadband services in the country, after it concluded a similar exercise to enable private players start third generation (3G) telecom services. view more news..

Global launch of Australia Unlimited at Shanghai World Expo

Australia's Trade Minister Simon Crean has led the international launch of the new Brand Australia in the Australia Pavilion at the Shanghai World Expo. view more news..

Auto cos support Pedestrian Safety Enhancement Act

US Auto makers have announced their support of legislation aimed at maintaining the mobility and independence of the blind around ever-quieter autos, by requiring a vehicle sound to assist the blind in detecting nearby hybrid or electric autos. view more news..

Himachal clears six industrial projects

Himachal Pradesh Wednesday cleared six industrial proposals inviting an investment of Rs.650.49 crore, an official said here. view more news..

24 FDI proposals worth Rs.1,412 crore approved

The government Wednesday cleared 24 foreign investment proposals, including those of media company Asianet and broadcasting firm Tata Sky, worth Rs.1,412 crore. view more news..

CNG prices to rise 20 percent; PNG unaffected

The price of compressed natural gas (CNG) is expected to rise by 20 percent but that of piped natural gas (PNG) will be unaffected with the cabinet doubling the rate at which natural gas is marketed by two state-owned exploration majors, it was announced on Wednesday. view more news..

Pak IT industry seeks partners in India

Pakistan's nascent information technology (IT) sector is taking a different route from the bigger Indian counterpart but is still looking for help in making a leap forward. view more news..

Dubai hotel industry to boom in 2010: Experts

With increasing number of hotels, Dubai's hospitality sector is witnessing a rapid surge after facing the impact of global recession last year, say industry experts. view more news..

3G airwaves auction concludes, to fetch Rs 67718.95 crore

After 34 days and 183 rounds of intense bidding, India Wednesday concluded its auction of airwaves for private players to start third generation (3G) telecom services in the country, with the exchequer set to gain Rs 67718.95 crores ($15.5 billion). view more news..

India, Vietnam to boost bilateral trade

India and Vietnam will establish a joint committee to strengthen bilateral cooperation in trade, investment, and agricultural production. view full article..

Industry calls for 5-point road map to boost Indo-Pak trade

Delivering a 5-point road map to boost Indo-Pak trade, industry leaders from both sides of the border on Wednesday urged the governments of the two nations to take all steps to boost bilateral trade. view more news..

India will meet $200 export target for FY11: FIEO

The Federation of Indian Export Organisations (FIEO) has said that the first month export figures of the current fiscal is a clear indication that the country would be able to meet the export target of USD 200 billion set for 2010-11. view more news..

Govt. mulling tougher measures on iron ore exports

The government is likely to bring in new measures beyond duty hike on iron ore exports including imposing taxes and quotas on exports to ensure availability of the raw material for the domestic steel industry, Minister of Steel, Virbhadra Singh said on Wednesday. view more news..

Direct Taxes Code likely in next parliament session: FM

Finance Minister Pranab Mukherjee has said that the government intends to introduce the Direct Taxes Code in the forthcoming Monsoon Session of the Parliament. view more news..

Eurozone crisis - exports likely to see a slump

With the euro trading near 4-year lows recently amid warnings from European leaders that their $1 trillion loan backstop for troubled governments would not be enough to defuse the continent's crisis, it may spell trouble for Indian exporters to Europe. read full article..

Raise FDI cap in defence manufacturing to 74%

In what reads more like an indictment of the Indian defence establishment, a government working paper Monday suggested the foreign investment cap in the military manufacturing sector be raised to 74 percent from the present 26 percent to attract established players to the area, save tremendous foreign exchange and revive the country's industry at large. view more news..

China asks India not to discriminate against its companies

China Monday asked India not to discriminate against Chinese companies and ensure a fair and transparent investment environment to all. view more news..

SAIL and POSCO mulling joint venture

The Steel Authority of India Limited (SAIL) and South Korean steel major POSCO are having talks on forming a joint venture plant in Jharkhand or Maharashtra and a working group of the two companies is finalising the details, SAIL chairman S.K. Roongta said Monday. view full article..

KITA suggests tips for Indian cos. to do business with Korea

Wang-Gyu Yee, Executive Managing Director of Overseas Marketing Headquarters of the Korea International Trade Association (KITA), in an exclusive interview to SME Times, suggests tips for the Indian companies who are looking to do business with Korea for buying & selling of goods. view full interview..

Increase duty on iron ore exports to 20%: ASSOCHAM

The Associated Chambers of Commerce and Industry (ASSOCHAM) on Monday urged the government to increase export duty on iron ore fines to 20 percent from present 5 percent to curb exports of the raw material and discourage "unprecedented" increase in illegal mining. view more news..

Volcanic ash cloud grounds 1,000 flights in Europe

An ash cloud from an Icelandic volcano Monday grounded some 1,000 flights in Europe and forced the temporary closure of several main airports in Britain and the Netherlands. view more news..

Revenue from 3G auction crosses Rs.65,000 crore mark

The Indian government's provisional revenue from the sale of third-generation (3G) airwaves Monday crossed the Rs.65,000 crore ($14.2 billion) mark and nationwide licence price reached over Rs.16,000 crore ($3.5 billion) at the end of 176 rounds of an auction to award the spectrum for telecom services. view more news..

RIL and Russia's SIBUR to set up rubber venture

Reliance Industries Ltd (RIL) and Russian petrochemical company SIBUR will set up a joint venture to produce butyl (synthetic) rubber at RIL's Jamnagar site to meet the growing demand from the auto industry. view more news..

Dropshipping, import & export and global sourcing

Dropshipping is accepted by the society as a profession and gateway of sorts to import and export if not global sourcing and it is getting feverishly popular by the years. Dropshipping is safer than import/export and instant than affiliate marketing. Be warned, pitfalls in dropshipping, unlike in import/export or global sourcing, are terrible that your business can crash quickly. view more news..

Google hangs up on Nexus One store

Google is shutting down the online store it launched with much fanfare in January to sell the Nexus One smartphone, the technology giant said Friday. view more news..

TIS amongst world's top 20 training outsourcing companies

Tata Interactive Systems, a strategic training partner in organizational initiatives of global leaders, was recently selected amongst the Top 20 Training Outsourcing Companies of 2010 in an evaluation conducted by TrainingIndustry.com. checkout full article..

Indian SMEs lack ICT strategies: NASSCOM

Indian small and medium-sized enterprises (SMEs) lack proper strategies to remove the impediments which constrain them to adopt Information Communication Technologies (ICT), the National Association of Software and Services Companies NASSCOM President Som Mittal told SME Times recently. view more news..

Planning Commission sets growth targets for 2010-11

Planning Commission has set growth targets for 2010-11 in the Infrastructure sector including power, roads, railways, ports and airports. view more news..

Tektronix Communications unveils Iris Performance Intelligence solution

Tektronix Communications, a leading worldwide provider of Network Intelligence and communications test solutions has unveiled its Iris Performance Intelligence (IPI) solution. view more news..

Telcordia launches telecom service planning tool

Telcordia, a global leader in the development of mobile, broadband and enterprise software and services, has announced the Telcordia Total Perspective Planning solution, which helps communications service providers (CSPs) align business and network planning to improve network return-on-investment at each and every decision point across the enterprise. view more news..

Hyundai to launch one new car model in India every year

Heartened by a maturing Indian automobile market, Hyundai Motor has decided to launch at least one new model in the country every year even as moves are afoot to expand the rural marketing network and localise more components. view more news..

Indian winemakers to compete with West at London Wine Fair

Eight Indian winemakers will compete with international brewers at the three-day London Wine Fair beginning Tuesday. view more news..

NALCO Q4 profit up 371 percent at Rs.391 crore

State-owned National Aluminium Company Limited (NALCO) Saturday announced a 371 percent rise in net profit at Rs.391.48 crore for the fourth quarter of 2009-10 ended March 31. view more news..

Indian wheat expensive, says Dhaka

Bangladesh will not buy Indian wheat as it finds its price higher than the international market, a senior official has said. view more news..

Himachal starts crop insurance scheme

The Himachal Pradesh government has launched a crop insurance scheme in the state to protect crops from adverse climatic conditions, an official statement said on Sunday. view more news..

UAE, Korea join to explore cooperation in SME ventures

The United Arab Emirates (UAE) and South Korea have agreed to form a joint committee to explore cooperation in small and medium ventures, technology and healthcare. view more news..

Continue stimulus for MSME sector for FY'11

The Indian industry feels that the government should continue the stimulus packages offered to it, at least for the micro, small and medium enterprise (MSME) sector in the country, reveal the findings of a survey conducted by an industry body among a group of CEOs. view more news..

All new Ford Fiesta delivers 40 MPG, tops class in fuel economy

Ford's all-new 2011 Fiesta - an Internet star even before it goes on sale this summer - will now stand out on the highway with an Environmental Protection Agency (EPA) certified 40 mpg rating, making it the most fuel efficient car in its class. view more news..

BSNL to provide 3G telecom services at affordable prices

State-run Bharat Sanchar Nigam Ltd (BSNL) will provide third generation (3G) telecom services at affordable rates and bridge the rural-urban digital divide, company chairman and managing director Kuldeep Goyal said. view more news..

Ratan Tata honoured with Global Indian award in Canada

Tata Group chairman Ratan Tata was honoured with the Chanchlani Global Indian Award by the Canada India Foundation at the third annual gala in Vancouver on Saturday. view more news..

AT&T to focus on applications, solutions for workplaces of all sizes

AT&T has said it is creating a new group within its Business Solutions unit to accelerate the delivery of advanced mobile applications and solutions for traditional and emerging devices to businesses, governments and organizations of all sizes globally. view more news..

UAE's non-oil trade increases to AED 63 bn; India top trade partner

India has become the largest trade partner of United Arab Emirates which recorded non-oil foreign trade worth AED 63 billion (about $17 billion) last year. view more news..

British airports close after volcanic ash spreads

Over 200 flights were cancelled and many British airports had to be closed on Sunday as volcanic ash from Iceland drifted across Europe, even as forecasts said airports in the capital city would be severely affected by on Tuesday. view more news..

Air India carries more passengers in April, May 2010

National carrier Air India notched a 19.7 percent increase in passenger traffic last month and a similar trend continued during the first half of May as compared to the like period last year, an official said in Mumbai on Sunday. read more news..

Indian industry jittery on rising costs

Business confidence of India Inc. is up pushed by rising demand but high input costs and fear about a possible interest rate hike by banks are still a big worry for the the industry, according to a new survey by the industry body Federation of Indian Chambers of Commerce and Industry. view more news..

Economic crisis threatens Europe's progress

The Europe and Central Asia region has achieved striking success in fighting poverty and food insecurity over the last ten years, with agriculture playing a key role, FAO Director-General Jacques Diouf said in his speech to the 27th FAO Regional Conference for Europe in Yerevan, Armenia. view more news..

India pitches for South-South cooperation at G15

As leaders of 17 nations from Asia, Africa and Latin America gather in Iranian capital for the G-15 Summit, India is hoping the South-South cooperation will help address concerns and issues of relevance to the developing countries. view more news..

500-euro notes withdrawn in Britain

British bank wholesalers have withdrawn notes of 500 euros ($424) denomination from domestic sale because they are almost exclusively used for organised crime, police said Thursday. view more news..

Emirates Group posts 248 percent increase in profits

The Emirates Group's net profits increased 248 percent to 4.2 billion UAE dirhams ($1.1 billion) during the financial year 2009-10. view more news..

UAE, Kazakhstan seek energy cooperation

Kazakhstan and the United Arab Emirates (UAE) will form a committee to explore ways to boost bilateral cooperation, mainly in the energy sector. view more news..

Food inflation rises after two weeks of decline

Annual food inflation rose to 16.44 percent for the week ended May 1, reversing two consecutive weeks of decline, official data released Thursday showed. view more news..

Shristi Infra to invest Rs.2,000 crore in three states

Shristi Infrastructure Development Corporation said Wednesday it would invest Rs.2,000 crore over the next three years in seven smaller cities in three states. view more news..