India Business News

Government taking corrective steps, says PM

by sulekha news on May 22 2013 10:46PM IST

New Delhi, May 22 (IANS) Attempting to dispel the public perception about lack of governance and charges of policy paralysis, Prime Minister Manmohan Singh Wednesday said his government is taking corrective steps to set things right.

With Sonia backing, PM vows to build better India (Roundup)

by sulekha news on May 22 2013 10:45PM IST

New Delhi, May 22 (IANS) Marking nine years of the UPA government, Prime Minister Manmohan Singh Wednesday promised to build "an economically resurgent and socially just India" and unveil a transparent regime to do away with corruption.

Sonia appeals to opposition to help pass key bills

by sulekha news on May 22 2013 10:05PM IST

New Delhi, May 22 (IANS) Congress president Sonia Gandhi Wednesday appealed to the opposition parties, including the BJP, to cooperate with the UPA government in passing the food security and land acquisition bills in the interest of the people.

Nine years of UPA saw average 8 percent growth: PM

by sulekha news on May 22 2013 9:45PM IST

New Delhi, May 22 (IANS) Detailing economic growth during the UPA regime, Prime Minister Manmohan Singh said Wednesday the slowdown last year was "temporary" and a longer term view would show that India has notched up an average "8 percent growth" in the past nine years.

Parrikar to meet PM for special status for Goa

by sulekha news on May 22 2013 9:45PM IST

Panaji, May 22 (IANS) Chief Minister Manohar Parrikar will meet Prime Minister Manmohan Singh in June to press for special status for Goa and demand a special package for the people affected by the mining ban in the state, it was announced here Wednesday.

Wrongdoers in coal blocks, 2G allocations to be punished: PM

by sulekha news on May 22 2013 9:35PM IST

New Delhi, May 22 (IANS) The UPA is committed to transparency and allegations of impropriety in telecom spectrum and coal blocks allocations are being investigated and wrongdoers will be punished, Prime Minister Manmohan Singh said Wednesday.

Kochi to host INK Fellows Programme 2013

by sulekha news on May 22 2013 9:05PM IST

Kochi May 22 (IANS) Applications have been invited for the INK Fellows Programme 2013 for using the physical and digital platform for sharing innovative ideas, an organiser said Wednesday. The programme will be hosted in Kochi.

UPA made growth more inclusive: PM

by sulekha news on May 22 2013 8:25PM IST

New Delhi, May 22 (IANS) Prime Minister Manmohan Singh Wednesday said that the UPA government had improved the performance of the economy, made growth more inclusive and ensured better delivery of welfare programmes.

Netxcell joins hands with Funmobile in Nigeria

by sulekha news on May 22 2013 8:05PM IST

Hyderabad, May 22 (IANS) Netxcell Limited, a leading telecom technology services provider, Wednesday announced its association with Funmobile, a leader in the mobile content domain in west Africa.

L&T Q4 profit drops near 7 percent

by sulekha news on May 22 2013 7:45PM IST

Mumbai, May 22 (IANS) Engineering and construction conglomerate Larson & Toubro Wednesday posted a 6.8 percent drop in net profit at Rs.1,787.94 crore for the fourth quarter ended March.

Cadbury ordered to pay Rs.30,000 compensation; says will move higher court

by sulekha news on May 22 2013 7:25PM IST

Agartala, May 22 (IANS) A consumer court in Tripura has ordered Cadbury India to pay a compensation of Rs.30,000 to a complainant who found an iron pin inside a chocolate bar made by the company.

Sensex closes in red; capital goods stocks plunge

by sulekha news on May 22 2013 6:55PM IST

New Delhi, May 22 (IANS) A benchmark index of Indian equities markets fell Wednesday for the third day in a row amid profit-booking.

Delhi warns discoms over load shedding

by sulekha news on May 22 2013 6:25PM IST

New Delhi, May 22 (IANS) The Delhi government Wednesday sternly told electricity distribution companies that it will not tolerate load shedding in the capital as power is available in surplus.

Indian Bank's ex-chief gets 1 year jail for cheating

by sulekha news on May 22 2013 5:55PM IST

Chennai, May 22 (IANS) A CBI special court here Wednesday sentenced M. Gopalakrishnan, former chairman-cum-managing director of Indian Bank, and another official to one-year jail terms for cheating and abusing their official position.

Bihar launches aerial land survey

by sulekha news on May 22 2013 5:55PM IST

Patna, May 22 (IANS) Bihar Wednesday launched a survey using aerial photography for updating land records, officials said.