India Business News

Country will suffer for propagating of lies: Pitroda

by sulekha news on Apr 7 2014 11:12PM IST

New Delhi, April 7 (IANS) Sam Pitroda, adviser to the prime minister on Public Information Infrastructure and Innovations, warned Monday that the country risked suffering on account of "propagating of lies" ahead of the Lok Sabha election.

Poll panel allows signing pact for two more Kudankulam units

by sulekha news on Apr 7 2014 9:22PM IST

Chennai, April 7 (IANS) The Election Commission has given its nod to department of atomic energy (DAE) for signing an agreement for purchase of two 1,000 MW nuclear reactors to be set up in Kudankulam in Tamil Nadu, said a senior official.

2G: Accused wants sufficient time to answer 1,700 questions

by sulekha news on Apr 7 2014 8:42PM IST

New Delhi, April 7 (IANS) An accused in 2G spectrum allocation case Monday pleaded before a court here to be given "sufficient time" to answer the questions.

India Inc. reacts cautiously to BJP manifesto

by sulekha news on Apr 7 2014 8:32PM IST

New Delhi, April 7 (IANS) India Inc. Monday reacted cautiously to the Bharatiya Janata Party's (BJP) manifesto for the Lok Sabha elections, which says the party would attract foreign investment in areas that create jobs and keep foreign capital out of multi-brand trade.

Sensex in red; consumer durables stocks down

by sulekha news on Apr 7 2014 8:32PM IST

Mumbai, April 7 (IANS) A benchmark index of Indian equities markets closed in the red for the third consecutive session Monday as consumer durables, bank and healthcare stocks declined on profit booking.

Industrial corridors, houses for all by 2022: BJP manifesto

by sulekha news on Apr 7 2014 5:12PM IST

New Delhi, April 7 (IANS) Declaring that India should no longer be limited by its infrastructure, the BJP in its election manifesto Monday promised faster work on the country's freight and industrial corridors and vowed to provide each family a house by the 75th year of the nation's independence.

BJP assures stable prices, taxes but no to foreign retailers (Roundup)

by sulekha news on Apr 7 2014 4:52PM IST

New Delhi, April 7 (IANS) Foreign investment will be allowed only in areas that create jobs and assets and will be disallowed in retail trade, the Bharatiya Janata Party (BJP) said Monday, while promising better infrastructure and stability in prices and taxation.

FICCI slams states' moves to curb open access in power sector

by sulekha news on Apr 7 2014 4:19PM IST

New Delhi, April 7 (IANS) The Federation of Indian Chambers of Commerce and Industry (FICCI) Monday strongly opposed the recent move by states to curb competition in the power sector and restrict open access.

Singapore Airlines to operate A380 aircraft from May

by sulekha news on Apr 7 2014 4:19PM IST

New Delhi, April 7 (IANS) Singapore Airlines Monday said it will deploy Airbus A380 - the world's largest passenger aircraft - on select routes in India from May.

A century in measuring social progress (Column: Active Voice)

by sulekha news on Apr 7 2014 3:25PM IST

Gross domestic product (GDP) has dominated as a measure of national performance over the large part of past 100 years. But an intellectual debate has also raged over finding a better and more representative measure of assessing progress. Interestingly, the debate itself was initiated by Simon Kuznets, the architect of GDP and a Noble laureate: "The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP."

Sensex down 112 points; consumer durables stocks fall

by sulekha news on Apr 7 2014 2:53PM IST

Mumbai, April 7 (IANS) A benchmark index of Indian equities markets was trading 111.87 points or 0.50 percent down in the late afternoon session Monday, as consumer durables, capital goods and bank stocks declined.

Sun Pharma to buy Ranbaxy for $4 billion in all-share deal

by sulekha news on Apr 7 2014 1:26PM IST

New Delhi, April 7 (IANS) India's largest drugmaker by market capitalisation Sun Pharma will buy out Japan's Daiichi-controlled Ranbaxy Laboratories for $4 billion in an all-share deal, the two companies said Monday.

Sun Pharma to buy out Ranbaxy for $4 billion

by sulekha news on Apr 7 2014 12:12PM IST

New Delhi, April 7 (IANS) India's largest drugmaker Sun Pharma will buy out Ranbaxy Laboratories for $4 billion, the two companies said Monday.

Ensure drinking water in scarcity areas, Bengal officials told

by sulekha news on Apr 6 2014 9:52PM IST

Kolkata, April 6 (IANS) Acting on complaints that even routine maintenance of drinking water sources have been stopped in hot and humid West Bengal citing the poll code, Chief Election Commissioner V.S.Sampath Sunday asked officials to ensure there was no hindrance in that regard.

BJP manifesto blackout in northeast areas voting Monday

by sulekha news on Apr 6 2014 6:02PM IST

New Delhi, April 6 (IANS) Electors in Assam and Tripura, voting in Monday's first phase of polling for the Lok Sabha, will cast their ballot unaware of the Bharatiya Janata Party's (BJP) unified vision of development and prescription for economic revival, differences over which have reportedly delayed its release.