India Business News

Chidambaram to set up cell for stalled infrastructure projects

by sulekha news on May 14 2013 8:15PM IST

Hyderabad, May 14 (IANS) Union Finance Minister P. Chidambaram Tuesday said he would set up a cell in his office to monitor and resolve the issues for speedy completion of the stalled infrastructure projects.

Indian food industry to touch Rs.408,040 crore by 2018

by sulekha news on May 14 2013 7:55PM IST

Mumbai, May 14 (IANS) The current size of the Indian food industry stands at Rs.247,680 crore per annum and is expected to grow at 11 percent to touch a staggering Rs.408,040 crore by 2018, an official said here Tuesday.

Sensex closes flat; healthcare stocks gain

by sulekha news on May 14 2013 7:15PM IST

Mumbai, May 14 (IANS) A benchmark index of the Indian equities markets closed flat Tuesday, a day after it plummeted to its lowest levels since May last year.

Air India to start flights at Dharamsala, Kullu from May 15

by sulekha news on May 14 2013 7:15PM IST

Shimla, May 14 (IANS) National carrier Air India's subsidiary Alliance Air will start regular flights between New Delhi and Dharamsala and Kullu from Wednesday, an airport official said Tuesday.

Loaders' strike at Thiruvananthapuram airport delays flights

by sulekha news on May 14 2013 7:05PM IST

Thiruvananthapuram, May 14 (IANS) A flash strike by around 300 loaders at the international airport here Tuesday delayed departures of international flights.

Chidambaram meets bankers, industrialists to speed up projects

by sulekha news on May 14 2013 7:05PM IST

Bangalore, May 14 (IANS) Union Finance Minister P. Chidambaram Tuesday met top bank executives and leading industrialists here on speeding up execution of infrastructure projects by addressing procedural and structural issues.

Major fire at Coca Cola depot in Lucknow

by sulekha news on May 14 2013 6:45PM IST

Lucknow, May 14 (IANS) A major fire broke out Tuesday afternoon at the Coca Cola depot here, destroying property worth crores of rupees, police said.

Spices park at Rae Bareli

by sulekha news on May 14 2013 6:35PM IST

Kochi, May 14 (IANS) The foundation stone for a mint spices park in Rae Bareli, the parliamentary constituency of Congress chief Sonia Gandhi in Uttar Pradesh, will be laid by Minister of Overseas Indian Affairs Vayalar Ravi Wednesday, an official said here.

Airport Metro offers discounted ride for family

by sulekha news on May 14 2013 5:55PM IST

New Delhi, May 14 (IANS) In a bid to woo commuters, the Airport Metro Express Line (AMEL), run by Reliance Infrastructure, has offered from Tuesday discounted travel for families or groups, an official said.

Air India losses expected to come down by Rs.1,200 crore in 2013-14

by sulekha news on May 14 2013 5:25PM IST

New Delhi, May 14 (IANS) The losses of the cash-strapped national carrier Air India are expected to come down by Rs.1,209 crore in the current fiscal, Civil Aviation Minister Ajit Singh said Tuesday.

Court allows ED probe into Saradha Group deals

by sulekha news on May 14 2013 5:25PM IST

Kolkata, May 14 (IANS) The Calcutta High Court Tuesday allowed the Enforcement Directorate (ED) to investigate alleged money laundering by the controversial Saradha Group.

Air India restarts 787 operations Wednesday

by sulekha news on May 14 2013 5:15PM IST

New Delhi, May 14 (IANS) Air India will Wednesday resume domestic commercial operations of the reinstated Boeing-787 Dreamliner and international operations by May 22.

Godrej Security to export 30 percent more to Africa

by sulekha news on May 14 2013 4:45PM IST

Kolkata, May 14 (IANS) Godrej group company Godrej Security Solutions (GSS) Tuesday said it is aiming to clock 27 percent growth in business to more than Rs.925 crore during this financial year and concentrate more on new markets such as Singapore, Malaysia and Vietnam.

Once landowners, they now work as security guards

by sulekha news on May 14 2013 4:35PM IST

Gurgaon, May 14 (IANS) They once owned the land where swanky highrises have come up in this corporate hub adjoining the national capital. Injudicious use of the money they earned from developers has now seen many of them working as security guards in those very buildings.

Mercedes planning to launch entry-level SUV in India

by sulekha news on May 14 2013 4:18PM IST

New Delhi, May 14 (IANS) Taking note of India's rising obsession with SUVs (Sports Utility Vehicles), Mercedes-Benz Tuesday hinted at launching a new entry-level SUV to compete with the likes of BMW X1, Audi Q3 and the soon-to-be-launched Volvo V40 Cross Country.