India Business News

Fiscal 2012-13 industrial output growth worst in 20 years (Roundup)

by sulekha news on May 10 2013 4:54PM IST

New Delhi, May 10 (IANS) India's industrial output registered a sluggish 1 percent growth in 2012-13, the worst performance in more than two decades, due to poor show by the manufacturing and mining sectors, government data showed Friday.

Zoning and mapping of 129 blocks in Bengal complete: Mitra

by sulekha news on May 10 2013 4:17PM IST

Kolkata, May 10 (IANS) In a bid to augment food security, West Bengal Finance Minister Amit Mitra Friday announced the successful completion of digitised zoning and land-use mapping in 129 blocks in the state.

Chemists in northeast shut as part of national strike

by sulekha news on May 10 2013 4:17PM IST

Agartala/Guwahati, May 10 (IANS) Thousands of retail and wholesale medicine shops remained closed across northeastern region Friday in support of the 12-hour all-India strike called by their national organisation against government policies and their impact on traders.

Patients relieved as several Delhi chemists remain open

by sulekha news on May 10 2013 4:16PM IST

New Delhi, May 10 (IANS) A majority of chemists located near major Delhi hospitals Friday decided to opt out of the nation-wide, one-day strike against the new drug policy and its impact on traders.

Industry body not upbeat on IIP numbers

by sulekha news on May 10 2013 4:14PM IST

New Delhi, May 10 (IANS) Industry associations Friday said overall slowdown in the country's economic activity would constrain manufacturing growth and an accommodative monetary policy regime would help spur investment.

Tesco seeks clarity on India's retail FDI norms

by sulekha news on May 10 2013 3:34PM IST

New Delhi, May 10 (IANS) Britain's biggest retailer Tesco Friday said it is waiting for more clarity on India's foreign direct investment (FDI) policy and would accordingly decide on opening stores in Asia's third largest economy.

Sensex trades flat, metal and realty stocks down

by sulekha news on May 10 2013 1:05PM IST

Mumbai, May 10 (IANS) A benchmark index of the Indian equities markets was trading flat in afternoon trade Friday.

Economists allay fears of setback if Bengal chit funds close

by sulekha news on May 10 2013 12:44PM IST

Kolkata, May 10 (IANS) With the chit fund catastrophe causing a major public uproar, economists feel even if all shady companies operating in West Bengal are closed down, it would not pose any major setback for the economy, though the already crisis-ridden sectors like service and real estate may be hit.

Industrial output rises 2.5 percent in March

by sulekha news on May 10 2013 12:34PM IST

New Delhi, May 10 (IANS) India's industrial output grew by 2.5 percent in March 2013, as against a contraction of 2.8 percent in the corresponding month of 2012, government data showed Friday.

Maharashtra pharmacists join all-India strike

by sulekha news on May 10 2013 10:36AM IST

Mumbai, May 10 (IANS) Over 50,000 retail and wholesale pharmacists and chemists in Maharashtra Friday joined the all-India strike called by the All India Organisation of Chemists and Druggists Associations (AIOCDA) in support of various demands, a top official said.

Himachal eyes personal rapid transit in Shimla

by sulekha news on May 9 2013 11:24PM IST

Shimla, May 9 (IANS) To decongest Shimla and Dharamsala, the Himachal Pradesh government is planning to set up personal rapid transit (PRT) as a green alternative transport mode, Chief Minister Virbhadra Singh said here Thursday.

Allied Blenders acquires distilleries in Bengal

by sulekha news on May 9 2013 10:24PM IST

Kolkata, May 9 (IANS) Liquor baron Kishore Chhabria's Allied Blenders & Distillers (ABD) has acquired 100 percent stake in Wales Distilleries in West Bengal.

Cabinet nod to 40 crore more UID numbers

by sulekha news on May 9 2013 10:04PM IST

New Delhi, May 9 (IANS) The Cabinet Committee on Unique Identification Authority of India (CC-UIDAI) Thursday approved phase four of the scheme, which will enroll an additional 40 crore residents, at a cost of Rs.3,436.16 crore, said official sources.

No decision can be based solely on CAG report: SC

by sulekha news on May 9 2013 9:34PM IST

New Delhi, May 9 (IANS) The Supreme Court Thursday said a report from the CAG - a constitutional functionary - commands respect but it could not be solely relied upon for deciding any contentious issue.

New ports to come up in West Bengal, Andhra Pradesh

by sulekha news on May 9 2013 9:34PM IST

New Delhi, May 9 (IANS) The union cabinet Thursday approved a shipping ministry proposal to set up new major ports in West Bengal and Andhra Pradesh.