India Business News

Unified transport authority needed, says Delhi Metro chief

by sulekha news on Mar 21 2014 4:42PM IST

New Delhi, March 21 (IANS) Delhi Metro Chief Mangu Singh Friday highlighted the need for a unified transport authority and the importance of city-level governance to look after issues related to the transport sector.

Sensex closes flat, oil and gas stocks down

by sulekha news on Mar 21 2014 4:22PM IST

Mumbai, March 21 (IANS) A benchmark index of Indian equities markets ended Friday's trade flat - up 14 points, as oil and gas and healthcare stocks fell.

India, Russia to sign deal by March-end on new KNPP units

by sulekha news on Mar 21 2014 4:19PM IST

New Delhi, March 21 (IANS) India and Russia are close to resolving differences over the nuclear liability law that has held up agreement on construction of units 3 and 4 of the Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu, and a contract could be signed by March-end, an official said.

Ford not to change its India plans

by sulekha news on Mar 21 2014 3:13PM IST

Chennai, March 21 (IANS) Despite a tough Indian market, Ford India, the wholly-owned subsidiary of US-based Ford Motor Company, is not revisiting its business plan of launching eight new models by 2015, said a senior official.

Ford India not to launch eight new models

by sulekha news on Mar 21 2014 1:18PM IST

Chennai, March 21 (IANS) Despite a tough Indian market, Ford India, the wholly-owned subsidiary of US-based Ford Motor Company, is not revisiting its business plan of launching eight new models by 2015, said a senior official.

India grants Niger $60 mn in one quarter

by sulekha news on Mar 21 2014 1:18PM IST

New Delhi, March 21 (IANS) As India seeks to boost its engagement with West Africa, it is a measure of Niger's importance that the landlocked uranium and oil-rich country of 17 million - with which bilateral trade amounts to a little over $100 million - has been granted two lines of credit (LoCs) of nearly $60 million in one quarter.

Toyota India to lift lockout Monday

by sulekha news on Mar 21 2014 12:14PM IST

Bangalore, March 21 (IANS) Toyota India has agreed to lift the lockout in its twin car plants five days after shutting them down over a failed wage hike deal with its employees.

Delhi HC denies relief to Kathputli colony residents

by sulekha news on Mar 20 2014 10:12PM IST

New Delhi, March 20 (IANS) The Delhi High Court Thursday declined to stay a redevelopment project at the Kathputli Colony inhabited by puppeteers, singers, magicians and other artisans who have been protesting against their eviction and shifting to a transit camp.

Nissan to revisit its mid-term business plan in India

by sulekha news on Mar 20 2014 9:53PM IST

Chennai, March 20 (IANS) With the economy and the automobile sector facing difficult times, Japanese car maker Nissan will revisit its mid-term business plan of capturing 10 percent market share in India by 2016, a top official of the company's Indian subsidiary said here Thursday.

No safety breach during mid-air jig: SpiceJet

by sulekha news on Mar 20 2014 8:32PM IST

New Delhi, March 20 (IANS) Budget carrier SpiceJet Thursday said its crew did not violate any safety norms while conducting mid-air dances in some of its flights as part of the Holi celebrations.

Sensex slips 93 points on possible US interest rate hike

by sulekha news on Mar 20 2014 8:32PM IST

Mumbai, March 20 (IANS) A benchmark index of Indian equities markets Thursday closed 93 points down on reports of US tapering that led to selling in interest-sensitive capital goods, banks and automobile stocks.

Airtel set to introduce Nokia X in 17 African nations

by sulekha news on Mar 20 2014 6:23PM IST

New Delhi, March 20 (IANS) Telecom service provider Bharti Airtel has joined hands with handset maker Nokia to provide new Nokia X smartphone across 17 countries in Africa from mid-April this year, a company statement said here Thursday.

Satluj Nigam's second hydro project starts generation

by sulekha news on Mar 20 2014 5:43PM IST

Shimla, March 20 (IANS) Public sector Satluj Jal Vidyut Nigam Limited's (SJVN Ltd.) second hydropower project in upper Shimla started partial generation Thursday, a company official said here.

India's new Companies Act model for others: Wolters Kluwer

by sulekha news on Mar 20 2014 4:32PM IST

Mumbai, March 20 (IANS) The new Companies Act enacted by India last year is not just a modern legislation addressing the contemporary corporate needs, but also a model which other countries can follow, an expert in the subject has said.

Toyota India suspends 17 workers

by sulekha news on Mar 20 2014 10:21AM IST

Bangalore, March 20 (IANS) Toughening its stand against agitating employees, Toyota India has suspended 17 workers for misconduct and indiscipline four days after it declared a lockout in its twin factories near here.