India Business News

Oriental Cuisines to double outlets to 200 by 2015

by sulekha news on May 7 2013 8:04PM IST

Chennai, May 7 (IANS) City-based Oriental Cuisines Pvt Ltd, owning a varied chain of restaurants, plans to double its outlet numbers in two years time, said a top company official.

Wipro invests $30 million in US data firm

by sulekha news on May 7 2013 8:04PM IST

Bangalore, May 7 (IANS) IT bellwether Wipro Tuesday invested $30 million (Rs.162 crore) for a strategic equity stake in Opera Solutions LLC, a leading privately held US-based big data science firm.

Goa mining delegation asks PM for help

by sulekha news on May 7 2013 7:44PM IST

Panaji, May 7 (IANS) A delegation of Goa's mining workforce, who were in Delhi to lobby for restarting Goa's banned mining industry, Tuesday said they met Prime Minister Manmohan Singh and Minister for Mines Dinsha Patel in Parliament House.

Cobrapost expose: Banks, insurance firms suspend 15 employees

by sulekha news on May 7 2013 7:34PM IST

New Delhi, May 7 (IANS) The government Tuesday said public sector banks and insurance companies have suspended at least 15 officers and employees on money laundering allegations as exposed in a sting operation by an investigative website Cobrapost.

Sensex ends Tuesday's trade one percent higher

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

Mumbai, May 7 (IANS) A benchmark index of the Indian equities markets closed Tuesday's trade over one percent up and touched its highest level in the last three months.

Himachal seeks 5,000 direct-to-home TV sets

by sulekha news on May 7 2013 6:54PM IST

Shimla, May 7 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh has requested the central government to provide 5,000 direct-to-home (DTH) TV sets to the state, a statement said here Tuesday.

Government okays FDI proposals worth Rs.262.5 crore

by sulekha news on May 7 2013 6:54PM IST

New Delhi, May 7 (IANS) The government Tuesday said it has approved 17 FDI (foreign direct investment) proposals amounting to Rs.262.55 crore.

Global Edge Software buys out Dearborn Electronics

by sulekha news on May 7 2013 6:44PM IST

Bangalore, May 7 (IANS) Embedded software solutions firm Global Edge Software Ltd Tuesday acquired Dearborn Electronics (India) Ltd for an undisclosed amount to foray into automotive electronics and industrial automation embedded systems.

India pitches for rating upgrade; says growth story credible

by sulekha news on May 7 2013 6:04PM IST

New Delhi, May 7 (IANS) India's growth story is credible and the government is making serious efforts to control subsidy and address other macro-economic problems, the finance ministry told rating agency Moody's Tuesday, making a strong pitch for sovereign ratings upgrade.

Rs.1,200 crore paper board project in TN: Jayalalithaa

by sulekha news on May 7 2013 5:34PM IST

Chennai, May 7 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Tuesday said paper major Tamil Nadu Newsprint & Papers Ltd (TNPL) will set up a multilayer double-coated board project at an outlay of Rs.1,200 crore in Tiruchirapalli district.

Saradha scam: Another agent commits suicide in Bengal

by sulekha news on May 7 2013 5:34PM IST

Kolkata, May 7 (IANS) In the wake of the Saradha chit fund scam that has rocked West Bengal, the spate of distressed agents and operators of ponzi firms committing suicide continued, with yet another agent ending his life.

Kudankulam N-plant almost ready for starting: AERB

by sulekha news on May 7 2013 5:14PM IST

Chennai, May 7 (IANS) The first unit of the 1,000 MW Kudankulam Nuclear Power Plant (KNPP), set up by Nuclear Power Corporation of India Ltd. (NPCIL), is almost ready for beginning the fission process, said a top official of the country's atomic regulator.

Bihar to buy 1,000 MW to provide power to all by 2015

by sulekha news on May 7 2013 4:44PM IST

Patna, May 7 (IANS) Power-starved Bihar plans to buy 1,000 MW in the open market from 2015 to meet the shortfall in its power requirements and keep the chief minister's promise of power for all before 2015 assembly polls, officials here said Tuesday.

Destitute women to get living quarters

by sulekha news on May 7 2013 4:24PM IST

New Delhi, May 7 (IANS) Destitute women will now get some reprieve with the National Commission for Women and a public sector company coming together to build shelters for them across India, a minister said Tuesday.

Kerala to popularise ayurveda during monsoon

by sulekha news on May 7 2013 4:13PM IST

Thiruvananthapuram, May 7 (IANS) Kerala is set to popularise ayurveda therapies among tourists during the monsoon, which arrives in the last week of May, an official said Tuesday.