India Business News

Sensex closes 0.32 percent down; FMCG, capital goods stocks plummet

by sulekha news on Apr 5 2013 7:21PM IST

Mumbai, April 5 (IANS) A benchmark index of Indian equities markets closed Friday's trade 0.32 percent down, owing to heavy selling in fast moving consumer goods (FMCG), capital goods, consumer durables, bank and media and entertainment stocks.

India, Germany to ink several pacts to boost ties

by sulekha news on Apr 5 2013 7:12PM IST

New Delhi, April 5 (IANS) India and Germany are likely to sign several pacts in areas including renewable energy, trade, infrastructure and education during Prime Minister Manmohan Singh's visit to Berlin next week.

Corporate tax key to reclaiming high tax-GDP ratio: Official

by sulekha news on Apr 5 2013 5:27PM IST

Kolkata, April 5 (IANS) With the Indian government aiming to reclaim its peak high tax-GDP ratio of 11.9 percent soon, union Revenue Secretary Sumit Bose Friday said boosting up of corporate tax collection is key to improving the crucial ratio.

Shimla-Kaza road yet to get forest clearance: Virbhadra

by sulekha news on Apr 5 2013 4:29PM IST

Shimla, April 5 (IANS) The proposed road project to link this Himachal Pradesh capital with the picturesque Spiti Valley has been delayed on account of the failure to obtain forest clearance for it, Chief Minister Virbhadra Singh said Friday.

China projects not to affect Brahmaputra's flow: Rawat

by sulekha news on Apr 5 2013 4:18PM IST

New Delhi, April 5 (IANS) China has assured India that it will not take any step which affects the downstream flow in Brahmaputra, Water Resources Minister Harish Rawat said here Friday, noting that the neighbouring country had planned only run-of-river projects.

Economic development must be environmentally sustainable: PM

by sulekha news on Apr 5 2013 3:38PM IST

New Delhi, April 5 (IANS) Emphasising the need for an environment-friendly growth model, Prime Minister Manmohan Singh Friday said development can be sustainable only if it is protecting natural balances.

Sugar stocks rally after government decontrols sector

by sulekha news on Apr 5 2013 3:37PM IST

Mumbai, April 5 (IANS) Scrips of sugar mills rallied a day after the government decontrolled the Rs.80,000 crore (around $15.5 billion) sugar industry in line with the suggestions of a panel headed by C. Rangarajan, chairman of the prime minister's economic advisory council.

Sensex down 0.33 percent

by sulekha news on Apr 5 2013 3:34PM IST

Mumbai, April 5 (IANS) A benchmark index of Indian equities markets was trading 0.33 percent down Friday afternoon owing to heavy selling pressure in fast moving consumer goods (FMCG), consumer goods and bank stocks.

Policy changes key to affordable housing (Comment)

by sulekha news on Apr 5 2013 2:26PM IST

Affordable housing is the key to India's realty industry being able to change lanes to the fast track but cost escalations due to delayed permissions, lack of access to cheap credit and shortage of building material are proving to be major hurdles. The solution: Policy changes covering land to lending.

UP roads to get smoother with Rs.1,700 crore

by sulekha news on Apr 5 2013 2:21PM IST

Lucknow, April 5 (IANS) The Uttar Pradesh government has sanctioned Rs.1,700 crore for laying new roads and for the maintenance and repair of existing roads in the current financial year, said an official Friday.

SC declines immediate hearing of Bharti Airtel petition

by sulekha news on Apr 5 2013 1:20PM IST

New Delhi, April 5 (IANS) The Supreme Court Friday declined to hold an immediate hearing of a Bharti Airtel petition challenging the Delhi High Court ruling resurrecting the department of telecommunications (DoT) order directing it to halt its 3G services in several circles.

Andhra opposition to go ahead with April 9 shutdown

by sulekha news on Apr 5 2013 12:06PM IST

Hyderabad, April 5 (IANS) Opposition parties in Andhra Pradesh have decided to go ahead with their statewide shutdown on April 9 despite the government providing some relief from the steep hike in electricity tariff announced last week.

Panel to oversee Lucknow metro rail project

by sulekha news on Apr 5 2013 10:40AM IST

Lucknow, April 5 (IANS) A committee headed by Uttar Pradesh Chief Secretary Jawed Usmani will oversee the "formative steps" of the ambitious metro rail project for the state capital, officials said Friday.

Lahore school wins India-Pakistan school debate

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

New Delhi, April 4 (IANS) Pakistan's Lahore-based Salamat International Campus for Advanced Studies (SICAS) Thursday won the India-Pakistan School Debate 2013 held at the Siri Fort auditorium here.

More Indian vehicle buyers are satisfied with factory fitted tyres

by sulekha news on Apr 4 2013 10:06PM IST

Chennai, April 4 (IANS) More number of Indian vehicle buyers are satisfied with the tyres that come along with their automobiles (original equipment tyre), according to a J.D.Power Asia Pacific survey.