India Business News

Bangalore chamber draws action plan to revive Karnataka economy

by sulekha news on May 20 2013 10:45PM IST

Bangalore, May 20 (IANS) Karnataka's apex industry body Bangalore Chamber of Commerce & Industry (BCIC) has drawn an action plan to revive the state's sagging economy with a strategy on kick-starting the manufacturing sector.

Infosys to appeal against tax demand

by sulekha news on May 20 2013 9:05PM IST

Bangalore, May 20 (IANS) Indian IT bellwether Infosys Ltd Monday said it would appeal against the notice of the income tax department demanding Rs.577 crore as outstanding dues for fiscal 2008-09.

Illegal structures on Yamuna, Hindon banks to be demolished

by sulekha news on May 20 2013 9:05PM IST

New Delhi, May 20 (IANS) The National Green Tribunal (NGT) Monday ordered the demolition of all unauthorised structures on the flood plains and river beds of Yamuna and Hindon rivers in Haryana, Delhi and Uttar Pradesh, officials said.

Now posh residents protest lack of water

by sulekha news on May 20 2013 7:55PM IST

Gurgaon, May 20 (IANS) Residents of the posh DLF City here Monday staged a noisy protest against the developer, saying the area was getting very little water despite the scorching heat.

GPS mandatory for Gurgaon company vehicles

by sulekha news on May 20 2013 7:45PM IST

Gurgaon, May 20 (IANS) Vehicles used by companies in Gurgaon to ferry female employees will have to be equipped with GPS within a month.

Virbhadra opens new bridge in Shimla

by sulekha news on May 20 2013 7:35PM IST

Shimla, May 20 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh Monday inaugurated a bridge near the Auckland tunnel here, which was constructed at a cost of Rs.2.52 crore under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

India, China should trade in their own currencies: Anil Ambani

by sulekha news on May 20 2013 7:35PM IST

New Delhi, May 20 (IANS) India and China should focus on trading in their own currencies, the rupee and renminbi, instead of the US dollar, as this would help reduce risk and cut exchange costs, Reliance Group Chairman Anil Ambani said Monday.

Birla Corp Q4 net up 26 percent

by sulekha news on May 20 2013 7:25PM IST

Kolkata, May 20 (IANS) MP Birla group flagship Birla Corporation Monday reported a 26.40 percent rise in its net profit to Rs.72.63 crore for the quarter ended March 31, 2013, from Rs. 57.46 crore during the same period a year ago.

Srei Infra Finance Q4 net jumps 424 percent to Rs.69.28 crore

by sulekha news on May 20 2013 7:15PM IST

Kolkata, May 20 (IANS) Srei Infrastructure Finance, one of India's leading infrastructure financial institutions, Monday announced a 424.45 percent jump in its consolidated net profit to Rs.69.28 crore during the quarter ended March 31, 2013, from Rs.13.21 crore in the same period previous year.

Karnataka budget in July first week: Siddaramaiah

by sulekha news on May 20 2013 7:05PM IST

Mysore, May 20 (IANS) Karnataka Chief Minister Siddaramaiah said Monday he will present the budget in the first week of July, the first after Congress returned to power in the state after nine years.

Gold, silver prices fall to record low on strengthening dollar

by sulekha news on May 20 2013 7:05PM IST

New Delhi, May 20 (IANS) Gold hit a 21-month low and silver prices plunged to a two-and-a-half-year level Monday. Experts said this happened because of the strengthening of the dollar.

India, China ink deals to reduce trade gap

by sulekha news on May 20 2013 6:35PM IST

New Delhi, May 20 (IANS) India Monday signed four agreements with China that will boost Indian shipments of buffalo meat, fisheries and pharmaceuticals, and help reduce the trade deficit that rose to $40.77 billion in the financial year ended March 31, 2013.

India, China vow to resolve border row, boost ties (Roundup)

by sulekha news on May 20 2013 6:15PM IST

New Delhi, May 20 (IANS) India and China scripted a new chapter in their ties Monday as Premier Li Keqiang and Prime Minister Manmohan Singh candidly discussed their recent border row and decided to take steps for an early resolution of a dispute that triggered a war in 1962.

Sami Labs eyes Indian market to boost sales

by sulekha news on May 20 2013 6:15PM IST

Bangalore, May 20 (IANS) Leading pharma and nutraceutical export player Sami Labs Monday unveiled a holistic strategy to increase its market share in India to 10 percent in the near future from two percent currently.

Commuters fume as Li's visit fuels tailbacks in Delhi

by sulekha news on May 20 2013 6:15PM IST

New Delhi, May 20 (IANS) Delhiites Monday had a harrowing time due to traffic restrictions put in place in the heart of the city during Chinese Premier Li Keqiang's visit. Some even slammed the practice of closing roads for the movement of dignitaries.