India Business News

Badal imposes property tax, blames centre for it

by sulekha news on Apr 2 2013 7:56PM IST

Chandigarh, April 2 (IANS) Punjab Chief Minister Parkash Singh Badal Tuesday blamed the central government for the recent imposition of property tax in urban centres in Punjab.

Sensex up more than one percent; metal, capital goods stocks gain

by sulekha news on Apr 2 2013 7:26PM IST

Mumbai, April 2 (IANS) A benchmark index for Indian equities markets closed Tuesday's trade nearly one percent up, owing to healthy buying in metal, capital goods, oil and gas, health care and bank stocks.

ADB offers $252 million loan for road development in India

by sulekha news on Apr 2 2013 7:16PM IST

New Delhi, April 2 (IANS) The Asian Development Bank (ADB) Tuesday offered $252 billion loan for development of rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal.

Ghaziabad municipal body's audit demanded

by sulekha news on Apr 2 2013 6:16PM IST

Ghaziabad, April 2 (IANS) A councillor Tuesday demanded an audit of the Ghaziabad Municipal Corporation's developmental works which, he alleged, resulted in a loss of Rs.46 crore to the civic agency over the past three years.

Ambani brothers join hands for telecom business

by sulekha news on Apr 2 2013 5:56PM IST

Mumbai, April 2 (IANS) Companies run by brothers Mukesh and Anil Ambani Tuesday announced a Rs.1,200 crore deal for cooperation in telecom business.

Water desalination has big potential in India, says a firm

by sulekha news on Apr 2 2013 5:36PM IST

Chennai, April 2 (IANS) Water treatment company Va Tech Wabag is confident that water desalination will be a big business in the near future and it is gearing up to have a sizeable share of that pie.

Properties of Koutons and Eastern medikit attached in Gurgaon

by sulekha news on Apr 2 2013 4:17PM IST

Gurgaon, April 2 (IANS) The properties of Koutons retail and Eastern Medikit here have been attached and arrest warrants issued against its directors for not depositing Employees Provident Fund (EPF) dues, officials said Tuesday.

Congress, BJP spar over 2G probe panel

by sulekha news on Apr 2 2013 4:17PM IST

New Delhi, April 2 (IANS) A war of words Tuesday broke out between the Congress and the BJP over the functioning of the Joint Parliamentary Committee (JPC) examining the 2G spectrum issue.

2G: SC to hear Sunil Mittal's plea April 8

by sulekha news on Apr 2 2013 4:04PM IST

New Delhi, April 2 (IANS) The Supreme Court will April 8 hear the plea of Bharti Airtel CMD Sunil Mittal challenging the order of a special Delhi court summoning him in the 2G case.

Krishnapatnam Port posts 40 percent growth in revenues, cargo

by sulekha news on Apr 2 2013 4:04PM IST

Krishnapatnam (Andhra Pradesh), April 2 (IANS) Privately-run Krishnapatnam port recorded 40 percent growth in cargo handling and revenue during the 2012-13 financial year.

Delhi-Kolkata Rajdhani to have Wi-Fi connectivity

by sulekha news on Apr 2 2013 4:04PM IST

New Delhi, April 2 (IANS) Passengers on the Delhi-Kolkata Rajdhani would now be able to connect to internet through Wi-Fi facility while travelling, a railway official said Tuesday.

Dedicated airline for northeast: Fresh bids invited

by sulekha news on Apr 2 2013 3:46PM IST

Agartala, April 2 (IANS) With the aim of radically improving air connectivity in India's northeast, fresh bids have been invited for a dedicated airline in the region, a senior official said here Tuesday.

UP to set up infrastructure development fund

by sulekha news on Apr 2 2013 2:57PM IST

Lucknow, April 2 (IANS) Uttar Pradesh will soon set up an infrastructure development fund (IDF), Chief Minister Akhilesh Yadav announced here Tuesday.

New Saudi work policy to impact thousands of Indians

by sulekha news on Apr 2 2013 2:37PM IST

Thiruvananthapuram/New Delhi, April 2 (IANS) Thousands of Indians, especially Malayalis employed in Saudi Arabia, may be impacted by a new work policy of the kingdom that seeks to reserve a certain percentage of jobs for locals.

Maruti Suzuki's March sales down 4.8 percent

by sulekha news on Apr 2 2013 2:36PM IST

New Delhi, April 2 (IANS) Maruti Suzuki logged 4.8 percent lower sales in March as compared to the corresponding month of 2012.