India Business News

India's forex reserves down $720 mn

by sulekha news on Apr 6 2013 6:36PM IST

Mumbai, April 6 (IANS) India's foreign exchange (forex) reserves decreased by $720.3 million to $292.64 billion for the week ended March 29, according to data released by the central bank.

Government plans to give LPG subsidy in cash to beneficiaries

by sulekha news on Apr 6 2013 5:46PM IST

New Delhi, April 6 (IANS) The government is planning to start transferring the subsidy for cooking gas in cash under the direct benefit transfer scheme, Finance Minister P. Chidambaram said Saturday.

India to amend tax laws after resolving Vodafone dispute: Chidambaram

by sulekha news on Apr 6 2013 5:06PM IST

New Delhi, April 6 (IANS) The Indian government will introduce changes in the income tax laws once the dispute with Vodafone is resolved, Finance Minister P. Chidambaram said Saturday.

UP wins 'most improved state' award under health insurance scheme

by sulekha news on Apr 6 2013 4:16PM IST

Lucknow, April 6 (IANS) In a first, Uttar Pradesh has been selected as the "most improved state" under the National Health Insurance Scheme (NHIS). The award would be handed over to Alok Kumar, the scheme's CEO in the state, at a function in Thiruvananthapuram April 8.

Day-long stir to be held against Sterlite plant

by sulekha news on Apr 6 2013 1:36PM IST

Chennai, April 6 (IANS) A day-long general strike demanding permanent closure of the copper smelter plant of Sterlite Industries (India) Ltd will be held Monday at Tuticorin, said MDMK party general secretary Vaiko Saturday.

Partial response to separatist shutdown in Kashmir

by sulekha news on Apr 6 2013 1:36PM IST

Srinagar, April 6 (IANS) A shutdown called by separatists partially affected life here and other major towns of the Kashmir Valley Saturday.

Kerala guzzles alcohol worth Rs.8,841 crore

by sulekha news on Apr 6 2013 11:16AM IST

Thiruvananthapuram, April 6 (IANS) Liquor sales touched an all-time high in Kerala at Rs.8,841 crore for fiscal 2012-13, show figures.

'Africa's young population is huge market for Indian business' (With Image)

by sulekha news on Apr 6 2013 10:26AM IST

New Delhi, April 6 (IANS) Indian firms should work to cash in on the demographic dividends on offer in the African continent, an Africa-based Indian corporate leader said here.

Fishing-cum-eco park to be come up in Chennai

by sulekha news on Apr 5 2013 10:48PM IST

Chennai, April 5 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday said the government will set up a sports fishing-cum-eco park at Chetpet lake here.

'Controversial' Pentavalent vaccine safe, say experts

by sulekha news on Apr 5 2013 10:46PM IST

Bangalore, April 5 (IANS) Terming the "controversial" Pentavalent vaccine "effective and safe", health experts here Friday said the vaccine will be pivotal in bringing down the country's child mortality rate.

DBT to be rolled out in more states

by sulekha news on Apr 5 2013 10:23PM IST

New Delhi, April 5 (IANS) The Direct Benefit Transfer (DBT) scheme will be expanded to include Odisha, West Bengal, Uttar Pradesh, Uttarakhand, Bihar and Chhattisgarh, where biometric data is being collected under the National Population Register.

SC to hear Bharti Airtel plea against DoT order Monday

by sulekha news on Apr 5 2013 9:47PM IST

New Delhi, April 5 (IANS) The Supreme Court said Friday it would hear Bharti Airtel's petition challenging the Delhi High Court ruling restoring DoT's order directing it to halt its roaming 3G services in seven circles where it does not have a licence.

Star Health hopes to break even this fiscal

by sulekha news on Apr 5 2013 9:38PM IST

Chennai, April 5 (IANS) City based health insurer Star Health And Allied Insurance Company Ltd is hoping to break even this fiscal and also build its investment income in an handsome manner while expecting another Rs.10 crore from the Tatas towards equity, a top company official said.

Bajaj to commence manufacturing of RE60 in current fiscal

by sulekha news on Apr 5 2013 9:38PM IST

Pune, April 5 (IANS) Two-and-three wheeler manufacturer Bajaj Auto Friday said it would commence production of its first four-wheeler - the RE60 - in the current financial year.

Need to track funds, information about transfer beneficiaries: PM

by sulekha news on Apr 5 2013 9:30PM IST

New Delhi, April 5 (IANS) Prime Minister Manmohan Singh Friday said he had been informed that the process of tracking and monitoring system in Direct Benefit Transfers (DBT) was "unsatisfactory" and asserted that there was a need to track funds and information about the beneficiaries.