Andhra Business: News

SKS Microfinance securitises Rs 243 cr of receivables

Tue, 07 Feb 2012 10:04:45 GMT

India's only listed micro-lender SKS Microfinance today said that it has securitized Rs 243 crore of receivables from borrowers outside of Andhra Pradesh. The transaction is rated A1+(SO) by rating company Care indicating a strong capacity for timely payment of short-term debt obligations.

RBI cautions against Manappuram Fin accepting deposits

Tue, 07 Feb 2012 08:05:07 GMT

RBI said it has come across instances of acceptance of deposits by Manappuram even after the firm converted itself into a non-deposit taking non-banking financial company, cautioning it was not permitted to do so. In March 2011, it became a non-deposit taking non-banking financial company.

Europcar selects TCS as strategic IT partner in France

Tue, 07 Feb 2012 07:17:38 GMT

Country's biggest software services firm Tata Consultancy Services (TCS) said it has signed a multi-year, multi-million euro contract with European car rental company Europcar for deployment of IT services in France. The financial details of the deal were not disclosed.

Facebook turns eight with 845 m active subscribers

Mon, 06 Feb 2012 07:23:48 GMT

Since its launch on February 4, 2004 at Harvard University in Mark Zuckerberg's dormitory room, the social networking giant that has changed our lives over the years has witnessed massive growth and is most likely to have one billion users by August this year.

Australia pitches for boosting trade with India

Sun, 05 Feb 2012 08:08:43 GMT

Australia called for boosting bilateral trade with India, saying that business ties can be strengthened in a host of areas such as infrastructure, construction and skills development.

Court rescues P Chidambaram from 2G quagmire

Sun, 05 Feb 2012 08:00:26 GMT

In a huge relief to home minister P Chidambaram and to the UPA govt, a Delhi court threw out a plea to make him an accused in the 2G case holding that he did not indulge in any criminal conspiracy or derived any pecuniary advantage in the decisions taken with former telecom minister Mr A Raja.

NMDC eyes more overseas acquisitions of mineral assets

Sun, 05 Feb 2012 07:54:05 GMT

State-owned NMDC is pursuing more overseas acquisitions of strategic mineral assets to meet its requirements as also for raw material security for steel and fertiliser industries, the company's Chairman and Managing Director (In-charge) N K Nanda said.

Piramal hikes stake in Vodafone India to 11 pc

Sun, 05 Feb 2012 07:45:46 GMT

Within days of British telecom firm Vodafone winning its over $2 billion tax case in India, Piramal Healthcare picked up an additional stake of about 5.5 per cent in Vodafone's Indian arm for Rs 3,007 crore. With this, Piramal's total shareholding in Vodafone went up to about 11 per cent.

RBI buys bonds worth Rs 8,819.52 cr under OMO

Sat, 04 Feb 2012 10:49:18 GMT

The Reserve Bank bought bonds worth Rs 8,819.52 crore through open market operations (OMO), against a target of Rs 10,000 crore, as part of its strategy to infuse liquidity into the system. Four securities were on offer for OMO and the RBI subscribed to all of them

Google launches prog to help women entrepreneurs

Sat, 04 Feb 2012 10:45:15 GMT

Internet search giant Google Inc has launched a programme to help women entrepreneurs grow their businesses through an online presence. The program, 'Women Entrepreneurs on the Web' (WEOW), aims to help women entrepreneurs across India grow their online presence.

Dr Reddy's posts 88 pc jump in Q3 net profit to Rs 513 cr

Sat, 04 Feb 2012 10:33:49 GMT

Dr Reddy's Laboratories reported a whopping 88 per cent growth net profit to Rs 513 crore for the quarter ended December 31, 2011, on the back of robust Olanzapine sales in the USA. It posted a net profit of Rs 273.14 crore for the third quarter of the previous fiscal.

Oil firms stop jet fuel supplies to Air India over dues

Fri, 03 Feb 2012 07:53:44 GMT

State-owned oil companies snapped supplies of jet fuel to Air India for failing to honour payments even after 90-day credit period, but the ailing national carrier said it has paid Rs 180 crore and would pay another Rs 40 crore by tomorrow.

Andhra Bank Q3 net down 8.5 pc at Rs 303 cr

Fri, 03 Feb 2012 07:49:20 GMT

Public-sector lender Andhra Bank witnessed a decline of 8.5% in net profit at Rs 303 crore for the third quarter ended December 31, 2011, due to higher provisioning towards non-performing assets (NPAs). The bank had posted a net profit of Rs 331 crore in the same period of previous fiscal.

IRDA sets up forum to promote health insurance

Fri, 03 Feb 2012 07:44:41 GMT

Sectoral regulator IRDA set up a forum that would eventually become a self-regulatory organisation, in order to help promote health insurance. The health insurance forum, IRDA said, would help in evolving policies and processes for the health insurance sector.

Shocked new operators may file review petition

Fri, 03 Feb 2012 07:38:57 GMT

Jolted by the Supreme Court's judgement that cancelled 122 telecom licences issued in 2008, the new operators expressed shock over the verdict and indicated that they may file review petition.The companies have said that they have been unfairly treated.

Jolt to telcos: SC cancels 122 2G spectrum licences

Fri, 03 Feb 2012 07:32:31 GMT

In a huge embarrassment to the government and a jolt to the telecom sector, the Supreme Court cancelled 122 2G licences granted during the tenure of former telecom minister A Raja declaring it as "illegal" and blamed the government's flawed first-come-first served policy.

Fortis acquires 85 pc stake in Singapore diagnostic chain

Thu, 02 Feb 2012 07:48:53 GMT

Fortis Healthcare said it acquired a majority stake in Singapore-based diagnostic firm RadLink-Asia Pte Ltd for 62.9 million Singapore dollar (about Rs 245 crore). Fortis further said the investment will provide a complementary platform to its upcoming specialty hospital on Adam Road in Singapore.

Mahindra Satyam net up four times at Rs 308 cr in Q3

Thu, 02 Feb 2012 07:36:30 GMT

Beating market expectations, Mahindra Satyam reported four-fold rise in profit after tax to Rs 308 crore for the quarter ended December 31, helped by forex gains. It reported PAT of Rs 59 cr in the third quarter (October-December) in 2010-11. The company’s Q3 revenue was Rs 1,718 cr, up 34 pc.

New Year brings smile to car-makers, sales rise in Jan

Thu, 02 Feb 2012 07:30:50 GMT

Major car makers in the country, including Maruti Suzuki, Hyundai and Tata Motors, posted an increase in sales during January, indicating buoyancy in the auto market in the new year after prolonged sluggishness.Maruti witnessed a turnaround in monthly sales after seven months of decline.

Maruti Suzuki launches new DZire at Rs 4.79-Rs 7.09 lakh

Thu, 02 Feb 2012 07:23:40 GMT

Country's No. 1 carmaker Maruti Suzuki India introduced a compact version of its entry-level sedan, DZire, at an introductory price between Rs 4.79 lakh and Rs 7.09 lakh (ex-showroom, Delhi).

Infosys to train 100 J-K youths every year

Wed, 01 Feb 2012 08:54:05 GMT

Infosys to train 100 J-K youths every yearSoftware giant Infosys Ltd will train 100 engineering students from Jammu and Kashmir every year on advanced Information Technology enabled services.

ICICI Bank Q3 net jumps 20 pc to Rs 1,728 crore

Wed, 01 Feb 2012 08:46:34 GMT

ICICI Bank, the country’s largest private sector lender reported 20 per cent growth in net profit for the December quarter at Rs1,728.10 crore compared to Rs1,437.02 crore in the same period last year.Total CAR stood at 18.88 per cent of which the core Tier-I constituted 13.13 per cent.

Coca Cola to press for expansion in urban, rural India

Wed, 01 Feb 2012 08:01:46 GMT

Global beverages major Coca Cola said it will continue to expand in both urban and rural India as the firm seeks to tap the potential of the country, which it has identified as a strategic market. Its priority is to continue developing the Indian market as it provided huge scope.

Reserve Bank to buy govt securities worth Rs 10,000 cr

Wed, 01 Feb 2012 07:49:53 GMT

RBI to purchase govt securities worth Rs 10k cr through open market operations (OMO) to tide over the current liquidity crisis."There is an overall aggregate ceiling of Rs 10k cr for all the securities in the basket put together. There is no security-wise notified amount," it said.

Mercedes launches new edition of GL-Class SUV

Wed, 01 Feb 2012 07:37:50 GMT

Mercedes Benz launched a new edition of its GL-Class sports utility vehicle in India, priced up to Rs 65.5 lakh (ex-showroom).The new edition of the vehicle comes with many features, such as 10-spoke, 20-inch light alloy wheels, two-tone leather seats and metallic paint finishes.

India may miss $300 billion export target: FIEO

Tue, 31 Jan 2012 08:08:21 GMT

India is unlikely to meet the $300 billion export target set for the current financial year due to a slowdown of demand in the US and European markets, the Federation of Indian Export Organisations (FIEO) said.

Govt approves Rs 7,900 crore capital infusion in SBI

Tue, 31 Jan 2012 08:02:06 GMT

SBI said the government has approved capital infusion of Rs 7,900 crore in the bank, a development that will help the lender to increase its business activities.With the capital infusion, the government stake would go up to about 65 pc. At present, the govt holds 59.4 pc stake in SBI.

Samsung India shuts window AC doors from 2012

Tue, 31 Jan 2012 07:55:11 GMT

Samsung India Electronics has decided to stop selling window air-conditioners (ACs) from this year as its sales have dwindled, the company said. Split ACs accounted for 85 per cent of Samsung’s total sales of the segment in 2011. The company is expecting it to be 100 per cent this year.

Taj plans 12 new Vivanta hotels over two years

Tue, 31 Jan 2012 07:42:58 GMT

Taj Hotels, Resorts and Palaces, India's largest hospitality group, plans to open 12 new hotels under 'Vivanta by Taj' brand over next two years, a top company official said. The company is also in talks to open Vivanta by Taj Hotels in China, Africa and Dubai soon.

Beam plans national roll-out of Scotch-based RTD

Sun, 29 Jan 2012 04:42:36 GMT

US-based liquor maker Beam Inc is gearing up for a national roll-out of its recently launched Scotch-based ready-to-drink (RTD) product under the Teacher's brand and expects to have a reach across India by the end of this year.It has launched the drink in few selected markets in India.

NMDC looking to acquire 2 properties in Australia

Sun, 29 Jan 2012 04:40:10 GMT

After acquiring Australian firm Legacy Iron Ore last year for about Rs 92 crore, NMDC is eyeing to acquire two more properties - Ridley iron ore deposit of Atlas Mining and Wonarah phosphate reserve of Minemakers Ltd - in the island continent.

MoEF rejects clearance to NMDC's Bailadila mine

Sun, 29 Jan 2012 04:36:19 GMT

The Ministry of Environment and Forests (MoEF) has rejected clearance to one of the iron-ore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said. The Ministry in the second week of January rejected clearance for the Bailadila iron ore deposit.

India ranks 125th in Environment Performance Index

Sun, 29 Jan 2012 04:29:36 GMT

India ranks a low 125 in the Environment Performance report of the prestigious Yale University, which should be a wake-up call to Indian political leaders at all level, its officials said.Switzerland leads the world in addressing pollution control and natural resource management challenge.

India emerges as investment destination at WEF

Sun, 29 Jan 2012 04:20:44 GMT

As the annual World Economic Forum summit closed at Davos, the India story has emerged even stronger with the business world appreciating the country's fine balance between democratic processes and economic growth. A few even foresee India hosting a Davos-level congregation in future.

Network 18 Media plans rights issue of up to 2,700 cr

Fri, 27 Jan 2012 09:40:00 GMT

Network 18 Media & Investments Ltd is planning a rights issue of up to Rs 2,700 crore to finance a similar issue of group firm TV18 Broadcast Ltd and repayment of debts.

Food inflation in -ve zone for 4th consecutive week

Fri, 27 Jan 2012 09:36:05 GMT

Food inflation remained in the negative zone for the fourth week in a row, at (-)1.03 per cent for the week ended January 14, on account of cheaper vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), was at (-)0.42 per cent in the previous week.

Mahindra Satyam, Tech Mahindra merger by yr-end

Fri, 27 Jan 2012 09:31:09 GMT

Mahindra group's two technology ventures, Tech Mahindra and Mahindra Satyam, would be merged by the end of this year, a senior group official said in Davos.Mahindra Satyam is a strategic partner for the WEF Annual Meeting being held there.

Dr Reddy's in trouble with US health regulator again

Thu, 26 Jan 2012 09:14:14 GMT

Dr Reddy's Laboratories has run into trouble with the US health authorities again, this time for not highlighting important risk information on a promotional website for injectable generic fondaprinux sodium, a drug that it launched in the US market recently.

US Justice Dept files consent decree in Ranbaxy case

Thu, 26 Jan 2012 09:08:55 GMT

The US Justice Department filed a ground-breaking consent decree in court for a permanent injunction mandating Indian drug-maker Ranbaxy to adhere to US manufacturing standards and ensure integrity of data at its plants in the US and India.The consent decree is unprecedented in its scope.

Govt likely to bring Microfinance Bill in Budget Session

Thu, 26 Jan 2012 09:03:05 GMT

The government is likely to introduce a Bill that seeks to make it mandatory for all micro-finance institutions to be registered with the RBI in the Budget Session of Parliament. The Finance Ministry has sent the draft Bill to the Law Ministry for approval and will subsequently seek Cabinet's nod.

Finance Ministry for higher excise duty on diesel cars

Thu, 26 Jan 2012 08:57:23 GMT

Diesel car buyers may have to shell out more with the Finance Ministry considering the imposition of higher excise duty on such vehicles in the upcoming Budget likely to be unveiled sometime in March. The Petroleum Ministry had suggested the imposition of higher duty on the purchase of diesel cars

Tata Communications to invest Rs 2,250 crore

Wed, 25 Jan 2012 10:02:25 GMT

Tata Communications announced fresh investment of $450 million or about Rs 2,250 crore in new product areas.

Inflation still sticky in manufacturing sector: FM

Wed, 25 Jan 2012 09:57:25 GMT

Finance Minister Pranab Mukherjee said that although food inflation has come down drastically, inflationary pressures were still visible in the manufacturing sector.He blamed the spiralling global crude oil prices in fuelling inflationary pressures in India. He applauded RBI for cutting the CRR.

Jaipal Reddy blames political compulsion for diesel subsidies

Wed, 25 Jan 2012 09:50:17 GMT

Despite admitting the necessity, Oil Minister S Jaipal Reddy said political compulsions are deterring the government from freeing diesel pricing from its control.The government had in June, 2010, freed petrol prices from its control, but retail rates have not moved in tandem with the cost.

CSE calls for Rs 1.62 lakh extra tax on big diesel cars

Wed, 25 Jan 2012 09:44:45 GMT

The Centre for Science and Environment demanded an additional duty of up to Rs 1.62 lakh on big diesel cars to prevent the misuse of subsidised fuel for luxury. While blaming the govt for its inaction over the issue, the NGO also hit out at ndustry body SIAM and vehicle makers for misinformation.

Granules India's net profit up 42 pc at Rs 8 cr

Tue, 24 Jan 2012 09:37:25 GMT

Pharmaceutical firm Granules India said its consolidated net profit rose by 41.99 per cent to Rs 7.98 crore during the quarter ended December 31, 2011, vis-a-vis the same period last fiscal. The company had posted a consolidated net profit of Rs 5.62 crore for the quarter ended December 31, 2010.

High fiscal deficit restraining policy rate cut: RBI

Tue, 24 Jan 2012 09:27:58 GMT

The RBI suggested that the govt should endeavour to contain high fiscal deficit, which has been restraining the RBI from lowering interest rates. It said that strong signs of fiscal consolidation are necessary to create a space for lowering policy rate without the risk of resurgent inflation.

Cabinet gives final nod to Cairn-Vedanta deal

Tue, 24 Jan 2012 09:21:47 GMT

The Union Cabinet gave final approval to London-based mining group Vedanta Resources Plc's acquisition of a majority stake in Cairn India for $8.48 billion. The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh cleared the deal this evening.

RIL's Rs 10,440 cr share buyback to start from Feb 1

Tue, 24 Jan 2012 09:15:54 GMT

The country's most-valued firm RIL said its Rs 10,440 cr share buyback offer will start from Feb 1 and closes on Jan 19, 2013.RIL would buy back up to 12 cr equity shares worth Rs 10,440 cr from the open market at a maximum price of Rs 870 apiece in its first share buyback since 2005.

RBI interest rate unchanged; Rs 32,000 cr infused

Tue, 24 Jan 2012 09:09:58 GMT

RBI injected Rs 32,000 cr into the system by lowering the Cash Reserve Ratio (CRR) by half-a-percentage point but kept the short-term lending rate unchanged in view of persisting inflation. “Based on the current inflation trajectory, it is premature to begin reducing the policy rate,” said RBI.

Maruti, Tata to tap customers on Facebook, Twitter

Mon, 23 Jan 2012 09:41:42 GMT

As use of social media spreads like wild fire, automobile companies are cashing in on the opportunity to tap younger customers and are more than doubling their spending to market products through sites like Facebook and Twitter.

Idea Cellular Q3 net dips 18 pc to Rs 200.9 crore

Mon, 23 Jan 2012 09:07:47 GMT

Aditya Birla Group firm Idea Cellular reported a nearly 18 per cent dip in consolidated net profit to Rs 200.9 crore for the quarter ended December 31, 2011, on account of higher depreciation and financing costs with respect to 3G investments.It registered a net of Rs 243 crore in the Oct-Dec.

Maruti Suzuki Q3 profit slumps 64pc at Rs 205.6 cr

Mon, 23 Jan 2012 08:27:46 GMT

The country's largest car-maker Maruti Suzuki India reported a 63.6 per cent fall in net profit for the quarter ended December 31, 2011, to Rs 205.6 crore. The company had posted a net profit of Rs 565.17 crore for the corresponding period last financial year, the company said.

RBI likely to maintain status quo in its policy review

Mon, 23 Jan 2012 08:19:17 GMT

Indicating that it may not tweak interest rates in tomorrow's policy review, the RBI said it will try to strike a balance between the need for promoting growth and containing inflationary expectations. It said GDP growth this fiscal is likely to fall below its earlier projection of 7.6 pc.

Google Plus user base crosses 90 million mark

Mon, 23 Jan 2012 08:05:18 GMT

Google's online social networking service 'Google Plus' has crossed 90 million users mark since its launch in June.Google Plus now has attracted 90 million users, reflecting the huge interest in the social networking site which was opened to the public on September 20.

Consumer inflation in rural areas slips to 6.72 pc in Dec

Sat, 21 Jan 2012 07:03:46 GMT

Reflecting sharp drop in prices of essential food items, inflation based on Consumer Price Index for Rural Labourers (CPI-RL) fell to 6.72 percent in December 2011, from 9.14 percent in November.

Indian Immunologicals in tie-up for new animal vaccine

Sat, 21 Jan 2012 06:57:58 GMT

Animal health firm Indian Immunologicals has teamed up with a consortium of national and international organisations to develop a new vaccine to control hemorrhagic septicaemia (HS), a deadly disease of cattle and buffalo in India.It will test and develop the vaccine over the next three years.

Reliance Q3 net down 13.6 p.c. at Rs 4,440 crore

Sat, 21 Jan 2012 06:53:05 GMT

Reliance Industries reported a net profit of Rs 4,440 crore for the third quarter ended December 31, 2011, down 13.6 per cent from Rs 5,136 crore in the same period last year. Turnover was up 40.2 per cent at Rs 87,480 crore (Rs 62,399 crore). The gross refining margin fell to $6.8 ($9) a barrel.

Vodafone wins Rs 11,000-cr I-T battle in Supreme Court

Sat, 21 Jan 2012 06:47:15 GMT

Vodafone International Holdings won a major legal battle when the Supreme Court set aside a Bombay High Court verdict holding that Income Tax dept has the jurisdiction to levy Rs 11,000 crore as tax on an overseas deal.The apex court held that Vodafone's transaction with Hutch was a bonafide FDI.

ITC Q3 net up 22.5 pc at Rs 1,701 crore

Sat, 21 Jan 2012 06:39:48 GMT

Tobacco, hotel and consumer goods enterprise ITC Ltd reported a 22.5 per cent jump in its net profit for the third quarter ended December, but lower-than-expected volume growth in cigarette business drove its share price down 3.6 per cent on the Bombay Stock Exchange.

Nissan hikes Micra, Sunny prices by up to 2 pc

Fri, 20 Jan 2012 06:56:54 GMT

Nissan Motor India said it has hiked the prices of its models Micra and Sunny between 0.56 pc to 2.09 per cent from Friday to offset the impact of rising input cost and rupee depreciation. Prices of petrol versions of Micra have gone up by Rs 3,000 while the diesel ones are costlier by Rs 12,000.

Hero, Bajaj post impressive growth in Q3 net profit

Fri, 20 Jan 2012 12:07:52 GMT

The country''s top two-wheeler makers Hero MotoCorp and Bajaj Auto reported impressive numbers for the third quarter ended December 31, 2011, with high double-digit growth in net profits.

India is world's sixth most innovative country: Survey

Thu, 19 Jan 2012 11:58:54 GMT

India has been ranked the sixth most "innovative" country in the world in multinational conglomerate GE's Annual Global Innovation Barometer, driven by financial support from public authorities and long-term support from investors.The report, based on a survey of 2,800 senior business executives.

Kingfisher continues to be a non-performing asset: SBI chief

Thu, 19 Jan 2012 11:45:59 GMT

Kingfisher Airlines' largest creditor SBI said the company continues to be a bad asset and the carrier will have to come with an equity infusion plan, even as the airline is knocking at the govt's door for more time to pay loans. Airlines, including Kingfisher, have to get equity.

SKS Microfinance Q3 loss soars to Rs 427 crore

Thu, 19 Jan 2012 11:40:47 GMT

SKS Microfinance reported a net loss of Rs 427 crore for October-December 2011 period -- the highest quarterly loss since the company went public.In the third quarter of 2010-11, SKS had a net profit of Rs 34 crore.The company has been registering losses for the past 4 qtrs.

Govt to create its own mobile applications store

Thu, 19 Jan 2012 07:40:15 GMT

The government proposes to create its own application store to assist delivery of various public services through mobile phones, it said in the framework for mobile governance issued.

US court rejects Upaid lawsuit against Satyam

Thu, 19 Jan 2012 07:34:43 GMT

Satyam Computer Services, now Mahindra Satyam, said a US court has dismissed a lawsuit filed against the company by Upaid following the settlement between the two.In December 2009, Mahindra Satyam had settled a lawsuit filed by its former client Upaid Systems by paying $70 million.

Budget 2012 to address slippages in economy: FM

Thu, 19 Jan 2012 07:29:24 GMT

Concerned over declining growth rate in the current fiscal, Finance Minister Pranab Mukherjee said that he will address the slippages in economic parameters in the upcoming Budget.Warning that the months ahead are difficult, he said the growth could fall below 7.5 pc in FY12 from 8.5 pc a year ago.

NMDC looking to acquire mineral assets in Australia

Thu, 19 Jan 2012 07:24:15 GMT

NMDC is actively looking to acquire mineral assets, such as iron ore, coal and phosphate, in Australia, according to Legacy Iron, an Australia-based mining company, in which NMDC acquired 50 per cent stake.The Board discussed plans for the growth and development of Legacy's existing assets.

NMDC taking steps to augment iron ore output: govt

Thu, 19 Jan 2012 07:21:25 GMT

Top iron ore producer NMDC recorded an output of 25.15 million tonne last fiscal, about 12 per cent of the country's total production, and is in the process of augmenting it, the government said.

RBI to issue Rs 100 currency note with rupee symbol

Thu, 19 Jan 2012 07:16:18 GMT

The Reserve Bank will shortly issue Rs 100 notes which will have the rupee symbol. The design of the notes to be issued is similar in all respects to the existing Rs 100 in Mahatma Gandhi Series-2005 except for the rupee symbol. It said recently it will introduce notes of Rs 1k, Rs 500 and Rs 10.

Mahindra launches XUV500 in Hyderabad

Wed, 18 Jan 2012 07:25:45 GMT

Mahindra & Mahindra Ltd (M&M), India’s leading SUV manufacturer, unveiled Mahindra XUV5OO in the city. The SUV price range starts at Rs. 11.2 lakh (ex-showroom Hyderabad) for the W6 model and goes upto Rs. 12.57 lakh for the W8 2WD model. The XUV5OO is Mahindra’s first global SUV platform.

New policy to attract private participation in railways

Wed, 18 Jan 2012 07:19:48 GMT

Facing a huge backlog of pending projects worth Rs 1 lakh crore, Railways is planning to opt for build, operate and transfer (BOT) model as part of a new investment policy to attract private participation in rail connectivity. Cost sharing model for projects will also be a part of the policy.

Outlook on Ind real estate for 2012 negative: Fitch

Wed, 18 Jan 2012 07:12:55 GMT

Fitch Ratings has said it has a "negative outlook for the Indian real estate sector in 2012 due to weak overall demand and higher construction costs, which are likely to continue to squeeze margins." It pointed out that high interest rates and high home prices have reduced the affordability.

RCom ties up funds for FCCB redemption

Wed, 18 Jan 2012 07:09:35 GMT

Reliance Communications said it has tied up refinancing for outstanding FCCBs worth Rs. 6,125 crore.The refinancing is being funded by Industrial and Commercial Bank of China (ICBC), China Development Bank (CDB), Export Import Bank of China (EXIM), and other banks.

Maruti, GM hike vehicle prices by up to Rs 17,000

Wed, 18 Jan 2012 07:02:11 GMT

Auto majors Maruti Suzuki and General Motors India have increased the prices of various models by up to Rs 17,000 to offset rising input costs and the impact of currency fluctuation. Maruti hiked prices of its vehicles across models, except for DZire, by between 0.3 per cent and 3.4 per cent.

Nokia most trusted brand in India: Survey

Mon, 16 Jan 2012 11:57:06 GMT

Mobile handset maker Nokia has emerged as the most trusted brand in India, ahead of homegrown Tata which is at No 2, while social activist Anna Hazare is placed above master blaster Sachin Tendulkar, according to a recent survey.

Singapore govt buys 1.09 pc stake into RIL

Mon, 16 Jan 2012 11:50:58 GMT

The Government of Singapore has acquired 1.09 per cent stake, now worth about Rs 2,500 crore, in Mukesh Ambani-led Reliance Industries (RIL), the company's latest shareholding data shows.At the current price of Rs 713.40 a piece, these shares are worth about Rs 2,550 crore.

Inflation at two-year low, but RBI may not cut rates

Mon, 16 Jan 2012 11:44:04 GMT

Cheaper food items pulled down headline inflation to a two-year low of 7.47 per cent in December, 2011, but this may not be enough for the Reserve Bank to slash key interest rates as rising prices of manufactured items remain a cause for concern.

India to launch $1 bn innovation fund by June-July

Mon, 16 Jan 2012 11:38:31 GMT

India plans to launch a $1 billion fund by June-July, with an initial capital of 5 billion rupees ($97.02 million), to invest in innovations that can generate services and products to uplift the poor, a top government official said.The fund is named India Inclusive Innovation Fund.

Mahindra to reopen XUV500 bookings, mulls draw

Mon, 16 Jan 2012 11:33:34 GMT

Auto major Mahindra & Mahindra said it will re-open bookings for its latest SUV model XUV500, for a limited period of 10 days starting January 25 after suspending it last year due to overwhelming response.The company further said in case bookings exceed 7,200 it will undertake a draw.

Jet Airways orders 17 Boeing 737s

Sat, 14 Jan 2012 09:27:51 GMT

Jet Airways has converted its options to buy Boeing 737 mid-range from the US aircraft manufacturer into a purchase agreement.

GVK Power to invest Rs 40,000 cr for expansion

Sat, 14 Jan 2012 09:19:07 GMT

GVK Power will add 6,800 MW power to its existing capacity at an investment of Rs 40,000 cr, a company executive said. The company will expand two of its existing gas-based units by 800 MW each and go for 2 projects of 2,640 MW each in AP. It is in the process of identifying locations for new ones.

Tata unveils cheap electric car in Detroit

Sat, 14 Jan 2012 09:13:26 GMT

Tata Technologies unveiled the prototype for a $20,000 electric car that can carry up to four passengers in Detroit as it set out to challenge more costly rivals. "The eMO project symbolizes the coming of age of Indian automotive engineering," said Warren Harris, president of Tata Technologies.

Indian economy likely to grow at 7-7.5 pc in FY'12

Sat, 14 Jan 2012 09:06:43 GMT

Attributing slowdown to global factors, Chief Economic Adviser Kaushik Basu said economic growth in the current fiscal could be around 7-7.5 per cent, down from 8.5 per cent a year ago.Indian economy registered a growth of 7.3 per cent in the first half of the current fiscal.

AP gets 243 investment proposals for Rs 6.47 lakh cr

Sat, 14 Jan 2012 08:59:05 GMT

The Andhra Pradesh government has received 243 proposals involving an investment of Rs 6.47 lakh crore during the Partnership Summit-2012 that concluded here on Friday.Chief Minister N Kiran Kumar Reddy said the projects are expected to create job opportunities for six lakh people.

India talking to France, US on nuclear program

Thu, 12 Jan 2012 07:23:41 GMT

India is in the process of holding technical level discussions with France and the US for its civil nuclear programmes, a senior Nuclear Power Corporation of India Ltd (NPCIL) official said.

SBI to get Rs 6,000 cr fresh capital via pref issue

Thu, 12 Jan 2012 07:11:30 GMT

The government has agreed to infuse up to Rs 6,000 crore fresh capital into State Bank of India through a preferential issue before the fiscal-end, the bank Chairman, Mr Pratip Chaudhuri, said.SBI’s total capital adequacy ratio stood at 11.4 per cent as of September quarter.

‘Partnership Summit to lure Rs 5 lakh cr investment’

Thu, 12 Jan 2012 06:59:47 GMT

Lukewarm response notwithstanding, Organisers of CII Partnership Summit 2012 sounded upbeat by announcing that the event would attract Rs 5 lakh crore investments into Andhra Pradesh. This investment figure is much higher than the initial forecast of a shade over Rs 3 lakh crore.

Asia's automakers moving production to US

Thu, 12 Jan 2012 06:40:24 GMT

Asian carmakers are boosting their production in the United States after disaster-caused production bottlenecks abroad and disadvantageous exchange-rate shifts have helped erode their market shares in the country.Toyota, Honda and their compatriots found their supply chains in Asia broken last year

Samsung launches GalaxyTab 620 tablet for Rs 30k

Wed, 11 Jan 2012 11:34:18 GMT

Mobile device maker Samsung Electronics on Wednesday announced the launch of Samsung GalaxyTab 620 built on Android Honeycomb 3.2 platform with 1.2 GHz dual core processor at a price of Rs 30,250.It has HSPA+ technology which can enable user to download movies and songs.

Small ITeS firms shifting from Hyderabad: Assocham

Wed, 11 Jan 2012 07:43:54 GMT

Many medium enterprises in IT/ITeS sector from Hyderabad and Bangalore are shifting or expanding their bases in the Philippines owing to concerns pertaining to infrastructure, cost of doing business and availability of skilled labour, an Assocham survey said.

Govt clears 20 FDI proposals worth Rs 1,935 crore

Wed, 11 Jan 2012 07:38:57 GMT

The government approved 20 foreign direct investment proposals, including that of Sterlite Grid, Equitas Micro Finance and TV Vision, envisaging total investment of Rs 1,935.24 crore.

Andhra Pradesh gears up for Partnership Summit

Wed, 11 Jan 2012 07:33:19 GMT

After months of agitation over the demand for separate Telangana state and the political uncertainty, which saw the state losing the 2010 Summit to Chennai and cancellation of last year's Global Investors' Meet, the state would be holding the premier mega business event.

Outlook for auto sector stable in 2012: Fitch

Wed, 11 Jan 2012 07:27:35 GMT

Ratings agency Fitch assigned a stable outlook for the Indian auto industry in 2012 and said passenger vehicles volumes are expected to grow by 3-5 per cent during the year, with car sales increasing by up to 4 per cent. It said that commercial vehicles (CVs) segment is likely to grow at 8-10 pc.

FDI up 56 pc; indirect tax kitty rises by 16.1 pc in Nov

Wed, 11 Jan 2012 07:22:14 GMT

Foreign direct investment (FDI) into India went up by an impressive 56 per cent to $2.53 billion in November 2011, signalling improvement in investor sentiment.The cumulative flows of $22.83 billion for the April-November period have crossed $19.43 billion which came in the full fiscal of 2010-11.

Government notifies 100 pc FDI in single brand retail

Wed, 11 Jan 2012 07:17:26 GMT

Notwithstanding its inability to open multi-brand retail for foreign investment, government notified 100 per cent foreign direct investment (FDI) in single-brand retail, paving way for global chains like Adidas, Louis Vuitton and Gucci to have full ownership of their India operations.

Govt to finalise 500 cr smart grid pilot projects soon

Mon, 09 Jan 2012 06:54:33 GMT

The Power Ministry is likely to finalise about eight smart grid technologies-related projects on pilot basis worth nearly Rs 500 crore in two months. The basic idea of a smart grid is to improve overall efficiency of the power sector, especially in transmission and distribution segments.

Water problem for industries likely to rise: Ficci

Mon, 09 Jan 2012 06:48:36 GMT

Expressing concern over inadequate availability of water for industries, Ficci said the problem is likely to increase in the coming years.Water demand of the industrial sector is on the rise and will account for 8.5 percent and 10.1 pc of total freshwater abstraction in 2025 and 2050, it said.

'Gold price may touch $2,000 an ounce in 2012'

Mon, 09 Jan 2012 06:39:02 GMT

Gold prices are likely to increase for the third consecutive year and would touch a record high of $2,000 an ounce in 2012, said a survey. According to the annual London Bullion Market Association (LBMA) survey, the average forecast for the precious metal for 2012 is $1,766 per ounce.

Harley-Davidson looking beyond Indian metros

Mon, 09 Jan 2012 06:33:59 GMT

Iconic bike-maker Harley-Davidson is looking beyond India's metros for growth and is eyeing smaller towns to achieve its target for 40 per cent of sales to come from outside the US by 2014.The company which has 7 dealerships, is now looking to open new ones in Kolkata, Jaipur and Kochi.

Green jobs to grow by up to 60% in 2012: Experts

Mon, 09 Jan 2012 06:30:08 GMT

With 'global warming' becoming a major concern world over, hiring of green professionals is likely to grow by up to 60 per cent this year, say experts."Companies are today taking steps to become environment-friendly and are hiring green professionals, who can help them reduce energy consumption".

Looking forward to affordable cars: Mittal

Sat, 07 Jan 2012 08:03:55 GMT

Impressed with the vehicles on display at Auto Expo 2012, the world's largest steel-maker ArcelorMittal's Chairman and CEO Lakshmi N Mittal said he expects the automobile industry to manufacture safer, cleaner and affordable cars.

Ducati brings Rs 6.99 lakh Monster bike to India

Sat, 07 Jan 2012 07:40:28 GMT

Iconic Italian mobike brand Ducati unveiled 'Monster' model M795 with a price tag of Rs 6.99 lakh at the Auto Expo 2012. The "most awaited" Monster will be available at the three dealership of the company. This urban entry level model has been developed specially for Asia.

Tata Motors to launch Nano CNG this year

Sat, 07 Jan 2012 07:32:19 GMT

Auto major Tata Motors said it plans to enter new global markets such as Thailand, Myanmar, Indonesia and Bangladesh with the 'Nano' within a year, as well as launch a CNG version of the small car in the domestic market.It plans to invest Rs 3,000 crore on capacity expansion next fiscal.

Car makers look for growth at India expo

Fri, 06 Jan 2012 10:47:18 GMT

The world's leading car makers launched new models in India at the start of the country's Auto Expo, eyeing a market that has slowed sharply but remains a hotspot compared with depressed Western economies. The exhibition has grown in stature in line with interest in the Indian economy

Bollywood adds glamour to 11th Auto Expo

Fri, 06 Jan 2012 10:42:53 GMT

The first day of the 11th Auto Expo saw some of the biggest names from the B-town including Amitabh Bachchan and John Abraham adding Bollywood glamour.Other celebrities who flew down to the capital to lend their support to their favourite brands were Ranbir Kapoor, Katrina Kaif and Farhan Akhtar.

8 global launches on the anvil at AutoExpo 2012

Thu, 05 Jan 2012 07:58:38 GMT

Auto enthusiasts can look forward to new launches and a flurry of other activities at the Auto Expo that starts in New Delhi from Thursday. The latest edition will witness 50 global brands showcasing their products. The event will witness unveiling of 24 cars by Indian and 8 by global cos.

Kingfisher mulls 2,000 job cuts, longer work-hours

Thu, 05 Jan 2012 07:51:52 GMT

In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options.The debt-ridden carrier could also abstain from any major hiring activities at least till August 2012.

Bosch to invest Rs 2,200 crore in India in next 2 years

Thu, 05 Jan 2012 07:46:52 GMT

Bosch said it will invest Rs 2,200 crore in India in the next two years to enhance its production capacity and develop new technologies for the domestic market.The company, which achieved sales of Rs 11,000 cr in 2011, said the investment is to increase focus on localising its products

Volkswagen forays into used car business in India

Wed, 04 Jan 2012 09:18:49 GMT

Volkswagen announced a foray into the Indian used car market with the launch of its 'Das WeltAuto' arm in New Delhi.VW will set up about two to three 'Das WeltAuto' showrooms in India during the first half of 2012.In 2011, the company sold 78,408 units, translating into a growth of 140 per cent.

Suzlon wins 120 MW order from US-based project

Wed, 04 Jan 2012 08:17:57 GMT

Suzlon Wind Energy Corp, the North American subsidiary of Suzlon Group, said it has bagged a contract for supplying 57 wind turbines for a project in the US.

SB a/c number portability on anvil: FinMin

Wed, 04 Jan 2012 08:13:18 GMT

The Finance Ministry is working on savings banks account number portability, which will allow a customer to retain his account number while changing his bank.The move would help customers change banks, without the need of going through the KYC norms again.

RIL divests part stake in ETV channels for 2100 cr

Wed, 04 Jan 2012 08:05:43 GMT

Reliance Industries and Network 18 group on Tuesday joined hands for a multi-layered deal worth about Rs 4,000 crore, under which the Mukesh Ambani-led corporate giant would sell a part of its interest in Eenadu TV channels and would also fund rights issues of Network 18 firms.

Bajaj unveils urban passenger vehicle RE60

Wed, 04 Jan 2012 07:26:57 GMT

Bajaj Auto on Tuesday unveiled a mini four wheeler for intra-city urban transportation targeting three wheeler customers. The company, which had in 2008 showcased a concept small car but decided not to go ahead with the project, will launch the new product named RE60 later this year.

3G roaming: Telcos not clean and suppressed facts

Tue, 03 Jan 2012 09:31:43 GMT

In a strong rebuttal to telecom operators on the issue of 3G roaming, the government has alleged that service providers have "not come with clean hands" and that they have suppressed material documents before telecom tribunal TDSAT.

Petrol prices not to be hiked this fortnight

Tue, 03 Jan 2012 09:18:35 GMT

Petrol prices will not be raised this fortnight as oil firms apparently could not get political clearance for the over Rs 2 per litre hike in rates needed to achieve parity with the imported cost on account of the weakening rupee. The govt does not want to alienate the Trinamool Congress.

RBI governor hints at soft monetary policy

Tue, 03 Jan 2012 09:10:28 GMT

Concerned over the declining growth, Reserve Bank Governor D Subbarao has indicated that the central bank could reverse the tight monetary stance adopted by it since March 2010 to tame inflation.The central bank is scheduled to announce the monetary policy review on January 24.

Sensex starts New Year on good note, gains 69 pts

Mon, 02 Jan 2012 01:03:16 GMT

Stock markets opened on a promising note on the first trading day of 2012 with the BSE benchmark Sensex gaining over 69 points in early trade.

Budget to be presented after state elections: Pranab

Mon, 02 Jan 2012 12:57:54 GMT

The Union Budget will be presented after the completion of elections in five states, but the government has not yet decided the final date of presentation, Finance Minister Pranab Mukherjee said.The general budget is usually presented on the last day of February every year.

Oil companies may hike petrol prices by Rs 2.10 - 2.13/L

Mon, 02 Jan 2012 12:43:32 GMT

Will petrol prices be hiked again today? Oil companies are likely to revise rates with a Rs 2.10 - 2.13 per litre increase in petrol price saying that it is needed because of a weakening rupee. State-owned oil companies, as per practice, revise rates of petrol on 1st and 16th of every month.

Maruti Suzuki car sales fall 7.1 pc in December

Mon, 02 Jan 2012 12:39:51 GMT

Maruti Suzuki, India's top carmaker, said sales fell 7.1 percent in December from a year earlier as the company recovers from crippling strikes and falling demand that has seen rivals eat into its market share.Indian car sales growth in the year to end-March is expected to be flat.

Rs 32-a-day poverty line had plan panel in controversy in 2011

Sun, 01 Jan 2012 08:20:21 GMT

The Planning Commission was at the centre of a big controversy in 2011 after it adopted Rs 32-a-day poverty line, inviting sharp criticism from many quarters, even as the government grappled with slowdown and high inflation throughout the year.

Yamaha Motor to expand capacity in 2012

Sun, 01 Jan 2012 08:05:31 GMT

Two-wheeler maker India Yamaha Motor Pvt Ltd announced its plans to expand its production capacity to one million units next year while closing the month with 29 percent sales growth. In 2011, the company sold 460,815 bikes as compared to 350,274 units in 2010, logging growth of around 32 per cent.

Bullion mkt ends the year with gains on firm global cues

Sun, 01 Jan 2012 07:59:52 GMT

The bullion mkt ended the year on a promising note as gold and silver gained on brisk buying by stockists and jewellers, driven by firm global trend. Gold spurted Rs 230 to Rs 27,640 per 10 grams, silver advanced Rs 850 to Rs 51,150 per kg on increased offtake by industrial units.

Tirupati temple nets Rs 1,700 crore income in 2011

Sat, 31 Dec 2011 07:11:38 GMT

The famous hill shrine of Lord Venkateswara netted a whopping Rs 1,700 crore income in 2011 during which 22 million devotees offered their worship.While about Rs 1,100 cr of income came from cash offerings by devotees and interest on investments and ticket sales fetched more than Rs 200 cr.

India's overseas investment touches $109.2 billion

Sat, 31 Dec 2011 07:05:01 GMT

India's overseas investment has increased to $109.1 billion during July-September quarter, 2011.International financial liabilities, on the other hand, also fell by $16.7 billion during July-September to $659.6 billion. Reserve assets decreased by $4.2 bn to $311.5 bn at end of the second quarter

Mercedes-Benz, BMW vie for US luxury car crown

Sat, 31 Dec 2011 06:50:45 GMT

In a first, two German manufacturers-Mercedes-Benz and BMW- are dueling for the honor of being the top luxury brand sold in the United States.

Crystal buys Hyderabad-based seeds firm

Fri, 30 Dec 2011 07:27:59 GMT

City-based Rohini Seeds was acquired by New Delhi-based agro-chemicals company Crystal Crop Protection for an undisclosed sum.

Dr Reddy's launches pain treatment cream in India

Fri, 30 Dec 2011 07:23:02 GMT

Dr. Reddy's Laboratories launched Supamove Cream for patients suffering from arthritis and joint pains after in licensing the product from US based Cymbiotics. Other brands of Dr Reddy's in the orthopedic segment include Supanac, an oral non-steroidal anti-inflammatory drug (NSAID), and Ruffy.

Food inflation plunges to six-year low of 0.42%

Fri, 30 Dec 2011 07:20:03 GMT

Food inflation fell sharply to a six-year low of 0.42 per cent in the week ended December 17 as prices of essential items like vegetables, onion, potato and wheat declined. Food inflation, as measured by Wholesale Price Index (WPI), stood at 1.81 per cent in the previous week.

Sachin buys Rs 100 cr insurance cover for dream house

Fri, 30 Dec 2011 07:14:43 GMT

Having moved into his dream house, Sachin Tendulkar has now secured his 5-storey Bandra residence with a Rs 100 crore insurance cover, one of the biggest insurance deals by an individual. The cricket icon has bought the insurance from a consortium of general insurers, according to industry sources.

BMW to unveil launch Mini at AutoExpo 2012

Thu, 29 Dec 2011 07:59:58 GMT

German luxury carmaker BMW will launch its Mini brand of compact cars at the forthcoming AutoExpo in New Delhi in January.

Mahindra to raise XUV5OO prices

Thu, 29 Dec 2011 07:57:58 GMT

Utility vehicle maker Mahindra & Mahindra Ltd said it would raise the price of XUV5OO sports utility vehicle from January 1.

Investors lose Rs 20 lakh crore in stocks this year

Thu, 29 Dec 2011 07:52:43 GMT

In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis.

RBI allows co-op banks to fix NRE deposit rates

Thu, 29 Dec 2011 07:48:57 GMT

The Reserve Bank allowed cooperative and primary urban cooperative banks to fix their interest rates on various non-resident deposit schemes.RBI issued two separate circulars addressed to primary urban cooperative banks and state and central cooperative banks.

Water most underpriced commodity: Montek Singh

Thu, 29 Dec 2011 07:34:31 GMT

Planning Commission Deputy Chairman Montek Singh Ahluwalia called for inclusion of "water balance assessment" in the the 12th Five-Year plan (2012-17).Ahluwalia told reporters that a regulatory control and better pricing are needed to ensure efficiency in use of water.

High speed train to figure in Indo-Japanese talks

Wed, 28 Dec 2011 08:07:30 GMT

India is likely to seek Japanese cooperation for introduction of a high speed train capable of travelling 300km per hour when leaders of the two countries meet here tomorrow.

'India to become 5th largest economy by 2020'

Wed, 28 Dec 2011 07:53:26 GMT

Moving past the global economic powerhouses like the UK, Germany and France, the Indian economy would become the world's fifth largest by 2020 -- a major jump from its 10th rank currently, a report has said.India was the world's 9th largest economy at the end of 2010 with $1.73 trillion

Rs 5 coins by RBI to commemorate civil aviation

Wed, 28 Dec 2011 07:47:29 GMT

The Reserve Bank of India said it will shortly circulate coins of Rs.5 denomination to commemorate 100 years of civil aviation in the country. The apex bank in a statement said the commemorative coins will be a legal tender under the provisions of the Indian Coinage Act, 1906.

Economy will return to high growth path soon: FM

Wed, 28 Dec 2011 07:42:07 GMT

Amid concerns of a slowdown, Finance Minister Pranab Mukherjee has said the Indian economy will soon revert to a higher growth trajectory.Earlier this month, the government lowered the GDP growth forecast to 7.5 per cent from its earlier estimate of 9 per cent for the current fiscal.

Aviva ties up with BillDesk

Tue, 27 Dec 2011 11:07:31 GMT

Aviva Life Insurance said it tied up with leading online payment services platform BillDesk of IndiaIdeas.com Limited for its premium payment.

Aviation industry faced huge losses, fierce competition

Mon, 26 Dec 2011 10:58:06 GMT

The Indian aviation industry faced a paradoxical situation in 2011 suffering huge losses in the face of a burgeoning domestic air traffic, as it battled high fuel costs and fierce competition while looking up to the govt for help.Air India suffered loss of Rs 6994 cr, while Kingfisher, Rs 1027 cr.

SEBI to launch toll-free helpline for investors

Mon, 26 Dec 2011 10:52:52 GMT

Market regulator SEBI would launch a toll-free helpline as part of educating investors on the securities market, Chairman U K Sinha said. SEBI would launch in association with the Central Board of Secondary Education a course curriculum on financial markets at the secondary school level.

RBI to issue Rs 500 note with Rupee symbol

Mon, 26 Dec 2011 10:43:56 GMT

The Reserve Bank will shortly issue Rs 500 notes which will have the rupee symbol. The Rs 500 notes will be of the Mahatma Gandhi-2005 Series bearing the signature of Reserve Bank of India (RBI) Governor D Subbarao and with the year of printing mentioned on the back of the banknote.

Small car in big trouble: Tata Motors recalls 1.4 lakh Nanos

Mon, 26 Dec 2011 10:36:32 GMT

In the biggest-ever replacement exercise in Indian automobile history, Tata Motors has asked an estimated 1.40 lakh Nano owners to bring back their cars for change of the starter motor free-of-cost.Vehemently denying this is a recall, it said it is changing the old starter motor with a new one.

JewelsNext targets Rs 100 cr online jewellery sales

Mon, 26 Dec 2011 07:16:00 GMT

Gems and jewellery online sales portal JewelsNext expects to sell items worth Rs 100 crore in the next 12 to 15 months, riding on the e-commerce wave in India.It offers all the major jewellery brands online, which provides customers with the option of making their purchases from one place.

Tata Communications bets big on cloud technology

Mon, 26 Dec 2011 07:12:17 GMT

Tata Communications is betting big on cloud technology to help clients increase productivity and cut costs on the back of solutions such as CRM and e-mail.With new solutions like HRM on cloud, the demand for the technology will only grow.

Self-employed committed more suicides than farmers

Mon, 26 Dec 2011 06:57:12 GMT

India may be priding itself with 'animal spirit' of its entrepreneurs, but as many as 28,152 self-employed people committed suicides, 76 per cent more than farmers' suicides, in 2010. As many as 15,968 farmers took the desperate steps.In all, 1,34,599 Indians committed suicides last year

2011: A year of debt crises, downgrades globally

Mon, 26 Dec 2011 06:48:24 GMT

From debt turmoils to downgrades, and the default risks for corporates and sovereign entities alike, a mosaic of grey shades overshadowed the global economic landscape in 2011 and the big brothers struggled to maintain even their anaemic growth rates.The US was seen facing its own set of woes.

Robust growth in telecom in 2011 amid 2G tangle

Sun, 25 Dec 2011 10:44:48 GMT

The legal tangle involving the allotment of airwaves for second generation (2G) telephony may top people's memory as far as this industry goes in 2011. But it was also another year of huge growth that saw subscriber base breach the 900-mn mark.The telecom subscribers in crossed 914 mn on Oct 31.

Mahindras sign MoU with IOB for vehicle financing

Sun, 25 Dec 2011 08:44:00 GMT

ahindra and Mahindra, part of the $14.4 billion Mahindra Group, inked an MoU with PSU Indian Overseas Bank for providing financing for a range of its vehicles.M&M Senior Vice-President (sales and customer care) Arun Malhotra exchanged documents with IOB General Manager K Subrahmanyam in Chennai.

Shanghai port is world's busiest

Sun, 25 Dec 2011 08:41:40 GMT

The Shanghai port has handled a record 30 million containers this year and is set to retain the world's busiest port title after overtaking Singapore in 2010, a media report said Saturday.

Election dates for 5 states out; 7-phase polls in UP

Sun, 25 Dec 2011 08:36:35 GMT

The Election Commission on Saturday announced poll dates for five states- Punjab, Uttarakhand, Uttar Pradesh, Goa and Manipur.While polls in four states will be single phased, the crucial Uttar Pradesh polls have been staggered in seven phases between February 4 and 28.

Sensex snaps two-week losing streak, gains 248 pts

Sun, 25 Dec 2011 08:30:23 GMT

The BSE benchmark Sensex snapped two-week losing streak and recovered 248 points on the back of bargain hunting amid a sharp fall in food inflation and the upgradation of Indian Government's long-term bonds by global credit ratings agency Moody's.

Govt to pledge assets for raising Rs 50,000-crore

Fri, 23 Dec 2011 07:48:09 GMT

Union Government plans to borrow up to Rs 50,000 crore by pledging property and shares to bridge the budget deficit, agencies reported. Shares in companies such as ITC, Larsen & Toubro and Axis Bank held by a state-controlled fund could be offered as collateral to raise the cash.

Yes Bank hikes deposit rates

Fri, 23 Dec 2011 07:44:48 GMT

Yes Bank, India’s fourth largest private sector Bank, it hiked its deposit Interest rates for resident as well as non-resident customers.

Rachnoutsav to open events academy in Hyderabad

Fri, 23 Dec 2011 07:40:20 GMT

City-based Rachnoutsav Events Private Limited (REPL), a leading event management company, is setting up events academy which will offer three different courses on event management including one on wedding planning and designing.The academy will offer these courses with an international perspective.

Food inflation fell sharply to a near four-year low of 1.81 pc

Fri, 23 Dec 2011 07:35:22 GMT

Food inflation fell sharply to a near four-year low of 1.81 per cent as on December 10 as prices of certain essential items like onion and potato dropped steeply.Experts said that if the low numbers continue for some time it may help the RBI to go for interest rate cuts in January.

Toyota recalls 41,000 units of its Etios range

Thu, 22 Dec 2011 11:59:26 GMT

Japanese car maker Toyota is recalling 41,000 units of its sedan Etios and small car Liva in India to replace faulty inlet pipe to fuel tank.The company, which is present in India through a jv with the Kirloskar Group insisted it is not a recall but a "safety campaign".

Ravi Ruia steps down as Chairman of Essar Energy

Thu, 22 Dec 2011 07:14:35 GMT

Essar Energy Chairman Ravi Ruia today announced his decision to step down from the post amid CBI claiming that Essar group suppressed facts related to its equity holding in Loop Telecom, an allegation denied by the conglomerate.Essar Group is disappointed by the stand taken by the CBI.

Auto Expo 2012 at New Delhi to see 50 global launches

Thu, 22 Dec 2011 07:06:51 GMT

As many as 50 global brands will showcase products at the 11th Auto Expo next month, although organisers have decided to restrict the number of daily visitors which could cost the show its tag as the world's second largest auto show in terms of footfalls.The expo will be opened during January 7-11.

Canvas M launches Saral Rozgar

Thu, 22 Dec 2011 07:02:13 GMT

Canvas M Technologies, Tech Mahindra’s VAS subsidiary, on Wednesday launched Saral Rozgar with Tata Docomo, which will be the first operator to offer this service pan India.

Lord Meghnad Desai joins Elara Securities board

Thu, 22 Dec 2011 06:57:06 GMT

Elara Securities said Lord Meghnad Desai, Emeritus Professor of Economics at the London School of Economics (LSE), had joined the company’s board as independent director.Mr Desai, who taught at LSE from 1965 to 2003, has written over 25 books and 200 articles in leading journals.

Toyota Kirloskar to export Etios to South Africa

Wed, 21 Dec 2011 11:49:29 GMT

Toyota Kirloskar Motor Pvt Ltd (TKM) today said that it will start exporting "Etios" series sedan and hatchback to South Africa in March 2012."We are looking at exporting 20,000 units of the Etios series annually," Hiroshi Nakagawa, Managing Director of TKM, said.

World economy at a 'very dangerous juncture': IMF chief

Wed, 21 Dec 2011 06:47:27 GMT

IMF chief Christine Lagarde warned Tuesday that the world economy is at a "very dangerous juncture," speaking of the potential impact on poorer nations during her first visit to Africa as head of the fund in Lagos.She spoke of a crisis of confidence with high unemployment and slowing global growth.

Inflation above comfort level, govt concerned: Pranab

Wed, 21 Dec 2011 06:41:59 GMT

The government said inflation, which is above comfort level, is a matter of concern and steps are being taken to address the price situation."Inflation has been above comfort level and is a matter of concern," Finance Minister Pranab Mukherjee told the Rajya Sabha in a written reply.

Three NMDC officials join Legacy Iron Ore board

Wed, 21 Dec 2011 06:34:14 GMT

NMDC's efforts to acquire a 50 percent stake in Legacy Iron Ore have got a major boost with three of its senior executives joining the Australian firm's board as directors.Legacy has also announced that it has placed 288,362,699 shares and various classes of options to NMDC.

Unity Infra bags Rs 139-cr orders

Wed, 21 Dec 2011 06:30:23 GMT

Civil contracting firm Unity Infraprojects Ltd said it bagged two orders totaling Rs. 139.29 crore. It was awarded Rs 51.09-crore order from NHAI for construction of its second office building in New Delhi. The project will be completed in 18 months.

Ranju Singh is new GM at Taj Banjara

Wed, 21 Dec 2011 06:24:52 GMT

Taj Hotels Resorts and Palaces has appointed Ranju Singh as General Manager of Taj Banjara, Hyderabad."I am delighted to be a part of the first 5 star hotel in Hyderabad - Taj Banjara. To me, the hotel is synonymous with the highest standards in hospitality,” said Mr Singh.

M&M to unveil Ssangyong's SUVs at Auto Expo

Mon, 19 Dec 2011 11:41:38 GMT

Auto major Mahindra & Mahindra will showcase its Korean subsidiary Ssangyong's vehicles for the first time in India during the upcoming Auto Expo next month, following the acquisition of the firm over a year ago. The company will showcase its sports utility vehicles Rexton and Korando.

LG to invest Rs 1,800 crore next year, up 20 pc

Mon, 19 Dec 2011 11:35:57 GMT

Korean consumer durables firm LG plans to increase its investment in India in 2012 by 20 per cent compared to this year to around Rs 1,800 crore to enhance its manufacturing capacities and marketing activities.It is also aiming for 20 per cent jump in sales in 2012 in India.

Ramky chief Rami Reddy is ‘Infra Person of the Year’

Mon, 19 Dec 2011 11:32:20 GMT

yodhya Rami Reddy, Chairman of city-based Ramky Group, was named as ‘Infra Person of the Year’ by EPC World Awards 2011.D V Sadananda Goud, Chief Minister of Karnataka, presented the award to Mr Reddy a function in Bangalore recently. The EPC World Awards are given by EPC World.

Dr Reddy's shifts focus from heart disease drug research

Mon, 19 Dec 2011 11:26:03 GMT

Drug firm Dr Reddy's Laboratories (DRL) said it has shifted focus of its drug discovery to new segments, including dermatology and pain management, from cardiac diseases and diabetes due to high costs involved for the latter.Some of the trials for CVDs required at least 30,000 patients.

Nuziveedu Seeds is 'Best BioAgri Company for 2011'

Sun, 18 Dec 2011 08:04:39 GMT

Nuziveedu Seeds Pvt. Limited (NSPL) was named as India’s best bio agri company at the 9th BioSpectrum-ABLE Company of the Year Awards, thus bagging the honour for the third consecutive year.Top-ranked companies were evaluated by performance, achievements and innovation.

Ozone signs MOU with Ansal API to open 10 clubs

Sun, 18 Dec 2011 07:52:41 GMT

Healthcare and fitness service provider Ozone Fitness n Spa said it has entered into an agreement with real estate group Ansal API to open 10 luxury fitness clubs by the end of next fiscal.The company said that all fitness clubs will be operated under the brand name 'Ozone Fitness n Spa'.

Britannia may go for 6 per cent overall price hike

Sun, 18 Dec 2011 07:41:41 GMT

Britannia Industries, India's largest biscuits and bakery company, indicated that it may raise prices of its products due to soaring distribution and raw materials costs, but the overall price hike, if it occurs, would not be more than 6 pc.The company is facing increasing distribution cost.

Govt for Rs 2.77 lakh cr investment in ports over 10 yrs

Sun, 18 Dec 2011 07:34:03 GMT

Centre proposes to invest Rs 2.77 lakh crore over 10 years to enhance the cargo handling capacity at ports to 3.13 billion tonne, from around 1 billion tonne at present.Last January, Indian ports achieved the milestone of 1 billion tonne capacity and total traffic in 2010-11 was 870 million tonne.

Tea industry to touch Rs 33K-cr mark by 2015: Assocham

Sun, 18 Dec 2011 07:25:42 GMT

The total turnover of the tea industry in India is likely to reach Rs 33,000 crore by 2015 from the current level of about Rs 19,500 crore, apex industry body Assocham said. With nearly six lakh hectares under tea cultivation, the domestic tea industry is growing at a CAGR of about 15 pc.

RBI retains interest rates, indicates cut from now on

Fri, 16 Dec 2011 02:56:25 GMT

Concerned over economic slowdown, the Reserve Bank kept interest rates unchanged and indicated that it could cut key policy rates from now onwards to arrest falling growth while keeping a close vigil on inflation.The economic growth has come down to 6.9 per cent in Q2.

Food inflation eases to nearly 4-year low of 4.35 pc

Fri, 16 Dec 2011 07:46:36 GMT

Food inflation fell to a four-year low of 4.35 per cent during the week ended December 3, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat. This is the lowest rate of food inflation since the week ended February 23, 2008, when it stood at 4.28 per cent.

SBI commences operations in Saudi Arabia

Fri, 16 Dec 2011 07:40:27 GMT

State Bank of India has commenced operations in Saudi Arabia by opening its branch in Jeddah.

Tata Motors global sales up 35 pc during November

Fri, 16 Dec 2011 07:37:17 GMT

Homegrown automaker Tata Motors posted a 35 per cent rise in its global sales for November as compared to the sales in the corresponding month a year ago. The sales included those of its luxury auto brand Jaguar Land Rover.JLR's cumulative sales grew by 19 per cent for the fiscal at 185,431 units.

VJIM holds meet on manufacturing in Hyderabad

Fri, 16 Dec 2011 07:31:10 GMT

Vignana Jyothi Institute of Management (VJIM) is organising 3-day meet on ‘Accelerating India’s Economic Growth: Is Manufacturing a Prime Driver?’ which has got underway at the campus.B R Virmani, chairman, Centre for Organisation Research and Development in Management (CORD-M) made keynote address

7Seas' The Dark Man online game bags three awards

Fri, 16 Dec 2011 07:22:53 GMT

‘The Dark Man’, an online game developed by city-based 7Seas Entertainment Limited, has bagged three awards this year. Besides, the physics-based shooting game has also gained popularity on the internet with over 10 million game plays so far. It bagged MAAC International Animation award.

Fapcci extends last date for nominations

Thu, 15 Dec 2011 07:02:14 GMT

Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has extended the last date for submission of nominations to the Fapcci Excellence Awards 2010-11 to December 31 from December 15, 2011.

IIL produces 1 billion vaccine doses

Thu, 15 Dec 2011 06:59:40 GMT

City-based Indian Immunologicals Ltd (IIL), a subsidiary of National Dairy Development Board (NDDB), said the company’s foot and mouth disease (FMD) vaccine production has crossed the one billion doses mark.

Individual wealth in India to treble by FY16 to Rs 249 trillion

Wed, 14 Dec 2011 11:27:12 GMT

The individual wealth of Indians is set to login a compounded annual growth rate of 23 percent over the next four years and touch a staggering Rs 249 trillion, says a report by Karvy Private Wealth.The wealth of Indians has grown from Rs 73 lakh crore last year to estimated Rs 86.5 lakh cr now.

Tirumala Dairy to invest Rs 6,000 cr for new plant in Guntur

Wed, 14 Dec 2011 11:19:17 GMT

Tirumala Dairy will set up an integrated dairy plant in Guntur district of Andhra Pradesh and planning to invest an estimated Rs 6,000 crore for the purpose, a top company official said.Established in 1998, Tirumala Dairy has market presence in Andhra Pradesh, Karnataka and Tamil Nadu.

Govt to open over 3,100 RRB branches

Wed, 14 Dec 2011 03:33:15 GMT

The government today said over 3,100 branches of Regional Rural Banks (RRBS) will be opened in different parts of the country in the next two years.

Small town FMCG market to grow to $80 billion: Report

Wed, 14 Dec 2011 03:27:47 GMT

India's small town demand for fast moving consumer goods (FMCG) is seen outpacing cumulative demand from the country. Demand for consumer products from four hundred small towns with a population of up to 1 million is seen touching $20 billion by 2018 and $80 billion by 2026.

Govt's options to deal with economic slowdown limited: FM

Wed, 14 Dec 2011 03:21:22 GMT

Concerned over the deteriorating global economic situation, Finance Minister Pranab Mukherjee said the government has limited options to combat the slowdown.India's GDP growth rate slowed to 6.9 per cent in the second quarter of 2011-12 from 8.4 per cent a year ago.

India's industrial output contracts by 5.1 pc in October

Tue, 13 Dec 2011 06:20:49 GMT

India's industrial output shrunk by 5.1 per cent in October after witnessing a sustained slowdown over the past few months, led by a steep fall in production of almost sectors, particularly manufacturing, mining and capital goods.Factory output had grown by 11.3 per cent in October last year.

SBI launches Qatar operations

Tue, 13 Dec 2011 06:08:51 GMT

State Bank of India, India’s largest bank, commenced operations in Qatar by opening its branch at Qatar Financial Centre in Doha. The branch is fully equipped with state of the art infrastructure.

Havells launches home appliances in Andhra Pradesh

Tue, 13 Dec 2011 06:03:11 GMT

Havells India Limited, a leading player in the lighting and fixtures segment, launched home appliances in the city. The product categories from Havells include those for food preparation, garment care, home comfort, cooking and brewing.The company would invest Rs 70 to 80 crore.

BMW Group inducts 3 Indian management trainees

Tue, 13 Dec 2011 05:59:43 GMT

German luxury carmaker BMW Group appointed three management associates from India for its Management Associates Programme (MAP) - an international programme designed for young professionals for a fast track career growth.

Mahindra 2 Whlrs unveils Duro DZ in Hyderabad

Tue, 13 Dec 2011 05:51:59 GMT

Mahindra 2 Wheelers, a part of the $14.4 billion Mahindra Group, has launched Mahindra Duro DZ – a powerful and fuel efficient 125 cc scooter, designed specifically for the challenging Indian roads – in Hyderabad. The scooter priced at Rs 44,640 (Ex Showroom).

Agri share in GDP consistently fell in past 5 decades

Mon, 12 Dec 2011 08:15:58 GMT

The share of agriculture in country's GDP has declined by almost 70 percent in the last five decades due to structural changes and more job opportunities coming up in new areas.

PowerMin for 14 pc import duty on power equipment

Mon, 12 Dec 2011 08:09:53 GMT

The government has circulated a draft cabinet note proposing imposition of 14 per cent duty on imports of power equipment, a proposal aimed at providing a level-playing field to domestic manufacturers like BHEL and Larsen & Toubro.Domestic power equipment makers were demanding the levy.

Aviation Min agrees for 26 pc FDI in private airlines

Mon, 12 Dec 2011 08:05:58 GMT

The Civil Aviation Ministry has agreed to the proposal of allowing foreign carriers to buy 26 per cent stake in private airlines, sources said. Earlier the Aviation Ministry had proposed to fix a cap of 24 per cent on foreign direct investment (FDI) by overseas carriers.

UN meet clears deal to combat global warming

Mon, 12 Dec 2011 08:02:06 GMT

UN climate talks okayed a roadmap for a 2015 accord that will, for the first time, legally force all major carbon polluters to cut greenhouse gas emissions, a landmark move that followed days of wrangling between India and the EU over the language of the new deal.

Anna Hazare top newsmaker this year: Yahoo India

Mon, 12 Dec 2011 07:54:04 GMT

It seems glamour is taking a backseat and corruption and politics have become the most sought after topics for netizens, as anti-corruption activist Anna Hazare has emerged as top newsmaker this year on search engine Yahoo India. Anna emerged clear winner in the newsmaker category for 2011.

Chinese firms to bid for Indian infra projects

Sat, 10 Dec 2011 06:19:04 GMT

With India planning to invest over USD 1 trillion in infrastructure projects in the next five years, Chinese companies are gearing up to cash in on the opportunity, a Minister in Chinese Embassy said.

Centre for panels in states to curb illegal mining

Sat, 10 Dec 2011 06:09:45 GMT

The Centre has asked all state governments to constitute high-level committees to crack down on illegal mining and intensify the drive against the menace.At present, there are not enough legal provisions for central intervention in illegal mining across the states.

RBI notifies new FDI norms for pharma sector

Sat, 10 Dec 2011 05:58:25 GMT

The Reserve Bank notified new rules doing away with automatic approval for foreign direct investment (FDI) in existing pharmaceutical companies.Tightening the norms, the government had last month done away with automatic approval of FDI in the existing pharmaceutical companies.

Mallya gives Rs 249-cr personal guarantee for Kingfisher

Sat, 10 Dec 2011 05:51:18 GMT

Kingfisher Airlines promoter Vijay Mallya has given a personal guarantee of Rs 248.97 crore, besides pledging shares as security against loans taken from various banks, Parliament was informed.United Breweries Holdings, which Mallya heads, has provided a corporate guarantee of Rs 1,601.43 crore.

Facebook's Rs 70 lakh package to IIT-Kanpur student

Sat, 10 Dec 2011 05:41:49 GMT

Social networking giant Facebook has offered about Rs 70 lakh per annum package to an IIT student here in the ongoing campus placements.Last week, Facebook had offered a similar package to a IIT-Kharagpur student. The placement process in the IIT Kanpur started on December 2.

Nissan AL to foray into passenger transport segment

Fri, 09 Dec 2011 12:55:34 GMT

Nissan Ashok Leyland Technologies Ltd, a JV between Ashok Leyland and Nissan Motors that launched LCVs for cargo transportation this September, has said it will make a foray into the passenger transport vehicle segment in the next couple of years.

Sensex tanks 334 points in opening trade

Fri, 09 Dec 2011 10:50:11 GMT

The BSE benchmark Sensex tumbled by over 334 points in opening trade on Friday, extending Thursday’s losses on concerns over slowing industrial growth and a weakening trend in the rest of Asia amid renewed worries about the euro zone debt crisis.

Facebook IPO sparks dreams of riches, adventure

Fri, 09 Dec 2011 10:39:58 GMT

Traveling to space or embarking on an expedition to excavate lost Mayan ruins are normally the stuff of adventure novels. But for employees of Facebook, these and other lavish dreams are moving closer to reality as the world's No. 1 online social network prepares for a blockbuster IPO.

Food inflation declines sharply to 6.6 pc

Thu, 08 Dec 2011 10:58:02 GMT

Food inflation fell sharply to 6.60 per cent for the week ended November 26, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat. Food inflation stood at 8 per cent in the previous week ended November 19. It was recorded at 8.93 per cent a year ago.

Bill Gates plans safer kind of nuclear reactor with China

Thu, 08 Dec 2011 06:43:09 GMT

Microsoft co-founder Bill Gates confirmed he is in discussions with China to jointly develop a new and safer kind of nuclear reactor.

SKS to raise Rs 500 crore through QIP route this fiscal

Thu, 08 Dec 2011 06:38:09 GMT

SKS Microfinance, the only listed micro lender, today said it would raise Rs 500 crore through qualified institutional placement ( QIP) route in the current fiscal.The company's board had given its approval for raising upto Rs 900 crore.It will offer gold loans from 50 branches this fiscal

Coal India lowers its production target to at least 440 MT

Thu, 08 Dec 2011 06:32:34 GMT

Coal India (CIL) said it has lowered its production target for the ongoing financial year to at least 440 million tonnes (MT) from the estimate of 452 MT in its annual plan.The chairman cited various reasons like heavy rainfall, strike and delays in the grant of clearances.

Rolls-Royce returns to the city of Nizams, opens dealership

Thu, 08 Dec 2011 06:20:08 GMT

Rolls-Royce Motor Cars appointed its delear for Hyderabad, marking its return to the historic city of Hyderabad where the Nizam had once owned a fleet of over 50 super luxury cars. The ultra luxury carmaker launched Ghost Extended Wheelbase model in the city.

Citigroup to axe 4,500 jobs in coming mths: Vikram Pandit

Wed, 07 Dec 2011 04:06:49 GMT

Citigroup Chief Executive Vikram Pandit has announced 4,500 jobs cuts worldwide in the coming months as the US financial major seeks to trim costs in a bleak global economic environment.The job cuts will begin this quarter and be completed "over the next few quarters" across a range of businesses

India's mobile subscriber base at 873.61 mn in Sept

Tue, 06 Dec 2011 08:54:59 GMT

Indian telecom service providers added 7.9 million new subscribers in September, taking the total number of wireless users in the country to 873.61 million, according to telecom regulator Trai.The number of wireline subscribers fell to 33.3 million in September from 34.07 million in August

Home Ministry clears $6 billion Cairn-Vedanta deal

Tue, 06 Dec 2011 08:48:50 GMT

Home Ministry has cleared British oil firm Cairn Energy's $6 billion deal to sell a stake in its Indian business to Vedanta Resources in the final government approval needed, a source with direct knowledge of the matter.The Ministry also highlighted eight areas of concern.

Fapcci delegation visits Iran

Tue, 06 Dec 2011 08:46:30 GMT

A delegation of Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) led by its president V S Raju visited Iran for two days from November 23.

IT industry body ITsAP celebrates 20th anniversary

Tue, 06 Dec 2011 08:41:50 GMT

The IT & ITES Industry Association of Andhra Pradesh (ITsAP) celebrated its 20th anniversary. Ponnala Lakshmaiah, Minister for Information Technology and Communication, was chief guest at the celebrations which included a cultural evening by the associates of all its member companies.

MAN Industries gets Rs. 515-cr orders

Tue, 06 Dec 2011 08:39:48 GMT

MAN Industries (India) Limited, a leading pipe manufacturing firm, on Monday received export orders worth about Rs. 515 crore from international client for supply of large diameter pipes for oil and gas sector.

Toyota to hike prices by up to 3 pc from January 1

Mon, 05 Dec 2011 11:34:38 GMT

Toyota Kirloskar Motor will raise the prices of entire range of locally-produced vehicles by up to three per cent, one of its steepest rate hikes, from January 1 due to the weakening of rupee against the yen.The company will increase the prices of all vehicles manufactured in India.

'FDI in multi-brand retail can create about 80 lakh jobs'

Sun, 04 Dec 2011 11:14:22 GMT

Foreign direct investment in fast-growing retail sector will "significantly" boost hiring activities and has the potential to create about 80 lakh jobs in the country, feel experts.Ma Foi Randstad's MD and CEO E Balaji also believes FDI in retail will give a big boost to hiring activity.

FDI: Farmers, consumers support; traders oppose

Sun, 04 Dec 2011 11:07:17 GMT

A majority of consumers and farmers, surveyed by industry body Assocham, have supported the government decision to allow FDI in multi-brand retail, while 80 percent traders opposed the move. The chamber surveyed over 2,000 people including farmers, consumers and traders across 10 major cities.

Mahindra to reopen XUV500 bookings from Janaury

Sat, 03 Dec 2011 12:56:30 GMT

Auto major Mahindra & Mahindra said it will reopen bookings of its latest sports utility vehicle XUV500 from January 2012.The company had stopped taking new orders from customers since October 11 after it received over 8,000 bookings of the vehicle within just 10 days of launch.

CBI chargesheets Gali in illegal mining case

Sat, 03 Dec 2011 12:46:26 GMT

The Central Bureau of Investigation (CBI) on Saturday formally filed charges in illegal mining case involving Obulapuram Mining Company (OMC) owned by former Karnataka minister G. Janardhana Reddy. It filed its charge sheet in the special court dealing with CBI cases.

Little-known Thane firm buys Mafatlal brand Sungrace

Sat, 03 Dec 2011 12:42:20 GMT

Leading textiles manufacturer Mafatlal Industries has sold its defunct apparel brand Sungrace Mafatlal to Meuse Garb for an undisclosed amount, the Thane-based company said in the UAE..

Facebook to hire 'thousands' over next year

Sat, 03 Dec 2011 12:36:35 GMT

Facebook has said it plans to hire thousands of employees over the next year and add an engineering team to its office in New York.Facebook, which has more than 800 million members and is expected to go public next year, currently employs some 3,000 people

FM asks allies, opponents to let states decide on retail FDI

Fri, 02 Dec 2011 12:46:59 GMT

In a clear message to allies and opponents, Finance Minister Pranab Mukherjee on Friday asked them not to stand in the way of states wanting to implement FDI in retail and said efforts are on to work out an acceptable motion to face a Parliamentary vote.

Ramky Infra bags Rs 2,240-cr NHAI projects

Fri, 02 Dec 2011 12:40:03 GMT

Ramky Infrastructure Limited, the flagship of the Ramky Group was awarded two major projects under the National Highways Development Project (NHDP).The first is the six laning of Agra - Etawah Bypass section of NH-2 in Uttar Pradesh to be executed as BOT (Toll) basis.

SmartPlay inaugurates 70-seat design centre in Hyd

Fri, 02 Dec 2011 12:35:01 GMT

SmartPlay Technologies, a US-based provider of digital, analog, wireless software system design services, opened its 70-seater design centre in Hyderabad, with plans to grow the headcount here by 100 per cent in the coming year.SmartPlay currently has design centres in the US and India.

Maruti Suzuki to launch SUVs, MUVs

Fri, 02 Dec 2011 12:02:18 GMT

Maruti Suzuki India will launch new vehicles in the sports utility and multi utility segment to regain 50 per cent market share by 2015.Maruti, which is a 54.2 per cent owned subsidiary of Japanese carmaker Suzuki Motor Corp, would develop these vehicles with the parent company.

Venkatesh Roddam to be CEO of RMW's M&E biz

Thu, 01 Dec 2011 06:31:59 GMT

Reliance MediaWorks Ltd has partnered with VenSat Tech Services Pvt. Ltd. to expand its VFX, CG and Animation capabilities and create a studio in Chennai that will cater to the growing needs of the Media & Entertainment industry.

FDI in India to deepen economic cooperation with us: US

Thu, 01 Dec 2011 07:13:05 GMT

Welcoming the decision of the Indian government to allow foreign direct investment in the multi-brand retail sector, the United States said that it will "deepen" the India-US economic co-operation.

41 pc food & beverage biz to hike prices: Survey

Thu, 01 Dec 2011 06:57:40 GMT

Household budget may make a larger hole in the pockets of Indian consumers in the coming months, as an estimated 41 per cent of food and beverages businesses are looking to hike their prices over the next one year, a survey has said. In 2010, the percentage was just 12.

Airlines cancel 267 of 1910 slotted winter flights: Govt

Thu, 01 Dec 2011 06:35:11 GMT

As many as 267 of over 1900 flights approved for this winter season have been cancelled, including 175 by Kingfisher Airlines, forcing aviation regulator DGCA to annul the slots alloted to the air carriers, Lok Sabha was informed.Kingfisher cancelled 175 out of 418 flights.

GDP growth to moderate to 7-7.5 pc in FY12: Montek

Thu, 01 Dec 2011 06:26:52 GMT

Attributing the decline in second quarter GDP to slowdown in investment, the Plan panel said the economy would rebound during January-March but the growth rate this fiscal would be 7-7.5 per cent.The economy grew by 8.5 per cent in 2010-11. The growth rate in the current fiscal to be 7.6 per cent.

Economic growth dips to 6.9 pc in Q2, at 7.3 pc in first half

Thu, 01 Dec 2011 06:20:03 GMT

trengthening the indications of an economic slowdown, India's GDP grew by just 6.9 per cent in the second quarter this fiscal in comparison to 8.4 per cent expansion in the same period last year due to poor performance of the manufacturing, agriculture and mining sectors.

Maruti Suzuki wins National Safety Award

Wed, 30 Nov 2011 07:04:17 GMT

Maruti Suzuki India Limited has won National Safety Award for the year 2009, in the accident free category of the automobile manufacturers.

FDI decision taken after lot of consideration: PM

Tue, 29 Nov 2011 10:08:53 GMT

Virtually rejecting demands from within UPA and outside for rollback of FDI in retail, Manmohan Singh on Tuesday justified the decision as a well considered move and attacked Opposition for not allowing Parliament to function. He said there was no compulsion on states to implement the decision.

DMK MP Kanimozhi released from Tihar

Tue, 29 Nov 2011 10:03:21 GMT

DMK MP Kanimozhi walked free out of Tihar Jail after spending 193 days following her arrest in 2G spectrum allocation case and repeated denial of bail that had ignited a debate over bail jurisprudence in the country.The 43-year old Ms. Kanimozhi was whisked away in a convoy of cars

Sibal to meet telcos to resolve 3G roaming dispute

Tue, 29 Nov 2011 09:57:16 GMT

Telecom Minister Kapil Sibal will soon meet telecom industry leaders to work out an amicable resolution to the dispute between the govt and service providers over a 3G roaming pact.The issue pertains to the pact among major service providers, including Bharti Airtel.

Petrol in India costlier than in US, neighbours

Tue, 29 Nov 2011 09:44:40 GMT

Petrol in India is costlier than in its neighbouring countries and in the US, primarily because of high taxes. Petrol in Delhi now costs Rs 66.42 per litre as against Rs 44.88 a litre price in the US, Minister of State for Petroleum and Natural Gas R P N Singh said.

US state Maryland, AP sign sister state agreement

Tue, 29 Nov 2011 07:25:15 GMT

Maryland, a state located in the mid-Atlantic region of the US, and Andhra Pradesh on Monday signed a sister state agreement which envisages cooperation in various fields.The US state will be signing a similar agreement with the Maharashtra Government on November 30.

Inflation could decline to 7 pc by March: Rangarajan

Tue, 29 Nov 2011 07:10:03 GMT

Chairman of the Prime Minister's Economic Advisory Council (PMEAC) C Rangarajan said inflation could decline to 7 pc by the end of the current fiscal on account of good monsoon this year.He was of the view that with another good monsoon, inflation may come down further to 6 pc next fiscal.

GVK Bio inks multi-year drug discovery collaboration

Tue, 29 Nov 2011 06:56:33 GMT

City-based GVK Biosciences (GVK Bio), Asia's leading drug discovery research & development organization, said that it had entered into a drug discovery alliance with the Moulder Center for Drug Discovery Research (MCDDR) at Temple University.It will be responsible for the target validation.

New Cos. Bill may retain contentious provisions

Mon, 28 Nov 2011 05:25:10 GMT

The government is likely to retain various contentious provisions in the new Companies Bill, like fixed term for independent directors and rotation of auditors every five years, despite concerns raised by industry

High forex losses may haunt India Inc again in Q3

Mon, 28 Nov 2011 05:20:36 GMT

India Inc is gearing up for another bolt from the falling value of rupee on their quarterly report card, after forex losses knocked down a significant part of their profits in the second quarter.Since January, the rupee has plunged by about 18 per cent from near 44-level against the US dollar.

FIIs cut exposure in 19 Sensex cos in July-Sept quarter

Mon, 28 Nov 2011 05:13:39 GMT

Overseas investors have scaled down their exposure in 19 Sensex companies, including RIL, Tata Motors and SBI, during the second quarter amid rising concerns of economic slowdown and weakening of the rupee.Market analysts attributed the decline to macro economic conditions and weakening rupee.

Government will not allow mining in tribal areas

Mon, 28 Nov 2011 05:04:53 GMT

The Centre would not give permission for mining activities in tribal areas in the country, Union Minister of Tribal Welfare and Panchayat Raj V Kishore Chandra Suryanarayana Deo said.He said that it is compulsory to conduct Gram Sabhas to pass any resolution to take up any work in tribal areas.

Home products giant IKEA to announce Indian retail plans

Mon, 28 Nov 2011 04:56:47 GMT

Scandinavian home products giant IKEA that has stayed away from the Indian retail sector saying it will do so only on its own, is set to announce its plans for the market with the government allowing 100 per cent FDI in single-brand retail.Details of IKEA's plans, however, could not be ascertained.

Airlines seek PM's intervention to face aviation crisis

Sat, 26 Nov 2011 03:54:32 GMT

Cash-strapped Indian airlines sought Prime Minister Manmohan Singh's intervention to help them face the "bad operating climate" and come out of the deep financial crisis.Top bosses of the Indian carriers met the Prime Minister for about an hour and suggested measures.

IMImobile to expand its Africa operations

Sat, 26 Nov 2011 12:03:34 GMT

IMImobile, the city-based mobile data technology company, is expanding its Africa operations by chasing outsourcing contracts with telcos like Bharti Airtel, Millicom International, MTN and Ecotel who all have a major presence in the dark continent.The company is in talks with all four carriers.

RBI deregulates interest on savings accounts in UCBs

Fri, 25 Nov 2011 11:59:10 GMT

The Reserve Bank deregulated interest rate on savings accounts in Urban Co-operative Banks (UCBs), a move that will fetch better returns for depositors. RBI had freed savings bank deposit rate for the scheduled commercial banks last month.It freed this for the RRB earlier this week.

Mobile internet, e-commerce to lead trend: Google

Fri, 25 Nov 2011 11:53:48 GMT

Internet on mobile phones and e-commerce are set to lead the trend in the IT sector, Google India MD Rajan Anandan said.He identified trends such as mobile internet, social networking, e-commerce and internet video as being the most important trends for any technology company to take advantage of.

FDI in retail to create 10 million jobs over 3 years

Fri, 25 Nov 2011 11:45:05 GMT

Commerce Minister, Anand Sharma sought to allay fears on the allowance of 51 per cent Foreign Direct Investment (FDI) in multi-brand retail. According to him FDI in retail will not only help farmers but also create jobs.Anand Sharma said that the government's new policy would create 10 million jobs.

Cabinet clears FDI in multi-brand retail

Fri, 25 Nov 2011 07:11:07 GMT

Pushing a major reform, the government allowed 51 per cent foreign investment in the multi-brand retail, paving way for global chains like WalMart, Carrefour and Tesco to open mega stores in 53 major cities.The decision is a game-changer for Rs 29.50 lakh crore retail market.

Companies Bill cleared, to be taken up in this session

Fri, 25 Nov 2011 07:05:09 GMT

Cabinet pproved the Companies Bill, 2011, which aims to update corporate laws in the country and introduce modern concepts like mandatory CSR and class action suits. Intended to replace the existing half-a-century-old Companies Act, the Bill has undergone several modifications.

RBI approves extension of Air India loan tenures

Fri, 25 Nov 2011 06:59:21 GMT

Cash-strapped Air India got a boost with the Reserve Bank of India approving extension of its loan tenures from 10 to 15 years. “Yes, the RBI has cleared our loan restructuring proposal on Thursday,” an Air India official said. He said the extension of the loan tenures was to 15 years from 10 years.

Food inflation falls to 9.01 pc despite price rise

Fri, 25 Nov 2011 06:54:52 GMT

Food inflation fell sharply to single digit at 9.01 per cent for the week ended November 12 even as prices of most agricultural items, barring potatoes, onions and wheat, continued to rise, on an annual basis.Food inflation was 10.63 per cent in the previous week.

Nano production at less than 50 pc of capacity: Tata Motors

Thu, 24 Nov 2011 09:14:04 GMT

Tata Motors, maker of the world's cheapest car Nano, is producing it at less than half of the annual installed capacity of 2.5 lakh units, a senior company official said.Tata Motors is introducing more fuel efficient models to buck the industry trend of sagging sales, owing to high fuel costs.

From construction to Tata, Mistry's new journey begins

Thu, 24 Nov 2011 09:05:33 GMT

Come December 2012, 43-year-old Cyrus Pallonji Mistry will don a new hat, when he succeeds Ratan Tata as the chairman of Tata Sons, the holding company of over $80-billion Tata Group.From leading the $2.5 billion Shapoorji Pallonji Group, Mistry will be catapulted to a much bigger role.

Cyrus Mistry appointed as Ratan Tata's successor

Wed, 23 Nov 2011 11:46:31 GMT

Tata Sons on Wednesday appointed Cyrus Mistry as deputy chairman, who will take over from Ratan Tata when he retires in December 2012. Cyrus is the younger son of Pallonji Mistry, the largest individual shareholder in Tata Sons. Currently, Cyrus is the Managing Director of Shapoorji Pallonji Group

SKS founder chairman Vikram Akula resigns

Wed, 23 Nov 2011 11:41:27 GMT

Founder and chairman of the only listed microfinance institution SKS Microfinance Vikram Akula on Wednesday resigned from the board with immediate effect in the wake of huge losses suffered by the city-based firm.The company has appointed P H Ravi Kumar as the interim non-executive chairman.

Rupee falls to record low of Rs 52.50 per US dollar

Tue, 22 Nov 2011 10:47:38 GMT

The Indian rupee depreciated by 35 paise to a lifetime low of Rs52.50 per US dollar in early trade on the Interbank Foreign Exchange today on sustained demand for the American currency from banks and importers.Dollar gains against other currencies overseas also put pressure on the Indian rupee.

RBI hints at more monetary action to curb inflation

Tue, 22 Nov 2011 10:41:10 GMT

RBI Governor D Subbarao did not rule out further monetary action to curb inflation. He said monetary steps may be warranted in the face of sustained rise in food prices.It has raised rates 13 times since March 2010, but it recently hinted at pause in rate hikes in the December policy.

OilMin seeks additional cash subsidy of Rs 56,600 cr

Tue, 22 Nov 2011 10:36:38 GMT

The Petroleum Ministry wants Rs 56,600 crore more in cash subsidy to partially compensate the state-owned oil firms for losses they incur on selling fuel below cost.The subsidy sought is over and above the Rs 30,000 crore assistance already promised by the Finance Ministry.

General Motors, Toyota mull price hike as rupee falls

Tue, 22 Nov 2011 10:28:51 GMT

Hit by the depreciating rupee, auto companies, including General Motors India and Toyota Kirloskar Motor, are mulling hike in prices to offset the rising cost of component imports.He said commodity prices have also been increasing, adding to the burden on auto firms.

Now, foreign investors warn against 'policy paralysis'

Sun, 20 Nov 2011 09:04:00 GMT

After corporate leaders, leading foreign investors, rating agencies and research firms have raised the red flag over the notion about 'policy paralysis' and a slow pace of economic reforms in the country.The experts have asked the government to immediately gear up.

The world's smallest car, the size of a molecule!

Sun, 20 Nov 2011 08:57:26 GMT

Scientists have created what they claim is the world's smallest car -- the size of which is a single molecule, making it invisible to the human eye. A team at the University of Groningen in the Netherlands says that it has four wheels and a bare-bones internal framework.

Dr Reddy's seeks denotification of SEZ at Medak

Sun, 20 Nov 2011 08:48:20 GMT

Pharma major Dr Reddy's Laboratories has requested the government to denotify its Special Economic Zone (SEZ) at Medak in Andhra Pradesh.The formulations unit, which was to come up at Medak, will now be moved to Visakhapatnam where the company has another SEZ.

2G case: CBI searches Bharti Airtel, Vodafone offices

Sat, 19 Nov 2011 11:19:11 GMT

The CBI on Saturday carried out searches at the Vodafone office in Mumbai and Airtel office in Gurgaon after registering a case against ex-Telecom Secretary Shyamal Ghosh and the two telecom service providers for alleged irregularities in spectrum allocation during tenure of Pramod Mahajan.

Jaguar Land Rover to assemble more car models in India

Sat, 19 Nov 2011 11:08:27 GMT

Tatas-owned Jaguar Land Rover is evaluating options to assemble more models in India, including the Jaguar cars, as it aims at garnering about 20 per cent share of the luxury segment."If there is a business case, we will consider assembling more models, even including the Jaguar cars," JLR said.

Kingfisher to restore its normal flight schedule in 3-4 mths

Sat, 19 Nov 2011 11:04:06 GMT

Cash-strapped Kingfisher Airlines, which has drastically reduced its services for the past one week, today said it would normalize the entire flight schedule in the next three to four months.DGCA had asked the Kingfisher top brass to explain the reasons behind continued flight cancellations.

Indian dairy industry to touch Rs 5 lakh crore by 2015

Fri, 18 Nov 2011 11:03:45 GMT

The value of the Indian dairy industry is expected to touch Rs 5 lakh crore by 2015, with milk output pegged at 190 million tonnes at the end of the period, industry chamber Assocham said.the Indian dairy industry is growing at the rate of 10 per cent per annum, the Assocham study said.

Govt to stick to Rs 40k crore disinvestment target

Fri, 18 Nov 2011 10:41:46 GMT

The government said it will stick to its disinvestment target of Rs 40,000 crore for the 2011-12 financial year, but achieving this goal will hinge on many other factors.Seven months of the ongoing fiscal are over, but the govt was able to raise just Rs 1,145 crore so far.

SKS will face Rs 337 cr risk in case of no recovery in AP

Fri, 18 Nov 2011 10:29:53 GMT

SKS Microfinance, which is facing rough weather after the promulgation of Andhra Pradesh government's Microfinance Act last year, on Friday said it would be left with a net residual risk of Rs 337 crore in case of zero recovery of loans in the state.It had to write off some outstanding loans.

RBI to issue Rs 1,000, Rs 10 notes with rupee symbol

Fri, 18 Nov 2011 10:22:22 GMT

The Reserve Bank said it will shortly issue Rs 1,000 and Rs 10 notes incorporating the rupee symbol, which was approved last year. The Indian rupee got an unique symbol -- a blend of the Devanagri 'Ra' and Roman 'R' -- last year joining elite currencies like the US dollar and euro.

Govt may allow QFIs direct entry into stock market

Fri, 18 Nov 2011 06:55:17 GMT

The govt is mulling over whether to allow Qualified Foreign Investors (QFIs) to directly buy equities in the stock market, a move aimed at further liberalisation of the Indian capital market."We are seriously considering allowing QFIs to invest directly in the stock market," an official said.

BSE to suspend trading in 22 stocks for non-compliance

Fri, 18 Nov 2011 06:49:50 GMT

The BSE on said that it has decided to suspend trading in shares of 22 companies for varying periods, due to their non-compliance to the listing agreement clauses. A listed company is required to comply with various clauses of the agreement, failing which their trading is liable for suspension.

Fapcci organises workshop on LLP

Fri, 18 Nov 2011 06:44:51 GMT

Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) in association with Union Ministry of Corporate Affairs (MCA), ICAI, ICWAI and ICSI has organized a workshop on ‘Limited liability partnerships–appropriate vehicle for SMEs’.

SBI launches MoneyGram International services

Fri, 18 Nov 2011 06:40:31 GMT

State Bank of India (SBI) joined hands with money transfer services company MoneyGram International and the latter’s principal agent Thomas Cook (India) Ltd (TCIL) to provide in-bound money services across the bank’s key branches. Initially, the services will be made available at 100 branches.

DGCA warning to airlines on mounting fares

Thu, 17 Nov 2011 11:01:45 GMT

With airfares mounting in the last couple of weeks primarily due to cancellation of Kingfisher flights, aviation regulator DGCA on Thursday warned airlines not to raise air ticket prices beyond a given range.Crisis-hit Kingfisher has cancelled over 200 flights since last week.

Food inflation at 10.63 pc for week ended Nov 5

Thu, 17 Nov 2011 10:56:06 GMT

Food inflation eased to 10.63 per cent for the week ended November 5 even as prices of agricultural items, barring onions and wheat, continued to rise on an annual basis. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 11.81 per cent in the previous week ended October 29.

Fapcci invites nominations for excellence awards

Thu, 17 Nov 2011 11:43:20 GMT

Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) is inviting nominations for the Fapcci excellence awards for the year 2010-11. It is offering 21 awards under various categories this year.FAPCCI instituted the awards 30 years ago to foster excellence in industries.

Cebbco gets BHEL order

Thu, 17 Nov 2011 11:41:47 GMT

Commercial Engineers & Body Builders Company Limited (Cebbco), which builds bodies for vehicles, has bagged Rs 1.98-crore order from BHEL. This is a trial order for supply of boiler ducts and general fabricated structure, which is to be delivered in five months.

Bharti AXA Life unveils two Ulips

Thu, 17 Nov 2011 11:39:45 GMT

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, launched two new plans - Bharti AXA Life Future Invest, a limited pay plan focused on wealth creation and Bharti AXA Life Power Kid Insurance Plan, a unit linked child plan.

International Partnership Summit in Hyderabad in Jan 2012

Wed, 16 Nov 2011 11:02:25 GMT

The city will play host to an international partnership summit from January 11 to 13, 2012, focused on attracting investment.The theme of the summit, being held in Hyderabad after a gap of nine years, will be New Age Innovation Partnership, with a focus on attracting investments into key sectors.

Skoda India launches Rapid, priced up to Rs 9.19 lakh

Wed, 16 Nov 2011 10:39:01 GMT

Czech carmaker Skoda launched its mid-sized sedan Rapid in India priced between Rs 6.75 lakh and Rs 9.19 lakh (ex-showroom Delhi). It expects the Rapid to become its best-selling car in the country, surpassing compact car Fabia's numbers.

Centre to award Rs 15,680 crore projects in a month

Wed, 16 Nov 2011 10:30:48 GMT

The Road, Transport and Highways Ministry would award 15 road projects worth Rs 15,680 crore, which got Cabinet approval on Wednesday, in a month.The government had admitted that land acquisition hurdles were delaying some road projects.

India-S Africa to sign preferential trade pact soon

Wed, 16 Nov 2011 08:13:10 GMT

India and South Africa agreed to finalise soon the preferential trade agreement which aims at reducing tariffs and boosting trade between the countries.

Debt-burdened Gati scouts for partner, to demerge shipping

Wed, 16 Nov 2011 08:05:13 GMT

Weighed down by mounting debt, city-based logistics major Gati is scouting for a strategic partner for its profit-making express cargo division. The company is also on the verge of demerging its bleeding shipping division and handing it over to an overseas company.

Kingfisher Airlines has not sought govt bailout: Mallya

Wed, 16 Nov 2011 07:43:49 GMT

Battling financial crisis, Kingfisher Airlines Chairman Vijay Mallya said he has not asked for a bailout from the government but wants the lenders to help with Rs 700-800 crore working capital as short-term need and interest concessions. "We have not asked for a concession", he said.

Petrol price reduced by Rs 2.46 in Hyderabad

Wed, 16 Nov 2011 07:30:58 GMT

Petrol price was slashed by Rs 2.22 a litre, the first reduction in 33 months. Petrol in New Delhi will cost Rs 66.42 per litre with effect from midnight tonight as against Rs 68.64 a litre now.The price cut in Chennai was Rs 2.35 per litre, whereas it was Rs 2.46 in Hyderabad.

IT in India will grow in double digits in FY12: Nasscom

Wed, 16 Nov 2011 07:25:43 GMT

IT industry body Nasscom maintained its projection of 16-18 per cent growth for the sector this fiscal notwithstanding the economic uncertainty in the US and European markets.The US and European region account for over 85 per cent of the revenues of the over $70 billion Indian IT sector.

Coke, partners to invest $2 billion in India over 5 years

Tue, 15 Nov 2011 08:51:16 GMT

In one of its single biggest investments, beverage major Coca Cola and its partners will invest $2 billion (around Rs 10,000 crore) over the next five years to enhance its operations in India and set up a new plant.India is one of the most important growth markets for Coca Cola.

Inflation inches up to 9.73 pc in October

Tue, 15 Nov 2011 08:42:41 GMT

Headline inflation hovered stubbornly near the double-digit mark in October, rising marginally to 9.73 per cent as prices of food products, fuel and manufactured goods put more pressure on the common man's pocket and major sectors of the economy.Inflation stood at 9.72 per cent in September.

Bankers ask Kingfisher to infuse Rs 800 cr fresh equity

Tue, 15 Nov 2011 08:09:33 GMT

Bankers to the cash-strapped Kingfisher airline today asked its promoters to infuse Rs 800 cr worth of fresh equity if they are to consider a second restructuring of existing debt, as opposition mounted to any bailout of the private carrier.The lenders are to meet Kingfisher management on Tuesday.

Fresh oil subsidies could aggravate inflation: PM

Mon, 14 Nov 2011 07:48:01 GMT

Prime Minister Manmohan Singh has said that any fresh subsidies for oil marketing companies to bring down fuel prices would only increase the government's budgetary burden, which eventually could aggravate the inflationary pressures even further.

India Inc seeks new governance, end to policy paralysis

Mon, 14 Nov 2011 07:40:45 GMT

Asking the government to dispel notions of policy paralysis, India Inc said it should evolve a new model of governance to meet the growing expectations of the people and guard against any protectionist measures globally. It sought concrete steps to safeguard the country's capital flows.

Kingfisher flight cancellations hit leisure, corporate travel

Mon, 14 Nov 2011 07:35:28 GMT

Leisure travel in India is taking a blow thanks to the series of flight cancellations in the peak season by troubled carrier Kingfisher Airlines, with tour operators claiming fares have gone up by as much as 100 per cent in the last few days. Industry for a robust aviation policy.

Airlines could suffer Rs 15,000 cr loss this fiscal: Assocham

Mon, 14 Nov 2011 07:29:33 GMT

Pitching for opening of the domestic airlines for foreign investment, industry body Assocham today warned that the airlines could suffer a loss of Rs 15,000 crore this fiscal with Air India accounting for half of it.The chamber said taxes must be reduced on the jet fuel to make the airlines viable.

Kingfisher seeks Govt bailout amid more chaos

Sat, 12 Nov 2011 08:51:23 GMT

Beleaguered Kingfisher Airlines sought government help for a bailout on a day when its shares crashed to a record low amid continuing debt fears, as it cancelled more flights for the fifth straight day with 40 flights being withdrawn.Its owner Vijay Mallya requested Government for help.

IIP slips to 2-year low of 1.9 pc during September

Sat, 12 Nov 2011 08:34:05 GMT

Reflecting slowdown, industrial production slipped to a disappointing two-year low of 1.9 per cent in September, a development that may prompt RBI to halt rate hikes in its policy review next month.The Index of Industrial Production (IIP) was 6.1 per cent in the corresponding month last year.

Food inflation falls to 11.81 pc for week ended Oct 29

Sat, 12 Nov 2011 08:20:36 GMT

Food inflation declined marginally to 11.81 per cent in the week ended October 29, but the slight moderation in the rate of price rise provided little respite to consumers burdened by high prices of essential kitchen staples like vegetables and pulses. It stood at 12.21 per cent earlier.

Luxury carmaker Rolls-Royce recalls Ghost models in India

Sat, 12 Nov 2011 07:42:43 GMT

Global iconic luxury car maker Rolls-Royce said the Indian market will also be covered by its recent recall of 'Ghost' model for a possible fire hazard. The company, however, did not specify the exact number of cars that would be recalled in India, saying they do not give out numbers as a policy.

Kingfisher faces more turbulence as debt mounts

Fri, 11 Nov 2011 09:06:07 GMT

Cash-strapped Kingfisher Airlines got into more turbulence on Thursday by cancelling over 30 flights for the fourth consecutive day even as some pilots and cabin crew did not turn up for duty by reporting sick.Thousands of passengers were inconvenienced by the cancellation of flights.

GVK Power profit slides 11 pc to Rs 37.92 cr in Jul-Sept

Fri, 11 Nov 2011 08:58:20 GMT

GVK Power and Infrastructure's profit slumped 11 pc to Rs 37.92 crore in the three months to September 2011. The entity's profit after tax after minority interest declined from Rs 42.81 crore in the 2011 September quarter.The company saw a significant decline in net sales.

Mahindra Satyam net up10-fold Rs 238 cr in Q2

Thu, 10 Nov 2011 10:50:23 GMT

City-based IT major Mahindra Satyam on Thursday posted a 10-fold growth in profit-after-tax to Rs 238 crore for the second quarter of the 2011-12 financial year. The company's profit-after-tax stood at Rs 23.31 crore in the July-September quarter of the 2010-11 fiscal.

Slowdown effect: Hyundai shelves new diesel engine plant

Thu, 10 Nov 2011 10:42:16 GMT

The slowdown in the Indian automotive market has resulted in its first major casualty, with the country's second largest car-maker Hyundai Motor shelving a plan to set up a diesel engine manufacturing plant at an investment of Rs 400 crore.It cited sluggish demand as the reason for the demand.

TCS arm wins $2.2 billion deal from Friends Life UK

Thu, 10 Nov 2011 07:16:02 GMT

TCS' UK-based subsidiary Diligenta has announced a deal with insurance and pension company Friends Life UK to service 3.2 million policies, the software major said. The deal, effective from March 1, 2012, is worth $2.2 billion, and is valid for over 15 years, it said

Dhanlaxmi Bank wins InformationWeek EDGE Award 2011

Thu, 10 Nov 2011 07:10:24 GMT

Dhanlaxmi Bank, one of India’s fastest growing mid-size private sector banks, has won the InformationWeek EDGE Award 2011 for using information technology to transform its technology infrastructure and maximize business impact.

US voices concern over protectionist trade trends in India

Thu, 10 Nov 2011 06:42:19 GMT

The United States has urged India to open its market for clean technologies, especially in the area of solar energy, saying openness and competition would benefit both countries. US Under Secretary Sanchez voiced his concern over the trend in India towards mandating local production.

NPCIL, NALCO enter JV to set up atomic power plants

Thu, 10 Nov 2011 06:35:02 GMT

India's sole nuclear operator NPCIL entered into a joint venture agreement with aluminium major NALCO for setting up nuclear power plants across the country.The agreement was signed by S K Jain, CMD, Nuclear Power Corporation of India Limited, and B L Bagra, CMD, NALCO.

India plans to add 2000 MW solar power capacity by FY13

Wed, 09 Nov 2011 10:51:10 GMT

India looks to have two gigawatts (GW) of solar power generation capacity by March 2013, according to Dr Bharat Bhargava, director at the ministry of new and renewable energy (MNRE).He said 400 megawatts (MW) of solar power would be added this fiscal.

SBI net up at Rs. 2,810 cr, beats guidance

Wed, 09 Nov 2011 12:18:16 GMT

The State Bank of India (SBI) has posted a net profit of Rs. 2810.43 crore for the quarter ended September 30, 2011 whereas the same was at Rs. 2,501.37 crore for the quarter ended September 30, 2010. The bank has beaten the expectations of analysts.

Slowdown visible as tax mop-up down, exports drop

Tue, 08 Nov 2011 11:43:59 GMT

Under impact of domestic demand compression and declining growth in exports, India's industrial economy is showing signs of slowdown, as evident from initial data on tax collection and export shipments released on Tuesday.Eurozone crisis has begun biting the exports growth.

Oil companies net loss at over Rs 8,000 cr in Q2

Tue, 08 Nov 2011 11:35:29 GMT

State-owned fuel retailers, which last week raised petrol price by Rs 1.80 per litre, reported a net loss of over Rs 8,000 crore in second quarter and are borrowing heavily to even buy crude oil. HPCL last week posted a net loss of Rs 3,364.48 cr in the Q2 while BPCL's net loss at Rs 3,229.27 crore.

IPO norms for life insurers to be notified soon:IRDA

Tue, 08 Nov 2011 11:16:55 GMT

The much-delayed guidelines for the initial public offerings (IPOs) of life insurance companies are expected to be notified soon."The guidelines framed by us are also approved by the SEBI. They will be notified in the Gazette by the Government within days", said Mr J Hari Narayan, Chairman,IRDA.

3-day Solarcon India 2011 event in Hyderabad from Nov 9

Tue, 08 Nov 2011 11:02:22 GMT

Solarcon India 2011 comprises an exhibition, a conference and parallel technical events. The theme for this year’s exposition, representing the widening solar value chain in India, is “Showcasing the Solar Eco-System: From Polysilicon to Power Plants”. It features more than 70 speakers.

FDI dips 16.5 pc to $1.76 bn in September

Sun, 06 Nov 2011 11:57:33 GMT

Reflecting fragile recovery in the world''s major economies, foreign direct investment into India dipped 16.5 per cent to $1.76 billion in September. In comparison, the country had attracted FDI worth $2.11 billion in the same month last year.

India could be a future market for ‘flying car’, says maker

Sun, 06 Nov 2011 11:41:24 GMT

A US-based company which has designed and tested a ‘flying car’,is looking at India, Brazil and China as the future markets.Carl Dietrich, co-founder of Terrafugia, a US company which has developed a ‘roadable aircraft’, said the company would launch the product at the end of the next year.

Women biz traveller enjoy work trips more than men

Sun, 06 Nov 2011 11:31:56 GMT

Why should men have all the fun? Contrary to common belief that men enjoy more in business trips, a study has found that 94 per cent of female employees in India prefer work-related travel while most of them make the best use of it to wrap up personal works as well.90% said they enjoy travelling.

Top seven firms lose over Rs 28k-cr in their market cap

Sun, 06 Nov 2011 11:11:31 GMT

Seven of the top 10 Indian companies have lost more than Rs 28,000 crore in their market capitalisation in just a week's time, and Coal India was the hardest hit with a loss of over Rs 7,000 crore.The seven companies witnessed drop of Rs 28,960 cr in their valuations amid a weak market.

Satyam founder Raju, two others released from jail

Sun, 06 Nov 2011 10:56:29 GMT

B Ramalinga Raju, the prime accused in multi-crore Satyam Computers accounting scam case, was released today from a local prison after the Supreme Court granted him and two others bail. Mr Ramalinga Raju's brother Mr B Rama Raju and Satyam's former CFO Vadlamani Srinivas were also released.

Ramalinga Raju, 2 others granted bail in Satyam scam

Fri, 04 Nov 2011 01:59:32 GMT

The Supreme Court Friday granted bail to erstwhile Satyam Computers Services Ltd founder-chairman B. Ramalinga Raju, his brother B. Rama Raju and staffer V. Srinivas.An apex court bench said from the facts of the case, it was appropriate to grant them bail.

Liquor consumption to cross 1,900 cr liter by 2015

Wed, 02 Nov 2011 11:24:05 GMT

Registering a robust growth of about 30 per cent on a Year-on-Year basis, alcohol consumption in India will cross 19,000 million litres by 2015 from the current level of 6,700 million litres, industry body ASSOCHAM said. The alcoholic beverages market will cross the Rs 1.4 lakh crore-mark in 2015

Andhra Bank's Q2 net up four pc at Rs 316 crore

Wed, 02 Nov 2011 10:33:57 GMT

Andhra Bank on Wednesday reported a marginal rise of 4 per cent in net profit at Rs 316 crore for the quarter ended September 30 on account of higher provisioning for NPAs.The total income of the bank rose to Rs 2,960.32 crore for the quarter against Rs 2,132.33 crore the previous year.

InterGlobe brings Atom cars in India, price upto Rs 85 lakh

Wed, 02 Nov 2011 10:25:43 GMT

Diversified business house InterGlobe Enterprises today said it has launched British sportscar maker Ariel Motor's Atom range of cars in India, priced up to Rs 85 lakh. InterGlobe Established, a subsidiary of InterGlobe Enterprises, will be responsible for Ariel Motor's products in India.

'Indian mobile handsets demand to reach 350mn by 2020'

Wed, 02 Nov 2011 10:19:18 GMT

Demand of mobile handsets in the country is expected to reach 350 million units per annum by 2020, says a study by industry body FICCI with market analyst firm Ernst and Young (E&Y).At present, Indian mobile handset market is estimated to be in around 130 million handsets per annum.

India's loss due to cable piracy at $1.4 bn for 2011

Tue, 01 Nov 2011 10:53:04 GMT

India will account for $1.4 billion out of a loss of over $2.1 billion that the Asia Pacific region is estimated to witness in 2011 due to piracy, according to CASBAA. Terming piracy as a major concern for the Asia Pacific region, CASBAA said a lack of market transparency resulted in big losses.

Automakers post modest sales; strike hits Maruti hard

Tue, 01 Nov 2011 10:39:06 GMT

Maruti Suzuki posted a 53.25 per cent decline in October sales as the recent labour unrest took a heavy toll on the India’s largest carmaker. However, other automakers reported marginal rise in the sales during the month.Maruti sold just 55,595 units in October,2011 versus 1,18,908 units last year.

Mobile tariffs may fall as Trai for zero termination charge

Tue, 01 Nov 2011 10:32:16 GMT

In a development that would bring mobile telephone tariffs further down, telecom regulator Trai has suggested doing away with termination charges in a phased manner over the next three years.Termination charges are a levy paid by one operator to another.

Divis Laboratories Q2 net up 45 pc at Rs 106-cr

Tue, 01 Nov 2011 10:27:57 GMT

City-based Divis Laboratories posted a net profit of Rs. 106.05 crore for the quarter ended September 30, 2011, up 45 per cent from Rs. 72.96 crore net in the corresponding quarter a year ago.Total income increased from Rs. 262.81 crore to Rs 376.82 crore.

Fapcci's seminar on asset valuation

Tue, 01 Nov 2011 10:23:46 GMT

New Delhi-based Institution of Valuers in association with Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is organizing a seminar on ‘Valuation of assets – present scenario” on November 7, 2011 at Federation House, Red Hills, Hyderabad.

Kotak Mahindra, Evercore in pact

Tue, 01 Nov 2011 10:21:00 GMT

Kotak Mahindra Capital Company Limited, a subsidiary of Kotak Mahindra Bank Limited, and New York-based Evercore Partners signed a strategic alliance for cross-border M&A advisory services between India and the United States, the United Kingdom and Mexico.

Bank of Baroda Q2 net profit up 14.4 pc at Rs 1166 cr

Mon, 31 Oct 2011 12:36:01 GMT

Bank of Baroda reported net profit of Rs 1,166 crore for quarter ended September 2011 up 14.4 per cent, as compared to Rs 1,019 crore in the same period a year ago.

Wipro Q2 profit beats forecast at Rs 1,301 crore

Mon, 31 Oct 2011 12:30:54 GMT

Wipro Ltd on Monday posted a 1 per cent rise in quarterly profit, beating street estimates, helped by a weaker rupee and rise in spending on outsourcing by overseas clients.Wipro forecast third-quarter revenue of $ 1.50 billion to $ 1.53 billion from its IT services unit

Diwali bonanza: Investors become richer by Rs 2.66 lakh cr

Sun, 30 Oct 2011 10:38:56 GMT

Defying domestic negative issues, both the key indices, Sensex and Nifty, logged their biggest weekly gains in absolute terms in more than two years during the week under review after European leaders reached a plan to resolve debt problems.Investors were richer by Rs 1.5-lakh crore on Friday.

Bollywood thrilled about F1, Lady Gaga

Sat, 29 Oct 2011 11:00:26 GMT

As India hosts its first motor racing extravaganza, Formula One, the B-Town celebrities are getting all ready to sizzle for the event.The Indian Grand Prix will see pop star Lady Gaga performing this Sunday."Now off to Delhi for formula1 and lady gaga show!!," Shah Rukh Khan wrote on twitter.

Nokia's prototype phone that can bend, twist

Sat, 29 Oct 2011 10:51:50 GMT

Nokia has unveiled a flexible OLED smartphone concept 'the Kinetic' - which is capable of physically bending and twisting. To zoom in and out of photos the phone must be twisted in and out, while another outward twist takes the user back to the menu, reports Discovery News.

Maruti Suzuki Q2 net falls 60 pc at Rs 249 cr

Sat, 29 Oct 2011 10:43:03 GMT

The country's largest car-maker Maruti Suzuki India today reported 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of labour unrest.The company's board, meanwhile, has approved to purchase land in Gujarat.

Google to continue with its acquisitions

Thu, 27 Oct 2011 10:03:40 GMT

Internet giant Google Inc has spent more than $ 500 million for as many as 54 acquisitions and asset purchases so far in 2011 to expand into new markets and expects its current pace of takeovers to continue.

Colgate Palmolive to set up Rs 200-cr plant in Gujarat

Thu, 27 Oct 2011 09:59:21 GMT

Oral and dental hygiene products manufacturer Colgate Palmolive has decided to set up a greenfield facility at an upcoming industrial estate in Sanand near here with an estimated investment of Rs 200 crore.The industrial estate is being developed by state-run GIDC.

Caterham Cars makes India entry; priced upto Rs 90 lakh

Thu, 27 Oct 2011 09:49:53 GMT

British motorsports brand Caterham Cars is entering India with the Burmans, promoters of FMCG company Dabur, at the helm of the operations here.The company will start selling its Caterham Seven, built- to-order models priced ranging from Rs 28 lakh up to Rs 90 lakh by the first half of next year.

Food inflation soars to over 6-month high of 11.43 pc

Thu, 27 Oct 2011 09:43:23 GMT

Food inflation soared to over 6-month high of 11.43 per cent for the week ended October 15, as prices of vegetables, fruits and milk went through the roof, hitting the common man.While the vegetables became 25 per cent costlier on an annual basis, fruits grew dearer by 11.96 per cent.

Nokia eyes 50 pc market share in India by 2012

Thu, 27 Oct 2011 09:35:54 GMT

Finnish mobile handset maker Nokia on Thursday said it is targeting over 50 per cent market share in India on the back of innovative products, services and content within 2012.The company is banking on its newly unveiled mid-end phones from the 'Asha' series priced between Rs 4,100 and Rs 8,000.

India's richest lose wealth to inflation, scandals

Thu, 27 Oct 2011 06:14:24 GMT

India's richest are losing wealth due to inflation and corruption scandals, according to Forbes magazine, which says that the combined wealth of the country''s 100 wealthiest is down 20 per cent from a year ago.The total wealth of the country's 100 richest fell to $241 billion.

Rajat Gupta surrenders, arrested

Wed, 26 Oct 2011 06:58:13 GMT

Former Goldman Sachs board member Rajat Gupta on Wednesday surrendered to federal authorities to face criminal charges stemming from a massive hedge fund insider trading case, according to agency reports. He quit as ISB chairman on these charges earlier.

Muhurat trading disappoints markets

Wed, 26 Oct 2011 06:50:59 GMT

The Muhurat trading of Samvat 2068 took the sheen off the stock markets. The Bombay Stock Exchange's Sensex pared most of intraday gains on Muhurat trading of Samvat 2068 and closed on a flat note with positive bias.

Dr Reddy's Q2 up 7.31 pc at Rs 307 cr

Wed, 26 Oct 2011 06:34:38 GMT

Riding on higher high sales growth in North America and Russia, city-based drug major Dr Reddy's Laboratories on Tuesday posted 7.31 per cent growth in consolidated net profit at Rs 307.80 crore for the second quarter ended September 30, 2011.

Dr. Reddy’s launches generic Zyprexa in US

Tue, 25 Oct 2011 10:50:25 GMT

Teva Pharmaceutical Industries Ltd and Dr. Reddy’s Laboratories announced on Tuesday the commercial launch of Olanzapine Tablets, the generic version of Eli Lilly’s Zyprexa. Annual sales of Zyprexa were approximately $3.2 billion in the United States as of September 2011, as per IMS sales data.

RBI hikes interest rates by 25 bps; frees savings bank rate

Tue, 25 Oct 2011 01:49:32 GMT

The Reserve Bank of India chose to continue with its tight monetary stance and raised interest rates by 25 basis points, 13th time since March, 2010, to tame inflation, even as it lowered the growth target to 7.6 pc for the current fiscal.RBI also deregulated savings bank deposit rates.

SBI launches 'Indian Coast Guard Salary Package'

Tue, 25 Oct 2011 06:05:51 GMT

SBI has launched a new product, Indian Coast Guard Salary Package (ICGSP), which offers a bundle of free/concessional banking services to the officers and enrolled personnel of the Indian Coast Guard.

Volkswagen likely to surpass Toyota as biggest carmaker

Tue, 25 Oct 2011 05:56:02 GMT

Volkswagen AG will probably become the world's biggest carmaker this year, vaulting past Toyota and General Motors on gains in emerging markets. The German company's sales, third among carmakers in 2010, will probably rise 13 per cent to 8.1 million vehicles this year,

Rate hike likely as inflation remains high, RBI says

Mon, 24 Oct 2011 10:29:22 GMT

In its review released ahead of the mid-year monetary policy announcement, the Reserve Bank of India said that the growth in 2011-12 would be less than its earlier projection of 8 per cent, on account of various global factors.The survey lowered FY’12 GDP growth rate to 7.6 per cent.

Astellas Pharma renews GVK Bio's Gostar services

Mon, 24 Oct 2011 04:16:20 GMT

GVK Biosciences (GVK Bio), Asia’s leading drug discovery research & development organization, on Monday Astellas Pharma Inc extended and renewed its license to the GVK Bio SAR Databases (Gostar).Gostar is an online scientific database product of GVK Bio.

CII signs MoU with UAE's industrial zone

Mon, 24 Oct 2011 07:05:12 GMT

Industry body CII has signed an agreement with Abu Dhabi Ports Company to work in support of Khalifa Industrial Zone Abu Dhabi (Kizad).

NSE to launch SME Exchange soon

Mon, 24 Oct 2011 06:54:44 GMT

The National Stock Exchange (NSE) is planning to operationalise the proposed SME Exchange in the next few months after getting the approval from the regulator last week."We may start the proposed SME Exchange in the next few months," says NSE official.

Google Plus user base crosses 40 million mark

Mon, 24 Oct 2011 06:40:22 GMT

Internet firm Google's online social networking service 'Google Plus' has crossed 40 million users mark since its launch in June.Interestingly, rival Facebook Inc took three years to reach the 25 million users mark and crossed the over 50 million active users mark in October, 2007.

A 380 makes emergency landing at Shamshabad airport

Sun, 23 Oct 2011 06:04:52 GMT

An Airbus A-380, charmed as the world’s biggest steel bird, did an emergency landing at Rajiv Gandhi International Airport on Sunday morning.The A-380, owned by airline operator, Emirates, was bound for Dubai from Bangkok.

Rupee down 27 paise at Rs 50.07 per US dollar

Fri, 21 Oct 2011 10:59:35 GMT

The Indian rupee plummeted by 27 paise to a fresh 28-month low of Rs 50.07 per US dollar in early trade on the Interbank Foreign Exchange on Friday as the American currency firmed up against its Asian rivals amid a lower opening in the domestic equity market.

ICICI Securities launches Target Investment Plan

Fri, 21 Oct 2011 10:54:08 GMT

ICICI Securities launched ‘Target Investment Plan (TIP)’ on its online broking platform, ICICIdirect (www.icicidirect.com). This unique service would help investors take a goal-oriented approach to investing in mutual funds.

Reliance MediaWorks to manage Annapurna Studios

Fri, 21 Oct 2011 10:38:54 GMT

Reliance MediaWorks Limited, India’s fastest growing film and entertainment services company , has partnered with city-based Annapurna Studios to manage and operate their studio facility, including the digital post production unit.Spread across 22 acres, it has added 5 new studios recently.

Maruti relieved as strike called off at Manesar plant

Fri, 21 Oct 2011 10:17:07 GMT

The 14-day-long strike at Maruti Suzuki India's Manesar plant has been called off this morning following a tripartite agreement between the management, workers and the Haryana Government.The management has agreed to take back 64 permanent workers.

Online shopping to touch Rs 2800 cr in festive season

Thu, 20 Oct 2011 06:53:09 GMT

Online shopping industry may touch Rs 2,800 crore during the ongoing festive season on rising sales of consumer electronics and other products, an Assocham survey has said. In 2010, the e-shopping sector stood at Rs 2,000 crore, it added.

Panasonic launches Toughbook, priced below Rs 1 lakh

Tue, 18 Oct 2011 03:18:55 GMT

Consumer electronics gaint Panasonic on Tuesday unveiled its all-new range of Toughbooks for businesses in India. The launch was held at the Panasonic Experience Centre in Mumbai, showcasing the applications and benefits of Toughbook for different industry segments.

UTI Mastershare bullish on large banks, energy stocks

Tue, 18 Oct 2011 03:04:35 GMT

The Rs 2,462-crore open-ended UTI Mastershare Unit Scheme, which has the distinction of being India’s first equity oriented mutual fund scheme, is largely concentrating on companies with a large market capitalization.Energy stocks follow financial services companies in the portfolio pickings.

BMW to launch Mini in India next year

Tue, 18 Oct 2011 02:55:18 GMT

German auto major BMW said it will launch the small luxury car, Mini, in India by next year at a price that is expected to be above Rs 25 lakh. The company also said it will set up separate showrooms for the brand and aims to have up to 12 dealerships across the country.

Fapcci meet on investments in RAK

Tue, 18 Oct 2011 02:51:43 GMT

Ras Al Khaimah Investment Authority (RAKIA) in association with the Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) is holding an interactive session on “Bilateral trade and investment opportunities in RAK, UAE” in the city on October 20.

NABH signs deals with 3M India

Tue, 18 Oct 2011 02:46:04 GMT

National Accreditation Board for Hospitals & Healthcare Providers (NABH), a constituent board of Quality Council of India and 3M India Ltd (Indian arm of 3M Corporation), on Monday signed a Memorandum of Understanding (MoU) to promote best practices and standards in hospitals

Occupy Wall Street reaches 1-month birthday

Tue, 18 Oct 2011 02:37:48 GMT

The month-old Occupy Wall Street movement is still growing, with nearly $300,000 in the bank and the satisfaction of drawing attention to what it calls the financial elite's overly dominant influence on society.For the most part, the US protest action remained loosely organized.

HCL Tech Q1 net up 50 pc at Rs 496.7 crore

Tue, 18 Oct 2011 02:31:35 GMT

HCL Technologies, India's fourth largest software services firm on Tuesday posted a 50 per cent year-on-year jump in net profit to Rs 496.7 crore for the first quarter ended September 30, 2011. HCL said net profit stood at Rs 331.1 crore in the July-September quarter of 2010.

Gitanjali Gems to open 60-65 stores in 2nd half of FY12

Mon, 17 Oct 2011 12:12:42 GMT

Gitanjali Gems, which has been expanding aggressively in the large and mid-tier cities, plans to open 60-65 stores largely in smaller towns in the second half of the current fiscal year betting on rising income levels and brand consciousness in these areas. It added 111 stores in the first half.

Reliance Industries net profit up 15.8 pc to Rs 5,703 cr

Mon, 17 Oct 2011 11:42:05 GMT

Reliance Industries Ltd (RIL) reported nearly 16 per cent rise in net profit for the second quarter this fiscal as higher earnings from oil refining and petrochemicals business helped it offset a dip in natural gas production.

Maruti's Manesar plant resumes partial production, strike on

Mon, 17 Oct 2011 11:36:08 GMT

The strike at Maruti Suzuki India's (MSI) Manesar plant entered its 11th day on Monday, with workers protesting outside the factory premises, but the company said it has resumed partial production at the plant.The company also said production at its main plant at Gurgaon has been resumed.

Meru Corporate Program launched in Hyderabad

Mon, 17 Oct 2011 10:15:38 GMT

Meru Cabs, India’s favourite and largest radio cab service provider, has launched "Meru Corporate Program” in Hyderabad. The newly launched service will cater to corporate clientele in Hyderabad, taking care of all their intra-city travel requirements.

Indian designers unfazed by Hermes sari plans

Mon, 17 Oct 2011 10:09:13 GMT

With French luxury brand Hermes launching a limited edition sari range, designers in India feel this will bring healthy competition in the market. They believe it will open the doors for extra creativity and experimentation.Hermes India had opened its first store in India in 2008.

L&T Insurance unveils health plan

Thu, 13 Oct 2011 10:54:57 GMT

L&T Insurance on Thursday forayed into health insurance by launching its first health insurance product – my:health Medisure Prime Insurance plan, targeted at both individuals as well as families.

Hyundai launches its small car Eon, priced at Rs 2.69 lakh

Thu, 13 Oct 2011 10:48:24 GMT

Even as the India’s largest carmaker Maruti Suzuki is battling with perennial labour unrests, its nearest rival Hyundai has upped the ante to challenge its dominance in the Indian automotive market by launching Eon small car, a competitor to Maruti’s bestseller Alto.

HCL launches tablet PC at Rs 10,490

Thu, 13 Oct 2011 10:38:55 GMT

HCL Infosystems has launched its seven-inch tablet X1, priced at Rs 10,490, in the Indian market. Based on the Android 2.3 operating system (OS), the X1 features a 1 GHz processor, 512 MB storage capacity with internal memory of 4 GB,a 2 megapixel front camera and supports full HD video and Flash.

Centre gives R 1,700-crore Diwali gift for exporters

Thu, 13 Oct 2011 10:30:13 GMT

Government on Thursday announced a Rs 900-crore package for exporters giving a total Diwali bonanza of Rs 1,700 crore, as a pre-emptive move to cushion Indian exports from slowdown in western economies.The Reserve Bank has already notified interest subsidy of two percent for handicrafts.

Poultry industry to cross Rs 1.32 lakh cr by 2015

Thu, 13 Oct 2011 10:19:28 GMT

With demand surging for broiler meat and eggs, India's poultry sales are likely to be over Rs 1.32 lakh crore by 2015, industry body Assocham said. Growing at about 20 per cent annually, the domestic poultry market is estimated to be about Rs 49,000 crore.

GHIAL plans more intl cargo flights from Hyderabad airport

Wed, 12 Oct 2011 10:09:44 GMT

GMR Hyderabad International Airport Limited (GHIAL), which runs the Rajiv Gandhi International Airport in the city, is in talks with five international freight carriers to start operations from here, a top executive of GHIAL said.

Microsoft launches Windows Phone 7.5 in India

Wed, 12 Oct 2011 10:05:41 GMT

Microsoft India on Wednesday launched its latest version of windows phone operating system in the country -- the Windows Phone 7.5.The firm also announced the launch of a smartphone in partnership with handset manufacturer HTC, named HTC Radar, which is based on the new operating system.

BMW launches new 6 Series coupe

Wed, 12 Oct 2011 10:02:14 GMT

The new BMW 6 Series Coupe, which has starred in the Hollywood movie, Mission Impossible: Ghost Protocol, is available for sale in India now.

Mahesh Bank holds training for new staff

Wed, 12 Oct 2011 09:59:31 GMT

City-based Mahesh Bank is conducting a week-long induction training programme for the newly recruited clerks at its staff training college in the city. B Limba Reddy, Asst Commissioner of Police, Goshamahal Division has inaugurated the programme on Wednesday.

Maruti strike continues for sixth day, production hit

Wed, 12 Oct 2011 09:55:50 GMT

The strike at the country's largest car manufacturer Maruti Suzuki's Manesar plant in Haryana continued for the sixth day Wednesday as the stand-off between agitating workers and the management showed no signs of easing."The situation still remains the same," a company official here said.

Volkswagen sells 58,820 cars till Sept in 2011

Wed, 12 Oct 2011 09:46:28 GMT

German carmaker Volkswagen on Wednesday said it sold 58,820 units in India during January-September period this year.Though the automaker has seven offerings in its portfolio, only two models – Volkswagen Vento sedan and Polo hatchback – are driving its sales in the country.

Infosys Q2 net up 9.72 pc at Rs 1,906 cr

Wed, 12 Oct 2011 07:49:29 GMT

IT bellwether Infosys on Wednesday reported a 9.72 per cent growth in its consolidated net profit to Rs 1,906 crore for the second quarter ended September 30. The company had posted a net profit of Rs 1,737 crore for the September quarter of the previous fiscal (2010-11)

Jindal Aluminium to set up Rs 500cr foil plant

Wed, 12 Oct 2011 09:11:32 GMT

Jindal Aluminium will invest Rs 500 crore to set up a factory for making foils and sheets near its existing extrusion facility in Bangalore.The company, promoted by S R Jindal, younger brother of O P Jindal, has already acquired 50 acres of land and has placed orders for plant and machinery.

Strike at Maruti enters 5th day, production stalled

Wed, 12 Oct 2011 06:48:19 GMT

The strike by workers at the Manesar plant of Maruti Suzuki India (MSI) entered its fifth day today and with no signs of an end to the stalemate, the management said its overall production will be lower than yesterday, reports PTI.The strike at Suzuki Powertrain India (SPIL)also continued.

Labour shortage, wage hike hits Indian industry hard: Ficci

Sun, 09 Oct 2011 04:45:12 GMT

Government's flagship rural job guarantee scheme, MGNREGA, has led to labour shortages for the industry resulting in increased wage costs and hampering production, Ficci said on Sunday.

Toshali Resorts to invest Rs 115 crore on new projects

Sun, 09 Oct 2011 04:41:03 GMT

Hospitality company Toshali Resorts International today said it will invest over Rs 115 crore in the next three years in new projects and may sell about 20 per cent stake to raise funds to finance the expansion.

Govt to provide subsidised cloud computing to SMEs

Sun, 09 Oct 2011 04:32:54 GMT

Government will provide liberal subsidy to small and medium enterprises (SMEs) for using modern IT tools like cloud computing and improving their performance.The Ministry of MSME has "almost finalised the scheme in which we will give liberal subsidy to industry associations".

Spices export up 26 pc during April-August 2011

Sun, 09 Oct 2011 04:25:41 GMT

Spices exports in value terms rose by 26 per cent to Rs 3,365.20 crore in April-August this fiscal on the back of increased realisation from cardamom (small and large) and ginger.The volume of shipments, however, fell by 23 per cent to 1.95 lakh tonnes in the same period.

Govt mulls regulatory body to curb misleading ads

Sun, 09 Oct 2011 04:18:33 GMT

With rising number of complaints from consumers about misleading ads, the government is considering setting up a regulatory body to curb such advertisements on television and print media. The Ministry of Consumer Affairs formed a committee to consider all the possibilities to deal misleading ads.

India Inc snaps up expats, hiring jumps 20 pc

Sun, 09 Oct 2011 04:06:23 GMT

As the Western economies continue to remain in deep freeze, more and more foreigners, mostly from the US and Europe are looking at India for jobs, a trend that has seen up to 20 per cent spurt this year,according to head-hunters.There are 40,000 expats working in the country today.

Titan Raga signs Katrina as brand ambassador

Sun, 09 Oct 2011 04:02:27 GMT

Leading watch brand Titan on Friday said it signed bollywood Katrina Kaif as the brand ambassador for its women’s watch brand, Titan Raga.

Mahindra Satyam launches Mobile Client

Sat, 08 Oct 2011 03:57:55 GMT

City-based IT company Mahindra Satyam on Friday released its Mobile Client for Oracle's Agile Product Lifecycle Management (PLM) at Oracle OpenWorld 2011 in San Francisco.This newest solution offers clients the capability to manage product data via their favorite personal mobile device.

Tata Motors to launch Manza in South Africa

Fri, 07 Oct 2011 04:13:19 GMT

Automaker Tata Motors has showcased its Manza sedan and Prima range of world trucks at the Johannesburg International Motor Show in South Africa as it plans to launch these vehicles in the country early next year.

Apple unveils faster, more powerful iPhone

Thu, 06 Oct 2011 09:10:49 GMT

Apple Inc unveiled a faster, more powerful iPhone in its first major product event in years without Steve Jobs presiding. New CEO Tim Cook led the show after Jobs, who has been battling health problems, resigned from the post in August.

India launches world's cheapest tablet PC at Rs 2,276

Thu, 06 Oct 2011 09:05:13 GMT

The world's cheapest tablet PC, costing Rs 2,276, was launched today and it will be available at around half this price to students as part of government's programme to expand education through information technology.The tablet PC, named Aakash, will cost the government Rs 2,276.

Rolls-Royce launches new Ghost sedan variant

Thu, 06 Oct 2011 08:55:36 GMT

Ultra-luxury car-maker Rolls-Royce Motor Cars launched a new variant of its Ghost model at a starting price of Rs 3.05 crore to tap the growing luxury car market in the country. The Ghost Extended Wheelbase is powered by a 6.6 litre petrol engine and will be available in the market soon.

India Post ties-up with MoneyGram International

Wed, 05 Oct 2011 08:57:42 GMT

India Post, the largest distribution postal network in the world, and MoneyGram International, the fastest growing global money transfer company, have joined hands for faster money transfer.

Moody's downgrades SBI over Tier-I capital ratio, NPAs

Wed, 05 Oct 2011 08:45:27 GMT

Global ratings firm Moody's on Tuesday donwgraded its rating of State Bank of India's (SBI) financial strength by one notch to 'D+' on account of the lender's low Tier-I capital ratio and deteriorating asset quality. The standalone rating for ICICI Bank, HDFC Bank and Axis Bank, stands at 'C-'.

DLF to invest Rs 200cr to set up 250 skill training centres

Tue, 04 Oct 2011 11:16:03 GMT

DLF Foundation, the corporate social responsibility arm of the country's largest realty firm DLF , on Tuesday said it will invest Rs 200 crore to establish 250 centres for skill training of one million unemployed youth.These centres would come up under flagship programme DLF LIFE.

India to be in top 10 e-commerce hubs by 2015: eBay

Tue, 04 Oct 2011 11:08:52 GMT

India will be among the top 10 e-commerce hubs in the world by 2015, eBay India Head (Partnerships and Pop Culture) Deepa Thomas said on Tuesday.She said though India is witnessing many changes in 3G and broadband, there are issues with connectivity.

India to conclude FTA with EU this year: Anand Sharma

Tue, 04 Oct 2011 11:00:19 GMT

India on Tuesday said it is looking to conclude the proposed comprehensive free trade pact with the European Union (EU) this year, as the negotiations are in advanced stage with the 27-nation bloc.The free trade pact would involve slashing of duties on over 90 pc of the trade.

Google again ranked most attractive employer

Tue, 04 Oct 2011 09:02:51 GMT

Google has been ranked as the best company to work for by management and engineering graduates in two separate surveys, which term the company the world's "most attractive employer" of 2011. According to the survey by global employer branding firm Universum,Google has been ranked at the top.

Sanjeev Kapoor offers franchise opportunity

Tue, 04 Oct 2011 08:57:44 GMT

Sanjeev Kapoor announced a special opportunity open only to women entrepreneurs to become a franchisee of his rapidly growing chain of restaurants. Already with some 25 restaurants in over 12 cities across 3 countries Chef Kapoor’s restaurant venture is looking for a huge scale up.

Ford India sales Increase 35 pc in 2011

Sat, 01 Oct 2011 10:46:57 GMT

Despite challenging market conditions, Ford India sales have increased by 35 per cent so far this year. Earlier last month, the company broke ground for its new plant in Sanand, Gujarat. Ford India sold 90,612 wholesale and export vehicles from January to September 2011.

Wipro wins development partner award from Microsoft

Sat, 01 Oct 2011 10:34:20 GMT

Wipro Technologies announced it has won the 2011 Microsoft Software Development Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions.

Maruti Suzuki sales down nearly 21 pc in September

Sat, 01 Oct 2011 10:26:19 GMT

The country's largest car maker Maruti Suzuki reported a 20.8 per cent decline in sales for September to 85,565 units due to labour unrest at its Manesar plant that severely affected production. the company had sold 1,08,006 units in the same month last year, Maruti said in a statement.

India's forex reserves slump by $4.29 billion

Sat, 01 Oct 2011 10:18:34 GMT

India's foreign exchange (forex) reserves slumped by $4.29 billion to $316.49 billion for the week ended Sep 9 after rising to an all-time high of $320.78 billion in the previous week. Foreign currency assets dropped sharply for the second consecutive week.

Food inflation up to 9.13 pc for week ended Sep 17

Fri, 30 Sep 2011 08:44:46 GMT

Food inflation jumped to 9.13 per cent for the week ended September 17 from 8.84 per cent in the previous week, mainly due to a rise in prices of potatoes, pulses and poultry. Finance Minister Pranab Mukherjee termed the rise in food inflation as an area of 'grave concern'.

Anil Ambani says exploring setting up 'Reliance Bank'

Wed, 28 Sep 2011 11:20:53 GMT

Industrialist Anil Ambani on Tuesday said that his group's financial services arm Reliance Capital will explore all possible opportunities to enter the banking sector and plans to unlock value in all its major businesses. The banking entity of the group could be called Reliance Bank.

Nissan India targets three-fold growth in sales

Wed, 28 Sep 2011 11:13:59 GMT

apanese car manufacturer Nissan targets over three-fold growth in sales in India in 2011."Nissan India sold 13,000 cars in 2010. In 2011, we are aiming to sell 40,000 cars", Nissan India Managing Director Kiminobu Tokuyama said.The capacity of the Chennai plant would be doubled.

Apple expected to unveil new iPhone next week

Wed, 28 Sep 2011 11:06:05 GMT

Apple Inc looks set next week to unveil its much-awaited new iPhone, which analysts say will have a bigger screen and work better with remote computing services.The new iPhone would be the first major product launch under Tim Cook, who took over as CEO after co-founder Steve Jobs resigned.

Brio: Honda's small car launched, priced from Rs 3.95 lakh

Tue, 27 Sep 2011 10:00:30 GMT

Honda announced its foray into the highly competitive low-price compact car segment in India with the launch of its Brio model, priced between Rs 3.95 lakh and Rs 5.1 lakh (ex-showroom, Delhi).The Brio will compete with the likes of the Hyundai i10, Maruti WagonR and Chevrolet Beat.

India's long term growth story intact: Pranab Mukherjee

Tue, 27 Sep 2011 08:38:47 GMT

India's long term growth remains intact, although it has been affected in the short term, Indian Finance Minister Pranab Mukherjee has informed the World Bank. The country's long term growth story is intact due to demographics, rising middle class, urbanisation, strong savings and investments.

Farm loan to exceed target, touch Rs 5.20 lakh cr: Nabard

Tue, 27 Sep 2011 08:32:08 GMT

Farm loan disbursal is expected to exceed the target of Rs 4.75 lakh crore and touch Rs 5.20 lakh crore in 2011-12 on the back of good monsoon, Nabard said. Agriculture credit disbursal had increased to Rs 4,26,531 crore in the last fiscal against the target of Rs 3,75,000 crore.

Google to use films to push market share in India

Tue, 27 Sep 2011 08:27:40 GMT

Google said it has tied up with Bollywood actor Shahrukh Khan's production company Red Chillies Entertainment for promoting his coming film Ra.One. Besides promoting Ra.One on YouTube, Shahrukh will be doing online video chats with fans through Google's social networking site 'Google+'.

Dr. Reddy’s, JBCPL cancel Rs 137.5-cr Russian deal

Tue, 27 Sep 2011 08:17:10 GMT

City-based Dr. Reddy’s Laboratories on Monday it had cancelled its Rs 137.5-cr deal to acquire the pharmaceutical prescription portfolio of JB Chemicals & Pharmaceuticals Ltd (JBCPL) in Russia and other CIS countries.The two firms had signed an agreement on July 22, 2011.

Western Union sponsors Ra.One

Tue, 27 Sep 2011 08:11:35 GMT

Global payment services firm Western Union will launch a million-dollar global mass-media campaign in association with Indian film superstar Shahrukh Khan’s movie Ra.One, which will be released during the Diwali holiday, to honour the millions of Indians working overseas.

Nissan Sunny launched in Andhra Pradesh

Sat, 24 Sep 2011 01:52:48 GMT

Bringing cheers to the car buyers of Andhra Pradesh ahead of the upcoming festival season, Nissan Motor India Private Ltd (NMIPL) on Friday launched its mid-size sedan Nissan Sunny, priced from Rs 5.8 lakh to Rs 7. 8 lakh..It offers 16.95 kmpl of fuel economy (ARAI certified).

Pranab for concrete steps to tackle economic problems

Sat, 24 Sep 2011 12:39:35 GMT

Amid fears of a second dip recession, Finance Minister Pranab Mukherjee has said that “concrete steps” will have to be taken to deal with the situation as there is no ready made formula to address the problems. He said crisis has manifested in different forms in different parts of the world.

Amazon expected to unveil tablet next week

Sat, 24 Sep 2011 12:30:34 GMT

Amazon.com Inc, which revolutionized reading with its Kindle e-reader, is expected to unveil a tablet computer next week that analysts say will seriously challenge Apple's market dominating iPad.Analysts were confident that the Internet retailer will introduce its tablet computer this year.

US stocks end week with $1 trillion loss

Sat, 24 Sep 2011 12:18:13 GMT

An estimated $1 trillion was wiped off the value of US stocks this week, amid heightened fears that the world economy is heading for another recession. After a string of warnings that US must do more to put their economies in order, the Fed provided the straw that broke the market's back.

Bharti AXA focuses on health insurance

Sat, 24 Sep 2011 11:34:29 GMT

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, the world’s largest insurance company, forayed into the health insurance category by launching India’s first triple benefit critical illness plan.

Oil tumbles 4 pc to 6-week low on recession fears

Fri, 23 Sep 2011 10:38:15 GMT

Oil prices tumbled more than 4 per cent to six-week lows on Thursday as the US Federal Reserves weak economic outlook and disappointing China data stirred fears of a global recession and battered markets.Brent and US crude futures both dropped below the range held for most of the past month.

Rupee hits 50 per dollar for first time in over 28 months

Fri, 23 Sep 2011 10:29:43 GMT

The rupee weakened to 50 against the dollar on Friday, a level not seen in more than 28 months, as investors globally continued to dump high yielding riskier asset for the safety of government bonds. The partially convertible rupee was at 49.82/83 per dollar, after hitting 50 in a one-off deal.

Dr. Reddy’s launches dementia drug in US

Thu, 22 Sep 2011 09:35:39 GMT

City-based Dr. Reddy’s Laboratories on Thursday said it launched Rivastigmine Tartrate capsules, a bioequivalent generic version of Exelon capsules in the US market on September 15, following United States Food & Drug Administration (USFDA) approval.

Mahindra to unveil XUV500 on Sept 28

Thu, 22 Sep 2011 09:31:48 GMT

Mahindra & Mahindra Ltd. (M&M), a part of the US $12.5 billion Mahindra Group, on Thursday said it would launch its global SUV, XUV500, on September 28, 2011. The XUV500 is Mahindra’s first global SUV platform, with significant inputs in styling and development from customers across the globe.

The need for better regulation in Indian real estate

Tue, 20 Sep 2011 08:58:23 GMT

The organized segment of Indian real estate is only about two decades old. It could be seen as understandable that true governance is too much to ask at this early point. However, matters reached a decisive point in 2010, which was indisputably a year of scams.

AAI seeks to raise Rs 5,000 cr through bonds

Tue, 20 Sep 2011 08:50:17 GMT

The Airports Authority of India (AAI), which runs 125 airports across the country, would approach the government to allow it to raise Rs 5K cr through infrastructure bonds. AAI's plea to raise a similar amount through tax-free infrastructure bonds in 2009 was rejected by the government then.

New offers from Reliance Digital

Tue, 20 Sep 2011 08:40:13 GMT

Reliance Digital TV, the leading direct- to- home (DTH) service provider in the country, has introduced exciting festive offers for both existing and new subscribers throughout the country.

USE completes one year of operation

Tue, 20 Sep 2011 08:38:38 GMT

United Stock Exchange of India Limited (USE), the youngest stock exchange in the country operating in the currency derivatives segment, completes its first year of operations on September 20, 2011, with nearly 438.95 million contracts traded.

Reliance defends levy of marketing margin on KG-D6 gas

Tue, 20 Sep 2011 08:33:16 GMT

Reliance Industries has strongly defended its decision to impose a marketing margin over-and-above the government-approved sale price for KG-D6 gas, saying the levy was to cover for the risk and cost associated with marketing of gas.The marketing margin is to cover for cost of marketing and sales.

JLR to invest Rs 2,650 cr for UK engine plant

Tue, 20 Sep 2011 08:27:16 GMT

Tata Motors-owned British premium carmaker Jaguar Land Rover said it would invest 355 million pounds (nearly Rs 2,650 crore) to set up an advanced engine facility in the UK.The plant, planned to be set up at Staffordshire in Midlands, will make a family of low emission petrol and diesel engines.

Reliance inks pact with Siemens for homeland security

Tue, 20 Sep 2011 08:15:43 GMT

Reliance Security Solutions Limited, a subsidiary of Reliance Industries Ltd.,(RIL), and Siemens Ltd signed a Memorandum of Understanding to jointly develop homeland security solutions for cities and highways in India.The Indian security market is expected to be one of the largest growing markets.

Bring corporates under Lokpal to check graft: CVC

Sun, 18 Sep 2011 03:34:48 GMT

As the Lokpal debate rages, the Central Vigilance Commission feels corporates should be brought under the purview of the proposed anti-corruption bill to check graft effectively.It also favours that corruption in higher levels of bureaucracy and among political executives should be dealt with.

CII for Sebi to relax floor for HNI investment in AIFs

Sun, 18 Sep 2011 03:30:13 GMT

Industry chamber CII has asked market regulator SEBI to relax the proposed floor for HNI investment in Alternative Investment Funds (AIFs), asserting that the lower limit of Rs 1 crore would discourage them from participating in the scheme.Last month, SEBI proposed new rules for AIF.

Steel ministry wants 30 pc duty on iron ore exports

Sun, 18 Sep 2011 03:23:13 GMT

The steel ministry will soon write to the finance ministry demanding to hike export duty on iron ore to 30 per cent from the current 20 per cent, a move to ensure that there is no shortage of the raw material for the domestic steel makers in the long-run.Iron ore industry did not appreciate it.

Satyam fraud: CBI seeks more time for trial

Sun, 18 Sep 2011 03:17:07 GMT

Unable to stick to the time frame to complete proceedings in the trial against former Satyam chief B Ramalinga Raju and nine others accused in the multi-crore Satyam accounting fraud case, CBI has approached the Supreme Court seeking more time to complete the task.

Team Lease, IIJT hold job fair in Hyderabad

Sun, 18 Sep 2011 03:06:50 GMT

Team Lease Services, India’s largest staffing solutions company and Indian Institute of Job Training (IIJT), India’s fastest growing vocational skills training company, organized a job fair for youth in Hyderabad on Saturday.

Govt defers Rs 12,000-crore ONGC FPO

Sat, 17 Sep 2011 06:46:03 GMT

In view of unfavourable market conditions, the government has deferred the proposed Rs 12,000 crore FPO from Oil and Natural Gas Corporation (ONGC) by at least two weeks.The follow-on public offer (FPO), which was scheduled to open on September 20, but has been put off.

RBI raises key rates by 25 bps; loans to cost more

Sat, 17 Sep 2011 06:40:16 GMT

Concerned over high inflation, the Reserve Bank on Friday raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.Following the increase, the short-term lending (repo) rate stands at 8.25 per cent.

Tata Motors launches new Indica Vista in Hyderabad

Sat, 17 Sep 2011 06:31:06 GMT

Homegrown automaker Tata Motors launched new Indica Vista in the city. Offered in both petrol and diesel variants, the new model is expected to take on Maruti’s best-selling premium hatchback Swift.The diesel variant, which offers a mileage of 22.3 kmpl, is priced from Rs 4.82 lakh.

CavinKare launches Funfills liquid candy

Sat, 17 Sep 2011 06:23:50 GMT

CavinKare marked its entry into the confectionary business with the launch of Funfills- a new and exciting product based on a liquid candy concept.

JSW produces 6.64 lakh tonne steel in August

Sat, 17 Sep 2011 06:19:06 GMT

JSW Steel Limited reported crude steel production of 6.64 lakh tonne during August, 2011, up 23 per cent when compared to the production in the same month last year.

L&T launches online music academy with Shankar Mahadevan

Sat, 17 Sep 2011 06:12:27 GMT

The Corporate HR’s Learning & Development team at Larsen & Toubro has launched 'Online' music academy for the company's employees and their families.

BIO to hold global meet in Hyderabad on Sept. 21,22

Sat, 17 Sep 2011 06:03:28 GMT

The Biotechnology Industry Organization (BIO) announced the program for the BIO India International Conference to be held on September 21, 22 in Hyderabad, India.The conference will feature BIO one-on-one partnering, panel sessions, company presentations, etc.

Bajaj unveils new Boxer 150cc in Hyderabad

Fri, 16 Sep 2011 06:23:50 GMT

Two-wheeler major Bajaj Auto upped the ante in the 100-150cc motorcycle segment by launching all- new Boxer 150 with an aggressive price tag of Rs 43,009 in the city.The new bike is designed to offer decent riding experience in all kinds of terrains.

FAPCCI course on inputs import managament

Fri, 16 Sep 2011 06:20:43 GMT

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is conducting a certificate course in “Inputs Import Management” from September 21 to 24 at the Federation House in Red Hills in the city.

Tata Steel bags 80 million Euro order

Fri, 16 Sep 2011 06:15:37 GMT

Tata Steel has secured a major order to supply railway lines for a new high-speed track between the French cities of Bordeaux and Tours.

SpiceJet now connects Hyderabad with 12 destinations with its Q400’s

Thu, 15 Sep 2011 08:36:03 GMT

SpiceJet will commence their much-anticipated Q-400 operations from September 21, 2011. It will connect Hyderabad to 12 destinations - Aurangabad, Bhopal, Goa, Indore, Madurai, Mangalore, Nagpur, Pune, Rajahmundry, Tirupati, Trivandrum and Vijayawada.

Pay 20 pc, buy gold

Thu, 15 Sep 2011 08:14:30 GMT

Goldplus from TATA, the largest jewellery chain in Tamil Nadu has joined hands with India’s biggest gold loan company, Muthoot Group, to help its customers to realize their dream of owning gold jewellery.

Power situation grim due to strike in Singareni

Thu, 15 Sep 2011 08:09:06 GMT

APDISCOMS have supplied around 242MU on 14.09.2011 with a load shedding of around 4MU during day time. 7 Hours supply to Agriculture and continuous supply to Industrial sector is ensured.

Navneet to invest Rs. 45 cr in K-12 Techno

Thu, 15 Sep 2011 08:03:10 GMT

K-12 Techno Services Pvt Ltd, which runs Gowtham Model Schools and Orchids International School, and eight junior colleges in Andhra Pardesh, will launch its services in five different States. Publications major Navneet Publications Ltd will invest Rs. 45 crore in K-12.

Inflation at 13-month high of 9.8 pc in August

Thu, 15 Sep 2011 07:52:46 GMT

Driven by expensive food and manufactured items, inflation climbed to 13-month high of 9.78 per cent in August suggesting that frequent interest hikes by Reserve Bank since March 2010 has proved ineffective to contain price rise.Inflation went up from 9.22 per cent in July.

Mahindra Satyam eyes slice of Gulf sports industry IT biz

Thu, 15 Sep 2011 07:50:00 GMT

Mahindra Satyam, which provides infrastructure management services to international football body Fifa, on Wednesday unveiled plans to leverage this association to position itself as a one-stop shop in the Middle East for addressing the sports industry's technological needs.

US-based IT major CSC acquires Applabs

Thu, 15 Sep 2011 07:43:41 GMT

The US-based IT firm CSC on Wednesday said it acquired Applabs Technologies, a city-based software testing company. Though both the companies have not disclosed the financials of the deal, sources close to the development said Applabs was valued above $300 million.

Prathista wins two national MSME awards

Thu, 15 Sep 2011 07:29:38 GMT

City-based Prathista Industries Limited, which is into manufacturing of eco-friendly products for organic farming, veterinary, pharma and poultry sectors, has won two national awards from the union ministry of Micro, Small and Medium Enterprises. It is the only company to bag two awards.

Persistent launches new retail platform

Thu, 15 Sep 2011 07:27:02 GMT

Pune-based software firm Persistent Systems on Wednesday said it had developed an innovative commerce platform, Klisma, which promises to deliver higher value and trusted experience to consumers for their planned, normal and impulse purchases.

CII AP expresses concern over VAT hike

Thu, 15 Sep 2011 07:24:28 GMT

Andhra Pradesh chapter of Confederation of Indian Industry (CII) on Wednesday expressed concern over the proposed increase in value added tax (VAT) from 4 per cent to 5 per cent on 3000 products as it would impact the consumer demand.

Incredible India attracts 4.2 lakh foreigners in August

Wed, 14 Sep 2011 10:19:12 GMT

Continuing with the growth trajectory, the Incredible India campaign has attracted more than four lakh foreign tourists in August, an increase of 5.3 per cent over the same period last year.Foreign tourist arrivals (FTAs) during August 2011 were 4.02 lakh as compared to 3.82 lakh in August 2010

Pennar arm to set up second facility in Rajasthan

Wed, 14 Sep 2011 09:35:41 GMT

Pennar Engineered Building Systems (PEBS) is mulling to set up its second manufacturing facility in Rajasthan besides expanding the capacity of its existing plant here, a senior executive said on Tuesday. PEBS is engaged in manufacturing pre-fabricated buildings.

Microsoft unveils Windows 8; developers given test version

Wed, 14 Sep 2011 09:28:30 GMT

Microsoft Corp handed out 5,000 sleek Samsung tablet computers running a test version of Windows 8 at its annual developer conference on Tuesday, hoping to stoke excitement over its new operating system.The devices are the first chance for people outside Microsoft to play with Windows 8.

Compact cars in focus at Frankfurt Auto Show

Wed, 14 Sep 2011 06:40:15 GMT

Automakers are unveiling new models at the Frankfurt auto show as the industry heads into an uncertain year, with Europe's debt crisis and worries about the economic recovery in the U.S. casting a shadow over two major markets.Prominent new models include Porsche 911 Carrera and Volkswagen's UP.

L&T Finance signs pact with NCMSL

Tue, 13 Sep 2011 06:50:16 GMT

L&T Finance on Monday said it entered into a strategic partnership with National Collateral Management Services Limited (NCMSL), a major agri-infrastructure player, for collateral management and warehousing services.

Bajaj Allianz launches iSecure

Tue, 13 Sep 2011 06:48:00 GMT

Bajaj Allianz Life Insurance on Monday launched a range of term plans under the umbrella of ‘iSecure’ to cater to various protection needs.

Mahindra Satyam enters partnership with iPipeline

Tue, 13 Sep 2011 06:45:43 GMT

Mahindra Satyam on Monday said it has partnered with iPipeline, a US-based company and a leader in providing innovative marketing, selling and processing solutions to the banking, financial services, insurance and markets.

PM calls for transparency in awarding PPP projects

Tue, 13 Sep 2011 06:39:52 GMT

Amid growing public outcry over corruption, Prime Minister Manmohan Singh on Monday called for complete transparency in awarding of the highway projects to eliminate the possibility of favouritism or crony capitalism.The govt is for an investment of $1 tn in infrastructure in 12th Five-Year Plan.

Industry sees moderation in GDP growth: CII survey

Tue, 13 Sep 2011 06:32:25 GMT

With rising inflation coupled with spiraling lending cost becoming a bane, a majority of industry representatives surveyed do not see the economic growth at over 8 per cent mark for the current fiscal.The industry reckons rising interest and surging input cost as top two concerns.

Govt expects Rs 50k cr private fund in road sector

Tue, 13 Sep 2011 06:17:21 GMT

The government envisages Rs 50,000 crore private investments in the highways sector this fiscal. It is in the process of awarding contracts for 7,300 km of roads.During the current year, bids for about 4,600 km have been received or invited.We will soon award concessions for 7,300 km.

Industrial production falls to 3.3 per cent in July

Tue, 13 Sep 2011 06:09:27 GMT

Industrial production fell to 3.3 per cent in July this year on account of poor performance mainly by capital goods, manufacturing and mining sectors, reflecting the sluggishness in the economy.Growth in the factory output had stood at 9.9 per cent in July last year.

Tata Motors launches Vista variant at Rs 3.88 lakh

Sun, 11 Sep 2011 08:11:22 GMT

The country's largest auto-maker Tata Motors has launched a new version of its Vista model at a starting price of Rs 3.88 lakh (ex-showroom Delhi).

CAG seeks powers to evaluate Sebi, Trai, Irda

Sun, 11 Sep 2011 08:04:35 GMT

Government auditor CAG is seeking to widen the scope of its powers to audit the performance of regulators such as SEBI, TRAI and IRDA as part of the new legislation that will replace the CAG Act, 1971.The proposed CAG Bill is likely to be tabled in Parliament in its next session.

Illegal pesticide sale may cross Rs 2,000-cr mark this year

Sun, 11 Sep 2011 07:42:54 GMT

The domestic crop protection industry estimates that sale of illegal pesticides may cross Rs 2,000 crore mark this fiscal.Growth of the Rs 8,000-crore domestic pesticide market is being stymied by rampant sale of illegal products.Counterfeit pesticides consist mainly of illegal imports.

Audi aims for top slot in 4 years, to hire 600 by 2012

Sun, 11 Sep 2011 07:13:58 GMT

It seems the fight between German auto majors for leadership position in the luxury car space in India is heating up, with Audi upping the ante in an attempt to unseat the top two firms, BMW and Mercedes-Benz, by 2015. In August, Audi reported a 100-plus per cent jump in sales to 510 units.

India to have over 4 lakh millionaires by 2012

Sun, 11 Sep 2011 07:06:39 GMT

The millionaire club is set to witness a major boom as their numbers are expected to more than double to 4.03 lakh by 2015 on the back of a robust economic growth and impressive returns from stock and property markets.The total wealth of these millionaires is likely to be $2.5 trillion by 2015.

Shame on you, Yahoo! This is no way to let a CEO go!

Sat, 10 Sep 2011 06:30:14 GMT

Anand Parthasarathy has some nice memories of Yahoo’s outgoing CEO Carol Bartz from an earlier visit to India – and is shamed by the manner in which Chairman Bostock let her go.

BMW Group tops sustainability index in automotive sector

Sat, 10 Sep 2011 06:24:01 GMT

The BMW Group has once again been named the automotive industry’s sector leader in the ranking published by the SAM Group for the Dow Jones Sustainability Indexes (DJSI).

Rs 1,446.9 cr raised in July via IPOs, rights issues

Sat, 10 Sep 2011 06:19:18 GMT

The quantum of funds raised by India Inc through initial public offers and rights issues was up by 21 per cent at Rs 1,446.9 crore in July, 2011, over that in June this year, a Sebi report released on Friday said.

ICICI Bank to hire 6,000 people this fiscal: Chanda Kochhar

Sat, 10 Sep 2011 06:15:03 GMT

The country's largest private bank, ICICI Bank, will recruit up to 6,000 people this fiscal to cater to its business growth and expansion plans, a top official said on Friday.Most of the recruitment will be at the entry-level and will be done either directly or through institutes.

Wipro bags Microsoft's country partner award

Sat, 10 Sep 2011 06:06:41 GMT

IT major Wipro on Friday announced that it has won the 2011 Microsoft Country Partner of the Year Award.Wipro was selected from among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

Toyota launches Etios, Liva diesel

Sat, 10 Sep 2011 06:01:46 GMT

Japanese auto major Toyota on Friday launched the diesel versions of its entry-level Etios sedan and compact car Etios Liva, priced between Rs 5.54 lakh and Rs 7.87 lakh (ex-showroom Delhi).The company said it plans to sell a total of 63,000 units of the Etios family of cars in India this year.

RIL puts out experts audits to counter CAG charges

Fri, 09 Sep 2011 10:56:22 GMT

Facing flak from the country's auditor CAG, Reliance Industries (RIL)Friday brought out independent expert audits to justify its work and cost in discovering the world's biggest gas find of the decade that was brought to production in a record time.RIL said it had engaged global consulting firm.

CAG critical of RIL, Oil Ministry on KG-D6 contract

Thu, 08 Sep 2011 11:35:20 GMT

The Comptroller and Auditor General (CAG) today sharply criticised Reliance Industries and the Oil Ministry for violation of contract over the showpiece KG-D6 gas block and called for revamping the current profit-sharing arrangement that reduces government revenues.

Govt earmarks Rs 22k cr for nine new major ports

Thu, 08 Sep 2011 11:15:11 GMT

The central government has envisaged an investment of more than Rs 22,000 crore for setting up nine new major ports in the country over the next five years.The Ministry of Shipping has asked nine coastal states to select sites for setting up a major port each.

Food inflation slips to 9.55 pc on cheaper pulses

Thu, 08 Sep 2011 11:09:39 GMT

Food inflation slipped to 9.55 per cent for the week ended August 27, but the common man continued to reel under price pressure as all items barring pulses and wheat remained expensive.The rate of price rise of food items fell to a single-digit during the week under review.

Renault launches 'Koleos' priced at Rs 22.99 lakh

Thu, 08 Sep 2011 11:00:59 GMT

Renault India on Thursday launched its SUV Koleos, priced at Rs 22.99 lakh (ex-showroom Delhi). The SUV is the company's second vehicle in the Indian market after the sedan 'Fluence', which was launched in May.The Koleos is powered by a 2 litre diesel engine.

IDBI Federal launches insured wealth plan

Thu, 08 Sep 2011 10:18:31 GMT

Private life insurer IDBI Federal Life Insurance launched its new ULIP called wealthsurance dreambuilder insurance plan which will enable customers to save and build wealth under the protective cover of insurance.

Banks should keep strong vigil on loan portfolio: Pranab

Thu, 08 Sep 2011 06:40:29 GMT

Stating economy is passing through turbulent times, finance minister Pranab Mukherjee on Wednesday asked banks to maintain a strict vigil on the quality of their loan portfolio.“The global economy is still trying to cope up with the after effects of the financial crisis,” he said.

Henkel unveils Indola brand in Hyderabad

Thu, 08 Sep 2011 06:36:24 GMT

German multinational Henkel launched its new hair cosmetic brand Indola in the city on Wednesday.Indola is the second hair colour brand of Henkel in India after the launch of Schwarzkopf Professional in the country four years ago. Initially, the product is available is 28 colours.

Bhagavantha Rao inaugurates SBH's 1400th branch

Thu, 08 Sep 2011 06:18:36 GMT

State Bank of Hyderabad (SBH) has opened its 1400th branch and first financial inclusion branch at Vellanki Village, Ramannapet mandal, Nalgonda dist.In line with the Centre programme for financial inclusion, the newly opened branch is meant for extending banking services in unbanked villages.

SIAM targets 56 lakh passenger vehicle sales by 2017

Thu, 08 Sep 2011 06:10:52 GMT

The Society of Indian Automobile Manufacturers on Wednesday said the size of the domestic passenger vehicles market is likely to touch 5.6 million units by 2017, up from sales of 2.2 million units per annum at present, despite the market witnessing a slowdown in recent months.

Aurobindo forms JV with Russian firm for generics

Thu, 08 Sep 2011 06:05:59 GMT

Aurobindo Pharma on Wednesday said it has formed an equal joint venture with Russian healthcare equipment company Ojsc Diod to manufacture and sell drugs in Russia, Belarus and Kazakhstan.Aurospharma Company, the new JV will set up a plant to make Non Penicillin and Non Cephalosporin Rx generics.

RBI asks banks to strictly follow SCSS instructions

Tue, 06 Sep 2011 10:45:37 GMT

The Reserve Bank has directed all banks to strictly follow instructions under the Senior Citizens Savings Scheme (SCSS) and ensure that benefits reach retired army personnel, Parliament was informed on Tuesday.In May 2011, the government received a complaint from a retired defence officer.

Mobile tariffs may go up further: Sunil Mittal

Tue, 06 Sep 2011 10:40:37 GMT

Having hiking mobile tariff in some of the segments, Bharti Airtel on Tuesday hinted that charges may go up "significantly" in the near future in view of rising operating costs.This correction in tariffs is required to compensate for the company's rural operations.

Chola MS launches partners portal

Tue, 06 Sep 2011 10:36:37 GMT

Cholamandalam MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group Japan, on Tuesday launched partners portal partner.cholainsurance.com.

RamkyI nfrastructure bags Rs 1,006 crore orders

Tue, 06 Sep 2011 10:33:52 GMT

City-based Ramky Infrastructure Limited on Tuesday said it bagged new orders totaling Rs 1,006 crore across the country from industrial, water & waste water, power and building sectors. The orders were from 10 states, including Andhra Pradesh.

Fiat India plans own showrooms in 20 cities

Tue, 06 Sep 2011 10:29:06 GMT

Fiat India on Tuesday said it will no longer sell its cars under the same roof as joint venture partner Tata Motors and will set up its own showrooms in around 20 cities across India in the next one-and-a-half years.

Relief from pesky calls, SMSes from Sept 27

Mon, 05 Sep 2011 11:09:49 GMT

Telephone users will finally get relief from pesky calls and text messages from September 27. All those subscribers who have registered with the National Customer Preference Registry, earlier known as 'Do Not Call Registry', would get relief from all commercial communications.

ONGC follow-on offer likely to hit markets on Sep 20

Mon, 05 Sep 2011 11:01:53 GMT

Oil and Natural Gas Corporation's (ONGC) much-delayed Rs 11,000 crore share sale is likely to be launched on September 20, with the state-run explorer filing papers for the public issue with market regulator the Securities and Exchange Board of India (Sebi) on Monday.

BHEL bags Rs. 1,395 crore contract from NMDC

Mon, 05 Sep 2011 10:56:34 GMT

State-owned BHEL on Monday said it has bagged Rs. 1,395 crore contract from the country's biggest miner NMDC for handling raw material at its steel plant at Nagarnar in Chhattisgarh.BHEL will set up the Raw Material Handling System (RMHS) package for NMDC's steel plant at Nagarnar in Chhattisgarh.

Honda recalls 72,115 cars in India over quality fears

Mon, 05 Sep 2011 10:49:08 GMT

The Indian unit of Japanese auto maker Honda Motor Co said on Monday it will recall 72,115 of its City sedans to replace a power window switch, the firm's second recall since 2010 in the world's second-fastest growing major auto market.Honda sells close to 50,000 City cars each year.

Bhagavantha Rao inaugurates SBH loan mela

Sun, 04 Sep 2011 06:53:32 GMT

M Bhagavantha Rao, the newly-appointed Managing Director of State Bank of Hyderabad inaugurated the bank's loan mela on Saturday.The SBH is organizing the loan mela on September 3,4, 2011 at Wesley School grounds, Secunderabad.Car dealers and builders arranged their stalls.

Govt to improve farm products supply to arrest price rise

Sun, 04 Sep 2011 06:37:25 GMT

The Government is trying to improve supply of some critical farm products which will help moderate the double-digit food inflation in coming weeks, the Finance Minister, Mr Pranab Mukherjee, said on Saturday.He hoped that it would have some moderating influence in the coming weeks.

India's forex reserves soar to $319.17 bn

Sat, 03 Sep 2011 10:46:35 GMT

India's foreign exchange (forex) reserves soared by $955 million to hit an all-time high of $319.17 billion for the week ended Aug 26 due to a sharp jump in the value of foreign currency assets, official data showed.Forex kitty soared to $319.17 billion during the week under review.

Hyderabad to host global meet on agribusiness

Sat, 03 Sep 2011 10:42:50 GMT

Federation of Indian Chambers of Commerce and Industry (Ficci) has chosen Hyderabad to host its international conference-cum-exhibition on agribusiness and food processing, Food 360⁰, from November 20 to 22, 2011.Over 600 professionals from India and abroad will attend the conclave.

Mahindra to launch its global SUV XUV500 this year

Sat, 03 Sep 2011 06:10:03 GMT

Utility vehicle maker Mahindra & Mahindra Ltd on Friday named its first ever global SUV as XUV500. Pronounced as XUV ‘5 double Oh’, the new SUV is set to hit Indian and South African markets by the year-end. The new model is designed and developed entirely in-house by Mahindra.

Banking system facing liquidity deficit: Pranab Mukherjee

Fri, 02 Sep 2011 10:28:50 GMT

The government on Friday said that the banking system is facing liquidity crunch as is reflected from increased borrowings by lenders from the Reserve Bank. On an average, banks and primary dealers have borrowed Rs 46,298 crore on a daily basis from the RBI so far this fiscal (April-August).

Dr Reddy's starts Phase-II trials of DRL-17822 molecule

Fri, 02 Sep 2011 10:24:29 GMT

Drug firm Dr Reddy's Laboratories on Friday said it has started a Phase-II study in Europe to test the safety and efficacy of its 'DRL-17822' molecule, which is aimed at treating coronary heart diseases.DRL said that Phase-II trials for 'DRL-17822' are being carried out on 160 subjects.

NALCO raises aluminium prices by Rs 2,000/tonne

Fri, 02 Sep 2011 12:50:02 GMT

State-run National Aluminium Co Ltd has raised aluminium prices by 2,000 rupees per tonne ($43.6) across all products, Chairman and Managing Director B L Bagra said on Friday. The price revision was effected in line with the increase in LME prices, he said.

Dr Reddy's launches OTC drug in the US market

Fri, 02 Sep 2011 11:01:35 GMT

Dr Reddy's Laboratories today said it has launched two over-the-counter (OTC) drugs used to treat seasonal allergies such as itchy nose and sneezing, in the US market. Fexofenadine HCl-Pseudoephedrine HCl extended release tablets in the strengths of 180 and 240 mg were launched.

Car sales decelerate in August as big three slide

Fri, 02 Sep 2011 10:53:54 GMT

Domestic car sales in August went on a downslide, with the big three makers -- Maruti Suzuki India, Hyundai Motor India and Tata Motors-- posting a decline in their monthly numbers.Amid tough market conditions, sales got further hurt for Maruti Suzuki due to the ongoing labour issue.

Mercedes launches new C-Class, priced from Rs 29.75 lakh

Thu, 01 Sep 2011 10:05:40 GMT

German luxury carmaker Mercedes-Benz launched an advanced version of its flagship sedan C-Class in India, priced between Rs 29.75 lakh and Rs 32.30 lakh (ex-showroom, Delhi). The company is looking to sell 250-300 units of the new C-Class, as against about 200 units of the outgoing version.

Dr. Reddy's, Pfizer settle Lipitor patent battle

Thu, 01 Sep 2011 07:27:53 GMT

Pfizer Inc reached a settlement with Dr. Reddy's Laboratories that has been fighting in court to launch cheaper generic forms of Pfizer's blockbuster cholesterol fighter, the companies said. Dr. Reddy's in 2009 sought approval from US regulators to market its Lipitor generics.

Mobile internet users prefer browsing

Thu, 01 Sep 2011 06:40:52 GMT

A study carried out by market research firm Nielson revealed that internet users on mobile handsets preferred browsing to email and chatting. Leading mobile handset maker Nokia has commissioned the study. The internet connectivity had become one of the top five preferences for handset buyers.

August agony cost investors Rs 1.13 crore every second

Thu, 01 Sep 2011 06:36:55 GMT

August was a month of agony for investors as they lost more than Rs 1 crore in every second of trade, on an average, taking the total losses for the market to over Rs 5.5 lakh crore.It was also the worst month for investors since January 2011

M & M to set up automobile plant in Tamil Nadu

Thu, 01 Sep 2011 06:33:18 GMT

Auto major Mahindra and Mahindra is all set to establish an automobile manufacturing plant with a testing facility at Cheyyar, about 100 km from here, for which it has entered into an MoU with the Tamil Nadu government.The MoU was signed early this year to set up the plant with Rs 1,800 crore.

CII institutes awards for southern entrepreneurs

Wed, 31 Aug 2011 10:30:09 GMT

To recognise and showcase the spirit of entrepreneurship in the southern states, the Confederation of Indian Industry (CII) has instituted the CII SR Emerging Entrepreneurs Awards in association with The Business Line.The winners of the first edition of the awards will be announced in March 2012.

French auto major Peugeot set to drive into Gujarat

Tue, 30 Aug 2011 11:38:50 GMT

French auto major PSA Peugeot Citroen is likely to announce soon plans to set up a manufacturing facility in Bol village of Sanand taluka near here, with an investment of Rs 4,000 crore.The company had been scouting for land for its India entry for the past few months.

Cabinet approves 5 pc govt stake sale in BHEL

Tue, 30 Aug 2011 11:32:33 GMT

The union cabinet on Tuesday approved a plan to sell 5 per cent of the government's stake in power gear maker Bharat Heavy Electricals (BHEL).The government will sell 5 per cent of its 67.7 per cent holding in BHEL. At current prices, the stake is valued at about $940 million.

Religare forms panel to boost efforts for banking foray

Tue, 30 Aug 2011 11:26:36 GMT

Financial services provider Religare Enterprises today said it has set up an advisory panel that would help it in foraying into the banking sector. Suman Bery, a former special consultant to the RBI, and former president NASSCOM Kiran Karnik have joined the panel.

Tata Motors' Sanand plant resumes production

Sun, 28 Aug 2011 06:45:27 GMT

Automobile major Tata Motors on Saturday said its Sanand manufacturing plant in Gujarat had resumed production after a planned maintenance shutdown. "Production at Sanand plant has resumed after a temporary suspension for about a fortnight," the company said in a statement.

US rating may be cut to AA within two years: S&P

Sat, 27 Aug 2011 10:50:21 GMT

Standard & Poor's said it was an "oversimplification" to blame its stripping the US of the top AAA sovereign rating for recent market volatility, adding that many investors agreed with its action. Markets were also responding to a weaker global growth outlook

Rs 10 plastic notes to be introduced on trial basis: Govt

Sat, 27 Aug 2011 06:59:07 GMT

The government on Friday said it has decided to introduce 100 crore polymer bank notes in denomination of Rs 10 on trial basis. It will be on field trial basis at five locations in the country, Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha.

Kingfisher Board gives nod to Rs 2,000-cr rights issue

Sat, 27 Aug 2011 06:46:09 GMT

In a bid to trim its huge debt of Rs 6,000 crore, the board of cash-strapped private carrier Kingfisher Airlines has approved a rights issue to mobilise up to Rs 2,000 crore, but without setting a time-frame.The airline reported a net loss of Rs 263 crore on a revenue of Rs 1,882 crore in Q1.

Stock investors lose over Rs 2.5 lakh crore in three days

Fri, 26 Aug 2011 10:51:59 GMT

A meltdown in the stock market, which continued for third consecutive day on Friday, has wiped off over Rs 2.5 lakh crore from investors' wealth, as shares of even large industrial groups came under pressure.The total investor wealth fell by about Rs 1,22,000 crore on Friday.

Oil PSUs may lose Rs 1,21,000 cr on fuel sales in FY'12

Fri, 26 Aug 2011 10:35:50 GMT

State fuel retailers may post a whopping Rs 121,000 crore revenue loss on selling diesel, domestic LPG and kerosene at government-controlled rates this fiscal, Oil Minister S Jaipal Reddy said on Friday.The revenue loss is despite the recent steep hike in diesel prices, petrol and LPG prices.

Economic growth could decline to 8 pc this fiscal: RBI

Fri, 26 Aug 2011 07:18:22 GMT

The Reserve Bank on Thursday said the country's economic growth could moderate to 8 per cent during the current fiscal due to unfavourable developments. "On current reckoning, real GDP growth is expected to moderate to around 8 per cent in 2011-12 from 8.5 per cent in 2010-11," RBI said.

BMW India launches new X3, priced from Rs 41.2 lakh

Fri, 26 Aug 2011 06:41:55 GMT

German luxury car maker BMW which is present in India through a wholly owned subsidiary, launched its sports utility vehicle X3 priced between Rs 41.2 lakh and Rs 47.9 lakh (ex-showroom, across India). It has increased annual output from its Chennai plant to 11,000 units.

Food inflation rises to 9.80 pc on costlier onions

Thu, 25 Aug 2011 10:56:15 GMT

Inching closer to the crucial double-digit mark, food inflation rose to 9.80 per cent for the week ended August 13 on the back of dearer onions, potatoes, fruits and protein-based items. Food inflation, as measured by Whole Price Index (WPI), stood at 9.03 per cent in the previous week.

AMD to focus on notebooks, unveils new campaign

Thu, 25 Aug 2011 10:10:28 GMT

With notebooks and netbooks driving computer penetration in the country, the world's second largest computer chip-maker AMD is betting big on the category and will focus on introducing innovative and affordable chipsets in India.AMD has also launched its "Future is Me" campaign in the country.

Corruption in India has become worse: Ratan Tata

Wed, 24 Aug 2011 09:46:14 GMT

Top industrialists have expressed concern over the impact that worsening corruption has on their businesses and said there is no short-cut to becoming a billion-dollar company. Tata said corruption is now not only seen in the grant of licence approvals, but also in the award of contracts

Mahindra Satyam to move court against Rs 2,114cr IT notice

Wed, 24 Aug 2011 09:40:11 GMT

IT firm Mahindra Satyam is likely to approach the Andhra Pradesh High Court challenging the Rs 2,114 crore income tax demand raised by the I-T Department.the Income Tax Department had slapped a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam.

Sony to launch tablets in India this year

Wed, 24 Aug 2011 09:36:01 GMT

apanese consumer electronics Sony today said it plans to introduce tablets in India in line with its competitors such as Samsung who have entered into the segment.The company declined to give at what price points the firm plans to launch and how it plans to position the tablet.

Polaris forays into Indian market, plans assembly site

Wed, 24 Aug 2011 09:31:43 GMT

US-based off-road vehicle maker Polaris Industries on Wednesday forayed into the Indian market with plans to set up an assembly facility within the next five years as it looks to clock revenues of up to $400 mn from the country by then. It looks to set up a research and development centre.

L&T Construction bags Rs 1,340 crore new orders

Wed, 24 Aug 2011 09:28:53 GMT

L&T Construction on Wednesday said it has secured new orders worth Rs 1,340 crore in building and factories segment during Q2 FY12 for the construction of commercial and residential buildings, including add-on orders from ongoing projects.

RBI favours splitting post of Chairman & MD in PSU banks

Wed, 24 Aug 2011 09:50:51 GMT

Reserve Bank Governor D Subbarao on Tuesday favoured bifurcation of the posts of chairman and managing director in state-run banks, saying the experience of such a split in the private sector has been satisfactory.It will provide effective checks and balance, he added.

Deven Sharma to quit as S&P President

Wed, 24 Aug 2011 09:29:36 GMT

Ratings agency Standard and Poor’s on Wednesday announced that Deven Sharma, the company's Indian-origin President who was at the helm of affairs when S&P downgraded the United States' credit rating, will leave the company by the end of the year. He will take on a special assignment with S&P.

Tata Motors unveils new version of Vista

Tue, 23 Aug 2011 08:46:15 GMT

Tata Motors on Tuesday launched the new version of its hatchback, Tata Vista. The new Tata Vista range, priced from Rs 3.88 lakh to Rs. 4.79 lakh (ex-showroom Delhi), will be available at the company’s dealerships across the country from September 1, 2011.

Nasscom confident of 16-18 pc IT industry growth in '12

Tue, 23 Aug 2011 07:56:38 GMT

Software body Nasscom on Tuesday said it remains confident about its projection for 16-18 per cent growth of the Indian IT industry in FY'12 despite the economic Uncertainty in the US and European markets. He, however, added that the industry maintains a cautious outlook.

GVK buys more stake in Bangalore airport

Mon, 22 Aug 2011 10:30:30 GMT

GVK Power and Infrastructure Limited on Monday said it acquired 14 per cent additional stake in the Bangalore International Airport Limited (BIAL) for Rs 613.8 crore, taking its stake from existing 29 per cent to 43 pc.The acquisition will be completed after obtaining approvals.

Honda may produce cars from Rajasthan unit in 2-3yrs

Mon, 22 Aug 2011 10:23:52 GMT

Japanese carmaker Honda expects its second Indian facility at Tapukara, in Rajasthan, to start rolling out vehicles within the next 2-3 years after being put on hold indefinitely due to the global slowdown of 2008. HSCI had committed an investment of Rs 1,000 crore to set up the facility.

BPOs to grow by 17.9 pc in Asia-Pacific in 2011: Gartner

Mon, 22 Aug 2011 10:18:15 GMT

The worldwide business process outsourcing (BPO) market is forecast to grow by 6.3 per cent globally and 17.9 per cent in the Asia-Pacific during the year 2011, says a study by market research firm Gartner. Gartner expects higher demand for services related to customer management (CM) BPO.

I-T slaps tax demand of Rs 2,114 cr on Mahindra Satyam

Mon, 22 Aug 2011 10:12:16 GMT

The Income Tax Department has slapped a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam, after disallowing exemptions claimed by the company.The company has received draft notices of demand for Rs 1,037.69 crore and Rs 1,075.73 crore for assessment years 2002-03 and 2007-08, respectively.

Gold import may cross 1,000-tonne mark this year: Analysts

Sun, 21 Aug 2011 08:06:21 GMT

Notwithstanding the skyrocketing prices, gold imports are likely to cross the 1,000-tonne mark this year on robust investment demand, according to analysts.

Small cities, towns emerge as big hiring zones: Survey

Sun, 21 Aug 2011 08:03:07 GMT

Small cities and towns are emerging as the new big hiring zones for many sectors, especially engineering and manufacturing, because of their lower attrition rates, says a survey.

Gold rally makes govt richer by $5-bn in August so far

Sun, 21 Aug 2011 07:58:30 GMT

The bullion traders and investors are not alone in reaping rich benefits from the glittering gold prices and the strategy of keeping a substantial holding of the yellow metal seems to be working well for the government too. A sharp rally in gold prices so far has led to a surge of about $ 5 billion.

FDI inflow to rise to $ 19.5 billion in FY12: CMIE

Sun, 21 Aug 2011 07:51:07 GMT

The net foreign direct investment inflow in India is expected to improve to $ 19.5 billion in 2011-12, on account of robust and sustainable economy, the Centre for Monitoring Indian Economy (CMIE) said in its review.FDI inflows during the first two months of FY12 were much higher at $ 7.4 billion.

Reliance to close $7.2 billion BP deal this month

Sun, 21 Aug 2011 07:43:58 GMT

Reliance Industries Ltd (RIL) is likely to close its $ 7.2 billion deal to sell stake sale in 21 oil and gas blocks to UK's BP plc in the next 7-10 days. With the government formally communicating its approval for sale, the closing documents are likely to be signed before month-end.

Maruti Suzuki plans to roll out a global car by 2017

Sun, 21 Aug 2011 07:37:44 GMT

The country's largest carmaker Maruti Suzuki India is aiming higher with plans to roll out a global car by 2017. "Our ultimate aim is to develop a car for the global market. With our new R&D centre at Rohtak getting ready, we will start working on a global car," Maruti Suzuki India said.

IndusInd Bank opens Kompally branch

Sat, 20 Aug 2011 06:10:48 GMT

IndusInd Bank opened Kompally branch in Hyderabad. With this new branch, the bank has now 29 branches in Andhra Pradesh.

Investors lose over Rs 2 lakh crore in two days

Sat, 20 Aug 2011 12:03:38 GMT

The meltdown in stock markets, hit by deepening fears of a global economic slowdown, has wiped off more than Rs two lakh crore from the investors wealth in just two days.The Indian bourses on Friday saw heavy selling by investors for the second straight day.

Force Motors to invest Rs 1,000cr in two years

Fri, 19 Aug 2011 08:18:39 GMT

Pune-based commercial vehicle maker Force Motors said it would invest Rs 1,000 crore across the passenger and commercial vehicles platforms over the next two years.the company rolled out its first 2.2-litre diesel sports utility vehicle (SUV) 'Force One,'

Swiss banks info sharing to become effective in Sept: FM

Fri, 19 Aug 2011 03:03:53 GMT

Finance Minister Pranab Mukherjee said the agreement signed with Switzerland for sharing banking information on demand is likely to come into force by September.He said that he had signed the agreement with Switzerland for sharing banking information of Indians having accounts there.

Manufacturing policy to be announced in next few weeks

Fri, 19 Aug 2011 02:48:56 GMT

With the objective of creating 100 million additional jobs and taking the share of manufacturing to 25 per cent of the country's GDP by 2025, the proposed 'National Manufacturing Policy' envisages the creation of National Investment and Manufacturing Zones (NIMZs).

Honda Siel Cars introduces new Jazz at Rs 5.50 lakh

Thu, 18 Aug 2011 10:55:41 GMT

Honda Siel Cars India, among the leading manufacturers of premium cars in India has launched the new Honda Jazz with fresh new exterior styling, enhanced interiors and several new value-added features.The Jazz's dynamic performance is achieved by a four-cylinder 1.2-liter i-VTEC engine.

Food inflation falls to 9.03 pc

Thu, 18 Aug 2011 08:47:53 GMT

Food inflation fell to 9.03 per cent for the week ended August 6, even as the price of all items barring pulses rose on an annual basis. Food inflation stood at 9.90 per cent in the previous week. The rate of price rise of food items was 14.51 per cent in the first week of August, 2010.

Bajaj Auto aims to cross 2 million export mark in 3-4 years

Tue, 16 Aug 2011 10:06:57 GMT

On the back of its increasing international footprints, Pune-based Bajaj Auto aims to export over 2 million units in the next three to four years. The company that exported over 1 million units of two- and three-wheelers in the last fiscal is banking on good demand in Latin America and Africa.

Big ticket deals may push FDI in India to $35 bn in FY12

Mon, 15 Aug 2011 10:25:38 GMT

Foreign direct investment (FDI) in India may cross $35 billion in 2011-12 as against $19.4 billion in the last fiscal, on account of major deals like RIL-BP and Posco.Foreign investors are confident of India's economic growth, the country's GDP registered a healthy growth rate during slowdown.

Govt to hike 12th Plan infrastructure investment : PM

Mon, 15 Aug 2011 09:14:30 GMT

The government will increase investments on physical infrastructure in the 12th five-year plan, starting next year, with special emphasis on connecting remote and rural parts of India through rail and road, Prime Minister Manmohan Singh said. investments on infrastructure went up during UPA regime.

Anna Hazare himself involved in corruption, says Congress

Sun, 14 Aug 2011 04:02:42 GMT

Ahead of Anna Hazare's proposed fast on Lokpal, Congress on Sunday launched a no-holds-barred attack, saying he should first clarify the "serious" findings against him of a commission that probed graft charges and accused him of attempting to bring instability in the country.

Reliance Communications increases call tariffs by 20 pc

Sun, 14 Aug 2011 03:56:43 GMT

Anil Ambani Group firm Reliance Communications has increased call charges by 20 per cent for both GSM and CDMA services in most of its operating circles.In case of GSM services, the hike has been for calls made within Reliance's network and on other networks.

FIIs offload shares worth $1.5 bn in first 12 days of Aug

Sun, 14 Aug 2011 03:50:59 GMT

Foreign institutional investors (FII) offloaded shares worth USD 1.30 billion in the Indian equity market so far this month, as stock markets were rattled by global economic uncertainty. In August 1-12 this year, overseas investors purchased equities worth a gross amount of Rs 22,958.30 crore.

Shammi Kapoor the first to set up a cyber cafe in India

Sun, 14 Aug 2011 12:45:53 GMT

Veteran Hindi cinema star Shammi Kapoor who died in the early hours of August 14 2011 at the age of 79, had more in common with the world of Internet, than his catchphrase ‘Yahoo’! A fact forgotten in the ensuing decades, is that he was something of an Internet pioneer in India.

End to pesky calls, SMSes in sight in four to six weeks

Sat, 13 Aug 2011 07:19:50 GMT

In a relief to millions of mobile phone users, telecom regulator TRAI today said it will take 4-6 weeks to curb the menace of unsolicited calls and SMSes after DoT cleared the '140' number series exclusively for landline phones of telemarketing companies.

Industrial growth revives to 8.8 per cent in June

Fri, 12 Aug 2011 10:13:22 GMT

Industrial growth in the country revived moderately to 8.8 per cent in June this year on the back of a smart recovery in the manufacturing sector and better offtake of capital goods. Growth in factory output, as measured in terms of Index of Industrial Production (IIP), was 7.4 pc in June 2011.

Sales slowdon: Maruti cuts down production this month

Fri, 12 Aug 2011 09:57:28 GMT

Maruri Suzuki India today said it has cut down production on most of its models this month due to slowdown in the market.The company said by October it will finalise the location for setting up its new production facility, which could entail an investment of about Rs 6,000 crore.

RBI-sponsored survey lowers growth forecast to 7.9 pc

Fri, 12 Aug 2011 06:50:19 GMT

A Reserve Bank sponsored survey has lowered the growth projection for the current fiscal to 7.9 per cent from 8.2 per cent estimated earlier and pegged March- end inflation at 7-7.9 per cent.RBI itself in its monetary policy had projected 8 per cent growth rate for the current fiscal.

Tecumseh launches innovative DC compressors

Fri, 12 Aug 2011 12:13:44 GMT

Tecumseh Products Company on Thursday launched direct-current (DC) Masterflux compressors, designed specifically for battery cooling applications within the region’s growing telecommunications market.

Maruti to hire over 230 people in R&D division in 2011-12

Fri, 12 Aug 2011 12:07:33 GMT

The country's largest carmaker Maruti Suzuki India plans to increase its R&D manpower by over 20 per cent to more than 1,300 people in 2011-12 as it looks to become the hub of research activities for parent Suzuki. The company to enhance its capability to develop a complete model in India.

Gayatri Projects reports Rs 16.73 cr net in Q1

Fri, 12 Aug 2011 12:02:41 GMT

City-based infrastructure firm Gayatri Projects Limited (GPL) reported 11.05 per cent jump in its net profit at Rs. 16.73 crore for the first quarter ended June 30, 2011, as against Rs 15.06 crore in the same quarter a year ago.Revenue for the quarter went up 17.17 per cent to Rs.401.43 crore.

RIM launches BlackBerry Bold 9900 for Rs 32,490

Thu, 11 Aug 2011 11:57:05 GMT

Research In Motion, the maker of BlackBerry, today launched its new smartphone, Bold 9900, which comes with a keyboard along with touch display and is priced at Rs 32,490.The BlackBerry Bold 9900 smartphone is built on a new driven platform powered by the latest BlackBerry software and hardware.

Onions, fruits drive food inflation to 9.9 pc

Thu, 11 Aug 2011 11:47:10 GMT

Food inflation surged to a four- and-half month high of 9.90 per cent during the week ended July 30 on the back of costlier onions, fruits, vegetables and protein-based items. Food inflation, as measured by Wholesale Price Index (WPI), stood at 8.04 per cent in the previous week.

GVK to commence Ratle hydro project this year

Thu, 11 Aug 2011 09:48:25 GMT

GVK Power and Infrastructure has announced that it would commence works on its 690 MW hydro-electric power project at Kishtwar in Jammu and Kashmir by December, 2011. At present, the company is also engaged in the construction of two hydro-electric power projects of 330 MW and 370 MW.

DoT examining merger of MTNL, ITI with BSNL

Wed, 10 Aug 2011 10:24:16 GMT

The Department of Telecommunications is examining the feasibility of merging government telecom companies ITI and MTNL with state-run BSNL, in line with the recommendations of the Board for Reconstruction of Public Sector Enterprises (BRPSE).

GMR Infra posts Q1 net loss of Rs 67 cr

Wed, 10 Aug 2011 10:11:13 GMT

GMR Infrastructure has reported a consolidated net loss of Rs 66.69 crore for the quarter ended June 30, 2011, owing to lower revenues from the Delhi Airport, high interest cost and increased tax outgo. However, the company reported a net profit of Rs 28.44 crore in the same period a year ago.

RBI Governor Subbarao gets two year extension

Wed, 10 Aug 2011 10:39:14 GMT

Ending months of suspense, Prime Minister Manmohan Singh today gave a two-year extension to RBI Governor D Subbarao beyond September.The 61-year-old IAS officer and veteran Finance Ministry official was appointed the 22nd Governor of the central bank in September, 2008, for a three-year term.

Domestic car sales down 16 pc, bikes 10.5 pc up in July

Wed, 10 Aug 2011 10:26:07 GMT

Domestic passenger car sales declined by 15.76 per cent to 1,33,747 units in July, 2011, from 1,58,767 units in the same month last year. Motorcycle sales in the country grew by 10.51 per cent during the month to 7,85,278 units from 7,10,621 units in the corresponding month last year.

Audi launches new A6 sedan in Hyderabad

Tue, 09 Aug 2011 10:17:36 GMT

Priced from Rs 38.37 lakh to Rs 47.84 lakh (ex-showroom, Hyderabad), the Audi A6 luxury sedan comes with four engine options – two petrol and two diesel. The entry-level diesel variant features 2 litre TDI engine while the petrol variant is equipped with 2.8 litre FSI engine.

Mahindra Satyam reports Rs. 225-cr net in Q1

Tue, 09 Aug 2011 10:09:06 GMT

Buoyed by improved business, IT company Mahindra Satyam on Tuesday said it swung into the black in the April-June quarter, logging a Rs. 225.2 crore profit, and unveiled plans to exit US stock market by 2012.Mahindra Satyam raked in consolidated profit of Rs. 225.2 crore.

S&P: India too faces credit rating downgrade

Tue, 09 Aug 2011 09:46:11 GMT

Ratings agency Standard & Poor on Monday cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which are still to come out of the economic meltdown of 2008.The govt would be required to use their own revenue streams to support economies.

US crisis: Indian industry demands stimulus package

Tue, 09 Aug 2011 09:37:26 GMT

Worried over the fallout of the US debt problems on the Indian economy, industry today demanded another stimulus package to boost domestic demand and investments amidst signs of slowdown in industrial growth. While Assocham called for stimulus package, Ficci asked for better fiscal management.

June FDI shoots up 310 pc to record $5.65 bn

Mon, 08 Aug 2011 12:59:16 GMT

Foreign Direct Investment (FDI) into India saw a whopping 310% increase in June to $5.65 billion, the highest monthly inflow in the last 11 financial years, indicating the revival of investor confidence in the Indian economy.In June, 2010, FDI inflows into the country amounted to $1.38 billion.

Goldman Sachs upgrades India to 'market weight'

Mon, 08 Aug 2011 10:03:06 GMT

Goldman Sachs on Monday upgraded India to "market weight" from "underweight," given a likely turn in the macro cycle, lower oil prices, lower valuation, and policy reform.The RBI, which has raised rates 11 times since mid-March 2010, is expected to be nearing the end of its tightening cycle.

Sensex tanks by 500 pts, Nifty plunges by 143 points

Mon, 08 Aug 2011 09:50:31 GMT

Sensex on Monday tanked by 500 points on opening and the Nifty plunged by 143 points. Banks and financial stocks led the downfall.Asian stocks fell after last week's historic downgrade of the United States' credit rating, which compounded concerns over the world's biggest economy.

Gold rockets to high of Rs 24,770 on firm global cues

Sat, 06 Aug 2011 09:51:47 GMT

Gold prices zoomed to yet another record of Rs 24,770 per 10 grams by adding Rs 420 in the national capital on Saturday on frantic buying by stockists and investors, driven by a firming trend overseas. On the other hand silver held steady at Rs 58,600 per kg on reduced offtake.

Virtusa gets CMMI Level 5 rating

Sat, 06 Aug 2011 06:04:34 GMT

Virtusa Corporation, a global IT services company, said that its global delivery framework was given Capability Maturity Model Integration (CMMI) Level 5 rating, the highest recognition to an organization’s software quality management system.

Stock markets crash on global worries, Sensex falls 387 pts

Sat, 06 Aug 2011 05:37:34 GMT

The BSE Sensex tanked 700 points today before recovering somewhat to close at 14-month low of 17,306, down 387 points, on panic selling as fears of possible recession in the US and acute debt problems in the euro zone gripped investors the world over.

TCS plans Rs 2,300 cr capex for FY12

Fri, 05 Aug 2011 10:58:02 GMT

Country's largest IT software firm Tata Consultancy Services (TCS) has earmarked a capital expenditure of Rs 2,300 crore for financial year 2011-12. The company would consider investments or acquisition opportunities in some of the market areas as and when they arise.

Crash erodes over Rs 1.3 lakh cr of investor wealth

Fri, 05 Aug 2011 10:28:24 GMT

The investors were left poorer by over Rs 1.33 lakh crore after Friday's stock market crash, even as the market managed to recover nearly half of the losses suffered earlier during the day. The plunge in investors' wealth was more than Rs 2.5 lakh crore at one point of time.

SIDBI to disburse Rs 1,000 cr to microfinance sector

Fri, 05 Aug 2011 09:50:26 GMT

Small Industries Development Bank of India (SIDBI) plans to disburse around Rs 1,000 crore in credit to microfinance institutions (MFIs) during 2011-12, which is 19 per cent more than the amount it lent to the sector last fiscal.The bank plans venture capital fund for SMEs.

Govt looking to de-control diesel price: FM

Fri, 05 Aug 2011 10:35:41 GMT

Finance Minister Pranab Mukherjee today said the government is moving in the direction of decontrol of diesel price on which it has taken a view in principle and it has no other proposals.For better targeting of subsidies of LPG, kerosene and fertiliser, a committee was working out modalities.

Oil PSUs to lose Rs 122,000 cr despite hike

Thu, 04 Aug 2011 10:24:43 GMT

Despite the recent steep fuel price hike, state-owned oil firms will lose a whooping Rs 122,000 crore on diesel, domestic LPG and kerosene sale this fiscal, Oil Minister S Jaipal Reddy said on Thursday. The average price of crude for the current financial year is $113 per barrel.

Lanco bags Maha Tamil mining project

Thu, 04 Aug 2011 10:18:18 GMT

Lanco Infratech Limited won contract to develop, mine and operate Gare Pelma II Coal block of Maha Tamil Collieries Ltd (MTCL) in Chhattisgarh. The company will also set up 2000 MW power plant in that state.The coal block has 800 million tonnes of reserves. MTCL is a JV of TNEB and MSMC.

Onion, fruits drive food inflation to 8.04%

Thu, 04 Aug 2011 10:11:56 GMT

After dropping to a 20-month low in mid-July, food inflation inched up to 8.04 per cent for the week ended July 23 on expensive onion, fruits and milk. Food inflation was 7.33 per cent in the previous week, the lowest since November 2009.

Decision on FDI into multi-brand retail soon

Thu, 04 Aug 2011 07:16:28 GMT

Government said that it will take an early decision on opening up multi-brand retail sector for FDI after it formally gets minutes of the recommendations of top secretaries on the issue.In July 2010, DIPP floated a discussion paper on opening of the politically sensitive multi-brand retail

'No subsidised gas for people with income of 6 lac/yr'

Thu, 04 Aug 2011 06:45:09 GMT

The government should end subsidised domestic cooking gas (LPG) for people with income of more than Rs 6 lakh per annum, a Parliamentary Panel has suggested. A 14.2-kg LPG cylinder in Delhi currently costs Rs 395.35. This is Rs 247 short of its market price.

Hinduja Global Solutions buys out Canadian firm

Thu, 04 Aug 2011 06:12:48 GMT

Hinduja Global Solutions (HGS), which provides outsourcing solutions, on Wednesday said it acquired 100 per cent of the common stock of Canada-based company On-Line Support Inc (OLS) for C$74.85 million in an all cash deal.OLS is a leading customer relationship management.

e-Gov or erratic governance?

Thu, 04 Aug 2011 06:05:22 GMT

The weekend gone by, was Income Tax deadline, for millions of ordinary Indians. If my experience and that of my wife was in any way typical, it was also a time of frustrating, agonizing confrontation with half baked, improperly managed technology.

Nissan launches Sunny sedan in India

Wed, 03 Aug 2011 09:25:50 GMT

Nissan Motor India Private Ltd (NMIPL) on Wednesday unveiled Sunny sedan which will compete in mid-size segment in the country. The new sedan will hit the market in the next few months to coincide with the festive season.The 10th generation Sunny is based on the Nissan’s V platform.

Ybrant Digital, LGS Global to merge

Mon, 01 Aug 2011 11:10:28 GMT

Ybrant Digital Limited and LGS Global, both city based companies, on Monday said they would merge in order to create a global digital marketing powerhouse. The merger is subject to regulatory approvals from Indian stock exchanges and the high court of Andhra Pradesh, India.

Four Soft gets order from UK firm House of Freight

Mon, 01 Aug 2011 11:06:37 GMT

City-based software firm Four Soft on Monday said it was selected by House of Freight to be their logistics solutions partner in the UK. This agreement was executed through Four Soft UK Limited, a wholly owned subsidiary of Four Soft Limited, India.

Five banks including Andhra Bank hike lending rates

Mon, 01 Aug 2011 10:58:52 GMT

Five banks, including Indian Bank, Andhra Bank and Bank of Maharashtra, raised lending rates by up to 50 basis points in line with other lenders. The hike in interest rates come within a week of the RBI raising its key policy rates by a hefty 50 basis points to check high inflation.

Maruti Suzuki sales falls 25.35 pc in July

Mon, 01 Aug 2011 10:52:05 GMT

Maruti Suzuki India, the top car maker in the country has seen a fall in sales of about 25.35 per cent in July. The company was able sale only 75,330 units in July compared to same month last year, the sales stood at 1,00,857 units.The cars like Estilo, Swift , Astar saw a 56.02 pc dip in sales.

Satyam case: Raju, six others file bail pleas

Mon, 01 Aug 2011 10:38:10 GMT

Prime accused in the multi-crore accounting "fraud" in Satyam Computers and former company chairman B Ramalinga Raju and six others accused in the case on Monday filed bail petitions in a local court.Earlier, the Supreme Court directed the accused may file bail application only after July 31, 2011

Bharti AXA General Insurance crosses one million policies

Sat, 30 Jul 2011 06:12:19 GMT

Bharti AXA General Insurance, one of the leading private players in the general insurance space, added another feather to its cap by crossing the landmark of one million policies, from the time of their inception in 2008.

ICICI Bank acquires 29.30 pc stake in GTL

Sat, 30 Jul 2011 06:06:22 GMT

Country’s largest private lender ICICI Bank has acquired 29.30 per cent stake in telecom network services firm GTL Ltd after taking over 2.85 crore shares pledged by the promoters.One of the promoter group firm of GTL Ltd, Global Holding Corporation, had pledged 2.85 crore shares.

India Infoline arm to raise Rs 750 cr through NCDs

Sat, 30 Jul 2011 05:59:33 GMT

India Infoline Investment Services Limited, the financial services arm of India Infoline Limited (IIFL), is planning to raise Rs 700 crore through public issue of secured redeemable non-convertible debentures (NCDs).The company will issue NCDs of Rs 1000 face value each.

SAIL Q1 net down 20 pc at Rs 838 crore in Q1

Sat, 30 Jul 2011 05:49:37 GMT

Hit hard by higher raw material costs, Steel Authority of India (SAIL) on Friday reported a 29 per cent dip in net profit to Rs 838 crore for the first quarter of the current fiscal despite nearly 20 per cent jump in sales. It posted net profit of Rs 1,177 crore in the same quarter last fiscal

Orchid Pharma net down 28 pc in Q1

Fri, 29 Jul 2011 09:55:25 GMT

Chennai-based Orchid Chemicals & Pharmaceuticals Ltd on Friday reported a net profit of Rs 16.92 crore for the first quarter ended June 2011, down 28 per cent from Rs 23.53 crore in the same period a year ago.However, the company’s turnover jumped 23 per cent at Rs 449.23 crore.

Hero Honda changes name to Hero MotoCorp

Fri, 29 Jul 2011 12:42:06 GMT

The country's largest two-wheeler maker Hero Honda Motors on Friday said it has changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.The company is also in the process of introducing a new global brand identity in London next month.

Sling Media launches Slingbox in Hyderabad

Wed, 27 Jul 2011 09:50:54 GMT

Sling Media, Inc, an arm of Nasdaq-listed Echostar Corporation, on Wednesday launched Slingbox in Hyderabad. This unique product, which has won Emmy award, facilitates watching of home television on mobile phone, PC, laptop or tablet, while on the move.

Gail India Q1 net up 11pc at Rs 985 cr

Wed, 27 Jul 2011 09:05:52 GMT

PSU Gail India on Wednesday posted 11 per cent rise in net profit at Rs 985 crore for the April-June quarter over the same period a year ago, as the monopoly gas shipper transported more volumes.During the corresponding period a year ago, the company's net profit stood at Rs 887 crore.

HCL Tech April-June profit surges 52 per cent

Wed, 27 Jul 2011 10:34:04 GMT

HCL Technologies , country's fourth largest software services firm, on Wednesday posted a better-than-expected 52 per cent jump in net profit for April-June, as all its verticals and geographies posted strong growth.HCL said consolidated profit rose to Rs 511 crore for April-June.

India attracts $25 bn FDI in 2010, slips to 14th spot

Wed, 27 Jul 2011 08:49:33 GMT

India slipped to 14th spot in the list of countries that attracted the highest foreign direct investment last year, with inflows declining by about $10 billion to $25 billion, says a UN report.India is ranked way below neighbouring China, which saw FDI inflows to the tune of $106 billion in 2010.

Maruti Suzuki Q1 net up 18 pc at Rs 549 cr

Tue, 26 Jul 2011 09:44:35 GMT

India’s largest carmaker Maruti Suzuki on Tuesday reported an 18 per cent in the net profit for the quarter ending June 30, 2011, helped by higher other income. The automaker posted net profit of Rs 549 crore during Q1 this fiscal, as compared to Rs 465 crore in the same quarter a year.

IndiGo plans flights to Dubai from New Delhi, Mumbai

Tue, 26 Jul 2011 11:54:36 GMT

Budget carrier IndiGo will soon start services between Dubai and New Delhi and Dubai and Mumbai, company officials said here. The flights between Dubai and New Delhi will begin in September and those connecting Mumbai a month later. IndiGo will be the second no-frills Indian airline to do so.

RBI raises key policy rates by 50 bps

Tue, 26 Jul 2011 11:44:56 GMT

The Reserve Bank of India (RBI) on Tuesday raised repo rate by 50 basis points to 8 per cent and reverse repo to 7 per cent in its policy meet to arrest rising inflation in Asia's third largest economy. The central bank also raised inflation forecast to 7 per cent from 6 per cent earlier.

Reliance Industries net up 17 pc at Rs 5,661 cr in Q1

Mon, 25 Jul 2011 09:55:31 GMT

Reliance Industries on Monday reported nearly 17 per cent rise in net profit in the quarter ended June 30 on back of higher refining margins. The net profit was up 16.7 per cent at Rs 5,661 crore in April-June quarter this fiscal compared to Rs 4,851 crore in the same period the previous year.

General Motors launches diesel version of Beat

Mon, 25 Jul 2011 09:42:24 GMT

Carmaker General Motors on Monday launched the diesel version of its small car, Beat, in India, priced between Rs 429,000 and Rs 545,000).The company launched the diesel car with a 1.0-litre engine, which has been developed specifically for India by GM's Technical Centre in Bengaluru.

'50 new mega food parks planned in 12th Five-Year Plan'

Sun, 24 Jul 2011 12:33:29 GMT

The government aims to set up 50 new mega food parks across the country in the 12th Plan to minimise damage to huge amount of fruits and vegetables in the absence of wider network of food processing units. He said country is losing Rs 40k cr a year due to lack of sufficient food processing units.

SBH posts 284 crore net in Q1, up 41%

Sun, 24 Jul 2011 12:11:56 GMT

State Bank of Hyderabad (SBH) on Saturday posted 41 per cent rise in net profit at Rs 283.94 crore for the first quarter ended June 30, 2011 due to increase in interest income. The bank posted Rs 201.24 crore net in the same period a year ago.The net interest income increased 15.23 per cent.

Hero Honda to unveil new brand identity on August 9

Sun, 24 Jul 2011 12:05:52 GMT

The country's largest two-wheeler maker Hero Honda will reveal its global brand identity in London on August 9, as it takes the first major step of establishing its new image after going solo following erstwhile Japanese promoter Honda's exit. It hired Wolff Olins to create the new brand identity.

CoS recommends 51 pc FDI in multi-brand retail

Sat, 23 Jul 2011 06:52:20 GMT

Virtually opening the doors for global giants like WalMart and Carrefour, the Committee of Secretaries (CoS) on Friday recommended up to 51 per cent foreign direct investment (FDI) in the politically sensitive multi-brand retail.A foreign retailer will have to commit $100 million investment.

RBI to issue new coins of 50 paise to Rs 10 denomination

Sat, 23 Jul 2011 06:47:28 GMT

The Reserve Bank on Friday said it will soon put into circulation new coins in five denominations, ranging from fifty paise to Rs 10. "The RBI will shortly put in circulation... coins of the fifty paise, one rupee , two rupees, five rupees and ten rupees denominations," it said.

US bank cancels multi-million dollar deal with Infosys

Fri, 22 Jul 2011 09:30:37 GMT

Union Bank of California has cancelled the multi-million dollar deal for core banking solution Finacle with Indian IT major Infosys.Finacle is one of the major core banking solution in the Indian and the Asian banking domains, contributing nearly 5 per cent to Infosys' overall sales.

Cabinet approves BP buying stake in RIL's 21 blocks

Fri, 22 Jul 2011 09:22:37 GMT

After nearly five months wait, the Government on Friday cleared UK's BP Plc buying 30 per cent stake in most of Reliance Industries ' oil and gas blocks, including the showpiece KG-D6 gas fields, for $7.2 billion.The deal will give Reliance access to BP's expertise in deep-water drilling.

Biocon Q1 net down 9 pc at Rs 70.05 crore

Fri, 22 Jul 2011 08:48:21 GMT

Biotech firm Biocon on Thursday said its consolidated net profit declined 8.71 per cent to Rs 70.05 crore for the quarter ended June 30, due to lower licencing income during the first quarter.The company had posted a net profit of Rs 76.74 crore for the April-June period.

PNB's India Factoring to open branch in Hyderabad

Fri, 22 Jul 2011 07:15:31 GMT

India Factoring & Finance Solutions Pvt Ltd, a joint venture of the state-owned Punjab National Bank (PNB) and three other entities,is extending its factoring business to Andhra Pradesh with the opening of its branch office in Hyderabad this month.

Maaza wins Reader’s Digest award

Fri, 22 Jul 2011 07:12:35 GMT

Maaza, the mango juice drink brand of Coca-Cola India, bagged Reader’s Digest’s Most Trusted Brand Gold Award. It won the award in the juice segment of food and beverage category.

AppLabs wins Global Services 100 award

Thu, 21 Jul 2011 09:00:00 GMT

City-based software testing company AppLabs on Thursday said it was named in the coveted 2011 Global Services 100 (GS100) list for the fourth straight year. AppLabs also made to the top specialty product engineering vendors List.The top 100 list is based on over 200 data points.

Food inflation slips to 7.58 pc for week ended July 9

Thu, 21 Jul 2011 02:01:24 GMT

Food inflation fell to a three-week low of 7.58 per cent for the week ended July 9 on the back of cheaper pulse prices and a high base last year.Food inflation, as measured by the Wholesale Price Index (WPI) stood at 8.31 per cent in the previous week.

Dr Reddy's Q1 net rises 25% at Rs 263 crore

Thu, 21 Jul 2011 06:20:11 GMT

City-based drug major Dr Reddy's Laboratories today said its consolidated net profit has gone up by 25.38% to Rs 262.74 crore for the first quarter ended June 30, 2011, over the same period previous fiscal.The company had a net profit of Rs 209.55 crore a year ago.

Tap India's growing middle class, US tells its companies

Wed, 20 Jul 2011 10:20:56 GMT

Concerned over the escalating competition from India and China, a top US official has asked the American companies to "flex muscles" and tap the expanding middle class in these countries. Competition from countries like India and China is more intense.

Wipro Q1 net up 1.2 per cent at Rs 1,335 crore

Wed, 20 Jul 2011 09:58:49 GMT

The country's third largest software exporter Wipro on Wednesday reported a growth of 1.23 per cent in consolidated net profit for the quarter ended March 31, 2011, to Rs 1,334.9 crore. Last year, the company posted a net profit of Rs 1,318.6 crore for the fourth quarter.

IT, ITES sectors witnessing highest attrition rate in India

Wed, 20 Jul 2011 09:53:06 GMT

The information technology (IT) and healthcare sectors are witnessing the highest attrition rates among talented employees, making retention of critical manpower resources a key challenge, says a survey.the IT and ITES sectors saw the highest attrition rate of 23 per cent in Q1.

Audi drives Rs 77-lakh RS 5 coupe into Hyderabad

Wed, 20 Jul 2011 09:38:26 GMT

German carmaker Audi on Tuesday launched its acclaimed luxury sports coupe RS 5 in Hyderabad. The coupe, which is priced at Rs 77.35 lakh (Ex-showroom, Hyderabad), comes with 4.2 litre FSI 8-cylinder engine that puts out 450 bhp power and delivers peak torque of 430 Nm.

Beetel plans six new mobile handsets, tablet

Tue, 19 Jul 2011 08:51:56 GMT

Beetel Teletech Limited, a part of Bharti Enterprises that owns airtel brand, on Monday said it would roll out six new mobile handsets and a low-priced tablet by October this year.The first tablet from Beetel will come with Android 2.2, 7-inch screen and several advanced features.

Godrej Properties to develop two residential projects

Mon, 18 Jul 2011 10:11:07 GMT

Godrej Properties Ltd, the real estate development arm of Godrej Group, has formed two limited liability partnerships (LLPs) with Godrej & Boyce (G&B) to develop residential projects in Hyderabad and Thane.Godrej Buildcorp LLP (GB LLP) will develop the 9.16 acres land parcel at Moosapet, Hyderabad.

FE Clean Energy invests $40 mn in NSL Renewable Power

Mon, 18 Jul 2011 09:18:58 GMT

NSL Renewable Power Private Limited (NRPPL), part of the city-based NSL Group, said on Monday that it received $40 mn investment from FE Clean Energy Group, a leading clean energy focused private equity fund. NRPPL will use the capital raised to meet equity commitments.

Razi Healthcare opens 35th clinic in city

Mon, 18 Jul 2011 08:41:56 GMT

ith an aim to take the primary healthcare to all major locales of twin cities, Razi Healthcare on Monday opened its clinic in Gandhi Nagar. With this, the healthcare firm's chain of modern, affordable and easily accessible clinics in Andhra Pradesh has gone up to 35.

Google India, Makemytrip among 'Best Companies to Work'

Sun, 17 Jul 2011 09:56:22 GMT

Google India, Makemytrip, Marriott, Intel and American Express were adjudged as the 'Best Companies to Work' in India this year in a study conducted by Great Place to Work Institute.The top 50 best workplaces are concentrated in Mumbai, NCR and Bangalore.

Record foograin output, but need to produce more: PM

Sun, 17 Jul 2011 09:49:43 GMT

Announcing a record foodgrain production at 241 million tonnes (MT) in 2010-11, Prime Minister Manmohan Singh today said the country still needs to produce more to meet the rising demand, besides controlling high food prices. Agriculture growth is to be 3 per cent in 11th plan.

Gold climbs new peak at Rs 23,270 on global cues

Sun, 17 Jul 2011 09:35:21 GMT

Gold surged Rs 150 to hit a new high of Rs 23,270 per 10 grams today on brisk buying by stockists, driven by a firming global trend. Silver also staged a strong come back by rising Rs 1,000 to Rs 57,500 per kg on increased offtake by industrial units.

BSE to meet Sebi officials on launch of SME exchange

Sat, 16 Jul 2011 09:29:08 GMT

The country's premier bourse Bombay Stock Exchange (BSE), which is awaiting a final approval from the SEBI for launching its SME exchange, will meet the regulator on July 18 for seeking clarity on some regulatory issues.BSE needs the approval 45-60 days prior to the target launch.

Honda unveils new CBR 250R bike in Hyderabad

Sat, 16 Jul 2011 07:19:21 GMT

Honda Motorcycle & Scooter India Pvt. Ltd on Friday unveiled its sports bike CBR 250R in Hyderabad. The bike is available standard and C-ABS variants priced at Rs. 1.47 lakh and Rs. 1.73 lakh respectively (Ex-Showroom, Hyderabad). The company enters into high performance segment.

Sony India plans to double Vaio laptop sales in AP

Sat, 16 Jul 2011 07:06:43 GMT

Sony India on Friday announced its strategy to double Vaio notebook sales in India by selling 5 lakh units in 2011, from 2.5 lakh unit in 2010. It also aims to double its sales in Andhra Pradesh from 18,500 units to 36,500 units this year. It has 61 models in 16 colours.

Tata Motors global sales fall marginally in June

Fri, 15 Jul 2011 08:43:55 GMT

Tata Motors on Friday said its global sales declined nearly one per cent in June to 89,846 units as against 90,702 units in the same month last year.Sales of luxury brands from Jaguar Land Rover were at 20,358 units during June, up one per cent from the same month last year.

Is Sony set to buy ETV's 11 channels?

Fri, 15 Jul 2011 08:42:21 GMT

In what could become the biggest media deal in the country, Mumbai-based Multi-Screen Media (MSM), which runs Sony Television in India, is set to buy Ramoji Rao-owned Eenadu TV’s (ETV’s) bouquet of 11 regional channels for $500-600 mn(Rs 2,250-2,400 crore), a news report said.

Ford India launches new Fiesta priced up to Rs 10.51 lakh

Thu, 14 Jul 2011 11:28:46 GMT

US carmaker Ford today launched a new version of its sedan Fiesta, the first of eight new global vehicles that the firm plans to introduce in India by 2015, priced up to Rs 10.51 lakh. The car will be produced at the Chennai facility of the company's Indian arm.

TCS posts Rs 2,380-cr net in Q1, up 26 pc

Thu, 14 Jul 2011 11:19:11 GMT

Country's largest IT exporter Tata Consultancy Services (TCS) registered its first-quarter net profit of Rs 2,380 crore ($535 million), which is a 26 per cent growth from the previous corresponding period, in accordance with international financial reporting standards.

Bajaj Auto net up 21 pc at Rs 711-cr in Q1

Thu, 14 Jul 2011 11:10:32 GMT

Two-wheeler giant Bajaj Auto Limited on Thursday reported a net profit of Rs.711 crore for for the first quarter ended on June 30, 2011, up 21 per cent from Rs 590 crore net in the corresponding quarter a year ago.The company’s turnover jumped by 22 per cent during the period under review.

Food inflation rises to 8.31pc for week ended July 2

Thu, 14 Jul 2011 11:02:05 GMT

Snapping a two-week declining trend, food inflation rose to 8.31 per cent for the week ended July 2 on the back of soaring prices of protein-based items, cereals and vegetables.Food inflation, as measured by the Wholesale Price Index (WPI), rose by 0.70 percentage points.

Fapcci urges CM to withdraw 4% VAT on textiles, sugar

Thu, 14 Jul 2011 06:58:04 GMT

The Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci ) on Wednesday urged Chief Minister N Kiran Kumar Reddy to withdraw four per cent VAT on textiles and sugar.The tax will not only burden the consumers, but will also divert the business to other states.

Four PSU banks raise interest rates by up to 50 bps

Wed, 13 Jul 2011 09:13:04 GMT

As many as 4 state-owned banks including Oriental Bank of Commerce (OBC) and Indian Bank hiked interest rates by up to 50 basis points on Wednesday.While Indian Bank and Allahabad Bank raised base rate by 25 basis points; OBC, IDBI Bank raised up to 50 basis points.

Cos raked in $65 bn globally through IPOs in Q2, 2011: E&Y

Wed, 13 Jul 2011 09:05:40 GMT

Global companies mopped up a whopping $65 billion through initial public offers (IPOs) during April-June, 2011, with firms from Asia accounting for 42 per cent of the total capital raised, a report by Ernst & Young says. 378 companies raised $64.6 billion through IPOs globally.

Mahindra launches Genio DC pick-up in Andhra Pradesh

Wed, 13 Jul 2011 08:44:54 GMT

Utility vehicle major Mahindra & Mahindra on Wednesday unveiled its Genio DC double cabin premium pick-up in Andhra Pradesh.The base variant of Genio DC is priced at Rs 5.51 lakh, while the high-end version is available at Rs 6.01 lakh (Ex-showroom, Hyderabad).

Indian Cos avoid IPO, FPO route to raise funds in H1, 2011

Wed, 13 Jul 2011 06:10:42 GMT

Public offers seem to have gone out of favour with Indian companies, which raised over Rs 11,000 crore through IPOs and FPOs in the first six months of 2011, just one-third of the year-ago levels.A total of 34 companies raised Rs 34,150 crore through IPOs and FPOs in the first six months of 2010.

4 pharma firms sign pact with Gilead for 3 generic HIV drugs

Tue, 12 Jul 2011 09:57:35 GMT

Four pharma companies, including city-based Matrix Laboratories on Tuesday inked pact with US-based Gilead Sciences, Inc to produce and sell generic equivalents of latter's three HIV/AIDS drugs in India and other countries. They made similar pact with Gilead in 2006.

Infosys to hire 12,000 people in Q2, 45,000 in FY12

Tue, 12 Jul 2011 08:49:10 GMT

Keeping up the hiring momentum, Infosys on Tuesday said it will hire about 12,000 people in Q2. The company currently has over 1.33 lakh employees.At the beginning of the current financial year, Infosys announced plans to hire 45,000 people. Already, about 26,000 offers were made in campuses.

Reliance MediaWorks in pact with Digital Domain

Tue, 12 Jul 2011 10:40:27 GMT

Reliance MediaWorks , part of billionaire Anil Ambani's group, said on Tuesday it has partnered with Digital Domain Media Group Inc , to expand its visual effects and 3D conversion services.

Infosys Q1 net rises 15.72 per cent at Rs 1,722 crore

Tue, 12 Jul 2011 10:34:34 GMT

The country's second largest software firm Infosys on Tuesday reported a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore for the first quarter ended June 30, 2011.The company had posted a net profit of Rs 1,488 crore for the same quarter of the previous fiscal.

8 Indian cos among world's 500 largest corporations

Tue, 12 Jul 2011 06:46:16 GMT

Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine , with Indian Oil finding a place in the top 100 and Reliance Industries in 134th spot.Indian Oil cornered the 98th spot, up from 125th place last year.

SIAM lowers vehicle sales growth to 11-13 pc in FY12

Tue, 12 Jul 2011 06:27:38 GMT

The Society of Indian Automobile Manufacturers (SIAM) has lowered its vehicle sales growth forecast for FY’12 to 11-13 per cent from 12-15 per cent announced three months earlier, mainly due to higher interest rates and rising fuel prices.It also predicted a lower growth for FY13.

Progress Software expands Hyderabad operations

Mon, 11 Jul 2011 08:37:49 GMT

Nasdaq-listed Progress Software Corporation on Monday expanded its operations in the city by inaugurating its new office premises, which has capacity to accommodate 450 employees.Progress Software uses development centres in India to develop products and solutions

Amway India eyes Rs. 2, 500 crore business by 2012

Mon, 11 Jul 2011 08:21:08 GMT

Consumer and home products direct marketing company Amway India, a wholly-owned subsidiary of the US-based Amway Corp , expects to do business worth Rs 2,500 in India by 2012.Amway India posted a turnover of Rs 1,790 crore last year - up from Rs 1,407 crore in 2009.

2G scam: ED slaps Rs 7,000 crore fine on Etisalat-DB

Sun, 10 Jul 2011 08:51:53 GMT

The Enforcement Directorate (ED) on Saturday slapped Rs 7,000 crore penalty on telecom firm Etisalat DB on various charges of FEMA violations in the 2G spectrum allocation scam. The penalty was imposed for "suspected contravention" of foreign exchange rule.

IRDA imposes Rs 70-lakh fine on SBI Life Insurance

Sun, 10 Jul 2011 06:58:18 GMT

The Insurance Regulatory and Development Authority (IRDA) has imposed a fine of Rs 70,00,000 on SBI Life Insurance company for paying around Rs.204 crore to eight of its corporate agents and six master policyholders, far in excess of the stipulated levels.

80,000 companies in northern India are 'defaulters': MCA

Sat, 09 Jul 2011 09:36:33 GMT

Asserting that Companies that have not filed annual returns and balance sheet to Ministry of Corporate Affairs (MCA) for past five years have been put on notice, a senior official of MCA said on Saturday. There were 80,000 such companies in Northern India.

Yes Bank eyes 35 pc annual growth till 2015

Sat, 09 Jul 2011 08:08:57 GMT

Private sector Yes Bank is eyeing a compounded annual growth rate (CAGR) of 35 per cent till 2015, the bank’s Managing Director and CEO Rana Kapoor said. With a present branch network of 255 across 170 locations in the country, Kapoor said that the target by 2015 would be 750 branches.

Incredible India attracts over 4 lakh foreigners in June

Fri, 08 Jul 2011 08:42:41 GMT

The 'Incredible India' campaign has attracted around four lakh foreign tourists in June this year as against 3.70 lakh in the corresponding period last year. There were 3.96 lakh foreign tourists in June this year showing an increase of 7.2 per cent in June 2011 over June 2010.

Most-powerful PSLV to launch GSAT-12 next week

Fri, 08 Jul 2011 08:30:56 GMT

ISRO is using the most powerful configuration of its rocket PSLV to launch a communication satellite from Sriharikota on July 15 as it braces for the nearly Rs 200 cr mission.It's only for the second time ever that a PSLV is being used to loft a communication satellite, the first one being in 2002.

HDFC net profit up 22 pc at Rs 844.5 cr in Q1

Fri, 08 Jul 2011 08:24:33 GMT

Housing mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Friday reported a 22 per cent Y-o-Y growth in net profit to Rs 844.53 crore for the April-June quarter of the current fiscal. The HDFC had reported a profit of Rs 694.59 crore in the June quarter of 2010-11

State Bank of India to raise $5 billion via offshore loans

Fri, 08 Jul 2011 07:55:48 GMT

The country's largest lender State Bank of India on Friday said it plans to raise USD 5 billion through offshore loans by December. The debt would be raised during the second or the third quarter of this fiscal. The bank is confident of maintaining its net interest margin (NIM).

NSL Group acquires Jay Mahesh Sugar Plant

Fri, 08 Jul 2011 06:30:32 GMT

NSL Sugars, a part of city-based NSL Group, on Thursday said it acquired Jay Mahesh Sugar Industries located in Beed district of Maharashtra. The complex has a capacity of 5000 tonnes of cane crushing per day (TCD).NSL Sugars acquired entire stake in Jay Mahesh from the existing shareholders.

SBI hikes deposit rates by up to 1 pc, home loan rates to go up

Thu, 07 Jul 2011 09:59:13 GMT

State Bank of India on Thursday hiked deposit rates by upto 100 basis points. The bank also hiked base rate by 25 basis points to 9.50 per cent. The new rates will come into effect from July 11.With the hike in the lending rates, home, auto and commercial loans will become expensive.

India adds 13.35 million new mobile users in May: Trai

Thu, 07 Jul 2011 08:44:26 GMT

Telecom operators added 13.35 million mobile subscribers in May 2011, taking the total number of telephone users in the country to 874.68 million. Mobile subscriber base increased to 840.28 million at the end of May from 826.93 million in the preceding month, registering a growth of 1.61 per cent.

Tech Mahindra bags IT contract from Microsoft

Thu, 07 Jul 2011 08:38:04 GMT

Tech Mahindra on Thursday said it secured a contract from software giant Microsoft to establish a lab for video encoders used in deployment of IPTV solutions on Microsoft Mediaroom platforms. However, the company did not reveal the financial details of the contract.

Lakshmi Vilas Bank introduces three new services

Thu, 07 Jul 2011 04:21:49 GMT

Lakshmi Vilas Bank (LVB) today launched three new services, including point of sales (POS), depository participant (DP) services and application supported by blocked amount (ASBA).

Toyota Kirloskar Motors to expand plant capacity

Thu, 07 Jul 2011 06:25:34 GMT

Toyota Kirloskar Motors will expand the capacity of its second plant in Karnataka, which manufactures models like the Etios and Liva. The capacity of the second plant would be increased from 70,000 units per annum to 1.20 lakh units per annum, Toyota Kirloskar Motors VP (Sales) S Shetty said.

Boeing says India will order 1,320 aircraft in two decades

Thu, 07 Jul 2011 06:08:11 GMT

India will order 1,320 aircraft, worth $150 billion, over the next two decades, American aircraft manufacturer Boeing has said in its latest market outlook. Globally, Boeing forecasts a market for 33,500 new passenger airplanes and freighters over the next 20 years, worth $4 trillion.

Essar group involved in 2G scam: CBI tells SC

Wed, 06 Jul 2011 10:27:11 GMT

CBI on Wednesday indicated involvement of Essar group in the 2G spectrum scam when it said in the Supreme Court that Loop, which got licence during the tenure of A Raja, was its front company. The agency also questioned the role of Ministry of Corporate Affairs in giving clean chit to Essar group.

SKS Microfinance staff swindled Rs 1.6 cr in FY11: Auditors

Wed, 06 Jul 2011 09:40:40 GMT

The auditors of the SKS Microfinance have 'identified' 156 cases of alleged cash embezzlement by some of its employees who have conned the firm to the tune of Rs 1.60 crore during FY11.The auditors have identified as many as 156 cases of cash embezzlements.

Infor, Golden Gate Capital complete acquisition of Lawson Software

Wed, 06 Jul 2011 08:44:55 GMT

GGC Software Holdings, Inc, an affiliate of Golden Gate Capital, and Infor, a leading provider of business software serving more than 70,000 customers, on Wednesday announced the completion of its acquisition of Lawson Software, Inc.

Xavient Information Systems opens new delivery centre in Noida

Tue, 05 Jul 2011 09:26:26 GMT

Xavient Information Systems ("Xavient") a leading IT consulting services organization has announced the opening of its fifth delivery centre in Noida, India. This state-of-the-art facility is a milestone in the ongoing growth of the organization.

BP to aid RIL in oil and gas hunt at KG-D6 fields

Tue, 05 Jul 2011 09:22:52 GMT

BP Plc, Europe's second-largest oil company, is hoping to help Reliance Industries find more oil and gas and boost output at the showpiece KG-D6 fields after its $7.2 billion deal, the nation's largest foreign direct investment ever, is cleared by the government.

Infotech Enterprises recieves IACC honour

Tue, 05 Jul 2011 09:08:52 GMT

Infotech Enterprises Limited, city-based leading global engineering services company, on Tuesday said the company was recognized as the “Best Indian Company located in South India doing business in the USA “by Indo-American Chamber of Commerce (IACC) South India Council (SIC).

Coromandel inks pact with QAFCO for urea supply

Tue, 05 Jul 2011 09:00:35 GMT

Coromandel International Limited, leading manufacturer of a wide range of fertilizers, on Tuesday signed an agreement with Qatar Fertiliser Company (QAFCO) for supply of urea. QAFCO is a leading ammonia, urea and melamine manufacturer from Qatar.

Krishnapatnam Port inks MoU with CONCOR for containerized cargo

Tue, 05 Jul 2011 07:58:17 GMT

Krishnapatnam Port Company Ltd (KPCL), India’s emerging largest gateway in the east coast, signed an agreement with the Container Corporation of India Ltd (CONCOR), to provide seamless movement of container traffic from the port to the hinterland.

Much ado about Google’s Street View

Tue, 05 Jul 2011 02:39:07 GMT

I switched to StreetView and got the stunning feel of actually standing on the road outside apartment block, I was looking for. I could swoop down and “walk” along the street, discovering that the nearest MRT – Boon Lay – was just 50 metres away , as was a mall, Jurong Point.

Industry leaders keen to tie up with India Post

Mon, 04 Jul 2011 11:27:46 GMT

Banking, telecom, logistics, IT companies and industry associations on Monday expressed a desire to tie up with India Post to sell their products. The public sector banks discussed retailing of loan products, mutual funds and other new age financial products.

Nagarjuna Construction secures Rs 815-cr new orders

Mon, 04 Jul 2011 11:18:27 GMT

City-based Nagarjuna Construction Company (NCC )on Monday said it bagged new contracts totalling Rs 815 crore to be executed over a period of upto 36 months.NCC said it has secured a Rs 215 crore contract from Rail Vikas Nigam, Bhubneswar. The project would be completed over 36 months.

Gold rises to Rs 21,960 on global cues, silver remains week

Mon, 04 Jul 2011 11:10:34 GMT

A divergent developed on the bullion market on Monday as gold rebounded by Rs 140 to Rs 21,960 per 10 grams on emergence of buying on firming global trend, while silver remained weak and lost Rs 150 to Rs 51,350 per kg due to lack of support. The gold rose by $7.22 to $1,495 an ounce in London.

Mahindra launches compact cab Gio in Hyderabad

Mon, 04 Jul 2011 10:47:01 GMT

Mahindra & Mahindra Ltd, a part of the US $12.5 billion Mahindra Group, on Monday launched Gio compact cab, its next generation passenger cab, in Hyderabad. This 4-wheeler cab is targetted at intra-city and contract carriage travel segments in the country.

Gold dips below Rs 22,000 level, silver sheds Rs 350

Sat, 02 Jul 2011 10:33:48 GMT

Gold prices dipped below Rs 22,000 per 10 grams after 10 weeks in the national capital today on sustained selling by stockists on the back of a weak trend overseas. Gold declined by Rs 230 to Rs 21,820 per 10 grams, a level last seen on April 19. Silver fell by Rs 350 to Rs 51,500 per kg.

Hiring picks up on positive growth outlook

Sat, 02 Jul 2011 10:27:33 GMT

The gloom of economic crisis on the job market is over. Most people who lost their jobs in 2009 have either been re-hired by their old employers or found new jobs.Almost 72 per cent employees whose services were terminated or who resigned between June 2009 and May 2010 have found full-time jobs

Britannia to invest over Rs.200 crore in new plants

Sat, 02 Jul 2011 10:20:27 GMT

Food products maker Britannia Industries Ltd is planning a total investment of more than Rs.200 crore this fiscal for setting up two plants in Orissa and Bihar, a top company executive said on Saturday.Last year, Britannia grew 22 per cent in revenue and 30 per cent in terms of profit.

United Spirits acquires 19.99 pc stake in Sovereign Distilleries

Sat, 02 Jul 2011 11:10:48 GMT

United Spirits Ltd, the flagship of the Bangalore-based UB Group, on Saturday said it acquired 19.99 per cent more equity in Sovereign Distilleries Limited (SDL), taking its total stake in the company to 61.53 per cent.

Saksoft acquires Synetairos Technologies

Sat, 02 Jul 2011 10:59:30 GMT

Saksoft Limited, the information management specialist, has acquired Synetairos Technologies Limited, a consulting services company.

Citigroup CEO Vikram Pandit's payouts climb to $200 mn

Sat, 02 Jul 2011 06:47:21 GMT

Citigroup Chief Executive Officer Vikram Pandit , who took a $1 salary after his bank received the most taxpayer assistance of any US lender, is poised to collect $80 million from other payments and awards that may eventually total more than $200 million.

ICICI Bank hikes lending rate by 25 bps to 9.50 pc

Sat, 02 Jul 2011 06:19:29 GMT

The country largest private sector lender, ICICI Bank, on Friday announced a hike of 25 basis points in its lending rate to 9.50 per cent effective from Monday.The bank also announced an increase of 0.25 per cent in its benchmark prime lending rate and in its floating rate.

TCS plans capex of Rs 2,300 cr in FY 12: Ratan Tata

Fri, 01 Jul 2011 09:33:35 GMT

Tech major Tata Consultancy Services (TCS) has planned capital expenditure of Rs 2,300-crore in FY 12, the company chairman Ratan Tata said at the annual general meeting (AGM) on Friday.Tata made the statement responding to queries by shareholders.

Dhanuka Agritech commences trade at NSE

Fri, 01 Jul 2011 07:59:35 GMT

Dhanuka Agritech Ltd, a part of Rs. 500-crore Dhanuka Group, has received listing permission on National Stock Exchange (NSE) trading under the scrip code Dhanuka-EQ. The scrip opened at Rs 92.60 and touched a high of Rs 96.95 on the very first day of trading.

Prometric steps up security measures at test centres in India

Fri, 01 Jul 2011 07:54:43 GMT

To safeguard its clients’ testing programmes against unwanted behaviours either by candidates or other third parties, Prometric employs advanced technologies and best practices to protect their intellectual property and testing information.

Recent strike hits Maruti hard as sales fall 8.8 pc in June

Fri, 01 Jul 2011 11:51:14 GMT

India’s leading carmaker Maruti Suzuki registered 8.8 per cent fall in its sales in June 2011. The carmaker sold 80,298 units in June 2011, as compared to Rs 88,091 units it delivered in the same month a year ago.The automaker recorded negative sales growth across the board.

Katrina Kaif unveils Gitanjali Group’s new logo

Fri, 01 Jul 2011 06:04:07 GMT

Bollywood actress Katrina Kaif unveiled new corporate identity and logo of the Gitanjali Group on Thursday. Shardah Uniyal, GM - Marketing, and Sushil Sharma - VP, Business Development Luxury Brands, Gitanjali Group were present on the occasion.

India ranks third in snooping through Google

Fri, 01 Jul 2011 05:48:00 GMT

Google, a favourite place to search information on internet, has also emerged as a favoured snooping ground for the govt agencies and globally India ranks third in seeking user details from the internet major.In 2010 alone, Indian govt made over 3,000 requests seeking user details from Google

Global tech spend to jump 7.1 pc in 2011: Gartner

Fri, 01 Jul 2011 05:38:50 GMT

Information technology spending this year will grow faster than previously forecast, boosted by strong demand for new telecom gear and for computing hardware, research firm Gartner said.It now sees the global IT market growing 7.1 per cent this year to $3.672 trillion.

PAN mandatory for jewellery purchases of Rs 5 lakh, above

Fri, 01 Jul 2011 05:20:59 GMT

Be ready to mandatorily flash your PAN card, for any purchase of jewellery worth Rs five lakh or more from tomorrow -- a move that would help the tax department keep an eye on such high value transactions.Recently, RBI asked banks to consider bullion dealers as high-risk customers.

CA Technologies to acquire ITKO for $330 million in cash

Thu, 30 Jun 2011 06:57:26 GMT

CA Technologies on Thursday announced a definitive agreement to acquire privately-held Interactive TKO, Inc. (ITKO), a leading provider of service simulation solutions for developing applications in composite and cloud environments, for $330 million in an all-cash transaction.

Cheaper vegetables bring down food inflation to 7.78 pc

Thu, 30 Jun 2011 01:58:40 GMT

Food inflation fell to a one-and-a-half month low of 7.78 per cent for the week ended June 18 on the back of cheaper vegetables, pulses and potatoes.Food inflation stood at 9.13 per cent during the previous week. It was over 20 per cent during the comparable period of June, 2010.

Peugeot to set up Rs 4,000-cr plant in Tamil Nadu

Wed, 29 Jun 2011 07:39:14 GMT

Europe's second largest automobile maker PSA Peugeot Citroen has decided to set up an integrated automobile project near the Tamil Nadu capital at an investment of Rs.4,000 cr to roll out 300,000 cars per annum.The company proposed establishing the Indian operations as its 100% subsidiary.

Nokia launches E6, X7 with Symbian Anna user interface

Wed, 29 Jun 2011 07:29:13 GMT

Nokia on Wednesday launched two new smartphones, the E6 and X7, with Symbian Anna user interface - an upgraded version of the Symbian software with a faster browser - refreshed Ovi maps and higher security. Nokia will start shipping Nokia N8, E7, C7 and C6-01 with the new software update in July.

IMT opens new campus at Hyderabad

Wed, 29 Jun 2011 05:12:20 GMT

Institute of Management Technology (IMT), which is rated among the top 10 business schools in India, is all set to open its Hyderabad campus on July 2, 2011. The IMT currently has campuses in Ghaziabad, Nagpur and Dubai.

Geometric releases NestLib 2011 R2 with enhanced features

Wed, 29 Jun 2011 02:52:36 GMT

Software firm Geometric Limited on Wednesday released NestLib 2011 R2 with new and enhanced features.

SC asks West Bengal not to return Singur land to farmers

Wed, 29 Jun 2011 01:44:26 GMT

The Supreme Court directed the West Bengal government not to go ahead with distribution and return of land in Singur to farmers which was acquired for Tata Nano project.The bench said it was making it clear that this was an "interim arrangement".

ICON Aircraft gets $25 million private equity investment

Wed, 29 Jun 2011 01:39:58 GMT

ICON Aircraft said that it closed a $25 million round of equity funding in June. The round will fund the company through the completion of its ongoing engineering development program, manufacturing setup, and the beginning of production of its A5 amphibious sport plane.

Apollo Global to invest Rs 2,250 crore in Welspun Group

Wed, 29 Jun 2011 01:20:33 GMT

Private equity firm Apollo Global Management will invest upto Rs 2,250 crore in Welspun Group that owns leading pipe manufacturer Welspun Corp Limited (WCL). The deal, which is one of the biggest private equity investments in the recent times, is expected to close before August 12, 2011.

Intelligroup wins Inspire Award for HR I-Refer Program

Wed, 29 Jun 2011 12:49:40 GMT

Intelligroup, an NTT DATA company, on Wednesday said it received the NHRD Insight Award for its “I-Refer” program for talent acquisition, employer branding, and on-boarding initiatives.

Inflation at 5-6 pc ideal for Indian economy: Pranab

Wed, 29 Jun 2011 06:46:36 GMT

Amidst all-out efforts by the government and Reserve Bank of India to tame inflation, now hovering around 9 per cent, Finance Minister Pranab Mukherjee Tuesday said it would be ideal for the economy if it is managed at 5-6 per cent level.Overall inflation climbed to 9.06 per cent in May.

Google targets Facebook with new social service

Wed, 29 Jun 2011 06:19:36 GMT

Google Inc, frustrated by a string of failed attempts to crack social networking, is taking another stab at fending off Facebook and other hot social sites with a new service called Google Plus.Google designed the service to tie together all of its online properties.

Inflation cost Indians extra Rs 5.8 lakh cr in last 3 years

Tue, 28 Jun 2011 10:24:08 GMT

Amid government facing flak over high inflation, a study has revealed that Indian households incurred an additional expenditure of whopping Rs 5.8 lakh crore in the last three years because of spiralling prices. Inflation was not uniform and food items saw a sharper price hike.

Motorola Mobility launches Xoom tablet in India

Tue, 28 Jun 2011 10:16:42 GMT

Motorola Mobility became the latest entrant in India as it launched the Xoom tablet in 3G and Wi-Fi priced at Rs 32,990 and 39,990 respectively on Tuesday. Motorola Xoom will compete with the Apple iPad and Samsung Galaxy Tab,recently launched BlackBerry PlayBook and Chinese manufacturers.

IndusInd Bank signs MoU with the Indian Army

Tue, 28 Jun 2011 08:50:52 GMT

Indian Army, IndusInd Bank on Tuesday signed a Memorandum of Understanding for issuing salary accounts to personnel of all ranks of the Indian Army.

Usher Agro signs MOU with NBHC

Tue, 28 Jun 2011 08:58:44 GMT

Usher Agro Ltd, one of the largest rice millers in India, has signed an MOU with National Bulk Handling Corporation Limited (NBHC) for providing storage and handling of food grains across India for the company on a long-term basis.

GSV takes stake in Facebook, valuing it at $70 bn

Mon, 27 Jun 2011 11:18:42 GMT

Investment fund GSV Capital Corp has taken a small stake in Facebook that values the world's No. 1 social networking site at about $70 billion. The investment fund said on Monday that it had bought 225,000 shares in Facebook at an average price of $29.28 each.

IBM tops 2011 India Supercomputers list

Mon, 27 Jun 2011 11:12:41 GMT

Technology giant IBM has ranked numero uno in terms of supercomputers installed in the country, with six such sites, a report by the Indian Institute of Science (IISc)on Monday said. As per list for 2011, IBM topped the list with six high performance computing (HPC) installations across India.

Celkon Mobiles goes national, aims Rs 1,000 cr turnover

Mon, 27 Jun 2011 10:57:04 GMT

Celkon, which sold 10 lakh mobile handset units in 2010, on Monday launched its mobile handsets nationally. The company is now aiming Rs 1,000 crore in revenues, as against Rs 150 crore it made in 2010. It also plans to increase its sales to 50 lakh mobile handsets this year.

Toyota launches small car Liva priced at Rs 3.99 lakh

Mon, 27 Jun 2011 10:51:51 GMT

Japanese carmaker Toyota on Monday launched Etios Liva small car in India, priced at Rs 3.99 lakh-Rs 5.99 lakh (ex- showroom, Delhi). The launch marks Toyota’s foray into intensely-competitive compact car segment that forms major chunk of the Indian automotive market.

Tata Motors launches Nano in Nepal at Rs 5 lakh

Mon, 27 Jun 2011 09:14:13 GMT

After foraying into the Sri Lankan market, Tata Motors on Sunday said it has launched its small car Nano in Nepal at a price tag starting from 7.98 lakh Nepal rupees (about Rs 5.01 lakh).The car will be sold in the country through the company's authorised distributor -- Sipradi Trading Pvt Ltd.

US ready to address Indian concerns over visa fee hike

Sat, 25 Jun 2011 08:06:29 GMT

The US is ready to address Indian govt's concerns on a host of trade and business issues, including the H1B visa fee hike and social security equalisation, a top official here has said, ahead of the bilateral economic dialogue next week. The purpose of the dialogue is to know the concerns.

Indiamart.com backs Pack Plus South 2011

Sat, 25 Jun 2011 08:02:29 GMT

IndiaMART.com, India's largest online B2B marketplace, has decided to associate with one of the most renowned trade events Pack Plus South 2011 - The Total Packaging, Processing and Supply Chain Event, to be held in HITEX Exhibition Centre, Hyderabad.

Amul rated Top Indian Green brand in global survey

Sat, 25 Jun 2011 07:34:23 GMT

Amul has been rated as the Top Indian Green Brand by the Global Green Brands Study which reveals current consumers' attitudes and perceptions towards green issues.The team behind the public opinion research polled over 9,000 people in 8 countries from April 2- May 3, 2011 ranking over 370 brands.

Transporters to raise freight rates by 8-9 pc on diesel hike

Sat, 25 Jun 2011 07:09:32 GMT

Following hike in diesel rates, transporters on Saturday said they will raise freight rates by 8-9 per cent with immediate effect on all routes across India.The impact of increase in freight rates will be visible on transportation of all kinds of goods, including perishable commodities.

Jet Airways introduces mobile ticketing

Fri, 24 Jun 2011 07:25:08 GMT

Offering flight ticket booking through mobile phones, Jet Airways Friday entered into a partnership with ngpay, giving fliers a convenient option to seamlessly book tickets on their mobile phones.This service will allow fliers to book, cancel and refund their eTickets on their phones.

SBI completes 50 lakh Aadhaar enrolments

Fri, 24 Jun 2011 07:15:07 GMT

State Bank of India completed 50 lakh Aadhaar enrollments in the country making it the largest non-government registrar in the country clearly leading the way amongst the group.

Infotech receives award from Indo-German Chamber of Commerce

Fri, 24 Jun 2011 07:10:39 GMT

City-based software firm Infotech Enterprises Ltd received a high honor at the annual meeting of the Indo-German Chamber of Commerce in Düsseldorf, Germany.

Lanco faces Rs 16,600-cr lawsuit in Australia

Fri, 24 Jun 2011 07:02:56 GMT

Multinational Perdaman Industries has dragged Lanco Infratech to court in Australia seeking a AUD 3.5 billion (about Rs 16,600 crore) compensation for not complying with coal supply pact. According to Perdaman, Lanco is not complying with the coal supply agreement, worth billions of dollars.

Infosys sees big opportunities in cloud computing

Fri, 24 Jun 2011 06:51:44 GMT

Software major Infosys Ltd is eyeing big opportunities in cloud computing but advocates that there is need to put in place a policy framework for the same. cloud services currently form about 3 per cent of Infosys' overall income and more than 10 per cent if cloud products are also included.

Vodafone Essar launches 3G services in Andhra Pradesh

Fri, 24 Jun 2011 06:37:51 GMT

Vodafone Essar Ltd, one of India’s leading cellular service providers, on Friday said that 3G services would be made available to Vodafone customers in Andhra Pradesh. The services will be available in Hyderabad, Vijayawada and Vizag along with 49 other prominent towns within the state.

L & T bags Rs 1,610-crore orders from Tata Steel, India Bulls Power

Fri, 24 Jun 2011 03:07:25 GMT

Construction division of Larsen & Toubro bagged new orders from Tata Steel and India Bulls Power Ltd, totalling Rs 1,610-crore. The construction major’s Metallurgical and Material Handling Independent Company, a part of the construction division, won the orders.

General Motors shelves small car project in India

Thu, 23 Jun 2011 05:50:09 GMT

US car maker General Motors on Thursday said it shelved plans to launch small car in India that was planned to take on Tata Nano, citing viability issues.The small car was looked to be positioned below the company's existing entry level compact car 'Spark. It will invest $500 to expand capacities.

Onions, fruits drive food inflation to 9.13 p.c.

Thu, 23 Jun 2011 05:42:47 GMT

Food inflation in the country touched a two-and-half-month high of 9.13 per cent in the week ended June 11 on the back of costlier fruits, milk, onions and protein-based items. Prices of onions went up by 11.89 per cent and eggs, meat and fish by 10.56 per cent on an annual basis.

Samsung opens two Smartphone Cafés in Hyderabad

Thu, 23 Jun 2011 05:26:56 GMT

Samsung Electronics on Thursday opened its first two Samsung Smartphone Cafés in south India in Hyderabad. These outlets are dedicated for experiential retailing of Samsung's IT and mobile products.Samsung Smartphone Cafes complement the company’s other mobile retail network.

CA Technologies to host Indian testing meet in Hyderabad

Thu, 23 Jun 2011 05:17:13 GMT

CA Technologies, the world’s leading independent IT management software company, is hosting the first ever Indian Testing Board (ITB) Meet on “Evolving testing trends in testing times” in Hyderabad on June 24, 2011.The meet will be held from 4 pm to 6 pm at the company campus at Gachibowli.

Readymade Steel IPO to open on June 27

Thu, 23 Jun 2011 05:10:20 GMT

Readymade Steel India Limited (RMS), a pioneer in introducing readymade steel products in the country, is tapping the capital markets with its Initial Public Offer (IPO) to raise upto Rs. 34.74 crore.

Syndicate Bank launches Maestro Global Debit Card

Thu, 23 Jun 2011 05:04:44 GMT

Syndicate Bank joined hands with MasterCard Worldwide, a leading global payments company to further empower the bank’s customers and business enterprises.

Bharti AXA General Insurance expands further in Andra Pradesh

Wed, 22 Jun 2011 07:34:40 GMT

Bharti AXA General Insurance on Wednesday announced its expansion into Andra Pradesh market by opening a branch in Secunderabad. This is the company's fourth branch in the AP market in addition to branches in Hyderabad, Vishakhapatnam and Vijayawada.

Future Generali India Insurance registers 58 p.c. growth in GWP

Wed, 22 Jun 2011 07:28:48 GMT

Future Generali India Insurance Company Ltd, the joint venture between Future Group and Generali of Italy, registered a 58 per cent growth in Gross Written Premium for the financial year ended March 1, 2011.

All-party meeting on Lokpal Bill to be held on July 3

Wed, 22 Jun 2011 07:21:42 GMT

An all-party meeting to discuss the government and civil society drafts on the proposed Lokpal Bill will be held on July 3. The govt will present two versions of the anti-corruption bill before the political parties following major differences on several key issues.

Mahindra Satyam to set up India technology centre with Saab

Wed, 22 Jun 2011 07:11:48 GMT

Swedish firm Saab AB said it entered into a pact with Mahindra Satyam to set up a joint technology centre at one of the IT solutions provider's facilities.The move to set up the centre furthers the intent declared by both companies at the Aero India show in February, 2011.

Four Soft inks new deal with Logistics Dynamic Corporation

Wed, 22 Jun 2011 06:49:15 GMT

Four Soft (4S)on Wednesday said it signed a new deal with Mexico-based Logistics Dynamic Corporation (LDC). As per the deal, Four Soft would offer its freight management application 4S eTrans and visibility system 4S Visilog on software-as-a-service model.

Shriram Transport Finance aims 15-20 p.c. growth in FY12

Wed, 22 Jun 2011 06:33:59 GMT

Commercial vehicle financier Shriram Transport Finance Company (STFC) Limited is targeting 15 to 20 per cent growth in assets under its management from Rs 36,000 crore at the end of FY11 to Rs 42,000 crore during current fiscal.It would borrow upto Rs 12,000 cr this fiscal.

Wockhardt launches three new products in US

Tue, 21 Jun 2011 07:10:35 GMT

Pharma major Wockhardt on Monday received final approval from the United States Food & Drug Administration (USFDA) for marketing the 250mg, 500mg and 750mg tablets of Levofloxacin, which is used for treating a broad spectrum of bacterial infections.

Lanco Infra goes global, bags power plant contract in Iraq

Tue, 21 Jun 2011 06:58:42 GMT

Lanco Infratech on Tuesday made a foray into the international engineering, procurement and construction (EPC) arena by securing a $81.3 million (about Rs 365.28 crore) order in Iraq for constructing a power plant. The work includes EPC of an open cycle, gas-based thermal power plant.

Renault to launch Maruti Swift rival at Auto Expo 2012

Tue, 21 Jun 2011 06:50:23 GMT

French carmaker Renault on Wednesday said it would launch a new hatchback in India during the Auto Expo in January 2012 that would compete with Maruti Suzuki''s Swift.The car is specifically designed for the Indian market by its design centre in Mumbai.

Shriram Transport to raise Rs 1,000-crore from sale of NCDs

Tue, 21 Jun 2011 06:31:06 GMT

The country's largest commercial vehicle financing firm , Shriram Transport Finance Company (STFC), today said it plans to raise up to Rs 1,000-crore through a sale of non-convertible debentures (NCDs) of face value of Rs 1,000 each.

Amul sales turnover crosses $2 billion mark in 2010-11

Tue, 21 Jun 2011 05:55:13 GMT

Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the popular Amul brand of milk and dairy products, crosses yet another landmark in its illustrious history when it crossed $2 billion mark during the financial year 2010-11.The results for 2010-11 were declared on Tuesday.

HSBC Principal Investments invests $60 mn in Avitel Post Studioz

Mon, 20 Jun 2011 07:23:14 GMT

HSBC Principal Investments , the private equity arm of the HSBC Group, has invested US$60 million for a minority equity interest in Avitel Post Studioz Limited, an India-based post-production and media / entertainment technology company.

MIAL receives ISO/IEC 27001:2005 certification for CSIA

Mon, 20 Jun 2011 07:16:48 GMT

Mumbai International Airport Private Ltd (MIAL) was awarded ISO/IEC 27001:2005 (Information Security Management System) certification for Chhatrapati Shivaji International Airport (CSIA).

Infotech Enterprises receives Best Talent Engagement award from NHRD

Mon, 20 Jun 2011 07:08:43 GMT

City-based Infotech Enterprises Ltd, a leading global engineering services company, said that it was conferred prestigious ‘Best Talent Engagement - Inspire Award’ from NHRD Hyderabad Chapter.

Internet body throws open domain names

Mon, 20 Jun 2011 06:35:57 GMT

Good.food, learnto.salsa, glossy.lipstick -- you will be able to set up a website with almost any domain address by the end of next year if you can prove a legitimate claim and pay a hefty fee.The body that oversees Internet domain names voted to end restricting them to suffixes like .com

Reliance Comm, Infra plunge on exclusion from BSE 30

Mon, 20 Jun 2011 06:31:19 GMT

Shares in mobile phone operator Reliance Communications and utility firm Reliance Infrastructure, both controlled by billionaire Anil Ambani, fell nearly nine percent each on Monday as investors reacted to a decision to drop the shares from the nation's benchmark stock index.

2G scam: SC rejects bails of Kanimozhi and Sharad Kumar

Mon, 20 Jun 2011 06:23:08 GMT

The Supreme Court on Monday rejected the bail pleas of DMK MP Kanimozhi and Kalaignar TV managing director Sharad Kumar, who are in jail in connection with the 2G spectrum case. However, an apex court bench said Kanimozhi can move for bail after the framing of charges by the trial court.

FDI up by 43 pc in April to $3.12 bn from $ 2.17 bn a year ago

Mon, 20 Jun 2011 06:06:35 GMT

Following three months of consecutive decline, foreign direct investment(FDI)flows into India grew by about 43 per cent to $ 3.12 billion in April, 2011. The country received $ 2.17 billion worth of FDI in April, 2010. The sectors that attracted the maximum FDI during the period include services.

Govt to discuss draft Lokpal Bill with political parties

Sat, 18 Jun 2011 06:17:52 GMT

Centre on Saturday said it would discuss the draft Lokpal Bill with political parties before sending it to the Union Cabinet for approval.HRD Minister Kapil Sibal said the govt will also seek the opinion of Chief Ministers on the draft prepared by the joint committee on Lokpal.

Indiamart.com to focus on addressing buyers' requirements

Sat, 18 Jun 2011 05:53:41 GMT

Indiamart.com to focus on addressing buyers' requirements in its next brand campaign. Slated to start in July, the brand campaign to assist buyers in locating right suppliers with right products on Indiamart.com platform.

ISRO to test indigenous cryogenic stage onboard GSLV-D5

Sat, 18 Jun 2011 05:22:45 GMT

India will undertake the flight test of its indigenous cryogenic stage on board homegrown rocket GSLV-D5 which will launch GSAT-14 by the middle of 2012. A facility for static testing of the cryogenic engine would be ready in another two months at ISRO's Liquid Propulsions Systems centre (LPSC)

Cong Core Group discusses Telangana statehood demand

Sat, 18 Jun 2011 05:09:33 GMT

Congress top brass is virtually burning the mid-night oil to find a solution to the Telangana issue amid threats by party MPs, MLAs and ministers from the region to quit en masse if a decision on the issue is not taken soon. Sonia Gandhi and Manmohan Singh took stock of the situation in AP.

India's forex reserves fall by $2.4 billion at $312.90 billion

Sat, 18 Jun 2011 03:44:23 GMT

The country's foreign exchange reserves declined by $2.40 billion to $310.50 billion for the week ended June 10 from $312.90 billion in the previous week due to a sharp drop in the value of foreign currency assets. The forex reserve dropped for the first time in four weeks.

Mobile Conversations comes to New Delhi

Fri, 17 Jun 2011 06:39:14 GMT

afaqs! is all set to conduct its mobile marketing conference, titled 'Mobile Conversations - No Mobile, No Marketing' in New Delhi.

TalentSprint inks pact with AP Society for Knowledge Networks

Fri, 17 Jun 2011 06:28:31 GMT

TalentSprint, an emerging leader in professional skills development, will collaborate with AP Society for Knowledge Networks (APSFKNW), the organization that operates Jawahar Knowledge Centres (JKC), to offer skill development programs to rural and semi-urban graduates of the state.

India to award $12-billion road contracts this year

Fri, 17 Jun 2011 06:11:45 GMT

India will award a record 7,300 kms of road building contracts this year worth about $12 billion, as a huge privatisation drive makes developers more willing to take on projects and foreign funds eager to invest, a top official at the National Highways Authority of India said on Friday.

RIL scrip falls for sixth day, m-cap below Rs 3 lakh-cr mark

Fri, 17 Jun 2011 05:52:46 GMT

Extending its decline for the sixth straight session, Reliance Industries lost over 1 per cent in the early trade on the bourses today amid continuous selling pressure, following the CAG report which said the Oil Ministry and DGH have allegedly favoured the company.

2G scam: CBI opposes Kanimozhi’s bail plea in Supreme Court

Fri, 17 Jun 2011 05:37:18 GMT

The Central Bureau of Investigation (CBI) opposed in the Supreme Court the bail plea of DMK MP Kanimozhi and co-accused Kalaignar TV MD Sharad Kumar in the 2G case on the ground that if released, they could tamper with evidence. CBI said Kanimozhi,Kumar were key conspirators.

CREDAI Hyderabad elects new executive committee

Thu, 16 Jun 2011 07:59:22 GMT

The Hyderabad chapter of Confederation of Real Estate Developer Associations of India (CREDAI) elected new executive committee. The founder President, CREDAI Hyderabad, Shekhar Reddy ( Chairman & MD CSR Estates Limited) Vice President , CREDAI, India announced the new team on Thursday.

Future Generali to recruit 3,285 advisors in Andhra Pradesh

Thu, 16 Jun 2011 07:48:57 GMT

Future Generali India Life Insurance Company, the insurance joint venture between Future Group of India and Generali Group of Italy, is actively recruiting prospective agent-advisors in Andhra Pradesh, by hiring 3,285 new advisors in the state this year to add to existing 53,000 advisors in India.

Nissan produces 100,00th Micra small car in India

Thu, 16 Jun 2011 07:37:50 GMT

Employees at the Renault Nissan Alliance plant in Chennai, India celebrated on Thursday after producing their 100,000th Micra in just over a year. The first Micra compact hatchback rolled off the production line in May 2010. Since then the workforce has expanded to nearly 4,000 from 1500.

Food inflation falls slightly to 8.96 pc

Thu, 16 Jun 2011 06:44:48 GMT

Food inflation went down marginally to 8.96 per cent for the week ended June 4 on the back of cheaper pulses and vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 9.01 per cent in the previous week, while it was over 21 pc in the first week of June last year.

RBI hikes policy rates by 25 basis points to fight inflation

Thu, 16 Jun 2011 06:26:40 GMT

Continuing its efforts to check price rise, the Reserve Bank on Thursday raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010, to 7.5 per cent, a move that could make auto and home loans expensive.The borrowing rate has been hiked to 6.5 per cent.

India signs pact with US to buy 10 C-17 airlifters

Wed, 15 Jun 2011 10:39:29 GMT

Indian Govt has signed an agreement with Washington to purchase 10 C-17 Globemaster-III transport aircraft. The purchase, estimated at $4.1 billion, is the largest Indo-US defence deal so far, and comes barely two months after India ejected the two American combat fighters from its final shortlist.

Tata Motors global sales up 11 pc in May

Wed, 15 Jun 2011 10:29:58 GMT

Tata Motors on Wednesday said its global sales increased by 11 per cent in May to 88,251 units driven mainly by commercial vehicles and Land Rover. Sales of luxury brands from Jaguar Land Rover were at 22,296 units during May, up 17 per cent from the same month last year

LivLife Hospitals opens health, wellness specialty centre

Wed, 15 Jun 2011 10:16:56 GMT

LivLife Hospitals on Wednesday celebrated the launch of its first hospital in Hyderabad with its team of healthcare professionals taking the oath to provide quality care through knowledge, empowerment and commitment. LivLife Hospitals is a super speciality centre that offers medical services.

Flydubai launches Hyderabad-Dubai flight services

Wed, 15 Jun 2011 10:00:41 GMT

Flydubai inaugurated its second major Indian route with the start of operations to one of the fastest growing cities in the world - Hyderabad. The new route is Flydubai’s second to India and expands Flydubai’s network to 37 operational destinations across the Middle East, Asia and other areas.

BMW India opens new dealership Bavaria Motors in Pune

Wed, 15 Jun 2011 04:10:55 GMT

BMW India unveiled the new showroom of Bavaria Motors at premium location on Wellesley Road, Camp in Pune. The dealership is headed by Vishal Agarwal, Managing Director, Bavaria Motors.

Debt crisis could trigger new economic meltdown: Obama

Tue, 14 Jun 2011 07:39:05 GMT

Delay in raising the US debt ceiling could reverse the fledgling recovery and trigger a new economic meltdown, US President Barack Obama said in an interview."We could actually have a reprise of a financial crisis, if we play this too close to the line," Obama said.

ASSOCHAM predicts 9 pc growth rate for AP farm sector

Tue, 14 Jun 2011 07:28:22 GMT

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Tuesday said the farm sector in Andhra Pradesh ' has the potential to grow at an annual rat of 9 per cent as against the current rate of around 5.45 per cent in 2009-10'. The apex industry body released AP Vision 2020 document.

MindTree launches automatic traffic counting system

Tue, 14 Jun 2011 06:46:37 GMT

MindTree Limited on Tuesday launched an Automatic Traffic Counting and Classification (ATCC) system to conduct an around-the-clock traffic pattern study for single/intermediate/2 lane roads.A key differentiator for MindTree's ATCC system is its capability to classify a vehicle in up to 9 categories.

Honda Siel cuts 'City' prices by up to Rs 66,000

Tue, 14 Jun 2011 06:29:53 GMT

Honda Siel Cars India on Tuesday said it cut the prices of its flagship sedan City by up to Rs. 66,000 after implementing various cost reduction measures. The car will now be available between Rs. 7.49 lakh and Rs. 9.89 lakh. City sales have been facing stiff resistance from other models.

Prometric bags multi-year contract from US Treasury

Tue, 14 Jun 2011 06:19:06 GMT

Prometric was awarded a five-year contract to administer the new competency examination and fingerprinting program for certain paid tax return preparers by the Internal Revenue Service (IRS), an agency of the U.S. Treasury Department.

MIAL opends E-ticket printing kiosks at CSIA

Tue, 14 Jun 2011 06:13:16 GMT

Mumbai International Airport Pvt. Ltd (MIAL) has introduced e-ticket printing kiosks outside all the domestic departure gates at Chhatrapati Shivaji International Airport (CSIA) in Mumbai. CSIA is the first Indian airport to introduce this facility.

Tata Indicom launches SMS Express offer

Mon, 13 Jun 2011 07:01:46 GMT

Tata Indicom, the CDMA brand of Tata Teleservices Limited (TTL), on Monday announced the launch of a special ‘SMS Express’ offer for its new pre-paid customers across circles.

7Seas Entertainment launches social gaming platform

Mon, 13 Jun 2011 06:45:29 GMT

7Seas Entertainment Limited, a city-based games development company, on Monday said it had added a social gaming platform to its online casual gaming portals neodelight.com and onlinerealgames.com, which already have in their kitty over 500 high-scored games across all genres.

L&T arm to supply meters to WBSEDCL

Mon, 13 Jun 2011 06:39:35 GMT

The Electrical & Automation (E&A) business of Larsen & Toubro Limited (L&T) was awarded an order for supply of energy meters by the West Bengal State Electricity Distribution Company (WBSEDCL). The order is valued at Rs. 110.31 crore.

Maxx Mobile plans Rs 320-cr manufacturing plant

Mon, 13 Jun 2011 06:33:57 GMT

Homegrown company Maxx Mobile has plans to invest approximately Rs 320 crore to set up a handset and lithium ion battery manufacturing plant in India.The company sees advantages in manufacturing mobile handset in India, rather than importing them from China.

MTS launches free data cards for postpaid customers

Mon, 13 Jun 2011 06:29:56 GMT

Sistema Shyam TeleServices Limited (SSTL), which owns MTS brand, on Monday launched free MBlaze data cards for its postpaid customers. MTS introduced two advance rental plans (ARP) wherein customers paying three months rent in advance will be entitled to a free MBlaze device.

2G scam: SC adjourns Kanimozhi’s bail plea to June 20

Mon, 13 Jun 2011 12:12:48 GMT

The Supreme Court on Monday adjourned the bail plea of DMK MP Kanimozhi to June 20. The bench told the accused that their chance of getting bail from the SC is slim. The bail plea of Kalaignar TV MD Sharad Kumar has also been adjourned.The SC issued notice to the CBI on the bail pleas.

Dr Preetha Reddy releases book on cancer survivors

Sat, 11 Jun 2011 07:24:10 GMT

A book of experiences of cancer survivors successfully combating the dreaded disease - "Enduring Cancer...Stories of Hope" was released by Ms Preetha Reddy, Managing Director, Apollo Hospitals Group, who has also written the foreword for the book, here on Saturday.

73,000 villages to have banking facility by 2012: FM

Sat, 11 Jun 2011 07:11:29 GMT

Union Finance Minister Pranab Mukherjee on Saturday said 73,000 villages in the country would have banking facility by next year. He said the government wants to enable every citizen of the country to avail banking facility in future. He was inaugurating a Punjab National Bank branch in West Bengal.

Andhra Bank to increase branches, double biz in UP

Sat, 11 Jun 2011 06:56:43 GMT

Andhra Bank has set a target of increasing its branches and double its business in the current fiscal in UP."The bank plans to double its branches from existing 24 to 48 in this year, besides increasing our business to Rs 2,500 crore from Rs 1,225 crore," bank's CMD R Ramachandran said

Silver tumbles to Rs 54,700 on global cues

Sat, 11 Jun 2011 06:34:39 GMT

Silver declined by Rs 1,500, the maximum this week, to Rs 54,700 per kg on Saturday on stockists selling sparked by reports of a steep fall in its prices overseas. Gold retreated by Rs 75 to Rs 22,685 per 10 grams on subdued local demand at existing high levels.

India's forex reserves soar $2.69 bn to $312.90 bn

Sat, 11 Jun 2011 06:27:49 GMT

India's foreign exchange (forex) reserves soared by $2.69 billion to $312.90 billion for the week ended June 3 on the back of a sharp increase in the value of gold reserves and foreign currency assets. This is the third consecutive week that the country's forex reserves kitty has seen a jump.

SBI breaches RBI norms on RIL exposure for third year

Fri, 10 Jun 2011 07:07:10 GMT

State Bank of India (SBI), India’s largest bank, has breached RBI's credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries (RIL).The public sector lender has now disclosed that its credit to RIL was in excess of the RBI limits.

CA Technologies celebrates HOPE School graduation day

Fri, 10 Jun 2011 06:59:49 GMT

CA Technologies, the world's leading independent IT management software company, celebrated HOPE School Graduation Day in the city.

Eaton launches PowerAdvantage Partner Program

Fri, 10 Jun 2011 06:56:03 GMT

Diversified industrial manufacturer Eaton Corporation on Friday announced the launch of the PowerAdvantage Partner Program for accelerating channel sales in India. The program is aimed to collaborate with IT Channel partners, system integrators, IT VARs and electrical contractors across the country.

Strike at Maruti's Manesar plant enters seventh day

Fri, 10 Jun 2011 03:07:20 GMT

Maruti Suzuki India on Friday said that production at its Manesar facility continues to be completely stopped as the workers' strike at the plant entered its 7th day. The plant rolls out about 1,200 units every day and produces hatchbacks Swift and A-Star as well as sedans DZiRE and SX4.

Canada announces 10-yr multiple entry visa for Indians

Fri, 10 Jun 2011 02:59:53 GMT

In a significant gesture, Canada Thursday announced a 10-year multiple entry visa for Indians. Making this announcement at a preliminary session of the fifth Parvasi Bharatiya Divas in Toronto, Canadian Minister Edward Fast said the new visa regime will boost trade ties between the two countries.

Glenmark gets USFDA nod for skin infection ointment

Fri, 10 Jun 2011 02:55:23 GMT

Drug firm Glenmark on Friday said it received final approval from the US health regulator for its generic Mupirocin ointment, used for the treatment of bacterial skin infections.

Industrial production registers 6.3 pc growth in April

Fri, 10 Jun 2011 02:51:48 GMT

Industrial production registered a growth of 6.3 per cent in April as per the new series that was released on Friday with a base year of 2004-05, but the slowdown of the economy was clear as factory output nosedived to just 4.4 per cent as per the old series.The growth was 18 pc in April 2011.

Mahindra Satyam inaugurates Smart Grid CDC

Thu, 09 Jun 2011 08:58:17 GMT

Mahindra Satyam, a leading global consulting and IT services provider, on Thursday announced the expansion of utility solutions into smart grid by inaugurating a Smart Grid Customer Demonstration Center (CDC) at the 120-acre Mahindra Satyam Technology Center campus in Hyderabad.

IndusInd Bank launches POS acquiring services

Thu, 09 Jun 2011 08:52:25 GMT

IndusInd Bank Ltd signed an agreement with Atos Worldline India (Venture Infotek) for Point of Sales (POS) acquiring solutions. Under this agreement, Atos Worldline India will be setting up MasterCard and VISA POS acquiring network for IndusInd Bank Limited across India.

Maqbool Fida Husain passes away in London

Thu, 09 Jun 2011 08:43:28 GMT

India's most famous modern artist M F Husain, who left the country in 2006 due to threats from Hindu extremists, died on Thursday in London, media reports said citing family members. Husain, who was aged 95 and known as the "Picasso of India", died at the Royal Brompton hospital in London.

SpiceJet to start regional services from Hyderabad soon

Thu, 09 Jun 2011 08:39:38 GMT

SpiceJet will begin regional operations from Tier-2 and 3 cities like Vijayawada, Tirupati, Mysore, Mangalore, Madurai, Nagpur and Indore from mid-July using the Bombardier Q400 Next Gen aircraft, a top company official said. It selected Hyderabad Airport as the first base for the services.

Domestic car sales up 7 pc in May, slowest growth in 2 yrs

Thu, 09 Jun 2011 03:19:06 GMT

At 7 per cent, domestic passenger car sales posted the slowest growth in 24 months this May on account of rising fuel prices and interest rates. The car sales stood at 1,58,817 units in May, 2011, against 1,48,425 units in May 2010.The last time car sales grew in single digits was in June 2009.

Food inflation surges to 8-week high at 9.01 pc

Thu, 09 Jun 2011 03:15:42 GMT

Notwithstanding the government's projections of a moderation in the rate of price rise of food items, food inflation jumped to a two-month high of 9.01 per cent for the week ended May 28 on the back of costlier fruits, onions and protein-based items.Food inflation was 8.06 pc in the previous week.

ICICI Bank, NISM to offer one-year PGCSM programme

Wed, 08 Jun 2011 08:39:30 GMT

National Institute of Securities Markets (NISM) and ICICI Bank Limited on Tuesday signed a Memorandum of Understanding (MoU) for a specialised programme in Post Graduate Certificate in Securities Markets" (PGCSM).

BMW India to focus on small cities, towns for market growth

Wed, 08 Jun 2011 08:30:17 GMT

BMW India will focus on small cities and tier-two towns to beef up its market position in the country, a top company official said Wednesday. The company aimed to have 60 dealership facilities by 2015 from the existing 24. It claims it has 41 percent market share now.

SBI plans to hire over 5,000 officers for it, associate banks

Wed, 08 Jun 2011 08:19:41 GMT

The country's largest lender State Bank of India (SBI) plans to hire over 5,000 officers, the vast majority of whom would be for its associate banks. While a total of 4,987 officers would be recruited for associate banks of SBI, as many as 206 officers would be hired for SBI itself.

2G scam: Delhi High Court rejects Kanimozhi's bail plea

Wed, 08 Jun 2011 08:13:28 GMT

The Delhi High Court on Wednesday rejected the bail pleas of DMK MP Kanimozhi and Kalaignar TV chief Sharad Kumar, both named co-conspirators in the 2G spectrum case. The court said that Kanimozhi may be in a position to influence the 2G probe. Kanimozhi,Kumar have been in Tihar Jail since May 20.

Infotech signs MoU with JNTU for M Tech (Avionics)

Wed, 08 Jun 2011 06:46:31 GMT

City-based Infotech Enterprises Limited signed an MoU with JNTUK (Jawaharlal Nehru Technological University Kakinada) to create the curriculum of M.Tech in Avionics.The MoU was exchanged between B V R Mohan Reddy, CMD, Infotech and Prof Col. Allam Appa Rao, Vice Chancellor,JNTUK.

ARSS Infra bags two orders totaling Rs 207.46 crore from MP Govt.

Wed, 08 Jun 2011 02:45:48 GMT

Bhubaneswar-based ARSS Infrastructure Projects Limited, with a focus on construction of railway infrastructure, roads, highways and bridges, has bagged two new work orders, totaling Rs 207.46 crore.

BMW India opens new dealership Bavaria Motors in Goa

Wed, 08 Jun 2011 02:39:17 GMT

BMW India on Wednesday announced the opening of Bavaria Motors, its new dealership facility in Goa. Bavaria Motors brings to Goa BMW standards of sales and service and the same international experience as any BMW dealership worldwide.

SMEs should leverage on cloud computing: Nasscom

Tue, 07 Jun 2011 08:10:33 GMT

Industry body National Association of Software and Service Companies (Nasscom) on Tuesday said that small and medium sized companies need to leverage on sectors like cloud computing and mobile application platforms.

Jet Airways flies record 2 million passengers in May

Tue, 07 Jun 2011 07:57:02 GMT

Capitalising on the improvement in global business environment and the holiday season, Jet Airways Group created history in the Indian aviation industry by flying a record 2 million guests in May 2011. This marks the highest number of passengers carried by any airline of Indian origin in a month.

'Indian cloud computing to grow at 53 pc CAGR over 5 yrs'

Tue, 07 Jun 2011 07:45:16 GMT

The public cloud computing market in India is estimated to touch Rs. 2,434 crore in 2014 after growing at a CAGR of 53 per cent between 2010-2014, according to market intelligence and advisory firm CyberMedia Research’s India Cloud Computing Market Review 2011, May 2011 edition.

Ramky Infrastructure bags Rs 582 crore orders

Tue, 07 Jun 2011 07:21:39 GMT

Ramky Infrastructure Ltd (Ramky) has bagged construction work orders worth Rs 582.15 crore, covering Industrial, water and waste water, and building verticals from different parts of India.Among the four works it secured was Rs 232.2 crore construction contract from Chhattisgarh Energy Consortium.

US bank selects AppLabs as independent testing partner

Tue, 07 Jun 2011 07:14:25 GMT

City-based software testing firm AppLabs on Tuesday said that retail banking leader Bank of the West selected AppLabs as its quality management partner. The US-based premier bank chose AppLabs to help streamline their quality management framework to enhance application health.

Cronimet Alloys eyes Turkish acquisition

Mon, 06 Jun 2011 10:12:44 GMT

Cronimet Alloys India Limited,formerly GMR Ferro Alloys & Industries Limited, engaged in the manufacture of CRONIMET high carbon ferro-chrome for use in the stainless steel industry, has acquired 92 per cent of the total share capital of Atlanta MadencilikVeSanayiTicaretAnonimSiketi.

Ramdev issue: NHRC issues notice to Centre, Delhi Govt.

Mon, 06 Jun 2011 10:03:47 GMT

The National Human Rights Commission on Monday issued notices to the Central and Delhi governments seeking reports within two weeks on the midnight crackdown on Baba Ramdev's supporters at Ramlila ground in New Delhi. it has issued notices to the Home Secretary, Delhi Chief Secretary.

Silver rises to Rs 55,100 on global cues; gold gains Rs 30

Mon, 06 Jun 2011 08:25:36 GMT

Both the precious metals, silver and gold, rose on Monday on stockists buying for the ongoing marriage season amid a firming global trend. While silver rose by Rs 650 to Rs 55,100 per kg, gold gained Rs 30 to Rs 22,810 per 10 grams.Silver coins jumped by Rs 2,000 to Rs 61,000 for buying.

Al-Noor Ramji inducted into Mahindra Satyam board

Mon, 06 Jun 2011 08:17:15 GMT

Mahindra Satyam, a leading global consulting and IT services provider, on Monday appointed Al–Noor Ramji on its Board of Directors effective June 01, 2011.Al-Noor Gulamali Abdulla Ramji is the Executive Vice President and General Manager of Misys International Banking Systems Limited since 2010.

Bharat Biotech prices Rotavirus vaccine at $1

Mon, 06 Jun 2011 08:03:35 GMT

Bharat Biotech, city-based biotech firm, on Monday announced the price of ROTAVAC at $1.Bharat Biotech hopes its new vaccine will help prevent part of the 500,000 child deaths each year caused due to rotavirus diarrhea and improve access to better, affordable rotavirus vaccines.

IT to play key role in India's quest for green economy: Jairam

Sat, 04 Jun 2011 06:49:38 GMT

IT industry would have a key role to play in the country's pursuit towards green economy , Union Environment Minister Jairam Ramesh said on Saturday.In India's pursuit towards becoming a green economy, IT would play a very important role. India can be world leaders in green technology, he added.

‘Software piracy caused tax loss of $866 mn in 2009’

Sat, 04 Jun 2011 05:26:18 GMT

A study has claimed that the Indian government had suffered huge revenue losses to the tune of $866 million in 2009 on account of the high rate of software piracy in the country. Businesses use software on a large scale but they evade paying tax when they are not buying licensed software.

Baba Ramdev arrested in late night swoop, sent to Haridwar

Sat, 04 Jun 2011 04:53:05 GMT

Yoga guru Baba Ramdev, who began his indefinite hunger strike against corruption and black money after the government failed in a last-ditch effort to talk him out of the protest, was arrested early hours of Sunday. He was later taken to his Ashram in Haridwar.

IDFC, Khazanah to set up a dedicated infra development company

Sat, 04 Jun 2011 04:45:18 GMT

IDFC and Khazanah have agreed to enter into a joint venture (JV) to set up a dedicated infrastructure development company with a focus on road sector in India.

Gold gains Rs 110; silver recovers Rs 450 after 3-day fall

Sat, 04 Jun 2011 04:32:58 GMT

Gold prices on Saturday rose by Rs 110 to Rs 22,780 per ten grams on buying by local parties amid the marriage season and firming overseas trend. Sliver snapped its three-day losing streak, gaining Rs 450 to trade at Rs 54,450 per kg in the bullion market in New Delhi on buying by stockists.

Jubilant gets USFDA nod dementia tablets

Fri, 03 Jun 2011 07:29:54 GMT

Jubilant Life Sciences Ltd on Friday said it received approval from the US Food and Drug Administration (USFDA) for Donepezil Hydrochloride Tablets 5 mg and 10 mg, a generic equivalent of Aricept.

Google, Bing, Yahoo partner for better search results

Fri, 03 Jun 2011 07:22:34 GMT

Google has joined hands with rivals Microsoft and Yahoo for a project -- schema.org -- that will improve web search results. These firms have launched a site called Schema.org, which consists of a common set of HTML tags that webmasters would use to mark up structured data on their sites.

India to become $ 30 trillion economy by 2030: Mukesh

Fri, 03 Jun 2011 07:10:42 GMT

India is poised to become a $30 trillion economy by the year 2030 from the current $1.4 trillion, Reliance Industries Chairman Mukesh Ambani said on Friday.This milieu presents Reliance with several opportunities and challenges for growth, he added.

Audi India reports over two-fold rise in May sales

Fri, 03 Jun 2011 07:01:22 GMT

Audi India on Friday said it posted an over two-fold jump in its sales for May, 2011, at 408 units. The company had sold 200 units in the same month last year.Also, during the January-May period this year, the company's sales increased by over two-fold to 2,394 units from 1,167 units.

RIL conceptualising products, services for mobile broadband

Fri, 03 Jun 2011 06:48:58 GMT

Sitting on pan-India spectrum for Broadband Wireless Access for nearly a year, Reliance Industries on Friday said it is in the process of conceptualising the products and services to be offered. Last year, RIL forayed into the telecom arena with a bang by acquiring Infotel for Rs 4,800 crore.

Ramco sees steady growth for Cloud ERP in India

Fri, 03 Jun 2011 06:41:20 GMT

Ramco Systems Limited, a leading software company focused on consulting, products and managed services, said on Friday it has been witnessing significant traction for its public cloud ERP offering - Ramco OnDemand ERP in India.

Unitech to launch Uniworld Resorts in Bangalore

Fri, 03 Jun 2011 06:36:30 GMT

Unitech, India's leading business group and an integrated developer of large-scale real estate projects, is planning to launch ‘Uniworld Resorts’, a residential project in the midst of bustling Electronic City, Phase - I, Bangalore.

2G scam: Court rejects plea to probe Ambani, Ratan Tata

Thu, 02 Jun 2011 07:30:49 GMT

A Delhi court on Thursday dismissed pleas for a direction to the CBI to make Reliance ADAG chairman Anil Ambani , Tata group Chief Ratan Tata , corporate lobbyist Niira Radia and DMK chief M Karunanidhi's wife Dayalu Ammal , as accused in the 2G spectrum scam.

Expect economy to grow by 8.5 pc in FY'12: Rangarajan

Thu, 02 Jun 2011 07:24:02 GMT

Indian Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said he expects the Indian economy to grow by 8.5 per cent in FY12 on the back of services sector and industry expansion, though he hinted that agriculture might not be a big contributor.

Cheaper pulses bring down food inflation to 8.06 pc

Thu, 02 Jun 2011 07:03:48 GMT

Food inflation fell to 8.06 per cent for the week ended May 21 on the back of cheaper pulses, wheat and some vegetables. Food inflation stood at 8.55 per cent during the previous week. Prices of pulses were down by 9.22 pc, while wheat became cheaper by 0.77 pc.

Idea 3G services reach 42 towns in urban, rural AP

Thu, 02 Jun 2011 06:53:48 GMT

Idea Cellular, India’s 3rd largest mobile operator, has now extended its ‘Gold Standard’ 3G services across 42 towns in urban and rural parts of Andhra Pradesh.

Ford India domestic sales down 13 pc at 7,046 units in May

Thu, 02 Jun 2011 06:48:44 GMT

Ford India registered 12.79 per cent decline in its sales in May at 7,046 units, as against 8,080 units it sold in the same month last year. However, the company exported over 2000 units, taking total sales of the company during the month beyond 9000 mark.

Renault India aims 2.5 pc market share by 2013

Thu, 02 Jun 2011 06:41:35 GMT

Renault on Thursday said it is aiming for a 2.5 per cent market share of the passenger car segment in India by 2013, and a five per cent market share in the long run.Renault India, a joint venture of the Renault-Nissan alliance, had set up a Rs 4,500-crore greenfield plant at Chennai.

BMW India opens new dealership Krishna Automobiles in Ludhiana.

Thu, 02 Jun 2011 04:22:52 GMT

BMW India opened its new dealership facility of Krishna Automobiles in Ludhiana. Krishna Automobiles brings to Ludhiana BMW standards of sales and service and the same international experience as any BMW dealership worldwide.

Force Fitness opens Aqua Spa at Hyderabad Intl Airport

Wed, 01 Jun 2011 07:23:05 GMT

Force Fitness on Wednesday launched its second lifestyle brand after SNAP fitness called the Aqua Spa, at the Rajiv Gandhi International Airport, Hyderabad, which is set to change and redefine spa experience for ever.

Tata DOCOMO introduces 3G Wi-Fi hub

Wed, 01 Jun 2011 07:18:43 GMT

Tata DOCOMO, the GSM brand of Tata Teleservices Limited, on Wednesday announced the launch of a revolutionary internet access device—3G Wi-Fi Hub—enabling multiple users and devices to share wireless Internet access and stay connected on the go

SKS Microfinance to levy 1 p.c. process fee on loans

Wed, 01 Jun 2011 07:11:29 GMT

City-based SKS Microfinance, the only-listed microfinance company in the country, on Wednesday said it would charge a processing fee of 1 per cent of the amount on all micro loans offered, a move that would provide greater transparency in operation.

Bank credit up 22.5 pc, deposits rise 16.9 pc in 12 months

Wed, 01 Jun 2011 06:56:43 GMT

Credit offtake from banks grew by 22.5 per cent to over Rs 40 lakh crore during the one-year period ended May 20, 2011, indicating an upswing in industrial activity.Also, deposits went up to over Rs 54.68 lakh crore from Rs 46.76 lakh crore as on May 21, 2010.

Reliance Capital to hire 3,500 managers; 50,000 agents

Wed, 01 Jun 2011 06:41:30 GMT

Having witnessed a dip of over 4,500 staff from its headcount in last fiscal, Anil Ambani-led Reliance Capital will hire over 3,500 managers for its various businesses this year. Besides, the company also plans to hire 50,000 insurance agents in the current financial year ending March 2012.

Hyundai India posts 2.04 pc rise in sales in May

Wed, 01 Jun 2011 06:32:58 GMT

Hyundai Motor India on Wednesday posted 2.04 per cent rise in its sales in May at 47,766 units, as compared to 46,808 units a year-ago. However, the company’s sales in the domestic market went up 14.62 per cent at 31,123 units in May 2011 as against 27,151 units in same month last year.

General Motors' May sales up 1.3 per cent

Wed, 01 Jun 2011 06:29:11 GMT

American carmaker General Motors’ Indian arm posted 1.3 per cent rise in sales in May at at 8,329 units, as against 8,225 units in the same month in 2010. The positive sales growth was attributed to increased sales of compact car segment of General Motors India.

Maruti Suzuki sales up 1.9 pc in May at 104,073 units

Wed, 01 Jun 2011 06:23:29 GMT

Slow down in car sales was evident when India’s market leader in car sales Maruti Suzuki posted a modest sales increase of 1.9 per cent during May. The carmaker sold 104,073 units in May, as compared to 102,175 units in the corresponding month a year ago.

TCS bags IT contract from Qatar’s Ahli Bank

Tue, 31 May 2011 07:48:21 GMT

IT major Tata Consultancy Services (TCS) on Monday said it bagged a contract from Ahli Bank to provide software solutions for the bank's brokerage operations in Qatar.Implementation of the TCS BaNCS Universal Banking solution at Ahli Brokerage will support trading on the Qatar Stock Exchange.

NCMSL raises equity from Rabo Fund, IFC

Tue, 31 May 2011 07:13:23 GMT

National Collateral Management Services Limited (NCMSL)is raising additional equity of Rs. 101.75 crore from IABF (Rabo’s Private Equity arm which specializes in food and agribusiness), IFC (member of World Bank Group) and four of its existing shareholders.

Maruti Suzuki, vendors may invest up to Rs 18,000 cr in Gujarat

Tue, 31 May 2011 07:04:52 GMT

The country's largest carmaker Maruti Suzuki India on Tuesday said it, along with vendors, could invest up to Rs 18,000 crore in Gujarat as it looks to produce about 20 lakh units in the long run in the state. MSI is looking at a phased manner of starting car production in the state.

LiquidHub India to set up operations in Hyderabad

Tue, 31 May 2011 04:16:32 GMT

LiquidHub India, the global delivery centre of LiquidHub Inc, is ramping up its Indian Operations by establishing an SEZ at DLF SEZ Hyderabad. The company has just been appraised for CMMI Level 3.

Polaris launches world's leading 'Basel III - Ready' solution

Tue, 31 May 2011 02:56:37 GMT

Polaris Software, a leading global financial technology company, on Tuesday announced the launch of Intellect TM Liquidity Risk Management (LRM) solution which enables the banks and financial institutions worldwide to comply with BASEL III.

Rajdhani to hold Kathiyawadi Food Festival from June 3

Tue, 31 May 2011 02:48:44 GMT

Kathiyawadi Food Festival, a celebration of authentic and rich cuisine, will be held at Rajdhani, a premium vegetarian Thali restaurant, from June 3.

GMR Infrastructure reports Rs 1,007 cr loss in Q4

Tue, 31 May 2011 02:41:38 GMT

GMR Infrastructure posted a net loss of Rs 1,006.7 crore for the fourth quarter ended March 31, 2011, as against a profit Rs 73.1 crore net profit in the corresponding quarter a year. The infra major said the loss was on the account of investments in InterGen which stood at Rs 939 crore.

India's GDP up 8.5 pc in FY11, Q4 growth at 7.8 pc

Tue, 31 May 2011 01:39:52 GMT

India's economy has grown by 8.5 per cent in fiscal year 2010-11 that ended in March 2011, just below the government's 8.6 per cent estimate, and up from eight per cent a year earlier. The economy grew by 7.8 per cent in Q4. Farm sector grew 7.5 per cent in Q4.

Reliance Communications net plunges 86 pc in Q4

Mon, 30 May 2011 06:52:54 GMT

Anil Ambani-led Reliance Communications posted Rs 168.6 crore for the fourth quarter ended March 31, 2011, down 86 per cent from Rs 1,219.5 crore in the same period last year. The steep fall in the profits was due to decline in Average Revenue Per User.

Delhi High Court reserves order on Kanimozhi’s bail plea

Mon, 30 May 2011 05:23:19 GMT

The Delhi High Court on Monday reserved its order on bail plea of Dravida Munnetra Kazhagam (DMK) MP Kanimozhi in the 2G spectrum case. In her petition, Kanimozhi had earlier, challenged the trial court's order calling for her to be sent to custody. She was arrested on May 20.

Polaris appoints new global head for insurance business

Mon, 30 May 2011 04:38:55 GMT

Polaris Software appointed Pranav Pasricha as Global Head of Insurance Business. Prior to joining Polaris, Pranav was CIO and Head of Strategy and Operations for QBE Insurance Group, one of the top 20 global insurance companies in the world.

Apollo Hospitals to open ‘Anti-tobacco Clinic’

Mon, 30 May 2011 04:34:29 GMT

Apollo Hospitals, Secunderabad, is launching a Special Anti-tobacco Clinic to commemorate the World No Tobacco Day on May 31. The Clinic will be functional daily between 11.00 am and 1.00 pm at Apollo Hospitals, Secunderabad premises near Keyes High School.

TCS BαNCS unveils next-generation treasury solution

Mon, 30 May 2011 04:30:15 GMT

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, on Monday launched TCS BαNCS Treasury 5.0, an enriched version that is set to re-define standards of transaction processing systems.

PHFI launches website to control tobacco use

Mon, 30 May 2011 04:23:29 GMT

Public Health Foundation of India (PHFI) launched a multi-faceted website to create an enabling environment for tobacco control in the country.

Delhi High Court to hear Kanimozhi's bail plea today

Mon, 30 May 2011 01:34:43 GMT

The Delhi High Court will pronounce its verdict on the bail plea of Dravida Munnetra Kazhagam (DMK) lawmaker Kanimozhi in the 2G spectrum case on Monday. In her petition, Kanimozhi had earlier, challenged the trial court's order calling for her to be sent to custody.

QAI becomes APMG's first registered ATO for MSP Training

Mon, 30 May 2011 01:29:41 GMT

QAI, the leading workforce development and consulting organization, has become APMG's first and currently the sole Accredited Training Organization (ATO), based out of India for offering MSP trainings. QAI is amongst the very few global ATOs for offering MSP Trainings.

Mahindra Satyam steps up talent search in Asia-Pacific, India

Mon, 30 May 2011 01:16:55 GMT

Mahindra Satyam said it had stepped up efforts to attract talent across Asia-Pacific and India. The outreach initiatives are targeted towards potential employees both within and outside the industry. Notable among these, is ‘Starting Over’, an initiative that taps into mid-career women.

Mahindra Satyam announces alliance with MasterCard

Mon, 30 May 2011 01:02:49 GMT

Mahindra Satyam on Monday said it established Centre of Excellence for testing for MasterCard in Kuala Lumpur, Malaysia. The centre will provide support for global testing for MasterCard business applications, as well as application development in Java and business intelligence.

Sun Pharma to invest Rs 450 cr on capacity expansion

Mon, 30 May 2011 12:41:56 GMT

Sun Pharmaceutical Industries on Monday said it plans to invest Rs 450 crore for capacity expansion and upgradation of existing plants, including its Taro facilities, in the current fiscal. The company is planning to expand its operations in both the US and emerging markets.

Suresh Gurumani quits SKS Microfinance board

Sat, 28 May 2011 06:28:04 GMT

City-based SKS Microfinance, the only listed microfinance company in the country on Saturday said its former Chief Executive Officer Suresh Gurumani resigned as a director of the board of company. The microfinance company sacked him as CEO in October last year, but he continued as a director.

Apollo Group to set up tertiary care hospital in Tanzania

Sat, 28 May 2011 06:09:23 GMT

Apollo Group of Hospitals, a leading integrated private healthcare provider in Asia, is setting up a state-of-the-art tertiary care hospital in Dar es salaam in partnership with National Social Security Fund (NSSF), Tanzania and Ministry of Health & Social Welfare, Govt of Tanzania.

Yamaha looks to double its bike sales in India

Sat, 28 May 2011 04:21:19 GMT

Japanese motorbike manufacturer Yamaha's India subsidiary on Saturday said it is aiming to double its bike sales to 500,000 units this year. The company had products in all the five segments - premium, deluxe, basic, executive and standard. It is currently concentrating on deluxe segment.

Gold rises to Rs 22,865, silver up Rs 400 on global cues

Sat, 28 May 2011 04:10:49 GMT

Silver and gold, recovered on the bullion market on emergence of buying by stockists amid firming global trend. While gold shot up by Rs 120 to Rs 22,865 per 10 grams, silver bounced back by Rs 400 to Rs 57,600 per kg. Buying activity in the precious metals picked up as gold rose overseas

Sony Entertainment launches world's biggest singing show

Sat, 28 May 2011 01:42:35 GMT

Sony Entertainment Television on Saturday unveiled X Factor India, the Indian version of the No 1 singing show globally X Factor.

Suryalata Spinning Mills posts Rs 19.79 cr net in FY11

Fri, 27 May 2011 06:41:27 GMT

City-based Suryalata Spinning Mills Limited, a leading producers of yarn, on Friday posted net profit of Rs 18.79 crore for the year ended March 31, 2011, a 246 pc increase from Rs 5.72 crore net it registered a year ago.

Wipro rated as Leader in SAP implementation

Fri, 27 May 2011 05:06:18 GMT

Wipro Technologies, the global information technology, consulting and outsourcing business of Wipro Limited, on Friday announced that the company has been cited as a Leader in "The Forrester WaveT: SAP Services Providers, Q2 2011 (April 2011)".

Reliance Power posts Rs 760 cr net in FY11, up 11 pc

Fri, 27 May 2011 04:59:49 GMT

Reliance Power, part of Anil Dhirubhai Ambani Group, on Friday reported 11 per cent jump in its net profit at Rs 760.44 crore for the financial year ended March 31, 2011, as against a net profit of Rs 683.89 crore a year ago.The total income went up a whopping 124 per cent at Rs 1,892.47 crore.

Riverbed receives Frost & Sullivan 2011 India award

Fri, 27 May 2011 03:49:32 GMT

Riverbed Technology, the IT performance company, on Friday announced that it was awarded the Frost & Sullivan 2011 India IT & Telecom Excellence Award for Wide Area Network (WAN) Optimization Controller Vendor of the Year.

Crompton Greaves acquires US-based QEI for $30 million

Fri, 27 May 2011 02:08:12 GMT

Crompton Greaves Ltd on Friday said it acquired QEI, a leading SCADA and automation systems provider in the US, for $30 million.

Jaguar Land Rover opens assembly plant at Pune

Fri, 27 May 2011 01:59:09 GMT

Jaguar Land Rover has officially opened its first assembly plant in India at Pune in Maharashtra on Friday. The facility will assemble Land Rover Freelander 2 (LR2) vehicles supplied in Complete Knock Down (CKD) form Jaguar Land Rover's Halewood manufacturing plant in Liverpool, UK.

Polaris to implement Intellect Core Banking System for RBI

Fri, 27 May 2011 12:42:23 GMT

Polaris Software, a financial technology company, on Friday announced that it bagged contract to implement its Intellect Core Banking System (CBS) across RBI. The deal, which is valued at $55 million, includes system Integration and maintenance of software for a period of ten years.

Godrej Properties launches Godrej Crest at Bengaluru

Fri, 27 May 2011 12:13:17 GMT

Godrej Properties Ltd. (GPL), the real estate development arm of the Godrej Group, on Friday announced the launch of its premium designer row housing project Godrej Crest at Hebbal, Bengaluru on the Airport road.

Airtel launches Apple iPhone 4 in India

Fri, 27 May 2011 12:03:52 GMT

Eleven months after Apple's next-generation smartphone hit stores worldwide, the iPhone 4 was launched on Friday in India, the world's second biggest market for mobile phones.The iPhone 4 boasts a higher-quality screen and longer battery life than the previous model.

Taj Hotels expands its global footprint

Thu, 26 May 2011 07:24:18 GMT

Following on from the successful opening of Taj Cape Town in 2010, Taj Hotels Resorts and Palaces has now established its presence in North Africa.

Tata Motors net up three-fold at Rs 9,274 cr in FY11

Thu, 26 May 2011 06:48:23 GMT

Tata Motors on Thursday reported an over three-fold rise in its consolidated net profit for 2010-11 fiscal to Rs 9,273.62 crore. The company had posted a net profit of Rs 2,571.06 crore in 2009-10 financial year, Tata Motors said in a statement.

Ramky Infra net profit up 61 pc at 206 cr in FY11

Thu, 26 May 2011 06:37:06 GMT

Ramky Infrastructure posted Rs. 206.09 crore net profit for the financial year 2010-11, 61.8 per cent up from the net it recorded in the previous fiscal. The company’s revenues were also up 54.14 per cent at Rs. 3,146.96 crore in FY11. The board recommended a final dividend of Rs 4.50 per share.

SatNav ties up with Ingram Micro

Thu, 26 May 2011 06:18:48 GMT

City-based SatNav Technologies, the GPS pioneer in India since 2005, and Ingram Micro, a Fortune 100 company, have on Thursday announced a strategic alliance based on shared vision and complementary business opportunity that both parties see in the India market.

Suven Life secures four product patents from key markets

Thu, 26 May 2011 04:19:13 GMT

Suven Life Sciences Ltd said on Thursday that it secured four product patents, one from Europe for EP-1948166, one from New Zealand for 566495, one from Australia for 200431229 and one from Korea for 1016972.

Dell Women’s Entrepreneur Network event to be held in Brazil from June 5

Thu, 26 May 2011 04:12:45 GMT

Dell, along with Moira Forbes, publisher, Forbes Woman, Ernst & Young Entrepreneurial Winning Women and Endeavor, has announced that the Dell Women’s Entrepreneur Network event will take place in Rio de Janeiro, Brazil from June 5 to 7, 2011.

Sujana Towers posts Rs 14 cr net in Q4, up 204 pc

Thu, 26 May 2011 01:55:17 GMT

Sujana Towers, a part of Sujana Group posted 204.45 per cent rise in its net profit at Rs 14.37 crore in the fourth quarter ended March 2011, as against Rs. 4.72 crore in the corresponding quarter a year ago,

Lanco Solar bags Rs 884 crore solar PV project

Thu, 26 May 2011 01:39:53 GMT

Lanco Solar, a fully owned subsidiary of Lanco Infratech Limited, on Thursday said it bagged contract from Maharashtra State Power Generation Co Ltd for building of a 75MW crystalline technology based photovoltaic solar power project in Maharashtra.The project value is Rs 884 crore.

Fruits, cereals drive food inflation to 8.55 pc

Thu, 26 May 2011 12:46:57 GMT

Food inflation in the country rose to 8.55 per cent for the week ended May 14, the highest level in four weeks, as prices of fruits, cereals and protein-based items escalated. Cereals became costlier by 5.03 per cent year-on-year and prices of onions were up by 8.32 per cent.

Sports Cities: Adrenaline For The Residential Property Market?

Thu, 26 May 2011 12:37:30 GMT

Sports cities – townships conceived and executed on a sports-centric theme and lifestyle concept – are a unique emerging real estate trend in the country. This model has yet to generate a national hold, however.

Frittering away the English advantage

Thu, 26 May 2011 09:25:24 GMT

A British Council study found that by adding some 20 million English speakers every year, China may soon overtake India in the number of her citizens proficient in that tongue. If and when that happens, we can kiss our present IT leadership goodbye.

Tata Steel posts Rs 8,983 cr net in FY11

Wed, 25 May 2011 07:49:38 GMT

Tata Steel on Wednesday reported a consolidated net profit for the fiscal year ended March versus a loss in the year ago, helped by stronger volumes at its Indian operations and better prices in Europe.It posted Rs 8,983 cr net in FY11.

iPhone 4 to be launched in India on May 27

Wed, 25 May 2011 06:59:31 GMT

Bharti airtel and Aircel today said they will start selling Apple's iPhone 4 in India from May 27. Growing smartphones sales are expected to get a further fillip with the roll out of 3G services in the country. 3G services have already been rolled out by both Aircel and Bharti airtel.

Wipro Infra Engg signs aerospace, defence pact with CESA

Wed, 25 May 2011 06:53:44 GMT

Wipro Infrastructure Engineering, a division of Wipro Ltd, announced on Wednesday that it signed an agreement with Spanish company CESA (Compania Espanola De Sistemas Aeronauticos S.A.) for the manufacture of precision engineered components for the Aerospace and Defence sector.

Hyderabad International Airport eyes 17 pc growth in passenger traffic in FY12

Wed, 25 May 2011 06:22:08 GMT

GMR Hyderabad Airport International Ltd (GHAIL), which operates Rajiv Gandhi Hyderabad International Airport, is aiming 17 per cent increase in passenger traffic during the current fiscal. The airport registered a passenger traffic of 76 lakhs during 2010-11.

Polaris launches first ever cloud-ready platform for insurance sector

Wed, 25 May 2011 04:46:21 GMT

Polaris Software Lab Limited, a leading global financial technology company, on Wednsday announced that Polaris Software Lab, Inc launched its first cloud-ready platform offering for the insurance sector globally.

Steelcase WorkLife Bangalore gets new look

Wed, 25 May 2011 04:40:16 GMT

Steelcase, the global leader in the office furniture industry; recently unveiled the new Manifesto and Lexicon furnishing system ranges at the launch of the Steelcase WorkLife Bangalore showroom on Cambridge Road.

Wipro BPO recognized as 'Best IT Enabled BPO'

Tue, 24 May 2011 06:39:36 GMT

Wipro BPO, the Business Process Outsourcing arm of Wipro Technologies, was awarded the 'Service Provider Excellence' Award in the 'Best IT Enablement in BPO' category, at the Outsourcing Center's 15th Annual Outsourcing and Service Provider Excellence Awards' 2011.

Bharti to invest Rs 4,500 crore in Africa this year: Mittal

Tue, 24 May 2011 06:17:22 GMT

Consolidating its operations in Africa, Bharti airtel will invest $ 1 billion (about Rs 4,500 crore) in the continent to expand its network. Last year, in the largest ever telecom takeover by an Indian firm, Bharti had acquired Kuwait-based Zain Telecom's African business for about Rs 48,000 crore.

Sify, Deutsche Telekom sign pact to deliver IP, VPN services

Tue, 24 May 2011 05:27:47 GMT

Sify Technologies Limited, a leader in enterprise network and IT services in India with global delivery capabilities and a pioneer in consumer internet services, announced on Tuesday their partnership with Deutsche Telekom International Carrier Sales & Solutions (ICSS).

Persistent Systems recognized as leading player in cloud computing

Tue, 24 May 2011 05:21:28 GMT

Persistent Systems, a leader in outsourced software product development services, on Tuesday announced that the company was recognized as one of the leading service providers in two key ‘Zinnov Zones’ – Cloud Computing and Software/ISV R&D.

Four Soft signs contract with European logistics company

Tue, 24 May 2011 05:13:20 GMT

City-based Four Soft (4S) Ltd on Tuesday announced that it signed a contract withthe Freight forwarding Division of Norbert Dentressangle, a leading Europe-based transport and logistics company, to implement 4SeTranson SaaS platform in its new office in Chile.

Mahindra Satyam eyes major role in Qatar’s IT transformation

Tue, 24 May 2011 02:36:00 GMT

Mahindra Satyam, a leading global consulting and IT services provider, on Tuesday revealed its plans to play a major role in Qatar’s IT transformation, and meet the growing demands of the country’s government, oil & gas, infrastructure, telecommunications and BFSI segments.

MIAL, TFS unveil RC Bar at Mumbai international airport

Tue, 24 May 2011 02:16:44 GMT

Mumbai International Airport Private Ltd (MIAL) and Travel Food Services (TFS) on Tuesday unveiled an upscale bar and lounge – “RC Bar” within the departure area at Terminal 1A at Chhatrapati Shivaji International Airport (CSIA) in Mumbai.

MTS India realigns its key leadership roles

Tue, 24 May 2011 02:06:13 GMT

Sistema Shyam TeleServices Ltd (SSTL), which nationally operates its telecom services under the MTS brand with over 11 million wireless customers, on Tuesday announced the realignment of key leadership roles within the company.

CA Technologies names Peter Griffiths to head technology, development

Mon, 23 May 2011 06:30:42 GMT

CA Technologies on Monday announced that Peter Griffiths was named executive vice president of its Technology and Development Group. Griffiths, who has more than 20 years experience in research and development, will join CA Technologies at the end of May.

Mahindra Satyam plans to hire nearly 17,000 this fiscal

Mon, 23 May 2011 05:30:31 GMT

IT firm Mahindra Satyam on Monday said it will hire nearly 17,000 people this fiscal as business sentiment improves for the country's IT industry. Currently, Satyam has a total headcount of around 30,000.This year's hiring would take the company's headcount to about 50,000.

MAXX Mobiles launches new gaming phone MAXX GLO MX388

Mon, 23 May 2011 04:57:45 GMT

MAXX Mobiles, one of India’s leading homegrown mobile phone companies, on Monday announced the launch of a new gaming phone – MAXX GLO MX388. With 250 preloaded games and dedicated gaming buttons, MAXX GLO MX388 is the perfect choice for mobile gaming enthusiasts in India.

Magma Fincorp targets 50 pc growth in AP in FY12

Mon, 23 May 2011 04:51:16 GMT

Magma Fincorp Limited on Monday said it planned to increase its disbursements by another 50 per cent in retail loans in Andhra Pradesh during this fiscal. The Kolkata-based company disbursed over Rs 650 crore in the state in FY 11.

2G scam: Kanimozhi moves Delhi High Court for bail

Mon, 23 May 2011 02:10:34 GMT

Three days after the dismissal of her bail plea, DMK MP Kanimozhi along with Kalaignar TV MD Sharad Kumar on Monday moved the Delhi High Court challenging the trial court's order. The CBI Special Judge rejected Kanimozhi and Kumar's bail pleas on May 20. They are currently lodged in Tihar Jail.

Renault launches Fluence luxury sedan in India

Mon, 23 May 2011 01:55:30 GMT

Renault on Monday launched its luxury sedan ‘Fluence’ in India with both petrol and diesel options, priced between Rs 12.99 lakh and Rs 14.40 lakh (ex-showroom Delhi).Petrol variant of the Fluence will come with a 2 litre engine while the diesel option will be powered by a 1.5 litre engine.

CarZ gets $5 million funding from IndoUS Venture Partners

Mon, 23 May 2011 12:50:03 GMT

City-based CarZ, a leading multi-brand car service network, on Monday said that it received $5 million Series A funding from IndoUS Venture Partners (IUVP), a leading venture capital which provides early and mid-stage funding to new and growing businesses in India.

Uflex bags marketing award

Mon, 23 May 2011 12:41:40 GMT

Uflex Ltd was bestowed with the Marketing Award in the Food Packaging Category by the Association of Industrial Metallizers and Laminators (AIMCAL). Uflex has bagged the award for a PET/mPET/polyethylene stand-up pouch for chocolates from Cadbury India Ltd.

TCCS, QAI launches supervisor level programs

Mon, 23 May 2011 12:16:13 GMT

TCCS (The Call Centre School), the Tennessee-based premier organization dedicated to the professional development of individuals in the call center industry had partnered with QAI, a global workforce development and consulting organization earlier in the year.

Mahindra Satyam posts Rs. 327 cr loss in Q4

Mon, 23 May 2011 11:24:34 GMT

Mahindra Satyam, the rebranded entity of scam-hit Satyam Computer Services Ltd, on Monday posted a net loss of Rs. 327 crore for the quarter ended March 31, 2011. The company had reported a net profit of Rs. 58.9 crore in the third quarter ended December 31, 2010.

Siemens Gigaset launches all new A590 handset

Sat, 21 May 2011 05:06:00 GMT

Gigaset Communications is expanding its portfolio to include two easy-to-use phones for everyday calling needs: the Gigaset A590 offer long standby times, a handsfree function and excellent sound quality.

2G scam: Kanimozhi, Raja produced in court

Sat, 21 May 2011 04:59:59 GMT

Dravida Munnetra Kazhagam (DMK) MP Kanimozhi and former Telecom Minister A Raja were on Saturday produced before a special court here in connection with the 2G spectrum scam. Kanimozhi's mother and DMK leader T R Baalu were also present in the court.

ISRO successfully launches communication satellite GSAT-8

Sat, 21 May 2011 04:50:34 GMT

India's advanced communication satellite GSAT-8, which is aimed at augmenting direct to home TV broadcast services, was today successfully launched by Arianespace from Kourou in French Guiana. GSAT-8 was injected into space by European launcher Arianespace’s Ariane 5 rocket.

Gold rises further to Rs 22,670, silver slips by Rs 900

Sat, 21 May 2011 04:36:34 GMT

Gold extended gains by adding Rs 300 to Rs 22,670 per 10 grams on Saturday on sustained buying by retailers to meet the ongoing marriage season demand amid a firming global trend. However, silver shed Rs 900 to Rs 53,300 per kg on reduced offtake at existing high levels.

Apollo Hospitals signs MoU with University College of London

Sat, 21 May 2011 02:46:38 GMT

Apollo Hospitals Enterprise Ltd signed a memorandum of understanding with University College London (UCL) for collaboration in training and clinical research. Under the pact, both the partners to enter into a strategic partnership to promote and carry out educational and research initiatives.

Wipro Technologies launches system integration partnership

Sat, 21 May 2011 12:38:29 GMT

Wipro Technologies will offer system integration services to Wyde Corporation's insurance clients and prospects worldwide under a strategic partnership. Wyde is a leading international provider of core insurance software solutions.

ICSA (India) reports Rs 125.6 cr net for FY11, up 3 pc

Fri, 20 May 2011 07:32:20 GMT

City-based ICSA (India) Ltd, provider of embedded technology solutions and infrastructure deployment services for the power sector, on Friday said it posted Rs 125.63 cr net profit for the financial year 2010-11, a growth of 3.11 per cent from Rs 121.85 crore net it posted for FY 10.

Tata Teleservices offers ‘SSC Results’ on mobile

Fri, 20 May 2011 06:51:19 GMT

In an endeavor to offer its valuable customers the privilege of getting instant information on their finger tips, both the CDMA and GSM brand of Tata Teleservices on Friday announced that its customers can now avail the benefit of knowing SSC results on SMS and Voice portal.

2G scam: Kanimozhi arrested after her bail plea rejected

Fri, 20 May 2011 06:45:09 GMT

DMK MP and daughter of DMK supreme M Karunanidhi, Kanimozhi was arrested in New Delhi on Friday after a special Central Bureau of Investigation (CBI) court rejected her bail plea in 2G spectrum case. She was shifted to Tihar jail where she was lodged in a 15ft x 10ft cell.

Reliance Industries looks to raise $1.5 billion overseas loan

Fri, 20 May 2011 06:22:53 GMT

Mukesh Ambani-led Reliance Industries is looking to raise up to $ 1.5 billion of overseas loans, largely to replace its existing higher interest borrowings. The company was looking to raise the funds through dollar- denominated loans and has begun the process of finalising the same.

Pvt hospital mkt size may touch $54 bn by 2014: Assocham

Fri, 20 May 2011 06:13:06 GMT

The size of the Indian private hospitals market is expected to touch $ 54 billion by 2014, industry body Assocham said on Friday. Rising income levels and exposure to international standards of quality have led to increasing demand for quality private healthcare, it added.

Red Hat delivers Red Hat Enterprise Linux 6.1

Fri, 20 May 2011 01:20:59 GMT

Red Hat, Inc on Friday announced general availability of Red Hat Enterprise Linux 6.1, the first update to the platform since the delivery of Red Hat Enterprise Linux 6 in November 2010.

Symantec aquires Clearwell Systems

Fri, 20 May 2011 12:56:28 GMT

Symantec Corp on Friday said it signed a definitive agreement to acquire privately-held Clearwell Systems, Inc, a recognized leader in the eDiscovery market.

Srei Infrastructure net up 15 pc at Rs 179 cr in FY11

Fri, 20 May 2011 12:51:40 GMT

Srei Infrastructure Finance Limited saw a significant rise in its profitability recording a growth of 33 per cent in its profit before tax to Rs 289 crore in 2010-11 from Rs 218 crore during last fiscal.

Vikram Sud to head operations & tech, Citibank Asia Pacific

Fri, 20 May 2011 12:26:13 GMT

Citi appointed Vikram Sud as Head of Operations and Technology (O&T) for Asia Pacific. Vikram will be responsible for managing the Bank's operations, technology and shared services across 18 countries in the region.

Softcell to provide sales, services support in India for Macs

Fri, 20 May 2011 12:21:11 GMT

Softcell Technologies Limited, a leading IT services company providing end-to-end system integration services, announced that it was appointed as an "Authorised Apple Reseller" in India by Apple.

SAIL hosts meeting of Indian contenders for Hajigak deposits

Thu, 19 May 2011 07:25:04 GMT

Representatives of the 15 Indian steel and mining companies who had visited Afghanistan recently to inspect iron ore deposits at Hajigak in Afghanistan met on Thursday at Ispat Bhawan, the corporate headquarters of Steel Authority of India Ltd .

SKS completes Rs 50-cr MFI rated pool assignment transaction

Thu, 19 May 2011 05:55:18 GMT

City-based SKS Microfinance Limited on Thursday announced the completion of the first rated pool assignment (securitization) for the microfinance sector after the notification of Malegam Committee Recommendations.

L&T net up 15 per cent at Rs 1,686.21 cr in Q4

Thu, 19 May 2011 05:47:54 GMT

Infrastructure major Larsen and Toubro (L&T) on Thursday reported a 15 per cent growth in net profit to Rs 1,686.21 crore for the quarter ended March 31, 2011. The company had reported a net profit of Rs 1,438.10 crore for the corresponding quarter of 2009-10.

Market Xcel announces Team Xccellerate Program

Thu, 19 May 2011 05:07:19 GMT

Market Xcel, one of India's leading market research firms, on Thursday announced its unique training programme called, 'Team Xccellerate'. This unique training program has been specially created to attract talent pool into the market research industry across diverse disciplines and age-groups.

Mahindra Satyam inaugurates Roche Offshore Delivery Center

Thu, 19 May 2011 04:58:36 GMT

Mahindra Satyam on Thursday inaugurated the Roche Offshore Delivery Center (ODC) at Hyderabad.The center will deliver services on application development, testing, project management, communications and training to support the design, build and deployment of IT Lifecycle Services.

DataGuru.in teams up with industry leaders to deliver best B2B sales

Thu, 19 May 2011 04:35:23 GMT

Buoyed by the excellent response from the market and patronage of the biggest names across Industries, DataGuru.in looks forward to further expand their user base through innovative online tools.

SatNav to set up joint venture with AND of Netherlands

Thu, 19 May 2011 04:25:28 GMT

SatNav Technologies, India’s pioneer in GPS products, and map maker AND of Netherlands, the only independent digital mapping company in the world, on Thursday announced plans to set up a joint venture based on shared vision and complementary business opportunities.

Infotech Enterprises gets ‘Supplier of the Year’ from Boeing

Thu, 19 May 2011 04:15:11 GMT

City-based Infotech Enterprises Ltd was recognized by Boeing Company as Supplier of the Year in the “Non-Production” category. Infotech Enterprises was one of 16 companies honored last night at Seattle, Washington for distinguished performance in working with Boeing.

9.9 Media's ThinkDigit.com ranks as top technology website in India

Wed, 18 May 2011 07:31:06 GMT

9.9 Media on Wednesday announced that its website thinkdigit.com was ranked as the #1 technology website in India by Google Ad Planner.

Diverse mix of talents form ISB’s 2012 Class

Wed, 18 May 2011 07:24:05 GMT

City-based Indian School of Business (ISB), a leading business school in the country, on Wednesday announced commencement of the academic year for its 2012 Class which comprises 573 achievers representing diverse academic and professional backgrounds.The 2012 class has 167 women students.

Nokia to introduce 'Search' feature on phones

Wed, 18 May 2011 06:37:36 GMT

Nokia plans to introduce a new feature on its mobile phones, 'Search', which will enable users to identify a particular locality at the click of a button. The new feature helps customers to identify a place or a shopping mall or a food joint from their mobile phones.

Vodafone users get up, close and personal with celebrities

Wed, 18 May 2011 04:23:05 GMT

In a move that is sure to make the dreams of millions come true, Vodafone Essar, one of India's leading cellular service providers, has introduced 'Star Talk'.

MediaTek wins ‘Best Technology for Mobile Phone’ award

Wed, 18 May 2011 04:17:49 GMT

MediaTek Inc, a leading fabless semiconductor company for wireless communications and digital multimedia solutions, said it received the "Best Technology for Mobile Phone" award at the 5th National Telecom Awards 2011 conference held in New Delhi on Wednesday.

Bajaj Auto net zooms two-fold to Rs 1,400 cr in Q4

Wed, 18 May 2011 03:55:54 GMT

The country's second largest two-wheeler maker Bajaj Auto on Wednesday reported an over two-fold jump in its standalone net profit for the quarter ended March 31, 2011, to Rs 1,400.39 crore.The company had posted a net profit of Rs 528.65 crore for the corresponding period last year.

Godrej Interio launches comfy meter in Hyderabad

Wed, 18 May 2011 03:46:04 GMT

Godrej Interio, a leader furniture segment, launched the comfy meter for their mattress category. ‘Comfy Meter’ is a technology that has been introduced for the very first time in India which helps consumers to choose the ideal mattress as per their body structure.

IndicThreads.com to hold cloud computing conference in Pune

Wed, 18 May 2011 12:23:40 GMT

The 2nd Annual IndicThreads.com Conference On Cloud Computing will be held on 3-4 June 2011 in Pune, India. Sessions at the conference deal with topics like Cloud Lock-in, Cloud Security, OpenStack & Xen Cloud Platform.

IDBI Federal launches unit linked pension plan

Wed, 18 May 2011 12:18:02 GMT

Targeting the huge potential of post-retirement needs of the consumption-heavy generation, private insurer IDBI Federal Life Insurance launched a unit linked pension plan called IDBI Federal Retiresurance Milestone Pension Plan.

Gamesa bags order for 2000 MW wind turbines

Tue, 17 May 2011 07:00:22 GMT

Gamesa Wind Turbines Pvt. Ltd, the Indian subsidiary of Gamesa, a global leader in wind turbine manufacturing and in wind farm development, on Tuesday announced the signing of an order with Caparo Energy India Limited (CEIL).

Now, access Facebook on mobile without internet

Tue, 17 May 2011 05:36:50 GMT

Singapore-based software applications developer U2opia Mobile has developed a new application for mobile phones that will allow them to access Facebook on all kind of handsets without paying for a data connection.U2opia launched this application on Tuesday with Indian telecom major Bharti Airtel.

Tejas Networks wins telecom technology award 2011

Tue, 17 May 2011 05:29:23 GMT

Tejas Networks Ltd., a leader in next-generation optical networking products, SAID on Tuesday that it won the “Innovative Indigenous Telecom Equipment Company Award” given by the Federation of Indian Export Organizations (FIEO).

Amara Raja sales crosses Rs 2,000-cr mark in FY11

Tue, 17 May 2011 05:23:44 GMT

Amara Raja Batteries Limited (ARBL), on Tuesday said its gross sales witnessed 23 per cent growth at Rs 2,076.5 crore during financial year 2010-11, as against Rs 1,690.4 crore in FY10. The company’s net revenue also grew 20 per cent at Rs 1,761.1 crore (excluding other income).

Vodafone holding service camps for BlackBerry users

Tue, 17 May 2011 05:04:41 GMT

Vodafone Essar, a leading cellular service provider, in association with Research in Motion, is organizing service camps for BlackBerry users at select Vodafone Stores in Hyderabad and Visakhapatnam till May 28. Blackberry customers will be treated to a host of special offers at the camps.

Carrier India unveils new energy efficient ACs

Tue, 17 May 2011 04:52:52 GMT

Carrier Air-conditioning & Refrigeration Limited (Carrier India) has introduced its new product line of energy efficient air conditioners for the Indian market, including the X-Power Gold, Durakool Star Premium hi-wall and Estrella range of hi-wall air conditioners.

SBI net nosedives to Rs 20.9 cr in Q4

Tue, 17 May 2011 02:28:38 GMT

State Bank of India, the country's top lender, posted an unexpected plunge in quarterly net profit on Tuesday and lagged estimates by a massive margin, slammed by higher provisions for bad loans, operating costs and taxes. The bank said it will pay a dividend of Rs 30 per share.

Vidya Sagar Foundation conducts training program on seed production

Tue, 17 May 2011 01:31:42 GMT

Vidya Sagar Foundation (Vifou), a group company of Vibha Seeds, conducted fully sponsored, two and half month, training program on “Seed Production in Field and Vegetable Crops” at Vibha Seeds Group Companies from March 6 to May 14, 2011 to the three officials from the Government of Mozambique.

Fujifilm introduces new S3300 with 26x SuperZoom

Tue, 17 May 2011 01:26:47 GMT

Fujifilm India Pvt. Ltd has introduced a new digital camera in its S series- The all new S3300 with 26X Super zoom, HD Movie Recording, Smile and Shoot function.

Elfab to safeguard world's first coal gas-based LNG plant

Tue, 17 May 2011 12:17:59 GMT

Elfab, Europe's leading supplier of rupture discs, has won a $4,00,000 contract to meet the pressure relief requirements of a leading British gas and energy group's largest ever investment, a liquefied natural gas (LNG) development in north-east Australia.

GVK BIO signs pact with product development companies

Mon, 16 May 2011 07:47:48 GMT

GVK Biosciences (GVK BIO), Asia's leading drug discovery research & development organization announced today that it has been selected as a preferred provider to a consortium of 14 global Product Development Partners (PDPs) for clinical services in Asia.

Cyberabad Police strengthen citizen-centricity with support from GE Volunteers

Mon, 16 May 2011 07:26:29 GMT

Building on its citizen centricity initiatives, Cyberabad Police has started a five-hour weekly training on citizen centricity communications and behavior. The training program called ‘Citizens as Customers’ will be conducted by volunteers from GE India.

Greendiamz Biotech to supply biodegradable bags to TTD

Mon, 16 May 2011 07:14:22 GMT

Greendiamz Biotech Ltd has signed a deal with the Tirumala Tirupati Devasthanam Trust (TTDT) to supply bio-degradable bags to distribute Prasadam to the devotees The deal comes after TTDT, in a landmark decision, decided to ban the use of plastic bags in the temple premises.

Electrotherm launches modular casting machine

Mon, 16 May 2011 07:08:57 GMT

Electrotherm (India) Ltd, a leading manufacturer of induction melting furnaces and allied equipment, today in Hyderabad announced the launch of its innovative Modular Continuous Casting Machine meant for the ingot-making industry.

Netxcell launches profile page on Facebook

Mon, 16 May 2011 07:02:20 GMT

Netxcell announced the launch of its pofile on Facebook, one of the most popular social networking site. Netxcell, which started its operations in year 2000 in Hyderabad as India’s 1st Telecom VAS Company, has been growing consistently over the years.

Petrol prices shoot up by Rs. 5

Sat, 14 May 2011 07:20:23 GMT

The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came a day after election results of five state assemblies were announced.

Religare Enterprises appoints Raghuram Raju as Group General Counsel

Fri, 13 May 2011 07:18:05 GMT

Religare Enterprises Limited (REL) announces the appointment of Raghuram Raju as Group General Counsel. In his new role, Raghuram will provide strategic leadership to the legal, compliance and secretarial functions of the group and will report into the Group CEO.

Tata Motors Group global sales at 87,114 in April

Fri, 13 May 2011 07:14:21 GMT

Tata Motors Group global wholesales, including Jaguar Land Rover, were 87,114 units in April 2011, a growth of 12 per cent over April 2010 sales.

Volkswagen Group global sales up 13.9 pc in Jan-April

Fri, 13 May 2011 07:08:05 GMT

German auto major Volkswagen Group reported 13.9 pc rise in its global vehicle deliveries at 2.66 million units for the first four months of this year. The automaker delivered 2.34 million vehicles during January-April, 2010.

Tata Indicom introduces new avatar of ‘Pay Per Call’ Plan

Fri, 13 May 2011 05:12:07 GMT

Tata Indicom, the CDMA brand of Tata Teleservices Limited (TTL), has launched an entirely new avatar of ‘Pay Per Call’ (PPC) for its pre-paid customers across circles.

Sensex up 195 points on global cues, positive poll results

Fri, 13 May 2011 04:54:08 GMT

Indian markets ended on a positive note but off day's highs as sentiments turned bullish after UPA's win against the Left Parties in West Bengal and Assam. Traders also took positions in stocks across the board following a sharp correction in previous session.Positive cues from Europe also helped.

Gayatri Projects net up 14.38 pc at Rs 61 cr in FY11

Fri, 13 May 2011 04:41:54 GMT

Gayatri Projects Limited (GPL), the city-based leading infrastructure company, has reported a robust increase of 14.38 per cent in its net profit at Rs. 61.01 crore for the year ended March 31, 2011, as against Rs. 53.34 crore in FY10. The turnover went up 15 per cent to Rs. 1,440.55 cr.

Spice face cancellation of telecom licence in Andhra Pradesh

Fri, 13 May 2011 04:27:55 GMT

The Telecom Ministry has issued a showcause notice to Idea Cellular for the Karnataka circle and Spice for the Andhra Pradesh circle for cancellation of licences on account of a delay in network roll-out.

Dr Reddy’s net doubles at Rs 334 crore in Q4

Fri, 13 May 2011 03:26:49 GMT

Dr Reddys Laboratories Ltd posted a net profit of Rs 334.5 crore for the quarter ended March 31, 2011, as compared to Rs 166.7 crore for the quarter ended March 31, 2010, a growth of 101 per cent. The company’s total income during the period grew by 23 per cent to Rs 2,017.3 crore in Q4FY11.

Alphonso mangoes now available on Gati’s makemygiftz.com

Fri, 13 May 2011 12:46:07 GMT

Gati Ltd is now offering India’s most popular ‘Alphonso Mango’ under ‘Gati Mango Mania’ on its gifting site makemygiftz.com. Available in one dozen packs, priced at Rs.699, these mangoes are carefully hand-picked and packaged from the farms of Ratnagiri belt in Maharashtra.

Sensex up by 216 points on rise in banking, realty

Fri, 13 May 2011 12:32:13 GMT

Fresh buying at banking, metal and realty counters pushed up the BSE benchmark Sensex by 216 points in early trade on Friday despite mixed global cues. The Sensex resumed higher at 18,362.45 and shot up further to 18,563.75 before quoting at 18,551.75 at 1015 hours.

SKS moves SC against AP govt's Microfinance Act

Thu, 12 May 2011 08:05:20 GMT

SKS Microfinance on Thursday challenged in the Supreme Court the special act passed by the Andhra Pradesh government to regulate micro finance institutions in the state after allegations that their high interest rates and strong-arm recovery methods led to suicides by farmers.

GM India likely to produce electric mini-car at Talegaon

Thu, 12 May 2011 06:55:47 GMT

General Motors India on Thursday said it may consider producing an electric mini-car at its Talegaon facility in Maharashtra after it showcases the model next month in the country. The company will also introduce a diesel variant of its small car Beat with a 1.0-litre engine in June.

Phaneesh Murthy appointed CEO of Patni Computer

Thu, 12 May 2011 06:30:43 GMT

IT company iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy as its CEO. Consequently, Jeya Kumar has stepped down as the Patni CEO. iGATE entered into pact on Jan 10, 2011 to acquire majority stake in Patni Computer.

Gangavaram Port conducts public hearing for expansion

Thu, 12 May 2011 05:48:58 GMT

Gangavaram Port, the ultra-modern port located at Visakhapatnam, conducted its public hearing for its expansion plan on Thursday.

Persistent Systems expands its board of directors

Thu, 12 May 2011 05:32:11 GMT

Persistent Systems, a leader in software product development services, on Thursday announced the expansion of the company’s Board of Directors with the inclusion of Sanjay Bhattacharyya, former MD, State Bank of India as an Independent Director on the Board of the Company.

SBI to raise $3-$4 billion offshore in FY12

Thu, 12 May 2011 04:08:03 GMT

State Bank of India (SBI) will raise $3 billion to $4 billion in offshore debt in the current fiscal year and plans to foray into the domestic bond underwriting business as it looks to cement its position as the country's top lender.The bank has cut its loan growth target 17-19 pc this fiscal.

HNG to acquire Germany-based Agenda Glas AG

Thu, 12 May 2011 02:11:35 GMT

Hindusthan National Glass (HNG), one of the frontrunners in the Indian packaging industry, said on Thursday that it would acquire Agenda Glas, AG situated in Gardelegen, Germany, entailing an investment of 50 million euro (Rs 321 Cr) over the next one year.

Rancore Technologies wins two awards at 2011 Red Hat Summit

Thu, 12 May 2011 01:50:50 GMT

Red Hat, Inc., the world's leading provider of open source solutions, on Thursday announced that Rancore Technologies has won the Outstanding Open Source Architecture award in the fifth annual Red Hat and JBoss Innovation Awards.

Food inflation falls to 18-month low of 7.7 pc

Thu, 12 May 2011 01:27:57 GMT

Food inflation dropped to 7.7 per cent for the week ended April 30, the lowest level in 18 months, due to a fall in the price of pulses and vegetables. The rate of price rise in food items was 8.53 per cent in the previous week and 21.46 per cent in the comparable period of 2010.

Akamai, Riverbed to accelerate apps over hybrid cloud networks

Thu, 12 May 2011 01:14:31 GMT

Akamai Technologies, Inc, and Riverbed Technology, the IT performance company, on Thursday announced their work on a joint offering designed to overcome the application performance bottlenecks facing enterprises that leverage public cloud services.

MTS slashes call rates for US, Canada, UK by 40 pc

Wed, 11 May 2011 06:47:51 GMT

Sistema Shyam TeleServices Ltd (SSTL), which operates its telecom services under the MTS brand, has slashed call rates to US, Canada and UK by 40 per cent to Rs 3.99 per minute. The new call rates will be come into force from May 15, the International Day of Family.

Hyundai India launches new Verna, priced from Rs 6.99 L

Wed, 11 May 2011 06:27:51 GMT

Hyundai Motors India on Wednesday launched the new-generation Verna sedan. The price of the all-new Verna will start at Rs. 6.99 lakhs for the base petrol version, and go all the way up to Rs. 10.74 lakh for the 1.6 diesel automatic.It will be available in two petrol and two diesel versions.

Ericsson to recruit over 1,500 in India by year-end

Wed, 11 May 2011 05:48:45 GMT

Telecom equipment maker Ericsson on Wednesday said it plans to hire more than 1,500 people at its global delivery centre in India by the year end. Currently located in Gurgaon, the centre has close to 3,500 people and is its largest delivery centre globally. Its portfolio includes consulting.

Cognizant to provide BPO services to Lincoln Trust

Wed, 11 May 2011 05:42:03 GMT

Cognizant announced on Wednesday that Lincoln Trust, an established leader in the self-directed retirement plan industry, selected Cognizant to provide BPO services supporting its full range of retirement plan products.

Venturesutra simplifies funding for entrepreneurs

Wed, 11 May 2011 05:29:43 GMT

Venturesutra has unveiled the first of its kind direct and private funding platform in India to help startup and growing enterprises easy and quick access to funding source.

Puravankara forays into coimbatore

Wed, 11 May 2011 02:42:56 GMT

Puravankara Projects Limited, one of the leading real estate companies of the country launches its first luxury property in Coimbatore, Purva Bluemont. This property institutes the idea of ‘Modern Contemporary Luxury’.

Hughes launches cloud services on Microsoft platform

Wed, 11 May 2011 02:27:36 GMT

Hughes Communications India, Ltd. (HCIL) on Wednesday announced that it partnered with Microsoft to launch a subscription-based messaging and collaborative service built on Microsoft's Communication Services platform for business customers.

Extreme Networks introduces open fabric data center architecture

Wed, 11 May 2011 02:23:21 GMT

Extreme Networks, Inc on Wednesday announced the extreme networks open fabric data center solutions, a portfolio of cloud-scale data center switches that allow organizations to more cost-effectively build highly scalable, mobile and virtualized networks.

Palintest launches 9100 UV-Vis Spectrophotometer

Wed, 11 May 2011 02:17:42 GMT

Palintest, a leading water analysis company, has launched 9100 UV-Vis Spectrophotometer. The new spectrophotometer offers accurate, full-power spectroscopic analysis for the lab environment.

Wipro acquires majority stake in Brazil’s cylinder maker

Wed, 11 May 2011 12:39:50 GMT

Wipro Limited on Wednesday announced that the company signed an agreement to acquire majority stake of Brazil-based hydraulic cylinder manufacturer R K M Equiomentos Hidraulicos LTDA. The acquisition will be a part of Wipro’s Infrastructure Engineering division.

Kavveri Telecom forays in 4G technology

Wed, 11 May 2011 12:27:11 GMT

Kavveri Telecom, a leading telecom manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry, forayed into 4G technology by launching a first of its kind product in the world.

BMW India unveils vision EfficientDynamics concept car

Tue, 10 May 2011 10:14:05 GMT

The BMW Vision EfficientDynamics concept car was unveiled Tuesday at Deutsche Motoren by Praful Patel, Union Minister for Heavy Industries and Public Enterprises. The German Ambassador to India, Thomas Matussek was present at the event.

Microsoft to acquire Skype for $ 8.5 billion

Tue, 10 May 2011 10:08:50 GMT

In one of its biggest buyouts in over three decades, Microsoft will snap up Skype for $8.5 billion in cash, a move that would bolster the software major's presence in the highly competitive Internet market.The transaction has been approved by the boards of directors of the two companies.

SC clears deck for prosecution of Reliance honchos

Tue, 10 May 2011 10:03:15 GMT

Three top executives of the undivided Reliance Group - A N Sethuraman, Shankar Adawal and V Balasubramanium - will face criminal proceedings on charges of possessing confidential government documents after the Supreme Court on Tuesday refused to give them any relief.

HDFC Q4 net up 23 pc; declares 450 pc dividend

Tue, 10 May 2011 09:55:10 GMT

Housing finance lender HDFC Ltd Tuesday said its net profit rose by 23.2 per cent to Rs 1,141.9 crore for the quarter ended March, 2011. The company had a net profit of Rs 926.3 crore in the January-March quarter of the previous fiscal.Total income rose to Rs 3,784.8 crore in Q4 FY11.

Centre to raise Rs 40,000 crore via public offers in FY 12

Mon, 09 May 2011 07:24:18 GMT

The central government has set a target to raise Rs 40,000-crore through disinvestment this year and has lined up public offers of Power Finance Corporation, SAIL, ONGC and Hindustan Copper in the current fiscal, a top govt official said. Last year, Rs 22,400-crore was raised through disinvestment.

Aditya Birla Money launches gold harvest plan

Mon, 09 May 2011 05:47:40 GMT

Aditya Birla Money, the broking, distribution and wealth management arm of Aditya Birla Financial Services Group, has launched a new way to invest in Gold through its systematic accumulation plan- Gold Harvest.

Volkswagen chairman receives honorary doctorate

Mon, 09 May 2011 03:50:51 GMT

Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, on Monday received an honorary doctorate (Dr.-Ing. E. h.) from Chemnitz University of Technology.

Indian digital camera market records 69 pc sales growth

Mon, 09 May 2011 02:57:17 GMT

The India digital camera market recorded a healthy growth in October-December 2010 (or Q4 CY 2010) with unit sales of recording 69 per cent year-on-year growth over October-December 2009.

Ugam Research launches EnRAPTURE online surveys

Mon, 09 May 2011 02:49:45 GMT

Ugam Research Solutions, a leading global provider of market research operations solutions, has launched ‘EnRAPTURE’, a game changing solution that enables researchers to easily build visually immersive, interactive and engaging online surveys that participants would love to participate in.

Domestic car sales up 13 pc in April: SIAM

Mon, 09 May 2011 01:03:23 GMT

Domestic passenger car sales jumped by 13.18 per cent to 1,62,825 units in April from 1,43,862 units in the same month last year. motorcycle sales in the country during the month grew by 23.39 per cent to 8,09,565 units from 6,56,096 units in the corresponding month last year.

Tunturi introduces T80 treadmill

Mon, 09 May 2011 01:00:10 GMT

Tunturi, the world leader in fitness trainers, has entered India through an exclusive partnership with Stag International, bringing its innovative character, high quality and characteristic Scandinavian design for the fitness conscious of the country.

Breaching All Boundaries – India Real Estate By 2020

Mon, 09 May 2011 11:50:51 GMT

Despite the continuing turbulence and uncertainty in other parts of the globe, two economies – India and China – will continue to grow at an annual rate of 8-10%. In fact, by 2020 India will become the 3rd largest economy after China and the US.

SKS Microfinance shares plunge 14 pc after Q4 loss

Mon, 09 May 2011 11:26:40 GMT

Shares of city-based SKS Microfinance hit an all-time low on the bourses in morning trade on Monday after the company posted a net loss of Rs 70 crore for the fourth quarter ended on March 1, 2011. The stock dropped by 14.27 per cent to touch a new low of Rs 284 on the Bombay Stock Exchange.

Suryalakshmi Cotton net zooms to Rs 34.8 cr in FY11

Mon, 09 May 2011 11:11:40 GMT

Suryalakshmi Cotton Mills Ltd posted 700 pc jump in net profit to Rs 34.8 crore in financial year 2010-11 from Rs 4.35 crore in the preceding fiscal. The company’s total income also jumped by 46.9 per cent at Rs 612.19 crore in FY11 from Rs 416.73 crore a year ago.

Apple usurps Google as world's most valuable brand

Mon, 09 May 2011 10:49:17 GMT

Apple has overtaken Google as the world's most valuable brand, ending a four-year reign by the Internet search leader, according to a new study by global brands agency Millward Brown. The iPhone and iPad maker's brand is now worth $153 billion, almost half Apple's market capitalization.

‘Aviation sector needs $30 bn investment over 15 yrs’

Fri, 06 May 2011 07:16:05 GMT

The aviation sector needs USD 30 billion worth of investment over the next 15 years to keep up with booming passenger and cargo traffic, Secretary Nasim Zaidi said. 12 greenfield airports are being developed in different parts of the country, providing an opportunity to become a global hub.

Audi says Indian car demand to cross 3 million by 2014

Fri, 06 May 2011 06:34:56 GMT

German luxury carmaker Audi expects the demand for cars in India to grow by more than three million by 2014, as the demand of the growing middle-class for individual mobility continues to increase.Population and traffic volumes are growing at a particularly rapid pace in China and India.

2G scam: DMK MP Kanimozhi appears in court, seeks bail

Fri, 06 May 2011 05:30:56 GMT

Tamil Nadu Chief Minister M Karunanidhi's daughter and DMK MP Kanimozhi on Friday appeared before a special court, responding to summons for her alleged involvement in the 2G spectrum scam and sought bail on grounds of being a woman. Senior advocate Ram Jethmalani filed a bail plea on her behalf.

SKS Microfinance share falls 18 pc after JPMorgan price cut

Fri, 06 May 2011 02:50:27 GMT

Shares in city-based SKS Microfinance fell nearly 18 per cent on Friday, touching an all-time low after JPMorgan cut its share price target by more than half. The once-thriving microfinance sector has been reeling since the state of AP clamped down on sector collection practices.

Kredence unveils social buying platform GroupByte

Fri, 06 May 2011 02:42:40 GMT

Digital media and solutions company Kredence on Friday announced the launch of GroupByte ( www.groupbyte.com ), a unique social buying platform that allows individual buyers to get significantly reduced pricing on some of the best known branded products.

Jagran Solutions brings alive Red Bull Chris Pfeiffer India Tour 2011

Fri, 06 May 2011 02:32:07 GMT

Jagran Solutions - India's leading new age marketing agency that provides solutions for brand activation via Consumer Connect Strategies managed the 'Chris Pfeiffer India Tour 2011' for Red Bull across 10 cities in India. The tour was aimed at inspiring more freestyle bikers across the country.

Enchanteur voted Product of the Year 2011

Fri, 06 May 2011 02:27:48 GMT

Wipro’s ‘New Enchanteur Moisture Silk Perfumed Hand and Body Lotion’ is voted a winner in the Product of the Year 2011 Consumer Survey in the ‘Body Lotions’ category.

Altair Engineering receives Boeing performance excellence award

Fri, 06 May 2011 01:35:16 GMT

Altair Engineering on Friday announced that it received a 2010 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance.

Andhra Bank net up 17 p.c. at 1,267 cr in FY11

Thu, 05 May 2011 06:30:16 GMT

Andhra Bank net profit up 17 per cent at Rs 1,267.8 crore for the year ended March 31, 2011, as against Rs 1,049.67 crore it recorded in FY10. The total income went up from Rs 7,340.6 crore in financial year 2009-10 to Rs 9,188.6 crore in FY11, a growth of 20 per cent.

Citrix announces startup accelerator global challenge 2011

Thu, 05 May 2011 04:51:06 GMT

Citrix Systems on Thursday announced the global challenge 2011, an opportunity for Indian entrepreneurs to compete for up to $400,00 (upto Rs. 1.75 crore) from the Citrix Startup Accelerator, the company’s global seed investment initiative.

Oracle to hold Oracle Develop 2011 meet in Hyderabad from May 10

Thu, 05 May 2011 04:37:03 GMT

Oracle announced details about the JavaOne and Oracle Develop 2011 conferences to be held on May 10, 11, 2011,in Hyderabad.The conferences are aimed at further strengthening capabilities of developers and offering them a platform to learn more about recent developments.

Freshersworld.com launches job mentor

Thu, 05 May 2011 01:20:45 GMT

JobMentor benefits both, freshers get exposure to a typical corporate recruitment process along with receiving relevant feedback to improve upon, and corporates get access to pre-assessed candidates.

Silver futures continue to slide on weak global cues

Thu, 05 May 2011 01:12:47 GMT

Silver continued its downward trend for yet another session and its prices fell sharply by Rs 786 to Rs 59,260 per kg in futures trade on Thursday as speculators engaged in off-loading their positions, taking cues from a weakening global market.Silver for July delivery down to Rs 59,260 per kg.

Cheaper pulses bring down food inflation to 8.53 pc

Thu, 05 May 2011 01:06:43 GMT

Food inflation fell to 8.53 per cent for the week ended April 23 on the back of fall in prices of pulses, reversing the upward trend seen in the previous fortnight. Food inflation in the previous week was 8.76 per cent.The wholesale prices of pulses declined by 7.39 per cent on a year-on-year basis.

Bharti airtel net down 31.48 pc to Rs 1,400.7 cr in Q4

Thu, 05 May 2011 12:56:20 GMT

Telecom major Bharti Airtel posted a net profit of Rs 1,400.7 crore for the quarter ended March 31, 2011, down 31.48 per cent from Rs 2,044.4 crore net it posted in the corresponding quarter last fiscal.The decline in net profit was on account of higher cash outflow for its African operations.

Ford forays into used car business in India

Wed, 04 May 2011 10:32:38 GMT

Witnessing a strong potential in the used car business, the US-based car maker Ford on Wednesday made a foray into multi-brand used car business with the opening of five 'Ford Assured' showrooms in the country. The used car business entity Ford Assured would be present at the Ford showrooms.

BMW India opens new dealership in Raipur.

Wed, 04 May 2011 03:21:20 GMT

BMW India announced the launch of Munich Motors, its new dealership facility in Raipur. Munich Motors brings to Raipur the BMW standards of sales and service and the same international experience as any BMW dealership worldwide.

Silver falls to Rs 63,600 on weak global cues, gold down

Wed, 04 May 2011 03:17:22 GMT

Silver plunged by Rs 3,800 to Rs 63,600 per kg today due to heavy offloading by speculators, amid a weakening global trend. Gold also declined by Rs 65 to Rs 22,655 per 10 grams on sluggish demand at existing high levels.ilver coins followed suit and fell by Rs 3,000 to Rs 70,000 for buying.

Ramco Systems receives 'Watts S Humphrey Award'

Wed, 04 May 2011 01:55:34 GMT

Ramco Systems, a leading software company focused on consulting, product and managed services, received Watts S Humphrey award for Software Quality and Process Improvement at the SPI Conference 2011, organised by Software Process Improvement Network (SPIN), Chennai.

Govt mulling Rs 3/litre diesel rate hike after state polls

Wed, 04 May 2011 01:43:51 GMT

The Government plans to hike diesel prices by up to Rs 3 a litre soon after the Assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card. EGoM headed by Finance Minister Pranab Mukherjee is to meet on May 11 to discuss the hike.

Star Union Dai-ichi Life launches two new plans

Wed, 04 May 2011 01:25:12 GMT

Star Union Dai-chi Life (SUD Life) launched its two latest product offerings, one in the unit linked insurance product (ULIP) segment, Dhan Suraksha Express and another in the traditional category, Defined Growth Endowment Plan.

‘Over 50 pc US green card holders plan to return home’

Wed, 04 May 2011 01:07:37 GMT

The United States may experience reverse brain drain as thousands of Indian IT professionals contemplate returning to India.The finding was based on a survey of more than 1,000 survey respondents of Indian origin, nearly half of which were IT professionals that plan to return to India.

Valvoline organizes games, lucky draws for mechanics

Wed, 04 May 2011 12:10:14 GMT

To enhance its relationship with the mechanics further, Valvoline Engine Oil is taking initiatives to make them a part of Valvoline‘s association with Pune Warrior. The lubricant giant has organized lucky draw and games for mechanics at various transports and agri hubs.

Ybrant Digital unveils Facebook Quality Control Center

Tue, 03 May 2011 07:36:24 GMT

Ybrant Digital, the global digital marketing company, on Tuesday unveiled Facebook Quality Control Center (QCC), a new technology solution for complying with Facebook’s latest regulations for advertising on apps.The QCC was built on AppNexus, the real-time ad platform for ad networks.

CII AP organizes seminar on investment opportunities in Toronto

Tue, 03 May 2011 06:49:30 GMT

CII Andhra Pradesh, in association with Invest Toronto, Fasken Martineau and PwC Canada, organized a seminar on business opportunities in Toronto here on Tuesday. The business delegation was here to encourage companies to capitalize on the investment opportunities available in Toronto.

Unitech launches Palace Court in Mysore

Tue, 03 May 2011 05:43:11 GMT

Unitech Limited, India's leading business group and an integrated developer of large-scale real estate projects, launched new luxury real estate project Palace Court in Mysore.

MIAL celebrates passengers day at CSIA

Tue, 03 May 2011 04:54:21 GMT

As Mumbai International Airport Pvt Ltd (MIAL) completed five years of taking over operations at Chhatrapati Shivaji International Airport (CSIA) passengers were treated to some personalized, memorable and positively surprising moments on the occasion of “Passengers’ Day”.

Chest physician Dr. Pradyut Waghray receives Bharat Jyoti Award

Tue, 03 May 2011 04:44:47 GMT

City-based eminent chest physician Dr. Pradyut Waghray was conferred with the ‘Bharat Jyoti Award’ by the India International Friendship Society, New Delhi.

Voice and Data puts India's mobile users at 500 million, not 800 million

Tue, 03 May 2011 04:02:16 GMT

Voice and Data journal, which analysed statistics released by telecom regulator TRAI along with industry data and inputs, pegged the number of active mobile users in India at 500 million, which is much lower than the 800 million that is projected as the official number of mobile subscribers.

Uninor to open 25 new branded stores in Andhra Pradesh

Tue, 03 May 2011 03:45:12 GMT

Consolidating its presence in the state, Uninor on Tuesday shared plans for further retail expansion in AP. The GSM provider which has established its presence across 23 districts, 500 towns and 2000 villages in the state said that it would be taking the number to 90 stores by June 2011.

Mercedes-Benz launches SL 350, GL 500 models in India

Tue, 03 May 2011 03:32:59 GMT

Mercedes-Benz India on Tuesday unveiled two more premium automobile models SL 350 sports car and GL 500 SUV in India. These models are priced at Rs 98.5 lakh and Rs 80.9 lakh respectively.The SL 350 is powered by a 3.5 litre V6 engine while GL 500 is equipped with a 5.4L V6 engine.

Mundra Port to develop coal terminal in Australia

Tue, 03 May 2011 02:54:42 GMT

Mundra Port and Special Economic Zone Ltd (MPSEZ), the company that manages and operates the biggest private port in India, emerged as the successful bidder for long term lease of Abbot Point X50 Coal Terminal (APCT) in the State of Queensland in Australia.

WGC plans promotional activities for Akshaya Trithiya

Tue, 03 May 2011 01:18:21 GMT

World Gold Council, the leading market development organisation for the gold industry, is all set to welcome this Akshaya Trithiya through a series of exciting initiatives. It is partnering with its various associates to promote options for consumers to invest in gold.

ITShastra's advisory board adds Dr. Paul Kustes

Tue, 03 May 2011 12:17:46 GMT

ITShastra, a software development, testing and design company for worldwide business needs and offshore project delivery, on Tuesday announced that Dr. Paul Kustes joined the company's advisory board and will help promote ITShastra efforts within the US.

RBI hikes repo rate by 50 bps to 7.25 pc

Tue, 03 May 2011 12:00:36 GMT

In a bid to check inflation, Reserve Bank of India on Tuesday raised its short term lending (repo) rate by 50 basis points to 7.25 per cent, while lowering the economic growth projection to 8 per cent for the current fiscal. The RBI also increased the saving bank rate by 50 bps to 4 per cent.

Polo, Vento drive Volkswagen sales in April

Mon, 02 May 2011 09:58:46 GMT

German automaker Volkswagen sold 7,000 vehicles in April 2011, with Polo hatchback and Vento sedan contributing 6,621 units.

Tally launches TallyShop online apps store

Mon, 02 May 2011 05:20:15 GMT

Tally Solutions Pvt Ltd, a leading business management software product company in India, for the first time launches ‘TallyShop’ an online application store.

India's exports surge to record growth in 2010-11

Mon, 02 May 2011 05:09:10 GMT

India's exports surged to record high growth of 37.6 percent in the fiscal year 2010-11, the government said in a statement on Monday, as demand soared for engineering goods, oil products and gems manufactured in Asia's third-largest economy.Exports were at $245.9 billion for the year.

Skoda Auto India sells 2,446 vehicles in April

Mon, 02 May 2011 04:19:08 GMT

Czech premium car-maker Skoda Auto India, part of Volkswagen Group, on Monday said its sales zoomed by 90 per cent in April to 2,446 units from 1,285 units it sold in the same month in 2010.

EID Parry net up 16 pc at Rs 112.2 cr in Q4

Mon, 02 May 2011 03:54:40 GMT

EID Parry (India) Ltd on Monday announced that its net profit for the quarter ended March 31, 2011 increased by 16.09 per cent to Rs 112.25 crore, as against Rs 96.69 crore it generated in the same period a year ago.

IFC, PTC Financial Services to finance renewable energy projects

Mon, 02 May 2011 03:36:19 GMT

IFC, a member of the World Bank Group, is partnering with India’s PTC Financial Services Limited, a nonbanking-finance company, to support smaller infrastructure local firms in developing sustainable and renewable sources in India.

Tech Mahindra to set up BPO operations in Philippines

Mon, 02 May 2011 03:30:38 GMT

Tech Mahindra, India’s fifth largest software exporter and part of the $ 11.1 Billion Mahindra Group, announced its plans to set up BPO operations in Philippines.

Hyundai reports marginal increase in April sales at 52,020 units

Mon, 02 May 2011 02:19:10 GMT

India’s second largest carmaker Hyundai Motor India on Monday said it sold 52,058 units in April 2011, a marginal increase from 52,020 units it sold in the same month a year ago period.

Infotech lays foundation stone for its facility at Kakinada SEZ

Mon, 02 May 2011 12:55:07 GMT

Infotech Enterprises Limited, a leading global engineering services company, laid the foundation stone for its new facility at the IT SEZ, Sarpavaram, Kakinada in Andhra Pradesh.The new facility will be Infotech’s second SEZ being built in 5 acre campus with 1000 seats.

Maruti Suzuki posts 4 pc jump in its April sales

Mon, 02 May 2011 12:36:44 GMT

India’s largest carmaker Maruti Suzuki India on Monday said it sold 97,155 units in April, a 4.40 per cent jump from 93,058 units the company sold in the same month last year. The company’s domestic sales were up 8.88 per cent at 87,144 units in April 2011, as against 80,034 units in April, 2010.

'Infosys 3.0', is IT? So, innovate!

Mon, 02 May 2011 11:00:18 GMT

It was all nostalgia, lumpy throats and rich tributes, on April 30, as India's role model of a corporate leader, N R Narayana Murthy, announced his retirement from the chairmanship of Infosys, the iconic company he co-founded with a few techie friends 30 years ago and saw it grow.

Osama bin Laden killed by US forces near Islamabad

Mon, 02 May 2011 10:44:59 GMT

The mastermind of the worst terrorist attack on American soil is dead, U.S. President Barack Obama announced late Sunday night, almost 10 years after the attacks that killed almost 3,000 people. Osama bin Laden -- the longtime leader of Al Qaeda -- was killed by U.S. forces near Islamabad.

KV Kamath is new Infosys chairman, Shibulal new CEO

Sat, 30 Apr 2011 06:46:14 GMT

IT major Infosys Technologies announced its biggest transition in three decades. NR Narayana Murthy, the man who built a global technology services giant out of India, will retire. The board appointed KV Kamath as new chairman of Infosys and SD Shibulal as new CEO.

US Foundation supports education & training at LVPEI

Sat, 30 Apr 2011 05:46:52 GMT

Thadikonda Research Foundation of Frederick, USA pledged a donation of Rs.3.00 crore towards strengthening the education and training centre at the Hyderabad campus (Kallam Anji Reddy Campus) of L V Prasad Eye Institute (LVPEI).

Shriram Transport opens Automall in Vadodara

Sat, 30 Apr 2011 04:28:02 GMT

Shriram Transport Finance Company Limited, India’s largest asset financing company, on Saturday launched Shriram Automall in Vadodara, the country’s first single- window destination for trade of pre-owned commercial vehicles.

Oil PSUs to lose over Rs 180,000 cr on fuel sales this fiscal

Sat, 30 Apr 2011 04:17:43 GMT

State-owned oil firms companies will lose a whopping Rs 1,80,000 crore on fuel sales this fiscal if domestic retail prices are not hiked in step with the cost of raw material.The revenue loss will be the highest ever, even more than what they lost in 2008-09 when crude touched a record high.

Pilots' strike: Air India operates just 39 flights

Sat, 30 Apr 2011 03:28:52 GMT

Air India on Saturday further reduced its operations to 39 domestic flights out of its regular 320 as the strike by its pilots entered the fourth day. While 21 flights will be operated from the national capital, Air India's Mumbai operations have almost come to a standstill.

Gold reaches new high of Rs 23,175/10 gram, silver slips

Sat, 30 Apr 2011 03:16:36 GMT

Gold prices surged to a new peak and crossed the Rs 23,000 mark in the national capital on sustained buying by speculators, triggered by a strong rally in overseas markets. Silver, however, dropped due to reduced offtake.The yellow gold spurted by Rs 655 to all-time high of Rs 23,175 per 10 gram.

SBH net up 42 pc at Rs 1,166 crore in FY11

Sat, 30 Apr 2011 02:45:59 GMT

State Bank of Hyderabad reported 42 per cent jump in net profit for 2010-11, as compared to Rs 823 crore it posted during the preceding financial year.The bank’s operating margin was up 35 per cent at Rs 2,319 crore in FY11, as compared to Rs 1,721 crore for 2009-10.

Servalakshmi Paper IPO oversubscribed 1.46 times

Sat, 30 Apr 2011 12:15:23 GMT

The IPO by the Servalakshmi Paper Limited, one of the largest single location plant in India and ranking within 15 major paper plants in the country, has been subscribed 1.46 times with bids received totaling 32.43 million equity shares by 5 pm on the last day of the Issue on Friday.

Wipro unveils lab in Bellevue to test unified communications solutions

Sat, 30 Apr 2011 12:09:11 GMT

IT major Wipro Technologies unveiled a state-of-the-art testing facility in Bellevue, WA, USA, to provide Microsoft Lync Server 2010 qualification testing services for unified communication products.

IT-ITeS sector to hire 2.5 lakh people this year: Nasscom

Fri, 29 Apr 2011 05:40:19 GMT

Driven by steady recovery in demand for technology services, the Indian IT industry is expected to hire about 2.5 lakh people during this fiscal, Nasscom said on Friday.Pent-up demand for IT services after the slowdown and return of discretionary spending in the market are the key drivers.

Granules India posts Rs 21-cr net in FY11, down 30 pc

Fri, 29 Apr 2011 04:58:54 GMT

City-based Granules India Ltd, a vertically integrated formulation manufacturer, posted Rs 21-crore net profit for the financial year 2010-11, a 30 per cent decline from Rs 30 crore net it reported during the preceding financial year.The net sales increased from Rs 461 crore to Rs 476 crore.

Emirates SkyCargo expands operations to Lucknow

Fri, 29 Apr 2011 04:46:39 GMT

Looking to expand its footprint in Northern India, Emirates SkyCargo on Friday announced the launch of their cargo operations from Lucknow, the capital city of Uttar Pradesh.

ICICI Bank relocates branch in Srinagar Colony

Fri, 29 Apr 2011 04:41:48 GMT

ICICI Bank Ltd, India's second largest sector bank, on Friday announced the relocation of its branch in Krishna Nagar to Srinagar Colony Hyderabad. The branch is located at Srinagar Colony and was inaugurated by noted actor Dr. Akkineni Nageswara Rao.

Gold hits new high of Rs 22,520 per 10 gm on global cues

Fri, 29 Apr 2011 04:09:07 GMT

Gold scaled a new peak by adding Rs 50 to a record price of Rs 22,520 per 10 gram in the national capital on Friday on rising seasonal demand amid a firming global trend. The yellow metal remained in demand ahead of the upcoming 'Akshya Tritya' festival.

Apple launches iPad 2 in India, priced up to Rs 46,900

Fri, 29 Apr 2011 03:59:45 GMT

Apple's iPad 2 hit Indian stores on Friday, just over a month after the company started selling the updated version of its popular tablet device in the United States. The iPad 2 that features two cameras for video chat is priced between Rs 29,500 and Rs 46,900, depending on the model.

ThinkLABS holding summer camp on robotics, virtual robotics

Fri, 29 Apr 2011 02:00:46 GMT

ThinkLABS Technosolutions Pvt Ltd, a pioneer in the fields of hands-on science and technology education in India, is organizing a unique hands-on learning camp on robotics and virtual robotics for school children in Hyderabad.

Kansai Nerolac Paints posts Rs 58.86 cr net in Q4

Fri, 29 Apr 2011 01:50:25 GMT

Kansai Nerolac Paints Limited (KNPL), a leading paint company in India, posted 73.5 per cent upswing its net profit at 58.86 crore in the fourth quarter ended March 31, 2011, as against Rs. 33.92 crore in the corresponding quarter a year ago.

Godrej signs up Red Digital to manage social media

Fri, 29 Apr 2011 12:49:42 GMT

Social media specialist, Red Digital, on Friday said it was appointed by Godrej to handle their consumer-connect initiative ‘Godrej Power Play’ on social media.

RAK Ceramics join hands with KLUDI

Fri, 29 Apr 2011 12:38:11 GMT

RAK Ceramics, leading the world’s no.1 ceramic manufacturer, launched KLUDI-RAK brand, a new range of designer faucets in India. The joint venture with KLUDI offers different ranges of taps, shower and faucets.

Taj GVK net marginally up at Rs 12.88 cr in Q4

Thu, 28 Apr 2011 07:07:33 GMT

City-based Taj GVK Hotels and Resorts Ltd posted Rs 12.88 crore net profit in the fourth quarter ended March 31, 2011, an increase of 6 per cent from Rs 12.17 crore net the company reported in the corresponding quarter a year ago.

Nagarjuna Fertilizers posts Rs 28.48 cr net in Q4, up 19 pc

Thu, 28 Apr 2011 05:39:21 GMT

City-based Nagarjuna Fertilizers and Chemicals Ltd (NFCL) posted Rs 28.48 crore net profit during the fourth quarter ended March 31, 2011, a 19 per cent jump from Rs 23.04 crore net the company reported in the corresponding quarter a year ago.

Powersoft Global gets Rs. 3-cr order for its RFID solution

Thu, 28 Apr 2011 05:14:41 GMT

Powersoft Global on Thursday announced that it received orders valued at Rs. 3 lakh for its innovative RFID solution for the SME sector.

HCL Info net falls 11 pc at Rs 53.28 cr in Q3

Thu, 28 Apr 2011 05:08:02 GMT

HCL Infosystems Ltd registered 11 per cent decline in net profit during the third quarter ended on March 31, 2011 as the computer-maker said it failed to convert backlog into sales at its system integration (SI) business.

Samsung unveils Nexus S in India, priced at Rs. 29,590.

Thu, 28 Apr 2011 04:16:23 GMT

Samsung Electronics, the leading mobile phone provider in India, on Thursday announced the launch of the much awaited Nexus S smartphone in the Indian market. Developed in partnership with GoogleTM, Nexus S is powered by Gingerbread (AndroidTM 2.3). Nexus S features NFC technology.

ICICI Bank net up 44 pc at Rs 1,452 cr in Q4

Thu, 28 Apr 2011 02:10:36 GMT

ICICI Bank, India's second-largest lender, posted a 44 per cent rise in quarterly profit, slightly below estimates, as stronger credit demand and lower provisions for bad loans was offset by treasury losses.ICICI said net profit in January-March rose to Rs 1,452 crore.

US Ambassador Roemer announces his resignation

Thu, 28 Apr 2011 01:26:45 GMT

US Ambassador to India Timothy J Roemer announced his resignation on Thursday. He is expected to leave India in June. Roemer’s departure is for personal, professional, and family considerations.

Fruits, onion prices drive food inflation to 8.76 pc

Thu, 28 Apr 2011 01:06:42 GMT

Rising prices of fruits, protein-based items and onions pushed food inflation marginally up to 8.76 per cent for the week ended April 16. Food inflation was at 8.74 per cent in the preceding week. Fruits became dearer by 28.43 per cent year-on-year.

Biocon net up 25 pc at Rs 101-cr in Q4

Thu, 28 Apr 2011 12:41:58 GMT

Biocon Ltd on Thursday said its net profit grew by 25 per cent at Rs 101 crore in the fourth quarter ended on March 31, 2011, as strong sales of its biopharmaceutical drugs helped offset muted sales at its German unit. The company posted Rs 80.6 crore net in the corresponding quarter last fiscal.

SatNav’s live traffic smartphone app launched

Wed, 27 Apr 2011 05:11:55 GMT

SatNav Technologies, pioneers of GPS in India since 2005 and market leaders, recently partnered with Waze Inc. of Israel for a product that offers free navigation, live traffic updates all through the day, and social networking features which offer rewards for daily driving.

Mahindra Satyam selects Appnomic as technology partner

Wed, 27 Apr 2011 04:19:27 GMT

Mahindra Satyam said on Wednesday it had selected Appnomic Systems as their technology partner for introducing automation capabilities in its Unified Service Management Platform (USMP). Under the pact, OpsOne, Appnomic's IT process automation solution, will now be embedded in USMP.

John Deere India introduces new 60 HP Smart tractor

Wed, 27 Apr 2011 03:05:51 GMT

John Deere India, a leader in India tractor manufacturing and provider of advanced crop solutions and micro irrigation systems, is introducing a new 60 Hp tractor model 5060E in India.

Annik appoints new Senior VP of Global Business Development

Wed, 27 Apr 2011 03:01:51 GMT

Annik Technology Services Pvt. Ltd, a leading research technology firm based in India, with offices around the world, has announced the hiring of Rudy Nadilo as Sr. Vice President, Global Business Development.

Indusface expands global partner program

Wed, 27 Apr 2011 02:54:55 GMT

Indusface, a leading end-to-end information security organization offering IndusGuard - a zero touch SaaS based website security solution, announced the expansion of its global partner program which provides a major boost to the company's existing partner program.

20 Air India flights cancelled as 800 pilots go on strike

Wed, 27 Apr 2011 02:43:49 GMT

About 800 pilots belonging to the erstwhile Indian Airlines went on a strike early Wednesday demanding pay parity with Air India pilots and better working conditions, leading to cancellation of over 20 flights and disruption of many others.

Patni net up 3.33 pc at Rs 162.28 cr in Q1

Wed, 27 Apr 2011 02:10:48 GMT

Software firm Patni Computer Systems on Wednesday said it posted a growth of 3.33 per cent in consolidated net profit to Rs 162.28 crore for the first quarter ended March 31, 2011.

Polaris enters cloud computing space with investment in IdenTrustTM

Wed, 27 Apr 2011 01:41:06 GMT

Polaris Software Lab Limited on Wednesday announced a strategic investment in IdenTrustTM, a global leader in trusted identity solutions recognized by global financial institutions and one of the premier providers of digital identity authentication services to several key banks.

CSA approval for Alicat's mass flow, pressure devices

Wed, 27 Apr 2011 12:48:11 GMT

Continuing its mission of providing equipment to fit a wider range of customer requirements, Alicat Scientific, Inc. has attained CSA approval for the use of Alicat Mass Flow Meters, Mass Flow Controllers, and Pressure Equipment, in Class 1 Division 2 Hazardous environments.

Ubuntu OS to be released in market on April 28

Wed, 27 Apr 2011 11:52:38 GMT

Canonical today announced the release of Ubuntu a fast-growing open-source operating system on April 28, 2011 for public download. Ubuntu 11.04 is a genuine free alternative to Windows, allowing users to personalise their PC with free and paid apps.

Sathya Sai Baba interred at Sai Kulwant Hall in Prashanti Nilayam

Wed, 27 Apr 2011 11:38:37 GMT

Spiritual guru Sri Sathya Sai Baba was interred with full State honours amid chanting of Vedic hymns and religious rituals at Sai Kulwanth Hall in the Prasanthi Nilayam complex, while many VIPs, including Andhra Pradesh Governor paid homage to the mortal remains of the Baba.

Wipro posts 14 p.c. rise in Q4, 200 p.c. dividend announced

Wed, 27 Apr 2011 10:42:22 GMT

The country's third largest software exporter Wipro on Wednesday reported a growth of 13.77 per cent in net profit for the quarter ended March 31, 2011, to Rs 1,375.4 crore. Last year, the company had posted a net profit of Rs 1,208.9 crore for the fourth quarter.

DGH sends fact-finding mission to KG D-6 wells

Tue, 26 Apr 2011 05:27:29 GMT

Concerned over fall in output at India's biggest gas field, oil regulator DGH has sent a fact finding mission to Reliance Industries-operated KG-D6 fields to ascertain reasons for the decline in production, as Reliance is only producing about 42 mmscmd from 18 wells drilled so far.

88 p.c. companies want to test their software:AppLab Surevy

Tue, 26 Apr 2011 04:40:24 GMT

AppLabs, the world's largest software testing and quality management company, announced the results of a survey it conducted recently among several quality assurance analysts. At least 88 per cent of companies are considering subjecting their automation software applications to test.

Kanimozhi charge-sheeted in 2G scam

Tue, 26 Apr 2011 09:19:18 GMT

What could embarrass the DMK, which is seeking to retain power in Tamil Nadu, Chief Minister M Karunanidhi's daughter Kanimozhi was on Monday chargesheeted in the 2G spectrum scam in a Delhi court by the CBI which charged her with connivance with former Telecom minister A. Raja

Maruti Sizuki does well, posts Rs. 660-cr profit in Q4

Mon, 25 Apr 2011 03:39:16 GMT

The country's largest carmaker Maruti Suzuki India on Monday reported a marginal rise in its net profit for the quarter ended March 31, 2011, at Rs 659.86 crore. The company had posted a net profit of Rs 656.55 crore in the corresponding quarter of 2009-10 fiscal.

RIL asked not to supply gas to non-core users

Mon, 25 Apr 2011 02:29:17 GMT

Admonishing the defiant Reliance Industries , the Oil Ministry has ordered the Mukesh Ambani-run firm to immediately stop natural gas sales to non-core users like Essar Steel to meet the full demand of fertilizer and power plants.

7Seas Entertainment reaches 500 IP-based games landmark

Mon, 25 Apr 2011 02:13:11 GMT

7Seas Entertainment Limited, a Hyderabad-based, independent IP-based game development company, announced on Monday that it achieved the unique distinction of 500 IP-based games in the online gaming segment, which included 200 trade marks and copy rights, across multiple languages and genres.

Wockhardt receives US FDA approval for generic version of Aricept tablets

Mon, 25 Apr 2011 12:12:11 GMT

Pharmaceutical and biotechnology major, Wockhardt, has received tentative approval from the United States Food & Drug Administration (US FDA) for marketing 5mg and 10mg tablets of Donepezil HCl, which is used for treatment of Alzheimer’s disease and dementia.

GVK BIO shares biomarker database with FDA group

Mon, 25 Apr 2011 11:16:58 GMT

GVK Biosciences (GVK BIO) announced that it has extended its Clinical Biomarker Database (GOBIOM) license to Biomarker Qualification Group of the US Food and Drug Administration (USFDA). The database has the latest information on all biomarkers and is useful to USFDA.

Satya Sai Baba attains salvation, doctors pronounce His demise

Sun, 24 Apr 2011 12:39:17 GMT

After 86-year-long miraculous, spiritual and pious journey, replete with occasional controversies, the richest Godman, Satya Sai Baba, succumbed to his prolonged illness at Sri Satya Sai Institute of Higher Medical Sciences, at Puttaparthi in Anantapur district of Andhra Pradesh, on Sunday.

Gold, silver set new record on firm global cues

Sat, 23 Apr 2011 06:36:00 GMT

Continuing their record setting spree for the seventh straight day, silver surged by Rs 2,000 to Rs 72,000 per kg, while gold jumped by Rs 230 to Rs 22,320 per 10 grams on speculative trade driven by an overseas rally. Trading sentiment in the domestic market was bullish.

HMRI wins NASSCOM award

Sat, 23 Apr 2011 03:56:16 GMT

HMRI, a not-for-profit organisation, supported by Piramal Group, has won the NASSCOM and KPMG “Healthcare IT Awards 2011” under the “Best Technology Solution for Healthcare Inclusion” category for its telemedicine solution.

Indian data center services market to grow at 23 pc

Sat, 23 Apr 2011 01:58:10 GMT

The India Data Center Services market is expected to grow at a combined annual growth rate (CAGR) of 23 per cent over the three years to 2012 to touch Rs. 11,800 crore, according to findings of a CyberMedia Research (CMR) study titled ‘India Data Center Services Market Review 2011’.

India’s forex reserves dip by $286 million

Sat, 23 Apr 2011 01:47:26 GMT

India’s foreign exchange reserves dipped $286 million on account of revaluation of non-dollar assets in reserves during the week ended April 15. The government has breached ways and advances limit for the second consecutive week. Total reserves are now at $307.9 billion.

Axis Bank net up 33.5 pc in Q4, proposes 140 pc dividend

Fri, 22 Apr 2011 05:59:12 GMT

Private sector bank Axis Bank clocked 33.5 per cent jump in net profit at Rs 1,020.11 crore for the fourth quarter ended March 31, 2011.The bank had a net profit of Rs 764.8 crore in the same quarter in the previous fiscal, the bank said in a statement.The bank proposed a dividend of 140 per cent.

Tsunami effect: Toyota Kirloskar to cut output on supply issues

Fri, 22 Apr 2011 05:50:41 GMT

Toyota Kirloskar Motor, a joint venture between Toyota Motor Corp and India's Kirloskar group, said it would suspend production at its facilities on all Mondays and Fridays between April 25 and June 4 due to supply difficulties after Japan's March 11 earthquake and tsunami.

Silver reaches Rs 70,000 per kg; Gold hits net high

Fri, 22 Apr 2011 05:38:37 GMT

Gold on Friday rose by Rs 30 to a record of Rs 22,090 per ten grams, while silver surged by Rs 1400 to an all-time high of Rs 70,000 per kg on sustained buying by stockists amid a rally overseas. Gold in international markets advanced to the peak of $1,511.47 an ounce.

Vim liquid sets new Guinness World Record

Fri, 22 Apr 2011 05:17:22 GMT

Vim liquid has set a new Guinness World Record for ‘World’s Longest Line of Washed Plates’ in Tamilnadu.

Jaguar XJ named 2011 International Car of The Year

Fri, 22 Apr 2011 12:58:11 GMT

The International Car of The Year (ICOTY) jury, made up of 12 nationally-renowned automotive journalists, has named the all-new 2011 Jaguar XJ as the 2011 International Luxury Car of the Year for its unique design and stellar performance.

Keerthi Estates launches Richmond Villas in Hyderabad

Fri, 22 Apr 2011 12:50:02 GMT

Keerthi Estates Pvt. Ltd, South India’s one of the leading real estate players with two decades of legacy in architectural excellence, launched their premium luxury residential complex-Richmond Villas in Hyderabad Thursday.

Tata Docomo introduces family plans for post-pay customers

Fri, 22 Apr 2011 12:33:06 GMT

Tata Docomo introduced a new plan MyFamily under its ‘Keep It Simple’ campaign on Thursday. Post the successful launch of its new campaign ‘Keep It Simple’ and the innovative Roam Free Plans, Tata Docomo has launched exclusive ‘MyFamily Plans’ pooling offer for its postpay customers.

Reliance Digital TV launches iKids

Fri, 22 Apr 2011 12:18:09 GMT

: Reliance Digital TV (RDTV), the leading Direct – to - Home (DTH) service provider in the country, launched an exclusive educational interactive service – iKids especially for its young audience.

Virtusa offers critical tool to assess ICD-10 transition costs

Thu, 21 Apr 2011 08:00:02 GMT

Virtusa Corporation announced that it designed a customized migration assessment tool to help healthcare organizations determine the potential financial impact of transitioning from ICD-9 to ICD-10.

Sujana group partners Columbia Law School for clean energy project

Thu, 21 Apr 2011 05:15:05 GMT

City-based Sujana Group has partnered with Columbia Law School for India Clean-Energy project. Funded by a $485,000 grant from the Sujana Group, this U.S-India project will help to facilitate US investment in the clean-energy sector.

TCS posts Rs 2,623 cr net in Q4, up 31 pc

Thu, 21 Apr 2011 03:02:44 GMT

India’s largest software exporter Tata Consultancy Services (TCS) on Thursday reported a 31-per cent jump in its net profit at Rs 2,623 crore for the fourth quarter ended March 31, 2011. The software major attributed the jump in net profit to rising demand for outsourcing services.

Novell releases Identity Manager 4 Standard Edition

Thu, 21 Apr 2011 01:57:37 GMT

Novell announced on Wednesday the general availability of Novell Identity Manager 4 Standard Edition to help customers secure the enterprise while controlling costs and meeting regulatory demands.

Tata Motors plans small car Nano plant overseas

Thu, 21 Apr 2011 01:46:04 GMT

Tata Motors is "at a very high stage" in finalising a production site for its small car Nano at an overseas location, which could be either in Latin America, South East Asia or Africa. A senior Tata group official said the automaker was exploring various options at different places.

Prices of fruits, onion drive food inflation to 8.74 pc

Thu, 21 Apr 2011 01:29:03 GMT

Reversing a three-week declining trend, food inflation shot up to 8.74 per cent for the week ended April 9 from 8.28 per cent in the previous week on account of expensive fruits, protein-based items and onions.Fruits became dearer by 25.25 per cent while Onions became expensive by 8.28 pc.

Equitymaster.com completes 15 years

Thu, 21 Apr 2011 01:19:53 GMT

Equitymaster.com , India's first finance website, completed 15 years of existence on Thursday. Launched on April 22 , 1996, Equitymaster was established with a simple objective- to empower the investor by giving him honest, unbiased investment opinions.

Tata Innovista Awards 2011 announced

Thu, 21 Apr 2011 01:13:39 GMT

Tata Group Innovation Forum (TGIF) and Tata Quality Management Services (TQMS), a division of Tata Sons announced the Tata Innovista Awards 2011- an annual event organized to recognize the some of the outstanding innovations done by employees of Tata companies across the globe.

Pustak.co.in introduces international magazine subscriptions

Thu, 21 Apr 2011 01:08:01 GMT

Pustak.co.in has now introduced international magazine subscriptions, with over 45,000 international magazines to choose from.

Haier launches new range of air conditioners this summer

Thu, 21 Apr 2011 01:03:14 GMT

Haier, a leading home appliances & consumer electronics brand worldwide, launched its new range of air conditioners in India.

Satyam scam: SC cancels bails of PwC partner Gopalakrishnan

Thu, 21 Apr 2011 12:50:47 GMT

The Supreme Court cancelled the bails granted to Price Waterhouse partner Subramani Gopalakrishnan and Satyam's internal auditor V S Prabhakar Gupta, directing them to surrender by April 30.The apex court said it was cancelling the bail after looking into allegations in the CBI chargesheet.

2G Scam: Court rejects bail plea of 5 corp executives

Wed, 20 Apr 2011 04:51:15 GMT

A Delhi court on Wednesday rejected the bail plea of five corporate honchos including promoter of Etisalat DB, Sanjay Chandra , in connection with the 2G spectrum case.The five executives, who were named in the Central Bureau of Investigation (CBI) chargesheet, were not arrested during the probe.

Barack Obama downplays India's cheap healthcare

Wed, 20 Apr 2011 04:25:52 GMT

US President Barack Obama has begun a sales pitch to rein in mounting deficits without cutting down on essentials like infrastructure and Medicare so that one does not have to travel to India to get cheap health care.Obama said his plan would ask the wealthy to pay more.

Silver futures hit yet another high of Rs 68,180/kg

Wed, 20 Apr 2011 03:49:16 GMT

Surpassing all records, silver futures climbed 0.70 per cent to trade at a record high of Rs 68,180 per kg on Wednesday as speculators engaged in building up huge positions, after the metal climbed to a 31-year high in global market.

HCL net profit up 33 pc at Rs 468.2 cr in Q3

Wed, 20 Apr 2011 03:37:10 GMT

IT major HCL Technologies on Wednesday posted 33 per cent increase in net profit at Rs 468.2 crore for the quarter ended March 31, 2011. The company had posted a net profit of Rs 350.3 crore during the Q3 ended March 31, 2010. Revenues were 31.5 per cent up at Rs 4,138.2 crore.

HeadHonchos.com appoints Arms Crestra as creative agency

Wed, 20 Apr 2011 03:16:46 GMT

HeadHonchos.com, India’s premier job search portal, focused exclusively on senior management professionals, has appointed Arms Crestra, a brand communications consultancy, as its creative agency.

JantaKhoj, Babajob tie up for domestic help, driver background checks

Wed, 20 Apr 2011 03:04:46 GMT

JantaKhoj InfoServices Pvt Ltd, a leading background verifications company, on Wednesday announced their partnership with Babajob Services Private Limited for domestic help and driver background verifications.

Infotech net down 28 pc at Rs 36.98 cr in Q4

Wed, 20 Apr 2011 01:25:15 GMT

City-based Infotech Enterprises, a leading global engineering services company, posted 28 per cent decline in its net profit at Rs 36.98 crore for the fourth quarter ended March 31, 2011, as against Rs 51.34 crore net it reported in the corresponding quarter a year ago.

Volkswagen Group sells record 28,072 cars in Jan-March

Tue, 19 Apr 2011 05:03:08 GMT

Volkswagen Group India achieved impressive sales growth of 256.7 per cent by delivering 28,072 cars from January to March 2011, as compared to 7,871 cars during the same time period last year. All three brands - Audi, Skoda and Volkswagen - performed extremely well, with Volkswagen leading the way.

VA Tech Wabag wins GWI Global Water Award

Tue, 19 Apr 2011 04:56:59 GMT

VA Tech Wabag Limited, a leading global player in water and wastewater management, has received the prestigious GWI Global Water Award, recognizing the significant contribution made by the company in the international water arena.

TCI Developers gets listed on NSE, BSE

Tue, 19 Apr 2011 04:51:35 GMT

TCI Developers Ltd (TDL), the newly created real estate entity of logistics major TCI Group, was listed on the country’s premier exchanges NSE and BSE.

MIAL begins intl flight operations from GA Terminal

Tue, 19 Apr 2011 03:34:21 GMT

As a part of its continuous efforts to provide world-class airport infrastructure and services to private and non-scheduled flight operators (NSOPs), Mumbai International Airport Pvt Ltd (MIAL) has commenced operations of international flights at the General Aviation (GA) Terminal at CSIA.

‘Cyber criminals extend to mobile platforms, social networks’

Tue, 19 Apr 2011 03:27:21 GMT

Symantec Corp on Tuesday announced the findings of its Internet Security Threat Report, Volume 16, which shows a massive threat volume of more than 286 million new threats last year, accompanied by several new megatrends in the threat landscape.

Mahindra Satyam joins GENIVI Alliance for in-vehicle infotainment

Tue, 19 Apr 2011 01:46:51 GMT

Mahindra Satyam, the new brand name for city-based Satyam Computer Services Ltd, said on Tuesday that it had joined the GENIVI Alliance, an automotive and consumer electronics industry association, which drives the development and adoption of an open in-vehicle infotainment reference platform.

SAP begins ‘RUN BETTER Solutions Road Show’ for SMEs

Tue, 19 Apr 2011 01:12:53 GMT

SAP India, a subsidiary of SAP AG, has embarked on its ‘RUN BETTER Solutions Road Show’ to enable Small & Medium Enterprises (SMEs) to gain more insights into the power of SAP solutions and services to achieve business excellence.

Aditya Birla Group acquires Swedish pulp maker for $340 mn

Tue, 19 Apr 2011 12:23:31 GMT

Aditya Birla Group on Tuesday announced the acquisition of Domsjö Fabriker, a leading Swedish speciality pulp and bio-refinery company, through its global companies Thai Rayon Public Company Limited (Thailand) and Indo Bharat Rayon (Indonesia), for a sum of $340 million from a Swedish consortium.

Tata Power to raise funds through hybrid capital offering

Mon, 18 Apr 2011 06:51:16 GMT

Tata Power, India’s largest integrated private power player, has appointed Deutsche Bank, Goldman Sachs and UBS as joint bookrunners for a 60 year non-callable for 5 years Reg S hybrid capital offering of US$ 300 million to US$400 million with final size to be determined by market demand.

HDFC Bank net up 33 pc at Rs 1,114.7 cr in Q4

Mon, 18 Apr 2011 05:36:11 GMT

HDFC Bank on Monday announced that it posted 33.24 per cent rise in its net profit at Rs. 1,114.71 crore in the quarter ended March 2011, as against Rs. 836.62 crore during the previous quarter ended March 2010. Total operating income rose 34.92 per cent to Rs. 5,468.55 crore during the Q4.

Tata Motors plans standalone outlets for Nano

Mon, 18 Apr 2011 04:42:57 GMT

Tata Motors plans to open exclusive showrooms for its Nano in smaller towns, taking a leaf out of its runaway success mini truck Ace , which is also sold through 600 standalone stores along with normal dealerships across country. Nano sales increased from 5,784 units in Dec to 8,707 cars in March.

MTS unveils its green data centre built by IBM in Noida

Mon, 18 Apr 2011 04:37:12 GMT

MTS, the mobile telephony services brand of Sistema Shyam TeleServices Ltd (SSTL) on Monday announced the launch of an eco-friendly Data Center in Noida, National Capital Region (NCR). The Green Data Centre has been built by IBM and complies with the Tier 3 standards.

Nimsoft launches Nimsoft Unified Manager

Mon, 18 Apr 2011 02:44:18 GMT

Nimsoft on Monday announced Nimsoft Unified Manager, a multi-tenant IT Management As-A-Service solution that combines industry-leading infrastructure monitoring and ready- to-use ITIL-based service management capabilities in a single solution.

American Megatrends India achieves ISMS certification

Mon, 18 Apr 2011 01:38:24 GMT

American Megatrends India Pvt Ltd (AMI India), a high-end technology player focused on embedded, storage and telematics solutions, on Monday announced that its Information Security Management System (ISMS) was assessed and certified as per ISO 27001:2005 standards.

Aurobindo gets USFDA nod for Venlafaxine capsule

Mon, 18 Apr 2011 01:05:45 GMT

City-based Aurobindo Pharma Ltd received final approval for venlafaxine hydrochloride extended-release capsules 37.5mg, 75mg and 150mg from the US Food and Drug Administration (USFDA). Venlafaxine are indicated for the treatment of major depressive disorder (MDD).

IRB bags Rs 3,600-cr NHAI Highway project

Mon, 18 Apr 2011 12:58:17 GMT

IRB Infrastructure Developers Limited, one of the largest toll road operating companies in India, has emerged as the preferred bidder for the six laning of Ahmedabad-Vadodra section from km 6.400 to km 108.700 of NH-8.

India, China fast emerging as new tech powerhouses: WEF

Sat, 16 Apr 2011 06:40:46 GMT

India and China coming up fast as new tech powerhouses will drive much of the growth in information technology over the next ten years. though a big gap still exists between these emerging markets and developed nations, that gap is bound to narrow over the next decade.

Gold, silver scale new peaks on global cues

Sat, 16 Apr 2011 05:29:42 GMT

Gold and silver set new record highs at the bullion markets in Mumbai on Saturday on aggressive buying by investors and speculators, triggered by zooming global markets. The white metal marched ahead vigorously on bullish demand, touching another milestone of Rs 64,845 a kg.

Passion for quality made Pragati successful: Narendra

Sat, 16 Apr 2011 03:42:14 GMT

Pragati Offset, which was set up by Paruchuri Hanumantha Rao in 1962, is one among the few companies which propelled Hyderabad onto the global business map. It made quality and excellence as its heart and soul, receiving numerous awards in the process.

Accel Frontline posts 99 pc revenue growth in Q4

Sat, 16 Apr 2011 01:14:23 GMT

Accel Frontline Limited, a leading IT services company, posted consolidated net profit for Q4 stood at Rs 6.11 crore, more than three times from the net profit it posted in the same period a year ago. The corresponding figures were Rs 1.33 crore for Q4FY10

HSBC Mutual Fund launches HSBC Brazil Fund

Fri, 15 Apr 2011 07:38:39 GMT

HSBC Mutual Fund on Friday launched the HSBC Brazil Fund (HBF), an open-ended Fund-of-Funds Scheme that seeks to provide long-term capital growth by investing in Brazil - an emerging market economy through HGIF Brazil Equity Fund.

Aston Martin launches cars in India, priced Rs 1.35 to Rs 20 cr

Fri, 15 Apr 2011 07:24:02 GMT

British sports car brand Aston Martin vroomed into India with an offering of as many as 10 models from its luxury cars. To begin with these completely built units will be available in Mumbai for a price range of Rs 1.35 to Rs 20 cr. It will offer whole range of cars except the Cygnet.

Tata Motors global sales stand at 110,785 units in March

Fri, 15 Apr 2011 04:40:54 GMT

Homegrown automaker Tata Motors global sales, including Jaguar Land Rover, were 110,785 units in March 2011, a growth of 1 per cent over March 2010. Cumulative sales for the fiscal (April 2010 – March 2011) are 1,081,245 units, higher by 24 per cent compared to previous fiscal.

Taj Enlighten Film Society launches world cinema card

Fri, 15 Apr 2011 03:40:33 GMT

Taj Enlighten Film Society, a partnership between Brooke Bond Taj Mahal, India’s premium tea blend and Enlighten Film Society recently launched the World Cinema Card to offer film aficionados a cinema viewing experience that is truly larger than life.

Espnstar.com breaks India online streaming record, again

Fri, 15 Apr 2011 02:53:46 GMT

The live streaming of the March 30th India- Pakistan match on espnstar.com shattered India's previous online streaming record for events delivered by Akamai Technologies. The live streaming of the match on www.espnstar.com/cwclive exceeded 70 Gbps of video steaming data at its peak in India

KOBELCO opens its manufacturing plant in India at Sri City

Fri, 15 Apr 2011 02:42:10 GMT

Kobelco Construction Machinery Co., Ltd., a group company of Kobe Steel, Ltd., inaugurated its first manufacturing plant in India to manufacture Hydraulic Excavators, enabling Kobelco to make a full-scale entry into India's rapidly growing construction equipment market.

Vegetable prices drive inflation to 8.98 pc in March

Fri, 15 Apr 2011 01:50:17 GMT

High prices of vegetables and manufactured items drove the headline inflation in March to 8.98 per cent, way above the RBI's expectation of 8 per cent. The overall inflation measured on the basis of Wholesale Price Index (WPI) was 8.31 per cent in February.

Infosys profit at Rs 1,818 cr, up 14 pc in Q4

Fri, 15 Apr 2011 01:29:48 GMT

IT bellwether Infosys on Friday reported nearly 14 per cent increase in consolidated net profit at Rs 1,818 crore for the fourth quarter ended March 31, 2011. The country's second largest software major had a net profit of Rs 1,600 crore in the March quarter of the previous fiscal (2009-10)

BRICS seeks revamp in global monetary system

Thu, 14 Apr 2011 07:31:47 GMT

Brazil, Russia, India , China and South Africa - the BRICS group of fastest growing economies - Thursday called for a revamp in the global monetary system and signed a pact to use their own currencies instead of US dollar in issuing credit or grants to each other.

GMR to begin coal mining operations in Indonesia soon

Thu, 14 Apr 2011 06:46:48 GMT

GMR Energy would start mining activity at its coal mine in Indonesia from next month. In 2009, GMR Energy acquired 100 per cent ownership of PT Barasentosa Lestari (PTBSL), a coal mining company in Indonesia, for about $100 mn.GMR bought the coal mine to secure fuel supplies for its power plants.

Ford India increases small car Figo's price by 1 pc

Thu, 14 Apr 2011 04:31:00 GMT

Carmaker Ford on Thursday said it hiked price of its small car Figo by 1 per cent from the current month. The carmaker went for upward revision of the small car’s price to offset the impact of increasing raw material costs.After the hike, Figo is priced between Rs 3.59 lakh and Rs 5.48 lakh.

Tally named CRN Channel champion

Thu, 14 Apr 2011 04:18:14 GMT

Tally Solutions Pvt. Ltd., a leading business management software product company in India, emerged as overall winner in the CRN Annual Channel Champions Survey.

Indiamart.com to champion MSMEs' interest at Subcon 2011

Thu, 14 Apr 2011 04:14:02 GMT

IndiaMART.com, India's largest online B2B marketplace, has decided to participate in the upcoming and most talked about international trade event for subcontract manufacturing services 'Subcon 2011'.

Fortis Healthcare to buy 86 pc in Super Religare Labs

Thu, 14 Apr 2011 03:02:27 GMT

Healthcare major Fortis Healthcare said on Thursday it would buy an 86-percent stake in diagnostic services firm Super Religare Laboratories Ltd (SRL) to expand its business verticals.

Air transport industry improves baggage handling in 2010

Thu, 14 Apr 2011 02:33:26 GMT

Despite an unprecedented 300,000 flight cancellations and a new record of 2.44 billion people travelling by plane last year, the air transport industry has maintained the overall downward trend in baggage mishandling.

Dr. Reddy's Labs launches OTC Fexofenadine HCl tablets

Thu, 14 Apr 2011 10:31:32 GMT

Dr. Reddy’s Laboratories announced on Thursday that it had launched its over-the-counter (OTC) Fexofenadine HCl tablets on April 13, 2011.The Food & Drug Administration (FDA) of the USA approved Dr. Reddy’s Abbreviated New Drug Application (ANDA) for Fexofenadine HCl tablets on April 12, 2011.

Shanta Sriram Construction launches 3 residential projects

Wed, 13 Apr 2011 07:09:06 GMT

Shanta Sriram Construction Pvt. Limited, a city-based real estate firm dealing with the construction of residential and commercial complexes, launched its three state of the art residential projects in Hyderabad on Wednesday. Shanta Sriram has also set out a detailed expansion road map.

Nokia 3G Bus campaign comes to Hyderabad

Wed, 13 Apr 2011 06:36:02 GMT

Bringing a unique and exciting concept of 3G to the tech-savvy residents of the city, the ‘Nokia 3G Bus’ visited the city this week. The ‘Nokia 3G Bus’ is a unique national consumer campaign which allows the public to see, touch and feel the power of 3G.

Mahindra Satyam bags ERP contract from Qatar University

Wed, 13 Apr 2011 05:36:02 GMT

City-based Mahindra Satyam, the rebranded entity of scam-hit Satyam Computer Services Limited, on Wednesday said it bagged a large Enterprise Resource Planning (ERP) contract from Qatar University, the largest academic institution in Qatar.

Samsung aims No.1 position in Southwest Asia

Wed, 13 Apr 2011 04:55:52 GMT

Celebrating its growing success in Southwest Asia, Samsung Electronics on Wednesday outlined its regional strategy and 2011 product portfolio at the inaugural Southwest Asia Regional Forum at New Delhi.

Novell offers longest enterprise Linux support program

Wed, 13 Apr 2011 04:44:19 GMT

Novell on Wednesday announced the expansion of its long term service pack support (LTSS) program for SUSE Linux Enterprise Server, lengthening customers’ access to the company’s industry-leading Linux support for each service pack release.

SAP software, now in Hindi

Wed, 13 Apr 2011 04:34:05 GMT

Continuing its investments on localization for the Indian market, SAP plans to develop the Hindi version of its Human Capital Management (HCM), Employee Self-Service (ESS), ERP Financials and Logistics solutions.

SingTel increases stake in Bharti airtel to 32.25 pc

Wed, 13 Apr 2011 03:34:59 GMT

Singapore-based SingTel has increased its stake in one of India's largest telecom companies Bharti airtel to 32.25 per cent, with the purchase of shares worth about Rs 93 crore.The freshly acquired shares account for about 0.1 percentage point stake in Bharti Airtel.

CommScope appoints new head of wireless sales for India

Wed, 13 Apr 2011 02:49:35 GMT

CommScope, a global leader in infrastructure solutions for communication networks, has appointed Pankaj Gandhi as director of Wireless Sales for India, effective immediately.

How To Tackle Financial Stress

Wed, 13 Apr 2011 01:29:26 GMT

Financial stress can adversely affect a persons’ psychological state. This negative psychological state has a tendency to percolate down to the affected person’s workplace and – in fact – into all social interactions.

Milking spectrum may kill the telecom cow

Wed, 13 Apr 2011 01:21:53 GMT

Indian Telecom Minister Kapil Sibal gave himself 100 days on January 1 this year to come up with a new Telecom Policy. The deadline having been reached recently, he duly assembled the media.

Steria achieves CarbonNeutral flight and fleet certifications

Wed, 13 Apr 2011 01:16:48 GMT

Steria, a leading European IT-enabled business services provider, on Wednesday announced that it achieved CarbonNeutral certification through the measurement, reduction and offsetting of carbon dioxide (CO2e) emissions generated by its flights and company.

UPS appoints four senior executives in Asia

Tue, 12 Apr 2011 06:48:07 GMT

UPS, the global transportation and logistics leader, has announced the appointment of four senior executives in Asia.

Mojostreet secures $ 350,000 funding for its mobile game

Tue, 12 Apr 2011 06:18:49 GMT

Stealth startup Mojostreet on Tuesday said that it secured $ 350,000 funding for its location based mobile game. The funding was led by Srini Koppolu, former MD of Microsoft India R&D and J A Chowdary, former MD of Nvidia(India).

Lemon Tree Hotel opens in Hyderabad

Tue, 12 Apr 2011 06:06:35 GMT

Lemon Tree Hotels, which has grown into an independent national chain of upscale business and leisure hotels, opened a 267-room hotel in the heart of HITEC City in Hyderabad on Tuesday.The hotel chain will add 6 new hotels in the next two years, taking the number of hotels to 20 in India.

QlikTech unveils enhancements to Qonnect program

Tue, 12 Apr 2011 03:55:51 GMT

QlikTech, a leader in business discovery – user-driven business intelligence, on Tuesday announced new enhancements to its solution provider program, Qonnect, aimed at increasing the benefits of partnering with and utilizing the impactful, user-focused simplicity QlikView technology.

Rohit Kapoor joins CA Technologies Board

Tue, 12 Apr 2011 03:44:30 GMT

CA Technologies on Tuesday announced that Rohit Kapoor, 46, CEO of ExlService Holdings Inc was elected to its Board of Directors effective immediately. The Board expects to name Kapoor to the Board’s Audit Committee.

Cognizant, Eagle, Pistoia to develop cloud-based platform

Tue, 12 Apr 2011 03:39:36 GMT

Cognizant and Eagle Genomics Ltd on Tuesday announced they were working with the Pistoia Alliance Inc, a nonprofit, precompetitive alliance of life science companies and vendors, as one of the groups engaged to develop a conceptual cloud-based platform

SEW Infra completes 4-lane highway project in Madhya Pradesh

Tue, 12 Apr 2011 02:25:10 GMT

SEW Infrastructure Ltd, a city-based infrastructure company, has successfully completed a project awarded by National Highways Authority of India to build a new four lane highway from Khalghat to Madhya Pradesh/Maharashtra Border - NH-3.

Central government plans to issue biometric PAN cards

Tue, 12 Apr 2011 01:34:52 GMT

The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones.The decision comes in the wake of a CAG report that asked the Income Tax department to ensure that a single taxpayer is not issued multiple cards.

GMR divests 50 pc stake in InterGen to China firm

Tue, 12 Apr 2011 12:24:49 GMT

nfrastructure major GMR Infrastructure Ltd on Tuesday said it completed divestment of 50 per cent stake in global power generation company InterGen to ChinaHuaneng Group (CHG). InterGen to ChinaHuaneng Group (CHG) for total consideration of $1.232 billion.

Tata Steel Vice Chairman B Muthuraman elected as new CII president

Mon, 11 Apr 2011 08:13:18 GMT

B Muthuraman, Vice Chairman, Tata Steel Limited & Chairman, Tata International Ltd has been elected as the President of CII for the year 2011-12. He succeeds Mr Hari Bhartia as the new President.

Virtusa recognized as one of Britain’s top employers for 2011

Mon, 11 Apr 2011 08:06:44 GMT

Virtusa Corporation, a global IT services company that offers a broad spectrum of business consulting and outsourcing services, has been certified by the Corporate Research Foundation (CRF) Institute as one of Britain’s Top Employers for 2011.

Tata DOCOMO offers free incoming roaming

Mon, 11 Apr 2011 08:00:52 GMT

Post the successful launch of the new campaign ‘Keep It Simple’; Tata DOCOMO has launched an exclusive ‘Roam Free’ offer for its postpay customers. Under the offer, customers can enjoy incoming roaming absolutely free anywhere across the country on Tata DOCOMO network.

DoT issues 8 termination notices to telecom companies

Mon, 11 Apr 2011 05:43:27 GMT

The Central Government on Monday said it has issued eight termination notices to various telecom operators for delays in rolling out the services. The operators have been given 60 days to respond as to why their licences should not be terminated for their failure to roll out networks.

Now, Patanjali Ayurved beverages come in Tetra Pak packages

Mon, 11 Apr 2011 05:38:09 GMT

Patanjali Ayurved Limited, an organisation founded by Swami Ramdevji, on Monday announced the launch of its new range of ready to drink health beverages.

APGENCO plans to add 3,750 MW new power in 12th plan

Mon, 11 Apr 2011 05:00:14 GMT

Andhra Pradesh Power Generation Corporation Limited (APGENCO), a state government entity involved in power generation, is planning to add new power generating capacity of 3750 MW during the 12th plan, the company’s Managing Director K Vijayanand said on Monday.

Maruti to hire 2,300 people in two years for its new plants

Mon, 11 Apr 2011 04:28:47 GMT

The country's largest carmaker Maruti Suzuki India on Monday said it will hire at least 2,300 people, mainly for its upcoming two new plants in Manesar, within next two years. With induction of these people, the company's workforce will expand by about 27 per cent to nearly 11,000 employees.

Bharti Airtel to bring Apple’s iPhone 4 to India

Mon, 11 Apr 2011 03:22:53 GMT

Bharti Airtel will launch iPhone 4 in India in the coming months. iPhone 4 is the most innovative phone in the world, featuring Apple's stunning Retina display, the highest resolution display ever built into a phone and FaceTime, which makes video calling a reality.

BMW India launches new dealership facility in Surat

Mon, 11 Apr 2011 03:14:11 GMT

BMW India announced the launch of Parsoli Motors, its new dealership facility in Surat.

Femina, first woman's healthcare hospital, opened

Sun, 10 Apr 2011 03:42:49 GMT

Proton Positive Health Care India Pvt. Ltd., announced the launch of Femina Women's Hospital, here, on Sunday.The hospital offers worldclass care in an upscale environment and is located on Road No. 12, Banjara Hills. The highlight of Femina is the availability of specialists round the clock.

Piped cooking gas in all cities and towns in State soon: CM

Sun, 10 Apr 2011 03:30:51 GMT

Piped Cooking Gas will reach every kitchen in the houses in Andhra Pradesh, both in the urban and rural areas, positively by next year end. Chief Minister N Kiran Kumar Reddy reviewed recently the activities of the newly constituted Andhra Pradesh Gas Distribution Corporation Limited (APGDCL).

ED slaps Rs 4,300-cr FEMA violations against telecos

Sat, 09 Apr 2011 07:30:24 GMT

The Enforcement Directorate on Saturday slapped various charges of FEMA violations to the tune of over Rs 4,300 crore against top telecom firms allegedly involved in the 2G spectrum scam, including Swan, Loop and S-Tel.The ED charged Swan Telecom with committing Rs 3,608 crore FEMA violations.

Silver touches record Rs 61,400 a kg; gold hits new high

Sat, 09 Apr 2011 06:17:59 GMT

Gold and silver zoomed to new all-time highs in the national capital on Saturday on hectic buying by stockists, triggered by a strong rally in overseas markets. While silver continued its record-breaking spree by touching Rs 61,400 per kg, gold rallied by Rs 225 to Rs 21,545 per 10 grams.

Tata Motors looks to ramp up Nano production capacity

Sat, 09 Apr 2011 04:07:38 GMT

Homegrown automaker Tata Motors on Saturday it would look for fresh capacity for its small car Nano as it expects the Sanand plant in Gujarat to run at full capacity "within a few months".Currently the company is producing about 12,000 units a month in a double shift at the plant.

Ad:tech, world's no.1 digital marketing event, comes to India

Sat, 09 Apr 2011 02:47:21 GMT

Ad:tech, the world's no.1 technology and advertising event, is set to make a debut in India, with New Delhi being the first city to host this event on April 27, 28, 2011.

ARSS Infrastructure bags two orders worth Rs 167.65 cr

Sat, 09 Apr 2011 01:46:48 GMT

Bhubaneswar-based ARSS Infrastructure Projects Limited, with a focus on construction of railway infrastructure, roads, highways & bridges has bagged two new work orders worth Rs 167.65 cr.

Lackluster response for H-1B visas; 5,900 applications received in first week

Sat, 09 Apr 2011 01:34:29 GMT

The H-1B visa, the most sought after by Indian IT professionals, has opened to a lackluster response, with less than 6,000 applications received after it opened on April 1.As mandated by the US Congress, the USCIS will accept petitions for 65,000 H-1B visas.

Tata Steel crude steel production up 4.4 pc in FY11

Fri, 08 Apr 2011 07:17:19 GMT

Tata Steel Ltd on Friday reported a 4.4 per cent growth in FY11 crude steel proudction to 6.85 million tonnes (MT), exceeding installed capacity at its Jamshedpur facility.

Hyderabad continues to be home for hot property

Fri, 08 Apr 2011 07:13:12 GMT

The good infrastructure and availability of skilled man power supported with cost effective availability of real estate revived the office market sentiments in the post recession period in Hyderabad. MNCs such as United Health Group, JP Morgan Chase and Face book forayed into the city.

SpiceJet inks deal to use Hyderabad airport as its hub

Fri, 08 Apr 2011 06:41:16 GMT

In a move that will not only boost revenues of the city-based Rajiv Gandhi International Airport (RGIA), but also its image in the Indian aviation sector, GHIAL, which owns and operates the airport, signed a deal with SpiceJet on Thursday, allowing the latter to use Hyderabad airport as its hub.

Google launches a new marketing campaign for display advertising in India

Fri, 08 Apr 2011 05:45:20 GMT

Google India announced the launch of an advertising campaign to raise awareness among Indian agencies and marketers about its display advertising platform. The campaign titled “WATCH THIS SPACE” will include online, print, direct mail, and outdoor ads.

Government backtracks on I-T to Satyam

Fri, 08 Apr 2011 05:37:50 GMT

The Government has informed the Supreme Court that it will set aside its order directing scam-hit information technology (IT) firm Satyam Computer to pay Rs 617 crore as income tax and will give a fresh hearing to the firm's plea challenging the tax demand.

Sify Chairman Raju Vegesna bids the ICC World Cup Finals match ball

Fri, 08 Apr 2011 04:49:11 GMT

Mr. Raju Vegesna, Chairman and Managing Director, Sify Technologies Limited, has won the ICC auctioned Official Match Ball from the India vs. Srilanka final of the ICC Cricket World Cup 2011. Bidding in his personal capacity, he emerged victorious at $145,100.

Pratip Chaudhuri takes over as SBI Chairman

Fri, 08 Apr 2011 04:35:56 GMT

Pratip Chaudhuri assumed charge as Chairman of State Bank of India (SBI) on April 7, 2011. Born on September 12, 1953, Mr. Chaudhuri joined State Bank of India as a Probationary Officer in the year 1974. He succeeds Mr. O.P.Bhat.

Indian consumers expected to buy 12 million smartphones in 2011

Fri, 08 Apr 2011 04:27:25 GMT

With the India mobile handsets market expected to grow 25 per cent by volume in 2011 to 210 million units over 2010 sales of 167 million, the market research firm CyberMedia Research expects the smartphone market to carve out an even more dramatic growth among Indian users.

Telehealth, an untapped area of growth: Cisco survey

Fri, 08 Apr 2011 04:20:53 GMT

Today at the World Health Congress, Cisco (NASDAQ: CSCO) unveiled findings from a global health leader survey on national health sector innovation.

Star TV deploys Prime Focus’s CLEAR tech to manage its workflows

Thu, 07 Apr 2011 06:44:21 GMT

Star TV, the leading media and entertainment company, has commissioned global digital content services group Prime Focus Technologies (PFT), a part of the Prime Focus Group, to deploy the world’s first integrated, multi-platform content operations infrastructure specifically for broadcasters.

Infotech, Hamilton Sundstrand open new center of excellence

Thu, 07 Apr 2011 04:49:46 GMT

Hamilton Sundstrand Corporation and Infotech Enterprises Ltd officials have inaugurated a new engineering center for aircraft systems software and electronics analysis, design and development in Bengaluru.

BMW India delivers 1,027 cars in March

Thu, 07 Apr 2011 04:26:52 GMT

In March 2011, BMW India delivered 1027 cars to customers and further consolidated its leadership position in the luxury car segment in India.

Regulation manages risk properly, finds KPMG survey

Thu, 07 Apr 2011 04:26:39 GMT

In India, the draft Companies Bill proposes to mandate Board’s review and affirmation of their company’s risk management policies and practices. But regulation in some ways is part of the problem itself.

IRDA doles out business opportunity to insurance trainers

Thu, 07 Apr 2011 04:09:17 GMT

Insurance Regulatory and Development Authority (IRDA) has doled out one more largesse to the institutes that train advisors/agents by making certification mandatory for tele-callers to solicit insurance business. And, they should be trained as per the syllabus prescribed by the IRDA.

Gold through microfinance fulfilling dreams of 400 million people: WGC

Thu, 07 Apr 2011 03:58:11 GMT

In India gold has stood as an epitome of timeless security. In times of unforeseen difficulties there is an innate tendency among Indians to leverage on gold. For many families in India, handing down gold in legacy to their daughters in the marriage has been a tradition long established.

Sprint Nextel, Persistent Systems forms a joint venture

Thu, 07 Apr 2011 03:20:28 GMT

Sprint Nextel Corporation, the third largest wireless provider in the United States, and Persistent Systems, a leader in outsourced software product development (OPD) services, formed a joint venture.

BSNL, MTNL and ITI should merge, says BRPSE

Thu, 07 Apr 2011 01:37:23 GMT

The Board for Reconstruction of Public Sector Enterprises (BRPSE)has strongly recommends the merger of ITI Ltd with BSNL, or its takeover by BSNL as a separate subsidiary, thereby ensuring strategic vertical integration," the board said in a note.

Food inflation declines to 9.18 pc as prices of pulses fall

Thu, 07 Apr 2011 01:20:24 GMT

Food inflations remained in single digits for the second consecutive following significant fall in prices of pulses. Food inflation fell to 9.18 per cent for the week ended on March 26 from 9.50 per cent in the preceding week. This the second lowest level in the recent past.

Uninor offers full talk time benefit on low value recharges

Thu, 07 Apr 2011 12:51:33 GMT

Uninor, a leading GSM service provider, on Thursday announced a first of its kind initiative on low denomination recharges for its esteemed customers in Andhra Pradesh.

‘Faster health insurance penetration key to healthcare access’

Thu, 07 Apr 2011 12:22:35 GMT

A whitepaper released by PwC and India Health Progress recommends health insurance as one of the key pillars to increase access to healthcare in India especially among the economically challenged patients.

Unichem receives USFDA nod for Divalproex Sodium tablets

Thu, 07 Apr 2011 12:09:23 GMT

Unichem laboratories Limited on Monday announced that it received ANDA approval from the United States Food and Drug Administration (USFDA) for Divalproex Sodium Delayed Release tablets.

IHG, Duet India Hotels Group to develop 19 Holiday Inn Express hotels

Wed, 06 Apr 2011 08:21:38 GMT

InterContinental Hotels Group (IHG), the world's largest hotel group by number of rooms, has signed a joint venture partnership with Duet India Hotels Group (DIHL), the hotel investment arm of global asset manager Duet Group, to develop 19 new Holiday Inn Express hotels across India

Ahler to expand in India

Wed, 06 Apr 2011 08:01:11 GMT

Ahlers, the international logistic and maritime group with headquarters in Antwerp (Europe) decided during its worldwide board meeting held in Mumbai to further expand in India.

Apollo Hospitals Group to host two global conferences

Wed, 06 Apr 2011 07:54:28 GMT

Apollo Hospitals Group will host two international conferences in Hyderabad

HCL to power broadband of Indian Railways

Wed, 06 Apr 2011 07:44:50 GMT

HCL Infosystems, India’s premier hardware, services and ICT system integration company, has bagged a prestigious project of providing broadband connectivity to the Indian Railways.

IndiaMART.com completes 15 Years of powering SMEs' growth

Wed, 06 Apr 2011 07:38:04 GMT

The year 2011 is when India completes 15 years of commercial Internet. This is the same year when India's first and largest online B2B marketplace IndiaMART.com celebrates its 15th anniversary.

Pengala launches Made-for-India learning solution

Wed, 06 Apr 2011 07:32:46 GMT

Pengala Learning Pvt. Ltd., a pioneer in developing learning technology for India, on Wednesday launched a new learning system that helps students learn better and faster.

Tata DOCOMO launches SongShare

Wed, 06 Apr 2011 07:19:50 GMT

To bolster the VAS portfolio, Tata DOCOMO, the GSM brand of Tata Teleservices has launched an innovative application ‘Songshare’ on popular social networking site Facebook, under its Call Me Tunes (CMT) service.

IDBI Federal targets HNIs with Wealthsurance Premier

Wed, 06 Apr 2011 07:14:31 GMT

Seeking to target high net worth customers, private insurer IDBI Federal Life insurance Company Limited onb Wednesday announced the launch of its wealth-building plan, IDBI Federal Wealthsurance Premier Insurance Plan.

Genpact to acquire Headstrong for US $ 550 Million

Wed, 06 Apr 2011 07:09:45 GMT

Transaction expected to accelerate Genpact’s revenue growth and be EPS accretive Headstrong’s clients to benefit from Genpact’s global scale and end-to-end service capabilities

Airtel digital TV launches two new interactive services

Wed, 06 Apr 2011 06:51:51 GMT

Airtel digital TV, the DTH service from Bharti Airtel, has added two new interactive services - iDarshan and iGoodlife. With this, Airtel digital TV now has 5 unique interactive applications as part of its interactive services portfolio.

Talwalkars launches its 100th health club

Wed, 06 Apr 2011 05:56:21 GMT

Talwalkars Better Value Fitness Ltd, the largest health club chain in India with a presence in more than 50 cities, has announced the launch of its 100th health club, creating yet another milestone for this iconic brand.

My Mobile Payments launches mobile payment services

Wed, 06 Apr 2011 05:46:31 GMT

My Mobile Payments Ltd (MMPL), a mobile payment service provider, on Wednesday launched “Money on Mobile” (MoM), an m-wallet service that facilitates payment for a wide range of goods and services using a mobile phone instead of paying by cash, cheque or credit cards for the Indian market.

Consulting, IT firms dominate at ISB placements in 2011

Wed, 06 Apr 2011 05:25:20 GMT

Consulting, IT/ITeS and banking firms were the top recruiters at the Indian School of Business (ISB) during the 2011 placements in which 310 companies participated, making a record 661 offers to 552 students. Of these, 75 multi-national companies (MNCs) made 84 offers.

SEC slaps a penalty of US $ 17.5 million on Satyam Computers, Price Waterhouse

Wed, 06 Apr 2011 01:02:59 GMT

Satyam Computer Services Ltd, rebranded as Mahindra Satyam, announced today that it had reached a settlement with the US Securities and Exchange Commission, without admitting or denying allegations of any wrongdoing, which concludes the SEC’s investigation of accounting issues as to the Company.

Pitching NuZen as global cosmetic major: Ravindranath

Tue, 05 Apr 2011 06:52:55 GMT

Mr. Ravindranath affirms, sans any doubt, that he wants NuZen to become a global herbal cosmetic brand with multiple products serving multifarious sections of humans around the world. The company proposes to go public in three years and targets a revenue of Rs. 500 crore by then.

Wyndham Hotel Group to add seven new hotels in India

Tue, 05 Apr 2011 06:31:44 GMT

Wyndham Hotel Group, the world’s largest hotel company based on number of hotels and one of three business units of Wyndham Worldwide, on Monday announced the signing of seven properties in India for its Ramada and Days Inn brands.

2G scam: PAC quizzes Anil Ambani, telecom CEOs

Tue, 05 Apr 2011 06:22:43 GMT

Reliance Communications Chairman Anil Ambani on Tuesday appeared before Parliament’s Public Accounts Committee (PAC) which quizzed him for over two hours in connection with alleged irregularities in 2G spectrum allocation.He was asked questions on issues related to the 2G spectrum allocation.

Maruti Suzuki hikes car prices by up to Rs 9,000

Tue, 05 Apr 2011 05:31:03 GMT

Three months after it had carried out a similar exercise, the country's largest carmaker Maruti Suzuki India on Tuesday said it had increased the prices of its vehicles across all models by up to Rs 9,000 to offset rising input costs.The details of price hike across different models are not known.

L&T ties up funds for Rs 16,375-cr Hyderabad Metro Rail

Tue, 05 Apr 2011 04:56:19 GMT

L&T Metro Rail (Hyderabad) Ltd (L&T MRHL) had achieved financial closure for the Rs.16,375 crore Hyderabad metro rail project.Of the total project cost, Rs 14,132 crore would be used for the metro rail system while remaining Rs 2,243 crore would be utilized for real estate development (Phase 1).

Lifebuoy launches Lifebuoy Health Talc

Tue, 05 Apr 2011 03:54:34 GMT

Lifebuoy has launched Lifebuoy Health Talc in Andhra Pradesh. The special health talc combines superior benefits of both Prickly Heat Talcs as well as Cooling Talcs

Harley-Davidson launches 'Forty-Eight' in India

Tue, 05 Apr 2011 12:48:54 GMT

Harley-Davidson has announced the addition of the new Forty-Eight model to its expansive model portfolio in India. With this addition, Harley-Davidson offers a motorcycle that promises riders a raw and radical ride as this bike brings brawn and chiseled custom with power and performance.

Indian chip design industry to touch $10.2 bn by 2012

Mon, 04 Apr 2011 03:52:39 GMT

Driven by increasing sales of electronics and burgeoning telecom sector, the Indian semiconductor design industry is expected to reach $10.2 billion by 2012. The industry, which comprises VLSI design and embedded software development, is estimated to grow 17.3 per cent y-o-y from $7.5 bn in 2010.

Bajaj Auto sales up 12 pc to 3,07,738 units in March

Mon, 04 Apr 2011 03:30:56 GMT

Two-wheeler maker Bajaj Auto on Monday said it clocked a 12 per cent jump in sales in March this year to 3,07,738 units from 2,74,277 units in the same month last year.The company's exports went up 7 per cent to 69,884 units in March this year from 65,134 units in March 2010.

Oil PSUs likely to lose Rs 174,126 cr on fuel sales in FY12

Mon, 04 Apr 2011 02:35:20 GMT

State-owned oil companies will lose a whopping Rs 174,126 crore on selling fuel at government- controlled rates during the current fiscal, 68 per cent more than what they lost when crude oil touched an all-time high in 2008-09.

Mundra Port aims to handle 100 mn tonnes cargo by 2013

Mon, 04 Apr 2011 02:13:48 GMT

Mundra Port and Special Economic Zone, India’s largest private multi-port operator and subsidiary of Adani Enterprises, said that cargo volumes handled by its Mundra Port crossed the crucial 50 million tonnes mark.

Centre to set up high-level bodies on hybrid vehicles soon

Mon, 04 Apr 2011 02:00:19 GMT

The Centre will set up two high-level bodies this week to frame policies for promotion of hybrid and electric vehicles in the country. While the National Council for Electric Mobility (NCEM) will be a political forum, there will also be a junior body at the executive level.

Indian firms raise Rs 9,594 crore via rights issue in FY11

Mon, 04 Apr 2011 01:48:10 GMT

Indian companies had raised Rs 9,594 crore through rights issues during last financial year, an increase of 15 per cent vis-a-vis the 2009-10 mop-up. Mobilisation of resources through rights issues recorded a 15 per cent increase in the recently concluded fiscal 2010-11, Prime Database said.

Adi Godrej succeeds Rajat Gupta as ISB chairman

Sat, 02 Apr 2011 07:52:50 GMT

The executive board of the Indian School of Business (ISB) on Saturday elected Godrej group chief Adi Godrej as its chairman. This election was necessitated by recent resignation of Rajat Gupta who is facing insider trading charges in the US.

GITAM University organizes seminar on ‘Green Management’

Sat, 02 Apr 2011 06:57:59 GMT

The Hyderabad Business School, GITAM University, in association with National Mineral Development Corporation (NMDC) organized a national seminar on ‘Green Management’ here on Saturday.

CBI chargesheet pegs 2G scam loss at Rs 30,984 cr

Sat, 02 Apr 2011 04:15:23 GMT

Former Telecom Minister A Raja and eight others including former Telecom Secretary Siddharth Behura and three telecom companies were on Saturday named in the 2G spectrum allocation scam in which the CBI filed its first charge sheet pegging the loss to the exchequer at Rs 30,984 crore.

World cannot ignore India, China any more: Anil Ambani

Sat, 02 Apr 2011 03:56:16 GMT

World, in particular the developed world in the West, can no longer afford to ignore India and China at least in terms of their economic power, ADAG chief Anil Ambani has said. Achieving a growth of 8-9 per cent per annum at a sustained pace on a long-term basis is a real possibility, he added.

US begins accepting H-1B work visa petitions for 2012

Sat, 02 Apr 2011 02:18:20 GMT

US immigration authorities have started accepting applications for H-1B work visa, the most sought-after among Indian IT professionals, for the fiscal year 2012. Cases will be considered accepted on the date USCIS receives a properly filed petition for which the correct fee has been submitted.

Automakers post robust sales in March despite price hikes

Sat, 02 Apr 2011 12:57:31 GMT

Notwithstanding rising prices and interest rates, automobile sales continue to soar in the country with most of the automobile manufacturers ending financial year 2010-11 on a high note. Carmakers reported record sales in March.Even soaring crude-oil prices did not have any adverse impact.

HCL Infosystems implements NOC project at ONGC

Sat, 02 Apr 2011 12:44:22 GMT

HCL Infosystems, India’s premier hardware, services and ICT system integration company, announced the completion of a prestigious project from ONGC for deployment of Network and Security Operations Centre.

Tata Indicom offers extra talk time for every Indian 4 or 6 at World Cup finals

Sat, 02 Apr 2011 12:38:13 GMT

Tata Indicom, the CDMA brand of Tata Teleservices Limited, has announced a special World Cup offer on RCV 150 for all the cricket lovers/fans across the country. Under this offer, new and existing pre-paid customers can avail the benefit of extra talk time while Indian cricket team score a boundary.

Dr Reddy's arm, Valeant to market Cloderm Cream in US

Fri, 01 Apr 2011 07:55:06 GMT

Promius Pharma LLC, a unit of city-based Dr. Reddy's Laboratories Ltd, said on Friday it formed a partnership with Valeant Pharmaceuticals International Inc to market in the US a cream used for treating dermatological inflammation.

CREDAI calls for single window clearance for realty projects

Fri, 01 Apr 2011 07:38:02 GMT

Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body of real estate developers and builders across the country, on Friday called for single window clearance for real estate projects to reduce inordinate delays in obtaining numerous approvals.

Tata Motors sales up 11 pc in March

Fri, 01 Apr 2011 05:40:13 GMT

Auto major Tata Motors reported a 10.96 per cent jump in total sales in March to 83,363 units, as against 75,129 units in the same month last year. For the entire 2010-11 fiscal, the company posted a 25 per cent jump in total sales to 8,03,322 units, as against 6,42,664 units

YuppTV hosts online premier of Bollywood movie F.A.L.T.U

Fri, 01 Apr 2011 05:27:06 GMT

City-based Global Takeoff Inc, a leading global provider of converged digital entertainment and advertising solutions, on Friday announced that in partnership with Zee Communications, it would release the premier of the movie F.A.L.T.U online to a worldwide audience through YuppTV.

Tata Steel raises its stake in TCIL to 59.45 p.c.

Fri, 01 Apr 2011 05:13:32 GMT

Tata Steel on Friday stated that it made the Tinplate Company of India Limited (TCIL) its subsidiary by increasing its stake in the company by 16.57 per cent to 59.45 per cent.

Volkswagen India sells 8,095 vehicles in March

Fri, 01 Apr 2011 04:39:01 GMT

Volkswagen brand continues its impressive growth with 8,095 vehicles sold in the month of March 2011. The company’s Polo and Vento models drove the sales with a combined sales of 7854 units in March alone.

Johnson Controls appoints Nova ACR Services as distributor

Fri, 01 Apr 2011 04:26:57 GMT

Johnson Controls India on Friday announced its partnership in India with Nova ACR Services (India) Pvt Ltd for the distribution, service and support of its 'York' range of residential and light commercial air-conditioners.

TCS bags multi-million dollar contract from Air Liquide

Fri, 01 Apr 2011 04:10:21 GMT

Country's largest software firm Tata Consultancy Services (TCS) on Friday said it has received a multi-year, multi-million dollar contract to provide application support, maintenance and development services to US-based Air Liquide.TCS will provide application development and maintenance services.

Maruti Suzuki sales up 28 pc in March, 24.8 pc in 2010-11

Fri, 01 Apr 2011 04:00:20 GMT

Carmaker Maruti Suzuki India on Friday reported a 28.20 per cent jump in total sales for March to 1,21,952 units from 95,123 units in the same month last year. For the entire 2010-11 fiscal, the company's sales soared by 24.81 per cent to 12,71,005 units from 10,18,365 units in the previous fiscal

New SEZ for animation & gaming: CM

Thu, 31 Mar 2011 10:27:11 GMT

Chief Minister N.Kiran Kumar Reddy announced on Thursday that a separate SEZ for animation and gaming city would be established in the State after formulating the new transparent policy for industrial land allotments.

Harness the Web for unshackling government data: Berners-Lee

Thu, 31 Mar 2011 09:35:02 GMT

The World-wide Web, may be free and available for all -- but don't forget, it relies on a layer called Internet -- and governments more often than not, get to fix it ( and 'switch it off'). This small smack of realism, comes from Sir Tim Berners-Lee, the "father" of the World Wide Web.

Mahindra to sell South Korean SUVs in India, Africa

Thu, 31 Mar 2011 07:48:29 GMT

India's Mahindra & Mahindra will sell Ssangyong Motor vehicles in markets including India and Africa in a bid to revitalise the troubled South Korean firm it bought last year.Two sport utility vehicles, the Korando and Rexton, will be introduced to the Indian market.

Macquarie SBI Infra invests Rs 893 cr in GMR Airpots

Thu, 31 Mar 2011 07:00:35 GMT

GMR Infrastructure Ltd on Thursday said that GMR Airports Holding Limited, a subsidiary of GMR Infrastructure Limited (GIL), received Rs. 893.20 crore ($200 million) investment from Macquarie SBI Infrastructure Investments Limited.

India’s annual gold demand to touch 1,200 tonne in 2020: WGC

Thu, 31 Mar 2011 05:31:20 GMT

The World Gold Council (WGC) research showed that cumulative annual demand for gold in India would increase to excess of 1200 tonnes or nearly Rs. 250 crore at current price levels, a WGC statement said on Thursday.In 2010, total annual consumer demand reached 963.1 tonnes.

Tata Photon Plus bags ‘Product of the Year 2011’ award

Thu, 31 Mar 2011 04:38:20 GMT

Tata Teleservices Limited (TTL), India’s fastest-growing pan-India telecom service provider has added yet another feather to its cap as Tata Photon Plus, high speed mobile broadband services, has been awarded the coveted ‘Product of the Year 2011’ award.

'India emerges as hot destination for medical tourism'

Thu, 31 Mar 2011 03:59:27 GMT

With medical tourism picking up at a fast pace, the number of patients travelling from Kenya to India is expected to more than double to 50,000 during the current year, compared to the previous year as the cost of treatment in India is as low as a tenth of what is in Kenya.

ICICI Prudential Life to focus on the NRI segment

Thu, 31 Mar 2011 03:43:25 GMT

ICICI Prudential Life Insurance on Thursday announced that it would target the Non Resident Indian (NRI) segment by offering annuity solution. The annuity product, ICICI Pru Immediate Annuity, is structured in a unique manner which addresses the needs of the NRIs.

Ramky Infra ties up Rs 1,440 cr debt for Srinagar-Banihal road project

Thu, 31 Mar 2011 03:27:04 GMT

The financial tie-up for the debt syndication of Rs 1,440 crore to execute the prestigious Srinagar-Banihal Highway project in Jammu and Kashmir has been achieved. An agreement to this effect was signed between SBEL and ICICI Bank Ltd.

Food inflation drops to single digit at 9.5 pc

Thu, 31 Mar 2011 01:22:45 GMT

Food inflation fell to a single digit at 9.5 per cent for the week ended March 19 amid easing pulses prices, even as fruits and protein-based items remained costly. Food inflation based on the wholesale price index (WPI) had risen to 10.05 per cent for the preceding week leading up to March 12.

India's population zooms to 121 crore, up 17.64 pc

Thu, 31 Mar 2011 01:06:19 GMT

India's population is now pegged at 1.21 billion (121 crore), an increase of more than 181 million (18.1 crore) in the last 10 years. The population comprising 623.7 million males and 586.5 million females is almost equal to the combined population of the United States and five other countries.

Jones Lang LaSalle named in 2011 World’s Most Ethical Companies list

Thu, 31 Mar 2011 12:16:43 GMT

Jones Lang LaSalle, the global financial and professional services firm specializing in real estate, has been recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for 2011.

Aurobindo Pharma gets USFDA nod for Galantamine tablets

Thu, 31 Mar 2011 12:09:28 GMT

City-based Aurobindo Pharma Ltd received the final approval from US FDA to manufacture and market Galantamine tablets USP 4,g, 8mg and 12mg. The company said the product would be launched soon.

Kamdhenu Steel launches new range of TMT Bars

Thu, 31 Mar 2011 11:58:42 GMT

Kamdhenu Steel, a leaders in Indian steel market when it comes to producing TMT steel bars used in public and private construction, have come out with two hybrid varieties of TMT bars which are of the best quality the company has had to offer so far.

Harness Web to address concerns of lay citizens: Kalam

Wed, 30 Mar 2011 10:23:00 GMT

A.P.J.Abdul Kalam has challenged the global community of Internet solution developers to sharply accelerate the pace of change to achieve a seamless melding of the real and cyber world to help empower billions and enable them to overcome the barriers of language and connectivity.

CA Technologies offers RSA SecurID customers an opportunity

Wed, 30 Mar 2011 06:07:33 GMT

CA Technologies is offering all RSA SecurID token customers an opportunity to trade their RSA tokens for CA ArcotID secure software credentials in a one-for-one swap.

HC directs Satyam Computers to deposit RS. 350 crore, bank accounts freed

Wed, 30 Mar 2011 05:53:54 GMT

The Andhra Pradesh High Court directed Satyam Computer Services Ltd to deposit Rs. 350 crore with the Central Board of Direct Taxes (CBDT) against the demand note raised by the Income Tax department for the company and issued notices to the respondents.

Phantom Menace to be converted into 3D

Wed, 30 Mar 2011 05:30:57 GMT

Lucasfilm, a leading film and entertainment company, and Prime Focus, the global visual entertainment services company, are proud to announce their collaboration on the 3D conversion of Star Wars: Episode I The Phantom Menace for theatrical release.

Thomas Teo takes over as new CEO for Ascendas India

Wed, 30 Mar 2011 05:25:28 GMT

Ascendas, Asia’s leading business space solutions provider, appointed Mr Thomas TEO as Chief Executive Officer of Ascendas India, effective April 1 2011.

Kothagudem Thermal Power Station Stage-VI synchronised with grid

Wed, 30 Mar 2011 05:17:29 GMT

The Kothagudem Thermal Power Station stage-VI was synchronised with the power grid on Wednesday. It attains full load of capacity of 500MW after carrying out required tests, rectifications etc., by June 30.

Team uses Xbox Kinect to see patient images during surgery

Wed, 30 Mar 2011 03:19:39 GMT

A team of engineers, University of Toronto residents and Sunnybrook cancer surgeons are doing much more than playing games with their Xbox Kinect, they are using the technology during surgery to view critical patient imaging.

Ram Informatics bags order from Commercial Taxes Dept.

Wed, 30 Mar 2011 02:51:55 GMT

Ram Informatics Ltd on Wednesday said it had received a work order from Commissioner of Commercial Taxes, Govt. of Andhra Pradesh, for upgradation of Commercial Tax Portal. Financial details of the order are not known.

XL Energy bags EPC contract for solar plant In Haryana

Wed, 30 Mar 2011 01:08:57 GMT

XL Energy Ltd. on Wednesday it bagged order valued Rs.12.1 crore for the turnkey supply and installation of solar power plant in Haryana. The company said the project had achieved financial closure, while the various other opportunities under negotiation are at various stages of closure.

SSTL completes allotment of shares to Russian govt

Wed, 30 Mar 2011 12:51:09 GMT

Sistema Shyam TeleServices Ltd (SSTL) on Tuesday announced the allotment of shares to the Russian Federation. The company issued 54,73,12,918 equity shares to the Federal Agency for State Property Management of the Russian Federation (Rosimushchestvo).

TL Jones launches new touch-enabled elevator landing call station

Wed, 30 Mar 2011 12:39:59 GMT

TL Jones has released the latest addition to its COMMANDERT suite of touch-enabled elevator control products: the L1 landing call station module.

Dr. Reddy's completes acquisition of penicillin facility in US

Wed, 30 Mar 2011 12:29:27 GMT

City-based Dr. Reddy's Laboratories Ltd. completed the acquisition of oral penicillin facility and product portfolio of GlaxoSmithKline in the United States, as per the agreement signed and announced by the companies on November 23, 2010.

International Paper to buy AP Paper Mills

Wed, 30 Mar 2011 09:29:39 GMT

Andhra Pradesh Paper Mills, a prestigious project located at Rajahmundry, was sold to US-based International Paper (IP) by offloading a controlling stake of close to 75 per cent. The deal is worth about Rs 1,400 crore and surprised the markets due to its steep valuations

Europe is very important market for us: TCS CEO

Tue, 29 Mar 2011 06:54:18 GMT

India’s leading IT exporter Tata Consultancy Services (TCS) is giving top priority for Europe as the growth in the continental Europe is very important for the IT major, says the company’s Chief Executive Officer (CEO) N Chandrasekaran.

HCL Infosystems launches next-gen range of ME Tablets

Tue, 29 Mar 2011 05:39:06 GMT

HCL Infosystems Ltd, India's premier hardware, services and ICT systems integration and distribution company, on Tuesday unveiled its new range of ME Tablets.

Intas Pharmaceuticals files DRHP with SEBI for IPO

Tue, 29 Mar 2011 05:26:15 GMT

Intas Pharmaceuticals Limited has filed its draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of its equity shares of face value Rs. 10 each comprising a fresh issue of equity shares aggregating up to Rs. 425 crore.

Usher Agro becomes largest par boiled rice producer

Tue, 29 Mar 2011 05:19:37 GMT

Usher Agro Ltd has reported a capacity increase in its rice milling facilities at Chhata, Mathura. With new capacity of 2,91,600 MTPA added on March 28, 2011, the total operational and installed rice milling capacity of the company now increased to 5,43,600 MTPA.

Volkswagen unveils all-new Passat priced 20.80 lakh

Tue, 29 Mar 2011 04:55:48 GMT

Volkswagen, Europe’s leading car manufacturer, unveiled the all-new Passat with the highly innovative BlueMotion Technologies for India on Tuesday.

Karvy Comtrade awarded Best Corporate Desk for Commodity Broking

Tue, 29 Mar 2011 03:35:47 GMT

Karvy Comtrade Limited has been awarded the 'Broker with Best Corporate Desk for Commodity Broking' at the prestigious Bloomberg UTV Financial Leadership Awards 2011 held in Hotel Taj Lands End, Mumbai.

Broadcom develops chip for 4G wireless mobile data transfer

Tue, 29 Mar 2011 03:32:00 GMT

Latest High Performance Chip Delivers 1000x Bandwidth - Paves the Way for Transformation of India’s Mobile Network

Cognizant helps Marks & Spencer enhance business effectiveness

Tue, 29 Mar 2011 03:16:15 GMT

Tech major Cognizant on Tuesday announced that it is helping Marks & Spencer Group plc, one of the UK’s leading retailers, improve operational efficiencies, drive business effectiveness, and provide superior customer experience.

15 US companies visiting India, to offer franchise

Tue, 29 Mar 2011 03:09:26 GMT

What's common between cricket, Kentucky Fried Chicken and Curves for Women? All have launched profitable businesses through franchisee models and have growth plans for future expansion in place. 15 U.S. franchises will visit Hyderabad on April 12 and 13 to network with leading entrepreneurs.

CCEA clears Rs 4,500 cr FDI in Hero Investments

Tue, 29 Mar 2011 03:06:21 GMT

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved a proposal for Rs 4,500 crore foreign direct investment (FDI) in Hero Investments Pvt Ltd, one of the main shareholders in the country's largest two-wheeler maker Hero Honda, by two private equity firms.

SKS sells Rs 610 cr micro loans to banks, NBFCs

Tue, 29 Mar 2011 01:53:15 GMT

SKS Microfinance Limited sold Rs 610 cr microfinance loans to banks, Non-Banking Finance Companies (NBFCs) to improve its liquidity position. It sold Rs 60 crore securitized loans to NFBC and Rs 550 crore to two banks. The bank transactions comprises two transactions of Rs 310 cr and Rs 240 cr.

Lenovo launches Apple iPad rival LePad in China

Tue, 29 Mar 2011 12:57:14 GMT

Chinese computer giant Lenovo has launched its own tablet computer at home as it tries to compete for a share of an increasingly crowded market dominated by Apple's iPad. The LePad -- powered by Google's Android software -- was launched in China

IDBI Federal targets HNIs with Wealthsurance Premier

Tue, 29 Mar 2011 12:35:13 GMT

Seeking to target high net worth customers, private insurer IDBI Federal Life insurance Company Limited announced the launch of their wealth-building plan, IDBI Federal Wealthsurance Premier Insurance Plan.

Volkswagen granted non-banking finance licence

Mon, 28 Mar 2011 07:34:30 GMT

Global automobile major Volkswagen's Indian finance subsidiary Monday said that it has been granted non-banking finance company (NBFC) licence by the Reserve Bank of India (RBI).

HSCI appoints Seki Inaba as Director - Marketing

Mon, 28 Mar 2011 06:25:15 GMT

Honda Siel Cars India, leading manufacturer of premium cars in India, has appointed Mr. Seki Inaba as Director, Marketing with effect from April 1, 2011.

20th World Wide Web Conference begins in Hyderabad

Mon, 28 Mar 2011 06:17:53 GMT

The International Institute of Information Technology, Bangalore in cooperation with the International Institute of Information Technology, Hyderabad and the Institute of Information Technology, Bombay are hosting WWW 2011, the 20th International World Wide Web Conference from March 28.

DQE to release three 3D animation movies from 2012

Mon, 28 Mar 2011 04:46:43 GMT

DQ Entertainment is gearing up to release three 3D movies starting 2012 onwards through 2014 under its films division - DQE Feature. The company's three 3D films are: The Jungle Book (2012-13), The New Adventures of Peter Pan (2013-14) and The Phoenix And The Flying Carpet (2013-14).

TCS to open learning & development centre in Hyderabad

Mon, 28 Mar 2011 04:25:46 GMT

Tata Consultancy Services (TCS), the leading IT services, business solutions and consulting firm, will inaugurate its first learning and development center for campus trainees in the city on Tuesday.The new center is equipped to train 6,000 professionals in a year.

NATCO's cancer drug gets FDA's 'orphan drug' designation

Mon, 28 Mar 2011 04:12:35 GMT

The city-based NATCO Pharma's novel anti-cancer drug has received "Orphan Drug Designation" from the United States Food and Drug Administration (USFDA) for three indications - Gloma (brain tumour), Pancreatic Cancer and Chronic Myelogenous Leukemia.

Reliance Broadcast gets into regional TV business

Mon, 28 Mar 2011 03:44:42 GMT

Reliance Broadcast Network Ltd (RBNL) has announced its foray into the regional television space with the launch of its Hindi entertainment channel -- Big Magic.

Supreme Court raps Centre for not probing black money sources

Mon, 28 Mar 2011 03:34:07 GMT

The Supreme Court on Monday flayed the Government for not probing into specific sources of black money stashed in banks abroad and asked the Centre to apprise it of its investigation into the threat to national security posed by it. The bench sought to know the names of all involved in it.

CA Technologies unveils new A-Pac partner program

Mon, 28 Mar 2011 03:12:05 GMT

CA Technologies on Monday announced its partner program for Asia-Pacific region for ensuring best service to its clients through its partners.

Exporting human hair from Tanuku to Italy: Vanka

Mon, 28 Mar 2011 02:51:49 GMT

Vanka Ravindra Nath saw a business opportunity in human hair and set up Indian Hair Industries in 1990 to embark on his entrepreneurial journey. Starting its operations with just 50 employees in Tanuku in West Godavari district, Indian Hairs Industries has grown into an Rs 120-crore company.

Colonel Quaddafi, have you read Chapter 8 of Sri Krishna Committee report?

Mon, 28 Mar 2011 12:56:13 GMT

Mr Justice, its unfair! Its unfair to have ‘discovered’ something and yet marked it ‘secret’. Its unfair to have formulated new political theories and yet made it available only to few of your ‘masters’.

Dr. Reddy’s launches Levocetirizine tablets in US

Mon, 28 Mar 2011 11:42:59 GMT

Dr. Reddy’s Laboratories has launched Levocetirizine tablets (5mg), a bioequivalent generic version of Xyzal® tablets in the US market. The United States Food & Drug Administration (USFDA) approved Dr. Reddy’s ANDA for Levocetirizine tablets on February 24, 2011.

AirTel slapped with hefty penalty of Rs. 26 crore

Sun, 27 Mar 2011 06:43:05 GMT

Facing a huge penalty of over Rs 26 crore for not following guidelines on re-verification of pre-paid subscribers in the troubled Jammu and Kashmir, Bharti Airtel has asked the J&K division of DoT to take a lenient view and review the penalty.

Socio-economic impact of direct selling: policy needed

Sun, 27 Mar 2011 06:33:51 GMT

The Report on “Socio-Economic Impact of Direct Selling: Need for Policy Stimulus” by ICRIER and sponsored by “Indian Selling Association” and the “World Federation of Direct Selling Associations” is just released.

Apollo Life launches ‘APOLLO M.I.N.D.LINE’ - a tele-counselling helpline

Sun, 27 Mar 2011 06:21:35 GMT

Apollo Life, a sister initiative of Apollo Hospitals Group, today announced the launch of The Apollo M.I.N.D.Line, a tele-counselling helpline to address an array of psychological issues, prevalent in society. Interested persons can SMS ‘APOLLOLIFE’ to 54545

T.T.Ashok to head CII Southern region, G.V.Sanjay Reddy his deputy

Sun, 27 Mar 2011 06:14:27 GMT

Mr T T Ashok, Managing Director, Taylor Rubber Pvt Ltd, Chennai has been elected as the Chairman of CII - Southern Region for the year 2011 -12. Mr. G V Sanjay Reddy, Vice Chairman, GVK Power & Infrastructure Ltd, Hyderabad has been elected as Deputy Chairman.

Gujarat leads in GDP growth, Andhra Pradesh at 6th

Sat, 26 Mar 2011 07:13:56 GMT

As a result of its focused growth initiatives, Gujarat has leaped ahead of other Indian states in growth, whereas the states in South India are witnessing a slump in growth. Gujarat has witnessed growth at the rate of 11 per cent as compared to the all Indian growth average of nine per cent.

Captivating BMW 6 Series convertible comes to India.

Sat, 26 Mar 2011 04:28:08 GMT

The new BMW 6 Series Convertible is set to captivate convertible lovers in India with BMW India unveiling it at the picturesque Leela Palace Kempinski in Udaipur. The new convertible, priced Rs 95 lakhs, is available as a petrol variant and can be ordered at BMW dealerships across India.

California finds high lead levels in Indian candy

Sat, 26 Mar 2011 02:52:00 GMT

Californians have been warned not to eat a brand of candy imported from India following tests which found unacceptable levels of lead in the product.

Apollo neuro-surgeons perform two complex surgeries

Sat, 26 Mar 2011 02:39:08 GMT

Apollo Health City’s team of neurosurgeons led by Dr. Alok Ranjan, Sr. Consultant Neurosurgeon, performed two complex neurosurgeries on two young Omani nationals brought in a highly critical condition, at Apollo Health City, recently and both have recovered and ready to return to their country.

CAG for tighter tax norms for film, TV industry

Sat, 26 Mar 2011 01:12:34 GMT

Government auditor Comptroller and Auditor General (CAG) on Saturday recommended tighter tax norms, including mandatory TDS, for the Indian cinema and television industry, which is estimated at over Rs 36,000 crore.

RBI likely to continue with tight monetary policy: Rangarajan

Fri, 25 Mar 2011 06:41:45 GMT

Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Friday said the RBI will have to continue with its monetary tightening policy to tame inflation, which stood at over 8 per cent in February.

Sensex shoots up 465 points to touch 2-month high

Fri, 25 Mar 2011 06:00:01 GMT

The BSE Sensex shot up 465 points on Friday to close at a 2-month high of 18,815.64, in line with strong show by global markets, as funds bought blue-chips led by software companies on overall positive indicators.Increased buying by foreign funds kept the sentiment strong.

7Seas Entertainment bags FICCI-BAF 2011 Award

Fri, 25 Mar 2011 05:52:11 GMT

7Seas Entertainment Limited, a city-based independent game development company, has bagged the prestigious FICCI-BAF (Best of Animation Frames) award for its ‘The Dark Man’ game under the ‘Best Online Game’ category.

Tata Motors first Indian co to make 1 lakh commercial vehicles

Fri, 25 Mar 2011 05:47:55 GMT

Homegrown auto major Tata Motors on Friday became the first Indian company producing one lakh commercial vehicles in a financial year.

India among top 3 countries in global broadband growth

Fri, 25 Mar 2011 05:30:24 GMT

India's phenomenal growth in broadband in 2010 -second only to China and the United States - is leading towards the country soon becoming one of the top ten users of broadband in the world.India added more than 2.5 million new lines of broadband last year and now stands at no.13 in the world.

Gowtham Model School teams up with IndiaSkills

Fri, 25 Mar 2011 04:42:53 GMT

IndiaSkills, a vocational training initiative from Manipal Education and City & Guilds, one of the leading providers of work related assessment and qualifications in the world, on Friday launched “GMS Vocations & IndiaSkills” in association with city-based Gowtham Model School.

DARE honours rising business stars of Andhra Pradesh

Fri, 25 Mar 2011 04:14:11 GMT

DARE, a Cybermedia publication that focuses on entrepreneurs, on Friday released a special edition on the ‘Rising Stars of Andhra Pradesh’, which highlighted amazing success stories of 20 entrepreneurs from the state. Five of them who were chosen through people’s vote were also honoured.

Dax Networks launches DX-0528GTE switch

Fri, 25 Mar 2011 01:57:17 GMT

Dax Networks has launched DX-0528GTE-L3-AC, an enhanced, high-performance, managed, stackable Layer 3 switch. Priced at Rs 2,60,290, the DX-0528GTE-L3-AC Switch is designed to provide high density Gigabit desktop connectivity for mid-size and large enterprises.

US Tri Valley University visa scam tip of an iceberg: Report

Thu, 24 Mar 2011 07:23:41 GMT

A visa scam at Tri Valley University in California, that has affected hundreds of Indian students, is just the tip of an iceberg and a large number of such institutes exist in the US, a report said.These colleges usher in thousands of foreign students and generate millions of dollars in profits.

Possible to maintain inflation at moderate level: Pranab

Thu, 24 Mar 2011 06:40:46 GMT

Finance Minister Pranab Mukherjee on Thursday said it would be possible to maintain inflation at a moderate level on account of measures taken by the government.

Tata Tea’s Jaagore.com gets 6, 21,000 registrations

Thu, 24 Mar 2011 05:36:00 GMT

Jaagore.com, the centerpiece of Jaago Re!, the social awareness campaign from Tata Tea, has successfully completed 6, 21,000 registrations. With almost 270 live projects and 150 NGOs on board, the portal is slowly evolving into an activity hub for everything related to social issues.

Silver hits new high at Rs 56,400 on global cues

Thu, 24 Mar 2011 05:23:52 GMT

Silver set yet another record on Thursday by surging Rs. 1,800 to Rs. 56,400 per kg on heavy buying by stockists and industrial units, sparked by a rising global trend. Gold rose by Rs. 45 to Rs. 21,240 per 10 grams on scattered buying. In global markets, gold rose by $1.35 to $1,438.75 an ounce.

MediaTek launches new chipset solutions to capture Indian market

Thu, 24 Mar 2011 04:53:00 GMT

MediaTek India, the Indian subsidiary of the Taiwan-based, MediaTek Inc., one of the Top 5 fabless semiconductor companies in the world for wireless communications, on Wednesday announced the availability of 4 new platforms - MT6252, MT6236, MT6573 and MT6276 at the Convergence India,2011.

Bharti AXA General Insurance launches risk management advisory for SMEs

Thu, 24 Mar 2011 04:29:51 GMT

Bharti AXA General Insurance Company Ltd on Thursday launched risk management advisory and consultancy studies for small and medium enterprises in Andhra Pradesh.

DoT to send notices for cancellation of 20 more licences

Thu, 24 Mar 2011 03:40:43 GMT

The Department of Telecommunications (DoT) will soon send notice for 20 more licence cancellation of telecom service providers for not meeting rollout obligation norms. Two notices had already been issued.Every telecom service provider has seperate licence for a service area called telecom circle.

Religare wins ‘Best Brokerage Research House’ award

Thu, 24 Mar 2011 01:12:31 GMT

Religare Capital Markets Limited (RCML), the investment banking and institutional securities arm of financial services group, Religare Enterprises Limited, was awarded the coveted Starmine Award for the 'Best Brokerage Research house'.

Food inflation back in double digits at 10.05 p.c.

Thu, 24 Mar 2011 01:03:24 GMT

Food inflation crept back into double digits at 10.05 per cent for the week ended March 12, breaking a three-week long downward spiral, as prices of vegetables, fruits and protein-based items increased.Food inflation stood at 9.42 per cent in the previous week.

Hazel Media targets Indic language applications ecosystem

Thu, 24 Mar 2011 11:55:32 GMT

Hazel Media Pvt Ltd, a mobility products and technology startup company, announced plans to extend its focus on vernacular language support for mobile and tablet devices by partnering with content providers and content distributors.

I-T raids on Nagarjuna, other Telugu film personalities

Wed, 23 Mar 2011 07:43:10 GMT

Income Tax officials on Wednesday raided houses and offices of leading Telugu film actors in Hyderabad and other cities of Andhra Pradesh. The Telugu film personalities who came under the I-T scanner included actors Nagarjuna, Ravi Teja, actress Anushka Shetty and producer D. Shiva Prasad Reddy.

TiE Hyderabad to hold panel discussion on cloud computing

Wed, 23 Mar 2011 07:32:19 GMT

With an aim to create awareness about opportunities, market potential, risks and challenges in cloud and enterprise mobility areas, The Indus Entrepreneurs (TiE), Hyderabad Chapter, is organizing panel discussion at Computer Associates, Gachibowli campus, on March 25, 2011.

Sensex ends up 218 pts; blue chips lead

Wed, 23 Mar 2011 06:02:06 GMT

The BSE Sensex was up for the second day in a row and closed at 18,206, up 218 points on Wednesday, led by blue-chips like ICICI, Infosys and RIL as investors continued to buy stocks at lower levels in the absence of any major negatives from the Middle East and Japan.

MTS rolls out high speed mobile broadband service in AP

Wed, 23 Mar 2011 05:44:54 GMT

Sistema Shyam TeleServices Limited (SSTL), which operates telecom services under MTS brand, rolled out its high-speed mobile broadband service, MBlaze, in Andhra Pradesh on Wednesday. This service will be available in seven major cities of the state.

Mahindra Satyam deploys Nimsoft Monitoring Solution

Wed, 23 Mar 2011 05:01:27 GMT

Nimsoft on Wednesday announced that Mahindra Satyam, a leading global business and information technology services company, had deployed the Nimsoft Monitoring Solution (NMS) on its Unified Service Management Platform (USMP).

Religare Technologies wins multi-year contract from Nigerian firm

Wed, 23 Mar 2011 04:56:21 GMT

Religare Technologies, a leading provider of Healthcare IT products and solutions, announced on Wednesday that it won a multi-year contract from Nigerian Lebanese Hospital, Nigeria.

Mercedes-Benz India wins 8 auto awards across categories in 2011

Wed, 23 Mar 2011 04:50:24 GMT

Mercedes-Benz India has won eight awards from reputed automotive magazines and television channels for the year 2010.

Centre clears 14 FDI proposals worth Rs 1,290 cr

Wed, 23 Mar 2011 04:22:39 GMT

The Central government on Wednesday approved 14 proposals of foreign direct investment (FDI), including that of Mauritius-based Ghir Investments, totalling Rs 1,289.85 crore.

GM India's production loss touches 600 units in Guj

Wed, 23 Mar 2011 04:16:58 GMT

Labour unrest at carmaker General Motors India's Halol facility entered the second week on Wednesday, causing a loss of production of over 100 units each day.

US to accept H1B visa applications from April 1

Wed, 23 Mar 2011 03:52:22 GMT

The US would start accepting applications for H-1B visa, the most sought after work visa by Indian IT professionals , for the financial year 2012 from April one. As mandated by the US Congress, the fiscal year cap on H-1B petitions for 2012, beginning October 1, is 65,000.

Wipro Technologies recognized as leading consulting solutions provider

Wed, 23 Mar 2011 03:16:36 GMT

Wipro Technologies, the global consulting, system integration and outsourcing business of Wipro Limited, on Wednesday announced that it received Reader's Choice Awards for the third consecutive year from Consumer Goods Technology (CGT) magazine.

Hyundai launches 2011 Accent sedan priced at Rs 5 lakhs

Wed, 23 Mar 2011 02:57:00 GMT

Hyundai Motor India Ltd, India's second largest car manufacturer on Wednesday announced the launch of the Accent 2011 edition. The Accent 2011 edition will be available at a price of Rs 501,900 (ex-showroom, New Delhi).

G M Rao to create Rs 1,540 crore endowment for charity

Tue, 22 Mar 2011 07:52:05 GMT

GMR Group Chairman, GM Rao has pledged to create an endowment worth $340 million (Rs 1540 cr), in favour of the GMR Varalakshmi Foundation, for charitable activities to serve the needy. This is equivalent to the entire portion of Rao's personal share of the entire business.

Centre introduces Bill on GST in Lok Sabha

Tue, 22 Mar 2011 07:42:54 GMT

The Union Government on Tuesday introduced a Constitution Amendment Bill in the Lok Sabha with a view to create a common market for goods and services and replace the existing indirect taxation regime with a uniform Goods and Services Tax (GST) system.

Plastindia exhibition to be held in New Delhi in Feb 2012

Tue, 22 Mar 2011 07:27:06 GMT

Leading plastic manufacturers from 40 countries will participate in Plastindia 2012, the 8th international plastics exhibition and conference, which is scheduled to be held in New Delhi from February 1 to 6, 2012. Over 2000 exhibitors will showcase their products at the event.

Pranab withdraws 5 p.c. service tax on A/c hospitals

Tue, 22 Mar 2011 03:18:49 GMT

Bowing to demand from all quarters, Finance Minister Pranab Mukherjee on Tuesday announced withdrawal of the proposed 5 per cent service tax on airconditioned hospitals with more than 25 beds and on diagonistic services.

Tata Power signs pact with Australia’s Sunengy for solar plant

Tue, 22 Mar 2011 12:49:23 GMT

Tata Power Company Ltd said Australian solar power company, Sunengy Pty Limited entered into a partnership with the company that would allow it to build a pilot plant for its low-cost, floating on water, solar technology in India by the end of this year.

HCL Infosystems launches new laptop, desktop series

Tue, 22 Mar 2011 12:12:50 GMT

HCL Infosystems, India's premier hardware, services and ICT system integration company, unveiled its new range of laptops and desktops. The laptop series - HCL ME 1014 and HCL ME 1015 and desktop series - HCL Infiniti M A365 Pro are packed with unique features embedded with latest technologies.

India card Rupay to replace Visa, MasterCard

Tue, 22 Mar 2011 12:03:40 GMT

After almost two years of planning, the National Payments Corporation has at last finalised the proposed unique India Card which once commercially launched would be an domestic alternative to the global real-time payment processing firms like Visa and MasterCard .

Mahindra Satyam gets Rs 616.53 cr tax notice from I-T Dept.

Tue, 22 Mar 2011 11:31:38 GMT

City-based Mahindra Satyam, the rebranded entity of scam-hit Satyam Computer Services Ltd, on Monday said it received a notice from I-T Dept. for a payment of Rs 616.53 crore in taxes.The company filed a writ petition before the High Court of Andhra Pradesh, Hyderabad, challenging the said order.

Wipro’s new CEO offered salary package up to Rs 10 cr

Mon, 21 Mar 2011 06:48:44 GMT

T K Kurien, the new chief of the IT business and CEO of Wipro, will get an annual salary package of up to Rs 10 crore.

CMIE projects India’s real GDP to grow 8.8 pc in FY 12

Mon, 21 Mar 2011 06:17:51 GMT

India's economy is expected to maintain the eight-plus growth trajectory in FY 12 with its real GDP projected to grow by 8.8 per cent during the fiscal, Centre for Monitoring Indian Economy (CMIE), a leading economic think-tank, said.

‘Mobile handset market set to reach Rs 35,004 cr by 2016’

Mon, 21 Mar 2011 03:43:20 GMT

The mature Indian mobile consumers' increasing preference for high-end handsets and the younger demographics' desire to use mobile Web 2.0 technologies could see the mobile handset market's revenues soar from Rs 25,591 crore in 2010 to Rs 35,005 crore in 2016, a Frost & Sullivan study estimated.

ICICI Bank, Intuit launch Money Manager

Mon, 21 Mar 2011 02:39:09 GMT

ICICI Bank Ltd, India's largest private sector Bank and Intuit, a leading global developer of business and personal finance management solutions, on Monday announced the launch of "Money Manager".

Vodafone top gainer in mobile number portability: COAI

Mon, 21 Mar 2011 01:47:23 GMT

Vodafone's India unit has so far gained the most, following India's move allowing mobile users to retain their numbers even when they switch carriers, data from an industry body showed.

Texecom appoints new head for export sales

Mon, 21 Mar 2011 01:33:46 GMT

Texecom, the manufacturer of intruder alarm products, announced the appointment of Greg Thornton as its new Head of export sales. Thornton's new role gives him responsibility for overseeing sales activities in all areas outside of the UK, where Texecom has its head office.

DGCA to bring over 10,000 CLP holders under scanner

Mon, 21 Mar 2011 01:23:25 GMT

Aviation regulator Directorate General of Civil Aviation (DGCA) plans to bring under the scanner over 10,000 commercial pilot license (CPL) holders and conduct third-party audit of all flying schools in the country in the wake of cases of forgery behind securing of licences coming to light.

Lanco Infra arm commissions 600-MW power plant

Mon, 21 Mar 2011 01:12:00 GMT

Lanco Infratech Ltd on Monday said Lanco Anpara Power Limited, a group company, had successfully synchronized Unit-I (600 MW) on March 19, 2011. This puts LANCO as the Country's No.1 Independent Power Producer (IPP) with present installed capacity of about 3,292 MW.

Chigurupati is out of Zenotech top brass

Mon, 21 Mar 2011 12:59:16 GMT

Jayaram Chigurupati is finally out of the executive positions of authorirty in Zenotech Laboratories Ltd. Its Board of Directors of the Company at its meeting held on March 19, 2011, unanimously elected Dr. Sudershan K. Arora as the Chairman of the Board of Directors of the Company.

India e-commerce market to cross Rs 46,000 cr in 2011

Mon, 21 Mar 2011 12:50:47 GMT

Fuelled by the sustained growth of the online travel industry, the Indian e-commerce market is likely to gallop at an impressive growth rate of 47 per cent to over Rs 46,000 crore in the 2011 calendar year, a report by Internet and Mobile Association of India said.

7Seas products nominated for FICCI awards

Mon, 21 Mar 2011 12:42:41 GMT

City-based 7 Seas Entertainment Ltd, an IP-based game developing company, was nominated for FICCI Awards 2011.

Rajat Gupta resigns as ISB chairman

Mon, 21 Mar 2011 11:56:49 GMT

Rajat Gupta, the former McKinsey & Co chief accused of insider trading in the US, has resigned from chairmanship of the city-based Indian School of Business on Monday. The ISB confirmed his resignation and is on the lookout for a new chairman for the executive committee of the board.

Luxury Malls – The Final Frontier For Indian Retail

Mon, 21 Mar 2011 11:46:30 GMT

The concept of international, standardized luxury floor space must evolve further before India can absorb the demand. Developers must come up with more imaginative ideas of differentiating their luxury malls from the run-of-the-mill.

Kemin Industries to double capacity at Chennai plant

Sat, 19 Mar 2011 04:55:54 GMT

As part of its expansion plans, US-based nutritional ingredient manufacturer Kemin Industries would double its Chennai plant capacity with an additional investment of Rs 15 crore.

Internet in India: whose finger on the cut-off switch?

Sat, 19 Mar 2011 04:26:06 GMT

When a popular surge threatened the ruling regimes in Egypt and Libya a few weeks ago, the first effect felt by the mass of people in those countries was to have Internet access cut off. The Indian media, print as well as online, reported this.

Economic stimulus raises 3.6 million jobs in US

Sat, 19 Mar 2011 03:55:49 GMT

The $ 787 billion economic stimulus programme of the Obama Administration under the Recovery Act, 2009 has raised 3.6 million jobs and contributed 3.2 per cent to the GDP in fourth quarter, the White House has said.

Internet overseer approves .xxx domain

Sat, 19 Mar 2011 03:48:55 GMT

The internet now has its own official red-light district, where sex sites will be regulated against fraud, viruses and child porn.

CII AP organizes conference on marketing

Sat, 19 Mar 2011 03:43:02 GMT

CII Andhra Pradesh organized a one-day conference on marketing on ‘Innovative Marketing Trends: Global Enabler for Indian Economy’ here on Friday.

Ramky Infra bags Rs 288-cr orders

Sat, 19 Mar 2011 03:35:45 GMT

City-based Ramky Infrastructure Ltd has bagged construction work orders worth Rs 288.32 crore, covering water, waste water and building verticals from different parts of India.

Voltas to form JV with Germany's Kion Group

Sat, 19 Mar 2011 03:17:07 GMT

Air conditioner maker Voltas on Saturday said it has signed an agreement with Germany-based Kion Group to establish a joint venture in India for developing and servicing industrial trucks and warehousing equipments.The new firm will be named Voltas Materials Handling (VMH).

Reliance Infra bags Samalkot Power Project EPC contract

Sat, 19 Mar 2011 03:08:29 GMT

Reliance Infrastructure Limited on Friday announced that it secured EPC contract of 2400 MW Gas based Combined Cycle Power Project (CCPP) at Samalkot. This project is strategically located in gas rich belt at Samalkot, East Godavari District.

Nokia joins mobile money transfer business in India

Sat, 19 Mar 2011 03:02:56 GMT

Handset maker Nokia is the latest to join the mobile money transfer bandwagon in India. The cellphone maker along with Union Bank of India launched a mobile-to-mobile cash transfer service called Union Bank Money, which would allow any mobile users on any network to shop and transact.

Jet Airways to operate 15 new flights from Hyderabad

Sat, 19 Mar 2011 02:42:26 GMT

Jet Airways will develop Hyderabad into a mini hub by introducing fifteen new flights. The city will be linked to Bhubaneswar, Vijayawada, Jaipur and Nagpur from March 27, 2011 in the Summer Schedule

US has 11 mn illegal migrants; India a major source

Sat, 26 Feb 2011 05:37:00 GMT

The US had around 11 million illegal immigrants in January 2010 and India was a major "source country" for them, according to an official report.India, Ecuador, Brazil, South Korea and China , in that order, complete the list of the 10 countries that together make up 86 pc of the illegal immigrants.

Three-day Cancer CI conference begins in Hyderabad

Sat, 26 Feb 2011 05:20:31 GMT

The 4th Biennial Conference Cancer CI – 2011, being jointly hosted by Apollo Cancer Hospital, Hyderabad and CURE Foundation was formally inaugurated by Dr. Kevin T. Murphy, world renowned authority on Neuro-Oncology in Hyderabad on Saturday.

Budget wishlist: “Should facilitate international M&As”

Sat, 26 Feb 2011 02:14:20 GMT

Hari Kiran Chereddi, Managing Director, Sujana Energy, says on budget expectations: “The Indian Union Budget for 2011 should focus on creating an outward/International M&A focused environment".

Budget wishlist: “Like to see more focus on infrastructure development”

Sat, 26 Feb 2011 02:05:50 GMT

Samson Arthur, GM (India), Quinn Group, says on budget expectations: “With Indian and global economies moving away from turbulent times and returning to normalcy, certain measures in Union Budget 2011-12 will aid speed-up the growth process".

Budget wishlist: “Extension of STPI scheme is anticipated”

Sat, 26 Feb 2011 01:57:33 GMT

Suman Reddy, Managing Director, Pegasystems Worldwide India (P) Ltd, says on budget expectations: “Fiscal consolidation, inflation and growth will form the core of issues for Budget 2011".

Budget wishlist: “Incentives IT startups and product companies required”

Sat, 26 Feb 2011 01:50:59 GMT

Ramesh Loganathan, VP - Products and Managing Director, Progress Software-India, says on budget expectations: “I would like to see incentives in the IT act for promoting new Software startups and Product companies based on intellectual property/original product creation".

Budget wishlist: “Take necessary steps to control the inflation”

Sat, 26 Feb 2011 12:46:16 GMT

Debasis Chatterji, CEO, Netxcell Limited, says on budget expectations: “The real challenge for the Honorable finance minister is to maintain the growth rate at around 8 per cent while controlling the inflationary pressure and keeping the money supply to the market intact".

Budget wishlist: “Rationalization of tax system needed”

Sat, 26 Feb 2011 12:34:45 GMT

Hemindra Hazari, Head of Research, Karvy Stock Broking says on budget expectations: “Simplification and Rationalization of the Contemporary Tax System would be on the wish list as the Government of India should not allow the deadlock on GST (Goods and Service Tax) to remain for an extensive period".

Whys ISRO’s EDUSAT commitment is a sham

Sat, 26 Feb 2011 11:06:22 GMT

India’s Space Research Organization and its non-profit arm for societal initiatives, the Ahmedabad-based Development and Educational Communication Unit (DECU),

Railway Budget is development driven: FAPCCI

Fri, 25 Feb 2011 06:39:16 GMT

Welcoming the Railway Budget 2011-12, Shekhar Agarwal, President, Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) complimented the Railways for their commendable accent on safety, modernization, capacity expansion, construction of new lines and low interest fund-raising.

Andhra Pradesh gets some new trains, a coach factory

Fri, 25 Feb 2011 06:27:31 GMT

Even though Railway budget train ferried most goodies to the Union Railway Minister Mamata Banerjee’s home state West Bengal, Andhra Pradesh is lucky enough to receive significant size of crumbs in the form of several new trains and a coach factory in the Railway budget presented on Friday.

Tata Motors to launch new BS IV version of Indica

Fri, 25 Feb 2011 05:31:11 GMT

Tata Motors on Friday announced that the Tata Indica will soon become India’s most fuel efficient car with an all new, BS4 compliant, CR4 diesel engine. The car will also have a host of other exciting features.

Tata Steel signs pact with SSI for TCP sale

Fri, 25 Feb 2011 05:26:48 GMT

Tata Steel UK Limited on Friday signed a definitive sale agreement to sell certain assets of Teesside Cast Products (TCP) to Sahaviriya Steel Industries UK Limited (SSI), a subsidiary of Thailand’s largest steel producer, in a deal valuing the business at $469 million.

Glenmark gets USFDA nod for anti-allergy tablets

Fri, 25 Feb 2011 04:15:49 GMT

Pharma major Glenmark said its US arm received final approval from the US health regulator to market generic Levocetirizine Dihydrochloride tablets used for treating allergies in the American market.

Infra sector needs Rs 41 lakh cr investment in 12th Plan

Fri, 25 Feb 2011 04:02:59 GMT

The infrastructure sector needs a whopping Rs 41 lakh crore investment in the 12th Plan period, the Economic Survey said on Friday, quoting a preliminary assessment made by the Planning Commission.

India's forex reserves 4th largest in world at $297.3 bn

Fri, 25 Feb 2011 03:57:30 GMT

The Economic Survey on Friday said India has the fourth largest foreign exchange reserves, which helped the nation to tide over global financial crisis. India's foreign exchange reserves touched $ 297.3 bn in December, 2010 from $ 279.1 bn in March.

Economic Survey bats for banking licences for industrial houses

Fri, 25 Feb 2011 02:38:03 GMT

Pitching for industrial houses wanting to set up banks, the Economic Survey on Friday said that they should be given banking licences to promote the goal of financial inclusion.

Economic Survey pegs GDP growth at 9 pc for FY12

Fri, 25 Feb 2011 02:17:39 GMT

Indian economy is poised to grow by 9 per cent in 2011-12 despite risks of global events like volatility in commodity prices, exacerbated by political turmoil in the middle east, according to Economic Survey. It pegged the economic growth at 8.6 per cent for the current fiscal.

Mamata presents Rs 57,630 cr Railways annual plan for FY12

Fri, 25 Feb 2011 01:17:27 GMT

Union Railway Minister Mamata Banerjee, who present Railway budget in the Parliament on Friday, said Railways would invest Rs presented Rs 57,630 crore during the financial year 2011-12. Railways will spend Rs 9,583 crore on new lines.

Cricket – Its mad…mad world

Fri, 25 Feb 2011 12:47:05 GMT

There is a saying…agar Hyderabad ko kisi cheez se pyar ho jata hai tho us ke liye who jaan be de deta hain….and the initial days of the ICC World Cup cricket has once again proved what Hyderabadi’s are

Kellogs launches new TVC campaign

Thu, 24 Feb 2011 08:08:51 GMT

New Kellogg’s Chocos, now made with Whole Grain, launches its new campaign featuring Karisma Kapoor.

Largest Samsung plaza opens in Hyderabad

Thu, 24 Feb 2011 08:00:19 GMT

Digital technology leader, Samsung India on Thursday inaugurated its largest Samsung Plaza in Hyderabad. Spread across 6000 sq ft area covering four floors, the showroom showcases the Company’s complete line-up of audio video, home appliance, mobile and IT products.

Anoo’s unveils World Cup theme-based Nail and Body art

Thu, 24 Feb 2011 07:44:02 GMT

Anoo’s - South India’s premier brand in salon and clinical services on a very special note to cheer the team India in the ICC World Cup, today unveiled this Season’s latest Sport’s Art trend.

Silver crosses Rs 50,000-per-kg mark, gold hits fresh highs

Thu, 24 Feb 2011 07:28:25 GMT

Gold prices which surged to hit a new peak, just fell short of an important psychological Rs 21,000 per 10 grams mark on the back of heavy buying by investors as well as stockists. Silver prices crossed the fancy Rs 50,000 per kg level responding to panic buying by savvy traders on Thursday.

Ascendas India Trust acquires five buildings in Hyderabad IT hub for Rs. 850 cr

Thu, 24 Feb 2011 07:27:40 GMT

Ascendas Property Fund Trustee Private Limited, the Trustee-Manager of Ascendas India Trust, on Thursday announced that it reached agreement with Phoenix Infocity Private Limited to acquire its portfolio of five buildings in Hitec City two Special Economic Zone, Hyderabad.

Apollo Cancer Hospital to host Cancer CI - 2011 conference

Thu, 24 Feb 2011 07:12:21 GMT

City-based Apollo Cancer Hospital, Hyderabad and CURE Foundation are jointly hosting the 4th biennial conference Cancer CI – 2011 at Hotel Taj Krishna, Hyderabad from February 25 to 27, 2011.

Creamline Dairy targets Rs 1,500 cr turnover by 2015

Thu, 24 Feb 2011 06:27:27 GMT

Creamline Dairy Products, which markets dairy products under the brand name of Jersey, has set a target to increase its turnover to Rs 1,500 cr in the next four years, from the current fiscal year projected turnover of Rs 600 cr. The company will kick off its silver jubilee celebrations on Friday.

Tally launches new ERP 9 Series for businesses

Thu, 24 Feb 2011 04:32:44 GMT

Tally Solutions, India’s leading business management software company, on Thursday announced the launch of Tally.ERP 9 Series ‘A’ Release 3.0, specifically designed for seamless business execution.

Pro cycling team Garmin-Cervélo appoints TCS as tech partner

Thu, 24 Feb 2011 04:30:21 GMT

Tata Consultancy Services, a leading IT services, business solutions and outsourcing firm was on Thursday appointed as official technology partner to the pro-cycling team – Team Garmin-Cervélo -for the racing season 2011.

Everonn’s launches Kenbridge School in Guntur

Thu, 24 Feb 2011 04:24:24 GMT

Spreading its wings to Andhra Pradesh, Everonn School Limited (ESL), a subsidiary of world’s largest V-SAT based education network company Everonn Education Limited, has joined hands with Guntur-based diversified company LEPL Projects Limited to launch its KenBridge Schools project.

Sensex plunges 512 points on budgetary concerns, global cues

Thu, 24 Feb 2011 04:19:30 GMT

Concerns ahead of budget session, political unrest in Libya, inflation and fears of hike in interest rates brought down the markets on Thursday.Bombay Stock Exchange’s Sensex closed at 17666.20, down 512.13 points or 2.82 per cent.NSE’s Nifty ended at 5279.05, down 158.30 points or 2.91 per cent.

Online cricket experience in a new form - www.alltimecricket.com launched

Thu, 24 Feb 2011 04:10:24 GMT

www.alltimecricket.com shows live cricket sores in a multilingual format to all the cricket fans. The site also provides a robust interactivity platform for its visitors and is in line to produce animated movies on cricketing events.

Real estate sales drags in Hyderabad

Thu, 24 Feb 2011 10:30:35 GMT

Residential sales in Hyderabad remained modest in 4Q10.Although the city witnessed many launches, sales did not pick up. Market sentiment, especially among investors, stayed low as political uncertainty persisted.The primary impact was on the residential and land segments.

Brighton signs with AP Govt for Nuclear Power Equipment plant

Wed, 23 Feb 2011 09:55:17 GMT

State Government and Brighton Equipment Corporation of USA on Wednesday evening signed a Memorandum of Understanding (MoU) for setting up of Rs.2900 cr Nuclear Power Equipment Plant at Nakkapally Village, Viskhapatnam district.

SIPB clears investment worth Rs.25,672 cr

Wed, 23 Feb 2011 09:44:56 GMT

State Investment Promotion Board (SIPB), which met under the chairmanship of the Chief Minister N Kiran Kumar Reddy on Wednesday cleared proposals for 25 industries worth Rs.25,672.43 crores with a direct employment potential of 41,406 and indirect employment of 1,20,000 in the State.

Volkswagen to launch new Passat BlueMotion in March

Wed, 23 Feb 2011 06:47:21 GMT

Volkswagen India will launch all new edition of Passat in India with BlueMotion technologies by March this year.It will be launched at the same time as the automaker's Think Blue campaign is introduced in the country and will feature start stop and brake energy recuperation.

Nuziveedu Seeds' founder chairman felicitated

Wed, 23 Feb 2011 05:22:13 GMT

NSL Group’s flagship company Nuziveedu Seeds Pvt. Limited (NSPL), founder chairman M Venkataramaiah was felicitated at the Indian Seed Congress (ISC) 2011 by Governor E S L Narasimhan.

Vodafone Essar bets big on its business solutions

Wed, 23 Feb 2011 04:46:10 GMT

Vodafone Essar, one of India’s leading cellular service providers, through its business solutions division, now offers total communications - wireline and wireless (voice & data) to its enterprise customers.

Bharti airtel, global telcos launch EIG for commercial use

Wed, 23 Feb 2011 04:25:55 GMT

Bharti airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa in collaboration with 16 other global telcos, Wednesday announced the launch of Europe India Gateway (EIG) cable system that will enhance diversity and capacity between Europe and India.

Wikileaks selling T-shirts online to raise funds

Wed, 23 Feb 2011 02:40:22 GMT

Wikileaks, facing financial troubles in the wake of its founder Julian Assange's legal cases, is now selling merchandise like T-shirts and coffee mugs online to raise money to keep itself afloat.Wikileaks has launched an online store that sells everything from T-shirts to teddy bears.

PeoplePerHour.com launches in India targeting SMEs

Wed, 23 Feb 2011 02:26:08 GMT

Europe’s biggest online marketplace for businesses - PeoplePerHour.com - has announced its launch in India. The site enables businesses to connect with a vibrant community of independent, reliable service providers (freelancers) based in over 150 countries worldwide.

AppLabs moves to new 2000 seat facility in DLF

Wed, 23 Feb 2011 02:22:56 GMT

AppLabs, the world's largest software testing and quality management company, on Wednesday announced that it has taken a new 2000 seat facility at DLF, SEZ in Hyderabad.

Indian temporary staffing industry maturing: TeamLease

Wed, 23 Feb 2011 02:08:18 GMT

TeamLease releases Temporary Salary Primer 2011; finds that the Indian temporary staffing industry is slowly maturing, with more sectors opening up to the phenomenon and skills and salaries finally being complemented

Rs. 150 coin to be released marking 150 yrs of I-T dept

Wed, 23 Feb 2011 01:53:54 GMT

For the first time in the country's minting history, the Government will be issuing coins of Rs 150, marking the number of years of taxation in India. The special coins will be released by Finance Minister Pranab Mukherjee before his Budget speech

Tanla powers Reliance’s 3G mobile video portal

Wed, 23 Feb 2011 01:49:46 GMT

Tanla Solutions on Wednesday announced the implementation of its 3G video platform with a suite content services including ongoing world cup cricket match videos for all Reliance 3G mobile subscribers across their presently live 6 circles in India.

PFC Infra bond issue to open on Feb 24

Wed, 23 Feb 2011 01:33:55 GMT

Power Finance Corporation Limited, one of the leading public financial institution dedicated to financing the power sector, will open its public Issue of infrastructure bonds on February 24, 2011. The issue will close on March 22,2011.

Andhra Pradesh budget at Rs 1,28,542 cr for 2011-12

Wed, 23 Feb 2011 12:49:36 GMT

Andhra Pradesh Finance Minister Anam Ramnarayana Reddy on Wednesday presented state annual budget for 2011-12 in the Assembly amid protests from some opposition parties and MLAs from YS Jaganmohan Reddy faction. The annual budget for the state was pegged at Rs 1,28,542 crore.

Nokia launches Ovi Store with Reliance Comm in India

Tue, 22 Feb 2011 06:42:19 GMT

Nokia and Reliance Communications on Tuesday announced first of its kind partnership by launching the India chapter of Ovi Store, Nokia's mobile application store. Reliance Communications will be

UN to remove Satyam, 18 other India firms from blacklist

Tue, 22 Feb 2011 04:52:38 GMT

The UN is ready to reinstate the 19 Indian firms suspended from bidding for its multi-billion dollar contracts since 2008, including Satyam Computer and the Tata group, as some of them suit the requirements best, said Warren Sach, UN assistant secretary general.

UNTITLED fund-raiser at Muse

Tue, 22 Feb 2011 03:36:17 GMT

A fund-raising art event will be conducted at 'Muse' art gallery in Hotel Marriott on February 26.

Ford India to launch new generation Fiesta in India in 2011

Tue, 22 Feb 2011 03:26:34 GMT

Ford's all-new, award-winning Fiesta is coming to India this year. This marks the first in a series of eight new global products that Ford plans to introduce in India by the middle of this decade.

Franchise India to host multi-city FRO Expo 2011 in Hyderabad

Tue, 22 Feb 2011 03:23:36 GMT

FRO Expo 2011, India's national franchise & retail show will be held in Hyderabad on February 26, 27, 2011 at the HICC.

Range Rover Ultimate Edition to debut at Geneva show

Tue, 22 Feb 2011 03:06:14 GMT

The most luxurious Range Rover ever is set to debut at the 2011 Geneva Motor Show. The new Range Rover Autobiography Ultimate Edition, a hand-finished exclusive addition, adds a handcrafted luxury interior, using specially selected soft feel natural leathers.

Muthoot Group to be team sponsor for Delhi Daredevils

Tue, 22 Feb 2011 03:01:38 GMT

Muthoot Group, an M George Enterprise, has come on board as the main team sponsor of the Delhi Daredevils for the Indian Premier League, the fourth edition of which is due to start on April 8, 2011.

Dr. Reddy's cardiovascular drug to enter phase-II trials

Tue, 22 Feb 2011 02:46:40 GMT

Drug-making giant Dr. Reddy's Laboratories Ltd will be taing its cardiovascular drug candidate into second phase of clinical trials, according to the company Chairman Dr. K. Anji Reddy. There werre only two companies - Roche and Merck - that were developing a drug akin to this.

Maruti Suzuki launches diesel version of SX4 sedan

Tue, 22 Feb 2011 02:32:42 GMT

Maruti Suzuki India, the country's largest car-maker, on Tuesday launched a diesel variant of its SX4 sedan at an introductory price of Rs 7.74-8.62 lakh (ex-showroom, Delhi).

Email & SMS Channel forms the baseline for 86% of marketers in India

Tue, 22 Feb 2011 01:12:42 GMT

With the growth in the digital medium and increasing penetration of mobile and broadband in India, 86% of leading marketers in India confirmed their use of e-marketing channel (Email & SMS) as the most vital client engagement platform.

DQE sells Italian Jungle Book rights to RAI DUE

Tue, 22 Feb 2011 12:35:26 GMT

DQE, the global entertainment production and distribution company, announced here on Tuesday that it signed an agreement for the exclusive broadcast and distribution rights for The Jungle Book 3D TV series in Italy to RAI DUE ("RAI 2"), an Italian television broadcaster.

Prime Minister announces JPC probe into 2G scam

Tue, 22 Feb 2011 12:26:24 GMT

Budging from their earlier stand, Prime Minister Manmohan Singh on Tuesday announced a Joint Parliamentary Committee (JPC) probe into the 2G spectrum allocation scandal. He said that the Government agreed for a JPC as the country could "ill afford" disruption of the crucial Budget session.

Dealivore expands to Mumbai

Tue, 22 Feb 2011 12:03:45 GMT

Daily deep discount provider, Dealivore.com, a fast growing innovative daily deep discount provider has entered Mumbai market after, its success 5 major cities in India, Hyderabad, Chennai, Bangalore, Pune and New Delhi.

SBI becomes signatory to the Carbon Disclosure Project

Mon, 21 Feb 2011 07:24:40 GMT

The country’s biggest lender, State Bank of India, has become a signatory investor to the Carbon Disclosure Project (CDP), a collaboration of over 550 institutional investors with assets under management of US $ 71 trillion.

NSPOT to launch MMTC pig iron e-auction

Mon, 21 Feb 2011 07:20:17 GMT

NCDEX Spot Exchange (NSPOT), the leading spot exchange of India is now set to focus on Non-Agri commodities and will be soon launching Pig Iron e-auctions with MMTC. MMTC is in the process of finalizing the contract terms to help them improve their existing trading mechanism using NSPOT markets.

Gayatri Projects bags Rs 544 cr order in Mizoram

Mon, 21 Feb 2011 07:14:59 GMT

Gayatri Projects Limited (GPL), the Hyderabad-based leading construction and infrastructure company, has secured a road project order worth Rs 544.75 crore from Mizoram Government.

How much is Child Poverty Costing India?

Mon, 21 Feb 2011 06:29:16 GMT

Illness, premature death, illiteracy, incomplete schooling – do these deprivations have a price tag attached? Is childhood spent in poverty and deprivation costing the country? The answer to this difficult question is, yes.

Amara Raja Group aims $25 billion turnover by 2025

Mon, 21 Feb 2011 06:02:35 GMT

Amara Raja Group, which unveiled its new logo on Monday to coincide with its silver jubilee celebrations, is targeting 50-fold jump in its turnover to $25 billion by 2025, from the current $500 million revenue it achieved last fiscal. The group will focus on high growth sectors to achieve the goal.

Reliance Industries signs $9 billion deal with BP

Mon, 21 Feb 2011 05:18:22 GMT

UK-based global oil giant BP Plc will buy 30 per cent stake in Reliance Industries' 23 oil and gas blocks including the giant KG-D6 gas fields off the east coast for $7.2 billion. BP could further pay $1.8 billion on “exploration success that results in development of commercial discoveries".

Fake profiles of PM, Sonia on Twitter, Facebook

Mon, 21 Feb 2011 05:02:15 GMT

There are a number of accounts in both Twitter and Facebook in the name of Sonia and the prime minister whose tweets from their fake accounts are based on alleged corruption in 2G spectrum allocation, S-band deal, Commonwealth Games and Adarsh Society.

Emphasise on business process, SMEs told

Mon, 21 Feb 2011 04:55:05 GMT

Raising the bar for a holistic growth of entrepreneurs from MSME segment, entrepreneurs from the MSME segment came together on the platform of SME Learning Series - 10-city road-show event organized by Small Enterprise India(dot)com.

Gaadi.com partners MIH Group

Mon, 21 Feb 2011 04:52:13 GMT

India's leading automotive site, Gaadi Web Pvt. Ltd on Monday announced a partnership with the MIH Group.

Kavya Muralidhar of Chirec Public School wins HDFC Life SpellBee Hyderabad round

Mon, 21 Feb 2011 04:31:52 GMT

Kavya Muralidhar from Chirec Public School battled it out with students from 60 schools to be crowned as the winner of the Hyderabad round of the ‘HDFC Life Spelling Bee - India Spells 2011,’ the Indian counterpart of the highly acclaimed Scripps National Spelling Bee, USA.

NAVTEQ renews contract with Mahindra Satyam BPO for two more years

Mon, 21 Feb 2011 04:16:48 GMT

Satyam Computer Services Ltd, a global consulting and IT services provider, announced here on Monday that its business process outsourcing arm, Mahindra Satyam BPO has renewed its existing contract with NAVTEQ – a global provider of digital map data – for a further period of two years.

Facebook enthusiasts exchange knowledge

Mon, 21 Feb 2011 09:00:27 GMT

Mindboggling presentations were made at a highly interactive seminar organized on ‘Facebook for your business’ on Sunday morning. Close to 100 active participants and Facebook enthusiasts embellished the sessions with their knowledge, doubts, responses and clarifications.

Facebook for your business training on Sunday

Sat, 19 Feb 2011 05:42:21 GMT

A small group of Facebook enthusiasts are getting together to offer training in numerous positive aspects of the world's most popular social networking site here on Sunday. Managing Director of Brio Factors group Allipuram Rajasekhar Reddy has taken the initiative to conduct the event.

Silver scales new high at Rs 48,700 on global cues

Sat, 19 Feb 2011 04:22:00 GMT

Silver prices hit a new peak on Saturday and rose by Rs 1,250 to Rs 48,000 per kg on frantic buying by jewellers and industrial units to meet the ongoing marriage season demand. Gold also extended gains for the fifth straight session and rose by Rs 25 to Rs 20,745 per 10 grams.

Experience cricket fever like never before at HyperCITY

Sat, 19 Feb 2011 04:01:50 GMT

With ICC World Cup 2011 underway, the whole of India is immersed in a color called 'cricket'. From homes to offices, from pubs to tea-stalls, conversations now focus only on fours, sixes and wickets! Hyd’s HyperCITY adds more flavour to this cricket festival as it turns into a cricket mela.

IIFL to embark on a major financial literacy drive

Sat, 19 Feb 2011 03:35:01 GMT

India Infoline (IIFL) Group, one of the largest homegrown integrated financial services provider as a part of its corporate social responsibility initiative, on Saturday announced the launch of the largest and most comprehensive financial education and awareness initiative, FLAME.

MapsofIndia launches White Pages

Sat, 19 Feb 2011 03:20:56 GMT

MapsofIndia, a compare infobase brand and industry leader in thematic mapping solutions, has launched White Pages, an online B2B platform enabling customers and suppliers to do business with each other. White Pages is India's fastest growing online B2B marketplace.

NIIT to hold 7th National IT Aptitude Test on Feb 26

Sat, 19 Feb 2011 03:14:10 GMT

NIIT, Asia's largest IT trainer, has announced country's largest IT Aptitude Test- the 7th National IT Aptitude Test (NITAT) - to enable students and graduates to calibrate their potential and aptitude for a career in the promising IT industry.

Indiamart.com partners with LII 2011 to boost SME Business

Sat, 19 Feb 2011 12:03:45 GMT

Foreseeing immense opportunities in the lighting industry for Micro, Small and Medium Enterprises (MSMEs), IndiaMART.com, India's largest online B2B marketplace, has decided to partner with Light India International 2011- the biggest lighting fair in India.

‘Indian pharma exports may grow 20 p.c this fiscal’

Fri, 18 Feb 2011 07:44:27 GMT

Indian pharma exports may witness a growth of 20 per cent during the current financial year, said PV Appaji, executive director, Pharmaceutical Export Promotion Council(Pharmexcell). The exports in the last fiscal stood at Rs 40,000 cr.India exports bulk drugs, herbal products and herbal extracts.

Uninor launches Sweet Treats privilege program

Fri, 18 Feb 2011 05:50:11 GMT

Uninor, a leading GSM service provider in Andhra Pradesh, on Friday launched a unique privilege program for its customers in the state. Called ‘Sweet Treats’ – this rewarding program can be availed by both existing and prospective customers.

Sensex sheds 295 points on profit booking

Fri, 18 Feb 2011 05:34:17 GMT

The five-day old pull-back rally came to an end Friday as traders booked profits near crucial resistance levels. All the sectoral indices ended in the red with realty, auto and oil&gas stocks being worst hit. Bombay Stock Exchange’s Sensex was at 18211.52, down 295.30 points or 1.60 per cent.

Pyro’s transaction hub platform powers Airtel OnLine Pay

Fri, 18 Feb 2011 04:40:26 GMT

City-based Pyro, a leader in providing innovative mobile technology solutions, has deployed the transaction hub platform for Airtel’s OnLine Pay - the world’s first mobile virtual card.n announcement was made on this at the Mobile World Congress, Barcelona, Spain, on Thursday.

Jaguar Land Rover to hire 2,000 in next two years

Fri, 18 Feb 2011 04:24:23 GMT

Tatas-owned Jaguar Land Rover on Friday said it would hire over 2,000 people within next two years to increase its headcount by over 11 per cent globally across different positions. The company plans to induct 400 people during this year in UK alone and started the process to recruit 280 graduates.

Set Max takes Rs 900 cr weather insurance cover for IPL 4

Fri, 18 Feb 2011 04:10:21 GMT

The broadcaster of the Indian Premier League, Multi Screen Media, Friday said it has taken an insurance cover against the possibility of bad weather disrupting matches during the fourth season of the T20 cricket league.The total cover value is Rs 900 crore.

Nakoda commences 5.25 MW wind power at Ratlam

Fri, 18 Feb 2011 02:30:53 GMT

Nakoda Limited, one of India’s largest players in the fully drawn yarn segment, has commenced its Wind Power project in Ratlam, MP.

SonicWALL expands virtualization offerings

Fri, 18 Feb 2011 01:33:52 GMT

SonicWALL, Inc, the leading provider of intelligent network security and data protection solutions, on Friday announced availability of the SonicWALL Secure Remote Access (SRA) Virtual Appliance and SonicWALL Aventail E-Class SRA Virtual Appliance.

India, Malaysia ink landmark trade pact

Fri, 18 Feb 2011 01:29:52 GMT

India and Malaysia on Friday signed a landmark pact that paves the way for freer flow of trade in goods and services, besides enhanced investment and economic cooperation between the two countries.

IBF Media to host cloud computing technology series

Fri, 18 Feb 2011 12:50:51 GMT

IBF Media will hold its cloud computing series of events at the Pride Hotel in Bangalore, India on February 22, 2011.

Food inflation falls to two-month low of 11.05 per cent

Thu, 17 Feb 2011 07:45:18 GMT

Food inflation fell to a two- month low of 11.05 per cent for the week ended February 5 as onions prices moderated and pulses became cheaper, prompting Finance Minister Pranab Mukherjee to assert that the rate of price rise will fall to a single digit in some time.

L&T Infra Finance to raise Rs 400 cr through infra bonds

Thu, 17 Feb 2011 07:38:54 GMT

L & T Infrastructure Finance Company Limited on Thursday announced its plans to raise Rs 400 crore through long term infrastructure bonds.

Servalakshmi Paper gets SEBI nod for IPO

Thu, 17 Feb 2011 06:40:35 GMT

Servalakshmi Paper Ltd, manufacturer of printing and writing paper as well as newsprint, has received SEBI nod for its proposed IPO.

Daimler launches BharatBenz range of trucks

Thu, 17 Feb 2011 06:32:52 GMT

Daimler, the world’s largest manufacturer of medium and heavy-duty trucks above 6 tonnes, on Thursday unveiled its exclusive new brand of trucks for the Indian market. The brand, BharatBenz, will offer Indian customers an entire range of trucks from 6 to 49 tonnes across various applications.

FIITJEE unveils USA UNIQUEST for US-bound students

Thu, 17 Feb 2011 05:52:40 GMT

FIIT-JEE, a test-preparing institute for entrance to the country’s most coveted engineering colleges, the Indian Institutes of Technology (IITs) and the largest coaching organisation in India, on Thursday unveiled USA UNIQUEST, an initiative of significance for students of IX, X and XI.

Honda India recalls 57,853 units of 'City' sedan

Thu, 17 Feb 2011 05:26:39 GMT

Japaneses automobile major Honda's Indian subsidiary Honda Siel Cars India (HSCI) on Thursday said it was recalling 57,853 units of its mid-sized sedan City in the country for replacing a faulty engine part.

Max New York Life introduces 'College Plan'

Thu, 17 Feb 2011 05:05:41 GMT

Max New York Life Insurance on Thursday announced the launch of "Max New York Life College Plan', a guaranteed money back child plan to help parents create a corpus and meet the fast increasing cost of higher education of their children.

Hyderabad, Bangalore and Pune ranked “Most Vibrant”

Thu, 17 Feb 2011 05:01:49 GMT

Bangalore, Hyderabad and Pune are the most vibrant cities among the top 50 cities in India (by population) on the AlphaWise City Vibrancy Index. Morgan Stanley announced the release of its latest AlphaWise Evidence Series report, on India Urbanization.

DQE signs apparel licensing deal with France's TV Mania

Thu, 17 Feb 2011 04:54:51 GMT

City-based DQE Entertainment (International) Ltd., the global entertainment production and distribution company, said it had signed a licensing agreement with TV Mania Gmbh through DQE's merchandizing agents in France, TF1 Enterprises. DQE will get 1 million Euro as royalty in 2 years.

Reliance Mutual Fund launches first SIP in gold

Thu, 17 Feb 2011 04:40:17 GMT

Reliance Mutual Fund, India’s largest fund house and part of Reliance Capital Limited, on Wednesday announced the launch of India’s first systematic investment plan (SIP) in gold through Reliance Gold Savings Fund.

Satyam settles class action lawsuits out of court for $ 125m, to sue Raju, PwC

Thu, 17 Feb 2011 04:29:31 GMT

The embattled Satyam Computer Services Ltd will sue its founder Ramalinga Raju and the erstwhile auditors of the company Price Waterhouse. The company entered into an agreement with the lead plaintiffs in the putative class action filed against it the United States District Court.

Google survey: 57 pc SMEs use websites as sales channel

Thu, 17 Feb 2011 04:03:17 GMT

Indian SMEs are reaping the benefits of using the Internet medium to grow their businesses. This was revealed by a study conducted by Google India to understand usage patterns and importance of online medium amongst the SMEs in India. Over 57 pc SMEs use their website as a sales channel

Fanta launches Fanta-Funmasters Hunt contest

Thu, 17 Feb 2011 03:37:40 GMT

Spreading a wave of fun and excitement this season, Fanta, the country's most preferred fruit-flavored sparkling beverage, has launched the ‘Fanta - Funmasters Hunt’, an exciting consumer engagement initiative to be rolled out in over 60 cities across 13 states across the country.

Rajiv Gandhi Airport ranked no.1 again

Thu, 17 Feb 2011 09:40:30 GMT

Hyderabad’s Rajiv Gandhi International Airport (RGIA) and Delhi’s Indira Gandhi International Airport (IGIA) have been ranked 1st and the 4th best airports in the latest ASQ rankings of the Airports Council International (ACI).

Switch on your AC from anywhere

Wed, 16 Feb 2011 08:29:04 GMT

MIRC Electronics Ltd. (ONIDA), leading consumer durables company unveiled the Pre cool range of air conditioners. So when you come home, you don’t wait for the AC to cool the room, but the AC can cool the room even before you come!

Google Chrome OS to be launched before year-end

Wed, 16 Feb 2011 08:20:20 GMT

Google search, which added 490 new features in 2010, is delivering more value to users by making search voice based and image based. "You don't have to type to search and it can be done based on images, portraits and landmarks," said Vinay Goel, country head, products of Google India.

Wipro Technologies expands Canadian operations

Wed, 16 Feb 2011 08:01:01 GMT

Wipro Technologies, the global consulting, system integration and outsourcing business of Wipro Limited , on Wednesday announced the inauguration of a new office in Mississauga, Ontario, as part of an expansion plan for its Canadian operations.

Riverbed appoints new Managing Director for India

Wed, 16 Feb 2011 07:57:09 GMT

Riverbed Technology, the IT performance company, announced on Wednesday that it has appointed Anil Batra as Riverbed’s Managing Director of India.

WiMAX Forum, BSNL to host network deployment workshop

Wed, 16 Feb 2011 07:51:52 GMT

WiMAX franchisees from across India will gather in New Delhi next week to learn best practices for deploying greenfield WiMAX networks.

Telenor Group passed 100 million subscribers in Asia

Wed, 16 Feb 2011 07:42:56 GMT

Telenor Group on Wednesday announced that it has passed more than 100 million subscribers in Asia. This milestone marks another significant achievement in Telenor Groups successful history in the region

2G spectrum scam: Anil Ambani meets CBI officials

Wed, 16 Feb 2011 07:34:08 GMT

Reliance Infocomm head Anil Ambani on Wednesday appeared at the CBI headquarters and remained with the agency officials for nearly two hours in connection with the probe in the 2G scam. Ambani's visit pertained to the agency seeking clarification on certain documents relating to Swan telecom.

Wrongdoers will not escape, says Prime Minister

Wed, 16 Feb 2011 07:24:58 GMT

Hit hard by corruption scandals, Prime Minister Manmohan Singh Wednesday said he had a job to do and was not quitting and promised that wrongdoers would not escape. He also said that the country would witness the next round of economic reforms soon.

25 lakh PCs shipped in last quarter of 2010, up 26% year-on-year

Wed, 16 Feb 2011 06:46:15 GMT

The overall India PC market sales touched 24.9 lakh units during the October-December 2010 quarter recording a 26 % year-on-year (October-December 2010 over October-December 2009) increase, but dropped 11% quarter-on-quarter (October-December 2010 over July-September 2010).

IDBI Federal launches new pension plan in Andhra Pradesh

Wed, 16 Feb 2011 05:40:13 GMT

IDBI Federal Life Insurance, a joint venture of IDBI Bank, Federal Bank and Europe-based insurance major Ageas, on Wednesday launched Retiresurance Guaranteed Pension Plan, a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities.

Health insurance premium doubles to Rs 7,800 cr

Tue, 15 Feb 2011 06:34:47 GMT

Boosted by rising number of customers, premium collection by health insurance firms almost doubled to Rs 7,803 crore in the last fiscal year-on-year, even as claim payments shot up. Premium collection in 2008-09 was Rs 3,976 crore. Similarly, the number of policy holders too increased to 68,84,687.

Ista Hyderabad appoints Gautam Chaudhry as Executive Chef

Tue, 15 Feb 2011 06:26:02 GMT

Ista Hyderabad, the flag ship five-star business hotel promoted by New Delhi-based IHHR Hospitality Pvt Ltd, announced the appointment of Chef Gautam Chaudhry as their new Executive Chef at the hotel. In his role, he will oversee the culinary operations at Ista Hyderabad.

Microsoft CEO assures of better Windows Phone with Nokia support

Tue, 15 Feb 2011 05:47:50 GMT

Microsoft Corp Chief Executive Steve Ballmer promised a Windows Phone update soon with more powerful web graphics, and said new partner Nokia would supply "absolutely phenomenal" handsets. The company said it is targeting for a significant volume of Nokia Windows phones.

Tata Motors plans exclusive Fiat showrooms for better sales

Tue, 15 Feb 2011 05:38:42 GMT

Tata Motors on Tuesday said it was redrawing distribution plans of its joint venture with Fiat as sales number of the Italian carmaker were not up to expectations. As part of the plan, Fiat would now have its own independent brand showroom to showcase its products.

Accel Frontline partners with Sweden’s Inswedco AB

Tue, 15 Feb 2011 05:19:34 GMT

Accel Frontline Limited, one of India’s most experienced systems integrators, has entered into a partnership with Inswedco AB of Sweden to offer on-site and off-shore technology professional services to the Scandinavian market.

Ericsson powers Reliance Comm’s new application store

Tue, 15 Feb 2011 04:33:15 GMT

India’s leading operator Reliance Communications selected Ericsson’s eStore platform for its new application store, Reliance App World. The application store will be in line with Reliance’s vision to position itself as an innovative leader.

IL&FS Engineering and Construction posts Rs 12 cr net in Q3

Tue, 15 Feb 2011 04:19:57 GMT

IL&FS Engineering and Construction Company Ltd, formerly Maytas Infra Ltd, on Tuesday reported Rs 12 crore net profit for the quarter ended December 31, 2010, as compared to a net loss of Rs 55.34 crore a year ago. The company posted net sales of Rs.214.92 crore for the quarter.

Tata Motors lobal sales up 16 pc in January

Tue, 15 Feb 2011 02:28:54 GMT

Tata Motors Ltd said on Tuesday its global vehicle sales rose 16 per cent in January to 98,998 units. Jaguar and Land Rover sales rose 25 per cent to 20,377 units, driven by a 30-per cent rise in Land Rover sales. Tata bought JLR from Ford Motor Co for $2.3 billion in 2008.

ETS reports GRE test volumes hit all-time high

Tue, 15 Feb 2011 12:58:06 GMT

Following a record-breaking year in 2009, Educational Testing Service (ETS) is reporting continued momentum in 2010 as volumes for GRE tests hit an all-time high.

Sri Lanka taps Virtusa to build country-wide web portal

Tue, 15 Feb 2011 12:35:53 GMT

Vir tusa Corporation on Tuesday announced that it developed an innovative web portal and supporting middleware service integration platform for Sri Lanka's Information and Communication Technology Agency (ICTA).

Wipro launches advanced digital content monetization solution

Tue, 15 Feb 2011 12:02:35 GMT

Wipro Technologies on Tuesday announced the launch of Wipro COMET, the advanced digital content monetization solution which will enable media and telecommunications service providers to roll out new content services.

Naturals launches June Jacobs facial in Hyderabad

Mon, 14 Feb 2011 10:27:46 GMT

Naturals Family Salon has launched June Jacobs’ Rejuvenation Facial - a global brand for the first time in India. Tiffany Cavallaro, Senior Vice President, Sales & Marketing, June Jacobs Spa Collection was at the Naturals salon in Banjara Hills, Road 3.

Mahindra Satyam foresees homecoming of seniors, clients

Mon, 14 Feb 2011 10:24:14 GMT

Some business leaders are planning to return to Mahindra Satyam, even as the company has put on hold its plans to merge Tech Mahindra with the Hyderabad’s software bellwether. By June 19, 2012, the company would bring back its margins on a par with the peers or more than the industry standard.

Piaggio launches mini cargo vehicle

Mon, 14 Feb 2011 09:51:07 GMT

The apé miniis a strategic initiative from Piaggio to further expand its share of the half tonne market where the Company is already an undisputed leader with its apé 3-wheeler – a vehicle that is today synonymous with the 3-wheeler category.

Tata launches 3 aerospace manufacturing units

Mon, 14 Feb 2011 09:28:11 GMT

The Tata group conducted the groundbreaking ceremony for three new Aerospace manufacturing units -- Tata Lockheed Martin Aerostructure, Tata Aerospace Systems, a JV between Tata Advanced Systems and Sikorsky Aircraft; and Nova Integrated Systems, a Tata enterprise

Reliance Communications profit down 55 pc at Rs 526 cr

Mon, 14 Feb 2011 07:02:31 GMT

Reliance Communications (RCOM) on Monday posted a decline of 54.84 per cent at Rs 525.99 crore in its net profit for the quarter ended on Dec 31, 2010, from Rs 1,108 crore a year ago. The revenues were down by 7.9 per cent at Rs 4,864.98 cr in Q3 from Rs 5,283.57 crore a year ago.

Natco Pharma Q3 net up 13 pc to Rs 13.72 cr

Mon, 14 Feb 2011 06:53:33 GMT

Natco Pharma on Monday said its consolidated net profit rose by 13 per cent to Rs 13.72 crore for the quarter ended December 31, 2010, from the same period last fiscal. The company had posted a consolidated net profit of Rs 12.14 crore in the corresponding period previous fiscal.

Gati Transport Solutions strengthens its rail network

Mon, 14 Feb 2011 06:35:44 GMT

Gati Transport Solutions (GTS), a division of express cargo company Gati Ltd, received the new route parcel train service at Vapi. The new route service is available from Erode- Chennai- Jogeshwari – Vapi and will be back loaded from Vapi to Chennai - Erode.

Gayatri Projects net up 15 pc at Rs. 17.72 cr in Q3

Mon, 14 Feb 2011 06:28:03 GMT

ayatri Projects Limited (GPL), city-based leading infrastructure company, has posted a net profit of Rs. 17.72 crore for the quarter ended December 31, 2010, as compared to Rs. 15.35 crore in corresponding period last fiscal, registering an increase of 15.48 per cent.

Bharti AXA General Insurance unveils road aide assistance

Mon, 14 Feb 2011 06:13:09 GMT

Bharti AXA General Insurance partnered with AXA Assistance, a subsidiary of the AXA Group, to offer road-side assistance network across 1,500 locations in 22 states. Bharti AXA General Insurance road side assistance is an add-on cover.

Tata forms JV with Lockheed Martin for aerostructures

Mon, 14 Feb 2011 05:44:39 GMT

Lockheed Martin Corporation and Tata Advanced Systems, on Monday announced the formation of a new joint venture company - Tata Lockheed Martin Aerostructures - which will manufacture aerostructures for the C-130 aircraft produced by Lockheed Martin.The new joint venture is export-oriented.

MTS partners with Meru Cabs to roll out high speed mobile internet

Mon, 14 Feb 2011 05:23:42 GMT

Sistema Shyam TeleServices Limited (SSTL) on Monday announced the launch of a unique initiative for passengers traveling by Meru Cabs in New Delhi and Mumbai. The company plans to launch similar services in other major towns including Chennai, Kolkata, Bengaluru and Hyderabad.

Jigsee gets series-A funding from Indian Angel Network

Mon, 14 Feb 2011 01:48:28 GMT

Jigsee Inc., a leading provider of adaptive video streaming technology for wireless devices in developing countries, on Monday announced that it received Series A funding from the Indian Angel Network, India's largest and only national network of business angels investing in start-ups.

Mahindra Satyam appoints Vasant Krishnan as CFO

Mon, 14 Feb 2011 12:15:57 GMT

Mahindra Satyam announced the appointment of Vasant Krishnan, as its new Chief Financial Officer effective March 1, 2011. Mr. Krishnan is a Chartered Accountant with over 25 years experience and presently with Mahindra & Mahindra Limited as Sr. Vice President.

Mahindra Satyam posts Rs 59 cr net in Q3, up 153 pc QoQ

Mon, 14 Feb 2011 11:53:44 GMT

Mahindra Satyam on Monday posted a net profit of Rs 59 crore for the quarter ended December 31, 2010, up 153 per cent from the net it posted in the second quarter ended on September 30 last year.The revenue was up 2.97 per cent QoQ to Rs 1,279 crore. The operating profit was at Rs 82 crore.

Yoga still to be adopted by corporate India

Sun, 13 Feb 2011 03:44:33 GMT

In an interesting finding, a survey has said that yoga , Art of Living techniques and meditation - the most popular preventive forms of healthcare - are yet to attract corporate India for blending them in their comprehensive employee healthcare benefit strategies.

Constello London to offer anytime replacement of clothes

Sun, 13 Feb 2011 03:39:10 GMT

Constello London, a brand from NSL Textiles, opened its franchisee edition of store at Dilsukhnagar in the city on Sunday. The unique selling proposition of this shop is to provide replacement anytime, according to Akashdeep Sandhu, COO, Constello.

Aviation segment to absorb $ 120 bn investment: PM

Sat, 12 Feb 2011 08:55:23 GMT

Highlighting the unprecedented growth being witnessed by the country in air transport, Prime Minister Manmohan Singh on Saturday said the sector was projected to absorb investment of over $ 120 billion in the coming years.The Centre was moving on a mission-mode for creating modern infrastructure.

‘Indian market isn’t matured enough for Cadillac cars’

Sat, 12 Feb 2011 08:34:09 GMT

General Motors India did not see much of a success till it entered into compact segment 2 yrs ago. Its market share here is still under 5 pc even after 14 yrs of presence.Will it launch an Alto rival to increase market share? Will it bring Cadillac to make a mark in booming luxury auto sector?

Castrol signs on Brett Lee as brand ambassador

Sat, 12 Feb 2011 04:51:45 GMT

Castrol India on Saturday announced the signing of Australian speedster Brett Lee as their global brand ambassador for the next two years.

GM India launches Chevrolet Beat LPG in Andhra Pradesh

Sat, 12 Feb 2011 04:31:01 GMT

General Motors India, which markets Chevrolet brand of vehicles in the country, on Saturday, released a new variant of Chevrolet Beat that runs on LPG, in addition to petrol. Priced from Rs 4.18 lakh (Ex Showroom, Hyderabad), the LPG hybrid of Beat hatchback is offered in LS and LT trims.

Tri Valley students must be absorbed in other US varsities: S.M.Krishna

Sat, 12 Feb 2011 03:23:37 GMT

India said that the Indian students of California-based Tri Valley University , which had been shut down on charges of massive visa fraud, should be absorbed into other US universities and not victimised, said External Affairs Minister S M Krishna.

Hosni Mubarak steps down, flees Egypt, Army in control

Sat, 12 Feb 2011 10:24:15 GMT

Egyptian President Hosni Mubarak has stepped down and the vice president has named a military council to run the country's affairs, state television said on Friday after 18 days of mass protests against his rule.

SBI revises base rate by 25 bps to 8.25 per cent

Fri, 11 Feb 2011 07:46:19 GMT

The State Bank of India (SBI) has revised the base rate upwards by 25 basis points from 8 per cent to 8.25 per cent per annum effective from February 14, 2011.

Microsoft’s DreamSpark Yatra comes to Hyderabad

Fri, 11 Feb 2011 06:30:18 GMT

Microsoft Student Partners on Friday organized the Hyderabad leg of the DreamSpark Yatra 2011 - a platform to share information with students on the latest trends and technology with an aim to create a local ecosystem of technology enthusiasts.

Tata Motors net up 2.46 pc at Rs 410 cr in Q3

Fri, 11 Feb 2011 05:35:47 GMT

Auto major Tata Motors on Friday reported a 2.46 per cent increase in its net profit for the third quarter ended December, 31 2010 at Rs 410 crore.The company had posted a net profit of Rs 400.14 crore in the same period last fiscal.

Ramky Infra posts Rs 46.51 cr net in Q3, up 94 pc

Fri, 11 Feb 2011 04:46:16 GMT

City-based Ramky Infrastructure on Friday reported a net profit of Rs. 46.51 crore for the quarter ended December 31, 2010, a growth of 93.83 per cent as compared to Rs. 23.99 crore it posted in the same period of last fiscal.The company’s net sales were Rs. 835.62 crore during the quarter.

Volkswagen Group India introduces technical education program

Fri, 11 Feb 2011 04:11:01 GMT

Volkswagen Group India, in its commitment to create employable talent for the industry, introduced the Volkswagen Group Technical Education Program (VG-TAP) at the Marathwada Mitra Mandal’s Polytechnic in Pune on Friday.

Priyadarshini posts Rs 2.26 cr net in Q3

Fri, 11 Feb 2011 03:58:09 GMT

City-based Priyadarshini Spinning Mills Ltd, a leading producer of Polyester/viscose blended yarn manufacturing from counts of 20s to 76, on Friday reported Rs 2.26 crore profit for the quarter ended December 31, 2011, as against a net loss of Rs 1.2 crore in the corresponding period last fiscal.

ESPN STAR to broadcast live India’s World Cup warm-up games

Fri, 11 Feb 2011 03:39:48 GMT

ESPN STAR Sports, ICC's Global Broadcast & Production Partner, will broadcast live India's preparatory matches against Australia and New Zealand as the team in blue gets ready for the ultimate battle in Cricket supremacy - the ICC Cricket World Cup 2011.

IOB launches 9 new branches in Andhra Pradesh

Fri, 11 Feb 2011 02:40:54 GMT

Indian Overseas Bank (IOB), a leading public sector bank on Thursday commenced its platinum jubilee year celebrations to mark the beginning of 75th year of its operations at a grand ceremony in New Delhi.

Why SatCom is so important

Fri, 11 Feb 2011 01:42:32 GMT

The attempts of the ISRO, the Space Commission and ANTRIX -- to jointly ‘sneak under the radar’ of public scrutiny, so to speak, a cosy arrangement with a private enterprise seemingly run by its own “alumni “, has been stopped by the timely expose in The Hindu group of newspapers.

RAK ceramics unveils Elite range of tiles

Fri, 11 Feb 2011 01:37:18 GMT

RAK Ceramics, world’s no. 1 ceramic tiles manufacturer, with its launch of RAK Elite series in India has transformed the way one will shop for ceramic tiles. A collection inspired by nature’s beauty, RAK’s Elite series symbolizes all the classical elements of the universe.

Gayatri unit gets Rs 364 cr funds from Sembcorp

Fri, 11 Feb 2011 12:51:49 GMT

City-based Gayatri Projects Ltd said on Friday Singapore's Sembcorp Industries infused the first tranche of Rs 364 crore for a 49 per cent stake in its subsidiary Thermal Powertech Corp , which is setting up 1,320 MW plant in Andhra Pradesh.

IIP plummets drastically to 1.6 p.c.

Fri, 11 Feb 2011 12:06:42 GMT

Industrial growth slowed even further to a dismal 1.6 per cent in December, 2010, from 18 per cent in the same period a year ago due to the poor performance of the manufacturing sector.In November, 2010, the Index of Industrial Production (IIP) had expanded by a meagre 2.7 per cent.

CAE opens new aerospace and defence complex in India

Fri, 11 Feb 2011 11:19:06 GMT

CAE officially inaugurated its new aerospace and defence complex in Bangalore today in the presence of representatives of India's airlines and defence forces, Canada's High Commission to India, as well as company executives and employees.

Tapsi entertains BIG FM audience for Valentine's Day season

Thu, 10 Feb 2011 08:44:23 GMT

92.7 BIG FM, Hyderabad’s leading FM station in its endeavor to always entertain Hyderabadi’s with maximum music, maximum Tollywood, today had Tollywood’s current sensation Taapsi coming to their studios. The show name is aptly christened as “Vaaraaniki oka star guest, BIG FM lo arrest!!

This Valentine Day, send a surprise gift your lover

Thu, 10 Feb 2011 08:37:33 GMT

Makemygiftz.com, the online gift portal of Gati unveils an array of romantic valentine gifts.

Sundeep Malhotra chosen best CEO by Reid & Taylor

Thu, 10 Feb 2011 08:31:53 GMT

Mr. Sundeep Malhotra, CEO, HomeShop18 - India's first and leading home shopping channel has been conferred the CEO of the Year Award 2011 at the 7th edition of the coveted Reid & Taylor Awards for Retail Excellence - a part of Asia Retail Congress.

Lanco to earmark Rs 3,000 crore for solar power foray

Thu, 10 Feb 2011 07:59:34 GMT

Lanco Solar Holdings, Singapore, unveiled its solar plans and announced that it would earmark Rs 3,000 crore for its foray into solar power segment. The company is implementing fully integrated business strategy as a developer of solar farms, EPC contractor and also integrated manufacturer.

OnMobile brings Karaoke to mobile, social networks

Thu, 10 Feb 2011 07:10:50 GMT

OnMobile on Thursday announced Karaophone – an innovative service that allows users to play karaoke with their social networks via mobile or landline phones. The service represents a significant step in the convergence of entertainment and social networks.

Indian Oil net up 134 pc at Rs 1,634 cr in Q3

Thu, 10 Feb 2011 05:46:38 GMT

Indian Oil Corporation (IOC) on Thursday reported an over two-fold jump in net profit to Rs 1,634 crore for the quarter ended December 31, 2010. Net profit was up 134.7 per cent to Rs 1,634.76 crore in the October-December quarter from Rs 696.59 crore in the same period a year ago.

Microsoft India Chairman Ravi Venkatesan resigns

Thu, 10 Feb 2011 05:30:25 GMT

Software major Microsoft on Thursday said that Ravi Venkatesan, Chairman and Corporate Vice President of its India operations has resigned. Venkatesan has decided to pursue opportunities outside Microsoft, the company said in a statement.

Kamdhenu Paints plans expansion of its product range

Thu, 10 Feb 2011 04:50:03 GMT

Kamdhenu Paints, the paint division of Kamdhenu Ispat Limited (KIL), which brought its dealers on a 3 day-long corporate tour from February 8 to 11, 2011 to the Ramoji Film City, announced its plans to expand its product range.

BMW India sells 500 cars in Jan, up 46.63 pc

Thu, 10 Feb 2011 04:30:31 GMT

After retaining the numero uno position for two consecutive years in the Indian luxury car market, BMW has begun 2011 with sales of 500 units in January.

BGR Energy net doubles in Q3 at Rs 87.55 cr

Thu, 10 Feb 2011 03:48:06 GMT

BGR Energy Systems Ltd posted third-quarter net profit of Rs.87.55 crore, surged by 109 per cent from the Rs.41.91 crore in the corresponding quarter of the preceding year. Total revenue increased by 97 per cent to Rs.1,258.56 crore from the Rs.638.88 crore for the quarter ended December 31, 2009.

MIAL launches new look Mumbai's Shivaji Airport website

Thu, 10 Feb 2011 02:59:19 GMT

As a part of its overall efforts to provide passengers with better accessibility and convenience, Mumbai International Airport Pvt. Ltd. (MIAL) announced the launch of a revamped official website for Chhatrapati Shivaji International Airport (CSIA) - www.csia.in.

Tetra Pak to set up new packaging material plant in India

Thu, 10 Feb 2011 02:43:53 GMT

Tetra Pak, the world’s leading processing and packaging company, on Thursday announced it will be setting up a new world-class packaging material factory in India at Chakan, near Pune in Maharashtra. The total investment in the new factory will be around Rs 600 crore.

Medwin Heart Foundation to host Prevent India 2011

Thu, 10 Feb 2011 01:57:55 GMT

Medwin Heart Foundation will host the 3rd edition of Prevent India program in Hyderabad on February 19, 20, 2011.

FACCI’s certificate course in “Indirect Taxation Management”

Thu, 10 Feb 2011 01:10:30 GMT

Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is conducting a certificate course in “Indirect Taxation Management” from February 21 to 24, 2011, from 4 pm to 6 pm, at JS Krishna Murthy Hall, Federation House, FAPCCI, Red Hills, Lakdi-Ka-Pul, Hyderabad.

Food inflation falls to 13 pc as pulses turn cheaper

Thu, 10 Feb 2011 12:56:29 GMT

Food inflation fell to a seven week low 13.07 per cent for the week ended January 29 as pulses turned cheaper, even as vegetables remain costly. Snapping the two week rising trend, food inflation fell nearly 4 percentage points in the week from 17.05 per cent in the week ended January 22.

NTPC chosen as most respected company in power sector

Thu, 10 Feb 2011 12:50:00 GMT

National Thermal Power Corporation (NTPC), the largest power utility in the country, has been bestowed the honour of being most respected company in power sector for the year 2011 by Businessworld.

GMR Infrastructure reports 22.25 crore loss in Q3

Thu, 10 Feb 2011 12:33:28 GMT

GMR Infrastructure on Thursday reported a net loss of Rs 22.25 crore for the quarter ended December 31, 2010. The company posted a net profit of Rs 9.20 crore in the corresponding quarter last fiscal. The company attributed losses to sharp rise in interest rates and increase in depreciation.

Jagan follows dad's footsteps, literally

Wed, 09 Feb 2011 08:34:51 GMT

Jagan is on a three-day padyatra from Ravulapalem to Polavaram to demand implementation of the Polavaram project. A project that is mired in controversy, thanks to political objections from Telangana and environmental concerns from Orissa and Chhattisgarh.

Kellogg re-launches Kellogg’s Chocos with whole grain

Wed, 09 Feb 2011 07:27:54 GMT

Kellogg, the world’s leading producer of ready-to-eat cereals, is re-launching Kellogg’s Chocos, which now is made with Whole Grain.

HDFC invests in Indus World School chain

Wed, 09 Feb 2011 07:19:03 GMT

Housing Development Finance Corp. (HDFC), India’s leading mortgage provider, has agreed to pick up a stake in Indus World Schools, a chain promoted and run by Career Launcher (CL), a leading and diversified education company in India.

Daikin India introduces 20 new air-conditioning products

Wed, 09 Feb 2011 07:15:28 GMT

Daikin Air-conditioning India Pvt. Ltd., a 100 per cent subsidiary of Daikin Industries Ltd., Japan, is all set to heat up the air-conditioning market in the country with a slew of innovative range of 20 new products across residential, light commercial & commercial segments.

Equitas Micro Finance to foray into housing finance

Wed, 09 Feb 2011 07:04:31 GMT

Equitas Micro Finance India P Ltd, which has microfinance operations in seven states including Andhra Pradesh, will soon foray into housing finance sector. The company has recently received license to offer housing loans, according to H K N Raghavan, National Business Head Equitas Micro Finance.

Airtel digital TV records the fastest 5 million customers

Wed, 09 Feb 2011 06:58:16 GMT

airtel digital TV-the DTH service from Bharti airtel on Wednesday announced that it crossed the milestone of 5 million customers on its platform.

Microsoft to launch Windows Phone 7 mobile platform, bing in India by year-end

Wed, 09 Feb 2011 06:37:36 GMT

Microsoft will be launching its Windows 7 mobile phone platform and its search engine, 'Bing', before the end of this year, though no specific date has been finalised, according to Microsoft India Development Centre (MSIDC) Managing Director Amit Chatterjee.

French automaker Peugeot Citroen plans re-entry into India

Wed, 09 Feb 2011 05:39:18 GMT

Europe's second largest car-maker PSA Peugeot Citroen on Wednesday announced plans to re-enter the Indian market with a mid-sized sedan, ten years after it made an exit from the country. The French company will set up a plant to manufacture the vehicle locally, but is yet to zero in on location.

Fire in Tata Group's headquarters Bombay House kills 3

Wed, 09 Feb 2011 01:53:40 GMT

Three persons were killed on Wednesday and another injured after a major fire broke out at the Bombay House building, housing the Tata Group offices in South Mumbai. The fire broke out at around 9.20 am in the basement of building. The cause of the fire is yet to be known.

Bell Helicopter delivers first 429 into India

Wed, 09 Feb 2011 01:33:08 GMT

Bell Helicopter, a Textron Inc. company, on Wednesday announced the first delivery of a Bell 429 helicopter to a customer in India. The announcement took place at the biennial Aero India air show where the company has the aircraft on display.

Symantec releases Data Loss Prevention 11

Wed, 09 Feb 2011 01:26:47 GMT

Symantec Corp on Wednesday announced it would offer Symantec Data Loss Prevention 11, which would focus on simplifying the detection and protection of enterprises’ most valuable information – their intellectual property.

Rotary Club of Hyderabad East to donate 3,000 school desks

Wed, 09 Feb 2011 07:37:25 GMT

Rotary Club of Hyderabad East and Rotary International Dist 3150 (consisting of 93 Rotary clubs in twin cities, Telangana and Guntur, Prakasam Dists.) will be donating 2,950 school desks worth Rs. 60 lakh to 83 government schools in twin cities, Ranga Reddy, Medak and Nalgonda districts.

AN Capital Markets opens branch in Hyderabad

Wed, 09 Feb 2011 07:31:50 GMT

AN Capital Markets Ltd. has opened its regional office for South India in Hyderabad, on Tuesday at Lakdika Pul. The regional office inaugurated by Ashok Tibrewal, Ex-President of Agrawal Samaj.

UK’s EThames Graduate School opens its first India Campus

Tue, 08 Feb 2011 08:57:56 GMT

EThames Graduate School, UK, one of London’s leading independent higher education colleges, on Tuesday inaugurated its India Campus at Hyderabad.

SKS urges AP Govt to withdraw Microfinance Act

Tue, 08 Feb 2011 08:50:01 GMT

Dr Vikram Akula, Chairperson, SKS Microfinance Limited, on Tuesday urged the Andhra Pradesh government to withdraw Andhra Pradesh Microfinance Institutions Act as the RBI committee on microfinance headed by Y H Malegam put forth seven reasons for such a step.

ICICI Bank, Aircel sign MoU for financial inclusion

Tue, 08 Feb 2011 08:30:55 GMT

ICICI Bank Ltd, India’s largest private sector bank and Aircel, one of the leading mobile network operators in India, on Tuesday announced a joint initiative to drive financial inclusion in the country.

Premier Solar inks pact with German firm for PV modules

Tue, 08 Feb 2011 08:22:35 GMT

City-based Premier Solar Systems (P) Ltd on Tuesday signed a pact with Germany-based SCHOTT Solar for supply of 2 lakh SCHOTT ASI photovoltaic modules. The modules will be used for setting up solar power plants of 20 MW over the next two years.

BioAsia 2011 CEO conclave to attract best in industry

Tue, 08 Feb 2011 08:19:12 GMT

The eighth edition of BioAsia, BioAsia 2011: The global bio-business forum, which will be held at HICC in Hyderabad from February 21 to 24, 2011, is set to bring best of the industry together.

JantaKhoj.com sees big opportunity in background checks

Tue, 08 Feb 2011 08:15:06 GMT

IT companies are looking at various specifications in the verification category and India's biggest people seacrh portal, www.jantakhoj.com, is poised to provide the necessary background check services to its clients.

IIFCL to raise Rs 1,200 cr from infrastructure bond issue

Tue, 08 Feb 2011 07:50:30 GMT

India Infrastructure Finance Company (IIFCL), a Government of India entity set up for providing financial support to long-term infra projects , is going for a public issue of long term infrastructure bonds to raise upto Rs 1,200 crore. The issue opens on Feb 4 and closes on March 4, 2011.

Global defense firms vie for India's $11 bn order at Bangalore Air Show

Tue, 08 Feb 2011 07:00:06 GMT

Global defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products at India's biennial air show and fight it out for one of the largest export orders in the history of defense.

Hyundai to launch six models, ad spend to be pegged at Rs. 200 cr

Tue, 08 Feb 2011 04:00:49 GMT

Hyundai Motor India on Tuesday said it will launch at least six new models in the next three years as it looks to enhance its position in the domestic car market.The company will also be spending Rs 200 crore in the next five years on advertising and promotions.

Right Choice launched in Hyderabad, to help consumers

Tue, 08 Feb 2011 03:58:02 GMT

Right Choice, published by the Europe's most popular publishing house, 'Which?', launched its maiden edition from Hyderabad. The magazine would sell all over the country. The price tag attached is Rs. 100, for there are no advertisements in it.

MIC Electronics posts Rs 14 cr net in Q2, down 34 pc

Mon, 07 Feb 2011 07:19:17 GMT

MIC Electronics Limited, a leader in design, development & manufacturing of LED Lighting and LED Displays systems, on Monday posted a net profit of Rs 14.26 crore for quarter ended December 31, 2010, as against Rs 21.54 crore in the same period a year ago, a fall of 34 per cent.

Lanco Infratech posts Rs 164 cr net in Q3, up 53.5 pc

Mon, 07 Feb 2011 07:04:09 GMT

Lanco Infratech on Monday reported a net profit of Rs 164.03 crore for the Q3 ended Dec 31, 2010, up 53.5 per cent from Rs 106.84 crore in the same quarter a year ago.The company posted Rs 1,561.45 crore revenue during the Q3, as compared to Rs 1,612.76 crore in the same quarter a year ago

Tata Docomo launches ‘Name Tunes’

Mon, 07 Feb 2011 06:27:52 GMT

Adding a new feather to the call me tunes service and doing the new each time, Tata Docomo, the GSM brand of Tata Teleservices on Monday announced the first of its kind service in the telecom VAS space called Name Tunes.

Cognizant reports $1.31 billion revenue in Q4, up 45 p.c.

Mon, 07 Feb 2011 05:59:19 GMT

Cognizant Technology Solutions Corporation, a leading provider of IT, consulting, and business process outsourcing services, on Monday said its fourth quarter revenue ending December 31, 2010 rose to $1.31 billion, up 45.2 from the year-ago fourth quarter amount of $902.7 million.

Cognizant to invest Over $500 million in India

Mon, 07 Feb 2011 05:02:56 GMT

Cognizant has announced plans to further expand its real estate construction program in India.

Volkswagen Group India receives 39 auto awards

Mon, 07 Feb 2011 03:56:26 GMT

Volkswagen Group India began 2011 on a successful note by winning a total of 30 awards at 8 recently held Auto Awards ceremonies.

Religare Technologies unveils free healthcare assistance service

Mon, 07 Feb 2011 03:43:56 GMT

Religare Technologies, a leading healthcare technology companies, on Monday, launched HealthLine 24x7 - India's first phone-based and web-based healthcare information assistance service.

BHEL signs pact with Spanish firm for solar projects

Mon, 07 Feb 2011 03:33:54 GMT

Government-run power equipment-maker BHEL on Monday said it signed an agreement with Spain's Abengoa to set up solar power projects in India.The agreement was signed in Seville, Spain, by BHEL Chairman and Managing Director B P Rao and Abengoa Solar Chairman and CEO Santiago Seage.

HDFC Bank inks MoU with Indian Army for salary accounts

Mon, 07 Feb 2011 02:38:50 GMT

HDFC Bank, the country’s second largest private bank, on Monday signed a Memorandum of Understanding (MoU) with the Indian Army to offer them salary accounts and a suite of banking products and services.

German fitness brand Milon appoints Mickey Mehta as brand ambassador

Mon, 07 Feb 2011 01:56:33 GMT

Milon, Germany's leading fitness brand, on Monday appointed Wellness cult figure Mickey Mehta as its brand ambassador for India. milon will be India’s first premium and luxury fitness brand that promises to offer 30 per cent more effective results in just 17.5 minutes.

Bharti Airtel partners with Savvis for enhancing managed services

Mon, 07 Feb 2011 01:28:35 GMT

Bharti airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, on Monday announced it’s strategic relationship with Savvis to further augment and strengthen its managed services portfolio.

Government pegs FY11 GDP growth at 8.6 p.c.

Mon, 07 Feb 2011 01:07:47 GMT

Led by a smart recovery in farm output, the government on Thursday estimated economic growth for the current financial year at 8.6 per cent, as against 8 per cent a year ago. Agriculture and allied activities are likely to grow at 5.4 per cent in 2010-11, compared to just 0.4 per cent in 2009-10.

Tata launches face-lifted Manza sedan

Sun, 06 Feb 2011 04:53:48 GMT

Tata Motors on Sunday introduced the new Tata Manza. With a fresh new look of premium dual tone interiors and an exterior make-over, the new Tata Manza delivers a driving experience which is a class apart in the sedan market. The range will be available across the country from Feb 7.

Legal system should support development: Prime Minister

Sun, 06 Feb 2011 04:23:53 GMT

Prime Minister Manmohan Singh Sunday said that developing countries need a legal system conducive to both rapid economic development and promoting equitable distribution of the fruits of development. The PM said that the government is committed to the pursuit of inclusive economic growth.

Visas may be restored to Tri-Valley University students

Sun, 06 Feb 2011 12:41:39 GMT

The US Immigration and Custom Enforcement (ICE) has indicated that it is ready to consider reinstating the immigration status of those Indian students, who have lost their student visas due to the closure of a California-based "sham" university.

"I will not be surprised if the RBI hikes the rate by 0.25 pc"

Sat, 05 Feb 2011 07:44:29 GMT

With increasing food inflation, C Rangarajan , Chairman of Economic Council to the Prime Minister on Saturday said he would not be surprised if the RBI hikes the rate by 0.25 p.c. to contain it. He said RBI would continue to act as long as there was a need to contain food prices.

ICAI names R. Sridhar of STFC as CA Business Achiever 2010

Sat, 05 Feb 2011 07:22:51 GMT

R Sridhar, Managing Director, Shiraram Transport Finance Company Limited, was honoured with the CA Business Achiever –Financial Services award by the Institute of Chartered Accountants of India (ICAI) at the ICAI Awards 2010 function held in Kolkata.

Featherlite to open 15 stores in south

Sat, 05 Feb 2011 07:17:08 GMT

Featherlite forayed into the home furniture segment with a new exclusive store for readymade, high quality, contemporary home furniture – Featherlite Living.

Bharat Biotech begins phase III trials on clot busting drug

Sat, 05 Feb 2011 03:33:18 GMT

Bharat Biotech is a leading innovator and manufacturer of vaccines and biologics with focus on emerging markets. The trial is expected to recruit approximately 120 patients.

Lakshmi Vilas to raise Rs 350 cr from 40 p.c. stake sale

Sat, 05 Feb 2011 02:43:53 GMT

Lakshmi Vilas Bank (LVB) will dilute a 40 per cent equity to raise funds from a share sale to boost its capital and raise lending. The bank will raise funds from selling shares once market conditions improve, said LVB managing director and CEO, PR Somasundaram.

Black money trail: Govt issues notices to 17 persons

Sat, 05 Feb 2011 01:57:42 GMT

Finance Minister Pranab Mukherjee said on Saturday that the Government had served notices to 17 persons related to the foreign banks black money trail. He however said it is not possible to reveal their names. Meanwhile, Tehelka published names of 15 Indians who have stashed away wealth.

Google receives 75,000 job applications in a week

Sat, 05 Feb 2011 01:20:26 GMT

Google Inc, the world's biggest internet-search service, received more than 75,000 job applications worldwide last week, setting a record for the company as it embarks on a hiring spree. The flood of resumes topped a previous high set in May 2007 by 15 per cent.

17 technologists feted for innovative solutions

Sat, 05 Feb 2011 01:01:10 GMT

A set of 17 bright technologists were feted for bringing out innovative solutions to address great challenges for India. Seven award winning groups of scientists, computer engineers, social entrepreneurs from Infosys,TCS,HP, Nokia, Siemens Networks and Barrier Break Technologies were chose for this.

Cartoon Carnival at McDonalds with Ben 10

Fri, 04 Feb 2011 06:16:46 GMT

McDonald’s India, leaders in food retail, has introduced a special Cartoon Network Happy Meal for their young patrons which will have the popular Cartoon Network characters as toys along with the meal.

Gati appoints APVN Sarma as independent director

Fri, 04 Feb 2011 05:05:11 GMT

City-based express cargo firm Gati Ltd on Friday appointed APVN Sarma as an independent director on the board of Gati Limited. With this appointment, the Board of the Company will now consists of eight independent directors, one promoter & executive director, and one executive director.

Sensex nosedives 447 points on FII outflows, global cues

Fri, 04 Feb 2011 04:35:38 GMT

Negative sentiments dominated the markets as the benchmarks fell sharply in the last one hour of trade and closed near crucial support levels, with traders booking profits after a rally in last session. The sell-off could be attributed to FII outflows, inflation and unrest in Middle East.

NCC posts Rs 52 cr net in Q3, down 7 pc

Fri, 04 Feb 2011 04:19:30 GMT

City-based Nagarjuna Construction Company (NCC) posted Rs 52.11 crore net profit for the quarter ended December 31,2011, down 7 per cent from Rs 55.8 crore net it reported in the same period a year ago.The company’s consolidated turnover, however, was up 9 per cent.

Govt. appoints U K Sinha as 8th chairman of SEBI

Fri, 04 Feb 2011 02:43:47 GMT

The Central Government on Friday appointed UTI AMC chief U K Sinha as the Chairman of capital markets regulator , the Securities and Exchange Board of India (SEBI). A 1976 batch IAS officer of the Bihar cadre, Sinha replaces C B Bhave who retires on February 17, 2011.

PM for waiving octroi, local taxes to stem inflation

Fri, 04 Feb 2011 02:34:02 GMT

Prime Minister Manmohan Singh on Friday favoured waiving mandi, octroi and local taxes, which impede the smooth movement of essential commodities, while admitting that inflation posed a serious threat to the growth momentum affecting the poor and vulnerable sections.

Divis Labs net up 45 pc at Rs 98.42 cr in Q3

Fri, 04 Feb 2011 02:12:20 GMT

City-based Pharma firm Divis Laboratories on Friday said its consolidated net profit rose by 45.07 per cent to Rs 98.42 crore for the third quarter ended December 31, 2010.The company had posted a net profit of Rs 67.84 crore for the same period of the previous fiscal.

IPv4 address pool depletes, IPv6 adoption at critical phase

Fri, 04 Feb 2011 01:39:14 GMT

The Number Resource Organization (NRO) announced on Thursday that the free pool of available IPv4 addresses is now fully depleted.

Kiran Bhagwanani appointed Datacraft India CEO

Fri, 04 Feb 2011 01:25:35 GMT

Datacraft on Friday announced appointment of Kiran Bhagwanani as CEO, Datacraft India in a newly created senior role within Datacraft Asia.

DQE inks deal with ZDF Enterprises for 3D Jungle Book 2

Fri, 04 Feb 2011 10:42:58 GMT

DQ Entertainment signed co-production agreement with ZDF Enterprises of Germany for a second season of the 3D HD animated series, Jungle Book, 52 episodes of 11 minutes each. The budget for the production is 9 million Euro. It will be distributed in over 60 countries in Europe and Latin America.

GVK Power signs MoU with PSPCL

Fri, 04 Feb 2011 10:21:10 GMT

City-based GVK Power & Infrastructure Ltd on Friday said it signed a Memorandum of Understanding (MOU) on Thursday with the Punjab State Power Corporation Ltd in connection with the implementation of Phase-II, 1320 MW power project.

IMImobile partners with K Srikkanth’s Krishcricket.com

Thu, 03 Feb 2011 06:56:23 GMT

IMImobile, an end-to-end enabler of mobile value added services for mobile operators, media companies and enterprises, on Thursday announced strategic partnership with krishcricket.com to provide cricketing services through operators across the globe.

Imagination Technologies completes acquisition of HelloSoft

Thu, 03 Feb 2011 06:49:52 GMT

UK-based Imagination Technologies Ltd, a world leader in multimedia and communications technologies, on Thursday confirmed the completion of the acquisition of HelloSoft into the Imagination Technologies Group.

Dell launches two new smartphones

Thu, 03 Feb 2011 06:28:22 GMT

Dell on Thursday announced an expansion to its mobile portfolio with the new Venue and Venue Pro launch at the Bangalore Fashion week.

Herbalife India signs on Virat Kohli as brand ambassador

Thu, 03 Feb 2011 05:29:15 GMT

Herbalife India on Thursday signed on Indian cricketer Virat Kohli for their range of inner nutrition products. Virat Kohli will endorse nutritional food products, health & dietary supplements and several others.

Sensex zooms 358 pts on global clues, aggressive buying

Thu, 03 Feb 2011 05:06:24 GMT

Shrugging off spike in food inflation and high interest rate worries, the Bombay Stock Exchange (BSE) benchmark Sensex on Thursday surged by over 358 points to close at 18,449.31 on aggressive value buying in the recently beaten stocks and indications of a steady global economic recovery.

2G scam: Raja, his aides sent to five-day CBI custody

Thu, 03 Feb 2011 04:42:11 GMT

Former telecom minister A Raja and two of his aides were sent to five-day police custody by a CBI special court in New Delhi on Thursday, a day after they were arrested in connection with the 2G spectrum scam. Raja quit on Nov 14 after the CAG indicted him for irregularities in spectrum allocation.

ICSA (India) net up 7.3 pc at 31.59 cr in Q3

Thu, 03 Feb 2011 04:25:03 GMT

City-based ICSA (India) Ltd, a provider of embedded technology solutions and infrastructure deployment services, on Thursday reported Rs 31.59 crore net for the quarter ending December 31, 2010, as against Rs 29.44 crores in the corresponding quarter a year ago, an increase of 7.3 per cent.

Red Hat Training receives top rating in IDC analysis

Thu, 03 Feb 2011 04:09:00 GMT

Red Hat Training and Certifications was ranked in the leader category of IDC MarketScape: Worldwide IT Education and Training 2011 Vendor Analysis (IDC #226469) for the fourth time.

IndusInd Bank ties up with M&M for vehicle finance

Thu, 03 Feb 2011 04:02:31 GMT

The Automotive Sector of Mahindra & Mahindra Ltd. (M&M Ltd.) on Thursday signed a memorandum of understanding (MoU) with IndusInd Bank Ltd. (IBL). Under the this tie-up, IBL will be one of the preferred financiers for the entire range of vehicles sold by Mahindra & Mahindra Ltd.

HDFC Bank launches one common PhoneBanking number

Thu, 03 Feb 2011 03:57:30 GMT

HDFC Bank, second largest private bank in the country, announced one common easy-to-remember telephone number for its millions of PhoneBanking customers. The Bank already offers this service in 9 regional languages.

Vegetable prices drive food inflation to 17.05 p.c.

Thu, 03 Feb 2011 12:33:49 GMT

India’s food inflation surged to 17.05 per cent for the week ended January 22, rising for the second straight week, on the back of rising prices of vegetables, fruits and milk.Food inflation rose by 1.48 percentage points from 15.57 per cent in the previous week.

Ashok Leyland sales down 2 pc at 7,711 units

Thu, 03 Feb 2011 12:02:27 GMT

Ashok Leyland, India's second largest commercial vehicle maker, said it sold 7,711 units in January, down 2 percent from 7,871 units a year ago.

Realty, metal, tech sectors drive Sensex up 140 pts

Thu, 03 Feb 2011 11:49:14 GMT

The BSE benchmark Sensex advanced by 140 points in early trade on bargain hunting in select counters on expectation of good economic growth. Realty, metal, tech and banking sectors were the major gainers of the early trade.Bharti Airtel rose for the second day in a row.

Vestian Global launches operations in Hyderabad

Thu, 03 Feb 2011 11:39:15 GMT

Vestian Global Workplace Services, a subsidiary of the Chicago-headquartered Vestian Group today announced the launch of its Integrated Real Estate Services business in Hyderabad.

IT-BPO industry revenue crosses $76 billion in FY11: Nasscom

Wed, 02 Feb 2011 07:05:59 GMT

Buoyed by steady recovery in demand for technology services, the Indian IT-BPO sector is estimated to have grown 19 per cent in 2010-11 to $76 bn in revenues, Nasscom said. Exports continued to be the mainstay of the industry with revenue of $59 bn, growing at 18.7 p.c.

ICICI Bank, Indian Army sign MoU for banking services

Wed, 02 Feb 2011 06:50:04 GMT

ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army on Wednesday signed a Memorandum of Understanding (MoU) on extending the modern banking products and services to the army personnel.

Persistent Systems acquires Infospectrum

Wed, 02 Feb 2011 05:52:10 GMT

Pune-based Persistent Systems, a leader in outsourced software product development (OPD) services, on Wednesday said that it entered into a definitive agreement to acquire the OPD business of Infospectrum, Inc and its subsidiary - Infospectrum India Private Limited.

Bilcare provides tamperproof tickets for Bryan Adams Concert

Wed, 02 Feb 2011 05:46:36 GMT

Bilcare Technologies, a division of Bilcare Ltd, is providing the ticketing solutions for the forthcoming Bryan Adams Concert. Bilcare is using their nonClonableID technology, for devising these unique smart card tickets.

NSL Sugars opens new plant in Mahbubnagar dist

Wed, 02 Feb 2011 05:33:37 GMT

City-based NSL Sugars, a part of NSL Group, said on Wednesday that its Mahbubnagar Plant, Krishnaveni Sugars, commenced operations. The facility is an integrated sugar, co-generation power and fuel grade ethanol project set up at Kothakota mandal of Mahbubnagar district.

Axis Bank launches India Travel Card

Wed, 02 Feb 2011 05:24:20 GMT

Axis Bank, India’s third largest private bank, on Wednesday announced the launch of India Travel Card, India’s first and only Indian currency prepaid travel card for foreign nationals and non-resident Indians travelling to India.

Mandhana Industries posts 88.6 pc jump in Q3 net

Wed, 02 Feb 2011 04:11:56 GMT

Mandhana Industries Ltd, a leading textile & garment maker, on Wednesday reported its quarterly profit and revenue numbers with a 13.74 per cent rise in revenue and a massive 88.60 per cent jump in the net profit for the quarter ended December 31, 2010

CBI arrests A Raja, his key aides in 2G spectrum scam

Wed, 02 Feb 2011 03:49:28 GMT

Former Telecom Minister, A Raja was arrested by the CBI in the 2G Spectrum case on Wednesday. Along with Raja, former Telecom Secretary Siddartha Behura and former personal secretary of Raja, R K Chandolia were also arrested by the CBI.Charges against Raja included misuse of his ministerial office.

Rental, capital value growth at 3 pc across Asia Pacific: JLL

Wed, 02 Feb 2011 12:45:47 GMT

New research from Jones Lang LaSalle (JLL) reveals that positive business sentiment and solid corporate hiring are buoying leasing demand in the office markets of Asia Pacific. In 2010, aggregate net take-up across major Tier I markets was more than double the level of the previous year.

SA's FirstRand plans to foray into Indian banking sector

Wed, 02 Feb 2011 12:35:10 GMT

South African banking group FirstRand is firming up plans to make a foray into India once a framework for opening up the banking sector to new entrants is put in place.

Bajaj Auto sells 3,13,583 units in January, up 18 p.c.

Wed, 02 Feb 2011 12:26:45 GMT

Bajaj Auto on Wednesday reported an 18 per cent jump in sales during January, 2011, driven by smart growth in demand for the company's popular Pulsar and Discover motorcycle models.The company sold 3,13,583 units during the month, with Pulsar and Discover constituting 68 per cent of the total volume

Venus Remedies anti-cancer drug gets UK MHRA approval

Wed, 02 Feb 2011 11:46:31 GMT

Venus Remedies Ltd's Anti-Cancer drug GEMCITABINE gets UK MHRA approval. The other countries in the list are Poland, Germanym Slovenia and Portugal for which the same feat has been achieved.

Bharti Airtel net plummets 41 p.c. at Rs 1,303 cr in Q3

Wed, 02 Feb 2011 10:49:21 GMT

India’s leading telecom operator Bharti Airtel on Wednesday reported 41 per cent fall in the third quarter profit, as weaker margins from its African operations and currency fluctuations took a toll.Bharti said consolidated net profit fell to Rs 1,303 crore from Rs 2,195 crore.

TTL unveils Huawei Buz C7300 powered by Tata Photon Plus

Tue, 01 Feb 2011 08:08:29 GMT

Continuing its thrust to offer affordable products and services with value proposition for its customers, Tata Teleservices on Tuesday unveiled a stylish Huawei Buz C7300 handset powered by Tata Photon Plus at introductory price of Rs 5,499.

NMDC Q3 earnings surge 81.35 p.c. at Rs 1,518 cr

Tue, 01 Feb 2011 06:15:10 GMT

Government-owned National Mineral Development Corporation (NMDC) has reported a rise of 81.35 per cent in the net profit for the quarter ended Dec. 31, 2010. During the quarter, the company has posted a net profit of Rs 1518 crore as compared to Rs 837 crore for the quarter ended Dec. 31, 2009.

Hero Honda sales jump 19.68 pc in January

Tue, 01 Feb 2011 05:50:43 GMT

The country's largest two-wheeler maker Hero Honda on Tuesday reported sales of 4,66,524 units for January, 2011 registering a jump of 19.68 per cent over the same month last year. The company had sold 3,89,802 units in January last year, Hero Honda said in a statement.

Mahindra Satyam achieves CMMI Level 5 certification

Tue, 01 Feb 2011 04:38:39 GMT

City-based Mahindra Satyam, the renamed entity of Satyam Computer Services Limited, on Tuesday announced that it was assessed at Level 5 for the CMMI Version 1.2-Development model for its development centres at Bangalore, Chennai and Pune.

Sensex falls 305 points, closes near 18,000 mark

Tue, 01 Feb 2011 04:28:35 GMT

Indian markets ended in the deep red as foreign institutional investors turned sellers on concerns that rising interest rates would put pressure on corporate earnings. All the sectoral indices closed in the red with realty, auto and capital goods space worst hit.

Tata Motor sales up 15 pc at 75,423 units in January

Tue, 01 Feb 2011 04:06:50 GMT

Automaker Tata Motors on Tuesday reported 15 per cent increase in its January sales this year at 75,423 units, as compared to 65,478 units sold in the same month of 2010.

Bell 429 Helicopter awarded Brazilian certification

Tue, 01 Feb 2011 03:56:40 GMT

Bell Helicopter, a Textron Inc. company, has announced that the National Civil Aviation Agency of Brazil (ANAC) awarded the Bell 429 helicopter Brazilian certification. This approval follows certification by the U.S. Federal Aviation Administration (FAA)and EASA.

Volkswagen India sells 5,601 vehicles in January

Tue, 01 Feb 2011 03:50:54 GMT

The Volkswagen brand continues its impressive growth even in the New Year with 5,601 vehicles sold in the month of January alone. The award winning Polo and the Vento remained a favourite with the Indian customers with over 5000 units sold in the last month alone.

MFIN launches helpline number 040-40011095

Tue, 01 Feb 2011 03:43:24 GMT

Micro Finance Institutions Network (MFIN) has launched a helpline number 040-4001 1095 on February 02, 2011 as a part of its initiative towards self regulation. MFIN accounts for over 80 per cent of all micro-loans distributed around the country.

Ford India monthly sales cross 10,000 mark in January

Tue, 01 Feb 2011 01:35:46 GMT

Ford India has started the New Year with its best monthly sales performance ever, with 10,026 units sold in the first month of 2011 a more than four-fold increase, against 2453 units sold over the same period last year.

TVS Motor sales up 30 p.c. in January

Tue, 01 Feb 2011 01:29:47 GMT

Chennai-based TVS Motor Company on Tuesday reported a 30 per cent jump in January sales to 165,152 units.The company had registered sales of 127,288 units in the corresponding month of 2010, TVS Motor Company said in a statement.

Suzuki Motorcycle sales up 40 pc in January

Tue, 01 Feb 2011 01:25:54 GMT

Two-wheeler maker Suzuki Motorcycle India on Tuesday reported 40 per cent growth in January sales to 28,598 units.In the same month last year, the company had sold 20,448 units, Suzuki Motorcycle India (SMI) said in a statement.

Red Hat strengthens its focus in India

Tue, 01 Feb 2011 01:19:10 GMT

Red Hat, Inc on Tuesday announced that it strengthened its India operations with two key executive appointments, further reaffirming its commitment to deliver innovation to enable Indian businesses to take advantage of the current shifts in the datacenter around virtualization and cloud computing.

DLF net dips 9 pc at Rs. 204.84 crore in Q3

Tue, 01 Feb 2011 12:14:08 GMT

DLF posted a net profit of Rs. 204.84 crore for the quarter ended December 31, 2010, as compared to Rs. 224.43 crore for the quarter ended December 31, 2009. Total income increased from Rs. 1,017.46 crore for the quarter ended Dec 31, 2009 to Rs. 1,039 crore for the quarter ended Dec 31, 2010.

Maruti Suzuki sales up 14.7 pc at 1,09,743 in Jan 2011

Tue, 01 Feb 2011 11:00:23 GMT

India’s leading carmaker Maruti Suzuki on Tuesday reported 14.7 p.c. jump in its January, 2011 sales at 1,09,743 vehicles from 95,649 units in the same month a year ago. These sales include 9,321 units of exports and 1,00,422 units in domestic market.

Uninor launches Dosti Pack for new customers

Mon, 31 Jan 2011 07:31:35 GMT

Extending their innovative offerings for users to connect even better with friends and family, Uninor launched a new product offering - Dosti Pack - for new customers across Andhra Pradesh.

Fujifilm launches 15 X zoom Super Compact F300EXR camera

Mon, 31 Jan 2011 07:25:35 GMT

Fujifilm India Pvt. Ltd, the wholly-owned subsidiary of Fujifilm Corporation, Japan, which is one of the world’s largest photographic solutions company, on Monday, launched top-end compact 15 X zoom FinePix F300 EXR in the Indian market.

BS TransComm posts Rs 12.67 cr net in Q3

Mon, 31 Jan 2011 06:18:24 GMT

City-based BS TransComm Ltd posted a net profit of Rs 12.67 crore for the quarter ended December 31, 2010, down 9 per cent from Rs 14 crore it posted during second quarter this fiscal.

Tata Motors offers special scheme on Tata Nano for defence staff

Mon, 31 Jan 2011 05:39:14 GMT

Tata Motors on Monday announced a special scheme on Tata Nano for all defence personnel. As part of the scheme, Tata Motors is offering free comprehensive maintenance package for 4 years/ 60,000 km (whichever is earlier).

Vdopia to empower online video advertisements

Mon, 31 Jan 2011 05:25:05 GMT

ESPN Software India Pvt Ltd has appointed Vdopia, leading online and mobile video monetization company, as the exclusive sales agent of www.espnstar.com (India region) till the end of ICC Cricket World Cup 2011.

Sun Pharma posts Rs 350 crore net in Q3

Mon, 31 Jan 2011 05:15:14 GMT

Sun Pharmaceutical Industries Ltd posted a consolidated net profit of Rs. 350.15 crore for the quarter ended December 31, 2010, up 3 per cent from Rs. 338.95 crore for the quarter ended December 31, 2009.

Google, Bharti to promote rural education together

Mon, 31 Jan 2011 04:32:14 GMT

Google and Bharti Foundation - the philanthropic arm of Bharti Enterprises, on Monday jointly announced an initiative to support the Satya Bharti schools, run by the Bharti Foundation.

Nokia launches two new C-series mobile handsets

Mon, 31 Jan 2011 04:29:53 GMT

Finnish giant Nokia on Monday released two new affordable mobile handsets – Nokia C1-01 and Nokia C1-02 – into Andhra Pradesh market. Featuring internet, multimedia functionalities and 32 GB extendable memory, the C1-01 and C1-02 handsets are priced Rs 2,789 and Rs 2,394 respectively.

Mobile Apps Conclave 2011 Concludes with Great Fanfare

Mon, 31 Jan 2011 03:29:46 GMT

CellStrat is extremely pleased to report that this event was Sold Out a week before the event date. This conference saw an unending barrage of interest from audience from all over India in addition to the host city Delhi.

GVK PIL posts a net loss of Rs.0.52 crore in Q3

Mon, 31 Jan 2011 03:02:27 GMT

GVK Power & Infrastructure Ltd has posted a net loss of Rs 0.52 crore for the quarter ended December 31, 2010. In the yearago period, the company posted a net profit of Rs 6.58 crore.

Suryajyoti Spinning Mills net up at Rs. 5.76 crore

Mon, 31 Jan 2011 02:19:16 GMT

Suryajyoti Spinning Mills Ltd., leading manufacturers of Yarn and Fabric, has posted a 184 per cent rise in net profit at Rs.5.76 crore for the quarter ended December 31 2010, as compared to Rs. 2.03 crore in the corresponding period of the previous year.

Andhra Bank net up at Rs. 330 crore in Q3

Mon, 31 Jan 2011 02:08:50 GMT

Andhra Bank has posted a net profit of Rs 330.91 crore at the end of the third quarter of the current fiscal.

OnMobile net up to Rs. 21 crore in Q3

Mon, 31 Jan 2011 12:48:44 GMT

OnMobile on Monday announced the results of its third quarter, fiscal year 2011, ending December 31, 2010. Revenue for the quarter was Rs 148.60 crore, a 29 per cent increase versus the comparable period a year ago.

Demand for commercial office space goes up in Hyderabad

Mon, 31 Jan 2011 12:33:47 GMT

The Hyderabad commercial office market posted a strong increase in demand in 2010 with the foray of new occupiers such as United Health Group, JP Morgan Chase and Facebook, and the expansion of existing tenants including TCS, Accenture, Google, Mindtree and Cognizant.

Times Now channel completes five years

Mon, 31 Jan 2011 12:26:40 GMT

TIMES NOW, India’s most watched English news channel completes 5 years today. Launched on this day in 2006, TIMES NOW in its 5 years of News leadership has changed India’s expectation from news.

ISB’s PGP ranked 13 in global Top 20

Mon, 31 Jan 2011 10:53:23 GMT

The Post Graduate Programme in Management (PGP) of the Indian School of Business (ISB) has been ranked No: 13 in the Global Top MBA rankings 2011 released today by the Financial Times, London. It also recorded the highest “Salary percentage increase” among all the top 100 schools.

Court allows Dr. Reddy's to sell Allegra D 24 in US markets

Mon, 31 Jan 2011 08:51:01 GMT

A US Court has allowed Dr. Reddy’s Laboratories to sell Allegra D24 in the US markets. In addition, plaintiffs Sanofi-Aventis and Albany Molecular Research have been required to post a security with the Court, an amount of USD 40 mn.

After Robot, Rajinikanth’s next magnum opus is ‘Rana’

Sat, 29 Jan 2011 06:35:04 GMT

After sensational hit Robot, Rajinikanth to enthrall millions of his fans with ‘Rana’,which is to be coproduced by the actor and Eros international. The film will be directed by KS Ravikumar who has worked with the star in Muthu and Padayappa. The new film is scheduled to release in FY2012.

Centre plans to regulate private retail chains

Sat, 29 Jan 2011 05:54:57 GMT

The Centre now plans to regulate private retail chains to ensure they did not make undue profit, Union Minister of State for Food and Civil Supplies K V Thomas said on Saturday.

Q-Mart plans 18 ‘Curves for Women’ fitness facilities in Andhra Pradesh

Sat, 29 Jan 2011 05:34:01 GMT

The Q-Mart Retail Ventures, the exclusive franchisee for Curves in Andhra Pradesh, plans to set up 18 ‘Curves for Women’ fitness franchises in the state. The first facility of the world’s largest fitness franchise for women will open in Hyderabad on January 31.

ACM India annual conference 2011 concludes in Hyderabad

Sat, 29 Jan 2011 03:59:36 GMT

ACM India Council, part of the Association for Computing Machinery (ACM) which is the world’s largest educational and scientific computing society for computer science/IT community, on Saturday concluded its two-day annual conference - ACM India Annual Conference 2011 at ISB, Hyderabad.

Gold, silver prices up on fresh buying, firm global cues

Sat, 29 Jan 2011 03:41:41 GMT

Silver and gold prices were up on the bullion market on fresh buying support by stockists and jewellers for the ongoing marriage season, triggered by a rally in their prices overseas.While silver jumped by Rs 1,600 to Rs 43,300 per kg and gold was up by Rs 360 to Rs 20,320 per 10 gm.

Centre plans tougher licensing norms in new telecom policy

Sat, 29 Jan 2011 03:21:10 GMT

Centre said its new telecom policy to be unveiled soon will tighten the norms for grant of licences and airwaves to service providers in a bid to induce transparency and provide a level-playing field to new and existing players. The policy will de-link the award of spectrum from issue of licenses.

Bridgestone opens largest showroom in Bhimavaram

Sat, 29 Jan 2011 03:01:44 GMT

Bridgestone, the world’s no.1 tyre & rubber manufacturer, on Saturday opened one of the largest showrooms in South India at Bhimavaram in the State. Bridgestone has 209 state of the art select shops all over India.

Dataquest lists 20 hottest Indian e-Commerce start-ups

Sat, 29 Jan 2011 02:11:40 GMT

Group buying sites, discounted fashion brand retailers and specialized online stores dominate the list of 20 hottest e-commerce start-ups, according to a study conducted by Dataquest, the flagship publication of CyberMedia, south Asia’s largest specialty publisher.

Maruti Suzuki net falls 17.8 p.c. at Rs 565 cr in Q3

Sat, 29 Jan 2011 01:23:39 GMT

Maruti Suzuki reported Rs 565.2 crore net profit for the quarter ended December 31,2010, down 17.8 p.c. from Rs 687.5 crore the company made during the Q3 last fiscal. The company’s net sales increased 26.5 per cent at Rs 9,276.7 crore for the quarter from the net sales in same quarter last fiscal.

D-Link strengthens its support infrastructure

Sat, 29 Jan 2011 12:31:17 GMT

Following the recent acquisition of a new corporate property in Mumbai, D-Link, the end-to-end networking solutions provider for consumers and businesses, now takes another giant step towards strengthening its company infrastructure by acquiring a new warehouse facility in Goa.

Mercedes-Benz looks to develop a small car for India

Sat, 29 Jan 2011 12:14:21 GMT

On the back of a thriving domestic economy fuelled by an increasing appetite for consumption, German luxury auto giant Mercedes-Benz is looking at developing a small car for the Indian market. The company, however, has not arrived at any time-frame to translate the idea into a concrete plan.

It’s official now: Apple’s iPad comes to India

Fri, 28 Jan 2011 07:58:23 GMT

Nearly a year after its launch, Apple’s iPad has finally hit the Indian market, with the gadget’s official launch in the country on Friday. So far, iPad enthusiasts had to depend on the grey market or go abroad to get the device. iPad will now be available in India for prices starting at Rs. 27,900.

Suryavanshi Spinning Mills Q3 net up 113 pc at 3.57 cr

Fri, 28 Jan 2011 07:26:15 GMT

uryavanshi Spinning Mills Ltd, an established textile player with a spindle capacity of over 1,00,000 tonnes, posted a net profit of 3.57 cr for the quarter ended December 31, 2010, as compared to 1.68 cr. in the corresponding quarter a year ago.

Akkineni Nageswara Rao, an honour to Padma Vibhushan

Fri, 28 Jan 2011 05:05:50 GMT

ANR admits the honour was completely unexpected and therefore the excitement was far more than in 1968, when he received the Padma Shri and 1988, when he was honoured with the Padma Bhushan or the Dada Saheb Phalke Award a couple of years later.

Sensex tanks 258.91 points as realty, auto fall

Fri, 28 Jan 2011 04:54:30 GMT

With profit booking by foreign institutional investors and inflation worries along with weak European markets spreading negative sentiments, Indian stock market indices ended in deep red. The worst hit were stocks from interest rate sensitive sectors like realty and auto.

Ramky Infra bags Water Digest Water Awards 2010-11

Fri, 28 Jan 2011 04:39:26 GMT

Ramky Infrastructure Limited (RIL) has bagged the prestigious Water Digest ‘Water Awards 2010-11’ as the ‘Distinguished Water Company’ for outstanding contribution in the field of water in India.

Lavazza aims to turn India into its 2nd largest coffee market

Fri, 28 Jan 2011 04:31:15 GMT

Italian firm Lavazza, the world’s 6th largest coffee maker which recently laid foundation stone for its new manufacturing facility in Andhra Pradesh, is aiming to turn India into its second largest coffee market in five years, according to Giuseppe Lavazza, Vice President, Lavazza Group.

Granules India net down by Rs. 1 crore in Q3

Fri, 28 Jan 2011 04:18:47 GMT

Granules India Ltd., a vertically integrated formulation manufacturer, announced financial results for its fiscal year 2011 third quarter ended December 31, 2010.

Kotak Mahindra Bank tops in ‘Customer and Brand Loyalty’

Fri, 28 Jan 2011 04:00:38 GMT

Consumer research by The Nielsen Company recognizes Kotak Mahindra Bank as the winner in the ‘Customer and Brand Loyalty’ category at the 4th Loyalty Awards

ACM conference commences at ISB

Fri, 28 Jan 2011 03:42:53 GMT

ACM India Council, part of the Association for Computing Machinery (ACM) which is the world’s largest educational and scientific computing society for the Computer Science/IT community, has today started its two day annual conference at the Indian School of Business (ISB)

Kalamandir launches Kala Apsara calendar 2011

Thu, 27 Jan 2011 09:03:03 GMT

The modern woman who has traveled a long way since evolution and is breaking new barriers in the history human evolution.

IT industry in AP insulated, growing, says Ponnala

Thu, 27 Jan 2011 08:56:55 GMT

Minister for Information Technology Ponnala Lakshmaiah indirectly hinted that the Government would insulate the IT industry from any agitations saying that the State Government brought IT under essential services. The growth story of the State in terms of agriculture and IT remained impressive.

TeamLease Services predicts drop in Hyderabad jobs in Q4

Thu, 27 Jan 2011 07:59:56 GMT

TeamLease Services Private Limited predicted significant drop in job opportunities in Hyderabad during Jan-March, 2011 as its Net Employment Outlook for the city was pushed downward by 6 points.The company however said Employment Outlook index moved by 1 point in Hyderabad during the Oct-Dec, 2010.

ISB to launch management programme with Rs 7 lakh annual stipend

Thu, 27 Jan 2011 07:29:09 GMT

Looking to churn out high-quality faculties, the Indian School of Business (ISB) will soon offer a fully-funded Fellow Programme in Management, that will also provide students with an annual stipend of up to Rs 7 lakhs.The city-based ISB is planning to start the FPM in September this year.

Cognizant helps global retailers manage peak shopping season

Thu, 27 Jan 2011 07:17:36 GMT

Cognizant, a leading provider of business, technology, and consulting services, on Thursday announced it helped global retailers successfully manage the peak shopping season using its business process as a service (BPaaS) platform, Intellipeak.

Reliance Communications launches MCA 2.0

Thu, 27 Jan 2011 07:11:14 GMT

Reliance Communications, India’s leading telecom service provider to offer nationwide GSM, CDMA and 3G services, on Thursday launched MCA 2.0 with Notify Me, its new missed call notification service with enhanced features.

Tripura animation feature to premiere on Cartoon Network

Thu, 27 Jan 2011 07:04:16 GMT

Following the huge success of the Amar Chitra Katha series on Cartoon Network, India’s number one kids channel is once again partnering with India’s leading comic book publisher, ACK Media, to launch their first animation feature, Tripura.

Manipal K-12 to expand its school network in Andhra Pradesh

Thu, 27 Jan 2011 06:56:14 GMT

Manipal K-12, which on Thursday launched its second school in Hyderabad, plans to expand its network to 20 schools across India and overseas. Manipal K-12 announced plans to further expand its network of schools across Andhra Pradesh.

Sleepcare Solutions plans 18 SleepCare centres in India

Thu, 27 Jan 2011 06:32:20 GMT

City-based SleepCare Solutions Pvt Limited is planning to set up 25 in Asia and some other parts of the world, including 18 centres in India.The company, promoted by Dr Lavanya Gali, Sleep Disorder Specialist,is opening its first SleepCare centre in Hyderabad on Friday.

Cheminnova's cough syrup to hit market soon, to work on mosquito patches

Thu, 27 Jan 2011 04:52:15 GMT

Cheminnova Remedies Pvt Ltd (CRPL) is working on a 24-hour sustained release oral preparation of drugs and is ready to offer the service of contractmanufacturing to companies for its already patented 12-hour sustained release oral preparation for cough.

1M/1M partners Persistent Systems to connect entreprenuers with customers

Thu, 27 Jan 2011 04:12:16 GMT

One Million by One Million (1M/1M) initiative and Persistent Systems has announced a partnership to connect entrepreneurs to customers. The 1M/1M initiative setup by Sramana Mitra has a goal to help a million entrepreneurs reach $1 million in revenue.

Dell to power Novell's SUSE appliances program

Thu, 27 Jan 2011 04:08:30 GMT

Novell announced Dell joined the SUSE Appliance Program to build, deploy and maintain a wide range of Dell-branded software appliances.

Symantec Corp revenues up four per cent in Q3

Thu, 27 Jan 2011 09:43:03 GMT

Symantec Corp. today reported the results of its third quarter of fiscal year 2011, ended Dec. 31, 2010. GAAP revenue for the fiscal third quarter was $1.604 billion, up 4 percent year-over-year and up 5 percent after adjusting for currency.

Cisco to acquire Hyderabad-based Pari Networks

Thu, 27 Jan 2011 09:08:49 GMT

Cisco has announced plans to acquire Pari Networks, a Hyderabad-and-US-based provider of solutions to configure networks better, manage change and ensure compliance with standards and regulations. The acquisition will boost Cisco's ability to customer networks are healthy, stable, and smart.

ZEDO powers advertising technology for newspapers

Thu, 27 Jan 2011 09:02:58 GMT

A recent blog post titled, "Newspapers, ZEDO is here for you" by the Advertising Technology provider ZEDO, Inc. displayed its CEO Roy de Souza explaining how ZEDO is well positioned to support the advertising technology needs of online newspapers. ZEDO has a suite of products and services.

Tata Steel aims to achieve 10mn tonnes capacity in 2011

Wed, 26 Jan 2011 05:40:04 GMT

Tata Steel's Managing Director H M Nerurkar on Wednesday said 2011 will be challenging for the company as they will be completing the ongoing expansion programme to achieve 10 million tonnes capacity.

Shell extends Technical Partnership with Ducati until 2013

Wed, 26 Jan 2011 04:46:28 GMT

Shell announced that Shell Advance’s technical partnership with the Ducati MotoGP team was extended until the end of the 2013 season.The extended relationship will ensure the continued development of tailored Shell Advance lubricant and Shell V-Power fuel for the Desmosedici bike.

MTV partners Metro Shoes for range of footwear

Wed, 26 Jan 2011 04:05:55 GMT

Music channel MTV on Wednesday said it will launch a range of footwear, based on its reality show 'Roadies', in partnership with Metro Shoes.

India's 'unity in diversity' on display at Republic Day celebrations

Wed, 26 Jan 2011 03:54:22 GMT

With colourful tableaux depicting the myriad hues of country's diversity, a vibrant performance by students and armed forces in full battle regalia, the 62nd Republic Day parade on Wednesday had 'mini-India' in itself.The parade showcased India's 'unity in diversity'

Maruti Suzuki sales cross 10 lakh mark in 10 months

Wed, 26 Jan 2011 03:08:55 GMT

Maruti Suzuki, which became the first company in India to sell one million units in a single year last fiscal, has already crossed the milestone in just ten months this fiscal. During the April-Dec 2010, it sold a total of 9,27,655 units.As on Jan 25, domestic wholesales were at 73,874 units.

India is most over-regulated country in the world: Survey

Wed, 26 Jan 2011 02:40:03 GMT

India has topped a list of the most "over-regulated countries in the world" in a survey on Asian business and politics by Hong Kong-based Political and Economic Risk Consultancy Ltd. The survey used responses from American executives about regulatory conditions in the US to assess the Asian scores.

Innovate to face India, China challenge: Barack Obama

Wed, 26 Jan 2011 02:14:44 GMT

Citing once again the growing challenge from emerging powers like India and China, US President Barack Obama asked Americans to unleash their creative spirits and innovate to "win the future" in a rapidly shifting global economy.

Delay in hiking petro, fertiliser prices to hurt fiscal deficit: RBI

Wed, 26 Jan 2011 01:01:59 GMT

Ahead of the Union Budget for 2011-12, the Reserve Bank warned that delay in hiking the prices of petroleum products and fertilisers would adversely impact the government's ability to reduce fiscal deficit.

Google to hire 6,200 people worldwide this year

Wed, 26 Jan 2011 12:49:30 GMT

Google Inc is all set to go on a hiring spree this year with the company planning to add more than 6,000 people around the globe in one of the "biggest" workforce expansions in company history. The company had added more than 4,500 workers in 2010 primarily in engineering and sales departments.

Toyota recalls 17 lakh vehicles worldwide

Wed, 26 Jan 2011 12:15:58 GMT

Toyota is recalling nearly 17 lakh vehicles around the world for various defects that may cause fuel leakage, the latest in quality control woes for the Japanese automaker. Toyota Motor Corp said it was recalling a wide range of models, including the IS and GS Lexus luxury models.

Jaguar celebrates 50 years of Iconic E-Type

Tue, 25 Jan 2011 07:45:52 GMT

This year marks the 50th anniversary of one of the most famous and desirable cars in automotive history - the Jaguar E-Type. Jaguar will be celebrating this special anniversary year at high-profile mtooring events throughout 2011.

Immigration fraud: US may deport hundreds of Andhra Pradesh students

Tue, 25 Jan 2011 07:14:08 GMT

Hundreds of Indian students, mostly from Andhra Pradesh, face the prospect of deportation from the US after authorities raided and shut down a university in the Silicon Valley on charges of a massive immigration fraud.

GVK, Dr. Reddy, Azim Premji, Y.C.Deveshwar among Padma awardees

Tue, 25 Jan 2011 06:53:08 GMT

The legendary N.T.Rama Rao was once again ignored in the Padma awards list, in spite of his daughter being in the Union council of ministers. Akkineni Nageswara Rao was promoted to Padma Vibhushan. Industry tycoons G.V.Krishna Reddy and K. Anji Reddy were chosen for Padma Bhushan.

Hyderabad to host ACM India’s annual meet from Jan 28

Tue, 25 Jan 2011 06:52:24 GMT

ACM India Council, part of the Association for Computing Machinery (ACM) which is global association for computing professionals, is organizing its annual conference at Indian School of Business (ISB) in Hyderabad on January 28, 29. ACM India’s Hyderabad Chapter is hosting the conference.

GVK to build two airports in Indonesia

Tue, 25 Jan 2011 05:28:34 GMT

GVK Power & Infrastructure Ltd has signed two Memorandums of Understanding (MoUs) with the Government of Indonesia to develop green field international airports in North Bali and Yogyakarta, Java. The company will invest $3-5 billion over three-four years to build the two airports .

SEW Trident Global inks MoU with Surya Kapanjen

Tue, 25 Jan 2011 04:04:13 GMT

SEW Infrastructure Ltd., a leading infrastructure company from Hyderabad has announced that the Company has signed a Memorandum of Understanding (MOU) with Surya Kapenjen through it's subsidiary SEW Trident Global Pte Ltd

SBI Life Insurance net profit up 52 p.c.

Tue, 25 Jan 2011 03:44:23 GMT

SBI Life Insurance has posted impressive results during the first nine months of the FY 10 - 11

Kapil Sibal pledges support to child rights

Tue, 25 Jan 2011 03:30:10 GMT

A large map of India representing the collective voice of more than two lakh Awaaz Do champions speaking up for the eight million children in the country currently out-of-school was presented today to Minister for Human Resource Development, Kapil Sibal.

Apollo Hospitals, Eisai, HelpAge to provide Dementia medicines to poor

Tue, 25 Jan 2011 03:19:08 GMT

In a transnational Public Private Partnership, Apollo Hospitals signed a PPP agreement with Eisai Pharmaceuticals, Japan and HelpAge India to improve access to medicines in India to underprivileged elderly patients suffering from dementia and depression.

Dr. Reddy's Laboratories posts Rs. 270 Crore net in Q3

Tue, 25 Jan 2011 02:37:34 GMT

India's second largest drug maker, Dr. Reddy's Labs, posted a net profit of Rs. 270 crore in the third quarter of the current financial year. The company posted losses in the corresponding year-ago period. Therefore, the results are not comparabale. The revenues in the Q3 stood at Rs. 1,900 crore.

RBI increases repo, reverse repo rates by 25 bps

Tue, 25 Jan 2011 11:59:52 GMT

The Reserve Bank of India (RBI) on Tuesday raised repo and reverse repo rates by 25 basis points each. Repo rate , the one at which RBI lends to banks will now be 6.50%, reverse repo, the rate banks receive for depositing funds with the central bank will be at 5.50%

SKS Microfinance net falls 39 p.c. at Rs 34 cr in Q3

Mon, 24 Jan 2011 08:04:33 GMT

City-based SKS Microfinance Ltd reported 38.5 per cent drop in its net profit from Rs 55.45 crore during Q3 ended December 31,2009 to Rs 34.15 crore during the Q3 ended December 31,2010. The total income went up by 44.5 p.c. to Rs 384.68 crore.

Amara Raja net down marginally at Rs 39.65 cr in Q3

Mon, 24 Jan 2011 06:38:16 GMT

Amara Raja Batteries Ltd, a leading battery maker, on Monday reported a marginal decline it its net profit for the third quarter ended December 31, 2010 at Rs 39.65 crore.The company had posted a net profit of Rs 39.86 crore in the same period last fiscal.

Epson Procentre inaugurated in Hyderabad

Mon, 24 Jan 2011 06:07:12 GMT

Epson, a world leader in digital imaging and printing solutions, along with its Pro-graphic partner MIS, has launched the first Epson Procentre in Hyderabad at Durga Nagar Colony in Ameerpet, Hyderabad.

Apollo sets up JV with Quintiles for phase I clinical trials

Mon, 24 Jan 2011 05:50:26 GMT

Apollo Hospitals Group and Quintiles, a leading global bio-pharma services company, joined hands to set up new phase I clinical trials research facility in Hyderabad. The Rs 40-cr facility, established at Apollo Health City, is 60:40 JV between Apollo Hospitals and Quintiles.

Tata Docomo to guide people on healthy sex life

Mon, 24 Jan 2011 03:29:56 GMT

Creating a genesis in M-Health space and launching first of its kind health services exclusively for the subscribers, TATA DOCOMO, the GSM brand of Tata Teleservices Limited on Monday launched Sparsh – a service on sexual & reproductive health related issues.

ICICI Bank q3 net up at Rs. 1,437 crore

Mon, 24 Jan 2011 03:18:31 GMT

ICICI Bank and its rivals State Bank of India and HDFC Bank are seeing a surge in loan demand and asset quality improvement in an economy growing at 8.5 percent, the fastest pace among major Asian economies after China, reported agencies.

Airtel rolls out 3G services

Mon, 24 Jan 2011 02:59:50 GMT

Bharti Airtel, India’s largest telecommunications company, on Monday launched its 3G services in the country – bringing the Airtel internet experience on 3G first to Karnataka – its largest circle by revenue market share.

Bajaj Auto to complete network expansion in record time.

Mon, 24 Jan 2011 02:56:10 GMT

Bajaj Auto is well on-course to complete the task of increasing its dealership network. Bajaj Auto had recently announced that they would add 130 new dealers, largely in small towns, taking the total numbers to more than 600 dealerships across India.

OnMobile’s M-Search handles 25 m music search requests in Dec

Mon, 24 Jan 2011 12:27:50 GMT

OnMobile Global Limited, a leading provider of telecom value-added services (VAS), ON Monday announced that a record number of music search requests – more than 25 million – were handled by its M-Search technology.

Chief Minister opens new facility of Honeywell

Mon, 24 Jan 2011 09:48:09 GMT

Honeywell International is proposing fresh round of investments in India and will be rolling out its expansion in a phased manner. The company spent about Rs 100 crore in the last three years for a systematic entry.

Political parties ignore CII's plea on business continuity

Mon, 24 Jan 2011 09:33:51 GMT

Political parties cold-shouldered the request of the CII to insulate their units of ongoing agitations and ensure business continuity. While the TRS MLA K.Taraka Rama Rao wanted the industry to represent to the Centre to end the uncertainty, the TDP, CPI and the CPI (M) joined the chorus.

First unit of COWE's engineering industrial estate opened

Mon, 24 Jan 2011 09:19:10 GMT

Dr. J. Geeta Reddy, Minister for Major Industries, Sugar, Commerce & Export Promotion, inaugurated the first unit, promoted by Sarada Industries, as part of COWE Automotive Industrial Estate here on the outskirts of Hyderabad at Kallakal Village, Toopran Mandal.

Naidu, Jagan take to the streets to protest price hike

Sat, 22 Jan 2011 07:16:33 GMT

TDP President N Chandrababu Naidu led a sit-in protest in Hyderabad while former Kadapa MP Y S Jaganmohan Reddy held a 6-hour long mass fasting 512 km away at R K Beach in Vizag. The duo protested against the skyrocketing prices of essential commodities and recent hike of petrol rates.

GE to make turbines for Samalkot power plant: Obama

Sat, 22 Jan 2011 06:21:10 GMT

General Electric (GE) will manufacture advance turbines for a power plant in Samalkot that would create some 1600 jobs, US President Barack Obama said."Most of you hadn't heard of Samalkot. But now you need to know about it, because you're going to be selling to Samalkot, India," he added.

Gold falls on weak global cues, silver recovers

Sat, 22 Jan 2011 05:43:24 GMT

Divergent trend developed on the bullion market on Saturday as gold fell for a third day by Rs 30 to Rs 20,370 per 10 grams on sustained selling influenced by weak global trend, while silver recovered Rs 150 to Rs 43,000 per kg on buying by industrial units.

Bharat Forge posts Rs 73.29 cr net in Q3

Sat, 22 Jan 2011 04:44:22 GMT

Bharat Forge Ltd posted a net profit of Rs. 73.29 cr for the quarter ended Dec 31, 2010, as compared to net profit of Rs. 25.23 cr for the quarter ended Dec 31, 2009.Total income increased from Rs. 822.50 cr for the quarter ended Dec 31, 2009 to Rs. 1235.25 cr for the quarter ended Dec 31, 2010.

Tata Steel FPO over-subscribed 5.97 times

Sat, 22 Jan 2011 03:54:40 GMT

The follow-on public offer (FPO) of Tata Steel received huge response from the investors, with the issue getting over-subscribed 5.97 times on the final day. The FPO received bids worth 29.06 crore shares against 4.8 crore equities on offer, thereby, generating demand worth Rs 17,726.6 crore.

World steel production scaled to new high in 2010: WSA

Sat, 22 Jan 2011 03:13:52 GMT

Global crude steel output rose 15 per cent in 2010 to 1.4 billion metric tonnes, a new record, the World Steel Association (WSA) said on Friday.All the major steel-producing countries and regions showed double-digit growth in 2010.Growth rates were higher in the European Union and North America.

SBI posts Rs 3,806 cr in Q3, up 13.45 pc

Sat, 22 Jan 2011 03:01:48 GMT

India’s largest lender State Bank of India on Saturday reported a 13.45 per cent jump in its consolidated net profit at Rs 3,806.49 crore for the third quarter ended December 31, over the same period last year. The bank had a net profit of Rs 3,354.94 crore in the year-ago period.

AMIC annual conference in Hyderabad from June 24

Sat, 22 Jan 2011 12:50:48 GMT

Singapore-based Asian Media Information and Communication Centre (AMIC) will organized its 20th annual conference at Taj Krishna hotel, Hyderabad, India from June 24 to 27, 2011. This conference assumes significance in the wake of AMIC celebrating its 40th anniversary this year.

IOB aims to increase bank branches to 3,000

Sat, 22 Jan 2011 12:03:00 GMT

Indian Overseas Bank (IOB) is planning to increase its branches to 3,000 and open an equal number of ATMs across the country by the next financial year, according to IOB Chairman and Managing Director M Narendra.

Tech Mahindra posts Rs 257-cr net in Q3, up 49 pc

Fri, 21 Jan 2011 07:57:10 GMT

IT major Tech Mahindra on Friday reported 48.81 per cent jump in its net profit at Rs 257 crore for the third quarter ended December 31, 2010, as against a net profit of Rs 172.7 crore in the October-December quarter last year.

Volkswagen Group India achieves 181 pc sales growth in 2010

Fri, 21 Jan 2011 07:23:26 GMT

Volkswagen Group continued its success story in India with the company delivering its best sales figures in the Indian market since its entry. The Volkswagen Group, which is present in India with the three brands - Audi, Skoda and Volkswagen - achieved a sales growth of 180.7 per cent in 2010.

Reliance Industries Ltd posts 28 p.c. jump in net

Fri, 21 Jan 2011 07:00:03 GMT

India's largest company by market capitalisation, Reliance Industries Ltd maintained its profit-growth momentum by reporting a 28% rise in net profit at Rs 5,136 cr vs Rs 4,008 cr for Q3 FY-2011. Total sales for Q3 was Rs 62,399 cr. Its net profit was Rs 4,008 crore in the same period last year.

Car prices see steep increase

Fri, 21 Jan 2011 06:57:54 GMT

Cars have just got dearer with major automobile firms, including Maruti Suzuki India, Hyundai and General Motors, increasing prices this month in order to offset rising input costs. Maruti Suzuki India increased prices by up to Rs 8,000 across models, except its newly launched compact car Alto K10.

3i Infotech partners with Manipal Health Enterprises

Fri, 21 Jan 2011 06:53:41 GMT

3i Infotech, a global provider of IT solutions and one of India’s largest software product companies, announced that it won a major contract in the healthcare sector from Manipal Health Enterprises Pvt. Ltd (MHEPL), to provide end-to-end IT infrastructure solutions.

ITC net up 21 pc at Rs 1,389 cr in Q3

Fri, 21 Jan 2011 03:29:46 GMT

Diversified conglomerate ITC Limted on Friday posted a 21.4 per cent increase in its net profit to Rs 1,389.08 crore in the quarter ended December 31, 2010 over the same period last fiscal.

PNB posts Rs 1,090 cr net profit in Q3, up 7.8 pc

Fri, 21 Jan 2011 03:13:52 GMT

Punjab National Bank (PNB) on Friday reported 7.8 per cent growth in net profit to Rs 1,090 crore for the third quarter ended December 31, 2010. It had net profit of Rs 1,011 crore during the corresponding period a year ago.

BHEL net profit up 31 pc at Rs 1,403 cr in Q3

Fri, 21 Jan 2011 02:59:55 GMT

Bharat Heavy Electrical Ltd (BHEL) on Friday reported 31 pc jump in its net profit at Rs 1,403 crore for the quarter ended December 31, 2010, on the back of robust growth in sales. The company reported a net profit of Rs 1,072 crore in the same quarter previous financial year.

RAK Ceramics unveils Elegance Ceramiche sanitaryware

Fri, 21 Jan 2011 02:48:59 GMT

RAK Ceramics, World’s No. 1 ceramic tiles manufacturer, has introduced RAK Elegance Ceramiche series, an imported Italian designer sanitaryware collection in India.

Suzlon Energy bags 218 MW order in Brazil

Fri, 21 Jan 2011 12:27:58 GMT

Suzlon Energia Eolica do Brasil Ltda, a subsidiary of Suzlon Energy Ltd bagged order from Martifer Renovaveis Geracao de Energia Participacoes S A to set up, operate and maintain a 218 MW project across the states of Ceara and Rio Grande do Norte in Brazil.

Wipro posts a net of Rs. 1,318 crore in Q3

Fri, 21 Jan 2011 09:12:27 GMT

Wirpo Ltd has posted a net profit of Rs 1,318.80 crore for the quarter ended December 31, 2010 as compared to Rs 1,203.20 crore in the corresponding period last year. Total income went up from Rs 7,069.80 crore to Rs 8,004.40 crore from yearago period.

T K Kurien to head Wipro's IT business

Fri, 21 Jan 2011 08:57:17 GMT

Wipro Limited on Friday announced the appointment of T K Kurien as the Chief Executive Officer of the Information Technology business and Executive Director of the company. Girish Paranjpe and Suresh Vaswani, the current Joint CEOs of IT business, will step down on February 1, 2011.

SKS Microfinance has loan sanction of Rs 2,000-crore: CFO

Thu, 20 Jan 2011 07:43:31 GMT

SKS Microfinance , which has been sailing in rough weather in Andhra Pradesh ever since the state government promulgated an ordinance to regulate microfinance lenders, on Thursday said it has a loan sanction of Rs 2,000 crore from various banks.

Prime Minister launches mobile number portability

Thu, 20 Jan 2011 07:10:43 GMT

Prime Minister Manmohan Singh on Thursday launched nationwide mobile number portability (MNP), a move that will allow users to switch operators without losing their phone numbers. Customers will have to pay a maximum of Rs 19 to an operator to change their network.

BSA launches Software Asset Management program for SMEs

Thu, 20 Jan 2011 06:44:12 GMT

Business Software Alliance (BSA), the voice of world’s commercial software industry, on Thursday launched its education and certification program “Leadership in Software Asset Management: A Step towards improved Corporate Governance” for small and medium enterprises (SMEs) in Andhra Pradesh.

Cognizant gets Eli Lilly order

Thu, 20 Jan 2011 05:53:29 GMT

Cognozant Technologies, a leading provider of consulting, technology, and business process outsourcing (BPO) services, announced that it was selected by Eli Lilly and Company,

Samsung India aims 40 p.c. revenue growth during 2011

Thu, 20 Jan 2011 05:41:12 GMT

Samsung India Electronics, a leading consumer electronics brand in the country, is aiming 40 per cent revenue during 2011, as against $3.5 billion it generated in the calendar year 2010, said the company’s Deputy Managing Director R Zutshi.Flat panel TV sets, ACs and others will drive the growth.

Dr. Reddy’s launches Pantoprazole Sodium delayed-released tablets

Thu, 20 Jan 2011 05:27:45 GMT

Dr. Reddy’s Laboratories on Thursday announced that it launched Pantoprazole Sodium Delayed-Released tablets (20mg and 40mg strengths), a bioequivalent generic version of Protonix® Tablets in the US market.

IMImobile revolutionizes ring back tone, music on mobile

Thu, 20 Jan 2011 03:51:12 GMT

IMImobile, a next-generation end-to-end enabler of Mobile Value Added Services for Mobile Operators, Media Companies and Enterprises, on Thursday launched an innovative service ‘Make My Tunes’ on its industry leading RBT platform.

Kya Yaar beta version launched

Thu, 20 Jan 2011 03:02:40 GMT

KyaYaar is now beta-live and it promises to create a web presence for every business and enable users to find, discuss and share about it.

Sin and the City: Study by Knorr Soups on unhealthy snacking habits

Thu, 20 Jan 2011 02:55:52 GMT

Everybody enjoys a good snack in the evening. But not all snacks are healthy. Most snacks that we eat during the evening are usually unhealthy as they are mostly deep-fried food items. Not only are they unhealthy but at most time they also kill the appetite for dinner.

Reliance Digital offers new experience to bloggers

Thu, 20 Jan 2011 02:51:21 GMT

After initiating that Digital push towards connecting with consumers on a more direct and personal note via social media, Reliance DIGITAL TV has gone a step further to garner consumer sentiment.

Ybrant Digital nursing billion-dollar dream: Suresh Reddy

Thu, 20 Jan 2011 02:19:05 GMT

Ybrant Digital Chairman Suresh Reddy said not just his company, but every other player in the fray after the global consolidation will do more than a billion-dollar business each in the digital marketing space. Ybrant will acquire more companies and is planning to go public.

Biocon's quarterly net crosses Rs. 100-Cr mark

Thu, 20 Jan 2011 12:36:34 GMT

Kiran Mazumdar-Shaw, Chairman & Managing Director said "Biocon has delivered the highest ever PAT this quarter and has crossed the Rs:100 crore mark. The operating margin has also increased to 24% this quarter reflecting the improved quality of earnings.

Prime Minister to launch Mobile Number Portability

Wed, 19 Jan 2011 07:27:30 GMT

Prime Minister Manmohan Singh is slated to flag off the nationwide roll-out of mobile number portability tomorrow, a move that will allow users to switch operators without losing their phone numbers and will force telecom providers to improve the quality of their services.

LIC Housing Finance posts Rs 213 cr net in Q3, up 38 pc

Wed, 19 Jan 2011 05:47:21 GMT

LIC Housing Finance's October-December net was up 38 per cent for three months ended on December 31 versus the same period a year earlier. Net profit was Rs 213 crore as against Rs 154 crore .

Facebook training by Brio Factors on Feb. 13

Wed, 19 Jan 2011 05:39:25 GMT

Most of those on Facebook are there because it has become a social order. But most users do not know how to leverage the advantage of being there and doing that. With a view to sharing the knowledge, Brio Factors Technologies will be organising a day-long workshop on February 13.

AdvantageAP IT, ITeS conference on March 1 & 2 in Hyderabad

Wed, 19 Jan 2011 05:22:44 GMT

A two-day conference and exhibition will be organised on March 1 and 2 in Hyderabad for setting the stage for the next leap forward in Information Technology.

Panasonic partners Modicare for direct sales

Wed, 19 Jan 2011 04:25:53 GMT

As part of the agreement, initially, select Panasonic personal care products will be sold through the vast Modicare network of 40 centres spread across 2700 cities.

Uninor launches ‘Unlimited Music’ for Rs 2.50 a day

Wed, 19 Jan 2011 04:25:51 GMT

Telecom operator Uninor on Wednesday launched ‘Unlimited Music’ across Andhra Pradesh Circle and all other circles simultaneously.

PepsiCo India’s hunt for Indra’s advisors culminates at ISB

Wed, 19 Jan 2011 04:16:13 GMT

PepsiCo India, country’s leading food and beverage business, on Wednesday announced ‘Jackdaws’ from ISB Hyderabad as the winners of the fourth edition of its campus engagement challenge ‘Become Indra’s Advisors Contest’.

Bajaj Auto Q3 net up 40 pc at Rs 667 crore

Wed, 19 Jan 2011 03:20:17 GMT

Bajaj Auto, one of the largest two-wheeler manufacturers in India, posted a net profit of Rs 6,67.11 crore for the quarter ended December 31, 2010 as compared to Rs 4,75.14 crore for the quarter ended December 31, 2009, registering growth of 40.40 per cent.

Biting the hand that feeds IT

Wed, 19 Jan 2011 03:10:38 GMT

The Indian Income Tax department’s demand, that one of the country’s best known names in the global Information Technology services business – Infosys – fork out four billion rupees in taxes

Cyber attack toolkits dominate internet threat landscape

Wed, 19 Jan 2011 02:50:33 GMT

Symantec Corp. on Wednesday announced the findings of its report on attack toolkits and Malicious Websites. The study reveals that as attack kits become more accessible and relatively easier to use, they are being utilized much more widely.

Humane Society Intl applauds chef Ravindran's cage-free egg initiative

Wed, 19 Jan 2011 02:43:40 GMT

Humane Society International is praising Chef Mako Ravindran for switching all eggs used by his company to cage-free.

Infotech net falls 2.8 pc at 36.8 cr, revenue up 31 pc in Q3

Wed, 19 Jan 2011 02:15:55 GMT

City-based Infotech Enterprises Ltd on Wednesday said its net profit fell 2.8 per cent at Rs 36.84 crore for the third quarter ended December 31,2010, from Rs 37.91 crore net it generated in the same quarter last fiscal. The company’s Q-o-Q net jumped 11.7 per cent from Rs 32.99 crore in Q2.

HCL Tech net up 34 p c at Rs 400 cr in Q2

Wed, 19 Jan 2011 01:05:12 GMT

HCL Technologies, a leading software company, on Wednesday reported a jump of 34.2 per cent in net profit at Rs 400 crore for the quarter ended December 2010, from Rs 287 crore during the same quarter a year ago. The company registered a quarter-on-quarter growth of 20.7 per cent in the net.

Intelligentsia is in-thing in InRhythm

Wed, 19 Jan 2011 11:50:26 GMT

InRhythm Solutions is a Data processing, standardization, analytics and modeling services company with giant clients like Philip Morris, and Miller Brewing C9. The company, which was launched with a share capital of Rs. 50 lakh six years ago, is now a Rs. 6 crore entity.

Jones Lang LaSalle launches website for lease acconting changes

Wed, 19 Jan 2011 10:18:01 GMT

Jones Lang LaSalle today announced it has launched a website (www.LeaseAccountingChanges.com) to deliver leading-edge strategies, tools, and information to help corporations worldwide navigate the upcoming changes in global lease accounting treatment.

Home Buying Tips: When Should You Take The Plunge?

Wed, 19 Jan 2011 08:55:07 GMT

There is a school of thought that states that you should buy a home as soon as you can afford it.

TRAI to begin consultations on 4G by June

Tue, 18 Jan 2011 07:58:56 GMT

Even as the operators are yet to start offering NextGen 3G mobile services on full stream, telecom regulator TRAI today said it would come out with a consultation paper on fourth generation mobile (4G) services by the middle of this year.

Airtel digital TV brings in a la carte offerings for customers

Tue, 18 Jan 2011 06:39:39 GMT

Airtel digital TV, the DTH service from Bharti airtel, announced the a la carte pricing of all the 198 linear channels available on its platform, effective January 1, 2011. The initiative will empower the airtel digital TV customers to create their own channel packages.

Bafna Pharma receives Quality Excellence SILVER Award 2010

Tue, 18 Jan 2011 06:23:19 GMT

Bafna Pharmaceuticals, the Chennai-based pharma company engaged in the manufacturing of pharmaceutical formulations of Betalactum and Non–Betalactum, received the Indian Drug Manufacturers’ Association (IDMA) Quality Excellence Awards for 2010 – Silver Award.

Coastal Projects picks up 26 p.c. stake in SELI

Tue, 18 Jan 2011 05:50:02 GMT

Coastal Projects Limited has announced that it has acquired 26 per cent of stake in S.E.L.I. (Societa Esecuzione Lavori Idraulici S.p.A), one of the world’s most experienced tunneling contractors, for a total consideration of EUR 17.85 million (approximately Rs.108 crore).

TCS plans to hire 37,000 people from campuses in FY12

Tue, 18 Jan 2011 05:32:17 GMT

IT bellwether Tata Consultancy Services on Tuesday said it would hire 37,000 professionals for its domestic and overseas markets through campus placements during the next fiscal.The company had hired 27,500 professionals through campus recruitment last year.

Draw cash with ICICI debit cards at shops, outlets

Tue, 18 Jan 2011 05:16:52 GMT

ICICI Bank Ltd, India’s largest private sector bank, on Tuesday announced the launch of cash withdrawal at Point of Sale (POS) terminals. With this ICICI Bank has become the first in the country to enable its customers to withdraw cash at POS terminals upto Rs. 1,000 a day.

Ybrant Digital raises US $ 48 million, to enter mobile marketing

Tue, 18 Jan 2011 04:24:40 GMT

Digital marketing company, Ybrant Digital, is entering mobile marketing, gaming, co-registration and also planning to expand through acquisitions. The more-than-s.1,000-crore digital marketing company raised US $ 48 million and plans to raise some more fund through various routes including an IPO.

NCC acquires 55 p.c. stake in Nelcast Energy

Tue, 18 Jan 2011 04:15:45 GMT

Nagarjuna Construction Company Ltd on Tuesday announced that had acquired, through its subsidiary NCC Power Projects Ltd (NCC PPL), 55 per cent equity stake of Nelcast Energy Corporation Limited (NECL), which is developing a 1320 MW Thermal Power Project at Krishnapatnam, Nellore Dist.

Tatas to set up 3 JV units in Aerospace SEZ in Hyderabad

Tue, 18 Jan 2011 04:02:37 GMT

Following Tata Group chairman Ratan Tata's announcement that Hyderabad will be made their aerospace hub, the company is setting up three joint venture projects in the Aerospace Special Economic Zone at Adibhatla near Hyderabad with an outlay of Rs 1,000 crore.

Canara HSBC OBC Life Insurance appoints John Holden as CEO

Tue, 18 Jan 2011 03:45:07 GMT

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited announced the appointment of John Holden as its Chief Executive Officer.

Max New York Life launches 'FLEXI Fortune'

Tue, 18 Jan 2011 03:37:51 GMT

Max New York Life Insurance launched 'FLEXI Fortune', a unit-linked insurance plan that offers consumers the flexibility to customise the plan as per their needs through choice of policy tenure, life cover multiple and fund options.

Four Soft signs pact with Universal Freight Management

Tue, 18 Jan 2011 03:18:31 GMT

Four Soft has entered into an agreement with Universal Freight Management (India) (P) Ltd for the implementation of its web centric freight management system (4S eTrans) and India customs compliance solutions (4SeCustoms) to be implemented across multiple locations.

iXiGo partners Indira Gandhi International Airport

Tue, 18 Jan 2011 12:44:36 GMT

iXiGO.com has partnered with Delhi's Indira Gandhi International Airport (IGIA) for enabling a flights & hotels search engine on the IGIA website http://www.newdelhiairport.in.

Fire breaks out at IOC depot in Mumbai

Tue, 18 Jan 2011 10:35:46 GMT

A major fire broke out at the Indian Oil Corporation depot at Taloja in Navi Mumbai in the wee hours of Tuesday, destroying around 40,000 litres of lubricant oil.

Audi India to launch its own finance arm this year

Tue, 18 Jan 2011 10:28:12 GMT

German luxury car maker Audi India said it would launch its own finance arm in the country by the first quarter of 2011.

IMImobile CEO among 50 most important people in mobile content

Mon, 17 Jan 2011 06:29:23 GMT

City-based IMImobile said that its CEO, Vishwanath Alluri, was named one of Mobile Entertainment’s fifty most important people in mobile content.

TCS posts Rs 2,369.83 cr net in Q3, up 30 pc

Mon, 17 Jan 2011 05:57:40 GMT

IT bellwether Tata Consultancy Services Limited on Monday said it posted a net profit of Rs 2,369.83 crore for the third quarter ended December 31, 2010, as against Rs 1,823.9 crore during the same quarter a year ago, a growth of 29.9 per cent.The IT major achieved net sales of Rs 9,663.35 crore.

Canon takes over Océ operations in India

Mon, 17 Jan 2011 05:13:19 GMT

Canon India, the country’s foremost technology provider in the printing domain, and Océ, an international leader in digital document management and delivery, on Monday announced that they will join forces in India.

L&T net up 11 p.c. at Rs 840.6 cr in Q3

Mon, 17 Jan 2011 03:44:34 GMT

Engineering major Larsen & Toubro (L&T) has on Monday reported a net profit at Rs 840.6 crore during the third quarter ended December 31, 2010, as against Rs 758.82 in same period of previous year, a growth of 10.78 per cent.The company’s revenues jumped 40.52 per cent to Rs 11,413 crore.

Four Soft ties up with Japan`s Suzuyo System

Mon, 17 Jan 2011 03:04:25 GMT

Four Soft announced its strategic marketing partnership with Suzuyo System Technology, a group company of the Japan`s logistics group, Suzuyo Group.This partnership is key to Four Soft strengthening its focus on the Japanese market in its core business.

HCL Infosystems bags order from Kerala Government

Mon, 17 Jan 2011 02:46:18 GMT

HCL Infosystems, India’s premier hardware, services and ICT Systems Integration and distribution company, on Monday said it bagged a contract from Kerala State Electronics Development Corporation Ltd. (Keltron).

MCMA seeks fiscal Incentives to promote eco-friendly packaging

Mon, 17 Jan 2011 02:21:41 GMT

Metal Container Manufactures Association (MCMA) on Monday demanded that the government should provide fiscal incentives to promote eco-friendly packaging.

Fidelity launches India Children’s Plan

Mon, 17 Jan 2011 01:54:58 GMT

Fidelity Mutual Fund on Monday launched Fidelity India Children’s Plan, an open ended hybrid scheme that consisted of three funds focused on education, marriage and savings.

United States debt crosses Rs 6,36,94,100 crore ($14 trillion)

Mon, 17 Jan 2011 11:41:57 GMT

The United States, which boasts of world’s largest economy, has just passed a dubious milestone: Government debt surged to an all-time high, more than $14 trillion. That means American Congress soon will have to lift legal debt limit or dramatically cut spending to stay within the current cap.

JSW Steel acquires Bellary steel assets for Rs 210 cr

Mon, 17 Jan 2011 11:23:57 GMT

JSW Steel , India's No. 3 producer of the alloy, has bought assets of Bellary Steel for Rs 210 crore, according to the company’s joint managing director MVS Seshagiri Rao told ET Now on Monday.

DQE signs French co-production deal for ‘Little Nick’

Mon, 17 Jan 2011 10:58:37 GMT

DQ Entertainment, the city-based the animation and live action entertainment production company, on Monday announced that it entered into a co-production agreement for the second series of the animation of Le Petit Nicolas with M6 Studios (France), a well-known TV broadcaster and producer.

JK Tyres to go for 2-4 pc price hike by month-end

Mon, 17 Jan 2011 10:28:51 GMT

With rubber prices on the upward spiral, tyre maker JK Tyre & Industries decided to hike price of its products by two to four per cent. The price revision in the range of two to four per cent is inevitable and it would be made effective from the last week of this month across the country.

Psymphony business symposium in US to attract invetsments

Sun, 16 Jan 2011 11:35:09 GMT

A business symposium to attract investments into South India is being organised on January 22 at Atidhi Indian Restaurant, 727, Old San Francisco Road, Sunnyvale, California in the United States of America. It is intended for NRIs who are looking at making investments in businesses back home.

Petrol prices hiked for second time in a month

Sun, 16 Jan 2011 07:37:12 GMT

State-owned oil companies today raised petrol prices by Rs 2.50-Rs 2.54 per litre, the second hike in a month, on back of rising crude oil prices. Indian Oil Corp raised petrol prices by Rs 2.50 per litre with effect from midnight tonight.

Sensex slips below 19,000 level; Nifty down 97 points

Fri, 14 Jan 2011 06:45:48 GMT

Benchmark indices ended below crucial support levels Friday raising concerns of further decline in coming sessions. Indian markets have been under pressure on worries of inflation, interest rate hike and liquidity crunch.BSE’s Sensex closed at 18860.44, down 322.38 points or 1.68 per cent.

RBI will initiate right action to stablise prices: Pranab

Fri, 14 Jan 2011 05:47:54 GMT

Amid expectations that RBI will hike policy rates later this month to tame high inflation, Finance Minister Pranab Mukherjee said Reserve Bank of India (RBI) will take appropriate monetary action to stabilise prices.He said the apex bank always keeps the economic situation under review.

FCI plans to hire 9,000 professionals in coming 3 years

Fri, 14 Jan 2011 04:59:29 GMT

Food Corporation of India (FCI), the government's nodal agency for procurement and distribution of foodgrains, said on Friday that it would recruit hire 9,000 professionals over the next three years.

RCOM unveils user generated caller tune service

Fri, 14 Jan 2011 04:33:50 GMT

Reliance Communications, India’s largest integrated telecom operator, introduces India’s first, user generated caller tune service. This exclusive service allows customers to record any content via ‘Tune Maker’ platform and set it as their own caller tune.

Johnson & Johnson launches smoking cessation gum ‘Nicorette’

Fri, 14 Jan 2011 04:24:16 GMT

Johnson & Johnson Limited on Friday announced the launch of Nicorette, the number one smoking cessation brand worldwide, in India. Nicorette gum is a sugar-free nicotine gum that doubles your chances to stop smoking altogether by reducing nicotine cravings that make kicking the habit so difficult.

HDFC net profit up 32.8 pc at Rs 891 cr in Q3

Fri, 14 Jan 2011 02:57:38 GMT

Housing Development Finance Company (HDFC) on Friday said it registered 32.8 per cent jump in its net at Rs 891 crore during the Q3, as against Rs 671.3 crore in the same period a year ago.The company’s net interest income jumped 25.6 per cent to Rs 1,328 crore in Q3 from Rs 1,058 crore a year ago.

Tata Motors global sales up 21 pc in Dec 2010

Fri, 14 Jan 2011 02:33:17 GMT

Homegrown automaker Tata Motors on Friday said its global sales increased by 21 per cent in December 2010 to 90,294 units on robust demand for commercial vehicles but sales of luxury brands from Jaguar Land Rover remained flat.

Zee Entertainment posts Rs 155 cr net in Q3

Fri, 14 Jan 2011 02:29:09 GMT

Zee Entertainment Enterprises Ltd (ZEEL) on Friday announced it posted 6.15 per cent jump in its net profit at Rs 155.45 crore for the third quarter ending December 31, 2010. The company posted a net profit of Rs 146.43 crore in the corresponding quarter last fiscal.

Land Rover wins two awards from What Car? magazine

Fri, 14 Jan 2011 02:13:01 GMT

Land Rover had an outstanding evening at the 2011 What Car? Awards, walking away with two special accolades. Firstly, the Land Rover Discovery 4 was once more named 4x4 of the year.The Range Rover Evoque won the Reader Award for the most exciting car of 2011.

Price escalations push December inflation to 8.43 p.c.

Fri, 14 Jan 2011 01:20:20 GMT

Inflation zoomed to 8.43 per cent during December, from 7.48 per cent in the previous month, as prices of certain food and non-food items continued to show an upward trend. After moderating somewhat in November, the overall inflation, measured on the basis of wholesale prices, rose in December.

Anil Sardana appointed as Managing Director, Tata Power

Thu, 13 Jan 2011 07:15:34 GMT

Tata Power on Thursday announced the appointment of Anil Sardana as Managing Director with effect from February 1, 2011. He will replace current incumbent Prasad R Menon, who is due for retirement on 31st January 2011

Tata Communications gets new MD & CEO

Thu, 13 Jan 2011 06:48:34 GMT

Tata Communications Limited on Thursday said that Vinod Kumar, Director on its Board, is appointed as the new Managing Director and CEO of the company with effective February 1, 2011.

Bourses tank, technology, banking stocks bleed

Thu, 13 Jan 2011 06:10:51 GMT

Indian markets ended in deep red as concerns of interest rate hike by the Reserve Bank of India and below street expectation quarterly results from Infosys Technologies hurt sentiments.

IL&FS allowed to pick up 80 pc stake in Maytas Properties

Thu, 13 Jan 2011 05:43:51 GMT

The Company Law Board (CLB) on Thursday allowed IL&FS to take over Maytas Properties, a company promoted by the family members of disgraced Satyam founder Ramalinga Raju. IL&FS has been allowed to hold 80 per cent of the equity in Maytas Properties

New rules for tourist visas in India

Thu, 13 Jan 2011 05:33:37 GMT

Foreigners travelling to India on tourist visas have to give a two-month gap before they re-enter the country, according to new government rules aimed at avoiding "misuse" of the tourist visa. The new rules make a two-month gap mandatory between two visits.

L&T exports first nuclear power equipment to US

Thu, 13 Jan 2011 04:53:32 GMT

Engineering major Larsen & Toubro (L&T) Ltd on Thursday delivered the first four dry shielded canisters for Transnuclear, Inc, US, an Areva company. These canisters form a part of orders of 50 such units for three leading American nuclear power plant operators.

Ramky ties up funds for Rs 1,760-cr road project

Thu, 13 Jan 2011 04:40:31 GMT

City-based Ramky Infrastructure Limited (RIL) on Thursday said it achieved financial closure for converting 212-km road from Narketpally to Addanki and Medarametla on State Highway-2 into four lanes.The company said the cost of the project was estimated at Rs1760.53 crore

Pepsi launches ‘CHANGE THE GAME’ campaign

Thu, 13 Jan 2011 04:26:56 GMT

This ICC Cricket World Cup, Pepsi celebrates the new unorthodox yet immensely popular face of modern cricket with its high decibel and path-breaking campaign – ‘CHANGE THE GAME’.

Aircel introduces Facebook voice updates

Thu, 13 Jan 2011 02:24:50 GMT

Aircel, a leading telecom player with pan-India operations and a subscriber base of over 50 million, introduces an innovative way to connect to your family and friends on Facebook, a social site with over 500 million users around the world, through the new Facebook voice updates on Aircel.

Food inflation remains high at 16.91 p.c.

Thu, 13 Jan 2011 02:04:43 GMT

Country’s food inflation eased marginally from a year high but stayed at levels enough to keep pressure on annual headline inflation in December. The food inflation rose 16.91 per cent and the fuel price index climbed 11.53 per cent during the week ended on January 1.

Infosys adds 5,311 people, 40 new clients during Q3

Thu, 13 Jan 2011 01:41:39 GMT

IT bellwether Infosys Technologies, which reported lower than expected Q3 results on Thursday, said it recruited 5,311 new employees during last quarter, taking its total headcount to 1.27 lakh. The company added 40 new clients during the quarter.

Infosys Q3 net up 14 p.c., lags behind forecast

Thu, 13 Jan 2011 11:25:32 GMT

Infosys, which kicked off results for the country's showpiece $60 billion IT services sector, said net profit for the fiscal third-quarter ended December rose to Rs 1780 crore ($396.4 million) from Rs 1,560 crore a year ago. Shares, climbed 13.3 percent in October-December.

Vibrant Gujarat summit proves super hit

Wed, 12 Jan 2011 07:58:33 GMT

Apart from showering mega investments on Gujarat, captains of Indian industry, including Ratan Tata and Mukesh Ambani, today heaped praises on Chief Minister Narendra Modi and described him as a great visionary.

Coromandel International posts Rs 150 cr net in Q3

Wed, 12 Jan 2011 07:08:05 GMT

Coromandel International, a part of Chennai-based Murugappa Group, posted a net profit of Rs.150.29 crore for the third quarter ended December 31, 2010, as against Rs 146.12 crore during the same quarter last fiscal, a growth of 2 per cent.

GMS Group to set up 30-40 new schools every year

Wed, 12 Jan 2011 06:43:42 GMT

Gowtham Model Schools (GMS) Group embarked on an expansion spree with plans to add over 30 to 40 schools every year, not only in Andhra Pradesh but in other parts of the country as well, including cities like Pune, Raipur and even tier II cities, municipalities and panchayats.

JP Morgan Chase opens a new branch in Hyderabad

Wed, 12 Jan 2011 05:20:14 GMT

JPMorgan Chase, India, on Wednesday opened a new office for its Global Service Center in Hyderabad.

Dell launches printers in India

Wed, 12 Jan 2011 05:04:50 GMT

Dell announced on Wednesday the launch of printers in India, introducing a comprehensive range of printing devices for home offices, small and medium businesses and workgroups.

CA Technologies releases new solutions for cloud computing

Wed, 12 Jan 2011 04:43:54 GMT

CA Technologies on Wednesday announced the general availability of three key products in the CA Automation Suite, launched in October.

GM to launch 6 new cars; invest Rs 450 cr in Gujarat

Wed, 12 Jan 2011 04:04:58 GMT

General Motors on Wednesday said it would roll out six new cars in India in the next two years. The automaker also said it would invest $100 million (nearly Rs 450 crore) to increase production capacity at its Halol plant in Gujarat.It also lined up 14 new variants of its existing models.

Centre plans steps to spur industrial growth: Pranab

Wed, 12 Jan 2011 03:52:45 GMT

Saying that deceleration in industrial growth to 2.7 per cent in November and high inflation could have an adverse impact on the economy, Finance Minister Pranab Mukherjee on Wednesday promised corrective steps to push up factory output.

Reliance Broadcast Network to buy Imagine Showbiz

Wed, 12 Jan 2011 03:37:00 GMT

Reliance Broadcast Network will acquire Imagine Showbiz Limited (ISL) from Cinestar advertising for an undisclosed sum. The proposed acquisition will include a 100 per cent purchase of ISL's shareholding along with other assets, the company said in a statement.

IPO norms for life insurance companies in Feb: IRDA

Wed, 12 Jan 2011 02:33:00 GMT

Insurance Regulatory and Development Authority of India (IRDA) said on Wednesday that guidelines for Initial Public Offerings (IPOs) of life insurance companies would be announced in early February.In October last year, market regulator Sebi had approved life insurance companies to issue IPOs.

JK Tyre launches Truck Wheels Service centre in Vijayawada

Wed, 12 Jan 2011 01:29:17 GMT

JK Tyre & Industries Ltd, India’s leading truck, bus radial manufacturer, launched its first state of the art Truck Wheels centre at Vijayawada on Wednesday.

ICICI Bank , Vodafone Essar ink pact for financial inclusion

Wed, 12 Jan 2011 12:31:39 GMT

ICICI Bank Ltd and Vodafone Essar Ltd on Wednesday announced a joint initiative to drive financial inclusion in the country.

Industrial growth nosedives to 2.7 p.c. in November 2010

Wed, 12 Jan 2011 12:21:54 GMT

Industrial growth plunges to 2.7 per cent in November 2010 against 11.3 per cent in the same period a year-ago, pulled down by dismal performance of manufacturing sector. In October 2010, the Index of Industrial Production (IIP) had expanded by 11.29 per cent.

GVK Bio, Dow AgroSciences identify lead molecule for research

Wed, 12 Jan 2011 11:28:17 GMT

Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company, announced on Wednesday that the company identified a new lead molecule for advancement in its alliance with GVK Biosciences (GVK Bio), Asia’s leading contract research organization.

Pegasystems delivers enterprise customer service on cloud

Tue, 11 Jan 2011 08:03:09 GMT

Pegasystems, a leader in business process management (BPM) solutions, today announced the release of its Pega Cloud for CRM offering to meet the increased demands that today’s organizations have for implementing their customer service initiatives on the cloud.

Y S Jagan goes national, holds a day fast in New Delhi

Tue, 11 Jan 2011 07:54:52 GMT

Former Kadapa Member of Parliament Y S Jaganmohan Reddy, son of former Andhra Pradesh Chief Minister Dr Y S Rajasekhar Reddy, held one-day fast at Janthar Manthar in New Delhi in protest against the injustice meted out to Andhra Pradesh in the recent Krishna Water Disputes Tribunal award.

Auto sales up 31 pc in Dec, but SIAM sees slowdown

Tue, 11 Jan 2011 06:15:41 GMT

December 2010 automobile sales in India grew 30.51 per cent, continuing a healthy trend witnessed during the year but rising interest rates and high commodity prices could slow down the growth, said Society of Indian Automobile Manufacturers (SIAM) on Tuesday.

Shankar Bali joins Sistema Shyam Teleservices as COO

Tue, 11 Jan 2011 05:38:34 GMT

Sistema Shyam TeleServices Ltd (SSTL), on Tuesday, announced the appointment of Shankar Bali as the Chief Operating Officer of Delhi NCR & Haryana circle.Shankar will be responsible for further stimulating the business growth for the company in the region.

Volkswagen Group global sales cross 70 lakh units in 2010

Tue, 11 Jan 2011 05:08:02 GMT

Volkswagen Group saw its sale improving significantly in 2010 as the German carmaker delivered more than 70 lakh units for the first time in a twelve-month period. In total, the automaker sold 71.4 lakh vehicles across the world, a 13.5 per cent upswing from 62.9 lakh units it delivered in 2009.

Reliance gas output from KG basin to increase to 60 mmscmd

Tue, 11 Jan 2011 04:42:29 GMT

After experiencing a decline, Reliance Industries is likely to regain 60 million standard cubic meters per day of natural gas output from its eastern offshore KG-D6 fields by April, according to Directorate General of Hydrocarbons (DGH).Reliance saw natural gas output fall to 50-52 mmscmd recently.

Lanco Infratech ties up funds for Rs 2,610-cr gas-based power plant

Tue, 11 Jan 2011 01:01:26 GMT

Lanco Infratech Ltd on Tuesday said its subsidiary Kondapalli Power Private Limited, which is developing 732 MW (2x366) gas-based power project in Andhra Pradesh, achieved financial closure for the project.

Oral insulin testing by Biocon

Tue, 11 Jan 2011 10:47:02 GMT

Biocon, Asia's leading biopharmaceutical enterprise, released preliminary data from a recently concluded clinical study conducted in India, on IN-105, its novel oral insulin candidate for the treatment of diabetes.

Dubai Shopping Festival 2011 road show in Mumbai

Mon, 10 Jan 2011 06:48:04 GMT

Dubai Events and Promotions Establishment (DEPE), organizers of the Dubai Shopping Festival (DSF), brought the biggest shopping and entertainment extravaganza in the Middle East to India promoting the event in Mumbai for its forthcoming 2011 edition.

Maytas Infra name changed to IL&FS Engg

Mon, 10 Jan 2011 06:39:16 GMT

Maytas Infra, the company once promoted by kin of disgraced Satyam founder B Ramalinga Raju, will now be known as IL&FS Engineering and Construction Company Ltd, after the name of its new promoter.

Generator Rex to storm Indian TVs on Sunday

Mon, 10 Jan 2011 05:55:41 GMT

Saving the world? All in a day’s work for Generator Rex, the latest power-packin’ adventure series set to take over Indian TV screens. From the creators of global phenomenon Ben 10, Generator Rex has already proved a huge hit in the U.S.

‘Indian LT AC Brushless Alternator market continues to grow’

Mon, 10 Jan 2011 05:48:12 GMT

The Indian low tension (LT) alternating current (AC) brushless alternator market is a highly competitive and organized market, but the overall market for the product is expected to witness a high growth rate in short and medium terms, according to Frost & Sullivan report.

ASCAP give IT infra managment to Cognizant

Mon, 10 Jan 2011 05:37:53 GMT

ASCAP (the American Society of Composers, Authors and Publishers), the leading U.S. performing rights organisation, announced on Monday that Cognizant had been selected for a multi-year engagement t

Airtel launches 40Gbps direct terrestrial link between India, China

Mon, 10 Jan 2011 05:36:51 GMT

Bharti airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, in association with China Telecom Corporation on Monday announced the commencement of a direct underground terrestrial link between India and China.

FINO bags SKOCH Financial Inclusion Award 2011

Mon, 10 Jan 2011 05:17:45 GMT

Financial Inclusion Network & Operations (FINO) bagged SKOCH Financial Inclusion Award 2011 for its execution of the financial Inclusion initiatives for the year 2010-2011. Manish Khera, CEO, FINO received the award from Mr. C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister.

ISB signs MoU with Coca-Cola for retail academy

Mon, 10 Jan 2011 05:08:42 GMT

City-based Indian School of Business (ISB) on Monday signed a Memorandum of Understanding (MoU) with Coca-Cola India to set up retail academy at its campus in Hyderabad. The retail academy is aimed at training future leaders for the India’s burgeoning retail industry.

BMW India achieves record sales in 2010, retains No.1 slot

Mon, 10 Jan 2011 04:03:04 GMT

BMW India registered 73 pc upswing in its 2010 sales and retained number one position in the Indian luxury car market for the second consecutive year. The German luxury carmaker strengthened its leadership position by delivering 6,246 cars during the last calendar year.

iGate acquires 63 p.c. stake in Patni

Mon, 10 Jan 2011 03:56:04 GMT

US-based iGate on Monday acquired 63 per cent stake in India's sixth largest IT firm Patni Computer Systems for $1.22 billion. iGate will buy 45.6 per cent of stake of three founders of Patni -- Narendra Patni, Gajendra Patni and Ashok Patni-- and 17.4 per cent stake of PE firm General Atlantic.

CyberMedia-IDC end 24-year-long pact

Mon, 10 Jan 2011 03:48:34 GMT

Bringing an end to a 24-year partnership focused on IT research activities, global entity IDC and diversified group Cyber Media will now be pursuing their own market research business plans from March this year.

SC notices to Government, telcos on cancellation of 2G licences

Mon, 10 Jan 2011 03:42:51 GMT

The Supreme Court on Monday issued notice to the Centre on the plea seeking cancellation of 2G spectrum licenses allocated during the tenure of former Telecom Minister A Raja. The apex court also issued notices to 11 companies which allegedly did not fulfill the rollout obligations.

Onion, vegetable prices drive food inflation to 18.32 pc

Thu, 06 Jan 2011 05:01:47 GMT

Soaring onion and other vegetables' prices led to a sharp rise in inflation at 18.32 per cent for the week ended December 25, a development that may prompt the Reserve Bank to tighten monetary policy to check further escalation in commodity costs.

Omnitech acquires Avensus Netherlands BV for $ 9 Million

Thu, 06 Jan 2011 04:50:23 GMT

Omnitech InfoSolutions Ltd, India’s leading business availability and business continuity services provider, on Thursday, announced the acquisition of Avensus Netherlands BV. The acquisition deal has been pegged at $ 9 million in an earn-out structure.

Novell launches ZENworks 11

Thu, 06 Jan 2011 04:41:48 GMT

Novell, on Thursday, announced the general availability of Novell ZENworks 11, the industry's first 'single pane of glass' solution for endpoint management.ZENworks 11 seamlessly integrates four products into one unified platform.

Tata Motors launches new multi-purpose vehicle 'Venture'

Thu, 06 Jan 2011 03:17:51 GMT

Tata Motors on Thursday launched its new multi-purpose diesel vehicle 'Venture' in Rajathan.The vehicle is priced in the range of Rs 4.05 lakhs and Rs 5.07 lakhs (ex-showroom Jaipur).

HM tells parties to read Srikrishna report with 'open mind'

Thu, 06 Jan 2011 03:01:25 GMT

Union Home Minister P. Chidambaram on Thursday urged representatives of political parties in AP to read the Srikrishna Commitee report and the recommendations with an open mind.Handing over copies of the report to leaders of political parties, he hoped that the report will generate mature debate.

Srikrishna Committee: United Andhra Pradesh best option

Thu, 06 Jan 2011 02:47:02 GMT

Srikrishna Committee, whose report on Telangana tangle was out on Thursday, rated united Andhra Pradesh with statutory body for Telangana development as the best option for the way forward on the contentious issue of separate Telangana state.

Srikrishna Committee recommends six options

Thu, 06 Jan 2011 12:51:36 GMT

The Srikrishna Committee recommended six options as possible solutions for the problem, according to reports.The first option is to keep Andhra Pradesh united while constituting Telangana Development Boards for education and water facilities.

Hitachi Consulting acquires Sierra Atlantic

Wed, 05 Jan 2011 07:08:17 GMT

Hitachi Consulting on Wednesday said it acquired Sierra Atlantic, a leader in offshore enterprise applications and outsourced product development.The acquisition will expand Hitachi Consulting’s footprint with the addition of offshore development centers in Hyderabad and Guangzhou.

Volkswagen Group India wins four awards

Wed, 05 Jan 2011 06:42:35 GMT

Volkswagen Group India has won four prestigious awards at this year’s CNBC-Overdrive Awards 2011 held in Mumbai on Tuesday.

United Stock Exchange inks MoU with ASSOCHAM

Wed, 05 Jan 2011 06:37:37 GMT

United Stock Exchange of India (USE), India’s newest stock exchange, signed an MOU with the Associate Chamber of Commerce and Industry of India (ASSOCHAM) to promote activities aimed at creating awareness of the high growth potential in the Indian financial markets.

Uninor retailers win grand prizes in lucky draw

Wed, 05 Jan 2011 06:18:57 GMT

Uninor on Wednesday felicitated the grand winners of its exclusive retailer lucky draw program called ‘2 Sim Pe Win’ across Andhra Pradesh.

FedEx Express launches direct connection between India and Asia

Wed, 05 Jan 2011 06:10:09 GMT

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, today announced the launch of a new flight establishing direct connections between India

Jagan applies for political party registration with EC

Wed, 05 Jan 2011 05:25:01 GMT

Former Congress MP Y S Jaganmohan Reddy on Wednesday approached the Election Commission with an application for registration of his yet-to-be-launched political party.

Persistent Systems wins Titanium Award for excellence

Wed, 05 Jan 2011 05:12:16 GMT

Persistent Systems, a leader in outsourced software product development services, said on Wednesday that it won the Titanium award at The Asset Triple A Corporate Awards 2010 for excellence in corporate governance, social responsibility and investor relations.

ISB launches ‘young leaders programme’

Wed, 05 Jan 2011 05:00:44 GMT

The Indian School of Business (ISB) on Wednesday launched ‘Young Leaders Programme’ (YLP) for promising students who are in their pre-final year of graduation. The YLP is offered as a ‘bridge’ programme for graduate college students interested in making an early move into leadership positions.

Tata Motors launches Prima Construck range

Wed, 05 Jan 2011 04:37:55 GMT

Tata Motors launched Tata Prima Construck range, comprising the Tata Prima 3128.K and Tata Prima 2528.K With reliable design, higher engine power, heavy duty drive line and comfortable AC cabins, the Tata Prima range of Construcks are designed for better productivity and higher returns.

GSK Consumer Healthcare forays into toothpaste market

Wed, 05 Jan 2011 03:39:45 GMT

GlaxoSmithkline Consumer Healthcare on Wednesday forayed into the Indian oral care market by launching its global toothpaste brand 'Sensodyne' in the country. The company aims to make it Rs 150-crore brand in the next five years.

Dealivore expands national presence, enters New Delhi

Wed, 05 Jan 2011 03:08:28 GMT

Dealivore.com, the rapidly growing deal-a-day online-to-offline provider that uses the power of group clout to deliver exclusive offers on the best local goods, services, entertainment and fashion, on Wednesday announced the launch of Dealivore site in New Delhi.

French firm unveils car radio with smart features

Wed, 05 Jan 2011 02:56:37 GMT

French mobile technology firm Parrot unveiled a smart car radio that can find cheap fuel, free parking, and speed traps while taking music requests and placing phone calls.The Asteroid in-dash receiver will be available in Europe by the March end.

Re-enter PIN for every ATM transaction: RBI

Wed, 05 Jan 2011 02:43:53 GMT

In order to check misuse of ATM cards by unauthorised people, RBI has asked banks to allow only one transaction at ATM machines for one entry of PIN (Personal Identification Number which acts like a password for ATM transactions).

Kingston launches limited edition Lucky Bunny Drive

Wed, 05 Jan 2011 01:25:46 GMT

Kingston Digital, Inc, the flash memory affiliate of Kingston Technology Company, Inc., launched its limited edition Lucky Bunny Drive which is available with 4GB memory.

Sonata launches 41 new variants of Super Fibre watches

Wed, 05 Jan 2011 01:17:37 GMT

Sonata, India's largest selling watch brand from the house of Tata, unveiled new variants from Sonata Super Fibre, a range of waterproof, trendy and sporty looking watches from Sonata.

DQE signs merchandising pact with UK’s Mookie Toys

Wed, 05 Jan 2011 12:20:09 GMT

DQ Entertainment (DQE) on Wednesday said it entered into an exclusive toy licensing agreement for the 3D animated series The Jungle Book with UK`s Mookie Toys. Under the agreement, Mookie has acquired the toy licensing rights for The Jungle Book in the UK, Ireland and the Channel Islands.

AMD launches Ontario chip

Wed, 05 Jan 2011 07:44:40 GMT

AMD launched a new class of accelerated processor that combines more compute capabilities than any processor in the history of computing on Wednesday at the Consumer Electronics Show. These chips were designed by the company's Hyderabad office integrating the intellect of 86 super brains.

Crisil says GDP will grow 8.4 pc annually in next 5 yrs

Tue, 04 Jan 2011 06:44:03 GMT

Strong domestic demand will enable the Indian economy to register an average annual growth of 8.4 per cent during next five fiscals, according to ratings agency Crisil. It said the Indian economy faced five key constraints which if addressed would accelerate growth to 10 per cent annually.

Gold touches 21,000 mark, silver slips from record level

Tue, 04 Jan 2011 06:24:14 GMT

Increased buying by retail customers for the current marriage season saw gold regaining its crucial Rs 21,000 per ten grams level in the bullion market on Tuesday. However, silver fell from the record level.Meanwhile, Reserve Bank of India allowed seven more banks to import gold and silver.

VenSat appoints G V Babu as VP- India Studio Operations

Tue, 04 Jan 2011 05:52:11 GMT

VenSat Tech Services, Pvt. Ltd, a city-based company that offers a broad spectrum of services in animation, visual effects, motion comics and 2D/3D conversion to the international marketplace, on Tuesday announced the appointment of GV Babu as Vice President - India Studio Operations.

Mahindra 2 Wheelers registers 83 pc growth in Dec

Tue, 04 Jan 2011 04:59:05 GMT

Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, further consolidated its presence in the two wheeler segment in December 2010. The company's sales for the month of December 2010 stood at 14,971 units, as against 8,199 units in December 2009, an increase of 83 per cent.

Kodak hunts for India's best wedding photographer

Tue, 04 Jan 2011 04:44:17 GMT

Kodak India announces the second edition of its India's best wedding photographer of the year' contest for citizens of India, in association with Better Photography magazine. This contest is aimed to recognize those who capture moments and make them timeless in wedding ceremonies.

Indian carmakers on a roll as sales zoom in December

Tue, 04 Jan 2011 03:55:52 GMT

Automobile sales in the country continued to outpace expectations as automaker reported huge jump sales during the otherwise dull Dec, underlining robust growth momentum in one of the fastest growing auto markets.Maruti sales went up 17 pc while other companies also reported robust sales.

FDI falls nearly 7 pc to USD 1.6 billion in November

Tue, 04 Jan 2011 02:34:33 GMT

With economic recovery in the rich countries remaining fragile, Foreign Direct Investment (FDI) inflows to India dipped for the second consecutive month, falling by about 7 per cent to USD 1.6 billion in November 2010 over the same period last year.

NSDC to provide funds for training 2.4 lakh youth

Tue, 04 Jan 2011 02:26:29 GMT

National Skill Development Corporation (NSDC) on Tuesday said it would provide funding to Gurgaon-based Indian Institute of Skill Development (IISD) to train 2.4 lakh youngsters across the country over next 10 years.

Mumbai-based Trimax IT to raise Rs 250-cr through IPO

Tue, 04 Jan 2011 02:18:57 GMT

Mumbai-based IT solutions provider Trimax IT Infrastructure and Services (Trimax) plans to raise around Rs 250-crore through an initial public offering (IPO) this year.The company hopes to file the draft red herring prospectus (DRHP) with market regulator SEBI over the next 6-months.

Maruti Suzuki sales up 17 pc in December

Tue, 04 Jan 2011 12:28:35 GMT

India’s leading carmaker Maruti Suzuki reported 17.01 pc jump in its December sales at 99,225 units, as compared to 84,804 units in the same period a year ago, according to a company release.However, the sales showed a drop by 12.87 per cent from the November sales of 1.12 lakh unit.

NMDC-Arcelor Mittal JV hits roadblock in Senegal

Mon, 03 Jan 2011 07:55:55 GMT

The proposed JV between State-owned mining compnay NMDC and Arcelor Mittal to develop iron ore mines in Senegal, West Africa hit a roadblock on the issue of creation of infrastructure there, according to sources.The project requires erection of an 800 km-long railway track.

Hero Group official arrested in Citibank fraud case

Mon, 03 Jan 2011 06:59:58 GMT

Hero Group's senior official Sanjay Gupta was on Monday arrested in connection with the Citibank fraud case for allegedly investing about Rs 250 crore belonging to promoters of the group companies. He was remanded to five-day police custody later in the day.

ICICI Prudential Life signs Amitabh as brand ambassador

Mon, 03 Jan 2011 06:12:21 GMT

ICICI Prudential Life on Monday announced it signed on Amitabh Bachchan as brand ambassador. This is the first time that ICICI Prudential Life signed on a celebrity for a brand campaign. Amitabh Bachchan will feature in series of ads which will be part of a 360-degree multimedia campaign.

Apollo Hospitals wins most preferred hospital award

Mon, 03 Jan 2011 05:56:14 GMT

Apollo Hospitals won "India's most preferred Hospital - The Viewer's Choice Awards" in 'India Healthcare Awards 2010' conducted by ICICI Lombard General Insurance and CNBC-TV18, India's biggest business medium.

Now, Tata Nano available for sale across India

Mon, 03 Jan 2011 05:16:49 GMT

Buoyed by encouraging Tata Nano sales which were up from measly 509 units in Nov 2010 to 5,784 units last month, Tata Motors on Monday announced that the small car would now be available for sale in its 874 outlets pan-India. Till now, Nano was available for sales only in 12 states.

Hindustan Tin Works gets TCL-HACCP certification

Mon, 03 Jan 2011 04:09:54 GMT

Hindustan Tin Works Ltd (HTWL), one of the leading can manufactures in the country, was certified by TCL for ISO 9001:2008 and HACCP (Hazard Analysis and Critical Control Points). HTWL has been following a strict regime of quality control, quality assurance and food safety.

Abhay L Bongirwar takes charge as IDBI Capital CEO

Mon, 03 Jan 2011 04:03:10 GMT

Pursuant to the decision of the Board of IDBI Capital Market Services Limited in its meeting held on November 30, Abhay L. Bongirwar, CGM – IDBI Bank, has been appointed as the MD & CEO of IDBI Capital Market Services Ltd. Accordingly, he has taken over charge from Nagendra Bhatnagar.

India plans 'Navratna' Universities on lines of Ivy League

Mon, 03 Jan 2011 03:47:35 GMT

India will have 'Navratna' Universities on the lines of the famous Ivy League varsities, which will be free them from the shackles of government control, according to Union Minister Kapil Sibal. This would be achieved by measures like generous financial support and access to external funding.

KEC International bags Rs 980 cr orders

Mon, 03 Jan 2011 02:54:29 GMT

RPG group firm KEC International on Monday said it bagged three substation orders worth Rs 980 crore from Kazakhstan Electricity Grid Operating Company (KEGOC) and Power Grid Corporation of India (PGCIL).

HTC, Tata Docomo launch HTC 7 Mozart

Mon, 03 Jan 2011 02:32:59 GMT

HTC Corporation, a global designer of Smartphones, and Tata DOCOMO, the GSM brand of Tata Teleservices, on Monday announced the launch of the HTC 7 Mozart in India. The HTC 7 Mozart is powered by Microsoft’s new Windows Phone 7 platform and seamlessly integrates the new Windows Phone 7 experience.

L&T bags order Rs. 1103 cr orders from Railway sector

Mon, 03 Jan 2011 01:33:21 GMT

Railway Business Unit of Larsen & Toubro ( L&T) secured a slew of orders aggregating Rs. 1,103 CRORE from various power plant developers for the construction of Merry-Go-Round systems and construction of dedicated railway lines to link power plant sites to the main line rail network.

Bajaj Auto sales up 10 pc in December 2010

Mon, 03 Jan 2011 01:06:35 GMT

India’s two-wheeler maker Bajaj Auto reported 10 per cent jump in its sales at 2,76,803 units in December 2010, as against 2,52,004 units in the same month a year ago.The company sold 2,43,675 motorcycles, up 11 per cent from 2,19,920 units it sold during December 2009.

Dabur completes acquisition of Namaste Group

Mon, 03 Jan 2011 12:29:41 GMT

Dabur India's wholly owned subsidiary, Dermoviva Skin Essentials Inc, completed the acquisition process by acquiring 100 per cent stake in the four personal care companies of US-based Namaste Group, US.

NTPC to build 4,000 MW power plant at Vizag, State to get 50 pc share

Sun, 02 Jan 2011 04:45:30 GMT

The State Government agreed to purchase 2,000 MW at the tariff to be decided by the Central Electricity Regulatory Authority (CERC) from the proposed 4,000 MW Power Project to be set up at Rs.23,000 crore approximately by NTPC at Pudimadaka, Anakapally Mandal, Visakhapatnam District.

Microsoft to launch new Windows OS for mobile phones

Sun, 02 Jan 2011 04:22:07 GMT

Microsoft is working on a new Windows system for mobile devices like tablet computers. The system would focus on devices using energy-saving chips designed by the British company ARM.

Three major banks hike rates: Home, auto loans to cost more

Sat, 01 Jan 2011 06:31:44 GMT

Major lenders, including State Bank of India (SBI), ICICI Bank and HDFC Bank, raised their lending and deposit rates by up to one percentage point on the eve of the new year, making lending rate of auto, home and commercial loans expensive.

Gold, silver usher in New Year with gains

Sat, 01 Jan 2011 06:08:59 GMT

Gold prices rebounded at the bullion market in Mumbai as well as New Delhi on the account of fresh buying by stockists and local demand amidst firm overseas cues.Silver also recovered to scale an all-time high on the back of speculative buying and industrial users.

GM India reports 59 pc jump in 2010 sales

Sat, 01 Jan 2011 05:53:04 GMT

General Motors India, the Indian arm of American carmaker General Motors, on Saturday said it sales in the calendar year 2010 grew by 59 per cent at 110,804 units, as against 69,579 units during 2009.

Bitter New Year: Tata Motors hikes prices of its vehicles

Sat, 01 Jan 2011 02:20:12 GMT

New Year 2011 has begun on bitter note for new vehicle buyers as homegrown automaker Tata Motors hiked prices of some vehicles from its stable on Saturday to offset what it called mounting costs.The price increase in passenger cars was in the range of Rs 3,000- 15,000.

India can't access encrypted data: BlackBerry

Sat, 01 Jan 2011 02:06:03 GMT

Denying reports that it agreed to allow access to its encrypted corporate data to Indian authorities, BlackBerry maker Research In Motion (RIM) said unscrambling encrypted email on its devices is simply not “technologically feasible.” India has been seeking such access.

Mahindra auto sales up 42 pc in December

Sat, 01 Jan 2011 01:54:54 GMT

Automaker Mahindra & Mahindra on Saturday reported a 41. 92 per cent upswing in its sales at 34,062 units in December 2010, when compared its sales of 24,001 units during the same month last year.

Tata Motors sells 5784 Nanos in Dec; total sales up 31 pc

Sat, 01 Jan 2011 01:40:55 GMT

Tata Motors on Saturday said its December 2010 sales rose 30.63 pc at 67,441 units as against 51,627 units it sold in the same month during 2009. The company’s total passenger vehicles sales in the domestic market in December 2010 stood at 19,706 units, which is a jump of 34.48 pc.

'Ratan Tata dreams of a car that runs on water'

Fri, 31 Dec 2010 05:51:47 GMT

Tata Group Chairman Ratan Tata, who was the force behind world’s cheapest car Tata Nano, is now keen to see cars run on water and the Tata Group chairman has invested USD 15 million in a start-up firm supporting research in the field, according to eminent scientist Prof C N R Rao.

SMS Country bags two accolades

Fri, 31 Dec 2010 05:43:55 GMT

SMS Country, a leader in application 2 mobile short messaging service, bagged position among the Deloitte Technology Fast 50 India 2010 and Deloitte Technology Fast 500 Asia Pacific 2010 program.

Fuel efficiency rating for cars in India from 2011

Fri, 31 Dec 2010 05:18:37 GMT

Do you know how eco-friendly your car is? Probably not. But the Indian government is coming with star labelling for the automobile sector which will enable the car owners to know the fuel-efficiency and eco-friendliness of their cars.

A year of shame & hope: Happy New Year 2011

Fri, 31 Dec 2010 04:52:05 GMT

If corruption spread disillusionment among the people, a thriving economy kept alive hope, making US President Barack Obama to hail India not as an emerging economy but as an “emerged” economy. That sums up 2010, the year that was, analyses P.N.V.Nair, a seasoned journalist.

Andhra Pradesh credit potential pegged at Rs. 70,000 Cr

Fri, 31 Dec 2010 03:08:15 GMT

Andhra Pradesh has a credit potential of Rs. 70,849 crore, according to the State Focus Paper prepared by National Bank for Agriculture and Rural Development (NABARD). This includes both farm and non-farm credit appetite under priority sector for 2011-12.

Gadgets did well in 2010, hope to do better in New Year too

Fri, 31 Dec 2010 02:56:19 GMT

The growing desire of consumers to carry their world in their pockets has not only forced handset-makers to come up with slim and sleek phones, but also personal computer-makers to innovate and come up with a different form factor for PCs. 2010 saw the launch of new tablet devices.

Sony India bullish on New Year: Tadato Kimura

Fri, 31 Dec 2010 02:51:13 GMT

Sony is highly optimistic about the coming year and the first major initiative would be the associating itself as a co-presenting ‘on air’ sponsor for the ICC Cricket World Cup 2011.

Consumer goods to do well in New Year: A. Mahendran

Fri, 31 Dec 2010 02:25:08 GMT

2011 is likely to be a very positive year for the FMCG industry. I also think 2011 is going to be a year of increased media spending with brands becoming increasingly competitive on all forms of media especially in the rural markets, which will grow faster than urban ones.

IT industry on road to recovery in New Year: Pegasystems Suman Reddy

Fri, 31 Dec 2010 01:47:16 GMT

As we have seen many turbulent phases in the last 3 years, I would surely expect 2011 to bring some respite for everyone

ISB, CDM to host seminar on self-reliance in defence production

Fri, 31 Dec 2010 01:32:39 GMT

The Indian School of Business (ISB) and the College of Defence Management (CDM) will be organising a seminar on ‘Building Capability through Self Reliance in Defence Production’ on January 7-8, 2011.

VAS industry to witness consolidation in 2011: SMS Country CEO

Fri, 31 Dec 2010 01:01:33 GMT

For SMS Country, expansion has been the key motto in the year 2010. From a company which had about 100 employees and just a couple of branches in the country we have expanded to a total of about 600 employees, 27 physical offices across India.

L&T wins Rs 2,503-crore orders for electrical projects in Q3

Fri, 31 Dec 2010 12:34:33 GMT

Engineering and construction major Larsen & Toubro (L&T) on Friday said it secured orders aggregating to Rs 2503 crore from transmission, sub-station and railway construction projects in India and abroad during the third quarter of 2010-11.

Craving for H-1B Visas plummets, 11,000 remain up for grabs

Fri, 31 Dec 2010 11:45:29 GMT

For the first time in several years, thousands of H-1B visas, the once most sought after by Indian professionals in the US, still remains unused, even as the year comes to an end. About 11,000 H-1B visa slot still remains available for qualified applicants for the fiscal 2010-2011.

Tourism sector sees double-digit growth in 2010

Fri, 31 Dec 2010 11:38:39 GMT

'Incredible India' attracted close to five million outstation visitors this year as the tourism ministry had its share of glory and missed opportunities. With a double-digit growth in the foreign tourist arrivals, 2010 was otherwise a good year for the ministry.

Wellness industry grows 15-20 per cent: Anoo's

Fri, 31 Dec 2010 09:30:55 GMT

With a stable growth of 15% -20 % each year, the industry is only getting better and stronger! And there is definitely tremendous potential to excel and progress in this industry.

Telecom players need to be proactive in New Year: Debasis

Fri, 31 Dec 2010 09:17:45 GMT

the telecom service providers will now need to be highly proactive in 2011 to meet the market dynamics.

AP yet to tap full potential, says V. Rajanna of TCS

Fri, 31 Dec 2010 07:47:59 GMT

The Indian IT Industry once again demonstrated its leadership in leveraging the recession to its advantage through focus on operational efficiencies in execution, emerging market focus, diversification in terms of new service lines, and innovative business models.

Progress Software confident on 2011

Fri, 31 Dec 2010 07:39:16 GMT

IT industry came into 2010 just out of the recession hit 2009, with some signs of recovery. Through 2010, while the recovery was slow, it did pick up some steam in the second half of 2010.

Vodafone’s grand countdown to New Year

Thu, 30 Dec 2010 07:00:12 GMT

Vodafone Essar, one of India’s leading cellular service providers, will bring in New Year with a variety of innovative and fun events organised for its customers in Andhra Pradesh.

Tata Docomo offers new value-added services in south

Thu, 30 Dec 2010 06:25:52 GMT

Tata Docomo, the GSM brand of Tata Teleservices Limited, in association with IMImobile, has announced three exciting value-added services namely Chalisaas, South Movie Masala and Panchaang & Astro for all its subscribers in Andhra Pradesh, Tamil Nadu, Kerala and Karnataka.

RPP Infra to set up 5MW solar power plant

Thu, 30 Dec 2010 06:20:16 GMT

RPP Infra Projects Limited, which is primarily engaged in the business of infrastructure development such as highways, roads and bridges, plans to enter into solar power sector. The company plans to set up 5 Mega Watt renewable energy power plant, with an investment of Rs. 80 crore.

Chola MS General Insurance aims Rs 2,000 cr GWP

Thu, 30 Dec 2010 06:02:11 GMT

Chola MS General Insurance, a joint venture of Chennai-based Murugappa Group and Japan’s Mitsui Sumitomo Insurance, which expects to close this fiscal with a gross written premium (GWP) of Rs 950 crore, is aiming Rs 2,000 GWP in next three years.

Bharathi Cement doubles production at 5 MTPA

Thu, 30 Dec 2010 05:10:44 GMT

Bharathi Cement, promoted by Y S Jaganmohan Reddy who recently sold a majority stake of 51 per cent in the company to French cement major Vicat Group, on Tuesday said it opened its second line of production as per schedule to double its production capacity from the existing 2.5 to 5 MTPA.

Sri Krishna committee submits report to Chidambaram

Thu, 30 Dec 2010 02:47:56 GMT

Accelerating the suspense among all sections of people, Justice B.N.Srikrishna and his five-member team of experts submitted its two-volume 600-page report to the Union Home Minister P. Chidambaram, who said the details would be made public on January 6.

Krishna Water tribunal distributes surplus waters, 'Jalayagnam' to be affected

Thu, 30 Dec 2010 12:13:14 GMT

Krishna Water Tribunal, headed by Justice Brijech Kumar, distributed the surplus waters among the three riparian States of Maharashtra, Karnataka and Andhra Pradesh, while the right to use them was vested with the tail-end State (Andhra Pradesh) earlier.

Telecom companies pay penalty for delayed 2G rollout

Thu, 30 Dec 2010 10:18:27 GMT

Perhaps, no other Mobile phone operator must have spent as mush as Uninor has towards publicity, especially through print, TV and OOH media last year. Ironically, the company also had to cough up a hefty sum towards penalty for delayed rollout of 2G mobile services.

SatNav ties up with Waze Inc, launches live traffic info

Wed, 29 Dec 2010 08:31:14 GMT

City-based SatNav Technologies, a leading GPS navigation services provider, tied up with Israel-based Waze Inc to launch live traffic information services across 1,000 cities in the country. Users of smart phones and SatNav navigation devices can access the information free of charge.

Rashtrapati Nilayam to be opened for public

Wed, 29 Dec 2010 07:45:29 GMT

Rashtrapati Nilayam, the southern sojourn of Indian President located in Bollaram in Hyderabad, will be opened for public viewing for the first time from January 1 to 10, 2011. The entry is free and the timing of the visit is between 10.00 hrs and 17.00 hrs.

Events that shaped the oil sector in 2010, the road ahead

Wed, 29 Dec 2010 07:28:14 GMT

The most distressful event that occurred in 2010 for global energy was the disastrous BP marine oil spill in the Gulf of Mexico following a drilling rig explosion. Effects of this disaster have been far reaching and would continue to dictate the dynamics of offshore drilling in the years to come.

CM to ask banks to reschedule farm loans, offer new loans

Wed, 29 Dec 2010 07:23:49 GMT

Chief Minister N Kiran Kumar Reddy will ask schedule banks at the State Level Bankers Committee (SLBC) scheduled for Thursday to reschedule farm loans and offer fresh loans in a big way to distressed farmers.

BMW opens new dealership facility in Hyderabad

Wed, 29 Dec 2010 06:34:15 GMT

BMW India announced the opening of a new sales and service facility of KUN Exclusive at Hyderabad. This is the third KUN Exclusive facility in south India, the others being in Chennai and Coimbatore.Spread over 19,084 sq ft, the ultra modern 4S facility has a classy showroom.

Srikrishna report: Police deploy additional forces in Hyderabad

Wed, 29 Dec 2010 06:24:57 GMT

With December 31 deadline for the submission of Srikrishna Committee report fast approaching, police are gearing up to face any eventuality that may arise after the much-awaited report on the separate statehood for Telangana is out.

Emirates offers 'Stay 4 Pay 3' Dubai Shopping Festival hotel packages

Wed, 29 Dec 2010 04:42:22 GMT

There is no better time to visit Dubai with Emirates than during the 15th annual Dubai Shopping Festival (DSF), which runs from January 20 until February 20, 2011.

Bonanza rated among top four borkerage firms in India

Wed, 29 Dec 2010 04:27:29 GMT

Bonanza wa nominated amongst the top three entries in the category of Best Financial Advisor at CNBC-TV18 Financial Advisor Awards 2009-10 powered by ICRA, this being the 3rd consecutive year, according to a Bonanza release.

iXiGO.com wins award at TiE Entrepreneurial Summit 2010

Wed, 29 Dec 2010 12:39:58 GMT

iXiGO.com has been named a winner of the TiE-Lumis Partners Entrepreneurial Excellence Awards 2010 at the recently concluded Entrepreneurial Summit (TES) 2010, one of the largest entrepreneurship symposiums in Asia, held at the Siri Fort Auditorium, New Delhi.

G’Five pips Samsung to No. 2 slot in mobile handset sales

Wed, 29 Dec 2010 12:29:21 GMT

The Chinese brand G’Five emerged as No. 2 player in mobile handset sales during the quarter ended September, pushing the Korean handset manufacturer Samsung to No. 3, even as Nokia had the largest market share of 31.5 per cent, according to market intelligence firm IDC India report.

Mahindra to hike prices of all models in January

Tue, 28 Dec 2010 07:16:22 GMT

Mahindra & Mahindra on Tuesday said it would hike prices of its vehicles across all categories in January on the account of rise in commodity rates. There will definitely be a price increase in January and we are finalising it at present, said M&M senior vice-president Arun Malhotra.

Maytas Infra bags Rs 1,130-cr road contract in Nagaland

Tue, 28 Dec 2010 06:35:05 GMT

City-based Maytas Infra Ltd in association with another city-based company Gayatri Projects Limited bagged Rs 1,130.67 crore road works in Nagalanda state. The contract involves widening roads in the North-East state.The joint venture has received a Letter of Acceptance (LoA)to this effect.

The year that was and looking ahead

Tue, 28 Dec 2010 05:52:39 GMT

Following the slump in 2009, the year 2010 saw the real estate sector bounce back. This year witnessed an exciting and recovering economy where demand in the luxury market witnessed a distinct come back as well as a significant increase in commercial leasing.

CII AP holds meet on environment-friendly technologies

Tue, 28 Dec 2010 05:23:22 GMT

CII Andhra Pradesh organised a conference on ‘Environment friendly technologies: opportunities and challenges ahead’ here on Tuesday.

India aims to launch 30 new satellites over next 10 years

Tue, 28 Dec 2010 03:45:39 GMT

India is contemplating to launch at least 30 earth observation satellites in the next one decade, according to Dr V Jayaraman, Director, Hyderabad-based National Remote Sensing Centre (NRSC). ISRO will launch a series of Resourcesat, Cartosat, ocean and atmospheric satellites over the decade.

TripAdvisor launches free iPad applications forv travelers on the move

Tue, 28 Dec 2010 03:37:27 GMT

TripAdvisor, the world's largest travel site, on Tuesday announced the launch of its new application for the iPad, available today in Apple's App Store.

Gayatri Projects gets Rs. 113-cr order from Madhya Pradesh

Tue, 28 Dec 2010 03:24:00 GMT

Gayatri Projects Limited (GPL) has secured two orders from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd (MPPKVVCL).

I-T Dept asks Satyam to audit accounts for 2002-03, 07-08

Tue, 28 Dec 2010 02:41:47 GMT

Mahindra Satyam, the rebranded entity of scandal-hit Satyam Computer Services Ltd said on Tuesday the Income Tax department has directed it to get its accounts audited for assessment years 2002-03 and 2007-08. The Hyderabad-based company informed the BSE it received a directive from IT Dept.

Sudar Garments plans IPO to fund expansion

Tue, 28 Dec 2010 01:27:44 GMT

Mumbai-based Sudar Garments Limited, engaged in the manufacturing of garments for mens wear, womens wear and kids wear, proposes to enter the capital markets soon to meet its funding requirement for expansion of the existing apparel manufacturing capacity.

GVK EMRI services launched in Himachal Pradesh

Tue, 28 Dec 2010 01:19:57 GMT

Himachal Pradesh Government in partnership with GVK Emergency Management and Research Institute (GVK EMRI) announced the launch of 108 Emergency Response Services in HP, under the name of ‘ATAL SWASTHYA SEWA’.

Sanghi brothers embark on fresh talks to resolve disputes

Mon, 27 Dec 2010 08:24:22 GMT

Sanghi brothers, promoters of Rs 2,500-crore diversified Sanghi Group, who are squabbling with each other for the control of group companies, embarked on fresh negotiations after earlier agreements failed to work, said Ravi Sanghi, one of the promoters.

MAS GMR JV achieves financial closure for MRO

Mon, 27 Dec 2010 07:31:35 GMT

MAS GMR Aerospace Engineering Company Limited (MGAE); a 50:50 joint venture between GMR Hyderabad International Airport Limited (GHIAL) and Malaysian Aerospace Engineering Sdn. Bhd (MAE); has achieved financial closure on Monday for its Rs 309-crore MRO facility.

IDC India sees 22 pc growth in Indian PC sales in 2011

Mon, 27 Dec 2010 07:17:54 GMT

The IT market intelligence firm IDC India says notebook PCs in 2011 will accelerate to 42 per cent growth, leading to an overall growth of 22 per cent in Indian PC market in terms of unit sales year-on-year. The firm however said desktop PCs will slow to about 9 per cent annually.

Land issue: Court directs ACB to inquire into allegations against Rosaiah

Mon, 27 Dec 2010 06:59:58 GMT

In a development that could embarrass the AP Government, a local court on Monday directed ACB to inquire and submit a report on allegations against former CM K Rosaiah with regard to issue of a land de-notification in the city. The court ordered the ACB to submit the report on it before Jan 28.

India has 70.6 crore mobile connections: TRAI

Mon, 27 Dec 2010 06:24:05 GMT

India's mobile phone market added 1.898 crore new subscribers to its network during October, taking the total number of connections to 70.67 crore. The TRAI data showed that the wireless phone user base grew 2.76 per cent to 70.69 crore in October from 68.77 crore in the previous month.

MTS launches its services in Uttar Pradesh

Mon, 27 Dec 2010 05:39:29 GMT

Sistema Shyam Tele Services Limited (SSTL) on Monday announced the expansion of its national footprint. The company launched its mobile telephony services under the MTS brand in UP East and UP West Circles.

Tata International takes 76 p.c. stake in the Bachi Group

Mon, 27 Dec 2010 03:34:50 GMT

Tata International Limited [TIL] has taken a 76% stake in each of Bachi Shoes India Private Limited [BSIPL] and Euro Shoe Components Private Limited [ESCPL].

Security experts foresee insider threats, nation-State attacks in 2011

Mon, 27 Dec 2010 03:10:16 GMT

Every day IT security professionals face the challenge of understanding and getting ahead of the threats and challenges to their businesses. And every year CA Technologies polls its security experts for their predictions on what to look for in the coming year.

Mission failure: GSLV launch vehicle explodes in mid-air

Sat, 25 Dec 2010 05:38:36 GMT

Launch of India's latest communication satellite GSAT-5P onboard homegrown GSLV-F06, powered by Russian cryogenic engine, failed on Saturday when the rocket developed a snag soon after lift-off from the spaceport at Sriharikota. The rocket blasted-off at around 4 pm after a 29-hour countdown.

Pranab says no decision yet on hiking LPG, diesel prices

Sat, 25 Dec 2010 05:05:28 GMT

Ahead of forthcoming meeting of the Empowered Group of Ministers (eGOM) for reviewing the price of diesel and LPG, Union Finance Minister Pranab Mukherjee on Saturday said no decision was taken so far to increase prices of LPG and diesel.

Gold breaks 5-day losing streak, silver still steady

Sat, 25 Dec 2010 04:44:15 GMT

Gold broke its five-days losing streak in the New Delhi and rose by Rs 10 to Rs 20,700 per 10 grams on mild-buying by retailers, amid firm trends in global markets. Trading sentiment turned better, as retailers increased their stocks for the marriage season, amid firming global trends.

President opens herbal garden at Rashtrapati Nilayam

Sat, 25 Dec 2010 04:20:32 GMT

President Mrs Pratibha Devisingh Patil, on Saturday opened Herbal Garden in the premises of the Rashtrapati Nilayam here. The newly-created herbal garden is intended to bring in awareness about our rich heritage and diversity of medicinal plants.

Assocham warns of higher interest rates in 2011

Sat, 25 Dec 2010 03:08:29 GMT

Cash crunch in the system, coupled with high inflation, will keep interest rates at higher levels in 2011, warns industry body Assocham. With inflation likely to rise further, the RBI may go in for another hike in the key policy rates in its fourth quarterly review.

Ram Charan Tej meets his fans at Levi’s store

Fri, 24 Dec 2010 09:53:49 GMT

Weeks after launching the latest collection designed for the film Orange, Levi’s gave fashion and movie buffs a great opportunity to meet the reigning Telugu style sensation Ram Charan Tej.

NSEL aims Rs 1,000 crore daily turnover in e-series products

Fri, 24 Dec 2010 09:41:31 GMT

National Spot Exchange Limited, an e-marketplace for commodities, which successfully launched e-Gold,e-Silver and e-Copper under its e-series, aims Rs 1,000 crore daily turnover in the e-series products by December 2011.

GMR Infra arm buys 51 pc stake in Kakinada SEZ

Fri, 24 Dec 2010 09:10:56 GMT

GMR Infrastructure Ltd said on Friday its subsidiary GMR SEZ & Port Holdings entered into an agreement with Kakinada SEZ Pvt Ltd that will give it 51 per cent stake in the company. Kakinada SEZ is in the business of developing port-based multi producr Special Economic Zone in Andhra Pradesh.

Dr. Reddy's Labs comes under scanner of Directorate of Factories

Fri, 24 Dec 2010 07:00:06 GMT

The Directorate of Factories of Andhra Pradesh will issue notices to Pharma major Dr. Reddy’s Laboratories on the gas leak at its manufacturing plant at Bollaram in the city in which two people were killed on Wednesday morning.

21 election commissioners to take part in LetsVote’s green rally

Fri, 24 Dec 2010 06:57:18 GMT

CII and LetsVote, an NGO working to motivate people to cast their votes, joined hands to organize green rally on January 23, in which 21 election commissioners from South Asia will participate. This bicycle rally, being held to promote clean environment, will begin at 3 pm from People’s Plaza.

Sony introduces next-generation Blu-ray disc rewritable drives

Fri, 24 Dec 2010 04:58:37 GMT

Sony has announced the launch of its next generation Blu - Ray disc Rewritable drives in the Indian market through Rashi Peripherals. The BD-5300S & BDX-S500U are designed for all PC users who appreciate high image quality.

Leighton and Welspun form JV to capitalise on Indian infrastructure

Fri, 24 Dec 2010 03:05:35 GMT

Leighton International Limited and Welspun Group on Friday announced that they had joined hands as strategic partners in a joint venture to pursue infrastructure opportunities in the Indian and nearby regional markets, including Sri Lanka.

Mandhana to promote Salman Khan's Being Human products

Fri, 24 Dec 2010 01:21:42 GMT

Mandhana Industries Limited said it entered into an exclusive license agreement with Being Hunman – The Salman Khan Foundation for designing and marketing Being Human clothing products.

Indian companies raise Rs 2 lakh crore funds in 2010

Fri, 24 Dec 2010 12:54:04 GMT

India Inc quenched its thirst for funds like never before in 2010, with a record mop-up of over Rs 2 lakh crore from the equity and debt market during the year.The capital raised by Indian companies in the 2010 calendar year was over one-third more than the Rs 1.5 lakh crore mop-up in 2009.

DQE launches Feluda, The Kathmandu Caper

Fri, 24 Dec 2010 10:19:54 GMT

DQE has announces the premiere of FELUDA, 'THE KATHMANDU CAPER' on January 1, 2011 on Disney Channel, as the special New Year treat for all Disney fans. The title is the first ever animated TV movie based on one of India's best loved detective series "Feluda".

Pyramid Saimira chairman banned from markets

Thu, 23 Dec 2010 07:43:38 GMT

The Indian markets regulator has banned P.S. Saminathan , former chairman of Pyramid Saimira Theatre Ltd. , from dealing in securities in any manner for 10 years, for allegedly inflating profit and revenues,

Big Bazaar organises 3-day ‘Kids Carnival’ for Christmas

Thu, 23 Dec 2010 07:17:59 GMT

The hypermarket chain of Future Group - ‘Big Bazaar Family Centres’ is organizing a three-day ‘Kids Carnival’ from December 24 to 26, 2010 at its Kachiguda, Ameerpet and Tarnaka centers to be part of the celebrations. There are several competitions for the kids during the carnival.

Defence imports to be brought down by half: Pallam Raju

Thu, 23 Dec 2010 07:04:14 GMT

India has decided to consciously cut down on the defence imports billing from Rs 40,000 crore to Rs 20,000 crore, offering more opportunities to local players by promoting the Offset clause, said Minister of State for Defence M.M.Pallam Raju.

Axis Bank to provide MoneyGram International remittance services

Thu, 23 Dec 2010 06:08:46 GMT

MoneyGram International, a global leader in the money transfer industry, has added Axis Bank as a new agent.

India leads in innovative ideas, but lags in scale

Thu, 23 Dec 2010 05:55:28 GMT

Day 3 TES 2010 keynote panel identifies lack of process mindedness, and design for business, as well as fear of losing control as the key things stopping our entrepreneurs from scaling up

Jaguar Land Rover celebrate 2010 international award success

Thu, 23 Dec 2010 05:51:43 GMT

aguar Land Rover is celebrating a successful 2010 having received more than eighty international awards for its vehicles during the year

Tata Nano gets world's Good Design award

Thu, 23 Dec 2010 05:46:17 GMT

The Tata Nano has received the world's oldest and most coveted GOOD DESIGN Award for 2010, which is conferred annually by The Chicago Athenaeum: Museum of Architecture and Design together with The European Centre for Architecture Art Design and Urban Studies

JK Tyres launches India's biggest tyre

Thu, 23 Dec 2010 05:23:16 GMT

JK Tyre & Industries Ltd. the industry leader and manufacturer of brands like JK Tyre, Vikrant and Tornel, today rolled out / produced India’s largest Off the Road (OTR Tyre) in Mysore. This is the biggest size of tyre ever made in India so far. This size of tyres are so far imported.

TCS put in leaders quadrant by Gartner in ERP implementation

Thu, 23 Dec 2010 05:13:23 GMT

For over two decades, TCS has enabled enterprise businesses to adopt best in class solutions with Oracle Applications and Technologies, for efficient enterprise wide resource planning, agile customer relationship management

Etisalat DB Opens Second Customer Contact Center

Thu, 23 Dec 2010 05:07:03 GMT

Cheers Mobile Services, the GSM service from Etisalat DB Telecom Pvt. Limited (Etisalat DB), a joint venture between UAE'S largest telecom group, Etisalat and the Dynamix Balwas Group, today inaugurated its second customer contact centre in Noida, India.

Now, a Uninor Branded Express store comes next door to you

Thu, 23 Dec 2010 04:57:45 GMT

Uninor, today announced the launch of 9 Uninor Franchise Express outlets - across small towns and district headquarters of Andhra Pradesh.

Airtel creates direct teerestrial link with China

Thu, 23 Dec 2010 04:48:23 GMT

Private telecom major Bharti Airtel, in association with China Telecom Corporation, today launched a new direct underground terrestrial link between India and China, which promises phone users in both countries seamless network connectivity.

BMW India launches X1, its cheapest SUV

Thu, 23 Dec 2010 04:21:55 GMT

Luxury car maker of Germany, BMW, on Thursday launched the new BMW X1 in New Delhi in three variants: BMW X1 sDrive18i (petrol), BMW X1 sDrive20d (diesel) and BMW X1 sDrive20d Exclusive (diesel) and can now be ordered at BMW dealerships across India.

Indian IT sector may touch $70 billion-mark this fiscal

Wed, 22 Dec 2010 05:20:39 GMT

The year 2010 marked a period of revival for the $60 billion Indian IT industry, with the global economy assuming some semblance of normalcy after a period of prolonged turbulence and demand for software technology products on the rise again.

Ramky arm bags environment award from Frost & Sullivan

Wed, 22 Dec 2010 05:05:40 GMT

City-based Ramky Enviro Engineers Ltd (REEL) said it bagged the best company of the year 2010 award in the environmental and waste management services segment for the consecutively second time. The award has been announced by Frost and Sullivan.

ING Vysya Bank inks agreement with Angel Broking

Wed, 22 Dec 2010 04:58:57 GMT

ING Vysya Bank Ltd and Angel Broking Ltd, announced on Wednesday the strategic tie-up to offer ING Vysya Bank customers a ‘three – in – one account‘ that enables a seamless investment experience by integrating the ING Savings Account, ING Demat Account and Angel Trading Account on a single platform.

BS Transcomm consortium bags Rs 300 cr project from REC

Wed, 22 Dec 2010 04:53:23 GMT

City-based BS TransComm Ltd, an end-to-end turnkey services and technology solutions provider to power T&D and telecom sector, said that its consortium bagged Rs 300 crore project from Rural Electrification Corporation Ltd (REC) through a tariff based global competitive bidding.

Maruti plans to launch new generation Swift in 2011

Wed, 22 Dec 2010 04:27:00 GMT

India's largest car maker Maruti Suzuki India (MSI) on Wednesday said it would launch new generation Swift by the end of 2011. The third generation Suzuki Swift was unveiled earlier this year in Hungary.

Anim Graphix launches 3D EduMagic for schools

Wed, 22 Dec 2010 04:14:50 GMT

City-based Anim Graphix New Media Pvt Ltd has on Wednesday launched 3D EduMagic, an interactive 3D stereoscopic educational device targeted at pre-schools. This device, priced at Rs 3.5 lakh, comes with in-built computer and dual Polaroid projects that provide IMAX theatre experience in classrooms.

Gas leak at Dr Reddy's Labs kills two workers

Wed, 22 Dec 2010 03:15:00 GMT

Two workers of the city-based pharma major Dr Reddy's Laboratories Ltd lost their lives and two others fell unconscious in an accidental gas leak this morning at its manufacturing plant at Bollaram on the outskirts of Hyderabad.

Scary story: The challenge to Indian offshore services

Wed, 22 Dec 2010 02:51:07 GMT

Three separate analyses last week, together, tell a scary story: India’s comfortable monopoly in the outsourced, offshore services business, is being challenged. In certain niche areas, other destinations have already seized the pole position.

TCS signs multi-year deal with Hilton Worldwide

Wed, 22 Dec 2010 11:08:39 GMT

Hilton Worldwide, the leading global hospitality company, and Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, on Wednesday announced a multi-year agreement to help accelerate and enhance Hilton Worldwide's technology strategy.

Funcity makes its debut in Hyderabad

Wed, 22 Dec 2010 09:17:34 GMT

Citymax, the hospitality & entertainment arm of the Dubai-based retail giant Landmark Group, launched the biggest Funcity outlet in Hyderabad today. This would be the first Funcity, a family entertainment centre in Hyderabad and the 13th outlet in the country.

Dr. Reddy's partners R-Pharm of Russia

Tue, 21 Dec 2010 07:38:09 GMT

Dr. Reddy’s Laboratories Ltd.on Tuesday announced that it has entered into a licensing, technology transfer, manufacturing and marketing agreement with R-Pharm of Russia.

Satyam Computers focusses on Europe and Asia-PAC

Tue, 21 Dec 2010 07:11:14 GMT

As part of de-risking strategy, Mahindra Satyam focuses more on European and APAC and expects good growth from those markets said Vineet Nayyar, chairman Satyam Computers here on Monday

Landmark's Funcity comes to Hyderabad

Tue, 21 Dec 2010 07:09:16 GMT

Citymax, the hospitality and entertainment arm of the Dubai-based retail giant Landmark Group, launched the biggest Funcity outlet in Hyderabad on Tuesday. This would be the first Funcity, a family entertainment centre, in Hyderabad and the 13th outlet in the country.

Tata Chemicals launches iShakti pulses

Tue, 21 Dec 2010 07:01:21 GMT

Tata Chemicals Limited, a Tata Group company, on Tuesday unveiled as India’s first national brand of pulses – ‘i-Shakti Dals’ and launched four popular varieties of pulses, including chana, toor, urad and moong (including whole green moong and green chilka) in the Indian market.

Cellular tower study debunks radiation myth

Tue, 21 Dec 2010 06:53:30 GMT

First Study Report on Electromagnetic Radiation Measurement at New Delhi shows compliance with International Commission on Non-Ionizing Radiation Protection (ICNIRP) Standards

Moser Baer Clean Energy commissions largest solar farm

Tue, 21 Dec 2010 06:52:24 GMT

Moser Baer Clean Energy Limited (MBCEL), a subsidiary of Moser Baer Projects Private Limited (MBPPL), on Tuesday commissioned the country's largest and the first 5 MW solar farm at Sivaganga in Tamil Nadu.

Sony India aims Rs 900 cr income from digital cameras biz

Tue, 21 Dec 2010 06:10:50 GMT

Sony, renowned consumer electronics brand, is aiming Rs 900 crore annual revenues from the digital camera sales in India during the financial year 2011, up from Rs 600 crore in the current fiscal, said Takahiro Hirata, Category Head, Digital Imaging, Sony India.

Bambino to double its turnover to Rs 500 cr in 5 years

Tue, 21 Dec 2010 04:16:47 GMT

City-based Bambino Agro Industries Ltd, the world’s largest producer of vermicelli, is aiming to double its turnover to Rs 500 crore in coming five years, said the company’s Executive Director P Eswara Das. He expects the company to close the current financial year with a revenue of Rs 250 crore.

Vodafone offers special Sabarimala alerts

Tue, 21 Dec 2010 04:08:51 GMT

Vodafone Essar, one of India’s leading cellular service providers, has announced a range of special services for its subscribers during this Sabarimala Pilgrim Season.

Will onions suffocate UPA Government?

Tue, 21 Dec 2010 03:35:38 GMT

The pungency of Onions is getting spicier and whenever the prices of onions soared, the country witnessed the fall of a Government. Niira Radia, Andimuthu Raja, the 2G scam, differences with Trinamul Congress, and WikiLeaks have already pushed the Congress-led UPA Government to a corner.

Lanco to execute Rs. 4,100-cr Moser Baer project

Tue, 21 Dec 2010 02:53:41 GMT

Infrastructure firm Lanco Infratech today said it has bagged a Rs 4,100 crore order from an arm of Moser Baer Projects to execute a 1200-MW power project. Lanco bagged the order through a international competitive bidding, the company said in a filing to BSE.

India continues to be top outsourcing destination

Tue, 21 Dec 2010 02:48:40 GMT

India is still the world's favourite destination for offshore outsourcing , but attractive cost structures in the Philippines, Vietnam and Indonesia and the rapid growth of the business in China are posing tough competition, according to a new study by Gartner Inc,

INSEAD to accept GRE scores

Tue, 21 Dec 2010 02:39:52 GMT

INSEAD, one of the top business schools in the world, recently announced that it would begin accepting GRE test scores for admission into its MBA programme. The announcement from INSEAD comes at a time of significant increases in the number of business schools accepting GRE General Test scores.

GHIAL partners IBM for decision-making solution

Tue, 21 Dec 2010 02:28:37 GMT

IBM has helped GHIAL develop a common integrated decision system and build a data warehouse, which helps the company collect and analyze customer data. IBM has provided GHIAL with end-to-end support including hardware, software and services in this critical deployment.

Ohri’s Group launches three new restaurants

Mon, 20 Dec 2010 10:25:17 GMT

The Ohris Group became the biggest group of themed restaurants in India with the launch of three uniquely themed restaurants -- Nautanki Gali, Rubaiyat and Cafe Loop at Hitec City in Cyber Pearl Buidling at Hitec City , Hyderabad .

Prime Focus contributes visual effects to “TRON: Legacy”

Mon, 20 Dec 2010 08:00:50 GMT

City-based visual entertainment services provider Prime Focus contributed over 120 visual effects shots to the much-anticipated Walt Disney Studios Motion Pictures stereoscopic release “TRON: Legacy”. The film has hit theaters on December 17, 2010.

Apollo plans four more cosmetic clinics in metros

Mon, 20 Dec 2010 07:46:25 GMT

Apollo Hospitals Group, a leading healthcare services provider in the country, will open four more cosmetic clinics in metros in the next one year and each clinic will be set up with an investment between Rs 4 crore and Rs 6 crore, said Apollo Hospitals Group Executive Director Sangita Reddy.

AGN launches PhokatCall, a free calling service from mobile

Mon, 20 Dec 2010 07:02:10 GMT

Aryan Global Networks, a start-up company providing solutions for social media marketing, website and search engine optimization techniques today announced a free calling service from mobile with the introduction of "PhokatCall".

DSLRs and photo printing popular amongst all age groups: Canon Survey

Mon, 20 Dec 2010 06:55:53 GMT

Canon India today revealed interesting findings of an online survey on consumer behavior while buying consumer products like cameras and printers. Over 8,000 respondents throughout India participated in this survey

Inter-university national integration youth camp to be held at Kakinada

Mon, 20 Dec 2010 06:51:32 GMT

The 13th All India Inter University National Integration Youth Camp will be held first time in the State of Andhra Pradesh at Jawaharlal Nehru Technological University in Kakinada. The five-day camp will be kicked off on December 23 and will go on till 27.

Ajit Huligol elected president of Indian Society of Organ Transplant

Mon, 20 Dec 2010 06:37:20 GMT

Columbia Asia’s leading Transplant Surgeon, Dr. Ajit Huilgol (59) has been appointed the President of the Indian Society of Organ Transplant (ISOT). The announcement was made in Hyderabad at the recently concluded Annual Conference of ISOT.

Personal protective equipment market set cross $ 300 million in India by 2016

Mon, 20 Dec 2010 06:25:04 GMT

With India slowly gaining stature as a manufacturing hub, growth opportunities are rife for manufacturers of personal protective equipment (PPE) across various industries

Infosys ranked topper in retail IT

Mon, 20 Dec 2010 06:21:29 GMT

Infosys Technologies on Monday announced that it was ranked number one among leading IT Services suppliers in retail within the 2010 RIS IT Services LeaderBoard, a prestigious annual industry ranking.

Voltas, Olayan to form joint venture in Saudi Arabia

Mon, 20 Dec 2010 02:54:07 GMT

Voltas Ltd. said it signed a Joint Venture Agreement with Riyadh-based Olayan Financing Company to form a joint venture company in the Kingdom of Saudi Arabia for execution of electro-mechanical projects in the Kingdom.

Airtel launches its operations in Bangladesh

Mon, 20 Dec 2010 02:46:05 GMT

Telecom major Bharti Airtel Limited, which operates in 19 countries across Asia and Africa, on Monday launched its mobile services in Bangladesh under the Airtel brand.

Glenmark receives USFDA nod for anti-hypertension drug

Mon, 20 Dec 2010 02:32:54 GMT

Pharma major Glenmark said on Monday it got approval from US health regulator for its generic Felodipine tablets, an anti-hypertensive drug, in the American market.

Tata Chemicals arm acquires British Salt for Rs 650 cr

Mon, 20 Dec 2010 02:09:22 GMT

UK-based Brunner Mond, a wholly owned subsidiary of Tata Chemicals Limited, signed a binding agreement to acquire 100 per cent stake of British Salt. The deal is valued at GBP 93 million (nearly Rs 650 crore).

Nissan unveils new global sedan, to launch it in India in 2011

Mon, 20 Dec 2010 01:46:19 GMT

Japanese carmaker Nissan Motor Company on Monday unveiled the all-new global sedan model at the 8th China (Guangzhou) International Automobile Exhibition which is currently underway. The new sedan will come to India in the second half of 2011.

Four Soft bags contract from AFS Transport

Mon, 20 Dec 2010 01:26:56 GMT

City-based Four Soft (4S) Limited, a leading software solutions provider for logistics and transportation segment, said on Monday that it secured a deal from AFS Transport (Rotterdam) B.V, a leading logistics company based in The Netherlands.

Challenge: PM offers to appear before PAC, says nothing to hide in 2G

Mon, 20 Dec 2010 01:16:44 GMT

Taking the battle into the Opposition camp, Prime Minister Manmohan Singh today said he would be "happy" to appear before the Parliament's Public Accounts Committee in the 2G spectrum issue as he has nothing to hide. He accused the Opposition of "obduracy" over the demand for a JPC probe into it.

2G scam: CBI summons A. Raja for questioning

Mon, 20 Dec 2010 12:48:44 GMT

he Central Bureau of Investigation (CBI) on Monday sent a notice to former telecom minister A Raja to appear before it for questioning in connection with the 2G scam. The move comes after the CBI raided 34 places in Delhi and Tamil Nadu on December 15.

Fasting Chandrababu Naidu arrested, TDP calls for bandh

Mon, 20 Dec 2010 08:10:39 GMT

The ‘indefinite’ hunger strike by Nara Chandrababu Naidu, former Chief Minister and president of the Telugu Desam Party (TDP), was foiled in the early hours of Monday, sparking off widespread protests from the rank and file of the party across the State.

Jagan does an NTR: Seeks SMS, email to name his party

Sun, 19 Dec 2010 06:12:05 GMT

Jagan too chose to do an NTR truly. But this time it is hi-tech route, of course. The legendary NTR announced floating of his regional party on March 29, 1982 at the New MLA Quarters. And, he left the choice of christening the party to the people. Jagan too is eliciting SMS and emails on this.

Sonia's term extended to 5 years, Congress lauds PM

Sun, 19 Dec 2010 03:23:16 GMT

Congress today amended its constitution to extend its party president''s term to five years from the current three years.the Congress president said the party 'solidly' supports Prime Minister Manmohan Singh for his 'unwavering devotion' to the nation's prosperity.

2010 fetches Rs. 40,000 crore to Government through disinvestment

Sun, 19 Dec 2010 03:09:56 GMT

Having begun 2010 with a wide gap between its income and expenditure, the government diluted its stake in nine state-owned companies, including Coal India, to raise Rs 40,000 crore that helped cut borrowings. This is the most raised in a year since the Government began the programme in 1991-92.

Forex reserves fall $971 million to $295 billion

Sat, 18 Dec 2010 06:16:05 GMT

Foreign exchange reserves fell $971 million during the week ended December 10, because of revaluation of non-dollar assets vis-à-vis the dollar, according to the latest Reserve Bank of India data.

Gold recovers on global cues, low level buying

Sat, 18 Dec 2010 05:25:49 GMT

Ending a three-day losing streak, gold prices recovered by Rs 40 to Rs 20,730 per 10 grams due to fresh buying by retailers at existing lower levels, supported by firm global cues. However, silver held steady at Rs 44,800 per kg in restricted buying support from industrial units.

Union Bank raises interest rates by 0.50 pc to 13.25 pc

Sat, 18 Dec 2010 05:16:03 GMT

Public sector lender Union Bank of India on Saturday increased its benchmark prime lending rate (BPLR) by 0.50 per cent to 13.25 per cent on the back of hardening of interest rates across the economy.

Sonia's parents opposed her marriage with Rajiv Gandhi: WikiLeaks

Sat, 18 Dec 2010 05:04:46 GMT

Congress president Sonia Gandhi candidly admitted to the California governor's wife that her parents were against her marriage with Rajiv Gandhi, US embassy cables provided by WikiLeaks reveal, according to a report by IANS published by leading dailies.

Novonous releases report on computer applications in defence sector

Sat, 18 Dec 2010 03:34:27 GMT

Bangalore-based Novonous released its new report titled "Competitive Analysis of Industrial Computer Market in India and Taiwan & its Applications in Indian Defence Sector". The report covers Indian and Taiwanese industrial computer market.

Cooper Corporation sets up new engine plant in Satara

Sat, 18 Dec 2010 03:14:59 GMT

Cooper Corporation, a prominent global OEM supplier engaged in a variety of production processes, has recently set up a state-of-the-art engine manufacturing plant with an investment of Rs. 300 crores at Satara in Maharashtra.

China launches 7th satellite as it plans own GPS

Sat, 18 Dec 2010 02:59:08 GMT

China on Saturday launched its seventh orbiter into space which would be a part of independent satellite navigation and positioning network to rival the US' Global Position System (GPS). It was the seventh orbiter that China has launched for network, also known as Beidou.

Ducon Technologies receives award from IndiaMart

Fri, 17 Dec 2010 07:31:28 GMT

Ducon Technologies (I) Pvt. Ltd, a leading environmental control systems company, bagged IndiaMart leader of tomorrow award in the engineering products category.Kiran Patil, CEO and Director, Ducon Technologies (I) Pvt. Ltd., received the award from Union Home Minister P. Chidambaram.

Rahul, Sonia become talking points in Wikileaks

Fri, 17 Dec 2010 07:10:08 GMT

Rahul Gandhi, Sonia Gandhi and Indian Laboratories have become talking points today with the WilkiLeaks exposing the cables. The cables talked about the 'yuva raja' of the Congress talking about Hindu terrorism more ominous than Laskar-e-Tayyaba.

Intelligroup goes for ‘employee first’ strategy to innovate

Fri, 17 Dec 2010 06:53:35 GMT

In a significant shift in its go forward strategy, Intelligroup decided to adopt ‘Employee First’ approach which will embody the company’s mission of providing its employees to learn, grow and innovate. The new initiative was discussed at Intelligroup’s recent planning meeting.

NTPC likely to go for another FPO next fiscal

Fri, 17 Dec 2010 06:10:41 GMT

Government-run power producer National Thermal Power Corporation (NTPC) may approach the government next fiscal for permission to raise funds through a follow-on public offer (FPO) to part-finance power equipment purchases worth an estimated Rs 1,50,000 crore.

Google plans body browser that maps out human body

Fri, 17 Dec 2010 01:37:36 GMT

Google is all set to unveil a new browser that can map out the entire human body. The high-tech 3D application, called Google body browser, has been hailed as a breakthrough in the study of anatomy that could revolutionise people's understanding of the human body.

Nexon selects PlaySpan's monetization platform

Fri, 17 Dec 2010 12:19:26 GMT

Nexon America, the North American publishing arm of Nexon Corp, said on Friday that it entered into a new partnership with PlaySpan, the global leader in monetization solutions for online games, virtual worlds, and social networks, and video games.

SIFY introduces Microsoft-based applications

Fri, 17 Dec 2010 12:07:41 GMT

Sify Technologies Limited, a leader in enterprise and consumer internet services in India with global delivery capabilities, on Friday launched number of interactive user applications to enrich user experience in partnership with Microsoft India.

MIC electronics launched 102-inch LED TV marking silver jubilee

Fri, 17 Dec 2010 09:06:45 GMT

MIC Electronics Limited, Hyderabad-based pioneers of LED Display and lighting products, has reased its 102-inch 3mm and 4mm 'True' LED TVs which will be compared to Plasma TVs of the same size. The comparison will be basically on the

Kalam calls for extending opensource software to all sectors

Fri, 17 Dec 2010 08:33:35 GMT

Former President A P J Abdul Kalam has called for extending free and open source software model to all sectors in order to benefit the community at large. This alternative model is required in the wake of failure of market forces and the patent model in serving the needs of the common man.

Hold video call service for now, DoT tells telcos

Fri, 17 Dec 2010 07:45:34 GMT

Government has asked three telecom service providers -- Airtel, Tata and Reliance -- to put on hold their video calling services on 3G until interception facilities are cleared by security agencies.

Parting ways: Hero Group to buy Honda’s 26 per cent stake

Thu, 16 Dec 2010 07:09:04 GMT

Breaking its 26-year-old joint venture, Munjals-promoted Hero Group on Thursday said it would buy the entire 26 per cent stake of its Japanese partner Honda in the company for an undisclosed amount. However, Hero Honda will continue to produce and sell the existing models.

Y S Jaganmohan Reddy faces tax evasion investigation

Thu, 16 Dec 2010 06:11:01 GMT

Y S Jagan Mohan Reddy, who resigned from Congress and as Kadapa MP recently, is said to be facing Income Tax evasion investigation, according to reports. All payments received by 15 companies owned by Jagan are under the scanner.IT Dept is investigating how Jagan offloaded shares in Bharathi Cement.

Novell launches 12 new products, adds 4,500 customers

Thu, 16 Dec 2010 05:49:51 GMT

One year after announcing its intentions to lead in the rapidly growing market for intelligent workload management, Novell has shipped more than twelve new products, signed over 4,500 new customers and inked landmark partnerships with leading companies.

CA Technologies predicts cloud computing to reign in 2011

Thu, 16 Dec 2010 05:41:32 GMT

IT major CA Technologies on Thursday released its technology predictions for 2011, many of which forecast that the upcoming year will be when companies of all sizes realize the promise of the cloud.

UPS celebrates global volunteer month in India

Thu, 16 Dec 2010 05:31:16 GMT

In a celebration of volunteerism, logistics major UPS’s employees and their families in the Asia Pacific Region contributed 24,000 volunteer hours of community service during the company’s 8th annual global volunteer month.

Gati launches special Christmas goodies on makemygiftz.com

Thu, 16 Dec 2010 05:21:27 GMT

Gati Ltd, India’s leading express distribution and supply chain solutions provider, launched an array of Christmas special products like Christmas cakes, Christmas cookies, Christmas chocolates, Xmas lanterns etc on their gifting site makemygiftz.com.

TCS bags Rs 85 crore contract from Indian Bank

Thu, 16 Dec 2010 03:36:08 GMT

India's IT bellwether Tata Consultancy Services said on Thursday that it signed a three-year deal with Indian Bank , valued at Rs 85 crore. TCS will implement a financial inclusion solution that will help the bank expand its services.

TiE Entrepreneurial Summit to be hold in Delhi from Dec 21

Thu, 16 Dec 2010 03:12:38 GMT

Over 2000 entrepreneurs are expected to participate in the annual entrepreneurial summit of The Indus Entrepreneurs (TiE) scheduled to be held in New Delhi from December 21 to 23.Nobel Laureate Prof Amartya Sen, Infosys founder N R Narayana Murthy, Shiv Nadar of HCL and Shekhar Kapur will speak.

Supreme Court to monitor probe into 2G spectrum scam

Thu, 16 Dec 2010 02:32:36 GMT

Set to monitor the 2G spectrum scam probe, the Supreme Court on Thurdays widened the investigation into the case by bringing in its ambit the telecom policy from 2001 to 2008, covering both the NDA and the UPA regimes.An SC bench said the probe would determine the loss of money.

Ford Figo wins 2011 Indian Car of the Year Award

Thu, 16 Dec 2010 02:20:33 GMT

Ford Figo was selected as Indian Car of the Year (ICOTY) 2011 on Thursday, earning the country’s top automotive award in the fiercely competitive Indian market. Now in its sixth year, the ICOTY is awarded to a new vehicle after comprehensive testing by a jury of automobile journalists in India.

RBI keeps interest rates unchanged, but cuts SLR to 24 pc

Thu, 16 Dec 2010 01:55:10 GMT

With the inflation on the decline and amid reports of liquidity crunch, the Reserve Bank of India (RBI) on Thursday announced pumping in Rs 48,000 crore into the system, while keeping the interest rates unchanged. RBI kept its short-term lending and borrowing rates unchanged.

Jones Lang LaSalle India wins four Property World Awards

Thu, 16 Dec 2010 01:20:26 GMT

In a decisive display of undisputed market leadership, international property consultancy Jones Lang LaSalle India swept up all four awards in the IPC segment at the Property World Awards function held on December 15, 2010.

Gupta Equities inks MOU with Bank of India

Wed, 15 Dec 2010 08:45:20 GMT

Gupta Equities Pvt. Ltd. (GEPL), a leading financial services company, and Bank of India entered into a strategic tie-up to launch an online share trading facility. With this, GEPL’s internet trading services platform will now be available to the bank’s customers.

Tata Motors Group global sales up 6 pc at 79,959 units in Nov

Wed, 15 Dec 2010 05:20:41 GMT

The Tata Motors Group global sales, including Jaguar Land Rover, were 79,959 units in November 2010, a growth of 6 per cent over November 2009. Cumulative sales for the fiscal (April 2010 – November 2010) are 678,598, higher by 30 per cent, compared to the corresponding period in 2009-10.

Used household Items get better price on Internet than exchange offers

Wed, 15 Dec 2010 05:07:07 GMT

Sulekha.com, one of India's leading players in Local and Social Commerce, Online and on Mobile, today announced the results of a study undertaken on the Used Household Items Market in India.

Fast track loan on Tata Nano in 48 hours from Tata Motors Finance

Wed, 15 Dec 2010 04:51:30 GMT

TMF will provide finance up to 90% for the Tata Nano, at easy rates. TMF, which provides customer finance for all Tata Motors vehicles, is present in all the 540 odd passenger vehicles outlets of the company.

Frost & Sullivan predicts bullish scenario for environment markets

Wed, 15 Dec 2010 04:32:19 GMT

Frost & Sullivan estimates the environment market to register a growth of more than 15 per cent in the next five years. Frost & Sullivan said India presents a perfect balance in terms of growth across sectors, technologies, and projects

Knight Frank India estimates hotel room market to touch Rs. 12K cr by 2013

Wed, 15 Dec 2010 04:22:14 GMT

There are around 12 hotels in the upscale segment with 2,600 keys contributing to 46 per cent of the existing inventory. in Hyderabad, according to a research finding. By the end of 2013, the number of rooms demanded per day is expected to reach 4,675 from 3,387 in 2010.

‘Sales of electric vehicles will jump to 20,400 units by 2014-15’

Wed, 15 Dec 2010 04:20:52 GMT

Market research firm Frost & Sullivan estimates that the annual sales of electric vehicles in the country will increase many fold to reach 20,400 units by the year 2014-15 from the existing 810 units.

OxiCash partners Bookmyshow.com to enhance ticket sales

Wed, 15 Dec 2010 03:56:41 GMT

Oxigen Services India Pvt. Ltd, an IT-enabled multi- services platform and distributor of Recharges, Prepaid subscriptions and Bill payments, today announced a tie-up with Bookmyshow.com, India's premiere E-commerce provider, a one stop shop for entertainment ticketing.

Amrita Patel first Indian to be elected to International Dairy Federation

Wed, 15 Dec 2010 03:50:56 GMT

Dr Amrita Patel, Chairman, National Dairy Development Board achieved the rare distinction of being the first Indian to be elected to the Board of the International Dairy Federation (IDF). Dr Patel is the first woman to be elected to the IDF Board.

Axis Bank goes mobile with Idea for financial inclusion

Wed, 15 Dec 2010 03:42:01 GMT

Axis Bank and Idea Cellular on Wednesday signed a deal to appoint Idea as a ‘Business Correspondent’ of the bank to provide an entire range of financial products and services offered by it through the mobile operator’s retail outlets.

Govt may regulate corporate lobbying, says Khurshid

Wed, 15 Dec 2010 03:37:07 GMT

Amid the controversy over Niira Radia tapes, Corporate Affairs Minister Salman Khurshid said his ministry would hold discussions with other ministries to regulate corporate lobbying. "There is no law on this now....we may have to find some other way of regulating it," Khurshid told reporters.

Wipro Lighting wins Design for Asia Merit Recognition Award 2010

Wed, 15 Dec 2010 03:30:51 GMT

Wipro Lighting has won the coveted ‘Design for Asia Merit Recognition Award 2010’ in Product Design category for the most influential good design in Asia. Wipro’s designer LED streetlight, Orio, was chosen for the award.

Toyota says it received 12,000 pre-sale orders for Etios sedan

Wed, 15 Dec 2010 03:19:47 GMT

Japanese automaker Toyota Motor Corporation said that its Indian arm received 12,000 pre-sale bookings for its Etios sedan in the country since it began taking orders on December 1, putting it well on track to meet the car's annual sales target of 70,000 units.

Lanco Infratech to buy Australia's Griffin coal assets

Wed, 15 Dec 2010 03:17:54 GMT

Lanco Infratech on Wednesday said it had agreed to buy coal mines owned by Australia's Griffin Coal for an undisclosed sum, as the infrastructure major looks to secure fuel for its ambitious capacity addition plans. The deal is valued at $800 million to $850 million.

Xiotech plans expansion of Hyderabad operations

Wed, 15 Dec 2010 02:51:51 GMT

US-based Xiotech Corporation has decided to expand its operations in Hyderabad where it set up development and engineering centre in 2003. The company will establish sales and marketing operations to tap the growing Indian market for virtualization and virtual desktop infrastructures (VDIs)

BPCL increases petrol prices by Rs 2.96/L; Others to follow suit

Tue, 14 Dec 2010 09:44:32 GMT

Bharat Petroleum Corp (BPCL) on Tuesday hiked petrol prices by about Rs 2.96 a litre effective midnight tonight, and other state-owned oil companies IOC and HPCL will follow suit tomorrow.

KSK Energy to ink $400-million deal with Chinese firm

Tue, 14 Dec 2010 06:31:07 GMT

City-based KSK Energy ventures, a leading player in power sector, is likely to sign an agreement with China’s power equipment manufacturer Dongfang Electric Corporation for the procurement of 250 MW of wind turbines on Wednesday.

France plans `Google tax' from January 1

Tue, 14 Dec 2010 06:11:50 GMT

French Parliament on Tuesday decided to approve the Government of France plans to impose so-called "Google tax" on online advertisements. The new tax will be collected from January 1, 2011.The ‘Google Tax’ will be collected from the companies based in France.

Kone wins national energy conservation award

Tue, 14 Dec 2010 05:42:50 GMT

Leading elevator make Kone Elevator India Private Limited was on Tuesday honoured by the Bureau of Energy Efficiency (BEE), Union Ministry of Power, with national energy conservation award in recognition of the company’s efforts for the conversation of energy.

Unichem to make its product secure against counterfeiting

Tue, 14 Dec 2010 05:29:37 GMT

Pharma firm Unichem said it purchased 70 million of PharmaSecure's codes to be applied for use in protecting its brand and consumers against counterfeiting and diversion.

GLIM to hold ‘Meat the Dean’ programme in Hyderabad

Tue, 14 Dec 2010 05:21:41 GMT

Chennai-based Great Lakes Institute of Management, a leading management institute in the country founded by Prof. Bala V Balachandran, is hosting the ‘Meet the Dean’ program at Dr. Reddy’s Lab, Ameerpet on December 19, 2010 from 6:00 to 8:00 pm.

Raja's bid to influence judge is known to ex-CJI, says SC Judge

Tue, 14 Dec 2010 04:00:06 GMT

In an embarrassment to former CJI K G Balakrishnan , Supreme Court Judge H L Gokhale today contradicted his claim that he was not aware that it was former Union Telecom Minister A Raja , who had tried to influence a Madras High Court judge in a criminal case.

Vedanta shareholders give nod to Cairn deal

Tue, 14 Dec 2010 03:55:25 GMT

Shareholders of Vedanta Resources Plc have approved the proposed acquisition of majority stake in Cairn India for up to USD 9.6 billion, said an official of the London-listed mining group, according to reports.

TCS bags order from Deutsche Bank for TCS BaNCS

Tue, 14 Dec 2010 03:40:48 GMT

Software major Tata Consultancy Services (TCS) on Tuesday said that Deutsche Bank will implement TCS BaNCS Core Banking as its new core banking platform for global transaction banking (GTB). However, the deal size was not disclosed by the company.

Volkswagen launches 10 minute call-back service

Tue, 14 Dec 2010 03:24:15 GMT

With an aim to focus on customer satisfaction, German automaker Volkswagen has recently introduced a secured 10 minute call back service.

Dax Networks forays into IP surveillance

Tue, 14 Dec 2010 02:49:39 GMT

Dax Networks, a leading networking brand in India, launched a range of IP network video surveillance solutions. Starting from DX-133B-AN12-IP-A, these solutions are ideal for enterprise customers to monitor their businesses anytime from anywhere in the world.

Nucleus Software receives award from SAFA

Tue, 14 Dec 2010 01:27:35 GMT

Nucleus Software Exports Limited, a software solutions provider for banks and financial institutions, on Tuesday said the South Asian Federation of Accounts (SAFA) adjudged the company’s annual report as the recipient of a joint first runner up position

Abdul Kalam to inaugurate global meet on life skills in Hyderabad

Mon, 13 Dec 2010 07:13:10 GMT

Former President of India Dr. APJ Abdul Kalam will deliver the inaugural address at an international working conference on ‘Life Skills and Livelihood Skills - Challenges for Institutional Development’ being organized by REEDS from December 16 through 18, 2010.

Parliament adjourns after unproductive winter session

Mon, 13 Dec 2010 05:51:38 GMT

This winter session has been the least productive in the Parliament since 1985, and 2010 is perhaps the least productive year ever in Indian parliamentary history. MPs in the Lok Sabha used just six per cent of the time available for debate, thanks to the Opposition’s boycott of proceedings.

Ramco Systems forays into Bangladesh market

Mon, 13 Dec 2010 05:15:47 GMT

Ramco Systems, a leading software company focused on consulting, product and managed services, on Monday announced its foray into the growing Bangladesh market with its suite of ERP offerings. The company inked a partnership with Computer Source Ltd (CSL) to market its offerings.

RCom unveils 3G services in 4 telecom circles

Mon, 13 Dec 2010 05:02:09 GMT

Anil Ambani led Reliance Communications (RCom) on Monday rolled out 3G services in four telecom circles, making it the second private operator after Tata Teleservices to commence this advanced mobile services this year.

Omnitech gets global recognition in business continuity mgmt

Mon, 13 Dec 2010 04:44:56 GMT

Omnitech InfoSolutions Ltd received global recognition when the Business Continuity Institute (BCI-UK), the world’s largest and most respected BCM institute has recognized Amit Abhyankar, its Associate Vice President – Business Continuity Services as a certified business continuity practitioner.

India Real Estate: Whither Affordable Housing?

Mon, 13 Dec 2010 04:07:30 GMT

There is a lot of housing supply coming in, but the affordable variety is not happening where it is needed the most – in the central regions of cities like Mumbai, where properties are extremely overpriced now. Nevertheless, this is causing newer locations to be developed in the further suburbs.

Google India's top searches of 2010 - Google Zeitgeist 2010

Mon, 13 Dec 2010 03:42:25 GMT

We bring you the year that was, through top searches that defined India's preferences in 2010. The year-end Google India Zeitgeist- a listing of the top Google searches done by Indian netizens in 2010- throws up a panorama of events, moments and trends that shaped our lives this year.

Aventis offloads stake in its JV with Novartis for $22.4 m

Mon, 13 Dec 2010 03:27:04 GMT

Pharma major Aventis Pharma on Monday said it decided to sell its 49 per cent stake in Chiron Behring Vaccines Pvt Ltd (CBVPL) to its joint venture partner, Novartis Vaccines & Diagnostics Inc, for $ 22.4 million (about Rs 100 crore).

FAPCCI certificate course on Finance for entrepreneurs

Mon, 13 Dec 2010 03:26:09 GMT

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) conducting a certificate course in “Finance for Entrepreneurs” from December 27-30, 2010, from 4 pm to 6 pm,

CA Identity Manager now available on Salesforce.com AppExchange 2

Mon, 13 Dec 2010 03:16:05 GMT

CA Technologies on Monday announced the availability of CA Identity Manager on AppExchange 2.

Hyderabad-based Pyro develops mCommerce app for Citycell

Mon, 13 Dec 2010 02:52:14 GMT

City-based Pyro developed mCommerce solution for Citycell, a leading mobile broadband operator with nationwide data coverage in Bangladesh. This mCommerce platform also has an exhaustive suite of financial products and services besides utility bill payments.

Confidence Petroleum receives Rs 36 cr order from HPCL

Mon, 13 Dec 2010 02:42:25 GMT

Confidence Petroleum India on Monday said two of its units bagged orders to the tune of Rs 36.64 crore from Hindustan Petroleum Corporation for supply of 3.05 lakh LPG cylinders.

British firm to buy Paras Pharmaceuticals for $726 million

Mon, 13 Dec 2010 02:16:54 GMT

To boost its operations in the rapidly-growing Indian healthcare market, British consumer goods company Reckitt Benckiser agreed to buy privately-held Indian company Paras Pharmaceuticals for around $726 million. Paras makes several over-the-counter drugs, including Moov pain relief ointment

LiveMedia launches Kaun Banega Hoshiyar

Mon, 13 Dec 2010 02:03:30 GMT

LiveMedia, India's largest player in the digital destination media industry, on Monday announced an expansion in the repertoire of programmes carried by its 5000 screens across 2500 locations in 70 cities, with the introduction of ‘Kaun Banega Hoshiyar’.

CA Technologies launches CA Mainframe Chorus Solution

Mon, 13 Dec 2010 01:39:41 GMT

CA Technologies on Monday announced that CA Mainframe Chorus and CA Mainframe Chorus for DB2 Database Management had been launched.

QAI launches competency development program

Mon, 13 Dec 2010 01:29:13 GMT

QAI, which administers software certifications' examinations, recently launched business analysis foundation workshop, a three-day course and business analysis certification exam.

CEOs meet discusses “Sustainable environmental practices at work places'

Sun, 12 Dec 2010 08:00:49 GMT

On the sidelines of a global environment conference on Sustainability: A Business Strategy, a CEOs conclave was held here at Novotel Hotel at Shamshabad Airport on Saturday night.

CII felicitates India’s ‘Excellent Water-Efficient Industrial Units’

Sun, 12 Dec 2010 07:57:05 GMT

16 industrial units as “Excellent Water Efficient Unit” and 14 units as water efficient units under ‘Within the Fence’ category and 5 units as “Excellent Water Management initiative”

P.T.O’ – a book on quotes, phrases and idioms unveiled in Hyderabad

Sun, 12 Dec 2010 07:42:35 GMT

With an impressive record of successfully taking on responsibilities on his young shoulders, Y.Sid Reddy has added yet another milestone to his portfolio with the launch of his first book. The first time author launched his book on Sunday amidst academicians, corporate honchos and well wishers.

Telugu cinema industry in a quandary, no solution to crisis

Sun, 12 Dec 2010 12:05:32 GMT

The Telugu movie shootings have stopped and the crisis is still simmering. What started off as a minor dispute between the stunt masters of Telugu and Tamil industries has snowballed into a major controversy, leading to a crisis. The industry has been facing crisis from multiple fronts.

HCL Learning enters into alliance with Resonance

Sat, 11 Dec 2010 06:44:04 GMT

HCL Learning, a division of HCL Infosystems, along with Resonance, a premier coaching institute for IIT-JEE & other Competitive Exams, will bring in live video learning for various competitive examinations leveraging the nationwide HCL Knowledge Network.

'Global medical tourism to hit $100 billion mark by 2012'

Sat, 11 Dec 2010 06:26:46 GMT

The medical tourism sector is witnessing an exponential growth across the globe and set to grow into a USD 100 billion sector by 2012, a new report released by Frost & Sullivan, a leading business research and consulting firm, said.The sector is growing at a rate of 20-30 per cent annually.

Laryngectomee Society celebrates its 11th anniversary

Sat, 11 Dec 2010 04:33:26 GMT

The Laryngectomee Society of Apollo Hospitals celebrated its 11th anniversary at the Apollo Cancer Hospital on Saturday. Former All-England champion and the Dronacharya awardee Pullela Gopichand and badminton star Jwala Gutta interacted with brave cancer survivors.

Facebook to hold inaugural "Hackers Cup"

Sat, 11 Dec 2010 04:20:13 GMT

Social networking phenomenon Facebook is challenging software geeks around the world to show their mettle at its inaugural "Hackers Cup." Facebook is taking its tradition of all-night "hackathons" to a higher level with this international coding competition.

Hyderabad to host global meet on sustainability from Dec 12

Sat, 11 Dec 2010 11:44:15 GMT

A two-day global environment conference on ‘Sustainability: A Business Strategy’ is slated to be held in Novotel Hotel, Shamshabad Airport from tomorrow (December 12,2010).

State to encourage industrialisation, Chief Minister

Sat, 11 Dec 2010 11:42:39 GMT

Chief Minister N. Kiran Kumar Reddy said here on Friday that the State Government was extending incentives for establishing industries.

Nissan India launches diesel variant of Micra

Fri, 10 Dec 2010 06:33:52 GMT

Encouraged by the success of petrol variant of its small car Micra, Nissan Motor India on Friday unveiled the diesel variant of the small car which is priced between Rs 5.59 lakh and Rs 6.05 lakh (ex-showroom Delhi).The car powered by a 1.5 litre diesel engine will be available in two variants.

Net4 India organizes second Partners’ Business Opportunity Forum

Fri, 10 Dec 2010 06:20:47 GMT

Net4 India kicked off its second partners’ business opportunity forum at Hotel Marriott & Convention Centre here on Friday. The forum will be held in five cities, starting from Hyderabad and ending in New Delhi.

Gati official receives "Cold Chain Personality of the Year" award

Fri, 10 Dec 2010 06:16:24 GMT

Pawanexh Kohli, Chief Cold Chain Solutions Officer, Gati Ltd was awarded "Cold Chain Personality of the Year" by KPMG-Supply Chain Leadership Council at the Food, Logistics & Packaging Awards held at Mumbai.

AMD expects $ 2 b market for Ontario, a made-in-Hyderabad chip

Fri, 10 Dec 2010 06:12:52 GMT

AMD India on Friday announced the formal launch of Ontario and Zacate, the two chips that are made in Hyderabad from drawing board to motherboard. These chips would power netbooks and notebooks and ultrathin mainstream value notebooks and other original equipment.

Murugappa Group unveils new logo for its financial services biz

Fri, 10 Dec 2010 06:04:12 GMT

Chennai-based Murugappa Group, on Monday, unveiled the strategic vision and new brand identity for its financial services businesses.

Simpler payroll management from Tally

Fri, 10 Dec 2010 06:00:24 GMT

India’s leading business management software company, Tally Solutions, launched Payroll module software product which simplifies payroll management.

Indian first in Asia to be treated with Abbott's bioresorbable vas

Fri, 10 Dec 2010 05:41:16 GMT

Dr. Ashok Seth of Fortis-Escorts Heart Institute Successfully Treated the First Patient in Asia with Revolutionary Device to Treat Coronary Artery Disease

People Combine Group opens interactive play school in Hyderabad

Fri, 10 Dec 2010 05:38:18 GMT

People Combine, a group that pioneered the development of new generation international schools like Oakridge International, launched its first Oi (Open Interactive) Play School in Jubilee Hills, Hyderabad, on Friday.

Kalpataru Power Transmission bags Rs 600 crore orders

Fri, 10 Dec 2010 05:27:04 GMT

Kalpataru Power Transmission Ltd secured one order for turnkey execution of 400 KV transmission line from Democratic Republic of Congo and two orders from Power Grid Corporation of India Ltd. for construction of 765 KV transmission line in Orissa and Madhya Pradesh.

Rallis acquires majority stake in Metahelix Life Sciences

Fri, 10 Dec 2010 05:12:35 GMT

Rallis India Limited, a subsidiary of Tata Chemicals Limited, on Friday announced acquisition of a majority stake of 53.5 per cent in Metahelix Life Sciences, a Bangalore-based Seeds Research Company with a portfolio of seeds successfully commercialized over the last three years.

Rock star Bryan Adams to perform in Hyderabad on Feb 16

Fri, 10 Dec 2010 04:58:14 GMT

Canadian rock star Bryan Adams, who won 15 Grammy awards, will rock the City of Pearls on February 16. The internationally-acclaimed singer and songwriter will arrive in the city after his electric performances in Mumbai, Bangalore and New Delhi on February 12, 13 and 15.

Solaria Corporation partners Solar Semiconductor

Fri, 10 Dec 2010 03:41:22 GMT

Solar Semiconductor Inc., a provider of solar PV products and solutions, announced here on Friday that it had entered into an agreement with Solaria Corporation, a global manufacturer of cost-effective solar PV modules, to produce Solaria’s patented product at its manufacturing plant in Hyderabad

SpiceJet buys 15 Bombardier aircraft

Fri, 10 Dec 2010 03:17:45 GMT

Bombardier Aerospace announced today that SpiceJet of Gurgaon, India has placed a firm order for 15 Q400 NextGen turboprop airliners and has taken options on an additional 15 airliners.

Entrepreneurship development key to societal growth

Thu, 09 Dec 2010 09:36:24 GMT

APTEC 2010 saw the unveiling of Value added special quality products in Bamboo for rural livelihood and wonders what this fastest growing grass on earth can do.

‘Microfin operations will break down if Ordinance not amended’

Thu, 09 Dec 2010 09:34:43 GMT

Microfinance Institutions Network (MFIN), a self-regulating body of 44 RBI-registered microfinance companies, on Thursday warned that microfinance operations in Andhra Pradesh would break down if Ordinance is not modified before enacting it as a law.

Tata Motors launches Prima Construck

Thu, 09 Dec 2010 09:28:47 GMT

Tata Motors today unveiled the Tata Prima Construck range, at the Construction Machinery & Material Expo (COMMEX) 2010 in Hyderabad. The range comprises the Tata Prima 3128 K, Tata Prima 2528 K and Tata Prima 3138 K.

LIC Housing Finance bond issue over-subscribed by over 3 times

Thu, 09 Dec 2010 09:23:49 GMT

IC Housing Finance Ltd’s (LIC HFL) recent bond issue got a good response from institutional investors from Indian and foreign banks, mutual funds and insurance companies.

Shreyas Shipping & Logistics signs MoU with Tata Motors

Thu, 09 Dec 2010 09:16:59 GMT

Shreyas Shipping & Logistics has signed an MoU with Tata Motors. The company through its wholly owned subsidiary has signed a Memorandum of Understanding with Tata motors for acquisition of 50 trailers. It plans to invest Rs. 17 crore at regular intervals for acquiring 50 trailers.

Everonn launches ‘Edupreneur’ – ambassadors of learning

Thu, 09 Dec 2010 08:25:48 GMT

Seeking to provide a new thrust to education, Everonn Education has embarked on a novel project to promote people with entrepreneurial skills onto education.

Cyber attacks on India's critical infrastructure providers rising: Survey

Thu, 09 Dec 2010 04:59:32 GMT

Symantec Corp. on Thursday released the India findings of its 2010 Critical Infrastructure Protection (CIP) Survey, which highlighted that attacks against critical infrastructure providers in India had become more frequent and increasingly effective.

Now, 4-year warranty offer for Tata Nano buyers

Thu, 09 Dec 2010 04:38:25 GMT

With sales of the world’s cheapest car Tata Nano plunging, Tata Motors is coming out with one new offer or the other to rev up sales of its pride product. After exclusive sales outlets and banking financing, Tata Motors came forward to offer a four-year manufacturer's warranty on Nano cars.

GVK EMRI wins Piramal Prize 2010 for innovation in healthcare

Thu, 09 Dec 2010 03:48:24 GMT

The GVK Emergency Management and Research Institute (EMRI), which operates emergy medical services popular as ‘108 services’, has won the Piramal Prize 2010 for innovation in healthcare services.

Axis Bank to open 70-80 new branches this fiscal

Thu, 09 Dec 2010 02:59:39 GMT

Axis Bank, formerly UTI Bank, has planned 70 to 80 new branches for this fiscal and will, henceforth, increase its bank network by 20 per cent every year, said Shikha Sharma, the bank’s Managing Director and Chief Executive Officer, here on Thursday. The new branches would be opened this fiscal.

Shobha De launched P.T.O. authored by Y. Siddharth Reddy

Thu, 09 Dec 2010 11:35:03 GMT

' P.T.O ' a book penned by Y.Sid Reddy was launched by eminent writer and columnist Shobhaa De at a glittering function recently in Mumbai.

Moser Baer achieves 100 MW solar installation

Thu, 09 Dec 2010 11:29:09 GMT

Moser Baer India has become the first Indian solar photovoltaic modules company to achieve more than 100 mega watts of solar installations globally.

Google's operating system to make PCs cheaper

Thu, 09 Dec 2010 09:09:58 GMT

Google has launched a test version of the Chrome OS, its much-awaited and delayed internet-centric operating system that analysts say could make the personal computer cheaper by up to 25% in India. For this reason, experts expect a fall in computer prices in 2011 because the Google OS is free.

Petrol, diesel prices likely to be increased next week

Wed, 08 Dec 2010 06:16:39 GMT

State-owned oil companies are likely to raise petrol prices by Rs 1.50 - Rs 2 per litre early next week, while a Rs 2 a litre hike in diesel rates is under the government consideration, an official with knowledge of the developments said.

Frost & Sullivan finds education attractive for investments

Wed, 08 Dec 2010 05:23:46 GMT

An analysis carried out by Frost & Sullivan revealed that education sector in India would be attractive for investors and would offer growth opportunities.

Gitanjali Group receives Hellen Keller award

Wed, 08 Dec 2010 05:03:42 GMT

The Gitanjali Group was honoured with Helen Keller Award by National Centre for Promotion of Employment for Disabled People (NCPEDP), in recognition of its commitment to help people with disabilities and aiding their integration into society under its Project Saksham.

BMW India unveils diesel variant of 5 series luxury sedan

Wed, 08 Dec 2010 04:45:53 GMT

BMW India on Wednesday unveiled the diesel variant of its 5 series sedan- BMW 520d. Equipped with two-litre four-cylinder turbo diesel engine mated to an eight-speed automatic transmission, the new offering from the German luxury carmaker is priced Rs 36.9 lakh (Ex showroom).

eBay India rates Hyderabad as 6th largest e-commerce hub

Wed, 08 Dec 2010 04:16:37 GMT

The City of Pearls emerged as sixth largest e-commerce hub in the country in the third edition of the eBay India Census 2010 which were released in the city on Wednesday. New Delhi occupied the top slot among the 3,296 ecommerce hubs of Ebay India, followed by Mumbai, Jaipur, Chennai and Bengaluru

Indian Bank to offer Western Union money transfer service

Wed, 08 Dec 2010 04:03:59 GMT

HYDERABAD: Indian Bank will soon offer the Western Union Money Transfer service across its network, thus joining Western Union’s Agent network of over 3,85,000 locations in over 200 countries and territories, according to an announcement by Western Union.

DocWell launched for stock broking community

Wed, 08 Dec 2010 02:47:10 GMT

Pitney Bowes India Pvt Limited launched the much-awaited solution - "DocWell" in Indian markets. This solution is specially created for the Indian stock broking community and will provide an end-to-end in-house document management solution

Invest Toronto to India: Expanding India's global footprint via Toronto

Wed, 08 Dec 2010 02:29:05 GMT

Invest Toronto heads to India to encourage Indian companies to capitalize on the investment opportunities available in Toronto. An intensive program is planned as Invest Toronto travels to Delhi, Mumbai and Pune to engage Indian companies interested in expanding into North America via Toronto.

CBI commences raids on A. Raja's house

Wed, 08 Dec 2010 01:16:55 GMT

CBI is carrying out raids on the premises of five persons in connection with the 2G spectrum allocation case. Nobody was arrested so far. "We have raided the premises of five persons. Raids are still on and any further details cannot be given as of now," according to CBI Director A P Singh.

ISB inks MOU with US-based Tufts University

Wed, 08 Dec 2010 12:48:05 GMT

The Indian School of Business (ISB) Tuesday signed a Memorandum of Understanding (MoU) with The Fletcher School of Law & Diplomacy, Tufts University, USA, to support the setting up of the Bharti Institute of Public Policy at the upcoming ISB campus in Mohali, Punjab.

Automated Car Parking would address traffic woes: Frost & Sullivan

Tue, 07 Dec 2010 06:13:45 GMT

Automated Car Parking system would address parking and traffic woes in Indian cities in future. The ACP system is eco-friendly and increases safety for cars, according to a report of Frost & Sullivan.

BIG CBS Prime channel launches its media marketing campaign

Tue, 07 Dec 2010 06:11:09 GMT

Reliance Broadcast Network Ltd. and CBS Studios, on Tuesday, launched integrated media marketing campaign for its channel BIG CBS Prime.

RE/MAX India organizing a real estate convention at Delhi

Tue, 07 Dec 2010 06:07:03 GMT

RE/MAX Realty Rendezvous, RE/MAX India is organizing a conference “Empower through Education”, a four- day Real Estate Education Convention at Delhi up to December 8, 2010.

Jindal Shadeed begins production in Oman in record time

Tue, 07 Dec 2010 06:03:46 GMT

Jindal Steel and Power Limited (JSPL) on Tuesday said that its plant in Oman (Jindal Shadeed) commenced trial production almost five months ahead of schedule with the production of Hot Briquetted Iron (HBI) on December 5, 2010.

WikiLeaks founder Julian Assange arrested in London

Tue, 07 Dec 2010 05:32:22 GMT

British police on Tuesday arrested WikiLeaks founder Julian Assange in London. However, his arrest is nothing to do with his whistle blower website as he was taken into custody on a European warrant issued by Sweden over allegations of sex crimes including rape.

Wipro to build and manage Vodafone’s fixed line telecom services

Tue, 07 Dec 2010 05:13:12 GMT

Telecom operator Vodafone Essar on Tuesday said it signed a contract with IT major Wipro which will build and manage Vodafone Essar’s fixed line telecom services for enterprise business customers.

Gold price peaks at Rs. 21,050 for 10 gm

Tue, 07 Dec 2010 05:12:17 GMT

Gold prices rose to an all-time high of Rs 21,050 per ten gram here today, on brisk buying for the ongoing marriage season amid firming global trend. Silver also climbed a new peak at Rs 45,500 per kg on rising demand from industrial units and coin makers

India rises at night when govt is at sleep: Gurucharan Das

Tue, 07 Dec 2010 04:23:49 GMT

India rises at night when government is at sleep. India has become the second largest economy in the world with one hand tied. The tied hand is a metaphor for the lack of good education to Indian children, according to Gurucharan Das, an author and former CEO of Procter & Gamble India

Naukri Job Speak index for Hyderabad down 11 pc in Nov

Tue, 07 Dec 2010 04:13:13 GMT

The Naukri Job Speak index for Hyderabad, an indicator of recruitment activity in the city, was down by 11 per cent month-on-month in November. The index which stood at 978 points in October 2010 fell to 874 in November. However, the index was up 16 per cent when compared to November 2009.

TRAI aims 100 million broadband subscribers by 2014

Tue, 07 Dec 2010 03:46:16 GMT

The Telecom Regulatory Authority of India (TRAI) on Tuesday said it was aiming a 10-fold jump in broadband subscribers to 100 million in the country by 2014. Currently, the country has 10.29 million subscribers now and a 10-fold jump will take the total subscriber base beyond 100 million.

Google launches smartphone Nexus S, priced at $529

Tue, 07 Dec 2010 02:01:01 GMT

Internet giant Google launched new smartphone Nexus S, a new player on the mobile phone market battlefield. The smartphone, priced at $529, is made by South Korea's Samsung.The Nexus S is the second smartphone from the Google which launched Nexus One about a year ago.

Welspun bags Rs 1,670 cr orders from overseas

Tue, 07 Dec 2010 01:31:01 GMT

Pipe manufacturer Welspun Corp today said it has received new orders worth Rs 1,670 crore from the international markets.

NIIT forges alliance with salesforce.com

Tue, 07 Dec 2010 01:19:14 GMT

Asia's largest IT trainer NIIT Ltd said on Tuesday it signed an authorized training reseller agreement with salesforece.com, an enterprise cloud computing company.Under this agreement, NIIT will offer training programs on salesforce.com CRM Management and Force.com.

Facebook offers IIT Kharagpur student Rs 60 lakh package

Tue, 07 Dec 2010 08:11:55 GMT

Just six days into the process, the IIT placement season has seen top salaries jump between 40% and 172% and average salaries go up between 15% and 30% over last year.The number of foreign offers may show a two to threefold increase over last year.

Logitech launches S715i rechargeable speaker

Mon, 06 Dec 2010 09:08:37 GMT

Logitech India, on Monday, unveiled its Rechargeable Speaker S715i , a speaker dock for iPod and iPhone.

Netxcell CEO bags Indira Super Achievers award

Mon, 06 Dec 2010 07:54:14 GMT

Netxcell Limited, a telecom application provider, on Monday, announced that its CEO Debasis Chatterji, has been awarded the Indira Super Achievers award for 2010-11, at a event held at HICC, Hyderabad.

CM assures full cooperation to MSMEs

Mon, 06 Dec 2010 07:17:16 GMT

Chief Minister N. Kiran Kumar Reddy, on Monday, has assured his Government's full cooperation to Micro, Small and Micro Enterprises (MSME) to the delegation team from FAPCCI.

Dell XPS laptops to provide high definition entertainment

Mon, 06 Dec 2010 06:38:15 GMT

Dell new range of product XPS laptops, deliver pulse pounding JBL and Waves sound design, HD video featuring graphics from NVIDIA. The laptops are also first Skype-certified laptops with HD video streaming webcams.

SBI Life launches three new insurance products

Mon, 06 Dec 2010 06:14:24 GMT

Beefing up its existing product range further, SBI Life launched a series of products that include low premium traditional plan Saral Life, Child ULIP Smart Scholar and HNI-targeted Smart Elite. The product range is designed keeping in mind life stage needs and varied risk profiles.

Chhattisgarh selected as official state at display by Ministry of Tourism

Mon, 06 Dec 2010 05:46:54 GMT

Chhattisgarh Tourism Board (CTB),on Monday ,announced that Chhattisgarh has been selected as the official state at display by the Ministry of Tourism, India for the month of December 2010.

New Delhi emerges top in competitiveness rankings 2010

Mon, 06 Dec 2010 05:28:12 GMT

National capital New Delhi emerged as top ranker and most competitive city in the country in competitiveness rankings 2010. The country’s financial hub Mumbai dropped in ranking from first place in 2009 to 3rd place in 2010, overtaken by Chennai.

Tata Tele launches instant audio conference service

Mon, 06 Dec 2010 05:09:33 GMT

Leading telecom operator Tata Teleservices Limited (TTSL) on Monday launched ‘Insta Conference’ – a unique audio conferencing service using XOP Network’s Universal Service Node (USN) platform.

HCC inks two deals with VINCI Construction

Mon, 06 Dec 2010 05:05:44 GMT

Hindustan Construction Company Limited (HCC), an engineering construction company in India, on Monday, signed a cooperation agreement with VINCI Construction Grands Projects (VGGP) to work on identified power, water, transportation and infrastructure projects in India.

SBI raises deposit rates by up to 150 basis points

Mon, 06 Dec 2010 04:45:35 GMT

India’s largest bank State Bank of India (SBI) on Monday hiked deposit rates by up to 150 basis points or 1.5 per cent across various maturities, a move that will provide better returns to people with fixed deposits in the bank. The new rates will become effective from tomorrow.

CA Technologies appoints new head for its security business

Mon, 06 Dec 2010 04:32:36 GMT

CA Technologies on Monday announced the appointment of Michael Denning as general manager of its security business, which is focused on Identity and Access Management (IAM).

Glenmark gets USFDA nod for Oxycodone Hydrochloride

Mon, 06 Dec 2010 04:25:15 GMT

Glenmark Generics Inc., the United States subsidiary of Glenmark Generics Ltd, and Lehigh Valley Technologies (LVT) has announced the approval from the USFDA of two new drug applications(NDAs) for Oxycodone Hydrochloride.

Cars to cost more from Jan as automakers plan price hikes

Mon, 06 Dec 2010 03:00:38 GMT

Cars and other automobiles in the country are set to cost more from January as most of the automakers are gearing up to hike prices in view of the increasing input costs.While General Motors and Hyundai has already announced price revision, Maruti is expected to do soon.