Business News

Last updated: Thursday, August 28, 2014 2:06:14 PM

Customs, excise duty collection up 9.2 percent
New Delhi, July 14 (IANS) India's customs and central excise revenue collection shot up to Rs.191.25 billion ($4.4 billion) in June this year against Rs.175.06 billion in the year-ago period, up by 9.2 percent.

Monday, July 14, 2008 8:45:53 PM

Credit offtake by India Inc excellent: Kamath
Bangalore, July 14 (IANS) Credit offtake by India Inc during the first quarter (April-June) of this fiscal has been excellent though consumer credit has slowed down, said Confederation of Indian Industry (CII) president K.V. Kamath here Monday.

Monday, July 14, 2008 8:30:36 PM

Volkswagen posts 69 percent sales growth in India
Mumbai, July 14 (IANS) Europe's leading automobile manufacturer Volkswagen Group notched a 69 percent growth in sales of its Audi, Skoda and Volkswagen brands in India this year.

Monday, July 14, 2008 8:27:42 PM

Mukesh Ambani meets PM amidst demand for windfall tax
New Delhi, July 14 (IANS) Reliance Industries Limited (RIL) chairman Mukesh Ambani Monday met Prime Minister Manmohan Singh Monday amid calls for the imposition of a windfall profit tax (WPT) on private petroleum firms.

Monday, July 14, 2008 7:35:19 PM

Mahanadi anicut to meet Naya Raipur's water needs
Raipur, July 14 (IANS) The Chhattisgarh government will spend Rs.315.8 million ($7.3 million) to construct an anicut on Mahanadi river to ensure water supply to the upcoming mega satellite city, Naya Raipur.

Monday, July 14, 2008 7:17:48 PM

Bailout package for Air India on cards
New Delhi, July 14 (IANS) National Aviation Co of India Ltd (NACIL), which runs the state-owned carrier Air India, may get a bailout package soon to meet the losses incurred due to rising aviation fuel prices and operational costs, a top government official said.

Monday, July 14, 2008 7:16:58 PM

Himachal Pradesh to promote wind power energy
Shimla, July 14 (IANS) Buoyed by the success of hydro power projects, the Himachal Pradesh government is now planning to tap wind power potential in a big way.

Monday, July 14, 2008 6:46:01 PM

US furniture chain in SEZs as part of India retail plan
Chennai, July 14 (IANS) Indo Rama Retail Holdings Pvt Ltd, the Indian franchisee of the US-based Office1Superstores, is planning to set up stores inside special economic zones (SEZ) as part of its ambitous plans to set up a chain of stores across the country to cater to the growing demand for quality office stationery.

Monday, July 14, 2008 6:33:20 PM

A village council that gives credit cards to villagers
Bhopal, July 14 (IANS) Most households in the Jaltara village in Madhya Pradesh's tribal dominated Mandla district have credit cards. The village council, in an unique initiative, has provided them cards that enable villagers to avail low-erest loans to support their livelihood activities.

Monday, July 14, 2008 6:16:48 PM

Ahlstrom to set up Rs.2.8 bn fabric plant in Gujarat
Ahmedabad, July 14 (IANS) Singapore-based Ahlstrom Asia Holding has announced setting up of a fabric manufacturing plant in Mundra special economic zone (SEZ) in Kutch district of Gujarat with a proposed investment of Rs.2.8 billion.

Monday, July 14, 2008 5:50:51 PM

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