Business News

Last updated: Tuesday, July 29, 2014 2:06:16 PM

Inflation at 8.24 percent a problem, says Chidambaram
New Delhi, June 6 (IANS) India's annual inflation rate touched a 45-month high of 8.24 percent for the week ending May 24, prompting austerity measures by the government that include cancellation of visits abroad of some ministers and a ban on official engagements at five-star hotels.

Friday, June 06, 2008 6:01:27 PM

India to export $100mn of composites to Israel
New Delhi, June 6 (IANS) In yet another pointer to India's growing technological skills, state-owned Hindustan Aeronautics Limited (HAL) is to export lightweight composite materials worth $100 million to Israel, which will be using them to manufacture man-portable unmanned aerial vehicles (UAVs) that could find their way back to this country.

Friday, June 06, 2008 6:00:51 PM

Andhra rules out tax cut on petrol, diesel
Hyderabad, June 6 (IANS) Andhra Pradesh Friday ruled out reducing sales tax on petrol and diesel.

Friday, June 06, 2008 6:00:20 PM

Haryana slashes VAT on LPG, diesel
Chandigarh, June 6 (IANS) Haryana Friday became the first state in the country to waive off value added tax (VAT) on liquefied petroleum gas (LPG) and reduced it for diesel to soften the hike in prices of both commodities announced by the central government two days back.

Friday, June 06, 2008 5:45:41 PM

Punjab allows paddy sowing from June 10
Chandigarh, June 6 (IANS) The Punjab government Friday allowed farmers to start sowing paddy from June 10 onwards.

Friday, June 06, 2008 5:45:18 PM

Karur Vysya Bank posts Rs.2.08 bn net profit
Chennai, June 6 (IANS) The Karur Vysya Bank, one of the oldest private sector banks in the country, has posted a net profit of Rs.2.08 billion ($49.5 million) for 2007-8 against Rs.1.60 billion of the previous fiscal, a growth of 30.2 percent.

Friday, June 06, 2008 5:29:49 PM

Soaring inflation pulls down equities markets
Mumbai, June 6 (IANS) The Indian equities markets ended the week with a sharp cut Friday following the government's announcement that inflation had surged to 8.24 percent. Metal, realty, banking, FMCG and pharma stocks were prominent among the losers.

Friday, June 06, 2008 4:57:32 PM

Tamil Nadu to build Rs.60 bn petrochemical mega-complex
Chennai, June 6 (IANS) Tamil Nadu Industrial Development Corp Ltd (Tidco) is planning to develop the Cuddalore-Nagapattinam belt as a petroleum, chemical and petrochemical investment region at an investment of Rs.60 billion ($1.4 billion), said a top official.

Friday, June 06, 2008 4:48:32 PM

Sensex ends almost 200 points in the red
Mumbai, June 6 (IANS) The Indian equities markets closed deep in the red Friday.

Friday, June 06, 2008 4:21:31 PM

Government's austerity measure scuttles Aiyer's foreign trip
New Delhi, June 6 (IANS) Mani Shankar Aiyer has become the first minister to be affected by the government's austerity measures, announced by Prime Minister Manmohan Singh. Aiyer, who was scheduled to go on a 13-day trip to the US and Norway, was asked at the last moment to cancel his visit.

Friday, June 06, 2008 4:20:31 PM

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