Business News

Last updated: Wednesday, July 01, 2015 11:48:03 PM

Chidambaram upbeat on growth but farm output a worry
New Delhi, March 5 (IANS) The $1 trillion Indian economy will expand 8.8 percent this fiscal, thanks to the boom in investment, but farm output continues to be a drag on overall growth, Finance Minister P. Chidambaram said Wednesday.

Wednesday, March 05, 2008 1:25:07 PM

Remunerative market must for farmers: Swaminathan
New Delhi, March 5 (IANS) Eminent agriculture scientist M.S. Swaminathan Wednesday said that a remunerative market for farmers has become a must to ensure the stability of the farm sector.

Wednesday, March 05, 2008 11:14:01 AM

Markets open flat on weak global cues
Mumbai, March 5 (IANS) The Indian equities market Wednesday opened flat on weak cues from the global markets. The negative rally was led by banking stocks which saw heavy selling in the early trade.

Wednesday, March 05, 2008 11:11:25 AM

Coal watchdog welcome, but look at energy holistically: experts
New Delhi, March 5 (IANS) Power producers have welcomed the move for a watchdog for the coal industry as announced in India's national budget for 2008-09, but feel the nation's interests would be served better if an independent regulator oversaw the entire energy sector.

Wednesday, March 05, 2008 9:46:31 AM

Punjab forms committee to study loan waiver scheme
Chandigarh, March 4 (IANS) The Punjab government Tuesday evening set up a committee to 'study' the implications of the Rs.600 billion ($15 billion) farm loan waiver scheme, announced by the central government in the 2008-09 budget.

Tuesday, March 04, 2008 11:36:12 PM

Nestle India registers soaring profits
New Delhi, March 4 (IANS) Swiss food giant Nestle India's Tuesday reported profits of Rs.936.1 million ($23 million) during the quarter ending Dec 31, 2007 compared to Rs.624.6 million in the same period last year.

Tuesday, March 04, 2008 11:07:05 PM

Test marketing of fibreglass LPG cylinders to begin soon
New Delhi, March 4 (IANS) State-owned oil marketing companies (OMCs) would start test marketing of liquefied petroleum gas (LPG) in fibreglass cylinders in select cities, Minister of State for Petroleum Dinsha Patel said here Tuesday.

Tuesday, March 04, 2008 10:18:24 PM

Air India grounds 38 overweight airhostesses
New Delhi, March 4 (IANS) The state-run Air India has grounded 22 overweight airhostesses - 22 working for its domestic and 16 for international services respectively, Civil Aviation Minister Praful Patel said here Tuesday.

Tuesday, March 04, 2008 10:17:44 PM

Oil PSUs to invest Rs.2.3 tn during 11th plan
New Delhi, March 4 (IANS) The government has approved an investment plan of Rs.2.3 trillion ($57.3 billion) for the state-owned oil and gas companies in the 11th Five-Year Plan (2007-12), minister of state for petroleum Dinsha Patel said here Tuesday.

Tuesday, March 04, 2008 10:12:46 PM

ICICI Bank loses $264 million to sub-prime crisis
Mumbai, March 4 (IANS) India's leading private bank ICICI Bank has suffered losses of over $264 million due to the sub-prime mortgage meltdown in the US, the highest loss reported by an Indian bank.

Tuesday, March 04, 2008 9:00:33 PM

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