Business News

Mumbai, Oct 7 (ANI): After the downward trend over the past few days, the Sensex opened this morning up by over 379 points in early trade. The improvement in the index was attributed to revival of buying by FIIs after SEBI eased curbs on indirect investments by foreign funds and the RBI slashed CRR.

Dubai, Oct 7 (ANI): ICICIdirect.com, a major online trading platform in India, launched its online Futures and Options (F and O) trading service for non-resident Indians (NRIs), here last evening.

Alibaug (Maharashtra), Oct 6 (ANI): Eighty two percent farmers and landowners in Raigad district are against the of the proposed Reliance Special Economic Zone (SEZ) project.

Mumbai, Oct 6 (ANI): Sensex plunged to below 12,000, it's lowest in the last two years today.
The Bombay Stock Exchange's Sensex touched an intra-day low of 11,954.09, its lowest level since September 2006.

Kashmir, October 4 (ANI): Milk Production Cooperative societies in the Kashmir are proving to be a successful venture. It has increased milk production and dividends for milk producers in the terror-torn state. Earlier there were only 150 milk societies a few years ago but now the number has reached to 190 and more growth is expected in future.

Tata group chairman Ratan Tata on Friday finally decided to pull out their Nano car plant from Singur in West Bengal because of continuing political opposition to it.

New Delhi, October 3 (ANI): The adventure lovers in India have a reason to rejoice.Hindustan motors and Mitsubishi Motors on Friday launched their joint venture Mitsubishi outlander, a hi-tech car in the SUV category. Outlander has been launched into the country after it received success in North America, Japan, Australia, Canada and Western Europe.

Self help groups started by educated unemployed people at Jorhat in Assam have brought a ray of hope into lives of many unemployed.

(ANI): The hosiery industry in Ludhiana fears that uncertain conditions in various parts of the country would badly hit its business and derail it from meeting the expected growth target.

Mumbai, Oct 1 (ANI): The Bombay Stock Exchange (BSE) launched its currency derivatives segment in dollar-rupee currency futures on Wednesday in Mumbai.

Nicosia, Oct 1 (ANI): The ETA-Ascon Star Group, which is based in the United Arab Emirates, has announced plans to redevelop hundreds of small airstrips in India to serve the corporate jet market in the Gulf and take advantage of the growing traffic created by businessmen who travel to the business and industrial parks and economic zones in India.

In a significant move the Government of India has patented the traditional Kashmiri Pashmina shawl to prevent its imitation that has been causing heavy losses to the weavers in the valley.

Melbourne, September 30 (ANI): Confectionery giant Cadbury has decided to withdraw products manufactured in its Beijing factory from the market, following fears of contamination from toxic Chinese milk.

Farmers in Rajouri district of Jammu and Kashmir are busy supplementing their income through bee- keeping and earning good returns by adopting modern techniques.

The Bombay Stock Exchange on Monday provisionally fell 3.87 percent as a spreading global financial crisis kept investors nervous.

Petroleum Secretary R.S. Pandey said on Monday that India's Reliance Industries wants tax changes to make diesel sales from its export-oriented refinery commercially viable in the domestic market.

Mumbai, Sept 29 (ANI): Bombay Stock Exchange (BSE) provisionally fell 3.87 per cent on Monday as a spreading global financial crisis kept investors nervous, with top private sector lender ICICI Bank leading the losses.

Santa Clara, California, September 29 (ANI/Business Wire India): PMC-Sierra, Inc. today added four new multi-band devices to its WiZIRD(TM) family of highly integrated WiMAX(TM) RF IC solutions for Broadband Wireless Subscriber equipment.

With the plucking of walnuts in the final stage, growers of this fruit in Kashmir are anticipating a bumper yield this year. The walnut orchard owners attribute this to favorable weather conditions this year.

Get ready for another round of air fare hike this festive season. Jet Airways on Wednesday said it's looking at raising fares by a single digit percentage point in coming days.