Business News

India's northeast tea industry is all set to get a great fillip with new avenues of export ventures being opened-up with Kazakhstan.

Melbourne, Oct.21 (ANI): Indian information technology services major Mahindra Satyam has appointed Bobby Gupta as its new business development chief, overseeing its operations in Australia and New Zealand.

India's commerce and Industry minister Anand Sharma on Monday said that cabinet committee on Economic Affairs approved the release of new monthly inflation data with 2004 as the base year, in line with global best practices.

Mumbai, Oct.16 (ANI): Banking stocks drove the Bombay Stock Exchange (BSE) sensex up by 0.74 percent to its highest close in 17 months despite witnessing a slide in metals maker Sterlite Industries after it sold debt checked the gains on Friday.

Hasti Petro Chemical and Shipping Limited (HPCSL), a private venture has launched its second inland container depot (ICD) named the Thar Dry Port at Sanand, on the outskirts of Ahmedabad.

Pakistani traders at the ongoing Chandigarh fair in Punjab are doing a brisk business as a large number of visitors are thronging the stalls for exclusive fabrics and other handicrafts.

Infosys Technologies Limited on Friday reported a 7.5 percent rise in quarterly profit and said it expected annual sales and profit to fall less than previously forecast as global demand for outsourcing grows.

The floods in south Indian states of Andhra Pradesh and Karnataka have lead to an increase in the prices of onions in Maharashtra.

With the Hindu festival of lights Deepavali approaching, the Indian markets are flooded with lamps, lights and statues.

Jammu, October 9 (ANI): Surging gold prices have led the residents of Jammu to buy artificial jewellery instead of gold. The demand for gold normally rises between August and October when consumers buy it in huge quantity for auspicious occasions to celebrate major Hindu festivals like Dussehra, Diwali and Dhanteras. But as the gold prices are on a rise, buyers have resort to artificial jewellery.

Tourism in Sikkim is on an increase, thanks to its natural beauty and peaceful environment. Around 2, 80,000 tourists visited Sikkim in the first five months of 2009, which is nearly 35 percent more than the last year.

Sydney, Oct.5 (ANI): The head of the low-cost airline Jetstar, Bruce Buchanan, has aid that the airline is eying route-related opportunities in China and India.

Preparations are on to light up Moradabad in Uttar Pradesh, as firework factories have geared up to do good business during the Hindu festival of Diwali to be celebrated on October 17 across the country.

Johannesburg, Oct.2 (ANI): Swiss food giant Nestli has announced it would stop buying milk from a Zimbabwean dairy controlled by Robert Mugabe's wife, Grace.

Reserve Bank of India Governor D Subbarao on Thursday said that India's central bank needs to control inflationary expectations and support growth, and claimed to look at the complete picture of growth before it presents the mid-term review of monetary policy on October 27.

Nicosia Oct 2 (ANI): Exterior cladding for Burj Dubai, the world's tallest building standing at 662 metres, has now been completed.

Farmers in Abohar region of Punjab are a worried lot as the government agencies are yet to begin procurement of their cotton produce.

Following the ban imposed by Iran on exporting basmati rice over its quality,Rice exporters in Punjab clearing the doubts said that the 1121 basmati rice variety produced in the state was safe for consumption,having no contents of lead,cadmium or arsenic.

The benchmark index of the Bombay Stock Exchange climbed above 17,000 points on Wednesday for the first time since May 2008.

India's top construction and engineering firm Larsen and Toubro said on Tuesday it planned to invest Dollar500 million to build nuclear reactors, hoping to tap Indian orders for power projects.