Business News: General

The tea industry in Assam not only witnessed a stupendous produce between September and October but also managed to overcome the shortfall it had posted early this year owing to bad weather.

Led by Reliance Industries, the BSE Sensex climbed 2.1 per cent on Monday, extending a winning streak to a fourth consecutive session on firmer global stocks after the Group of 20 pledged to keep stimulus in place until there was assured recovery and Prime Minister Manmohan Singh commited to pursue financial sector reforms.

Indra Nooyi,Chairman and Chief Executive of PepsiCo today said that India is among the top three markets for the company.

Around 150 jewellery units, which are functioning in Sitapura industrial in Jaipur, have incurred huge losses due to the major oil depot fire in the region recently.

India's Wipro Ltd has acquired businesses of Yardley for about Dollar45.5 million from British personal care company Lornamead to boost its consumer care unit's presence in the overseas markets, officials said on Thursday.

After revolutionizing the automobile segment by offering the world's cheapest car, India's Tata Group aims at revolutionizing the real estate sector by offering affordable Nano houses.

Godaj village in Sanand district remained peaceful on Wednesday, a day after communal clashes broke out there.

If Reliance Industries pulled the Sensex down 491 points on Tuesday, shares of the most valued company helped the benchmark index rebound 507 points on Wednesday — its biggest rise in more than three-and-a-half months — supported by the government's assurance fiscal stimulus would be maintained, a weak dollar and the world stocks' rally.

Giving a wide berth to the demand of traders to abolish entry tax on sugar, ML Kapoor, chairman, Small Traders Board, on Wednesday made it clear that it could not be done — at least for the time being.

After the Union Home Ministry announced ban on pre-paid mobile connections in Jammu and Kashmir on security grounds, the jobs of 20000 people associated with the retail business of pre-paid SIM cards hangs in balance.

Dalal Street plunged by nearly 500 points to close at a two-month low after all-round selling triggered by a steep fall in heavyweight RIL and weak global markets.

The Sale of religious items needed for Haj pilgrimage has increased in Srinagar of Jammu and Kashmir with devotees preparing for 'Haj' pilgrimage to Mecca-the sacred place of Muslims.

The Indian seafood export industry might face a serious threat as the central government is yet to finalise the formalities to issue catch certificates for exports to Europe,

Cotton Exporters in India are in for good days- Though the production of cotton has been falling for the last four to five years owing to recession, it is likely to increase manifolds in the coming year because of good quality and competitive price of Gujarat's cotton.

Ignoring the better-than-expected economic recovery in the US, Dalal Street fell 1 per cent on Friday as investors gave a thumbs down to results from some key corporates such as Reliance Industries and Bharti Airtel.

Indian automobile company, Premier re-entered the passenger car segment after a hiatus of nine years with the launch of a compact sport utility vehicle, Rio on Wednesday.

The 10-month-long Commonwealth Games baton relay is now being showcased as a business road show by the government.

Pranab Mukherjee, India's central Finance Minister while speaking to media persons at New Delhi on Tuesday opined that the country's economy is responding well.

The Reserve Bank of India (RBI) on Tuesday said it was starting to unwind some of the extraordinary policy easing and liquidity support measures taken to shore the economy up against the global credit crisis and economic slump.

The Indian Music Industry which launched its anti-piracy initiative, the Music Mobile Exchange (MMX), in West Bengal in September is frustrated at the slow pace of enforcement in the state.