Business News: General

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.

Farmers in Punjab are a worried lot as Iran stops import of Indian Basmati after a government laboratory in Iran detects traces of arsenic, cadmium and lead in the rice exported to it a few days back.

India will support the Group of 20 leaders in their call for retiring subsidies on fossil fuels over "a period of time", but will refuse to commit a timeline.

A fillip has been given to the sericulture industry in Assam with the State Government setting up a composite silk unit at the Chaygaon Industrial Growth Centre.

Raw material scarcity has hit hard the workers of the walnut woodcarving industry in Kashmir, as it will affect their livelihood.

The stock market is a foggy window on the economy. Follow the pink ties and restaurant garbage piles.

Prices of fruits have increased in many parts of India because of ongoing nine-day-long Hindu festival of Navratri.

With the benefit of hindsight all of us are great investors. We precisely know that we should have begun to invest when the markets bottomed at the height of the panic last November. Our current reality though is that we are sitting on cash and hoping for a market correction, while equity markets seem to be scaling new heights.

US president Barack Obama today pledged to work with leaders of the G-20 countries to strengthen the rules governing financial markets and ensure that the global economic crisis that engulfed the world just a year ago does not happen again.

Traders and analysts said on Thursday that a surge in gold prices will result in a decline in the precious metal's demand in India even as the country enters the busy festive season.

According to government data released on Thursday after remaining in negative zone for 13 consecutive weeks,

Chasing the 17,000 level, the Sensex rose 1.35 per cent on Wednesday to its highest close in almost 16 months, as signs of a US economic recovery added to the upbeat hopes for robust quarterly earnings.

The government of Uttarakhand is taking steps to endorse ecotourism and save the environment by building small huts for the tourists to stay.

Richard C. Morais, Forbes.com
Are you approaching retirement with visions of your spouse and you traveling to the far corners of the earth? Or perhaps even retiring to a faraway beach bungalow?

Saroj Dutta, Executive Director of Jet Airways said in Mumbai on Sunday that the five-day long strike by pilots of Jet Airways has cost the company in terms of revenue losses to the tune of 1.5 to 2 million rupees.

Finance Minster Pranab Mukherjee on Friday said that the country would attain 6 percent economic growth despite sluggish monsoon and drought like situation.

Sterlite Industries sweetened its all-cash bid for US-based copper miner Asarco on Friday. The company said that it was ready to pay $2.565 billion after a bankruptcy court in Texas recommended rival Grupo Mexico's offer for the target company. Sterlite's modified offer, the third in two months, counters Groupo Mexico's bid of about $2.

Foreign institutional investors (FIIs) pumped another Rs 991 crore into Indian markets on Tuesday, taking the total investment in the last two days to Rs 2,000 crore.

Last Tuesday afternoon, a black Cadillac Escalade arrived at the Federal Reserve Bank of New York in Lower Manhattan, built in the 1920s to resemble the Renaissance-era palaces of Florence, Italy.

The National Stock Exchange (NSE) has revised the charges payable by investors on per Rs 1 lakh of trade in the cash segment by up to 0.0005 per cent, or Rs 0.50. The move is expected to benefit investors and boost trade volumes on the exchange.