Business News

Business confidence in India has surpassed the level that prevailed before the financial crisis seized economic growth prospects, according to the latest NCAER (National Council of Applied Economic Research)-MasterCard Worldwide Index of Business Confidence.

New lease, renewals not to be granted for trading, but new PLs and MLs may be granted to captive users willing to establish units for producing value-addition products Taking a serious view of lease holders indulging in illegal mining of bauxite and exporting it in the international market, the Gujarat Government has now decided to reserve all the bauxite-bearing areas in the state for the Gujarat

The Anil Ambani group on Thursday accused the government of being a party to the "conspiracy" with Mukesh Ambani firm Reliance Industries (RIL) to "destroy" it but dropped its opposition to the petroleum ministry putting its stand before the Supreme Court.

The continued rise of food prices at a rate of 0.9 per cent from last week translated to further inflation of the economy this week, leading to a bump in the annual inflation rate from (-)1.71 to (-)1.51.

The Volkswagen Group in India has closed the month of October with a record growth of 38.2 per cent.

Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company is put at $32 billion, an increase of 54 per cent from nearly $21 billion last year, according to a Forbes report.

Over the next five years, the country needs 26.5 million additional housing units, investment requirements of over Rs 360,000 crore and re-housing of 62 million persons who live in urban slums, according to Renu Sud Karnad, Jt managing director, HDFC.

The urban development ministry's ambitious proposal to raise a $5-billion loan from the World Bank for its flagship urban infrastructure scheme, the Jawaharlal Nehru National Urban Renewal Mission, has been rebuffed by the finance ministry and the funding has been reduced to just $1 billion, government officials said.

Finance minister Pranab Mukherjee on Wednesday said India has mechanism in place to handle foreign capital flows if they cause distortions in the financial system, indicating the government's wariness about the destabilising nature of an unabated dollar influx and its readiness to counteract any threat.

Five big state-owned banks warmed up to the idea of consolidation in a meeting convened by the finance ministry today.

You can count on Nandan Nilekani's entrepreneurial spirit to build a revenue model in a project that was originally believed would only add to the government's budget.

Canada is looking at increasing its trade ties with India in the areas of nuclear technology, research and development, clean and renewable energy and tourism.

Led by Reliance Industries and bank stocks, the benchmark Sensex soared 184 points to close above the 17,000-point level, joining a smart rally in other Asian and European markets.

In recent years the Indian stock markets have taken giant steps forward. Technology has made our markets among the most efficient and transparent stock markets in the world. Here are a few developments that have made the lay investor's job of investing in the stock markets easier:

Even as the Sensex closed down 58.16 points at 16,440.56, PSU stocks continued to make waves on Dalal Street following the government's bold plans on the disinvestment front.

Blame it on the human nature to be averse to changes or real operational issues, marketmen don't seem to be quite pleased with the approval by the Securities and Exchange Board of India (Sebi) for extension of trading hours in the stock markets.

Advik Group of Companies, a manufacturer of auto components, has entered into a technical collaboration with Trochocentric GmbH of Germany for manufacturing auto components for four-wheelers.

The Lucknow special CBI court today issued summons to state Home Secretary Mahesh Gupta and three other officials to appear before it on December 9 in connection with the scam relating to the recruitment in the state's Information Department dating back to 2000.

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.

Prime Minister Manmohan Singh today said his government was "better placed than any time" before to push through reforms in the financial sector.