India News

There are clear signs of an upturn in the Indian economy, which is expected to expand by 6.5 percent in the year to March 2010, Prime Minister Manmohan Singh said on Sunday.

New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday said India will open its doors further to foreign investment and invited entrepreneurs from across the globe to participate in a host of areas, including infrastructure sectors.

New Delhi, Nov 8 (IANS) A major skill gap exists among Indian engineering graduates, making a strong case for the engineering colleges and institutions to focus more on employability and quality, says a survey.

The global car market has bottomed and is on track for 60 million units sales this year and next, Carlos Ghosn, who heads Japan's Nissan Motor Co and France's Renault SA, said on Sunday.

New Delhi, Nov 8 (IANS) The average non-performing assets (NPAs) of Indian banks during the second quarter this fiscal went up by 26 percent, says an industry lobby report.

Wholesale prices shoot up by Rs 100 per 20 kg, retail prices up by 100 per cent There has been a steep rise in onion prices in the state.

Chandigarh, Nov 7 (IANS) Faced with power shortage in the state, Chief Minister Parkash Singh Badal Saturday urged the central government to allot at least 250 MW of additional power to Punjab during the Rabi (winter) season, officials said.

New Delhi, Nov 7 (IANS) The government Saturday launched a micro insurance drive in Tamil Nadu aimed at expanding the Rural Postal Life Insurance (PLI) network.

Bangalore, Nov 7 (IANS) Food prices will decline after the rabi crop as production of wheat, rice, pulses, oil seeds and sugarcane during the winter is expected to be higher than in the drought-hit kharif season, union Agriculture Minister Sharad Pawar said Saturday.

New Delhi, Nov 7 (IANS) Delhi Metro's Noida link may be opened to the public Nov 13, if necessary safety checks are complete, a Delhi Metro Rail Corporation (DMRC) official said Saturday.

Chennai, Nov 7 (IANS) Incessant rain in Tamil Nadu over the past few days has not only thrown life out of gear in the state but also sent vegetable prices soaring. Thirteen people have died due to wall and roof collapse or electrocution so far.

New Delhi, Nov 7 (IANS) Discussing a report by software industry group Nasscom which says that 75 percent engineering students in India are unemployable, education experts here Saturday said that the Indian higher education system must give skill building and practical training equal importance as academics to give them an edge.

From the heartland of the Green Revolution comes a new evolution. The granary state of Punjab known for its prosperous wheat farmers is set to transform into a banana state, after the unqualified success of a small experiment with the fruit.

For a country that ranks 11 in terms of its $45,000 per capita income (more than 15 times India?s) the credit crisis-hit Ireland is, like its November weather, a gloomy-grey picture of government mismanagement and banker-developer greed. The victims: average people ? laid-off workers, scrambling small businessmen, conservative shoppers.

With the novel idea of 'Always There, Because We Care', Hyundai Motor India Ltd, the country's largest passenger car exporter and the second largest car manufacturer, is back with its nationwide service initiative - 'Always Around' campaign in a mega avatar for the third consecutive year.

Domestic airfares have gone up marginally with leading private airlines Kingfisher Airlines, Jet Airways and JetLite increasing fuel surcharge with immediate effect, to offset the steep hike in jet fuel prices.

Aiming for a higher alignment of Indian markets with global markets to reduce the impact of global events on Indian stocks, brokers are looking at a lower number of trading holidays, with a favourable response from stock exchange managements.

Prime Minister Manmohan Singh would inaugurate the three-day India Economic Summit on Sunday, organised by the World Economic Forum (WEF) and the Confederation of Indian Industry (CII).

Improved retail investor participation, coupled with high volatility in the market, has led to a 115 per cent jump in equity market volumes in the February to September period. This has also resulted in improved revenue for brokerages, say market players.