India News

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 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 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.

Bangalore, Nov 19 (ANI/Business Wire India): Ecron Acunova, a full-service clinical research organization (CRO), with offices across Europe, in India and the US, has strengthened its Eastern European presence further by opening a new office in Moscow, Russia in October 2009.

New Delhi, Nov 19 (ANI/Business Wire India): Headstrong, one of the world's leading IT consulting firms in the financial services industry today announced the appointment of Sandeep Sahai, President and Chief Operating Officer, as CEO of the company effective January 1, 2010.

Singapore, Nov 19 (ANI/Business Wire India): Russell Investments today announced the appointment of Mahendran Nathan as Chief Executive of its business in ASEAN*, India, Hong Kong and Taiwan. Nathan will be based in Singapore and will play a key role within the organisation's global leadership team.

Hyderabad, Nov 19 (ANI/Business Wire India): Datacipher today announced that Datacipher Solutions Pvt. Ltd, has been certified as a Security Certified Program Authorized Training Partner (SCP-ATP) and will be the Authorized Training Partner for Security Certified Program in India.

Korean auto giant Hyundai Motor Corporation on Wednesday said that its Indian operations will return more profits than its other big Asian market--China, next year. India and China have been Hyundai's two big growth markets over the last decade, and are largely responsible for the carmaker's climb in the top five biggest automobile companies in the world.

Mexus Education, the educational venture by the Bilakhia Group, is poised to introduce the concept of dedicated edutainment retail, which includes books, toys, and films, in India.

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.

New Delhi, Nov. 18 (ANI): Union Steel Minister Virbhadra Singh visited the steel pavilion at the IITF-2009 today.

New Delhi, Nov.18 (ANI): Union Minister of Commerce and Industry Anand Sharma has stated that while Indian industry had made great strides in achieving global competitiveness and becoming one of the most attractive investment destinations for global investors, there was need for further accelerating its growth and enhancing productivity.

If you are staying in the island city get ready for a hike in the property tax you pay the civic body.

The general manager of New India Assurance Company got an earful from the Bombay High Court on Tuesday after offering to compensate a 27-year-old woman who suffered permanent disability after an accident in 1993.

The government on Tuesday said that the domestic cement industry will more than double from its present capacity of 242 million tonnes by 2020.

Mumbai, Nov. 18 -- The civic body wants to battle its cash crunch and bolster its resources by introducing new taxes. The Brihanmumbai Municipal Corporation (BMC) earns its revenue from octroi, property tax, development charges, water and sewerage charges and education cess tax. The BMC believes these taxes have reached a saturation point and cannot be stretched further.

New Delhi, Nov 17(ANI): Union Commerce and Industry Minister Anand Sharma on Tuesday said that the country would be able to attract 50 billion dollars Foreign Direct Investment (FDI) annually from 2012.