India News

Mumbai, May 16 (IANS) Leading mining solutions provider Metso Minerals Friday said that it will supply a Rs.1.12 billion iron ore machine to Essar Steel Holdings Ltd.

New Delhi, May 16 (IANS) Public sector major Steel Authority Of India Ltd (SAIL) has ruled out any increase in the prices of its products in the next three months, its chairman said Friday.

New Delhi, May 16 (IANS) Finance Minister P. Chidambaram has expressed concern as India's wholesale inflation hit a whopping 7.83 percent for the week ended May 3 compared to 7.61 percent in the week preceding it.

Mumbai, May 16 (IANS) Tata Motors Friday launched a new dual fuel, eco-friendly model of its Indica range of vehicles.

Inflation rose to near 44-month high of 7.83 per cent for the week ended May 3, against 7.61 per cent in the previous week, mainly on account of rising prices of essential food items and some manufactured products.

As inflation continued its upward trend, the BJP on Friday charged the Government with "failure" in arresting price rise and demanded that essential food items be supplied to all sections of society through ration shops at reasonable prices.

New Delhi, May 16 (IANS) Success of the Doha Round of world trade talks depends on both developed and developing nations and cannot be achieved if the livelihood of the poor is not secured, Commerce and Industry Minister Kamal Nath said Friday.

New Delhi, May 16 (ANI): The annual inflation rose to 7.83 percent for the week ended May 3 from 7.61 percent for the previous week. The data for the week ended March 8 has been revised to 7.78 percent versus 5.92 percent (provisional).

Mumbai, May 16 (IANS) Bank of India Friday announced a consolidated net profit of Rs.19.59 billion ($489.96 million) during the fiscal year 2008 compared to Rs.11.08 billion ($277 million) for the year ended March 31, 2007.

New Delhi, May 16 (IANS) The profit after tax (PAT) of public sector giant Steel Authority of India Limited (SAIL) was Rs.23.77 billion in the last quarter of fiscal 2007-08, a rise of 24.97 percent from the corresponding quarter in the previous fiscal.

New Delhi, May 16 (PTI) Finance Minister P Chidambaram has approved 18 FDI totalling Rs 1,820.24 crore, including Manipal Educational Group's to induct foreign investment of Rs 1,435 crore in a holding company and US-based Freightcar to set up a joint venture for railcars.

Mumbai, May 16 (IANS) Engineering and construction major Larsen & Toubro (L&T) Friday said it will explore the potential of the Indian power generation market along with Atlanta headquartered GE Energy.

New Delhi, May 16 (IANS) India's wholesale inflation, the weekly measure of price trends, rose to a three-and-a-half-year high of 7.83 percent for the week ended May 3, up from 7.61 percent in the week preceding it.

Mumbai May 16 (IANS) Domestic investment banking company Edelweiss Capital Ltd Friday reported a high net profit both for the last quarter and full year 2007-08, thanks to a strong growth of fee and commission revenues in the last quarter.

India's wholesale price index rose 7.83 per cent in the 12 months to May 3, higher than previous week's annual rise of 7.61 per cent, government data showed on Friday.

New Delhi, May 16 (IANS) Inflation climbed to a new high of 7.83 percent for the week ending May 3, according to government data released Friday.

It's more bad news for the United Progressive Alliance (UPA) government on the economic front, even as it looks forward to the general election in 2009. Industrial growth has dipped to a six-year-low of three percent in March this year. Coupled with raging inflation, the economic outlook is far from satisfactory at a time when both Prime Minister Manmohan Singh and Finance Minister P.

Bangalore, May 16 (IANS) Searching the net might become quite a different experience thanks to an experiment from Yahoo! India called Glue that yields results with visual information.

The children's apparel business, after seeing small but strong homegrown brands such as Gini and Jony and Lilliput making an impact in the organised ready-to-wear segment, is now attracting the attention of big retailers. A reasonably large market dominated by the unorganised sector, the children's apparel market has now begun to see more focused interest from large organised players.

Under pressure from rising input costs and stricter norms to deliver flats to buyers as per deadline, India's real estate developers are waking up to global realities. They are now adopting unique technologies to develop quality projects within tight deadlines.