India News

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.

Vodafone shelled out Rs 20 lakh for being the presenting sponsor of the Indian Premier League. Airtel had to dish out Rs 50 lakh for the same distinction on Star Plus's Kya Aap Paanchvi Pass Se Tez Hain? (KAPPSTH).

Satyam Computer Services said on Thursday it plans to appeal in the United States against a UK appeals court verdict that went against it in a case of alleged fraud, forgery and intellectual property rights violation filed by a British firm, Upaid Systems.

The Securities and Appellate Tribunal (SAT) has set aside the Securities and Exchange Board of India's order imposing a fine of Rs 1 crore on Goldman Sachs Investments and also asked the market regulator to pay up Rs 1 lakh to the investment firm as a refund of costs it incurred in the process.

During the busy month of March 2008 when a lot of insurance policies are bought – Indian consumers bought bigger policies. The average policy size compared to March 2007 was 64 per cent bigger in March this year according to a study on Indian life insurance by a global bank.

Lafarge, the world's second largest cement-maker, is in talks with Indian financial institutions, including Housing Development Finance Corporation (HDFC), to raise over Rs 620 crore to part finance its acquisition of Larsen and Toubro's ready-mix concrete business--L and T Concrete.

New Delhi, May 15 (IANS) The government has rejected National Thermal Power Corporation (NTPC) Limited's proposal to raise about Rs.60 billion through a follow-on public offer.

Chennai, May 15 (IANS) In order to meet its customer's demands in northern India, Rane NSK Steering Systems Limited Thursday announced the opening of a new steering systems plant at Bawal in Haryana.

Chennai, May 15 (IANS) City-based petroleum company Chennai Petroleum Corporation Limited (CPCL) is looking for locations on the southern coast for its proposed refinery-cum-petrochemical complex in Tamil Nadu, a company official said here Thursday.

New Delhi, May 15 (IANS) The Indian infrastructure sector comprising six core industries grew at 9.6 percent in 2008 fiscal, according to data released by the ministry of commerce and industry here Thursday.

Kolkata, May 15 (IANS) Ankit Metal and Power Ltd (AMPL) plans to invest Rs.10 billion over the next three years to increase its production capacity, a company official said here Thursday.

Yekaterinburg (Russia), May 15 (PTI) Favouring greater interaction amongst their business communities, the Russia-India-China (RIC) Trilateral forum today decided to hold special conclaves to

Mumbai, May 15 (PTI) India's growth, despite current crisis of spiraling inflation, was robust and irreversible, a top World Bank official has said .

New Delhi, May 15 (IANS) India and Singapore Thursday agreed to share expertise in the management of airports and other civil aviation projects.

Ahmedabad, May 15 (IANS) Torrent Power Ltd Thursday announced payment of Rs.663 million as dividend to its shareholders for the fiscal year 2008. This works out to nearly 12 percent, a jump from four percent dividend announced by the company last fiscal.

Mumbai, May 15 (IANS) The Tata group promoted Voltas Ltd Thursday announced a profit after tax (PAT) of Rs.2.08 billion ($52.09 million) for the fiscal year 2008, an increase of nearly 12 percent over the last fiscal.

Mumbai, May 15 (IANS) Financial services major Citi India will provide $1.5 million to Hyderabad-based Indian School of Business (ISB) to study and recommend measures to promote financial inclusion and improve capital market's access to small investors and enterprises.

Patna, May 15 (IANS) A strike call by Maoists evoked mixed response in Bihar Thursday. While normal life was hit in some rural areas, urban areas were largely unaffected.