India News

Japan's Suzuki Motor Corp said on Tuesday it would build a factory in Thailand with the capacity to manufacture 100,000 small cars a year after receiving government approval for the project.

Infrastructure solutions firm Pratibha Industries said on Tuesday it won an order worth 303.7 million rupees from the water supply board of state of Karnataka.

Shares of Japan Airlines Corp fell as much as 9.5 percent to a record low on investor worries the struggling airline could face bankruptcy if it cannot secure an agreement from its pensioners for benefit cuts.

Struggling U.S. retailers are very cautious about hiring part-time help this holiday season and have even set up lists of workers that -- almost like day laborers -- they will only call on at the last minute.

The chief executive of Infosys Technologies' business process outsourcing arm, which employs about 16,000 staff, has quit.

Fearing loss of traffic and business to minor ports run by state governments, the Centre has come out with a detailed report suggesting efficiency parameters and policy changes for improving efficiency of the country's 12 major ports.

The government has embarked on a major overhaul of its foreign investment policy matrix to remove inconsistencies that lead to regulatory arbitrage.

World's biggest steel producer ArcelorMittal today announced setting up of another integrated plant in iron-ore-rich Karnataka, thereby taking its total investment in the country to more than Rs 1,00,000 crore.

The government's policy of allowing one foreign professional for every 100 Indian labourers has raised the eyebrows of several nations with investments in Indian business.

Dalal Street seems to have given its thumbs up to the mega acquisition plan by Reliance Industries. Shares of Reliance Industries on Monday gained 3.31 per cent to close at a one-month high of Rs 2,195.50 on the Bombay Stock Exchange after RIL said it has made an offer to acquire bankrupt LyondellBasell. RIL jumped 4 per cent to an intra-day high of Rs 2,205.

One more power sector initial public offering (IPO) is on the anvil. The Jindal group's JSW Energy will open bids for its initial public offer on December 7 to raise a total of Rs 2,700 crore to fund the expansion plans.

Edelweiss insurance JV with Tokio Marine MUMBAI: Financial services firm Edelweiss Capital on Monday inked a joint venture agreement with Japanese insurer Tokio Marine Holdings (TMH) to enter into the Indian life insurance space.

The Reserve Bank of India (RBI) has alerted banks to keep a watch on transactions of customers of five countries — including Pakistan and Iran — as concerns have been raised about rules there in combating terror funding.

Taking note of incidents of drunken flying, aviation safety regulator Directorate General of Civil Aviation (DGCA) has decided to crack the whip on errant pilots, and is likely to subject them to a mandatory alcohol test prior to every flight, said senior officials.

Oil prices would threaten a rebound in the global economy if they rise beyond current levels, the chief economist of the International Energy Agency said on Monday.

Oil prices rose on Monday as strong U.S. housing data pressured the dollar and lifted expectations an economic rebound will bolster fuel demand.

State-run Indian Oil Corp (IOC) has bought 4 million barrels of Angolan crude for January loading and issued its third tender for sweet grades to be lifted in the month, trade sources said on Monday.

The government issued solar power targets on Monday, with plans to boost ouptut from near zero to 20 gigawatts (GW) by 2022, but tied chances of the plan's success to availability of international finance and technology.

Following are selected comments from speakers at the 2009 Reuters India Investment Summit that runs from Monday to Wednesday.

Pantaloon Retail (India) Ltd said on Monday is committee of directors has approved issue of 15.8 million shares to raise 4.99 billion rupees via qualified institutional placement at a price of 316 rupees per equity share.