India News

Chennai, Nov 23 (IANS) Cost-cutting measures by private life insurer HDFC Standard Life Insurance Co. is likely to reduce its planned capital infusion by around Rs.100 crore to Rs.250 crore this fiscal, a top official said Monday.

Kolkata, Nov 23 (IANS) An Air India (AI) flight bound for Myanmar's Yangon Monday morning was delayed for several hours at Netaji Subhas Chandra Bose International (NSCBI) airport after a technical snag accidentally caused by a Buddhist monk passenger, an official said.

New Delhi, Nov 23 (IANS) India's markets watchdog has served an amended notice to Reliance Industries asking why it shouldn't be barred from accessing the stock markets under the rules on fraudulent and unfair trade practices and the gains it made of Rs.513 crore not be disgorged.

Mumbai, Nov 23 (IANS) Buoyed by gains in the scrip of one of the largest companies in the country -- Reliance Industries (RIL), a benchmark index of the Indian equities markets shut shop Monday 0.93 percent higher than its previous close.

Mumbai, Nov 23 (IANS) A benchmark index of the Indian equities markets Monday shut shop 0.93 percent higher than its previous close.

Shimla, Nov 23 (IANS) Mobile value-added services (VAS) provider Spice Digital has signed an agreement with Zoom Developers for rolling out mobile governance services in Himachal Pradesh, the company said Monday.

The government is building a "concrete road network" right through India's Naxalite corridor that criss-crosses eight states.

New Delhi, Nov 23 (IANS) The Federation of Indian Chambers of Commerce and Industry (FICCI) Monday signed three agreements for cooperation with three leading US institutions.

New Delhi, Nov 23 (IANS) International Finance Corp (IFC), a member of the World Bank group, will provide trade financing of $51 million to Kotak Mahindra Bank as part of its effort to help small and medium enterprises hit by the global meltdown.

New Delhi, Nov 23 (IANS) India's solar mission will set up, in its first phase, 1,100 MW of solar power through the electricity grid and 200 MW off the grid, with the objective of making solar power as cheap as power from coal by the end of the mission, Minister for New and Renewable Energy Farooq Abdullah said here Monday.

Kolkata, Nov 23 (IANS) Engineering firm McNally Bharat is planning to 'consolidate or separate' its global and Indian subsidiaries by next September.

Lucknow, Nov 23 (IANS) Sugarcane growers of nearly 10 villages in Uttar Pradesh's Bijnor district have decided not to send their children to school until their demand for a hike in cane prices is met by the state government.

Chennai, Nov 23 (IANS) Terming the proposed Marine Fisheries (Regulation and Management) Bill, 2009 as 'anti-fishermen', AIADMK general secretary J. Jayalalithaa Monday said her party would oppose the measure.

New Delhi, Nov 23 (IANS) The credit outlook for the Indian banking system remains negative because of poor asset qualities and rising problem loans, according to global rating agency Moody's.

For cash-strapped realty firms, there is good news around the corner. The finance ministry is planning to allow the developers of integrated township to use funds from overseas or external commercial borrowings (ECB) by one more year.

The debate over ?cloud computing? ? shorthand for the business of accessing software applications and services over the Internet or related networks ? is a lot like that. Google, which has a vested interest in making more people go on the Web, is a big supporter of cloud services, which are like piped water. Microsoft also supports the cloud, but is like Bisleri.

Time may be running out for Indian companies planning to buyback their own foreign currency-denominated bonds trading at a discount.

Market regulator SEBI?s proposal to allow mutual funds (MFs) to trade on recognised exchanges through brokers has asset management companies thinking up necessary strategy changes.

Despite television, Internet and other video-games children still want to read, claims Disney Publishing Worldwide (DPW,India).

The CBI on Saturday arrested Satyam's internal audit head VS Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm.