Bussines News

No substitute for US dollar: Manmohan Singh

IANS - 07:04 AM

Washington, Nov 23 (IANS) Describing the downturn in the US economy as a 'temporary setback,' Prime Minister Manmohan Singh has said there was no substitute to the US dollar for replacement as the global reserve currency.

  • Manufacturing sector showing stronger signs of recovery due to stimulus: CII IANS - 12:00 AM

    New Delhi, Nov 22 (IANS) India's manufacturing sector witnessed an increased rate of recovery in the second quarter this fiscal, primarily helped by government stimulus even as exports continued to decline, says a survey conducted by an industrial lobby.

  • Dubai Global Tea Forum to start from March 9 IANS - Sun, Nov 22

    Dubai, Nov 22 (IANS) The third Global Dubai Tea Forum would be organised here March 9-10, WAM news agency reported.

  • India seeks Obama's reaffirmation of nuclear deal: Manmohan Singh IANS - Sun, Nov 22

    Washington, Nov 22 (IANS) At his Tuesday summit with President Barack Obama, Prime Minister Manmohan Singh would seek 'a positive reaffirmation' of his administration to carry forward their landmark civil nuclear deal forged during the previous Bush administration.

  • Uttar Pradesh to continue ban on import of raw sugar IANS - Sun, Nov 22

    Lucknow, Nov 22 (IANS) Reaching out to sugarcane farmers in the state, Uttar Pradesh Chief Minister Mayawati has decided to continue the ban on import of raw sugar till the sugarcane crushing in mills in the state is over, an official said Sunday.

  • Government's stand on rice import lacks transparency: CPI-M IANS - Sun, Nov 22

    Kolkata, Nov 22 (IANS) The Communist Party of India-Marxist (CPI-M) Sunday said the central government's decision to import rice lacked transparency.

  • KFC, Pizza Hut come to Nepal IANS - Sun, Nov 22

    Kathmandu, Nov 22 (IANS) After setting the capital abuzz for months, fast food giants Kentucky Fried Chicken (KFC) and Pizza Hut Sunday finally descended on Kathmandu with a soft launch in one of the most upmarket shopping and touristy areas of the city.

  • Indian Navy keen to buy newer generation aircraft IANS - Sun, Nov 22

    New Delhi, Nov 22 (IANS) The Indian Navy has floated a Request for Information (RFI) for a newer generation of aircraft which can operate from the two indigenous aircraft carriers it will commission over the next 10 years.

  • Rosaiah says he will abide by court order on mining IANS - Sun, Nov 22

    Hyderabad, Nov 22 (IANS) Andhra Pradesh Chief Minister K. Rosaiah Sunday rejected the opposition Telugu Desam Party's (TDP) demand for his resignation over alleged irregularities by Karnataka minister G. Janardhan Reddy's mining firm. He, however, said his government would abide by the Supreme Court verdict on the issue.

  • Discounts for disabled in Himachal government-run hotels IANS - Sun, Nov 22

    Shimla, Nov 22 (IANS) Himachal Pradesh will offer a discount of 30 percent on hotel room tariff from next month to physically challenged people who opt to stay at any of its 57 economy and high-end establishments.

  • Nokia to bid for Nortel assets IANS - Sun, Nov 22

    Toronto, Nov 22 (IANS) Dying Canadian telecom giant Nortel has put up its optical networking and carrier ethernet business for auction.

  • Buy Afghani almonds, pomegranates at trade fair IANS - Sun, Nov 22

    New Delhi, Nov 22 (IANS) Afghani businessmen have not only brought their sought-after hand woven carpets and lapis lazuli stones to showcase at the India International Trade Fair (IITF) here, but also various types of nuts and pomegranates.

  • Three MoUs to foster innovation, research and training IANS - Sun, Nov 22

    Washington, Nov 22(IANS) India's apex industry chamber, the Federation of Indian Chambers of Commerce and Industry (FICCI)), is set to sign three MoUs for cooperation with three leading US institutions.

  • Mexico's economy contracts 6.2 percent in third quarter IANS - Sun, Nov 22

    Mexico City, Nov 22 (EFE) Mexico's gross domestic product fell by 6.2 percent in the third quarter relative to the same period of 2008, beating analysts' expectations, authorities said.

  • Diners eat out of toilet bowls at novelty restaurant chain IANS - Sun, Nov 22

    Hong Kong, Nov 22 (DPA) A restaurant chain where food is served up in mini toilets has proved a surprise hit in Hong Kong, a news report said Sunday.

  • Five criminal cases filed in Orissa over illegal mining IANS - Sat, Nov 21

    Bhubaneswar, Nov 21 (IANS) Orissa's vigilance department has filed five criminal cases against firms and people allegedly involved in illegal mining in the state, an official said Saturday.

  • Manmohan arrives in Geneva on way to US IANS - Sat, Nov 21

    Geneva, Nov 21 (IANS) Prime Minister Manmohan Singh Saturday arrived here on his way to Washington as the first state guest of US President Barack Obama.

  • UAE satellite company expands network IANS - Sat, Nov 21

    Abu Dhabi, Nov 21 (IANS) Thuraya Telecommunications, the United Arab Emirates based satellite operator has expanded its distribution chain in Europe, WAM news agency reported Saturday.

  • We were not given a hearing: Reddy's mining firm IANS - Sat, Nov 21

    Bangalore, Nov 21 (IANS) Obulapuram Mining Company (OMC), owned by rebel Karnataka Tourism Minister G. Janaradhan Reddy, Saturday said it was not given an opportunity to present its version by the Supreme Court's Central Empowered Committee (CEC), which recommended the controversial firm be asked stop illegal mining in Andhra Pradesh.

  • Metro train stalls again, commuters stuck IANS - Sat, Nov 21

    New Delhi, Nov 21 (IANS) Delhi Metro's Dwarka to Noida line went haywire Saturday morning till noon. Hundreds of passengers where stuck when power supply failed. Consequently after long delays many commuters waiting on platforms took a refund on their tickets and opted for other means of transport.


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