Business News
Browse all articles and features filed under the News desk.
Sun sets on India's beloved scooter
There was the years-long waiting list to buy it and the jealous stares once you finally got it home. There was the pride of that first ride when, weaving through the streets, you knew that you'd finally — finally! — made it to the middle class. Outwardly it was just a scooter, a
Get set for petrol price hike, cooking gas cylinder quota
New Delhi, Feb. 2 -- Now, brace for a fuel price increase - mainly in petrol - and a ceiling on the number of cheap cooking gas cylinders per family. That's just what the doctor has ordered for a revenue-scarce government which has been silently footing your bill while global oil
Malaysia’s Air Asia to expand flights to five Indian cities
Kuala Lumpur, Jan.27 (ANI): Budget carrier Air Asia is expanding its “coverage” of India with flights to five more cities, including the capital, New Delhi, from April. According to The Star, the other new routes are to Chennai, Bangalore, Hyderabad and Mumbai. All flights will t
Tata Motors eye launching Nano car in U.S
New Delhi, Jan 6 (ANI): Tata Motors may consider launching its ultra-cheap Nano car in the United States in three years, Group chairman Ratan Tata has said, following possible sales in Europe by the end of 2011. "We also recognise there is a market (for the Nano) not only in deve
Mercedes to launch AMG Desert Gold in India
New Delhi, Jan 6 (ANI): Mercedes-Benz India showcased two new cars--SLS AMG Desert Gold and the hatchback coupe Concept Fascination-- at the ongoing auto expo here on Tuesday. Wilfried Aulbur, Mercedes-Benz India Managing Director and Chief Executive, said the AMG Desert Gold, pr
Ashok Leyland unveils its new range of trucks
New Delhi, Jan 3 (ANI): Commercial automobile manufacturer Ashok Leyland has launched its new truck platform named U-Truck in the versions of a tipper and a tractor. On the launch, it was revealed that the futuristic platform called U-Truck will have 25 fully built tractors tippe
BSE and NSE to function at new timings from January 4
Mumbai, Jan 4 (ANI): The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) new timings for trade from Monday will be 9 a.m. instead of 9:55 a.m. The bourses will close the trade at the usual time of 3:30 p.m. The decision to implement the new trade timings was tak
Honda''s compact cars to cost less than Rs 5 lakhs
New Delhi, Jan 5 (ANI): Japan'' Honda Motor Co declared on Tuesday that it would begin the sale of its new compact car in India by 2011 at a price less than Rs 5,00,000. Honda Motor Co''s five-seater family car based on the ''Honda New Small Concept'' will be unveiled at the Delh
Power trading in India still at nascent stage: Study
Mumbai, Dec 14 (ANI): A recent study of the power sector has opined that the power trading in India is still at nascent stage. According to a study conducted by Ambit research, the power traded, in volume terms, is just 8.1 percent of total power generation in the country (4.9 pe
Advertisements ''increasingly aimed at kids’
London, December 15 (ANI): Kids are increasingly pestering their parents to buy them posh brands and latest technology, thanks to the rise of “aggressive” advertising aimed at them, says a study. Prof David Buckingham, from the Institute of Education, part of the University of Lo
Bank-strike disturbs services all over the country
New Delhi, Dec 16 (ANI): Dissenting the proposed merger of the State Bank of Indore with its parent State Bank of India (SBI), the bank employess have gone on a one-day nation wide strike today disrupting the normal banking operations. AIBEA General Secretary C H Venkatachalam sa
Fiat Group and Carnation Auto form a strategic alliance
New Delhi, Dec 17 (ANI): Magneti Marelli, a Fiat Group company, headquartered in Italy with a turnover of $ 6.5 Billion and a leader in automotive systems, components and services, today announced a path-breaking partnership with Carnation Auto, India''s first independent multi-b
Murthy to resign as Infosys chief in 2011
New Delhi, Dec 22 (ANI): India''s second largest IT firm Infosys is all set for a change in its leadership with Infosys chief NR Narayana Murthy most likely to retire in 2011. In an interview to a news channel, Murthy shared his opinion on who will take over as the next chief aft
Hewlett-Packard admits its ''computers are facing a racist'' problem
Melbourne, Dec. 23 (ANI): Software giant Hewlett-Packard (HP) has admitted that its new face-tracking webcam has "issues" with black users. The issue attracted worldwide attention this month, when a US man known as "Black Desi" posted a YouTube video that showed his HP webcam - b
Finance Minister Pranab Mukherjee revises GDP forecast to 7.75 percent
New Delhi, Dec 23 (ANI): Finance Minister Pranab Mukherjee on Wednesday said that despite price rise and fiscal consolidations remained the areas of worry, the economy could grow by 7.75 percent during the current fiscal year. Addressing the 104th annual session of the industry c
Yellow tabloid headlines attract readers the most (re-issue)
Toronto, Dec 27 (ANI): The yellow headlines of tabloids attract more customers into buying them unlike headlines in other colours, according to experts and graphic designers. "It''s an excellent attention-getting colour," the Globe and Mail quoted Paul Lester, a professor of comm
Economic growth of 8.5 percent during UPA Government: Manmohan Singh
Bhubaneswar, Dec 27 (ANI): Prime Minister Manmohan Singh today said the Indian economy has witnessed a growth of 8.5 percent during the regime of the current UPA Government. The Prime Minister was speaking at the inaugural function of the 92nd session of the Indian Economic Assoc
Posco gets clearance to build Orissa steel plant
Bhubaneswar: South Korean steel major Posco has got final clearance from the Ministry of Environment and Forests for acquiring forest land in Orissa for its $12 billion steel plant project, a company official said on Friday. "We have received final forest clearance from the minis
India's food inflation rises to 19.83 pc
New Delhi: India's annual food inflation based on wholesale prices rose to 19.83 per cent for the week ended on October 19 from 18.65 per cent the week before as prices of essential commodities continued to rule high. As per official data on the wholesale price index released on
Auto Expo in limelight as small cars get big
Auto Expo in limelight as small cars get big Reuters TimePublished on Mon, Dec 28, 2009 at 14:28 in Business section TagsTags: Auto Show, Small Cars , Mumbai Read Comment | Post Comment NEW CAR: Ford's Figo car stands on display during its launch ceremony in New Delhi September 2