Business News

Come and invest in our roads

Highlighting India’s plans to achieve a “quantum jump” in building roads and highways that would open a vast rural market, Minister of Road Transport and Highways Kamal Nath has invited foreign companies to participate in this mega-initiative for the country’s growth.“India’s growth does not…

PM forms three working groups to tackle price rise

Prime Minister Manmohan Singh Thursday formed three working groups, including one headed by Gujarat Chief Minister Narendra Modi, to recommend measures on tackling shooting food prices.The working groups were formed at the prime minister’s core group meeting on inflation that was attended by eight…

Left organises nationwide protests against rising prices

Tens of thousands of Left activists staged noisy but peaceful protests across India Thursday, with thousands courting arrest, to denounce rising food prices and attacks on their cadres in West Bengal, party sources said.The Communist Party of India-Marxist (CPI-M) said an estimated 25 lakh…

Bharti-Walmart ‘push’ changes face of Punjab village

Haider Nagar in Sangrur district was an economically backward, little known village until the other day. Today it takes pride in higher crop yield, better sanitation and energy-efficient solutions. A community programme, launched by Bharti-Walmart India, the wholesale retail venture between Bharti Enterprises and Wal-Mart…

India’s Sensex falls after previous day’s gains

After scaling the 18,000-point mark to reach its highest level in 25 months, a key Indian equity market index opened lower Thursday, as investors resorted to profit taking.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) that closed Wednesday at 17,970.02 points opened…

Spain sets $789 mn budget for electric vehicles

Spain has presented a 590-million euro ($789 million) budget to promote electric vehicles in the country and is set to register more than 70,000 all-electric and hybrid cars by 2012.The aim is a total registration of 250,000 units by 2014, Prime Minister Jose Luis…

Swiss solar plane makes first flight

A solar-powered airplane took off on its first major test flight Wednesday morning, from an airfield in western Switzerland.The flight of the plane, named Solar Impulse, comes ahead of plans to use a similar solar-powered plane to fly around the world in 2012.“We…

Airtel DTH launches digital TV recorder

Airtel digital TV, the direct-to-home service provider from India’s top telecom company Bharti Airtel, Wednesday launched a recorder which allows customers to record TV shows from anywhere in the world using mobile phones.The digital TV recorder, which is an enhanced set-top box capable of…

US stocks fall on lower consumer debt

Major US stock indices declined Wednesday after government data showed consumers were reluctant to take on more debt, and Federal Reserve Chairman Ben Bernanke hedged his bets on economic recovery.“The economy seems to have stabilized and is beginning to grow again,” Bernanke said in…

Wills Lifestyle logs on to Facebook for brand building

Facebook, Flicker and Twitter. Hoping to attract the young and tech savvy, Wills Lifestyle, the brand behind the trendy clothes and the fashion week as well, is using social networking sites to boost its sales.It has more than 16,000 fans on Facebook as well…

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