Business News

Tata Motors to shut down Jamshedpur unit for five days

Tata motors will shut down its Jamshedpur unit for five days for the second time this month from Nov 25, spokesperson for the company said Sunday. This shutdown is attributed to slump in sales orders.2:30 PM on November 23

3,000 priests seek divine intervention to end financial crisis

This small village in Gujarat's Mehsana district is witnessing a religious ritual in which 3,000 priests have begun chanting hymns to invoke divine intervention to tackle the global financial crisis.2:01 PM on November 23

Hooda invited to attend Clinton Global Initiative meet

Haryana Chief Minister Bhupinder Singh Hooda has been invited to attend the Clinton Global Initiative (CGI) meet, which has been 'designed to foster philanthropic culture in the dynamic and growing region of Asia', an official said Sunday.2:00 PM on November 23

Anil Ambani group's Rosa power project ahead of schedule

The Reliance Anil Dhirubhai Ambani Group (R-ADAG) hopes to commission the first phase of its 1,200-MW, Rs.50-billion (over $1 billion) power plant here some six months ahead of schedule, with commercial generation set to start from September next year, a senior official has said.12:00 PM on November 23

Anand Automotive to invest Rs.6 bn, set up 13 plants

Despite the slowdown in the automobile sector, automotive components and systems manufacturer Anand Automotive Systems plans to invest Rs.6 billion (Rs.600 crore) to set up 13 plants across India by 2010. It is confident that its order book will help it tide over the current crisis.11:30 AM on November 23

Penguin to sell travel guides at historical monuments

Indian tourist spots will now get quality guides and souvenirs through a Penguin India initiative.10:30 AM on November 23

Now a Nair tea stall at a five star hotel

Roadside tea stalls owned by Nairs from Kerala are ubiquitous in Tamil Nadu. There was once a cartoon in a Tamil magazine depicting a Nair offering tea to Neil Armstrong when he landed on the moon. Now they have made their way into the rarefied precincts of a five-star hotel here.10:30 AM on November 23

Tomorrow's world will belong to young India: Karan Billimoria

Britain-based liquor baron Lord Karan Billimoria, one of leading voices of the Indian diaspora in the British business fraternity, says young Indians do not realise how lucky they are because tomorrow's world will belong to them.10:00 PM on November 22

Bhattacharjee optimistic on West Bengal's industrialisation

Global auto major Tata Motors' exit from Singur has not lowered West Bengal Chief Minister Buddhadeb Bhattacharjee's spirits and he remains bullish on the state's industrial prospects.8:32 PM on November 22

No regulation of air fares: Patel

Civil Aviation Minister Praful Patel Saturday said the government was not considering any regulatory mechanism for fixing air fares, which would remain 'totally deregulated'.8:31 PM on November 22

Ensure rural job scheme's success: Chief Justice to judiciary

Chief Justice of India K.G. Balakrishnan Saturday called upon the judiciary to ensure the successful implementation of the National Rural Employment Guarantee Scheme (NREGS) for empowering the rural people and bridging the rich-poor gap.8:31 PM on November 22

Buddha raps UPA for faith in capitalism

Slamming the Congress-led United Progressive Alliance (UPA) government for its 'faith' in capitalism, West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday said the central government should learn from the ongoing economic turmoil in the US.7:30 PM on November 22

Infrastructure holds key to overall growth: experts

Infrastructure development is an essential pre-requisite for the overall development of the country, and the government should encourage the public-private partnership (PPP) model to meet the challenges in this sector, experts said Saturday.7:01 PM on November 22

Minister wants airfares cut, airlines unwilling

Civil Aviation Minister Praful Patel Saturday asked domestic airlines to cut fares as fuel prices had come down successively, but his suggestion was not well received by carriers like Jet Airways.7:00 PM on November 22

Kerala woman legislator breaks down over issue of tea estate workers

E.S. Bijimol, a Communist Party of India legislator in Kerala, broke down publicly in front of state Revenue Minister K.P. Rajendran as she narrated the plight of around 9,000 workers in nine tea estates in Idukki district. The estates are likely to be closed down by the government.6:31 PM on November 22