Business News

India unveils new integrated policy for energy security

India Friday unveiled a new integrated policy that spells out a roadmap to ensure 5.8 percent annual growth in primary energy supplies, seen as crucial to sustain a healthy expansion of the country's economy.7:01 PM on December 26

Take slowdown as opportunity: Modi to jewellery sector

India's $50-billion gems and jewellery industry should take the advantage of the global economic slowdown to build a strong overseas market by offering products at 'cost-effective' prices, said Gujarat Chief Minister Narendra Modi here Friday.7:01 PM on December 26

Efforts to get coal blocks in US, two other countries

Efforts are going on to get coal blocks in three countries, including the US, said minister of state for coal Santosh Bagrodia here Friday.7:01 PM on December 26

Trust to implement NRI-funded social projects registered

The government has registered a non-profit trust, India Development Foundation (IDF), to enable non-resident Indians (NRIs) to fund socially relevant programmes in villages in the country.6:01 PM on December 26

Inflation rate drops, now to 6.61 percent

India's annual rate of inflation continued its downward trend, dipping to 6.61 percent for the week ended Dec 13 from 6.84 percent the week before, official data released here Friday said.6:01 PM on December 26

Fall in inflation fails to cheer up markets

Despite a further ease in inflation, Indian equities markets continued their downward trend Friday, with a key index shedding about 240 points over its previous close.6:01 PM on December 26

Over 100,000 people laid off in India's gems, jewellery sector

More than 100,000 people have been laid off in recent months by the gems and jewellery industry in India because of the global slowdown in demand and lack of adequate credit, an industry leader said in this hub for the sector in Gujarat.5:00 PM on December 26

Recession hits Indian sports goods market

The global meltdown has impacted the Indian sports goods market with export orders going down by more than 30 percent in the last two months.5:00 PM on December 26

Autonomous society for meat, poultry processing cleared

The cabinet Friday sanctioned Rs.146.4 million (Rs.14.64 crore) for setting up an autonomous society over a period of three years to upgrade the meat and poultry processing industry.4:31 PM on December 26

Markets fall sharply in afternoon trade

Indian equities markets fell sharply in afternoon trade Friday, with a key index trading 130 points lower than its previous close.4:30 PM on December 26

Satyam's independent director resigns

Mangalam Srinivasan, independent director of Satyam Computer Services, has resigned from the board, the company said Friday.4:00 PM on December 26

Cabinet approves Rs.60 bn for restoration of water bodies

The cabinet Friday approved the scheme of repair, renovation and restoration of water bodies across the country on an investment of Rs.60 billion (Rs.6,000 crore).4:00 PM on December 26

Maruti begins exporting new small car to Europe

The country's leading passenger car maker, Maruti Suzuki, Friday announced it has started exporting A-star, its newly launched small car, to Europe.2:33 PM on December 26

Inflation rate continues dip, drops to 6.61 percent

India's annual rate of inflation continued its downward trend, dipping to 6.61 percent for the week ended Dec 13 as compared to 6.84 percent the week before, official data released Friday said.2:30 PM on December 26

Indian equities rise day after Christmas

Indian equities markets rose smartly Friday, a day after the Christmas break, with a key index rising about 100 points and holding on to those levels at noon.1:33 PM on December 26