Business News

ING Vysya Bank expects 35 percent growth in deposits

ING Vysya Bank Ltd expects a growth rate of 25 percent in advances and 35 percent in deposits in the current fiscal, a top company official said here Friday.4:30 PM on September 05

Reliance spending Rs.10 mn to help develop Gujarat village

As part of a Rs.10 million corporate social responsibility (CSR) project, India's largest private company, Mukesh Ambani-led Reliance Industries Ltd (RIL), has built a market and created a garden for commercial plants in a Gujarat village.3:00 PM on September 05

West Bengal government, governor contradict each other over Singur talks

Even as West Bengal Governor Gopalkrishna Gandhi Friday said talks between the state government and the opposition Trinamool Congress-led farmers body to resolve the standoff over the Tata Motors' Singur plant were deferred on the request of the administration, the chief minister claimed it was the governor who wanted the meeting postponed.2:30 PM on September 05

Nano talks deferred after a few minutes

The talks between the West Bengal government and the opposition Trinamool Congress, to be presided over by Governor Gopalkrishna Gandhi, for resolving the standoff over Tata Motors' factory in Singur, was deferred till 4 p.m. Friday after just a few minutes in the morning.1:02 PM on September 05

Equity markets start with huge losses

Indian equity markets opened significantly lower Friday following weak global cues and went further in the red during early trade. Oil and gas, PSU, realty, power and metal stocks were under selling pressure.1:02 PM on September 05

Nano impasse kindles new hope for used cars market

The cloud of uncertainty over the Tata Nano roll-out from West Bengal is raising new hope far away in Uttar Pradesh for the used small car market.12:02 PM on September 05

This Delhi flea market is for high-end buyers!

It's fashioned after a flea market but isn't quite one. With a mall for its backdrop, Flea @ Nite offers designer clothes, silver and semi-precious jewellery, vintage coins and even classy home linen at what high-end buyers might consider 'throwaway prices'.12:01 PM on September 05

Talks begin over Tata's Singur plant

With Governor Gopalkrishna Gandhi playing the peacemaker, the West Bengal government and the opposition Trinamool Congress began formal talks Friday to resolve the standoff over Tata Motors' factory in Singur that is scheduled to build the world's cheapest car Nano.12:00 PM on September 05

Careers in aviation grow even as sector witnesses slowdown

The Indian aviation sector may have hit an air pocket because of an industry slowdown and rising airfares, but a leading travel and tourism training institute says this is temporary - the sector will boom, and jobs abound.11:30 AM on September 05

Lack of adequate package crux of Singur problem: G.K. Pillai

Lack of adequate compensation package for farmers is the main cause of the ongoing Singur turmoil in West Bengal, Union Commerce Secretary G.K. Pillai said here late Wednesday.4:04 AM on September 05

'Singur turmoil could have been avoided by more compensation'

The West Bengal government could have averted the Singur crisis, caused by opposition to the Tata Motors' Nano plant by farmers and the Trinamool Congress, by offering more attractive compensation packages in lieu of farmland acquired for the factory, union commerce secretary G.K. Pillai said here.4:01 AM on September 05

Car makers to adopt 100 industrial training schools

Indian car makers will adopt 100 industrial training institutes (ITI) across the country in the next two years to generate skilled manpower, Society of Indian Automobile Manufacturers (SIAM) president Ravi Kant said here Thursday.4:01 AM on September 05

Ranbaxy-Daiichi deal a windfall for little-known firm

A little known firm, Oscar Investments, will make a windfall of Rs.13.04 billion ($325 million) once Japan's Daiichi Sankyo picks up the promoter's stake in Ranbaxy Laboratories, India's largest drug company.4:00 AM on September 05

Equity markets start in the red

Indian equity markets, which opened lower Thursday following weak global cues, were in the red in early trade. Realty, power and metal stocks were under selling pressure.4:00 AM on September 05

Preliminary talks held to resolve Singur impasse

Preliminary talks were held Thursday between West Bengal Governor Gopalkrishna Gandhi and the representatives of the state's ruling Left Front government ahead of Friday's formal discussions on the Tata Motors' Nano project at the Raj Bhavan here.3:01 AM on September 05