Business News

Kingfisher maiden flight to London 'sold out'

India's leading private carrier Kingfisher Airlines is making its international debut Wednesday by flying non-stop from this IT hub to London with a full load of passengers, its CEO Vijay Mallya said here Tuesday evening.5:31 PM on September 04

Tatas to set up fisheries institute near Chennai

The Tata Group Tuesday tied up with the Tamil Nadu government to set up a fisheries institute near Chennai.5:31 PM on September 04

Pilot project next week on refunds during maiden issues

Market regulator Securities and Exchange Board of India (SEBI) will start a pilot project next week to ensure easier money transaction and refund for investors who have not been allocated shares during initial public offers, its chairman C.B. Bhave said here Tuesday.5:31 PM on September 04

'Foreign investors will soon start trading in currency futures'

Foreign institutional investors (FIIs) will soon be permitted to trade in currency futures, Securities and Exchange Board of India (SEBI) whole-time member T.C. Nair said here Tuesday.5:30 PM on September 04

Tata signals Singur exit

Auto major Tata Motors Tuesday said it was ready to pull out from Singur in West Bengal, where its plant to produce the world's cheapest car Nano has remained closed since Friday following protests by farmers and opposition parties.5:30 PM on September 04

Global investors to invest Rs.4.11 bn in Moser Baer unit

Technology leader Moser Baer India Thursday said its wholly-owned photovoltaic subsidiary has entered into a definitive agreement with a consortium of global investors to raise Rs.4.11 billion for its expansion.5:02 PM on September 04

Singur will not deter foreign investors, says Rahul Bajaj

The suspension of work at the Tata Motors' Nano plant in Singur was unfortunate, but it would not deter foreign investors to India on a long-term basis, Bajaj Auto chairman Rahul Bajaj said here Thursday.5:02 PM on September 04

Kerala finance firm attracts Rs.707 mn foreign investment

Kerala-based non-banking financial company (NBFC) Manappuram Group will receive fresh capital infusion of Rs.707.52 million from four overseas private equity firms, a top official said here.5:01 PM on September 04

Villagers stage protest against Posco plant in Orissa

Thousands of villagers Tuesday assembled here to protest against the $12 billion steel plant of South Korean steel major Posco, proposed to come up near Paradeep port in Jagatsinghpur district.4:33 PM on September 04

Sourav Ganguly bats for Nano, sees state's future in it

Former Indian cricket skipper Sourav Ganguly, a local hero, Tuesday batted for the Tata Nano factory at West Bengal's Singur, saying the project would revolutionise industrial prospects in the state.4:33 PM on September 04

More alternate energy vehicles in future: General Motors chief

Current environmental and price concerns will lead to more alternate energy vehicles coming into the market, General Motors (GM) chief operating officer Fritz Henderson said here Thursday.4:32 PM on September 04

Himachal dam project to provide water to Delhi next year

There is promise of water for Delhi from a thermal power project being commissioned in Himachal Pradesh next year.4:32 PM on September 04

Tata move unfortunate for West Bengal: business community

Industrialists and leading business bodies in West Bengal Tuesday termed as unfortunate Tata Motors' decision to look at site options to manufacture the world's cheapest car Nano, indicating a pull-out from Singur.4:03 PM on September 04

Kingfisher plans flight to San Francisco from Nov 1

India's leading private carrier Kingfisher Airlines plans to launch from Nov 1 its direct flight from Bangalore to San Francisco, connecting this IT hub with the Silicon Valley, its chief executive Vijay Mallya said here Tuesday evening.4:01 PM on September 04

Tata looks at exit route out of Singur

With its Nano car project in West Bengal remaining closed for the fourth consecutive working day Tuesday due to protests, Tata Motors said it was considering other options - a move termed unfortunate by the state government and business bodies.4:00 PM on September 04