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Business News

Government to release Rs.2,500 crore for textile sector


New Delhi, Aug 6 (IANS) The government Thursday said it will release a subsidy of Rs.2,546 crore ($535 million) for the crisis-hit textile sector, which will directly reach the be...More

12 mn telecom subscribers added in June


New Delhi, Aug 6 (IANS) India recorded a 2.63 percent growth in the number of new telecom subscribers, adding 12.03 million new connections in June, official data released Thursda...More

SpiceJet adds 23 more connections within existing network


New Delhi, Aug 6 (IANS) Low-cost carrier SpiceJet, which currently flies to 18 cities, has added 23 more connections within its existing network, the airline said Thursday. ...More


Across India, bank employees go on two-day strike


New Delhi, Aug 6 (IANS) Nearly one million bank employees in India, including some with private and foreign banks, went on a two-day nationwide strike Thursday demanding higher wa...More

Weak crop production to slow export recovery: Moody's


New Delhi, Aug 6 (IANS) The delayed and deficient monsoon this year has not only hit India's farm output but also complicated the recovery of its merchandise exports that have see...More

Demand for resumption of land for Reliance SEZ


Chandigarh, Aug 6 (IANS) Haryana's main opposition Indian National Lok Dal Thursday demanded disallowing a third extension to the special economic zone (SEZ) proposed by Reliance ...More


Lok Sabha passes bill to extend Metro to NCR


New Delhi, Aug 6 (IANS) The Lok Sabha Thursday passed a bill to help extend the Delhi Metro rail service to the national capital region (NCR), including the satellite towns of Noi...More

Frontline stocks pull down Sensex 2.45 percent


Mumbai, Aug 6 (IANS) Heavy selling in frontline stocks in the last trading hour pulled down a key index of the Indian equities markets 2.45 percent Thursday even as its Asian peer...More

Bharat Sanchar eyes 760 cities for 3G services in first phase


New Delhi, Aug 6 (IANS) State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) plans to provide third generation (3G) mobile services in 760 cities in the first phase with an ...More

Foreign airlines doubled services to India over five years


New Delhi, Aug 6 (IANS) The number of services being operated by foreign carriers in India has almost doubled over the last five years, Civil Aviation Minister Praful Patel said h...More

Deora rules out takeover of Reliance gas distribution


New Delhi, Aug 6 (IANS) Petroleum Minister Murli Deora Thursday ruled out a government takeover of the distribution of Krishna-Godavari gas, over which the Anil Ambani group is fi...More

TCS eyeing Indian Railways outsourcing contract


Kolkata, Aug 6 (IANS) Software major Tata Consultancy Services (TCS) is eyeing a Rs.2,500-crore Indian Railways outsourcing contract, a top company official said here Thursday. ...More

Kerala, Britain to form joint business group


Thiruvananthapuram, Aug 6 (IANS) Kerala will form a joint working group with Britain to explore business opportunities in that country as well as attract foreign investments to th...More

Lok Sabha passes bill to extend Metro to Noida, Gurgaon


New Delhi, Aug 6 (IANS) The Lok Sabha Thursday passed a bill to facilitate extension of the Delhi Metro rail to the national capital region, including the satellite towns of Noida...More

Coming before Commonwealth Games: Mega carpool for Delhi


New Delhi, Aug 6 (IANS) For the Indian capital, where two million car owners use 60 percent of road space but meet only 20 percent of commuting demand, here comes a smart deconges...More

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