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Business News

India Inc welcomes central bank's monetary policy


New Delhi, July 28 (IANS) Welcoming the monetary policy announced by the apex bank Tuesday, India Inc expressed hope that the country's economic growth will exceed the bank's expe...More

Grasim first quarter net jumps 61 percent


Mumbai, July 28 (IANS) Grasim, an Aditya Birla Group company with interest in cement, chemicals and textiles, Tuesday reported a net profit of Rs.1,080 crore for the first quarter...More

Sensex gives up gains, ends 40 points in red


Mumbai, July 28 (IANS) A key index of the Indian equities markets gave up its gains Tuesday to end trade 40.09 points lower than its previous close. It h...More


Infopark Kochi doubles IT exports


Kochi, July 28 (IANS) Infopark Kochi, an IT park promoted by the Kerala government, Tuesday said its exports almost doubled last fiscal to touch Rs.600 crore ($124.5 million). ...More

Gammon India may get blacklisted for two years


New Delhi, July 28 (IANS) Construction major Gammon India may get blacklisted for a period of two years for the Delhi Metro mishap that killed six people July 12, Urban Developmen...More

Hindustan Unilever net profit dips 2.68 percent


Mumbai, July 28 (IANS) Net profits of fast moving consumer goods (FMCG) giant Hindustan Unilever dipped 2.68 percent to Rs.5,431.9 crore in the first quarter this fiscal from Rs.5...More


India's central bank holds key rates amid caution on inflation


Mumbai, July 28 (IANS) As parliament was witnessing some angry protests over rising food prices Tuesday, India's central bank cautioned that inflation rate can soon balloon to 5 p...More

Sensex crawls into green in post-noon trade


Mumbai, July 28 (IANS) A key index of the Indian equities markets crept back into the green and was ruling 57 points higher than its previous close, about 90 minutes before the cl...More

India, Afghanistan set up partnership council, to combat terror


New Delhi, July 28 (IANS) India and Afghanistan Tuesday underlined terrorism as 'the most important security threat facing the region' and resolved to intensify cooperation in com...More

Delhi Metro cracks down on design consultants, officials


New Delhi, July 28 (IANS) With the Delhi Metro probe panel finding serious fault with the design and material that led to a major accident at a construction site July 12, the Delh...More

Pact with US to boost India's space launch industry


Chennai, July 28 (IANS) A technology safeguards agreement (TSA) signed with the US last week will open up fresh opportunities for India in the field of space launches, say officia...More

From jeans to T-shirts, silk gets a new spin


Bhubaneswar, July 28 (IANS) Donning denim could soon mean slipping on silk. The Central Silk Board is trying to give a whole new meaning to the material which is predominantly ass...More

Highlights of India's monetary policy update


Mumbai, July 28 (IANS) Following are the highlights of the first quarterly update of India's monetary policy for this fiscal, unveiled by Reserve Bank of India Governor D. Subbara...More

Lok Sabha adjourned after protests over price rise


New Delhi, July 28 (IANS) The Lok Sabha was adjourned for half-an-hour Tuesday as opposition MPs demanded a discussion on the rise in prices of essential commodities. They had ear...More

India's central bank keeps key policy rates unchanged


Mumbai, July 28 (IANS) The Reserve Bank of India (RBI) Tuesday unveiled the first update of its monetary policy for this fiscal here Tuesday with no major changes in key rates, in...More

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