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ECONOMY
China’s DEC to partner in Telangana’s power plans
Hyderabad, Aug 12 :
Dongfang Electric Corporation (DEC) of China Tuesday said it was keen to participate in Telangana's efforts to add power generation capacity, and offered to set up a 660-1,000 MW plant in the state.
A delegation…
Equador minister says $28 bn portfolio awaits Indian business
New Delhi, Aug 12 :
Visiting Equadorian minister Leonardo Arizaga Tuesday sought to lure Indian business to his South American nation, saying his nation of 16 million was one of the fastest-growing in the region and would love to have…
Labour unrest leads to shutdown in Gurgaon factories
Gurgaon, Aug 12 :
Workers affiliated to labour union Hind Mazdoor Sabha Tuesday suspended work in over a dozen factories here, a union leader said.
Several companies, including Baxter, Hero MotoCorp, Endurance, Degania Medical, Lumax,…
Bhushan Steel posts Rs.142-crore loss in Q1
New Delhi, Aug 12 :
Auto-grade steel manufacturer Bhushan Steel Tuesday reported a net loss of Rs.142 crore for first quarter (April-June) of this fiscal (2014-15) as against a net profit of Rs.76 crore in the same period a year ago.…
Sensex zooms 361 points; auto stocks surge
Mumbai, Aug 12 :
A benchmark index of Indian equities markets Tuesday closed 361.53 points or 1.42 percent up as auto stocks surged.
This was the biggest daily gain since June 6. Almost all the sectors ended in the green, except…
Honeywell to set up Rs.1,400 crore campus in Bangalore
Bangalore, Aug 12 :
US multinational Honeywell will soon invest Rs.1,400 crore ($228 million) to set up a new campus in this tech hub, S.R. Patil, Karnataka IT, biotech, science & technology minister, said Tuesday.
"Honeywell's…
July retail inflation rises to 7.9 percent: June IIP grows by 3.4 percent
New Delhi, Aug 12 :
India's retail inflation rose to 7.9 percent in July due to higher food prices, while industrial output in June grew at 3.4 percent, government data showed Tuesday.
The cumulative growth in factory output, measured…
Southwest monsoon likely to be deficit: Minister
New Delhi, Aug 12 :
The southwest monsoon this year will be deficit, with 87 percent of average rainfall, but there is no threat of drought as the rains will pick up in August and September, Earth Sciences Minister Jitendra Singh said…
‘India should aim to reach TPP free trade standards’
New Delhi, Aug 12 :
India should take the trade facilitation standards being negotiated in the free trade arrangement of the Trans-Pacific Partnership (TPP) as an objective to be attained, a top commerce ministry official said here…
Modi promises Rs.8,000 crore for Jammu and Kashmir roads
Leh, Aug 12 :
Prime Minister Narendra Modi Tuesday promised Rs.8,000 crores for road connectivity in Jammu and Kashmir and vowed to end corruption.
Dressed in traditional Ladakhi gown and headgear, Modi addressed a well attended…