Auto Industries

Everything you need to know about Auto Industries: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Auto Industries: news, reviews, in-depth analysis, opinion and more

Sensex closes 0.30 percent down; healthcare, bank stocks plummet

May 20, 2013 at 5:42 PM

Mumbai, May 20 (IANS) A benchmark index of Indian equities markets closed Monday's trade down 0.30 percent as there was heavy selling in healthcare, bank, consumer durables, oil and gas and capital goods stocks.

Buy land directly to invest in Bihar, says official

May 17, 2013 at 7:58 PM

Kolkata, May 17 (IANS) Entrepreneurs wanting to invest in Bihar should acquire land directly from farmers as land acquisition by the government would cost more, a top government official said Friday.

Sensex closes flat; capital goods stocks gain

May 17, 2013 at 6:22 PM

Mumbai, May 17 (IANS) A benchmark index of the Indian equities markets Friday closed in marginally positive territory, with scrips of capital goods, bank, power, realty and public sector undertakings (PSUs) gaining.

Sonu signed 'Ramaiya Vasta Vaiya' without reading script

May 17, 2013 at 2:22 PM

Mumbai, May 17 (IANS) Sonu Sood confesses that he was so eager to work with filmmaker Ramesh Taurani that he gave his nod for "Ramaiya Vasta Vaiya" without even having read the script.

Prabhudheva happy with chance to make love story

May 16, 2013 at 5:18 PM

Mumbai, May 16 (IANS) Actor-filmmaker Prabhudheva, whose action directorials "Wanted" and "Rowdy Rathore" turned out to be box office successes, says he was happy when he was offered to helm a love story like "Ramaiya Vasta Vaiya".

Bajaj Auto's fiscal sales up one percent

May 16, 2013 at 3:26 PM

New Delhi, May 16 (IANS) Two- and three-wheeler manufacturer Bajaj Auto Thursday reported a marginal increase of one percent in net profit for 2012-13.

Goa probing Congress MLA's assets in Kerala

May 15, 2013 at 1:10 PM

Panaji, May 15 (IANS) Officials of the anti-graft wing of Goa Police are in Kerala to probe the assets of Congress legislator Chandrakant Kavlekar who allegedly bought properties worth over Rs.5 crore in that state, an official said Wednesday.

Sensex closes flat; healthcare stocks gain

May 14, 2013 at 7:18 PM

Mumbai, May 14 (IANS) A benchmark index of the Indian equities markets closed flat Tuesday, a day after it plummeted to its lowest levels since May last year.

Kerala-based Telmoco launches Android tablet phone

May 14, 2013 at 3:34 PM

Thiruvananthapuram, May 14 (IANS) Telmoco Development Labs Pvt. Ltd., Kerala's first incubated consumer electronics start-up based in Technopark here, has forayed into the retail segment with Attitude Next 6339 -- a seven-inch Android tablet phone.

Utkal alumina refinery to commence trial production

May 13, 2013 at 5:34 PM

Bhubaneswar, May 13 (IANS) The Utkal Alumina International Limited (UAIL), a unit of Hindalco Industries, plans to start trial production at its 1.5 million tonnes per annum alumina refinery in Odisha by the end of May, an official said Monday.

Jewellers expect Akshaya Tritiya to reap gold (May 13 is Akshaya Tritiya)

May 11, 2013 at 2:38 PM

New Delhi, May 11 (IANS) A month after gold slumped to its lowest in over 15 months, jewellers are expecting a rise of 15 to 30 percent in sales during the auspicious occasion of Akshaya Tritiya May 13 - given the plethora of offers to woo customers.

RIL to invest $5 bn to reverse KG-D6 gas output fall

May 9, 2013 at 7:21 PM

Mumbai, May 9 (IANS) The Reliance Industries (RIL)-led consortium operating the offshore KG-D6 gas fields plans to serially invest $5 billion to reverse falling output.

Sensex snaps gaining streak, ends lower

May 9, 2013 at 7:14 PM

Mumbai, May 9 (IANS) A benchmark index of the Indian equities markets Thursday closed 0.26 percent down, breaking a three days of consecutive gains to close below the 20,000-level mark, as traders booked profits ahead of the crucial industrial production and inflation data expected soon.

Emerging Kerala meet garners 40 projects: Minister

May 9, 2013 at 4:48 PM

Thiruvananthapuram, May 9 (IANS) Industries Minister P.K. Kunhalikutty Thursday said 40 projects have materialised out of the Emerging Kerala meet held in Kochi last September.

NRA convention bans sales of 'bleeding' female zombie dolls after outrage

May 9, 2013 at 12:25 PM

Washington, May 9 (ANI): The National Rifle Association convention has asked a vendor to remove a controversial zombie doll that bleeds fake blood when shot, at the request of the organizers.

US gas exports a 'win-win' proposition: Indian envoy

May 8, 2013 at 9:28 AM

Washington, May 8 (IANS) India's ambassador Nirupama Rao has asked the US to start exporting liquefied natural gas (LNG) to India and other energy scarce countries, calling it a 'win-win' opportunity.

Jay Shree Tea posts Rs 36.45 cr net loss in Q4

May 6, 2013 at 10:48 PM

Kolkata, May 6 (IANS) Jay Shree Tea and Industries, a B.K. Birla Group company, Monday posted a net loss of Rs.36.45 crore for the quarter ended March 31, 2013, against a net loss of Rs 34.07 crore during the same period previous year.

Pit stop troubles cost Karthikeyan Auto GP podium

May 6, 2013 at 12:57 PM

Budapest (Hungary), May 6 (IANS) Narain Karthikeyan?s round three of the AutoGP World Series at Hungaroring culminated with a fourth place finish in race two.

Himachal developing 3 new industrial estates

May 5, 2013 at 5:24 PM

Shimla, May 5 (IANS) Himachal Pradesh would soon have three new industrial estates to promote industrialisation, an official said here Sunday

Tanishq to invest Rs.1,000 crore to expand retail network

May 4, 2013 at 8:04 PM

Kolkata, May 4 (IANS) India's largest jewellery retail chain Tanishq, part of Titan Industries, Saturday said it will invest more than Rs.1,000 crore this fiscal in opening new stores across the country.

RBI cuts key rates by 25 bps

May 3, 2013 at 12:52 PM

The Reserve Bank of India (RBI), India's master Friday cuts key rates by 25 basis points (bps) making long-term loans cheaper....................

DPSC Ltd gets listed on MCX-SX

May 2, 2013 at 10:20 PM

Kolkata, May 2 (IANS) DPSC Limited, a power utility arm of Srei Infra Finance Group, Thursday got listed on the MCX Stock Exchange (MCX-SX), the country's latest exchange to start equity trading.

Alliance of Japan, France firms wins Turkey's second nuke plant bid

May 2, 2013 at 3:56 PM

Ankara, May 2 (Xinhua-ANI): An alliance of Japanese Mitsubishi Heavy Industries and France's Areva has won a bid to build Turkey' s second nuclear power plant, Turkish Daily News reported Thursday.

Karthikeyan sees Auto GP podium around the corner

May 1, 2013 at 7:00 PM

New Delhi, May 1 (IANS) Indian racing driver Narain Karthikeyan is confident of a podium finish in the third round of Auto GP World Series to be held in Hungary this weekend.

Tata tie-up with Tel Aviv University on tech innovations

April 30, 2013 at 8:04 PM

New Delhi, April 30 (IANS) Tata Industries and Ramot at Tel Aviv University (TAU), the university's technology transfer company, have entered into a strategic memorandum of understanding (MoU) to fund and generate leading-edge "commercialisation ready technologies".

Sensex rises 117 points; FMCG stocks rally

April 30, 2013 at 5:32 PM

Mumbai, April 30 (IANS) A benchmark index of the Indian equities markets rose 117 points Tuesday, led by a strong rally in FMCG stocks after Hindustan Unilever announced better than expected earnings and its parent firm Unilever said it will raise stake in the company through an open offer.

Exide Q4 net rises 3 percent

April 29, 2013 at 4:36 PM

Kolkata, April 29 (IANS) Exide Industries, the country's biggest storage battery producing company, Monday reported a meagre 2.76 percent rise in its net profit to Rs.146.46 crore for the quarter ended March 31, 2013 compared to Rs.142.52 crore for the same period a year ago.

Mexico offers good opportunities for Indian auto firms: Ambassador

April 27, 2013 at 10:52 PM

Puebla (Mexico), April 27 (IANS) Mexico, the world's eighth-largest producer of automobiles and its fourth largest exporter, provides many opportunities for investment to Indian automotive companies, said Indian Ambassador Sujan R.Chinoy here.

Technology, consulting largest recruiters at ISB

April 26, 2013 at 4:12 PM

Hyderabad, April 26 (IANS) Technology and consulting were the largest recruiters at the Indian School of Business (ISB), which Friday announced that its 741 students of class of 2013 participated in the first integrated placements at Hyderabad and Mohali campuses.

Panel to inspect Sterlite's copper smelter

April 26, 2013 at 4:04 PM

Chennai, April 26 (IANS) An expert panel set up by the National Green Tribunal to inspect the controversial copper smelter plant of Sterlite Industries (India) Ltd at Tuticorin is expected to carry out its second round of inspection Saturday, said an official.

Ernst & Young opens new facility in Kerala

April 25, 2013 at 3:32 PM

Thiruvananthapuram, April 25 (IANS) Ernst & Young Global Services (EYGS) Thursday opened its third Kerala facility at the KINFRA Film and Video Park here.

Sensex closes flat; interest sensitive stocks plummet

April 23, 2013 at 6:04 PM

Mumbai, April 23 (IANS) A benchmark index of the Indian equities markets ended flat in Tuesday's trade after capital goods, consumer durables and bank stocks plummeted.

Volkswagen announces 'fully iPhone 5 integrated' iBeetle

April 23, 2013 at 12:12 PM

Washington, Apr 23 (ANI): Volkswagen has announced its plans to launch a new car that would offer a specially designed iPhone 5 dock and app.

Cabinet clears exploration in 31 oil, gas blocks

April 22, 2013 at 11:00 PM

New Delhi, April 22 (IANS) The Cabinet Committee on Investment (CCI) Monday cleared 25 oil and gas blocks for exploration out of the 31 where work had been stopped due to security restrictions by the defence ministry.

Kejriwal targets UPA Govt. for giving 'Z' plus cover to Mukesh Ambani

April 22, 2013 at 8:44 PM

Kaushambi/ Mumbai, Apr. 22 (ANI): Aam Admi Party (AAP) leader Arvind Kejriwal on Monday lashed out at the Congress-led UPA Government for giving 'Z' plus security to Reliance Industries chairman Mukesh Ambani, and said that the Centre is not worried about the common man's safety.

BJP condemns Govt's decision to provide 'Z category' security to Mukesh Ambani

April 22, 2013 at 5:08 PM

New Delhi, April 22 (ANI): The Bharatiya Janata Party (BJP) on Monday condemned the government's move of to provide 'Z' category security to Reliance Industries Limited Chairman, Mukesh Ambani.

Videocon finds natural gas in Mozambique

April 22, 2013 at 3:48 PM

Mumbai, April 22 (IANS) Videocon Industries Monday announced a significant natural gas discovery in its offshore Rovumal block in Mozambique.

Ford India plans to make India export hub

April 19, 2013 at 6:20 PM

Hyderabad, April 19 (IANS) Auto major Ford India, which is gearing up to roll out its much-awaited compact Sports Utility Vehicle (SUV) Ford Ecosport in a couple of months, plans to make India the export hub. It is targeting 25 percent exports of its total vehicle capacity in the country.

'Aashiqui 2' jackets coming soon

April 19, 2013 at 12:52 PM

Mumbai, April 19 (IANS) With movie merchandising on a new high, now jackets of forthcoming film "Aashiqui 2" will be rolled out in the markets soon.

Meghalaya to take action against cement plants on forest land

April 18, 2013 at 10:44 PM

Shillong, April 18 (IANS) The Meghalaya government Thursday promised to take action against cement companies violating forest conservations laws.

Sensex closes in red; oil and gas, IT stocks plummet

April 17, 2013 at 5:48 PM

Mumbai, April 17 (IANS) A benchmark index of the Indian equities markets closed in red Wednesday, after a smart rally the previous day, as losses in oil and gas and information technology (IT) stocks offset gains in auto, bank and metal stocks.

RIL profit rises 32 percent in January-March quarter

April 16, 2013 at 6:52 PM

Mumbai, April 16 (IANS) Reliance Industries Limited (RIL) said Tuesday its profit increased 32 percent to Rs.5,589 crore for the quarter ended March 31 owing to strong margins in the oil refinery business.

Sensex rallies 387 points on rate cut hopes

April 16, 2013 at 4:52 PM

Mumbai, April 16 (IANS) Benchmark indices of Indian stock markets surged more than two percent Tuesday, due to strong buying support in banking, auto and realty stocks on expectations of cut in interest rates as inflation eased to a three-year low.

RIL, BP seek government road map on gas pricing

April 15, 2013 at 6:12 PM

New Delhi, April 15 (IANS) British oil major BP plc and Reliance Industries Ltd (RIL) Monday sought a clear roadmap from the government on natural gas pricing.

Hamid Ansari arrives in Tajikistan, countering militancy tops agenda

April 15, 2013 at 12:52 PM

Dushanbe (Tajikistan), Apr 15 (ANI): Vice President Mohammad Hamid Ansari, who is on a goodwill visit to Tajikistan, would discuss militancy stemming from Pakistan and Afghanistan and ways to boost bilateral trade with the resource-rich central Asian country.

Iran test-fires three missiles

April 14, 2013 at 1:32 PM

Moscow, April 14 (IANS/RIA Novosti) The Iranian military has successfully test-fired three new domestically produced missiles, the Fars News Agency has reported.

Iranian Army announces successful testing of 3 new missiles

April 14, 2013 at 12:52 PM

Israel, Apr. 14 (ANI): The Iranian Army has announced the successful testing of three new missiles, on Saturday, but did not reveal details about the weapons.

Vice President Ansari to visit Tajikistan

April 13, 2013 at 2:44 PM

New Delhi, Apr. 13 (ANI): Vice President Mohammad Hamid Ansari will be paying a four-day official visit to Tajikistan beginning on Sunday.

Expert committee to inspect Sterlite smelter plant

April 12, 2013 at 8:12 PM

Chennai, April 12 (IANS) The National Green Tribunal Friday said an expert panel will be formed to inspect the systems of the Sterlite Industries (India) Ltd's copper smelter plant that was ordered closed by the Tamil Nadu Pollution Control Board (TNPCB) last month, a lawyer said.

Sensex down more than one and half percent

April 12, 2013 at 7:24 PM

Mumbai, April 12 (IANS) A benchmark index of Indian equities markets closed more than one and a half percent lower in Friday's trade as weak industrial production numbers, coupled with disappointing results from information technology (IT) major Infosys dampened sentiments.

Sensex closes more than half a percent up; bank, IT

April 11, 2013 at 6:44 PM

Mumbai, April 11 (IANS) A benchmark index of Indian equities markets closed more than half a percent higher in Thursday's trade as bank, IT and capital goods stocks rallied.

Yamaha to manufacture "world's cheapest 500-dollar bike" in India

April 11, 2013 at 1:40 PM

Sydney, Apr. 11 (ANI): Yamaha has started working on the 'world's cheapest motorcycle' at its research centre in Uttar Pradesh, India, that will be exported at a price of 500 US dollars, though its launch date in India has yet not been revealed.

Scindia seeks priority for power plants in gas allocation

April 10, 2013 at 7:32 PM

New Delhi, April 10 (IANS) The union power ministry is seeking priority status to power projects for gas allocation, on par with fertiliser units, Power Minister Jyotiraditya Scindia said Wednesday.

Nepal's top leaders pledge hydro power development

April 10, 2013 at 6:28 PM

Kathmandu, April 10 (IANS) Top leaders of Nepal's major political parties Wednesday signed a commitment paper prepared by the private sector pledging to support overall development of hydro power projects.

GE to buy oil equipment maker for $3.3 bn

April 9, 2013 at 11:17 AM

New York, April 9 (IANS/EFE) General Electric Co. announced Monday that it is spending $3.3 billion to buy Lufkin Industries Inc., a manufacturer of equipment used in oil drilling.

Israeli aerospace giant eyes Brazilian market

April 8, 2013 at 12:21 PM

Jerusalem, April 8 (IANS) Israel Aerospace Industries (IAI) is operating its integrated command, control and communication center in Brazil, the company said in a statement.

Bajaj to commence manufacturing of RE60 in current fiscal

April 5, 2013 at 8:44 PM

Pune, April 5 (IANS) Two-and-three wheeler manufacturer Bajaj Auto Friday said it would commence production of its first four-wheeler - the RE60 - in the current financial year.

Sensex closes 0.32 percent down; FMCG, capital goods stocks plummet

April 5, 2013 at 6:44 PM

Mumbai, April 5 (IANS) A benchmark index of Indian equities markets closed Friday's trade 0.32 percent down, owing to heavy selling in fast moving consumer goods (FMCG), capital goods, consumer durables, bank and media and entertainment stocks.

Punjab sets aside Rs.18,998 crore for wheat procurement

April 4, 2013 at 9:48 PM

Chandigarh, April 4 (IANS) Targetting a record procurement of over 140 lakh tonnes this season, the Punjab government has set aside Rs.18,998 crore for wheat procurement this season.

Himachal asks cement firms to lower prices

April 4, 2013 at 6:44 PM

Shimla, April 4 (IANS) Cement companies operating their plants in Himachal Pradesh have been asked to lower their retail rates, state Industries Minister Mukesh Agnihotri said Thursday.

Karthikeyan extends deal for Auto GP round two

April 4, 2013 at 6:36 PM

New Delhi, April 4 (IANS) India's top racing driver Narain Karthikeyan has extended his deal with Zele Racing for the second round of Auto GP in Marrakesh, Morocco this weekend.

Analysts upbeat, markets toast Reliance telecom deal

April 3, 2013 at 5:32 PM

Mumbai, April 3 (IANS) Indian markets continued to toast the agreement reached Tuesday by Reliance Industries to share the optic fibre network of Reliance Communications for 4G telecom services, as analysts said it could entail more such pacts in the future.

Himachal hopes to get central sops for investment

April 3, 2013 at 5:08 PM

Shimla, April 3 (IANS) Himachal Pradesh is hopeful of getting some central incentives to attract investment, Industries Minister Mukesh Agnihotri informed the assembly Wednesday.

Sensex up more than one percent; metal, capital goods stocks gain

April 2, 2013 at 7:25 PM

Mumbai, April 2 (IANS) A benchmark index for Indian equities markets closed Tuesday's trade nearly one percent up, owing to healthy buying in metal, capital goods, oil and gas, health care and bank stocks.

Ambani brothers join hands for telecom business

April 2, 2013 at 5:48 PM

Mumbai, April 2 (IANS) Companies run by brothers Mukesh and Anil Ambani Tuesday announced a Rs.1,200 crore deal for cooperation in telecom business.

Vedanta's copper smelting plant ordered to stop operations

March 30, 2013 at 2:02 PM

Chennai, March 30 (IANS) The Tamil Nadu Pollution Control Board (TNPCB) Friday ordered closure of the Tuticorin copper smelting plant of Sterlite Industries, a subsidiary of Vedanta group, with immediate effect, and power supply to the plant has been cut off, a company official said.

Daniel Craig paid $1M for '007 minutes' auto show appearance

March 29, 2013 at 12:02 PM

New York, Mar 29 (ANI): James Bond star Daniel Craig earned 1 million dollars for a Range Rover appearance at the New York Auto Show that barely lasted 007 minutes.

VW's 2015 Golf to be made in Mexico

March 29, 2013 at 11:14 AM

Toronto, March 29 (IANS/EFE) The 2015 Golf will be produced in Puebla, Mexico, and is expected to go on sale in 2014, Volkswagen said.

Himachal to have new industrial policy

March 28, 2013 at 8:18 PM

Shimla, March 28 (IANS) Himachal Pradesh is framing a new industrial policy to attract more investments as 215 industrial units have closed down during the last five years, Industries Minister Mukesh Agnihotri told the state assembly Thursday.

Sensex makes marginal gains ending losing streak

March 26, 2013 at 8:18 PM

Mumbai, March 26 (IANS) A benchmark index for Indian equities markets rose 0.12 percent points Tuesday ending a seven-session losing streak. Fast moving consumer goods stocks such as ITC gained the most.

'750 MW solar power projects in Andhra waiting clearance'

March 26, 2013 at 7:14 PM

Hyderabad, March 26 (IANS) Notwithstanding the claims by Andhra Pradesh government that it is taking all steps including promoting solar power to overcome the electricity shortage, 750 MW solar power projects are stranded in the state for want of clearances, said a leading industry body.

Punjab expects record wheat procurement this season

March 26, 2013 at 6:26 PM

Chandigarh, March 26 (IANS) Punjab is headed for a record wheat procurement of 140 lakh tonnes this season, officials of the state food and supplies department said here Tuesday.

Airports authority to form joint venture for jet fuel supply

March 26, 2013 at 4:26 PM

New Delhi, March 26 (IANS) In a bid to provide cheap aviation fuel to domestic airlines, the Airports Authority of India (AAI) Tuesday said it will form a joint venture (JV) with airlines, state-run oil marketing companies and Reliance Industries.

'New learning models needed to face disparity concerns'

March 22, 2013 at 10:50 PM

Mumbai, March 22 (IANS) New learning models and low-cost solutions need to be created to deal with equality in skills, nutrition and housing, said Sam Pitroda, advisor to the prime minister on Public Information Infrastructure and Innovations.

CCI clears operations in 5 oil and gas blocks

March 21, 2013 at 7:06 PM

New Delhi, March 21 (IANS) The Cabinet Committee on Investment (CCI) has cleared Reliance Industries' (RIL) KG-D6 and NEC-25 blocks for oil and gas exploration along with three other areas, the petroleum ministry said Thursday.

Narain Karthikeyan to drive in Auto GP opener

March 21, 2013 at 6:41 PM

New Delhi, March 21 (IANS) India's first Formula One driver Narain Karthikeyan will take part in the opening two races of the Auto GP World Series single-seater racing for the 2013 season.

'Egypt should be India's gateway to Africa'

March 21, 2013 at 12:17 PM

New Delhi, March 21 (IANS) India should look at Egypt as its gateway to Africa, Osama Saleh, Egypt's Minister of Investment, said here.

India, Egypt sign MoUs in IT, space, cyber security and education

March 19, 2013 at 3:37 PM

New Delhi, Mar. 19 (ANI): India and Egypt on Tuesday inked five MOUs in IT, space, cyber security and education during the visit of President Dr. Mohamed Morsy to New Delhi. The agreements signed included the following:

Volvo's Cross Country sedan to debut in India soon

March 15, 2013 at 8:46 PM

Bangalore, March 15 (IANS) Swedish luxury carmaker Volvo Auto will roll out its V40 Cross Country sedan in India by June to give a run for the money to competitors like BMW, Audi and Mercedes in the cross over sports utility vehicle (SUV) segment.

Maruti Suzuki to suspend production Saturday

March 15, 2013 at 7:50 PM

Gurgaon, March 15 (IANS) Auto major Maruti Suzuki has decided to suspend production of cars at its Gurgaon and Manesar plants Saturday, a company spokesperson said.

More films to be shot in India, Bangladesh: Minister

March 15, 2013 at 5:42 PM

Mumbai, March 15 (IANS) Bangladesh's Minister of Information Hasanul Haq Inu Friday said film buffs in India and Bangladesh can now look forward to seeing movies filmed in each other's countries.

Tata technologies sets up innovation centre in US

March 14, 2013 at 11:02 PM

Bangalore, March 14 (IANS) Tata Technologies Ltd, which provides engineering services and manufacturing enterprise IT to global clients, has set up a new innovation centre at Troy, Michigan, the Tata group subsidiary said Thursday.

Emerging Kerala gets going, 30 projects confirmed

March 14, 2013 at 4:22 PM

Thiruvananthapuram, March 14 (IANS) Six months after the "Emerging Kerala" meet was held in Kochi to showcase opportunities to investors in the state, 30 projects under it have so far been cleared, state Industries Minister P.K. Kunhalikutty said Thursday.

Sensex closes flat; consumer durables, metal stocks plummet

March 11, 2013 at 5:07 PM

Mumbai, March 11 (IANS) A benchmark index for Indian equities markets closed Monday's trade flat, as consumer durables, metal and automobile stocks declined. However, capital goods, healthcare and realty stocks were the major gainers in the day's trade.

South Korea's auto exports fall

March 11, 2013 at 11:55 AM

Seoul, March 11 (IANS) South Korea's automobile exports posted a double-digit fall last month due to less business days arising from the Lunar New Year's holiday and weak demand for locally-made cars, a government report showed Monday.

Saudi Arabia to invest heavily in India: Ambassador (Interview)

March 10, 2013 at 3:23 PM

New Delhi, March 10 (IANS) Betting big on Asia's third-largest economy, Saudi Arabia's government-backed fund and private companies plan to invest heavily in a host of areas in India, the kingdom's ambassador here, Saud Mohammed Al-Sati, has said.

M&E industry to touch Rs.917 bn in 2013: Study

March 8, 2013 at 4:59 PM

Mumbai, March 8 (IANS) The Indian Media and Entertainment (M&E) industry is estimated to touch Rs.917 billion ($17 billion) - a growth of 11.8 percent - in 2013, according to findings of the FICCI-KPMG Media and Entertainment 2013.

M&E industry to touch Rs.917 billion in 2013: Report

March 8, 2013 at 2:59 PM

Mumbai, March 8 (IANS) The Indian Media and Entertainment (M&E) industry is estimated to touch Rs.917 billion ($17 billion) - a growth of 11.8 percent - in 2013, according to findings of the FICCI-KPMG Media and Entertainment 2013 report released here Friday.

Indian standards are well laid down: BIS

March 7, 2013 at 10:51 PM

Kolkata, March 7 (IANS) India, a founder member of the International Organisation for Standardization (ISO), has "well laid down" standards compared globally, a senior official of the Bureau of Indian Standards (BIS) said here Thursday.

TMC MP Saugata Roy resigns as Mamata Banerjee's adviser on commerce, industries, IT

March 7, 2013 at 8:35 PM

Kolkata, Mar.7 (ANI): Trinamool Congress lawmaker Saugata Roy has resigned as adviser to the West Bengal Government's Commerce, Industries and IT Ministry over alleged differences with Chief Minister Mamata Banerjee.

'Knowledge management key in corporate agenda'

March 7, 2013 at 7:56 PM

Mumbai, March 7 (IANS) Knowledge management has become a key item on the corporate agenda and is increasingly seen as an enabler fostering an organisation's ability to innovate, industrialists said here Thursday.

Industry wants logistics hub in Goa

March 2, 2013 at 3:23 PM

Panaji, Mar 2 (IANS) The Goa industry is lobbying with the state government for creating a logistics hub in the state which can cater to the neighbouring regions of southern Maharashtra and north Karnataka.

Goa Congress demands probe into land to CM's son

March 1, 2013 at 8:51 PM

Panaji, Mar 1 (IANS) The Goa unit of the Congress party Friday filed a complaint with the state vigilance department, demanding a probe into allotment of plots to Chief Minister Manohar Parrikar's son and about 40 others.

Traders' group backs plot allotment to Goa CM's son

February 28, 2013 at 10:03 PM

Panaji, Feb 28 (IANS) Under attack from the Congress for alleged nepotism in the allotment of an industrial plot to his son, Goa Chief Minister Manohar Parrikar can now hope for respite, with a key group of entrepreneurs backing the "transparent" allotment.

Auto industry reacts sharply to excise, customs hike

February 28, 2013 at 8:27 PM

New Delhi, Feb 28 (IANS) Finance Minister P. Chidambaram's proposal to hike the customs duty on new imported passenger cars and motorcycles, and excise duty on sports utility vehicle has received sharp reaction from the industry.

Budget positive, sound in economics: Assocham

February 28, 2013 at 4:51 PM

Mumbai, Feb 28 (IANS) Industry lobby Assocham Thursday welcomed the union budget 2013-14, saying it will promote investments and savings, give a boost to the infrastructure sector and skill development, and restore fiscal discipline.

Oil, gas production contracts on revenue-sharing basis

February 28, 2013 at 1:07 PM

New Delhi, Feb 28 (IANS) Oil and gas exploration contracts will now be awarded on a revenue-sharing basis, shifting from the current profit-sharing one, Finance Minister P. Chidambaram announced Thursday.

Sensex closes marginally up; capital goods, bank stocks rally

February 27, 2013 at 6:35 PM

Mumbai, Feb 27 (IANS) A benchmark index for Indian equities markets closed Wednesday's trade up more than half a percent, a day before Finance Minister P. Chidambaram is due to present the union budget 2013-14.

Israel, US test new missile defence system

February 26, 2013 at 5:23 AM

Tel Aviv, Feb 26 (IANS/RIA Novosti) Israel and the US have carried out the first successful test of the Arrow 3 missile defence interceptor, the Israeli defence ministry said.

BHEL to make rail coaches at Bhilwara

February 25, 2013 at 8:43 PM

New Delhi, Feb 25 (IANS) The railways Monday signed an MOU with the ministry of heavy industries to set up a coach manufacturing plant at Rajasthan's Bhilwara.