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May 2015

Modi speeds up capital spending in April to push growth

May 30, 2015 by shekarm

Prime Minister Modi ramped up spending on roads, railways and rural infrastructure in April to boost economic growth, after $19 billion in cuts brought public investment shuddering to a halt at the end of the last fiscal year.

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Sun Pharma misses profit estimates on Ranbaxy costs

May 30, 2015 by shekarm

Sun Pharmaceutical Industries Ltd, India's largest drugmaker by sales, reported fourth-quarter profit well below analysts' expectations, hit by costs related to integrating smaller rival Ranbaxy Laboratories Ltd.

Workers at Tata Steel UK's biggest union vote to strike

May 30, 2015 by shekarm

Tata Steel UK's biggest trade union voted on Friday to go on strike, setting the scene for the biggest labour action in the British steel sector in three decades.

Indian Oil shifts focus to expanding natural gas business

May 30, 2015 by shekarm

Indian Oil Corp (IOC), the country's biggest refiner, is expanding its natural gas business as the south Asian nation, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil.

Government again issues land acquisition order

May 30, 2015 by shekarm

The government has issued an executive order for the third time to make it easier to buy farmland for large projects after failing to win parliamentary for a controversial land bill championed by Prime Minister Narendra Modi.

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Data shows Indian growth outstrips China's but economists doubtful

May 30, 2015 by shekarm

India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity.

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Larsen & Toubro profit down 27 pct but home market improving

May 30, 2015 by shekarm

Industrial group Larsen & Toubro reported a 27 percent drop in net profit in the three months through March, that nevertheless beat estimates, and said it was upbeat on prospects in its domestic market.

India Carpet Expo will start from Oct 11 in Varanasi

May 30, 2015 by shekarm

Over 400 foreign buyers from countries including the US and South Africa are expected to participate in the four-day exhibition of carpet industry which will start from October 11 in Varanasi.

The 30th India Carpet Expo will provide a 'unique pick and choose' business opportunity to all overseas carpet buyers, the Textiles Mi

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DMIC: Govt clears Rs 4,318 cr to build trunk infra

May 30, 2015 by shekarm

The government today approved Rs 4,318.28 crore for constructing roads and basic amenities at two industrial regions in Gujarat and Maharashtra under the Delhi-Mumbai Industrial Corridor (DMIC) project.

The Cabinet Committee, chaired by Narendra Modi, has approved the construction of trunk infrastructure components of Phase-1

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Nation-wide bank strike on June 24

May 30, 2015 by shekarm

The All India Bank Employees Association (AIBEA) today called for a nation-wide strike on June 24 in support of various demands of the State Sector Bank Employees Association (SSBEA).

SSBEA, under its umbrella, has various unions of associate banks of SBI like State Bank of Bikaner and Jaipur, State Bank of Travancore, State

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