Kolkata: Japanese auto maker Honda, which has recently entered India’s diesel vehicle segment with the launch of the entry-level sedan Amaze, Monday said it would continue to bring diesel versions of the cars along with petrol which would be rolled out in the next two-three years in the country. “We bring in the sedan [...]
New Delhi: India’s headline inflation fell below six percent for the first time in more than three years on the back of slower rise in the prices of manufactured and primary articles, boosting hopes for a rate cut by the Reserve Bank of India next month, government data showed Monday. Inflation based on Wholesale Price [...]
New Delhi: India’s industrial output rose at a meagre 0.6 percent in February against an expansion of 4.3 percent in the corresponding month of 2011-12, government data showed Friday. Barring consumer goods, all other sectors of the industrial output basket declined. The performances of the mining, electricity and consumer non-durables sectors were disappointing, indicating the [...]
New Delhi: To further develop its brand in India, Italian automobile major Fiat’s Indian subsidiary Wednesday said it has dissolved an agreement with its manufacturing partner Tata Motors for distributing Fiat passenger vehicles sold here. “The objective behind establishing the National Sales Company (NSC) in Fiat Group Automobiles India (FGAIPL) is to consolidate our position [...]
New Delhi: British education and publishing conglomerate Pearson Plc Tuesday acquired the stake of Educomp Solutions in their equally-owned joint venture, IndiaCan, for an undisclosed amount, scaling up its operations in India. With this buyout of Educomp’s 50 percent shareholding, Pearson has become the sole owner of IndiaCan, said a Pearson release. In 2009, Pearson [...]
New Delhi: The Indian government Thursday decided to decontrol the Rs.80,000 crore (around $15.5 billion) sugar industry in line with the suggestions of a panel headed by C. Rangarajan, the chairman of the prime minister’s economic advisory council. “There will be no levy on sugar for two years. There will be no change in the [...]
New Delhi: India is holding talks with Saudi Arabia over the kingdom’s new work policy Nitaqat, that seeks to reserve a percentage of jobs for locals, an official said here Wednesday. He added that there has not been any significant rise in Indians returning home due to the policy. Indian ministers may also meet Saudi [...]
Mumbai: Companies run by brothers Mukesh and Anil Ambani Tuesday announced a Rs.1,200 crore deal for cooperation in telecom business. As per the deal, Mukesh Ambani-led Reliance Jio Infocomm will utilise Anil Ambani-led Reliance Communications’ optical fibre network for fourth generation (4G) telecom services. Reliance Communications in turn will have reciprocal access to optic fibre [...]
New Delhi: The Defense Acquisition Council (DAC) Tuesday cleared a Rs. 2,800 crore deal for boosting the night vision capabilities of the Indian Army’s tanks and infantry combat vehicles, an official source said. The DAC, which was headed by Defense Minister A.K. Antony approved the procurement of 2,000 pieces of night vision devices for T-72 [...]
New Delhi: The government Tuesday approved Malaysian budget carrier AirAsia’s proposal to set up a new airline in the Indian civil aviation sector with partners Tata Group and Arun Bhatia-promoted Telestra Tradeplace. “(Approved) to set up a JV (joint venture) company to undertake the business of operation of scheduled passenger airlines,” the Finance Ministry said [...]
