INDUSTRIES

  • Cochin business chamber unhappy as Budget fails to meet demands 2 days ago

    Kochi: Cochin Chamber of Commerce and Industry has criticised Finance Minister Arun Jaitley for not giving funds for Kerala's crawling public sector industrial units in the Budget on Saturday. However, the body has hailed proposals like announcement on GST and reduction in corporate tax. "Our long-pending demands like AIIMS, Cancer Hospital,...
  • Campus calling: Healthcare sector must be given special importance in Budget 2015 3 days ago

    Ahead of Budget 2015, CNN-IBN's Kajori Sen visits Indian School of Business in Hyderabad and asks students, what they would implement in the Budget if they were the Finance Minister of India. ...
  • SRK hopes Union Budget 2015 will benefit film industry 5 days ago

    Mumbai: As Arun Jaitley is set to present the Union Budget on February 28, Bollywood superstar Shah Rukh Khan hopes that the film industry will be taken into consideration by the Finance Minister. "It is weird when people ask an actor about budget. Please do not ask me about it....
  • NIIT CEO puts high hopes on Union Budget 2015 1 week ago

    New Delhi: The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track. Narendra Modi government will present its full fledged Budget on February 28 in Parliament, industries are pinning high hopes from Finance Minister Arun Jaitley. Rahul K Patwardhan, CEO Designate, NIIT Limited...
  • Budget:Government may announce incentives for medical devices sector February 22, 2015

    New Delhi: After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers. In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical...
  • Coalscam: CBI files CVC's reference in special court February 19, 2015

    New Delhi: CBI on Thursday filed in a special court a copy of the reference made by Central Vigilance Commission (CVC) on the basis of which a case was lodged against Prakash Industries Ltd and others in a coal blocks allocation scam. The investigating officer (IO) placed on record the...
  • Indian Medical Device Industry urges government to rationalise inverted duty structure February 19, 2015

    New Delhi: As Finance Minister Arun Jaitley will table the Union Budget 2015-16 on February 28, people across industries are having high hopes from the Narendra Modi government and are also laying down their demands. The $5 billion Indian Medical Device Industry has urged the government to implement to take...
  • RIL Chairman Mukesh Ambani conferred Doctor of Science by ICT February 18, 2015

    RIL Chairman Shri Mukesh D Ambani has been conferred the Doctor of Science by his alma mater Institute of Chemical Technology. Mukesh Ambani, who completed B Tech in Chemical Engineering from ICT in 1979, shared the honour with world renowned Prof Goerge Whitesides. Accepting the honour on Monday in Mumbai, Mukesh...
  • Budget 2015: Medical device manufacturers seek import duty concession February 15, 2015

    New Delhi: Medical device manufacturers have sought import duty concessions in the next budget to be unveiled by Finance Minister Arun Jaitely on February 28. The Association of Indian Medical Device Industry (AIMED) has also sought a blanket ban on 100 per cent foreign direct investment (FDI) in brown-field projects....
  • About fifty child labourers rescued in Hyderabad February 12, 2015

    Hyderabad: Continuing their special drive, the city police rescued around 50 child labourers, most of them hailing from West Bengal, who were being forced to work in hazardous industries here. "So far, about 50 children have been rescued and our special drive continues. Five persons who had employed them were...
  • India's Industrial production growth slows to 1.7% in December February 12, 2015

    Industrial production growth rate slowed to 1.7 per cent in December last year on sequential basis mainly due to a contraction in the mining and quarrying sector. The growth in factory output, as measured by the Index of Industrial Production (IIP), in the month under review was, however, higher as compared...
  • Coalgate: CBI files progress report on further probe February 4, 2015

    New Delhi: CBI on Wednesday filed in a special court a progress report of its ongoing investigation in a coal blocks allocation case in which it has chargesheeted Nagpur-based Grace Industries Ltd (GIL) and one of its directors. The investigating officer (IO) said the matter regarding the alleged roles of...
  • Cut salaries of staff responsible for flight delays: Government tells Air India February 3, 2015

    New Delhi: With employees found responsible for up to 15 per cent of Air India's flight delays, the airline has been directed by the government to penalise them by cutting salaries in a bid to fix accountability. The state-owned airline, meanwhile, said that it is...
  • December infrastructure output grows at three-month low of 2.4 per cent February 2, 2015

    New Delhi: India's annual infrastructure output growth slowed to a three-month low of 2.4 per cent in December, mainly dragged down by a sharp slowdown in electricity, coal and cement production, government data showed on Monday. The output had expanded 6.7 per cent year-on-year in November. The infrastructure sector, which comprises coal,...
  • Delhi elections: Why is Kejriwal misleading voters on water, power rates, asks BJP February 1, 2015

    New Delhi: The BJP on Sunday posed five more questions to Aam Aadmi Party (AAM) chief Arvind Kejriwal. The party asked: "Why is Kejriwal brazenly misleading voters about water rates, when in fact they are exactly same as last year? Why is Kejriwal misleading voters about electricity rates, by comparing domestic...
  • IT sector employees earn highest salary of Rs 341.8/hour: Report January 20, 2015

    New Delhi: With a median gross salary of Rs 341.8 per hour, the IT sector in India has emerged as the most lucrative sector in India, followed by finance where employees get Rs 291 per hour, a report says. According to leading online career and recruitment solutions provider, Monster India, those...
  • 8 Indian companies in Fortune 500 spend $81 million a year on CSR: report January 18, 2015

    New Delhi: As many as eight Indian companies in Fortune Global 500 list including Reliance Industries and ONGC spend as much as $81 million a year on Corporate Social Responsibility (CSR) activities, a report says. According to a report published by the Varkey Foundation in partnership with UNESCO, while, the eight...
  • Raveena Tandon shoots for Onir's 'Shab' in Delhi January 13, 2015

    Mumbai: Actress Raveena Tandon is beating the winter chill in the capital to shoot Onir's intense love story 'Shab'. "Shooting in Delhi for Onir's SHAB," she tweeted Monday along with her photograph, in which she is looking glamorous in a black ensemble. The actress also shared a selfie. 'Shab', about people and fashion...
  • Indian industry picks up, inflation under control January 13, 2015

    India's economic outlook got a boost on Monday after data showed industrial output made an impressive recovery and retail prices rose at a slower-than-expected pace, lending credence to Prime Minister Narendra Modi's sales pitch to global investors. ...
  • Sensex up 85 points in early trade on encouraging IIP data January 13, 2015

    Mumbai: Rising for the fourth consecutive session, the benchmark BSE Sensex rose nearly 85 points in early trade on Tuesday, tracking improved industrial production figure at 3.8 per cent for November amid mixed global cues. However, the retail inflation moved up marginally to 5 per cent in December. The 30-share...
  • Industrial output recovers in November, up 3.8 per cent January 12, 2015

    New Delhi: Industrial output recovered at a much faster-than-expected pace in November, posting an annual growth of 3.8 per cent year-on-year, helped by a rebound in capital goods sector, government data showed on Monday. Analysts were expecting output growth to come in at 2.2 per cent compared with a 4.2 per...
  • Over 18,000 MoUs worth Rs 10 lakh crore signed on day one of Vibrant Gujarat Summit January 12, 2015

    Gandhinagar: As the second day of Vibrant Gujarat Summit is underway in Gandhinagar on Monday, over 18,000 Memorandum of Understandings (MoUs) worth Rs 10 lakh crore were signed on day one of the summit itself. Another 5000-odd MoUs are likely to be signed today. The three-day summit kicked off on Sunday...
  • RIL Chairman Mukesh Ambani announces Rs 100,000 crore investment in Gujarat January 11, 2015

    Gandhinagar: Reliance Industries Chairman Mukesh Ambani on January 11 announced Rs 100,000 crore investment across businesses in the next 12-18 months and said India was on the path to become the world's fastest growing economy. The investments will be in expanding petrochemical production capacity as well as in launch the much-awaited...
  • Watch: RIL Chairman Mukesh Ambani addresses the gathering at Vibrant Gujarat Summit January 11, 2015

    Addressing the seventh edition of Vibrant Gujarat Summit, Reliance Industries Limited Chairman Mukesh Ambani said that Reliance will invest Rs 100,000 crore in the state in next five years. He said, "Each Vibrant Gujarat Summit has been bigger than the earlier one. I urge companies to invest in India. Reliance...
  • PM Modi calls for action against industrial units polluting Ganga January 7, 2015

    New Delhi: Pushing for time-bound effort to stop pollution of the Ganga, Prime Minister Narendra Modi said legal actions should be taken against polluting industrial units and suggested setting up of environment-friendly crematoria along the river in achieving the goal. Chairing a meeting on Ganga-cleaning process called the 'Namaami Gange', he...
  • Universities must have greater academic freedom, autonomy: PM Modi January 3, 2015

    Mumbai: Prime Minister Narendra Modi batted for giving universities more academic freedom and autonomy and promised to cut excessive regulation and cumbersome procedures to encourage research. "We want our scientists to explore the mysteries of science and not of government procedure," Modi said, while inaugurating the 102nd Indian Science Congress...
  • Higher excise duty to hit demand, industrial growth: Assocham December 31, 2014

    New Delhi: Industry body Assocham on Wednesday said that the withdrawal of excise duty concessions for cars and durable goods will spell a death knell for the industrial growth and the decision was not in the spirit of Make in India. "At a time when manufacturing output has been declining...
  • Women form 94 per cent of pickpockets held in Delhi Metro this year December 28, 2014

    New Delhi: An overwhelming majority of the pickpockets 94 per cent caught in the Delhi Metro network this year are women, an official data has revealed. Figures compiled by the Central Industrial Security Force (CISF) for 11 months, from January to November, show that a total of 293 women pickpockets...
  • Bangladeshi film industry seeks India's support December 17, 2014

    Kolkata: The Bangladeshi film industry needs India's expertise in digitising the filmmaking process in their country and cooperation to facilitate screening of their films in both the neighbouring countries simultaneously, a film industry official said Wednesday. According to Bangladeshi film exhibition committee joint secretary Sudipta Kumar Das, 'Ma Amar Swarga' ('My...
  • China industrial activity shrinks in December, calls grow for more stimulus December 16, 2014

    Beijing: Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/Markit manufacturing purchasing managers' index(PMI) fell to 49.5 in December...