INDUSTRY

  • India not worried over Pakistan-China economic corridor: Envoy 2 days ago

    Peshawar: India is not worried over the USD 46-billion economic corridor between Pakistan and China as an economically strong Pakistan would bring regional stability, India's envoy said on Wednesday, underlining the need to remove misperception and restore mutual trust between the two nations. Indian High Commissioner TCA Raghavan, addressing a meeting...
  • Adarsh scam: Maharashtra former chief minister Ashok Chavan moves Supreme Court against High Court order April 13, 2015

    New Delhi: Former Maharashtra Chief Minister Ashok Chavan on Monday moved the Supreme Court against a Bombay High Court decision dismissing his plea seeking recall of an earlier order, by which it had denied deletion of his name from list of accused in the multi-crore Adarsh housing society scam case. A...
  • Key civil and nuclear deal signed between India and France April 12, 2015

    Modi found star status among Indians in the course of his visit to France. He can be a captivating orator when he speaks in Hindi as he did on this ocassion. He underlined sentiments with facts such as his take on the Make in India campaign. He now heads to...
  • Industrial production grows at 5 per cent in February April 10, 2015

    New Delhi: Industrial production grew at nine-month high of 5 per cent in February on improved mining and manufacturing activity coupled with larger offtake of capital goods. The factory output, as measured by the Index of Industrial Production (IIP), had declined by 2 per cent in February 2014. In the April-February...
  • Railway Design Centre at National Institute of Design campus to improve ambience April 10, 2015

    New Delhi: Decor of Railway carriages and station premises are set to get an image makeover with the ministry joining hands with National Institute of Design to redesign coaches, toilets and other facilities. The Railways on Friday signed an MoU with the Commerce and Industry Ministry for setting up Railway Design...
  • Important to increase direct flights between India and Israel: Israeli envoy April 8, 2015

    Chennai: Making a pitch for developing the tourism industry, Israeli Ambassador to India Dabuek Carmon on Wednesday said it was important to increase the number of direct flights between the two countries. "To develop tourism, it is important to increase the number of direct flights from India to Israel," he said....
  • Focus on branding, packaging, PM Modi to small businesses April 8, 2015

    New Delhi: Prime Minister Narendra Modi on Wednesday spoke of the importance of packaging, branding and advertising for small enterprises so that they can upscale their business ventures. "Brand building, advertising and financial support when given to small entrepreneurs will strengthen the foundation of Indian economy," he said while launching the...
  • Lapsed tenders hurt Narendra Modi's 'Make in India' defence industry push April 8, 2015

    New Delhi: Indian firms have spurned some $15 billion worth of government tenders to make a range of weapons since 2013, Defence Ministry officials say, in a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms. Executives cited unrealistic quality demands from a military...
  • Include farmers as equity partners in industrial projects: Abdul Kalam April 6, 2015

    Thanjavur: Former President APJ Abdul Kalam has stressed the need to include farmers as equity partners in industrial projects if their land was to be acquired for industrial development. If a nation has to develop, then so should its farmers. To achieve this, they should get the right to fix remunerative...
  • Central Vigilance Commission forms panel to fast-track prosecution sanction April 3, 2015

    New Delhi: A six-member panel of experts has been formed by the Central Vigilance Commission (CVC) to review pending cases, referred to it by CBI for sanction of prosecution against corrupt government officials. CVC tenders advice in respect of officers coming under its jurisdiction against whom the CBI has sought sanction...
  • India ready to talk with European Union on FTA: Nirmala Sitharaman March 23, 2015

    New Delhi: Negotiations for the proposed free trade agreement with the European Union may resume as India on Monday said that it is "ready to talk" with the EU on the pact. No negotiation was held after both sides failed to bridge substantial gaps on crucial issues including data security status...
  • Homeopathy is here to stay March 19, 2015

    Homeopathy was the brain child of an allopathic doctor Dr Samuel Hahnemann who was looking for better options for treatment of his patients. He wasn't satisfied with the method of treatments prevalent in those times like bloodletting and venesection which he observed were very painful and with adverse effects. He...
  • Mobile operators stare at costly victory as spectrum auction sale ends March 18, 2015

    Mumbai: Cellphone operators are snatching up precious bandwidth in the latest telecom auction, paying top dollar for spectrum to roll out high-speed coverage across India. The fear among investors is that the companies' balance sheets may now be under pressure. The government had raised a record Rs 1,07,000 crores ($17.07...
  • IIP grows 2.6 per cent in January March 12, 2015

    New Delhi: Industrial production grew 2.6 per cent in January mainly on account of improvement in manufacturing activity and better offtake of capital goods. The growth in factory output, as measured by the Index of Industrial Production (IIP), was 1.1 per cent in January 2014. For the April-January period of...
  • Cochin business chamber unhappy as Budget fails to meet demands February 28, 2015

    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 February 27, 2015

    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 February 25, 2015

    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 February 23, 2015

    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...