Business

  • Bihar's agri-food industry may touch Rs1 lakh crore by 2015: ASSOCHAM 14-04-2014 06:26 PM

    Agriculture and food industry in Bihar has the potential to reach Rs.1 lakh crore by 2015, says a study of industry association ASSOCHAM. Bihar's abundant agro-based raw materials available at competitive prices, cattle wealth, water resources and above all a pro-active industrial policy would help achieve the mark, the study...
  • Tata Steel produces record hot metal, crude steel in FY14 01-04-2014 10:47 PM

    Tata Steel in 2013-14 has achieved a record production of Hot Metal and Crude Steel as well as saleable steel, a senior official of the company said on Tuesday. The Hot Metal and Crude Steel production of 9.90 million tonnes (MT), up 11.74 per cent year-on-year and 9.15 MT, up...
  • Government makes online applications mandatory for business in Uttar Pradesh 04-03-2014 08:47 PM

    The Uttar Pradesh government on Tuesday announced that May 1 onwards, all applications for setting up industrial enterprises in the state would have to be submitted online. No application moved manually would be accepted, an official said. The step, he added, is aimed at reducing human interference in the process...
  • Sensex falls over 173 points to end at 20,946.65 03-03-2014 09:38 AM

    Mumbai: The benchmark Sensex on Monday fell over 173 points, its first drop in six sessions, to end below the 21,000-mark on economic growth concerns and global meltdown due to fears of war between Ukraine and Russia. Healthcare, IT, Power, Auto and Capital Goods shares were among the hardest hit....
  • Harvard Business School alumni gift tricycles to disabled 25-02-2014 08:34 PM

    An alumni team from the Harvard Business School on Tuesday visited the manufacturing centre of the world-famous Jaipur Foot, interacted with disabled people from various parts of India and gifted them tricycles and other aides. The delegation of 56 alumni - which included people from the US and Britain, South...
  • India will see faster, more inclusive growth: President 24-02-2014 07:46 PM

    New Delhi: President Pranab Mukherjee said faster, more inclusive and sustainable growth is an "impending reality for India". "As the number of middle-class consumers continues to swell, the market is likely to become more attractive for global business," he said while addressing participants of the reunion of owner/president management programme...
  • Politicians shouldn't become a roadblock for business: Arvind Kejriwal 17-02-2014 04:11 PM

    New Delhi: Aam Aadmi Party leader Arvind Kejriwal on Monday called for a 'corruption-free' environment for businessman in India. Speaking at CII, Kejriwal said AAP's policy is honest politics. "Every party talks about development, but can there be any development with corruption," Kejriwal asked. He alleged that out fear, no...
  • Bhilai Steel Plant registers impressive growth 16-02-2014 12:41 PM

    Bhilai Steel Plant, the flagship unit of public sector Steel Authority of India Ltd, on Saturday said it saw growth in production in three categories in April to January period in the current fiscal, enabling it to meet the yearly targets. The plant registered growth of 2.6 percent, 1.6 percent...
  • Speaker to discuss smooth functioning of House with leaders 12-02-2014 05:25 PM

    With loss of business hours because of frequent disruptions in two Houses of Bihar Legislature, Speaker Udai Narayan Chaudhary on Wednesday said he would discuss the issue with leaders of all parties on Thursday. "I will put the issue in the Business Advisory Committee meeting of the Assembly on Thursdayand...
  • Jan Lokpal Bill: Soli Sorabjee backs AAP government's stand 08-02-2014 08:59 PM

    New Delhi: Eminent lawyer Soli Sorabjee on Saturday backed the Delhi government's stand that there was no need to take the prior consent of the Centre before introduction of its Jan Lokpal Bill in the Assembly, which it plans to do next week. In his opinion given to the Delhi...
  • LS polls: Modi woos Muslims to project himself as an inclusive leader 07-02-2014 08:16 PM

    Ahmedabad: In order to reach out to the Muslim community, BJP prime ministerial candidate Narendra Modi on Friday attended a conclave organised by its business representatives as he called for creating a healthy society by bringing all groups together and adopting a growth model that ensures equality. The three-day conclave,...
  • SML Isuzu eyes 10 per cent revenue growth in 2014-15 06-02-2014 08:13 PM

    Commercial vehicle maker SML Isuzu on Thursday said it expects revenues to grow 10 per cent in 2014-15 as it expands its product portfolio and forays into the 10-12 tonne gross vehicle weight (GVW) category. "We have about 16 per cent share of the 5-10 per cent GVW category and...
  • Manufacturing PMI rises to highest since March 2013 03-02-2014 12:27 PM

    Bangalore: Indian factories started 2014 on a high note, with activity growing at its fastest pace in nearly a year as domestic and overseas orders increased, according to a survey that also showed inflation accelerated. The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, bounced to 51.4 in January,...
  • Shivraj Singh Chouhan urges PM to convene meeting of CMs on Food Safety Act 29-01-2014 07:47 PM

    Madhya Pradesh Chief Minister Shivraj Singh Chouhan has written to Prime Minister Manmohan Singh demanding that implementation of the Food Safety and Standards Act 2006 be kept in abeyance until issues concerning its provisions are resolved and also urged him to convene a meeting of all chief ministers at the...
  • Aviation Ministry says no order to private airlines to treat MPs as VIPs 29-01-2014 05:16 PM

    New Delhi: Even as the debate over the VIP culture of Parliamentarians raises more heat, Union Civil Aviation Minister Ajit Singh on Wednesday clarified that neither the Ministry nor the Directorate General of Civil Aviations has issued any order directing private airlines to provide special privileges to MPs. "No guidelines...
  • IIMB makes debut in FT Global MBA Ranking 2014; IIMA, ISB slip 29-01-2014 10:09 AM

    Hyderabad: Premier B-schools Indian Institute of Management Ahmadabad (IIMA) and Indian School of Business (ISB), Hyderabad have slipped from their current positions to lower ranks in the Financial Times (London) Global MBA Ranking-2014. For the first time, Indian Institute of Management Bangalore (IIMB) has found a place on the chart...
  • Is Amala Paul planning to start her own business? 28-01-2014 02:44 PM

    If rumours doing the rounds are anything to go by, star Amala Paul is all set to venture into hospitality industry. Yes, the popular actress made the decision after her first film Mynaa. Going by the reports, the actress will take it up as a full-time venture. The actress's last...
  • Facebook tests ads on other companies' mobile apps, to launch an ad network business 23-01-2014 09:57 AM

    San Francisco: Facebook Inc said on Wednesday that it is displaying ads from a small group of marketers on other companies' smartphone apps, the latest sign that the world's No. 1 online social network is closer to launching an ad network business. Facebook said that the test is currently limited...
  • Indian-origin academician appointed dean of Harvard College 23-01-2014 07:36 AM

    New York: Indian-origin academician Rakesh Khurana has been appointed dean of the prestigious Harvard College and will take over his new role in July. Khurana is the Marvin Bower Professor of Leadership Development at Harvard Business School (HBS), professor of sociology in the Faculty of Arts and Sciences (FAS) and...
  • Sensex advances by 46 points as rate sensitive stocks post gains 21-01-2014 04:24 PM

    Mumbai: The BSE benchmark index Sensex rose further by 46 points on sustained buying by funds in bluechips led by banks ahead of the RBI monetary policy meet amid a firming global trend. The 30-share index, which had gained 142 poins in the previous session, advanced by 46.07 points, or...
  • When butter chicken posed a risk for business expansion at Birlas! 20-01-2014 11:17 AM

    New Delhi: Risks for international expansion can come from the least-expected quarters and for industrialist Kumar Mangalam Birla it once came in the form of 'butter chicken' being cooked in its office canteen. The aluminium-to-telecom conglomerate Aditya Birla Group Chairman belongs to the Marwari community, where vegetarianism forms an important...
  • The Global Economy: Will the Craziness Stop in 2014? 17-01-2014 03:12 PM

    The year 2013 saw two anniversaries: The 50th anniversary of the assassination of President John F Kennedy and the 5th anniversary of the global financial crisis (GFC) and the collapse of Lehman Brothers. Both events continue to cause controversy. Theories about the presidential killing are still debated. There are still...
  • Modi's pitch for industry leaders, to meet 400 CEOs today 17-01-2014 08:42 AM

    New Delhi: Strengthening his pitch to India Inc, Gujarat Chief Minister Narendra Modi will address hundreds of CEOs in Delhi on Friday. Modi is scheduled to speak at the Cyber Media ICT Business Awards which would be attended by nearly 400 industry leaders. The BJP prime ministerial candidate will also...
  • Pakistan for relaxing visa regime to boost business ties 16-01-2014 09:01 PM

    Pakistan on Thursday made a strong case for relaxing visa regime, improving mobile connectivity and facilitating banking relationship to boost trade and business between the two neighbours. "The non-tariff barrier has nothing to do with trade at all... It is the visa regime (which is hampering movement of businessmen and...
  • UK optimistic about India's retail policy, says UKTI 15-01-2014 08:40 PM

    A lot of UK-based firms have taken advantage of foreign direct investment (FDI) in India's retail sector and people are quite optimistic about it, United Kingdom Trade and Investment (UKTI) said on Wednesday. "Many companies in the UK have taken advantage of India permitting FDI in retail sector and Britain's...
  • Sensex loses 101 pts; Nifty holds 6200 14-01-2014 11:37 AM

    Mumbai: After a volatile session, the market ended on a weak note. The Sensex ended down 101.33 points at 21032.88, and the Nifty closed at 6241.85, down 30.90 points. About 1197 shares have advanced, 1457 shares declined, and 295 shares are unchanged. Pharma stocks Cipla, Dr Reddy's Labs were top...
  • CAT 2013 results declared 14-01-2014 11:35 AM

    New Delhi: The results to Common Admission Test (CAT) 2013 have been declared. Candidates can check their result by logging on to the official website of CAT, http://www.cat2013.iimidr.ac.in. The result is also being distributed by the National Informatics Centre. More than one lakh aspirants appeared for the entrance test held...
  • CAT 2013 results to be declared today 14-01-2014 07:38 AM

    The Common Admission Test results for admission to the Indian Institute of Management and other business schools is likely to be declared on Tuesday. To check the results, one can log on to the official website of CAT, http://www.cat2013.iimidr.ac.in/ from 9AM onwards. The results will also be distributed by the...
  • Pakistani delegation to attend SAARC business conclave 05-01-2014 07:15 PM

    A 60-member delegation from Pakistan will attend the 5th SAARC Business Leaders Conclave in New Delhi on January 17. The private sector traders' delegation will be led by vice-president of the SAARC Chamber of Commerce and Industry's (SCCI) Pakistan chapter, Iftikhar Ali Malik, the Associated Press of Pakistan (APP) reported...
  • New Year brings hope with 8 lakh job openings, 20 per cent pay hike: Experts 01-01-2014 01:58 PM

    It may rain jobs in the new year as companies are gearing up to add over 8 lakh new employees to their payrolls and dole out salary hikes of up to 20 per cent to best performers in 2014, say experts. As per estimates of various human resource consultants, the...