Industries

  • RIL becomes 1st private company to post $1 billion quarterly profit 4 days ago

    New Delhi: Reliance Industries on Saturday posted a 13.7 per cent jump in its first quarter net profit to almost $1 billion, the highest quarterly profit by a private firm, on the back of higher refining margins, better petrochemical earnings and surge in US shale gas business. ...
  • Decision on critically polluted areas soon: Prakash Javadekar July 13, 2014

    Ahmedabad: The government will find an amicable solution to the issue of banning new projects or expansion of existing projects in Gujarat's 'critically polluted' industrial clusters, Union Minister for State for Forests and Environment Prakash Javadekar said on Sunday. These three industrial clusters include Vapi in Valsad district, Ankleshwar in Bharuch...
  • News 360: Government brings TRAI Bill to appoint of PM's principal secretary July 11, 2014

    Finance Minister Arun Jaitley on Friday slammed the opposition parties for their remarks over the appointment of Nripendra Mishra saying Prime Minister Narendra Modi has the right to choose his staff. The BJP and the Congress are set for a face-off over the appointment of the Prime Minister's Principal Secretary...
  • Industry hails infrastructure reforms announcements in budget July 10, 2014

    New Delhi: Narendra Modi's maiden budget has paved way for infrastructure reforms and has created a sense of confidence among investors, who are awaiting removal of structural bottlenecks in projects, industry analysts and India Inc on Thursday said hailing announcements. "The government has laid special focus on development of critical infrastructure...
  • Home Ministry objects to FDI in sensitive areas of Indian railways July 6, 2014

    New Delhi: The Home Ministry has raised objections in allowing foreign direct investment in highly-sensitive areas of the Railways sector, saying such a move may compromise security of the country's largest transportation network. The objection came after the Commerce and Industry Ministry circulated a draft cabinet note for inter-ministerial consultations...
  • Any c***** can become chief minister: Yashwant Sinha on Jharkhand CM July 2, 2014

    In an apparent slip of tongue, senior BJP leader Yashwant Sinha on Tuesday used an expletive word that raised eyebrows. "Media people come and put their mike, asking who would become the chief minister. How does it matter which c**** becomes CM," said Sinha. Sinha, whose word spoken in Hindi is taken...
  • While commenting on red tape, Parrikar wades into controversy July 2, 2014

    Panaji: While talking about the red tape faced by those who want to start a new factory, Goa Chief Minister Manohar Parrikar recounted a potentially controversial remark during a speech over the week-end. "An IIM professor told me that a student of his told him during an interaction, 'If I...
  • Major fire breaks out at a slipper factory in Vishwakarma industrial area July 1, 2014

    A major fire broke out on Tuesday at a slipper manufacturing factory in Vishwakarma industrial area but no loss of life was reported, police said. The fire broke out on the second floor of the factory where raw material in large quantity and the final products were stored, police said. A petrol...
  • Japan industrial output rises, signals economic recovery June 30, 2014

    Tokyo: Japan's factory output rose in May after companies cut production in April to offset the impact of a national sales tax hike, underscoring views the economy will absorb the increase largely unscathed. The 0.5 per cent month-on-month rise compared with the median estimate of a 0.9 per cent increase in...
  • Police constable blinds and kills daughter's lover June 29, 2014

    A 22-year-old youth was blinded and killed allegedly by his girlfriend's father, a police constable, and other family members when he had gone to secretly meet her at her house at Daulatpur village in Patna district, police said on Sunday. The incident occurred when Rahul Kumar, a diploma holder from the...
  • Western leaders rush to meet Modi as India plans to allow FDI in defence June 29, 2014

    New Delhi: Western governments are rushing to visit Prime Minister Narendra Modi, drawn by the prospect of multi-billion-dollar deals as the Indian government prepares to open the nascent defence industry to foreign investment. Senior politicians from France, the United States and Britain arrive in quick succession over the next 10 days...
  • Union Cabinet gives nod to MoU with China for industrial parks June 25, 2014

    New Delhi: Ahead of the visit of Vice President Hamid Ansari to Beijing, the government on Wednesday gave an in-principle approval for a memorandum of understanding (MoU) between India and China for setting up industrial parks in the country. The details of the agreement will be available only after the signing of...
  • Bengal's jute industry crisis worsens after workers lynch a mill's CEO June 23, 2014

    Kolkata: Bengal's jute industry crisis is out in the open a week after a jute mill CEO was lynched by workers in Hooghly. Several mills have now suspended operations. The jute mill CEO incident sent shockwaves through the industry. Work is now suspended at the mill as well as three others...
  • Industrial Training Institutes start online admission June 20, 2014

    New Delhi: Students aspiring to get admission in state-run Industrial Training Institutes will no longer have to stand in long queues outside application form counters as they will now be able apply online. Delhi government on Friday announced that it has extended online admission registration facility for engineering and non-engineering...
  • Bengal's jute industry on life support June 20, 2014

    A dusty, cratered, Grand Trunk Road separates Northbrook jute mill and a shiny, apartment complex towering over the asphalt in Hooghly. Rows of flats stand on what used to be the staff quarters till they were sold four years ago for real estate. Now, 25 mill officials and their families...
  • Jharkhand khadi board to set up parks to promote products June 18, 2014

    To promote its handloom products, the Jharkhand State Khadi and Village Industries Board has initiated steps to set up khadi parks where all manufacturing activities will take place under one roof. The board has a plan to establish six khadi parks in Jharkhand alone to promote khadi products as well as...
  • Reliance to launch the much-awaited 4G broadband services in 2015 June 18, 2014

    Mumbai: Reliance Industries today said it will invest Rs 1.8 lakh crore across businesses in the next three years and launch the much-awaited 4G broadband services in 2015 as it looks to break-into top 50 companies of the world. RIL Chairman Mukesh Ambani, the world's richest energy billionaire, unveiled his vision...
  • Reliance to launch its 4G network in the next few months June 18, 2014

    Mumbai: Reliance Industries Limited had its Annual General Meeting on Wednesday where Chairman Mukesh Ambani said that the next three years will be transformational for the company. Some of the big takeaways from the AGM were that Reliance will be launching its 4G broadband network in the next few months....
  • Centre worried over law and order in Uttar Pradesh: Kalraj Mishra June 18, 2014

    The Centre was worried over the law and order situation in Uttar Pradesh which had turned from "bad to worse" and awaiting the Governor's report on the issue, Union Minister Kalraj Mishra said on Tuesday. "Uttar Pradesh Government is elected in accordance with the Constitutional norms and so is the government...
  • Bengal to expedite land mutation for industrial purposes June 14, 2014

    Kolkata: With a view to expedite and aid mutation and conversion of land for industrial purposes, the West Bengal government will be setting up a Unique Clearance Centre (UCC) in several districts, Chief Minister Mamata Banerjee said Saturday. "Our focus is to set up a true investor-friendly ambience in the state....
  • Buyers have to wait for possession of Noida flats June 11, 2014

    Buyers of flats in some parts of Noida will have to mark time as the Supreme Court on Tuesday declined to interfere with an NGT order restraining the New Okhla Industrial Development Authority from issuing completion certificates in respect of structures falling within 10 km of the Okhla Bird Sanctuary. An...
  • Made in Munger: A Bihar 'cottage industry' trusted by criminals June 11, 2014

    Fine craftsmanship, attention to detail and the ability to produce exact imitations have made the illegal firearms industry of eastern Bihar's Munger district, a revered - if it can be called that - name in the world of crime. The clientele includes criminals from at least nine Indian states and...
  • ST/SC Land Commission may be formed for speedy disposal of pending land related cases June 4, 2014

    Jharkhand Industry and Tribal Welfare Minister, Champai Soren on Wednesday said he was contemplating to set up a land commission for ST/SC people for speedy disposal of pending land related cases. "We are contemplating to form an ST/SC Land Commission in the state to facilitate speedy disposal of land-related cases involving...
  • Industry condoles passing away of Gopinath Munde June 3, 2014

    New Delhi: Condolence messages poured in from India Inc following the sudden demise of Union Minister Gopinath Munde, who died in a road accident on Tuesday morning. "We are deeply saddened by the sudden demise of Gopinath Munde, Minister of Rural Development, Panchyati Raj & Drinking Water and Sanitation. We...
  • 'Ghaziabad industries to remain without power for a week' May 31, 2014

    Industries in Ghaziabad would remain without power for at least a week due to the damages in the transmission lines caused by Friday's thunderstorm, a local factory owner quoted state power corporation officials as saying. Vipin Agarwal, the general secretary of Site IV Industries Association, Sahibabad told IANS that when a...
  • Why music industry is optimistic about Apple-Beats deal May 31, 2014

    When Cortez Bryant decided to negotiate a headphones marketing deal for his clients Lil Wayne and Nicki Minaj a few years ago, he turned down more money from other more established companies to sign with Beats By Dre for a simple reason. "There was a bunch of history there, so at...
  • Happy with my portfolio, says Heavy Industries Minister Geete May 30, 2014

    Ratnagiri : Shiv Sena MP from Raigad and the Union Minister for Heavy Industries Anant Geete on Friday said he is happy with his portfolio. His party was earlier reportedly miffed with the portfolio offered to him by Prime Minister Narendra Modi. Geete took charge of the ministry on May 28. Talking...
  • Raghav Bahl quits Network 18 May 30, 2014

    New Delhi: Network18 Founder and Managing Director Raghav Bahl has quit the media group after agreeing to sell controlling stake to Mukesh Ambani-led Reliance Industries Ltd (RIL). A day after the deal was announced, Bahl in a letter to employees of the group said he and his wife Ritu are exiting...
  • Raising FDI limit in Defence will create more jobs, says Prakash Javadekar May 30, 2014

    New Delhi: Raising the FDI limit in the defence sector will help the country in creating jobs and being self-reliance in the military arena, Information and Broadcasting Minister Prakash Javadekar said on Friday. "I have been a member of Standing Committee on Defence and based on my experience, I can say...
  • A hot pizza delivery guy who wants to be paid in...Sodexo? This hilarious video busts the worst Indian porn stereotypes May 30, 2014

    Every cliche that you can imagine about the porn industry is getting busted in this video. The pizza delivery boy who does not get the drift when a housewife says she does not have cash but can pay him in other ways. The guy picking up a girl on the...