Business

RBI infuses Rs 84000 crore

Prabhakar Sinha The Times of India 20.09.2008
RBI infuses Rs 84000 crore

NEW DELHI: Following the footsteps of central banks of developed countries like US, UK, Japan and Switzerland, among others, which are infusing liquidity to pep up the banking system, Indian central bank, RBI has also decided to pump in around Rs ...

Nano effect: US team cancels city visit

Sumali Moitra The Times of India 19.09.2008
Nano effect: US team cancels city visit

KOLKATA: In a major blow to Bengal’s overseas image, an influential US-India Business Council (USIBC) delegation has cancelled its two-day visit to Kolkata because of the Singur controversy. The visit was scheduled to begin on September 21.


Indian economy resilient enough to stave off any spillover: FM

Gaurav Choudhury Hindustan Times 19.09.2008
Indian economy resilient enough to stave off any spillover: FM

Finance Minister P Chidambaram on Thursday allayed fears over the global financial turmoil, saying the Indian economy is resilient enough to stave off any spillover.

PATA Travel Mart 2008 kicks off in Hyderabad

The Pacific Asia Travel Association (PATA) Travel Mart kicked off in Hyderabad yesterday. The event was formally inaugurated by Union Tourism and Culture Minister Ambika Soni and Anam Ramnarayan Reddy, Minister of Tourism, Government of Andhra Pra...


Now, headhunters target Lehman's top management in India

Deepshikha Monga & Vivek Sinha Economic Times 18.09.2008
Now, headhunters target Lehman's top management in India

NEW DELHI: The phone hasn’t stopped ringing for Lehman Brothers’ top brass in India and the calls are not from sympathisers — headhunters and rival companies are chasing the top management of the bankrupt investment banking firm with job offers.

AIG's India operations, banking system sound: Chidambaram

The Indian operations of the US-based financial services giant American Insurance Group (AIG) are sound and so is the case with domestic banks, Finance Minister P. Chidambaram said in New Delhi on Thursday, against the backdrop of the current glob...


Karnataka offers 1000 acres for Nano

Press Trust of India 18.09.2008
Karnataka offers 1000 acres for Nano

Bangalore, Sep 18 (PTI) Amid uncertainty over Tatas' Nano project in West Bengal, Karnataka government today offered 1,000 acres of land in case the company decides to relocate its Nano car project.

TRAI plans to prevent WiFi abuse

Economic Times 17.09.2008
TRAI plans to prevent WiFi abuse

NEW DELHI: With terrorists using unsecured wireless fidelity (WiFi) networks to shoot off emails every time they carry out bomb blasts, TRAI is examining a series of measures to have security processes in place to protect such networks.


Aiyar urges private sector to invest more in North East region

The North East Business Summit Chairman and Minister for Development of North East Region (DoNER) Mani Shankar Aiyar urged the private sector to take greater interest in the region.

JWT creative head quits

The Times of India 16.09.2008
JWT creative head quits

MUMBAI: Agnello Dias, better known as 'Aggie' in advertising circles, has called it a day at leading advertising agency, JWT, where he played a significant role in building the creative process over the last three years.


AMD Provides ‘eGovernance’ Infrastructure to West Bengal Govt.

AMD has recently announced the deployment of its Athlon X2 dual-core processor based desktops by the West Bengal Government as a part of its Gram Panchayat eGovernance Project. The project which was initiated by the Panchayat Raj and Rural Develop...

ADB lowers India's economic growth forecast to 7.4 per cent

Prompted by ongoing global financial turmoil and weakened investment outlook, the Asian Development Bank today lowered India's economic growth forecast for the current financial year (2008-09) to 7.4 per cent from earlier projection of 8 per cent.


Bankruptcy won't affect us: Finmin

Economic Times 16.09.2008
Bankruptcy won't affect us: Finmin

NEW DELHI: The markets might have tanked in the wake of Lehman Brothers’ collapse and Merrill Lynch’s sale to Bank of America, but the Indian government is putting up a brave face. The government believes the bankruptcy filing by America’s fourth-...

Tata Motors backs new Singur package

Business Standard 15.09.2008
Tata Motors backs new Singur package

The world’s cheapest car, the Nano, may still roll out from Singur with Tata Motors today expressing hope that the West Bengal government’s new rehabilitation package will evoke a positive response from unwilling land-losers who had refused compen...


WB govt raises land compensation by 50 pc for Singur farmers

Kolkata: The West Bengal government on Sunday offered greater financial assistance to those affected by Tata Motors car project in Singur to buy peace but the opposition did not agree to it.

Trinamool may be divided over Buddha’s Singur package

KOLKATA: The Buddhaeb government’s latest Singur package offering 70 acres within the Nano complex, a higher compensation to landlosers, including jobs and development projects has virtually taken the wind out of Mamata’s sails.


3G Test-launch in Delhi come September

According to a statement by the Department of Telecom (DoT) yesterday, the state-owned telecom service provider, MTNL, will trial-launch its 3G services by the end of September this year.

Every village to have public telephone service by 2009-end

NEW DELHI: Every village in India is expected to have public telephone service by 2009-end, as state-owned BSNL has started installing public telephones in the remaining 50,000 villages following a go-ahead from DoT.


India approves satellite navigation project

NEW DELHI, Sept. 11: For providing seamless navigation over Indian airspace and waters, the government today approved implementation of Rs 774-crore Global Positioning System (GPS) aided Geo Augmented Navigation (Gagan) project. This project invol...

Bad news from Australia on uranium front

Ashok Kumar Economic Times 12.09.2008
Bad news from Australia on uranium front

NEW DELHI: A day before bilateral talks with external affairs minister Pranab Mukherjee, Australian foreign minister Stephen Smith ruled out any change in his government’s policy of not selling uranium to India.



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