Business

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The global auction for 3G spectrum is likely to be taken up by the next government with the telecom department today saying that it is difficult to start the auction process before the general elections commence in mid-April.

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The government on Thursday informed the Rajya Sabha that about 20,000 Indians had returned home after losing their jobs overseas owing to global recession and economic meltdown.


BJP picks holes in UPA's economic policy

Times of India  26.02.2009
BJP picks holes in UPA's economic policy

Opposition BJP on Wednesday demanded a probe into unchecked flow of money from foreign institutional investors (FIIs) into the stock market, saying a thorough inquiry should be conducted into how "naked short-selling" and Participatory Notes (P-no...

CBD to come up in five years

Times of India  25.02.2009
CBD to come up in five years

The Central Business District (CBD), the dream project of Punjab government, coming up on 250 acres of land in Sector 62, would bring job opportunities for around 40,000 and earn revenue of 10,000 crores per annum for the state. This was announced...


Bihar witnesses impressive growth in three sectors

The economic survey for 2008-09 tabled by deputy CM Sushil Kumar Modi in the Bihar assembly on Tuesday has shown impressive growth rates in three sectors in the state - construction (21.53%), communications (16.01%) and trade, hotels and restauran...

Pranab: more steps to boost economy

Sujay Mehdudia Hindu  20.02.2009
Pranab: more steps to boost economy

Though the country is yet to fully feel the impact of the global slowdown and recession, the government will take more steps in the coming weeks to boost the economy. However, it will not go slow on talks on trade agreements with various countries.


MP's collapse raises flutter amid insipid budget proceedings

As budgets go, Monday's affair was rescued from complete drudgery by a flutter caused by JD(S) MP Veerendra Kumar who suddenly took ill in the midst of finance minister Pranab Mukherjee's speech.

Mayawati again rakes up issue of UP's division

Keeping an eye on the impending Lok Sabha polls, chief minister Mayawati on Monday once again raised in the Vidhan Sabha the issue of trifurcation of UP into three more states - Poorvanchal, Paschimanchal or Harit Pardesh and the Bundlelkhand.


Indian Railways revenues jump 3.17%

The Economic Times 11.02.2009
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Indian Railways has posted a 13.17% increase in its earnings in April-January 2009 at Rs 64,876.34 crore compared to Rs 57,327 crore in the corresponding period last year.

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Indian corporate bond yields rose on Tuesday, on concerns that 460 billion rupees of additional government borrowing may crowd out corporate borrowers.


Airlines make about turn in downturn, jack up fares

Smita Aggarwal & Shashank Shekhar Indian Express 11.02.2009
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The ultra-low airfares that you paid in January have vanished into where they had come from: thin air.

Ban on Chinese toys may not hold at WTO

Rituparna Bhuyan Business Standard 11.02.2009
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India’s move to ban import of Chinese toys may not be compatible with the World Trade Organization (WTO) rules.


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7.1 and not out. The Indian economy will turn in the second-fastest growth rate in the world — after China’s 8% — for 2008-09, according to the advance estimates of national income released by the Central Statistical Organisation (CSO).

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The Indian rupee opened steady Tuesday but weakened immediately afterwards, as the greenback firmed against world peers, particularly the euro.


‘Vaccines shortage owing to withdrawal of licence’

NEW DELHI: The Government on Wednesday admitted that withdrawal of licence to three manufacturing units in Kasauli, Coonoor and Chennai has hit the availability of vaccines in the country but assured that efforts were being made to overcome the sh...

Investor angst takes its toll on Satyam; shares down 30%

MUMBAI: Shares of Satyam Computer were at the receiving end of investors' angst over a planned deal to enter the real estate business.


Foreign firms can participate in 3G auction

Neha Malik TopNews 16.12.2008
Foreign firms can participate in 3G auction

The department of telecommunications (DoT) has said that foreign telecom firms can participate in the bidding process of third generation (3G) phone services without a local partner. The foreign telecom firms should follow the laws which permit a ...

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Indian Labour Minister on Monday said that the Indian workers losing jobs to receive wages for six months under the Rajiv Gandhi Suraksha Yojna social security scheme. Addressing the Lok Sabha, Oscar Fernandes said that this scheme has been introd...


Negative industrial growth in 15 years

Ashok Dasgupta The Hindu 13.12.2008
Negative industrial growth in 15 years

NEW DELHI: After a gap of 15 years, the country’s industrial growth has slipped into negative territory with a 0.4 per cent year-on-year decline in October 2008.

Taj hotel to reopen Dec 21

The Economic Times 13.12.2008
Taj hotel to reopen Dec 21

MUMBAI: The Taj Mahal Palace & Tower Hotel announced on Saturday that it will reopen Dec 21, exactly 25 days after it was targeted by terrorists who India says came from Pakistan.



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