Business Fwire News - Page 28

Industry bodies write to Pranab on retrospective tax amendment

International Chamber of Commerce (ICC) and another industry body BIAC want to engage with the Finance Ministry to workout a solution to the issue.

Green nod likely to NTPC's project in Orissa

The decision was taken in the meeting of Expert Appraisal Committee held recently.

L&T commissions Reliance's 40 MW solar plant in Rajasthan

Leading engineering major Larsen & Toubro today said that it has commissioned the country's largest solar photovoltaic power plant of Reliance Power in Rajasthan with a capacity to generate 40 MW of power.

India-Qatar sign oil and gas pact, five other agreements

Prime Minister Manmohan Singh held talks with Qatar's Emir Sheikh Hamad bin Khalifa al-Thani on a range of issues, including boosting trade and investment as well as energy ties between the two countries.

ONGC awaits coal ministry's nod on UCG project

ONGC intends to take such UCG projects to other parts of Gujarat and Rajasthan provided the pilot project takes off.

Online jewellery retailers shine

There was a time when gold jewellery or diamonds and other precious stones were only bought from the trusted family jeweller. Now the trend is changing, with more people open to buying jewellery online.

Wal-Mart training women workers in India, China

The programme is part of Wal-Mart's Global Women's Economic Empowerment Initiative.

Over 80,000 new jobs in Canada, unemployment rate down

The unemployment rate of Canada is now down to 7.2 percent. Of the total new positions added, full-time jobs make up 70,000, Xinhua cited the agency as saying.

Govt to decide on aviation FDI soon

Allowing foreign airlines to pick up stake in Indian carriers would mark a major policy shift.

RIL-BP submits new plan to enhance gas production at KG-D6

RIL-BP propose to drill one gas production well on the MA oilfield in the eastern offshore or KG-D6 block besides intervention of jobs in at least two of the existing six wells on the fields, sources privy to the development said.

Infosys to set up second campus in Thiruvananthapuram

Infosys plans to set up more than 1 million sq. ft. of built-up space and to create employment for 10,000 engineers in the Technocity campus.

Singareni's Narsing Rao to head Coal India

The new chief will take over at a time when the mining monolith is battling a heap of problems.

BHEL's Tiruchirappalli unit expects Rs 17,251 cr revenue in FY13

In 2011-12, the unit achieved an all-time high turnover of Rs 14,600 crore and contributed almost one-third of the total BHEL corporate's revenue of Rs 49,301 crore.

CIL shares down 2 percent after Presidential directive

CIL shares opened weak and then fell 2.26 percent to an early low of Rs 335 on the BSE. It was later trading at Rs 341.40, down by 0.39 percent on the BSE at 1057 hours.

Pay more for your vanilla Ice cream!

Trade journal The Grocer said Mexico and India have suffered poor crops this year. That has paved the way for traders to stock up early on the unaffected crop from Madagascar which produces around 2,000 tonnes of black vanilla a year.

Swiss International Hotels announce foray into India

The 30-year-old Swiss hospitality brand is targeting 50 hotels in the 3 star, 4 star and 5 star categories across India and South Asia by 2017. About 6,000 hotel rooms will be added, company officials said.

SAIL pays Rs 425.36 cr interim dividend to government

Since inception, SAIL has paid Rs 9,392 crore dividend, including Rs 8,092 crore to the government, besides Rs 1,342 crore dividend tax.<br /><br />

Starbucks plans faster expansion to capture growing Chinese market

John Culver, president of Starbucks China and Asia Pacific, said the coffee chain was planning to move faster into smaller cities in the second largest economy in the world, <em>People's Daily</em> reported Tuesday.

Kerala youth modernises coconut plucking into a hi tech profession

While many youngsters looked down upon coconut plucking as a less-esteemed career, Selvin from Changanassery has opted for it with "career pride and pleasure"

Piramal to raise R&D spend to Rs 200 cr for cancer drug trials

Piramal Healthcare sees a timeline of three to four years for the first two molecules to get commercialised

IVRCL soars on bagging Rs 4081 cr orders

IVRCL Group on Monday said it had bagged orders worth Rs 4,081 crore in buildings, transportation and thermal power plant segments.

Ranbaxy resumes export of generic Lipitor after 4 years

Analysts said Ranbaxy would have to boost sales for the operation to become cost effective.

General Motors posts 13 percent rise in March sales

Great demand for the Beat and Tavera has boosted our performance in General Motors in March.

HCL Info expands global footprint with Qatar ops

With the launch of operation in Qatar, HCL Infosystems Middle East and Africa (MEA) aims at establishing a foothold to fully implement its expansion plans in the region.

Toyota sales jump 87 percent in Jan-March quarter

he company, however, has also said the demand next month could be impacted due to the increase in excise duty, registration tax and VAT

Foxconn chairman pledges to keep raising pay

Foxconn Technology Group will keep increasing worker salaries in China and cutting work hours, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads.

Audi car sales rise 47 percent in March quarter

During January-March period of 2012, the luxury car maker sales rose by 41 per cent to 2,269 units from 1,611 units in the year-ago period

Japan says Yes to US nominee to head World Bank

Jim Yong Kim, a physician and anthropologist, was named by the Obama administration in March as the US pick to succeed Robert Zoellick when he steps down in June.

Essar Oil gains 3 percent on completion of Vadinar refinery expansion

The Rs 8,300-crore expansion of the Vadinar oil refinery in Gujarat will boost Essar Oil's turnover by 30-35 percent and improve margins.

Adani raises $1.25 bln refinancing loan: sources

Adani Ports and Special Economic Zone has raised $1.25 billion in non-recourse funding from a group of Australian and Asian lenders to help refinance a $2 billion bridging loan due in May.