Asked about the US reaction to the issue, Roemer said the US President is a real believer in the democratic process and knows that everyone cannot agree on every single issue, especially strategic issues.
UB Group will consolidate its foreign alcohol assets ahead of an overseas listing of the brands, the Economic Times reported on Monday.
Malaysian long-haul budget carrier AirAsia X will stop flying to Europe and India from its Kuala Lumpur base due to soaring taxes and higher jet fuel prices
Big Wall Street and European banks are looking to slash budgets across Asia, as the emerging market promise is trumped by an urgent need to control costs.
Cash-strapped UK parent of Thomas Cook India has decided to sell its Indian arm to raise money to help its troubled global operations, the Economic Times reported on Thursday.
In a move to help cash-starved airlines like Kingfisher, the Industry Ministry is pitching for exemption of the sector from Sebi's takeover code.
Expressing concern over inadequate availability of water for industries, Ficci today said the problem is likely to increase in the coming years.
Home Minister P Chidambaram today said India's trade with China is booming and there is nothing to envy the country, rather it should be emulated.
The government may soon notify 100 percent foreign direct investment in single-brand retail, paving the way for global chains like Adidas, Nike, Louis Vuitton, Hermes and Gucci to have full ownership of their India operations.
Renault has big plans for India in the current year, be it new launches, opening showrooms or ramping up production capacity.
Tata Motors has earmarked Rs 30 billion as capital expenditure for the financial year beginning on 1 April, a senior official said on Friday.
India's largest motorcycle maker, Hero Motorcorp remains optimistic about continuing their double digit growth in the coming fiscal year.<br /><br />
Home grown auto major Mahindra & Mahindra will be unleashing six new vehicles by the end of the next fiscal.
The country's largest car maker Maruti Suzuki India (MSI) today said it is considering increasing the prices of its products.
On December 30, the Ministry had announced a hike in export duty from 20 per cent to 30 per cent on all types of iron ore grades.
The bank said rupee valuations that are close to 2009 lows look attractive but are more reflective of the currency's poor fundamentals.
Brokerage CLSA has upgraded India's No. 2 software services exporter Infosys to 'outperform' from 'underperform', saying the company is best placed to capitalise on the weak rupee.
Asian factory output remained weak in December, with Chinese manufacturers narrowly avoiding contraction and South Korea's industrial production shrinking the most in almost three years.
As the second home phenomenon gains currency in the Mumbai-Pune-Nashik belt, realty player Eiffel Group has earmarked Rs 300 crore for the next three years to launch more projects in 'Maharashtra's 'golden triangle'.
His comments followed the release of data which showed that the overall inflation remained close to the double-digit mark, at 9.72 percent, in September on account of costlier food products, fuel and manufactured goods.<br /><br />
Taking the fight against black money to global level, India will impress upon the G-20 nations to persuade tax havens to do away with their secrecy laws and adopt mechanism for automatic sharing of taxation and banking data.
The Cabinet approved the introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011, in the next Winter Session of Parliament, Information and Broadcasting Minister Ambika Soni told reporters here.
The Reserve Bank of India's (RBI) chief said that the rupee has depreciated "quite significantly" in the last few months pushing up import costs.
Rise of high networth individuals (HNIs) in the country is getting affected in the 'high inflation.
Operating cost of MNC research and development (R&D) centres in India is 25 per cent lower compared to China, according to a report unveiled today by global advisory firm Zinnov Management Consulting.
Reserve Bank has already notified interest subsidy of two percent for handicrafts, handlooms, carpets and small and medium exporters.
Food price index rose 9.32 percent and the fuel price index climbed 15.10 percent in the year to 1 October, government data on Thursday showed.
The Indian rupee eased by 3 paise to Rs 48.98 per dollar in early trade today on mild demand for the American currency from importers.
The verification will help the Income Tax Department to go into the source of funding of high-value transactions like purchase of shares, mutual funds, bonds and property.
Mukherjee, however, declined to comment on the extent to which the subdued IIP numbers will impact the economic growth during the July-September quarter (Q2) of this fiscal.