Bharti Airtel partners with US firmNEW DELHI - Telecom major Bharti Airtel has partnered with US-based network equipment maker Cisco Systems to offer services for small, medium and large enterprises. Stocks jump as investors continue rally into second day; weak dollar fans commoditiesNEW YORK — Investors rushed into stocks for a second day amid signs that the global economy is recovering and as a weak dollar pushed up prices of commodities. Net tax collections up 3.69 percent this fiscalNEW DELHI - Net direct tax collections during the first half this fiscal grew 3.69 percent from the corresponding period last year, the Central Board of Direct Taxes (CBDT) said Tuesday. Government cautions taxpayers against fake refund emailNEW DELHI - Five days after a fake email notice that purports to come from the Income Tax Department started making the rounds among taxpayers, the government Tuesday cautioned them, saying it had not sent any such emails. Administration officials say Iran will be punished if it doesn’t cooperateWASHINGTON — Administration officials told impatient lawmakers Tuesday that they are ready to take swift and substantial action against Iran if it disregards current diplomatic efforts to stop its alleged nuclear weapons program. Zimbabwe’s President Robert Mugabe calls for fresh start in relations with WestHARARE, Zimbabwe — President Robert Mugabe called Tuesday for a new start to relations with those Western countries he has spent years insulting for their criticism of his leadership. Delhi Metro to recover Phase-I cost by 2011NEW DELHI - Delhi Metro announced Tuesday that it would recover the Rs.105.71 billion (Rs.10,571 crore) spent on its presently operational network by 2011, two years ahead of target. Report that oil producers may move away from dollar sends US currency close to year lowsLONDON — The dollar fell Tuesday towards year lows against the euro and the yen after a report that Arab states and other countries were contemplating an end to the U.S. currency’s role in the pricing oil. Harman International opens new office in IndiaNEW DELHI - US-based audio product maker Harman International Industries Tuesday said it has opened its new group office in India. Stocks jump in morning trading as investors continue rally into second dayNEW YORK — Stocks rose in morning trading Tuesday as investors built further momentum amid fresh signs the global economy is recovering. CIL production up, but profit before tax declinesKOLKATA - Coal India Limited (CIL), the country’s biggest miner, saw its gross profit dip by about 20 percent in the first half of the current fiscal despite a 9.9 percent leap in production, according to the figures it released Tuesday. Poor will continue to bear impact of crisis: MukherjeeISTANBUL - Finance Minister Pranab Mukherjee Tuesday said the adverse effects of the financial crisis will continue to hit the poor for several more years as many developmental programmes suffered serious setback during the crisis. Powerless Punjab offers major sops in industrial policyCHANDIGARH - Punjab’s scheduled and unscheduled power cuts may have made people weary but the state government Tuesday announced Punjab’s new industrial policy, lining up a slew of concessions to attract investment in the state. Jurong to prepare master plan for Bengal auto parkKOLKATA - The West Bengal government has appointed Jurong Consultants India to prepare the master plan for the state’s first auto component park in Guptamoni of West Midnapore district. Land takeover delays may cost projects worth $100 bn: ReportNEW DELHI - Prolonged delays in acquiring land for industrial projects could endanger potential investments worth $100 billion in India, according to an industry lobby report. European Commission wants total overhaul of research policy to close gap with US, othersBRUSSELS — European authorities and industry must increase funding for scientific research and improve cooperation to try to close the technology gap with the United States, the European Commission said Tuesday. Gov’t: Consumers can expect to pocket as much as $105 in winter heating bill savingsWASHINGTON — There’s good news for people worried about winter heating bills. Suzlon bags order from Turkish firmMUMBAI - Wind turbine manufacturer Suzlon Energy Tuesday said it has bagged an order from Turkey-based Ayen Enerji to supply and install 27 turbines. Gulf states moot replacing oil trade currency, India interestedLONDON - Gulf countries have begun secret talks with China, France, Japan and Russia to replace dollar dealings for oil with a basket of currencies, a newspaper reported Tuesday. Indian business team heads for Iran to explore beyond oilNEW DELHI - In a bid to look for bilateral economic ties that go beyond the energy sector, a 10-member business delegation is visiting Iran on a three-day mission starting Tuesday, coinciding with the Tehran International Fair. Goa to see surge in tourists from KazakhstanPANAJI - Apart from Russians, a distinct Kazakh flavour will be added to Goa’s tourism this season with several charter flights already booked to ferry tourists from Kazakhstan. Sensex recoups losses, closes 92 points up (Roundup)MUMBAI - A key index of the Indian equities markets Tuesday climbed back into the green after ruling in the negative for most of the day. It shut shop 92 points higher than its previous close. Air India suspends pilot, purser for mid-air scuffleNEW DELHI - State-run Air India Tuesday suspended a pilot and a flight purser who were involved in a midair scuffle Saturday aboard an international flight from Sharjah to Delhi, and put off duty the co-pilot and air hostess concerned. Education, skill training imperative for reducing poverty: StudyNEW DELHI - Quality secondary education and skill-based training are critical in breaking the poverty cycle in which millions of Indian families are caught up, a World Bank study said Tuesday. Chola MS ties up with Tamil Nadu banks to sell insuranceCHENNAI - Private non-life insurer Cholamandalam MS General Insurance Tuesday announced a tie-up with Tamil Nadu State Cooperative Bank to sell its products through two district cooperative banks. Netmagic unveils green data centre in ChennaiCHENNAI - India’s leading managed IT services provider Netmagic Solutions Tuesday unveiled its “green” data centre here to offer a range of third-party services in the tech infrastructure space. Srei Equipment Finance plans to disburse Rs.7,500 croreKOLKATA - City-based non-banking financial company Srei Equipment Finance hopes its loan disbursement would grow to Rs.7,500 crore this fiscal from Rs.5,500 crore in 2008-09 as the construction equipment industry is picking up. States must play catalytic role in food processing sector: PMNEW DELHI - The state governments need to play a catalytic role in the country’s food processing industry so that the small and unorganised players in this sector become competitive in the world market, according to Prime Minister Manmohan Singh. World Bank taps IGNOU to boost eco-friendly farmingNEW DELHI - The Indira Gandhi National Open University (IGNOU) has bagged a World Bank project worth over Rs.10 million to train agricultural researchers to boost eco-friendly farm productivity. UK manufacturing down on the month in August, but car registrations, house prices riseLONDON — Manufacturing output in the United Kingdom fell during August, official statistics showed Tuesday, overshadowing more upbeat data on house prices and car sales and suggesting economic recovery will be slow. |
Topics
Poll Loading ...Latest TweetsEconomy
Latest Friend FeedsEconomy
|
