India Business News

Sat, 05 Jul 2008
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'Foreigners need RBI nod to buy property in Tamil Nadu'

The Tamil Nadu government Saturday said citizens of eight countries, including Sri Lanka and Pakistan, would need the Reserve Bank of India's (RBI) clearance before buying property in the state.

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Fishermen protest Sri Lankan Navy's 'atrocities'

This fishing town on the east coast of Tamil Nadu wore a deserted look Saturday as hundreds of fishermen went on an indefinite strike to protest 'atrocities' and 'attacks' by Sri Lanka's navy.

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After synthetic juice, doctors' body endorses chewing gum

The Indian Dental Association (IDA) has endorsed a brand of chewing gum, saying it improves oral health, weeks after the Indian Medical Association courted controversy for promoting a synthetic juice brand of Pepsi.

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Power tariffs soar in Punjab

The Punjab State Electricity Regulatory Commission (PSERC) announced an increase of 8 to 11 paise per unit in the power tariffs for both domestic and industrial consumers in the state.

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Kingfisher likely to buy into SpiceJet

UB Group chairman Vijay Mallya is in talks with two major share holders of New Delhi-based low cost carrier SpiceJet to buy the airline.

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Distillery by-product helps increase milk production

Liquor may be bad for health but its by-product from a newly established distillery in Punjab's border district of Gurdaspur is proving a boon for farmers in the area.

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Amar Singh mounts attack on Chidambaram, Deora

The Samajwadi Party, which is expected to extend outside support to Prime Minister Manmohan Singh's government, Saturday stepped up its attack on Finance Minister P. Chidambaram and Petroleum Minister Murli Deora.

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Land conversions made simpler in Gujarat

The state government has come out with a new policy that will make it easy to convert agricultural land to commercial non-agricultural land.

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Percept Picture to release 'Hancock' in India

After successfully releasing 'Spiderman 3' in India last year, Percept Picture Co (PPC) has acquired distribution rights of yet another Hollywood movie 'Hancock' to be screened July 11 in the country.

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Indian for top slot in global food body

Agricultural and Processed Food Products Export Development Authority (Apeda) director Sanjay Dave has become the first Indian to be elected the vice-chair of Codex Alimentarius Commission (CAC), an international body with 170 member countries.

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Ancient Indian farming technique picks up in mango belt

Four years ago, when a Lucknow-based horticulture institute floated the idea of homa-farming, cultivators in the mango belt of Kakori and Malihabad adopted it in droves.

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Indian equity markets fall for seventh consecutive week

Indian equity markets recorded their seventh consecutive week on the decline, due to rising crude oil prices, inflation worries and looming political uncertainty. Out of the five trading sessions in the week, three ended in the negative.

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With only two hits in six months, Bollywood loses Rs.1.5 bn

The year is halfway through, but Bollywood has very little to cheer about. More than Rs.3 billion ($70 million) has gone into making films, but half of the amount sank beyond recovery.

Fri, 04 Jul 2008
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Hunter Douglas gallery debuts in Surat

Hunter Douglas, a market leader in window coverings and manufacturer of architectural products, unveiled Friday its first gallery here.

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Transporters call off strike, trucks back on road

Truck owners called off their nationwide strike early Friday after reaching an agreement with the government to lower service tax and provide unbranded diesel.