Business

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Maruti’s Manesar plant workers observe tool-down strike

Written on 28 Jul, 2011 at 17:21 in Business | viewed 596 times | 0 Comments

New Delhi: Production at Maruti Suzuki India’s Manesar plant was disrupted today afternoon when workers went on a tool-down strike protesting against the suspension of five colleagues. The workers resorted to a one-hour stir resulting in production loss of about 50... (Continue reading)

Food inflation at 20-month low of 7.33% for week ended July 16

Written on 28 Jul, 2011 at 15:00 in Business | viewed 360 times | 0 Comments

New Delhi: Food inflation fell to its lowest level in 20 months at 7.33 per cent for the week ended July 16 on the back of cheaper pulses, even as other items grew more expensive. Food inflation, as measured by Wholesale... (Continue reading)

Govt making relentless efforts to deal with black money:Pranab

Written on 27 Jul, 2011 at 18:08 in Business | viewed 492 times | 0 Comments

New Delhi: Amid public outcry over black money, Finance Minister Pranab Mukherjee today said the government was making “relentless” efforts to deal with the menace and bring back unaccounted funds stashed abroad. “Our strategy is to get information (about funds stashed... (Continue reading)

Maruti ties up with IMI for management courses for executives

Written on 27 Jul, 2011 at 13:28 in Business | viewed 885 times | 0 Comments

New Delhi: The country’s largest car-maker Maruti Suzuki India today joined hands with International Management Institute (IMI) for a part-time diploma course for its executives. According to a Memorandum of Understanding signed between the two organisations, Maruti Suzuki India (MSI) will... (Continue reading)

RBI raises interest rates by 50 basis points

Written on 26 Jul, 2011 at 11:38 in Business | viewed 557 times | 0 Comments

Mumbai: The Reserve Bank of India, on Tuesday, in its quarterly credit policy review raised the interest rates by 50 basis points. The RBI also riased the inflation target to 7 per cent from 6 per cent projected earlier. The Central Bank... (Continue reading)

Another rate hike feared in central bank’s policy review Tuesday

Written on 25 Jul, 2011 at 11:33 in Business | viewed 571 times | 0 Comments

Mumbai: All eyes will be on the Reserve Bank of India (RBI) as it takes up a review of the monetary policy Tuesday, with most fearing that the country’s apex bank will raise interest rates once again. If it does that,... (Continue reading)

Hero Honda to reveal new brand identity in London on Aug 9

Written on 23 Jul, 2011 at 15:01 in Business | viewed 2,393 times | 1 Comment

New Delhi: The country’s largest two-wheeler maker Hero Honda will reveal its much-anticipated global brand identity in London on August 9, as it takes the first major step of establishing its new image after going solo following erstwhile Japanese promoter... (Continue reading)

CoS recommends 51% FDI in multi-brand retail

Written on 22 Jul, 2011 at 21:27 in Business | viewed 518 times | 0 Comments

New Delhi: The Committee of Secretaries today recommended allowing 51 per cent FDI in the multi-brand retail, with a rider that the foreign investment should be at least USD 100 million. “The Committee of Secretaries (CoS), which met under the Cabinet... (Continue reading)

Chennai-based Edserv in tie-up with Blackberry

Written on 22 Jul, 2011 at 11:09 in Business | viewed 34,388 times | 1 Comment

Tiruchirappalli: Eyeing leadership status in the mobile education space, Chennai-based education support services Company EdServ has tied-up with Blackberry to provide online education content on smartphones. EdServ’s wide range of educational content on its flagship education portal, www.lampsglow.com, will now be... (Continue reading)

Cabinet clears merger of SBICI with SBI

Written on 21 Jul, 2011 at 14:38 in Business | viewed 2,597 times | 0 Comments

New Delhi: The government on Thursday approved merger of State Bank of India Commercial and International Bank Ltd (SBICI) with its parent bank SBI. SBICI, with two branches, is a wholly owned subsidiary of State Bank of India (SBI) and functions... (Continue reading)