Business
India can grow 8-9 percent despite challenges: Montek
New York, May 18 (IANS) India can grow at 8 to 9 percent for the next 20 years despite many domestic challenges, Indian Planning Commission's Deputy Chairman Montek Singh Ahluwalia said and urged the international community to take supportive measures like resolving the European sovereign debt problem and concluding the Doha Round of trade libralisation talks early to achieve this.
[Business] Akhilesh government takes ahead Agra-Lucknow Expressway project
Lucknow, May 18 (IANS) Keeping with its promise of giving fresh impetus to infrastructure in the state, the Akhilesh Yadav-led Uttar Pradesh government has expedited work on the ambitious Agra- Lucknow Greenfield Expressway project and has selected a consultant for the project. ...[Business] Air India losses mount to Rs.200 crore as crisis continues
New Delhi/Mumbai, May 18 (IANS) The crisis in Air India raged on for the 11th day Friday and the national carrier's losses mounted to Rs.200 crore as the impasse between agitating pilots and the management continued. ...[Business] RBI to defend rupee from falling further
Mumbai/Kolkata, May 18 (IANS) The rupee recovered after falling to its third straight daily record low against dollar Friday and the Reserve Bank of India (RBI) promised more intervention to curb any future slide. ...[Business] India boosts presence in West Africa with trade, cooperation
By Francis Kokutse Accra, May 18 (IANS) India's footprint is growing in West Africa, especially in two main players in the region, Nigeria and Ghana, with increased trade across sectors and cooperation in various other fields. ...[Business] Australian mining giant squirms at India's slow growth
By Rekha Bhattacharjee Sydney, May 18 (IANS) The unexpected slowdown in the Indian economy is creating ripples in Australia as a mining giant has expressed concern over the slackening iron ore demand from India. ...[Business] Rupee slide continues: hits new low of 54.60 against dollar
Mumbai, May 17 (IANS) The Indian rupee fell to a new record intra-day low for the second session in a row Thursday, despite the Reserve Bank of India's intervention, as global as well as domestic outlook remained grim. ...[Business] Court declines plea of Air India pilots
New Delhi, May 17 (IANS) The Delhi High Court Thursday refused to entertain a plea of striking Air India pilots who wanted to continue their protest over their career progression plan, and said contempt of court proceedings could be initiated against them if they "willingly and flagrantly" disobey its orders. ...[Business] Ajit Singh calls Air India unions for talks
New Delhi/Mumbai, May 17 (IANS) Civil Aviation Minister Ajit Singh Thursday called all Air India unions for talks next week in a bid to end the 10-day pilots' strike that has seen the airline's losses mounting to Rs.188 crore. ...[Business] Rupee recovers from record low; Sensex up
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low of 54.52 against the dollar due to selling of the American currency by banks. ...[Business] Where to stock bumper harvest? Punjab, Haryana in quandary
By Jaideep Sarin Chandigarh, May 17 (IANS) Ironic as it may sound, this season's bumper harvest and wheat procurement in Punjab and Haryana -- the country's food grain bowls -- have left the two states happy as well as concerned. ...[Business] Cracks among pilots, only one flight cancelled
New Delhi/Mumbai, May 16 (IANS) Cracks appeared among the striking Air India pilots Wednesday as some of them returned to work and the management said it expects more to follow. ...[Business] AI's contingency plan in place, only one flight cancelled
New Delhi/Mumbai, May 16 (IANS) Air India Wednesday implemented its contingency plan to salvage its international operations by clubbing flights to destinations in Europe and the US as the pilots' strike continued for the ninth day, leading to cancellation of only one flight. ...[Business] Air India tries to stabilise operation, scraps 10 more flights
New Delhi/Mumbai, May 15 (IANS) Air India Tuesday tried to stabilise its international operations by clubbing flights to destinations in Europe and the US as the pilots' strike continued for the eighth day, leading to cancellation of 10 more flights. ...[Business] India decides to cut Iran crude imports by 11 percent
New Delhi, May 15 (IANS) In the face of US sanctions on Iran, India has decided to reduce crude oil imports from the gulf nation by 11.1 percent to 15.5 million tonnes during the 2012-13 fiscal, Parliament was informed Tuesday. ...[Business] Sensex bounces back, closes 112 points up
Mumbai, May 15 (IANS) After falling in five consecutive sessions, a benchmark index for Indian equities market returned to the positive terrain Tuesday, closing over 112 points up as the rupee stabilised and buying picked up in capital goods, metal and IT stocks. ...[Business] CAG slams Department of Space for Antrix-Devas deal
New Delhi, May 15 (IANS) The government auditor has slammed the Department of Space for sealing the Antrix-Devas deal saying it was "a classic case of public investment for private profit". ...
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