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Renault to increase prices from next month

Monday, 22 December 2014 14:56
New Delhi: Automobile manufacturer Renault India Monday said effective Jan 1, 2015, it will increase prices of its vehicles up to 2.5 percent due to rising input costs. “So far we have absorbed the rising input costs, but a sustained…

SpiceJet starts automated system to help passengers

Saturday, 20 December 2014 17:00
New Delhi: SpiceJet Saturday said that it has pressed into service an automated disruption management system to enable passengers reschedule flights or get refund on their cancelled flights.The airline said that customers whose flight has been cancelled can avail the…

Bankers to strike work for five days in January

Saturday, 20 December 2014 10:31
Chennai: Unions in the banking sector have announced five day strike next month to demand early resolution of their wage hike negotiations, said the All India Bank Employees'Association (AIBEA).In a statement issued here Saturday, AIBEA said the United Forum of…

India's EXIM Bank for project development company with AfDB

Tuesday, 11 March 2014 14:48
New Delhi: The Export-Import Bank of India (EXIM) is planning to set up a project development company with the African Development Bank (AfDB) to encourage public-private partnership (PPP) projects in Africa, Yaduvendra Mathur, chairman and managing director of the export…

Sensex closes flat after touching new high

Tuesday, 11 March 2014 10:32
Mumbai: Led by strong buying support from foreign funds, a benchmark index of the Indian equities markets Monday broke the 22,000-point barrier in a new record high. The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE) closed…

Domestic car sales up 1.39 percent in February

Tuesday, 11 March 2014 10:31
New Delhi: Sale of domestic passenger cars grew marginally by 1.39 percent in February, industry data showed Monday.Data furnished Monday by the Society of Indian Automobile Manufacturers (SIAM) showed that 217,749 units were sold in the month under review as…

'Indian private sector can partner Republic of Congo economy'

Monday, 10 March 2014 19:26
New Delhi: Indian companies can play a key role in the Republic of Congo's march towards becoming an emerging economy by year 2025, a senior minister of the central African country said here Monday."Indian companies could partner the Republic of…

India Inc. to use third country funds for Africa growth

Monday, 10 March 2014 19:24
New Delhi: India Inc. Monday said it can help build infrastructure and expand growth in Africa by using cheap funds from third countries like Japan and Singapore."Patient capital funds from Japan can be ustilised in Africa. Singapore can be another…

Indian lines of credit help Ethiopia build sugar and power sectors

Monday, 10 March 2014 19:22
New Delhi, March 10: Lines of Credit worth more than $1 billion extended by India to Ethiopia have helped the landlocked country build its sugar and power industries and rail network, Ambassador Gennet Zewide said here Monday.These three sectors together…

Commerce ministry adds new Line of Credit for Africa

Monday, 10 March 2014 10:58
New Delhi, March 9: A new Exim Bank Line of Credit for Africa has been introduced to speed up infrastructure project development in the continent, Commerce Minister Anand Sharma said here Sunday."We've also introduced another Line of Credit, added to…