K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new ... More » Road building revival offers rare hope for India infrastructure overhaul

Mumbai, June 18 (IANS) An apex body of realtors Tuesday reiterated its commitment to reforms in the realty sector and called upon the new Housing and Urban Poverty Alleviation Minister, Girija Vyas, to ... More » Realtors bat for reforms, urge Girija Vyas to play ball

Agra, June 18 (IANS) Ending years of uncertainty, union Civil Aviation Minister Ajit Singh has cleared a civil aviation terminal at the Kheria Air Force Base in this Taj city, raising hopes of increased ... More » Decks cleared for civil terminal in Taj city Agra

Reuters Market Eye - The BSE Sensex falls 0.4 percent while the Nifty is 0.44 percent lower. Lenders fall, retreating from gains on Monday, ahead of the Fed's meeting ending on Wednesday as an early end ... More » Sensex falls on caution ahead of Fed meet

Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation ... More » Japan says G8 stance is sign of approval for "Abenomics"

Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus programme - with the mere suggestion of fine-tuning it enough ... More » Asian shares slide as upcoming Fed meeting jangles nerves

As airplane makers gathered outside Paris to show off their newest high-tech jetliners on Monday, a less-heralded technology story was unfolding back home on the factory floors of the world's leading aerospace ... More » Flush with orders, aerospace industry retools for future

Gold was little changed on Tuesday as investors awaited guidance from a Federal Reserve meeting on the outlook for the bank's stimulus programme, amid some strong U.S. economic data. FUNDAMENTALS * Spot ... More » Gold holds steady ahead of Fed meeting

Asian shares were pressured on Tuesday despite an overnight rise in global markets, with investors on tenterhooks for news of the Fed's plans for its stimulus programme from the two-day monetary meeting ... More » Asian shares capped as upcoming Fed meeting jangles nerves

Global equity markets rose and the dollar strengthened against the yen on Monday on expectations the Federal Reserve will reinforce its commitment this week to supporting the U.S. economic recovery. Stocks ... More » World shares rally as Fed meeting nears, dollar firms

Kolkata, June 17 (IANS) Watchmaker Timex Group India, which currently enjoys eight to nine percent market share in organised watch sector, Monday said it is aiming to grab one to two percent market share ... More » Timex plans to grab more market share from 2014

Bangalore, June 17 (IANS) The state-run Council of Scientific and Industrial Research (CSIR) and its National Aerospace Laboratories (NAL) have jointly set up a research facility here to test bird strikes ... More » Facility to test bird hits on aircraft in Bangalore

Bangalore, June 17 (IANS) Global search engine Google is offering a new format in India to advertise products and brands for users, the company's Indian subsidiary said Monday. "The new format on ... More » Google offers new format to advertise Indian products

Chennai, June 17 (IANS) The Institute of Actuaries of India (IAI) has decided to expel R. Kannan, a former member of Insurance Regulatory and Development Authority, for financial misconduct, said a member. ... More » Indian actuaries body expels former IRDA member for misconduct

Ford Motor Co began shipping its locally-made EcoSport compact SUV on Monday, hoping to share in growing demand in India for mini-sport utility vehicles, which are popular due to heavy traffic, scarce ... More » Ford looks to ride mini-SUV boom in India

Mumbai, June 17 (IANS) Spelling cheer for the people, farmers and industry, Maharashtra has received an average of nearly one-fourth of its total annual rainfall in just the first fortnight of June, officials ... More » Widespread June rains cheer Maharashtra

The United States and the European Union launched negotiations for the world's most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic. ... More » EU, U.S. leaders launch free-trade talks

Global equity markets rose and the dollar strengthened against the yen on Monday on expectations the Federal Reserve will reinforce its commitment this week to supporting the U.S. economic recovery. Stocks ... More » Shares bound higher as Fed meeting nears, dollar firms

Kolkata, June 17 (IANS) State-owned Dena Bank would focus on West Bengal, Haryana and Punjab by opening more branches in the three states to grow its business, a top bank official said Monday. "Our ... More » Dena Bank to focus on West Bengal, Haryana and Punjab

Chandigarh/New Delhi, June 17 (IANS) The water level of the Yamuna in Delhi would start rising Tuesday evening as an unprecedented over eight lakh cusecs of flood water released from the Hathnikund barrage ... More » Yamuna to rise in Delhi Tuesday as Haryana releases 8 lakh cusecs

Bangalore, June 17 (IANS) The BJP Monday staged a rally in Bangalore and a few other places in Karnataka demanding withdrawal of recent hike in bus fares in the state. However, Transport Minister Ramalinga ... More » BJP protests bus fare hike in Karnataka

China's government has stepped up efforts to lift confidence in the country's flagging stock markets by buying more shares in the four biggest commercial banks, stock exchange statements showed on Monday. ... More » Beijing buys more bank shares to lift China's stock markets

New Delhi, June 17 (IANS) After a cloudy morning that saw intermittent rain, Delhi had a sunny and pleasant Monday afternoon as the maximum temperature settled nine notches below average at 30.3 degrees ... More » Sunny Monday afternoon in Delhi, rains to return Tuesday

New Delhi, June 17 (IANS) The water level of the Yamuna river would start rising Tuesday in Delhi with the release of another 8 lakh cusecs of water from the Hathnikund barrage in Haryana, a Delhi government ... More » Yamuna level to rise in Delhi Tuesday

New Delhi, June 17 (IANS) The government is likely to remove foreign direct investment (FDI) ceilings from sectors where these are not serving any purpose, Finance Minister P. Chidambaram said Monday. ... More » India to revise FDI caps in different sectors: Chidambaram

New Delhi, June 17 (IANS) The telecom regulator Monday reduced national roaming calls and SMS tariff ceilings from next month and said it would allow telecom service providers to offer national mobile ... More » TRAI cuts roaming charges for calls, SMSes from July 1

Chennai, June 17 (IANS) Global automobile major Ford Motor Company considers India as a major market for it to grow as well as ship out more cars to other markets even as it is bringing down production ... More » Ford Motors to increase car exports out of India: CEO

Panaji, June 17 (IANS) The Goa government has to act against those responsible for illegal mining, and it does not, at present, appear to be taking any action, a top industry official said Monday. Speaking ... More » Take action against illegal miners: Industry to Goa government

Mumbai, June 17 (IANS) The Reserve Bank of India (RBI) Monday kept key policy rates unchanged, after lowering them in each of its three previous monetary policy reviews, and warned that the rupee's weakness ... More » EMIs to remain high as RBI keeps policy rates unchanged

Shoppers in the 109 countries where Spanish fashion chain Mango has stores recognise its celebrity faces well, but few know much about the company behind the clothes modelled by Kate Moss, Gerard Pique ... More » Spain's Mango takes on retail fashion rivals Inditex, H&M

Lucknow, June 17 (IANS) The Uttar Pradesh government Monday gave its nod to the construction of an international airport in Agra. The proposal already has the approval of the central government, and a ... More » UP cabinet approves international airport for Agra

Mumbai, June 17 (IANS) With the Reserve Bank of India not raising any key interest rates in its mid-quarter review Monday, a benchmark index of Indian equities market closed 0.77 percent or 147.94 points ... More » Sensex gains 148 points as RBI keeps rates unchanged

New Delhi, June 17 (IANS) India's trade deficit widened to $20.14 billion in May on higher gold imports, putting further pressure on the country's current account balance, official data showed Monday. ... More » Trade deficit widens to $20.1 billion on high gold imports

The rupee fell on Monday as the RBI kept interest rates on hold and on caution ahead of the U.S. Federal Reserve's meeting later this week, although a lower-than-expected trade deficit helped to cap the ... More » Rupee falls after RBI keeps rates on hold

New Delhi, June 17 (IANS) The Food Corporation of India (FCI) will build state-of-the-art storage facilities at 42 places in 10 states to meet the emerging need for distribution of grains under the forthcoming ... More » FCI to build 42 silos in 10 states to store foodgrains

Big finance waded into a rain-soaked Paris Airshow with more than $10 billion in orders for jumbo passenger jets as planemakers duelled over strategy for large aircraft on Monday. The world's biggest aircraft ... More » Paris Airshow: Orders for big jets make a splash

India's Larsen & Toubro Ltd has bid for four Indian coast guard contracts worth 40 billion rupees, M. V. Kotwal, president of the company's heavy engineering department, said on Monday. L&T also plans ... More » L&T bids for coast guard contracts worth $695 mln

Larsen & Toubro Ltd is competing for defence contracts worth up to 80 billion rupees that will be awarded in the next few months, M. V. Kotwal, president of the company's heavy engineering department, ... More » L&T eyeing defence orders worth up to $1.4 billion

Reuters Market Eye - Kotak institutional Equities upgrades Reliance Industries to "add" from "reduce" and raises its target price to 870 rupees from 855 rupees citing inexpensive valuations. ... More » Kotak upgrades Reliance Industries to 'add'

Indian gold and silver futures traded slightly lower on Monday, still consolidating in recent price ranges, with the physical market witnessing subdued demand in a seasonally slow period after a series ... More » Gold, silver trade lower; physical demand poor