India News

India's largest engineering firm Larsen & Toubro will be the first company to set up a major state-of-the-art ship building yard at a cost of Rs 1,500 crore.

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Pune, the emerging IT hub of India, now boasts of having at least 16,000 millionaires. If the statistics collated by the income tax department are indeed accurate, then 15% of the country’s taxpayers earning over Rs 10 lakh a year are in Pune.

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The Mukesh Ambani-controlled Reliance Industries is entering the supply-deficient hospitality business and is in talks with big international names such as Walt Disney, Ritz Carlton and Four Seasons for managing some of its hotels.

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The ever hardening interest rates has impacted the growth of domestic automobile sales in March with passenger car sales growing by just 2.89% while the motorcycles segment saw a dip of 3.5%.

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The Multi Commodity Exchange of India Ltd (MCX) saw 610.7 kg of gold delivered at the final settlement of two futures contracts this month, lower than 1.06 tonnes delivered in April 2006, an exchange official said.

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Suspension of work has been declared at the troubled Hindustan Motors factory at Uttarpara in the district.

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