India News

Software services and consulting firm Tata Consultancy Services (TCS) will float a joint venture company along with the state-run National Thermal Power Corp (NTPC), National Hydro Power Corp (NHPC) and Power Finance Corp (PFC).

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Textiles and fluorochemical products manufacturer SRF Ltd has acquired Thai Baroda Industries Ltd, a Rayong, Thailand-based yarn and cord fabric manufacturer, the company announced Monday.

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Calcutta Telephones, the Kolkata circle of the state-owned telecom operator Bharat Sanchar Nigam Ltd, will invest Rs.4.99 billion in 2008-09 for technology upgrade of its network, said a top company official here Monday.

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Indian equity markets closed with a gain on the back of the NSG approval of the civil nuclear deal and strong global markets. Realty, banking, capital goods stocks led the gaining rally.

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Electrical laminations maker Bilpower Ltd Monday said it has secured a rural electrification contract from Ghana worth $30 million (Rs.666,000).

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Coal shortage forced the state-owned National Aluminium Co Ltd (Nalco) to cut back alumina production at its refinery in Orissa for about three days last week, a company official said here Monday.

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The city's business community is upbeat following the resolution of the dispute Sunday over land allotted for Tata Motors' Nano project at Singur in West Bengal.

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Eyeing the $50 billion (approximately Rs.2,000 billion) potential seen in India's nuclear energy sector over the next 10-15 years, apex industry chambers have begun to lobby with the government to permit private sector entry in the industry.

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Broking and distribution house Reliance Money Monday said it has partnered with the US-based optionsXpress Holdings Inc, a web-based trading company, to gain access, custody and execution in US markets for its customers.

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After success in Paris, Moscow, Istanbul, Dubai and Hong Kong, International Herald Tribune's (IHT) eighth annual conference on 'the global business of luxury' will be held here Dec 3-4.

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Electronics, white goods and home appliance major Videocon Industries, along with some 40 other business houses, are talking with the government to allow private players in the nuclear power sector, a top company official said.

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Saying there was 'limited clarity' on the outcome of the talks between the West Bengal government and the Trinamool Congress-led protesters, Tata Motors Monday said it would continue suspension of work at its Nano plant in Singur.

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Tata Motors Monday said it would continue suspension of work in the Singur Nano plant.

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Indian equity markets continued to trade with hefty gains early Monday afternoon, after opening in the green and moving upwards in initial trade following the NSG waiver to the India-US nuclear deal. Realty, banking.

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Will Tata Motors restart work at Singur to produce their small car Nano? As its employees failed to show up for work Monday morning, that's the question being asked, a day after farmers called off their 15-day strike to demand.

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No employee of Tata Motors or its contractors had entered the factory in Singur Monday morning, the day after an agreement was reached to lift the siege on it, local residents said, as the company refused comment.

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Indian equity markets, which opened higher Monday following the news that the 45-nation Nuclear Suppliers Group (NSG) has approved a plan to engage in nuclear trade with India, jumped further in early trade.

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The road has been cleared for Tata Motors to roll out the world's cheapest car Nano as planned following a far-reaching pact between the West Bengal government and the opposition Trinamool Congress here Sunday night.

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The contract workers at power company Neyveli Lignite Corp Ltd (NLC) have struck work from Monday morning, demanding Rs.1 million compensation for the family of an employee who died in a vehicle accident inside mine II Sep 4.

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Suzlon Energy Ltd, the fifth largest wind turbine maker globally, Monday announced it has successfully completed a 51 MW wind power project for Oil and Natural Gas Corp of India (ONGC).

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India's leading offshore drilling contractor Aban Offshore Monday said it has won a contract for the deployment of the new build jack-up rig Deep Driller seven offshore in Thailand.

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Tata Motors Monday said it would continue to suspend work on producing little Nano at the Singur car factory as it was unsure of the project's viability and "distressed at the limited clarity' in the deal struck with protesters.

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Stone India Ltd, a G.P. Goenka group-company, is in the 'final bidding stage' of acquiring a European railway equipment maker, said a top company official here Monday.

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Mumbai, July 28 (IANS) Leading finance service provider Kotak Mahindra Bank has announced a net profit of Rs.1.5 billion in the first quarter of this financial year, compared to Rs.1.46 billion in the same period the previous year, recording a growth

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Mumbai, July 28 (IANS) The Sensex closed in the green Monday.

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