The manufacturing sector, which suffered a strong blow during the downturn that followed the global crisis, is bouncing back with vigour, with a sharp surge in the number of sectors that show dizzy growth. HT
reports. Manufacturing buzz hots up
The Government is planning to set up a Rs. 2,000-crore venture capital fund to promote drug discovery and strengthen the infrastructure of the pharma sector in the country, a top Government official said.
Under-recoveries for state-run oil firms on essential petroleum products for the financial year 2010-11 is estimated at R59,000 crore said Murli Deora, minister of petroleum and natural gas, adding that roughly one third (R18,000 crore) of it is on LPG.
The Indian fast-moving consumer goods sector is expected to grow 13% during 2010/11 on the back of strong economic growth, a good monsoon and subsequent rise in rural income, an industry body said.
Indian Hotels Company (IHC) that owns the flagship Taj hotels on Wednesday reported a loss of R6 crore for the quarter ended September 2010 against a net profit of R12 crore in year-ago period as a result of weak occupancy.
Blaming the adverse publicity surrounding the recently-concluded CWG games, Tata Group's Indian Hotels Company Ltd (IHCL) today said that it has clocked a net loss of Rs. 6.3-crore for the quarter ending September 30, as compared to Rs. 11.87-crore in the year-ago period.
State-owned Indian Oil Corp (IOC) today raised petrol price by Rs. 0.27 a litre effective midnight tonight, while other public sector firms are likely to follow suit in the next couple of days.
Consultant Ernst & Young today said the Bombay High Court judgement that the tax department has jurisdiction to impose tax on over $ 11 billion Vodafone-Hutchison deal will not dampen sentiments for cross-border mergers involving Indian assets.
The US has said it is exploring all options, including legal tools, to force India to open up its agriculture market, especially the dairy sector.
The government is planning to roll out a unique identification system for exports of pharmaceuticals, to curb the menace of counterfeit drugs and to protect the Indian pharma industry's brand image.
As retailers chalk out aggressive expansion plans to grab a slice of the estimated Rs-20 lakh crore retail sector, they would find at least one irritant — trained manpower. Vivek Sinha reports.
Reliance Industries Ltd and Essar Oil, besides state-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) are vying for the 47 petrol pumps offered by Royal Dutch Shell in India.
The country’s industrial output grew by 17.6 per cent in April, rekindling the debate whether the Reserve Bank of India (RBI) would increase interest rates during its policy review next month, as focus shifts towards inflation-control.
All dealer-operated petrol pumps in Delhi closed their shutters today to protest the increase in VAT on diesel, which has made the fuel costlier in the national capital compared to neighbouring Haryana.
The Legal Metrology Department has registered a case against public sector Indian Oil Corporation (IOC) for delivering less fuel to dealers, a senior government official said on Thursday.