Business News Headlines

CII demands speedy investment approvals in Himachal

Shimla , Feb 1

The Confederation of Indian Industry (CII) Sunday asked Himachal Pradesh to ensure time-bound approvals for investment proposals, reform industrial policy and also strengthen the road network.

Railways growth to fuel country's GDP: Prabhu

Ahmedabad , Jan 31

Railway Minister Suresh Prabhakar Prabhu Saturday called for greater investment in the sector which will help it grow and in turn increase the gross domestic product (GDP) by 2-3 percent.

Markets end weekly trade flat, RBI policy next trigger

Mumbai , Jan 31

Major Indian equities indices ended flat in the weekly trade which closed Jan 30, as sentiments were bearish on sector specific movements based on related earnings.

US strengthens trade engagement with India

Washington , Jan 31 The US says it strengthened engagement with India through the US-India Trade Policy Forum and secured the historic Trade Facilitation Agreement at the WTO after overcoming an impasse with India

Railways need to adopt best engineering practices: Prabhu

New Delhi , Jan 30

Railway Minister Suresh Prabhakar Prabhu Friday said there was a need to benchmark best domestic and international engineering practices, so as to adopt them to suite country's requirements.

PM pats officials on reach of LPG subsidy transfer scheme

New Delhi , Jan 31

Reviewing progress of the PaHaL scheme for paying consumers subsidy on cooking gas (LPG) directly into their bank accounts, Prime Minister Narendra Modi Saturday congratulated officials on coverage attained in the world's largest cash transfer programme.

India's leather sector expected to reach $27 billion turnover

Chennai , Jan 31

India's leather sector is expected to touch $27 billion in five years, officials said here Saturday.

India's foreign reserves down $98 mn

Mumbai , Jan 31

India's foreign exchange reserves declined by $97.9 million to $322.03 billion for the week ended Jan 23, Reserve Bank of India (RBI) data showed.

Coal India's 10 percent megasale earns government Rs.22,745 crore

Mumbai/Kolkata , Jan 30

The 10 percent stake sale in state-owned coal behemoth Coal India Ltd (CIL) fetched the government Rs.22,745 crore as a total issue of 63.16 crore shares went for the auction Friday.

Tech Mahindra's net up by 11.9 percent

Hyderabad , Jan 30

Tech Mahindra, a leading software services firm, has registered a growth of 11.9 percent in its net profit during the quarter ended Dec 31, 2014.