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	<title>Business News, National Business and Economic News Updates</title>
	<link>http://www.prokerala.com/news/business/</link>
	<description>Daily Economic and Business News, Economic News Reviews and Business News Updates</description>
	<language>en-us</language>
	<copyright>Copyright 2013, Prokerala.com</copyright>
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	<lastBuildDate>Wed, 22 May 2013 18:48:02 +0530</lastBuildDate>
	<category>Daily News</category>
	<category>Latest News Feed by Prokerala.com</category>
	<ttl>15</ttl>
	<image>
		<url>http://www.prokerala.com/images/logo.gif</url>
		<title>Business News, National Business and Economic News Updates</title>
		<link>http://www.prokerala.com/news/business/</link>
		<width>144</width>
		<height>35</height>
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	<item>
		<title>Sensex closes in red; capital goods stocks plunge (Lead)</title>
		<link>http://www.prokerala.com/news/articles/a381049.html</link>
		<description><![CDATA[A benchmark index of Indian equities markets fell Wednesday for the third day in a row amid profit-booking.
Scrips of capital goods, oil and gas, realty, bank and metal companies plunged. However, there was healthy buying spree in fast moving consumer goods (FMCG), healthcare and technology, media and entertainment (TECk) stocks. 
The 30-scrip...]]></description>
		<guid>http://www.prokerala.com/news/articles/a381049.html</guid>
		<pubDate>Wed, 22 May 2013 18:48:02 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a381049.html#comments</comments>
	</item>	<item>
		<title>'Sector-specific action needed to cut carbon emissions' (Lead)</title>
		<link>http://www.prokerala.com/news/articles/a381041.html</link>
		<description><![CDATA[India needs to take sector-specific action and develop a mechanism to track the achievements in each area to achieve the goal of reducing its greenhouse gas emissions, says a study conducted by WWF-India.
The Indian government aims to reduce greenhouse gas emissions in relation to its GDP by 20-25 percent from the 2005 levels by 2020.
The study,...]]></description>
		<guid>http://www.prokerala.com/news/articles/a381041.html</guid>
		<pubDate>Wed, 22 May 2013 18:15:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a381041.html#comments</comments>
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		<title>Bihar launches aerial land survey</title>
		<link>http://www.prokerala.com/news/articles/a381027.html</link>
		<description><![CDATA[Bihar Wednesday launched a survey using aerial photography for updating land records, officials said.
Chief Minister Nitish Kumar flagged off the aerial land survey from Suryagarha in Lakhisarai district. 
&quot;The aerial survey will be conducted in 33 of the 37 districts,&quot; said Hukum Singh Meena, revenue and land reforms secretary.
In the...]]></description>
		<guid>http://www.prokerala.com/news/articles/a381027.html</guid>
		<pubDate>Wed, 22 May 2013 17:45:02 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a381027.html#comments</comments>
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		<title>SunTec launches next generation product suite Xelerate</title>
		<link>http://www.prokerala.com/news/articles/a380989.html</link>
		<description><![CDATA[Technopark-based SunTec Business Solutions Wednesday launched its next generation product suite - Xelerate.
Xelerate is an evolved version of SunTec's award-winning TBMS (Transaction-based business management) product suite that empowers providers of financial, communications and digital services to create personalised and real-time offerings for...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380989.html</guid>
		<pubDate>Wed, 22 May 2013 15:36:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380989.html#comments</comments>
	</item>	<item>
		<title>Sara Soule plans to expand Ruosh outlets</title>
		<link>http://www.prokerala.com/news/articles/a380985.html</link>
		<description><![CDATA[Bangalore-based shoe exporter Sara Soule Pvt Ltd plans to expand its Ruosh men's footwear retail chain by March next year and sign up with a couple of multi-brand outlets and online retailers, a senior company official said here Wednesday.
&quot;We plan to have anything between 17-20 Roush outlets by March 2014. We will also retail our products...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380985.html</guid>
		<pubDate>Wed, 22 May 2013 15:33:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380985.html#comments</comments>
	</item>	<item>
		<title>Sensex gains in pre-afternoon trade</title>
		<link>http://www.prokerala.com/news/articles/a380952.html</link>
		<description><![CDATA[A benchmark index of the Indian equities markets was trading 0.29 percent up in the pre-afternoon trade Wednesday.
Good buying spree was seen in IT, technology, media and entertainment (TECK), and fast moving consumer goods (FMCG) scrips, whereas oil and realty sectors' stocks plunged. The recent fall in rupee has made the technology firms more...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380952.html</guid>
		<pubDate>Wed, 22 May 2013 13:12:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380952.html#comments</comments>
	</item>	<item>
		<title>245 South Koreans have paper companies</title>
		<link>http://www.prokerala.com/news/articles/a380940.html</link>
		<description><![CDATA[A total of 245 South Koreans were confirmed to have established paper companies in safe havens in a bid to avoid tax payment, an independent South Korean media said Wednesday.
The Newstapa announced that it found 245 South Koreans set up paper companies in safe havens between 1995 and 2009 after analyzing information related to paper companies...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380940.html</guid>
		<pubDate>Wed, 22 May 2013 12:39:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380940.html#comments</comments>
	</item>	<item>
		<title>'Sector-specific action needed to cut carbon emissions'</title>
		<link>http://www.prokerala.com/news/articles/a380916.html</link>
		<description><![CDATA[India needs to take sector-specific action and develop a mechanism to track the achievements in each area to achieve the goal of reducing carbon emissions, says a study conducted by WWF-India. The Indian government aims to reduce carbon emissions by 20-25 percent from the 2005 levels by 2020.
The study, which was supported by the Shakti...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380916.html</guid>
		<pubDate>Wed, 22 May 2013 10:30:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380916.html#comments</comments>
	</item>	<item>
		<title>India's growth needs more opening, foreign funding: Powell (Second Lead)</title>
		<link>http://www.prokerala.com/news/articles/a380872.html</link>
		<description><![CDATA[US Ambassador Nancy Powell Tuesday called for greater economic opening and more foreign investments for India's higher economic growth, saying &quot;there is more yet to do&quot; in the area of reforms to return to 10 percent growth.
Washington's first woman ambassador to India contended that it was high tariff and non-tariff barriers that were...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380872.html</guid>
		<pubDate>Tue, 21 May 2013 22:21:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380872.html#comments</comments>
	</item>	<item>
		<title>Slow work at Petrapole check post: Official</title>
		<link>http://www.prokerala.com/news/articles/a380871.html</link>
		<description><![CDATA[Works for the Rs.200-crore proposed integrated check post at Petrapole on the India-Bangladesh border are slow moving due to problems regarding land acquisition and obtaining clearances from different agencies, an official said Tuesday.
The check post, to be come up in West Bengal's North 24 Parganas district for fast movement of goods and cargo...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380871.html</guid>
		<pubDate>Tue, 21 May 2013 22:21:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380871.html#comments</comments>
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		<title>Srei Infra to raise Rs.1,500 crore by debentures</title>
		<link>http://www.prokerala.com/news/articles/a380868.html</link>
		<description><![CDATA[Kolkata-based non-banking finance company Srei Infrastructure Finance Tuesday said its board has okayed to raise funds up to Rs.1,500 crore by public issue of debentures in one or more tranches this fiscal.
&quot;The board has approved to raise funds by way of a public issue of secured, redeemable, non-convertible debentures not exceeding...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380868.html</guid>
		<pubDate>Tue, 21 May 2013 22:12:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380868.html#comments</comments>
	</item>	<item>
		<title>Chavan invites investments from China </title>
		<link>http://www.prokerala.com/news/articles/a380863.html</link>
		<description><![CDATA[Maharashtra is willing to set up a special  investment zone for Chinese companies in the state, Chief Minister Prithviraj Chavan told the visiting Chinese Premier Li Keqiang here Tuesday.
During the meeting, Chavan briefed Li about the immense investment opportunities across various sectors, including automobiles and textiles. Chavan called on the...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380863.html</guid>
		<pubDate>Tue, 21 May 2013 21:45:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380863.html#comments</comments>
	</item>	<item>
		<title>Hyderabad jewellery fair to begin June 7</title>
		<link>http://www.prokerala.com/news/articles/a380847.html</link>
		<description><![CDATA[Over 125 jewellers from India and abroad will showcase their exclusive diamond and gold jewellery at the sixth edition of the Hyderabad Jewellery Pearl and Gem Fair (HJF) here June 7 to June 9.
UBM India, a part of UBM plc, the leading global media business company, Tuesday announced the event, one of the biggest gems and jewellery B2B...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380847.html</guid>
		<pubDate>Tue, 21 May 2013 20:24:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380847.html#comments</comments>
	</item>	<item>
		<title>India, Israel set up fruits centre in Haryana</title>
		<link>http://www.prokerala.com/news/articles/a380813.html</link>
		<description><![CDATA[Israeli cultivation technology and know-how of fruit plants will be shared with Indian farmers and horticulturists at the centre of excellence for fruits which was inaugurated Tuesday in Haryana's Sirsa district.
The centre was inaugurated by Haryana Chief Minister Bhupinder Singh Hooda and Israeli Ambassador Alon Ushpiz at Mangiana village in...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380813.html</guid>
		<pubDate>Tue, 21 May 2013 18:33:02 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380813.html#comments</comments>
	</item>	<item>
		<title>Sensex closes more than half percent down (Lead)</title>
		<link>http://www.prokerala.com/news/articles/a380812.html</link>
		<description><![CDATA[A benchmark index of Indian equities markets closed Tuesday's trade more than half a percent down owing to continued profit-booking.
Scrips of automobile, bank, health-care, oil and gas, public sector undertakings (PSUs) and realty companies plunged.
However, there was healthy buying spree in information technology (IT), technology, media and...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380812.html</guid>
		<pubDate>Tue, 21 May 2013 18:30:02 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380812.html#comments</comments>
	</item>	<item>
		<title>Qatar National Bank to start operation in India</title>
		<link>http://www.prokerala.com/news/articles/a380811.html</link>
		<description><![CDATA[Qatar National Bank (QNB), one of the Gulf region's largest lender, Tuesday said it will set up a fully-owned subsidiary in India and start operations in the third quarter of 2013.
The Doha-headquartered lender said it has received “all regulatory approvals” to establish a fully-owned subsidiary under the name of “QNB (India) Private...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380811.html</guid>
		<pubDate>Tue, 21 May 2013 18:27:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380811.html#comments</comments>
	</item>	<item>
		<title>Karzai seeks more Indian investment in Afghanistan</title>
		<link>http://www.prokerala.com/news/articles/a380807.html</link>
		<description><![CDATA[Afghan president Hamid Karzai Tuesday called for Indian investment in critical sectors such as healthcare, telecom, agri-business and capacity building.
In an interaction with a group of company chief executives, Karzai spoke about emerging business opportunities in Afghanistan and asked the Indians to benefit from a business friendly regime and...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380807.html</guid>
		<pubDate>Tue, 21 May 2013 18:27:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380807.html#comments</comments>
	</item>	<item>
		<title>Vodafone India's revenue up by 10.6 percent in 2012-13</title>
		<link>http://www.prokerala.com/news/articles/a380805.html</link>
		<description><![CDATA[Vodafone India, the second largest mobile operator in the country clocked Rs.35,600 crore revenue for financial year 2012-13, a 10.6 percent rise, a top company official said here Tuesday.
“While ending the year our customer base was 152.4 million, which is up by 2 million from last fiscal,&quot; managing director and CEO Marten Pieters said at...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380805.html</guid>
		<pubDate>Tue, 21 May 2013 18:21:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380805.html#comments</comments>
	</item>	<item>
		<title>Shashi Kant Sharma to be new CAG</title>
		<link>http://www.prokerala.com/news/articles/a380803.html</link>
		<description><![CDATA[Defence secretary Shashi Kant Sharma will be the new Comptroller and Auditor General (CAG) of India, replacing Vinod Rai, who retires May 22, the government announced Tuesday.
Sharma, a 1976-batch Bihar cadre Indian Administrative Service (IAS) officer, will take charge of the new appointment Thursday, the finance ministry said in a...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380803.html</guid>
		<pubDate>Tue, 21 May 2013 18:21:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380803.html#comments</comments>
	</item>	<item>
		<title>General Motors to hike prices in June</title>
		<link>http://www.prokerala.com/news/articles/a380800.html</link>
		<description><![CDATA[American automobile company General Motors' Indian subsidiary Tuesday said it will increase the prices of its vehicles from the first week of June, 2013.
&quot;We have decided to increase the prices of all our vehicles up to Rs.10,000 depending upon the model with effect from the first week of June on account of increase in transportation costs...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380800.html</guid>
		<pubDate>Tue, 21 May 2013 18:18:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380800.html#comments</comments>
	</item>	<item>
		<title>Chinese Premier visits TCS centre in Goregaon</title>
		<link>http://www.prokerala.com/news/articles/a380793.html</link>
		<description><![CDATA[Chinese Premier Li Keqiang visited the Tata Consultancy Services (TCS) global development centre in suburban Goregaon east here Tuesday.
Tata Group Chairman Cyrus P. Mistry hosted Keqiang and his delegation at the centre.
Keqiang was given an overview of the Tata Group's operations in China with special focus on the Jaguar Land Rover SUV and TCS's...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380793.html</guid>
		<pubDate>Tue, 21 May 2013 17:42:02 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380793.html#comments</comments>
	</item>	<item>
		<title>India's growth needs more opening, foreign funding: Powell (Lead)</title>
		<link>http://www.prokerala.com/news/articles/a380790.html</link>
		<description><![CDATA[US Ambassador Nancy Powell Tuesday called for greater economic opening and more foreign investments for India's higher economic growth, saying &quot;there is more yet to do&quot; in the area of reforms to return to 10 percent growth.
&quot;The road to higher growth will require more economic opening and more foreign investment. Since GDP growth is...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380790.html</guid>
		<pubDate>Tue, 21 May 2013 17:33:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380790.html#comments</comments>
	</item>	<item>
		<title>iGate sacks CEO Phaneesh Murthy over sexual misconduct; he denies charge (Lead)</title>
		<link>http://www.prokerala.com/news/articles/a380784.html</link>
		<description><![CDATA[US-based IT services company iGate Corp. Tuesday said it has sacked Chief Executive Officer Phaneesh Murthy on the charges of sexual harassment by a woman employee.
This is the second time Murthy has been charged for sexual abuse.  Over a decade ago, the 49-year-old tech wizard had resigned from Indian IT bellwether Infosys on similar charges....]]></description>
		<guid>http://www.prokerala.com/news/articles/a380784.html</guid>
		<pubDate>Tue, 21 May 2013 17:27:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380784.html#comments</comments>
	</item>	<item>
		<title>iGate sacks CEO Phaneesh Murthy for sexual abuse</title>
		<link>http://www.prokerala.com/news/articles/a380771.html</link>
		<description><![CDATA[iGate Corporation sacked its chief executive officer Phaneesh Murthy on the charges of sexual abuse by a woman employee, the US-based IT major said Tuesday.
&quot;The decision to terminate the employment of president and chief executive Phaneesh Murthy was made following an investigation into a relationship he had with a subordinate employee and a...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380771.html</guid>
		<pubDate>Tue, 21 May 2013 16:36:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380771.html#comments</comments>
	</item>	<item>
		<title>Jain Group plans housing projects worth Rs.2,000 crore</title>
		<link>http://www.prokerala.com/news/articles/a380747.html</link>
		<description><![CDATA[The city-based Jain Group is planning to build affordable housing projects across four east Indian cities, covering five million square feet of space at an investment of about Rs.2,000 crore by 2014-end.
The real estate firm is currently developing eight projects in Kolkata, Durgapur, and Siliguri in West Bengal and Bhubaneswar in Odisha.
It has...]]></description>
		<guid>http://www.prokerala.com/news/articles/a380747.html</guid>
		<pubDate>Tue, 21 May 2013 14:57:01 +0530</pubDate>
		<comments>http://www.prokerala.com/news/articles/a380747.html#comments</comments>
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