Archive for the ‘Business’ Category

Punjab’s carpet industry facing decline

Sunday, March 14th, 2010

Amritsar/Taran Taran, March 14 (ANI): Punjab’s border belt, a region adjacent to Pakistan, has been well-known for its handmade woolen carpets and rugs for many decades. However, this once flourishing carpet industry is today on the verge of collapse. A steadily declining income and below expectation support from the ...

Deep Purple to perform in Malaysia in May

Sunday, March 14th, 2010

Kuala Lumpur, March 14 (ANI): Deep Purple are set to rock Malaysia when they croon at the Genting Arena of Stars on May 16 as part of their Asia/Australia tour 2010. The Brit rockstars'' first Malaysia visit saw them performing in Kuala Lumpur in 1982 and even this time around fans ...

Indian business bigwigs meet in Assam for development

Sunday, March 14th, 2010

Guwahati, Mar 14 (ANI): With peace gradually returning to Assam, business houses from across the country have started taking interest in northeast. Well known corporate leaders like Ratan Tata, Mukesh Ambani and many others have taken note of the huge potential of the region. Business tycoon Ratan Tate laid the ...

Six Mumbai labourers injured as under-renovation buildings collapse

Sunday, March 14th, 2010

Mumbai, Mar 14 (ANI): At least six labourers were injured here as two nearby buildings that were under-renovation by the Maharashtra Housing and Area Development Authority (MHADA) collapsed. Deputy Commissioner of Police Sanjay Mohite said, "Two three-storied buildings, one number 38 and other numbering 40, they collapsed completely... Most of the ...

China emerges as world’s top exporter

Wednesday, February 10th, 2010

New Delhi, Feb 10 (ANI): China has emerged as world’s top exporter after new figures showed that German exports slid by nearly a fifth in 2009, the biggest decline in 60 years. Germany’s multi-year reign as the world’s No 1 exporter officially ended, Xinhua reports. The German government figures on ...

SAIL signs MoU with Korea Export Insurance Corporation

Thursday, January 28th, 2010

New Delhi, Jan 28 (ANI): The Steel Authority of India Limited (SAIL) today signed a Memorandum of Understanding (MoU) with Korea Export Insurance Corporation (KEIC). The MoU seeks to establish the framework of co-operation in supporting and encouraging trade and/or investment in the field of industries where SAIL is involved and ...

All lighthouses along India’s coastline to have radars

Thursday, January 28th, 2010

By Praful Kumar Singh New Delhi, Jan 28 (ANI): To increase maritime security and minimise infiltration via sea route, the Indian Coast Guard will have radars fitted at all the lighthouses along the country’s coastline. The project would cost Rs.351 crore and the inputs gathered would be shared at different ...

Malaysian budget airliner Air Asia to target two million passengers to India

Thursday, January 28th, 2010

Kuala Lumpur, jan.28 (ANI): Malaysian budget airliner Air Asia, which will soon start services to five other Indian cities, has targeted two million passengers to India by next year, said group chief executive officer Datuk Seri Tony Fernandes. "We are proud to position Kuala Lumpur as the gateway to India, ...

Malaysia’s Air Asia to expand flights to five Indian cities

Wednesday, January 27th, 2010

Kuala Lumpur, Jan.27 (ANI): Budget carrier Air Asia is expanding its “coverage” of India with flights to five more cities, including the capital, New Delhi, from April. According to The Star, the other new routes are to Chennai, Bangalore, Hyderabad and Mumbai. All flights will take off from the Low-Cost Carrier ...

Australian firm IRL signs 500 m dollars deal with Indian group

Monday, January 25th, 2010

Perth (Australia), Jan.25 (ANI): Perth-based [caption id="attachment_27815" align="alignleft" width="300" caption="India Resources Ltd"][/caption] (IRL) has announced plans for a 500 million dollar deal with a group of Indian sponge iron producers. Sponge iron, also known as direct-reduced iron, is produced by reducing iron ore using natural gas or coal and can be ...