Indian Commerce Minster Anand Sharma says while a perfect Doha deal may not be possible, he is hopeful a “balanced and fair” trade deal protecting the interests of the poorest countries could be reached. “We have to reassure the poorest of the poor that we are all committed to work collectively for development,” he said at a conference on global services trade in Washington on October 13.
After a pilgrimage to two holy shrines, industrialist Anil Ambani sent a conciliatory message to elder brother Mukesh Ambani Sunday, saying there was ample scope to amicably end their dispute and the move was welcomed by the other side. “There can be no better gift to my mother, Smt. Kokilaben Ambani, in her 75th year, and to the legacy of our beloved father, Shri Dhirubhai Ambani, the proud creator of the Reliance Group,” Anil Ambani said in a statement after undertaking a pilgrimage to Badrina...
A niche market for superbikes is quietly picking up pace in India, with enthusiasts increasingly seeking that tantalising rush of adrenaline, undeterred by the high prices of these roaring mean machines. Yamaha, the Japanese biggie, alone has sold about 125 superbikes, YZF R1 and MT01, since its launch in December 2007. Suzuki with masterpieces like Hayabusa and Intruder has sold about 100 of them since 2006, while Honda and Ducati are others in the market.
Last Updated ( Thursday, 08 October 2009 13:39 )
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Nordic carrier Finnair is restarting its operations from Mumbai to Europe from Oct 18, with a brand new fleet of Airbus aircraft, sensing a revival in passenger demand after some trying times over the past year.The carrier has also fixed an inaugural tariff of Rs.29,900 for an all-inclusive return ticket to Helsinki and 11 European destinations with the flexibilities for rescheduling normally available on a full-fare business ticket, a senior airline official said.
Last Updated ( Friday, 18 September 2009 12:13 )
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Prime Minister Manmohan Singh has decided to constitute a ministerial group to look into the issue of high aviation fuel prices in India that has exacerbated the current crisis of the industry. Civil Aviation Minister Praful Patel made the announcement in the capital after briefing the cabinet about the prevailing situation in the domestic and global aviation industry, including the comparative cost of fuel in India and elsewhere.
Last Updated ( Friday, 18 September 2009 12:13 )
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Online headhunter Monster India and ITC e-Choupal, a digital platform for farmers, have tied up to launch a website for job seekers in rural India. The website has been named Rozgarduniya.com, the companies said in a joint statement on August 11. The website will provide a platform for corporates to access rural talent.
Last Updated ( Friday, 18 September 2009 12:13 )
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Brooke Bond, better known as an iconic brand of tea, is set to get into the IT sector, with the government’s approval of Hindustan Unilever (HUL)-owned Brooke Bond’s proposal to set up an infotech-related special economic zone (SEZ) spread over 11 hectares in Bangalore, on August 11. The commerce ministry’s Board of Approval approved the proposal at a meeting chaired by Commerce Secretary Rahul Khullar. This would pave way for HUL to set up an IT and IT-enabled services SEZ in the Karnataka capi...
Last Updated ( Friday, 18 September 2009 12:12 )
Ratan Naval Tata, Chairman of Tata Group, on July 17, handed over the world’s cheapest car marking the commercial rollout of the jellybean-shaped small car, which has been drawing global attention since the prototype was unveiled last year. Ratan Tata who had promised to deliver what he has been calling the “people’s car” at just Rs.100,000 at factory gates, himself handed over the car keys to Ashok Vichare, a class I customs officer in Mumbai.
It was a “dream come true” for Capt. C.P. Krishnan Nair as the Leela Kempinski Gurgaon formally opened on July 11 in the bustling IT hub on the outskirts of the national capital, where the hospitality chain will soon be opening a luxury hotel too. “It is a momentous occasion for us to have opened the first business hotel in north India,” Nair, the chairman of The Leela Palaces, Hotels and Resorts, told reporters, adding, “It is an important milestone in the group’s expansion plan.
