Posts Tagged ‘country’

GM India aims to grow at twice sector rate: Exec

General Motors’ India unit aims to grow at twice the rate of the country’s automotive sector in 2011, its India head said on Friday.

R Sridharan named Acting Chairman of SBI

R Sridharan will be taking over as Acting Chairman of the country’s largest lender State Bank of India from O P Bhatt, who superannuated on Wednesday.

Health care industry to top 13 sectors in creating new jobs

The healthcare industry would continue to lead 13 industry sectors in the country in generating new jobs in 2011, a Ma Foi Randstad Employment Trends survey said.

Blackmoney: FM plans study on modus operandi of stashing

The Finance Ministry will conduct a study on the “modus operandi of concealment” of blackmoney in the country by major business and public sectors and other channels.

Govt may roll back excise duty on branded garments

The government is considering to roll back 10 per cent excise duty on branded garments, due to large scale protest by industry bodies in many parts of the country, including West Bengal, which goes to polls next month.

Greece says may retire some debt with selloffs

Greece could use some proceeds from its state divestments programme to buy back outstanding bonds in the market and retire some of its debt, the country’s finance minister said on Wednesday.

Coal Min to create taskforce for clean coal technology

The Coal Ministry plans to constitute a task force by Sept. 30 to prepare a blueprint for the implementation of clean coal technologies in the country

Iron ore exports drops by 18.60% in February

Continuing its declining trend for the eighth consecutive month, India`s iron ore exports in February has gone down by 18.60% to 10.13 million tonnes (MT). The outbound shipment of the vital steel-making raw material during April-February period also declined by 17.98% to 85.43 MT, mainly on account of export ban imposed by Karnataka government

UBS downgrades Hindustan Unilever to sell

UBS downgraded India’s Hindustan Unilever to “sell” from “buy” on Wednesday, and cut its 12month target price to Rs 250 from Rs 320 earlier, saying raw material pressure and competition could hurt profits of the country’s top household products and consumer goods maker.

HCL Infosystems unveils new range of ME Tablets

HCL Infosystems, India`s premier hardware, services and ICT systems integration and distribution company, today unveiled its new range of ME Tablets. With over 30 years of leadership in research and development and an in-depth understanding of the Indian market, the company today introduced the country`s first Tablet with localized content and world`s first Tablet with one touch button for customer service

Titan Industries eyes small towns to hit high growth path

Titan Industries is in an expansion mode and is eyeing the midmarket in the country, that is, TierII and TierIII cities where demand for consumer durables is being stoked by rising personal incomes. It also has plans to enter Indonesia during financial year 201112, reports businesstoday.

Axis Bank to set up six more branches in Mumbai

Axis Bank , India`s third largest private sector bank, today announced plans to launch six additional branches in Mumbai taking the total number of branches in Maharashtra state to 181 by Mar. 31, 2011.

FDI drops by 30% in Feb 2011 to USD 1.2 bn

Foreign direct investment (FDI) in India registered its second consecutive decline in February, 2011, dipping by 30% year-on-year to USD 1.2 billion in the backdrop of financial turmoil in Europe,