Business

May 1, 2014 8:31 AM

Lift ban on mango import: India to EU

India has asked the European Union to lift the ban on the import of Indian mangoes. In a letter to EU Trade Commissioner Karl De Gucht, Commerce and Industry Minister Anand Sharma said that the recent ban has caused considerable apprehension and alarm in the country. On Monday, the EU banned the imp...

April 30, 2014 8:40 PM

Core sector growth slows to 2.5% in March

Core sector growth slowed to 2.5 per cent in March from 7 per cent in the same month a year ago as output of crude oil, natural gas and fertiliser declined. For 2013-14, core sector growth slowed to 2.6 per cent from 6.5 per cent in 2012-13, according to data released by the Ministry of Commerce and...

April 30, 2014 2:53 PM

B'desh and China ink MoU to set up coal-based power plant

Bangladesh and China on Tuesday, signed a Memorandum of Understanding in Dhaka for setting up a 1320 MW coal-based power plant at Moheshkhali in southeastern part of Bangladesh, as part of government's comprehensive plan to meet the growing demand of electricity.The deal was signed by Bangl...

April 30, 2014 1:11 PM

India is world's third biggest economy in terms of PPP: WB report

India has displaced Japan to become the world's third biggest economy in 2011 in terms of purchasing power parity (PPP).The 2011 round of the World Bank's International Comparison Program (ICP) released on Tuesday ranked India after the US and China. The last survey in 2005 had pla...

April 30, 2014 8:47 AM

Ukraine crisis: Russia's Deputy PM in EU's list of 15 people to face sanctions

The European Union has released a list of 15 more people on whom it will place sanctions for their role in the Ukraine crisis. The list includes General Valery Gerasimov, Chief of the Russian General Staff, and Russian Deputy Prime Minister Dmitry Kozak.The EU says, the measure is in response to Rus...

April 30, 2014 8:45 AM

DGCA grounds 2 charter planes at Delhi airport for flouting liquor laws

The DGCA on Tuesday, grounded two charter planes for violating liquor laws at the Delhi airport. It expressed concern over security aspect of the issue. Official sources said, a nine-seater Gulfstream G-200, flying from Bangalore to Delhi, had a full-fledged bar filled with a large number of liquor ...

April 30, 2014 8:38 AM

SAIL bags over Rs 650cr RVNL contracts for rail line projects in country

Steel Authority of India Ltd (SAIL) has bagged contracts for supplying over 1.17 lakh tonnes of rails by bidding successfully for two global tenders floated by Rail Vikas Nigam Limited (RVNL) for major upcoming passenger rail line projects in the country. According to SAIL Sources in Kolkata, the to...

April 29, 2014 1:40 PM

Telecom Tribunal clears 3G intra-circle roaming pacts

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) today ruled in favour of private telecom operators by saying that 3G intra-circle-roaming (ICR) does not violate condition of licence agreement. A TDSAT bench headed by Justice Aftab Alam quashed all penalties imposed by Dept of Telecom ...

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