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Crude oil imports sucked over half of India’s export earnings in FY ’11-12: ASSOCHAM
Wednesday, June 27, 2012

New Delhi: More than half of India’s total export earnings went into buying petroleum, particularly, crude imports in 2011-12, thereby seriously impacting the country’s overall economy, according to a paper released by apex industry body ASSOCHAM.

“However, with the crude...

Tata DOCOMO Launches a New Service Plan for BlackBerry Curve
Tuesday, June 26, 2012

Bhubaneswar: Tata DOCOMO, the unified telecom brand of Tata Teleservices Limited (TTL), today launched an exclusive postpay plan on new BlackBerry® Curve™ 9320 and BlackBerry® Curve™ 9220 smartphones for GSM customers in India.

As part of the new Rs. 599/- monthly service...

Odisha: TATA Power organises environment conservation campaign in Kalinganagar
Tuesday, June 26, 2012

Report by OD bureau; Kalinganagar: Tata Power, India's largest integrated power company has been driving environment awareness and conservation initiatives in its various locations. In line with this, Tata Power organized an environmental awareness program for all its employees a...

Tata Power’s Jojobera Thermal Power Station bags Golden Peacock Environment Management Award – 2012
Tuesday, June 26, 2012

Jamshedpur: Tata Power India’s largest integrated power company’s Jojobera Thermal Power Station at Jamshedpur has bagged the Golden Peacock Environment Management Award for the year 2012.

The award will be presented at a specially organized “Awards Gala Nite” on Saturday, 7th July 2012 a...

Vedanta Aluminium COO Dr. Mukesh Kumar says Odisha's mining potential could eradicate Poverty
Tuesday, June 26, 2012

Report by OD bureau; Bhubaneswar: In a recently held seminar by the Indian Institute of Chemical Engineers on the “Prospects of Alumina and Aluminium Industry in Odisha” many eminent Scientists, Academicians, Engineers and Industry Houses interacted on the importance of Bauxite, ...

ASSOCHAM welcomes the bold steps taken by RBI to shore up the falling rupee
Tuesday, June 26, 2012

New Delhi: ASSOCHAM welcomes the bold steps taken by RBI to shore up the falling rupee both in the long term as well as in the short term by raising ECB limit to US $ to 10 billion and investment by FIIs to US $ to 20 billion in G-Securities. This will also try to dis...

Non-carbonated drink industry to touch Rs. 54,000 crore by 2015: ASSOCHAM
Monday, June 25, 2012

New Delhi: Growing at a compound annual growth rate (CAGR) of about 35% annually, Indian non-carbonated drink market is likely to touch Rs. 54,000 crore by 2015 from the current level of Rs. 22,000 crore including fruit drinks, nectars and juices etc., said ASSOCHAM today.

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GMR agreed to waive 50% waiver on the User Development Fee UDF for the Hajpilgrims
Monday, June 25, 2012

Hyderabad: The GMR Hyderabad International Airport Authority has agreed to waive 50% waiver on the User Development Fee UDF for the Hajpilgrims during the current Haj Season 2012.

Sri Vikarm R Jaisinghani Chief Executive Officer GMR in a communication that giving due regard to the fac...

Odisha: Khimji announces Rs 18 lacs worth prizes to be won during the offer period from 22nd June – 20th August
Monday, June 25, 2012

Report by OD bureau; Bhubaneswar: Setting to the tune for the mega marriage season, Khimji, Odisha’s and Eastern India’s leading jewellery and fashion house has announced its much awaited ‘Subh Vivah Utsav’ to the delight of the customers. The Khimji Subh Vivah Ustav spanning fro...

Odisha-based MCL bags Performance Excellence Award
Monday, June 25, 2012
Sambalpur: Mahanadi Coalfields Limited (MCL), a leading coal producer in the country and subsidiary of ‘Maharatna’ Coal India Limited, has been conferred on the ‘Performance Excellence Award’ by the Indian Institute of Industrial Engineering (IIIE).

The award was received...

Policy support can make inland waterways cost-effective high ways of transport
Sunday, June 24, 2012

Chennai: Policy initiatives like cargo reservation for inland waterways and minor ports, reservation of coastal cargo for Indian ships with a policy on cabotage, integration of smaller ports with inland water ways , allowing major ports to connect with minor por...

Cyrus Mistry inducted to the board of Tata Global Beverages as director
Sunday, June 24, 2012

New Delhi: Harish Bhat has been appointed CEO and managing director of Tata Global Beverages. He will take over from Percy Siganporia, who retires on June 30, 2012

Tata Global Beverages announced that Cyrus Mistry, deputy chairman, Tata Sons, has been inducted to the boar...

PM Telang retires as Tata Motors’ MD, India Operations. Two new executive directors appointed
Sunday, June 24, 2012

Mumbai: PM Telang, managing director, India operations, Tata Motors, today retired from the company on attaining the age of superannuation and stepped down from the board of the company. Tata Motors has appointed two new executive directors:

Ravindra Pisharody, president,...

Rising Urbanization Offers Opportunities for Real Estate Development: CII JLL REPORT
Sunday, June 24, 2012
New Delhi: 2011 was a record year for the Real Estate industry in India. In 2012 as the world tries to spring back from an economic downturn, it is time for the real estate industry in the country to ‘Conserve, Consolidate and Grow’. This was both the title and the conclusion of the...

RBI to take apt action to arrest rupee depreciation as it neutralizes benefit to fiscal deficit from fall in crude prices – Finance Secretary
Sunday, June 24, 2012

New Delhi: With rupee weakening further and hitting the levels of 57.30 against a dollar, finance secretary, Mr R.S. Gujaral said exchange rate being market determined, the rupee would move vis-à-vis the international situation as is evident from the current sentiments in the mar...