Category: Business News

Consumer to benefit from cheaper tablets

Consumer to benefit from cheaper tablets

| September 27, 2012 | 0 Comments

Huge potential for tabs with mobile compatibility draws more players.

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Kingfisher owes Rs 60 cr in service tax

| September 27, 2012 | 0 Comments

Mumbai: Kingfisher Airlines continues to default on its service tax outstandings, amounting to over Rs 60 crore, a top tax official has said. “Kingfisher Airlines continues to be a defaulter and has an outstanding of over Rs 60 crore. It is defaulting on the weekly payments and most of its bank accounts are frozen,” Mumbai [...]

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Ask and ye shall find

Ask and ye shall find

| September 27, 2012 | 0 Comments

AskMe, a part of the Network18 Group has launched its voice interactive services in Hyderabad. With this launch, Network 18’s AskMe has now forayed into the south as its third city in India, where these services have launched after Mumbai and Pune. AskMe launched its Voice service on 3555 5555, which works 24*7 to give [...]

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Staring at stark realty

Staring at stark realty

| September 26, 2012 | 0 Comments

Though the market has been on the path to recovery in the last one year, there are many unresolved issues that are worrying developers.

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United Spirits says Diageo in talks to buy stake in company

| September 25, 2012 | 0 Comments

Mumbai: United Spirits today said UK-based Diageo Plc is in talks to buy stake in the Vijay Mallya owned firm. “United Spirits and Diageo Plc confirm that the UK-based company is in discussion with it and United Breweries Holdings in respect of possible transactions to acquire an interest in the liquor firm,” United Spirits said [...]

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UK’s Cairn Energy sells 8% stake in India venture for $910 mn

| September 25, 2012 | 0 Comments

New Delhi: UK’s Cairn Energy plc today said it has sold 8 per cent stake in Cairn India for a net realisation of about $910 million. Following the sale, Cairn Energy retains about 10 per cent shareholding in Cairn India, the company said in a press statement here. “At the General Meeting of the company [...]

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Taiwanese firms keen on setting up electronics hub in Rajasthan

| September 25, 2012 | 0 Comments

Neemrana: After a Japanese zone in this industrial town, some 120 km from New Delhi, a Taiwanese business team is keen on setting up an electronics hub here, as Rajasthan has agreed to consider some special incentives for the project. The proposal was made by Terry Lee, Taiwan’s deputy director general in the Department of [...]

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Construction sector takes a beating

Construction sector takes a beating

| September 24, 2012 | 0 Comments

Though funds are not a major problem, factors like land acquisition, forest clearances and permissions are hindering the sector’s growth.

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Reliance MediaWorks to part-own James Cameron’s Digital Domain

| September 24, 2012 | 0 Comments

Mumbai: Reliance MediaWorks and China-based Galloping Horse America are set to part-own some of the businesses of Hollywood film-maker James Cameron’s Digital Domain Productions through a USD 30.2 million bid. The “winning bid” was submitted with Galloping Horse, a leading firm in China engaged in film and TV financing, production, distribution, advertising and publishing, Reliance [...]

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India may not achieve export target of $360 bn in FY13: Ficci

| September 23, 2012 | 0 Comments

New Delhi: The exports target of $360 billion for the current fiscal is unlikely to be achieved due to the global demand slowdown, a survey said today. The country’s exporting community is not optimistic about a possible improvement in the overall export conditions over the next two quarters, according to Ficci’s Export Survey. “The government’s [...]

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