India Business

India Business

India rate cut tempts shoppers to buy new cars, major appliances

THE way car salesman Ashish Bhavsar tells it, in India, men come first on their own to eye up a potential purchase. Then they...

India’s minister for food processing invites UK investments

UK companies should invest in India's food sector which is booming with increasing income and changing consumer preferences, Minister for food processing Harsimrat Kaur Badal said on...

Top India economic advisor cuts growth forecast to 5.3 per cent

INDIA’S top economic advisor cut on Friday (September 13) his growth forecast for this year to 5.3 per cent, just above last year’s decade-low...

Outsourcing firms look to India for growth

WITH WESTERN companies slashing budgets and putting decisions on hold, outsourcing companies in India and abroad are turning to the Indian market - long...

Tata Motors says second Nano catches fire

THE COUNTRY’S largest vehicle maker, Tata Motors, said one of its ultra-cheap Nano cars caught fire yesterday as it was driven to a dealer,...

India factory output ups by two-year high, says survey

INDIAN factory output expanded at its quickest pace in two years last month, a key survey showed on Friday (January 2), in a further...

Government says ready to back Air India with $1.1 bln

INDIA's government has agreed to back Air India with up to Rs50bn ($1.1bn/ £67m) if the ailing state-run carrier finds the same amount in...

SBI, ICICI Bank reduce lending rates

A representative picture   India's two top lenders, State Bank of India (SBI) and ICICI Bank, have announced a cut of 0.15 per cent and 0.10...

Tata Indian Hotels profit plunges 96 per cent

TATA GROUP’S hospitality arm Indian Hotels Company Limited said on Friday (June 12) its annual net profit plunged 96.4 per cent, hit by last...

Taiwan becomes Chinese Taipei for Air India, China welcomes move

China on Thursday welcomed Air India's decision to change Taiwan's name to Chinese Taipei on its website and asserted that foreign companies operating in...