Business

Business

India earmarks $9bn for rail expansion

INDIA’S government announced plans to spend a record $9bn (£5.89bn) this year to modernize and expand Asia’s largest rail network and promised high-speed trains...

Five Indian startups join Tech Pioneers Community

THE WORLD ECONOMIC FORUM said 100 new startups, including five from India, have joined its Technology Pioneers Community and these include entities from healthcare...

Hindujas plan up to $1 bln Saudi IPO of Petromin

THE HINDUJA Group plans an $800m (£550m) to $1bn (£685m) Saudi initial public offering (IPO) this year of lubricants maker Petromin, an official with...

Rupee goes up 3 paise against American dollar

The rupee made a modest but positive start on Friday by edging up 3 paise to 64.56 against the US dollar. The appreciation in value...

India car sales jump 8.3 per cent

INDIA’S car sales jumped by 8.3 per cent in June from a year earlier, an auto industry body reported on Tuesday (July 10), adding...

Indian Rupee softens 10 paise against dollar

         The Indian rupee weakened 10 paise to 68.26 against the US dollar in early trade on Monday at the Interbank...

Barclays India wealth arm sees 25 per cent annual growth

THE INDIAN wealth management unit of Britain's Barclays expects its business to expand 25 per cent annually for at least three to five years...

Coal India stake sale may clear way

A RIFT between the five powerful labour unions at Coal India Ltd is set to clear the way for Prime Minister Narendra Modi's government...

ArcelorMittal still ‘fully committed’ to India

ARCELORMITTAL, the world's largest steelmaker, said today it remained committed to building steel plants in India, but could abandon existing plans and look for...

Tata Steel to shut UK operations employing 400 staff

Tata Steel is to shut a plant in Wales but has agreed to safeguard jobs elsewhere, the Indian giant announced Monday, as it restructures...