Business

    Hindustan Latex to manufacture medical devices

    New Delhi, Aug 21 (IANS) Condom major Hindustan Latex Limited (HLL) Thursday announced it will set up a MediPark near Chennai to manufacture diagnostic devices to boost the Rs.25 billion medical devices market.


    Indian origin Nishita Shah among Next Gen billionaires

    Washington, Aug 21 (IANS) Nishita Shah, 28, an Indian origin businesswoman from Thailand, golfer Tiger Woods and Elon Musk, co-founder of online payment processor PayPal figure on Forbes’ list of next-generation billionaires.

Idea Cellular to invest Rs.8 bn for Mumbai operations (Lead)

Aug 20th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 20 (IANS) The Aditya Birla group-promoted Idea Cellular, which launched its mobile service operation here Wednesday, said it will invest around Rs.8 billion ($186 million) in the current fiscal for its operations in the Mumbai circle.



Government collects Rs.716 bn direct tax, says economy ‘buoyant’

Aug 20th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 20 (IANS) The finance ministry Wednesday announced the direct tax collection between April and July this year amounted to Rs.716.48 billion, and said it was an indication of “a buoyant economy”.



Raheja Developers launch Rs.45-bn engineering SEZ in Gurgaon

Aug 20th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 20 (IANS) City-based realtor Raheja Developers Wednesday said it would set up an engineering-focused special economic zone (SEZ) in Gurgaon on an investment of Rs.45 billion.



Sensex closes 134 points up

Aug 20th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 20 (IANS) The Indian equity markets closed in green Wednesday.



Commodity exchanges told to follow foreign investment norms

Aug 20th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 20 (IANS) Commodity exchanges have to bring their foreign investment component to the prescribed level by June 30, 2009, the commerce ministry said Wednesday.



Telecom watchdog calls for operator-specific calling cards

Aug 20th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 20 (IANS) India’s telecom sector watchdog Wednesday recommended introduction of operator-specific calling cards for both domestic and international long-distance calls.



Equity markets maintain upswing early afternoon (Lead)

Aug 20th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 20 (IANS) Indian equity markets stayed in the green early Wednesday afternoon, with buying interest in realty, metal and capital goods stocks.



Public sector bank employees on strike across India

Aug 20th, 2008 | By Sindh Today | Category: Business, India

Kolkata, Aug 20 (IANS) Work has come to a complete standstill at all state-owned banks here except State Bank of India (SBI) following a one-day token strike Wednesday called by Left trade unions.