Business

India’s retail to grow by 40 percent, predicts CB Ellis

Aug 5th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 5 (IANS) India’s retail market, currently valued at $511 billion, is poised to grow to $833 billion in the next five years, according to commercial real estate services company CB Richard Ellis.



$1 trillion laundered every year in India: Report

Aug 5th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 5 (IANS) Over $1 trillion is being laundered every year by drug dealers, arms traffickers and other criminals in India, according to a report by audit and consulting firm KPMG released here Tuesday.



Sensex closes 383 points up (Second lead)

Aug 5th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 5 (IANS) Indian equity markets closed in the green Tuesday.



‘Airline sector in trouble as number of passengers drops’

Aug 4th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 4 (IANS) The airline sector is in trouble as the number of passengers falls and rising fuel costs inflict a huge loss on the industry this year, according to an aviation agency.



Anil Ambani to buy Newcastle United

Aug 4th, 2008 | By Sindh Today | Category: Business, Sports

London, Aug 4 (IANS) Reliance Communications chairman Anil Ambani is expected to make a series of proposals to the owners of English Premier League football club Newscastle United in a possible 260 million pound takeover bid, newspapers here reported Monday.



Inflation will drop to 9% by next March

Aug 4th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 4 (IANS) Against popular perception that double-digit inflation will persist for more than a year, Prime Minister’s Economic Advisory Council (EAC) chairman C. Rangarajan Monday said inflation could ease down to 8-9 percent by March 2009.



Heavy Engineering Corp bags Rs.7.42 bn order

Aug 4th, 2008 | By Sindh Today | Category: Business

Ranchi, Aug 4 (IANS) Indian public sector engineering major Heavy Engineering Corporation (HEC) has bagged a Rs.7.42 billion order, its largest so far, from the public sector Rourkela Steel Plant (RSP), a company statement said here Monday.



Venture capitalists, private equities to invest over $8.5 bn in India

Aug 4th, 2008 | By Sindh Today | Category: Biz-Tech, Business, India

New Delhi, Aug 4 (IANS) Venture capitalists (VCs) and private equities (PEs) are expected to invest over $8.5 billion (Rs.358 billion) in India over the next five years, according to a report released here Monday.