India's largest public sector lender State Bank of India (SBI) on Tuesday fixed its benchmark lending rate at 7.5 percent, a move raising expectation that private banks and other lenders are also likely to peg their base rate closer to that of SBI to stay competitive in the corporate loan market.
The move by India's top telecom player Bharti Airtel to acquire the African assets of Kuwait's Zain marks the biggest foray of a domestic company into the continent. The landmark deal, estimated at $10.7 billion, raises the level of Indian investments in Africa to $16.7 billion.
Amid protest against fuel price hike in different parts of the country, Chief Statistician Pronab Sen Tuesday said that the move will further stoke inflation, which needs to be taken care of by the government.
The Information Communication Technology and Electronics (ICTE) sector is as important as food and energy, said R. Chandrashekhar, Secretary, Department of Information Technology (DIT) in his inaugural address at the CII Seminar on Collaborative R&D for Moving up the Value Chain in ICTE Manufacturing on Monday.
Heartened by a maturing Indian automobile market, Hyundai Motor has decided to launch at least one new model in the country every year even as moves are afoot to expand the rural marketing network and localise more components.
European Union finance ministers on Friday pledged for tougher sanctions against EU budget rule breakers, a move to contain the debt crisis in the eurozone and calm down financial markets.
In a move to support the construction and use of electric-powered automobiles, the French government is planning to purchase some 50,000 of the vehicles, Environment Minister Jean-Louis Borloo said Tuesday in Paris.
The PMO-backed plan for compulsory government procurement from micro, small and medium enterprises (MSMEs) hit a road-block with three ministries opposing the move, a top level source told a news agency.
Moving beyond strategic issues, India and China will explore avenues of cooperation in agriculture and biotechnology when Chinese Vice-Premier Hui Liangyu holds talks with Indian officials later this week.
The Federation of Indian Exports Organization (FIEO) Thursday strongly reacted to China's recent move to impose a ban on imports of low grade iron ore to the country.
Four state-owned non-life insurers - National Insurance Company, New India Assurance Company, Oriental Insurance Company and United India Insurance Company - are moving towards floating a common health insurance claims settlement agency or third party administrator (TPA).
The country's leading direct selling fast moving consumer goods (FMCG) company, Amway India Enterprises Limited, is targetting annual sales of Rs.2,500 crore by 2012, a top company official said in Kolkata on Tuesday.
Tata Motors is moving steadily on marketing its high horse power world truck developed with south Korean subsidiary Tata Daewoo, a top company official said Tuesday.
Small growers in northeast India are a concerned lot after the Delhi High Court asked the government to "consider carefully" the user industry's demand to bring down import duty on natural rubber - a move that they feel can disturb peace.
The government's move to ban cotton exports is to bring down its prices and to prevent its shortage in the domestic market, said Union Textile Minister Dayanidhi Maran.
The Middle East's leading CEOs are confident that the region is moving toward economic recovery, according to the PricewaterhouseCoopers 13th Annual Global CEO Survey.
US President Barack Obama Wednesday formally threw his weight behind moves in Congress to increase the liability of oil companies for expenses and damages after oil spills.
In an organizational move providing more regional autonomy to Toyota's North American manufacturing operations, the company is making appointments resulting in increased local leadership at its plants.
Major steel manufacturers in the country on Friday raised steel prices for the third time since Jan uary - a move that is poised to result in consumer durable products becoming more expensive.
India Friday said listed companies must have 25 percent minimum public holding to broadbase the shareholding pattern and bring more transparency in capital markets - a move that is expected to see a deluge of primary offers worth nearly $45 billion.
