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Tatas term TRAI enquiry on Virgin as "unfair"

Tatas have lashed out at telecom regulator Telecom Regulatory Authority of India for instituting an enquiry into a deal between Tata Teleservices and Virgin Mobile based on press reports, terming the action unfair.
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NABARD plans to raise over Rs 15,000 cr this fiscal

Country's premier agriculture lender, NABARD plans to raise over Rs 15,000 crore this fiscal through the issuance of Bhavishya Nirman Bonds and NABARD Rural Bonds....
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IFC to invest $450 mn in Tata Mundra project

The International Finance Corporation (IFC), a World Bank group, will be investing $450 million in Coastal Gujarat Power Limited's Tata Mundra project to help expand access to electricity in five states of western and northern India....
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Tamil Nadu market downs shutters over Hogenekkal

One of Asia's largest perishable goods markets, Koyambedu, located on the western suburbs of Chennai, remained closed on Tuesday as merchants held protests against Karnataka's opposition to the Hogenekkal drinking water project....
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Markets turn sluggish after overnight recovery

After a brief rally on Monday, the stock markets turned sluggish today with the benchmark Sensex losing 206 points in morning trade in line with weakness in other Asian stock markets. ...
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Tata Consultancy signs pact with US auto major

India's leading software company Tata Consultancy Services Ltd (TCS) has signed a multi-year contract with US-based automobile manufacturer Chrysler LLC to provide a comprehensive portfolio of IT services....
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Reliance Entertainment's Big cinemas to open in US

Reliance Entertainment Private Limited (REPL) is all set to start its cinema chain in the US under the brand name Big from next month. More than 200 theatres will screen Hindi as well as regional films from India. Confirming the schedule, a company official said, "We are still renovating and refitting the cinemas we have acquired in some cities there. A formal announcement about their opening will be made later."...
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Union budget hides more than it reveals: Gurumurthy

Leading economist, S Gurumurthy on Tuesday slammed Chidambaram's budget and said, "The budget accorded by the Finance minister in 2008 hides more than it reveals. India's Fiscal deficit is much higher than actually have been announced by Chidambaram."...
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TCS to open global engineering centre in Pune

IT major Tata Consultancy Services Limited (TCS) will set up a global engineering centre in Pune to provide product services to US-based company ArvinMeritor, an auto component supplier. TCS has signed a five-year multi-million-dollar contract with ArvinMeritor. However, company officials refused to divulge the exact amount....
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Be inclusive for higher growth: Finance Minister

Amid apprehensions of moderation in growth in next fiscal, Union Finance Minister P Chidambaram has asserted that India's economy can easily expand between 10-11 per cent, if half of the population left out from the growth process, is brought into the mainstream of economic activities....
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