Business

Majority in Bengal Supports Nano Project

Posted on September 4, 2008. Filed under: Business, Politics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

In two years since the land acquisition movement rocked Singur; the Trinamool Chief Mamata Banerjee had come to know well that there were people from among her own rank and file, who clutched on to the Nano Plant in Singur for their livelihood and prosperity. These TMC supporters have now turned against her. TMC dominated [...]

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Tata’s Set to Pullout of Bengal

Posted on September 3, 2008. Filed under: Business, Politics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Disgusted with the “continued confrontation and agitation” at Nano factory in Singur, Tata Motors moved to the serious act on Ratan Tata’s threat to pull out his prestigious small car project from West Bengal. The Tata Motor’s statement said “This decision was taken in order to ensure the safety of employees and contract laborers, who [...]

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Chrome – Google’s free browser launched

Posted on September 3, 2008. Filed under: Business, News, Science & Technology | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Google Inc., owner of the most popular internet search engine introduced a browser to challenge Microsoft’s decade long dominance of the market. The program, known as Chrome, will isolate flawed web pages so users can close them without shutting down the entire browser, and will make it easier to run other applications without downloading them [...]

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Cabinet nod to Companies Bill

Posted on September 3, 2008. Filed under: Business | Tags: , , , , , , , , , , , , , , , , |

A liberal regulatory set up for corporates is on the anvil with the Union cabinet approving the introduction of new Company Bill that will replace the present archaic Companies Act of 1956. The Companies Bill 2008 also paves the way for the formation of a one person company (OPC) that would help start up entrepreneurs [...]

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DLF is set to pullout from India’s largest Public-Private-Partnership

Posted on September 2, 2008. Filed under: Business | Tags: , , , , , , , , , , , , , , , , , , , |

The real estate major DLF has threatened to pull out of the Rs 330,000 million project in Dankuni since no progress has been made in the case for months and the company is yet to get the possession of the land. West Bengal State Urban development minister Asok Bhattacharya said “The project is not making [...]

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Mamata relents under pressure

Posted on September 2, 2008. Filed under: Business, Politics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Mamata Banerjee is scaling down her defiance on the ninth day of the Singur agitation. She said on Monday, “We want work to resume in the factory. We are not against the Tatas. Let these there be talks to resolve the impasse.” Trucks were allowed to roll on Durgapur Expressway, as the agitators were asked [...]

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Global Telecom Companies will not participate in October 3G Auctions

Posted on September 2, 2008. Filed under: Business | Tags: , , , , , , , , , , , , , , , , , , , , |

Telecom Minister A Raja’s statement that 3G spectrum auctions will be concluded by October 2008 has virtually blocked out most new entrants, especially global telecom companies which are already disillusioned by the higher financial entry barrier. Partnering an existing operator to get over this hurdle doesn’t help global entrants either. Investments in Indian Telecom Companies [...]

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Citigroup forecasts India’s GDP at 7.5%

Posted on September 2, 2008. Filed under: Business, Economics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Citigroup has forecasted that investment trend and growth rate in India may weaken as the impact of monetary tightening sets in, with the current fiscal GDP projected at 7.5%. The investment banking giant Goldman Sachs is more optimistic about the situation. They have projected a GDP growth rate of 7.8% for the current fiscal year.
Citigroup [...]

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Obama’s anti-outsourcing policy will hurt US economy

Posted on August 31, 2008. Filed under: Business, Politics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Obama in his acceptance speech following his nomination as Democratic candidate for US presidential post said that he, unlike the Republican candidate John McCain, “will stop giving tax breaks to corporations that ship our jobs overseas, and I will start giving them to companies that create good jobs right here in America.” If Obama indeed [...]

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Mamata Banerjee makes NHAI lose Rs 2.5 million a day

Posted on August 31, 2008. Filed under: Business, Politics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Trinamool Congress agitation in Singur is showing no signs of let up, even after the Honorable Calcutta High Court order to clear Durgapur Expressway (NH-2). Worried with the standoff, West Bengal Governor, Gopalkrishna Gandhi wrote to Trinamool Congress Chief, Mamata Banerjee, urging her to sit for talks. A copy of the letter has been sent [...]

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