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Today's News
September 01, 2010


Q1 growth climbs to 8.8% on back of manufacturing
New Delhi: The economy has expanded 8.8 per cent in the quarter ended June 2010—the fastest pace in nine quarters—on the back of strong manufacturing and services growth.


Tax incentives for business to be investment-linked
New Delhi: The Direct Taxes Code (DTC) Bill has proposed to substitute all profit-linked incentives with investment-linked incentives for businesses that enjoy tax sops under the existing law.


Reliance Ind-Hardy strikes more gas in KG block
New Delhi/ Chennai: Reliance Industries Ltd (RIL) and its partner Hardy Oil and Gas plc have found more natural gas in the Krishna-Godavari basin close to the country's biggest gas field D6, off the East Coast.


Madison World forms JV with UK ad firm
Mumbai: Adman Sam Balsara-promoted Madison World has formed an equal joint venture (JV) with UK-based advertising company Beattie McGuinness Bungay (BMB).


Chennai port gets Rs 100 cr for new hub
Chennai: The Union Shipping Ministry has sanctioned Rs 100 crore (US$ 21.33 million) to the Chennai Port Trust to procure around 125 acres of land from the Tamil Nadu government on a long-term lease to set up a dry port and multi-modal logistics hub near Sriperumbudur special economic zone.


NSL sets up Rs 300-cr textile facility in Guntur
Chennai/ Hyderabad: NSL Textiles, part of the Rs 1,500-crore (US$ 320 million) group that owns Nuziveedu Seeds Ltd, has set up a textile processing facility at Chandolu near Guntur with an investment of Rs 300 crore (US$ 64 million).


Nissan to export Micra thru Ennore port soon
Chennai: Nissan Motor India is likely to commence exports of the Nissan Micra through the Ennore Port in the first week of September, according to Ennore Port Chairman, S Velumani.
 
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