Sunday, July 27, 2008

Business News

Business News

India signs agreement with US to carry out lunar exploration

Posted: 27 Jul 2008 02:28 AM CDT

Silicon Valley, Jul 27 (PTI) India, along with seven other countries, has signed a landmark agreement with the United States to carry out lunar exploration.

India set to become manufacturing hub of luxury brands

Posted: 27 Jul 2008 01:19 AM CDT

New Delhi, July 27 (IANS) With disposable incomes increasing in India, the country is poised to become a manufacturing hub for global luxury brands over the next five years, a report to be released Monday by the Federation of Indian Chambers of Commerce and Industry (Ficci) and Yes Bank said.

Federal Bank buys 5 pct in Catholic Syrian Bank - paper

Posted: 27 Jul 2008 01:12 AM CDT

MUMBAI (Reuters) - India's Federal Bank has bought 5 percent shares of unlisted Catholic Syrian Bank (CSB) and is in the process of winning the support of CSB shareholders for a full-fledged takeover, a newspaper reported on Sunday.

India will be Hyundai's small car hub

Posted: 27 Jul 2008 12:49 AM CDT

New Delhi, July 27 (IANS) The $75-billion Hyundai Motors, the world's fifth largest auto maker, has decided to make India its global hub for small cars, the company's chief executive for the Indian market has said.

U.S. ready to talk about temporary visas at WTO

Posted: 26 Jul 2008 11:09 PM CDT

By William Schomberg and Jonathan Lynn

Blasts will not affect investment climate: Bangalore's industry leaders

Posted: 26 Jul 2008 10:38 PM CDT

Bangalore, July 27 (IANS) The serial bomb blasts that shook India's IT hub Friday will not have any negative impact on Bangalore's reputation as a peaceful city and safe investment destination, industry leaders say.

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