Wednesday, September 3, 2008

Business News

Business News

Mahindra eyes double-digit sales growth

Posted: 03 Sep 2008 01:47 AM CDT

NEW DELHI (Reuters) - Mahindra & Mahindra, India's top utility vehicle maker, is aiming for double-digit sales growth in 2009/09, a senior official said.

Rise in flower prices hits Onam celebrations

Posted: 03 Sep 2008 01:43 AM CDT

Kozhikode, Sep 3 (IANS) The colourful and often intricate floral patterns called pookkalam, which are made at the entrances to homes in Kerala during the harvest festival of Onam, are a bit smaller this year due to the huge hike in the price of flowers.

Nikkei edges up after oil falls, but gains limited

Posted: 03 Sep 2008 01:23 AM CDT

TOKYO (Reuters) - Japan's Nikkei stock average snapped a two-day losing streak on Wednesday, edging up 0.6 percent after a sharp fall in oil eased fears about inflation and helped Honda Motor Co and other exporters rise.

Fast Retailing eyes store openings in India

Posted: 03 Sep 2008 01:13 AM CDT

Japan's Fast Retailing Co Ltd said on Wednesday it was planning to open its Uniqlo casual clothing stores in Russia and was also considering entering the Indian market.

Tata looking for alternative Nano site

Posted: 03 Sep 2008 01:13 AM CDT

India's Tata Motors Ltd said violent protests had forced it to suspend all work at the Singur plant in West Bengal, where it planned to make the Nano -- billed as the world's cheapest car -- and consider alternative sites.

I-T raid on Ambuja's soyabean plant

Posted: 03 Sep 2008 01:13 AM CDT

Income Tax officials conducted a raid at the soyabean plant owned by Ambujas in Akola and seized documents pertaining to evasion of taxes by the company, I-T department sources said on Wednesday.
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