Business News

Cabinet approves FM radio firms setting up units Posted: 11 Sep 2008 03:02 AM CDT NEW DELHI (Reuters) - The Indian cabinet has approved frequency modulated or FM broadcasters setting up subsidiaries but the foreign investment limit of 20 percent would stay, Information and Broadcasting Minister Priyaranjan Dasmunsi told reporters in a news conference.

POLL - Analysts cut bets on further Indian rate rises Posted: 11 Sep 2008 03:00 AM CDT By Saikat Chatterjee and Swati Bhat

Taiwan unveils $3.7 bln economic stimulus package Posted: 11 Sep 2008 02:46 AM CDT TAIPEI, Taiwan (AP) _ Taiwan's Cabinet announced Thursday it will spend up to 120 billion New Taiwan dollars (US$3.7 billion) in a comprehensive package aimed at lifting the sagging economy.

Alok Ind in pact for organic fair trade cotton Posted: 11 Sep 2008 02:43 AM CDT MUMBAI (Reuters) - Textiles maker Alok Industries said on Thursday it has signed an agreement with Zameen Organic Pvt Ltd to develop organic fair trade cotton.

Bharti Airtel launches $44 million venture fund Posted: 11 Sep 2008 02:41 AM CDT NEW DELHI (Reuters) - Bharti Airtel Ltd, India's No. 1 mobile operator, launched a venture fund on Thursday with an initial 2 billion rupees ($44 million) to promote content and technology development.

Simplex Infra sees 50 pct rev growth in FY09 - CMD Posted: 11 Sep 2008 02:29 AM CDT KOLKATA (Reuters) - Construction firm Simplex Infrastructures Ltd expects 50 percent revenue growth in FY09 from projects in India and abroad, Chairman and Managing Director B D Mundra said on Thursday.

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