Business News

POLL - Annual inflation seen at 12.23 pct on Sept 13 Posted: 24 Sep 2008 02:41 AM CDT MUMBAI (Reuters) - India's annual inflation rate is expected to head upwards for a second consecutive week with the rise mainly seen in food and vegetables, a Reuters poll of 11 economists showed on Wednesday.

Nano set to roll out in three variants Posted: 24 Sep 2008 02:35 AM CDT Keeping aside all the controversies of Singur, world's cheapest car, Tata Nano is all set to roll out next month in three petrol variants, standard, deluxe and luxury.

IFC lends $100 mln to India's Idea Cellular Posted: 24 Sep 2008 02:13 AM CDT MUMBAI (Reuters) - IFC, an arm of the World Bank, said on Wednesday it had loaned $100 million to Idea Cellular Ltd to help expand availability of affordable mobile telephone services in the country.

Larsen gets orders worth $1.1 billion Posted: 24 Sep 2008 02:10 AM CDT MUMBAI (Reuters) - Larsen & Toubro Ltd, India's top engineering and construction firm, said on Wednesday it had received orders worth 50 billion rupees ($1.1 billion) in the buildings and factories segment.

Simplex Infra gets order worth 6.3 bln rupees Posted: 24 Sep 2008 02:06 AM CDT MUMBAI (Reuters) - Construction firm Simplex Infrastructure Ltd said on Wednesday it has received an order worth 6.3 billion rupees from Dubai.

Vedanta will not postpone capex - chairman Posted: 24 Sep 2008 02:01 AM CDT MUMBAI (Reuters) - India-focused miner Vedanta Resources Plc will not postpone any of its capital expenditure plans, Chairman Anil Agarwal told an Indian television news channel on Wednesday.

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