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Business

Govt may impose 10 pc safeguard duty on aluminum product imports

India is contemplating 10 per cent safeguard duty on imports of key aluminum products used in the automobile and machinery sector to protect the domestic industry against cheap shipments mainly from China, South Korea, Oman and Iran, an official said.
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BSNL cancels WiMax tender in AP, Maharashtra, Gujarat

State-run telecom firm BSNL today said it has cancelled the current tender to roll out high- speed wireless broadband (WiMax) in the three key circles of Gujarat, Andhra Paredesh and Maharashtra, but ruled out any impact on its expansion plans....
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Expansions, import curbs top on agenda, says MoS Steel

Timely completion of ongoing expansion plans in the domestic steel sector, appropriate fiscal measures to curb the threat of cheap imports, raw material security for steel firms will be top priorities, new Minster of State for steel A Sai Prathap said today....
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Trade between Malaysia, India set to boost further: Minister

Malaysia today said that current economic downturn has not affected bilateral trade between New Delhi and Kuala Lumpur and both the countries expect an increase in trade growth in comparison to last year....
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Gold surges to 2-week high, regains 15-k level on global cues

Gold prices today surged to a two-week high to trade at Rs 15,000 per ten gram on the bullion market, driven by a firming global trend where the metal climbed to a three-month high as weak dollar raised its appeal. Sentiment was also bolstered on the back of a pick-up in buying by stockists and jewellery fabricators....
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Bharti Wal-Mart may invest $100 mn in 4 yrs in opening stores

Bharti Wal-Mart, the joint venture between Bharti Enterprises and US-based Wal-Mart Stores Inc, is likely to invest about 100 million dollars in the next 3-4 years to open 15 cash-and-carry stores in India....
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Obama declares digital infrastructure strategic national asset

Observing that terrorists are using cyber space and modern means of communication in carrying out attacks, including in the case of Mumbai carnage, President Barack Obama has announced measures to strengthen cyber security in the US....
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BRIC summit to discuss global security, economy: Medvedev

All aspects of "global security" and "complexities" in the field of economy in the backdrop of the world financial meltdown will come up during the first "full-format" summit of BRIC nations, including India, Russian President Dmitri Medvedev said today....
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Economic ministers take charge to push reforms, growth

Ministers with the key commerce and industry, petroleum, road transport and highways, and steel portfolios today took charge and made it clear that they "mean business" from the word go, in tandem with better than expected economic growth for 2008-09....
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Good GDP numbers, ministerial statements talk up Sensex

Good GDP growth numbers and hints at oil price deregulation set the tone for the stock markets, with the bellwether Sensex soaring 329 points to nearly a nine-month high of 14,625.25 today....
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