UBI to set up banking in 4000 villages by 2012

Kolkata : State-owned financial services company United Bank of India on Sunday announced plans of entering 4,341 villages, currently without banking services, by March 2012.

Bhaskar Sen, Chairman of UBI, said that branches will be opened in 45 villages and

Net Direct Tax collections grow 13.91%

New Delhi: Net direct tax collections during the period April to August 2010 of the present fiscal stood at Rs.1,00,112 crore, up from Rs.87,888 crore in the same period last fiscal, registering a growth of 13.91 percent.

Growth in Corporate Income Tax was

Indo-Oman trade rises to $4.5 billion: Anand Sharma

Muscat: The bilateral trade between India and Oman has risen to $4.5 billion, said Commerce & Industry Minister Anand Sharma here.

The 6th Indo-Oman Joint Commission Meeting held in Muscat on Sunday has reviewed the entire gamut of bilateral economic relati

Cholamandalam launches e-policy

Bangalore : Cholamandalam MS General Insurance Company Limited (Chola MS), a joint venture between Murugappa Group and Mitsui Sumitomo Insurance of Japan, on Monday launched ‘e-Policy’ for all its intermediaries, bancassurance partners and customers across

Andhra Pradesh govt, L&T sign Hyderabad Metro agreement

Hyderabad : The Concession Agreement for the Rs 12,132 crore Public-Private Partnership Hyderabad Metro Rail project was signed on Saturday between the Andhra Pradesh government and L&T Hyderabad Metro Rail Private Limited.

For the project, expected to

Future Group joins Tata Teleservices , enters telecom

Indian retail behemoth Future Group in alliance with Tata Teleservices on Friday stepped into mobile telephony market with the launch of its Talk 24 (T24) brand in West Bengal.

Test marketed in Hyderabad over the past 3 months, the GSM brand aimed specifica

MTS-Delhi launch activity gets GOLD award

New Delhi, Sept 3 : The Delhi/NCR telecom circle launch activity at the DND flyway of MTS, the mobile telephony brand of Sistema-Shyam Teleservices (SSTL), has been awarded as the “Best Product Launch Activation Program” by EEMAX – The Event Management Age

Maruti Suzuki launches 1 mn edition Swift

Maruti Suzuki India Limited, the country’s largest car manufacturer, on Thursday announced the launch of a limited edition of Swift, the iconic premium small car brand (A2 segment).

The “Swift One Million Edition” will be available in a specially cre

Sensex closes flat in lacklustre trade

A benchmark index for Indian equities Thursday closed on a dull note, though broader markets saw more buying activity. A weak opening in the European markets too weighed heavy on the index.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange

SkodaAuto India sales up by 24%

Automobile major SkodaAuto India, a fully owned subsidiary of SkodaAuto a.s., Czech Republic, on Wednesday announced a sales growth of 24% for the month of August over July.

SkodaAuto India’s total sales for August stood at 1511 units.

Thomas Kuehl, D

Will conquer cancer: Lisa Ray, inaugurated Fortis’ Mulund facility

International actress and cancer survivor Lisa Ray on Wednesday said she will ‘conquer’ the disease in her lifetime.

Lisa inaugurated a cancer institute at Fortis Hospitals Ltd’s Mulund facility here on Wednesday.

“Courage, fortitude and the righ

India’s exports rises 13.2% to 76064 crore

India’s exports during July, 2010 were valued at US $ 16240 million (Rs. 76064 crore) which was 13.2 per cent higher in Dollar terms (9.4 per cent higher in Rupee terms) than the level of US $ 14341 million (Rs.69521 crore) during July, 2009.

Cumulative

Maruti Suzuki sales grows 23.6%

India’s largest carmaker Maruti Suzuki India Limited sold a total of 104,791 vehicles in August 2010, growing 23.6 per cent in the month.

This includes exports of 12,117 units. This is the highest ever monthly sales recorded by the company.

The compa

PM launches NTPC-BHEL Plant at Andhra Pradesh

Prime Minister Manmohan Singh laid the foundation stone of NTPC-BHEL Power Projects Private Limited’s manufacturing plant at Mannavaram village in Chittoor district of Andhra Pradesh on Wednesday.

“Availability of affordable power is of critical import

Consumers rate Nokia as India’s Most Trusted Brand for third year in row

Nokia has been ranked No.1 in The Economic Times-Brand Equity’s annual ‘Most Trusted Brands’ survey for 2010 in India, marking Nokia’s recognition as India’s most trusted brand for three consecutive years. Nokia has appeared in the survey since 2005, and has h

HMT signs MOU with REIL for marketing dairy machines

Public sector engineering goods maker HMT Tuesday said it has signed a memorandum of understanding (MOU) with Rajasthan Electronics and Instruments Limited (REIL) for the sale and marketing of its dairy machines and equipment.

According to the company, REIL

NSL Textiles to enter branded apparel segment by Diwali

NSL Textiles, which has built up a business with the concept of “Cotton to Clothing”, will enter the branded apparel segment by Diwali, launching the “Constello” brand, to cater to the domestic market, the company announced here Tuesday.

To start with, the

GDP numbers help Sensex pares losses

A benchmark index for Indian equities recouped some of its intra-day losses to close 61 points lower on a day when bourses globally saw a sell-off.

Investor confidence dipped on the state of the economic recovery in the US and other developed economies. Ind

Vodafone Essar gets Ramadan services

Vodafone Essar, one of India’s leading cellular service providers, to mark the auspicious month of Ramadan has announced an array of value added services for all its subscribers in Kolkata.

The bouquet consists of the Ramadan pack, the Quran Vodafone ale

Rs.8400 cr Bangalore budget focuses on city infrastructure

Seven multi-level parking slots, white topping (cement coat) for main avenues, tree parks, fencing of major open drainages are among the plans to improve the tech hub envisaged in the Rs.8,488 crore 2010-11 budget of the Bangalore civic body.

The budget mak