Category: South Asia

NEW DELHI, Jan 23 (AsiaPulse) – Indian food inflation remained in the negative zone for the third straight week, at (-)0.42 per cent for the week ended January 7, mainly due to fall in prices of onion and vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), was at (-) 2.90 per cent […]

MUMBAI, Jan 23 (AsiaPulse) – Indian regulator Sebi has imposed penalty totalling Rs 24 lakh (US$47,788) on 17 entities on charges ranging from non-disclosure of acquisition of shares to involvement in fraudulent trade practices in dealing with shares of Platinum Corporation Ltd (BSE:532117). In separate orders, Sebi fined Platinum Corporation Promoter and Director Pratik Shah […]

NEW DELHI, Jan 19 (Asia Pulse) – The price of a 50-kg bag of cement in India may go up by as much as Rs 9 (USNEW DELHI, Jan 19 (Asia Pulse) – The price of a 50-kg bag of cement in India may go up by as much as Rs 9 (USNEW DELHI, Jan […]

BANGALORE, (Asia Pulse) – India’s Infosys Technologies said it is well on track to meet its target of hiring 45,000 persons this fiscal year and will focus on local hiring. “People addition is on track for 45,000 (employee hiring) target for the financial year 2012. The company will focus on local hiring.We have hired 1,000 […]

MANADO, North Sulawesi, Jan 13 (AsiaPulse) – ASEAN and India have signed an MoU on the promotion of tourism cooperation. The MoU which will serve as an umbrella of cooperation in facilitating tourist travel and visits, was signed by Indonesian Minister of Tourism and Creative Economy Mari Elka Pangestu and Indian Tourism Minister Subodh Kant […]

PUNE, Jan 9 Asia Pulse – India is no match for neighbouring China when it comes to social development indicators, eminent economist and Nobel laureate Amartya Sen has said. “There is a huge gap there (on social front) as China is one of the best performers in terms of social indicators,” Sen said while speaking […]

NEW DELHI, (Asia Pulse) – Expanding its product portfolio in the sports utility and commercial vehicles segments, Indian auto major Tata Motors (BSE:500570) has showcased three new models slated for launch in the next financial year. At the 11th Auto Expo held here, the company also displayed four concept cars equipped with alternate fuel technology, […]

NEW DELHI, (Asia Pulse) – Motorcycle maker India Yamaha Motor plans to set up its third plant in the country, for which it has started scouting for land in Karnataka and Tamil Nadu. The company, which plans to invest Rs 800 crore in the next two years, on capacity enhancement, said it expects to sell […]

NEW DELHI, Jan 6 (AsiaPulse) – Premium car maker Mercedes-Benz on Thursday launched a luxury SUV, M-Class, which is priced at Rs 58-60 lakh, and an open top vehicle, SLS AMG Roadster, that comes for about Rs 3 crore (US$568,830). The German auto major also showcased the future design cues through Concept A-Class and fuel […]

NEW DELHI, Jan 5 (AsiaPulse) – The Indian Prime Minister’s economic advisory panel on Monday suggested that the government take hard decisions like linking prices of petroleum products to global rates in 2012-13 as there will be no political compulsions after Assembly polls in five states are over on March 3. “I think during the […]

Jan 05, 2012 (LBO) – Maldives has reversed a ban spas imposed by the tourism ministery after determining that they were not used for prostitution as alleged by Islamist protestors, a media report said. There have been anti-semitic protests recently about the transport ministry’s decision to allow direct flights from Israel, while a restaurant that […]

MUMBAI, Jan 4 (AsiaPulse) – Starting new year on an upbeat note, Indian giant Reliance Industries (RIL, BSE:500325) on Monday regained its position of the country’s most-valued company and pushed Tata Group firm TCS to the second slot. Tata Consultancy Services (TCS) had dethroned RIL from the pole position in market-valuation charts on December 30, […]