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Envoy urges US firms to build partnership with India
Asking the US corporate sector to build a lasting partnership with India in high technology including the defence sector, new Indian envoy Meera Shankar has said that New Delhi is looking at optimising its ability to procure the best equipment from anywhere in the world.

Societe Generale to devise new strategy for insurance sector
Undeterred by the premature end to its life insurance joint venture with Indiabulls Financial Services Ltd, French banking giant Societe Generale is still buoyant on the opportunities in the sector and plans to develop a fresh strategy.

News of the day

Tata Steel net dips 50% to Rs 903 cr
Tata Steel"s net profit dipped 49.4 per cent to Rs 902.94 crore in the second quarter of 2009 compared to Rs 1787.81 crore in the quarter ended September 30, 2008. Its total income plunged 18.23 per cent from Rs 7054.33 crore for the quarter ended September 30, 2008 to Rs 5768.16 crore for the quarter ended September 30, 2009.
Small Business

Scrap M'rashtra decision on taxis, Lalu tells PM

RJD supremo Lalu Prasad has called up prime minister Manmohan Singh seeking his immediate intervention to get Maharashtra government"s decision on giving licence to those who are domicile of that state for the last 15 years rescinded. "I spoke to prime minister over telephone late last evening and requested him to get the Maharashtra cabinet decision rescinded as it is not good for the country"s unity and integrity", Prasad told PTI today. Jan cement sales in high double-digit He said, prime minister assured him of doing the needful in this connection. The Maharashtra government"s decision is an attack on the federal structure of the constitution and would have far reaching repercussions on other states, Prasad told Singh. The constitution provides for every citizen of the country the right to move and settle in any part of the country in search of job, he added.


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