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Just in:   • Govt ups GDP growth projection to 7.1 pc  • Sensex down 283 pts on profit booking  • Advance payment norms for exporters relaxed  • Belgium woos Indian exporters  • Himachal seeks another textile park 
Last updated: 17 May, 2010  
 Industry News


Himachal seeks another textile park
SME Times News Bureau | 22 Feb, 2012
Himachal Pradesh Industries Minister Kishan Kapoor Tuesday requested the central government to provide funds for setting up another textile park in the state.
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Idea Cellular seeks clarification on licence cancellation
SME Times News Bureau | 22 Feb, 2012
Telecom service provider Idea Cellular, whose nine licences stand cancelled following an apex court verdict earlier this month, Tuesday said it has filed an application with the registrar claiming it had sought the licences much before 2008.
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Telenor to form new company for India operations
SME Times News Bureau | 22 Feb, 2012
Norway-based Telenor Group Tuesday said it intends to form a new company through which it would carry on its mobile business in India and participate in the upcoming 2G spectrum auction.
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Kingfisher blames tax action for flight disruptions
SME Times News Bureau | 21 Feb, 2012
Kingfisher Airlines Monday admitted that the sudden attachment of its bank accounts by the Income Tax Department has led to the crisis affecting its flight operations, leading to cancellations across its network.
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AI rebuts claims, says not a party in case against ExIm
SME Times News Bureau | 21 Feb, 2012
Rebutting claims of US-based airlines point by point, Air India Monday said it is not a party in the case filed against the American Export Import Bank (ExIm) for giving loan guarantees of USD 3.3 billion to the carrier for buying 27 aircraft from Boeing.
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Indian firm ships sugar packing machine to Sudan
SME Times News Bureau | 21 Feb, 2012
Integrated packaging machinery major Nichrome India has shipped an assembling machine to one of the largest sugar plants in Sudan for packing the sweet crystals, the company said Monday.
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Hero Cycles forays into high-end bicycles
SME Times News Bureau | 21 Feb, 2012
Cycle major, Hero Cycles Monday announced their foray into high-end bicycles with the launch of their brand 'Urban Trail', unveiling the 'Red Dot', the first product of the series Monday.
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No govt bailout for Kingfisher: Ajit Singh
SME Times News Bureau | 20 Feb, 2012
Operations of cash-strapped Kingfisher Airlines continued to be disrupted for the third consecutive day Monday even as the government reiterated that it will not bailout the Vijay Mallya-led carrier.
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Restore silk yarn import duty to 30 pc: Verappa Moily
SME Times News Bureau | 20 Feb, 2012
Corporate Affairs Minister M Verappa Moily has urged the govt to reinstate the import duty on silk yarn to the earlier 30 percent from the prevailing five percent, at the earliest.
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ASSOCHAM calls for drawback benefits in SEZs
SME Times News Bureau | 20 Feb, 2012
For encouraging SEZ units to procure from domestic suppliers and ensure that they are able to maintain export competitiveness, industry body ASSOCHAM Sunday called for duty drawback facility to be extended for supplies even if the payment is made in Indian rupees.
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  Top Stories
» Advance payment norms for exporters relaxed
» Belgium woos Indian exporters
» Sharma holds consultation on MSME transport subsidy
» Marine product exports grow 18.72 pc in Apr–Dec
» India invites US to partner in port development
 
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  Customs Exchange Rates
Currency Import Export
US Dollar
50.20
49.40
UK Pound
78.90
77.15
Euro
66.00
64.40
Japanese Yen 65.40 63.65
As on 23 Feb, 2012
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