Business News – Newsletter for February 20, 2011

Imported edible oils find growing market in India

NEW DELHI – Increasing health consciousness among Indian consumers, aided by growing purchasing power, has led to a spurt in the use of premium imported edible oils like olive and rapeseed and a number of foreign companies are vying with one another to tap the large market.

“There are two main factors which have led … Read more : Imported edible oils find growing market in India.

Bangladesh registers 40 percent hike in apparel exports

DHAKA – Bangladesh has registered a 40 percent hike in its apparel exports in the last six months, with increased exports to India and new markets wrested from global leader China.

With many importers switching from China, Bangladesh has new destinations such as Japan, South Africa, Canada, Australia, New Zealand and some Latin American countries, … Original article on : Bangladesh registers 40 percent hike in apparel exports.

Bangladesh to import Indian jute seeds

DHAKA – Bangladesh will get about 3,500 tonnes of the tosha variety of jute seeds from India to augment its production and may import more to meet the rising demand of jute products.

Named JRO-524, the seeds will be imported as a private sector initiative with the government processing the applications from 840 seed traders, …. Source  : Bangladesh to import Indian jute seeds.

A Kashmir store that pickles your imagination

SRINAGAR – For long, mango pickles have adorned the Indian platter, working as the perfect taste enhancer. But ever tasted peach or strawberry pickle? Or the more exotic fish or mutton varieties? Head to Kashmir’s Sanoo Kashmiri Pickles to savour these interesting assortments.

Lotus stem, knolkhol, mango, citrus fruits, cabbage, carrot, radish, apple, apricot, cherry, …. Original article  : A Kashmir store that pickles your imagination.

Housing turns into costly affair in China

BEIJING – Buying a home in China is now becoming a costly affair for people, as prices of houses are rising with each passing year in many Chinese cities.

The cost of new homes rose more than 10 percent year-on-year in 10 of the 70 cities monitored across China, the Shanghai Daily reported citing the …. Read the original article  : here.

U.S. Polo Assn opens first outlet in Delhi

NEW DELHI – U.S. Polo Assn, a retail brand owned by the governing body of the sport of polo in the US, opened its first independent outlet in India’s capital, a statement said Saturday.

The brand is looking at expanding its footprint by opening several retail stores across the country, the firm said in a … Read more »».

Event to popularise Khadi to be held in Delhi

NEW DELHI – Around 1,000 participants from across India will join in a three-day programme here, including a mass spinning programme, from Tuesday intended to bring Khadi into public discourse and to save it from possible extinction, officials said Saturday.

The programme of ‘Charkha Yoga’ is being organised by the Gandhi Smriti and Darshan Samiti … Read more : Event to popularise Khadi to be held in Delhi.

Sarkozy hails growth of UAE’s economy

Abu Dhabi, Feb 19 (IANS/WAM) Describing the economy of the United Arab Emirates (UAE) as “dynamic, diversified and liberal”, French President Nicolas Sarkozy has said the ambitious policy adopted by the UAE in recent years has reflected on the growth of its national economy.

Sarkozy said French companies were aware about the strength of the … Read : Sarkozy hails growth of UAE’s economy.

NDMC launches disaster management centre

NEW DELHI – The New Delhi Municipal Council (NDMC) Saturday launched its maiden disaster management centre – the fourth such facility in the city – which would provide emergency help during man-made or natural calamities.

The centre at Humayun Road in central Delhi was inaugurated by Delhi Chief Minister Sheila Dikshit. It will be run …. Original source  : NDMC launches disaster management centre.

FICCI ties up with Delhi agency to promote mediation

NEW DELHI – With crores of rupees locked up in commercial disputes, the Federation of Indian Chambers of Commerce and Industry (FICCI) Saturday said that it has teamed up with the Delhi Dispute Resolution Society (DDRS) to popularise mediation.

The tie-up is aimed at creating awareness among corporations so that they opt for mediation …. Source  : Gaea News Network.

Tamil Nadu’s three new SEZs eye Rs.3,400 crore investments

CHENNAI – Tamil Nadu Chief Minister M. Karunanidhi Saturday said here that the three information technology special economic zones (IT-SEZs) set up in the state would attract an investment of Rs.3,400 crore (around $750 million) and create 90,000 jobs in the next five years.

Inaugurating two IT-SEZs in Madurai district and one in Tirunelveli district … Read more >>>.

Haryana to regularise over 1,000 colonies

CHANDIGARH – Over 1,000 illegal colonies in urban areas across Haryana will be regularised and all basic amenities would be provided to their residents, a state minister said here Saturday.

Urban Local Bodies Minister Gopal Kanda said that all illegal colonies in and around several towns of the state would soon be regularised.
Many of … Original source on Gaea Times at : Haryana to regularise over 1,000 colonies.

World urged to show commitment to poor countries

NEW DELHI – A day after India announced a $500-million aid package for the Least Developed Countries (LDCs), the global community was Saturday urged to show its political commitment in addressing extreme poverty and other developmental challenges of such nations.

Issuing a joint statement at the end of the two-day India-Least Developed Countries ministerial conference, …. Original source  : World urged to show commitment to poor countries.

Sensex snaps 3-week losing streak, gains 483 points (Weekly market review)

MUMBAI – A benchmark index for Indian equities markets rebounded nearly three percent in the weekly trade, snapping three consecutive weeks of losses, as inflation moderates and investors take fresh position ahead of the Union Budget.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the week at 18,211.52 points, up … Read more >>.

Late selling pulls Sensex 267 points down Lead)

MUMBAI – Late selling pushed down a benchmark index for Indian equities markets Friday, which closed 267 points lower than its previous close. Broader markets slipped down too.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,564.08 points, closed at 18,238.97 points (provisional), down 267.85 points or 1.45 … Read more »».