Industrialists pledge to invest in Assam (Mar 10)



Tata stock slumps after Daimler sells stake (Mar 10)
(NEW DELHI) Tata Motors Ltd, India's biggest truckmaker, yesterday fell the most in a month in Mumbai trading after Daimler AG sold its stake, ending ties stretching back more than five decades.


Indian firms keen to buy coal mines in South Africa (Mar 10)
(MUMBAI) Indian steam coal end-users have stepped up their hunt for South African junior coal mines in a bid to secure supply from this year if possible but are finding attractive assets scarce, would-be buyers said on Monday.


Deficit cut expected to help rate policy (Mar 10)
(BANGALORE) Indian central bank governor Duvvuri Subbarao said that the government's plan to narrow the budget deficit makes it easier to set interest rates in the world's fastest-growing major economy after China.


India takes step toward boosting representation of women in politics (Daily Telegraph) (Mar 10)
India took a big step on Tuesday towards approving legislation that would reserve one-third of seats in the country's parliament for women.


Toyota recall Prius model, Prius recall - latest news, updates and details (Mar 10)
Toyota plans to recall the Prius model. Toyota said that it could be the worn accelarators, along with the floor mats for jamming the gas pedals. More than 8.5 million Toyota cars have been recalled globally.


India Inc faces higher gratuity provisioning (Mar 9)
Over 50 per cent of Indian companies will have to make higher provisions in their balance sheets as gratuity expenses. This follows last weeks Union Cabinet decision to raise the tax-free ceiling of gratuity payable to private sector employees from Rs 3.5 lakh to Rs 10 lakh.


RBI to amend rules to control NBFCs turning LLPs (Mar 9)
The Reserve Bank of India (RBI) plans to amend its rules to pre-empt non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms.


States in one-upmanship on crop loan rates (Mar 9)
In their efforts to show that their hearts bleed the most for farmers, several state governments are turning competitive in providing crop loans at concessional or even zero rates of interest.


India's parliament approves bill reserving seats for women (The Canadian Press via Yahoo! Canada News) (Mar 9)
NEW DELHI - India's upper house of parliament voted overwhelmingly Tuesday for a historic bill that would reserve one-third of legislative seats for women, despite a boycott by socialist members.