India Industry News

India business news and economic reviews of Indian industry, stock market updates, budget news.Companies financial reports, launches of automobile industry and other updates online.

A revival in India’s rains is aiding monsoon sown crops and reserves of grains are sufficient to meet shortages from drought that has hit about half the country.

The State Bank of India has reduced 1000 day deposit rates by 25 bps to 7% effective September 8, 2009.

Signs of recovery in India's industry emerged Friday with the latest official data indicating a 6.8 percent growth in July over the like month last year.

Commerce and Industry Minister of India Anand Sharma who is visiting Russia said the two countries need to diversify the bilateral trade and move away from "just commodity" trading to high level investments in sectors like pharmaceuticals, energy, information technology and agro processing.
The two countries agreed that the bilateral trade needs to have an ambitious agenda and set a target of USD 15 billion by 2012, an official statement said.

International Air Transport Association (IATA) today said the Indian aviation industry is estimated to suffer a collective loss of USD 1.5 billion in 2009, with Air India accounting for most of it.