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Tata Motors Dec global sales up 33%

  • Tata Motors Dec global sales up 33%

    Tata Motors Dec global sales up 33%

  • Greek PM confident of timely debt talks

    Greece's Prime Minister Lucas Papademos attends a meeting with delegation of the the main private sector union (GSEE) in the Prime Minister's office at the Maximos mansion

    Greek Prime Minister Lucas Papademos promised a debt swap would be clinched in time and dispatched senior officials to Washington on Monday to break a deadlock in talks that has prompted new fears of a disorderly default.

    Athens needs a deal with the private sector, the EU and the IMF to avoid going bankrupt when 14.5 billion euros of bond redemptions fall due in late March, but talks with its creditor banks broke down without an agreement on Friday.

  • Moody's sees pressure on French rating outlook

    Euro notes are seen at the Belgian Central Bank in Brussels

    Ratings agency Moody's said on Monday that France's debt metrics and potential contingent liabilities were putting pressure on the stable outlook for the country's Aaa credit rating and said it would update its position on France later this quarter.

    "The deterioration in debt metrics and the potential for further contingent liabilities to emerge are exerting pressure on the stable outlook of the French government's Aaa debt rating," Moody's said in a credit opinion on France.

  • India to launch Rs 5,000-cr innovation fund by June-July

    A homeless woman prepares bread on a footpath as a child looks on in Ahmedabad

    India plans to launch a Rs 5,000-crore fund by June-July, with an initial capital of Rs 500 crore, to invest in innovations that can generate services and products to uplift the poor, a top government official told reporters on Monday.

    "We need to provide money to those who have ideas but no seed capital," Sam Pitroda, adviser to prime minister on public information, infrastructure and innovation, said on the sidelines of an industry event.

    The fund, named India Inclusive Innovation Fund, will invest in sectors such as agriculture, water, energy and healthcare, Pitroda said, after delivering the keynote address at Grid Week Asia Summit, organised by Indian Electrical & Electronics Manufacturers' Association.

  • Tata, Ambani to meet PM over power issues

    Prime Minister Manmohan Singh drinks after his speech at the University of Dhaka

    Top executives from India's major power companies will meet Prime Minister Manmohan Singh on Wednesday to push for swifter action to improve access to coal and make it easier to get funding, acquire land and get environmental clearances.

    Lack of progress on such issues has held up projects and threatens India's economic growth.

    Tata group Chairman Ratan Tata, his deputy Cyrus Mistry, Reliance Power Chairman Anil Ambani, Adani Power Chairman Gautam Adani and top executives from other private power firms will be part of the delegation, organised by the Association of Power Producers.

    The executives will also meet ministers in charge of finance, coal, petroleum and environment on the same day.

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