Reliance Retail has terminated services of 400 employees in West Bengal. The company has not been able to start retail operations in the state due to opposition from the political parties and local trader unions. Reliance Fresh recently terminated services of nearly 1000 employees in Uttar Pradesh as well. The company has seen lot of protests in many states across India.

New Delhi: Titan Industries Ltd, watch and jewelry maker anticipates 50 percent growth in its net profit, for the recent fiscal (2007-08).

Bhaskar Bhat, the company’s managing director said that revenue is expected at 31.5 billion rupees as against 21.4 billion rupees in the last fiscal, while the company's EBITDA margin is expected at 11 percent.

Mumbai: Tata Motors has stated that it is really a challenging situation for the Indian automobile business as it is overwhelmed with soaring interest rates and consistently high input cost, with a rising rupee value adding to the woes.

New Delhi: The research team on the flyover collapse in Hyderabad has given a clean chit to Gammon India. The report stated that heavy rains were the main reason for the collapse.

But it added that Gammon had not taken enough care, regardless of facts and skill.

Gammon India has been penalized 10% of the entire project cost.

The report told that the collapse was because of soil erosion caused by digging of trenches by the water board, for which action should be taken against the Greater Hyderabad Municipal Corporation or GHMC.