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The government is expecting to levy import duty on sugar harvest in the month of August as it anticipates a buffer crop, the Union Agriculture Minister Sharad Pawar expressed on Saturday.

He further added that they shall be gathering the sowing information by the first week of August and after that they shall decide upon the issue. He also voiced that the sowing data offered by this date has been very promoting.

There are rumors that Mukesh Ambani is going to completely buyout the Bombay Dyeing brand from the Wadia family. It would end the bittersweet rivalry between the two big business families in India- Wadia and Ambani.

But for the deal to be in its favor, Reliance Industries (RI) needs to fight it out with the Indo Rama and JBF Industries.

The polyester plant of Bombay Dyeing, which is center for the contest, is a loss making unit and had been the reason for the fight between the two families since 1980's.

India's largest retail chain, Future Group has said that it will come up a line of ethnic wears. This will be done in another six months.

It will be the first time that it will start a whole new brand rather than selling ethnic costumes under its umbrella brand anymore.

Possibly the only retail group that managed to come out unscathed during the recession has taken this step so that it give a fresh new brand and also tap the market in the ethnic segment. Name of the brand is going to be Srishti.

PricewaterhouseCoopers (PwC) is planning to recruit more than 2000 employees in the next 3 year in a brand-new service delivery centre which went live in this month in Kolkata. Within its global network it has already employed more than 650 people.

PricewaterhouseCoopers Service Delivery Center (Kolkata) Pvt Ltd is the new entity for this facility which is jointly owned by PwC in India, US, UK, Canada and Australia.

Volkswagen rolling out with its uplifting spirit and an enriching experience the all new second Indian model the Vento for the Indian roads.

The moment with the Vento edging up the near-upright face of the DLF Centre at Connaught Place, the German carmaker's passed the clear and subtle in its own style expressing the message to its rivals that it is gearing up for the mind space, market share and leadership in the C-segment souk.

Assumptions of sturdy first quarter corporate results, inclining amendment in India's GDP growth predictions by the International Monetary Fund and renewal of monsoon pressed up the BSE-yardstick Sensex pointedly by 373 points in the week.

The IMF toasted India's development predictions for the year 2010 to 9.5 per cent, expressing that the encouraging financing circumstances and sturdy corporate profits shall speed up the economic growth. The IMF feels that India's economy shall grow by 8.5 per cent in 2011.