TNM

UK-based Cobra Beer to Set up Wineries in India

UK-based Cobra Beer to Set up Wineries in IndiaUK-based Cobra Beer is looking at setting up wineries in the country besides investing more in expanding the company's beer business in the domestic market.

Cobra Beer Promoter and Chairman Karan Bilimoria said "There are many locations in the country such as Uttarakhand and Karnataka where wineries could be created and we are studying the possibility of setting of wineries in the country".

Praful Patel pushes airlines for lower air fares

Civil Aviation Minister Praful PatelCivil Aviation Minister Praful Patel on Saturday asked the Airline industry to cut air fares for making air travel cheaper in the country. The government has helped the industry and it is waiting for positive response from the aviation companies.

Agriculture growth likely to stay at 4%: Sharad Pawar

Sharad PawarThe ongoing Global financial crisis would marginally affect Indian agriculture sector and it would remain stable at around 4% growth rate. The views were expressed by Union minister for consumer affairs, food and public distribution, Sharad Pawar.

Mr. Pawar was speaking in the sidelines of a conference organized by Forward Markets Commission in Mumbai.

Westinghouse To Delegate Work To Indian Industry

Westinghouse To Delegate Work To Indian IndustryWestinghouse Electric Co. with headquarters in US, expected to supply nuclear reactors to India, would transfer technologies to local firms and would also work closely with industries here.

Westinghouse Vice- President - Government Affairs (Europe), Mr Fernando Naredo said "We will be transferring our technologies to the local industries and even expand them."

He further added, "We buy and build reactors and we give the technology to locals and buy from them, that is our philosophy throughout the world for the last 30 years".

Jet Airways for executive pay cut

Jet AirwaysIndia's largest private airline, Jet Airways is thinking to reduce salaries and perks of its top management in line with its cost cutting measures. Earlier, few days before Diwali, it had decided to lay-off staff, following international credit crisis and loss booked by the airline due to high fuel costs and lower sales.

However, the company had to roll back its decision, following pressure from the government and politicians, who came for help of sacked employees.

Indian Tourism Growth Rate To Fall By 10 % in FY'09: Assocham

Indian Tourism Growth Rate To Fall By 10 % in FY'09: AssochamThe Associated Chambers of Commerce and Industry (Assocham) have declared in a Tourism Committee report that the tourism sector would grow only five per cent in
2008-09, down from the anticipated 15 per cent.

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