Multinational Nestle Wednesday said it will set up its first research and development facility in India investing around Rs.228 crore to indigenise products in the country.

The Chairman of $3.3 billion Murugappa Group, A. Vellayan, Wednesday took over as new chairman of the Fertiliser Association of India (FAI).

Telangana  Rashtra Samiti (TRS) President K. Chandrasekhar Rao Wednesday assured top honchos of the Indian industry that his party would ensure that the movement for separate Telangana does not
affect the ongoing business ventures in the region.

A benchmark index of Indian equities Wednesday pared some of its intra-day losses to close just below the 20,000-mark as traders booked profit after intense buying activity since last week.

Even before a smear campaign targeting Dabur India's joint venture in Nepal could die down, it is the turn of more than a dozen Indian investors in the thorny hydropower industry to face fresh unease with the opposition Maoist party once again training its sights on them.

Policy makers, strategists, officials and industry experts will converge here Thursday to deliberate on water, energy, waste management and other issues dogging the planned growth of urban India in a burgeoning economy.

Expressing India's concern over the trade restrictive and protectionist policies adopted by the United States in the last few months, Commerce Minister Anand Sharma said such move would "kill innovation and growth".

Fertiliser maker Southern Petrochemicals Industries Corporation (SPIC) will soon start its Tuticorin ammonia and urea plants as it is confident of getting natural gas to power the plants, a top group official said Wednesday.

General Motors India Wednesday inaugurated an LNG facility at its factory premises here for supply of gas to its car manufacturing plant.

Investment flow from Germany to India is set to increase substantially as a majority of German companies operating in the country plan to expand their businesses to sustain long-term growth.