Maruti to replace Swift sedan before March
Car market leader Maruti Suzuki India (MSIL) will draw curtains to one of its most successful models on Indian roads -- Maruti Esteem.Source: Daily News & Analysis: Money News | 31 Dec 2007 | 12:53 pm
Tata Steel, SAIL to form JV for coal mining
Tata Steel and state-run SAIL, the country's two biggest makers of the alloy, are all set to form a joint venture to mine coal blocks for securing assured coking coal supply.Source: Daily News & Analysis: Money News | 31 Dec 2007 | 12:39 pm
2007 leaves just one company in sub-crore market cap league
As the year 2007 draws to a close, it saw the bourses showering their bounty as ten new firms joined the elite club of at least Rs one lakh crore market cap.Source: Daily News & Analysis: Money News | 31 Dec 2007 | 12:07 pm
New secretaries for telecom, defence production
Senior Indian Administrative Service (IAS) officer Siddharth Behuria has been named the new secretary at the department of telecommunications, it was announced Monday.Source: IndiaeNews.com: Business News | 31 Dec 2007 | 11:00 am
A wave of change in Indian contemporary art
Meet India's first artist duo of Jiten Thukral and Sumir Tagra, aged 30 and 28 respectively. The communication designers with black spectacles, nerdish faces and little goatees paint the angst and aspirations of Punjabi youth hooked to fake designer labels and a passage to 'Amreeca'.Source: IndiaeNews.com: Business News | 31 Dec 2007 | 10:30 am
Indian retail seen touching $365 billion in 2008
The boom in India's retail sector will continue and top $365 billion in 2008, against $300 billion a year before, says a study by a leading industry chamber released Monday.Source: IndiaeNews.com: Business News | 31 Dec 2007 | 10:00 am
Oil majors to buy into Reliance's East Timor block
State-owned petroleum firms Indian Oil Corp (IOC) and Oil India Ltd (OIL) plan to pick up 12.5 percent equity in Mukesh Ambani-promoted Reliance Industries Ltd's (RIL) oil and gas block in East Timor.Source: IndiaeNews.com: Business News | 31 Dec 2007 | 10:00 am
Production resumes at India's deepest oilfield
Crude oil production from India's deepest oilfield in the Cauvery offshore basin in the Bay of Bengal has resumed after being suspended Dec 18 due to technical problems, field contractors said Monday.Source: IndiaeNews.com: Business News | 31 Dec 2007 | 9:01 am
Year's last trading session opens with a bang
The last trading session of 2007 opened on a high on Indian stock markets, with a key index inching towards another all-time high.Source: IndiaeNews.com: Business News | 31 Dec 2007 | 9:01 am
Indian economy chugging smoothly ahead in 07
From relative obscurity not so long ago, India found itself taking the global centre stage with its enterprises essaying epic deals in 2007.Source: Daily News & Analysis: Money News | 31 Dec 2007 | 7:54 am
High-end property prices unlikely to fall
Thanks to the proposed entry of real estate investment trusts (REITs), realtors are expecting a further firming up of prices for office buildings.Source: Daily News & Analysis: Money News | 31 Dec 2007 | 6:40 am
Dalal Street sees fastest Sensex rally since 2003
The stock market recorded its second-fastest rally in five years as its benchmark Sensex ended the year on Monday with a gain of 47.1 per cent in 2007.Source: Daily News & Analysis: Money News | 31 Dec 2007 | 5:32 am
Starbucks products in India via PVR tie-up
After failing to get government approval to singly open brand retail stores, the world's leading coffee chain Starbucks has finally seen the light of day in India through a distribution tie-up withSource: Business Standard | Front Page Headlines | 31 Dec 2007 | 12:26 am
Bloggers drive Indian IPR agenda
Early this year, Shamnad Basheer, a young intellectual property consultant, pointed out on his blog that a crucial paragraph in the report on patents by the RA Mashelkar panel was an exact copy ofSource: Business Standard | Front Page Headlines | 31 Dec 2007 | 12:25 am
Govt may scrap TDS on co bonds
The finance ministry is expected to announce the abolition of tax deducted at source (TDS) on corporate bonds in Budget 2008-09, official sources told Business Standard.??Source: Business Standard | Front Page Headlines | 31 Dec 2007 | 12:25 am
Delhi to do away with printed stamp paper
Come April 2008 and Delhi will become the first state in the country to do away with printed ?stamp paper?, which is currently mandatory for property-related documentation. ??Source: Business Standard | Front Page Headlines | 31 Dec 2007 | 12:25 am
CEOs see stronger Re, lower interest rates in 2008
Biz heads feel emerging political situation at the Centre could derail the economic reforms. ??Source: Business Standard | Front Page Headlines | 31 Dec 2007 | 12:22 am
Short-term outlook remains bullish
Analysts, economists have mixed viewsSource: Business Line - Home Page | 31 Dec 2007 | 12:00 am
China deal with Morgan Stanley
While the success of such deals as the China Investment Corporation’s stake acquisition in Morgan Stanley can only be determined over time, the way in which the Chinese are utilising American-trained financial expertise to turn the tables on th e US’ distressed giants is an object lesson to India’s political bureaucracy, points out S. VENKITARAMANAN.Source: Business Line - Home Page | 31 Dec 2007 | 12:00 am
Day trading guide
The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss ...Source: Business Line - Home Page | 31 Dec 2007 | 12:00 am
Today's Pick: Bosch Chassis Sys (Rs 420.10)
We recommend a buy in Bosch Chassis Systems India. From the charts of the Bosch Chassis Systems we see that it had been on a medium-term downtrend between June and October (from Rs 600 to Rs 350). However, the stock found support at around Rs 350 ...Source: Business Line - Home Page | 31 Dec 2007 | 12:00 am
Recovery agents: Guidelines may open a Pandora’s Box
It may impinge on the autonomy of banks or inhibit their effortsSource: Business Line - Home Page | 31 Dec 2007 | 12:00 am
Ford India moves into profit lane; Hyundai net slides
Both cos skip dividend; Korean major pays royalty fees to parentSource: Business Line - Home Page | 31 Dec 2007 | 12:00 am
Leaders to work through the year end
As the holiday spirit gets to even the hardened workaholic, it has had no effect on the top politicians across party lines. With one or two exceptions, they prepare to welcome the New Year by workingSource: Business Standard | Front Page Headlines | 30 Dec 2007 | 12:29 am
HCL Tech to reap over $ 50mn through GE tieup: Sources
HCL Tech has signed an agreement with GE to set up and operate GE\'s Global Development Centres in India and China for a period of three years, reports CNBCTV18.Source: Moneycontrol Top Headlines | 11 Sep 2006 | 1:31 pm
HCL Tech to partner GE in development centre
Fifthlargest software developer, HCL Technologies Ltd., said on Monday General Electric had selected it as one of the partners for a global development centre programme, reports Reuters.Source: Moneycontrol Top Headlines | 11 Sep 2006 | 1:21 pm
Mumbai HC to give direction on JetSahara case in 1 week
JetSahara case has come up for hearing in Bombay High Court today. The Mumbai HC is to give direction on JetSahara case in one week, reports CNBCTV18.Source: Moneycontrol Top Headlines | 11 Sep 2006 | 1:13 pm
LML referred to BIFR: Outcome to be known in 810 days
The LML board has referred the company to the Board for Industrial and Financial Reconstruction, BIFR, reports CNBCTV18.Source: Moneycontrol Top Headlines | 11 Sep 2006 | 12:57 pm
Ranbaxy gets FDA okay for loperamide hydrochloride
Drugmaker Ranbaxy Laboratories Ltd. said on Monday it had received approval from the US Food and Drug Administration to market loperamide hydrochloride tablets and simethicone tablets, reports Reuters.Source: Moneycontrol Top Headlines | 11 Sep 2006 | 12:45 pm
Opto Circuits eyeing overseas acquisitions?
CNBCTV18 has learnt that Opto Circuits is scouting for overseas acquisitions and may ink a deal in the next couple of months.Source: Moneycontrol Top Headlines | 11 Sep 2006 | 12:43 pm
Indian retail seen touching $365 billion in 2008
The boom in India's retail sector will continue and top $365 billion in 2008, against $300 billion a year before, says a study by a leading industry chamber released on Monday.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Arming for a global onslaught
Soon after announcing the acquisition of the UK's Corus Plc for $12 billion on January 31, 2007, Tata Group chairman Ratan Tata said, "I believe this will be the first step towards showing that our industry can step off the Indian shores to enter an international marketplace and assert itself as a global player."Source: The Financial Express |
India to be largest market for knee, hip replacements
India is poised to become the largest market for orthopaedic implants (knee and hip) over the next five years.Source: India Business-Business-The Times of India |
The benchmark index may get a 24-carat shine
It looks like 2008 could be the year the Sensex weighs in at 24k. Analysts are bullish, fundamentals have never looked better, foreign money is pouring in and the retail investor is keen. These and much more can combine to power the benchmark index of the Bombay Stock Exchange to dizzying heights.Source: The Financial Express |
Year 2007 ends on optimistic note, Sensex gains 80 pts
Mumbai, Dec 31 (PTI) The year 2007 ended on an optimistic note today with the
Bombay Stock Exchange benchmark Sensex closing 80 points higher on good buying
support from investors following a...
Source: PTI News : Business |
Postcards from the ledge
A credit crunch, a liquidity squeeze, a subprime meltdown-the shape-shifting menace that has vexed the world in 2007 has been all these things. But now it looks like becoming a banking crisis as well.Source: The Financial Express |
Race for RBI top job hots up
Finance secretary D Subba Rao and RBI deputy governor Rakesh Mohan lead the race for the top job at the Reserve Bank of India. A government committee has shortlisted five candidates for the post of RBI governor. Besides Rao and Mohan, the list of contenders includes former adviser to finance minister Parthasarathi Shome, executive director in ADB Ashok Lahiri and executive director in IMF Adarsh Kishore.Source: The Financial Express |
Swan songs
LEAF through the financial magazines at this time of year and they are full of predictions. The five stocks to own! The hottest mutual funds! Wall Street's finest are asked to spell out their forecasts in full.Source: The Financial Express |
Market firm; mid-caps outperform
Stocks remained buoyant as investors were optimistic on the last trading day of what has been a fantastic year for the Indian stock market.Source: India Business-Business-The Times of India |
Fizzy or still?
ITALY'S manufacturing clusters are well known: machine tools north of Milan, jewellery in Valenza Po, tiles in Sassuolo and many more. Less famous is the country's sparkling-wine cluster, the official 'prosecco district' established in 2003 around the towns of Conegliano and Valdobbiadene, north of Venice.Source: The Financial Express |
Uncertainty looms large over 7 SEZs cleared for Goa
New Delhi, Dec 31 (PTI) As uncertainty looms large over the fate of SEZs in
Goa, the Centre will have to go by the advice of the state where large-scale
political opposition has built up against...
Source: PTI News : Business |
Postcards from the ledge
A credit crunch, a liquidity squeeze, a subprime meltdown-the shape-shifting menace that has vexed the world in 2007 has been all these things. But now it looks like becoming a banking crisis as well.Source: The Financial Express |
Intas Pharma plans Rs 300-400 crore IPO
According to sources, the company has begun the groundwork for the IPO and approached merchant bankers a couple of months ago.Source: India Business-Business-The Times of India |
Arming for a global onslaught
Soon after announcing the acquisition of the UK's Corus Plc for $12 billion on January 31, 2007, Tata Group chairman Ratan Tata said, "I believe this will be the first step towards showing that our industry can step off the Indian shores to enter an international marketplace and assert itself as a global player."Source: The Financial Express |
Indian economy chugging smoothly ahead
The year 2007 threw exceptional challenges before the government high inflation, excess foreign funds inflow, threat of overheating, but none that could not be overcome.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Fizzy or still?
ITALY'S manufacturing clusters are well known: machine tools north of Milan, jewellery in Valenza Po, tiles in Sassuolo and many more. Less famous is the country's sparkling-wine cluster, the official 'prosecco district' established in 2003 around the towns of Conegliano and Valdobbiadene, north of Venice.Source: The Financial Express |
Year 2007 ends on optimistic note, Sensex gains 80 pts
The year 2007 ended on an optimistic note on Monday with the Bombay Stock Exchange benchmark Sensex closing 80 points higher on good buying support from investors following a firm trend in other Asian markets.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
2007: a happening year for Indian Inc
India Inc's managers have always had the enterprise, they found the sure shot way to make billions this year and with the billions came the clash of eSource: NDTV News |
Sensex gains 47 pc, total m-cap doubles in 2007
Mumbai, Dec 31 (PTI) Stock market touched stratospheric heights in 2007 as
investors remained bullish on the rapidly expanding Indian economy and
corporate earnings, pushing the Sensex 47 per...
Source: PTI News : Business |
M-cap hits Rs 70 lakh crore in 2007
Investors wealth on the Indian bourses has crossed Rs 70,00,000-crore milestone for the first time in history.Source: India Business-Business-The Times of India |
Gold rallies to all-time high in 2007
Mumbai, Dec 31 (PTI) Gold continued to glitter on the bullion during 2007 and
touched the all-time high of Rs 10,715 per 10 gram towards the end of the year.
Standard gold (99.5 purity) rose by...
Source: PTI News : Business |
Gurgaon-Delhi expressway misses deadline
For thousands of commuters between Delhi and Gurgaon, hope of respite from traffic woes receded as the opening of the 27 km expressway - scheduled for Monday - has been put on hold.Source: webindia123.com |
Dalal Street sees fastest Sensex rally since 2003
Mumbai, Dec 31 (PTI) The stock market recorded its second-fastest rally in five
years as its benchmark Sensex ended the year today with a gain of 47.1 per cent
in 2007.
In absolute terms,...
Source: PTI News : Business |
Oil majors to buy into Reliances East Timor block
State-owned petroleum firms Indian Oil Corp (IOC) and Oil India Ltd (OIL) plan to pick up 12.5 percent equity in Mukesh Ambani-promoted Reliance Industries Ltds (RIL) oil and gas block in East Timor.Source: webindia123.com |
SMEs see high attrition due to Re rise
Small and medium enterprises are witnessing a large scale attrition as the rising value of rupee has impacted margins of these units.Source: India Business-Business-The Times of India |
Indian retail seen touching $365 billion in 2008
The boom in Indias retail sector will continue and top $365 billion in 2008, against $300 billion a year before, says a study by a leading industry chamber released Monday.Source: webindia123.com |
Coal ministry soon to allocate 23 blocks
The coal ministry is in the process of allocating 23 blocks for captive use by public and private sector companies as per directions of Energy Coordination Committee.Source: India Business-Business-The Times of India |
Indian economy smooth, reforms slow
From relative obscurity not so long ago, India found itself taking the global center stage with its enterprises essaying epic deals that redeemed a naSource: NDTV News |
DoPT: No raise of retirement age to 62
There is no proposal to raise the retirement age of Central Government employees from 60 to 62. This was clarified on Monday by the Department of PersSource: NDTV News |
I look up to Narayana Murthy for leadership: Infy CEO
In an hour-long chat on rediff.com, one of India's most respected CEOs talks about leadership, the vision he has for the company, the impact of the rupee, et cetera.Source: rediff Business |
New secretaries for telecom, defence production
Senior Indian Administrative Service (IAS) officer Siddharth Behuria has been named the new secretary at the department of telecommunications, it was announced Monday.Source: webindia123.com |
GSM players may have to cede excess spectrum
GSM operators may face the music as DoT considers the decision of taking away excess spectrum.Source: rediff Business |
A wave of change in Indian contemporary art
Meet Indias first artist duo of Jiten Thukral and Sumir Tagra, aged 30 and 28 respectively. The communication designers with black spectacles, nerdish faces and little goatees paint the angst and aspirations of Punjabi youth hooked to fake designer labels and a passage to Amreeca.Source: webindia123.com |
MF investors exempt from entry fee
As a New Year gift to mutual fund investors, market regulator Sebi on Monday exempted them from payment of entry fee on applications filed directly to the asset management companies (AMC).Source: rediff Business |
Dubai to host global tea forum
Experts from the tea industry around the globe are to meet at the second Global Dubai Tea Forum early next year to discuss best practices in enhancing tea production and marketing worldwide, WAM news agency reported Monday.Source: webindia123.com |
No proposal to raise retirement age to 62
Central govt. brushed aside all rumours about raising the retirement age of its staff from 60 to 62.Source: rediff Business |
India Inc grows, fights for turf in 2007
India Inc's managers have always had the enterprise, they found the sure shot way to make billions this year and with the billions came the clash of egos.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Sensex gains 6,500 points in 2007
The market breadth was extremely positive - out of 2,929 stocks traded, 2,542 advanced, 372 declined and 15 were unchanged on Monday.Source: rediff Business |
Tata Steel, SAIL to form JV for coal mining
Tata Steel and state-run SAIL, the country's two biggest makers of the alloy, are all set to form a joint venture to mine coal blocks for securing assured coking coal supply to meet their increasing production needs.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Dalal Street sees fastest Sensex rally since 2003
The Sensex stood at 13,786.91 points at the end of 2006 and closed the year 2007 at 20,286.99 points on Monday. It crossed seven thousand-point milestones -- from 14,000 to 20,000 marks -- during the year, which is the maximum for a year.Source: rediff Business |
'07 leaves just one company in sub-cr market cap league
As the year 2007 draws to a close today, it saw the bourses showering their bounty as ten new firms joined the elite club of at least Rs one lakh crore market cap, while just one was left in the sub Rs one crore league.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Sensex closes at 20,286 for 2007
Markets closed mixed on Monday, the last trading day of the year 2007, with the benchmark index Sensex at 20,287 making a gain of 0.4 per cent or 80 pSource: NDTV News |
Swan songs
LEAF through the financial magazines at this time of year and they are full of predictions. The five stocks to own! The hottest mutual funds! Wall Street's finest are asked to spell out their forecasts in full.Source: The Financial Express |
Rupee steady at 39.41 a dollar
The rupee ruled steady at 39.41/42 against dollar amid fresh month-end dollar demand from oil refiners and firm equity market. The local unit drew supSource: NDTV News |
The benchmark index may get a 24-carat shine
It looks like 2008 could be the year the Sensex weighs in at 24k. Analysts are bullish, fundamentals have never looked better, foreign money is pouring in and the retail investor is keen. These and much more can combine to power the benchmark index of the Bombay Stock Exchange to dizzying heights.Source: The Financial Express |
Oil prices quoted at $96.35 a barrel
Oil prices rose on Monday due to instability in Pakistan after assassination of Benazir Bhutto. New York's main contract, light sweet crude for FebruaSource: NDTV News |
Race for RBI top job hots up
Finance secretary D Subba Rao and RBI deputy governor Rakesh Mohan lead the race for the top job at the Reserve Bank of India. A government committee has shortlisted five candidates for the post of RBI governor. Besides Rao and Mohan, the list of contenders includes former adviser to finance minister Parthasarathi Shome, executive director in ADB Ashok Lahiri and executive director in IMF Adarsh Kishore.Source: The Financial Express |