Three tier flyover for Mumbai on anvil
Mumbai commuters might have something more than the metro to look forward to. The state government is considering an ambitious proposal to build a threetier flyover, which can accomodate a train track, an expressway, water piplelines and electric cables, reports CNBCTV18.Source: Moneycontrol Top Headlines | 2 Jan 2008 | 4:30 pm
Trucks are back in demand!
CNBCTV18s Sumantra Barooah reports that trucks may be back in demand. Telang, EDCV, Tata Motors said, India is going to move much faster with road transport. And there\'s going to be more and more polarisation that\'s going to happen.\"Source: Moneycontrol Top Headlines | 2 Jan 2008 | 4:15 pm
Cement volume growth expected at 78% QoQ
Monthly cement sales numbers are expected soon and the cement numbers have a tradition of surprising the markets. QoQ growth is expected to be around 78% reports CNBCTV18\'s research analyst Niraj ShahSource: Moneycontrol Top Headlines | 2 Jan 2008 | 3:35 pm
SREI Infra Fin to generate Rs 250 cr from project
Speaking to CNBCTV18, Sunil Kanoria, Director, SREI Infrastructure Finance said that the company is growing at almost 75% this year, in terms of business. SREI Infrastructure Finance expects to potentially generate earnings over Rs 200250 crore from the Ganga Expressway Project.Source: Moneycontrol Top Headlines | 2 Jan 2008 | 3:24 pm
Goa Govt cant denotify notified SEZs in State: Comm Secy
The Commerce Secretary has said that the central government will not denotify three notified SEZs in Goa, reports CNBCTV18. Cipla SEZ in Goa has committed investment of Rs 500 crore. The decision on Essar\'s Hazira SEZ has been deferred and a 112hectare SAIL SEZ at Salem has been cleared.Source: Moneycontrol Top Headlines | 2 Jan 2008 | 3:01 pm
Logan to help retain Csegment mkt share: MM
Rajesh Jejurikar, Executive VP Sales Marketing of Mahindra and Mahindra, said December Logan sales will be at about 1,500 units, reports CNBCTV18. He hopes to retain 1012% market share in the commercial segment with Logan. They see increased prices by Rs 1,0008,000 from January 1.Source: Moneycontrol Top Headlines | 2 Jan 2008 | 2:31 pm
Rel Comm to move TDSAT on return of excess spectrum
Rel Comm is set to move TDSAT on the return of excess spectrum by GSM operators, reports CNBCTV18.Source: Moneycontrol Top Headlines | 2 Jan 2008 | 1:26 pm
MTNL may invite EoI to develop Mumbai land: Sources
MTNL will announce development plans for Mumbai property in a month, reports CNBCTV18 quoting sources. It is likely to invite EoIs next month for land development. MTNL has over 1 lakh sq ft land in Mumbai, they added.Source: Moneycontrol Top Headlines | 2 Jan 2008 | 1:19 pm
No evidence of 'undesirable' investments in stock markets
There is no no evidence of any 'undesirable' source of investments in the Indian stock markets which are 'extremely well regulated', FM P Chidambaram has said.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 11:35 am
Relief to sectors under stress: Chidambaram
:Next month's union budget will focus on maintaining high growth and give "relief" to sectors under "stress" such as those affected by the rupee appreciation.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 11:33 am
Hyundai, Kia aim to raise 2008 sales on new vehicles
Hyundai Motor and affiliate Kia Motors, South Korea's biggest automakers, aim to increase sales 21 per cent this year selling new cars and sport-utility vehicles in India.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 11:19 am
Trade body urges immediate fuel price hike
The government must bite the bullet on fuel price hike as further delay can worsen the situation for oil marketing companies, the Confederation of Indian Industry (CII) said here Wednesday.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 10:30 am
India's key index climbs to new record
India's key market index, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) scaled a new peak above the 20,500-point level during intra-day trade Wednesday.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 10:00 am
Maruti's exports up 75 percent in December
Indo-Japanese auto major Maruti Suzuki has registered a 51.5-percent jump in exports during the first nine months of this fiscal, though its overall sales grew by just 18.5 percent during the period.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 10:00 am
Reliance Power IPO may raise $2.97 bln
Reliance Power Ltd is set to launch an initial public offering to raise up to $2.97 billion, three investment banking sources close to the deal said on Wednesday.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 9:34 am
Jaipur ropeway project dropped
Rajasthan government's ambitious ropeway project here has been dropped following the forest department's refusal to give clearance.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 9:30 am
Europe to buy groundnut oil from India
Year 2008 has dawned on a cheerful note for Gujarat's edible oil industry, with Europe again importing groundnut oil from India.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 9:00 am
New sops to attract $254-million investment in solar power
The government announced incentives Wednesday to promote solar power generation, which it expects will attract private investments worth Rs.10 billion ($254 million) in the next five years.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 9:00 am
Bajaj Allianz reaches Rs 875 cr capital base
Bajaj Allianz Life Insurance Company on Wednesday said its capital base has grew up to Rs 875 crore with fresh capital infusion of Rs 175 crore.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 8:18 am
SBI Caps to submit report on ONGC's Kakinada project
SBI Caps is likely to submit a feasibility report on ONGC's Rs 25,600 crore export-oriented refinery-cum- petrochemical project at Kakinada in two weeks.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 8:15 am
Markets open on a bullish note
Indian stock markets opened on a bullish note Wednesday but investors were cautious as Asian markets were trading in the red.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 7:30 am
Over a million expected at Jain trade fair
A galaxy of dignitaries, including ruler of Dubai Sheikh Ahmed Bin Saeed Al Maktoum, IT wizard Sam Pitroda, Civil Aviation Minister Praful Patel and Gujarat Chief Minister Narendra Modi will be among the million visitors expected at the second four-day Jain International Trade Organisation (JITO) fair, which opens here Thursday.Source: IndiaeNews.com: Business News | 2 Jan 2008 | 7:30 am
'Short selling by institutional investors from Feb 1'
Market regulator SEBI on Wednesday said it would allow institutional investors to start short-selling from February 1, which was banned way back in 2001.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 7:20 am
Ashok Leyland to launch ALTRUX in more states
Terming as a 'thumping success' its pre-owned trux business "ALTURX", Ashok Leyland Limited, plans to extend it across the country.Source: Daily News & Analysis: Money News | 2 Jan 2008 | 6:03 am
Ringing in the New Year with over a billion SMS
WINDFALL FOR OPERATORSSource: Business Line - Home Page | 2 Jan 2008 | 12:00 am
Hiring moves beyond realm of IT, ITeS
Getting the right person for a job remains a challengeSource: Business Line - Home Page | 2 Jan 2008 | 12:00 am
New Year party continues as 1,146 stocks hit upper circuit
Chennai, Jan. 1 Investors celebrated the first day of 2008 in grand style with the number of stocks hitting the upper circuit filter crossing 1,000 again on the Bombay Stock Exchange. This is the second consecutive day it has happened as the ...Source: Business Line - Home Page | 2 Jan 2008 | 12:00 am
BEL wants employees to ‘chak de’
Bangalore, Jan. 1 Bharat Electronics Ltd is telling its employees to chak de (go for it!) and play the winning team in an increasingly competitive corporate world. The public sector defence ...Source: Business Line - Home Page | 2 Jan 2008 | 12:00 am
NELP VII: HPCL may tie up with LN Mittal group
Adopting consortium approach for acquiring acreages in India, abroadSource: Business Line - Home Page | 2 Jan 2008 | 12:00 am
Demand helps soyabean, meal fetch record prices
Lower US crop, S. America weather uncertainties the reasonsSource: Business Line - Home Page | 2 Jan 2008 | 12:00 am
Indians on a ‘green drive’ as CNG vehicles touch over 3.54 lakh
Demand catching up among passenger cars as wellSource: Business Line - Home Page | 2 Jan 2008 | 12:00 am
PSU insurers upset over new tariff norms
Say there is no level-playing field in IRDA’s guidelinesSource: Business Line - Home Page | 2 Jan 2008 | 12:00 am
RBI clears Catholic Syrian Bank stake sale
The Reserve Bank of India (RBI) has finally cleared the long-pending transfer of Thailand-based Surachan Chawla's 38 per cent stake in Catholic Syrian Bank (CSB). ??Source: Business Standard | Front Page Headlines | 1 Jan 2008 | 6:39 pm
Bitter corporate battles to unfold in courts
India Inc may have made waves across the world for its entrepreneurial spirit in 2007, but back home it made headlines for court battles to settle business rivalry and challenge government decisions.Source: Business Standard | Front Page Headlines | 1 Jan 2008 | 6:39 pm
Chidambaram hints at a `moderation` in tax rates
Says there is a case 'if voluntary compliance increases'??Source: Business Standard | Front Page Headlines | 1 Jan 2008 | 6:38 pm
DoT may take back spectrum from GSM players
The government may soon demand return of the excess spectrum operators of GSM-technology mobile service hold beyond the eligible limit. ??Source: Business Standard | Front Page Headlines | 1 Jan 2008 | 6:29 pm
Despite Corus, RIL group overtakes Tata in market cap
Top ten groups have market cap of over $20 billion. ??Source: Business Standard | Front Page Headlines | 1 Jan 2008 | 6:29 pm
Benadryl, Listerine change hands
Pfizer Ltd, the Indian arm of the world's largest pharmaceutical company Pfizer Inc, is selling four consumer health brands that are household names in India ? Listerine, Benadryl, Caladryl andSource: Business Standard | Front Page Headlines | 31 Dec 2007 | 6:30 pm
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
Kozhikode-Gulf skies to open for pvt carriers this year
Jet Air has been given in-principle nod to operate Gulf flights from Karipur International Airport in Kozhikode, minister of state for external affairs E Ahmmed has said. Jet Air had proposed to fly to Muscat and Doha from Kozhikode from early this month.Source: The Financial Express |
Clause 49 to stay for PSUs: SEBI
Under Clause 49, it is binding upon the listed companies to fill 50 per cent of their boards with independent directors in case they have executive chairman and one-third in case they have non-executive chairman.Source: India Business-Business-The Times of India |
"Our strategy has been to grow faster than the market"
WCCL's CEO Vineet Agrawal speaks to Sarat C Das about company's recent acquisition, competition with Hindustan Lever, and future plans.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
ONGC, Hindujas eye Iran oil fields
Hindujas had been insisting on forming a joint venture company similar to the one the state-run firm had formed with steel baron Lakshmi N Mittal for overseas acquisitions.Source: India Business-Business-The Times of India |
Marutis exports up 75 percent in December
Indo-Japanese auto major Maruti Suzuki has registered a 51.5-percent jump in exports during the first nine months of this fiscal, though its overall sales grew by just 18.5 percent during the period.Source: webindia123.com |
Speed up spectrum allocation: TRAI
The growth of broadband in the country is very slow and below expected level. India had only 2.67 million broadband users by the end of September 2007.Source: India Business-Business-The Times of India |
OTEC begins trial power production
For the ongoing trial production, a floating vessel was also used. Once the trial was successful, power could be generated on a large scale.Source: India Business-Business-The Times of India |
ONGC plans tie-up with Hindujas to develop oil fields in Iran
State-run ONGC plans to partner Hinduja Group to develop oil and gas fields in Iran, company's Chairman and Managing Director R S Sharma said.Source: India Business-Business-The Times of India |
Plethico Pharma closes purchase of Natrol
To consolidate its position as a global player in herbal healthcare products, Plethico Pharmaceuticals Ltd today said it has completed the buyout of US-based Natrol Inc.Source: webindia123.com |
Centre clears 34 SEZs
The Board of Approvals, chaired by Commerce Secretary G K Pillai, gave in-principle clearance to four SEZs, while 30 proposals were granted 'formal' green signal.Source: India Business-Business-The Times of India |
NTPC plants idle on gas shortage
NTPC Ltd has sought 7 million metric standard cubic metres per day (MMSCMD) of Panna-Mukta-Tapti (PMT) gas to meet the shortages faced by its plants, report Deepak Joshi & Samiran Saha.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Relief to sectors under stress: Chidambaram
Next month's union budget will focus on maintaining high growth and give "relief" to sectors under "stress" such as those affected by the rupee appreciation.Source: India Business-Business-The Times of India |
GSM service providers revenue dips by 7.4%
The average revenue per user of GSM service providers has further declined by 7.4%, from Rs 297 in June 2007 to Rs 275 in September 2007, showed the data released by the Telecom Regulatory Authority of India.Source: The Financial Express |
Kerala gunning rice hoarders among big retail
Kerala government is looking into reports that Reliance Retail is hoarding rice in bulk in various Food Corporation of India godowns in the state, according to state food minister C Divakaran.Source: The Financial Express |
ER set to meet earning target this fiscal
Though short by a few notches till November, Eastern Railway is all set to meet earning targets this fiscal.Source: The Financial Express |
Steel major eyeing SE Asia acquisition, says Muthuraman
Tata Steel will continue its pursuit of acquiring steel plants in southeast Asia and elsewhere. The company will also look for raw material sources across the globe.Source: The Financial Express |
VAT effect: edible oils, milk get cheaper in UP
As many as 91 goods, including tea, edible oils,milk products, match boxes and readymade garments, have become cheaper in Uttar Pradesh following the implementation of Value Added Tax regime which comes into effect from Tuesday.Source: The Financial Express |
Indices close at all-time high
Banking shares remained in the lime light while midcaps and smallcaps continued to rally.Source: India Business-Business-The Times of India |
Baume and Merciers RIVIERA XXL MAGNUM watch ideal for modern businessman
Mumbai, Jan 2 (ANI/Business Wire India): Luxury Swiss watchmaker, Baume and Mercier announced the launch of the new XXL MAGNUM model, the RIVIERA featuring new case will appeal to refined sports lovers and aficionados of elegant and understated design.Source: webindia123.com |
Rupee trades in a narrow range
The rupee on Wednesday showed steady trend against the US currency in extremely narrow movements. In lacklustre activity at the Interbank Foreign ExchSource: NDTV News |
Borse Dubai to acquire stake in Nasdaq
The US foreign investment committee has cleared a proposal of Dubais state-owned stock exchange Borse Dubai Limited (BDL) to acquire a stake in Nasdaq, the second largest US equities exchange, WAM news agency reported Wednesday.Source: webindia123.com |
Oil above $96 in New Year trade
Oil began the new year trading higher above $96 a barrel on Wednesday as geopolitical tensions weighed on the market, dealers said. In morning trade,Source: NDTV News |
Sensex down 136 points in morning trading
Sensex tumbled 136 points on the Bombay Stock exchange down on selling at higher levels triggered by weak Asian cues.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Centre clears 34 SEZs
The Centre on Wednesday approved 34 fresh proposals for Special Economic Zones taking the total number of clearances to over 600 tax-free zones. The BSource: NDTV News |
Sensex ends at record level; at 20,465.30
The New Year celebrations in the stock markets have been extended with Sensex setting a new closing level record.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
India's exports up 27% in Nov
India's exports grew by 26.82 per cent in November 2007 to $12.42 billion, a respectable increase in the face of a costlier rupee, but was slower thanSource: NDTV News |
States to pay hefty penalty for power overdrawal
In a serious bid to maintain grid discipline and discourage overdrawal of power by the northern grid, the Central Electricity Regulatory Commission increased the unscheduled interchange ceiling rate to Rs 10 per unit.Source: The Financial Express |
Exports may miss FY08 target
An appreciation in the rupee has severely affected exports. India's exports are not likely to meet the FY08 target.Source: rediff Business |
Steel major eyeing SE Asia acquisition, says Muthuraman
Tata Steel will continue its pursuit of acquiring steel plants in southeast Asia and elsewhere. The company will also look for raw material sources across the globe.Source: The Financial Express |
8 guidelines to make money from IPOs
IPOs offer opportunities for making quick money which few other forms of investment can hope to match, particularly during the market's bull phase.Source: rediff Business |
Kerala gunning rice hoarders among big retail
Kerala government is looking into reports that Reliance Retail is hoarding rice in bulk in various Food Corporation of India godowns in the state, according to state food minister C Divakaran.Source: The Financial Express |
No such thing as 'election Budget': Chidambaram
Next month's Union Budget will focus on maintaining high growth and give 'relief' to sectors under 'stress' such as those affected by the rupee appreciation, said Finance Minister P Chidambaram.Source: rediff Business |
States to pay hefty penalty for power overdrawal
In a serious bid to maintain grid discipline and discourage overdrawal of power by the northern grid, the Central Electricity Regulatory Commission increased the unscheduled interchange ceiling rate to Rs 10 per unit.Source: The Financial Express |
Sensex hits high of 20,529; ends up 165 pts
The Sensex opened with a huge positive gap of 92 points at 20,393, and dropped to a low of 20,077 in early deals.Source: rediff Business |
GSM service providers revenue dips by 7.4%
The average revenue per user of GSM service providers has further declined by 7.4%, from Rs 297 in June 2007 to Rs 275 in September 2007, showed the data released by the Telecom Regulatory Authority of India.Source: The Financial Express |
Goa govt can't denotify SEZs: Pillai
The Centre cannot de-notify three special economic zones that have been notified in Goa, but can cancel others following the state government's decision to scrap such zones, Commerce Secretary Gopal Pillai said on Wednesday.Source: rediff Business |
Bourses link up in the US, Europe and Gulf
Decks are now clear for Dubais state-owned stock exchange Borse Dubai Ltd (BDL) to acquire a stake in US equities exchange Nasdaq. In a related move, Nasdaq and BDL will take over the OMX group, which operates stock exchanges in Nordic and Baltic nations, thus linking markets in the US, Europe and the Gulf.Source: webindia123.com |
Reliance Power IPO to come with 5% discount
Reliance Power may offer retail investors a 5% discount on its upcoming IPO. The company plans to raise up to Rs 11,700 crore through the IPO.Source: rediff Business |
Trade body urges immediate fuel price hike
The government must bite the bullet on fuel price hike as further delay can worsen the situation for oil marketing companies, the Confederation of Indian Industry (CII) said here Wednesday.Source: webindia123.com |
Maruti, Hyundai December sales zoom
The company sold 62,515 vehicles in December 2007 which includes 4,114 units of exportsSource: rediff Business |
Indias key index climbs to new record
Indias key market index, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) scaled a new peak above the 20,500-point level during intra-day trade Wednesday.Source: webindia123.com |
ONGC to shell out higher subsidy payout
ONGC is likely to pay Rs 17,000 cr to subsidise products by the end of this fiscal.Source: rediff Business |
Jaipur ropeway project dropped
Rajasthan governments ambitious ropeway project here has been dropped following the forest departments refusal to give clearance.Source: webindia123.com |
Sensex closes at record level, realty, bank stocks gain
Mumbai, Jan 2 (PTI) The New Year celebrations in the stock markets have been
extended with the benchmark Sensex setting a new closing level record of
20,465.30 points on the Bombay Stock Exchange...
Source: PTI News : Business |
India's Maruti December sales up 10 % on year
India's biggest car maker, Maruti Suzuki India Ltd <MRTI.BO>, said on Wednesday it sold 62,515 vehicles in December, up 10 percent from 56,985 vehicles sold in the same month last year.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
RCom to move High Court for return of spectrum
New Delhi, Jan 2 (PTI) CDMA mobile operator Reliance Communications, whose
Chairman Anil Ambani had accused GSM operators of hoarding spectrum, is
expected tomorrow to move telecom tribunal TDSAT...
Source: PTI News : Business |
ONGC subsidy payout seen at Rs 17K cr in 2007-08
Oil and Natural Gas Corp is likely to pay about Rs 17,000 crore this financial year to subsidise petrol, diesel, domestic cooking gas and kerosene.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
ONGC subsidy payout seen at Rs 17,000 cr in 2007-08
New Delhi, Jan 2 (PTI) Oil and Natural Gas Corp is likely to pay about Rs
17,000 crore this financial year to subsidise petrol, diesel, domestic cooking
gas and kerosene.
"During first half...
Source: PTI News : Business |
Rs 3000 crore Kochi Metro rail project approved
The Kerala Cabinet has approved the Rs 3000 crore Kochi Metro Rail project and sent it to the Centre for ratification, Chief Minister VS Achuthanandan said on Wednesday.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Maruti December sales up 6.88 pc
Mumbai, Jan 2 (PTI) Car market leader Maruti Suzuki India Ltd (MSIL) today
reported a 6.88-per cent increase in its car sales in the domestic market
during December at 58,401 units against 54,640...
Source: PTI News : Business |
Centre clears 34 Special Economic Zones
Centre clears 34 Special Economic ZonesSource: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
ONGC plans tie-up with Hindujas to develop oil fields in Iran
New Delhi, Jan 2 (PTI) State-run Oil and Natural Gas Corp (ONGC) plans to
partner Hinduja Group to develop oil and gas fields in Iran, company's Chairman
and Managing Director R S Sharma said...
Source: PTI News : Business |
VAT effect: edible oils, milk get cheaper in UP
As many as 91 goods, including tea, edible oils,milk products, match boxes and readymade garments, have become cheaper in Uttar Pradesh following the implementation of Value Added Tax regime which comes into effect from Tuesday.Source: The Financial Express |
Work on Tata Steel's Orissa project to start before end of March 2008
Tata Steel, which is awaiting the Orissa government's approval for iron ore mining lease, will start construction work on its 6 million tonne per annum green field project before the end of March 2008.Source: The Financial Express |
Kozhikode-Gulf skies to open for pvt carriers this year
Jet Air has been given in-principle nod to operate Gulf flights from Karipur International Airport in Kozhikode, minister of state for external affairs E Ahmmed has said. Jet Air had proposed to fly to Muscat and Doha from Kozhikode from early this month.Source: The Financial Express |
Closing high of 20,465 for Sensex
Markets closed firm with the benchmark index at 20,465, an all time closing high, making a gain of 0.81 per cent or 165 points. The index hit an all tSource: NDTV News |
ER set to meet earning target this fiscal
Though short by a few notches till November, Eastern Railway is all set to meet earning targets this fiscal.Source: The Financial Express |
Relief to sectors under 'stress': FM
Next month's union budget will focus on maintaining high growth and give 'relief' to sectors under 'stress' such as those affected by the rupee apprecSource: NDTV News |
Work on Tata Steel's Orissa project to start before end of March 2008
Tata Steel, which is awaiting the Orissa government's approval for iron ore mining lease, will start construction work on its 6 million tonne per annum green field project before the end of March 2008.Source: The Financial Express |