Reliance Power to be listed in early Feb
Anil Ambani said Reliance Power Ltd is likely to list on the bourses by early next month, after the country's largest IPO aimed at raising close to $3 billion.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 1:49 pm
DoT may garner Rs 7000 cr revenue from spectrum fee in 2008-09
The government's revenue from spectrum fee levied from mobile operators is poised to more than double to Rs 7,000 crore in 2008-09, without really impacting the tariffs.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 1:35 pm
Chidambaram 'would like' banks to cut interest rates
With inflation within manageable levels and the economy sustaining high growth, Finance Minister P. Chidambaram said he favoured banks lowering interest rates to spur growth and arrest slowdown in credit flow.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 1:30 pm
Chidambaram wants banks to cut interest rates
With inflation within manageable levels and the economy sustaining high growth, FM P. Chidambaram said he was in favour of banks lowering their interest rates.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 1:01 pm
High Court stays DSQ Software chief's bail
The Madras High Court has stayed bail of DSQ Software director Dinesh Dalmia, keeping him in jail for at least another six months. Dalmia is accused of fraud and cheating in a case involving $151 million worth of stocks.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 12:01 pm
Haryana to develop new township near Rohtak
The Haryana government Friday announced that a new township, Sampla, will be developed near Rohtak, about 60 km from the national capital.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 12:01 pm
Bollywood concert at Trafalgar Square, for the cause of widows
He's had global personalities, businessmen and humanitarians from across the world standing with him in his fight for the cause of poor widows and their children. The latest to join Britain-based social entrepreneur Raj Loomba's fraternity is the glitterati of Bollywood, who will be coming together for a Bollywood concert at the Trafalgar Square in London June 23.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 12:00 pm
ICICI venture firm acquires Alved Pharma
ICICI venture firm, RFCL Ltd, said it will acquire Chennai-based veterinary healthcare firm Alved Pharma and Foods Pvt Ltd for an undisclosed amount.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 11:49 am
Chidambaram wants banks to cut interest rates
With inflation within manageable levels and the economy sustaining high growth, Finance Minister P. Chidambaram said he was in favour of banks lowering their interest rates to arrest slowdown in credit flows.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 11:00 am
CPI-M protests move on air traffic management
The Communist Party of India-Marxist (CPI-M) has objected to the government's move to hive off the management and control of air traffic from the Airports Authority of India (AAI) and form a separate entity.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 10:30 am
Kerala animation firm produces BBC cartoon series
Two BBC channels, CBBC and BBC One, will from this week air 'Freefonix', an animated cartoon series co-produced by Toonz Animation India Pvt Ltd, based at the Technopark here.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 10:30 am
Reliance seeks 3.6 mmscmd gas from PMT fields
RIL has sought a minimum supply of 3.6 million standard cubic meters per day of gas for its petrochemical plants from the Panna/Mukta and Tapti fields.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 9:37 am
Ford may remain stakeholder, parts supplier after JLR sale
US auto giant Ford is likely to retain a stake and continue supplying engines and some of the components for Jaguar and Land RoverSource: Daily News & Analysis: Money News | 4 Jan 2008 | 9:36 am
Rajasthan film city project runs into rough weather
An ambitious film city project proposed in the Pink City has been stalled due to differences between the Rajasthan government and an Australian firm that had shown interest in setting it up.Source: IndiaeNews.com: Business News | 4 Jan 2008 | 8:30 am
Inflation rises to 3.5 pc
Higher prices of some manufactured and fuel items pushed the inflation up to 3.5 per cent for the week ended December 22 as compared to 3.45 per cent in the previous week.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 8:14 am
Tata shares up on Jaguar/Land Rover, analysts wary
Shares in Tata Motors Ltd rose more than 2 percent on Friday after they were named as the front-runner for Ford Motor's Jaguar and Land Rover brands.Source: Daily News & Analysis: Money News | 4 Jan 2008 | 7:49 am
E-tax payment may be compulsory
To cover tax payments of Rs 50,000 and above. ??Source: Business Standard | Front Page Headlines | 4 Jan 2008 | 12:29 am
Subdued December for automakers
No respite yet on two-wheelersSource: Business Line - Home Page | 4 Jan 2008 | 12:00 am
Oil at $100 has Govt mulling options on price hike
New Delhi, Jan. 3 Untamed global crude prices that hit $ 100 a barrel on Wednesday may force the Government to take immediate decisions to ease out the losses being suffered by state-owned oil marketing companies. The Petroleum Minister, Mr ...Source: Business Line - Home Page | 4 Jan 2008 | 12:00 am
‘Ford, Tatas must focus on job, plant security’
UK’s union Unite says it will not support the deal otherwiseSource: Business Line - Home Page | 4 Jan 2008 | 12:00 am
Price hurdles for cement resurface in TN
Input costs a concernSource: Business Line - Home Page | 4 Jan 2008 | 12:00 am
Punjab, Haryana may receive rainfall
Contours of what could in all probability be a ‘pincer-like’ approach of the wet climes about to buffet Jammu and Kashmir and the adjoining northwest border are becoming increasingly clear. The India Meteorological ...Source: Business Line - Home Page | 4 Jan 2008 | 12:00 am
Ban maize exports by pvt trade: Poultry sector
‘Prices rising on hoarding, speculation in forward markets’Source: Business Line - Home Page | 4 Jan 2008 | 12:00 am
TRAI proposes bidding for mobile TV licence
Cos taking part in the process will only be given 8 Mhz spectrumSource: Business Line - Home Page | 4 Jan 2008 | 12:00 am
Spectrum for RCom subject to court’s final order: HC
New Delhi, Jan. 3 The Delhi High Court on Wednesday said that any decision by the Government to allocate GSM spectrum to Reliance Communications will be subject to its final order. Hearing a petition filed by the GSM operators, Justice ...Source: Business Line - Home Page | 4 Jan 2008 | 12:00 am
Tatas in final talks for Jaguar, Land Rover
US carmaker Ford said on Thursday India's Tata Motors was the front-runner to buy its European brands Jaguar and Land Rover. ??Source: Business Standard | Front Page Headlines | 3 Jan 2008 | 6:31 pm
Govt prepares for Rs 2 a litre petrol price hike
The government is preparing the ground for an increase in the prices of petrol and diesel in February to partly cushion losses, projected at Rs 70,000 crore this fiscal, which oil marketing companiesSource: Business Standard | Front Page Headlines | 3 Jan 2008 | 6:30 pm
OVL-Hinduja plan $20 bn investment
Oil and Natural Gas Corporation (ONGC), the country's largest oil exploration company, and the UK-based Hinduja group is lining up investment of close to $20 billion (around Rs 80,000 crore) inSource: Business Standard | Front Page Headlines | 3 Jan 2008 | 6:30 pm
Forest dwellers have to produce evidence
Can a tribal living in the jungles be expected to possess a passport? Or a satellite image of his house? The government of India thinks this is possible. ??Source: Business Standard | Front Page Headlines | 2 Jan 2008 | 6:42 pm
`PSUs must meet Clause 49 norms`
Sebi's Damodaran says no exceptions possible. ??Source: Business Standard | Front Page Headlines | 2 Jan 2008 | 6:40 pm
The `people`s car` to go places after Auto Expo
Delhi's Auto Expo starting January 10 will not be the only place where Tata Motors will display its competitively priced Rs 1 lakh car, which will be the cheapest car in the world. ??Source: Business Standard | Front Page Headlines | 2 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
Lee Cooper banks on Future Group
Having forged a 50:50 joint venture with the Future Group, Lee Cooper India is planning to tap into the resources of the former for strengthening its retail foray in the country.Source: Moneycontrol Top Headlines | 28 Apr 2007 | 11:47 am
Zensar targets first time outsourcers with new service
Zensar Technologies turns focus on greenhorn outsourcers with its new initiative `first time offshoring\' portfolio.Source: Moneycontrol Top Headlines | 28 Apr 2007 | 11:43 am
Infosys expands Czech BPO unit
Infosys Technologies has announced the expansion of its nearshore facility in Brno, Czech Republic. It has set up a 400seat facility to provide BPO and IT services to its clients in Europe.Source: Moneycontrol Top Headlines | 28 Apr 2007 | 11:37 am
ToyotaKirloskar expansion in Karnataka hits a bump
A recent High Court ruling may force passenger carmaker Toyota Kirloskar to scout for land outside Karnataka for expanding its operations.Source: Moneycontrol Top Headlines | 28 Apr 2007 | 11:29 am
NTPC offers 3 projects for foreign equity participation
NTPC Ltd is offering three upcoming projects for foreign equity participation, with minority doubledigit stakes on the anvil for these gasbased projects coming up in South India.Source: Moneycontrol Top Headlines | 28 Apr 2007 | 11:24 am
WB govt unwilling to grant license to German firm
After Reliance, it might be Germany\'s Metro that could be up against the Left. The West Bengal government is unwilling to grant a license to Metro for its startup in Kolkata, reports CNBCTV18.Source: Moneycontrol Top Headlines | 27 Apr 2007 | 9:07 pm
Five star hotels resort to dynamic pricing
If five star hotels were expensive last year, then this year they are almost unaffordable. Tariffs are up 1215%. Hotels are resorting to dynamic pricing that works to the advantage of both the hotel and the guests, reports CNBCTV18.Source: Moneycontrol Top Headlines | 27 Apr 2007 | 8:58 pm
No fear of an asset bubble in property market: ICICI Bank
India\'s leading home loan provider ICICI Bank has said there is no fear of an asset bubble in the property market. Affordability though has been hit hard, reports CNBCTV18.Source: Moneycontrol Top Headlines | 27 Apr 2007 | 8:43 pm
Fabulous Fabia
It has been in the pipeline for a while now but that has not, in any way, lessened the interest in the Skoda Fabia hatchback.Source: India Business-Business-The Times of India |
PM for new revolution in science education
Prime Minister Manmohan Singh said that the Centre would work with the state governments and universities for launching a new revolution in modern education, particularly relating to science education.Source: The Financial Express |
Tata Motors rating may be downgraded: Rating agency
Moody's, the global credit rating agency, has said the possible acquisition of Jaguar and Land Rover put pressure on its credit-worthiness.Source: India Business-Business-The Times of India |
TN signs reforms package deal to revive cooperative credit structure
The Tamil Nadu government has accepted the reforms package recommended by a task force headed by A Vaidyanathan on the revival of cooperative credit institutions.Source: The Financial Express |
Inflation rises to 3.50 per cent
Inflation rose to 3.50 per cent for the week ended on December 22, compared to 3.45 per cent in the previous week, mainly due to increase in prices of some manufactured and fuel items.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
AP to follow TN model to bring down IMR
In a bid to bring down the infant mortality rate, the Andhra Pradesh government is looking at the Tamil Nadu model to emulate.Source: The Financial Express |
SBI wants non-life insurance partner
Country's leading lender State Bank of India has invited expression of interest for its proposed foray into non-life insurance segment.Source: India Business-Business-The Times of India |
Rajesh Exports to cut bulk exports, identifies thrust areas
Bangalore-based jewellery maker and exporter Rajesh Exports Ltd will focus on private label exports, diamond jewellery and retail business while reducing the size of bulk exports to add to the company's bottomline in the coming years.Source: The Financial Express |
Business as usual in Maharashtra
If politics is getting in the way of business in West Bengal and Goa, business is working very hard in Maharashtra to circumvent the politics, reports Sujata Anandan.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Kerala to set up Rs 50-cr food park
The Kerala government is readying to set up a Rs 50-crore food park in Wayanad and Rs 15-crore modernised abattoir in PPP in Malappuram.Source: The Financial Express |
China says
Xiao Qiong, 28, stares intently at a group of Chilean teenagers, smiles and says with conviction: "Ni hao!"Source: The Financial Express |
Sebi plans simpler debt issue norms
Capital market regulator Sebi has pitched for simplifying the process of issuing debt in the primary market. The watchdog, with a view to resuscitating the corporate debt market, has proposed that companies which are listed in the equity market need to make only minimal incremental disclosures when they want to issue debt instruments-either public offer or private placement.Source: The Financial Express |
FM would like banks to cut deposit and lending rates by 0.5%
New Delhi, Jan 4 (PTI) Finance Minister P Chidambaram today said he would like
PSU banks to cut deposit and lending rates by half a per cent to spur
investment and consumption so that the economy...
Source: PTI News : Business |
AP to follow TN model to bring down IMR
In a bid to bring down the infant mortality rate, the Andhra Pradesh government is looking at the Tamil Nadu model to emulate.Source: The Financial Express |
Inflation rises to 3.5%
Inflation rose to 3.50% for the week ended December 22, compared to 3.45 per cent in the previous week, mainly due to increase in prices of some manufactured and fuel items.Source: India Business-Business-The Times of India |
PM for new revolution in science education
Prime Minister Manmohan Singh said that the Centre would work with the state governments and universities for launching a new revolution in modern education, particularly relating to science education.Source: The Financial Express |
Paswan to lay foundation of RSP expansion today
Union steel, chemicals & fertilisers minister RamVilash Paswan will lay the foundation for the modernisation and expansion of the Rourkela Steel Plant in Rourkela on Friday.Source: The Financial Express |
China says
Xiao Qiong, 28, stares intently at a group of Chilean teenagers, smiles and says with conviction: "Ni hao!"Source: The Financial Express |
India needs special agricultural zones: Swaminathan
If special export zones SEZs can be set up for promoting manufacturing and services sectors, why not SAZs for the crisis-ridden farm sector to boost food production, asks MS Swaminathan.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Sensex closes at 20,687
Markets closed firm with the benchmark index at 20,687 making a gain of 1.68 per cent or 342 points. The index touched an all time high of 20,763 in tSource: NDTV News |
India's first online serial coming soon
It is time to switch off your TV and log on to the Internet because the country's first online serial would be launched very soon.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Posco approaches SC on steel project
South Korean steel major Posco on Friday approached the Supreme Court for permission to build the integrated plant at Paradip in Orissa, even as it awSource: NDTV News |
Kerala to set up Rs 50-cr food park
The Kerala government is readying to set up a Rs 50-crore food park in Wayanad and Rs 15-crore modernised abattoir in PPP in Malappuram.Source: The Financial Express |
Realty boom hikes stamp duty in Maharashtra
Even though the Maharashtra government has not revised the stamp duty structure, property buyers will have to shell out much more owing to the massive increase in real estate prices across the state.Source: India Business-Business-The Times of India |
Sensex reaches new closing peak of 20,686.89 pts
Mumbai, Jan 4 (PTI) The Bombay Stock Exchange benchmark Sensex today set a new
closing peak of 20,686.89 as investors bought heavy-weight stocks such as ICICI
Bank, L&T and Reliance...
Source: PTI News : Business |
Fiber-to-the-Home Broadband to further expand its reach in Asia-Pacific, says study
Singapore, Jan 4 (ANI/Business Wire India): Broadband access in the Asia-Pacific (APAC) region has experienced significant growth in the past decade, as operators have upgraded their networks in anticipation of future demand for high-bandwidth services.Source: webindia123.com |
Interest rates may come down by 0.25-0.50 pc this quarter
New Delhi, Jan 4 (PTI) The Indian economy may soon see interest rates easing by
quarter to half a per cent, with bankers hinting at a cut in lending and
deposit rates following a request by...
Source: PTI News : Business |
Bangladesh bans import of Indian coal
The Bangladesh government has banned the import of coal from India following high sulphur content and has directed its export-import federation to import coal from Indonesia or China.Source: webindia123.com |
Indices scale new highs
At 11:10 am, the Bombay Stock Exchange's Sensex was up 241 points or 1.18 per cent at 20,586.03, making a new high of 20,607.93. The low was 20,367.94.Source: India Business-Business-The Times of India |
Wholesale prices of Oils, Sugar, Commodities
Following were the wholesale prices (per 10 kg) in the Bangalore Oil market today.Source: webindia123.com |
Indices at high point of the day; ICICI, RIL soar
Frontline shares remained firm, but mid-caps lost some ground as traders sold for profits in recent gainers.Source: India Business-Business-The Times of India |
Batliboi to issue shares worth Rs 100 cr to QIBs
Mumbai-based, Batliboi Ltd today said it will issue shares through a Qualified Institutions Placement (QIP) route to institutional buyers (QIB) amounting to Rs 100 crores.Source: webindia123.com |
Indices end off record highs on profit booking
Equities lost steam towards the end of session on profit booking after touching record highs in the day.Source: India Business-Business-The Times of India |
Oil at $99.34 in Asian trade
Oil prices were marginally higher in Asian trade after breaking the symbolic $100 mark for the second straight day on worries about tight supplies andSource: NDTV News |
Township near Rohtak planned
The Haryana government on Friday announced that a new township, Sampla, will be developed near Rohtak, about 60 km from the national capital. The newSource: NDTV News |
Govt asks RBI to issue Rs 10,000 cr bonds
Govt has asked RBI to issue bonds worth Rs 10, 000 cr to balance the excess liquidity in the market.Source: rediff Business |
Japanese Finance Minister Fukushiro Nukaga meets Chidambaram
Visiting Japanese Finance Minister Fukushiro Nukaga held talks with his Indian counterpart P. Chidambaram here today.Source: webindia123.com |
Ford may retain stake after Jaguar sale to Tata
American auto giant Ford is likely to retain a stake and continue supplying engines and some of the components for Jaguar and Land Rover, even after the sale of the two British luxury brands, media reports said in the United Kingdom.Source: rediff Business |
MSL acquires pipe plant in Romania, relocate to India
Maharashtra Seamless Ltd (MSL), the flagship company of Rs 3,000 crore DP Jindal Group, today said it has completed the acquisition of seamless plant in Romania having an installed capacity of 2,00,000 TPA.Source: webindia123.com |
India keen on a services deal with EU
In the absence of progress on services negotiations in the WTO, India is sending a team of officials to Europe to strike a deal in the services area with the EU under the Bilateral Trade and Investment Agreement.Source: rediff Business |
OPI announces training programme for finance, accounting professionals
Outsource Partners International (OPI), a leading provider of finance, accounting and tax outsourcing services, announced the launch of the Chartered Institute of Management Accountants (CIMA) finance and accounting professional qualification programme.Source: webindia123.com |
India keen on services deal with EU
New Delhi is seeking services deal with EU, due to absence of progress on services negotiations in the WTOSource: rediff Business |
India unaffected by subprime crisis, says Axis Bank
There is no chance of spill over of the US subprime problem into India as the home loan accounts here remained in the safe zone, Axis Bank Retail Assets Head Sujan Sinha said today.Source: webindia123.com |
Reliance Power to be listed in early Feb
Reliance Power announced its IPO plans in Mumbai. It is likely to be listed in Feb and aims at raising close to USD three billion.Source: rediff Business |
India bond yields seen steady before inflation data
Indian federal bond yields are seen steady on Friday ahead of weekly data expected to show inflation remaining low, but as the January 29 policy review nears traders are wary of when record oil prices will feed through to the economy.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Gold versus oil, metals and currencies
When demand for the dollar outstrips the supply, the value of dollars goes up. But the supply of dollars has been rising steadily at an average of 10 per cent annually from less than $1 trillion in 1980 to over $12 trillion today -- and the fundamentals for gold today have much to do with the resulting drop in demand for dollars.Source: rediff Business |
Sensex reaches new peak of 20,686.89 pts
BSE benchmark Sensex also sets a new intra-day record at 20,762.80, while it fell to 20,367.94 during the day.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
ICICI venture firm acquires Alved Pharma
ICICI venture firm, RFCL Ltd acquired Alved Pharma and Foods. RFCL aims at banking on Alved's southern market in animal healthcare business.Source: rediff Business |
FM to start pre-budget consultations from Jan 7
P Chidambaram is set to start pre-budget consultations with representatives of various sectors, starting with agriculture.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
RCom ordered to pay BSNL for interconnection
Passing an interim order, Telecom Dispute Settlement and Appellate Tribunal also directed BSNL to restore RCom's inter- connection within 48 hours of such payment. TDSAT Chairman Justice Arun Kumar said: "I am of a view that the petitioner (Rcom) should deposit an amount of 65 per cent of disputed claim in one week and respondent should restore the connection with 48 hours of the deposit."Source: rediff Business |
Indo-Canadian minister woos Tatas...
Harinder Takhar, the first Indo-Canadian cabinet minister in Canada's biggest province of Ontario, has left for India to hold talks with Indian carmakers for collaboration in the automobile sector.Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Nifty ends at a new closing peak of 6,274.30 at NSE
Mumbai, Jan 4 (PTI) The S&P CNX Nifty today ended at new peak of 6,274.30 on
the National Stock Exchange (NSE) on good buying support from operators and
retail investors on the back of surge in...
Source: PTI News : Business |
Sebi plans simpler debt issue norms
Capital market regulator Sebi has pitched for simplifying the process of issuing debt in the primary market. The watchdog, with a view to resuscitating the corporate debt market, has proposed that companies which are listed in the equity market need to make only minimal incremental disclosures when they want to issue debt instruments-either public offer or private placement.Source: The Financial Express |
US dollar ends cheaper against Rupee
Mumbai, JAN 04 (PTI) The US dollar ended cheaper against the rupee at Rs
39.34/35 per dollar and the pound sterling also finished lower at Rs.77.78/80
per pound at the close of the Interbank...
Source: PTI News : Business |
Rajesh Exports to cut bulk exports, identifies thrust areas
Bangalore-based jewellery maker and exporter Rajesh Exports Ltd will focus on private label exports, diamond jewellery and retail business while reducing the size of bulk exports to add to the company's bottomline in the coming years.Source: The Financial Express |
Inflation rises to 3.5%
Higher prices of some manufactured and fuel items pushed the inflation up to 3.5 per cent for the week ended December 22 as compared to 3.45 per centSource: NDTV News |
TN signs reforms package deal to revive cooperative credit structure
The Tamil Nadu government has accepted the reforms package recommended by a task force headed by A Vaidyanathan on the revival of cooperative credit institutions.Source: The Financial Express |
Rupee at 39.34 against US dollar
The rupee on Friday ended stronger by five paisa at 39.34/35 against the greenback on sustained exporters' dollar sales and buoyant equity markets amiSource: NDTV News |
Paswan to lay foundation of RSP expansion today
Union steel, chemicals & fertilisers minister RamVilash Paswan will lay the foundation for the modernisation and expansion of the Rourkela Steel Plant in Rourkela on Friday.Source: The Financial Express |
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