Ambani launches fresh attack on Bharti, Vodafone, Idea

Reliance Communications Chairman Anil Ambani on Monday launched a fresh attack on the GSM trio -- Bharti, Vodafone and Idea.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 12:20 pm

Cranes Software acquires US-based firm

Bangalore-based Cranes Software International Ltd (CSIL) has acquired US-based Engineering Technology Associates (ETA), a company specialising in computer-aided engineering products for the automotive industry.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 11:32 am

India Inc readies for more business with China

Corporate India is readying to cash in on the China challenge with top business honchos accompanying Prime Minister Manmohan Singh to Beijing Sunday, putting the spotlight on burgeoning business ties between the two rising Asian powers.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 11:31 am

HC fixes March 25 for final hearing on AI-IA merger issue

The Delhi High Court fixed March 25 as the date for a final hearing on a petition challenging the merger of Air India and Indian into a new entity.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 11:31 am

Aussie Brand Ambassadors may be a problem for Indian firms

Brett Lee stares at you from the hoarding and tells you the time; Ricky Ponting stands up for an engine oil's reliability while Adam Gilchrist has in the past told Indians why they should buy a certain washing machine or refrigerator. Add to them, Michael Clarke, recently signed up by an Indian event management company.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 11:30 am

Power shortage hits Rajasthan

In the grip of a power crisis, Rajasthan government has decided Monday to impose power cuts in the state.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 10:31 am

L and amp;T wins $330-million contract in Rajasthan oilfields

Private engineering and construction firm Larsen and amp; Toubro Ltd (L and amp;T) will build civil infrastructure and undertake electromechanical work worth Rs.13 billion ($300 million) for Cairn India's oilfield development project in Rajasthan, the company said Monday.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 9:31 am

Suzlon to supply wind power turbines to Spain

Suzlon Wind Energy A/S, an overseas arm of private wind power equipment firm Suzlon Energy Ltd, will supply wind power turbines to Spain, the company said Monday.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 9:31 am

Indian markets open weak

A key Indian financial market index tanked 250 points within a few minutes of opening Monday on the back of downward swings in world markets.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 8:30 am

Reliance and Tata to buy Himachal peaches

Private sector companies are showing interest in buying fruits directly from farmers in Himachal Pradesh. After the Adani group, Reliance Retail and Tata Chemicals will also buy peaches grown in the Rajgarh region of the state.
Source: IndiaeNews.com: Business News | 7 Jan 2008 | 8:30 am

Bill Gates headlines consumer electronics

Microsoft co-founder Bill Gates unofficially opened the world's largest consumer electronics tradeshow in Las Vegas, heralding the onset of a new 'digital decade'.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 6:49 am

Sensex dips by 249 pts on profit booking

The Bombay Stock exchange benchmark Sensex fell by 249 points in early morning trade on emergence of profit selling by funds at the exiting higher levels.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 6:24 am

SBI board to meet on Jan 14 for rights issue

State Bank of India said its Board will meet on January 14, to consider the issue of increase in the issued Capital of the Bank through Right Issue.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 6:16 am

L&T bags over Rs 1,300 cr order from Cairn India

L&T said it has bagged two contracts worth over Rs 1,300 crore from Cairn India for construction related works for the Northern Area Development Project in Rajasthan.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 6:13 am

Six planes for Rs5,000 cr: Are we paying too much?

The nearly Rs5,000-crore deal is under negotiation with the United States government under its foreign military sales (FMS) programme.
Source: Daily News & Analysis: Money News | 7 Jan 2008 | 5:21 am

Public sector banks may decide on interest rate cut soon

Committees likely to study Finance Minister’s suggestion
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

IT counters suffer most

MTNL in the limelight
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

GTI challenge: Steering the success story

Success throws up new challenges. This is what the management of Gateway Terminals India Private Ltd (GTI) is now realising. But first the success story.GTI’s container handling terminal at Jawaharlal Nehru port was commissioned in ...
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

Construction work will begin as scheduled: Posco

Bhubaneswar, Jan. 6 Even as Posco India continues to face opposition to its steel plant project, captive port venture and proposed mining, the company is hopeful of starting construction work on its proposed 12 million tonne steel plant on ...
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

Today's Pick: RTS Power Corporation (Rs 234.50)

We recommend a buy in RTS Power Corporation. From the weekly chart, we note that the stock has been on a steady long-term uptrend from the March 2007 low of Rs 92. However, the stock met with a resistance at Rs 230 in September 2007. Since then, ...
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

Gold may move higher, but with corrections

Commodities begin 2008 with a bang
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

Dollar decline and solutions

Fred Bergsten, the American economist, has put forward a novel proposal to help solve the problem of the dollar. He suggests that the IMF create special drawing rights (SDRs) into which the dollars held by various countries could be deposited.
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

Reliance, ONGC in talks for sharing of rigs

Facilitating smooth operations in exploration and production activities
Source: Business Line - Home Page | 7 Jan 2008 | 12:00 am

Business cascades over ecology in Sikkim

A gold rush is on in Sikkim for hydroelectric projects. Entrepreneurs from across the country have rushed to the Himalayan state to set up hydel projects, some with no experience in the sector, as the
Source: Business Standard | Front Page Headlines | 6 Jan 2008 | 11:57 pm

Daimler to buy 26% in Sutlej Motors

To jointly build buses for Q1 2008 launch. ??
Source: Business Standard | Front Page Headlines | 6 Jan 2008 | 11:57 pm

Tata may hire Ford exec for Jaguar, Land Rover

Sunday Times says top European official in sight. ??
Source: Business Standard | Front Page Headlines | 6 Jan 2008 | 11:56 pm

Subprime crisis to hit 4 big banks` profits

SBI, ICICI, BoB, BoI to book losses on credit derivatives. ??
Source: Business Standard | Front Page Headlines | 6 Jan 2008 | 11:55 pm

Pullback rally in base metals to continue

Commodity markets witnessed a surge in turnover as players returned from the festive season and participated in the rally in bullion and energy counters.
Source: Daily News & Analysis: Money News | 6 Jan 2008 | 10:29 pm

Dragon in full force at Expo

No fewer than 300 Chinese and 100 Taiwanese automobile component makers will descend for a week on New Delhi's Pragati Maidan on January 9 to display their products and bag customers at the Auto Expo
Source: Business Standard | Front Page Headlines | 5 Jan 2008 | 11:50 pm

Power IPOs set to cross Rs 30,000 cr mark this year

To match last year's total fund mobilisation. ??
Source: Business Standard | Front Page Headlines | 5 Jan 2008 | 11:50 pm

Chatwal plans mega hotel projects in Punjab

Sant Singh Chatwal, the Indian-American hotelier and a friend of the Clinton family, plans to convert the historic Gobindgarh fort at Amritsar into a seven-star hotel.??
Source: Business Standard | Front Page Headlines | 5 Jan 2008 | 11:49 pm

Jet to take Shanghai shortcut

Battling to grab market share on international routes, Jet Airways has drawn up plans to make China a hub for flying to popular destinations like San Francisco and Los Angeles on the US west coast and
Source: Business Standard | Front Page Headlines | 5 Jan 2008 | 11:49 pm

Govt redrafting Broadcasting Bill, may up FDI to 74%

Facing severe criticism from the industry, the government today said it is in the process of redrafting the controversial Broadcasting Bill, besides considering FDI in the cable segment to 74% from the current 49%, reports PTI.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 6:53 pm

IBF to defer 25% surcharge: Srcs

CNBCTV18 has learnt that the Indian Broadcasting Federation will defer 25% surcharge.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 4:46 pm

Patni signs $200 m deal with \'The Carphone Warehouse\'

Patni has signed a USD 200 million deal with UKbased The Carphone Warehouse, reports CNBCTV18.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 3:17 pm

No proposal to ban PNotes: Damodaran

M Damodaran, Chairman, Sebi, said 18 months are sufficient to wind down positions.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 12:20 pm

PNs can invest in India, but as FIIs: FM

Finance Minister P Chidambaram has issued a statement after the market tanked clarifying Sebi stand on PNotes.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 10:49 am

Crude prices rise, trades above $ 87/bbl

Crude prices traded above the USD 87 mark on speculation that Iraqi oil exports may be disrupted if Turkey takes military action against Kurdish militants. In after hours access trading, crude was trading on the Nymex at USD 87.51 per barrel down 10 cents.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 9:11 am

Future Group building FMCG brands out of food labels

The Future Group, is taking its food and beverage private label venture to the next level, through active instore branding and marketing initiatives, in an attempt to develop the brands as any other FMCG product.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 8:44 am

SEBI plans curbs on FII participatory notes

Market regulator SEBI on Tuesday proposed restrictions on the issue of participatory notes by Foreign Institutional Investors, in an apparent bid to stem the unceasing inflows into the booming Indian stock market.
Source: Moneycontrol Top Headlines | 17 Oct 2007 | 8:40 am

Marksans Pharma buys Hale Group

Marksans Pharma on Monday said it has acquired UK-based pharma company Hale Group for an undisclosed amount.
Source: India Business-Business-The Times of India |

Hardware, software makers may soon be able to invest in SEZs

Plans to build integrated townships of up to 40 sq km in area would keep the cost-competitiveness of the IT sector going even after the tax breaks offered the Software Technology Parks of India scheme come to an end in 2009.
Source: The Financial Express |

Key indices close moderately higher

After a shaky start, key indices gained momentum Monday to close in positive territory led by banking and FMCG stocks.
Source: India Business-Business-The Times of India |

Chatwal to build 7-star hotel in Punjab

The Punjabi diaspora is all set to get its home state a 7-star shine with big ticket investments planned for the region. Counted amongst Punjab's most noteworthy expats, New York-based hotelier Sant Singh Chatwal has announced to invest about Rs 5,000 crore across India to develop 25 hotels over a period of four years.
Source: The Financial Express |

Reliance Power to invest $28 billion in 13 projects

Reliance Power Ltd will generate over 28,000 MW of electricity by building 13 projects in the next 6-7 years with an investment of $28 billion.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

HP will go the Gujarat way to set up SEZs: Dhumal

Chalking out a path of industrial growth for Himachal Pradesh, chief miister Prem Kumar Dhumal has said that his government will adopt the "Gujarat model" for development of special economic zones in the state.
Source: The Financial Express |

HDFC Bank to foray into investment banking

HDFC Bank has obtained the requisite merchant banking licence from Sebi and is in the process of setting up its team.
Source: India Business-Business-The Times of India |

DoT doubts Spice's eligibility for licences

In a setback to Spice Telecom, the government has put a question mark on the BK Modi-led firm's eligibility for licences in 20 circles, on the ground it may not have the required net worth as on the date of application.
Source: The Financial Express |

Indiabulls to raise 1 bn dollars from int'l market

Domestic brokerage major Indiabulls financial Services said it will raise one billion dollars through issue of international securities.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Himachal calls for bids to set up 8 hydel projects

The Himachal Pradesh government has identified eight hydel power projects to generate 1,481 mw electricity in the state, bids for which have been invited from global as well as domestic companies.
Source: The Financial Express |

No bonus shares from OMCs

Public sector oil marketing companies Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum have informed the Department of Public Enterprises that they have no immediate plans to issue bonus shares. This is in response to the recent recommendations made by the government's inter-ministerial committee. In a review of performance, the committee had asked all 'navratana' PSUs, whose reserves are in excess of three times their paid-up capital, to consider issuing bonus shares.
Source: The Financial Express |

A country on the brink

For some time Pakistan has been the main contender for the title of most dangerous country on earth. Since the murder of Benazir Bhutto on December 27 its claim has been strengthened. People are right to be worried.
Source: The Financial Express |

Eicher Motors December sales up 2.7 pc

New Delhi, Jan 7 (PTI) Commercial vehicle maker Eicher Motors today reported a 2.7 per cent increase in its sales during December, 2007 at 2,233 units as against 2,174 units in the same month...
Source: PTI News : Business |

HP will go the Gujarat way to set up SEZs: Dhumal

Spice Tele faces net worth hurdle

Spice Telecom, which has applied for 20 Unified Access Services Licences (UASL), is facing threshold qualification issues on account of net worth problems.
Source: India Business-Business-The Times of India |

Hardware, software makers may soon be able to invest in SEZs

Supermarket JV likely as Trent, Infiniti end tussle

No bonus shares from OMCs

Cyberdude: The Problem with Google

Google has a major amnesia problem which the media has so far largely ignored. The problem is it has a knack for launching applications with a bang. Thereafter they end up with a whimper. Puneet Mehrotra tells us...
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Oil prices eases to $97.20 a barrel

World oil prices eased further from the historic $100 a barrel level after weak US employment data fanned worries about recession and demand in the wo
Source: NDTV News |

IPOs to take investors' wealth to Rs 100 trillion

Dalal Street may soon become an abode for Rs 100 trillion worth of wealth by the virtue of India Inc's capital raising spree from public issues alone.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Destination China for India Inc

Corporate India is readying to cash in on the China challenge with top business honchos accompanying Prime Minister Manmohan Singh to Beijing on Sunda
Source: NDTV News |

Himachal calls for bids to set up 8 hydel projects

Tax-free bonds for housing, SMEs mooted

The move is part of a strategy being mooted by the three institutions to meet the growing capital needs of the small scale sector, farming and housing.
Source: India Business-Business-The Times of India |

Indiabulls to raise 1 bn dollars from int'l market

Mumbai, Jan 7 (PTI) Domestic brokerage major Indiabulls financial Services today said it will raise one billion dollars through issue of international securities. The company would seek...
Source: PTI News : Business |

ICML launches upgraded Rhino, to introduce World Car

The International Cars and Motors Ltd (ICML) today launched its upgraded version of its 100 bhp MUV Rhino Rx, with prices starting from Rs six lakh.
Source: webindia123.com |

Dhaka postpones BIMSTEC ministerial meet at last minute

Dhaka, Jan 7 (PTI) Bangladesh has postponed the ministerial meeting of seven-nation group BIMSTEC on poverty alleviation citing "poor response from the member nations" as the reason, officials...
Source: PTI News : Business |

Cranes Software acquires US-based firm

IndianOil seeks tie-ups for oil, gas exploration

IndianOil chairman Sarthak Behuria said the petroleum major is ready to join hands with Mukesh Ambani-promoted RIL, ONGC, Gail (India), and even foreign companies.
Source: India Business-Business-The Times of India |

Reliance Power to invest $28 billion in 13 projects

Reliance Power Ltd, part of the Reliance Anil Dhirubhai Ambani Group (RADAG), will generate over 28,000 MW of electricity by building 13 projects in the next 6-7 years with an investment of $28 billion.
Source: webindia123.com |

Reliance Power eyes Dabhol

Anil Ambani group firm Reliance Power seems to have set its sights on acquiring the beleaguered Dabhol power project once it is put on the block by its new owners.
Source: India Business-Business-The Times of India |

UAE economy reducing dependence on oil

The United Arab Emirates (UAE) will have 70 percent of its gross domestic product generated from real estate and financial services by 2010, reducing dependence on hydrocarbon sectors, a report has said.
Source: webindia123.com |

PM alarmed by rise in crude prices, to consider all options

Manmohan Singh expressed concern at the rise in international oil prices and said that all possible options, including a fuel price hike and duty cuts, will be considered to deal with the situation.
Source: India Business-Business-The Times of India |

Gold eases on lack of buying support

Gold prices declined by Rs 5 to Rs 10,975 per ten gram in the bullion market on Monday on lack of buying support amid reports of a weak global trend.
Source: NDTV News |

Markets flat, banking gains

Markets closed mixed on Monday with the benchmark index at 20,812 making a gain of 0.61 per cent or 126 points. The index touched an all time high of
Source: NDTV News |

REL, GMR in race for Singapore power firm

ADA Group's Reliance Energy and GMR Infrastructure are the two Indian firms that have been shortlisted in the bidding process to acquire Singapore's Tuas Power, one of the three power firms put on block.
Source: rediff Business |

IRB Infra gets grade 4 for its IPO

Fitch Ratings Ltd today assigned a grade of four out of a maximum of five to the proposed IPO of IRB Infrastructure Developers Limited.
Source: webindia123.com |

Ambani launches fresh attack on GSM operators

Anil Ambani severely criticised the attitude of GSM operators and raised the issue of returning the extra spectrum again.
Source: rediff Business |

Thick fog delays over 50 flights in Delhi

As many as 50 flights were delayed at the capitals Indira Gandhi International Airport Monday after a thick blanket of fog engulfed the national capital in the morning, reducing runway visibility to 650 metres.
Source: webindia123.com |

India Inc most optimistic about economy: Grant Thornton

Grant Thornton's international business report claims India Inc to be most optimistic about economy.
Source: rediff Business |

Kerala port sees protests over palm oil import

The Kerala port town of Beypore witnessed a protest by various political parties and farmers organisations over the import of palm oil as an Indonesian ship, Global Triton, arrived Monday to unload 3,000 tonnes of oil.
Source: webindia123.com |

ESOPs benefits not taxable: SC

The Supreme Court has ruled that the benefit given to the staff of a company under the employees' stock option scheme cannot be considered as taxable income and the company was not obliged to deduct tax at source.
Source: rediff Business |

Power shortage hits Rajasthan

In the grip of a power crisis, Rajasthan government has decided Monday to impose power cuts in the state.
Source: webindia123.com |

Bill Gates' prediction for PCs in 5 years

Microsoft Chairman Bill Gates says that people will see a sea change in the way they interact with computers in the coming five years.
Source: rediff Business |

L&T bags over Rs 1,300 cr order from Cairn India

It bags two contracts from Cairn India for construction related works for the Northern Area Development Project near Barmer in Rajasthan.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

No formal word from Goa yet on SEZs: Nath

Since no communication has been received from the Goan govt. on the cancellation of SEZs, the issue remains unresolved.
Source: rediff Business |

FDI doubles contribution to total investments in India

Gradual delicensing of sectors and ease in doing business for global companies has led to FDI more than doubling its share in the total investments in India.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

IPOs to take investors' wealth to Rs 100 trillion

India market is speculating Rs 100 trillion worth of wealth, thanks to the rising IPOs flooding in.
Source: rediff Business |

Sensex races toward 21k, adds 125 pts at closing

Stock market benchmark Sensex on Monday rises 125 points to close in on the next milestone of 21,000.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Betting on power reforms

Power sector stocks have recently emerged as market favourites, evoking memories of the information technology and pharmaceutical booms of a few years ago and the real estate sector more recently.
Source: rediff Business |

Ambani launches fresh attack on GSM trio

Reliance Communications Chairman Anil Ambani accuses the GSM trio of forming a cartel to fix prices, ahead of TDSAT's hearing.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Govt to take control of Sri Lankan airlines

T V Sriram Colombo, Jan 7 (PTI) Sri Lankan Airlines will come under government control from April, ending weeks of uncertainty that began with revoking of visa for the airways British Chief...
Source: PTI News : Business |

A country on the brink

Sensex recovers early losses, still down by 54 pts

Mumbai, Jan 7 (PTI) Reflecting sluggish global trend, the BSE benchmark Sensex, which was down by 249 points in early morning trade, recovered later on good buying support from domestic funds at...
Source: PTI News : Business |

DoT doubts Spice's eligibility for licences

PM alarmed by rise in crude prices

Prime Minister Manmohan Singh on Monday expressed concern at the rise in international oil prices and said that all possible options, including a fuel
Source: NDTV News |

Chatwal to build 7-star hotel in Punjab

Rupee appreciates to 39.28 a dollar

The rupee on Monday appreciated by six paisa and was quoted at 39.28/29 against the US dollar in late morning deals on expectations of heavy portfolio
Source: NDTV News |

Supermarket JV likely as Trent, Infiniti end tussle

Ending more than a year of uncertainty, the Tata group has finally decided to synergise the operations of its two retail arms -Infiniti Retail and Trent -for a deep foray into the supermarket segment with Woolworths, a $38-billion Australian major.
Source: The Financial Express |
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