'Infrastructure roadblocks slowing automotive industry'

The $34-billion Indian automotive industry may fail the target of quadrupling sales by 2016 if investments are not made in infrastructure, says a study by global consultancy firm KPMG.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 10:30 am

Nasscom partners Dutch centre to help European exports

National Association for Software and Service Companies (Nasscom) has announced a capacity building partnership with the Netherlands' Centre for the Promotion of Imports from Developing Countries (CBI) for the latter's export development programme.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 10:30 am

Mahindra & Mahindra to acquire Italian design house

Car maker Mahindra & Mahindra on Tuesday said it plans to acquire Italian auto design firm GR Grafica Ricerca Design Srl (GRD) for an undisclosed amount.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 9:13 am

Decision on fuel price hike likely after Jan 17

Government may marginally increase petroleum prices, Petroleum Secretary MS Srinivasan said on Tuesday.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 9:01 am

REL gets shareholders nod for raising over Rs 5000 cr

Anil Ambani group firm Reliance Energy said it has received shareholders' approval for raising Rs 5,000 crore and additional long-term funds through the issue of securities.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 8:58 am

Air India offloads 60 passengers to London, Chicago

Air India offloaded 60 passengers bound for London and Chicago at Mumbai airport Tuesday due to overbooking, a spokesman for the airline said.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 8:30 am

Adani to raise $764 million to finance energy projects

Diversified business interest group Adani Enterprises Ltd will raise Rs.30 billion ($764 million) in equity and equity-linked instruments to finance its energy businesses, the company said in a statement Tuesday.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 8:30 am

DQ Entertainment wins Deloitte service award

DQ Entertainment, one of the largest animation and gaming companies in India, has won the Deloitte Technology Fast 500 Asia Pacific award for the second year.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 8:30 am

Surveys for controversial steel project begins in Orissa

The Orissa government Tuesday started land and socio-economic surveys for the controversial $12-billion steel plant to be built by Posco-India, a wholly owned subsidiary of South Korean Pohang Iron and Steel Co.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 8:30 am

Matsushita may miss 9 mln flat TV sales target

Panasonic maker Matsushita may fall short of its target of selling 9 million flat TVs in the business year to March 31, the company's president said.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 8:13 am

Amrita Research develops system for moving vehicles

Amrita Research Labs (ARL) has developed a solution that delivers high-bandwidth information and multimedia entertainment to moving vehicles.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 8:00 am

Refex refrigerants reports strong Third quarter results

Refex Refrigerants Ltd, a Chennai based leading refrigerants management solutions provider and BSE listed company, has announced strong Unaudited Financial Results for its Third quarter ended December 31, 2007.Its quarterly revenue increased to Rs.22.98 crores, up more than 56 % from 14.73 crores in the third quarter of 2006 - 07 and net profit increased to 3.02 crores, up more than 47% from 2.05 Crores in the Third quarter 2006-07.
Source: IndiaeNews.com: Business News | 8 Jan 2008 | 6:51 am

Rivals rush to go one-up on Tata

The Ninth Auto Expo 2008, scheduled to open to the public on January 10 at New Delhi's Pragati Maidan, is really two shows, not one.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 5:20 am

Sensex touches 21,000-pts level

The Bombay Stock Exchange benchmark Sensex crossed the 21,000 level in early morning trade for the first time on heavy buying by funds.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 5:00 am

Small caps in a big-valuation rush

Reliance Energy has easily the best performing Sensex stock in recent times. Between November 1 and now, it has rallied 38%.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 4:15 am

Mandatory tech transfer in power projects soon

Contracts for power plant may soon come with a clause for mandatory technology transfer to an Indian company.
Source: Daily News & Analysis: Money News | 8 Jan 2008 | 4:14 am

India developing Myanmar port

Chennai, Jan. 7 The Union Government has decided to develop the Sittwe port for Myanmar. In return for its $120 million (Rs 480 crore) expenditure on the project — which will be a gift to Myanmar — India would get rights to use the ...
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

Pfizer deal lends revenue visibility to Hikal

Contribution expected from Q3
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

Improving clout with advertisers

Sun TV ad rate hike
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

PM concerned over rising crude prices

Govt looking at all possible options
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

GAIL move to market PMT gas impacting prices in Gujarat

GSPC, Gujarat Gas hit by reduced supplies
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

Gold ETFs outperform physical gold

Trading volumes remain thin despite gold hitting peak
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

Cigarette stocks up on FDI buzz

Cigarette stocks were up Monday on market expectations that the Government may soon review policy on FDI in cigarettes.The Sensex component ITC, which even after diversification continues to be predominantly a tobacco play, moved up 5.5 ...
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

Govt seeks higher pay-out from PSU insurers

‘Demand could weaken general reserves, compliance potential of cos’
Source: Business Line - Home Page | 8 Jan 2008 | 12:00 am

CFA blinks, to seek AICTE approval

The US-based Chartered Financial Analyst (CFA) Institute has decided to approach the All India Council for Technical Education (AICTE) to seek approval for its India operations.??
Source: Business Standard | Front Page Headlines | 7 Jan 2008 | 6:34 pm

No tax on ESOPs, rules apex court

The Supreme Court has ruled that the benefit given to the staff of a company under the employees' stock option scheme (ESOPs) cannot be considered taxable income and the company not obliged to deduct
Source: Business Standard | Front Page Headlines | 7 Jan 2008 | 6:33 pm

35% of fuel sales off price control

Branded fuels help oil firms cut losses. ??
Source: Business Standard | Front Page Headlines | 7 Jan 2008 | 6:33 pm

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

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

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

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 |

Govt denies plans to privatise Dabhol plant

The Centre on Monday denied plans to privatise the Ratnagiri power project. An official source told FE, "There is no such plan at this point in time as the eGoM, during its visit on December 31 to the Ratnagiri project, has given an in-principle nod to increase generation capacity from 2,150 mw to 5,000 mw.
Source: The Financial Express |

Rupee near 10-year high

The rupee still ended strong by five paisa at 39.29/30 against the US dollar on expectations of heavy allocation of foreign funds in near future.
Source: India Business-Business-The Times of India |

India, US to set up working groups on healthcare

India and the US have decided to set up working groups, comprising secretaries and senior officials of respective government, scientific and research institutions, to find out ways and means to further strengthen the cooperation in the healthcare related issues between both the countries, said Anbumani Ramadoss, Union minister of health, family welfare.
Source: The Financial Express |

Infrastructure industries see sharp drop in Nov

Growth in core infrastructure industries declined sharply to 5.3 per cent in November 2007-08 from 9.6 per cent in the year-ago period.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Next version of ballistic missile in 2009

India is slated to conduct trials of the next version of the ballistic missile with a strike range of more than 5000 km and the sophisticated hypersonic plane in 2009.
Source: The Financial Express |

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 |

DRDO develops transgenic tomato

The Defence Research Development Organisation has developed a transgenic tomato for growing in the cold desert regions of Ladhak.
Source: The Financial Express |

Sensex goes past 21,000-points mark

The 30-share BSE index completes its 1,000-point journey in 49 days after touching the 20k milestone on Oct 29, last year.

Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Taiwan seeks land for multi-product SEZ in AP

In a significant development, the Taiwan government along with a group of industrialists from that country have approached the Andhra Pradesh government for land to set up a multi-product SEZ on the Krishnapatnam-Tada highway, close to Chennai.
Source: The Financial Express |

Ethnic formats are a rave these days

It's 100 reality. No portion is stage-managed. What is managed is the technique of casting the right sort of people, placing them in a particular context and from that point on, the characters simply take off.
Source: The Financial Express |

New partnership to help small town entrepreneurs floated

With India Inc taking rapid strides in competing with its global peers and the country's economy on an upward trajectory, it seems even the smaller towns have caught the entrepreneurial bug.
Source: The Financial Express |

Mineral-rich states asked to facilitate investments in steel

New Delhi, Dec 8 (PTI) The government today asked the mineral-rich states like Jharkhand, Orissa and Chhattisgarh to remove bottlenecks soon to enable mega domestic and foreign investments in the...
Source: PTI News : Business |

Next version of ballistic missile in 2009

India is slated to conduct trials of the next version of the ballistic missile with a strike range of more than 5000 km and the sophisticated hypersonic plane in 2009.
Source: The Financial Express |

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 |

Govt denies plans to privatise Dabhol plant

Advertisers ink long-term deals to pre-empt IBF levy

Advertisers have devised a new way to skirt the Indian Broadcasting Foundation proposed 25% surcharge on advertising contracts with broadcasters.
Source: The Financial Express |

Ethnic formats are a rave these days

Milestones in Sensex's journey to 21,000-mark

Following is the list of dates when stock market barometer BSE Sensex touched the various milestones on its journey to 21,000-point mark.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Oil prices cause for concern: PM

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 |

Sensex rolls back from record 21K, ends 60 pts up

The Sensex rolls back on profit selling at existing higher levels and ends 60.68 points up at 20,873.33 compared to its Monday's close.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Money transfer through mobiles soon

Indians working abroad may be able to send money back home through mobile phones before the end of 2008, with Western Union and Bharti Airtel looking
Source: NDTV News |

Taiwan seeks land for multi-product SEZ in AP

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 |

Cut income tax and corporate tax rates: India Inc tells FM

New Delhi, Jan 8 (PTI) The Indian industry today asked the government to cut personal and corporate tax rates in the coming budget and impose 35 per cent import duty on Chinese products to offset...
Source: PTI News : Business |

Ford to make small car for India

Automaker Ford India Pvt Ltd will soon roll out a small car for the Indian market and produce engines for the Asia-Pacific market by investing $500 million, says a top official.
Source: webindia123.com |

Infrastructure industries see sharp drop in growth in Nov

New Delhi, Jan 8 (PTI) Growth in core infrastructure industries declined sharply to 5.3 per cent in November 2007-08 from 9.6 per cent in the year-ago period. For the April-November period of...
Source: PTI News : Business |

Nasscom partners Dutch centre to help European exports

National Association for Software and Service Companies (Nasscom) has announced a capacity building partnership with the Netherlands Centre for the Promotion of Imports from Developing Countries (CBI) for the latters export development programme.
Source: webindia123.com |

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 |

Chemoils Indian-born CEO dies in helicopter crash

Leading marine fuel supplier Chemoil Energys Chief Executive Officer Indian-born Robert V. Chandran has died from injuries sustained in a helicopter crash in Indonesia, the company announced Tuesday.
Source: webindia123.com |

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 |

Reliance to start commercial production from KG basin by mid year

Reliance Petroleum will start commercial production of natural gas from the Krishna Godavri (KG) basin by the middle of this year, with a peak capacity of 80 cubic meters, Reliance Industry Chief Executive Officer PMS Prasad said today.
Source: webindia123.com |

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 |

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 |

Temasek may buy 10% stake in Fortis

Health is wealth and if the focus was research and development (R&D) now investors are queuing up for healthcare services companies like Fortis. NDTV
Source: NDTV News |

Air India's NY flight to 'redefine' air travel

Air India's NY flight has been fitted with modern facilities to ease the long air travel for the passengers.
Source: rediff Business |

Tholons announces services globalization trends for 2008

Bangalore, Jan 8 (ANI/Business Wire India): Globalization has taken a strong turn in the past few years. Countries which had earlier encountered roadblocks to globalize have realized the need to source globally for multiple reasons.
Source: webindia123.com |

Sensex hits 21,000; ends up 61 points

The Sensex opened with a huge positive gap of 157 points at 20,970, and rallied past the 21,000-mark to a fresh all-time high of 21,078.
Source: rediff Business |

Infrastructure roadblocks slowing automotive industry

Malaysia freezes recruitment of Indian workers

Malaysia has frozen the recruitment of Indian workers, including temple priests, sculptors and musicians, a move apparently linked to the recent mass protests by the ethnic Indians here against their alleged marginalisation.
Source: rediff Business |

India will tap diaspora talent pool, help expat workers

The annual engagement of the Indian government with its estimated 25 million diaspora began here Tuesday with Prime Minister Manmohan Singh announcing an advisory council to tap its huge talent pool and a helpline-equipped centre being set up to help migrant Indian workers in distress, particularly in the Gulf region.
Source: webindia123.com |

India Inc's Budget wishlist

Indian industry put forth its demands for cut down on income and corporate tax rates in a pre-budget consulatation meet.
Source: rediff Business |

South Korea to ban single-hull tankers from 2011

South Korea will ban single-hull tankers from its waters from 2011, according to a senior official of South Korean Ministry of Maritime Affairs and Fisheries, WAM news agency reported Tuesday.
Source: webindia123.com |

Volvo India open to tie up with Ford

Volvo India is in talks with Ford Motors India to start assembly operations in India.
Source: rediff Business |

I-T Dept erred in treating Infy as defaulter: SC

SC has held that the Income Tax Department has erred in treating IT major Infosys Technologies as defaulter for not deducting TDS on ESOP for the assessment year 1997-98, 98-99 and 1999-2000.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

How Goa CM persuaded Centre to halt SEZ plans

Goa CM Kamat leaves no stone unturned in an effort to revoke the SEZs passed by the Central Govt.
Source: rediff Business |

SC refuses to intervene on spectrum allocation

The Supreme Court refuses to interfere at this stage on the issue of spectrum allocation, on a petition filed by a NGO
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Now, Ford plans a small car

Ford is expected to start production in two years, said Arvind Mathew, president and managing director, Ford India. The details of the small car, however, are yet to be finalised.
Source: rediff Business |

Ford to invest $500 mn to expand India operations

Ford Motors announce that it would invest $500 million in the next three years to expand its Indian operations.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

SC not to quash Dadri land notification

It also questioned the motive behind filing the PIL and asked the petitioner to file the detailed of the land owner's who have been affected by the acquisition.
Source: rediff Business |

Lot to learn from India in IT, says China

China, which will be hosting Manmohan Singh for three days starting January 13, said it has a lot to learn from India in the field of IT, and space and ocean sciences.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Gold hits new peak of Rs 11,150 per 10 gram

New Delhi, Jan 8 (PTI) Gold prices today pierced through the ceiling to reach its new peak of Rs 11,150 per ten gram on the bullion market here due to aggressive buying by jewellers in line with...
Source: PTI News : Business |

New partnership to help small town entrepreneurs floated

Ford to invest 500 million dollars to expand India operations

Chennai, Jan 8 (PTI) With plans to produce a small car in the next two years, global automobile giant Ford Motors today announced that it would invest 500 million US dollars in the next three...
Source: PTI News : Business |

DRDO develops transgenic tomato

The Defence Research Development Organisation has developed a transgenic tomato for growing in the cold desert regions of Ladhak.
Source: The Financial Express |

IT stocks gain amid choppy trade

Markets closed flat on Tuesday with the benchmark index at 20,873 making a gain of 0.29 per cent or 61 points. The 30-share index touched an all time
Source: NDTV News |

India, US to set up working groups on healthcare

Oil prices rebound in Asian trade

Oil prices were higher in early Asian trade after overnight falls in New York trade on concerns over the US economy. In early trading, New York's main
Source: NDTV News |

Advertisers ink long-term deals to pre-empt IBF levy

Advertisers have devised a new way to skirt the Indian Broadcasting Foundation proposed 25% surcharge on advertising contracts with broadcasters.
Source: The Financial Express |
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