Essar Communications acquires stake in Kenyan telecom firm

Ruias-led Essar Communications Holdings Ltd has acquired a 49 per cent stake in Kenya's Econet Wireless International Ltd for an undisclosed amount.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 11:46 am

Haryana launches scheme to provide cycles to girls

The Haryana government Friday launched a new scheme for providing bicycles to college-going girls from the Schedule Castes (SC) families.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 11:30 am

Bank interest rates may dip soon

The Indian banking industry expects a decline in interest rates during the first quarter of this calendar year, Deepak Parekh, chairman of Housing Development Finance Corp (HDFC), said here Friday.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 11:30 am

Ashok Leyland, Nissan zero in on TN for manufacturing unit

Hinduja Group's flagship company Ashok Leyland has zeroed in on Tamil Nadu for setting up a $500 million manufacturing plant for light commercial vehicles.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 11:22 am

Reliance to invest $2.28 bn in oilfield development

Reliance Industries will invest $2.284 billion to produce crude oil from its eastern offshore KG-D6 block from March 2009.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 11:03 am

Orchid Pharmaceuticals gets green signal from South Africa

Chennai-based Orchid Chemicals and Pharmaceuticals Ltd Friday announced that the Medicines Control Council of South Africa has approved of its formulation facilities, paving the way for the company's entry into that country's market.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 10:00 am

Nano: The drive to big dreams

A day after chairman of the Tata Group Ratan Tata unveiled the Tata small car in the capital, Nano was the topic of conversation everywhere. From the crowded buses in Delhi to the malls in Bangalore, from the busy roads of Assam to offices in Hyderabad - the tiny car seemed to have powered its way into the nation's heart.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 9:30 am

Reliance Power IPO to continue: SC

SC said the initial public offer of Reliance Power Ltd, slated to open on Jan 15, will go ahead even if any order is passed by any court in the country against the venture.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 9:23 am

Videocon to roll out mobile services by end of 2008

Videocon said it will roll out its mobile services by the end of this year and is expecting 10 million subscribers in 3-4 years of the launch.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 9:22 am

Infosys hires 11,683 employees in third quarter

Maintaining its hiring spree, Infosys Technologies Ltd added 11,683 employees during the third quarter (Oct-Dec) of fiscal 2007-08, the company said here Friday.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 8:31 am

Next generation buses impress at auto expo

With killer Blueline buses being phased out, the Delhi government is desperately searching for a safer public transport option. The low-floor intra-city buses currently on display at Auto Expo 2008 could provide that alternative not just in the capital but elsewhere too.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 8:30 am

Anti-mining protesters arrested in Chhattisgarh

Over 100 farmers in Chhattisgarh's Raigarh district, a majority of them women, were arrested to stem the spiralling protest over acquiring land for mining by Jindal Steel and Power Ltd (JSPL), officials said Friday.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 8:30 am

Markets open in the black

Having lost 288 points the previous day, a key Indian market index began on a firm note Friday and continued to be in the black for the morning session.
Source: IndiaeNews.com: Business News | 11 Jan 2008 | 7:01 am

Market up on encouraging result by Infosys

The Bombay Stock Exchange benchmark Sensex rose 228 points in early trade today on emergence of buying by funds enthused by the encouraging result posted by software firm Infosys Technologies.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 6:06 am

Infosys Q3 net up 25 pc at Rs 1,231 cr

Infosys Technologies posted 25.22 per cent increase in consolidated net profit at Rs 1,231 crore for the quarter ended December 31.
Source: Daily News & Analysis: Money News | 11 Jan 2008 | 5:04 am

Govt may offer amnesty scheme for defaulters

The finance ministry is considering a one-year ?mini-amnesty? scheme for income and corporation tax defaulters. ??
Source: Business Standard | Front Page Headlines | 11 Jan 2008 | 12:10 am

Govt plans new sovereign wealth fund rules

The government is planning a new regulatory regime for foreign sovereign wealth funds operating in India. ??
Source: Business Standard | Front Page Headlines | 11 Jan 2008 | 12:10 am

DoT issues 9 LoIs, gets over Rs6,500cr as fee

Amid tight security and an altercation with HFCL chief Mahendra Nahata at Sanchar Bhawan, headquarters of the Department of Telecom (DoT), nine companies among 45 applicants were offered letters of
Source: Business Standard | Front Page Headlines | 11 Jan 2008 | 12:09 am

The Nano phenomenon!

The much-awaited Rs 1 lakh car unveiled, finally.??
Source: Business Standard | Front Page Headlines | 11 Jan 2008 | 12:07 am

DoT issues letters of intent to 9 cos

Tata Tele gets nod for pan-India GSM services
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

Tax breaks for industrial parks

Bid to boost private investments
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

Mega plans for super mini

Exploring possibility of diesel engine, hybrid version for Nano
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

The making of the Nano

It was no small challenge to conceive, design and build the small car. Conventional ideas were turned on the head, the very definition of a car was re-examined and the design went through several iterations before it was frozen in the form that ...
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

Chaos, drama at DoT office for getting letters of intent

Fisticuffs, blows and what not at Sanchar Bhawan
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

How to bankrupt households and enrich corporates

In the US Fed’s money multiplying game, the player that stakes its money, the household, is destined to lose, and someone else — the corporate, that is already chosen to win — is certain to gain. The Fed is thus gambling not just wi th family money but with the idea of family itself, says S. GURUMURTHY.
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

Nano launch triggers sell-off in auto ancillary stocks

Auto ancillary stocks took a knock on the bourses on the launch of Tata Motors’ Rs 1-lakh car Nano on Thursday. According to market participants, this would trigger a rate war among vehicle manufacturers. Analysts tracking the auto sector ...
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

L&T capitalising on realty growth

Construction contracts to boost profitability
Source: Business Line - Home Page | 11 Jan 2008 | 12:00 am

Big-ticket IPOs, results prompt profit-booking

Largecaps that had shown some strength in the last trading sessions, gave way as a foreign bank offloaded Nifty baskets in late trade, said traders.
Source: Daily News & Analysis: Money News | 10 Jan 2008 | 11:50 pm

Life insurers bet big on markets

Indian life insurance companies are rapidly catching up with the money power of foreign institutional investors (FIIs). ??
Source: Business Standard | Front Page Headlines | 9 Jan 2008 | 6:51 pm

Bajaj may buy firm to make bigger cars

Plans electric car launch for Europe with Austrian mobike maker. ??
Source: Business Standard | Front Page Headlines | 9 Jan 2008 | 6:51 pm

Rajiv Bajaj on Tata`s small car

A day before the much-awaited launch of Tata Motors' Rs 1 lakh car Bajaj Auto boss Rajiv Bajaj raised questions about the commercial viability of the project as well as its ability to stick to the Rs
Source: Business Standard | Front Page Headlines | 9 Jan 2008 | 6:50 pm

M defers Chennai plan

Car maker Mahindra & Mahindra (M&M) told the Bombay Stock Exchange (BSE) that it has deferred plans to invest in a manufacturing plant in Chennai with Renault and Nissan.??
Source: Business Standard | Front Page Headlines | 9 Jan 2008 | 12:28 am

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

Emaar MGF gets nod to float IPO

The issue is likely to hit the capital market in the first week of February, and is expected to be listed by February-end.
Source: India Business-Business-The Times of India |

PNB targets at 100 million account holders in 5 years

With a view to make banking more accessible in the rural areas, Punjab National Bank is planning to introduce door to door banking facility shortly.
Source: The Financial Express |

Stocks Indices end volatile session higher

Key indices ended a volatile session of trade higher. Second rung stocks remained under pressure. Banking shares posted significant gains.
Source: India Business-Business-The Times of India |

Now, institute to bring competition in industries

Continuing its efforts to increase competition in the Indian industry, CII-LM Thapar centre for competitiveness for SMEs, kick started the first batch of the six-sigma green belt certification programme at CII northern region headquarters at Chandigarh.
Source: The Financial Express |

Reliance Power IPO to continue: SC

The Supreme Court on Friday said the initial public offer of Reliance Power Ltd, slated to open on January 15, will go ahead even if any order is passed by any court in the country against the venture.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Winsome group plans to add 30,000 spindles in the next fiscal year

We have our manufacturing base at Baddi, Derabassi and Mohali. These units manufacture for our two subsidiaries--Winsome Textile Industries and Winsome Yarns.
Source: The Financial Express |

Industrial growth plunges to 5.3%

Growth in India's industrial production plunged to 5.3 per cent in November this fiscal from 15.8 per cent last year following a huge decline in the manufacturing sector.
Source: India Business-Business-The Times of India |

Venus R&D centre to commence on Jan 14

Chandigarh-based Venus Remedies, winner of Express-ICICI "Emerging India Award", is set to commence the sixth and last phase of its Rs 150 crore expansion plan, with the inauguration of Venus Medicine Research Centre at Baddi, Himachal Pradesh on January 14.
Source: The Financial Express |

No change in Infosys revenue guidance for FY 2008

Infosys Technologies Ltd retains its revenue guidance for this fiscal (FY 2008) at Rs 167 billion, projecting a YoY growth of 20% under Indian GAAP.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

TN recasts agri dept to usher in second green revolution

The Tamil Nadu government has restructured the functioning of the agriculture department to boost agricultural production and farmers' income and thus to usher in a second green revolution.
Source: The Financial Express |

Volvo, Jaico in Rs 80-cr JV

Volvo Bus Corporation, part of the global heavy vehicle major Volvo Group, announced the setting up of Volvo Bus Body Technology India Pvt Ltd.
Source: The Financial Express |

7Seas Tech buys German firm

7Seas Technologies Ltd, engaged in gaming activities, announced that it has acquired German-based neodelight.com, the gaming division of Neokolor GBR.
Source: The Financial Express |

Sensex up 146 pts, small-cap shares under pressure

Mumbai, Jan 11 (PTI) The Bombay Stock Exchange benchmark Sensex was up 146 points at 10.30 am, even though the mid-cap shares fell further in late morning trade on heavy sell-off, amid release of...
Source: PTI News : Business |

Winsome group plans to add 30,000 spindles in the next fiscal year

We have our manufacturing base at Baddi, Derabassi and Mohali. These units manufacture for our two subsidiaries--Winsome Textile Industries and Winsome Yarns.
Source: The Financial Express |

Reliance Power IPO to continue: Supreme Court

The SC on Friday said the IPO of Reliance Power Ltd, slated to open on January 15, will go ahead even if any order is passed by any court in the country against the venture.
Source: India Business-Business-The Times of India |

PNB targets at 100 million account holders in 5 years

With a view to make banking more accessible in the rural areas, Punjab National Bank is planning to introduce door to door banking facility shortly.
Source: The Financial Express |

Maneesh Pharma to raise Rs 500 cr through IPO

Mumbai-based mid-sized pharma company, Maneesh Pharmaceuticals Ltd, which recently bought the Smyle range of products from Kopran for Rs 52 crore, is raising about Rs 500 crore through an IPO to meet its expansion plans.
Source: The Financial Express |

Volvo, Jaico in Rs 80-cr JV

Volvo Bus Corporation, part of the global heavy vehicle major Volvo Group, announced the setting up of Volvo Bus Body Technology India Pvt Ltd.
Source: The Financial Express |

Australia-Antarctica air link with ice runway

An historic passenger jet flight from Australia to Antarctica touched down smoothly on a blue ice runway, launching the only regular airlink between the continents.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Industrial growth plunges to 5.3%

Growth in India's industrial production plunged to 5.3 per cent in November this fiscal from 15.8 per cent last year following a huge decline in the m
Source: NDTV News |

Nano: The drive to big dreams

A day after Ratan Tata unveiled Nano in the capital the tiny car seems to have powered its way into the nation's heart.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Oil rebounds to $93.71 a barrel

Oil prices rebounded in Asian trade on Friday after recent heavy drops on worries about a US recession that could dampen global demand for crude, deal
Source: NDTV News |

TN recasts agri dept to usher in second green revolution

The Tamil Nadu government has restructured the functioning of the agriculture department to boost agricultural production and farmers' income and thus to usher in a second green revolution.
Source: The Financial Express |

In Video: India's most expensive car


Source: India Business-Business-The Times of India |

Industrial growth plunges to 5.3 pc in Nov 07

New Delhi, Jan 11 (PTI) Growth in India's industrial production plunged to 5.3 per cent in November this fiscal from 15.8 per cent last year following a huge decline in the manufacturing...
Source: PTI News : Business |

Bank interest rates may dip soon

The Indian banking industry expects a decline in interest rates during the first quarter of this calendar year, Deepak Parekh, chairman of Housing Development Finance Corp (HDFC), said here Friday.
Source: webindia123.com |

UTI AMC files IPO draft prospectus

Mumbai, Jan 11 (PTI) UTI Asset Management, the country's biggest public sector mutual fund house, has filed draft red herring prospectus for its initial public offer for 4.85 crore equity shares...
Source: PTI News : Business |

Two national highways in Kerala to be widened

The National Highway Authority of India (NHAI) will upgrade two national highways (NH) with a total length of 837 km to four lanes, a senior state government official said here Friday.
Source: webindia123.com |

Videocon to roll out mobile services

Consumer electronics major Videocon on Friday said it will roll out its mobile services by the end of this year and is expecting 10 million subscribers in 3-4 years of the launch.
Source: India Business-Business-The Times of India |

Nano: The drive to big dreams

A day after chairman of the Tata Group Ratan Tata unveiled the Tata small car in the capital, Nano was the topic of conversation everywhere. From the crowded buses in Delhi to the malls in Bangalore, from the busy roads of Assam to offices in Hyderabad - the tiny car seemed to have powered its way into the nations heart.
Source: webindia123.com |

Air India IPO likely in second half of 2008: Patel

Government could divest its stake in national carrier Air India through a public issue in the second half of 2008, Civil Aviation Minister Praful Patel said on Friday.
Source: India Business-Business-The Times of India |

Infosys Q3 net profit up at Rs 1231 crore

Countrys software major Infosys Technologies posted a 25.2 percent rise in its consolidated net profit at Rupees 1231 crore for the quarter ended December 31. Last year in the same quarter the company had posted a net profit of Rs 983 crore.
Source: webindia123.com |

Public goes gaga over Nano!

We have been flooded with responses to the question we posed to viewers - Would you like to buy Tata's Rs 1 lakh car? Heres a sampling of what our viewers think.
Source: India Business-Business-The Times of India |

Rupee steady against dollar at 39.28

The rupee ruled steady against the US currency in morning trade on Friday at 39.2850/2950 a dollar despite good movements at the bourses. In continued
Source: NDTV News |

Nano-first choice of students

The big dream of buying a car now comes at an affordable price and it is the students who can't wait to get their hands on the wheels. The car hasn't
Source: NDTV News |

Sensex ends up 245pts; ICICI Bank soars 6%

The Sensex opened with a positive gap of 121 points at 20,703. Follow-up selling saw the index slip into the negative zone to a low of 20,506 - down 197 points from the day's open.
Source: rediff Business |

Haryana launches scheme to provide cycles to girls

The Haryana government Friday launched a new scheme for providing bicycles to college-going girls from the Schedule Castes (SC) families.
Source: webindia123.com |

Inflation unchanged at 3.5%

Inflation based on the wholesale-price-index was unchanged at 3.5 per cent for the week ended December 29, 2007.
Source: rediff Business |

Orchid Pharmaceuticals gets green signal from South Africa

Chennai-based Orchid Chemicals and Pharmaceuticals Ltd Friday announced that the Medicines Control Council of South Africa has approved of its formulation facilities, paving the way for the companys entry into that countrys market.
Source: webindia123.com |

Mittal, Sarin named in UK's Power 100 list

Lakshmi Mittal and Arun Sarin, two India-born entrepreneurs, have figured out in UK's Power 100 list.
Source: rediff Business |

Spice Comm secures LoIs for 4 premium circles

GSM mobile services provider Spice Communications Ltd (SCL) today said it has received Letters of Intent (LOIs) for four circles from the government that accounts more than 27 per cent of countrys mobile subscriber base.
Source: webindia123.com |

Ratan Tata: Hero to a nation starved of heroes

Ratan Tata is a hero to a nation that sometimes feels starved of heroes. He knows it too. Mr Tata has used the emotional route before, when he announced his first passenger car years before it became a reality.
Source: rediff Business |

Anti-mining protesters arrested in Chhattisgarh

Over 100 farmers in Chhattisgarhs Raigarh district, a majority of them women, were arrested to stem the spiralling protest over acquiring land for mining by Jindal Steel and Power Ltd (JSPL), officials said Friday.
Source: webindia123.com |

Value investing is the new mantra

"With all kinds of stocks flying around, investing can't be a part-time job," says Bruce Greenwald, professor of finance at the Columbia Business School.
Source: rediff Business |

SBI invites bids for debit card solutions

The State Bank of India invites bids from IT firms for providing end-to-end solution for the debit card related activities.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Rs 4-5 cr adspend planned for Nano

According to Rediffusion, the advertising agency handling the publicity and creatives of Tata Nano car, apart from the print campaign, there will not be any other television campaign in the near future as the Tata Nano is expected to roll out closer to the Diwali season.
Source: rediff Business |

Bajaj to bring Kawasaki performance bikes in India

Bajaj Auto Ltd enters into a pact with its long-time Japanese technical partner Kawasaki to distribute the latter's bikes in India.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Bidding for brands: India and China acquire a taste for luxury

As the economies of emerging markets boom and their biggest conglomerates grow into multinationals, more and more of the new corporate giants in countries ranging from India to China, Russia and Brazil are looking to wring greater profits out of their respective industries.
Source: rediff Business |

Reliance to invest $2.28 bn in oilfield development

Reliance Industries will invest $2.284 bn to produce crude oil from its eastern offshore KG-D6 block from March 2009.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Govt plans new sovereign wealth fund regulations

The move follows concerns raised by the Reserve Bank of India. According to sources, the central bank is concerned that most sovereign wealth funds operate in a non-transparent manner.
Source: rediff Business |

Sensex gains 245 points at closing

The Sensex goes up 245.37 points at 20,827.45 on Friday on the back of banking and refinery stocks gaining substantial ground.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Sensex vaults 245 points, Infosys in red

Mumbai, Jan 11 (PTI) In volatile trade, the Bombay Stock Exchange benchmark Sensex today surged by 245 points on the back of heavy buying in Reliance Industries and bank shares towards the end of...
Source: PTI News : Business |

7Seas Tech buys German firm

7Seas Technologies Ltd, engaged in gaming activities, announced that it has acquired German-based neodelight.com, the gaming division of Neokolor GBR.
Source: The Financial Express |

Inflation remains unaltered at 3.50 pc

New Delhi, Jan 11 (PTI) The whole-sale price index based inflation for the week ended December 29, 2007, remained unchanged at its previous week's level of 3.50 per cent. The annual rate of...
Source: PTI News : Business |

Venus R&D centre to commence on Jan 14

Chandigarh-based Venus Remedies, winner of Express-ICICI "Emerging India Award", is set to commence the sixth and last phase of its Rs 150 crore expansion plan, with the inauguration of Venus Medicine Research Centre at Baddi, Himachal Pradesh on January 14.
Source: The Financial Express |

Infosys Q3 profit up 25.22%

Infosys Technologies announced their Q3 results on Friday posting an increase of 25.22 per cent in consolidated net profit. The result boosted the Sen
Source: NDTV News |

Now, institute to bring competition in industries

Continuing its efforts to increase competition in the Indian industry, CII-LM Thapar centre for competitiveness for SMEs, kick started the first batch of the six-sigma green belt certification programme at CII northern region headquarters at Chandigarh.
Source: The Financial Express |

Sensex firm after choppy trade

Markets closed firm on Friday with the benchmark index at 20,894 levels, making a gain of 1.52 per cent or 312 points. In the broader markets, Nifty a
Source: NDTV News |

Maneesh Pharma to raise Rs 500 cr through IPO

Mumbai-based mid-sized pharma company, Maneesh Pharmaceuticals Ltd, which recently bought the Smyle range of products from Kopran for Rs 52 crore, is raising about Rs 500 crore through an IPO to meet its expansion plans.
Source: The Financial Express |
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