Kamal Nath, the Union Minister for Commerce and Industry has said that there is no rethink on the SEZ policy, reports CNBCTV18. The SEZ policy has been successful, he said. He informed that the Goa CM has written to the Commerce Ministry about cancellation of the State SEZs. The Ministry would take a view soon, he added. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 2:40 pm
Pawan Munjal, CEO, Hero Honda said it will launch 12 new bikes across entry executive premium segment, reports CNBCTV18. It is not looking at getting into the passenger car market yet and will focus on twowheelers and CV business, added Munjal. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 2:37 pm
Sunil Bharti Mittal CMD Bharti Group has said that he is hopeful that the DoT will allot additional spectrum to his company as per the TRAI norms, reports CNBCTV18. His company is eligible for very little spectrum even as per TRAI norms, he said. The spectrum usage charges have to be on combined basis, he added. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 2:29 pm
In an exclusive interview to CNBCTV18, Pradeep Jain, Chairman at Parsvnath Developers, said the company would grow about 120140 % over last year. Last year, we had a bottomline of Rs 292 crore. This year, at under 120140%, the bottomline comes to about Rs 600700 crore. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 2:04 pm
Vedanta Resources is planning to make an initial public offer (IPO) to raise $1 billion for Sterlite Energy, a subsidiary of its group company and Indian non-ferrous metals producer Sterlite Industries (India) Ltd. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 11:30 am
The ministry for the development of the north-east region (DoNER) Wednesday urged government employees, entitled to leave travel concession (LTC) facility, to include the northeastern states in their itinerary. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 11:30 am
Speaking to CNBCTV18, Vijay Sheth of Great Offshore said they are looking at an acquisition because of high demand for deep water rigs and that they see a big demand for offshore rigs. He added that their assets are still under construction and the delivery is expected in 200910. Sheth said theyve not yet revealed the name of the company. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 11:10 am
The Bihar police have begun probing the extortion charges levelled against a ruling Janata Dal-United (JD-U) legislator by a Mumbai-based firm engaged in the construction of East-West corridor under the Prime Minister's Golden Quadrilateral project in Bihar. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 11:01 am
Global computer chipmaker Intel is developing next-generation microprocessors for diverse mobile computing devices that are energy efficient, scalable and high-performing, a top company official said here Wednesday. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 11:00 am
Infosys BPO said the company expects to bag around four outsourcing deals worth 50-150 million dollar each, across various sectors in the next 3-6 months. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 10:56 am
Belgian company CMI has acquired 54.8% in Flat Products at Rs 517 per share, reports CNBCTV18. Yves Honhon, CFO of CMI, said, the acquisition will take advantage of complementary products and technology. The company will make a mandatory open offer for 20% stake. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 10:43 am
State-run MTNL on Wednesday said the company has lined up Rs 1,500 crore investments to expand GSM and broadband operations. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 10:05 am
The central government is not doing a rethink on special economic zones and it is for the state governments to decide on the development model they would like to follow, Commerce and Industry Minister Kamal Nath said here Wednesday. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 10:01 am
Allahabad-based NGO Utthan Centre for Sustainable Development and Poverty Alleviation has won the Alcan Prize for Sustainability 2007. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 10:00 am
Essar Oil has acquired 50% in 4 mt Kenyan refinery from Shell, Chevron and BP, reports CNBCTV18. Naresh Nayyar, MD of Essar Oil, said, they don\'t have any need to raise fresh capital for the acquisition. They plan to increase overseas refining capacity to threelakh BPD. Essar is eyeing 34 million tonne refining capacity by 2010. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 9:32 am
The GoM on Aviation is yet to finalise the muchtouted civil aviation policy. CNBCTV 18s Abhijit Neogy has learnt that there are areas in the policy where serious differences have now come up between the Planning Commission and the Ministry of Civil Aviation. Source: Moneycontrol Top Headlines | 16 Jan 2008 | 9:20 am
Vitrified tiles manufacturing firm Asian Granito (India) Ltd (AGIL) has begun commercial production Tuesday at its Rs.487-million ($12.4 million) wall tiles project in Gujarat. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 9:01 am
Sharjah-based low-cost carrier Air Arabia is setting up a new budget carrier jointly with Yeti Airlines of Nepal to expand its operations in Asia and the Far East, the airline said Wednesday. Source: IndiaeNews.com: Business News | 16 Jan 2008 | 9:00 am
Mobile phone maker Sony Ericsson posted better-than-expected earnings and said it gained market share in the fourth quarter and in 2007 as a whole. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 8:26 am
Mahindra & Mahindra said it would be investing an additional Rs 100 crore on upgradation of its new diesel engine 'M-Hawk' to make it compliant with US emission norms. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 7:54 am
Hotmail co-founder Sabeer Bhatia has launched SabseBolo.com, a free conferencing facility, a few months after launching Live Documents, an online office application. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 7:14 am
Civil aviation Minister Praful Patel asked the Finance Ministry to rationalise the tax structure in the aviation industry in the Budget for 2008-09. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 6:47 am
The Sensex nosedived over 380 points on Wednesday to close at below 20K level on heavy selling by foreign funds on recession worries on Wall Street. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 6:28 am
Apple chief executive Steve Jobs unveiled what he called 'the world's thinnest notebook computer' in his annual Macworld address. Source: Daily News & Analysis: Money News | 16 Jan 2008 | 4:35 am
The well-laid road through Kadegaon taluka, a small administrative block, is bordered by sugarcane fields and grape orchards. But far more noticeable are large flex boards wishing Patangrao Kadam, the Source: Business Standard | Front Page Headlines | 15 Jan 2008 | 6:58 pm
Uttar Pradesh Chief Minister Mayawati may have become the highest income tax paying politician in the country by shelling out around Rs 15 crore in advance tax in April-December, 2007. ?? Source: Business Standard | Front Page Headlines | 15 Jan 2008 | 6:57 pm
Weak global cues, lack of fresh buying and unwinding of positions by investors to create liquidity for two major initial public offers (IPOs) ? Reliance Power and Future Capital Holdings ? triggered a Source: Business Standard | Front Page Headlines | 15 Jan 2008 | 6:57 pm
Anil Dhirubhai Ambani Group-promoted Reliance Power Ltd's Rs 11,700 crore initial public offering (IPO) got off to a blazing start today with the share sale ? India's biggest ? fully subscribed within Source: Business Standard | Front Page Headlines | 15 Jan 2008 | 6:56 pm
Mumbai, Jan. 14 ICICI Prudential AMC on Monday announced the launch of two of their new funds, ICICI Prudential Fixed Maturity Plan Series 33- Plan A and ICICI Prudential Fusion Fund Series-III. The ICICI Prudential Fixed Maturity Plan is the ... Source: Business Line - Home Page | 15 Jan 2008 | 12:00 am
The Department of Fertilisers (DoF) has sought Rs 50,000 crore from the Finance Ministry when it finalises the Budget Estimates for the 2008-09 fiscal for paying out the fertiliser subsidies.Sources told Business Line ... Source: Business Line - Home Page | 15 Jan 2008 | 12:00 am
Mumbai, Jan. 14 Gold prices for 2008 were projected at $900 an ounce at the November 2007 conference of the London Bullion Market Association in Mumbai; but little did one expect that this price mark would be reached so soon.The yellow ... Source: Business Line - Home Page | 15 Jan 2008 | 12:00 am
Noted economist Shubhashis Gangopadhyay, currently the Director of the India Development Foundation, a privately funded, non-profit research foundation, is joining the finance ministry. ?? Source: Business Standard | Front Page Headlines | 14 Jan 2008 | 6:31 pm
The board of State Bank of India (SBI), the country's largest bank, today approved a 1:5 rights issue at a 35.42 per cent discount to its closing price on the Bombay Stock Exchange (BSE) today. ?? Source: Business Standard | Front Page Headlines | 14 Jan 2008 | 6:30 pm
Stock brokers are providing incentives to the retail investors to subscribe to Reliance Power's (RPL) initial public offer (IPO) on their behalf. For every application where shares are allotted, Source: Business Standard | Front Page Headlines | 12 Jan 2008 | 6:36 pm
The healthcare arm of the country's largest private equity firm, ICICI Venture, has created a $250-million fund for investing in the $40-45 billion institutional healthcare delivery segment in the country. Source: The Financial Express |
The stock markets have tumbled further during morning trading on sustained selling, triggered by investors appetite for the Reliance Power IPO. Source: India Business-Business-The Times of India |
As global investors dump stocks in a flight to safety that has whipped gold prices to a series of record highs, Indians are doing just the opposite. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Crude oil began Tuesdays trading off 59 cents to less than $94 a barrel after ending up more than a $1 the day before on the New York Mercantile Exchange. Source: webindia123.com |
The rupee eased as weaker Asian stock markets and concerns about a US recession stoked concerns that overseas funds may cut holdings in local assets. Source: India Business-Business-The Times of India |
Visiting Hungarian Prime Minister Ferenc Gyurcsany today said that Indias success in preserving its culture and national pride, while modernising itself is acting as a source of encouragement for the European economies. Source: webindia123.com |
Sensex fell by 712 points as market participants sold stocks including those of bluechip firms to invest in Reliance Power IPO, amid subprime crisis unfolding further. Source: India Business-Business-The Times of India |
The gas transmission major board of directors gives in-principle approval for laying of the Rs 2500 crore Dabhol-Bangalore gas pipeline, reports Deepak Joshi. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mahindra & Mahindra (M&M) announced the appointment of Arun Malhotra as senior vice-president, Sales & Channel Development, Automotive Sector. Source: India Business-Business-The Times of India |
The initial public offer of Reliance Power Ltd, considered the largest in the history of the Indian capital market, was fully subscribed within minutes of opening on Tuesday. NSE data showed that the book-built issue was oversold 10.64 times, receiving bids for 242.67 crore equity shares. The company plans to sell only 26 crore shares. The bids for shares received at the cut-off price numbered 3.69 crore. Source: The Financial Express |
Kolkata-based Medica Synergie Pvt Ltd is setting up a 500-bed super speciality hospital on the eastern fringes of the city with an investment of about Rs 140 crore. The first phase of the project will have 300 beds. Source: The Financial Express |
Trevor Bull, managing director, said that the minimum annual premium will be Rs 15,000. According to Bull, this product offers a variety of facilities under one roof. He said the policy has a flexible term ranging between five and 40 years. Source: The Financial Express |
It's party time for retail sector in Kolkata, as South City Mall getting off the block and Kumar Mangalam Birla's pan-India retail chain More is planning to open its first store in the city by sometime next month. Source: The Financial Express |
Total income increased to Rs 196 crore for the third quarter to December 31, 2007 from Rs 176.5 crore during the year-ago period, the company informed the Bombay Stock Exchange. Source: The Financial Express |
MTNL has decided to expand broadband capacity by 10 lakh connection both in Delhi and Mumbai together, by investing Rs 1,500 crore in 2008. Source: India Business-Business-The Times of India |
Mumbai, Jan 16 (ANI/Business Wire India): Frost and Sullivan, a global growth consulting firm that has been partnering with clients to create value through innovative growth strategies, plans to expand its operations in the Middle East by the first quarter of 2008. Source: webindia123.com |
Apple Incorporated Chief Executive Steve Jobs took the wraps off a super-slim new laptop at the Macworld trade show on Tuesday. Jobs also confirmed Source: NDTV News |
Rolls-Royce, the British aerospace company, plans to create a leaner and more agile support structure by cutting 2,300 management and clerical jobs. Source: webindia123.com |
Kerala is facing a shortage of milk, forcing the Kerala Cooperative Milk Marketing Federation, the largest supplier of milk in the state, to buy from Source: NDTV News |
Essar Energy Overseas Ltd, a subsidiary of Essar Oil Limited, has entered into an agreement to acquire 50 per cent of Kenya Petroleum Refineries Ltd (KPRL), reports Deepak Joshi. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Prime Minister Gordon Brown will embark on a two-day visit to India from Sunday with an avowed objective to upgrade Britain's relations with the emerg Source: NDTV News |
As a consumer or a citizen how do you store your most valued electronic documents? Puneet Mehrotra tells us about more about e-governance... Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Civil aviation Minister Praful Patel today asked the Finance Ministry to rationalise the tax structure in the aviation industry including levies on av Source: NDTV News |
Orient Paper & Industries Ltd, a Birla group company, on Tuesday posted a net profit after tax of Rs 53.44 crore on a total income of Rs 322.30 crore for the third quarter to December 31, 2007 compared with Rs 36.55 crore on a total income of Rs 275.63 for the same quarter in 2006. Source: The Financial Express |
The index tumbled to a low of 19,513 - down 738 points from the previous close - in late noon deals. The NSE Nifty ended at 5,950, down 124 points. Aggressive buying at lower levels saw the index stage a significant recovery, and finally settle with a loss of 383 points at 19,868. Source: rediff Business |
It's party time for retail sector in Kolkata, as South City Mall getting off the block and Kumar Mangalam Birla's pan-India retail chain More is planning to open its first store in the city by sometime next month. Source: The Financial Express |
Kolkata-based Medica Synergie Pvt Ltd is setting up a 500-bed super speciality hospital on the eastern fringes of the city with an investment of about Rs 140 crore. The first phase of the project will have 300 beds. Source: The Financial Express |
Orient Paper & Industries Ltd, a Birla group company, on Tuesday posted a net profit after tax of Rs 53.44 crore on a total income of Rs 322.30 crore for the third quarter to December 31, 2007 compared with Rs 36.55 crore on a total income of Rs 275.63 for the same quarter in 2006. Source: The Financial Express |
The Prime Minister's Economic Advisory Council on Wednesday favoured more income tax sops as also a revision in indirect tax rates on consumer durables in Budget 2008-09 to fire up the economy. Source: rediff Business |
The initial public offer of Reliance Power Ltd, considered the largest in the history of the Indian capital market, was fully subscribed within minutes of opening on Tuesday. NSE data showed that the book-built issue was oversold 10.64 times, receiving bids for 242.67 crore equity shares. The company plans to sell only 26 crore shares. The bids for shares received at the cut-off price numbered 3.69 crore. Source: The Financial Express |
Finance Minister P. Chidambaram today held pre-budget talks with C Rangarajan, Chairman of the Economic Advisory Council to Prime Minister Dr. Manmohan Singh, and Civil Aviation Minister Praful Patel here today. Source: webindia123.com |
Gold had hit an all-time high of Rs 11,492 on the Multi Commodity Exchange, the largest commodity bourse. The gold contract has gone up more than 7 per cent so far in 2008. Traders said the demand for gold is dull, as many people are expecting that the prices will come down. Source: rediff Business |
While Scottish drivers have been cursing the recent mix of snow and high winds, ski areas and skiers have welcomed the best conditions in at least a decade. Source: webindia123.com |
Essel Group-promoted Dish TV on Wednesday said it was looking for a tie-up with the Indian Railways to implement DTH services in trains, which would enable travelers to watch Live TV while on the move. Source: rediff Business |
London, Jan 15 (ANI/Business Wire India): Hirco PLC, the nvestment vehicle for Hiranandani, Indias largest developer of restigious mixed-use townships, today announced that sales of esidential units in Phase 1 of its Chennai township development, iranandani Palace Gardens, continue to be strong both in terms f volume of residential units sold and the level of pricing chieved. Source: webindia123.com |
New Delhi, Jan 16 (PTI) Buoyed by the success of its broadband services both in
Delhi and Mumbai, state-run MTNL today said the company has lined up Rs 1,500
crore investments to expand GSM and... Source: PTI News : Business |
Some 60 wine brands from across the world are going to be showcased at the upcoming sixth International Food and Wine Show in Delhi, reports Varun Soni. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mumbai, Jan 15 (PTI) The Bombay Stock Exchange experienced all-round selling
pressure at noon today, with the benchmark index tumbling below the
20,000-point level as almost all the blue-chip... Source: PTI News : Business |
Entrepreneurs and service providers are finally finding ways to make money from mobile devices, writes Ajay Jain. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
New Delhi, Jan 16 (PTI) Civil aviation Minister Praful Patel today asked the
Finance Ministry to rationalise the tax structure in the aviation industry
including levies on aviation turbine fuel... Source: PTI News : Business |
The BSE-30 index, which lost over 477 points in Tuesday's trade, falls further by 382.98 points to 19,868.11. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mumbai, Jan 16 (PTI) Hotmail co-founder Sabeer Bhatia has launched
SabseBolo.Com, a free conferencing facility, a few months after launching Live
Documents, an online office application.
... Source: PTI News : Business |
According to the latest data available on NSE, the IPO got subscribed 11.29 times till 1300 hrs. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mumbai, Jan 16 (PTI) Reacting negatively to growing fears of the US recession,
the stock markets today tumbled further during morning trading on sustained
selling, also triggered by investors... Source: PTI News : Business |
Total income increased to Rs 196 crore for the third quarter to December 31, 2007 from Rs 176.5 crore during the year-ago period, the company informed the Bombay Stock Exchange. Source: The Financial Express |
The International Trade Administration of the US commerce department will pitch for legal reforms in India to accelerate financial reforms, which will help attract more foreign investments. Source: The Financial Express |
The healthcare arm of the country's largest private equity firm, ICICI Venture, has created a $250-million fund for investing in the $40-45 billion institutional healthcare delivery segment in the country. Source: The Financial Express |
The Bombay Stock Exchange benchmark index Sensex plunged 383 points on Wednesday making a loss of 1.89 per cent. In the broader markets, Nifty closed Source: NDTV News |
Trevor Bull, managing director, said that the minimum annual premium will be Rs 15,000. According to Bull, this product offers a variety of facilities under one roof. He said the policy has a flexible term ranging between five and 40 years. Source: The Financial Express |
The rupee hovered around last closing level on Wednesday against the US dollar and was hardly quoted change at 39.27/28 on alternate bouts of buying a Source: NDTV News |
The International Trade Administration of the US commerce department will pitch for legal reforms in India to accelerate financial reforms, which will help attract more foreign investments. Source: The Financial Express |
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