Orissa govt to restart land demarcation for Posco site

The Orissa Government on Thursday decided to restart land demarcation work for the proposed steel plant from January 21.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 12:04 pm

DLF signs MoU with Gayatri Projects for infra development

DLF Ltd, India's largest real estate developer, on Thursday announced a joint venture with infrastructure firm Gayatri Projects to develop roads, highways.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 11:53 am

India braces for impact of slowdown in US economy

Drastic cut in interest rates by the US to avert a recession will affect India, but New Delhi will take steps to counter such an impact, Finance Minister said.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 11:41 am

Indian employees to get highest salary hike worldwide in 2008

Indians working with MNCs are slated to get the highest salary hike of about 14 percent on an average across the world in 2008.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 11:06 am

Bharti AXA life insurance forays into pension segment

Bharti AXA life insurance announced its foray into pension segment with the luanch of its 'Dream Life pension'.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 9:04 am

RIL to invest $2 bn over next two quarters for E&P

Mukesh Ambani-spearheaded Reliance Industries will invest $2 billion in oil exploration and production a top company official said.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 8:46 am

Dhanus Technologies buys Turkish telecom firm

In a mega acquisition by a domestic telecom giant, Chennai-based Dhanus Technologies has acquired Borusan Telekom, Turkey's first alternative telecom operator with A type (broad) licence. Dhanus Technologies provides global call cards and GPS tracking devices.
Source: IndiaeNews.com: Business News | 17 Jan 2008 | 7:00 am

Andhra biotechnology sector to attract Rs.17.30 bn investments

The biotechnology sector in the southern state of Andhra Pradesh is expected to attract Rs.17.30 billion worth of new investments.
Source: IndiaeNews.com: Business News | 17 Jan 2008 | 7:00 am

Tata Steel launches JV in Oman

Tata Steel has signed an agreement with Oman's Al Bahja Group to set up a joint venture company to explore and develop the Uyun limestone deposits in Salalah.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 6:03 am

Market downtrend continues in morning session

Although the Thursday morning session on Indian bourses started on a cautious note, benchmarks continued to slide amid fear of more tolls on sub-prime account in US markets after Citi Group and Merrill Lynch reported they were being affected.
Source: IndiaeNews.com: Business News | 17 Jan 2008 | 6:00 am

E-governance brings down sand prices in Kerala district

With imaginative use of IT, the administration in Kerala's Thrissur district has successfully brought down the price of sand, which had been controlled by a mafia of sand miners and lorry owners.
Source: IndiaeNews.com: Business News | 17 Jan 2008 | 6:00 am

'Fuel prices likely to be announced on Thursday'

The government is likely to announce the change in fuel prices during the GoM meet on Thursday.
Source: Daily News & Analysis: Money News | 17 Jan 2008 | 6:00 am

Orissa bans poultry imports from West Bengal

Orissa has banned poultry imports from the neighbouring state of West Bengal following confirmation of the outbreak of the deadly H5N1 virus of bird flu in that state.
Source: IndiaeNews.com: Business News | 17 Jan 2008 | 4:31 am

'Online gaming can earn government $300 million'

Online gaming has the potential to fetch the government at least Rs.12.5 billion ($318 million) a year with the figure steadily rising over the years, says the chief executive of the company that pioneered online lottery in India.
Source: IndiaeNews.com: Business News | 17 Jan 2008 | 4:00 am

Reliance Power IPO: Most subscribe in the upper band


Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

Reliance Ind, Reliance Energy recover on fund buying

Reliance Industries and Reliance Energy Ltd have witnessed a sharp recovery from the day’s low on Wednesday and helped the broader market to recover some of the losses. While the former touched a low of Rs 3,032.6 and recovered to close at ...
Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

Simplex to foray into thermal power production


Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

Sensex slips below 20K

Mumbai, Jan. 16 With foreign institutional investors continuing to press the ‘sale’ button and general negative sentiment worldwide, equity values continued to slide in the domestic market. The BSE benchmark index Sensex slipped ...
Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

HCL’s two low-cost laptops to be available from Jan 26

Some features dispensed with to keep prices down
Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

There’s more in it than meets the eye

COLOURFUL BANKING
Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

Negative sentiments pull down power stocks

‘Re-rating taking place due to Reliance Power IPO’
Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

TCS Q3 numbers just meet expectations

Company cautious in terms of outlook
Source: Business Line - Home Page | 17 Jan 2008 | 12:00 am

`RBI is protectionist,` says British trade minister

Stanchart's plan for 100 rural branches stuck.??
Source: Business Standard | Front Page Headlines | 16 Jan 2008 | 6:47 pm

Std deduction limit may be raised to Rs 1.2 lakh

Individual tax payers may be able to avail of higher standard deduction on taxable income from the next financial year with the finance minister considering raising the standard deduction limit to Rs
Source: Business Standard | Front Page Headlines | 16 Jan 2008 | 6:47 pm

Low-cost UV on Mahindra radar

5-seater to be priced below Rs 4 lakh. ??
Source: Business Standard | Front Page Headlines | 16 Jan 2008 | 6:44 pm

Chhattisgarh's food subsidy impresses Rajnath Singh

Bharatiya Janata Party (BJP) president Rajnath Singh Wednesday recommended adoption of Chhattisgarh's ambitious food subsidy scheme of selling rice at Rs.3 per kg by all BJP ruled states as a model to provide succour to the poor.
Source: IndiaeNews.com: Business News | 16 Jan 2008 | 3:30 pm

Indian firm acquires mining concessions in Chile

Sajjan Jindal-owned diversified firm JSW Steel Ltd has acquired eight concessions to explore and mine iron ore in the Atacama region of Chile for $52 million, the company said Wednesday.
Source: IndiaeNews.com: Business News | 16 Jan 2008 | 3:03 pm

Bitter harvest drives grape farmers to suicide

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

Sensex suffers first new year low, slips 477 pts

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

Mayawati pays Rs 15 crore advance tax

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

Rel Power IPO subscribed in one minute

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

VW plans rival to Tata`s Nano

Launch will be under separate brand name. ??
Source: Business Standard | Front Page Headlines | 15 Jan 2008 | 6:56 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

Indian employees to get highest salary hike in 2008

According to a study, Indian employees working with MNCs are slated to get the highest salary hike of about 14 per cent on an average across the world in 2008.
Source: India Business-Business-The Times of India |

FTV rides on the food factor

Fashion and FTV are synonymous to each other across the world. To bring the global fashion experience to India, FTV India has launched its second F Bar & Kitchen on the outskirts of Delhi.
Source: The Financial Express |

GNMRL eyes oil blocks in Australia

Gujarat NRE Mineral Resources Ltd, the company promoted by Gujarat NRE Coke, has offered 10 crore equity shares to its existing shareholders on a rights basis.
Source: The Financial Express |

Govt puts off decision on raising FDI cap in aviation

The Union Cabinet has deferred a decision on raising the cap on foreign direct investment in the civil aviation sector.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Jetro, Ipicol sign MoU to attract investment


Source: The Financial Express |

We are in no tearing hurry to list

We are not going on an expansion spree. We are already on one. Our growth is not for the sake of growth, but for the sake of cost efficiency.
Source: The Financial Express |

guruji.com to go global

Bangalore-based indigenous search engine guruji.com is planning to go global in the next couple of years.
Source: The Financial Express |

'Online gaming can earn India $300 mn'

Online gaming has the potential to fetch the govt at least Rs 12.5 bn ($318 mn) a year with the figure steadily rising over the years, says the Playwin chief.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Ernst & Young leads buyers interest in Wadias GoAir

Global consulting major Ernst & Young approached the Wadia-promoted GoAir on the behalf of various buyers interested in buying minority stake in the company.
Source: The Financial Express |

NFL, RCF, Kribhco to form JV

In a significant move, the state-run National Fertilisers Ltd, Rashtriya Chemical & Fertilisers and cooperative unit Krishak Bharati Cooperative Limited will soon sign a memorandum of understanding for the formation of joint venture to explore the possibility of investments in nitrogenous, phosphatic and potassic sector in resources rich countries.
Source: The Financial Express |

DVC under CVC scanner

The Central Vigilance Commission has asked the Damodar Valley Corp to review its tender documents floated during December for evacuating ash following allegations that it imposed convoluted conditions to squeeze participation.
Source: The Financial Express |

Govt puts off decision on raising FDI cap in civil aviation

New Delhi, Jan 17 (PTI) The Union Cabinet today deferred a decision on raising the cap on foreign direct investment in the civil aviation sector. "The issue has been deferred," Information and...
Source: PTI News : Business |

Market gains after two days

The BSE-30 share index, Sensex, which had lost over 383 points on previous day trade, gained by 104.64 points at 19,972.75 in the first five minutes of trade.
Source: India Business-Business-The Times of India |

Exports may rise to $150 bn in 2008: Govt

India's exports in the current financial year is likely to increase to $150 billion, short of the target by $10 billion, a top government official said on Wednesday.
Source: India Business-Business-The Times of India |

Jetro, Ipicol sign MoU to attract investment


Source: The Financial Express |

Do-not-call list: 75 lakh users registered so far

Trai had set up the National-Do-Not-Call (NDNC) Registry in October last year. So far, 75 lakh phone users have registered for NDNC.
Source: India Business-Business-The Times of India |

We are in no tearing hurry to list

We are not going on an expansion spree. We are already on one. Our growth is not for the sake of growth, but for the sake of cost efficiency.
Source: The Financial Express |

Fuel prices likely to be announced today: Oil Secy

Petroleum Secretary MS Srinivasan said a change on fuel prices was likely after the GoM meet later during the day.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

NFL, RCF, Kribhco to form JV

In a significant move, the state-run National Fertilisers Ltd, Rashtriya Chemical & Fertilisers and cooperative unit Krishak Bharati Cooperative Limited will soon sign a memorandum of understanding for the formation of joint venture to explore the possibility of investments in nitrogenous, phosphatic and potassic sector in resources rich countries.
Source: The Financial Express |

Sensex sheds 167 points on weak global trend

The Bombay Stock Exchange benchmark Sensex falls further by 167 points on heavy selling by funds, sparked by weak global trends.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Rupee at 39.34 against US Dollar

The rupee on Thursday reacted further downwards by five paisa to Rs 39.34/35 a dollar following sluggish global equity market. In fairly active trade
Source: NDTV News |

Ernst & Young leads buyers interest in Wadias GoAir

Global consulting major Ernst & Young approached the Wadia-promoted GoAir on the behalf of various buyers interested in buying minority stake in the company.
Source: The Financial Express |

Re depreciates against US dollar

The rupee reacted further downwards by five paisa to Rs 39.34/35 against the US currency following sluggish global equity market.
Source: India Business-Business-The Times of India |

Sensex falls for fourth day in a row on weak global trend

Mumbai, Jan 17 (PTI) In the fourth straight weak session, the Bombay Stock Exchange benchmark Sensex fell further by 167 points today on heavy selling by funds, sparked by weak global trends. ...
Source: PTI News : Business |

Australia raises concern on India's sugar export sops

New Delhi, Jan 17 (PTI) After raising the sugar export subsidy issue in WTO, Australia has taken it up with India saying the sops distort a competitive global market for the sweetener. The...
Source: PTI News : Business |

Reliance Energy Q3 PAT up 50 pc at Rs 301 cr

Mumbai, Jan 17 (PTI) Anil Ambani group firm Reliance Energy today posted 50.02 per cent increase in profit after tax at Rs 301.60 crore for the quarter ended December 31, 2007 as compared to Rs...
Source: PTI News : Business |

REL Q3 net at Rs 301.6 cr, 50% increase YoY

Anil Ambani-owned power utility firm, Reliance Energy Ltd (REL) today said its net profit registered an increase of 50 per cent to Rs 301.6 crore for the third quarter ended December 31, 2007 as compared to Rs 201.03 in the corresponding quarter last year.
Source: webindia123.com |

Sales, profit growth rates of India Inc decline in first half: RBI

According to the report, the growth rate of sales during the first half of the current fiscal decelerated to 17.4 per cent from 27.4 per cent in the corresponding period last year.
Source: India Business-Business-The Times of India |

Varanasi handloom industry hoping for a windfall with Jodha Akbar

Varanasis handloom industry is anticipating that they would gain an image boost across the country after learning that Bollywood actress Aishwarya Rai will be seen dressed in popular Banarasi saris in her upcoming film Jodha Akbar.
Source: webindia123.com |

Govt for more role of private cos in coal exploration

For this purpose, the Centre had also decided to ramp up the infrastructure of CMPDI, an institute engaged in the development of mines, to enable companies undertake exploration activity in these blocks.
Source: India Business-Business-The Times of India |

India is inspiring European nations: Hungarian PM

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 loses ground, ends lower

Bombay Stock Exchanges Sensex closed provisionally at 19,667.46, down 205.85 points or 1.04 per cent. It touched a high of 20,026.12 and low of 19,643.76.
Source: India Business-Business-The Times of India |

RIL hits new milestone in turnover

For the first time ever, Mukesh Ambani-promoted Reliance Industries Ltd's (RIL) three quarter turnover exceeded Rs 1,000 billion, the company said in
Source: NDTV News |

Ranbaxy to demerge its RandD operations

Ranbaxy Laboratories Ltd today said it will spin off its RandD unit into a separate entity.
Source: webindia123.com |

Tracks for freight soon: Lalu

In a bid to accelerate movement of goods trains and reduce delay, the Railways will provide freight tracks by trippling lines in phases, Railway Minis
Source: NDTV News |

Millennium Equity enters tower biz

The Millennium Private Equity (MPE) has struck a deal with the Investment Corporation of Dubai (ICD) to invest into an Indian telecom tower business,
Source: NDTV News |

BIO-Asia Partnering Conference 2008 to be held in Tokyo from Jan 28

Washington, Jan 17 (ANI/Business Wire India): Executives from biotechnology and pharmaceutical companies in North America, Europe and the Asia Pacific region will meet to explore business opportunities at the fifth annual BIO-Asia Partnering Conference.
Source: webindia123.com |

BSNL has no IPO plans: Govt

State-owned telecom giant Bharat Sanchar Nigam Limited has no plans to come out with an initial public offer in the immediate future, a government statement said on Thursday.
Source: rediff Business |

Bangalore to host South India Jewellery Show 2008

Bangalore, Jan 17 (ANI/Business Wire India): The second edition of South India Jewellery Show 2008 (SIJS) will be held here from January 18 to 20.
Source: webindia123.com |

India's GDP to slow down to 8%: Moody's

Although fundamentals remain strong and its prospects upbeat after an impressive pace in 2007, the growth in India's domestically-driven economy would moderate in 2008 as domestic demand eases and exports cool, according to Moody's Economy.com, a subsidiary of the global credit rating agency.
Source: rediff Business |

Tata Steel launches JV in Oman

Tata Steel has signed an agreement with Omans Al Bahja Group to set up a joint venture company to explore and develop the Uyun limestone deposits in Salalah in the south of the Sultanate. The Indian company will hold 70 per cent stake in the joint venture named Al Rimal Minerals. It will develop and operate the Uyun mine, Managing Director of Tata Steel B Muthuraman said in Muscat yesterday. He announced that the venture will be started with an initial investment of one million dollars. In the next three to four years we expect to produce 10 million tonnes of limestone from the mines and that the total investments could increase to 150 million dollar, he added.
Source: webindia123.com |

Sensex ends down 167pts; RIL drops 3%

The Sensex opened with a positive gap of 105 points at 19,973 and hit a high of 20,026 in early deals
Source: rediff Business |

Finance Minister holds pre-budget talks with Economic Advisory Council chief

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 |

Tata Steel to invest Rs 600 cr in Oman

Tata Steel plans to invest nearly Rs. 600 crores on limestone deposits in Oman.
Source: rediff Business |

RIL Q3 net profit jumps two-fold

Reliance Industries posts 162.22% jump in net profit at Rs 8,079 cr for the quarter ended on Dec 31, 2007.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

No tax exemption on investment in IPOs

As far as investing in shares is concerned, the taxability of profit depends on the period of holding that shares.
Source: rediff Business |

E-governance lowers sand prices in district

With imaginative use of IT, the administration in Thrissur district successfully brings down sand prices.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

India, Bahrain telcos form JV

India and Bahrain firms have formed a JV to provide solutions for telecom infrastructure.
Source: rediff Business |

GDP growth to slowdown to 8 pc in 2008: Moody's

India's economic growth will slow down to eight pc in 2008, as higher interest rates would dampen credit demand and take some steam out of consumer spending, says the international rating agency.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

Your loan repayment history matters!

With the imminent introduction of individual credit scores, your loan repayment history will determine how banks will deal with you.
Source: rediff Business |

Reliance Power IPO generates demand worth Rs 2.05 trillion

An initial public offering by Anil Ambani Group firm Reliance Power on Thursday made history with the IPO attracting bids for shares worth Rs 2.05 trillion.
Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am

SIPs: Great way to create wealth

SIPs in our view are a great way to create wealth. but one must understand that sips are only a means to investing in mutual funds. if you do an sip into a poorly managed fund, then don't expect to create wealth. so identify your schemes well, and then do SIPs. add lump sums to the schemes when the opportunity presents itself.
Source: rediff Business |

DVC under CVC scanner

The Central Vigilance Commission has asked the Damodar Valley Corp to review its tender documents floated during December for evacuating ash following allegations that it imposed convoluted conditions to squeeze participation.
Source: The Financial Express |

Reliance Power IPO generates demand worth Rs 2.05 trillion

Mumbai, Jan 17 (PTI) An initial public offering by Anil Ambani Group firm Reliance Power today made history with the IPO attracting bids for shares worth Rs 2.05 trillion, highest in the Indian...
Source: PTI News : Business |

guruji.com to go global

Bangalore-based indigenous search engine guruji.com is planning to go global in the next couple of years.
Source: The Financial Express |

Sensex closes at 19,700

Markets closed weak on Thursday with the benchmark index at 19,700 levels making a loss of 0.84 per cent or 167 points. In the broader markets, Nifty
Source: NDTV News |

GNMRL eyes oil blocks in Australia

Gujarat NRE Mineral Resources Ltd, the company promoted by Gujarat NRE Coke, has offered 10 crore equity shares to its existing shareholders on a rights basis.
Source: The Financial Express |

GoM to meet on fuel price hike

The UPA government finds itself between a rock and a hard place as it debates two crucial and controversial decisions on food subsidies and fuel price
Source: NDTV News |

FTV rides on the food factor

Fashion and FTV are synonymous to each other across the world. To bring the global fashion experience to India, FTV India has launched its second F Bar & Kitchen on the outskirts of Delhi.
Source: The Financial Express |
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