The RBI has revised its regulatory framework for mortgage guarantee companies. The Central Bank has said that mortgage guarantee companies will need to have minimum netowned funds of Rs 100 crore. The issue of enhancement of netowned funds would be reviewed after three years. Source: Moneycontrol Top Headlines | 23 Jan 2008 | 4:54 pm
A snapshot of which results have good and bad so far. Lupin results have been good but dont be surprised by three fold increase in net profit. The contribution has mainly come from their intellectual property rights which they sold to Servier for about 20 million euro Source: Moneycontrol Top Headlines | 23 Jan 2008 | 3:40 pm
The UP government has asked sugar mills to pay FY07 cane arrears amounting to Rs 800 crore by February 10, reports CNBCTV18. Source: Moneycontrol Top Headlines | 23 Jan 2008 | 2:55 pm
Amid global fears of economic recession, leaders of India Inc have emerged as most optimistic about their revenue growth over the next year, according to a global CEO survey. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 12:02 pm
Exports of Indian textiles, including readymade garments, have consolidated their presence in the tough markets of Europe in the past two years, according to official data. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 10:30 am
The annual Davos gathering of the world's political and business elite opened on Wednesday, dominated by the deep cut in US interest rate. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 10:23 am
State-owned Canara Bank posted a net profit of Rs.4.59 billion ($116 million) for the Oct-Dec quarter of fiscal 2007-08, registering 26 percent year-on-year (YoY) growth over the same period of last fiscal at Rs.3.63 billion ($92 million). Source: IndiaeNews.com: Business News | 23 Jan 2008 | 10:01 am
Leading engineering and construction firm Larsen and Toubro (L and amp;T) has bagged orders worth $269 million to lay power transmission lines and set up distribution stations in the Gulf region, the company said Wednesday. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 10:01 am
The Telecom Regulatory Authority of India (TRAI) Wednesday recommended guidelines for rolling out mobile television services to the Information and Broadcasting Ministry on various issues related to licensing and technology. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 10:00 am
A key Indian share market index soared over 6.5 percent Wednesday after the US Federal Reserve made a surprise move and cut its interest rates to cushion the crisis rocking the financial system across the globe. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 9:00 am
Himachal Pradesh government is preparing a list of non-manufacturing industrial units in the state as the centre has decided to end their excise tax holiday. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 9:00 am
Speaking to CNBCTV18, KV Kamath, ICICI Bank, said, We do not have the same conditions that are prevailing in the West, in India, whether it\'s the banking sector or the rest of the financial sector. Parts of manufacturing are not okay; but on the whole industry is doing well.\" Source: Moneycontrol Top Headlines | 23 Jan 2008 | 8:55 am
A consortium comprising Reliance Energy and Spanish rolling stock firm CAF has bagged the project to operate and manage a 22.7 km metro rail link between New Delhi city centre and international airport for 30 years, reports Business Line. The total project cost works out to about Rs 3800 crore including the civil work and rolling stock expenses. Source: Moneycontrol Top Headlines | 23 Jan 2008 | 8:50 am
Dell says its not shutting down its RD centre in Bangalore, contrary to recent media reports. The company is merely shifting focus from hardware to software RD, said Mr Pallab Talukdar, Enterprise Strategy Group, Dell India, reports Business Line. Source: Moneycontrol Top Headlines | 23 Jan 2008 | 8:48 am
Tata Motors has signed a development contract with Chryslers electric vehicle unit Global Electric Motorcars (GEM) to develop and market an electric version of the Ace for sale in the US, reports Business Line. Source: Moneycontrol Top Headlines | 23 Jan 2008 | 8:46 am
Scotland will be the guest of honour at the 30th Kolkata Book Fair, the largest book carnival in Asia, to be held at the Park Circus Maidan in central Kolkata from Jan 29 to Feb 10. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 8:31 am
Amid high volatility, Indian shares moved up Wednesday after opening higher as the US Federal Reserve stepped in to cushion the global financial crisis with a cut in interest rates, triggering positive reactions in stock markets across the globe. Source: IndiaeNews.com: Business News | 23 Jan 2008 | 8:01 am
Software services firm Infosys Technologies has imposed a fine on its Chief Executive Officer S Gopalakrishnan and an independent Director Jeffrey Sean. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 7:57 am
With the US Federal Reserve announcing an interest rate cut of 75 basis points, Indian industry has demanded similar measures from its central bank. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 7:11 am
India's leading private sector bank ICICI has chosen Dubai for the global launch of a fund that will focus on India's infrastructure and real estate sectors. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 7:10 am
Dell Inc and Microsoft Corp are teaming up to release a Product Red computer that donates up to $80 for every PC sold to buy and distribute AIDS-fighting drugs in Africa. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 6:14 am
Sensex, surged by 1,244 points on agressive buying by funds as the US Federal Reserve announced an interest rate cut by 75 basis points on Tuesday. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 5:16 am
A significant slowdown in world economic growth appears 'inevitable', the IMF has said, as it welcomed the US Federal Reserve's decision. Source: Daily News & Analysis: Money News | 23 Jan 2008 | 4:34 am
After the market re-opened at 10.55 am, Anil Anand (name changed), a retail investor working in a bank in Churchgate, called his broker to ask him to buy 100 shares of Reliance Communications. ?? Source: Business Standard | Front Page Headlines | 23 Jan 2008 | 12:25 am
Kolkata, Jan 22 Despite the drastic fall in stock market indices, the portfolios of the public sector banks remain protected. “We’ve well laid out system of managing our portfolios having exposure to both shares and mutual ... Source: Business Line - Home Page | 23 Jan 2008 | 12:00 am
The strong La Nina in the equatorial Pacific is predicted to last longer than thought and would favour an early onset of the southwest monsoon this year, according to researchers at the Japanese Agency for Marine-Earth Science and Technology ... Source: Business Line - Home Page | 23 Jan 2008 | 12:00 am
The stock market meltdown over the last two sessions has shaved off 11 per cent from the Sensex and 13 per cent off Nifty. Though the short-term outlook had turned negative after last Friday’s correction, the medium- and ... Source: Business Line - Home Page | 23 Jan 2008 | 12:00 am
Stock markets, the world over, have gone into a free fall. It wasn’t hard to spot the reasons. Foremost was the increasing risk of a US recession. Second, despite the already large writeoffs and capital injections, global banks are yet ... Source: Business Line - Home Page | 23 Jan 2008 | 12:00 am
Even as the Sixth Pay Commission deliberates performance-linked incentives for government employees, Finance Minister P Chidambaram has sanctioned a reward package for his tax collectors. ?? Source: Business Standard | Front Page Headlines | 20 Jan 2008 | 6:48 pm
Results declared so far show that India Inc's profits as well as sales have taken a beating for the quarter ended December 2008, compared to the corresponding quarter of the last financial year. Source: Business Standard | Front Page Headlines | 20 Jan 2008 | 6:48 pm
The Securities and Exchange Board of India (Sebi) has asked German cement maker Heidelberg Cement AG to acquire shares of Mysore Cements from the Indian promoters, the SK Birla group, at the same Source: Business Standard | Front Page Headlines | 20 Jan 2008 | 6:47 pm
The Tamil Nadu government would implement a Rs 1,596.30-crore project for providing basic facilities in its cities and towns under the Jawaharlal Nehru Urban Renewal Programme. Source: The Financial Express |
Sensex opened over 700 points on heavy purchases by funds triggered by a surprise interest rate cut of 75 basis points announced by the US Federal Reserve. Source: India Business-Business-The Times of India |
With the US Federal Reserve announcing an interest rate cut of 75 basis points, the industry demands similar steps from RBI, hoping it will check a possible slowdown. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Wall Street rebounded from early steep losses but still finished down Tuesday as investors managed recession fears amid indications of a bear market. Source: webindia123.com |
Stocks trimmed initial gains but still showed handsome rise with the Sensex up 555 points in early trade following a surprise rate cut by the US Federal Reserve. Source: India Business-Business-The Times of India |
The market has now shown its darker side to several youngsters who were investing big time in stocks to make easy money. Source: India Business-Business-The Times of India |
Equities came off early highs as nervous traders used the rise to exit positions. The rate cut in the US late provided the necessary relief to the panic struck market. Source: India Business-Business-The Times of India |
Whole Foods Market Inc., a leading natural foods retailer, has decided to forgo plastic grocery bags, eliminating one option in the checkout line. Source: webindia123.com |
BSE's Sensex ended at provisional 17,594.07, up 864.13 points or 5.17 per cent. It touched a high of 17,997.11 and low of 16,951.03. Source: India Business-Business-The Times of India |
After another day of equity markets awash in red, finally some good news. In a surprise development late on Tuesday, the US Federal Reserve announced a 75-basis point rate cut-one of its largest ever-which analysts said would buoy domestic sentiment and may help markets recover on Wednesday, although there are still leveraged positions to be unwound. The Fed's announcement couldn't have come at a better time. Source: The Financial Express |
The Union government has agreed to part-fund the Rs 20-crore quality testing facility in Thrissur for exporters of Ayurveda medicine. This time, it is department of Ayush, under ministry of health, that has offered 30% assistance for the proposed Ayurveda cluster in Kinfra park in Thrissur. Source: The Financial Express |
Nabard has offered handholding to crisis-struck Kerala milk co-operative Milma, where the State government has been dithering. At Rs 6 lakh loss per day, Milma is also locked in a battle of nerves with the State government over the need to jack up milk prices. Source: The Financial Express |
Finance Minister P Chidambaram on Tuesday said there was no ground for negative sentiment in the long run as the economy and corporate sector were resilient enough to withstand global shocks. Source: The Financial Express |
The Andhra Pradesh government is planning to make the Tirumala hills, the temple city, as 'no plastic zone'. While taking stock of pollution in the state, AP Chief Minister YS Rajasekhara Reddy has insisted that the Tirumala hills be made 'plastic free' city. Source: The Financial Express |
Amid global fears of economic recession, leaders of India Inc have emerged as most optimistic about their revenue growth over the next year, according to a global CEO survey. Source: India Business-Business-The Times of India |
Latin American markets rallied Tuesday following the U.S. Federal Reserves decision to slash interest rates by three-quarters of a percentage point. Source: webindia123.com |
The rupee turned weak and was quoted lower by about seven paise against the US currency at Rs 39.55/56 a dollar on heavy dollar demand amid weakness i Source: NDTV News |
Harley-Davidson introduced a new road bike and a retro Softail series motorcycle at the winter meeting of motorcycle dealers in San Antonio. Source: webindia123.com |
Oil prices were higher in early Asian trade on Wednesday after the US Federal Reserve cut key interest rates in a surprise move amid deepening worries Source: NDTV News |
A Hyderabad-based animation company, DQ Entertainment Ltd, that produces content for Walt Disney Television Animation, now plans to target Indian users. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
The Federal Reserve of United States announced a rate cut of 75 basis points to 3.5 per cent on Tuesday. The US markets took negative cues from the an Source: NDTV News |
TRAI recommends guidelines for rolling out mobile television services to the I&B Ministry on various issues related to licensing and technology. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Markets may have recovered but investors still need to be paid back which may cause a vicious circle. Most market participants believe that the circui Source: NDTV News |
An international seminar on ornamental fish breeding and trade will be held here from February 1. The five-day seminar is jointly organized by the Union agriculture ministry and department of fisheries. Source: The Financial Express |
Undeterred by the volatility on the Dalal street, realty major Emaar MGF on Wednesday said it would go ahead with its plan to enter the capital market for raising up to Rs 7,077 crore (Rs 70.77 bilion) through initial public offer. Source: rediff Business |
Finance Minister P Chidambaram on Tuesday said there was no ground for negative sentiment in the long run as the economy and corporate sector were resilient enough to withstand global shocks. Source: The Financial Express |
Budget airlines are now set to explore the non-metro markets. With high growth prospects there, the carriers are pumping in funds and offering attractive packages to lure customers. Source: rediff Business |
The Union government has agreed to part-fund the Rs 20-crore quality testing facility in Thrissur for exporters of Ayurveda medicine. This time, it is department of Ayush, under ministry of health, that has offered 30% assistance for the proposed Ayurveda cluster in Kinfra park in Thrissur. Source: The Financial Express |
"Exports of $150 billion are certain this year. If there is a surge, they could even go up to $155 billion," Commerce Secretary GK Pillai told reporters on the sidelines of a CII meeting on Foreign Trade Policy. Source: rediff Business |
An international seminar on ornamental fish breeding and trade will be held here from February 1. The five-day seminar is jointly organized by the Union agriculture ministry and department of fisheries. Source: The Financial Express |
After another day of equity markets awash in red, finally some good news. In a surprise development late on Tuesday, the US Federal Reserve announced a 75-basis point rate cut-one of its largest ever-which analysts said would buoy domestic sentiment and may help markets recover on Wednesday, although there are still leveraged positions to be unwound. The Fed's announcement couldn't have come at a better time. Source: The Financial Express |
Some profit taking towards the end saw the Sensex pare gains and finally settle at 17,594 - up 5.2% (864 points) - third best single-day gain ever. Thus, the index today broke its seven-day losing streak wherein the index had shed 19% (4,097 points). Source: rediff Business |
Predictions of a U.S. recession in 2008 could be wrong, economists with Wells Fargo Private Banks Mountain Midwest region said Tuesday. Source: webindia123.com |
According to a survey, Indian CEOs are most confident of economic growth in next year. India is followed by other BRIC nations, Brazil, Russia and China. Source: rediff Business |
President George Bush and congressional leaders Tuesday discussed how to find common ground for a stimulus package to boost the U.S. economy. Source: webindia123.com |
Rahul Bajaj, who has been attending the WEF Davos meeting for over a decade, said flow of funds in stock market should be taxed to check the liquidity build-up as is done by the Reserve Bank of India through Statutory Liquidity Ratio and Cash Reserve Ratio. Source: rediff Business |
Confidence in the U.S. economy is sagging among consumers, 30 percent of whom now rate the economy as poor, a Gallop Poll released Tuesday indicates. Source: webindia123.com |
Commerce and Industry Minister Kamal Nath has said a hefty cut in the US interest rates will have a positive impact for the Indian exports, but industry leader Rahul Bajaj felt the move will further hit exporters. Source: rediff Business |
A California home buyer who says she paid too much for her home sued her real estate agent, claiming the agent hid information to collect a larger commission. Source: webindia123.com |
Manoj Kumar
Davos, Jan 23 (PTI) The World Economic Forum's 38th annual meet began here
today amid growing concerns over the global impact of possible US recession,
but Commerce Minister Kamal... Source: PTI News : Business |
The Confederation of Indian Industry says, "With inflation under control and hovering around three percent, it is the right time for RBI to cut repurchase and reverse repo rates." Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mumbai, Jan 23 (PTI) Stock market benchmark Sensex ended a seven-day losing
streak today, gaining 864 points after the US Federal Reserve cut interest
rates in an emergency move to prevent the... Source: PTI News : Business |
Maruti Suzuki and Hero Honda Motors are forecast to report gains in quarterly net profits, but other vehicle makers are likely to have taken a hit from price discounts. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mumbai, Jan 23 (PTI) Country's largest lender State Bank of India today said it
would hold discussions with six of its associate banks, except State Bank of
Saurashtra, to decide on their merger... Source: PTI News : Business |
Air travel in India would be faster, and possibly cheaper, as soon as the civil aviation and defence ministries work out ways for civilian aircraft to fly over India's restricted airspace. Source: Hindustan Times News Feeds 'Business' | 1 Jan 1970 | 12:00 am
Mumbai, Jan 23 (PTI) Stocks trimmed initial gains but still showed handsome
rise with the BSE benchmark Sensex up 555 points in early trade following a
surprise higher-than- expected rate cut by... Source: PTI News : Business |
The stock index snaps a 7-day losing run as investors return to beaten-down stocks after an aggressive US interest rate cut boosted sentiment. The Tuesday Tumble | Pics
Washington, Jan 23 (PTI) A significant slowdown in world economic growth
appears "inevitable", the International Monetary Fund has said, as it welcomed
the US Federal Reserve's decision to cut... Source: PTI News : Business |
The Andhra Pradesh government is planning to make the Tirumala hills, the temple city, as 'no plastic zone'. While taking stock of pollution in the state, AP Chief Minister YS Rajasekhara Reddy has insisted that the Tirumala hills be made 'plastic free' city. Source: The Financial Express |
Grasim Industries Ltd, the Aditya Birla Group flagship company on Tuesday announced that the company has reported a growth of 29% in its net profit to Rs 722 crore for the quarter ended December 31, 2007 against Rs 559 crore in the corresponding quarter last year. Source: The Financial Express |
The Tamil Nadu government would implement a Rs 1,596.30-crore project for providing basic facilities in its cities and towns under the Jawaharlal Nehru Urban Renewal Programme. Source: The Financial Express |
Eminent Indian American and head of soft drinks giant PepsiCo, Indra Nooyi, has been elected chairman of the US India Business Council (USIBC), which Source: NDTV News |
Nabard has offered handholding to crisis-struck Kerala milk co-operative Milma, where the State government has been dithering. At Rs 6 lakh loss per day, Milma is also locked in a battle of nerves with the State government over the need to jack up milk prices. Source: The Financial Express |
The retail investors on Tuesday took their protest to Dalal Street as markets registered its biggest intra-day crash ever. Within seconds of opening, Source: NDTV News |
Grasim Industries Ltd, the Aditya Birla Group flagship company on Tuesday announced that the company has reported a growth of 29% in its net profit to Rs 722 crore for the quarter ended December 31, 2007 against Rs 559 crore in the corresponding quarter last year. Source: The Financial Express |
Warning: include(/var/chroot/home/content/r/a/m/ramnem/htmlgoogle_vadd.txt) [function.include]: failed to open stream: No such file or directory in /home/content/r/a/m/ramnem/html/archives/200801/20080123_india_bussiness.php on line 13
Warning: include() [function.include]: Failed opening '/var/chroot/home/content/r/a/m/ramnem/htmlgoogle_vadd.txt' for inclusion (include_path='.') in /home/content/r/a/m/ramnem/html/archives/200801/20080123_india_bussiness.php on line 13
Warning: include(/var/chroot/home/content/r/a/m/ramnem/htmlgoogle_vadd.txt) [function.include]: failed to open stream: No such file or directory in /home/content/r/a/m/ramnem/html/archives/200801/20080123_india_bussiness.php on line 13
Warning: include() [function.include]: Failed opening '/var/chroot/home/content/r/a/m/ramnem/htmlgoogle_vadd.txt' for inclusion (include_path='.') in /home/content/r/a/m/ramnem/html/archives/200801/20080123_india_bussiness.php on line 13
