The scramble for land in Maharashtra is making many builders and the government walk the slum development path. First, it was Dharavi in Mumbai. CNBCTV18s Katya Naidu and Raksha Hegde said that now its Nagpur that is planning on unlocking 1,600 hectares of land, through a USD 4 billion slum redevelopment program. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 5:58 pm
The Orissa government Tuesday signed deals with private steel companies for three more steel plants to be set up in the state. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 12:00 pm
India's defence industry in the public and private sectors should drastically ramp up their R and amp;D expenditure if their products are to become globally competitive, Defence Minister A.K. Antony said Tuesday. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 12:00 pm
Usha Martin Ltd, a leading producer of speciality steel and wire rope, is looking to increase its operating margin to 24 percent in 2008-09 from the present 19 percent. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 11:31 am
Work began Tuesday for electrification and strengthening of power distribution infrastructure in rural areas of Uttar Dinajpur district of West Bengal under the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) scheme. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 11:30 am
Disappointed over the Reserve Bank Of India's (RBI) decision to keep key rates unchanged, Indian industry Tuesday said it has been deprived of the much-awaited policy thrust to revive demand and moderate the cost of credit. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 11:30 am
The midday meal scheme is the biggest school feeding program in the world. CNBCTV18 travels to Puducherry and find that it has gone a step beyond free lunches. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 10:04 am
Focusing mainly on keeping headline inflation close to 5 percent, the Reserve Bank of India (RBI) Tuesday left key rates unchanged and projected a growth of 8.5 percent for the economy during the current fiscal. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 9:30 am
Finance Minister P. Chidambaram Tuesday described the quarterly review of India's credit policy as a 'standstill' approach that will give flexibility to the central bank to move either ways based on domestic and global developments. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 9:30 am
Steel tycoon Lakshmi Mittal along with Ambani brothers, Mukesh and Anil, are among the 10 wealthiest CEOs in the world, according to American magazine Forbes. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 9:06 am
Suzlon Energy posted a consolidated net profit of Rs 151.69 crore for the third quarter ended December 31, against Rs 174.39 crore in the corresponding period last year. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 9:05 am
The Indian government will introduce a bill to make available more credit to members of rural self-help groups in the coming budget session of parliament. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 9:00 am
Endorsing the Reserve Bank's stance on monetary policy that has kept interest rates intact, FM P Chidambaram said there is still no certainty that capital flows will increase. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 8:54 am
In the first BPO buyout this year, USbased SPV Global BPO has bought BPO company Stream Holdings for USD 225.8 million. Global BPO will pay Stream USD 139.3 million in cash, assume Stream\'s debt of USD 72.2 million and issue stock worth USD 14.5 million. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 8:50 am
In a move that would make domestic bandwidth cheaper BSNL has decided to reduce tariffs for leased line Internet ports by up to 33%, reports Business Line. Leased line Internet ports are primarily used by corporates, Internet service providers and ITenabled service companies to link their various offices or clients. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 8:48 am
Pipe manufacturer Jindal Saw said it has secured $200-million order from Cairn Energy India Pty Ltd for supplying line pipes, tracer tube, insulation and bends. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 8:48 am
PepsiCo India Holdings Pvt Ltd, the Indian arm of the USbased cola giant PepsiCo, on Monday said it hopes to triple its revenues in the country within the next five years, reports Business Line. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 8:46 am
Sundaram Business Services, the Chennaibased BPO arm of Sundaram Finance, is expanding into tier2 cities of Tamil Nadu, reports Business Line. It plans to invest Rs 10 crore in setting up BPO facilities in Madurai and in Tiruchi. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 8:41 am
Lupin is getting primed to have both its prospective skinrelated psoriasis drug molecules licensed out for further development, reports Business Line. The Mumbaibased drug company is talking to potential partners who may take Lupins herbal and synthetic psoriasis molecules on to complete the cycle of drug development. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 8:39 am
Global rating agency Fitch in its Outlook for 2008 has assigned a stable rating for the Indian steel industry sector, reports Business Line. Source: Moneycontrol Top Headlines | 29 Jan 2008 | 8:36 am
Finance Minister P. Chidambaram Tuesday described the quarterly review of the credit policy as a 'standstill' approach that will give India's central bank the flexibility to move either ways based on domestic and global developments. Source: IndiaeNews.com: Business News | 29 Jan 2008 | 8:30 am
The man who made the bronze Big Bull, installed outside the Bombay Stock Exchange, has said the sculpture is being unfairly blamed for last week's market crash. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 8:05 am
Following are the highlights of the third quarter review of India's monetary and credit policy for fiscal 2007-08 conducted by the Reserve Bank of India (RBI) here Tuesday: Source: IndiaeNews.com: Business News | 29 Jan 2008 | 8:02 am
Belying expectations of a softer interest rate regime, RBI kept all key rates unchanged in a bid to maintain financial and price stability. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 7:51 am
Wall Street investment bank Merrill Lynch said that Ahmass Fakahany plans to retire as co-president and chief operating officer, effective February 1. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 5:22 am
Banking and realty stocks fell on the Bombay Stock Exchange as the Reserve Bank kept all key rates unchanged, dashing hopes of softer borrowing rates for customers. Source: Daily News & Analysis: Money News | 29 Jan 2008 | 5:15 am
In a double whammy for two-wheeler makers, whose sales fell nearly 8 per cent in April-December last year, leading financiers have put their products in the high-risk category.?? Source: Business Standard | Front Page Headlines | 29 Jan 2008 | 12:22 am
Indian consumers are no longer the most confident in the world, dipping from the number one slot for the first time since 2005. ?? Source: Business Standard | Front Page Headlines | 29 Jan 2008 | 12:20 am
Kolkata, Jan. 28 A group of market participants expecting a cut in cash reserve ratio or in repo rate by the Reserve Bank of India tomorrow, picked up interest sensitive sector stocks. BSE Auto Index closed in the green along with the Bankex ... Source: Business Line - Home Page | 29 Jan 2008 | 12:00 am
With the US economy clearly tipping into recession, international attention is now focussed on the extent to which China and India can create an alternative growth pole for the world economy through their increasing demand. In this edition of Macrosc an, C. P. Chandrasekhar and Jayati Ghosh assess the potential for China to play such a role by analysing its trade pattern with developing Asia. Source: Business Line - Home Page | 29 Jan 2008 | 12:00 am
Tata Motors will launch high-end luxury buses of Spain's Hispano Carrocera in the Indian market soon. Source: Daily News & Analysis: Money News | 28 Jan 2008 | 10:51 pm
JSW Steel Ltd, an integrated steel manufacturer with a capacity of 4 million tonnes per annum, is in talks with Australian and Canadian firms for strategic stakes in coking coal mines there. Source: Daily News & Analysis: Money News | 28 Jan 2008 | 10:45 pm
CNBCTV18 asked Sebi Chairman, M Damodaran, whether he would continue as Sebi Chief. In reply to this query, he said, \'Am I interested? What does that mean?Nobody appoints himself.\' Source: Moneycontrol Top Headlines | 28 Jan 2008 | 8:45 pm
One of Indias premier business school, ISB in Hyderabad has made it to number 20 in the top 100 global Bschools in the Financial Times, London list. The 6year old institute has been ranked twenty in the top 100 global Bschool list by the financial times London. Source: Moneycontrol Top Headlines | 28 Jan 2008 | 8:20 pm
