Markets bearish for third day, Sensex down 333 pts

Marketmen said investors continued to lighten their commitments rather than rolling over to next derivatives contract beginning on February 1 after a disappointing monetary policy.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 12:15 pm

Sensex loses 333 pts at close - Sify


Hindu Business Line

Sensex loses 333 pts at close
Sify - 30 minutes ago
Save for a brief while this morning, when they edged up a bit, the benchmark indices Sensex and Nifty were seen struggling in the red right through the session today as weak global markets dampened the mood significantly.
Mixed effect of RBI policy on autos, banks, realty Economic Times
Mkts end flat amid choppiness; bank, realty stocks drag Moneycontrol.com
Rediff - Hindu Business Line - Sify - Sify
all 65 news articles

Source: Google News India - Business | 30 Jan 2008 | 12:02 pm

Govt okays 100% FDI in MROs - Business Standard


Govt okays 100% FDI in MROs
Business Standard - 35 minutes ago
The government today gave its approval for 100% foreign direct investment (FDI) in certain sectors like Maintenance Repair and Overhaul organisations (MROs) and flying training institutes (FTI).
Govt allows 100 pc FDI in MRO, chopper services Press Trust of India
REVIEW OF FOREIGN DIRECT INVESTMENT POLICY FOR FURTHER LIBERALIZATION Press Information Bureau (press release)
Myiris.com
all 6 news articles

Source: Google News India - Business | 30 Jan 2008 | 11:57 am

Tata Chemicals Q3 net dips 41.55% at Rs 91.09 cr - Sify


Tata Chemicals Q3 net dips 41.55% at Rs 91.09 cr
Sify - 45 minutes ago
The company has posted a net profit after tax of Rs 125.48 crore for the quarter ended December 31, 2007 as compared to Rs 116.77 crore for the quarter ended December 31, 2006.
Tata Chemicals Q3 PAT dips 42% Business Standard
all 2 news articles

Source: Google News India - Business | 30 Jan 2008 | 11:47 am

Markets bearish for third day, Sensex down 333 points - Hindu


Gulf Times

Markets bearish for third day, Sensex down 333 points
Hindu - 51 minutes ago
Mumbai (PTI): The markets continued to be bearish with the benchmark Sensex of the Bombay Stock Exchange extending its losses to third straight day by paring over 300 points due to global weakness and in the absence of any major trigger.
Sensex, Nifty end 2% lower ahead of US Fed meet Economic Times
Sensex down 189 points in early trade Hindustan Times
Zee News - Business Standard - Bangkok Post - Xinhua
all 85 news articles

Source: Google News India - Business | 30 Jan 2008 | 11:41 am

India should focus on rural connectivity: Pitroda

The challenge before the country is to enhance rural connectivity and use technologies in the field of education National Knowledge Commission Chairman Sam Pitroda said.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 11:09 am

Bajaj Auto Q3 net down over 16 pc at Rs 274 cr

Bajaj Auto Ltd on Wednesday posted a 16.61 per cent decline in net profit at Rs 273.82 crore for the third quarter ended December 31, 2007.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 11:02 am

SAP cautious in 2008 as it absorbs Business Objects

SAP gave a conservative outlook for 2008 as it expands in new directions through a 4.8 billion-euro acquisition and a new line of software for the mid-market.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 10:45 am

TCS bags Rs 784-crore outsourcing deal - Hindu


Press Trust of India

TCS bags Rs 784-crore outsourcing deal
Hindu - 2 hours ago
Mumbai (PTI): Tata Consultancy Services Ltd., has secured around Rs 784 crore order from Sun Life Financial of Canada for offering outsourcing services.
TCS arm wins BPO contract from Sun Life Financial India Infoline.com
TCS BPO bags order, stock up Moneycontrol.com
KalingaTimes - Business Standard - Economic Times - Myiris.com
all 30 news articles

Source: Google News India - Business | 30 Jan 2008 | 10:31 am

Sun Pharma launches Pantoprazole tablets

Pharmaceutical firm Sun Pharma said it has commercially launched Pantoprazole tablets in the United States, used for treating oesophagus ailments.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 10:25 am

'Private equity funding to touch $48 bn by 2010'

Investment by overseas private equity funds is set to touch $48 billion in India by 2010, even as the country has established an edge over China in this industry, says a new study.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 9:43 am

'Private equity funding to touch $48 bn by 2010'

Investment by overseas private equity funds is set to touch $48 billion in India by 2010, from $17.14 billion last year, even as the country has established an edge over China in this industry, says a new study.
Source: IndiaeNews.com: Business News | 30 Jan 2008 | 9:00 am

Airtel's third quarter profit zooms over 40 percent

Bharti Airtel Ltd, India's largest mobile service provider, Wednesday posted a profit of Rs.17.22 billion ($437 million) for the third quarter (Oct-Dec 2007) of the current fiscal, an increase of 42 percent from the same period last year.
Source: IndiaeNews.com: Business News | 30 Jan 2008 | 8:31 am

Essar Oil seeks to raise $2 billion - Hindustan Times


Essar Oil seeks to raise $2 billion
Hindustan Times - 4 hours ago
The Ruias promoted Essar Oil will soon seek an approval of shareholders to raise $2 billion to fund its activities, including expansion of existing refining capacity and hydrocarbons exploration and production.
India Essar to raise $2 bln, ramp up unit by March Reuters
Essar Oil to consolidate E&P business India Infoline.com
Forbes - Economic Times - Bloomberg - Trading Markets (press release)
all 18 news articles

Source: Google News India - Business | 30 Jan 2008 | 7:50 am

Tata Consultancy wins $200 mn Canadian contract

TCS said one of its subsidiaries, Diligenta, has won a contract worth over $200 million to support BPO services for Canada-based Sun Life Financial.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 7:31 am

Bharti Airtel Q3 net up 42% - NDTV.com


AFP

Bharti Airtel Q3 net up 42%
NDTV.com - 5 hours ago
Bharti Airtel Limited has reported consolidated total revenues of Rs 6964 crore for the third quarter ended December 2007 translating into a growth of 42 per cent as compared to the previous corresponding period.
Bharti Airtel Q3 consolidated net up 38% Business Standard
Bharti Airtel Q3 net jumps 42% at Rs 1722 cr Times of India
Economic Times - AFP - Myiris.com - India PRwire (Press Release)
all 16 news articles

Source: Google News India - Business | 30 Jan 2008 | 7:06 am

Essar Oil seeks to raise $2 billion

The Ruias promoted Essar Oil will soon seek an approval of shareholders to raise $2 billion to fund its activities, including expansion of existing refining capacity and hydrocarbons exploration and production.
Source: IndiaeNews.com: Business News | 30 Jan 2008 | 7:00 am

Office romances: From boardroom to bedroom - CNN-IBN


CNN-IBN

Office romances: From boardroom to bedroom
CNN-IBN - 6 hours ago
CUPID AT THE WORKPLACE: Long work schedules and proximity to colleagues may lead to romantic involvements. Advani and Modi's security was reviewed by the Home Ministry.
Bed and board(room)? It’s no big deal, say execs Hindustan Times
Kiss & tell survey points to changing office mores Financial Express
domain-B - Hindu Business Line
all 10 news articles

Source: Google News India - Business | 30 Jan 2008 | 6:29 am

Tata Consultancy wins $200 mn Canadian contract

Tata Consultancy Services (TCS) Wednesday said one of its subsidiaries, Diligenta, has won a contract worth over $200 million to support business process outsourcing (BPO) services for Canada-based Sun Life Financial.
Source: IndiaeNews.com: Business News | 30 Jan 2008 | 6:01 am

India not stealing jobs from West: Premji - Business Standard


India not stealing jobs from West: Premji
Business Standard - 6 hours ago
PTI / Toronto January 30, 2008 Countering the rancour in the West against outsourcing of jobs, Azim Premji, chairman, Wipro, said India was not stealing their jobs and its businesses were moving into developed countries which did not have enough ...
Indian IT immune to US slowdown Times of India
Wipro says pessimism on Indian IT growth overdone Livemint
Deccan Herald
all 24 news articles

Source: Google News India - Business | 30 Jan 2008 | 5:39 am

Indian equities open lower after interest rate freeze

Indian equities opened lower Wednesday, a day after the quarterly review of the monetary and credit policy by the Reserve Bank of India (RBI), as sentiments were dampened by the status quo on interest rates.
Source: IndiaeNews.com: Business News | 30 Jan 2008 | 5:30 am

RBI nudges banks to cut rates

More measures to curb capital inflows likely. ??
Source: Business Standard | Front Page Headlines | 30 Jan 2008 | 5:30 am

Bharti Airtel Q3 net jumps 42 pc at Rs 1,722 cr

Telecom service provider Bharti Airtel on Wednesday posted a 42 per cent increase in its net profit at Rs 1,722 crore for the third quarter.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 5:29 am

Sensex down 189 points in early trade

The Bombay Stock Exchange benchmark Sensex fell by 189 points in early trade on Wednesday on selling by funds.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 5:25 am

Shriram EPC IPO subscribed 2.15 times on day one - Moneycontrol.com


Shriram EPC IPO subscribed 2.15 times on day one
Moneycontrol.com - 7 hours ago
Initial public offer of integrated design and engineering service provider Shriram EPC got subscribed over two times on the first day of issue.
IPOs draw good subscription Economic Times
Bang Overseas IPO receives 0.56 times subscription Equity Bulls
Equity Bulls
all 6 news articles

Source: Google News India - Business | 30 Jan 2008 | 5:08 am

29 India-based IT companies among world's best 100

Twenty-nine India-based companies have been listed among the best 100 IT service providers in a new survey.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 4:52 am

Chidambaram backs RBI’s decision to keep rates unchanged

‘Stance reinforces the emphasis on price stability’
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Day trading guide


Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Zee News (Rs 67.45): Buy

We recommend a buy in Zee News at current market price from a short-term perspective. From the charts of the Zee News, we see that the stock has been on a steady long-term uptrend from January 2007 low of Rs 30. However, after marking an ...
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Stop the superstition: BSE

‘Trivial issue has been blown out of proportion’
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

The Guv does it again!

PLAYING WITH A STRAIGHT BAT
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Bank stocks take a beating

Mumbai, Jan. 29 Bank stocks took a beating on the bourses on Tuesday as the Reserve Bank of India’s Credit Policy belied the market expectation of a rate cut. The BSE-Bankex plunged 3.48 per cent after riding high on Monday on ...
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Key rates unchanged; RBI focuses on inflation control

Interest rates unlikely to soften in the short term
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Rate sensitive sectors marked down

Door open for future rate cuts
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Maruti Suzuki Q3 net up 24% on increased sales

New Delhi, Jan. 29 Maruti Suzuki India Ltd has reported a 24.1-per cent increase in net profit for the third quarter ended December 2007at Rs 467.04 crore as compared to Rs 376.41 crore for the quarter ended December 2006.The net sales ...
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

‘BPO sector can see 5-fold growth’

Will generate 2 m direct jobs: Nasscom-Everest study
Source: Business Line - Home Page | 30 Jan 2008 | 12:00 am

Daimler, Hero JV to manufacture CVs above 2T GVW

Daimler and Hero have submitted their proposed joint venture application to FIPB on December 17, reports CNBCTV18, quoting sources. Daimler AG is proposing to enter into a technology license agreement with the Hero Group. The new JV company will design, manufacture, and sell CVs above 2 tonne GVW for India and international markets.
Source: Moneycontrol Top Headlines | 29 Jan 2008 | 7:59 pm

Bull blamed for bear hug?

It’s the bull! That’s what many brokers blame for the bear hug on Dalal Street. CNBCTV18’s Payal Bhattar says that BSE\'s bull has kicked up a storm on the street.
Source: Moneycontrol Top Headlines | 29 Jan 2008 | 7:57 pm

Big Bazaar rakes in moolah

The Republic Day weekend has now become synonymous with sales across the country. And the one that started them allBig Bazaar\'s Sabse Sasta Din has broken all records this year. CNBCTV18’s Vivin Mathew reports that this year electronics and jeans were hot sellers.
Source: Moneycontrol Top Headlines | 29 Jan 2008 | 7:55 pm

Four Indians in Forbes Top 10 list

Steel tycoon Lakshmi Mittal alongwith Ambani BrothersMukesh and Anil, are among the ten wealthiest CEO’s in the world, according to Forbes. Four positions of the ten have been grabbed by Indians, reports CNBCTV18.
Source: Moneycontrol Top Headlines | 29 Jan 2008 | 7:22 pm

Activists to oppose ArcelorMittal Torpa plant

ArcelorMittal may have zeroed in on Torpa for its 12-million-tonne steel project in Jharkhand. But the Jharkhand Mines Area Coordination Committee (JMACC) has vowed that the steel giant will face a
Source: Business Standard | Front Page Headlines | 29 Jan 2008 | 6:50 pm

`BCCI Inc` among India`s top 200 firms

If it were a corporate entity, the Board of Control for Cricket in India (BCCI) would have been among the country's top 170 companies in terms of revenues (2007) ? much larger than Zee Entertainment
Source: Business Standard | Front Page Headlines | 29 Jan 2008 | 6:49 pm

Four Indians in Forbes ten wealthiest CEO list

Steel tycoon Lakshmi Mittal, the Ambani brothers, Mukesh and Anil, and Wipro chief Azim Premji are among the 10 wealthiest CEOs in the world, according to American magazine Forbes.??
Source: Business Standard | Front Page Headlines | 29 Jan 2008 | 6:48 pm

Nagpur slums to get a facelift

The scramble for land in Maharashtra is making many builders and the government walk the slum development path. First, it was Dharavi in Mumbai. CNBCTV18’s 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

De Bono School to expand operations across India

De Bono School of Lateral Thinking and Cognitive Intelligence is planning to expand its operations across India along with the NSHM Knowledge Campus (formerly National School of Hotel Management).
Source: IndiaeNews.com: Business News | 29 Jan 2008 | 3:00 pm

Indian BPO can grow to $50 bn by 2012: Nasscom study

The Indian BPO (business process outsourcing) industry should be booming in next four years, a study here has said and forecast that it would touch $50 billion by 2012 from the current $11 billion and create over two million direct jobs in the country.
Source: IndiaeNews.com: Business News | 29 Jan 2008 | 2:32 pm

Mining cutting sharply into Goa, says CSE

Goa contributes 15 percent of the iron ore produced in the entire country and is paying the price for it, an environmental watchdog has warned.
Source: IndiaeNews.com: Business News | 29 Jan 2008 | 2:31 pm

Bio-fuel panel meet deferred

The meeting of a group of ministers (GoM) on bio-fuels scheduled for Tuesday was deferred. A further date is yet to be announced.
Source: IndiaeNews.com: Business News | 29 Jan 2008 | 2:31 pm

24 bids received for Udaipur airport modernisation

The government has received 24 bids for the modernisation of Udaipur airport. The bidders include Reliance Energy, GMR, L and amp;T Infrastructure, Changi-Tata Power and others, a government release said Tuesday.
Source: IndiaeNews.com: Business News | 29 Jan 2008 | 2:30 pm
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