Dollar's mixed in wake of Fed rate cut - MarketWatch


Turkish Press

Dollar's mixed in wake of Fed rate cut
MarketWatch - 36 minutes ago
By William L. Watts, MarketWatch LONDON (MarketWatch) -- The dollar traded mixed in European action Thursday, losing ground against the euro and the British pound but gaining against the Japanese yen in the aftermath of the Federal Reserve's latest ...
Euro inflation hits new high Hindu
Eurozone unemployment rate remains at record low 7.2 percent AFP
Houston Chronicle - Guardian Unlimited - RTT News - CNBC
all 22 news articles

Source: Google News India - Business | 31 Jan 2008 | 11:25 am

Changes in economy depending upon global exigencies: FM

Finance Minister P Chidambaram on Thursday said the government will make rapid adjustments in economic policy depending upon the exigencies of the global situation.
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 11:20 am

Sensex falls 110 points; realty, banking indices lose most - Hindustan Times


Gulf Times

Sensex falls 110 points; realty, banking indices lose most
Hindustan Times - 1 hour ago
PTI The Bombay Stock Exchange benchmark, Sensex, on Thursday fell by 110 points as market participants sold shares of companies mainly in real estate, banking, power and capital goods sectors.
Sensex dips despite Fed's rate cut Hindu
Indices lose further ground; Sensex down 255 pts Economic Times
Bloomberg - Financial Express - Business Standard - NDTV.com
all 78 news articles

Source: Google News India - Business | 31 Jan 2008 | 11:00 am

SEBI abolishes initial issue fee for closed-end MF schemes - Hindu Business Line


Hindu

SEBI abolishes initial issue fee for closed-end MF schemes
Hindu Business Line - 1 hour ago
MUMBAI: In order to make mutual funds (MFs) cheaper and woo more investors, the market regulator SEBI on Thursday scrapped the initial issue fee on closed-end mutual fund schemes.
SEBI eases norms for listing of debt securities Reuters India
Close ended MF schemes: SEBI prunes issue expenses Hindu
Business Standard - Times of India - Daily News & Analysis - India Infoline.com
all 52 news articles

Source: Google News India - Business | 31 Jan 2008 | 10:53 am

Modest fuel price hike in the offing - Hindustan Times


India Infoline.com

Modest fuel price hike in the offing
Hindustan Times - 1 hour ago
A Group of Ministers concludes deliberations to tackle spurt in int'l crude prices and said the issue of price rise will be decided by the Cabinet.
Cabinet to decide on fuel price hike: Deora Business Standard
Govt may review fuel price hike next week India Infoline.com
Economic Times - Bloomberg - Reuters UK - India Daily
all 26 news articles

Source: Google News India - Business | 31 Jan 2008 | 10:52 am

Minister asks MRF to lift lockout - Hindu


Chennai Online

Minister asks MRF to lift lockout
Hindu - 1 hour ago
CHENNAI: Electricity Minister Arcot N. Veeraswami has asked the MRF management to lift the lockout in its tyre manufacturing unit at Tiruvottiyur at the earliest.
TN govt threatens to take over MRF unit Business Standard
TN threatens to take over MRF unit The Statesman
NDTV.com - Chennai Online - India PRwire (Press Release) - Rediff
all 20 news articles

Source: Google News India - Business | 31 Jan 2008 | 10:36 am

137 foreign companies to take part in leather fair - Hindu


137 foreign companies to take part in leather fair
Hindu - 1 hour ago
CHENNAI: A total of 137 overseas companies and 237 Indian companies will take part in the 23rd India International Leather Fair 2008, which is aimed at increasing India’s trade in leather and leather products with the European Union and the United ...
23rd IILF to commence on Jan 31 Chennai Online
International Leather Fair Opens Jan 31 In Chennai NEWSPost India
domain-B - Chennai Online
all 7 news articles

Source: Google News India - Business | 31 Jan 2008 | 10:36 am

Reliance Communications' net profit soars 48.5 percent

The Anil Dhirubhai Ambani Group's Reliance Communications, India's second-largest mobile telecom company, Thursday reported a 48.5-percent jump in its net profits for the quarter ended Dec 31.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:31 am

Posco gives scholarships to 28 students in Orissa

Posco-India, a subsidiary of South Korean steel major Posco, Thursday gave scholarships to 28 students in Orissa, a company statement said.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:31 am

Tata Chemicals buys US firm for a billion dollars

Tata Chemicals Ltd, part of Indian business conglomerate Tata group, said Tuesday it would buy US-based soda ash maker General Chemical Industrial Products Inc for $1.005 billion.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:31 am

India's economic growth will top 9 percent: Chidambaram

Riding on an investment boom and swift policy action, the Indian economy will grow at 9 percent during the current fiscal despite the global financial turbulence, Finance Minister P. Chidambaram said here Friday.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:30 am

Prime minister announces major projects in Arunachal

Prime Minister Manmohan Singh Thursday announced a Rs.11 billion development package for Arunachal Pradesh, including Rs.5.5 billion for taking electricity to villages along the Indo-China border.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:30 am

Tata Chemicals acquires US-based GCIP for USD 1 billion - Moneycontrol.com


India Infoline.com

Tata Chemicals acquires US-based GCIP for USD 1 billion
Moneycontrol.com - 1 hour ago
Tata Chemicals has acquires US-based General Chem Industrial Products Inc for USD 1 billion, reports CNBC-TV18. Tata Chemicals has a soda ash capacity of 8,75000 tonnes per year.
Tata Chem buys US soda ash maker @$1 bn Financial Express
Tata Chemicals to buy US-based co for USD 1 bn Times of India
NEWSPost India - Economic Times - Business Standard - Forbes
all 27 news articles

Source: Google News India - Business | 31 Jan 2008 | 10:14 am

Cybernet-SlashSupport sets up Polish facility

Cybernet-SlashSupport Corp (CSS), an India-based IT firm, has set up technical support facility at Wroclaw in Poland at a cost of 1 million euro ($1.4 million), the company said Thursday.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:02 am

Bihar's mega hydropower project given environmental clearance

Power starved Bihar's 126 MW capacity Dagmara hydropower project in Supaul district has got environmental clearance from the central government, official sources said Thursday.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:01 am

Rajasthan to partner private groups to open primary schools

To improve literacy in the state, the Rajasthan government now plans to open 100 primary schools in remote desert areas in partnership with private organisations. On its part, it will provide land free of cost and invest Rs.4 million to construct the school buildings.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 10:00 am

India says to react rapidly to any global turmoil - Reuters India


CNN-IBN

India says to react rapidly to any global turmoil
Reuters India - 2 hours ago
By Surojit Gupta and Rajkumar Ray NEW DELHI (Reuters) - India will rapidly adjust policy to adapt to changes in the global economy and maintain high growth, Finance Minister Palaniappan Chidambaram said on Thursday, as expansion for 2006/07 was ...
GDP growth to be 9% in FY08: FM Business Standard
India's economic growth will top 9 percent: Chidambaram India PRwire (Press Release)
Frontline - Financial Express
all 20 news articles

Source: Google News India - Business | 31 Jan 2008 | 9:19 am

Global Automobiles launches 150cc scooter

Global Automobiles, a part of the Kolkata-based Xenitis group, launched a 150 cc scooter called UFO0150 priced at Rs 34,990.
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 8:56 am

If you want high quality talent, you have to pay: Infy - Economic Times


If you want high quality talent, you have to pay: Infy
Economic Times - 3 hours ago
All eyes fell on top software outsourcing companies after the sector's leader, Tata Consultancy Services, cut variable pay for all its employees, citing a shortfall in its performance vis-a-vis internal targets.
TCS cuts salaries Times of India
TCS salary cut: Tell us! Rediff
Hindu Business Line - Sify - Times Online - Business Standard
all 19 news articles

Source: Google News India - Business | 31 Jan 2008 | 8:43 am

Tata Chemicals to acquire US-based GCIP for $1,005 million

Tata Chemicals Ltd said it has entered into definitive agreements to acquire a US-based chemical company, General Chemical Industrial Products Inc, for $1,005 million.
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 8:40 am

India can 'share' reactor technology: Kakodkar

India has mastered the 'design, fabrication, and erection of a range of commercially viable nuclear reactors' and can share this expertise with developing countries, Atomic Energy Chairperson Anil Kakodkar has said.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 8:00 am

States can allocate hydropower projects without bidding till 2010

States can nominate private players to build hydroelectric projects till the end of 2010, without following a tariff-based competitive process, said a power ministry official.
Source: IndiaeNews.com: Business News | 31 Jan 2008 | 8:00 am

Sensex opens high at 17,810 pts; up by 52 pts

The 30 sensitive scrips of BSE Sensex resumed firm at 17,810.13 points in the morning session with a modest gain of around 52 points.
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 7:35 am

GoM defer decision on fuel price hike

The Group of Ministers deferred the decision on the hike in retail prices of fuel to the Cabinet's next meeting.
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 7:08 am

Volvo to hike component sourcing from India - Sify


AFP

Volvo to hike component sourcing from India
Sify - 5 hours ago
Bangalore: Counting on demand for superior intra- and inter-city transportation, Volvo Bus Body Technologies (VBT), the 70:30 bus body building joint venture between Sweden’s Volvo Bus Corp and New Delhi-based Jaico Automobiles, hopes to more than ...
Volvo bus unit on stream Hindu
Volvo plans big for Bangalore unit The Statesman
Financial Express - AFP - Forbes - Newsdesk (pressmeddelande)
all 23 news articles

Source: Google News India - Business | 31 Jan 2008 | 6:41 am

Tips for the first-time online trader-1

So you have tasted blood in the stock markets and want a fuller engagement for bigger spoils? You could consider getting into online trading.
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 12:28 am

Registers ringing

Telecom major Bharti Airtel posted an increase of 42% YoY in its revenues to Rs6,964 crore in the December quarter (Q3).
Source: Daily News & Analysis: Money News | 31 Jan 2008 | 12:25 am

One-time gain of Rs 157 cr boosts Mahindra net 67%

Company’s margins under pressure on higher expenses
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Mercury may test freezing point in Delhi

Cold northwesterlies are driving down mercury fast in the National Capital Region just ahead of the arrival of a relieving western disturbance triggering fears that New Delhi might be bracing to hit zero degree Celsius by Friday night for the ...
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Nothing learnt from past market crashes?


Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Govt allows FDI in commodity exchanges

Increases FDI limit for PSU refining ventures
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

India exploring wheat import options

Mumbai, Jan. 30 The global commodity markets are currently in a state of uncertainty. Prices remain volatile and outlook has turned increasingly uncertain in the backdrop of broader market concerns, especially in financial and energy markets. ...
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Real estate czars in a rush for development of Railway land

20 real estate cos including DLF, Emaar MGF and Unitech bid for 10 locations
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Auto stocks turn weak on ‘downgrade’ fears

Auto stocks have been at the receiving end for quite some. While the interest rate situation seem to have affected the sentiment for the auto companies, which are facing a slow-down, analysts tracking the auto sector say the going could be tough ...
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Foreign airline FDI still off domestic civil aviation turf

Up to 74% stake in cargo airlines allowed
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Mobile segment drives strong revenue growth for Bharti Airtel

Bharti Airtel has delivered a good set of numbers this quarter. The revenues grew 10 per cent sequentially to Rs 6,963.9 crore driven by strong mobile subscriber additions – 6.3 million – this December quarter. The net profit grew ...
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Bajaj Auto Q3 net slips 5%

Pune, Jan. 30 Bajaj Auto Ltd Q3 net profit has dropped 5 per cent to Rs 327 crore on a total turnover of Rs 2,680 crore (Rs 2,729 crore). Revenue from its auto business showed a marginal decline at Rs 2,501 crore (Rs 2,568 ...
Source: Business Line - Home Page | 31 Jan 2008 | 12:00 am

Most of rollovers short

Sentiment continued to be weak ahead of the US Federal Reserve meet, as bears took control of rollovers in the F&O segment.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 11:29 pm

IDG Ven bets $30 m on data security firms

Bangalore-based IDG Ventures India setting aside a fifth of its $150 million corpus for investing in organisations providing information security services.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 11:26 pm

Rel Power refunds from February 1

Four lakh investors, who applied for less than 225 shares of Reliance Power will get zilch. They will get full refund of their monies.
Source: Daily News & Analysis: Money News | 30 Jan 2008 | 11:12 pm

Sebi reduces costs for mutual fund investors

Eases disclosure norms for debt market securities.??
Source: Business Standard | Front Page Headlines | 30 Jan 2008 | 6:59 pm

TN govt threatens to take over MRF plant

Just four weeks after it threatened to take over cement companies if they did not reduce prices, the Tamil Nadu government warned the MRF management that it would do the same with MRF's tyre
Source: Business Standard | Front Page Headlines | 30 Jan 2008 | 6:59 pm

Cabinet finally okays big-bang FDI review

Approval comes after six postponements; no word on retail.??
Source: Business Standard | Front Page Headlines | 30 Jan 2008 | 6:58 pm
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