Multinational mining majors like De Beers, Anglo American and Indo Gold will take up gold and diamond mining in India, Union Minister of State for Mining T Subbarami Reddy said. Source: Daily News & Analysis: Money News | 9 Feb 2008 | 1:59 pm
Liquefied petroleum gas (LPG) distributors in northern India Saturday threatened a shutdown if the nationalised oil companies do not take corrective measure to reduce the severe shortfall in LPG supplies. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 1:32 pm
TOKYO (Reuters) - The Group of Seven rich nations on Saturday approved the sale of gold by the International Monetary Fund from April as part of a broad reform of its budget, Italian Economy Minister Tommaso Padoa-Schioppa said.
TOKYO (Reuters) - The crumbling U.S. housing market has wounded the world economy, and conditions may worsen as debt-laden banks clamp down on credit, finance leaders from the world's top industrialised nations said on Saturday.
Speaking on Bajaj\'s small car, Rahul Bajaj, Chairman and MD, Bajaj Auto Ltd, said that it will be more fuel efficient than the Tata Nano, reports CNBCTV18. He said that they will either partner with Renault Nissan or go solo; they will finalise a name in the next 23 months. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 12:40 pm
Network 18\'s enterprise technology portal, BizTech2, an IPTV service, has added yet another feather to its existing dot com business, CNBCTV18 reports. Interviews with India\'s leading CIOs, news from the world of enterprise technology, book reviews and IT case studies, one can find videos of all these on demand. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 12:10 pm
BANGALORE (Reuters) - India will not need to import wheat in the next three months as the new crop harvest nears, but New Delhi will keep its options open, a senior government official said on Saturday.
Finance leaders from the world`s richest nations pledged on Saturday to work together to stabilise world financial markets shaken by the US housing debacle that is puncturing global economic growth. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
Yahoo`s board members are formally discussing Microsoft Corp`s USD 42 billion unsolicited offer for the company and have scheduled an in-person meeting for next week, the All Things Digital blog reported on Friday. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
US stock markets tumbled heavily in the week to Friday, giving Wall Street a fresh battering, despite Congress granting a green light to a giant economic stimulus package sought by the White House. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
A Paris court sent French trader Jerome Kerviel behind bars Friday, while the investigation into billions of euros (dollars) of losses he allegedly caused for bank Societe Generale took a new twist with a second employee taken into custody. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
Dell Inc. has stopped selling many computers with processors from Advanced Micro Devices Inc. on its Web site, although it will continue selling some through retailers. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
Oil vaulted 4 percent on Friday -- its biggest gain in nearly two months -- amid supply snags in Nigeria and the North Sea and a looming cold spell in the huge US Northeast heating oil market. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
US automaker Chrysler LLC plans to shrink its dealer network and cut some vehicles that compete with its each other for customers to become a smaller, profitable company, an executive said on Friday. Source: Zee News : Business | 9 Feb 2008 | 12:02 pm
TOKYO (Reuters) - U.S. Treasury Secretary Henry Paulson said on Saturday the global economy faces a prolonged period of financial market disruption but expressed confidence the United States would not be dragged into recession.
The south owes much of its success and recognition to the IT sector. But the IT sector seems to be gently losing this sacred spot to the infrastructure space. CNBCTV18 finds out that engineers who had opted for a highpaying job in IT are now heading back to the infra fold. Infra salaries in fact, dwarf IT pay packages. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 11:31 am
Bangalore\'s new airport is getting its finishing touches, but there are still no roads to get to it. Bangaloreans are up in arms they want the shutdown date of the old airport to be extended, reports CNBCTV18. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 10:51 am
Hyderabad's new international airport is all set to receive its first commercial flights as part of test operations Tuesday. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 10:30 am
The global business community must have a long term market-based policy framework from governments to address climate change, a senior official of Deutsche Bank said here Saturday. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 9:32 am
Jharkhand has decided to revert to a six-day working week for all government offices due to declining work efficiency among employees, officials said Saturday. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 9:30 am
MUMBAI (Reuters) - U.S. investment bank Morgan Stanley denied a newspaper report on Saturday which said it was putting its Indian business process outsourcing (BPO) operation, Morgan Stanley Advantage Services Pvt Ltd (MSAS), up for sale.
UTV is confident of finding an audience for Bosnian, Japanese and Argentinean movies amongst others to be telecast on its new World Movie channel, and is betting on winning over at least 30% of the audiences of English movie channels in a years time, reports Business Line. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 8:57 am
Staterun telephony services provider Mahanagar Telephone Nigam Ltd on Friday said it will float a tender for 10 lakh new broadband connections over the next few moths, reports Business Line. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 8:55 am
MUMBAI (Reuters) - Indiabulls Financial Services Ltd's founding shareholders have bought 2.7 million shares of the company in the open market, a company statement said late on Friday.
Tyre maker Ceat now wants to rope in international players for its two greenfield projects as equity partners, reports Business Line. Source: Moneycontrol Top Headlines | 9 Feb 2008 | 8:48 am
Works of masters like Raza, Souza and Husain are set to go under the hammer at what is said to be India's first ever online auction, which is expected to rake in nearly Rs.225 million (over $5 million). Source: IndiaeNews.com: Business News | 9 Feb 2008 | 7:30 am
The Indian equities market continued its volatile trend as the effect of global bearish market was clearly felt by the bourses this week. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 7:30 am
Pakistani publishers and exhibitors at the World Book Fair here are a happy lot as business this time has soared in comparison to earlier years. Works on literature and the Urdu language are doing especially well. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 6:00 am
BANGALORE (Reuters) - India is likely to import wheat for the third straight year in 2008, despite government estimates of a good crop, and volumes could be slightly higher than last year, a senior U.S. industry official said on Saturday.
Investor sentiment for initial public offerings (IPOs) in India is turning tepid following the mega issue of Reliance Power. Adding to this are uncertainties plaguing the secondary markets, which compel some companies to withdraw their IPOs due to poor investor response. Source: IndiaeNews.com: Business News | 9 Feb 2008 | 5:02 am
After the withdrawal of two initial public offerings (IPO) in two days, the market for new issues finds itself on a shaky wicket. Source: Daily News & Analysis: Money News | 9 Feb 2008 | 4:19 am
BOSTON/SAN FRANCISCO (Reuters) - With fears of a U.S. recession bearing down on technology companies, the sector's safest bets appear to be in business software, while makers of computers and consumer gadgets look vulnerable.
Mumbai, Feb. 8 Investor anxiety is mounting as the Monday listing of Reliance Power nears. The company’s mega IPO concluded last month, raising Rs 11,500 crore.Analysts and investors are wondering whether Reliance Power ... Source: Business Line - Home Page | 9 Feb 2008 | 12:00 am
As telecom 2.0 unfolds in India with allocation of 3G spectrum to telecom companies, smaller technology support and services companies, are getting a call to the party. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:29 pm
Bangalore-based Strides Arcolab has raised its stake in Australian company Genepharm Australasia to 55% to boost its presence in the Asian and Australian markets. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:28 pm
Dr Reddy's Laboratories has announced it will undertake a feasibility study on a product, utilising two of UK-based SkyePharma's proprietary drug delivery systems. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:28 pm
Before the budget day in 2007, the banking sector was reeling under an onslaught of interest rate hikes by the Reserve Bank of India. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:24 pm
Insurance is one of the most prominent sectors in the financial space, with 36 life and general insurance companies. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:23 pm
Since April 20, 2006, when the Sensex touched 12,000 for the first time, 155 companies have raised a total of Rs63,300 crore through IPOs. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:18 pm
In the past, we have seen MFs provide add-on benefits like accident insurance, critical illness insurance and even life insurance. Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:17 pm
The world's second-largest cable TV market is set for a hearty engagement with internet protocol television (IPTV). Source: Daily News & Analysis: Money News | 8 Feb 2008 | 10:14 pm
The Reserve Bank of India (RBI) is not in favour of the government subscribing to State Bank of India's rights issue through bonds on grounds that it does not conform to good corporate governance. ?? Source: Business Standard | Front Page Headlines | 8 Feb 2008 | 6:43 pm
Both Mukesh Ambani-promoted Reliance Industries Limited (RIL) and the Anil Dhirubhai Ambani Group (ADAG) are said to be eyeing the title sponsorship for the Indian Premier League (IPL) Twenty20 Source: Business Standard | Front Page Headlines | 8 Feb 2008 | 6:42 pm
Cashing in on a sharp increase in global aircraft prices, Indian domestic carriers hope to earn around $100 million (Rs 400 crore) in 2008 by either hawking their delivery slots with aircraft Source: Business Standard | Front Page Headlines | 8 Feb 2008 | 6:42 pm
MUMBAI (Reuters) - Emaar MGF Land withdrew its initial public offering on Friday, becoming the second Indian company in 24 hours to abandon an IPO and adding more gloom to a market that has fallen 17 percent in a month.
California-based IT major Digital Liberty Group (DLG), Friday announced it taking over 55 percent stakes in the Kochi-based Comprehensive Software Solutions and Services (CS3). Source: IndiaeNews.com: Business News | 8 Feb 2008 | 5:30 pm
The Tamil Nadu cabinet has cleared five major commercial proposals, entailing a total investment of Rs.160 billion ($4 billion), during a meeting chaired by Chief Minister M. Karunanidhi in the evening, a government communique said Friday. Source: IndiaeNews.com: Business News | 8 Feb 2008 | 4:30 pm
Strides Arcolabs has acquired 17.7% stake in Genepharm. Strides will vend its Australian and Asian businesses in lieu of the stake. It also has the option to raise its stake to 55% on successful completion. Speaking to CNBCTV18, Arun Kumar, VC, Strides Arcolabs said they need shareholder approval before they get the majority stake. Source: Moneycontrol Top Headlines | 8 Feb 2008 | 3:35 pm
There is a lack of consensus between the Department of Revenue and Commerce Ministry on the issue of fiscal concessions to social infrastructure in SEZs, reports CNBCTV18, quoting sources. The Commerce Ministry will put forward the new proposals on social infrastructure to the Group of Ministers (GoM) on SEZs in their next meeting, sources added. Source: Moneycontrol Top Headlines | 8 Feb 2008 | 3:22 pm
