Oil and Natural Gas Corporation of India, or ONGC, said the decision on a fuel price hike is unlikely before the Budget, reports CNBCTV18, quoting Newswire18. The company sees possibility of an oil duty rejig in the Budget. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 5:14 pm
Pipavav Shipyard has bagged an order worth USD 1.06 billion to build 26 Panamax bulk carriers, reports CNBCTV18. The orders are from Golden Ocean Group, Norway; SETAF, France; and AVGI Maritime, Greece. This is also India\'s largest shipbuilding order to date. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 5:11 pm
Its the Emaar effect, just days after the curtains fell on Emaar MGF\'s big bang IPO, two other Delhi based real estate players, the Uppal Group and Faridabads BPTP, have decided to slip into the wait and watch mode. CNBCTV18\'s Nayantara Rai and Shereen Bhan report that a squeeze on liquidity is adding to the woes of developers. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 4:56 pm
McNally Bharat has received an order worth Rs 70.6 crore from SAIL\'s Bokaro steel plant. Speaking to CNBCTV18, Shreenivas Singh, MD, McNally Bharat said Rs 70 crore is only part of the order and they had received a Rs 600 crore order from SAIL a few days back. Both the orders work out to Rs 2,000 crore. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 3:00 pm
Speaking to CNBCTV18, Rajiv Sinha, Director, Mundra Port and SEZ said FY08 revenues will be 1520% higher than FY07. Sinha added that EBITDA margins are at 62% versus 54% in FY07. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 12:46 pm
MUMBAI (Reuters) - India's onion output in the year to March 2008 is likely to rise by 11.9 percent to a record 7.45 million tonnes on increased acreage and that will keep the lid on prices till June this year, an senior official said on Tuesday.
BARCELONA (Reuters) - Mobile phone operator Vodafone said on Tuesday it wanted more spectrum in India and might have to buy it on the market if the government does not make more available.
NEW DELHI (Reuters) - Russian services conglomerate Sistema will borrow $10 billion in 2008 to invest in its businesses worldwide, its chairman said on Tuesday.
The Supreme Court hearing on cane pricing has been referred to the other bench. The hearing will begin on February 15, reports CNBCTV18. Supreme Court was to announce the decision on cane pricing for 200607 today. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 11:48 am
Wall Street finished higher in an uneasy session Monday as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles. Source: Zee News : Business | 12 Feb 2008 | 11:31 am
Indian shares slipped into the negative zone on Tuesday morning after having risen more than 2% early, but quickly bounced back in choppy trade. Source: Zee News : Business | 12 Feb 2008 | 11:31 am
When Meera Sanghavi was allotted 16 shares of Reliance Power in India`s biggest-ever initial public offer, it seemed a windfall for the middle-class housewife, who hoped to double her money in less than a month. Source: Zee News : Business | 12 Feb 2008 | 11:31 am
MUMBAI (Reuters) - Indian tyre makers want rubber import duty to be cut in the forthcoming budget to do away with an inverted duty structure under which rubber, a key raw material, attracts a higher duty than the finished product.
BANGALORE (Reuters) - Indian shares closed 0.14 percent down after a see-saw day on Tuesday, shedding early gains of more than 2 percent as jittery investors trimmed exposure in a market that has fallen 11 percent over five sessions.
A Kingfisher flight A320 with about 50 journalists and company officials became the first plane to land at the new international airport near here Tuesday. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 10:01 am
Indicative of India's growing military might, a record 273 defence manufacturers from 30 countries will be showcasing their varied portfolios at the DEFEXPO-2008 international exposition here Feb 16-19. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 10:01 am
India's leading software services company Tata Consultancy Services Ltd is planning to organise its global operations into integrated, customer centric units to enhance customer focus, drive operational agility and address new growth opportunities in the market. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 10:00 am
Union power secretary Anil Razdan has protested the diversion of a portion of liquid natural gas (LNG) allocated to Dabhol power plant in Maharashtra for other purposes. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 10:00 am
India is to fine tune its defence purchase procedures to bring them in line with international best practices and to enable the domestic industry effectively absorb the cutting edge technologies that will now become available to this country. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 10:00 am
MUMBAI (Reuters) - State-run explorer Oil India Ltd will go ahead with its initial public offer to raise up to $378 million after March despite the crash of three IPOs in a volatile Indian market, the firm's chairman said on Tuesday.
Industrial growth slipped to 7.6% in December from 13.4% in the corresponding month of 2006 on account of deceleration in manufacturing, mining and electricity, among other sectors. Source: Daily News & Analysis: Money News | 12 Feb 2008 | 9:33 am
Maharashtra-based airline solutions provider Kale Consultants Ltd has announced it would be now focusing also on logistics and travel segments of the airline industry. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 9:30 am
Britain-based defence and aerospace major BAE Systems will develop mine-protected vehicles in collaboration with Indian automobile major Mahindra and Mahindra (M and amp;M). Source: IndiaeNews.com: Business News | 12 Feb 2008 | 9:30 am
Strengthening of the rupee against the US dollar is slowly and steadily eating away Indian exporters' profitability as they are being priced out of major export markets, says a survey by a leading industry chamber. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 9:30 am
NEW DELHI (Reuters) - India's industrial output rose an annual 7.6 percent in December, outpacing the previous month due to a pick up in manufacturing, but analysts expect tight rate policy and a firm rupee to keep it below blistering levels seen earlier last year.
More than 21,000 airport employees across the country launched a day's 'relay fast' to protest against privatisation of airports. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 9:00 am
NEW DELHI (Reuters) - Finance Minister Palaniappan Chidambaram has asked state-run banks to ensure that productive sectors of the economy are not starved of credit.
The Indian Bank is currently implementing an elearning programme. Provision of more area and basic amenities for customers in each branch is the driveline currently, Mr Rajan said in an exclusive interview to Business Line, on his way back to Madurai from Kanadukathan in Sivagangai district. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 8:41 am
The Indian ITBPO industry will exhibit a 33.3 per cent growth in revenues to reach $64 billion by the end of fiscal 2008, as against $48 billion reported in fiscal 2007, according to IT BPO industry body, the National Association of Software and Services Companies (Nasscom), reports Business Line. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 8:39 am
A tieup between Kingfisher Airlines (KFA) and aviation schools in the US and Australia is imminent, and the company will induct students who have been trained at specified institutions as pilots to address the needs of a fleet that will be nearly 100aircraft strong by the yearend, reports Business Line. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 8:36 am
The Orissa Government has accorded provisional approval for allotment of 7,750 acres for global steel major Arcelor Mittal to build a 12million tonne plant, reports Business Line. Source: Moneycontrol Top Headlines | 12 Feb 2008 | 8:33 am
Amidst ongoing rate cuts, bankers on Tuesday said they expect a further fall in interest rates due to ample liquidity in the banking system. Source: Daily News & Analysis: Money News | 12 Feb 2008 | 8:06 am
The foundation stone for the country's first full-fledged marina to house around 50 yachts will be laid at Bolgatty Island here March 1 by Kerala Chief Minister V.S. Achuthanandan. It will be the world's only marina with a golf course. Source: IndiaeNews.com: Business News | 12 Feb 2008 | 8:00 am
NEW DELHI (Reuters) - India's gold imports in January slumped to just five tonnes from 62 tonnes in the same month a year ago as a surge in prices saps demand in the world's largest consumer, a top industry official said on Tuesday.
The markets were on a roller-coaster ride before the benchmark Sensex on the BSE ended the day almost flat with the investors preferring to book profits at the day's higher levels. Source: Daily News & Analysis: Money News | 12 Feb 2008 | 5:02 am
We recommend a sell in the Lanco Infratech stock from a short-term perspective. It is clearly evident from the charts of Lanco Infratech that the stock had been on long-term uptrend from its April 2007 low of Rs 137 to its all-time high of Rs 887 ... Source: Business Line - Home Page | 12 Feb 2008 | 12:00 am
London-based Stemcor plans to make half of its global investments in India over the next few years, but sees the country contributing 10% of its global revenues annually. Source: Daily News & Analysis: Money News | 11 Feb 2008 | 11:27 pm
Indian Oil Corporation said its petrol and diesel will be able to meet the next stage of environmental norms once it completes a Rs 9000 crore upgrades programme. Source: Daily News & Analysis: Money News | 11 Feb 2008 | 10:53 pm
The race for closed sugar mills in Bihar doesn't seem to have ended with chief minister Nitish Kumar stating on Monday that those mills which did not attract any bid would be retendered. Source: Daily News & Analysis: Money News | 11 Feb 2008 | 10:29 pm
The ongoing global financial crisis will not be restricted to developed economies, and developing countries too will not be spared. Source: Daily News & Analysis: Money News | 11 Feb 2008 | 10:28 pm
Bangalore-based biotechnology company Biocon has acquired Axicorp, a drug marketing and distribution firm in Germany, for 20 million ($43.7 million). Source: Daily News & Analysis: Money News | 11 Feb 2008 | 10:27 pm
Global supply chain services company Arshiya International would develop 3 warehousing hubs in central, south and east India and 35 sub-hubs in the country. Source: Daily News & Analysis: Money News | 11 Feb 2008 | 10:26 pm
Specialty oils and transmission conductor company Apar Industries acquired a majority stake in cable manufacturing company Uniflex Cables in its bid to provide end-to-end power solutions. Source: Daily News & Analysis: Money News | 11 Feb 2008 | 10:22 pm
Disappointed by the poor listing of shares of India's biggest initial public offer Anil Ambani-promoted Reliance Power, the markets went into a tailspin, falling the most in three weeks. ?? Source: Business Standard | Front Page Headlines | 11 Feb 2008 | 6:43 pm
In a historic moment for Hyderabad, the Rajiv Gandhi International Airport at Shamshabad will receive its first commercial test flights ahead of the start of commercial operations from March 16. ?? Source: Business Standard | Front Page Headlines | 11 Feb 2008 | 6:43 pm
Two of the country's largest banks, State Bank of India (SBI) and Canara Bank, today cut their benchmark prime lending rate (PLR) by 25 basis points to stoke demand for credit, which has slowed more Source: Business Standard | Front Page Headlines | 11 Feb 2008 | 6:42 pm
