KOLKATA (Reuters) - Tea maker Assam Co Ltd. plans to invest 4.3 billion rupees over three years in oil and gas and tea sectors, a senior official said on Wednesday.
BANGALORE (Reuters) - Indian shares bounced 2.05 percent on Wednesday, led by Reliance Industries as the market steadied after losing 11 percent in five days, but sentiment was cautious and rallies were not expected to be strong.
MUMBAI (Reuters) - Improved cash availability in the banking system has encouraged a few Indian firms to sell bonds, but merchant bankers say an uncertain rate view has led most borrowers to put off fund-raising.
NEW DELHI (Reuters) - The world economy has entered a difficult phase as the financial crisis spreads to the real economy, the head of the IMF said on Wednesday, and India, China and other emerging economies will feel the effects "sooner rather than later".
MUMBAI (Reuters) - Indian drug maker Ranbaxy Laboratories Ltd said on Wednesday its board would meet on Feb. 19 to consider spinning off its new drug discovery research unit into a separate company.
NEW DELHI (Reuters) - Indian firms are keen to buy stakes in energy assets in eastern Siberia, while Rosneft may invest in a proposed gas plant in southern India, an official from Russia's energy ministry said.
Indian shares opened 1.26% higher on Wednesday, boosted by firm Asian markets and led by gains in ICICI Bank Ltd and top listed firm Reliance Industries Ltd. Source: Zee News : Business | 13 Feb 2008 | 10:48 am
Yahoo Inc announced a new mobile phone service that integrates e-mail, instant messaging and social networks. Source: Zee News : Business | 13 Feb 2008 | 10:48 am
NEC Electronics, the $5.9-billion Japanese semiconductor conglomerate, has commenced India operations to provide advance design support to its global customers and market its range of products in the Indian subcontinent. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 10:02 am
Commercial premises in the capital's unauthorised colonies that had been sealed may be reopened, the Supreme Court allowed Wednesday, on condition that the owners abide by its final order on the legality of the government's notification on the issue. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 10:02 am
Israel's national water management company Mekorot will explore potential projects in water supply systems and reclamation projects in India in collaboration with water infrastructure and agrarian instrumentation developer Jain Irrigation Systems Ltd (JISL). Source: IndiaeNews.com: Business News | 13 Feb 2008 | 10:01 am
The World Bank, Asian Development Bank (ADB), Britain's Department for International Development (DFID) and Japan Bank for International Cooperation (JBIC) are keen to assist in the development of Bihar, one of India's poorest states. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 10:01 am
India's leading telecom operator Bharti Airtel Ltd Wednesday said it now has more than 60 million mobile, fixed-line and broadband subscribers. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 10:00 am
MUMBAI (Reuters) - Reliance Industries Ltd, India's largest listed firm, said on Wednesday it had discovered gas in an exploration block in the Krishna Godavari (KG) basin off India's east coast, sending its shares higher.
LONDON (Reuters) - Oil held below $93 a barrel on Wednesday, as concerns over Venezuela's move to halt shipments to U.S. major Exxon Mobil were offset by an expected build in crude inventories in the world's largest consumer.
Domestic call centres' revenue is likely to grow by 65 per cent in the current fiscal to touch Rs 8,500 crore, a study says. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 9:30 am
MUMBAI (Reuters) - The Indian rupee fell to a 2-½ month low on Wednesday as concerns persisted about capital outflows from local stocks, a key driver for the local unit in recent months.
The price of rice, staple diet of people in Kerala, has seen a steep rise in recent times, climbing around 40 percent in the last one year. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 9:01 am
In what is being described as the first incident of its kind in Himachal Pradesh, Rs.400,000 ($10,000) has been stolen from an automatic teller machine (ATM) here, the police said Wednesday. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 9:01 am
The Tata Group Wednesday brought all its telephony services and brands into one holding company, Tata Communications Ltd (TCL). Source: IndiaeNews.com: Business News | 13 Feb 2008 | 9:00 am
The Rs.3.5 billion Fenner India Ltd is joining hands with an European company to make engine mounts and vibration dampers in India, which is expected to fuel the company's growth. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 9:00 am
MUMBAI (Reuters) - India's gold market continued to see modest sales on Wednesday after price falls revived some demand the previous day, but dealers said, most buyers were waiting for bigger falls.
Mukesh Ambani-led Reliance Industries Ltd (RIL) has made its first gas discovery in a deep sea exploratory block off the Krishna River basin on the east coast, the company said Wednesday. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 8:31 am
Reliance Industries Ltd on Wednesday said it has discovered natural gas reserves in an exploration block in the Krishna Godavari basin off the country's east coast. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 7:59 am
Bharti Airtel is amongst the fastest growing telecom companies in the world. It had crossed the 50 million customer mark in October last year. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 7:50 am
Tata Communication Ltd on Wednesday announced an investment proposal of over two billion dollars in the next three years to fund its global expansion plans. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 7:49 am
Indian origin Cisco official Padmasree Warrior has been named one of the top 15 most influential women driving innovation (and revenue) in corporate America. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 7:03 am
Jet Airways passengers travelling between India and the UK will now get to hear some mellifluous strains--music composed by A R Rehman for the London musical 'The Lord of the Rings'. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 6:55 am
Sensex gained 483 points in late morning trade on Wednesday after billionaire investor Warren Buffett's offer had soothing impact on world markets. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 5:06 am
Domestic airlines are preparing for an increase in air-fares, saying they may be forced to do so in anticipation of a steep 40 per cent rise in airport charges proposed by the authorities in Bangalore Source: Business Standard | Front Page Headlines | 13 Feb 2008 | 12:24 am
The economic boom has spawned hundreds of entrepreneurs, many of them first-generation businessmen. Not only have they scaled up their businesses in a relatively short time, they have done so in the Source: Business Standard | Front Page Headlines | 13 Feb 2008 | 12:23 am
The India-US sector has been the largest revenue generator for the national carrier, contributing around 26% of its revenues for 2006-07, way ahead of the Gulf. Source: Daily News & Analysis: Money News | 12 Feb 2008 | 10:38 pm
With difference cropping up between general insurance players, the future of the Indian Motor Pool seems to be uncertain. Source: Daily News & Analysis: Money News | 12 Feb 2008 | 10:34 pm
