BANGALORE (Reuters) - Indian shares rose 4.82 percent on Thursday as they extended their recovery from a sharp sell-off as concerns about a global slowdown eased, with state-run oil retailers surging after the government increased fuel prices.
MUMBAI (Reuters) - Software services firm NIIT Technologies Ltd is looking at a subscription-based business model to boost revenue and improve margins, a senior official said on the sidelines of an industry conference.
MUMBAI (Reuters) - Refex Refrigerants Ltd said on Thursday its board will meet on Feb. 21 to consider raising 55 million rupees through a preferential allotment of shares to Television Eighteen India Ltd.
NEW DELHI (Reuters) - The government modestly raised retail prices of auto fuels on Thursday for the first time in 20 months, sending shares of state-run oil retailers surging but dashing hopes of an early cut in interest rates by the Reserve Bank of India (RBI).
MUMBAI (Reuters) - Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said.
India's cabinet Thursday gave its approval to a hike of Rs.2 per litre on petrol and Rs.1 per litre on diesel to ease the burden on oil firms, even as Left parties called for nationwide protests against the move. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 11:02 am
Leading air-conditioning and commercial refrigeration company Blue Star Ltd Thursday said it has completed the strategic acquisition of the businesses of the Bangalore-headquartered electrical contracting firm Naseer Electricals Ltd. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 11:01 am
Bangalore-based Quikjet Cargo will start hauling domestic air cargo from April this year, said a top official. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 10:31 am
NEW DELHI (Reuters) - India's failure to agree a biodiesel policy has forced firms to shelve expansions plans, putting it way behind energy-hungry rivals like China in the drive to greener fuels, a top industry representative said.
Chennai-based pharmaceutical major Orchid Chemicals and Pharmaceuticals Ltd (OCPL), Thursday announced that US Food and Drug Administration (USFDA) has approved sale of its non-antibiotic, anti-emetic granisetron hydrochloride tablets in that country. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 10:30 am
(Reuters) - India raised prices of petrol and diesel on Thursday to ease losses at state-run retailers squeezed by a surge in crude oil prices while having to sell fuels cheaply.
NEW DELHI (Reuters) - India is unlikely to cut taxes significantly in the budget for 2008/09 but may increase subsidies on food and oil and boost spending on infrastructure, a survey on chief executives said on Thursday.
NEW DELHI (Reuters) - India's inflation rate is still high by world standards and needs to be brought down further, the deputy governor of the central bank said on Thursday.
A subsidiary of engineering construction firm Punj Lloyd Ltd, Sembawang Engineers and Constructors Ltd (SE and amp;C), has bagged a contract to set up a resort in Singapore from Asia's leading resorts developer Las Vegas Sands Corp's affiliate Marina Bay Sands Ltd. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 9:00 am
MUMBAI (Reuters) - India's gold demand remained low on Thursday as prices firmed up slightly, but the appetite had revived a bit with people looking to buy at dips, dealers said.
The government decided to hike petrol and diesel prices by Rs 2 and Re 1 a litre respectively from Thursday tonight to curb losses of public sector oil companies. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 8:37 am
Engineering and construction major Punj Lloyd today said it has bagged Rs 1,119.2 crore construction order from Singapore-based Marina Bay Sands Pte Ltd. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 7:24 am
With the mobile phone revolution in the country, lovers are using the hi-tech mode to express their love and the telecom companies are reaping the profits. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 7:22 am
Sunil Mittal said his company will continue to be the number one player among Indian mobile service providers, despite Vodafone's entry into the country. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 6:21 am
Indian equity markets opened with a sizeable gain of over 300 points Thursday on the back of strong cues from Asian peers, with stocks of power, realty and metal companies leading the rally in initial trades. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 6:01 am
Government has assured the employees of BSNL that any disinvestment move would be implemented only after extensive consultations with the stakeholders. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 5:42 am
They used to entertain at Mumbai's dance bars. But after the government clamped down on these homegrown pubs on moral grounds three years ago, many bar girls have taken to playing business companions and wives for a fee. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 5:32 am
Yahoo! India, the Indian subsidiary of the global search engine and news portal Yahoo! Inc., has sacked 45 employees across various levels for their poor performance. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 5:32 am
With elections for the Delhi legislative assembly round the corner, budget allocations for urban development, health, education, tourism and senior citizens will get a boost in 2008-09. Source: IndiaeNews.com: Business News | 14 Feb 2008 | 5:31 am
Yahoo! India, the Indian subsidiary of the global search engine and news portal Yahoo! Inc., has sacked 45 employees across various levels for their poor performance. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 5:27 am
The Bombay Stock Exchange benchmark Sensex on Thursday surged by 637 points in early morning trade on sustained buying by funds in heavy-weight stocks. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 5:25 am
Bharti Enterprises is expected to announce its final plans, including that of opening of the first store, within the next two months. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 5:06 am
The stock is currently consolidating sideways and the outlook remains cautious. Avoid trading in the stock for the session.L&TThe stock is pausing at lower levels. We stay with our sell recommendation in ... Source: Business Line - Home Page | 14 Feb 2008 | 12:00 am
We recommend a buy in Thermax from a short-term perspective. It is clearly evident from the charts of Thermax that the stock has been enjoying a bull run from its July 2006 low of Rs 206. However, after touching life high of Rs 968 in November ... Source: Business Line - Home Page | 14 Feb 2008 | 12:00 am
Mumbai, Feb 13 Twentyfive Indian companies raised a total of $8.3 billion on the Nasdaq Portal Market in 2007, a senior Nasdaq official said today. They include Reliance Industries, Suzlon Energy, Axis Bank, DLF, Power Finance Corporation, ... Source: Business Line - Home Page | 14 Feb 2008 | 12:00 am
New Delhi, Feb. 13 With the country’s industrial production slowing down in December last year, the growth of the six key infrastructure sectors in December 2007 dipped to 4 per cent compared to nine per cent achieved a year ... Source: Business Line - Home Page | 14 Feb 2008 | 12:00 am
Do you feel your stock broker is a wizard? Don't bet on it, for intelligent and informed as he might appear, he may not quite be the financial expert you think he is. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 11:15 pm
Higher inflation numbers, record high crude oil prices, deteriorating external environment, etc are lost in the haze of the bull charge. Source: Daily News & Analysis: Money News | 13 Feb 2008 | 11:14 pm
Iran's proposal to transform the $7.4 billion Iran-Pakistan-India (IPI) gas pipeline project to an Iran-Pakistan-China (IPC) project is nothing more than an "empty threat", according to Indian Source: Business Standard | Front Page Headlines | 13 Feb 2008 | 6:46 pm
C B Bhave, chairman and managing director of National Securities Depository Ltd (NSDL), is believed to be leading the race for the sixth chairman of the Securities and Exchange Board of India (Sebi). Source: Business Standard | Front Page Headlines | 13 Feb 2008 | 6:45 pm
Indian gas marketer GAIL India and Russian firm ITERA Oil and Gas Company LLC have come together to explore opportunities in key areas of hydrocarbon business in Russia and the Commonwealth of Independent States, it was announced Wednesday. Source: IndiaeNews.com: Business News | 13 Feb 2008 | 5:30 pm
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
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
