NRDL has 13 products in its research pipeline, a CNBCTV18 analyst said. Off this, three are in phase II clinical trials. Its most important oncology drug is in Phase II clinical trials. They have also signed a second drug development deal with Eli Lilly for which they will be liable to get about USD 110 million in milestone payments. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 3:34 pm
Tata Capital and Mizuho Securities Co., Ltd. (MHSC) have announced that they have reached a preliminary nonexclusive understanding to promote an alliance in private equity, investment banking including cross border mergers and acquisitions, securities business and other business areas such as wealth management. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 12:49 pm
State-owned Mahanagar Telephone Nigam Ltd (MTNL launched its mobile TV service on experimental basis on Friday. Source: Daily News & Analysis: Money News | 15 Feb 2008 | 12:19 pm
MUMBAI (Reuters) - India's foreign exchange reserves fell to $290.808 billion on Feb. 8, from $292.672 billion a week earlier, the central bank said in its weekly statistical supplement on Friday.
BRUSSELS (Reuters) - New negotiating texts aiming to push forward global trade talks lack balance and could have offered more negotiating progress in services, an official at the European Union's executive branch said on Friday.
The Bombay Stock Exchange benchmark Sensex on Friday fell 322 points in early trade on selling at the current higher levels. Source: Zee News : Business | 15 Feb 2008 | 11:25 am
Airtel has bagged award at the
Mobile World Congress Conference in Barcelona in the category of "Best billing/customer care solution, a company release said here on Thursday. Source: Zee News : Business | 15 Feb 2008 | 11:25 am
Canadian Minister of National Defence and Minister of the Atlantic Canada Opportunities Agency (ACOA) Peter MacKay will lead an Atlantic Gateway - focused business mission to India from February 18 to 22. Source: Zee News : Business | 15 Feb 2008 | 11:25 am
For the young at heart it may be just moments of love, romance or even sneaking chance to drop a romantic hint, but for flower sellers in the capital, the Valentine's Day meant big bucks pouring in. They grossed over Rs.262 million ($6.6 million) in a single day. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 11:01 am
MUMBAI (Reuters) - The country's first power bourse, Indian Energy Exchange (IEX), started mock trading for its members from Friday, days before its official launch, a senior IEX official told Reuters.
IT giant Wipro Ltd has signed an outsourcing contract with India's leading retailer Pantaloon Retail Ltd, which wants to increase its outlets from the existing 1,000 to 2,500 in the next five years. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 11:01 am
LONDON (Reuters) - Oil rose above $96 a barrel on Friday, surging to a one-month high as investors fixated on the possibility -- however slim -- of OPEC member Venezuela halting supplies to top consumer the United States.
BANGALORE (Reuters) - Indian shares provisionally closed 1.88 percent higher on Friday, extending their gains to a third session in a row, with Reliance Industries and ICICI Bank leading the rise.
MUMBAI (Reuters) - The National Commodity and Derivatives Exchange (NCDEX) has signed an agreement with Chennai-based Institute for Financial Management and Research (IFMR) to set up a commodity research centre, it said on Friday.
Indian pharmaceutical major Zydus Cadila Friday announced the launch of a new generation drug called Nudoxa for treating various cancers that the company says is a breakthrough in chemotherapy because of its stability and reduced toxicity. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 10:00 am
Eyeing purchases of Rs.155 billion by the Indian armed forces over the next five years, a record 475 defence manufacturers - 273 of them from abroad - will showcase their varied portfolios at the DEFEXPO-2008 international exposition here Feb 16-19. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 10:00 am
Tata Capital and Japanese brokerage giant Mizuho Securities Co (MHSC) will work together in private equity and investment banking including cross-border mergers, acquisitions and securities business, a Tata company statement said here Friday. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 10:00 am
NEW DELHI (Reuters) - Royal Dutch Shell plans to raise the capacity of its liquefied natural gas terminal in India to 3.5 million tonnes a year, from 2.5 million tonnes, in next few months, Vikram Mehta, head of its Indian unit, said on Friday.
The rise in India's wholesale price index slowed slightly at 4.07 percent for the week ended Feb 2 against 4.11 percent in the preceding week, data released Friday showed. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 9:30 am
Nicholas Piramal India Ltd's (NPIL) recently de-merged independent wing NPIL Research and Development (NRDL) has signed a second agreement with the Indianapolis-headquartered pharmaceutical company, Eli Lilly and Co, for developing a new drug. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 9:30 am
SINGAPORE (Reuters) - Platinum hovered near an historic high above $2,000 an ounce on Friday, rebounding from session lows as speculative buying resumed, while gold rose on expectations of more U.S. interest rate cuts.
Indiabulls Power sold 28.6% stake to LN Mittal, Farallon for Rs 1,580 crore. LN Mittal\'s stock stands at 10.7%, valued at Rs 592 crore, reports CNBCTV18. Indiabulls Power will set up a 3,960 MW power project in Maharashtra and will form a JV with Arunachal govt for a hydroelectric project. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 9:13 am
IRDA has issued a circular imposing a ban on sale of insurance policies through telemarketing or banking channels, especially credit cards. The IRDA has received several complaints wherein policies have been issued without the consent of the policyholders. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 9:00 am
Kotak Mahindra Bank has unveiled a slew of products from its stable. Among them is one for school fee remittance, which enables schools to pass on the task of fee collection to the bank, reports Business Line. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 8:41 am
NEW DELHI (Reuters) - India can sustain economic growth of 9 percent despite a possible global slowdown and keep inflation under control, the prime minister said on Friday, as data showed a marginal slowdown in wholesale price inflation.
As part of its longterm plan to emerge as an equity investor in power projects, Power Finance Corporation (PFC) is hopeful of making an entry into financial advisory services sector in the next six weeks, reports Business Line. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 8:39 am
EID Parry, the Murugappa Group company, has acquired a 51 per cent stake in Phytoremedies Biolabs Pvt Ltd, a Punebased company manufacturing nutraceuticals nutrition supplements, according to information provided by EID Parry to the stock exchange, reports Business Line. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 8:37 am
European technology consulting services provider Capgemini said it is in the process of buiding capacities ahead of demand and on course to increasing its India headcount to 40,000 by 2010, reports Business Line. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 8:36 am
Technology solutions provider iflex, now an Oracle company, is on an overseas expansion drive setting up new centres, consolidating its recently established ones at Greece and Chile and is in the process of finalising plans for a global delivery centre in China, reports Business Line. Source: Moneycontrol Top Headlines | 15 Feb 2008 | 8:35 am
The Indian economy will continue to grow at a fast clip and attain 9 percent growth this fiscal, even as the government will ensure that negative impact of a global slowdown is moderated, Prime Minister Manmohan Singh said here Friday. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 8:31 am
Work on building the first phase of the Gujarat International Finance Tec-City (GIFT) - that hopes to create a global financial hub in this western Indian state - is expected to start in June, official sources said. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 8:31 am
Tube Investments of India Ltd (TIIL) is building a plant in West Bengal's Singur to supply car door panels for Tata Motors' $2,500 Nano, unveiled last month as the world's cheapest car. Source: IndiaeNews.com: Business News | 15 Feb 2008 | 8:30 am
Indian Banks Association (IBA), all the nine bank unions under the aegis of united forum of bank unions (UFBA), will go on a two-day country-wide strike from February 25. Source: Daily News & Analysis: Money News | 15 Feb 2008 | 8:29 am
Pharma major Zydus Cadila on Friday said it has launched a drug, Nudoxa, which can be used in the treatment of cancer. Source: Daily News & Analysis: Money News | 15 Feb 2008 | 8:10 am
NEW DELHI (Reuters) - India's wholesale price index rose 4.07 percent in the 12 months to Feb. 2, marginally lower than the previous week's rise of 4.11 percent, government data showed on Friday.
The stock market on Friday turned negative, in line with weak global cues, with the benchmark Sensex shedding 123 points in late morning trade Source: Daily News & Analysis: Money News | 15 Feb 2008 | 6:24 am
Prime Minister Manmohan Singh on Friday exuded confidence that the domestic economy will grow at 9 per cent this year and inflation contained at an acceptable level. Source: Daily News & Analysis: Money News | 15 Feb 2008 | 6:18 am
The stock is still consolidating sideways and the outlook remains stays cautious. We maintain our prior view that traders should stay away from this counter.L&TNegating our prior view, the stock bounced off ... Source: Business Line - Home Page | 15 Feb 2008 | 12:00 am
Mumbai, Feb. 14 Even if a slowdown were to hit the US now, it would end quickly, is the prevalent opinion among Indian IT services industry captains. Ask Mr N. Krishnakumar, CEO, Mindtree Consulting, if he is seeing any budget cuts ... Source: Business Line - Home Page | 15 Feb 2008 | 12:00 am
Mutual funds, which diluted their holdings in index heavyweights in favour of mid and small-cap stocks a few months ago, appear to be returning to large cap stocks. An analysis of the January portfolio (latest available) disclosed by ... Source: Business Line - Home Page | 15 Feb 2008 | 12:00 am
Cognizant plans to set up a development and delivery centre in Eastern Europe as part of its expansion plans. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 11:22 pm
It's that sinking feeling for Giridharbhai Khedia, 49. The artisan has been jobless since the first week of January and has just Rs 9,500 left to support his family of six. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 11:20 pm
The National Steel Policy announced in 2005 may be in need of an urgent revision, going by subsequent developments, which question the very relevance of the policy. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 11:10 pm
Even as it keeps its fingers crossed in the run up to the Union Budget, the steel industry is fervently hoping the finance minister would take a lesson or two from China. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 11:09 pm
A reduction in duties on inputs and finished steel, stiff hike in tax on ore exports will help manufacturers. Source: Daily News & Analysis: Money News | 14 Feb 2008 | 11:07 pm
Global investment firm DE Shaw has just bought 5.7% stake in Orient Express and raised questions regarding the corporate governance structure at Orient Express, reports CNBCTV18. Source: Moneycontrol Top Headlines | 14 Feb 2008 | 8:59 pm
The government has decided to raise prices of petrol by Rs 2 per litre and diesel by Re 1 per litre after deliberating on the move for over six months. ?? Source: Business Standard | Front Page Headlines | 14 Feb 2008 | 6:34 pm
Prime Minister Manmohan Singh today expressed confidence that, given the current rates of savings and investment, the country will sustain economic growth of close to 9 per cent in the medium term. ?? Source: Business Standard | Front Page Headlines | 14 Feb 2008 | 6:33 pm
