Wal-Mart Stores Inc abandoned the flailing HD DVD format, potentially ending a war over next-generation DVDs as it joined Best Buy and Netflix. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 3:07 pm
Blaming a vicious campaign by rival corporate interests for pulling down Reliance Power and other group firms stocks, Anil Ambani Group demanded a probe by market regulator SEBI into market abuse that hit millions of investors. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 2:18 pm
Anil Ambani group announced on Sunday to consider free bonus shares for investors in the company and hit out at rivals for hammering down the shares of all the group companies. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 1:27 pm
MUMBAI (Reuters) - Reliance Power Ltd plans to issue bonus shares to all equity holders other than the founders, hoping to cheer retail investors after the firm's shares tumbled following a record $3 billion IPO.
A month after Prime Minister Manmohan Singh's visit to China, Beijing has yet to allow Jet Airways for flying to Shanghai and beyond, but the Indian carrier is 'not unduly worried' and hopes that issues will be sorted out between the two countries to allow it to operate Mumbai-Shanghai-San Francisco flight. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 12:31 pm
Barely a week after listing on stock exchanges, Reliance Power Sunday said it would consider a bonus issue to shareholders Feb 24 to address investor complaints of overpricing of its maiden issue. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 12:30 pm
China suffered its first defeat at the World Trade Organisation after it upheld a complaint by the United States, European Union and Canada over import tariffs on car parts, sources close to the case said. Source: Zee News : Business | 17 Feb 2008 | 12:15 pm
The workload on bank employees has nearly halved in the last few years due to installation of ATM facilities in various areas, industry chamber ASSOCHAM said. Source: Zee News : Business | 17 Feb 2008 | 12:15 pm
India`s booming realty sector has attracted foreign investors and figures in the top three property markets, offering the best opportunity for capital appreciation after the US and China. Source: Zee News : Business | 17 Feb 2008 | 12:15 pm
Commercial banks cannot be compelled under the Right to Information (RTI) Act to divulge the operational details of their ATMs installed across cities, the Central Information Commission (CIC) has ruled. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 11:30 am
Maldives-based Island Air, which started daily flights to Thiruvananthapuram last month, is now planning to expand its operations in India. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 11:30 am
ABU DHABI (Reuters) - Abu Dhabi's bourse said on Sunday it had signed an agreement with the Karachi Stock Exchange to encourage cross listings of securities.
The Madras High Court has stayed the production of motorcycle brand 'TVS Flame 125' while passing orders on a writ petition filed by a rival two-wheeler manufacturing major. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 11:02 am
The BrahMos supersonic cruise missile, one of the most successful products of Indo-Russian military collaboration, is about to get a successor. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 10:32 am
Signaling a paradigm shift, US aerospace major Boeing Sunday said it would transfer technology for a cutting edge technology radar of its F-18 Super Hornet fighter, which is vying for an Indian Air Force (IAF) order for 126 multi-role combat aircraft. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 10:31 am
Nokia has tied up with Google to facilitate web search on its products, even as it launched models offering new services, moves that could consolidate its leadership position. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 10:11 am
Gurgaon-based MDLR Airlines, flying regional routes in north India, is looking to partner an airline based in the southern part of the country to boost connectivity. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 9:00 am
The BrahMos supersonic cruise missile, one of the most successful products of Indo-Russian military collaboration, is about to get a successor. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 9:00 am
MUMBAI (Reuters) - The Walt Disney Co is plans to increase its stake in Indian media firm UTV Software Communications Ltd to 32 percent, the Business Standard Newspaper reported on Sunday.
The headline inflation rate for the week ended February 2 declined to 4.07 per cent, due to fall in prices of food products and textiles. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 6:43 am
Gildemeister AG, the euro 1.6-billion ($2.3 billion) German maker of turning and milling equipment, is planning a production facility in India to meet the growing demand for machine tools by a vibrant domestic manufacturing industry. Source: IndiaeNews.com: Business News | 17 Feb 2008 | 6:31 am
Pepsi deciding to drop Sourav Ganguly and Rahul Dravid as ambassadors while roping in youngsters Ishant Sharma and Rohit Sharma, in line with its brand ideology. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 6:18 am
Yahoo! will incur about Rs 100 crore in severance payouts and other expenses related to its planned job cuts across the world, which includes about 40 people in India. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 6:12 am
BEIJING (Reuters) - When the world's greatest sporting and marketing event crosses paths with one of the best economic growth stories ever, the result could be the opportunity of a lifetime for corporate sponsors of the Beijing Olympics.
TOKYO (Reuters) - Toshiba Corp is planning to give up on its HD DVD format for high definition DVDs, conceding defeat to the competing Blu-Ray technology backed by Sony Corp, a company source said on Saturday.
The Commerce Ministry is not in favour of an across-the-board cut in the basic customs duty and has called for selective cuts on certain imported products in the coming Budget. ?? Source: Business Standard | Front Page Headlines | 17 Feb 2008 | 12:00 am
Tata Advance Systems has entered into an alliance with European defence and aerospace consortium EADS to bid for the Indian Army's $1 billion advanced tactical communications system project. The Source: Business Standard | Front Page Headlines | 17 Feb 2008 | 12:00 am
New Delhi, Feb. 16 India is attracting the attention of the global armament industry. From the Israeli manufacturer of assault rifles to EADS, the European conglomerate having interests in aerospace, defence and related services, the Russian ... Source: Business Line - Home Page | 17 Feb 2008 | 12:00 am
Fiat India is all set to launch the New Fiat 500, a two-door lifestyle car come April 2008 and will carry a price tag of, hold your breath, Rs 13 lakh plus.The new Fiat 500 along with Fiat Source: Business Standard | Front Page Headlines | 16 Feb 2008 | 11:58 pm
NEW DELHI (Reuters) - Ashok Leyland Ltd is working on developing a mine-protected vehicle and is in talks with overseas firms to partner it in the project, a senior official said on Saturday.
