MUMBAI (Reuters) - Indian analysts had mixed views on gold prices this week as the metal stuck to a range with the prospect of U.S. rate cuts on one hand and low physical demand on the other enforcing opposing pulls.
MUMBAI (Reuters) - Reliance Communications, India's second-largest mobile operator, added 1.6 million mobile subscribers in January, taking its user base to 42.6 million, a company spokesman said on Monday.
Reliance Industries has accused the Petroleum Ministry of violating Parliament approved norms for oil and gas exploration in the country. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 11:49 am
NEW DELHI (Reuters) - Education services firm Educomp Solutions Ltd plans to invest up to 8 billion rupees by 2012 to set up 150 schools, Managing Director Shantanu Prakash told reporters during a press conference on Monday.
MUMBAI (Reuters) - Indian shares fell 0.37 percent on Monday, snapping a three-day winning streak as confidence remained vulnerable to fears of a global slowdown, but Reliance Power rose on plans to issue bonus shares after a poor debut.
Mahindra Defence Systems (MDS), a part of the $6-billion Mahindra Group and provider of bullet-proof vehicles to the armed forces, said it would strategically ally with Italian firm Whitehead Alenia Sistemi Subacquei (WASS). Source: IndiaeNews.com: Business News | 18 Feb 2008 | 11:00 am
A national-level seminar to discuss how low-grade iron ore can be utilised in making steel with the help of latest technology began here Monday. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 11:00 am
Tata group's holding company Tata Sons Ltd has made Tata Investment Corporation Ltd (TICL) its subsidiary by consolidating its stake to around 55 per cent. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 10:43 am
NEW DELHI (Reuters) - Mahindra & Mahindra Ltd and a unit of Italy's Finmeccanica are planning a 500 million rupee ($12.6 million) joint venture to develop underwater defence systems for India, senior officials said on Monday.
China's Sinosteel Corp has surveyed land in Jharkhand to set up a greenfield steel plant. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 10:02 am
Engineering and construction conglomerate Larsen and Toubro Ltd (L and amp;T) has won a Rs.12.5 billion ($315 million) turnkey project from state-owned Oil and Natural Gas Corp (ONGC) for construction and installation of offshore platforms at Mumbai High. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 10:02 am
The US defence and aerospace giant Lockheed Martin has signed a deal with the Indian government worth an estimated $1.1 billion to sell six Super Hercules C-130J military transport planes. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 10:00 am
Bangalore-based Deccan Aviation Ltd, which runs budget carrier Simplifly Deccan, said it plans to replace seven A-320 aircraft with new ones from October 2009. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 10:00 am
The reform process that has taken India's economy to new heights has taken place more rapidly and in a more successful manner than in China, said a study. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 10:00 am
Positioning its east coast as the quickest gateway to North American markets, Canada Monday forcefully urged Indian exporters to utilise this Atlantic gateway to further their business interests. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 10:00 am
Merrill Lynch, a leading foreign institutional investor (FII), has increased its holdings to 7.72 per cent in Vakrangee Software Limited. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 9:54 am
MUMBAI (Reuters) - The Reserve bank of India (RBI) has approved an application from UBS AG to open a retail branch in India, following the clarification of some transactions, a RBI official said on Monday.
MUMBAI (Reuters) - Fertiliser manufacturers have sought removal of basic customs duty on liquefied natural gas-- used as feedstock-- as well as on inputs like ammonia, phosphoric acid and sulphur, in order to reduce cost of production.
MUMBAI (Reuters) - The rupee eased on Monday, with trades taking place in a tight range, as local shares erased early gains raising doubts about the momentum of capital flows in the near-term.
MUMBAI (Reuters) - India's gold demand was low on Monday as buyers waited with hopes prices would fall when the U.S. markets reopen on Tuesday after a holiday, dealers said.
Bangladesh-based GMG Airlines is working on an aggressive expansion plan in India by introducing flights between Dhaka and Mumbai, Chennai and Guwahati. Source: IndiaeNews.com: Business News | 18 Feb 2008 | 8:31 am
Mahindra & Mahindrasigned an agreement for a joint venture with Italy's Whitehead Alenia Sistemi Subacquei for developing underwater weapon systems. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 7:28 am
Chandrasekher Bhaskar Bhave has taken the charge of the Chairman of Indian market regulator, Securities and Exchange Board of India for next three years. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 7:13 am
UTV Software Communications Ltd said its board has approved the issuance of 93,52,500 equity shares on preferential basis to Disney at a price of Rs 860.79 per equity share. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 6:49 am
Reliance Power soared nearly 12 per cent on the National Stock Exchange and touched a high of Rs 430 after the Anil Ambani group said it is mulling a bonus issue. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 5:27 am
The Bombay Stock Exchange benchmark Sensex gained 142 points in the initial trade on buying in heavy-weight stocks led by Reliance Power. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 4:58 am
Larsen & Toubro Ltd has won a Rs 1250 crore turnkey fast track project from ONGC for the Mumbai High South Field. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 4:42 am
After the “junk bonds”, the latest dirty word in the financial market is “sub-prime”. What began as an attempt, by the American financial institutions, to design structured products leveraging the rise in the portfolio ... Source: Business Line - Home Page | 18 Feb 2008 | 12:00 am
We recommend a buy in Tata Communications from a short-term perspective. It is clearly evident from the charts of this company that it had been on a medium-term uptrend between August 2007 and early January 2008 (from a low of Rs 360 to a 52-week ... Source: Business Line - Home Page | 18 Feb 2008 | 12:00 am
Chennai, Feb. 17 Last week, gold declined 1.87 per cent to $906.10 an ounce. The yellow metal came under pressure especially during the weekend on fears of US recession slowing demand. The fears led to panic sales but the sellers’ fears ... Source: Business Line - Home Page | 18 Feb 2008 | 12:00 am
The political economy of India is dominated by discussions between those who favour growth-oriented policies and those who are on the side of poverty alleviation. The apparent conflict between these two schools of thought is not that really ... Source: Business Line - Home Page | 18 Feb 2008 | 12:00 am
With banks lowering housing loan rates and RBI signalling a downward trend in property prices, investors have a reason to smile. Source: Daily News & Analysis: Money News | 17 Feb 2008 | 10:12 pm
Reliance Power (R-Power), which raised over Rs 12,000 crore in India's biggest initial public offering (IPO) in January, will consider issuing bonus shares to its shareholders, excluding the promoter Source: Business Standard | Front Page Headlines | 17 Feb 2008 | 6:31 pm
Faced with imminent recession in the US, Indian IT services companies with major exposure to the North American markets are likely to cut the onsite allowances of employees deployed at clients' Source: Business Standard | Front Page Headlines | 17 Feb 2008 | 6:31 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
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
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
