MUMBAI (Reuters) - Indian stocks edged up 0.15 percent on Tuesday, surrendering early gains of as much as 1.5 percent as nervy investors decided it was best not to take aggressive positions given uncertainty about the global outlook.
SINGAPORE (Reuters) - Platinum roared to a 14th straight record high on Tuesday, taking gains this year to over 40 percent as intensifying speculative buying extends a rally triggered by supply problems in main producer South Africa.
SINGAPORE (Reuters) - Lockheed Martin believes that India could be the largest defense market in Asia with $20 billion in possible air force, navy and communications contracts over the next decade, an executive said on Tuesday.
NEW DELHI (Reuters) - India is debating setting up a sovereign wealth fund that could use a small portion of the country's growing foreign exchange reserves to invest in energy assets abroad, an adviser to a top policy body said on Tuesday.
A team of senior British scientists is touring south India to meet R&D and private sector institutions and highlight their expertise in life sciences and stem cell research. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:50 am
United Arab Emirates (UAE) based Ras Al Khaimah Investment Authority (Rakia) and its subsidiary RAK Minerals and Metals Investments (RMMI) said Tuesday that they will develop industrial and biotechnology parks in South Sumatra province of Indonesia, a move expected to supply minerals and metals to India. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 10:31 am
The realty sector is projected to witness the highest salary rise in 2008 in India, even ahead of retail and telecommunications industries, says a survey. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:25 am
MUMBAI (Reuters) - Indian drug maker Ranbaxy Laboratories Ltd said on Tuesday its board had approved the spin-off of its drug discovery research unit, which it said would yield cost savings of $25 million in the current year.
MUMBAI (Reuters) - Financial Technologies Ltd, the promoter of Indian Energy Exchange, will not sell a stake in the power bourse at the moment to accommodate NTPC Ltd, a senior official said, denying reports of a sale.
LONDON (Reuters) - Oil rose above $96 a barrel on Tuesday, but the rally lacked conviction as traders predicted a quarrel between OPEC member Venezuela and U.S. energy major Exxon Mobil would have limited impact.
TOKYO (Reuters) - Japan's Toshiba Corp waved the white flag in the home movie war, giving up on its HD DVD format after losing the support of key studios and retailers to Blu-ray technology backed by Sony Corp.
A new building, Globsyn Crystals, will open April at West Bengal's burgeoning IT hub at Salt Lake City here to meet the increasing demand for space in the core area. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 9:02 am
The Bombay High Court has sanctioned the demerger of Bajaj Auto Ltd's automobile and financial services businesses into two separate independent entities. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 9:02 am
A team of senior British scientists is touring south India to meet R and amp;D and private sector institutions and highlight their expertise in life sciences and stem cell research. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 9:01 am
NEW DELHI (Reuters) - The Reserve bank of India (RBI) will transfer to the government its stakes in two subsidiaries in the 2008/09 financial year that starts in April, a senior finance ministry official said on Tuesday.
Sujana Towers Ltd, which makes galvanised steel towers for power and telecom industries, informed the Bombay Stock Exchange that its board would meet to consider and approve a proposal to issue global bonds. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 8:31 am
Ushdev International Ltd, part of the Ushdev group that deals in imported pig iron, steel scrap and non-ferrous metals, said Tuesday that it has recommended a rights issue in the ratio of one equity share for two already held. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 8:30 am
Bangalore-based Subex Ltd, which provides open source solutions, Tuesday said they have successfully upgraded a roaming fraud management system of a Romanian telecom service provider. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 8:30 am
The Reserve Bank of India will shortly operationalise the 'non competitive bidding facility' of State Development Loans (SDLs) following request from some states. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 8:16 am
Ford Motors launched the new Ford Endeavour, which delivers much more power with all-new interiors, priced at Rs 17.32 lakh. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 8:12 am
The exports turnover from special economic zones (SEZs) in India is likely to cross Rs.1 trillion ($25 billion) in fiscal 2008-09, a top trade body has said. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 7:31 am
Unfazed by the cancellation of its proposed deal to sell 197 helicopters to the Indian Army, the world's largest chopper maker Eurocopter has inked a deal with a French manufacturer of precision aerospace parts to enable it to establish a presence in the Indian market. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 7:30 am
China's upcoming IT city of Wuxi has signed an agreement with India's National Institute of Information Technology (NIIT) for training and creating a pool of software engineers. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 7:30 am
OIL) has decided to offer Initial Public Offering to raise around Rs 1,474 crore for its expansion plans in its Golden Jubilee year. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 6:20 am
Canada is seeking to ramp up military ties with India, saying this would be beneficial for both countries. Source: IndiaeNews.com: Business News | 19 Feb 2008 | 6:01 am
The markets pared the gains posted in early trading and ended almost flat as selling pressure emerged following reports of weakness in European markets. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 5:12 am
Reliance Power shares got a shot in the arm on Monday following a weekend announcement that the company board will meet on February 24 to consider a bonus issue. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 3:56 am
Eventually, mobile subscribers in India will have to deal with 11-digit numbers, a change from the current 10-digit numbers. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 3:55 am
NYSE Euronext (NYX) taking a 5 per cent stake in India’s leading commodity exchange, the Multi Commodity Exchange (MCX) is a strategic move by the exchange to increase its existing products as well as to expand geographical presence. ... Source: Business Line - Home Page | 19 Feb 2008 | 12:00 am
Chennai, Feb. 18 According to SEBI data, net FII purchases dwindled from Rs 32,000 crore between July and September 2007 to Rs 20,000 crore in the October-December quarter. However, the value of FII holdings in S&P CNX 500 stocks rose from ... Source: Business Line - Home Page | 19 Feb 2008 | 12:00 am
Mumbai, Feb 8 With the Union Budget barely days away and Government facing a stringent financial condition to support projects of critical importance, here is an opportunity to raise a substantial amount of revenue – as much as Rs 800 ... Source: Business Line - Home Page | 19 Feb 2008 | 12:00 am
The ever-increasing demand for office space and soaring lease rentals in Mumbai and delays and rising costs for retail projects have leading property developers rethinking their mall projects. ?? Source: Business Standard | Front Page Headlines | 18 Feb 2008 | 11:49 pm
Think of it. Here is a company that only has a project report to set up 12 power plants for 28,000 MW after three years. Source: Daily News & Analysis: Money News | 18 Feb 2008 | 10:20 pm
