MUMBAI (Reuters) - Wal-Mart Stores Inc said on Wednesday it would increase technology activities in India, as it seeks to expand its remote sourcing model.
MUMBAI (Reuters) - Indian shares fell 2.53 percent on Wednesday to their lowest close in a week as persistent worries about the global economy eroded confidence, with ICICI bank and Reliance Industries leading the drop.
China has no 'in-principle objection' to give clearance to Jet Airways to operate Mumbai-Shanghai-San Francisco flight, but certain technical issues need to be first resolved, Chinese ambassador to India Zhang Yan said here Wednesday. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 11:02 am
A new way of producing organic tea in Himachal Pradesh's Kangra valley has appealed to the taste of Europeans, claims a tea planter. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 11:01 am
Brandhouse Retails, the retail arm of apparel firm S. Kumar's Nationwide Ltd (SKNL), which already retails international luxury brands such as Alfred Dunhill and Escada in India, is planning to launch four new international brands by April this year. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 11:01 am
The Himachal Pradesh government has asked the central petroleum ministry to introduce inexpensive compressed natural gas (CNG) for motor vehicles in the state. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 11:01 am
The tourism sector in Kerala appears to be doing well with 19.43 percent increase in foreign tourist arrivals and 17.94 percent growth in revenue generated. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 11:00 am
Congress president Sonia Gandhi Wednesday asked Finance Minister P. Chidambaram to keep the common man, women and farmers in mind while preparing the union budget, which will be presented in parliament Feb 29. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 11:00 am
Birmingham, with a large minority of Asian origin, is fast emerging as the most preferred destination of Indian investment after London. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 10:38 am
The latest in sartorial tastes, flashy private jets, snazzy sports cars, jewellery and more will be showcased at a two-day exhibition, Extravaganza Mumbai 2008, to be held Friday and Saturday. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 10:32 am
Bangalore-based Royal Orchid Hotels Ltd (ROHL) Wednesday said it will set up a Rs.50-million joint venture firm with Parvsnath Hotels to develop new properties. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 10:31 am
The steep and fast appreciation of the rupee against the US dollar has hit the Indian textile and clothing industry, which is now demanding a reduction in excise and customs duties ahead of India's budget for 2008-09. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 10:03 am
Swedish home products retailer Ikea is ready to enter the Indian market only if the government allows 100 percent foreign direct investment (FDI) in multi-brand retailing, said a top company official. Source: IndiaeNews.com: Business News | 20 Feb 2008 | 10:02 am
NEW DELHI (Reuters) - India has contracted to export around 3 million tonnes of sugar this crop season and expects to sell another 500,000 tonnes, double of last year's shipments and beating earlier forecasts, a senior trade official said on Wednesday.
MUMBAI (Reuters) - A unit of Parsvnath Developers Ltd and Royal Orchid Hotels Ltd will form a joint venture to develop hotels in India with an investment of 5 billion rupees, the two companies said on Wednesday.
MUMBAI (Reuters) - India's gold market saw low demand on Wednesday as prices remained firm and in sight of its all-time high, forcing buyers to postpone their purchases or sell scrap to pay for new gold, dealers said.
MUMBAI (Reuters) - Top software services exporter, Tata Consultancy Services Ltd, said on Wednesday it had won a multi-year contract from auto maker Chrysler LLC.
MUMBAI (Reuters) - The rupee fell to its lowest in five months on Wednesday, as dealers stepped up dollar purchases on behalf of foreign investors repatriating funds from local equities on fears of a global economic downturn.
India Inc has launched a counter-offensive here telling Americans that the industry is creating new work opportunities for them. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 7:39 am
MUMBAI (Reuters) - Indian salaries rose an average 15.1 percent in 2007 with the highest increase coming from the real estate sector, according to a survey conducted by human resources firm Hewitt Associates.
NEW DELHI (Reuters) - Indian Energy Exchange (IEX), the country's first power bourse is likely to be delayed and is expected to go live in a couple of months, a senior bourse official said on Wednesday.
Anil Ambani Group company Reliance Power on said it has asked shareholders to make balance payment by February 26 on shares allotted to them in the IPO to be eligible for bonus shares. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 6:12 am
MUMBAI (Reuters) - Annual pay cheques of some fund managers in India have hit $1 million, levels seen normally in London and Tokyo, as asset management firms scramble for scarce talent in a booming market.
The Bombay Stock Exchange benchmark Sensex plunged over 439 points on frantic selling by funds in view of a weakening trend on the global front. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 5:19 am
The Reserve Bank of India (RBI) has turned down IndusInd Bank's proposal to pay its new managing director and CEO Romesh Sobti, a one-time joining bonus and a severance package. ?? Source: Business Standard | Front Page Headlines | 20 Feb 2008 | 12:21 am
After low-cost carrier SpiceJet, the Tata group is making its second investment in aviation with group company Indian Hotels Company Ltd investing 36 to 37 per cent, according to sources, in a Source: Business Standard | Front Page Headlines | 20 Feb 2008 | 12:20 am
The finance ministry today extended the service tax refund scheme for exporters to three more services, but stopped short of including 14 other areas for a similar relaxation. ?? Source: Business Standard | Front Page Headlines | 20 Feb 2008 | 12:20 am
Business Line invites you to tell the Finance Minister your Budget expectations. Send in your Budget wish list (in about 200 words) to ... Source: Business Line - Home Page | 20 Feb 2008 | 12:00 am
New Delhi, Feb.19 Buoyed by robust order inflows and a strong showing by power and automation businesses, ABB Ltd has reported a 34-per cent jump in net profit at Rs 180.79 crore for the quarter ended December 31, 2007. The total income ... Source: Business Line - Home Page | 20 Feb 2008 | 12:00 am
However, much as these companies would want you to think otherwise, there does exist a world outside Ulips and tax-saving mutual funds. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:35 pm
Indian steel prices are poised to soar because of supply-side dynamics of rising demand, shortages from falling year-on-year production growth. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:34 pm
Caught between the ministries of steel and mines, Indian steel companies are readying for a price hike close on the heels of the forced rollback last week. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:32 pm
Serial entrepreneur C Sivasankaran's next big bet is in global shipping. Siva Ventures, the flagship company of the $2 billion Sterling Infotech group, has acquired J B Ugland Shipping AS. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:31 pm
Reliance Communications (RCom) is likely to place an order for 5 million set-top boxes for its proposed direct-to-home (DTH) broadcasting venture, industry sources said. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:30 pm
In a move that has significant ramifications on the capital markets, a SEBI panel has recommended that the face value of shares be made a uniform Re 1 in two phases. Source: Daily News & Analysis: Money News | 19 Feb 2008 | 10:28 pm
