NEW DELHI (Reuters) - The government could slash import duties on edible oils in next Friday's federal budget to ease inflation pressures, analysts and traders said on Thursday.
MUMBAI (Reuters) - Reliance Communications Ltd, India's second-biggest mobile operator, said on Thursday it had acquired a telecom firm in Uganda and will spend $500 million over the next five years in the African country.
NEW DELHI (Reuters) - The head of India's main outsourcing industry body will be prosecuted for allegedly giving inadequate security to a female employee killed while travelling home after work, after the Supreme Court rejected an appeal on Thursday.
NEW DELHI (Reuters) - The Indian cabinet on Thursday approved an extra spending of 5 billion rupees ($125 million) to subsidise interest rates on loans for exporters, a government spokeswoman said, to help soften the blow from a firmer rupee.
BANGALORE (Reuters) - Indian shares rose 0.66 percent on Thursday, led by software exporters such as Infosys Technologies, but concerns about record oil prices and the health of the global economy kept market sentiment cautious.
Ranbaxy Laboratories has said it will move the Delhi High Court against the Income Tax Appellate Tribunal's order which will subject the company's cross-border transactions to scrutiny. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 11:20 am
The Indian government Thursday approved setting up of a financial inclusion fund (FIF) and a financial inclusion technology fund (FITF), with a total outlay of Rs.4 billion ($100 million) for the next five years. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 11:02 am
Small and big traders in Kerala will not open their shops Saturday to protest the entry of retail giants, who are consolidating their position in the state. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 11:00 am
Microsoft India launched Microsoft Digital Advertising Solutions platform in India to trigger online advertisement boom in the country. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 11:00 am
DHAKA (Reuters) - India has issued clearance to supply 50,000 tonnes of rice out of a pledged half a million tonnes to cyclone-hit Bangladesh, officials said on Thursday.
MUMBAI (Reuters) - The Supreme Court of India on Thursday asked the government of Uttar Pradesh, the country's second largest sugar producer, to not take coercive action against private millers with cane arrears for 2006/07 season.
MUMBAI (Reuters) - Nearly a million Indian bank employees will go ahead with a two-day nationwide strike next week against proposed mergers between state-run banks if last minute talks fail on Friday, a union spokesman said.
Infiniti Retail Ltd, a wholly owned subsidiary of Tata Sons, Thursday said it was going to concentrate on Indian metros. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 9:30 am
Secunderabad-based Goldstone Technologies Ltd will launch Internet protocol television (IPTV) services in Thailand in collaboration with Synap Media and Infotecch Ltd, the company said Thursday. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 9:30 am
Canada is keen to have Indian shipping use its eastern coast as an Atlantic gateway to reach the American market faster, said a top Canadian minister. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 9:02 am
Mumbai-based home furnishing retailer Welspun Retail Ltd Thursday said it was planning to increase its footprint in a big way in tier-II cities even as it targeted a turnover of Rs.10 billion ($250 million) by 2011-12. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 9:00 am
The Rs.440-million ($1.1 million) Sayaji Hotels Ltd has decided to hive off its Barbeque Nation restaurant chain for more focussed and accelerated growth, the hotel group's top officials have said. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 9:00 am
MUMBAI (Reuters) - The rupee held onto to early gains on Thursday, driven higher by exporters selling dollars and inflows of overseas capital into the stock market, dealers said.
Bharti Airtel said it was open to sharing active infrastructure such as antennas, transmission systems and feeder cables with other mobile operators. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 8:03 am
French tourist office Maison de la France, in association with Paris Convention and Visitors Bureau, will showcase Paris as a tourist destination during a Parisian delegation's visit to India this March. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 8:01 am
Bangalore-based hardware and software solutions company Cerebra Integrated Technologies Ltd Thursday informed the Bombay Stock Exchange (BSE) that it has cleared all its debts. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 8:01 am
Kolkata-based construction firm Simplex Infrastructures Ltd has bagged an order of Rs.3 billion ($75 million) to build six flyovers on Seeb Corniche Road in Muscat in the Sultanate of Oman. Source: IndiaeNews.com: Business News | 21 Feb 2008 | 8:00 am
The Bombay Stock Exchange benchmark Sensex recovered by more than 117 points on emergence of buying by funds in fundamentally strong stocks available at lower levels. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 5:47 am
The CMD thinks the carrier will be back in the black next fiscal; his colleagues can't understand how.?? Source: Business Standard | Front Page Headlines | 21 Feb 2008 | 12:27 am
Mumbai, Feb. 20 The Anil Ambani-controlled Reliance Communications has consolidated its overseas telecommunications operations into a new business unit, whose shares will be listed in the near future. Christened “Reliance ... Source: Business Line - Home Page | 21 Feb 2008 | 12:00 am
We recommend a buy in ABG Shipyard from a short-term perspective. From the charts of ABG Shipyard, we see that the stock had formed a double top pattern spanning almost two months between November 2007 and January 2008 with baseline at Rs 870. On ... Source: Business Line - Home Page | 21 Feb 2008 | 12:00 am
Even as the market was witnessing a sharp downfall, few smart investors were found shoring up their investments by buying into Gold Exchange Traded Funds (G-ETFs). Currently four G-ETFs – Gold BeES (from Benchmark Mutual Fund), UTI ... Source: Business Line - Home Page | 21 Feb 2008 | 12:00 am
Mumbai, Feb. 20 The Mumbai Trans Harbour Link, that aims to promises to cut travel time between Mumbai and Navi Mumbai on the mainland by more than an hour and a half, has finally cleared a major hurdle. A consortium led by the Anil Dhirubhai ... Source: Business Line - Home Page | 21 Feb 2008 | 12:00 am
Kolkata, Feb. 20 The Railway Board is concerned that the imposition of congestion surcharge on iron ore traffic has thrown up various problems, according to informed sources. The concern is more because a private sector steel plant is ... Source: Business Line - Home Page | 21 Feb 2008 | 12:00 am
The stock has formed an evening doji star candlestick pattern, indicating short-term bearishness. We recommend a sell in this counter. Infosys The stock continues to move in a sideways direction. We maintain ... Source: Business Line - Home Page | 21 Feb 2008 | 12:00 am
The capital market has not been writing any postcards to the finance minister over the last three years. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 11:27 pm
Brazil-based Vale, the world's top iron-ore manufacturer, has raised iron-ore prices by 65% in its agreement with Korean and Japanese steel makers for 2008, setting the benchmark for global iron-ore prices. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 11:27 pm
Mumbai-based Reid & Taylor, the Rs 600-crore luxury textiles and ready-to-wear garments brand from SKNL, is close to getting a Rs200 crore PE infusion by the end of this fiscal. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 11:27 pm
We have all heard stories about people making a fortune riding a bull run in gold or from a steep fall in the prices of Nickel or some other commodity. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 11:23 pm
The former Sebi chairman M Damodaran, in his own inimitable style, once explained how things get done in India with the analogy of the booming aviation sector. Source: Daily News & Analysis: Money News | 20 Feb 2008 | 11:23 pm
