A court injunction prevented TVS from selling its model Flame, following a protracted patent battle with Bajaj on an engine technology. That decision has prompted another twowheeler maker Royal Enfield to play safe, reports CNBCTV18. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 5:00 pm
JP Associates is acquiring another 44 crore equity shares of Jaypee Infratech by infusing Rs 440 crore, reports CNBCTV18\'s Niraj Shah. By subscribing to this additional 4.4 billion shares, its taking its paidup capital stake of JP associates in Jaypee Infratech to 99%, he said. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 4:24 pm
AP Parigi MD of ENIL said that the availability of news would improve FM radio subscriptions. The TRAI recommendations may come into effect in 34 months, he told CNBCTV18. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 2:42 pm
CNBCTV18 learns that Chinese steel mills are ready for 65% hike in iron ore prices. According to agencies, 71% hike will not be accepted by the steel makers Source: Moneycontrol Top Headlines | 22 Feb 2008 | 2:32 pm
The board of HDFC Bank and CBoP are likely to meet on Saturday to discuss the merger proposal. Based on financial parameters, the merger will create a strong banking entity, a CNBCTV18 analyst said. Going forward, if the merger goes through, HDFC Bank will consolidate its position as the third largest bank in India after SBI and ICICI Bank. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 2:00 pm
TRAI, has recommended hiking FDI cap in FM radio news channels to 26% reports CNBCTV18 quoting Newswire 18. Tarun Katial, COO, Big FM, said radio is the cheapest medium and the easiest to disseminate information from. He said it will make the content far more richer and will help it to go beyond just music. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 1:49 pm
Not just music, you could soon get news on your FM Radio, that\'s if the IB Ministry accepts the latest set of recommendations from broadcast regulator TRAI. It\'s recommended hiking FDI cap in FM radio news channels to 26% versus 20%, reports CNBCTV18 quoting Newswire 18. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 1:21 pm
LG Electronics Inc, the world`s fifth-largest mobile phone maker, said on Friday difficulties at rival Motorola Inc give it a strong chance to win market share from the world no 3. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
Citigroup has appointed a veteran banker to head its Asian consumer and health care group in a bid to tap into deal making by companies capitalising on surging domestic spending in countries such as China and India. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
Indian primary market is likely
to witness a huge flow of public issues if the government`s
proposal for listed companies to maintain a minimum public
holding of 25 percent is implemented, ASSOCHAM has said. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
A European unit of Indian wind energy company Suzlon said on late Thursday it had won a key German order, estimated by industry observers to be worth 2 billion euros (USD 3 billion). Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
Goldman Sachs on Friday raised its forecast for Chinese inflation this year to 6.8 percent from 4.5 percent and said it now expects the yuan to rise by 12 percent against the dollar in the next 12 months instead of by 10 percent. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
Ma Foi Management Consultants Ltd, a staffing and solutions provider, has entered into a strategic alliance with BBT Worldwide, an international recruitment consultancy headquartered in the UK. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
Inflation rate grew by 4.35 percent for the week ended February 9 as compared to 4.07 percent for the previous week mainly due to rise in prices of
food articles and manufactured products. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
The Reserve Bank on late Thursday allowed
Foreign Institutional Investors (FIIs) to pick up stakes in
three companies -- Tourism Finance Corporation of India, Tulip
IT services and Info Edge India -- under the Portfolio
Investment Scheme (PIS). Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
Bharti group CEO Sunil Bharti
Mittal has on late Thursday been conferred with the prestigious JRD Tata Corporate Leadership Award for his contribution to the Indian industry. Source: Zee News : Business | 22 Feb 2008 | 12:43 pm
MUMBAI (Reuters) - Eight Indian equity funds featured in the world's top 10 infrastructure funds in 2007, helped by local shares recording their best gains in four years, data from fund tracker Lipper showed.
BANGALORE (Reuters) - Indian shares fell 2.17 percent on Friday on growing worries among investors about the impact of a recession in the United States, with heavyweights Reliance Industries and ICICI Bank leading the market down.
OSLO (Reuters) - Norwegian mobile software developer Trolltech said on Friday it was on track to be integrated into Finnish mobile giant Nokia in the second quarter of 2008.
India, the world's fastest growing telecom market with the lowest call tariffs, added a whopping 8.74 million subscribers in January, official data released Friday said. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 11:00 am
Hyderabad-based cement manufacturing major Rain Commodities Ltd has launched a feasibility study to construct and operate a petroleum coke calcining plant in China. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 11:00 am
Inflation rises to six-month high of 4.35 pc Hindu - 1 hour ago New Delhi (PTI): Costly food items pushed inflation rate to a six-month high of 4.35 per cent for the week ended February 9, justifying the cautious approach adopted by the RBI in its quarterly monetary review.
MUMBAI (Reuters) - India's long-delayed new mining policy should be in place in two to three months, and it would include changes to royalty fees paid by mining firms, the country's junior minister for mines said on Friday.
MUMBAI (Reuters) - India's gold imports in January fell 72 percent to around 24 tonnes from a year ago as soaring prices curtailed demand, a senior official at World Gold Council said on Friday.
SEOUL (Reuters) - A deal between French car maker Renault and India's Bajaj may come within this year, Carlos Ghosn, chief executive of both Nissan Motor Co and Renault said on Friday.
The Telecom Regulatory Authority of India (TRAI), in order to take FM radio broadcasting to the next growth level by making it accessible to everyone, Friday recommended increasing foreign direct investment (FDI) in the sector. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 10:01 am
MUMBAI (Reuters) - India appears well on course for matching or even beating its federal fiscal deficit target for this financial year and pushing for an even smaller shortfall next year -- thanks to the country's rapid economic growth.
Lifesciences company Avesthagen Ltd has launched seven botanical bioactives under the Avesta brandname targeting specific conditions like diabetes, boneloss and cardiovasculardiseases, reports Business Line. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 8:57 am
MUMBAI (Reuters) - India's gold demand remained slack on Friday with prices near record highs drawing more sellers than buyers in the market and keeping a lid on imports, dealers said.
Kingfisher Airlines ties up with watchmaker Hublot, the UB Groupowned Kingfisher Airlines has announced a partnership with the Genevabased luxury watchmaker Hublot to produce a limited edition of watches to be made available on board the airlines, reports Bussiness Line. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 8:50 am
Hydro SS Industries Ltd (HSSIL), part of the Chennaibased WS Group, is setting up a plant at Singur to supply plastic compounds to vendors of Tata Nano. The companys products have been approved by Tata Motors for the Nano car. Source: Moneycontrol Top Headlines | 22 Feb 2008 | 8:38 am
India's wholesale price index rose 4.35 percent for the week ending Feb 9 compared to 4.07 percent and 4.11 percent in the preceding weeks, data released Friday showed. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 8:31 am
NEW DELHI (Reuters) - The government is likely to extend tax breaks on personal income and cut duties on consumer goods in its annual budget as it looks to boost spending and revive slowing growth before general elections due by May 2009.
Patients visiting Himachal Pradesh rural health centres may soon be able to consult both allopathic and ayurvedic doctors for treatment. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 8:01 am
Software solutions provider i-flex Solutions Ltd has said that Japan-based Rakuten Inc and Tokyo Tomin Bank have successfully launched an online banking branch based on its Flexcube solution and the Vietnam-based FPT Bank will be installing this core banking solution this year. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 8:01 am
Mahendra K. Goenka, a man who lived in a rented flat in Howrah town in greater Kolkata area for the past 50 years, has won a contest that gives him an apartment in Eden City Mahestala, an upmarket project funded by foreign direct investment. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 8:00 am
NEW DELHI (Reuters) - Inflation ticked up to 4.35 percent in early February, a six-month high, and analysts said with the impact of higher fuel prices to come interest rate cuts anytime soon were unlikely despite slowing growth.
Rail Bhavan in the heart of the national capital wears a busy look as Railway Minister Lalu Prasad prepares to present his fifth successive budget Feb 26, having given ample evidence that passengers will again be spared fare hikes. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 6:31 am
The mega-million bucks that were shelled out for cricketers at Wednesday's Indian Premier League (IPL) auction has led players in other sports to seek at least a small fraction of the funds. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 6:31 am
The Bombay Stock Exchange benchmark Sensex today opened 219 points down on heavy selling, sparked by weak global cues. Source: Daily News & Analysis: Money News | 22 Feb 2008 | 6:01 am
India might have tided over its worst ever bird flu outbreak, but the virus left thousands of shuttlecock makers in a West Bengal town in dire straits as the fear of infection choked the supply chain of goose feathers. Source: IndiaeNews.com: Business News | 22 Feb 2008 | 5:32 am
Pune, Feb. 20 Symantec, player in the infrastructure software, has launched the second volume of the IT risk management report, revealing that awareness of the importance of risk management was increasing among the IT community. The ... Source: Business Line - Home Page | 22 Feb 2008 | 12:00 am
New Delhi, Feb. 21 Domestic passengers flying from the new airports in Bangalore and Hyderabad will be spared the development levy planned. The Government has, however, allowed the GMR group-promoted Hyderabad airport and the ... Source: Business Line - Home Page | 22 Feb 2008 | 12:00 am
Mumbai, Feb. 21 Hexaware Technologies, which had suffered a severe blow recently on account of certain unauthorised forex derivative deals entered into by a company official, on Wednesday reported a Rs 81-crore loss for the quarter ended ... Source: Business Line - Home Page | 22 Feb 2008 | 12:00 am
Reliance Communication' (RCom) has acquired a telecom firm in Uganda and will spend Rs 2000 crore ($500 million) over the next five years in the African country. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:27 pm
Hexaware Technologies, is aiming to grow its revenues four-fold over the next four-five years in its vision to be a billion dollar corporation. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:26 pm
Pune-based Bharat Forge Ltd (BFL) has finalised a Rs 6,500 crore plan for setting up a steel plant and a captive power plant in West Bengal. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:25 pm
The Supreme Court granted interim relief of one week to Uttar Pradesh sugar mills from paying Rs 1,460 crore as arrears, due to cane growers in the state for over a year. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:24 pm
Veolia Water Solutions and Technologies, a 2.1 billion euro global giant in water treatment, has hotfooted into India through a joint venture with Ahmedabad-based Doshion. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:24 pm
The banking and financial services sector looks all set to topple infrastructure as the favourite theme for mutual fund managers this year. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:22 pm
Prof Vijay Kolhe didn't know what to make of the credit card bill in his hand. How could anyone expect him to pay Rs 50,000 for transactions he never entered into? Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:21 pm
ATM-maker NCR Corp, which has around 60% market share in India, has expanded to ATM management as well. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:20 pm
The success of networking sites may have got many local techies, start-ups and media conglomerates excited, but their indigenous ventures haven't really been revenue churners. Source: Daily News & Analysis: Money News | 21 Feb 2008 | 10:20 pm
India has performed poorly in international patent filings last year compared to its neighbour China, according to data released by the Geneva-based World Intellectual Property Organisation (WIPO).?? Source: Business Standard | Front Page Headlines | 21 Feb 2008 | 6:38 pm
The hill state of Himachal Pradesh has warned that no changes should be made to the central government's area-based tax exemption scheme of 2003, a demand voiced by neighbouring Punjab.?? Source: Business Standard | Front Page Headlines | 21 Feb 2008 | 6:37 pm
