MUMBAI (Reuters) - HDFC Bank, India's third-biggest lender by market capitalisation, agreed on Saturday to buy Centurion Bank of Punjab in an all-share deal in the nation's biggest financial sector buyout.
An official of West Bengal's showpiece Haldia Petrochemicals Limited (HPL) has said a reduction in the excise duty for plastic units in the forthcoming budget will boost the industry. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 1:01 pm
Even as this fast growing city in the heart of the country is witnessing unprecedented housing boom around the upcoming international cargo hub to the south, a unique mini-township wearing a European facade is taking shape near its northern end. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 1:00 pm
The volatile trend in the Indian equities market continued as mixed cues from global markets over the week kept the Indian market barometer climbing up and down. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 1:00 pm
CHENNAI (Reuters) - A proposed plan to make a low-cost small car with an Indian partner would be very important for Renault and Nissan Motor Co as the foreign firms seek to tap growth in emerging markets to help offset saturation in the main U.S. and Japanese markets, a senior Renault official said.
India's $12.5 billion annual programme to make primary education up to Class VIII free and compulsory for its 192 million children may soon see the central government foot the entire financial burden, as states are unwilling to fund it in the present format. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 12:31 pm
Centurion Bank of Punjab has granted its approval in principle to merge with the HDFC Bank, following a marathon meeting between the boards of directors of the two banks Saturday, according to sources. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 12:02 pm
PepsiCo's India-born chief Indra Nooyi is among Forbes' list of 10 best women chief executive officers of large corporations based on their total return to investors. Source: Daily News & Analysis: Money News | 23 Feb 2008 | 11:56 am
Centurion Bank of Punjab's board gave an in-principle approval for merger with HDFC Bank, official sources said. Source: Daily News & Analysis: Money News | 23 Feb 2008 | 10:04 am
NEW DELHI (Reuters) - Indian mobile phone firms signed up a record number of 8.77 million new subscribers in January, data from the telecoms regulator showed.
DUBAI (Reuters) - Kingdom Holding Co, controlled by Saudi billionaire Prince Alwaleed bin Talal, plans to invite bids before July for contracts to build the world's tallest tower in Saudi Arabia, a weekly magazine said.
Publishing major Penguin Books India has joined hands with Mobifusion Inc., developer and distributor of mobile technologies, to deliver books to mobile phone users across India. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 8:30 am
Usha Martin Group, a leading producer of speciality steel and wire rope, has forayed into the education sector with the recently launched Usha Martin Academy here. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 8:30 am
British Biologicals Ltd., a leading mid-size Indian pharma firm, is set to enter American, Russian and European markets to export a range of dietary supplement nutraceuticals, a top company official said here. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 6:31 am
Even as this fast growing city in the heart of the country is witnessing unprecedented housing boom around the upcoming international cargo hub to the north, a unique mini-township wearing a European facade is taking shape near its northern end. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 6:30 am
The euphoria over banks cutting prime lending rates (PLR) may not spill over to the realty market as bankers and realty firms say they are unlikely to encourage house hunters. Source: IndiaeNews.com: Business News | 23 Feb 2008 | 5:00 am
Samco Machinery Ltd, a Canada-based roll forming system manufacturer, will supply auto parts for world's cheapest car Tata Nano. Source: Daily News & Analysis: Money News | 23 Feb 2008 | 4:30 am
CHENNAI (Reuters) - Nissan Motor Co will take a humble approach to India where it is a late entrant, using its alliances to build a strong vehicle line-up in a market that can help offset softness in the United States, a senior company official said.
The composite index of the six infrastructure industries during April-May 2007-08 had increased at 8.1% compared with 7.2%. Source: Daily News & Analysis: Money News | 23 Feb 2008 | 3:44 am
SEATTLE (Reuters) - Microsoft Corp suggested on Friday that it had no plans to make major lay-offs if it succeeded in buying Yahoo Inc, saying there were plenty of employee opportunities throughout the company.
NEW YORK (Reuters) - U.S. stocks will face a heavy lineup of economic indicators next week and may come under pressure if any of the datapoints signal that the United States is in or headed into a recession.
WASHINGTON (Reuters) - The United States and India are discussing whether to negotiate a bilateral investment agreement as part of ongoing efforts to expand and deepen economic ties, a U.S. official said on Friday.
With a week to go before the Union Budget, Uttarakhand Chief Minister B C Khanduri today expressed the hope that the Centre would extend the 2003 tax holiday scheme by three years. With Himachal Source: Business Standard | Front Page Headlines | 23 Feb 2008 | 12:23 am
Future Ventures India Ltd (FVIL), the venture capital arm of Kishore Biyani's Future Group, is ready to hit the market with an initial public offer of around Rs 3,750 crore. ?? Source: Business Standard | Front Page Headlines | 23 Feb 2008 | 12:22 am
Datacom Solutions, in which Videocon's Venugopal Dhoot holds a stake, has topped the list of companies in terms of precedence in converting its letter of intent (LoI) into a licence, according to a Source: Business Standard | Front Page Headlines | 23 Feb 2008 | 12:22 am
The 2007 Budget saw unexpected moves to curtail the steady rise in cement prices. However, a tight-demand supply situation has seen cement prices continue to rise over the past year, despite these measures. Cement manufacturers have ... Source: Business Line - Home Page | 23 Feb 2008 | 12:00 am
New Delhi, Feb 22 Indian road construction projects seem to have caught the fancy of large foreign players in a big way. Out of five successful bidders for projects to widen four lane highways to six lanes which were announced today, foreign ... Source: Business Line - Home Page | 23 Feb 2008 | 12:00 am
New Delhi, Feb. 22 Higher food prices pushed up inflation to a six-month high of 4.35 per cent in early February. Official data released on Friday showed the Wholesale Price Index for the week up to February 9 was higher than the previous 4.07 ... Source: Business Line - Home Page | 23 Feb 2008 | 12:00 am
The Business Confidence Index (BCI) of Indian industry appears to be inching up to the peak level of January 2007, even as the rise is minimal in the case of consumer non-durables. In its latest BCI tracked by the non-profit think-tank ... Source: Business Line - Home Page | 23 Feb 2008 | 12:00 am
If Tata goes ahead with the idea of online booking and purchase, the small car could well change the rules of more than one game. Source: Daily News & Analysis: Money News | 22 Feb 2008 | 10:31 pm
Do you want to ensure you have enough money to get your daughter married off? Do you want to plan ahead for your child's overseas education? Source: Daily News & Analysis: Money News | 22 Feb 2008 | 10:22 pm
The projects, part of the fifth phase of National Highway Development Project (NHDP), are the first one to be under the new model concession agreement. Source: Daily News & Analysis: Money News | 22 Feb 2008 | 10:20 pm
Chinese telecom equipment major Huawei Technologies is planning to set up a manufacturing plant in India by the end of this calendar year. Source: Daily News & Analysis: Money News | 22 Feb 2008 | 10:19 pm
The Telecom Regulatory Authority of India (Trai) has attempted rationalisation of foreign direct investment (FDI) in the media sector by recommending a 26% cap for private FM radio companies. Source: Daily News & Analysis: Money News | 22 Feb 2008 | 10:17 pm
LONDON (Reuters) - A British labour union said on Friday it had held constructive talks with India's Tata Motors over its planned acquisition of Ford Motor Co's luxury UK brands Jaguar and Land Rover.
PARIS/CHENNAI, India (Reuters) - France's Renault and Japan's Nissan on Friday signed an agreement for a $1.0 billion car plant in southern India, forging ahead in the growing economy despite a local partner dropping out.
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
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
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
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
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
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
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
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
