The Reserve Bank of India will shortly come out with regulatory framework for mobile banking, with increasing number of banks going the electronic way. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 12:12 pm
Two Ferrari 612 Scaglietti Gran Turismo (GT) supercars of the 13,220 km ''Ferrari Magic India Discovery'' drive were flagged-off by Tata Group Chairman Ratan Tata. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 12:09 pm
Reuters - The Congress party-led coalition will present its fifth budget on Feb. 29, and it is expected to focus on farms, education, healthcare and tax reforms as well as unveiling medium term measures to fight food price inflation.
The boards of Boards of HDFC Bank and Centurion Bank of Punjab (CBoP) approved the share swap ratio 1:29 for their proposed merger. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 11:53 am
AHMEDABAD, India (Reuters) - When textile designer Anshu Murarka married earlier this month, her wedding trousseau had a laptop, a plasma television and mutual fund units besides seven gold coins, dainty gold chains, pendants and bracelets.
MUMBAI (Reuters) - India's main stock index rebounded 1.7 percent on Monday, led by Reliance Industries Ltd, after a rise in European equities helped shake off shaky sentiment.
NEW DELHI (Reuters) - India's communist parties, which provide crucial support to the ruling coalition, on Monday called for the immediate roll back of an increase in fuel prices announced earlier this month, saying it was hurting the poor.
NEW DELHI (Reuters) - The Congress-party led government will work to sustain high rates of economic growth while keeping prices under control, the country's president told lawmakers ahead of Friday's federal budget.
NEW DELHI (Reuters) - The government is likely to reduce some passenger fares and freight rates when it unveils annual plans for its huge rail network on Tuesday, moves which could ease rising inflation and help it at elections.
MUMBAI (Reuters) - Railway equipment makers and cargo firms want this year's Railway Budget to continue its proposed network expansion and modernisation as well as a cut in rail charges to match surging passenger and freight volumes.
Indian courier firm Gati announced Monday that it has signed an agreement with European parcel service major General Logistics Systems (GLS) to form a strategic alliance. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 10:30 am
The West Bengal government is trying to rope in some foreign experts to conduct a feasibility study for the proposed chemical hub at Nayachar Island in the East Midnapore district of West Bengal. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 10:30 am
MUMBAI (Reuters) - India, which recorded the fastest growth in genetically modified (GM) crop adoption globally, could attain food self sufficiency once it allows commercialisation of GM crops, the head of a global research body said on Monday.
With inclusive growth as the core strategy, India will sustain the high economic expansion seen since 2004 while keeping inflation in check, President Pratibha Patil told parliament Monday. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 10:02 am
The central government will hold discussions with 12 of Goa's special economic zone (SEZ) developers. The state government has recommended the scrapping of these SEZs. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 10:01 am
Axis Bank (formerly UTI Bank) has accepted a pricing and billing software solution prepared by Kerala's leading IT solutions company SunTec. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 10:01 am
TOKYO (Reuters) - Spot platinum bounced back on Monday after a round of profit taking ran its course, while gold climbed near the all-time high reached late last week on strong crude prices.
A two-day strike planned by 900,000 employees of all major banks in India to protest the proposed amalgamation of the State Bank of India (SBI) with its associates was called off Monday, much to the relief of customers and the financial system at large. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 9:31 am
Home Minister Kodiyeri Balakrishnan told Kerala's legislative assembly that the IT sector would create 100,000 new jobs in the state in the next three years. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 9:31 am
Railway Minister Lalu Prasad will present his ministry's budget for the next fiscal in the Lok Sabha Tuesday where the focus is expected to be on bringing new areas into the network without hiking passenger fares. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 9:30 am
As a group of ministers meet Tuesday to take a decision on pictorial warnings on all tobacco products, voluntary organisations are building pressure to introduce more effective warnings and save millions of lives. Source: IndiaeNews.com: Business News | 25 Feb 2008 | 9:30 am
MUMBAI (Reuters) - HDFC Bank, India's third-biggest by market value, offered $2.4 billion in shares for smaller Centurion Bank of Punjab in an attempt to bulk up ahead of the bank sector being opened to foreign competitors.
Japanese auto major Honda said on Monday it will be expanding dealership network across 90 cities in the country in the next three years. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 8:13 am
The All India Bank Officer's Association (AIBOA) have deferred their two-day strike till Monday afternoon when they will meet the Indian Banks Association (IBA). Source: IndiaeNews.com: Business News | 25 Feb 2008 | 8:03 am
The Bombay Stock Exchange benchmark Sensex gained 175 points in initial trade on Monday on buying in bluechips led by Reliance Power. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 5:39 am
Through a two-pronged move on Sunday, Anil Ambani tried to win back the confidence of millions of shareholders. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 1:32 am
Mumbai, Feb. 24 The issue of three free shares for every five RPower shares held “compensates” investors only if the bonus shares are given to the original IPO allottees of RPower, said a section of market players. “If I have ... Source: Business Line - Home Page | 25 Feb 2008 | 12:00 am
New Delhi, Feb. 24 Indian Energy Exchange (IEX) — the country’s first power bourse — has roped in leading global electricity exchange Nord Pool ASA for operational expertise to ensure that the kick-starting the exchange goes ... Source: Business Line - Home Page | 25 Feb 2008 | 12:00 am
Virgin Atlantic operated its first flight using bio-fuel on Sunday. The Boeing 747-400 aircraft flew from London Heathrow to Amsterdam. There were no passengers on board the demonstration flight.Addressing the media before the flight ... Source: Business Line - Home Page | 25 Feb 2008 | 12:00 am
The billion-dollar systems integration business (SI) of Germany-based T-Systems, which is up for grabs for over a year now, is in the last lap. Source: Daily News & Analysis: Money News | 24 Feb 2008 | 10:38 pm
As airlines try to counter soaring aviation turbine fuel prices, slowdown in demand and overcapacity, the spectre of credit crisis is hovering over them. Source: Daily News & Analysis: Money News | 24 Feb 2008 | 10:37 pm
Bhel and NPCIL are planning to float a joint venture to take up construction activities for nuclear power plants. Source: Daily News & Analysis: Money News | 24 Feb 2008 | 10:36 pm
A weary stock market enters one that it hopes will provide enough oxygen in the form of a populist, election-year Union Budget from finance minister P Chidambaram. Source: Daily News & Analysis: Money News | 24 Feb 2008 | 10:35 pm
An 18-month to two-year delay is expected in the Mumbai airport slum rehabilitation programme to find alternative land to relocate and resettle approximately 80,000 slum-dwellers, who have encroached Source: Business Standard | Front Page Headlines | 24 Feb 2008 | 6:47 pm
