India`s main stock index opened 0.84% higher on Tuesday, led by gains in Reliance Industries and HDFC Bank. Source: Zee News : Business | 26 Feb 2008 | 12:49 pm
Tata Communications on Tuesday
has expanded its virtual private network (VPN) services to
Chin, in a bid to offer additional reach to its international
and Indian customers. Source: Zee News : Business | 26 Feb 2008 | 12:49 pm
Presenting his fifth consecutive Railway Budget, Lalu Prasad Yadav announced a record surplus Balance Sheet of Rs 25,000 crores for Year 2007-08. He said the Railways had made a profit of Rs 68,778 crores in the last five years and paid the government Rs 15,000 crores. Source: Zee News : Business | 26 Feb 2008 | 12:49 pm
US automaker Ford Motor Co could announce as early as late next week the sale of its luxury Jaguar and Land Rover brands to Indian carmaker Tata Motors, said a source familiar with the matter. Source: Zee News : Business | 26 Feb 2008 | 12:49 pm
Power equipment supplier Bharat
Heavy Electricals Ltd on Tuesday has bagged a Rs 1,075
crore order for setting up a 350MW power plant in Gujarat. Source: Zee News : Business | 26 Feb 2008 | 12:49 pm
Anil Ambani Group firm Reliance
Energy on said its board will consider buyback of shares at
a meeting to be held on March 5. Source: Zee News : Business | 26 Feb 2008 | 12:49 pm
REUTERS - The Congress party-led coalition will present its fifth budget on Feb. 29, which is expected to focus on farms, education, health care and tax reforms, and unveil medium-term measures to contain inflation.
COLOMBO (Reuters) - After a sharp downturn earlier this year as civil war flared, Sri Lanka's stock market is recovering thanks to an unlikely tonic -- tea.
MUMBAI (Reuters) - Indian shares rose 0.9 percent on Tuesday to their highest close in a week, led by Infosys Technologies and Reliance Industries, taking cues from firmer global markets and hopes for an investor-friendly budget on Friday.
NEW DELHI (Reuters) - India will simplify rules to induct new wagons in the railways and allow manufacturers to import technologies and designs, the railways minister said on Tuesday.
NEW DELHI (Reuters) - State-run oil retailers are expected to save around 930 million rupees a year from 5 percent cuts to petrol and diesel freight rates announced in Tuesday's rail budget.
NEW DELHI (Reuters) - The government on Tuesday cut rail passenger fares and freight rates and unveiled a major push to modernise its huge network as it tries to woo voters ahead of a general election and bolster a fast-growing economy.
MUMBAI (Reuters) - India has been stepping up its subsidies on food and fuel by issuing special bonds that do not appear in the budget, a practice that analysts say risks pushing up interest costs and bond yields.
The opposition said it was disappointing, the Congress welcomed it as 'excellent' and the Left termed it mixed. The reaction to Railway Minister Lalu Prasad's fifth budget on the trot Tuesday was on expected party lines - with some leaders viewing it from the prism of their respective states. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 11:00 am
Construction on the dedicated eastern and western freight corridors will start in the upcoming fiscal, Railway Minister Lalu Prasad announced while presenting the Railway Budget 2008-09 in the Lok Sabha Tuesday. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 11:00 am
India is creating the next wave of management thinking with micro-level multinationals of the country making global operations possible without relying on foreign direct investment, noted management guru C.K. Prahalad has said. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:32 am
Following are the highlights of the Railway Budget 2008-09, presented in the Lok Sabha Tuesday by Railway Minister Lalu Prasad: Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:31 am
Following are the highlights of the Railway Budget 2008-09, presented in the Lok Sabha Tuesday by Railway Minister Lalu Prasad: Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:31 am
With marginal cuts in freight and passenger fares and with a cash profit of Rs.250 billion for this fiscal, Railways Minister Lalu Prasad presented his fifth budget Tuesday, adding another chapter to the dramatic turnaround story of the Indian Railways. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:30 am
Software major Infosys Technologies Ltd has partnered with ACDI/VOCA, a non-profit international development organisation, to develop an information and communication technology (ICT)-enabled application to improve the agro supply chain in India. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:03 am
Following are the highlights of the Railway Budget 2008-09, presented in the Lok Sabha Tuesday by Railway Minister Lalu Prasad: Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:02 am
Anil Ambani promoted Reliance Energy Tuesday said its board will consider buying back the company's shares at a meeting to be held March 5. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:02 am
The Indian railway system, in a bid to become more people-friendly, will be implementing modern communications systems such as the global information system (GIS), global positioning system (GPS) and radio frequency identification (RFID), Railway Minister Lalu Prasad said while presenting the Railway Budget 2008-09 in the Lok Sabha Tuesday. Source: IndiaeNews.com: Business News | 26 Feb 2008 | 10:01 am
TOKYO (Reuters) - India's No.3 software services exporter Wipro Ltd said on Tuesday it aimed to tie up with Japanese firms and may consider M&A, highlighting Indian software firms' growing desire to get into the Japanese market.
Anil Ambani group's Reliance Energy Ltd on Tuesday said it will consider buyback of shares at a meeting next month. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 9:02 am
MUMBAI (Reuters) - Demand for gold subsided on Tuesday after moderate sales the previous day, with easing prices raising hopes of bigger falls, dealers said.
The Bombay Stock Exchange benchmark Sensex gained 149 points in early trade today on sustained buying in stocks led by those of cement manufacturing firms. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 7:45 am
Canada's Samco Machinery Ltd will supply six auto components for the world's cheapest car Tata Nano, the company's Chief Executive Joe Repovs has said. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 6:25 am
Century Textile & Industries (CTlL), the flagship of the Rs3,000-crore B K Birla Group, plans to foray into denims and casual wear. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 1:26 am
The new Securities and Exchange Board of India (Sebi) dispensation under chairman C B Bhave looks all set to carry on from where M Damodaran left off. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 12:23 am
Hindustan Electro Graphites Ltd (HEG), a graphite electrode manufacturer, expects to achieve a capacity of 58,000 tonnes by the next fiscal. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 12:14 am
Mergers between banks aren't a common occurrence, but when they do occur, people and culture issues tend to overshadow the technological integration process. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 12:11 am
The depreciation of the US dollar has been closely bound up with the movement of oil prices, as world oil trade is typically denominated in dollars. Yet this relationship may now be under threat as the dollar continues to depreciate and the US econom y tips into recession. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh examine how oil prices have changed with different numeraires, and consider the implications for the future of the oil-dol lar nexus. Source: Business Line - Home Page | 26 Feb 2008 | 12:00 am
We recommend a buy in Alstom Projects India from a short-term perspective. From the charts, we see that the stock met with a key resistance level at around Rs 1,085 in early January and began to decline. The stock’s downtrend continued up ... Source: Business Line - Home Page | 26 Feb 2008 | 12:00 am
Mumbai, Feb. 25 The proposed two-day bank strike was called off on Monday after the representatives of bank management and unions agreed to set a timeframe for resolving the contentious issues. The Indian Banks’ Association and ... Source: Business Line - Home Page | 26 Feb 2008 | 12:00 am
Kolkata, Feb. 25 IT stocks were up today on a relief rally. HCL Infosystems gained over 5 per cent. HCL Tech went up around 4 per cent. Wipro was up more than 4 per cent. Infosys moved up by 2.11 per cent. Satyam Computer gained 2.62 per ... Source: Business Line - Home Page | 26 Feb 2008 | 12:00 am
As chairman and managing director of Bharat Forge, Baba Kalyani works closely with some of the biggest global automobile brands. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 11:29 pm
This will, in turn, put pressure on sectors such as automotive and white goods which consume steel as a major raw material. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 11:22 pm
Taking a sentimental cue from the bonus issue powered Reliance Power, the benchmark indices rallied, and the BSE Sensex gained 301 points to end the day at 17650. Source: Daily News & Analysis: Money News | 25 Feb 2008 | 11:19 pm
Renaissance Technologies, the world's largest hedge fund firm handling assets worth $35.4 billion (Rs 1,41,600 crore), has received approval from the Securities and Exchange Board of India (Sebi) to Source: Business Standard | Front Page Headlines | 25 Feb 2008 | 6:41 pm
