Gold prices zoomed past all previous records to set a new peak of Rs 12,415 per ten gram at open on Wednesday as stockists indulged in enlarging their positions on firm global cues. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 12:05 pm
Google`s stock price sank Tuesday in the wake of a report hinting that boom times may be over for the Internet darling`s money-making online advertising. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
The Bombay Stock Exchange benchmark
Sensex gained 277 points in early trade on Wednesday on heavy buying
by funds, tracking the global trend. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
Venture investors and private equity firms are competing for the same deals in China and India, looking to avoid risk by funding companies that are selling products rather than untested ideas, venture capitalists said at a conference on Tuesday. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
Wall Street reversed earlier losses and rallied Tuesday after IBM approved a USD 15 billion stock buyback, suggesting to investors that there are still some companies out there with financial muscle. The Dow Jones Industrial Average rose more than 110 points. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
Oil continued its rally on Wednesday, after crossing a new peak in the previous session, as lacklustre US economic data forced the US dollar into a deeper slump, sparking a surge across commodities markets. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
The rupee climbed smartly on Wednesday as dealers anticipated a spurt of foreign buying of equities and other assets, and as the prospect of more rate cuts by the US Federal Reserve knocked the dollar lower. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
Neither Microsoft Corp nor Yahoo Inc wants to blink first in the software giant`s proposed USD 41.7 billion takeover of the Web pioneer but as the gamesmanship drags on, archrival Google Inc, the merger`s raison d`etre, is the biggest beneficiary. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
It`s a toxic economic mix the nation hasn`t seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
Gold roared above USD 955 an ounce on Wednesday to its highest level ever, with investors pouring money into the metal after oil hit a record above USD 101 a barrel and the US dollar tumbled against other currencies. Source: Zee News : Business | 27 Feb 2008 | 12:00 pm
Birla Sun Life Asset Management Company Ltd on Wednesday appointed Anil Kumar as their new Chief Executive Officer. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 11:36 am
MUMBAI (Reuters) - Indian shares barely held gains on Wednesday as investors took fright from a slide in European markets and pared an early rise of 1.9 percent, while export-led software stocks slid as the rupee rose against the dollar.
MUMBAI (Reuters) - The Supreme Court, in an interim order, has told millers in Uttar Pradesh to pay a higher price to farmers for sugarcane, a move that hammered share prices of some private millers in the state.
(Corrects quote in second paragraph after company changes compounded growth forecast to 20 percent from 21 percent and withdraws growth projection for 2008, also changes day in first paragraph to Wednesday from Monday)
The gem and jewellery industry, the second highest foreign exchange earner in the country, has demanded a cut in duties on coloured gems and zircons to make India an international jewellery trading centre. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 11:01 am
The bilateral trade between India and Germany is expected to rise to touch $30 billion mark by 2010, Consulate General of the Federal Republic of Germany Guenther Wehrmann said here Wednesday. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 11:00 am
The Union Bank of India (UBI) will install an anti-money laundering software provided by IT solutions company 3i Infotech, it was announced Wednesday. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 11:00 am
NEW DELHI (Reuters) - Finance minister, preparing a budget for the fast-expanding economy, faces the twin test of providing much needed support for a stagnant farm sector while countering the impact of soaring food prices.
MUMBAI (Reuters) - Shares in companies with high dividend payouts are seen as good investment in the current depressed scenario as investors look to protect their capital, analysts said on Wednesday.
NEW DELHI (Reuters) - India's oil refinery runs grew 5.3 percent in January from a year earlier as state-run firms stepped up processing to meet local demand, which rose 4.3 percent ahead of an expected fuel price hike.
Despite housing being the state's responsibility, the share of public sector housing finance companies has dipped from 10.19 percent in 2001-02 to 2.63 percent in 2005-06, says India's official auditor. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 10:32 am
The booming realty sector wants a status equal to telecom and aviation with amendments in the foreign direct investment guidelines to boost construction and infrastructure development in the country. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 10:32 am
BANGALORE (Reuters) - India's top biotechnology firm, Biocon Ltd, is looking at overseas acquisitions for about $10 million to boost its sales globally and gain access to innovative drugs, its chairman said on Wednesday.
The Indian personal computer (PC) market crossed 6.5 million shipments, while laptop sales doubled to nearly 1.8 million units in 2007, said IT research firm IDC India. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 10:02 am
Global learning solutions firm Aptech has garnered four awards for franchising at the prestigious Indian Franchising Awards 2008 in New Delhi, the company said here Wednesday. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 10:01 am
Tripura Chief Minister Manik Sarkar Wednesday welcomed the railway budget as it provided many sops for the northeastern states. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 10:00 am
Consumer demand is expected to receive a major thrust with the likelihood of Finance Minister P. Chidambaram scissoring income tax limits in the upcoming budget of 2008-09, a leading industry chamber said Wednesday after a survey of chief executives. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 10:00 am
LONDON (Reuters) - Oil powered to a new record above $102 a barrel on Wednesday, closing in on its inflation-adjusted peak, as a slumping dollar on lacklustre U.S. economic data triggered a surge across commodities markets.
MUMBAI (Reuters) - India's gold demand shrank on Wednesday as global prices soared to new records on a weak dollar and high crude oil prices deterring buyers, dealers said.
SINGAPORE (Reuters) - Gold roared above $960 an ounce on Wednesday to its highest level ever, with investors pouring money into the metal as oil hit another record above $101 a barrel and the U.S. dollar tumbled against other currencies.
A report on the state of India's economy with suggested policy prescriptions in areas ranging from government finances to external trade will be tabled in parliament Thursday by Finance Minister P. Chidambaram. Source: IndiaeNews.com: Business News | 27 Feb 2008 | 7:31 am
Want a home loan for your dream house? Chances are that banks may misplace your house documents, leaving you high and dry. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 5:54 am
The Bombay Stock Exchange benchmark Sensex on Wednesday closed flat as investors acted cautiously ahead of the Budget 2008-09. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 5:00 am
We recommend a buy in Bartronics India from short-term perspective. From the charts of Bartronics India we see that the stock has been consolidating in the range between Rs 200 and Rs 285 since mid September 2007. The stock had been on a ... Source: Business Line - Home Page | 27 Feb 2008 | 12:00 am
France Telecom-owned Orange Business Services has finalised a joint venture partnership with Indian storage devices manufacturer Moser Baer Ltd to foray into the long distance telephony segment. The company is awaiting clearance from the ... Source: Business Line - Home Page | 27 Feb 2008 | 12:00 am
In the past four years, Indian Railways transported an additional 233 million tonnes (mt) of originating freight traffic and in the next four years, it proposes to handle an additional 310 mt. How it is going to be achieved is not clear from ... Source: Business Line - Home Page | 27 Feb 2008 | 12:00 am
Reliance Energy Ltd said on Tuesday that the company’s board would consider buyback of shares at a meeting to be held on March 5.A company official said that the company was having cash reserves of over Rs 10,000 crore and the ... Source: Business Line - Home Page | 27 Feb 2008 | 12:00 am
The global economy must be rescued from bankers. And bankers must be rescued from themselves. That just about might sum up a cynical view of the plight of governments and central banks as they struggle to deal with the worst crisis to hit ... Source: Business Line - Home Page | 27 Feb 2008 | 12:00 am
Chennai, Feb. 26 Turnover improved further to Rs 56,515.59 crore in the F&O segment on the NSE on Tuesday against Monday’s turnover of Rs 51,314 crore. Rollover was healthy at 54 per cent for Nifty future while the market-wide ... Source: Business Line - Home Page | 27 Feb 2008 | 12:00 am
With a freight target of 850 million tonnes (freight earnings of Rs 53,000 crore) and gross traffic receipts of Rs 82,000 crore, it's a very 'euphoric' budget. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 11:13 pm
Railway minister Lalu Prasad Tuesday proudly claimed that his is a better than Fortune 500 enterprise with a surplus that far exceeds that of many companies on the list. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 11:12 pm
The civil aviation ministry has agreed to pump in another Rs 715 crore into the modernisation of the Delhi International Airport. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 11:11 pm
Two days after announcing a bonus for Reliance Power, it is the turn of Anil Ambani's flagship company Reliance Energy to announce a move to restore confidence among investors. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 11:10 pm
Industry sources say that there are a number of such deals where brakes have been slammed in the last minute due to the recent stock market meltdown. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 11:09 pm
HDFC Bank, whose merger with Centurion Bank of Punjab will see it steer past ICICI Bank in number of branches, could again fall back by March-end. Source: Daily News & Analysis: Money News | 26 Feb 2008 | 11:08 pm
