Brokerage firm Indiabulls Securities Ltd, which was spun-off from flagship Indiabulls Financial Services Ltd last year, is expected to list next month, a senior company official said on Thursday. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Microsoft Corp.`s big bet on Facebook`s online social network isn`t stopping Chairman Bill Gates from promoting other popular Internet hangouts.
Gates is helping out LinkedIn Corp.`s online professional network by setting up a profile on the service and posing a question to help draw more attention to a makeover of the Web site`s front page. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Honda Motor is staying out of the race to develop ultra-cheap cars, hoping motorists in markets like India will pay more for safer, greener vehicles, its president said on Wednesday. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
China`s consumer inflation will hit 6.9 percent in the first quarter of this year, up from 6.6 percent in the fourth quarter of 2007, state media said Thursday, citing a key state think tank. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Google, already the world`s most popular spot for finding websites, is aiming to become the go-to place for creating websites too. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
India is doing excellent work when it comes to policies for creating the right climate for doing business, according to a senior economist of the World Bank. Source: Zee News : Business | 28 Feb 2008 | 1:20 pm
Electricity production in India grew at just 6.6 percent during April-Dec 2007 compared to 7.5 percent growth recorded during the same period the previous year, the Economic Survey for 2007-08 has reported. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 10:30 am
India's working people of 15-64 years will increase from 62.9 percent of the population in 2006 to 68.4 percent in 2026, enabling the country to harness demographic dividends, the Economic Survey for 2007-08 said Thursday. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 10:30 am
MUMBAI (Reuters) - India's main stock index provisionally ended 0.23 percent higher on Thursday, led by Housing Development Finance Corp and Bharat Heavy Electricals Ltd.
MUMBAI (Reuters) - India's gold demand was low on Thursday despite a dip in prices as buyers waited for the metal to ease further so they could cover short positions, dealers said.
State-owned power generator NTPC Ltd said Thursday it will borrow 68.56 million euro ($100 million or Rs.4 billion) from multilateral financial institution Nordic Investment Bank (NIB) to meet its capital expenses. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 10:02 am
Foreign direct investment (FDI) into India has continued to rise, pegging a growth of over 150 percent in 2006-07, even as investments by Indian companies in overseas firms narrowed the gap over FDI inflows, the Economic Survey for 2007-08 said Thursday. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 10:02 am
India has grown into a trillion dollar economy with an anticipated growth of 8.7 percent for this fiscal even as poor infrastructure, rupee appreciation, inflation, lower export growth, failing farm growth and US slowdown pose some major challenges, says the official Economic Survey. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 10:02 am
NEW DELHI (Reuters) - India's air carriers are likely to buy 250 aircraft in the next five years, the federal finance ministry said in its economic survey and added the country has approved in principle the import of 496 planes.
The strengthening of the rupee, which appreciated about 14 percent against the US dollar in the last one year, had adversely affected Indian exports, the Economic Survey for 2007-08 confirmed Thursday. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 10:00 am
India's benchmark inflation rate will remain at over 4 percent for fiscal 2007-08, Finance Minister P. Chidambaram said, adding that efforts would continue to bring down prices. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 9:31 am
Acquisition of land for developing special economic zones (SEZ) continues to be a cause of concern, said the Economic Survey for 2007-08. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 9:30 am
NEW DELHI (Reuters) - Keeping India's economic growth at about 9 percent a year will be a challenge due to inflation and infrastructure constraints, and lifting it higher will be even harder, a finance ministry report said on Thursday.
Coming down heavily on bureaucrats for their inability to deliver high quality services, the Economic Survey for 2007-08 Thursday said they should shed activities that were best left to the private sector. Source: IndiaeNews.com: Business News | 28 Feb 2008 | 8:31 am
The salient points of the Economic Survey for 2007-08 presented by Finance Minister P. Chidamabaram in the Lok Sabha Thursday: Source: IndiaeNews.com: Business News | 28 Feb 2008 | 8:31 am
Economic Survey on Thursday cautioned that the global slowdown, particularly in the US, will impact India's export growth in 2008-09. Source: Daily News & Analysis: Money News | 28 Feb 2008 | 8:11 am
NEW DELHI (Reuters) - India may add 10 percent less power capacity than a targeted 12,039 mega watt (MW) in the 2007/08 fiscal year that ends on March 31, the finance ministry said in its annual economic survey on Thursday.
Following are the highlights of pre-Budget Economic Survey 2007-08 presented in Parliament on Thursday... Source: Daily News & Analysis: Money News | 28 Feb 2008 | 7:48 am
NEW DELHI (Reuters) - A surge in revenue collections from a fast-growing economy could help India cut its federal deficit to 3 percent of GDP in the year ending March 2009 but wiping out the revenue deficit by then remains a challenge, a finance ministry report said on Thursday.
Speaking to reporters after tabling Economic Survey 2007-08 in the Parliament, Chidambaram said that he was confident of achieving 11th Plan target of 9 per cent growth. Source: Daily News & Analysis: Money News | 28 Feb 2008 | 7:31 am
Banks should provide 'adequate credit at a reasonable cost', vindicating the rate cuts announced by the public sector lenders last fortnight. Source: Daily News & Analysis: Money News | 28 Feb 2008 | 7:25 am
NEW DELHI (Reuters) - Loan growth in India slowed sharply to the first week of January and further deceleration of credit will hit the country's economic growth, the finance ministry said in a survey on Thursday.
NEW DELHI (Reuters) - India is confident of achieving average 9 percent annual growth up to the fiscal year 2011/12 while containing inflation, Finance Minister Palaniappan Chidambaram told reporters on Thursday.
Inflationary impact of foreign funds flow, a slowdown in the US, an appreciating rupee and sluggish infrastructure sector were major challenges before the economy. Source: Daily News & Analysis: Money News | 28 Feb 2008 | 7:12 am
NEW DELHI (Reuters) - India will need investment of $500 billion to $515 billion up to the fiscal year 2011/12 to upgrade its infrastructure if it wants to maintain growth of close to 9 percent, a finance ministry report said on Thursday.
The government has sounded a word of caution to investors, with the pre-budget Economic Survey asking them to resist the 'herd mentality'. Source: Daily News & Analysis: Money News | 28 Feb 2008 | 7:04 am
NEW DELHI (Reuters) - Inflation in India should remain moderate in the coming months due to policy measures taken over the last year, the finance ministry said in its annual economic survey on Thursday.
The Sensex moved up by 96 points in early trade on Thursday with heavyweight stocks, led by construction segment, attracting investors. Source: Daily News & Analysis: Money News | 28 Feb 2008 | 5:46 am
We recommend a buy in Power Grid Corporation of India from a short-term perspective. It is evident from the charts of the company that the stock has been on an intermediate-term downtrend from its 52-week high of Rs 167 marked on November 19, ... Source: Business Line - Home Page | 28 Feb 2008 | 12:00 am
The stock is experiencing selling pressure at higher levels. Fresh short position can be initiated if the stock declines below the support level of Rs 1,100.Infosys The stock is beginning to lose its bullish ... Source: Business Line - Home Page | 28 Feb 2008 | 12:00 am
Supreme Court on Wednesday directed the sugar mill owners in Uttar Pradesh to pay between Rs 115 and Rs 123, Rs 2 short of the state approved rates. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 11:53 pm
The estimated global iron ore reserves stand at 800 billion tones, of which 230 billion tonnes are with China, Brazil, Australia and India. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 11:50 pm
With spectrum allocation likely in the next six to nine months, the Indian telecom sector is expected to see increased activity from new entrants. Source: Daily News & Analysis: Money News | 27 Feb 2008 | 11:47 pm
A 111-year-old law is one of the key options the government could invoke to handle the challenges arising out of the possible denotification of three Special Economic Zones (SEZs) in Goa. ?? Source: Business Standard | Front Page Headlines | 27 Feb 2008 | 6:50 pm
Nasdaq, one of the largest electronic equity exchanges in the US, is in talks with the Ahmedabad Stock Exchange (ASE), India's second-oldest exchange, and a couple of other regional stock exchanges Source: Business Standard | Front Page Headlines | 27 Feb 2008 | 6:50 pm
Rules for advance pricing arrangements are likely to be introduced in India with an eye on reducing transfer pricing litigation between corporations and tax authorities. ?? Source: Business Standard | Front Page Headlines | 27 Feb 2008 | 6:49 pm
A walk down the narrow alleys in east Delhi's Patparganj area will reveal many shacks where thousands of liquefied petroleum gas (LPG) cylinders, meant for domestic consumption, are illegally sold at Source: Business Standard | Front Page Headlines | 27 Feb 2008 | 6:49 pm
