The state-run Heavy Engineering Corp (HEC), set to post profit for the second successive year, will be worth Rs 40 billion in the next four years, a top official has said. Source: Zee News : Business | 2 Mar 2008 | 12:35 pm
To make India its business hub, global leader in organising exhibitions and conferences - Reed Exhibitions will acquire at least 12 new brands over the next three years in the country at an investment of USD 50 million. Source: Zee News : Business | 2 Mar 2008 | 12:35 pm
OPEC, whose member countries together pump 40 percent of the world`s oil, was expected to maintain its official output ceiling on Wednesday as crude prices trade at record highs above 100 dollars. Source: Zee News : Business | 2 Mar 2008 | 12:35 pm
Despite uncertainty over the nuclear deal, India and the US Friday agreed on "a series of time-bound actions" that will bring the level of their high technology trade in tune with their growing strategic partnership. Source: Zee News : Business | 2 Mar 2008 | 12:35 pm
The Doha round of world trade talks could still be concluded by year`s end, the head of the World Trade Organisation said Saturday, despite a European warning of a "high risk of failure." Source: Zee News : Business | 2 Mar 2008 | 12:35 pm
The Foreign Direct Investment limit in the defence sector needs to be increased to 49 percent from the current 26 percent to facilitate the flow of investment and technological know-how, industry body Assocham has said. Source: Zee News : Business | 2 Mar 2008 | 12:35 pm
MUMBAI (Reuters) - Virgin Mobile, a unit of British communications group Virgin Media, has launched youth-focused services in India through telecom operator Tata Teleservices, officials from the companies said on Sunday.
Buoyed by success in Indian sectors, Finnair proposes to start flights from Chennai later this year. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 11:31 am
Emergency Management Research Institute (EMRI), a leader in emergency response services, has signed a knowledge sharing agreement with the City of Austin in Texas, one of the best performers in running the '911' emergency. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 11:31 am
India is becoming a hot destination for outsourced e-publishing work since the country's firms are charging a sixth of the prices prevailing in the West, an seminar organised by Confederation of Indian Industry (CII) has found. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 11:31 am
The television channels are good taxpayers giving to the exchequer more than one-third of their pre-tax profits, much higher than the industry average of about 20 per cent. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 10:39 am
The Jharkhand government is yet to respond to union Power Minister SushilKumar Shinde's suggestion to hand over an ailing plant to India's largest power generator NTPC Ltd for a turnaround. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 10:32 am
Chhattisgarh will invest Rs.5 billion to set up four industrial areas on a total of 6,814 hectares to meet increasing demand of land for industry in the mineral-rich state, official sources said. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 10:32 am
RBI unveils IT vision for 2008-10 Sify - 2 hours ago Mumbai: Information Technology will continue to play a dominant role over the next three years in streamlining operations in the financial and banking sector, already the largest user of IT and ITES, in customer centric operations.
NEW DELHI (Reuters) - Following are excerpts from a Reuters interview with Finance Minister Palaniappan Chidambaram on Sunday, two days after he announced his 2008/09 budget.
NEW DELHI (Reuters) - The rupee is unlikely to appreciate as sharply this year as last year, when its gains were "extraordinary", and the economy will grow close to 9 percent, the finance minister told Reuters on Sunday.
The government is looking to spend close to Rs 1,880 crore in the next fiscal, up by over 30 per cent from 2007-08, on new offices, residential and other buildings. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 7:52 am
Finance Minister P Chidambaram sought to allay apprehensions that the Rs 60,000 crore farmers' package will lead to collapse of the cooperative and scheduled commercial banks. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 7:17 am
Hero Honda, which slashed prices across its various models after the excise duty cut announced in the Budget, expects better sales in coming months courtesy the overall policy. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 6:29 am
Public sector Bharat Heavy Electricals Limited (BHEL) has bagged two orders worth Rs 2,968 crore. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 6:02 am
The state-run Heavy Engineering Corp (HEC), set to post profit for the second successive year, will be worth Rs.40 billion in the next four years, a top official has said. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 6:00 am
Information Technology will continue to play a dominant role over the next three years in streamlining operations in the financial and banking sector. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 6:00 am
Kinetic Engineering raises Rs 100 crore Times of India - 6 hours ago NEW DELHI: Global asset management firm AIG has picked 14.5 per cent in Kinetic Engineering, which has just completed a Rs 100-crore fund raising programme.
Entrepreneur Parvez Damania shocked his friends when he went into the aviation business days after the government ended its monopoly in the sector in the mid-1990s. And once again he has surprised them by venturing into Bollywood as a producer. Source: IndiaeNews.com: Business News | 2 Mar 2008 | 3:30 am
New Delhi, March 1 Domestic flying could become more expensive in the next few days. With aviation turbine fuel (ATF) prices increasing by more than Rs 2,300 per kilolitre at the four metro cities, some airlines plan to pass on the burden to ... Source: Business Line - Home Page | 2 Mar 2008 | 12:00 am
Imagine this scenario. Your maid borrows Rs 50 to buy rations. The shopkeeper says there is no stock, and she goes back disappointed. That the Rs 50 is spent on something else is another story. At the end of the month, her rations remain ... Source: Business Line - Home Page | 2 Mar 2008 | 12:00 am
A majority of the industry believes that it is worth sharpening its focus on the vast untapped rural market after the Budget proposal. Source: Business Line - Home Page | 2 Mar 2008 | 12:00 am
The excise duty reduction on pharmaceuticals is unlikely to have any effect on the prices of medicines as the government has, in a parallel move, decided to cut the abatement rate for calculation of Source: Business Standard | Front Page Headlines | 1 Mar 2008 | 6:32 pm
Inder Jain, Chairman of Anupam Housing group, a real estate company in Agra, has been busy attending calls since the Budget was announced on Friday. He has already received a dozen enquiries from Source: Business Standard | Front Page Headlines | 1 Mar 2008 | 6:32 pm
The exclusion of petroleum and natural gas from the broad category of ?mineral oil? has put players in the oil and gas sector in a tizzy.?? Source: Business Standard | Front Page Headlines | 1 Mar 2008 | 6:31 pm
A day after presenting his fifth Budget in the UPA government, Finance Minister P Chidambaram said budgets did not win elections, unless they were properly marketed. In a detailed interview on Source: Business Standard | Front Page Headlines | 1 Mar 2008 | 6:30 pm
PRETORIA (Reuters) - A Doha trade deal can be done but ministers will only be called to a meeting to discuss a text if the moment is right, the head of the World Trade Organisation said on Saturday.
A call centre started functioning Saturday to provide information on the features and facilities of the new international airport at Hyderabad that is scheduled to commence commercial operations March 16. Source: IndiaeNews.com: Business News | 1 Mar 2008 | 5:30 pm
A day after Finance Minister P. Chidambaram waived bank loans to small farmers in the annual budget, Agriculture Minister Sharad Pawar said here Saturday that farmers need not pay back loans taken from 'unauthorised' moneylenders either. Source: IndiaeNews.com: Business News | 1 Mar 2008 | 4:31 pm
Haldia Petrochemicals Ltd (HPL), a showpiece joint venture project of the West Bengal government, is worried over the proposal in the union budget to re-impose five percent import duty on naphtha. Source: IndiaeNews.com: Business News | 1 Mar 2008 | 4:30 pm
MUMBAI(Reuters) - India's top vehicle maker Tata Motors Ltd on Saturday lowered prices of commercial vehicles and some car models, effective immediately, following a government plan to cut tax on cars and commercial vehicles.
Tata Motors said it has commenced sales of its latest passenger vehicle offering, Sumo Grande, in the domestic market. Source: Daily News & Analysis: Money News | 1 Mar 2008 | 12:42 pm
BSNL has introduced a scheme of personal accident insurance for all its customers with Rs 50,000 coverage, telecom major's Chief General Manager (NE-1) A K Gupta said. Source: Daily News & Analysis: Money News | 1 Mar 2008 | 12:31 pm
HELSINKI (Reuters) - Telecom network gear maker Nokia Siemens Networks said on Saturday it has agreed to outsource some of its research and development operations to India's Tata Consultancy Services
Individuals paying for the medical health insurance of their parents would be eligible for increased tax rebate, according to a proposal in Budget 2008-09. Source: Daily News & Analysis: Money News | 1 Mar 2008 | 11:32 am
