Finance Minister P Chidambaram said on Monday that the Indian economy still faces the threat of rising inflation due to high food prices. Source: Zee News : Business | 3 Mar 2008 | 12:45 pm
ICICI Bank, India`s largest private sector bank, plans to open three more branches in the UK in the next six months and consolidate its global operations. Source: Zee News : Business | 3 Mar 2008 | 12:45 pm
Asian markets tumbled Monday morning as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news reawakened worries about a US recession. Source: Zee News : Business | 3 Mar 2008 | 12:45 pm
The Bombay Stock Exchange benchmark
Sensex plunged by 571 points in early trade on Monday on heavy
selling by funds triggered by weak global trend. Source: Zee News : Business | 3 Mar 2008 | 12:45 pm
British insurance major Aviva, which is one of the major firms outsourcing work to India, is considering selling two of its four companies in the South Asian country. Source: Zee News : Business | 3 Mar 2008 | 12:45 pm
India will bring down items in the negative list with regard to the least developed countries – Bangladesh, Nepal, Bhutan and Maldives – in the SAARC region to around 500 from 744, as it aims to expand trade in goods in the region. Source: Zee News : Business | 3 Mar 2008 | 12:45 pm
Anil Ambani-led Reliance Capital Ltd Monday joined hands with microfinance institutions (MFIs) in Maharashtra and Gujarat to deepen the penetration of microfinance at the grassroots level. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 12:02 pm
Anil Ambani group's financial services arm Reliance Capital on Monday launched its microfinance initiative here with tie-ups for two states. Source: Daily News & Analysis: Money News | 3 Mar 2008 | 12:01 pm
NEW DELHI (Reuters) - India's imports surged 64 percent to $22.5 billion in January from a year earlier, as state-run oil firms stacked up crude ahead of an increase in local fuel prices and firms shipped in capital goods to raise capacity.
MUMBAI (Reuters) - India's commodity futures regulator will urge the federal government for an immediate withdrawal of the Commodity Transaction Tax (CTT), proposed in the budget, a senior official told Reuters.
HELSINKI (Reuters) - The world's top mobile phone maker, Nokia Oyj, has won a patent case against U.S. chipmaker Qualcomm Inc in the UK High Court, the two companies said on Monday.
LONDON (Reuters) - Gold edged closer to $1,000 an ounce on Monday, setting a record high for the fourth straight day as the dollar tumbled and as crude oil held near an all-time high.
Global banking giant HSBC said Indian IT major Infosys' Chief Mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds. Source: Daily News & Analysis: Money News | 3 Mar 2008 | 11:12 am
VIENNA (Reuters) - Oil prices of more than $100 a barrel are unlikely to sway OPEC ministers meeting in Vienna this week into raising output, which they say is more than enough.
In what implies a Rs.1 billion ($25 million) hit on its balance sheet for the current quarter, leading wind power equipment-maker Suzlon Energy will refit wind turbine blades for a project in the US, the company said Monday. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 11:03 am
India's major farm irrigation equipment manufacturer Jain Irrigations Systems Ltd (JISL) has acquired 69.75 percent shareholding in Thomas Machines SA of Switzerland with full management and operational control. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 11:01 am
Non-life insurer TATA-AIG General Insurance Ltd has signed a deal in which it will offer travel insurance to low-cost carrier GoAir's passengers that includes compensating them for flight delays. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 11:00 am
Mumbai-based Murjani group, a leading global brand development firm, which owns the franchise for the US-based company Build-A-Bear Workshop is set to close all its retail-entertainments stores that sell customised stuffed toys. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 11:00 am
NEW DELHI (Reuters) - Animation firm Compact Disc India Ltd expects sales to jump 83 percent in 2008/09, helped by increased outsourcing business, its chairman told Reuters on Monday.
BANGALORE (Reuters) - Indian shares provisionally fell 5.34 percent on Monday, led by losses in Reliance Industries, with sentiment weighed down by a sell-off in global markets on growing fears of a recession in the United States.
After opening the day in the red Monday, the Indian equity markets plunged deeply despite Finance Minister P. Chidambaram saying there was no cause for worry. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 10:01 am
Tata Consultancy Service (TCS) Ltd and Nokia Siemens Networks have entered into a multimillion-euro agreement for jointly research and develop telecom products at Nokia Siemens' Dusseldorf centre in Germany. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 10:00 am
The city's new international airport, scheduled to start commercial operations March 16, Monday announced that it would not levy user development fees (UDF) from domestic passengers. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 10:00 am
India could face an acute crisis in edible oil resulting from a switchover to bio-fuels, a top industry official said Monday. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 9:00 am
In a bid to accelerate the South Asian Free Trade Agreement (Safta), India will let 244 additional items to be freely traded with least developed countries in the region. Source: IndiaeNews.com: Business News | 3 Mar 2008 | 9:00 am
DUBAI (Reuters) - Dubai International Capital (DIC), an investment firm owned by the ruler of Dubai, said it plans to make "big" acquisitions in India, adding to the $1 billion already invested in the second-most populous nation.
MUMBAI (Reuters) - India's gold market saw new highs on Monday on bullish foreign markets and a weaker rupee, with scrap sales intensifying as consumers cashed in their bullion holdings.
The benchmark Sensex tumbles 571.75 points to touch a low near 17K level while Nifty slipped over 3 per cent on strong profit booking interest across the sector. Source: Daily News & Analysis: Money News | 3 Mar 2008 | 8:37 am
NEW DELHI (Reuters) - Inflation in India is still a threat because of high food prices, the finance minister said on Monday, as he promised to consider policy intervention if growth slowed in any industrial sector of the $1 trillion economy.
Unperturbed over fall in the stock markets, Finance Minister P Chidambaram said the downslide reflected happenings in the world market. Source: Daily News & Analysis: Money News | 3 Mar 2008 | 5:18 am
The great Indian middle class is an abused lot, at least when it comes to paying income tax. Source: Daily News & Analysis: Money News | 3 Mar 2008 | 4:04 am
Both Indian agriculture and the farmers are ailing. Growth rate in the agriculture sector has been a poor 2.6 per cent while the GDP is around 8.7 per cent and industrial and service sectors have touched double digit growth rates. During the ... Source: Business Line - Home Page | 3 Mar 2008 | 12:00 am
Chennai, March 2 Gold continued its glittering run last week, gaining 3 per cent and towards the weekend, it was almost in a galloping mood. Helping gold were factors such as the four-month high inflation witnessed by the US, fall of the ... Source: Business Line - Home Page | 3 Mar 2008 | 12:00 am
We recommend a buy in Aurobindo Pharma from a short-term perspective. Form the stock’s life high of Rs 820 (touched in July 2007) Aurobindo Pharma has been on a long-term downtrend as is evident form the charts. However, the stock halted at ... Source: Business Line - Home Page | 3 Mar 2008 | 12:00 am
The impact of the impending Sixth Pay Commission recommendations is expected to be within 0.4 per cent of Gross Domestic Product (GDP), according to Finance Secretary D Subbarao. ?? Source: Business Standard | Front Page Headlines | 2 Mar 2008 | 11:04 pm
The market took support around 5,100-5,200 levels thrice in last two weeks amidst volatility. Nifty made a high of 5,381 on intra-day basis but could not sustain closing the week. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 10:40 pm
Sunflag Iron & Steel Company Ltd (Sunflag) part of the Sunflag group has been steadily expanding capacities to de-bottleneck its existing facilities as also increase its product range. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 10:38 pm
Four years later, they face a similar predicament, with the finance minister making a seemingly harmless move to change the way STT is treated in the budget. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 10:37 pm
A day after the automobile industry basked in glory of Budget sops, some questions have begun to emerge. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 10:36 pm
Budget 2008-09 is, perhaps, yet another indicator that vacation of unused spectrum by the defence forces, which can be re-allocated to mobile phone service providers, is still some time away. Source: Daily News & Analysis: Money News | 2 Mar 2008 | 10:34 pm
