MUMBAI (Reuters) - ICICI Bank, India's largest private-sector bank, said investment losses caused by market turmoil in the wake of the subprime crisis could wipe up to 9 percent off this year's profit.
MUMBAI (Reuters) - The head of India's top explorer, Oil and Natural Gas (ONGC), said his firm's gas fields in the Krishna Godavari basin off the country's east coast are estimated to hold gas reserves of up to 6.76 trillion cubic feet.
MUMBAI (Reuters) - The government will decide in two weeks if Cairn India Ltd, a unit of UK explorer Cairn Energy Plc, will be allowed to recover the cost of laying a pipeline from its crude oil sales, a top government official said.
A consultation paper inviting comments and suggestions to better regulate the cable television service business in the country and help its orderly growth was circulated by the telecom watchdog Tuesday. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 11:31 am
Essar Exploration and amp; Production Ltd (EEPL), Mauritius, a subsidiary of oil major Essar Oil, has been awarded an offshore block in Vietnam's Song Hong basin. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 11:30 am
MUMBAI (Reuters) - India's main stock index provisionally closed 1.91 percent down on Tuesday, led by losses in index heavyweights ICICI Bank and Reliance Industries.
The next twenty years will be revolutionary in IT history and what lies ahead for humanity should be best left to the wonderful ingenuity of mankind, says Rajesh Munshi, one of the youngest directors at Microsoft Corp, on a visit to his hometown here. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 11:00 am
State-owned Sutlej Jal Vidyut Nigam Ltd (SJVNL) will now build a hydropower project in Nepal, marking its entry in the international market. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 11:00 am
The Apparels Export Promotion Council (AEPC) for the first time will take part in the Interselection Fair to be held May 5 to May 7. AEPC will have ten booths in the fair to be held at Nordvillepente in Paris. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 11:00 am
VIENNA (Reuters) - Luxury car maker Aston Martin, whose DB5 model was driven by James Bond, is to assemble vehicles outside Britain for the first time after a deal with Austria's Magna Steyr, the UK company said on Tuesday.
Strengthening its research activities in India, leading internet firm Yahoo! said it has launched a new research and development (R&D) lab in Bangalore. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 10:20 am
Volvo Car Corporation on Tuesday said it plans to launch its sports utility vehicle XC60 in India next year. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 10:11 am
MUMBAI (Reuters) - As India's Tata Motors finalises its purchase of Jaguar and Land Rover, analysts are questioning its ability to integrate the luxury auto brands with its staid but profitable line-up of cars, trucks and buses.
Sebi banned Arvind Johari, owner of Lucknow-based Cyberspace, from trading for 10 years for his involvement in the securities scam in 1999-2001. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 9:12 am
A 25-member trade delegation led by a group of ministers from Iran will Wednesday meet captains of Indian industry here and discuss possible collaboration in the oil and gas sectors. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 9:02 am
Corporate honchos now have a dedicated place to strike a deal, to do business networking and talk acquisitions and mergers over drinks. The globally renowned chief executive officers' club is now in India. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 9:00 am
MUMBAI (Reuters) - India's demand for gold was low on Tuesday with prices close to all-time highs drawing a steady stream of profit takers to the market, dealers said.
Bajaj Auto Ltd (BAL) on Tuesday reduced prices of its various motorcycle models by up to Rs 3,000 to revive sales fortunes. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 8:31 am
He said the government needs to work out an effective mechanism for implementation of the Rs 60,000 crore loan waiver package for farmers. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 8:29 am
MUMBAI (Reuters) - India's textile firms, much touted for their low-cost workforce, are now easing up on hiring despite large expansion plans, stepping up automation to boost quality and production.
Tata Communications announced an investment of $500 million for its wireless broadband venture on WiMax platform and has partnered with US-based Telsima Corporation for equipments. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 8:12 am
India's multinational seed company Advanta India Ltd has acquired Texas-based Garrison and amp; Townsend, LP, (GT) Hereford, for $10.5 million. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 8:01 am
The Andhra Pradesh based BGR Energy Systems Ltd has received a pre-qualification approval for the Rs.7.5 billion Kutch Desalination Plant project in Gujarat.` Source: IndiaeNews.com: Business News | 4 Mar 2008 | 8:00 am
Southeast Asia's infrastructure construction major ITD Cementation India Ltd has bagged a Rs.1.12 billion project from the South India Corporation (Agencies) Limited (SICAL) Iron Ore Terminals. Source: IndiaeNews.com: Business News | 4 Mar 2008 | 8:00 am
MUMBAI (Reuters) - Reliance Energy's plans for a share buy-back seem aimed at restoring some lustre to the Anil Dhirubhai Ambani Group after the dismal stock market debut of its Reliance Power business last month, analysts said.
A Bahraini real estate firm has acquired 49 per cent stake in an information technology park in Noida at a cost of $69 million. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 6:25 am
The Sensex plunged over 424 points at mid-session on Tuesday on brisk selling by funds on concern that record-high commodity prices and the US economic slowdown will erode earnings. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 5:26 am
One might be tempted to call the market downslide on Monday an after-effect of the Budget. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 3:07 am
The Union budget's bumper Rs60,000-crore loan waiver to farmers was the main takeaway. Source: Daily News & Analysis: Money News | 4 Mar 2008 | 3:06 am
The importance of being India in the international domain, as the new gilt-edged “trillion-dollar economy,” was on Monday brought into sharp focus at a seminar here, against the backdrop of the Union Finance Minister, Mr P. ... Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
The last Budget of the UPA Government and the seventh full-fledged Budget presented by the Union Finance Minister, Mr P. Chidambaram, for the next fiscal undeniably evoked bouquets and brickbats. It seemed an apt Budget for For a government in ... Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
We recommend a sell in Century Textiles & Industries from a short-term perspective. From the charts of this company, we note that it has been on a medium-term downtrend from its 52-week high of Rs 1,275 (marked on January 7). We also see ... Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
Mumbai, March 3 The US subsidiary of Tata Consultancy Services (TCS) has received incentives worth more than $19 million (Rs 76 crore) for setting up base in Cincinnati in the US. This facility will serve as the North American ... Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
Mumbai, March 3 Mr T.S. Narayanasami, Chairman and Managing Director, Bank of India, said, “There is no need for any apprehension that the profitability of banks will get affected following the proposal to waive off Rs 60,000 crore farm ... Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
The stock conclusively penetrated the 200-day moving average and tumbled on Monday. We recommend a sell in this counter. Infosys We are bearish in this counter in the short-term and maintain our sell ... Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
Many commentators have hailed the Budget’s debt waiver scheme for farmers as an important measure in ensuring food security as much as a humanitarian gesture. There has been criticism too. Apart from the knee-jerk reaction by Opposition parties , there are calmer voices outlining serious concerns, which should be taken note of, says RASHEEDA BHAGAT. Source: Business Line - Home Page | 4 Mar 2008 | 12:00 am
Trading timings of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be revised from tomorrow till March 18, as the sun's position may disrupt connectivity, causing Source: Business Standard | Front Page Headlines | 3 Mar 2008 | 6:56 pm
The 4 per cent excise cut on small cars in Budget 2008-09 is expected to accelerate sales in the second-hand car market. ?? Source: Business Standard | Front Page Headlines | 3 Mar 2008 | 6:56 pm
Budget allocations for rural employment schemes have steadily decreased ever since the government introduced the National Rural Employment Guarantee Programme (NREGP), one of the government's flagship Source: Business Standard | Front Page Headlines | 3 Mar 2008 | 6:55 pm
The mother of all loan waiver packages announced in the Budget on Friday will have limited impact on commercial banks. This is because commercial banks' non-performing assets (NPAs) or sticky loans in Source: Business Standard | Front Page Headlines | 3 Mar 2008 | 6:54 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
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
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
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
