Iran has said that it is ready to sign the India-Pakistan-Iran gas pipeline deal, but technical issues between India and Pakistan is hindering the process. Source: Zee News : Business | 6 Mar 2008 | 12:31 pm
The UK-India Business Council
(UKIBC), which supports the promotion of bilateral trade
between the two countries, has launched its Next Generation
India initiative in Edinburgh. Source: Zee News : Business | 6 Mar 2008 | 12:31 pm
India`s Tata Motors is seeking about USD 3 billion in loans to fund its planned purchase of Ford Motor Co`s Jaguar and Land Rover luxury brands, according to reports. Source: Zee News : Business | 6 Mar 2008 | 12:31 pm
Riding the surging price of Berkshire Hathaway Stock, Warren Buffett has seen his fortune swell to an estimated 62 billion
dollars, up 10 billion dollars from a year ago. Source: Zee News : Business | 6 Mar 2008 | 12:31 pm
Mukesh Ambani saw the highest fluctuation of about $35 billion in his net worth over the past year even as he trailed his estranged brother Anil as the world's second biggest wealth creator. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 12:12 pm
"We are a steel family and love steel more than anything. How can we give up in India when we did not give up on Arcelor despite hostility," Aditya Mittal said. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 12:06 pm
If you order a pint of beer in an Indian restaurant in Britain, chances are you would be served an Indian beer. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 12:01 pm
LONDON (Reuters) - Oil hit a record high near $106 on Thursday as a weak dollar helped prices to extend the previous day's gains, which were prompted by a drop in U.S. oil inventories and OPEC's decision to keep output unchanged.
Ahead of the India-Africa partnership forum summit in April, Indian businesspersons have pressed for quicker business visas from African countries. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 11:31 am
NEW DELHI (Reuters) - India will ease restrictions on overseas borrowing by companies, introduced last year to slow capital inflows, as soon as local and global conditions allow, a senior finance ministry official said on Thursday.
MUMBAI (Reuters) - Indian base metal futures pack was sparkling on Thursday with copper, zinc and nickel hitting contract highs on bullish global cues, a weak dollar and strong crude oil prices, analysts said.
MUMBAI (Reuters) - Ashok Leyland Ltd, India's second-biggest bus and truck maker, said on Thursday vehicle sales in February fell 7 percent to 7,501 units from 8,036 units a year earlier.
The third straight budget presented by Kerala's Finance Minister Thomas Isaac has nothing much for the nearly two million overseas Keralites who provide the backbone of the state's economy by remitting more than Rs.200 billion ($5 billion) every year. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 10:30 am
Finance Minister P. Chidambaram has asked stock brokerages to introduce corporate culture in their working and suggested creating a separate exchange to list small and medium enterprises. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 10:30 am
The Rs.12-million Chiripal group based here launched its own apparel brand ConneXions Thursday. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 10:01 am
Leading telecom services provider Tata Communications Ltd (TCL) has tied up with US-based content provider BitGravity to provide high-quality video over the Internet. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 10:00 am
The government is in the process of digitising all patents granted so far and will make it available for the public by early next year. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 9:22 am
SINGAPORE (Reuters) - Gold roared to another record on Thursday and held within sight of the next target of $1,000 an ounce, as the dollar struck an all-time low against the euro and oil stood near $105 a barrel.
MUMBAI (Reuters) - India's gold demand was slow on Thursday with record high prices discouraging buyers and closure of currency markets making pricing difficult, dealers said.
NEW DELHI (Reuters) - India's Bharat Petroleum Corp's is likely to process 9.5 percent less crude at its two key refineries in the next fiscal year beginning April compared with this year, due to planned shutdowns, its director of refineries said on Thursday.
NEW DELHI (Reuters) - India's $15 billion farm debt waiver announced in the 2008/09 budget will strengthen the banking sector and the central bank supported the idea, Finance Minister Palaniappan Chidambaram said on Thursday.
The government acknowledged that there is public demand that interest rates on home loans up to Rs 20 lakh should be slashed. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 8:41 am
Air India Express, the low-cost arm of the state-owned Air India, plans to add new routes to destinations like Kuwait, Doha, Bahrain and Dammam in the Middle East and Phuket in Thailnad. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 8:30 am
Finance Minister P. Chidambaram Thursday made another pitch for commercial banks to cut interest rates for their consumers, especially on housing loans up to Rs.2 million that accounted for 80 percent of exposures. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 8:30 am
The Rs.8-million Ahmedabad-based Chiripal group on Thursday launched its own apparel brand ConneXions. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 8:00 am
MUMBAI (Reuters) - Jet Airways Ltd has borrowed $300 million to meet its immediate cash needs, but a planned $400 million rights issue and private placement of shares were on track, a senior company official said on Thursday.
Warren Buffett has overtaken software czar Bill Gates as well as Mexican Tycoon Carlos Slim Helu to become the world's richest person, as per Forbes' annual list of billionaires. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 7:06 am
Considering the public demand that interest rates on housing loans up to Rs 20 lakhs should be slashed, FM P Chidambaram said, it is for the banks and RBI to take a call. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 6:44 am
As India's silicon hub, Bangalore's dominance in offering highest compensation to software product engineers is being challenged by Pune, where average wages have gone up 15-20 percent in the same category since 2007, a study by a consulting firm revealed. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 5:32 am
While all the buzz is about cricket's young turks who slayed mighty Oz, it is the little master who still scores big. Not just on the field, but as a brand, too. Source: Daily News & Analysis: Money News | 6 Mar 2008 | 4:14 am
SINGAPORE (Reuters) - India's Tata Motors is seeking about $3 billion in loans to fund its planned purchase of Ford Motor Co's Jaguar and Land Rover luxury brands, the Financial Times reported on Thursday.
Over the past week, both India and China have announced their respective annual budgetary allocation towards defence spending and the contrast is striking. This contrast has long-term implications for the South Asian strategic framework. Source: IndiaeNews.com: Business News | 6 Mar 2008 | 3:00 am
?Sahib has done it for us.'' That is how the farmers in Agriculture Minister Sharad Pawar's constituency of Baramati greet the Rs 60,000 crore loan waiver. ?? Source: Business Standard | Front Page Headlines | 6 Mar 2008 | 12:27 am
A day after Minister for Steel, Chemicals and Fertiliser Ram Vilas Paswan told Parliament that steel prices would come down by Rs 500 a tonne on account of the 2 percentage point reduction in Cenvat, Source: Business Standard | Front Page Headlines | 6 Mar 2008 | 12:27 am
Indian banks have started experiencing the ripples of the US subprime crisis. While ICICI Bank is provisioning an additional $70 million (around Rs 280 crore) to cover its losses on exposure to credit Source: Business Standard | Front Page Headlines | 6 Mar 2008 | 12:27 am
The Securities and Exchange Board of India (Sebi) plans to reduce the time between the close of initial public offerings (IPOs) and their listing to lessen scope for price manipulation, Chairman C B Source: Business Standard | Front Page Headlines | 6 Mar 2008 | 12:27 am
The overall burden on the banking sector, of the loan write-offs of Rs 60,000 crore proposed in Budget 2008, is yet to be analysed fully, says Mr Robin Roy, Associate Director, Financial Services, PricewaterhouseCoopers (P) Ltd. ... Source: Business Line - Home Page | 6 Mar 2008 | 12:00 am
In order to tap the fast-growing SMB segment, TCS said it is launching a dedicated strategic business unit, which would offer IT-as-a-service to customers. Source: Daily News & Analysis: Money News | 5 Mar 2008 | 11:28 pm
AT&T global network services India managing director Sanjiv Bhagat said India tops the list of countries in terms of revenue growth within AT&T's Asia-Pacific region. Source: Daily News & Analysis: Money News | 5 Mar 2008 | 11:28 pm
