BANGALORE (Reuters) - Indian software services firm Patni Computer Systems Ltd is stepping up sales to Asia-Pacific, a senior company official said on Wednesday, to offset a possible slowdown in its main U.S. market.
NEW DELHI (Reuters) - The government on Wednesday said an earlier decision allowing 100 percent foreign investment in titanium production would apply only if the investors transferred technology and set up value-added services in the country.
MUMBAI (Reuters) - Mobile phone operators are seeking more talks to discuss government security concerns which a newspaper said could lead to the termination of BlackBerry services in India, an industry official said on Wednesday.
NEW DELHI (Reuters) - Growth in India's annual industrial output continued to lose strength in January, posing a dilemma for policymakers faced with decelerating economic growth and accelerating inflation.
NEW DELHI (Reuters) - State-run energy and mineral firms are scouting for coal blocks abroad, including in Mozambique, the minister of state for coal said on Wednesday.
MUMBAI (Reuters) - Indian metal and energy firms are gradually turning to local commodity exchanges to hedge risks and take advantage of cheaper costs compared to international exchanges, industry experts said.
NEW DELHI (Reuters) - The government on Wednesday sought approval to spend an extra $10.7 billion in the year to end-March, including $2.5 billion for a fund it will use to partly pay for a new debt write-off plan for small farmers.
MUMBAI (Reuters) - Indian shares provisionally closed 0.23 percent down on Wednesday, after lower-than-expected industrial output data showed growth slowed to 5.3 percent in January from a year ago.
With a total output of 11 million bales of cotton during the season 2007-08, Gujarat has accounted for 35.48 percent of the national output in the commodity, according to Cotton Advisory Board (CAB) data. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 11:01 am
Dancers swaying to the primitive beats of drums and sounds of the jungle, followed by models showcasing the creative brilliance of fashion designer Vikram Phadnis set the mood for the Wills Lifestyle Fashion Week (WIFW) that began on a dramatic note today. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 11:01 am
In order to cash on the sub one tonne goods carrying vehicle sales, Piaggio Vehicles Private Ltd is targeting over four fold increase in sales of its four-wheel goods carrier Ape Truk, a top official company official said. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 11:00 am
BSNL has to recover a whopping Rs 3,665.51 crore mainly from the private subscribers, an amount which equals to approximately half of the company's profit. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 9:22 am
The de facto strike by employees of the Airports Authority of India (AAI) at the Begumpet airport here had no impact on air traffic Wednesday morning although passengers faced some inconvenience at the terminal. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 9:01 am
MUMBAI (Reuters) - India's gold market saw low demand on Wednesday even though prices softened as buyers kept away on hopes of sharp corrections, with a few having bought during the previous day's dips, dealers said.
Industrial growth slipped to 5.3 per cent in the month of January, compared to 11.6 per cent in the same month last year. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 7:58 am
SINGAPORE (Reuters) - Oil steadied on Wednesday after hitting a record near $110 overnight, as investors grappled with a boost to the dollar after the U.S. Federal Reserve and other central banks pumped fresh funds into the financial system.
The Indian equities market opened with a huge positive swing Wednesday, piggybacking on a strong show by peers around the globe. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 6:32 am
Equity shares of public sector enterprise Rural Electrification Corporation (REC) were listed at the Bombay Stock Exchange at a premium of 19.05 percent Wednesday, at Rs.125 against its issue price of Rs.105. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 6:31 am
All operations at the Bangalore airport were normal Wednesday morning and flights took off and landed on schedule, an airport spokesperson said. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 6:30 am
Jharkhand wants to woo more tourists and now plans to exploit its abundant mineral resources for the purpose. It proposes to start mining tourism on the lines of countries like South Africa and Australia. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 5:30 am
Sensex on Wednesday gained 560 points in early trade on Wednesday on heavy buying by funds in fundamentally strong shares. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 5:18 am
About three years ago, some style gurus like Ashish Soni, J.J. Valaya and Rajesh Pratap Singh joined hands to sell fashion on the internet and came up with a website. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 4:31 am
A few flights from the Indira Gandhi International Airport here were delayed early Wednesday but operations were not badly hit by the strike called by the Airports Authority of India (AAI) employees' union. Source: IndiaeNews.com: Business News | 12 Mar 2008 | 4:30 am
After several postponements, the Airport Authority Employees Union (AAEU) is going on an indefinite strike, which it has described as "non-cooperation" against the government, from midnight. ?? Source: Business Standard | Front Page Headlines | 12 Mar 2008 | 12:23 am
Mumbai, March 11 Tata Motors, which is all set to acquire the British luxury cars Jaguar and Land Rover, has said that it would be raising Rs 4,000 crore from the market through issue of securities.The board of directors at its meeting ... Source: Business Line - Home Page | 12 Mar 2008 | 12:00 am
Initiate fresh short-position if the stock declined below Rs 1,400 with tight stop-loss.L&TA significant resistance is at Rs 3,000. Sell the stock if it reverses from this resistance level. ... Source: Business Line - Home Page | 12 Mar 2008 | 12:00 am
Ahmedabad, March 11Dispelling anxieties and rumours about reduced hiring due to the sub-prime crisis and the global economic slowdown, most students of post-graduate programme-general (PGP) at the Indian Institute of Management-Ahmedabad ... Source: Business Line - Home Page | 12 Mar 2008 | 12:00 am
We recommend a buy in Bajaj Hindusthan from a short-term perspective. It is evident from the charts of Bajaj Hindusthan, that following a steep fall from Rs 399 to Rs 117 in short period of nine trading sessions (from January 9 to 22), the stock ... Source: Business Line - Home Page | 12 Mar 2008 | 12:00 am
New Delhi/Hyderabad, March 11 Less than 96 hours before the opening of the greenfield airport at Hyderabad, the Government is yet to take a decision on the quantum of User Development Fee (UDF) to be levied on domestic and international ... Source: Business Line - Home Page | 12 Mar 2008 | 12:00 am
Raipur-based Monnet Ispat & Energy Ltd is planning to set up a 1,000 MW power plant in Indonesia. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:09 pm
Telecom players have been allowed to offer pre-paid mobile phone services in Jammu & Kashmir and Northeast for another year, till March 2009. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:08 pm
Earlier this year, Vedanta had announced that it will invest close to $12 billion in the power and metals businesses in India. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:07 pm
The government and the telecom industry are set to meet on Wednesday for another round of talks, in an attempt to resolve the BlackBerry controversy. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:07 pm
GAIL India already has an understanding with Indian Oil Corporation and Reliance Industries for setting up the network. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:06 pm
The Federal Reserve joined with other central banks Tuesday to extend its temporary lending program to provide more than $200 billion to global financial markets. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:04 pm
If you thought there will be no user development fee (UDF) for domestic air travel, you could be wrong. Source: Daily News & Analysis: Money News | 11 Mar 2008 | 10:03 pm
