REUTERS - Indian shares provisionally closed 4.85 percent down on Thursday, spooked by global equities turmoil and signs of a slowdown in the local economy.
LONDON (Reuters) - U.S. gold futures rose to a record high of $996 an ounce in electronic trade on Thursday, boosted by a lifetime low dollar and firm oil prices, traders said.
MUMBAI (Reuters) - Indian shares provisionally closed 4.85 percent down on Thursday, spooked by global equities turmoil and signs of a slowdown in the local economy. Top listed firm Reliance Industries Ltd led the slide.
State-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs.18-billion ($450 million) contract to supply boiler package to the National Thermal Power Corporation's 1,320 megawatt (MW) Barh stage-II supercritical power project in Bihar. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 11:03 am
The central government has approved six projects worth Rs.3.73 billion ($92 million), including a central grant of Rs.2.47 billion under the Industrial Infrastructure Upgradation Scheme (IIUS). Source: IndiaeNews.com: Business News | 13 Mar 2008 | 11:02 am
In order to cash in on the booming Indian telecom solutions market, the $100 million turnover Tadiran Telecom Limited of Israel is expanding in this country and focussing on the small and medium enterprises (SME) market for its internet telephony products. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 11:02 am
The Telecom Regulatory Authority of India (TRAI) Thursday ordered Vodafone-Essar, a leading telecom operator, to refund all money that it has charged for providing value added services to its subscribers without their approval. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 11:01 am
The Indira Gandhi International Airport here Thursday reported near normalcy in operations with most flights operating on time, as Airport Authority of India (AAI) employees' strike failed to make any impact on the second day. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 11:01 am
As part of its aggressive expansion plan in India, Singapore Airlines (SIA) has decided to operate two new flights from New Delhi March 30 onwards, the airline said Thursday. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 11:01 am
MUMBAI (Reuters) - India's gold demand remained slack on Thursday as prices inched closer to their highs on a weak dollar and firm oil overseas, with local buyers awaiting corrective dips, dealers said.
Glenmark Pharmaceuticals Inc. has started the shipping of its non-steroid and anti-inflammatory drug to the US following approval by the country's drug authorities. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 10:00 am
Indian equity markets continued to trade deep in the red Thursday and slumped by over 650 points in afternoon trade. There was heavy selling across all major sectors. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 10:00 am
NEW DELHI (Reuters) - Lenovo Group Ltd, the world's No. 4 computer maker, is evaluating options for setting up a research and development centre in India, company officials said on Thursday.
A technical study is underway on the defence ministry's spectrum requirements before the balance is released for private telephony operators, parliament was informed Thursday. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 9:31 am
For the first time while financing a project, World Bank affiliate International Finance Corporation (IFC) has decided to make an equity investment of up to 25 percent in an Indian company, going over the normal norm of 20 percent. Source: IndiaeNews.com: Business News | 13 Mar 2008 | 9:31 am
TOKYO (Reuters) - Japanese stocks slid more than 3 percent as the dollar hit a 12-year low against the yen, with Honda Motor Corp and other exporters extending earlier losses made on growing fears of a U.S. recession.
The stock markets opened distinctly weak as bear operators refrained to surrender their dominance and the BSE benchmark Sensex tumbled by 564 points. Source: Daily News & Analysis: Money News | 13 Mar 2008 | 5:02 am
MUMBAI (Reuters) -Larsen & Toubro, oilfield services firm Great Offshore Ltd and some private equity firms are eyeing 26 percent in Tebma Shipyards for $100 million, the Times of India said on Thursday citing sources.
MUMBAI (Reuters) - Developer DLF Ltd may delay a planned initial public offering in Singapore of a real estate investment trust and instead opt for a private placement to raise about $500 million, a source said on Thursday.
In 2007-08, gross domestic product (GDP) is estimated to grow at 8.7 per cent and agriculture (which accounts for 17.5 per cent of GDP) a mere 2.6 per cent. While growth of agricultural credit is all set to exceed the 2007-08 target, credit in ... Source: Business Line - Home Page | 13 Mar 2008 | 12:00 am
Our short-term outlook for the stock is bearish. We retain our sell recommendation.L&TThe stock is experiencing selling pressure at higher levels. Sell the stock while keeping the stop-loss at Rs ... Source: Business Line - Home Page | 13 Mar 2008 | 12:00 am
Chennai, March 12 The 21-per cent year-to-date decline of the Shanghai Composite Index notwithstanding, American investor and investment guru Mr Jim Rogers remains optimistic on the prospects of China.When Business Line ... Source: Business Line - Home Page | 13 Mar 2008 | 12:00 am
Pune, March 12 The National Association of Software and Services Companies (Nasscom) on Wednesday announced the setting up of regional best practices committees to strengthen workplace-related policies and standards with a focus on security ... Source: Business Line - Home Page | 13 Mar 2008 | 12:00 am
The trend in the industrial production index, prima facie, indicates a slowdown, with the growth rate showing a sharp deceleration to 5.3% in January 2008 from 11.6% a year ago. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:18 pm
BPTP Group, a Delhi-based privately held developer, said the price it paid for the Noida property -- Rs 130,207 per square meter -- is reasonable and was thought through. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:17 pm
Is an IT outsourcing story playing out in the Indian pharma industry? So it appears, particularly in the light of the current global slowdown across sectors. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:15 pm
When Venu Srinivasan unveiled the 125cc Flame in Chennai on Monday, there was a palpable sense of relief among his colleagues in TVS Motor. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:13 pm
Financial institutions in India probably have sub-prime problems that are "waiting to be exposed," says Jim Walker, noted economist and CEO of Asianomics. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:12 pm
Uco Bank has received approval from shareholders to issue perpetual non-cumulative preference shares up to Rs 625 crore. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:11 pm
The past few quarters have seen the real-estate sector cool off a bit, but Bangalore-based developer Puravankara Projects Ltd (PPL). Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:08 pm
RFCL Ltd, an ICICI Ventures company that's into life sciences and laboratory solutions, has acquired an animal healthcare company in Europe. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:07 pm
What made Rajat Jain, managing director, Walt Disney India, quit the company to take on the mantle of managing director and chief executive officer. Source: Daily News & Analysis: Money News | 12 Mar 2008 | 10:05 pm
Despite an offer to monetarily compensate Mauritius for losses as a result of tightening tax norms, India has given up hope for the time being of amending the 26-year double taxation avoidance Source: Business Standard | Front Page Headlines | 12 Mar 2008 | 6:30 pm
Corporate India may be sitting on a $3 billion to $5 billion (Rs 12,000 crore - Rs 20,000 crore) notional loss on its exposure to foreign exchange derivatives. ?? Source: Business Standard | Front Page Headlines | 12 Mar 2008 | 6:30 pm
