The country may see inflation touch the six per cent mark by June-July period as global prices of crude oil, food items and commodities continue to surge, economists believe. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 11:20 am
Finnish stainless steel maker Outokumpu Oyj plans to invest 30 million euros (Rs.1.65 billion) over a period of two years to build a service centre in India, the firm said Sunday. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 10:31 am
India's premier fashion event might be in only its 11th edition but international buyers and writers are already raving over its content and, above all, its management. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 10:31 am
Indian businessmen have voiced concern that the Reserve Bank of India (RBI) is unlikely lower interest rates as inflation rate soared to a nine-month high of 5.11 percent. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 9:33 am
The proposed 4,000 MW Krishnapatnam power project in Andhra Pradesh is awaiting clearance from the environment and forests ministry, pending clarification on the compliance plan. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 9:33 am
The Indian Institute of Management-Lucknow (IIM-L) will admit 330 students for its two-year management programmes starting in the new academic year. It has also increased the course fee by Rs.50,000 a year. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 9:32 am
The government has sought funds from the World Bank to build all weather rural roads to provide connectivity to villages in the five districts of south Bihar where Maoists are active. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 9:31 am
Long delayed by protests over land acquisition, Tata Steel's 5 million tonne steel plant project in Chhattisgarh's Bastar region is now moving ahead with 1,000 farmers surrendering nearly 1,050 hectares. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 9:31 am
Always one to be different, designer J.J. Valaya launched his own 'currency' - The Valaya Royael (VR) - at the Wills Lifestyle India Fashion Week (WIFW), with the line offering motifs and textures inspired by coins and bearing his 'royal' signature. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 9:30 am
No-frill carrier GoAir plans to induct five more aircraft by March-end and expand its operations to South and the Northeast India. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 8:53 am
The subprime woes may soon inflict a blow on the job arena as a downward pressure on bottom-lines is making a host of big-ticket employers cautious about their hiring plans. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 8:51 am
ISLAMABAD (Reuters) - Pakistan's government ordered a sharp increase in petrol and diesel prices for the second time this month, in order to reduce subsidies that have become financially crippling because of soaring world oil prices.
MUMBAI (Reuters) - State Bank of India, India's largest bank, has suffered a loss of 10 million rupees ($250,000) in the overseas credit derivatives market, the Sunday Business Standard newspaper said on Sunday.
The Cochin International Airport Ltd (CIAL), which built India's first airport with private-public sector participation, may construct a greenfield airport in Sri Lanka. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 6:30 am
The bailout of investment bank Bear Stearns by the US government has raised new alarm about the credit crisis - and whether other firms might be in jeopardy. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 6:11 am
BEIJING (Reuters) - China has declared repeatedly that it is shifting to a "tight" monetary policy to fight decade-high inflation in place of its earlier "prudent" stance.
The global carbon market was worth $60 billion in 2007, up by 80 percent from 2006. And market analysts feel carbon prices have now become an important factor in the operating and investment decisions of companies. Source: IndiaeNews.com: Business News | 16 Mar 2008 | 5:00 am
TAIPEI (Reuters) - When Bernard Liu was looking for people to join his team of equity researchers at JPMorgan in Taiwan last year, he found a labour market rich in engineers but lacking in people qualified for the service sector.
ROME (Reuters) - Ailing Italian carrier Alitalia on Sunday agreed to be bought by larger rival Air France-KLM for 138 million euros, a far smaller sum than expected.
SAN FRANCISCO (Reuters) - Meg Whitman, eBay Inc.'s outgoing chief executive officer, will co-chair the national presidential campaign of U.S. Senator John McCain, the presumptive Republican nominee.
Microsoft Corp said on Friday it plans to acquire Rapt, a software company used by Web publishers to manage advertising sales, for an undisclosed sum. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
The United Arab Emirates (UAE)-based flight services company Royal Jet has been named the world`s leading private jet charter by the World Travel Awards (WTA), WAM news agency reported Saturday. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
Bank of China on Saturday ruled out swooping on Western financial institutions felled by the still-spreading global credit crisis. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
Internet giant Yahoo has decided to
move its headquarters from London to Geneva in what is seen as
the first major fallout of Britain`s "uncompetitive" tax
system affecting its attractiveness as a global financial hub. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
India`s leading GSM-based mobile operators added 5.9 million users in February, about 300,000 less than in January, an industry body said on Monday. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
With inflation again creeping up to worrisome levels, Finance Minister P Chidambaram Saturday virtually ruled out any government intervention to ease interest rates. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
India`s life insurance market grew 18 percent between April 2007 and January 2008 with private life insurers witnessing a first premium rise of 82 percent. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
Government on Saturday indicated that
the Reserve Bank may not go for interest rates cut to boost
the industrial production because of high inflation. Source: Zee News : Business | 16 Mar 2008 | 12:11 am
Mumbai, March 15 Mr Michael G. Oxley, co-author of the Sarbanes-Oxley Act and Vice-Chairman of Nasdaq, spoke with Business Line on the sub-prime crisis plaguing the world, on the US recession, and a host of other issues. ... Source: Business Line - Home Page | 16 Mar 2008 | 12:00 am
Mumbai, March 15 Unilever Plc expects India’s share in its turnover to go up from the current six per cent in the next two years, as the global consumer goods maker sharpens its focus on developing and emerging markets.Mr Patrick ... Source: Business Line - Home Page | 16 Mar 2008 | 12:00 am
After ICICI Bank, which got hit in credit derivatives, another Indian company Larsen & Toubro, similarly, made big losses. However, it is in commodities trading. Larsen and Toubro has suffered a loss of about Rs 200 crore in commodity hedging .. Source: Business Line - Home Page | 16 Mar 2008 | 12:00 am
New Delhi, March 15 After Jet Airways, Air Deccan will be the second private airline from India to fly abroad. The Government has given Air Deccan an in-principle approval to start its international operations from August this ... Source: Business Line - Home Page | 16 Mar 2008 | 12:00 am
The government on Saturday said State Bank of India has suffered a loss of only Rs 1 crore in the overseas credit derivatives market even as private lender ICICI Bank has reported a loss of over Rs 1 Source: Business Standard | Front Page Headlines | 15 Mar 2008 | 11:50 pm
New slim-line cathode ray tube (CRT) televisions (TVs) are all set to challenge flat panels this year. Although a 19-inch CRT TV costs around Rs 3,500, manufacturers are ready with slim CRT models Source: Business Standard | Front Page Headlines | 15 Mar 2008 | 11:49 pm
A clutch of foreign institutional investors (FIIs) ? led by sub-prime-hit Citigroup, Morgan Stanley and Bear Stearns ? sold a record Rs 1,881 crore worth of stocks through block deals during the first Source: Business Standard | Front Page Headlines | 15 Mar 2008 | 11:48 pm
Unilever expects to grow its margins in emerging markets, including India, even as the fast moving consumer goods sector battles with an unprecedented rise in raw material costs. ?? Source: Business Standard | Front Page Headlines | 15 Mar 2008 | 11:47 pm
The big announcement from Tata Motors on JLR is expected the week starting March 17. Both parties are likely to sign an MoU but the sale itself will be completed in the next 68 weeks. CNBCTV18s Swati Khandelwal says Tata\'s seem to be negotiating price guarantees for engines from Ford. Source: Moneycontrol Top Headlines | 15 Mar 2008 | 4:40 pm
Honda Motorcycle is looking to tap into a new niche with a new scooter called the Aviator. Other than offering great build quality, Honda has made the Aviator, priced at Rs 46000 on road Mumbai, tough by changing the standard 10\' wheel with a 12\" alloy wheel at the front with the option of a 190mm disc brake. Source: Moneycontrol Top Headlines | 15 Mar 2008 | 4:25 pm
Maharashtra government will sign Memorandum of Understanding (MoUs) with companies for investment worth Rs 1,700 crore in the state, as told to CNBCTV18, by sources. Source: Moneycontrol Top Headlines | 15 Mar 2008 | 4:11 pm
No one thought Padma Vibhushan Dr MS Swaminathan, who started off as a Zoology student, will end up working in felids all across Asia. But it was the Bengal famine that inspired him to switch to agriculture. An exemplar, a dissenter, a critic and an advocate of organic agriculture, he talks on how the next decade can belong to Indian agriculture. Source: Moneycontrol Top Headlines | 15 Mar 2008 | 3:47 pm
DHAKA (Reuters) - Biman Bangladesh Airlines signed a deal on Saturday to buy eight aircraft from Boeing Co worth $1.265 billion, a company official said.
Government on Saturday indicated that the Reserve Bank may not go for interest rates cut to boost the industrial production because of high inflation. Source: Daily News & Analysis: Money News | 15 Mar 2008 | 9:52 am
