MUMBAI (Reuters) - The Indian rupee fell sharply to its lowest in six months on Monday, as worries about foreign investors repatriating their capital gripped the market after local stocks tumbled to their worst in nearly seven months.
LONDON (Reuters) - Oil rose to a record near $112 a barrel on Monday as the U.S. dollar sank to all time lows on growing concerns over the health of the world's largest economy.
BANGALORE (Reuters) - Indian shares fell 6 percent on Monday to their lowest close in nearly seven months, as worries grew about a global credit crisis after the bailout of Bear Stearns and a U.S. cut in its discount rate.
General Motors India (GMI) said it will launch a new small car here in the next two years, which will be priced below its existing cheapest model. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 12:31 pm
TOKYO (Reuters) - Japan's government struggled to resolve a deadlock over a new central bank chief, but chances of a breakthrough before a Wednesday deadline when the current governor retires were dimming even as market turmoil took the dollar to fresh lows and battered Tokyo stocks.
MUMBAI (Reuters) - India's gold prices are seen rising to new highs this week on deepening financial troubles in the U.S. that could weaken the dollar further, and draw more investors to gold, analysts said.
The Chhatrapati Shivaji International Airport (CSIA) here won the first Frost and Sullivan Asia Pacific Aerospace and Defence Awards for Aeronautical Excellence Airport of the Year 2008 for its efforts in developing the aeronautical segment of the airport in the Asia Pacific (APAC) Region. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 11:32 am
NEW DELHI (Reuters) - General Motors Corp wants to launch a second small car in India in the next two years as it looks to capitalise on growth in emerging markets to offset any sluggishness in U.S. sales, a senior company official said.
HONG KONG/SINGAPORE (Reuters) - Stunned dealers and traders at Bear Stearns, the ailing U.S. investment bank rescued by rival JPMorgan Chase & Co, turned up for work on Monday to find the value of their stock options in tatters and the future of their jobs up in the air.
The Telecom Regulatory Authority of India (TRAI) Monday announced stricter measures for the telecom operators who have failed to rein in unsolicited telemarketing calls. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 10:00 am
NEW DELHI (Reuters) - India's Finance Minister Palaniappan Chidambaram said on Monday the government would take more fiscal steps to contain rising inflation.
India's stock markets suffered extended losses Monday and kept slipping further and further into the red and slid by nearly 800 points, moving below the 15,000 mark early afternoon. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 9:31 am
All agriculture market yards in Gujarat will remain closed Tuesday to protest the proposed union budget provision to tax market yards. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 9:30 am
MUMBAI (Reuters) - Faced with rising borrowing costs as a global credit crunch deepens, India's Tata Motors Ltd is keen to close a deal to buy Ford Motor's Jaguar and Land Rover luxury brands by the end of this month.
Indian pharma major Glenmark Pharmaceuticals Ltd has started marketing its drugs for skin disorders in the US. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 8:31 am
Gujarat based drug maker Sun Pharmaceutical Industries said Monday it had received a green signal from the US Food and Drug Administration (USFDA) to market the generic version of cancer drug Amifostine injections. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 8:31 am
China Eastern Airlines plans to add one more flight to its four flights a week on the Delhi-Beijing route this summer. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 8:31 am
Credit rating agency ICRA Ltd will now issue ratings to the loans and other exposures made by Central Bank of India. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 8:01 am
Sensex on the Bombay Stock Exchange plunged to record this year's second biggest fall of over 950 points on an onslaught of selling by funds. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 6:04 am
Despite warming Sino-Indian ties after the Beijing visit of Prime Minister Manmohan Singh, yet another Chinese firm has been denied entry into India on suspicion that the move may compromise the nation's security. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 5:30 am
The 30-share bellwether Sensex of the Bombay Stock Exchange fell over 750 points in early trade Monday. Source: IndiaeNews.com: Business News | 17 Mar 2008 | 5:00 am
The Rajasthan government has written a letter to the Centre objecting to a recommendation to shift the "delivery point" of Cairn-ONGC's crude oil from the wellhead in the state to the Gujarat coast Source: Business Standard | Front Page Headlines | 17 Mar 2008 | 12:05 am
Considering the total reserves of gold bullion, the volume of which is about two billion ounces, a price of $1000/ounce just accounts for $2 trillion of paper currency. The real circulation of money, even within the US, is many times this number and so gold prices have to go up substantially higher. Source: Business Line - Home Page | 17 Mar 2008 | 12:00 am
Recently in Ingolstadt, Germany They have some of the most sophisticated gadgets — radar on the side mirror that warns the driver when he is banking a curve so sharply that the vehicle is likely to collide against another in the adjacent ... Source: Business Line - Home Page | 17 Mar 2008 | 12:00 am
Mumbai, March 16 Scientists may not be the best negotiators, when it comes to converting their inventions into commercial products. But the Centre is set to change this through a research and intellectual property-related (IP) Bill that seeks ... Source: Business Line - Home Page | 17 Mar 2008 | 12:00 am
Even within the framework of a liberalised foreign trade environment, one is left wondering whether there is any broad but definite logic to changes in the export/import policy. It is becoming increasingly difficult to fathom the rationale ... Source: Business Line - Home Page | 17 Mar 2008 | 12:00 am
New Delhi, March 16 As many as 101 formal approvals have been given for Special Economic Zones in Maharashtra, Madhya Pradesh and Chhattisgarh under the Special Economic Zones Act, 2005.Of the 101 approvals, 24 SEZs would come up in ... Source: Business Line - Home Page | 17 Mar 2008 | 12:00 am
Pharma majors like Cipla and Aurobindo, which make copycat versions of patented anti-retrovirals (ARVs) used to combat Aids, are in for a double bonanza. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 11:00 pm
As the markets await a bottoming out, mutual fund managers are beginning to deploy bit by bit the Rs 22,331.44 crore of cash they have been sitting on since February end. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:59 pm
Brokerage houses have cut earnings estimates of Sensex companies by an average 3% for the next financial year in the face of weakening growth and roiling asset markets globally. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:58 pm
Glenmark Pharmaceuticals, is close to acquiring a front-end sales firm in the US to make an entry into the highly competitive specialty products business in that country. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:57 pm
The defence forces are now ready to set up an optic fibre communication network so that they can vacate unused spectrum for reallocation to telecom firms, it is learnt. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:57 pm
The fortunes of the US dollar continue to dwindle. The greenback plunged to new lows against many of its major counterparts last week. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:49 pm
Bond yields were under pressure last week with oil prices touching new highs and higher-than-expected domestic inflation for the third straight week. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:48 pm
Jet Airways is expected to close talks with Indian and foreign private equity firms and financial institutions for offloading up to 10% of the promoters' stake in 2-3 weeks' time. Source: Daily News & Analysis: Money News | 16 Mar 2008 | 10:47 pm
