The Department of Telecom (DoT) said that companies without licence can bid for 3G spectrum, reports CNBCTV18 quoting Newswire 18. DoT is drafting a report on 3Gspectrum availability per circle and is okay with the Telecom Regulatory Authority of India (TRAI) proposal on spectrum bid reserve price. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 5:54 pm
As the subprime crisis takes its toll, India does not seem immune. A new study says thousands of jobs at Indian IT and ITes companies could be on the chopping block. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 5:42 pm
The dreaded \'R\' word seems to have reached the IIM campus. Until now, you have heard about global firms betting big on IIM graduates despite the US recession. CNBCTV18 rounded up the numbers postplacement season and discovered they tell a different story. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 5:37 pm
Starlite Industries has won both residential plots in an auction for land in the BandraKurla complex of Mumbai, reports CNBCTV18. The company will pay Rs 3,52,000 per square metre. That means Starlite will pay a total of nearly Rs 500 crore for the property. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 5:28 pm
The govt today said that Sebi has started investigation into charges of alleged insider trading in the shares of Reliance Petroleum. Last year, Reliance Petroleum shares rose 75% between October 22 and November 1 to touch an alltime high of Rs 294.95. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 4:17 pm
Bharat Forge plans to diversify into aerospace, and railways, reports CNBCTV18. It plans to invest Rs 500 crore into both these segments. The company is open to acquisitions in energy, aerospace, and railways and is looking at partnering with a major aerospace company by the yearend. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 4:01 pm
Today HDFC clarified that though it has a Yen loan and several derivatives on its books, losses are minimal. Morgan Stanley had said HDFC froze yen MTM losses at Rs 16 crore in Q3 FY08 for upcoming yen loan payment, reports CNBCTV18. HDFCs yen based exposure in crosscurrency swaps total about USD 400450 million. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 1:23 pm
LONDON (Reuters) - Oil rebounded on Tuesday after a slide from record peaks a day ago on expectations that a Federal Reserve interest rate cut will hit the U.S. dollar and spur investor demand for oil.
Aviation Minister Praful Patel says that government would not like new airports to charge user development fee initially. He said that the new Hyderabad Airport will not charge UDF for domestic passengers initially. The Government is working out models of differential UDF for short haul and long haul routes. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 12:25 pm
MUMBAI (Reuters) - The rupee recovered on Tuesday from the previous session's six-month low, bolstered by a late afternoon rise in the local stock market as well as sales of dollars by exporters.
LONDON (Reuters) - Ford Motor Co is expected to announce the sale of its UK luxury brands Jaguar and Land Rover to India's Tata Motors in the middle of next week, according to sources close to the deal.
RIYADH (Reuters) - Saudi Arabia's Atheeb United has signed deals worth 1.25 billion riyals ($333 million) with Motorola, ZTE Corp, and Wipro Arabia to expand broadband services.
Central Bank has cut interest rates on retail loans. Floating home loan rates have been cut by 25 bps to 9.25%. Fixed home loan rates have been cut by 50 bps to 10%, reports CNBCTV18. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 12:08 pm
Union Civil Aviation Minister Praful Patel has said he will try to push the AERA Bill in the current session of Parliament. He added that the government would not like new airports to charge User Development Fee (UDF) initially and that the government is working out models of differential UDF for short haul and long haul routes. Source: Moneycontrol Top Headlines | 18 Mar 2008 | 12:01 pm
Ahead of the India-Africa Forum summit in April, Ghana Tuesday backed India for a permanent UN Security Council seat and launched a charm offensive to attract Indian investment in the resource-rich West African country. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 12:00 pm
India's markets watchdog is probing alleged insider trading in the shares of the Jamnagar, Gujarat-based Reliance Petroleum, which belongs to the Mukesh Ambani group, parliament was informed Tuesday. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 12:00 pm
Hindustan Latex Ltd (HLL), a public sector undertaking under the union health and family welfare ministry, and Acumen Fund, a non-profit venture philanthropy fund, Tuesday announced the formation of a joint venture (JV) to build a chain of small hospitals across India. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 12:00 pm
Pharma major Ranbaxy Laboratories Tuesday launched the first-of-its-kind natural and probiotic drug for dental diseases in India and Nepal. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 12:00 pm
South Africa is all set to lure the BPO and IT industry from India to its backyard, as majority of the natives feel that 'Europeans and Americans are more comfortable with the South African English accent'. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 11:30 am
Pune-based airline software solutions provider Kale Consultants Ltd has inked an agreement with northern Europe's leading cargo carrier Finnair Cargo for providing airmail cargo revenue processing systems. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 11:30 am
MUMBAI (Reuters) - A $4.1 billion rights issue by State Bank of India, India's largest bank, is expected to close fully covered on Tuesday on buying from institutional investors, two bankers involved in the deal said.
MUMBAI (Reuters) - The annual inflation rate, supplemented with month-over-month price movements could provide a better signal on price dynamics in the Indian economy, a Reserve Bank of India (RBI) panel said.
NEW DELHI (Reuters) - India has not yet decided when it will launch an initial public offering in state-run Air India, and will fix a date based on the financial performance of the carrier, a government official said on Tuesday.
BANGALORE (Reuters) - India's main stock index provisionally fell 0.06 percent on Tuesday, reversing gains of as much as 2.4 percent during trade, as worries remained about an escalating global credit crisis.
Mounting losses have forced Italian carrier Alitalia to pull out from India and China even as global carriers are spreading their wings over the lucrative South Asian sectors in a big way. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 10:30 am
Maruti Suzuki on Tuesday unveiled a new sedan, Swift DZiRE, to be launched on March 29 priced below the company's existing car SX4. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:08 am
World's newly crowned richest person Warren Buffett may have some lessons for other billionaires and CEOs of the world. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:01 am
The Left made a forceful plea in parliament Tuesday for banning futures trading in commodities saying it was contributing to the spiralling prices of foodstuff and essential commodities. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 9:00 am
The genesis of 'Black Economic Empowerment' in South Africa lies in Gandhian philosophy, say members of a business delegation from that country. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 9:00 am
NEW DELHI (Reuters) - India will consider allowing state-run airports in Bangalore and Hyderabad to continue operations along with the new private airports, the civil aviation minister said on Tuesday.
The glitzy five-day Wills Lifestyle India Fashion Week (WIFW) may have come to an end, but the fashion fraternity has good reason to continue celebrations. The event fetched nearly 40 percent more business than last year for both established names and newcomers. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 7:31 am
Foreign institutional investors have been selling, mutual funds have been sitting on a pile of cash, and now, even high net worth individuals (HNIs) are bailing out. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 5:50 am
WASHINGTON/NEW YORK (Reuters) - The U.S. Federal Reserve is expected to slash interest rates by as much as a whole percentage point at its policy meeting on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis.
In a stock exchange filing back in January, Cairn India spoke about “increasing cost challenges” in its project due to the general demand for engineering resources and materials. Those cost challenges appear to be behind the ... Source: Business Line - Home Page | 18 Mar 2008 | 12:00 am
Kolkata, March 17 Brokerages have turned more cautious on Monday in terms of the advisories to their clients in the backdrop of a gloomier picture. The broad suggestion to the retail investors appeared to be one of staying out in the ... Source: Business Line - Home Page | 18 Mar 2008 | 12:00 am
New Delhi, March 17 The Union Finance Minister, Mr P Chidambaram, on Monday said that the US sub-prime mortgage crisis has impacted India in a moderate way. “Our assessment is that impact on India is second order impact and a ... Source: Business Line - Home Page | 18 Mar 2008 | 12:00 am
Forced to the brink of bankruptcy, Bear Stearns appears to have unwound a significant portion of its equity holdings in India in recent trading sessions. Notwithstanding a lower liquidity and high impact cost, BSMA (Bear Stearns Asset ... Source: Business Line - Home Page | 18 Mar 2008 | 12:00 am
JPMorgan Chase & Co said it was acquiring teetering Wall Street investment bank Bear Stearns for a bargain-basement price of $2 a share, or $236.2 million. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 11:15 pm
Ludhiana-based integrated multi-product textile company SEL Manufacturing is all set to make an overseas acquisition. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 10:35 pm
Nasser Munjee, the person who set up one of India's largest infrastructure funding agencies - IDFC - is back to Infrastructure funding. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 10:33 pm
Venu Srinivasan is confident that his company will see a stronger bottom line in 2008-09, thanks to the 125cc Flame motorcycle and its first three-wheeler. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 10:32 pm
US news media, whittled down after a year of extensive layoffs at newspapers and TV outlets, focuses on a far narrower band of news despite audience demand for a variety of information. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 10:31 pm
P Chidambaram is incorrigibly optimistic. At least, that is how he sounded while announcing the farm debt waiver two weeks ago. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 10:31 pm
General Motors may have been a little slow in capturing the India growth story but it is trying hard to make up for lost time. Source: Daily News & Analysis: Money News | 17 Mar 2008 | 10:27 pm
General Motors today said that it will launch a second small car in India in the next two years as it looks at emerging markets to make up for sluggish sales in the US. ?? Source: Business Standard | Front Page Headlines | 17 Mar 2008 | 6:56 pm
Bear Stearns, which was registered as a foreign institutional investor in 2004, sold an additional 40.2 million shares valued at Rs 677 crore on the National Stock Exchange today, taking its total Source: Business Standard | Front Page Headlines | 17 Mar 2008 | 6:54 pm
