Pointing out that inflation rate
is a little beyond comfort zone, the Prime Minister`s economic
advisory council on Wednesday said the current situation is not
favourable for a cut in interest rates. Source: Zee News : Business | 20 Mar 2008 | 11:57 am
India is the top receiver of remittances from abroad in 2007, followed by China and Mexico, according to the World Bank`s Migration and Remittances Fact book 2008, released here Wednesday. Source: Zee News : Business | 20 Mar 2008 | 11:57 am
Japan woke up Thursday without a central banker for the first time in more than eight decades, amid domestic political bickering and at a time of global financial turmoil. Source: Zee News : Business | 20 Mar 2008 | 11:57 am
Morgan Stanley, which reported the first loss in its history three months ago, said earnings fell 42 percent, less than analysts estimated, as investment banking fees dwindled and loan values declined. Source: Zee News : Business | 20 Mar 2008 | 11:57 am
Gold dropped more than 2 percent to its lowest level in a month on Thursday amid a broad-based sell off in commodities and as funds cashed in after pushing the metal to a record above $1,000 an ounce this week. Source: Zee News : Business | 20 Mar 2008 | 11:57 am
Siemens VAI Metals Technologies on Wednesday said it has received a `three-digit-million-Euro` order from Steel Authority of India to supply turnkey process technology to the steel major`s new cold rolling mill at the Bokaro Steel Plant. Source: Zee News : Business | 20 Mar 2008 | 11:57 am
MUMBAI (Reuters) - India's net external liabilities were $69 billion at the end September 2007, down from $80 billion a quarter earlier, Reserve Bank of India data showed.
NEW DELHI (Reuters) - The government will cut import duties on edible oils and the extent of the reduction will depend on international prices, a senior government source said on Thursday, without giving further details.
DUBLIN (Reuters) - Acquisitive Irish building materials group CRH Plc will enter the Indian market after agreeing to buy 50 percent of cement maker My Home Industries Limited (MHIL) for 290 million euros ($456 million).
NEW DELHI (Reuters) - Indian inflation accelerated to close to 6 percent in early March, a ten-month high far above where the Reserve Bank of India (RBI) wants it, and analysts said the unexpected spurt meant more months of tight monetary policy despite signs of slowing growth.
ROME (Reuters) - Italy's Silvio Berlusconi, who is campaigning to become prime minister again in April's election, says his sons could join an alternative bid for Alitalia if Air France-KLM pulls out.
MUMBAI (Reuters) - Axis Bank is considering issuing bonds worth 1 billion Malaysian ringgits ($315 million) in 2008, two sources said on Thursday, following the lead of the country's biggest bank, State Bank of India.
Diamond Power Infrastructure Ltd has bagged a Rs.620 million rural electrification contract for erection and commissioning of distribution lines for the entire Bhavnagar district in Gujarat, the company announced Wednesday. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 8:00 am
SINGAPORE (Reuters) - Jewellers across Asia rushed to buy gold on Thursday after prices tumbled more than $100 an ounce since spiking to a record above $1,000 an ounce this week, pushing up premiums in key bullion trading centres.
SINGAPORE (Reuters) - Gold dropped more than 2 percent to its lowest level in a month on Thursday amid a broad-based sell off in commodities and as funds cashed in after pushing the metal to a record above $1,000 an ounce this week.
The petroleum ministry has approved Essar Oil's proposal seeking interconnection with the Indian Oil Corp's (IOC) Salaya-Mathura trunk crude oil pipeline at Vadinar in Gujarat, said a ministry official. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 7:32 am
Amul ice-creams may bring the smile back on the face of vanilla farmers in Kerala as its producer, the Gujarat Cooperative Milk Marketing Federation (GCMMF), has decided to use natural vanilla to flavour its products in place of synthetic ones. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 7:32 am
With the beginning of the summer season, Voltas Limited, a Tata group company, has launched two new premium category air conditioner models. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 7:31 am
After flooding the Indian markets with crackers and lamps during Diwali, it is now time for China-made merchandise to capture the imagination of those shopping for pichkaris and watercolours this Holi. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 7:30 am
The Jharkhand government has invited suggestions from industry before framing a policy to rehabilitate and resettle those people whose land is acquired for industrial projects. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 7:30 am
India is definitely booming but in order to sustain the competitive edge globally, its industry needs to effectively implement Six Sigma-based quality measures across all sectors, says an expert. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 6:00 am
MUMBAI (Reuters) - Time Warner Inc's AOL is close to selling its Bangalore call centre to India's Essar group for about $100 million in an all-cash deal, the Times of India reported on Thursday, citing sources.
The Sun Network group, which is targeting revenues of Rs.1 billion ($25 million) from its FM radio operations by 2010, is launching two more stations in Allahabad and Jabalapur under the 'S FM' brand. Source: IndiaeNews.com: Business News | 20 Mar 2008 | 4:00 am
Indian markets gave up 80 per cent of their gains today in a volatile day's trading as investors chose not to take a long view of the markets ahead of a long weekend despite boosters by the Federal Source: Business Standard | Front Page Headlines | 20 Mar 2008 | 12:29 am
New Delhi, March 19 In a bid to level the playing field between old and new telecom operators, the Department of Telecom has decided that all entities with a unified access licence will be eligible to bid for third generation (3G) mobile ... Source: Business Line - Home Page | 20 Mar 2008 | 12:00 am
New Delhi, March 19 Robust advance tax payments of large industrial and banking companies in the March 15 instalment may allay economic slowdown worries. The advance tax payments by many large corporate houses have increased by over 40 per ... Source: Business Line - Home Page | 20 Mar 2008 | 12:00 am
Imagine a bank’s balance sheet with utterly illiquid assets, which can neither be sold nor used as collateral for borrowing. Now, imagine an entire banking system saddled entirely with unmarketable and unliquifiable assets. Such ... Source: Business Line - Home Page | 20 Mar 2008 | 12:00 am
New Delhi, March 19 Suspense continues behind the sudden decision of the Government not to operationalise the new Hyderabad airport despite its inauguration by the UPA Chairperson, Ms Sonia Gandhi, on March 14. While there is no ... Source: Business Line - Home Page | 20 Mar 2008 | 12:00 am
Mumbai, March 19 The signals were already there, but the thin participation at Tuesday’s auction of office plots in Mumbai quite reinforced the downtrend in the realty sector. The auction bids were much lower than the ones that ... Source: Business Line - Home Page | 20 Mar 2008 | 12:00 am
The Insurance Regulatory and Development Authority has been all for self-regulation in the areas of mis-selling and undercutting of premiums to garner business. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 11:07 pm
Aptech is planning to unlock the value of its equal joint venture in China by transferring it to a holding company and listing it in the US. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:52 pm
Ahmedabad-based AIA Engineering is scouting for land in a special economic zone to set up a 100,000 tonnes per annum (tpa) of mill internals manufacturing capacity. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:51 pm
Jyoti Structures Ltd (JSL), one of the top three transmission & distribution infrastructure companies, plans to tap opportunities in Africa. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:51 pm
State-owned Shipping Corporation of India (SCI), the county's biggest shipping firm by fleet size and revenues, is finally making an entry into the offshore segment. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:47 pm
Dubai government-owned investment firm Istithmar PJSC is keen on infusing more funds into budget airline SpiceJet Ltd when it goes for the next round of funding. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:46 pm
NetJets, a Berkshire Hathaway-owned general aviation firm, has announced its foray into the Indian aviation scene through a sales tie-up. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:45 pm
Champagne Indage, India's largest wine manufacturer, said it has identified another wine maker in Australia, which could more than triple its total capacity to 14 million cases a year. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:45 pm
For private telecom players like Reliance Communications and Airtel that are betting big on IPTV and WiMax, the race has begun even before the start-gun has been fired. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:44 pm
In a bid to develop the digital advertising market, media agency Lintas Media Group and digital agency Pinstorm are collaborating to offer a pay-for-performance model. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 10:39 pm
Chartered plane operators in India will have to scale up their global operations during next three years or they may perish, says global consultancy firm Ernst and Young. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 7:02 pm
India and a group of African nations Wednesday affirmed greater thrust on strengthening the bilateral economic ties by expanding both export and import to more items. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 7:01 pm
