Small industries hold key to industrial progress: Ahluwalia!

Deputy chairman of the Planning Commission of India Montek Singh Ahluwalia has said small and medium enterprises (SME) hold the key to the country`s industrial progress.
Source: Zee News : Business | 22 Mar 2008 | 2:07 pm

IMF endorses wealth fund guide plan!

The International Monetary Fund on Friday endorsed staff plans to develop best practice guidelines for sovereign wealth funds and said it would meet with wealth funds in April to start working on an initial draft.
Source: Zee News : Business | 22 Mar 2008 | 2:07 pm

Principal mutual funds declares 400 pc dividend

Principal PNB Asset Management company on Saturday declared a 400 per cent dividend in its Principal Personal Tax Saver Fund.
Source: Daily News & Analysis: Money News | 22 Mar 2008 | 1:49 pm

Cheney, Saudi king share some common views on oil - U.S.

RIYADH (Reuters) - U.S. Vice President Dick Cheney and Saudi Arabia's King Abdullah shared some common views about factors in the oil market that have pushed prices to record highs, a senior U.S. official said on Saturday.

Source: Reuters: Business News | 22 Mar 2008 | 12:23 pm

Central banks in mortgage crisis talks - FT

LONDON (Reuters) - Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed securities in a bid to solve the global credit crisis, the Financial Times said on Saturday.

Source: Reuters: Business News | 22 Mar 2008 | 9:53 am

Bangladesh cut-price shops fail to meet demand

DHAKA (Reuters) - Bangladesh's cut-price shopping outlets are struggling to meet demand in the face of soaring food costs, officials and witnesses said on Saturday.

Source: Reuters: Business News | 22 Mar 2008 | 8:53 am

Weekly wrap: Sensex sheds 766 pts - Sify


Thaindian.com

Weekly wrap: Sensex sheds 766 pts
Sify - 6 hours ago
The Sensex recorded its second biggest single session loss on Monday last week (March 17 - 21, 2008) as weak global markets triggered a major sell-off in front line stocks.
Marketmen discount Fed rate cut Hindu Business Line
Technical view: Lack of fresh buying hurt the market Myiris.com
Economic Times - Thaindian.com
all 9 news articles

Source: Google News India - Business | 22 Mar 2008 | 8:49 am

Chidambaram hails TN budget - Hindu Business Line


Chennai Online

Chidambaram hails TN budget
Hindu Business Line - 6 hours ago
SIVAGANGA: Lauding the Tamil Nadu government for presenting a surplus budget, Mr P Chidambaram, Union Finance Minister, has appealed to all other State governments to prepare budgets without revenue deficit.
Tamil Nadu budget focusses on farmers, women Hindu
Budget copied, pasted from PC Newindpress
Economic Times - Business Standard - NDTV.com - Thaindian.com
all 36 news articles

Source: Google News India - Business | 22 Mar 2008 | 8:44 am

Hollywood re-assesses attitude towards India: Variety

Hollywood investors are now 'reassessing their previous cool attitude' towards India and major players like Viacom, Universal, Dream Works and Warner Bros. prefer to invest in the Indian entertainment industry compared to China, says Hollywood trade magazine Variety.
Source: IndiaeNews.com: Business News | 22 Mar 2008 | 8:30 am

Small industries hold key to industrial progress: Ahluwalia

Deputy chairman of the Planning Commission of India Montek Singh Ahluwalia has said small and medium enterprises (SME) hold the key to the country's industrial progress.
Source: IndiaeNews.com: Business News | 22 Mar 2008 | 5:30 am

Volatility in market in truncated week

Negative cues from the global markets and heavy selling by foreign institutional investors led the Indian market to suffer losses for the third straight week.
Source: IndiaeNews.com: Business News | 22 Mar 2008 | 5:30 am

Bumper potato crop leaves Gujarat farmers poor

Potato farmers in the Deesa region are at their wits' end trying to tackle a problem of plenty. A bumper harvest has left them worried as cold storages are packed to capacity and now the crop is lying in the open.`
Source: IndiaeNews.com: Business News | 22 Mar 2008 | 5:00 am

Delhi, the best e-governed state in India: survey

Delhi emerged as the best e-governed state in 2007, followed by Goa and Chhattisgarh, even as Karnataka and Gujarat plummeted in e-governance initiatives, a Dataquest-IDC e-Gov survey says.
Source: IndiaeNews.com: Business News | 22 Mar 2008 | 5:00 am

MTNL launches Video Phone calling service - Sify


MTNL launches Video Phone calling service
Sify - 10 hours ago
New Delhi: Expanding the services offered under its broadband services, state-owned MTNL today launched its Video Phone calling services, 'V Spyk' here.
Aksh Optifibre, MTNL launch IPTV in Mumbai Myiris.com
Aksh, MTNL Bring V Spyk, A-Tel Services Techtree.com
MyNews.in - Financial Express - Indiantelevision.com - EFYTimes (press release)
all 14 news articles

Source: Google News India - Business | 22 Mar 2008 | 4:52 am

IMF endorses wealth fund guide plan

WASHINGTON (Reuters) - The International Monetary Fund on Friday endorsed staff plans to develop best practice guidelines for sovereign wealth funds and said it would meet with wealth funds in April to start working on an initial draft.

Source: Reuters: Business News | 22 Mar 2008 | 1:45 am

Montek Singh Ahluwalia reassures banks on farm loan waiver

Planning Commission Deputy Chairman Montek Singh Ahluwalia has reassured the country's banking sector on the Rs.600 billion ($15 billion) farm loan waiver.
Source: IndiaeNews.com: Business News | 22 Mar 2008 | 1:30 am

Deal clears ground for new airport - Times of India


Moneycontrol.com

Deal clears ground for new airport
Times of India - 13 hours ago
HYDERABAD: When Shamshabad airport opens for business at midnight on Saturday, the job of ground handling of passengers' luggage would not be looked after by the two agencies appointed for the purpose.
Ground-handling firms to pay GMR lower revenues Business Standard
AAI, Indian staff flash strike begins at Hyderabad Hindu Business Line
Hindu - Sify - Economic Times - Moneycontrol.com
all 48 news articles

Source: Google News India - Business | 22 Mar 2008 | 1:18 am

Welcome Africa


Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

BIS maintains stance against Open XML

Microsoft disappointed; ISO decision after March 29
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Dairy products prices likely to decline in 2008-09

US is expected to step up exports on higher production
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Half the companies listed since 2006 ruling below offer price

Stocks across the sectors take a beating
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Forex reserves rise by $3 b on revaluation

The country’s foreign exchange reserves went up by $3.028 billion to $306.488 billion for the week-ended March 14. The increase is mainly on account of revaluation of currency assets. The dollar had depreciated against major ...
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Tata Sons increases stake in Nagarjuna refinery project

Marketing and crude supply agreements put in place
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

GTL drops out of race for stake in Tata tower firm

‘We are not interested in being a minority shareholder’
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Dearer food: No let-up in commodity prices

Mumbai, March 21 The Government measures to tame the rising commodity prices seem to have little impact as prices of some of them such as chana, yellow peas, masoor, turmeric, refined soya oil and mustard oil have jumped more than 10 per cent ...
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

IBM eyes major deals in healthcare, public utility services

New Delhi, March 21 Soon you may not have to carry your past medical records with you every time you visit a hospital. Technology giant IBM is in talks with leading healthcare service providers in the country to set up an integrated data ...
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Ban on surrogate ads may cost broadcasters Rs 200 cr a year

The Ministry of Information and Broadcasting’s recent decision to ban surrogate advertising may cost the broadcasters as much as Rs 200 crore a year. Taking into account print media ads, this could rise to Rs 250 crore, according ...
Source: Business Line - Home Page | 22 Mar 2008 | 12:00 am

Indian carriers can fly to US via Shanghai - Hindu


Thaindian.com

Indian carriers can fly to US via Shanghai
Hindu - 17 hours ago
NEW DELHI: Designated airlines of India and China will be entitled to operate to any three points beyond the two countries with not more than two points in one region.
Jet can fly to US via Shanghai Economic Times
China clears path for Jet’s hub in Shanghai Daily News & Analysis
Times of India - Livemint - The Statesman - Financial Express
all 16 news articles

Source: Google News India - Business | 21 Mar 2008 | 9:39 pm

Steel producers oppose regulator - Hindu


Thaindian.com

Steel producers oppose regulator
Hindu - 17 hours ago
NEW DELHI: Even as soaring steel prices have contributed in a large measure to the Wholesale Price Index-based inflation rate, primary steel producers here criticised the Ministry for suggesting the need for a regulator for the sector as they felt that ...
Steel producers oppose regulator Economic Times
Mr Paswan calls for reclassifying steel as SteelGuru
Times of India - Daily News & Analysis - Calcutta Telegraph - Thaindian.com
all 19 news articles

Source: Google News India - Business | 21 Mar 2008 | 9:37 pm

Irish group picks 50% in Andhra cement co for Rs 1840 cr - Economic Times


FinFacts Ireland

Irish group picks 50% in Andhra cement co for Rs 1840 cr
Economic Times - 17 hours ago
HYDERABAD: Irish building materials group CRH on Thursday announced the acquisition of a 50% stake in Hyderabad-based cement company, My Home Industries (MHIL) for 290 million euros (Rs 1840 crore).
Irish group takes half of My Home for Rs 1807 cr Sify
Irish co CRH picks 50% in AP cement firm for $456 m Hindu Business Line
Stock Watch - Reuters - Bloomberg - Times Online
all 37 news articles

Source: Google News India - Business | 21 Mar 2008 | 9:18 pm

Telecom players may soon ape Tata-Virgin model - Economic Times


Calcutta Telegraph

Telecom players may soon ape Tata-Virgin model
Economic Times - 17 hours ago
NEW DELHI: GSM players may be forced to respond to the Tata-Virgin deal, which analysts term as innovative, but not disruptive as the returns to service are lower than the industry average.
Review Tata, Virgin deal, GSM players urge DoT Hindu Business Line
DoT wants to know if mobile virtual networks can operate Livemint
TelecomTiger - Financial Express
all 15 news articles

Source: Google News India - Business | 21 Mar 2008 | 9:06 pm

Jhajjar SEZ has farmers in two minds

Kishan Kumar was a happy man a year ago, having pocketed more than Rs 4 crore from selling nearly 20 acres of fertile land to Reliance Industries Ltd for its 12,355-acre Special Economic Zone (SEZ) in
Source: Business Standard | Front Page Headlines | 21 Mar 2008 | 6:52 pm

GHIAL to get less revenue from ground-handling firms

GMR Hyderabad International Airport Ltd (GHIAL), the public-private consortium operating the first new airport to start commercial operations, has reduced the revenue stream from the two mandated
Source: Business Standard | Front Page Headlines | 21 Mar 2008 | 6:51 pm

BMW to source chassis and engines from India

German luxury carmaker BMW is evaluating over 100 component manufacturers in India to outsource engines and chassis for its global manufacturing operations, according to a board member. ??
Source: Business Standard | Front Page Headlines | 21 Mar 2008 | 6:50 pm

Monsanto, Greenpeace clash over GM brinjal safety in India

The MNC's seed partner doesn't want details of its safety test in the public domain. ??
Source: Business Standard | Front Page Headlines | 21 Mar 2008 | 6:48 pm

Genpact net income rises 42% on higher growth - Hindu Business Line


TopNews

Genpact net income rises 42% on higher growth
Hindu Business Line - 20 hours ago
New Delhi, March 21BPO (Business Process Outsourcing) firm Genpact has posted 42 per cent rise in net income for the full year 2007 at $56.4 million, as growth from existing global clients and from GE boosted earnings.
Genpact eyes domestic ITeS BPO market Economic Times
Genpact to target Asian clients; says skirts US slump Reuters India
Business Standard - Houston Chronicle - Business Wire (press release)
all 26 news articles

Source: Google News India - Business | 21 Mar 2008 | 6:42 pm

Goldman, Lehman outlooks cut to 'negative' by S&P

NEW YORK (Reuters) - Goldman Sachs Group Inc's and Lehman Brothers Holdings Inc's credit rating outlooks were cut on Friday by Standard & Poor's, which said volatile markets could result in lower profit and revenue.

Source: Reuters: Business News | 21 Mar 2008 | 5:04 pm

'Race' makes a good start in Mumbai

The movie 'Race' made by Tips Films opened to an average 80 per cent collection in Mumbai theatres.
Source: IndiaeNews.com: Business News | 21 Mar 2008 | 2:30 pm

'Race' memorabilia on sale at eBay

Tips Industries Limited, which released the action movie 'Race' Friday, has joined with eBay, an online auction portal, to boost ticket sales of the movie.
Source: IndiaeNews.com: Business News | 21 Mar 2008 | 2:30 pm

Food Corp begins wheat purchases from Gujarat

The Food Corp of India (FCI) has begun procuring wheat from Rajkot agriculture market yard from Friday at the rate of Rs.200 per 20-kg, market sources said.
Source: IndiaeNews.com: Business News | 21 Mar 2008 | 1:31 pm

Champagne Indage to acquire Loxton winery for $60 mn

Champagne Indage Ltd (CIL), one of the leading wine companies in India, will acquire Australian Vintage's Loxton winery for $60 million (Rs.2.4 billion) in an all cash transaction.
Source: IndiaeNews.com: Business News | 21 Mar 2008 | 1:02 pm
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