The government paid out a staggering Rs40,000 crores as income tax refunds in the last financial year and Mumbaikars got more than 30% of it. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 11:45 am
The global economy may be slowing down, the markets may be crashing and businessmen may be worried about future growth, but one thing is unlikely to change: annual increments. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 11:44 am
NEW DELHI (Reuters) - Recommendations by the pay panel for salary increases for federal government workers will cost 125.61 billion rupees ($3.1 billion) in the fiscal year 2008/09, the panel's report posted on a government Web site said.
MUMBAI (Reuters) - The Indian joint venture of Italy's Fiat and India's Tata Motors will increase its total investment to 40.4 billion rupees ($1 billion) to expand a unit in Western India, an official from the state government of Maharashtra said on Monday.
NEW DELHI (Reuters) - India has no immediate plans to import wheat as it hopes to harvest a good crop later this month and replenish stocks, having had to ship in the grain over the last two years, the farm minister said on Monday.
BANGALORE (Reuters) - U.S. business software maker VMware Inc aims to invest $100 million in India by 2010 and will double its staff in the Asian country to more than 1,000 in two years, the company said in a statement on Monday.
ICICI Bank Monday said it had bought back and retired bonds with a face value of $50 million out of the $750 million bonds that were due to mature in 2012, its second such transaction in March. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 11:01 am
Information and Broadcasting Minister Priyaranjan Dasmunshi will inaugurate FICCI-Frames 2008, a global convention on the business of entertainment, here Tuesday. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 11:00 am
NEW DELHI (Reuters) - Dell Inc, the world's second-biggest personal computer maker, saw revenues from India up 60 percent at $700 million in 2007, Rajan Anandan, vice president and general manager at Dell India, said on Monday.
GUNTUR, India (Reuters) - India's chilli output was expected to rise on expanded acreage this year, but lower yield due to unseasonal rains might see it steady at 1.2 million tonnes, traders and exporters said.
Hefty salary hikes await some four million employees of the Indian central government with effect from January 2006 if the recommendations of the sixth Pay Commission get the official nod. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 10:30 am
Chhattisgarh has earned around Rs.7 billion royalty on coal, bauxite and iron ores during the first nine months of the current fiscal 2007-08, officials here said Monday. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 10:30 am
The Sixth Pay Commission has recommended a fixed monthly salary of Rs.90,000 for the heads of the army, navy and air force, while suggesting huge across-the-board benefits for armed forces personnel. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 10:30 am
Prime Minister Manmohan Singh Monday said the government was committed to further development of nuclear energy, both as an environment-friendly source of power and as a means of widening the energy basket available. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 10:30 am
Budget '08 may only add set of woes to IT industry Economic Times - 1 hour ago In the run up to Budget 2008, IT pundits were hopeful that the FM would announce a set of proposals to support the industry's continued growth; ultimately, the industry's expectations fell victim to a broader set of election-targeted strategies that ... Anti-abuse provision decipheredBusiness Standard all 2 news articles
Tata Motors of India is finally set to become the new owners of two of the world's best-known luxury car models - Jaguar and Land Rover - on Wednesday. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:13 am
MUMBAI (Reuters) - Indian shares provisionally ended up 2.35 percent on Monday, led by gains in banks and financial stocks and top infrastructure play Larsen & Toubro Ltd.
NEW DELHI (Reuters) - An Indian pay panel recommended on Monday an increase in pay and other benefits for federal government workers that would cost 125.61 billion rupees ($3.1 billion) in the fiscal year 2008/09 if taken up.
The Bombay Stock Exchange benchmark Sensex on Monday regained the 15K level by adding nearly 294 points on heavy buying into blue-chip stocks, particularly in the banking sector. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 9:43 am
MUMBAI (Reuters) - India's gold demand was up on Monday after a 9 percent drop from last week's all-time high encouraged people to buy moderate quantities of the metal, dealers and traders said.
A new Telugu daily Sakshi has been launched in Andhra Pradesh by Chief Minister Y.S. Rajasekhara Reddy's son Y.S. Jagan Mohan Reddy, who stressed that it would not be a mouthpiece of the Congress party. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 8:32 am
An estimated four million employees of the central government will get up to 40 percent hike with effect from Jan 1, 2006, if the recommendations of the Sixth Pay Commission submitted Monday is accepted. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 8:32 am
Lord Karan Bilimoria's Cobra Beer is mulling at least two more acquisitions of breweries in India as part of plans to invest some $50 million in the country towards expansion and grab a 10 percent market share. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 8:30 am
MUMBAI (Reuters) - A much-anticipated increase in salaries for government employees will threaten India's drive to consolidate its public finances and make a near-term cut in interest rates difficult, Morgan Stanley said on Monday.
With the new international airport commencing operations near here, the brand image of Hyderabad is to go up, attracting more investment in IT, biotechnology and other industries. Source: IndiaeNews.com: Business News | 24 Mar 2008 | 7:00 am
Hyderabad, March 23 On Sunday, Varun, 10, woke up to a quiet morning. It was a pleasant change for his sister and parents too as it was only the crows and doves that were making noise and not the bustling ‘big birds’ landing and ... Source: Business Line - Home Page | 24 Mar 2008 | 12:00 am
The Centre’s move to cut the Customs duty on all edible oils helped crude palm oil on Malaysia Derivatives Exchange on Friday. When the trade opened, the benchmark June contracts declined 133 ringgits or four per cent compared with its ... Source: Business Line - Home Page | 24 Mar 2008 | 12:00 am
Hyderabad, March 23 Agni-1, India’s workhorse missile with a range of 700 km, has attained full operational capability following a successful test-fire from the Wheeler Island, off Orissa coast on Sunday. At 10.15 a.m. scientists ... Source: Business Line - Home Page | 24 Mar 2008 | 12:00 am
New Delhi, March 23 The Government has decided to de-link the issue of cess on crude oil from the other approvals required by Cairn India for laying a pipeline to transport the produce from Rajasthan to the delivery point in Gujarat. ... Source: Business Line - Home Page | 24 Mar 2008 | 12:00 am
Pune, March 23 The poultry industry has a reason to cheer as the Union Minister of Agriculture, Mr Sharad Pawar, has assured a delegation of poultry farmers that he would look into their problems and explore the possibility of extending the ... Source: Business Line - Home Page | 24 Mar 2008 | 12:00 am
Revellers may have made last weekend memorable with more than just a riot of colours. Source: Daily News & Analysis: Money News | 23 Mar 2008 | 10:37 pm
Economists are now warning of a prolonged spell of inflation close to or above the 6% range due to supply-side paralysis and global commodity price-fires. Source: Daily News & Analysis: Money News | 23 Mar 2008 | 10:36 pm
The long search for the chairman and managing director of Air India and Indian Airlines combine (Nacil) may well end in a surprise. Source: Daily News & Analysis: Money News | 23 Mar 2008 | 10:36 pm
Is Russian truck maker Kamaz Inc finally entering India through a joint venture with Tatra Vectra Motors? Source: Daily News & Analysis: Money News | 23 Mar 2008 | 10:35 pm
Banks have had a great time in the past two years, selling exotic derivatives to their corporate clients and ladling big fees in the process. Source: Daily News & Analysis: Money News | 23 Mar 2008 | 10:33 pm
Debt funds, broadly classified as income funds and bond funds, look set to be good investment alternatives for those overwhelmed by the rate. Source: Daily News & Analysis: Money News | 23 Mar 2008 | 10:33 pm
A majority of brokerages expect the bellwether Sensex to hover at 19,000 by the end of this calendar year, according to a poll conducted by Business Standard among top local brokerage houses.?? Source: Business Standard | Front Page Headlines | 23 Mar 2008 | 6:38 pm
358 of 413 drug patent applications for the disease in India are from top multinationals.?? Source: Business Standard | Front Page Headlines | 23 Mar 2008 | 6:36 pm
Turkey has offered to consider a
Free Trade Agreement (FTA) with India as it plans to increase the
bilateral trade to USD 10 billion annually by 2012,
Turkish Minister for Foreign Trade Kursad Tuzmen has said. Source: Zee News : Business | 23 Mar 2008 | 12:23 pm
Petroleum prices will range between USD80 and USD110 per barrel for the rest of 2008, Opec President Chakib Khelil said on Saturday. Source: Zee News : Business | 23 Mar 2008 | 12:23 pm
The chairman of Italian airline Air One said in comments published on Saturday that his company was ready to make a new offer for Alitalia but needed three weeks to study the ailing airliner`s books. Source: Zee News : Business | 23 Mar 2008 | 12:23 pm
Taking note of concerns that a
circuit limit on first day of trading could hamper price
discovery, market regulator SEBI has asked the bourses to do
away with imposition of such price bands in the case of
non-IPO share listings. Source: Zee News : Business | 23 Mar 2008 | 12:23 pm
US Cola Giant Coca Cola has said
that rival Pepsi is slightly ahead but the Atlanta-based
company is determined to push India among its top five markets
on the strength of its "advantage portfolio" here. Source: Zee News : Business | 23 Mar 2008 | 12:23 pm
The Prime Minister`s Economic
Advisory Council has retained its projection for economic
growth at 8.5 percent for the next fiscal, despite a slowdown
in the industrial sector, rising inflation rate and global
uncertainty. Source: Zee News : Business | 23 Mar 2008 | 12:23 pm
