Mecklai Financials has surveyed 45 companies and have come out with a list of cardinal sins that companies have tended to do. Jamal Mecklai of Mecklai Financials told CNBCTV18 that one sin was most companies did have risk management policies, but they didnt translate into processes. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 2:14 pm
ICICI Bank has bought 1% equity in Jaypee Infra at Rs 250 per share. Indias largest private sector bank has also pumped in Rs 900 crore as debt into the company. The peak valuation for Jaypee Infra was Rs 200 per share, so the bank has paid 7.5% more than the peak valuation. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 1:07 pm
Gokaldas Export has bagged a new order from Nike for supplies during the Olympics. Rajendra J Hinduja, EDFinance, Gokaldas Export said that the order is worth about half a million dollars at the start and will increase as they get closer to the Olympics. He added that their initial order was from sportsgiant Puma. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 12:44 pm
CNBCTV18 has learnt from sources that Religare Enterprise is close to acquiring a European institutional broking company. The acquisition is likely to be between USD 4050 million. The target company has a strong presence among institutional and retail clients in Europe. Religares Management has said it cannot comment on individual deals. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 12:32 pm
Rajiv Lall of IDFC, said 50% their revenues come from feebased income and 50% from nonfee based. He said there is a good investment opportunity for IDFC\'s PE after the recent correction. He doesn\'t see any any marked slowdown in infrastructure lending just yet. IDFC will look to deliver ROEs of over 20% over the longterm. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 11:08 am
NEW DELHI (Reuters) - Telecom equipment maker Nortel Networks Corp said on Tuesday it had won an order worth more than $100 million from Indian state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) to supply GSM lines in the southern part of the country.
NEW DELHI (Reuters) - Reliance Industries will close about 900 petrol stations as subsidised sales by dominant state firms makes private outlets unviable, but Shell and Essar Oil plan to continue operations.
The Indian entertainment and media industry will touch $27 billion by 2011 with at an annual growth rate of 16.7 percent - faster than its counterparts in Brazil, Russia and China, a new report said Thursday. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 9:33 am
With new FM stations mushrooming by the dozen in India, a study says radio advertising industry will gross Rs.18 billion ($450 million) by 2012 from the present Rs.6.2 billion ($155 million). Source: IndiaeNews.com: Business News | 25 Mar 2008 | 9:30 am
Sensex gained 429 points in early trade on Tuesday on emergence of buying in heavy-weight stocks, triggered by strong global cues. Source: Daily News & Analysis: Money News | 25 Mar 2008 | 9:30 am
NEW DELHI (Reuters) - Dell Inc, the world's No. 2 maker of personal computers, said on Tuesday it had tied up with Indian retailer Infinity Retail to sell its laptops and desktops through the Croma chain of stores from April.
MUMBAI (Reuters) - India's gold demand remained low-key on Tuesday as prices ticked up, but last week's tumble from all-time highs had sparked hopes of more falls, dealers and traders said.
NEW DELHI (Reuters) - India is likely to extend a tax-refund scheme and interest subsidies for exporters in the fiscal year 2008/09, Commerce Secretary G.K. Pillai said on Tuesday.
MUMBAI (Reuters) - Tata Motors Ltd was tight-lipped on Tuesday as speculation mounted that Ford Motor Co was set to announce this week the sale of its luxury brands Jaguar and Land Rover to the Indian firm.
Eicher Motors, the commercial vehicle unit of Eicher Motors Ltd, will replace its existing Skyline and Cruiser buses with a new range of light commercial vehicle (LCV) buses that will be the first in the country to meet all the specifications of the Indian buscode. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 8:38 am
Having crossed the Rs 1,000crore turnover mark, Shoppers Stop would continue to target the top 12 per cent of the market, positioning itself as a premium retailer in the country. In fact, the retail major plans to stick to its core business instead of making inroads into new retailrelated businesses. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 8:36 am
In an effort to boost its presence and up its sales, Dell Inc on Monday said that it would launch a lowcost personal computer for the domestic market next month. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 8:34 am
XL Telecom and Energy Ltd, the Hyderabadbased solar panel and solar cell maker, has bagged a Rs 153.9crore order from the European Union, to be delivered by 2009. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 8:32 am
NEW DELHI (Reuters) - India's main stock index rose more than 6 percent by Tuesday afternoon, led by gains in index heavyweights ICICI Bank and Reliance industries.
Caparo India, part of the Londonbased Caparo group, on Monday signed a technical agreement with Hyundai Motor Company, South Korea, to manufacture luxury buses for sale in the Indian market. Source: Moneycontrol Top Headlines | 25 Mar 2008 | 8:27 am
The heroic horse ride of 22-year-old Rani Laxmibai with her young adopted son Damodar Rao tied to her back to Kalpi escaping the British siege of Jhansi inspires many even today. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 8:12 am
MUMBAI (Reuters) - The Indian rupee climbed steadily in midday trade on Tuesday to its highest in nearly a month, tracking a sharp rise in the local stock market, as dealers expected more foreign capital to flow into local shares.
Utility vehicle manufacturing leader Mahindra and Mahindra (M and amp;M) is all set to put up a $1 billion tractor assembly plant in Tanzania, says Tanzanian Industries, Trade and Marketing Minister Mary Nagu. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 7:39 am
Tanzania is hoping to attract India's mammoth film industry to its vast green spaces and beaches, even as it is fast becoming a key gateway to the African continent for business enterprises. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 7:38 am
Indian entertainment and media (E and amp;M) industry is poised to grow at an annual rate of 16.7 percent by 2011, faster than its counterparts in Brazil, Russia and China, according to a report. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 7:36 am
Tata Chemicals will soon be setting up a $500 million soda ash manufacturing plant in Tanzania, says the country's Minister for Industries, Trade and Marketing Mary Nagu. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 7:33 am
For the first time, a 70-seater plane will land in Himachal Pradesh's scenic Kangra valley early next month, say officials. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 7:14 am
SINGAPORE (Reuters) - Gold rebounded on bargain hunting on Tuesday after the dollar resumed losses against the euro but weaker crude oil capped gains as it reduced the metal's appeal as a hedge against inflation.
The Indian equities markets opened Tuesday ahead of their previous close, mirroring the strong showing by other Asian markets. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 6:02 am
India's northeast has the potential to transform itself into the world's largest natural rubber producing region and the country's second rubber-based industrial park is being set up in Tripura to boost the industry. Source: IndiaeNews.com: Business News | 25 Mar 2008 | 4:43 am
Chennai, March 24 Mr Earl Wilkinson uses the analogy of a meteorologist tracking the progress of a storm on his radar to emphasise his point: that a storm in the overwhelming form of the Internet and digital migration is coming to eventually ... Source: Business Line - Home Page | 25 Mar 2008 | 12:00 am
The recent order bagged by Welspun Gujarat for supply of spiral pipes worth Rs 1,075 crore in Northern Africa reiterates confidence in the company’s growth prospects. This order, which was bagged against competition from players in ... Source: Business Line - Home Page | 25 Mar 2008 | 12:00 am
Sebi says its move to margin institutional trades in the cash market on a T+1 basis from April 21 is to create a level playing field. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:50 pm
The markets have been slip-sliding away of late and investors must be curious about a turnaround in the sentiment. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:49 pm
That Indian information technology (IT) companies are losing steam is well chronicled by now. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:48 pm
Last week, Maruti Suzuki India organised a grand ceremony near Rajkot (Gujarat), in which 20 people from the local panchayat were handed over car keys. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:47 pm
Three international hubs -- that's what seems to be on Jet Airways' mind to spearhead its global play. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:47 pm
The first blow to the FCCB party came in August 2007 when the RBI reduced the amount Indian companies can remit for capital expenditure to India from $500 million to $20 million. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:38 pm
Singapore-based Asia Pacific Breweries Ltd (APBL) will launch its flagship beer, Tiger, in India next year. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:36 pm
Noida-based EON PreMedia and US-based New England Typographic Service (NETS) have announced a joint venture, NETS EON India, to provide offshore digitisation services. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:35 pm
The board of Sanjay Dalmia-promoted GHCL gave in-principle approval for restructuring of the company and working out a detailed plan including seeking the approval of stakeholders. Source: Daily News & Analysis: Money News | 24 Mar 2008 | 10:34 pm
Mukesh Ambani-promoted Reliance Industries Ltd (RIL) is evaluating a plan to set up its third refinery at Jamnagar in an ambitious project to reach a total capacity of 100 million metric tonne per Source: Business Standard | Front Page Headlines | 24 Mar 2008 | 6:47 pm
