India has withdrawn tax refund schemes for exports of steel, cement, and non-basmati rice as domestic prices are high and local supplies need to be increased, the trade secretary said on Friday. Source: Zee News : Business | 28 Mar 2008 | 12:27 pm
The US economy could be slipping into recession and the Federal Reserve must cushion the pain, a top Fed policy-maker said on Thursday in remarks supporting hopes for more interest rate cuts. Source: Zee News : Business | 28 Mar 2008 | 12:27 pm
India`s main stock index Bombay Stock Exchange (BSE) opened 0.26 percent higher on Friday, led by tata Steel and ITC. Source: Zee News : Business | 28 Mar 2008 | 12:27 pm
Major US stock indices were led lower Thursday by earnings worries at banks hit by the mortgage crisis and at technology giants Oracle and Google. Source: Zee News : Business | 28 Mar 2008 | 12:27 pm
Bank of America Corp said it has agreed to pay USD 28 million to Countrywide Financial Corp chief operating officer David Sambol to induce him to run the merged companies` consumer mortgage operations. Source: Zee News : Business | 28 Mar 2008 | 12:27 pm
Mitsubishi`s Australian factory has built its last cars — three of them for charities and one for permanent display — and will close on Friday after 28 years in operation. Source: Zee News : Business | 28 Mar 2008 | 12:27 pm
HANOI/NEW DELHI (Reuters) - Major rice exporters Vietnam and India on Friday said they will curb overseas sales more in an effort to combat food inflation, threatening to heighten the world's anxiety over staple food supplies.
NEW DELHI (Reuters) - Trade Minister Kamal Nath said on Friday rising inflation was a matter of concern and the government was trying to increase supplies of key commodities to check prices.
MUMBAI (Reuters) - Power utility Tata Power Co Ltd may sell stakes in holding companies and assets to help fund its $6 billion capacity expansion plans, the company said in a presentation that was published on Friday.
After removing tax deduction at source on corporate bonds, the government now plans to allow repurchase options in such commercial paper, Finance Minister P. Chidambaram said Friday. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 11:02 am
With Jaguar and Land Rover firmly in its stable, India's Tata group has moved across to Spain and lapped up Serviplem, a globally ranked Spanish construction and equipment company based in Zaragoza, by acquiring a strategic 79 percent stake in it. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 11:01 am
MUMBAI (Reuters) - India's gold demand remained slow on Friday though prices were down on weaker crude oil and profit-taking ahead of the financial year ending.
NEW DELHI (Reuters) - India's main stock index provisionally closed 2.41 percent higher on Friday, posting its biggest weekly gain in five months, led by Reliance Industries and Larsen & Toubro Ltd.
Modular commercial flooring company InterfaceFlor India Pvt Ltd has decided to tap into the booming construction sector in Tamil Nadu by opening an office here to boost the marketing of its products in the state. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 10:02 am
Central Coalfield Limited (CCL), one of the key subsidiaries of Coal India Limited (CIL), has posted a profit of Rs.2.66 billion through e-auction of coal in the current financial year. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 10:02 am
Aptech Limited, the global learning solutions company, has featured in SalesTrainingIndustry.com's Top Sales Training Companies list for 2008. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 10:01 am
At a time when most IT majors are going for large scale lay-offs, Ushacomm India, a Rs.30 billion Usha Martin Group company, is all set to go on a recruitment spree to strengthen the manpower of its Kolkata-based Business Support Systems (BSS) and Operations Support System (OSS) services for 2008-09. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 10:01 am
LONDON (Reuters) - Oil eased to near $107 a barrel on Friday as crude flows though Iraq's pipeline system were restored after disruption by a bomb attack a day earlier.
TOKYO (Reuters) - Mitsubishi Heavy Industries said it would launch a $1 billion project to build Japan's first passenger jet, entering a market dominated by Canada's Bombardier Inc and Brazil's Embraer.
NEW DELHI (Reuters) - The government has withdrawn tax refund schemes for exports of steel and cement as domestic prices of both commodities are high and local supplies need to be increased, the trade secretary said on Friday.
The Anil Ambani promoted Reliance Energy has bought back 650,000 equity shares of the company since the start of the offer on Tuesday. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 9:20 am
Surge in prices of metal and food items pushed inflation rate growth by 6.68 per cent, the highest ever in the past one year. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 9:17 am
NEW DELHI (Reuters) - Inflation raced past 6 percent in mid-March to its highest in nearly 14 months, raising market expectations that the Reserve Bank of India (RBI) may have to respond and sending the rupee to its highest in a month against the dollar.
The Anil Ambani promoted Reliance Energy has bought back 650,000 equity shares of the company since the start of the offer Tuesday at nearly Rs.1,279.23 a share aggregating Rs.831.5 million ($21 million). Source: IndiaeNews.com: Business News | 28 Mar 2008 | 8:31 am
The Indian equities market opened in the green Friday with a modest positive gap, riding on strong cues from other Asian markets. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 7:43 am
Cartridge World, the $450 million Australian printer cartridge chain promoting the concept of refill and reuse cartridge is expanding its Indian presence, a company official said. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 6:01 am
Commercial refrigeration major Blue Star Limited will be focussing on the residential segment with its range of energy labelled air conditioners. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 6:00 am
Indian entertainment major Pyramid Saimira Group is planning to open a total of 2,000 movie screens, a mix of multiplex and individual ones, across India by 2010. It has also made a foray into the Chinese entertainment industry, the fastest growing in the world. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 5:01 am
Mumbai, March 27 The ‘Deccan’ brand is likely to be extinguished once the merger of Deccan Aviation and Kingfisher Airlines is completed, quite in reversal of what was last said on the matter.“Deccan will cease to ... Source: Business Line - Home Page | 28 Mar 2008 | 12:00 am
Chennai, March 27 About 532 companies have borrowed a little over $25 billion (or about the equivalent of Rs 1 lakh crore) through external commercial borrowings (ECBs) during the first 10 months of the current fiscal according to information ... Source: Business Line - Home Page | 28 Mar 2008 | 12:00 am
As part of efforts to prepare Indian banks for compliance with new risk management norms under Basel II, sector regulator Reserve Bank of India (RBI) issued guidelines. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:57 pm
Apnaloan.com has launched a service that promises to provide details on various loan or insurance offers within 60 seconds of receiving an SMS. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:56 pm
Indian Depository Receipts, the revised guidelines for which were formulated in mid-2007, have found no takers so far. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:55 pm
India Cements is setting aside Rs 2,010 crore to boost its production capacity to about 14 mtpa by December 2008 through de-bottlenecking, upgradation of production facilities. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:51 pm
Bharat Forge is looking increasing contribution from non-automotive business by several percentage points each year to reach about 40%. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:50 pm
M P Bharucha, one of the foremost solicitors in the country, is busy setting up his new office in south Mumbai. Put differently, he is opening a fresh chapter in his life. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:49 pm
He did not say whether Kingfisher will have low-fare flights or what happens to those who have made advance bookings for no-frills Deccan flights. Source: Daily News & Analysis: Money News | 27 Mar 2008 | 10:48 pm
India's largest crude oil producer Oil and Natural Gas Corporation (ONGC) is on the verge of reporting ?losses? on every barrel of crude oil that it sells due to the high subsidy burden that it has to Source: Business Standard | Front Page Headlines | 27 Mar 2008 | 6:36 pm
Mumbai-based financial services firm Prime Securities Ltd today announced that it would be setting aside Rs 23 crore ($5.7 million) as a provision for losses suffered during the recent stock market Source: Business Standard | Front Page Headlines | 27 Mar 2008 | 6:35 pm
