Ajit Gulabchand, CMD, HCC, said the entire procurement process has to be streamlined to meet the speedy, high quality requirement of building infrastructure today which calls for a very sound and fair contract document. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 3:25 pm
Indra Nooyi, Chairperson and CEO, PepsiCo, said, \"I am not an economist or expert on micro economics. I read the newspapers just as everybody else does and there are bulls and bears. The bulls will say its a short downturn and things will come back in early 2009 while there is bears that believe the downturn will be more prolonged. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 1:46 pm
Its a big land bonanza for the residents of urban Andhra Pradesh. The State Assembly has decided to repeal the Urban Land Ceiling Act freeing 28,000 acres of land. That means realestate prices are set to go down, reports CNBCTV18. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 1:41 pm
Finance Secretary D Subbarao said the Cabinet Committee on prices will meet on Monday to consider the price situation, reports CNBCTV18. He added that the rise in inflation is due to high global commodity prices. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 1:34 pm
An Indian company named Spykar is changing the equations in the Rs 20,000 crore branded apparel industry that includes the likes of Levis, Wrangler and Pepe. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 1:18 pm
Its that time of the year when luxury brands come in to sharp focus. According to the Nielsen Company\'s Designer Brand Survey, India is among the top 3 most designer brand conscious countries in the world. And topping our designer shopping list are Calvin Kline, Gucci, and Diesel Source: Moneycontrol Top Headlines | 29 Mar 2008 | 1:08 pm
While Bangalore\'s new airport remains unopened, the airport at Shamshabad has been inaugurated and attracted villagers who wanted to see the flight take off creating a bit of chaotic situation. The airport still seems to be suffering teething problems, reports CNBCTV18. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 12:56 pm
All major consumer durable manufacturers are increasing ENM spends this year, starting summer. This is despite the price hikes and a slowdown that the sector has been coping with since the past 12 months. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 12:48 pm
Tamil Nadu faces one of its biggest power crisis ever. With demand exceeding supply for the first time in a decade, the State Electricity Ministry has announced compulsory load shedding in the industrial areas. The worst hit are IT companies and manufacturing units, reports CNBCTV18. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 12:22 pm
The Department of Telecom (DoT) has asked Research in Motion, the company that offers BlackBerry technology to look at the possibility of setting up a server in India. The government feels this will enable security agencies to monitor emails sent by blackberry users, reports CNBCTV18. Source: Moneycontrol Top Headlines | 29 Mar 2008 | 12:11 pm
The Bush administration is finalizing a plan to rescue thousands of homeowners facing foreclosure by helping them refinance into more affordable loans, the Washington Post reported in its Saturday edition. Source: Zee News : Business | 29 Mar 2008 | 11:59 am
The European Commission said on Saturday it would rule on Tata Motor`s takeover of Jaguar and Land Rover from Ford by the end of April after the Indian company notified the deal to Europe`s top antitrust watchdog. Source: Zee News : Business | 29 Mar 2008 | 11:59 am
The United States is ready to make significant agricultural concessions to reach a new world trade deal if other countries open their markets to more US exports, President George W Bush said on late Friday. Source: Zee News : Business | 29 Mar 2008 | 11:59 am
The International Monetary Fund (IMF) has proposed a few changes in its voting mechanism to give larger developing countries like India a little more say in the running of the 185-nation lending organisation. The proposed compromise changes approved by the IMF board here Friday would increase India`s votes to 2.34 percent, up by a mere 0.42 points percentage points, while the total power of developing nations would go up by just 1.6 points. Source: Zee News : Business | 29 Mar 2008 | 11:59 am
The US and Australia have said they would work together to try to bring the Doha round to a successful close, but it would take many others countries, including India, doing their part. Source: Zee News : Business | 29 Mar 2008 | 11:59 am
Gujarat Venture Fund Limited (GVFL) has raised Rs.600 million for its SME (small and medium enterprises) Technology Venture Fund. Source: IndiaeNews.com: Business News | 29 Mar 2008 | 9:02 am
MUMBAI (Reuters) - India has given the green light to the tie-up between telecoms operator Tata Teleservices and UK's Virgin Mobile, after it was convinced the combination was legal, the Economic Times newspaper said on Saturday.
SHANGHAI (Reuters) - China will keep monetary policy tight for now but recognises it might need to adjust the strength and timing of policy in response to changes in the global economy, a vice governor of the central bank said.
It was a buoyant week for the Indian equities market which registered its second biggest single day rally in points and ended on a firm note, shrugging off the high inflation data announced Friday. Source: IndiaeNews.com: Business News | 29 Mar 2008 | 5:32 am
International luxury brands might have carved a profitable niche for their products in India, but experts here believe their growth in the apparel industry is still a distant dream. For now, their sales of accessories are on an unprecedented high. Source: IndiaeNews.com: Business News | 29 Mar 2008 | 5:30 am
WASHINGTON (Reuters) - The Bush administration is finalizing a plan to rescue thousands of homeowners facing foreclosure by helping them refinance into more affordable loans, the Washington Post reported in its Saturday edition.
WASHINGTON (Reuters) - The U.S. Treasury Department will propose on Monday that the Federal Reserve be given sweeping new powers that would make it chief regulator with authority to take actions to ensure market stability.
NEW YORK (Reuters) - Stocks may struggle to make headway next week, with jobs data expected to provide more evidence of recession and more companies likely to revise their guidance as the earnings reporting season approaches.
ROME (Reuters) - Air France-KLM agreed on Friday to take on an extra 12 percent of Alitalia's ground service workers, but unions fighting its bid for the ailing Italian carrier rejected the concession as inadequate.
Mumbai, March 28 Expressing concern over high rate of inflation, the Union Finance Minister, Mr P. Chidambaram, said here today that the Government will soon decide whether it should sacrifice a bit of growth to contain inflation. Eight per ... Source: Business Line - Home Page | 29 Mar 2008 | 12:00 am
New Delhi, March 28 Inflation shot past the 6 per cent mark to touch its highest levels in nearly 14 months, bolstering speculation that the Reserve Bank of India may have to intervene with a rate hike in the near future. The ... Source: Business Line - Home Page | 29 Mar 2008 | 12:00 am
Mumbai, March 28 The Union Finance Minister, Mr P. Chidambaram, today made out a case for banks paying higher wages to its employees. While speaking at the inauguration of Union Bank of India’s 100 per cent Core Banking Service, ... Source: Business Line - Home Page | 29 Mar 2008 | 12:00 am
WASHINGTON (Reuters) - Lockheed Martin Corp on Friday beat out Boeing Co to win a $766 million contract to develop a next-generation radio system for aircraft, ships and ground stations, the Pentagon said.
SBI Life, which would complete seven years in business on March 29, 2008, has pipped Bajaj Allianz in terms of first year premium collections in February. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 11:07 pm
WASHINGTON (Reuters) - The United States is ready to make significant agricultural concessions to reach a new world trade deal if other countries open their markets to more U.S. exports, President George W. Bush said on Friday.
WASHINGTON (Reuters) - The International Monetary Fund on Friday cautiously backed plans to redistribute voting power among its 185 member countries, with some emerging and developing economies gaining more influence and others losing.
ICI India has decided to sell its adhesives business to the Indian affiliate of the Germany's Henkel group for Rs 260 crore. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:41 pm
Gujarat NRE Coke, the low-ash metallurgical coke maker, is planning to invest $425 million in the next three years to develop its mines. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:39 pm
Anticipating a surge in exports and also to meet competition coming in the form of Tata Nano's production numbers, Maruti has decided to complete the one million unit capacity expansion. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:39 pm
A few of years ago, Mumbai-based Vardhman Developers bought the "Cotton Exchange" building, situated in the heart Zaveri Bazaar, the famous jewellery market. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:38 pm
Inflation is stalking the nation; at 6.68% for the week ended March 15, 2008, the wholesale price index has hardened by 76 basis points. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:37 pm
Equity markets have undergone quite a bit of consolidation in the last few weeks. For a retail investor,stock-picking now seems much riskier than earlier. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:37 pm
Four Soft and Take Solutions, both supply chain management (SCM) products and solutions companies, have agreed to merge to create one of the biggest SCM. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:36 pm
In a minor trend reversal, legacy carriers Indian, Jet Airways and JetLite (formerly Air Sahara) regained some of their lost market share in February. Source: Daily News & Analysis: Money News | 28 Mar 2008 | 10:35 pm
The government and the Reserve Bank of India indicated that they could take more fiscal and monetary measures to contain inflation rate within the central bank's comfort zone of below 5 per cent.?? Source: Business Standard | Front Page Headlines | 28 Mar 2008 | 6:40 pm
Dubai-based TECOM, the promoter of Dubai Internet City, is planning more investments in Kerala, said company chairperson Ahamad Bin Bayat here Friday. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 5:00 pm
The Rajiv Gandhi International Airport, Shamshabad, which began its operations early Sunday, has handled 93,000 passengers in the past five days. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 4:30 pm
MUMBAI/AHMEDABAD (Reuters) - Policymakers signalled their concern about price pressures after inflation hit a 14-month high on Friday and the finance minister said India could give up a bit of growth to bring it down.
Union Finance Minister P. Chidambaram Friday hinted that interest rate may go up in the coming days in order to curb the inflation rate. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 3:30 pm
Stray animals on the runways are fast turning into a major safety nightmare in most airports across the country as Thursday night's incident of a Kingfisher Airlines plane hitting a stray dog on the runway shows. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 3:00 pm
India will seek to rationalise its high customs duty on luxury goods but maintain a high tariff on imported wines and spirits due to 'discrimination' against Indian liquor, union Commerce Minister Kamal Nath has said. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 2:01 pm
The Jharkhand government has set a five-year deadline to establish new industries under its proposed rehabilitation and resettlement (R and amp;R) policy. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 1:32 pm
India's annual rate of inflation, based on wholesale prices, rose sharply to a 13-month high of 6.68 percent for the week ended March 15, exerting pressure on the central bank that has targeted to keep it below 5 percent. Source: IndiaeNews.com: Business News | 28 Mar 2008 | 1:31 pm
