NEW DELHI (Reuters) - Reliance Industries Ltd believes a 38.1 million cubic feet a day gas find off the east coast is commercially viable and will submit an appraisal plan within 60 days, a company source said, helping the firm's shares rise.
SINGAPORE (Reuters) - Britain's Barclays plans to set up a private bank in India and hire 100 people by the end of the year to serve rich entrepreneurs, the Financial Times reported on Monday.
MUMBAI (Reuters) - Gold market saw low-key buying on Monday as prices hardened taking cues from overseas markets, where continued fund inflows helped the metal rebound from its recent lows.
Auto major Mahindra and Mahindra (M and amp;M) will be investing an additional Rs.15 billion in the development of the Chakan Greenfield automotive production project coming up near Pune. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 8:31 am
MUMBAI (Reuters) - Mahindra & Mahindra Ltd, India's top utility vehicle maker, said on Monday it would invest 40 billion rupees ($1 billion) in a new plant as it steps up capacity to take on increasing competition.
The Indian equities market extended its losses in afternoon trade Monday on fresh selling in index pivotals. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 8:30 am
Engineering and construction major Larsen and amp; Toubro Ltd (L and amp;T) has bagged a Rs.5.76 billion order from Hindustan Petroleum Corporation Ltd (HPCL). Source: IndiaeNews.com: Business News | 31 Mar 2008 | 8:30 am
TOKYO (Reuters) - U.S. investment bank Lehman Brothers will file a lawsuit on Monday against Japanese trading house Marubeni Corp, saying it was defrauded of more than $355 million, a source with direct knowledge of the matter said.
The Indian equities market opened in the red Monday, tracking its global peers. In initial trade, technology and banking counters witnessed selling pressure. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 7:03 am
As wheat procurement season starts in north India, the farming community in Punjab and Haryana - which account for over 50 percent of the nation's food grain pool - is up in arms against a central government decision to ban the sale of wheat to private players. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 7:00 am
MUMBAI (Reuters) - The Indian rupee strengthened to a one-month high on Monday as it was lifted by corporates pulling money back for the fiscal year-end, although gains were trimmed as the stock market fell in morning deals.
PERTH (Reuters) - Oil fell more than $1 to less than $105 a barrel on Monday, extending Friday's decline, after the restart of a crude pipeline system in Iraq eased fears of an extended exports disruption from the country's oil-rich south.
Mumbai, March 30 What could be seen as the first sign of the credit crunch in the US impacting air travel, at least two Asian carriers, Air India and Singapore Airlines, said they are witnessing a softening in load factors from the ... Source: Business Line - Home Page | 31 Mar 2008 | 12:00 am
New Delhi, March 30 For the first time, the Centre’s net direct tax collections have crossed the Rs 3-lakh crore mark. To grasp the significance of this milestone, one needs to go back only 15 years or so. In 1990-91, the ... Source: Business Line - Home Page | 31 Mar 2008 | 12:00 am
We recommend a buy in Aptech from a short-term perspective. The charts of Aptech show that it was on a medium-term downtrend from its December 2007 high of Rs 448 till its March 2008 low of Rs 155. However, recently, the stock took support at Rs ... Source: Business Line - Home Page | 31 Mar 2008 | 12:00 am
For moving ready-made garments in forty-foot equivalent unit (FEU) containers from factories in the northern hinterland of Delhi/Gurgaon/Panipat to ports in Mumbai, exporters prefer road transporters as the corresponding rail transportation ... Source: Business Line - Home Page | 31 Mar 2008 | 12:00 am
??Fashion retailer ETAM Future, a joint venture between the Future Group and French retailer ETAM, has closed three shops in Delhi, Surat and Ahmedabad owing to high rentals. ?? Source: Business Standard | Front Page Headlines | 30 Mar 2008 | 6:53 pm
Private equity fund Actis has increased its equity holding in Ahmedabad-based Paras Pharmaceuticals to almost 60 per cent and decided to bring in an outside professional as CEO. ?? Source: Business Standard | Front Page Headlines | 30 Mar 2008 | 6:52 pm
After Banarsi, Kota and Kanjeevaram, women will soon be able to add Gucci sarees to their wardrobes. The Italian luxury brand is open to working on traditional Indian clothing and creating a limited Source: Business Standard | Front Page Headlines | 30 Mar 2008 | 6:15 pm
The much-awaited night-landing facility at Visakhapatnam airport finally became operational Sunday. Source: IndiaeNews.com: Business News | 30 Mar 2008 | 3:31 pm
LONDON (Reuters) - Britain's New Star Asset Management has agreed to form a joint venture with India's Tata group, the Sunday Telegraph reported on Sunday.
Even as it is engaged in reconciliation talks with the striking contract workers, the management of the Rs.27.43 billion revenue Neyveli Lignite Corp Ltd (NLC) is taking alternative steps to keep its power plant running, said a top official. Source: IndiaeNews.com: Business News | 30 Mar 2008 | 2:31 pm
Ferrari's most popular sports car model 612 Sumakha reached Kolkata Sunday for a test drive down the city streets. This drive is part of Ferrari's tour to India to create a market for sports car that started in early February. Source: IndiaeNews.com: Business News | 30 Mar 2008 | 1:32 pm
World's leading luxury goods maker Gucci is looking to multiply its presence in the country by 2010, as it plans to develop India as a key global market. Source: Daily News & Analysis: Money News | 30 Mar 2008 | 12:50 pm
On the back of the country's burgeoning mobile handset market, Nokia on Sunday said it has reached production volume of 125 million in over two years. Source: Daily News & Analysis: Money News | 30 Mar 2008 | 12:48 pm
Fido Dido, the adorably reckless cartoon character representing 7UP, is all charged up in his new avatar to reflect the style and mood of the Orkut generation. Source: Daily News & Analysis: Money News | 30 Mar 2008 | 12:45 pm
British Airways, which has had to cancel nearly 250 flights since the opening of its state-of-the-art terminal at London`s Heathrow airport, said on Saturday passengers would face further disruption next week. Source: Zee News : Business | 30 Mar 2008 | 11:58 am
Leaders of Indian industry are confident of exports topping USD 200 billion in fiscal 2008-09 despite a strong rupee, says a survey. Source: Zee News : Business | 30 Mar 2008 | 11:58 am
China will sign its first free trade pact with a developed country on April 7 when it inks a deal with New Zealand, according to reports on Sunday. Source: Zee News : Business | 30 Mar 2008 | 11:58 am
The crisis-hit seafood industry appears to have heaved a sigh of relief as seafood exports did not come on the list of 50 items that have been removed from a popular export incentive scheme by the central government Friday. Source: IndiaeNews.com: Business News | 30 Mar 2008 | 11:32 am
