MUMBAI (Reuters) - Mahindra & Mahindra Ltd, India's top utility vehicle maker, expects sales to grow at a healthy double-digit pace in the new fiscal year from April, albeit at a slower pace from the previous year, a senior executive said.
MUMBAI (Reuters) - India's demand for gold revived on Tuesday as prices fell below a key psychological level, though many banks remained out of business as they were closed to settle their books on the first day of the new fiscal year.
FRANKFURT (Reuters) - Wind turbine maker REpower plans to more than double its production capacity in the next two years to handle further strong growth, especially in Europe and North America, it said on Monday.
MUMBAI (Reuters) - India's Dr Reddy's Laboratories Ltd said on Tuesday it has signed an agreement to acquire Dowpharma's small molecules business in Mirfield and Cambridge in UK.
SINGAPORE (Reuters) - Platinum fell more than 3 percent on Tuesday as selling from the funds picked up amid worries that economic weakness could weigh on demand.
MUMBAI (Reuters) - India's third biggest motorcycle maker TVS Motor Co Ltd said on Tuesday its March two- wheeler sales stood at 117,045 units, down 8.7 percent on year.
MUMBAI (Reuters) - Indian manufacturing activity grew at its slowest pace in eight months in March, slipping further from its peak in December as consumer demand softened due to high interest rates, a survey showed on Tuesday.
It is not the galloping prices of essential commodities alone that is worrying policy-makers. Availability of food grain is also becoming a major problem as a result of falling productivity and lower buffer stocks, experts maintain. Source: IndiaeNews.com: Business News | 1 Apr 2008 | 5:00 am
The Tatas Group's African safari is getting bigger and better as the ambitious industrial house readies to set up luxury hotels and a multimillion-dollar ferrochrome steel plant in South Africa. Source: IndiaeNews.com: Business News | 1 Apr 2008 | 4:57 am
SAN FRANCISCO (Reuters) - IBM is under investigation by the U.S. Environmental Protection Agency over an $80 million bid it made in 2006 to modernize EPA financial systems and has been suspended from seeking new contracts with all U.S. agencies, the company said on Monday.
SINGAPORE (Reuters) - Oil prices hovered below $102 a barrel on Tuesday, as a forecast of lower U.S. gasoline stocks capped overnight hefty losses that were triggered by an expected recovery in Iraqi crude exports.
New Delhi, March 31 In what could be a fresh blow to Bharat Sanchar Nigam Ltd, the Department of Telecom has conveyed that it is not in favour of giving financial support to the PSU from the Universal Services Obligation fund for rolling out ... Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
Chennai, March 31 How do you measure something that is yet to be realised? Difficult, but that’s what the Institute of Chartered Accountants of India (ICAI), the body that seeks to regulate the profession of accountancy in India, has ... Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
Agri commodity prices are pretty high, even in real terms, but they are not unprecedented. There is certainly need for caution, but no need to panic, argue ASHOK GULATI and KANUPRIYA GUPTA, suggesting that the right policy choices could cushion the p oor against price hikes while greater investment in agriculture could ensure food security at affordable prices. Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
Hyderabad/Chennai, March 31 The GMR group is in the race for a 50 per cent stake in InterGen, a US-based power company with plants in five countries, according to reliable sources.The group’s first stage of submitting a ... Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
Mumbai, March 31 Maharashtra on Monday shifted to a faster lane in its drive to drum up big-ticket private investments in the automobile sector.Leading vehicle makers Tata Motors and Mahindra & Mahindra separately pledged to invest ... Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
Fresh short position can be initiated if the stock declines below Rs 1,405.L&TIn the last trading session, the stock encountered resistance at around Rs 3,150 and declined. Utilise rallies to sell the stock ... Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
New Delhi, March 31 The Cabinet Committee on Prices met late evening on Monday to review the sharp increase in prices of food items and other manufactured goods, with a view to contain runaway inflation, which had clocked a 14-month high. ... Source: Business Line - Home Page | 1 Apr 2008 | 12:00 am
Finance minister P Chidambaram, looking distinctly weary after a marathon meeting of the Union Cabinet convened to tackle 6.68% inflation. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:50 pm
In short, the regulator plans to bring entry barriers to trading by retail investors in the derivatives segment. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:18 pm
Despite the strident increase in oil imports and the consequent massive splash of red ink in India's external trade ledger, the overall balance of payments remained robust. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:17 pm
Continuing its acquisition spree, Essar group's Aegis BPO Services entered into an agreement with AOL to acquire its call centre unit in Bangalore for an undisclosed amount. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:16 pm
Among other things, policy will aim to provide a single window clearance to airport development proposals, thereby accelerating airport infrastructure development. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:16 pm
The Insurance Regulatory & Development Authority's (Irda) call to life insurance companies, asking them to promote term insurance products. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:08 pm
The Reserve Bank of India is "closely monitoring" exposures of banks in forex derivatives and is in constant dialogue with some banks on the issue, governor Y V Reddy said. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:07 pm
The US economy is now on a recession track. Yet this is a recession that could have been averted. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:06 pm
Last year, it was the Morakhias of Sharekhan and SSKI who gave up their stock broking business. Now it turns out that the Kotichas of ASK Securities are also doing the same. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:05 pm
With three of its new chemical entities (NCEs) either at the clinical stage or close to it, biopharmaceuticals research company Suven Life Sciences is exploring the possibility. Source: Daily News & Analysis: Money News | 31 Mar 2008 | 10:04 pm
The Bombay Stock Exchange's benchmark Sensitive Index fell to a record fiscal fourth-quarter loss, led by banking shares and Infosys Technologies Ltd, on concern that economic growth may slow. ?? Source: Business Standard | Front Page Headlines | 31 Mar 2008 | 7:12 pm
Sabare International, a Karur-based home furnishings company, has taken ICICI Bank to court over a foreign exchange derivative contract. The company has requested the Karur civil court to declare the Source: Business Standard | Front Page Headlines | 31 Mar 2008 | 7:11 pm
Reserve Bank of India Governor Y V Reddy said that there is no systemic impact as the transactions are ?micro issues?. ?? Source: Business Standard | Front Page Headlines | 31 Mar 2008 | 7:11 pm
Calling the present level of inflation unacceptably high, Reserve Bank of India governor YV Reddy today said that the central bank is ready to take steps to cool prices.?? Source: Business Standard | Front Page Headlines | 31 Mar 2008 | 7:10 pm
IL and amp;FS Ecosmart Ltd has signed an agreement with the Gujarat Maritime Board (GMB) to prepare a comprehensive master plan for the Alang ship-breaking yard in Gujarat coast, which will include an environmental management plan. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 6:31 pm
The new airport policy, expected to be announced next month, would pave the way for the Greater Noida airport project, which has been in limbo for quite some time, a top aviation ministry official said Monday. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 5:02 pm
Old airports at Bangalore and Hyderabad will not be operational for commercial use for the next 25 years, a top civil aviation ministry official said here Monday. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 5:01 pm
The Birla family, one of India's leading business clans, Monday suffered yet another setback in its legal battle with former employee R.S. Lodha over the business house's estates worth over Rs.50 billion. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 5:00 pm
MUMBAI (Reuters) - The Reserve Bank of India (RBI) said on Monday it was ready to act against "unacceptably" high inflation if necessary but any steps needed careful thought.
Domestically produced wine and beer may soon be served on Indian flights. The government is under pressure from the airline operators as well as politicians to permit serving of alcoholic drinks on domestic flights, a top aviation official said Monday. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 4:32 pm
The Anil Ambani-promoted Reliance Energy Ltd has bought back 951,500 equity shares of the company since the start of the offer March 25, aggregating Rs.1.22 billion ($30.4 million). Source: IndiaeNews.com: Business News | 31 Mar 2008 | 4:31 pm
City-based Alembic Ltd, one of the leading pharma entities in India, completed its year-long centenary celebrations Monday with a resolve to become a Rs.20-billion ($500 million) company in the next four years. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 4:30 pm
Essar Group's Aegis BPO Services was acquiring city-based AOL's (American On-Line) call centre operations for an undisclosed amount, the company said here Monday. Source: IndiaeNews.com: Business News | 31 Mar 2008 | 4:30 pm
