Sharad K Saraf, MD of Technocraft Industries said that in 2009, he expects a full impact of all their investments and hopes to go as much as Rs 450 crore of topline and bottomline of about 70 crore of PBT. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 3:17 pm
Suzlon Energy has bagged 200 MW order from Horizon Wind Energy worth approximately $200 million. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 1:13 pm
MUMBAI (Reuters) - Indian shares provisionally ended up 0.62 percent on Wednesday, having earlier risen as much as 3.9 percent, led by ICICI Bank Ltd and Infosys Technologies Ltd.
MUMBAI (Reuters) - Bharti AXA Investment Managers said on Wednesday it has received regulatory approval to launch mutual funds in India's 33-member 5.6-trillion-rupee fund industry.
NEW DELHI (Reuters) - The Asian Development Bank expects inflationary pressures in India to persist for the next few months, and recent import duty cuts on food items to have some impact on prices after 2-3 weeks, a key official said.
NEW DELHI (Reuters) - There is a strong case for a gradual reduction in the statutory liquidity ratio, and the cash reserve ratio (CRR) may be aligned over time with an appropriate globally benchmarked level, a report by India's Planning Commission said on Wednesday.
BANGKOK (Reuters) - Rice prices in the world's two leading producers of the grain, Thailand and Vietnam, are expected to surge after India's ban on exports of non-basmati rice, traders and officials said on Wednesday.
NEW DELHI (Reuters) - Fiscal steps taken by the government will help moderate inflation, but there is a need to recognise that high inflation is a global phenomenon, a top policymaker said on Wednesday.
MUMBAI (Reuters) - India's demand for gold turned moderate on Wednesday after good sales the previous day as prices rebounded from two-month lows, helped by bargain hunting, dealers said.
Retail giants like Reliance Fresh maybe facing protests in states like Uttar Pradesh. But support for them from unexpected quarters. The Left is opening up to organised retail and that means Indian retail companies like Reliance Fresh will now be able to open shop in left ruled states, without trouble. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 8:50 am
Tata Consultancy Services said it has signed a fiveyear, multimillion dollar contract to be the global engineering partner of ArvinMeritor, a premier global supplier of integrated systems, modules and components to the motor vehicle industry. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 8:34 am
After mesmerizing the Lakme Fashion Week (LFW) audience with his creative brilliance, renowned designer Sabyasachi Mukherjee tugged at their heart strings when he made his entire team walk the runway with him. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 8:33 am
In one of the biggest deals in the mobile bulk subscriptions segment, Indian Railway has awarded a contract to Bharti Airtel to provide services to its one lakh employees. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 8:32 am
With state governments reluctant to bring down their levies on aviation turbine fuel (ATF), the Planning Commission's high level group on the services sector Wednesday recommended that the commodity be classified as a declared good, which would facilitate a uniform nationwide tax. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 8:30 am
Planning Commission Deputy Chairman Montek Singh Ahluwalia Wednesday said the Indian government was making the right efforts to check price rise. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 8:30 am
Gujarat Ambuja Exports Ltd (GAEL) has announced the commencement of commercial production at its new maize processing plant of 500 tonnes per day (TPD) capacity in Uttrakhand. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 8:30 am
Reliance Entertainment Pvt. Ltd. (REPL) is all set to start its cinema chain in the US under the brand name Big from next month. More than 200 theatres will screen Hindi as well as regional films from India. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 8:30 am
The Indian equities market shed most of its initial gains by early Wednesday afternoon but was still over 250 points ahead of its previous close. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 8:30 am
Keeping in line with the strategy to significantly enhance its share in the domestic home textile market, S Kumars Nationwide Ltd (SKNL) will bring two international home textile brands to India and is expanding capacity at its Jagadia plant. Source: Moneycontrol Top Headlines | 2 Apr 2008 | 8:29 am
Glenmark Pharmaceuticals Ltd has implemented the reorganisation of its business into speciality and generics, a process that began in the third quarter of financial year 200708. As part of the process, Glenmark has transferred its generics and active pharmaceutical ingredients (API) businesses to its subsidiary, Glenmark Generics Ltd (GGL). Source: Moneycontrol Top Headlines | 2 Apr 2008 | 8:26 am
MUMBAI (Reuters) - The rupee was rangebound in midday trade on Wednesday, supported by capital inflows into a buoyant stock market, though dealers said central bank intervention largely offset gains.
SINGAPORE (Reuters) - Gold regained strength on Wednesday as a fall in prices to two-month lows in the previous session provided bargain hunters and investors in Asia a window of opportunity to snap up the metal.
Ever since 'The Golden Compass' won an Oscar this year, the Indian animation and visual effects sector is going places. More Hollywood movies are being outsourced to the country for visual effects. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 6:32 am
The Indian equities market opened Wednesday with a huge positive gap in line with its global peers. Realty and banking stocks registered gains in initial trade. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 5:01 am
Young, upwardly mobile professionals in India are hard-pressed for time, but that shouldn't stop them from indulging in 'flexi-holidays' - short breaks that last for a day or even half and customised by tour operators. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 5:00 am
Mumbai-based fabrication and erection contracting major Sunil Hitech Engineers Ltd is seeking partners to bid for power plant projects on balance of plant (BOP) basis. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 4:32 am
As India and Africa discover each other anew, they already have a ready channel through which to route their newfound trade ties - successful Indian origin business leaders in the continent. Source: IndiaeNews.com: Business News | 2 Apr 2008 | 4:30 am
The Bombay High Court sentenced stock brokers Ketan Parekh and Hiten Dalal and five others to one year of rigorous imprisonment and two other accused were sentenced to six months imprisonment in the Source: Business Standard | Front Page Headlines | 2 Apr 2008 | 12:16 am
Around a decade after they last raised fees, the Indian Institutes of Technology (IITs) have approached the government for permission to double annual tuition fees from June this year, when a new Source: Business Standard | Front Page Headlines | 2 Apr 2008 | 12:16 am
The government today said it would ask steel producers to cut prices 10 to 20 per cent within a month, failing which it proposes to take a host of fiscal measures to lower prices. ?? Source: Business Standard | Front Page Headlines | 2 Apr 2008 | 12:15 am
The stock is trading just above a key support level of Rs 750. Fresh short position can be initiated if the stock declines below Rs 750 with tight stop-loss.Infosys We recommend a sell in this ... Source: Business Line - Home Page | 2 Apr 2008 | 12:00 am
Mumbai, April 1 The excise duty cut for small cars and commercial vehicles and Cenvat reduction announced in the Union Budget seem to have fuelled the vehicle sales in March with most manufacturers, except Maruti Suzuki, reporting the highest ... Source: Business Line - Home Page | 2 Apr 2008 | 12:00 am
Online trading in commodity futures was launched in our country five years ago amid fanfare; and certainly, with hope and expectation that the new system of trading would help transform the moribund agricultural sector. Indeed, it was ... Source: Business Line - Home Page | 2 Apr 2008 | 12:00 am
India’s luck on the inflation front seems to be running out. The WPI topped 6% in the latest data released last Friday. Anxiety, bordering on panic, is setting in among policymakers. Import duties have been cut and the Finance ... Source: Business Line - Home Page | 2 Apr 2008 | 12:00 am
We recommend a sell in YES Bank from a short-term perspective. From the charts of YES Bank we see that the stock has been on a medium-term downtrend from its 52-week high of Rs 277 (touched on January 10). However, the stock found support at ... Source: Business Line - Home Page | 2 Apr 2008 | 12:00 am
New Delhi, April 1 World’s third largest mobile handset brand Motorola could soon have an Indian owner. Consumer durables major Videocon has sent an expression of interest to Motorola for buying out the US-based company’s troubled ... Source: Business Line - Home Page | 2 Apr 2008 | 12:00 am
Investment bankers accustomed to frenetic deal activity in the past few years are changing tack to deal effectively with the visible slowdown in mergers & acquisitions. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:40 pm
The government's stand on the steel industry is hardening by the day and a 30-day deadline may be set for steel producers to cut prices or face 'action'. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:40 pm
In what is seen as a precursor to allowing mobile virtual network operators in India, the government permitted sharing of physical infrastructure among telecom service providers. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:38 pm
The seasonally-adjusted ABN Amro India PMI edged down for the third consecutive month in March posting 57.5, from 59.5 in the previous month. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:37 pm
The Commissioner of Income Tax (Appeals) CIT(A), has asked Gracemac Corporation, a Microsoft subsidiary, to pay over Rs 700 crore as tax on income earned through royalties on products. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:37 pm
Consequent to a 13% plus revision in the prices of aviation turbine fuel (ATF), most of the airlines are hiking the fuel surcharges levied on each ticket. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:36 pm
The government borrowing programme for the fiscal year 2008-09 kicks off in April 2008. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:28 pm
Sterlite Technologies Ltd (STL) is betting on the power sector to fuel its next phase of growth. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:27 pm
This will surely bring smiles on the faces of people who work for companies on a temporary basis, are on the payrolls of staffing firms. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:27 pm
The last fiscal may have seen bike makers bleed but car manufacturers are not in the doldrums just yet. Source: Daily News & Analysis: Money News | 1 Apr 2008 | 10:26 pm
The nascent luxury market in India is growing annually at 25% and experts feel consumers are ready to embrace new product lines and services. Italybased Illycafe, which produces and sells a premium single blend of coffee worldwide, has piping hot plans for India. Its first premium cafe will open this year in the new Bangalore airport. Source: Moneycontrol Top Headlines | 1 Apr 2008 | 7:26 pm
Videocon is looking to enter telecom in a big way. They have applied for licenses on the service side. They are also a consumer durable company. So, it makes sense for them to go and pay for it. Source: Moneycontrol Top Headlines | 1 Apr 2008 | 6:12 pm
