India on Thursday warned that it will not hesitate to take stern measures against hoarders and profiteers in view of the spiraling prices of essential
commodities. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
India`s wholesale price index reached the highest mark of 7 percent in three years for the week ending March 22, compared to 6.68 percent in the previous week, the government data showed on Friday. The inflation rose due to higher prices of food, vegetables, minerals and manufactured items, even as measures to tame prices are expected to take effect only in 2-3 weeks. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by lawmakers about why the government was helping Wall Street investment houses but not people on Main Street. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
Buoyed by soaring commodities prices, Wall Street resumed its week`s climb Thursday after a slight retreat the day before. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
Market regulator SEBI is likely to issue guidelines for real estate mutual funds that will enable the investors in the market to access the realty sector that has witnessed impressive growth in the last few years. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
Senior executives at Microsoft Corp and Yahoo Inc met this week to discuss their proposed merger but did not get anywhere with the talks, the Wall Street Journal said on its Web site, citing people familiar with the matter. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
The Bombay Stock Exchange benchmark Sensex wiped off early gains by losing over 387 points at noon Friday on heavy selling after inflation rose to a three year high at 7 percent. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
Gold dropped on Friday as early buying subsided ahead of the release of US jobs data that could offer clues to the direction of the US dollar and precious metals. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
Citigroup Inc (CN) has agreed to pay USD33 million to about 2,500 current and former female brokers at its Smith Barney unit to settle a three-year-old discrimination lawsuit, court papers show. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
The chairman of the Samsung Group, one of South Korea`s richest and most powerful men, on Friday reported to a special prosecutor to answer questions about possible corruption at the country`s largest conglomerate. Source: Zee News : Business | 4 Apr 2008 | 1:26 pm
MUMBAI (Reuters) - Indian shares dropped 3.09 percent on Friday, hurt by a jump in inflation to its highest in more than three years and worries about how policy steps to rein in prices would affect already-slowing economic growth.
Tamil Nadu announced Friday that the central government has cleared the decks for its cable delivery system proposal. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 11:31 am
Retail prices jump by 11 pc Economic Times - 1 hour ago 4 Apr, 2008, 1624 hrs IST, PTI NEW DELHI: Retail prices of gram, sugar, mustard oil, vanaspati and onion have increased by up to 11 per cent in the national capital in last one month, felling the inflation rate to rise to 39-month high of seven per ... Inflation grows by 7 per centHindustan Times all 24 news articles
LONDON (Reuters) - India-focused metals company Vedanta Resources Plc said on Friday that Mahendra Mehta would succeed Kuldip Kaura as chief executive when Kaura retires at the end of September.
The Tata group's acquisition spree in Spain continues. A week after buying strategic stake in Serviplem, a construction equipment firm, the group has bought controlling stake in another Spanish company with interests in similar areas - Comoplesa Lebrero. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 10:30 am
South Asia's specialty media major CyberMedia has acquired the entire equity in its joint venture with US-based United Business Media (UBM) LLC for the online magazine Global Services. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 10:03 am
Jet Airways announced Friday that it has enhanced regional connectivity between Ahmedabad, Indore, Bhopal, Raipur and Hyderabad with its new ATR 72-500 aircraft in all-economy configurations. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 10:01 am
Air Deccan announced here Friday that it has joined hands with ICICI Lombard General Insurance to launch a domestic travel insurance scheme covering accidental medical expense, ticket cancellation and lost baggage. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 10:01 am
Vice President Mohammad Hamid Ansari embarked on a weeklong official visit to Turkmenistan and Kazakhstan Friday to reaffirm India's long-standing ties with the two oil-rich Central Asian republics. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 10:00 am
The Energy and Resources Institute (TERI) and DuPont, a leading provider of science-based building innovations, have signed a memorandum of understanding (MoU) to promote the cause of green building designs and certification in India. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 10:00 am
MUMBAI (Reuters) - Indian investors may get more opportunity to diversify globally with the central bank raising overseas investment limit for mutual funds for the fifth time in the last 20 months to $7 billion now.
MUMBAI (Reuters) - ICICI Bank, India's top private-sector lender, sees comfortable liquidity as of now and will wait for policy signals before adjusting interest rates, its chief executive said on Friday.
MUMBAI (Reuters) - Indian demand for gold remained low on Friday as prices inched up ahead of the U.S. jobs data and buyers waited for corrections that could give the market another wave of buying since prices dipped from life highs last month.
MUMBAI (Reuters) - The rupee gained slightly in midday trade on Friday, on expectations the central bank may allow the currency to appreciate as a means of curbing inflation, after data showed prices had risen to a three-year high.
NEW DELHI (Reuters) - Inflation raced to its highest in more than three years in March, data showed on Friday, pulling down the stock market and sending bond yields higher, and analysts said pressure was building on the central bank to act.
The Tamil Nadu Power Finance and Infrastructure Development Corporation Limited (Power Finance) has set target of loan disbursal of Rs.12 billion this fiscal. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 8:33 am
The Indian equity market Friday extended losses in early afternoon trade, hit by the latest data which showed a further rise in inflation. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 8:30 am
NEW DELHI (Reuters) - BlackBerry maker Research In Motion (RIM) is expected to provide a solution by early next week to India's security concerns on emails send through the services that could not be traced or intercepted, an official for mobile operators said on Friday.
NEW DELHI (Reuters) - India's food bills are soaring and the economy is slowing as high interest rates bite, threatening to derail an election strategy the ruling coalition hopes will return it to power before May next year.
SINGAPORE (Reuters) - Oil rose above $104 a barrel on Friday, bouncing back from losses in the previous session as the market focused back on the U.S. economy and the dollar.
India's annual rate of inflation shot up to a three-year high of seven percent for the week ended March 22, from 6.68 percent for the week before, due to higher prices of essential items such as vegetables. Source: IndiaeNews.com: Business News | 4 Apr 2008 | 7:30 am
Directors of some Indian Institutes of Technology (IITs) are understood to have written to Planning Commission Deputy Chairman Montek Singh Ahluwalia urging the government to give the proposed IITs Source: Business Standard | Front Page Headlines | 4 Apr 2008 | 1:26 am
Naresh Goyal, who promoted and chairs the country's largest domestic airline, said he is open to buying out smaller domestic carriers that might be on offer to expand his airline empire. ?? Source: Business Standard | Front Page Headlines | 4 Apr 2008 | 12:25 am
Thiruvananthpauram, April 3 The churn in weather in north and northwest India has tossed up the threat of hailstorm to standing rabi crop, especially wheat, which has entered the harvesting stage. As of now, hailstorm is the only ... Source: Business Line - Home Page | 4 Apr 2008 | 12:00 am
We recommend a buy in Rolta India from a short-term perspective. The charts of Rolta India show that its medium-term downtrend, which began in early January from the resistance level of Rs 387 ended recently. On April 3, the stock conclusively ... Source: Business Line - Home Page | 4 Apr 2008 | 12:00 am
In a bid to fuel the growth of electronics hardware manufacturing in the country, the Government on Thursday approved a policy to create information technology investment regions (ITIRs). These regions are specifically-notified zones ... Source: Business Line - Home Page | 4 Apr 2008 | 12:00 am
Secondary steel producers have assured the government that they will not increase prices and step up efforts to increase supplies, in line with the government diktat not to hike prices. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 10:02 pm
It's finally official. What the fledgling semiconductor industry had been speculating about so far is in the public domain, that is. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 10:00 pm
The Securities and Exchange Board of India (Sebi) has asked the exchanges to provide for direct market access (DMA) for institutional investors. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:59 pm
In a strategy to bridge the last mile, Reliance Industries is scouting the globe for oil terminals to bring itself closer to the marketplace for crude and refined end-products. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:58 pm
The Reserve Bank of India has suggested banks to form financial literacy and counselling centres (FLCCs) in both rural and urban India, which would provide free counselling to people. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:56 pm
Indian banks may be facing litigations and questions regarding their treasury management skills owing to sales of little-understood forex derivatives products Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:55 pm
Cummins India Ltd will spend Rs 100 crore in the current fiscal year that began April 1 to expand capacity for making more power generation and automotive engines Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:53 pm
Volkswagen India has increased its outlay for the automobile project in Pune to Rs3500 crore from the originally estimated figure of Rs2,500 crore. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:52 pm
So in case the government was to rethink on closing the old airports in these two cities, it may just have to deal with the compensation conundrum once again. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:51 pm
India Post, under the communications ministry, aims to fly high - either through acquiring a fleet of planes or going global. Source: Daily News & Analysis: Money News | 3 Apr 2008 | 9:50 pm
