All workers being made redundant at an ArcelorMittal steel plant in northeast France will be offered jobs at nearby steel plants owned by the company, ArcelorMittal said. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
Multiplex chain Satyam Cineplexes
plans to open 104 screens across the country in the next two
years entailing an investment of Rs 200-250 crore. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
Following purchase of Reserve Bank`s stake in State Bank of India, the government has initiated the excercise to acquire the central bank holding in National Bank of Agriculture and Rural Development and National Housing Bank. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
After RBI shot down Punjab National Bank`s proposal to form joint venture with American International Group Inc for the credit card business, the bank has decided to venture into the space all alone in next six months. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
Yahoo Inc has three weeks to accept Microsoft Corp`s USD31 per share cash-and-stock offer or Microsoft will mount a proxy battle to win investor support for the takeover, Microsoft said on Saturday. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
Indian exporters, who battled an
appreciating rupee through 2007-08, need to make mammoth
adjustments in their business modules, besides reducing
dependence on government support to enhance their global
competitiveness in the current fiscal, a survey has said. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
The mining industry has accused
the steelmakers of indulging in cartelisation and creating
scarcity to reap profits and asked the government to break it
to reduce the demand-supply mismatch, besides imposing a 25
percent export duty to disincentivise export of the alloy. Source: Zee News : Business | 6 Apr 2008 | 12:52 pm
Microsoft Corp. has threatened Yahoo! Inc with a hostile takeover of the company if they do not agree to the offered deal within three weeks. Source: Daily News & Analysis: Money News | 6 Apr 2008 | 11:43 am
The Tata group's awesome reputation for excellent human resources management was one of the critical factors that helped it clinch the deal with Ford Source: Daily News & Analysis: Money News | 6 Apr 2008 | 11:43 am
SEATTLE/SAN FRANCISCO (Reuters) - Yahoo Inc has three weeks to accept Microsoft Corp's $31-a-share cash-and-stock offer or Microsoft may lower its bid and take its offer to Yahoo investors, Microsoft said on Saturday.
DHAKA (Reuters) - South Asia could raise its annual trade volume more than six times to $20 billion from only $3 billion at present if countries in the region cooperated more among themselves, a senior World Bank official said on Sunday.
SOCHI, Russia (Reuters) - The United States and Russia would like to create a missile shield in which they would be equal partners, U.S. President George W. Bush said on Sunday after a meeting with Russian President Vladimir Putin.
The Chhattisgarh State Electricity Board (CSEB) has issued an order to the Bharat Heavy Electricals Ltd (BHEL) to install two thermal power plants in the state. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 9:30 am
Chandigarh (Reuters) - Real estate firm Parsvnath Developers Ltd plans to invest about $5 billion in the next 3-5 years on different realty projects in India and to increase the land area it will develop, a top official said.
The Tata group's awesome reputation for excellent human resources management was one of the critical factors that helped it clinch the deal with Ford Motor Co. for acquiring the Jaguar and Land Rover brands, says a business relations expert. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 8:01 am
The annual review of India's foreign trade policy (FTP) should seek to make the country's exports more competitive in the backdrop of a strong currency and global slowdown, industry leaders say. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 8:00 am
The Indian government's slogan of inclusive growth is in conflict with ground realities. Other Backward Classes (OBCs) - a major chunk of the needy - have been left out of efforts for multi-dimensional development of all sections of society. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 7:00 am
Suzuki Motors' next world car will come from its Indian venture at Gurgaon, near Delhi, by the end of 2008, Shinzo Nakanishi, managing director of Maruti Suzuki India, has said. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 7:00 am
Striving to take spa therapy beyond the confines of the elite, well-known beautician and aroma therapist Blossom Kochhar is all set to open 200 spas across India and abroad in two years. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 6:32 am
The Congress-led United Progressive Alliance (UPA) may fail to reap the anticipated results from a slew of developmental schemes unless their implementation undergoes social auditing, warn activists. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 6:32 am
Townships with designer interiors and world-class architecture are passe. Developers are now turning to golf to attract non-resident Indians (NRIs) and high net worth individuals (HNIs) in the premium housing segment. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 6:32 am
Sundaram Fasteners, the Rs.15.75-billion auto component major, will focus on research and development to drive its future growth with an emphasis on holding a host of patented technologies, a top official has said. Source: IndiaeNews.com: Business News | 6 Apr 2008 | 6:30 am
Hyderabad, April 5 National Mineral Development Corp Ltd has decided to split its equity share and issue bonus shares to its shareholders. The EGM held this week decided that the equity share with a face value of Rs 10 is to be split ... Source: Business Line - Home Page | 6 Apr 2008 | 12:00 am
New Delhi, April 5 The Associated Chamber of Commerce and Industry of India has suggested that the Centre wait for a minimum period of five years before finalising a free trade agreement with China because India’s tariff structures are ... Source: Business Line - Home Page | 6 Apr 2008 | 12:00 am
Mumbai, April 5 Faced with the tough job of balancing growth, which is showing signs of slowing down, and inflation, which is threatening to rise, the Reserve Bank of India is likely to use the twin tools of market stabilisation schemes (MSS) ... Source: Business Line - Home Page | 6 Apr 2008 | 12:00 am
For the first time, the Centres net direct tax collections have crossed the Rs 3-lakh crore mark. Official sources said that the net direct tax collections had crossed the Rs 3-lakh crore mark on March 29. The revised estimate of about Rs ... Source: Business Line - Home Page | 6 Apr 2008 | 12:00 am
The government is all set to propose to the European Union that it will validate security procedures in its airports before allowing passengers to carry duty-free goods to India.?? Source: Business Standard | Front Page Headlines | 5 Apr 2008 | 11:34 pm
Irene D'Souza's (name changed) broker had got her a home loan of Rs 18 lakh approved from ICICI Bank. However, when she went for the cheque, she was told that only Rs 9.53 lakh would be disbursed. ?? Source: Business Standard | Front Page Headlines | 5 Apr 2008 | 11:33 pm
Aptech Ltd, a global learning solutions company, launched a new centre of its aviation training wing, Avalon Aviation Academy, in Kolkata Saturday. Source: IndiaeNews.com: Business News | 5 Apr 2008 | 6:01 pm
FRANKFURT (Reuters) - German automaker Daimler is considering buying a truckmaker and sees Russia as an attractive country in which to be active, Chief Executive Dieter Zetsche told WirtschaftsWoche magazine in an interview.
BRDO, Slovenia (Reuters) - The Italian government urged Alitalia's unions to signal within the next two days that they are willing to soften their line with Air France-KLM, after the collapse in talks to buy the ailing Italian airline.
BRDO, Slovenia (Reuters) - Some banks will have to adapt their business models under policy recommendations to be made to global financial leaders at the G7 meeting next week, Dutch central bank chief Nout Wellink said on Saturday.
BRDO, Slovenia (Reuters) - Italy's Economy Minister Tommaso Padoa-Schioppa said on Saturday he hoped the International Monetary Fund's forecasts for growth were "too pessimistic."
Atul Chandra , President, International business, RIL has said that RIL is looking to set up a coke gassification project to convert petroleum coke into gasses, for their 850 MW captive power plant. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 3:42 pm
Jawaharlal Nehru flet that industrialisation was the only way out of poverty. In 200405 Budget speech, Finance Minister, P. Chidambaram decided to arrest the talent decline. In current year\'s Budget too, the thrust is on education. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 3:19 pm
WATFORD, England (Reuters) - Centre-left leaders from around the world called on Saturday for urgent reform of global financial institutions to prevent a recurrence of the credit crisis.
Microsoft may be forced to pay tax in India. For the very first time, every time someone in India buys a Microsoft software product, he actually buys the license to use the software. The Income Tax Department and now even the Commissioner of Tax Appeals has interpreted that as royalty income for Microsoft. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 2:05 pm
Companies across the country are in a pickle. On March 31, the Institute of Chartered Accountants of India or ICAI issued an announcement that effectively compels all companies to implement AS30. Now that is a standard that lays down fair value accounting rules for derivatives and other financial instruments. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 1:27 pm
Ashok Sinha CMD BPCL said that BPCL may invest USD 600 million in sugarcane farms for their ethanol plans in Brazil reports CNBCTV18 Source: Moneycontrol Top Headlines | 5 Apr 2008 | 12:57 pm
MSSrinivasan Secretary, Ministry of Petroleum and Natural Gas believes that in another 10 years natural gas prices will surpass the prices of crude reports CNBCTV18. He adds that 300 billion will be spent globally in exploration and production globally. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 12:37 pm
More than one lakh consumers sent their recipes to Pepsi in the hope of having their pictures printed on a pack of Kurkure. Enthused by the response, Pepsi is using a similar strategy to fizz up its cola sales. Pepsi will now give you the chance of putting your gang of friends on a can of Pepsi Cola. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 11:24 am
Creative capitalism is an approach for governments, businesses and nonprofits to work together to stretch the reach of market forces, so that more people can make a profit or gain recognition doing work that eases the world\'s inequities. Source: Moneycontrol Top Headlines | 5 Apr 2008 | 10:50 am
