Commerce Minister Kamal Nath said the government is considering more measures to check inflation, reports CNBCTV18, quoting Newswire18. \"One of the inflation check steps would focus on cement, and steel. The government may announce more inflation check steps in 12 days.\" he added. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 4:47 pm
The Commission for Agricultural Costs and Prices, which fixes the Statutory Minimum Price, for sugar has said the difference between SMP and State Advised Price has to be borne by the government and not sugar mills, a CNBCTV18 analysis shows. This assumes significance because CACP is actually coming out in favour of the sugar mills. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 4:35 pm
There have been rumours although in the last twothree years that Orchid Chemicals have been eyed by companies as varied as Sandoz, Watson, Mylan and even Pfizer. Some people have been talking about Pfizer doing a due diligence as late as last twomonths back. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 3:51 pm
Rahul Bajaj, Chairman, Bajaj Auto, does not feel that the \'Made in India\' tag is globally acceptable, just as yet. Speaking to CNBCTV18, he however clarified that the tag is not an embarrassment. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 3:48 pm
JB Chemicals board has announced a share buyback up to 7% of its paidup equity. JB Modi of JB Chemicals Pharmaceuticals said the company has no MTM losses to report in Q4 FY08 Source: Moneycontrol Top Headlines | 8 Apr 2008 | 3:14 pm
CC Constructions has received an Rs 547 crore order from JP Associates, which is to be executed over 16 months. G S Johar, Chairman, CC Constructions, said the current order book stands at Rs 1,500 crore, which is to be executed over 24 months. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 3:10 pm
Toshiba PC has broken a 25year exclusive alliance with HCL Infosystems. George Paul, Executive VicePresident Marketing, HCL Infosystems, said the company would continue to be leading distributor for Toshiba in India. He doesn\'t see any impact on revenues from the Toshiba breakup. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 3:02 pm
Hero Honda plans to invest Rs 150 crore in Haridwar plant by December. It plans to double capacity of the Haridwar plant to 1 million units by 2008end. The plant will have a capacity of 1.5 million units per year by 2010. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 2:51 pm
The government plans to allot GSM spectrum in phases to both old and new operators, reports CNBCTV18. Sources said GSM spectrum in 34 circles is to be awarded in the first round. Bharti is likely to get GSM spectrum in three southern circles in Phase 1. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 2:33 pm
Arun Kumar Jagatramka, MD at Gujarat NRE Coke feels that hard coking coal prices settlement is in line with expectations and sees prices come down to USD 150160 in 2009. Seshagiri Rao, Director FinanceJSW Steel has a view that it is difficult to hold domestic prices and international steel prices at USD1000. Source: Moneycontrol Top Headlines | 8 Apr 2008 | 1:15 pm
Oil prices soared above USD 109, close to record highs, after OPEC oil exporters rejected Western calls to increase output and so ease the market, traders said. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
Air France-KLM said its offer was the only one that would allow Italian flag carrier Alitalia to return to profitable growth quickly and that the company`s future now depended solely on its workforce and unions. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
The Bombay Stock Exchange benchmark
Sensex lost 152.82 points in early trade on Tuesday as funds and
general investors indulged in profit booking. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
Union Food And Agriculture
Minister Sharad Pawar expressed serious concern over low
arrival of wheat in Punjab and Haryana grain markets caused by
private traders procuring the food grain at the farm gate. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
India`s MKU group of companies have acquired AST Security Equipment, a small manufacturer of lightweight bullet-proof cladding for helicopters, light vehicles and luxury yachts, the German company said Monday. The company website says its cladding, made of materials such as Kevlar and Aramid, can be used to armour the cabins of luxury yachts against gunfire in pirate-infested waters like those off Somalia. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
Finance Minister P Chidambaram is expected to address the IMF-World Bank`s spring meeting on April 12 and 13 that is likely to be dominated by the impact of US recession, global inflation and consequent credit crunch leading to global economic slowdown.
Chidambaram along with Finance Secretary D Subbarao, Chief Economic Advisor Arvind Virmani and other senior officials will attend the meeting. He will leave for the US on April 10 and will be back on April 14, sources said. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
Gold held steady near a 1-week high on Tuesday after the dollar`s fall against the euro ignited buying from speculators, helping the metal defy news the International Monetary Fund plans to sell some of its gold. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
The concept of Mobile Virtual Network Operator (MVNO) is not viable in the Indian telecom space due to cheap call tariffs, Bharti Airtel chief Sunil Bharti Mittal said. Source: Zee News : Business | 8 Apr 2008 | 11:42 am
Karan Billimoria-promoted Cobra Indian Beer on Tuesday said it has appointed Poonam Chandel as Managing Director of the company. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 11:22 am
MUMBAI (Reuters) - IDBI Capital Market Services Ltd said on Tuesday it has appointed Nagendra Bhatnagar as its new managing director and chief executive officer.
HARIDWAR, India (Reuters) - Hero Honda Motors Ltd, India's top motorcycle maker, said on Tuesday it would spend 19 billion rupees ($475 million) to triple capacity at a new plant, and expects fiscal benefits to boost profits.
MUMBAI (Reuters) - Fruit and vegetable prices, up a fifth in the last one month and adding to rising inflation, are likely to climb further in the next three months on restricted supply, traders said.
Global chip manufacturer Advanced Micro Devices (AMD), which has decided to lay off about 1,600 employees worldwide due to business slowdown and losses, said it would not lead to any job loss in its India operations. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 10:30 am
MUMBAI (Reuters) - India's capital market intermediaries and issuers needed to get the pricing of financial instruments right and take their own lead, capital market players said at an industry conference on Tuesday.
Leading offshore oil and gas drilling major Transocean Inc said Monday it has won a $828-million, five-year contract from Reliance Industries for a deepwater hydrocarbons basin off the Andhra Pradesh coast. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 10:30 am
BANGALORE (Reuters) - Indian shares provisionally fell 1.23 percent on Tuesday, led lower by infrastructure play Larsen & Toubro Ltd, with weaker overseas markets weighing on sentiment.
NEW DELHI (Reuters) - The government is considering more steps to calm inflation and could announce moves within the next "couple of days", Commerce and Industry Minister Kamal Nath said on Tuesday.
The Japanese ministry of health and labour welfare (MHLW) has granted marketing approval to Indian pharma major Ranbaxy Laboratories Ltd's generic drug prescribed for treatment of blood pressure and angina. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 10:03 am
London-based industrialist Swraj Paul was shown black flags by villagers protesting farmland acquisition when he visited the Tata Motors' factory site meant to build the world's cheapest car Nano in Singur near here Tuesday. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 10:00 am
Global steel giant Arcelor Mittal, planning to set up a plant in Jharkhand, will soon launch a technical institute in the state, an official said Tuesday. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 10:00 am
Hanging fire for 35 years, an irrigation project in Jharkhand has swelled 50 times in cost - with no immediate benefits in sight. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 10:00 am
NEW DELHI (Reuters) - India will ease access for exports from the world's poorest countries, the prime minister said on Tuesday, as he opened a summit with African leaders with calls for fairer global economic and political representation.
Joining the bandwagon of Australian states seeking to benefit from India's economic boom, Queensland's Premier Anna Bligh is here to flaunt the state's expertise in knowledge-based industries and promote bilateral trade. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 9:01 am
MUMBAI (Reuters) - India's gold demand was low on Tuesday as prices remained firm, but a good number of traders were awaiting price dips to buy, dealers said.
NEW DELHI (Reuters) - India is considering measures such as a cut in import duty on steel products to help contain prices, which have become a concern, newly appointed Minister of State for steel Jitin Prasada said on Tuesday.
The Indian equities market continued to trade in negative zone early Tuesday afternoon, due to selling pressure in capital goods, telecom, FMCG, IT and oil stocks. The smallcap index of the Bombay Stock Exchange (BSE) was trading absolutely flat. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 8:31 am
Sensex losing nearly 169 points following emergence of profit selling in heavyweight stocks, especially the metal shares, on concerns over the rising steel prices. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 7:50 am
The Indian equities market opened Tuesday with a marginal positive gap but soon slipped into red tracking other Asian markets, which were running weak. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 7:02 am
Hearth is no longer the home. For millions of Indians living in cities across the country, home is where the gadget is. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 7:02 am
MUMBAI (Reuters) - The Securities & Exchange Board of India hopes to allow investors to hold subscription amounts for initial share offerings in their bank accounts until allotment to cut the time between the stock sale and listing, its chairman said.
Mumbai, April 7 VSNL (Now Tata Communications) has lost its appeal against FLAG (now part of Reliance Globalcom) at the district court of The Hague, Netherlands in the matter of allowing FLAG access to the FLAG Europe Asia Cable (FEA) landing ... Source: Business Line - Home Page | 8 Apr 2008 | 12:00 am
Mumbai, April 7 Banks have seen a sharp slowdown in ‘exotic’ forex derivative deals in the last three months. While these structured products are specifically meant for risk management, many companies had been making profits from ... Source: Business Line - Home Page | 8 Apr 2008 | 12:00 am
British automobile marquees have become fashionable overnight after Tata Motors acquired Jaguar and Land Rover recently. Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:55 pm
It goes without saying that the Budget announcements for the current fiscal would provide a fillip to the education sector. Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:54 pm
Let us admit one fact. Unlike the earlier pay panel reports, the Sixth Pay Commission has acquitted itself creditably to the task at hand. Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:52 pm
The first year of the free pricing regime in the general insurance sector, which began in March 2008, witnessed excessive discounting Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:51 pm
The Raghuram Rajan report on financial sector reforms received a lukewarm response from financial sector and market participants on the first day. Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:48 pm
Doctors very often become bigger than hospitals, at least in terms of brand value.Good enough for hospital authorities, until those doctors decide to say goodbye. Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:46 pm
With Tata Motors leading the way in effecting an average price hike of 3.5% on commercial vehicles and buses, other automakers may also have to soon raise prices Source: Daily News & Analysis: Money News | 7 Apr 2008 | 9:45 pm
The three state-owned oil marketing companies say they expect to report losses in the fourth quarter of the 2007-08 financial year with the government likely to bear 42.7 per cent of their retail Source: Business Standard | Front Page Headlines | 7 Apr 2008 | 6:54 pm
