Rajeev Nannapaneni, CEO, Natco Pharma, said the company has a strong oncology pipeline. Two new generics are to be launched soon. We are also filing a compulsory license for HIV drug Celzentry against Pfizer. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 2:43 pm
Cyril Shroff of Amarchand Mangaldas said larger cos would not be impacted much by MTM losses. Partho Mukherjee of Axis Bk, sees significant fall in demand of derivative products from corporates. However, Arun K Agarwal of Suryajyoti Spinning Mills said cos have taken exposure higher than what they can account for. They were speaking to CNBCTV18. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 1:42 pm
SK Roongta, CMD, Sail clarified that the company has not levied any raw material surcharge. SAIL is yet to make a settlement with coal suppliers for FY09, he added. Roongta said that the costpush was ranging from 11000 to 15000 per tonne in the last year. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 12:32 pm
Ranbaxy Labs mgmt told CNBCTV18 that it does not believe in hostile takeovers. This reaction has come after Solrex Pharma, a Ranbaxy promoter company, bought 12.8% stake in Orchid Chemicals in 2 days. This news created buzz that Ranbaxy plans a hostile takeover of Orchid following which the latter\'s stock price price shot up. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 11:38 am
Moshe Katri, MD, Cowen and Company said there is no change in expecation for YoY growth for IT companies and he is looking at 23% growth for IT companies\' budget. Earnings growth for Infosys is expected to be between 1525% and the guidance for FY09 will be at least 20%, he said. He has an outperform rating on Infosys. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 11:20 am
NEW DELHI (Reuters) - Indian construction firm Larsen & Toubro Ltd said on Wednesday it hopes to get a contract to add a spur line to the crude pipeline it is building for Cairn India, which Cairn insisted would be commissioned on schedule.
MUMBAI (Reuters) - India's gold demand improved on Wednesday as prices softened, but most dealers said the rush for the busy marriage season could start if prices come down to 11,000 rupees per 10 grams.
MUMBAI (Reuters) - Britain's BG Group Plc will start selling imported liquefied natural gas (LNG) in India later this year, and is keen to expand its city gas business in the energy-starved country, the head of its Indian unit said.
MUMBAI (Reuters) - The Indian rupee was little changed in midday trade on Wednesday, as traders stayed on the sidelines, eyeing lacklustre local stocks and the RBI, to see whether it would intervene to stem the currency's rise.
A new handbook to equip small and medium entrepreneurs with the skills to face global competition has been launched by former president A.P.J. Abdul Kalam in a joint initiative of ICICI Bank and CyberMedia. Source: IndiaeNews.com: Business News | 9 Apr 2008 | 9:18 am
The government\'s battle to keep steel prices under control may hit a speed breaker. JSW Steel and Ispat have levied surcharge. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 9:14 am
Iconic brands Cartier and Armani are all set to enter the country, with the Government approving on Tuesday their FDI (foreign direct investment) proposals under singlebrand retailing. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 8:40 am
The Government on Tuesday cleared 20 foreign direct investment proposals worth Rs 1,962.05 crore, including Rs 924crore proposal of UTV Software Communications Ltd. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 8:37 am
The Dominos Pizza delivery man will be knocking on more doors of fast food lovers in towns such as Panipat, Patiala, Karnal and Mysore. The pizza chain is spending Rs 70 crore to increase presence in another 10 15 new cities. The chain expects to have 250 outlets by the end of the year, against the existing 185. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 8:35 am
ONGC is set to buyback Cairn Indias stake in the Cambay Basin block. Cairn holds 30 per cent stake in the block CBONN2001/1 with remaining 70 per cent held by the public sector exploration company, ONGC. Source: Moneycontrol Top Headlines | 9 Apr 2008 | 8:33 am
MUMBAI (Reuters) - India is likely to export about 2.1 million tonnes of corn by May, mostly to Southeast Asia, benefiting from a higher output and lower pricing, Amit Sachdev, India-based representative of the U.S. Grains Council told Reuters.
NEW DELHI (Reuters) - High food prices and shortages will continue in the near term, making some poorer countries vulnerable to food riots, Jacques Diouf, director general of the Food and Agriculture Organisation, said on Wednesday.
The Indian equities market wiped off its losses and moved into positive territory with a narrow gain early Wednesday afternoon. Source: IndiaeNews.com: Business News | 9 Apr 2008 | 8:01 am
NEW DELHI (Reuters) - India expects to double port capacity to 1,500 million tonnes by 2011/12 and would require 1 trillion rupees investment in the port and shipping sectors, shipping secretary A.P.V.N. Sarma said on Wednesday.
SINGAPORE (Reuters) - Asia's long depressed investment has come to life in step with reviving private consumption and the region's governments are set to keep the momentum by boosting spending to cope with a global slowdown.
SINGAPORE (Reuters) - ArcelorMittal, the world's top steelmaker, is aiming to supply up to 70 percent of its own iron ore needs by 2012 to protect itself against surging raw material prices, a senior company official said on Wednesday.
The Indian equities market opened with a negative gap Wednesday and continued its downslide. Source: IndiaeNews.com: Business News | 9 Apr 2008 | 5:33 am
The Indian equities market opened Wednesday with a negative gap tracking mixed cues from other Asian markets. Source: IndiaeNews.com: Business News | 9 Apr 2008 | 5:00 am
Goa's traditional liquor feni needs more than just tipsy tourists to keep it going. The popular drink is facing challenges on its home turf even as an effort has been initiated to seek Geographical Indication (GI) for it. Source: IndiaeNews.com: Business News | 9 Apr 2008 | 3:30 am
April 2, 2008 was an important date in the history of the farmers’ movement in India. On that day, the farmers near Sisauli village in the western Uttar Pradesh got together to fight a pitched battle with the State police, which had come ... Source: Business Line - Home Page | 9 Apr 2008 | 12:00 am
Mumbai, April 8 SEBI on Wednesday made some modifications to the Clause 49 of the Listing Agreement. SEBI has stated that at least half of the board of directors of a listed company should consist of independent directors if the non-executive ... Source: Business Line - Home Page | 9 Apr 2008 | 12:00 am
New Delhi, April 8 Iconic brands Cartier and Armani are all set to enter the country, with the Government approving on Tuesday their FDI (foreign direct investment) proposals under single-brand retailing.Richemont Services BV plans to ... Source: Business Line - Home Page | 9 Apr 2008 | 12:00 am
The down move that commenced at the July 2006 peak at Rs 47.04 halted at Rs 39.08 in October 2007 with a classic five-wave formation that characterises impulse waves (moves in the direction of the trend) as per Elliott Wave rules. If we place ... Source: Business Line - Home Page | 9 Apr 2008 | 12:00 am
"The APDRP scheme now awaits cabinet approval. The Rs 50,000 crore scheme is going to be sanctioned very soon in its new 'avatar'," Ramesh said. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 10:10 pm
The Securities and Exchange Board of India (Sebi) may go for a study of listers' profile before further relaxing the regulations on Indian depository receipts. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 10:08 pm
The National Stock Exchange (NSE) on Tuesday launched volatility index, a tool available in developed markets, to help investors in judging market risks better. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 10:07 pm
Listing of initial public offerings in seven days from the book closure of a public issue -- or T+7 in regulatory language -- is likely to become a reality soon. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 10:05 pm
If the Reserve Bank of India needed any more reasons (besides high inflation) to hike interest rates, it can look to Tuesday's numbers of the daily liquidity adjustment facility (LAF). Source: Daily News & Analysis: Money News | 8 Apr 2008 | 10:04 pm
With the market in a see-saw mode for the best part of the last three months, gentlemen in the market seem to have taken solace in the gentlemen's game. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 9:48 pm
US-based outsourcing firm Integreon, which has a presence in India, is on the lookout for acquisitions here. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 9:42 pm
The emerging economies such as India, Russia and China are the new growth drivers and companies are developing products specially suited for these markets. Source: Daily News & Analysis: Money News | 8 Apr 2008 | 9:40 pm
In his first-ever interview after being elected the chairman of Nasscom, Ganesh Natarajan speaks about his priorities with Amit Tripathi Source: Daily News & Analysis: Money News | 8 Apr 2008 | 9:39 pm
Upset with the state government's failure to supply regular electricity, at least 25 panchayats or village bodies in Haryana's Ambala district have issued an order to villagers not to pay power bills. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 7:01 pm
One of Asia's largest perishable goods markets, Koyambedu, located on the western suburbs of Chennai, remained closed Tuesday as merchants held protests against Karnataka's opposition to the Hogenekkal drinking water project. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 7:00 pm
They might have made little headway in the market so far, but leading Chinese consumer electronics companies are busy drawing up big plans to expand their footprints in India. ?? Source: Business Standard | Front Page Headlines | 8 Apr 2008 | 6:52 pm
The Essar group has initiated talks on a possible merger of its tower company, Essar Telecom Infrastructure Pvt Ltd (ETIPL), with telecom infrastructure service provider GTL Ltd. ?? Source: Business Standard | Front Page Headlines | 8 Apr 2008 | 6:51 pm
The Central Bureau of Investigation (CBI) conducted searches at seven premises of the promoters of the Hiranandani Group, Niranjan and Surendra, for under-reporting employee numbers and evading Source: Business Standard | Front Page Headlines | 8 Apr 2008 | 6:49 pm
Tamil Nadu Chief Minister M. Karunanidhi Tuesday evening launched the ICT Academy, a premier organisation to develop IT skills in cooperation with the Confederation of Indian Industry (CII). Source: IndiaeNews.com: Business News | 8 Apr 2008 | 5:00 pm
A committee of state finance ministers Tuesday were broadly agreed on the roadmap for adopting a nation-wide goods and services tax regime and also converged on the compensation for reducing the central sales tax rate. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 4:01 pm
The Bharat Electronics Ltd (BEL) posted a sales turnover of Rs.41.14 billion ($1.02 billion) in 2007-08, registering a marginal increase of four percent from the previous fiscal figure of Rs.39.5 billion, the state-run defence enterprise said here Tuesday. Source: IndiaeNews.com: Business News | 8 Apr 2008 | 4:00 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
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
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
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
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
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
