The twomonth old Yahoo! takeover tale has taken a surprising twist. Rupert Murdoch\'s News Corp has reportedly joined forces with Microsoft to launch a joint bid for Yahoo!. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 6:27 pm
Your dream home in Chennai could be in jeopardy. The city\'s real estate developers are struggling to get clearance for projects totaling almost 50 million square feet. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 4:47 pm
Newsprint prices are all set to touch USD 1,000 per tonne mark after a hike of 23% in March to USD 760 per tonne. Newsprint prices account for over 50% of the total cost. Prices are up 30% at USD 850 per tonne in FY08. Prices are likely to rise 2530% in FY09 as well to touch USD 1,000 per tonne mark. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 3:56 pm
TRAI said that all broadcasters, except 1 have agreed to slash a la Carte rates for DTH. Broadcasters have agreed to slash rates to 50% of the rates in nonCAS areas. All broadcasters are ready to offer nonCAS bouquet to DTH players. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 2:40 pm
PARIS (Reuters) - Royal Dutch Shell Plc said it was in talks with India's Reliance about taking a stake in that company's D6 block in the Krishna Godavari basin off India's east coast.
NEW YORK (Reuters) - U.S. stocks were little changed on Thursday as reports of sluggish sales at major retailers heightened concerns about the economy's health and the impact of the housing slump on consumers, offsetting Wal-Mart Stores Inc's raised outlook.
NEW DELHI (Reuters) - NTPC Ltd, India's top power producer, posted a 4 percent rise in full-year provisional profit on Thursday and said it would double coal imports in 2008/09 to feed its expanding capacity.
WELLINGTON/TOKYO (Reuters) - Airlines lined up on Thursday for compensation after Boeing Co announced a further six-month delay for its new 787 Dreamliner plane.
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Thursday that the U.S. economy had "turned down sharply" and still faced risks from the housing and finance sectors.
The Steel Ministry has said that the import duty cut on steel may not be effective as global prices are high, reports CNBCTV18. It has also said that it would set up an Internal Committee to monitor steel and raw material prices. The Ministry has said that the next set of fiscal measures will depend on the outcome of the Committees Study. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 1:39 pm
The Mining Ministry has said royalty rates on minerals are likely to go up, reports CNBCTV18. The Union Cabinet will take a decision on that in a day or two. Nalco may get Navaratna status. The ministry said they will oppose any fresh tax on iron ore exports. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 1:38 pm
The markets closed weak on Thursday with the benchmark Sensex losing 95 points on negative global cues which triggered fag-end selling in heavyweight stocks, especially in banking sector. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 1:27 pm
Sources close to CNBCTV18 inform that Orbit Corporation is close to selling Hafeez Contractor House located at Lower Parel in Mumbai. Hafeez Contractor House measures 2.05 lakh square feet. The deal is likely to be at Rs 25,000/sq ft; the deal size being close to Rs 500 crore. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 1:05 pm
The lignite mining and power generation at Neyveli Lignite Corp Ltd (NLC) returned to normalcy as majority of the 12,000 contract labourers returned to work after a nine-day strike. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 1:02 pm
The Indian Commercial Pilots Association (ICPA) Thursday threatened to file a defamation suit against Kerala parliamentarian P.V. Abdul Wahab for calling a pilot a 'glorified driver'. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 1:02 pm
Union Steel Minister Ram Vilas Paswan Thursday said strong measures would be taken if steel producers were found to have increased prices more than the input costs. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 1:01 pm
Cephalosporin bulk drug manufacturer Orchid Chemicals and Pharmaceuticals Ltd has announced that it has formed a Japanese subsidiary, Orchid Pharma Japan KK, to enter the generics market of that country. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 1:01 pm
NEW DELHI (Reuters) - The fund arm of American International Group Inc aims to outpace others as it grows in India despite market uncertainty, and is bullish on the infrastructure sector, a senior official said on Thursday.
Yahoo! and Time Warner's AOL are close to inking a deal to combine their internet operations to thwart Microsoft's takeover bid. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 12:34 pm
The central government's proposed special purpose vehicle (SPV) to help the textile industry that has been hit by the rupee appreciation is poised to take off in four months. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 12:30 pm
MUMBAI (Reuters) - India's gold imports in March halved from a year ago to 27 tonnes, extending a sharp downward trend as high prices kept buyers away but recovering from a heavier fall in February, a top industry official said.
Pharma major Glenmark Pharmaceuticals Ltd has sought approval from the US Food and Drug Administration (USFDA) to carry out clinical studies of its drugs prescribed in the treatment of pulmonary and bowel diseases. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 12:02 pm
On Board Special Air India Aircraft, April 10 (IANS) India is set for a 'more vibrant relationship' with Kazakhstan and Turkmenistan, particularly in the hydrocarbon sector, Vice President Hamid Ansari said Thursday at the end of a week-long visit to the Central Asian nations. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 12:01 pm
A volatile Indian equities market closed in the red amidst choppy trade Thursday due to selling in key sector scrips, though global cues were mixed. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 12:01 pm
The global real estate investment market volumes for 2008 are expected to be down by over 30 percent as compared to 2007, a leading real estate consultant, Jones Lang LaSalle, has said in its latest report Thursday. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 12:01 pm
Helicopter service firm Global Vectra Helicorp Ltd (GVHL), part of the UK-based $700 million Vectra Group, plans a rights issue of shares by December to fund its expansion, a top official said Thursday. Source: IndiaeNews.com: Business News | 10 Apr 2008 | 12:00 pm
NEW DELHI (Reuters) - A steep rise in food prices will make inflation control more difficult, Prime Minister Manmohan Singh said on Thursday, as he urged the global community to act together to ease a supply-demand mismatch.
Gautam Vir, DCB (Development Credit Bank) clarified that the bank is not in discussion with any bank for merger. HDFC\'s investment in DCB is purely financial, he told CNBCTV18. HDFC is a financial investor in DCB and nothing more, he clarified. DCB has no plans of any merger with larger banks, he said. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 10:25 am
ProLogis announced joint venture partnership with Indian real estate developer K Raheja Corporation in a 50/50 joint venture to acquire land, develop properties and manage the assets. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 10:21 am
China is pushing aggressively in Africa as it scrambles for resources, but India has been no match. Now Africa wants Indian industry to play a developmental role, without being extractive. It has been a long 60year wait for the Tatas in Africa, who now find the market interesting with high commodity prices and improving governance. Source: Moneycontrol Top Headlines | 10 Apr 2008 | 8:50 am
NEW DELHI (Reuters) - Months ago the talk of India appeared to be shooting stock prices, brave business deals and cricket wins. In a New Delhi vegetable market swarming with flies, chatter has turned more mundane, and angry, to rising prices.
Tata Motors has earmarked production of barely 50,000 Nanos from its Singur plant in West Bengal during 2008-09. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 10:26 pm
Intas Biopharmaceuticals Ltd (IBPL), a part of the Ahmedabad-based Intas Pharma group, could well become the first Indian company to market a biosimilar drug in Europe, well ahead of the blue-blood biggies in the fray. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:31 pm
The countdown has begun for an early commencement of trial runs at 580,000 barrels per day Reliance Petroleum refinery in Jamnagar. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:29 pm
At a time when international prices of coking coal are poised to surge 200%, Steel Authority of India Ltd (SAIL) is at the receiving end of a second whammy. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:28 pm
Ahead of amendments to the trade policy, exporters have said that service tax refund sops doled out by the Union finance ministry are meaningless. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:27 pm
Reliance Life Insurance is on a fast track and claims to have grown thrice as fast as private sector peers. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:24 pm
The central government and the Reserve Bank of India are fighting a losing battle against inflation, as both fiscal as well as monetary measures Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:23 pm
Areva T&D India, which had announced an investment of Rs 400 crore in 2007 for expanding capacity, has increased that outlay to Rs 700 crore. Source: Daily News & Analysis: Money News | 9 Apr 2008 | 9:22 pm
In an interesting twist to the Solrex-Orchid saga, Ranbaxy Laboratories today said it is against hostile takeover of any Indian pharmaceutical company. ?? Source: Business Standard | Front Page Headlines | 9 Apr 2008 | 7:03 pm
K Raghavendra Rao, the promoter and the managing director of Chennai-based Orchid Chemicals and Pharmaceuticals Ltd, has managed to garner the support of large institutional investors to thwart a Source: Business Standard | Front Page Headlines | 9 Apr 2008 | 7:03 pm
The country's leading steel producers have devised a new strategy to pass on rising raw material costs to the end users without raising prices. ?? Source: Business Standard | Front Page Headlines | 9 Apr 2008 | 7:02 pm
