The governments Trade Policy has given special export sops for sports goods and toys. Ashok Kumar Bansal, CMD, Hanung Toys, said the sops would benefit the companys bottomline. \"Next year, our turnover is going to improve by at least 4050% and our bottomline will improve by at least 23%.\" Source: Moneycontrol Top Headlines | 11 Apr 2008 | 4:29 pm
J K Tyre acquires100% of Tornel a Mexican tyre company for 2700 million rupees. Tornel provides an entire range of bias and radial tyres for trucks, LCVs and passenger cars. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 4:18 pm
The Government of India will be added as a party in the Reliance Industries Reliance Natural Resources Ltd. case. RNRL said it will oppose government move for the inclusion as a party in RILRNRL case, according to wire reports. Bombay High Court has adjourned RILRNRL gas pact case to April 29. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 3:47 pm
At the final installment of the fiveyear trade policy announced, Commerce Minister Kamal Nath has said that primary steel exports and cement exports will be banned. Interest subvention will be extended by one year to 2009. The sunset clause on EOUs has been extended to 2010. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 3:34 pm
At the final installment of the fiveyear trade policy announced, Commerce Minister Kamal Nath has said that primary steel exports will be banned. Interest subvention will be extended by one year to 2009. The sunset clause on EOUs has been extended to 2010. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 12:27 pm
The TRAI supports Pan India implementation of Mobile Number Portability (MNP). The TRAI requested the Department of Telecom to grant license for MNP Clearing House Administrator. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 12:12 pm
TOKYO (Reuters) - Toyota Motor Corp said it plans to enter the low-price car market in India, throwing down the gauntlet to rivals such as Tata Motors in the race to win over the nation's millions of cost-conscious consumers.
NEW DELHI (Reuters) - India on Friday extended a slew of schemes designed to boost exports, but moved to curtail overseas sales of steel and cement to ease price pressures as inflation surged to a new three-year high.
BANGALORE (Reuters) - Indian shares rose 0.72 percent on Friday to their highest close in a week, recovering from an intraday fall on a spike in inflation, with sentiment boosted by stronger-than-expected growth in industrial output.
LONDON (Reuters) - Worse-than-expected results from U.S. conglomerate General Electric turned a tentative stock rally on its head on Friday and added further pressures on the dollar.
BOSTON (Reuters) - General Electric Co reported on Friday an unexpected 6 percent drop in profit, as the slumping U.S. economy and credit crunch drove down profits at its financial, industrial and healthcare units.
MUMBAI (Reuters) - Microsoft Corp believes it has made a fair offer to acquire Yahoo and is committed to bolstering its digital advertising capabilities irrespective of the outcome, its chief operating officer said.
NEW DELHI (Reuters) - The Telecom Regulatory Authority of India (TRAI) on Friday recommended mobile users to be given the right to retain their numbers when they switch operators or move to different regions within the country.
Ignoring the record high inflation levels, the Indian equities market closed in the green Friday, with investor confidence boosted by the growth in industrial production, and in tune with markets overseas. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 11:03 am
Real estate developers here Friday demanded an inquiry into the rise in steel prices and warned that if the prices were unchecked, plans for the Commonwealth Games 2010 would be hindered and would hit the residential construction business. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 11:01 am
India will now be able to operate as many flights as logistically possible to Chile and Brazil and vice versa, after the union cabinet Friday approved an air services agreement with the two countries. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 11:01 am
Japanese auto major Toyota Motor Corporation (TMC) will build a second plant near India's silicon hub to roll out small cars and expand its production capacity for other passenger vehicles, the company's Indian subsidiary said here Friday. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 11:01 am
India unveiled its Foreign Trade Policy update Friday that sets an export target of $200 billion for 2008-09 and bans export of cement with a twin focus of curbing price rise and boosting trade. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 11:00 am
NEW DELHI (Reuters) - Inflation jumped to its highest in more than three years and industrial output growth picked up, increasing the odds of the central bank tightening policy, although analysts are divided on how it would do it.
Attn Editors: Please kill the story 'India unveils policy on new airport projects', which moved on our wire at 13:59:57 hrs. The story was based on an official statement. The authorities have since withdrawn the statement. No substitute will follow. Please guard against its publication. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 9:32 am
With a twin focus of curbing price rise and boosting trade, Commerce Minister Kamal Nath recast India's foreign trade policy Friday, that bans export of primary steel and extends fiscal sops to a range of industries. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 9:32 am
NEW DELHI (Reuters) - The cabinet on Friday set up a team of top civil servants to examine the recommendations of the pay panel for government employees which has announced a steep increase in salaries.
The Indian auto industry\'s overall sales fell 4% during the last fiscal as compared to a growth of 13.5% during the previous year, even though some segments within the industry posted growth. The Indian auto industry will have to devise new ways to fight the problems of rising inflation and interest rates to avoid a tougher year this time. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 8:56 am
In order to moderate iron ore prices and thereby control steel prices and curb inflation, the Government is toying with the idea of revising the iron ore export duty structure and bring in a mix of fixed and advalorem duties. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 8:46 am
Glenmark expects to file an investigational new drug (IND) application with the US regulatory authority by August, to start the first phase of human trials on its monoclonal antibody (GBR 500). Source: Moneycontrol Top Headlines | 11 Apr 2008 | 8:44 am
Atlas Copco (India), part of the Swedish diversified group engaged in compressor manufacture, drilling mining and construction equipment business, has announced the acquisition of 25 per cent stake in Focus Rocbit and Prisma Roctools, both privatelyheld drilling bit makers based in Hyderabad. Source: Moneycontrol Top Headlines | 11 Apr 2008 | 8:42 am
Thousands of people queued up here Friday as ticket sales began for the India-Bangladesh Moitree (friendship) Express that will resume services after 43 years on Bengali New Year's Day Monday. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 8:31 am
Shriram Life Insurance Company Ltd and New India Assurance Company Ltd have been fined Rs.500,000 each by the Insurance Regulatory and Development Authority (IRDA) for not complying with stipulated norms. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 8:30 am
In an effort to promote new airports in the country, the Indian government Friday did away with the compulsory approval clause for all new projects that come up beyond a 150-km radius of existing ventures. Source: IndiaeNews.com: Business News | 11 Apr 2008 | 8:30 am
Bangalore, April 10 The Supreme Court judgment upholding 27 per cent reservation for OBCs in central institutes of higher learning could reverse the entire student selection process at the six Indian Institutes of Management, perhaps even ... Source: Business Line - Home Page | 11 Apr 2008 | 12:00 am
Mumbai, April 10 Mr B.C. Khatua, Chairman, Forward Markets Commission, has said “futures trading has become a newfound scapegoat for price rise in commodities.” Reacting to the manufacturers demand for a ban on steel futures ... Source: Business Line - Home Page | 11 Apr 2008 | 12:00 am
Even while expressing concern over rising commodity and food prices, the Prime Minister, Dr. Manmohan Singh indicated it would be undesirable to react to such a situation by “returning to an era of blind controls”. Admitting ... Source: Business Line - Home Page | 11 Apr 2008 | 12:00 am
When Virgin Mobile offered to pay consumers to chatter more on their mobiles, it started something radical in the history of mobile telephony. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:50 pm
The buzz about Reliance Industries (RIL) divesting a small stake in its gas exploration & production business (E&P) to a strategic investor just got louder on Thursday. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:48 pm
Marketing and brand experts at Kingfisher Airlines are piece by piece extinguishing the 'Deccan' brand and stamping the personality of the pioneering carrier's new owner Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:45 pm
e automobile industry failed to hold its caravan steady last fiscal as sales missed the 10 million domestic vehicle sales mark by a wide margin. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:44 pm
NTPC Ltd will bid for exploration blocks on offer under the New Exploration Licensing Policy phase VII. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:43 pm
The Rs 1,000 crore Lumax group, a leading manufacturer of automotive lighting in India, has decided not to go ahead with the commissioning of its Haridwar plant Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:42 pm
A new minister has been appointed for mines. And a new minister of state will now be looking after steel. That has, once again, filled the hearts of steel producers Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:40 pm
Manisha Sood, country manager, India and SAARC of SanDisk, shared the India plans of the world's largest data-storage memory chipmaker with Vivek Seal. Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:40 pm
Orient Paper & Industries Ltd (OPIL), the C K Birla group flagship with interests in paper, cement and electric fans, is at an advanced stage of launching compact fluorescent lamps Source: Daily News & Analysis: Money News | 10 Apr 2008 | 9:39 pm
With both the Indian and Chinese governments agreeing to a full fifth freedom last month, the doors have opened for Indian carriers to tap the lucrative US west coast market through the Middle Kingdom Source: Business Standard | Front Page Headlines | 10 Apr 2008 | 6:53 pm
The Uttar Pradesh government plans to introduce an Act regulating groundwater use by soft drink and mineral water makers shortly.?? Source: Business Standard | Front Page Headlines | 10 Apr 2008 | 6:51 pm
