Rising food prices could have terrible consequences for the world, including the risk of war, the IMF has said, calling for action to keep inflation in check. "Food prices, if they go on like they are doing today... the consequences will be terrible," International Monetary Fund Managing Director Dominque Strauss-Kahn said. "Hundreds of thousands of people will be starving... (leading) to disruption of the economic environment," Strauss-Kahn added. Source: Zee News : Business | 13 Apr 2008 | 12:12 pm
Describing the soaring inflation in India as "a politically hot issue", the International Monetary Fund (IMF) on Saturday asked the Indian government to take immediate steps to arrest prices before the problem becomes entrenched and spills over. Source: Zee News : Business | 13 Apr 2008 | 12:12 pm
Policy-makers pledged over the weekend to purge capitalism of the excess that caused the latest crisis in financial markets. Source: Zee News : Business | 13 Apr 2008 | 12:12 pm
Flower exports from Kolkata were put on hold for a week Sunday due to heavy losses incurred in a fire in the 125-year-old flower market near Howrah Bridge. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 10:30 am
The Indian government is all set to meet Goa officials and developers after the state government decided to scrap its special economic zones following large-scale protests. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 10:01 am
COLOMBO (Reuters) - Sri Lanka's national power grid crashed on Sunday, a holiday for the Sinhala-Tamil New Year, most likely due to overload, a senior state electric company official said.
Following the success of its youth brand Fastrack, watch maker Titan Industries is mulling a re-entry into the children's segment. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 8:00 am
A huge curiosity less than 90 years ago, a good looking red fruit has taken Mahabaleshwar by storm. With more local farmers taking to growing strawberries every year, this western hill station now contributes almost 85 percent of India's total production. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 7:30 am
BOAO, China (Reuters) - Starbucks Corp, the world's biggest coffee-shop chain, has no immediate plans to raise prices in China even though costs are climbing, a senior executive said over the weekend.
The Taj Mahal, a 17th century architectural marvel in marble, was meticulously planned. But the same cannot be said for Agra, which is witnessing a construction spree that could dent its heritage character. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 5:31 am
The Indian Institute of Management (IIM) Lucknow will not join the rest of the IIM fraternity in massively hiking course fee. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 4:30 am
MANILA (Reuters) - Merly Paz, a Filipina domestic worker in Hong Kong, has stopped sending money for the construction of her home in southern Iriga City because the peso value of her U.S. dollar-pegged salary has fallen sharply.
Prospering Haryana has washed its hands off the welfare of migrant labourers there, asserting it is not responsible for the poverty of other states, says a National Human Rights Commission (NHRC) report. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 3:31 am
BOAO, China (Reuters) - China should bear hot money in mind when setting policy as a recent surge in its foreign exchange reserves implies that footloose global capital is still pouring into the country, a central bank adviser said on Sunday.
Solrex Pharmaceuticals, believed to be a Ranbaxy Laboratories-promoted company, has reportedly increased its stake in Chennai-based drug major Orchid Chemicals and Pharmaceuticals to 14.72 per cent ? Source: Business Standard | Front Page Headlines | 13 Apr 2008 | 12:17 am
Khanna (Punjab), April 12 The Food Corporation of India (FCI) is likely to meet its target of procuring 150 lakh tonnes of wheat for buffer stocks and perhaps exceed it despite talks of the crop being affected by last week’s rain and ... Source: Business Line - Home Page | 13 Apr 2008 | 12:00 am
Chennai, April 12 Addressing the BL Club meeting, Mr T.V. Mohandas Pai, Director-HR, Infosys, gave details of HR shortage across layers. In infrastructure, India builds 1 billion sq ft of space, and at the rate of about 2,000 people for every ... Source: Business Line - Home Page | 13 Apr 2008 | 12:00 am
New Delhi, April 12 A new company ‘Invest India’ would be set up to promote inward investments and provide ‘hand holding’ services to foreign investors scouting for investment opportunities in India, the Union Commerce ... Source: Business Line - Home Page | 13 Apr 2008 | 12:00 am
Maoists in Nepal appeared to be marching towards becoming the single largest party as results began trickling in after the country's first popular election following the abolition of the monarchy. ?? Source: Business Standard | Front Page Headlines | 12 Apr 2008 | 11:20 pm
A high-level Boeing team will arrive in New Delhi this week to discuss outstanding issues, including compensation, with national carrier Air India after the aerospace giant announced a further Source: Business Standard | Front Page Headlines | 12 Apr 2008 | 11:18 pm
The central government has decided to set up a first-of-its-kind National Institute for Cancer in Chennai, said Health Minister Anbumani Ramdoss here Saturday. Source: IndiaeNews.com: Business News | 12 Apr 2008 | 5:32 pm
Nearly 150 farmers ended a rally here Saturday after marching through five states opposing the government policy on genetically modified seeds and seeking attention to the plight of peasants in the country. Source: IndiaeNews.com: Business News | 12 Apr 2008 | 5:30 pm
Rahul Bajaj of Bajaj Auto, said industry, services, manufacturing, govt and civil society will have to work together and set up the best infrastructure, better roads, railways, seaports, and airports, and surplus power. He feels Ind manufacturing has come of age. It will keep improving and impacting and putting its presence all over the world. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 4:14 pm
WASHINGTON (Reuters) - The Organization of Petroleum Exporting Countries' top market analyst said on Saturday OPEC was committed to maintaining oil market stability and that global demand appears to be softening.
The muchhyped Fab city in Hyderabad got the boot as the semiconductor hub of India, but now it\'s been reenergised attracting almost USD 4 billion in investments. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 2:11 pm
Solrex has acquired 3.32% stake in Orchid Chemicals on Friday, reports CNBCTV18. The company shareholding in the Indian Pharmaceuticals major has reached 14.72%, which is close to 15% open offer trigger. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 1:40 pm
FMCG companies have found a way to make consumers pay more for their products without actually increasing prices. Most companies have gone ahead and reduced packet sizes of their popular products. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 1:25 pm
Bangalorebased agency Origami decided to give their new workspace a twist that makes both employees and clients smile. All meals are eaten under the mango tree and the creative team get to choose between a snakes and ladders room, a music room, the bar room and the Zen room depending on the mood for the day. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 1:10 pm
A day after the government announced a ban on cement export to arrest prices, Commerce and Industry Minister Kamal Nath said Saturday that it is not applicable to special economic zones (SEZs). Source: IndiaeNews.com: Business News | 12 Apr 2008 | 1:02 pm
Toyota is going full throttle in India. Just three months after Toyota Motors\' top boss said India would be one of the debut markets for its small car, the company has announced a second plant in Bangalore Source: Moneycontrol Top Headlines | 12 Apr 2008 | 12:45 pm
Bored of your own vehicle, you do not need to replace it to get that extra zinc. Kishor Musale has built Rs 200 crore empire by dressing up cars and bikes. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 12:22 pm
JK Tyre has acquired Mexican tyre company, Tornel for Rs 270 crore to become India\'s fourth largest fourwheeler tyre company. JK Tyres\' turnover will now exceed USD 1 billion. The company will fund the acquisition through a mix of internal accruals and debt. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 12:18 pm
The Madras High Court has passed an injunction preventing Axis Bank from taking any steps for recovery from Rajhshree Sugars. The order comes after the High Court heard the appeals of both parties. Source: Moneycontrol Top Headlines | 12 Apr 2008 | 11:35 am
