India`s state run refiner Indian Oil Corp (IOC) plans to spend 75 billion rupees (USD1.88 billion) in the current financial year on its various refinery projects, its Chairman Sarthak Behuria said on Monday. Source: Zee News : Business | 14 Apr 2008 | 11:47 am
India`s top biotechnology firm, Biocon Ltd, is in talks to acquire a US firm in a deal valued at USD400 million to boost its overseas pharmaceutical distribution network, the Mint newspaper reported on Monday. Source: Zee News : Business | 14 Apr 2008 | 11:47 am
Gold fell more than 1 percent on Monday as the US dollar jumped against other currencies after the Group of Seven meeting, prompting investors to trim their positions in bullion and other precious metals. Source: Zee News : Business | 14 Apr 2008 | 11:47 am
In a move that acknowledges
India`s contribution to global growth and stability, the IMF
has proposed raising its quota and vote shares which would
push its position up to 11th among the 184 member nations. Source: Zee News : Business | 14 Apr 2008 | 11:47 am
The Mangalorebased Corporation Bank will take its first step towards its international presence with the opening of a representative office in Dubai in the first quarter of this fiscal. Source: Moneycontrol Top Headlines | 14 Apr 2008 | 9:56 am
Reliance Gas Transportation Infrastructure Ltd (RGTIL), a Mukesh Ambaniled company, which is implementing the 1,440km pipeline project from Kakinada (Andhra Pradesh) to Baruch (Gujarat) to transport gas from Reliance Industries Ltds (RIL) eastcoast fields, expects to start testing (dry run) the pipeline shortly. Source: Moneycontrol Top Headlines | 14 Apr 2008 | 9:53 am
Russian conglomerate JFC Sistema is looking to acquire another mobile operator in India in a bid to expand its operations quickly. Source: Moneycontrol Top Headlines | 14 Apr 2008 | 9:51 am
Top Indian companies like Essar, Reliance and the Tata group are getting ready to roll out over $20 billion investments in sectors ranging from oil and gas to plastic and fertilisers in Egypt. Source: IndiaeNews.com: Business News | 14 Apr 2008 | 9:02 am
India was optimistic that it would be able to resolve the technical and price differences with Pakistan to get the trans-national Iran-Pakistan-India (IPI) pipeline on track soon, Petroleum Minister Murli Deora said here Monday. Source: IndiaeNews.com: Business News | 14 Apr 2008 | 9:00 am
NEW DELHI (Reuters) - Indian Oil Corp (IOC), the country's biggest refiner, expects to process 46.5 million tonnes of crude in the current financial year, marginally down from the last year as it plans maintenance shutdowns at some of its refineries, its director of finance said on Monday.
NEW DELHI (Reuters) - India's Petronet LNG will buy 15 more spot LNG cargoes this fiscal year as it doubles the capacity of its liquefied natural gas plant in western India to 10 million tonnes from December, Chief Executive P. Dasgupta said on Monday.
AMSTERDAM (Reuters) - Philips Electronics reported a bigger-than-expected 28 percent drop in quarterly core profit on Monday, as its television business sank deeper into the red, and warned it expected some developed economies to slow.
HONG KONG (Reuters) - Jet Airways Ltd, India's top private carrier, expects revenue from international flights to keep growing despite a darkening global economic outlook, and it warned Boeing it will demand compensation if there are further delays to the revolutionary 787.
BEIJING (Reuters) - Pakistan President Pervez Musharraf is pushing for the construction of gas and oil pipelines between his country and China to bolster bilateral ties, he said on Monday, during a visit that has highlighted security concerns.
HONG KONG (Reuters) - Asian shares tumbled on Monday after the Group of Seven nations' efforts to support the U.S. dollar failed to take the sting out of a nasty earnings surprise from General Electric Co.
The Mukesh Ambani promoted Reliance Industries Ltd Monday said the company would announce its yearly financial results on April 21. Source: IndiaeNews.com: Business News | 14 Apr 2008 | 7:32 am
Grasim Industries Limited, a flagship company of the Aditya Birla Group, said Monday that it had increased its stake in AV Cell Inc., a joint venture company in Canada, from 25 percent to 45 percent for a sum of Rs.240 million. Source: IndiaeNews.com: Business News | 14 Apr 2008 | 7:31 am
SINGAPORE (Reuters) - Oil prices fell below $110 a barrel on Monday, backing further away from last week's record high as the dollar gained following an unexpected warning from the Group of Seven against excessive currency fluctuations.
BEIJING (Reuters) - That banging sound across much of Asia is the stable door being slammed shut long after the galloping horse that is inflation has bolted.
Why haven't NRIs in the West invested in Africa? Perhaps due to the lack of information about high returns on investment. Perhaps due to the outdated perceptions and prejudices about Africa. Perhaps due to apathy about Africa as a growing market. Or perhaps due to violence that constantly bursts into headlines. Source: IndiaeNews.com: Business News | 14 Apr 2008 | 5:31 am
NEW DELHI (Reuters) - Trade Minister Kamal Nath said on Friday India's telecom equipment exports would touch 100 billion rupees ($2.5 billion) by 2011.
SINGAPORE (Reuters) - Gold fell more than 1 percent on Monday as the U.S. dollar jumped against other currencies after the Group of Seven meeting, prompting investors to trim their positions in bullion and other precious metals.
When Bangalore-based Strides Arcolabs was to merge with Matrix Laboratories, both first-generation companies believed it was worth it, reminisces Strides Executive Director, Mr K.R. Ravishankar, though the deal did not go through. Close to ... Source: Business Line - Home Page | 14 Apr 2008 | 12:00 am
India, with around 260 million wireless subscribers, is set to adopt the international compliance norms to prevent health hazards linked to use of mobile phones. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:36 pm
The idea is to own the latest technology in industrial systems the missing link in the company's product portfolio today. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:35 pm
The Rs 1,800 crore Varroc group, which manufactures a host of key auto components, is looking at a big-ticket acquisition in Europe this fiscal. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:35 pm
Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), may not have to participate in the auction process for getting 3G (third generation) spectrum Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:33 pm
With just three trading days this week (truncated by the birthdays of Babasaheb Ambedkar and Lord Mahavir on either end), the prognosis is one of weakness. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:32 pm
Supply of government paper hit the market in full force last week and the market found no place to hide. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:31 pm
Price action in the local currency market was pretty placid last week. Rupee's movements against the US dollar were confined to a narrower range Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:30 pm
The Nifty started last week with short covering, with April futures shedding around 1.5 million units. The Nifty rose over 2.5% on Monday to close at 4761. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:29 pm
With the Indian economy expected to grow at around 8.5%, the logistics sector, which forms an integral part of this growth story, is expected to grow at 15%-20% Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:28 pm
Last week, there was a slight spike in turnover and open interest as trader interests revived on firm energy prices. Source: Daily News & Analysis: Money News | 13 Apr 2008 | 9:27 pm
How much land in India is under forest cover? No one has a clue though the Government of India has been bringing out state of the forest reports every two years for two decades. ?? Source: Business Standard | Front Page Headlines | 13 Apr 2008 | 6:43 pm
National carrier Air India's strategy to cut full-service flights and replace them with low-cost services by Air India Express on its West Asian routes has backfired. ?? Source: Business Standard | Front Page Headlines | 13 Apr 2008 | 6:42 pm
Delhi's Food and Civil Supplies Minister Haroon Yusuf Sunday alleged that some, including the ruling Congress' political 'rivals', were trying to create artificial crisis of essential goods in the city. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 6:02 pm
After cement, it may be the turn of steel. The Cabinet Committee on Prices, which is meeting next week to take stock of the price situation, may ban exports of steel and steel products. ?? Source: Business Standard | Front Page Headlines | 13 Apr 2008 | 5:19 pm
Even as the Poonjar royal family has moved court to get back its land which is currently on lease to Tata Tea and to Kannan Devan Hills Plantations Co (KDHPC), the Kerala government has reached the last phase of land survey at Munnar, where Tata is the biggest landholders. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 2:31 pm
Despite the central government's unprecedented Rs.600 billion ($15 billion) loan waiver, farm suicides continue unabated in Vidarbha with as many as 20 of them reported from different districts of the region in the last 72 hours. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 2:30 pm
The capital's residents and industries can look forward to a summer free of power outages as the central government has assured the city supply of 200 MW more from next month. Source: IndiaeNews.com: Business News | 13 Apr 2008 | 1:00 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
