The Finance Ministry is opposed to cutting the excise duty on steel, reports Newswire18. Also, the Mines Ministry is opposing imposition of advalorem export duties on iron ores. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 12:28 pm
AstraZeneca has said that it is in a settlement pact with Ranbaxy on Nexiums patent, reports Newswire 18.Ranbaxy will start the Nexium generic version sale in 2014. Nexium is a USD 5.5 billion drug, which is used to treat intestine ulcers. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 12:16 pm
HONG KONG (Reuters) - Affluent investors in Asia expect their economies to remain robust despite a weak U.S. economy, but they are less confident about the outlook for financial markets than three months ago, a survey by ING Asia/Pacific shows.
NEW DELHI (Reuters) - Ranbaxy Laboratories, India's top drugmaker by sales, said a patent litigation settlement with AstraZeneca Plc over ulcer pill Nexium was extremely positive and the drug would add to its revenue from 2009.
ABU DHABI (Reuters) - Indian carrier Jet Airways plans to expand its low-cost airline into Gulf routes this year as it seeks to widen its reach to tap growing demand, the regional chief said on Tuesday.
MUMBAI (Reuters) - India's economy is expected to expand by 9.5 percent in the current 2008/09 fiscal year, driven by large capacity additions, a Mumbai-based think-tank said on Tuesday.
Ordinary people with extraordinary endeavours. They dared to stand up, to swim against the tide because they believed and that makes them real heroes. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 9:19 am
With inflation coming in at a scorching 7.4% for week ended March 29, the ban on steel exports will be on top of the agenda when the Cabinet Committee on Prices meets today, reports CNBCTV18. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 9:16 am
PricewaterhouseCoopers may buy out Mumbaibased CA firm Dalal Shah, reports CNBCTV18, quoting sources. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 9:10 am
MUMBAI (Reuters) - Inflation in India is a supply side and globally-driven problem and policymakers' focus will be more on supply and fiscal measures rather than monetary policy, a top executive at Kotak Mahindra Bank said on Tuesday.
The Jharkhand government, which is preparing the draft of a new industrial policy, will give 80 percent Value Added Tax (VAT) relief to those setting up industries in the state while businesses promoting handloom, sericulture and khadi will be given full exemption, an official said. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 9:01 am
The $2.17-billion Indian medical equipment industry will now work in a more structured way than it does at present, thanks to a new mechanism, a top health ministry official said Tuesday. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 9:00 am
Ambuja Cement said it would not be able to export cement till the ban exists, reports CNBCTV18. The cement major said the company exported 1.32 million tonne of cement in CY07, which amounted to Rs 277.48 crore. Cement exports amounted to nearly 4% of revenue. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 9:00 am
The recently approved Giorgio ArmaniDLF joint venture proposes to undertake wholesale trading of Armani branded products besides getting into singlebrand retail trading of Armani products including apparel and perfumes. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 8:50 am
Ranbaxybacked financial investment firm Solrexs game plan in acquiring Orchid Chemicals Pharmaceuticals Ltd may become clearer when the markets open on Tuesday. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 8:46 am
Hindustan Motors is set to add more dealerships in the country for a pan India presence to facilitate Mitsubishi Motors to reach out in new centres and also facilitate roll out of a wider model range. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 8:45 am
Reliance Industries Ltd on Monday said that it is yet to decide whether it wants to offload any stake in its KrishnaGodavari basin D6 block. Source: Moneycontrol Top Headlines | 15 Apr 2008 | 8:40 am
NEW DELHI (Reuters) - The Indian government expects inflation to come down in coming weeks, but state officials must prevent hoarding as part of efforts to stem rising prices of foods and other commodities, the trade minister said on Tuesday.
SINGAPORE (Reuters) - Gold extended gains and rose 1 percent on Tuesday as record oil prices and recent falls in the dollar encouraged some investors to put their money back into the precious metal.
Infosys Technologies Ltd has estimated consolidated revenue guidance of $5.05 billion for the new fiscal (2008-09), projecting year-on-year (YoY) growth of 21 percent over FY 2008 under the American accounting practice. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 8:01 am
Infosys Technologies Tuesday projected a flat growth rate of 19-21 percent for this fiscal, the same as the 20 percent year-on-year (YoY) revenue growth achieved in 2007-08. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 8:01 am
Indian equities, which had been in the negative zone Tuesday morning, moved into positive territory by the early afternoon. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 8:00 am
BANGALORE (Reuters) - Infosys Technologies, India's No. 2 software services exporter, reported a near-10 percent rise in quarterly profit and gave a confident medium-term outlook, sending its shares up 5 percent, even as a slowing U.S economy hits outsourcing deals.
NEW DELHI (Reuters) - A cabinet panel on prices will take more measures to calm inflation and will meet soon, Finance Minister Palaniappan Chidambaram said on Tuesday.
Infosys Technologies Ltd has declared a whopping special dividend of Rs.20 per share (400 percent on par value of Rs.5 per share) for fiscal 2007-08. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 6:01 am
Surat, known for its beautiful textiles and dazzling diamonds, is now venturing into a new business - flower farming. Farmers from the region say the new generation among them is very enthusiastic about growing and marketing flowers. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 6:00 am
The merits or otherwise of special economic zones (SEZs) are under a raging debate in India but the realty industry is upbeat about the prospect of such zones and says it will drive infrastructure development in the country. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 5:33 am
Infosys Technologies Ltd. posted a net profit of Rs.12.5 billion for the fourth quarter (January-March) of fiscal 2007-08, registering a year-on-year (YoY) growth of 9.2 percent over the previous fiscal under the Indian accounting practice. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 5:32 am
Infosys Technologies Ltd posted a net profit of Rs.46.6 billion for the fiscal year 2007-08, registering year-on-year (YoY) growth of 21 percent over the previous fiscal (2006-07) under the Indian accounting system. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 5:31 am
New Delhi, April 14 Under pressure from business process outsourcing and call centre units in the country, the Department of Telecom has undertaken an exercise to review its registration policy for companies falling under the Other Service ... Source: Business Line - Home Page | 15 Apr 2008 | 12:00 am
New Delhi, April 14 Reliance Industries Ltd (RIL) on Monday said that it is yet to decide whether it wants to offload any stake in its Krishna-Godavari basin D6 block. A senior company official told Business Line, ... Source: Business Line - Home Page | 15 Apr 2008 | 12:00 am
ONGC Videsh Ltd, the overseas arm
of state-run Oil and Natural Gas Corp, on Monday qualified to bid
for oil and gas contracts in Iraq to develop one of the
world`s largest oil fields, a company official said. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
Hindustan Zinc Ltd, the country`s largest producer of the metal used in making galvanising steel, alloys, batteries, rubber and paint, on Monday said it has has increased zinc prices by Rs 1,600 a tonne and lead prices by Rs 500 a tonne. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
Pakistan President Pervez Musharraf on Monday pitched for close ally Beijing`s involvement in the ambitious India-Pakistan-Iran gas project as he mooted construction of oil and gas pipelines from Gulf to China through his country. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
India on Monday called for a regional gas alliance among the Asian countries for greater cross-border trade in the environmental-friendly fuel. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
Foreign investors nearly tripled
their inflows into India-dedicated funds to 156 million
dollars in the second week of April, compared to the previous
week, a latest report says. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
The financial crisis will affect market structure and pricing for at least a decade and lead to greater regulatory powers for central banks in areas at the centre of the turmoil, analysts at JP Morgan said. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
Leading global consulting and IT services provider, Satyam Computer Services Ltd, has retained its eminent position in MZ Consult`s 2008 Investor Relations Global Rankings for the Asia, Pacific, and Africa Region. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
The growth-oriented annual review to the Foreign Trade Policy will boost Indian exports and help the country achieve the ambitious target of five percent share in world trade by 2020, a survey by CII has said. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
Domestic airlines pay 66% tax on Aviation Turbine Fuel (ATF), eight times higher than what international carriers are charged to buy ATF in the country, industry body Assocham said on Monday. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
US retail sales unexpectedly rose in March as consumers had to dig deep to cover record high gasoline costs, according to a government report on Monday that did little to dispel the gloom hanging over the economy. Source: Zee News : Business | 14 Apr 2008 | 11:44 pm
By the middle of next year, one will have to dial 11 digits, instead of the current 10, to connect to mobile phone users across the country Source: Daily News & Analysis: Money News | 14 Apr 2008 | 10:13 pm
Faced with government's battle against inflation and specific offensive against the commodity, steel makers have started speaking in discordant voices to justify fresh price increases and at the same time oppose the proposed ban on exports. Source: Daily News & Analysis: Money News | 14 Apr 2008 | 10:12 pm
Hitting the clean energy path, independent power producer and infrastructure player Lanco Infratech is preparing to join the great-Indian solar rush Source: Daily News & Analysis: Money News | 14 Apr 2008 | 10:10 pm
This time round, however, the conservatism may be warranted given the makings of a US recession and the consequent contagion. Source: Daily News & Analysis: Money News | 14 Apr 2008 | 10:09 pm
On March 25, Development Bank of Singapore received Reserve Bank of India permission to open eight branches. Source: Daily News & Analysis: Money News | 14 Apr 2008 | 10:05 pm
Bajaj Auto has assured its vendors that bike production at the new Pantnagar plant will be in the range of 600,000 units this fiscal. Source: Daily News & Analysis: Money News | 14 Apr 2008 | 10:00 pm
Microsoft, the world's largest software maker, has won the International Organisation for Standardisation (ISO) vote for Open XML (OOXML). Source: Daily News & Analysis: Money News | 14 Apr 2008 | 9:54 pm
There's so much else one could do under that single roof, you would realise. And everything is so organised, so shopping is a pleasure! Source: Daily News & Analysis: Money News | 14 Apr 2008 | 9:47 pm
It may sound strange, but microwave ovens are now cheaper than some four-burner gas stoves. Source: Daily News & Analysis: Money News | 14 Apr 2008 | 9:46 pm
Electrical technician Ponraj Edison never had a bank account even though he has been operating in Asia's biggest slum Dharavi for 25 years now. Source: Daily News & Analysis: Money News | 14 Apr 2008 | 9:07 pm
Kailash Colony market, a middle-class shopping area in south Delhi, is an unlikely headquarters for one of the world's most successful warship design programmes. ?? Source: Business Standard | Front Page Headlines | 14 Apr 2008 | 6:38 pm
Finance ministers from around the world warned that surging food costs threaten to reverse progress on poverty reduction and backed World Bank calls for more funds to fight hunger.?? Source: Business Standard | Front Page Headlines | 14 Apr 2008 | 6:37 pm
