Karnataka High Court has issued a directive to the central government and other stakeholders to renegotiate the terms with the Bangalore International Airport Limited, in a way to keep the old airport running. There is no interim order on closure of old HAL airport. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 4:52 pm
KP Singh Chairman of DLF said that DLF will now focus on consolidating operations. He feels that the stock market volatility to impact Real Estate sentiment. He also ststed that Rajiv Singh would be his successor and that there is no ambiguity about it. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 3:55 pm
Sushil Maroo, Jindal Steel Power feels that the costs for steel companies are going up on many fronts. \"Industry is also at a loss to understand and finding it extremely difficult to control the cost, like there is an international spurt in iron ore prices, and coking coal prices have gone up very high and the crude prices going up.\" Source: Moneycontrol Top Headlines | 16 Apr 2008 | 3:18 pm
According to sources, no open offer is expected from Solrex for Orchid, reports CNBCTV18. Top leadership of two managements are holding negotiations, sources say. The final outcome may result in a strategic relationship. Ranbaxy and Orchid may utilise respective strengths for synergy. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 3:15 pm
Has the hike in steel prices been disproportionate to the hike in input costs? A study conducted by the Steel Ministry seems to indicate so. The government may use this opportunity to reiterate a reduction in steel prices. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 2:59 pm
Hitendra Dave, Co Head Global Markets at HSBC India, said the focus of the RBI now seems to be on liquidity rather than rates. He expects the policy action to be more focused on reducing liquidity. He expects a CRR hike as a policy measure and pronounced use of MSS. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 2:54 pm
TRAI (Telecom Regulatory Authority of India) is backing Information and Broadcast Ministry\'s move to cut licence fee to 6% of gross revenues for DTH operators. The current licence fee for DTH operators is at 10%. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 1:25 pm
MUMBAI (Reuters) - India's Bharti Retail Ltd, a subsidiary of Bharti Enterprises, has launched its first food and grocery stores ahead of the roll-out of its wholesale centres that are being set up with Wal-Mart Stores Inc.
NEW YORK (Reuters) - Coca-Cola Co reported a higher quarterly profit on Wednesday as strong international sales helped the world's largest soft drink maker offset sluggish sales at home.
The Indian equity market ended Wednesday in green with leading indices registering marginal gains. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 11:31 am
NEW DELHI (Reuters) - India's finance minister said on Wednesday the government would have to take more steps to tame inflation, which has jumped to its highest in more than three years.
MUMBAI (Reuters) - Indian shares rose 0.56 percent on Wednesday to their highest close in almost three weeks, led by Infosys Technologies and Reliance Industries, but investors were cautious ahead of earnings from key corporates.
MUMBAI (Reuters) - New Delhi Television Ltd said on Wednesday it will consider splitting the company's operations into news and 'beyond news' businesses.
Nine-year-old Nizam couldn't wait for his classes to get over. As soon as the bell rang, he rushed to the night shelter near his school in Nizamuddin area where free food was distributed as a part of the hunger-free Delhi programme. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 11:02 am
Reliance Energy, and the Tatas and Larsen and amp; Toubro are among the bidders short-listed Wednesday for upgrading the Amritsar and Udaipur airports. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 11:02 am
US-based Timken Company's wholly owned subsidiary Timken India Manufacturing Private Limited plant was inaugurated Wednesday in Mahindra World City Special Economic Zone (SEZ) near Chennai. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 11:02 am
Leaders of the communications and IT industry are set to brainstorm on ways to take India to the next level of technological development at Directions09, a business conclave, to be held in Delhi and Bangalore. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 11:02 am
NEW DELHI (Reuters) - India's annual monsoon rains, vital in determing farm output and rural spending in the trillion-dollar economy, are likely to be near normal in 2008, the government said on Wednesday.
LONDON (Reuters) - Oil struck a new record high above $114 a barrel on Wednesday, buoyed by the weak U.S. dollar, inflows of speculative money and long-term constraints on supply.
MUMBAI (Reuters) - India's financial sector is likely to be less affected than similar sectors in most emerging economies by the turbulence in global financial markets, the head of the country's central bank said.
LONDON (Reuters) - European stocks picked up the firmer tone set in Asia on Wednesday, with financials and tech shares helping cap risk aversion, but uncertainty stalked the dollar as nervous investors eyed results from major U.S. banks.
The brand Deccan, once synonymous with low cost air travel in India may soon make way for a new one. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 8:49 am
Nicholas Piramal India Ltd and Khandelwal Laboratories Pvt Ltd have signed and agreement for the purchase of antispasmodic Anafortan and antibiotic CEFI brands of KLab for a total consideration of Rs 116 crore. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 8:47 am
Hathway Cable Datacom Ltd, which plans to raise its foreign holding to 42.13 per cent by issuing compulsorily convertible debentures (CCDs) to Infrastructure India Holdings Fund (IIHF) and Morgan Stanley Asia, has received a green signal from the Government for the proposal. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 8:42 am
SINGAPORE (Reuters) - Gold reversed early losses on Wednesday to extend an oil-fuelled rally from the previous day, but dealers expect volatility to persist with a firming U.S. dollar weighing on sentiment.
The Indian equities market opened Wednesday with a positive gap mirroring strong cues from other Asian markets. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 5:01 am
Hyderabad will join cities like Kolkata and Delhi to have a metro rail that give will further boost to connectivity in this fast-growing southern Indian hub. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 5:00 am
Capital goods, oil and gas and metal stocks were trading higher Wednesday in early trade at the Indian equities market, which opened with a positive gap tracking strong cues from other Asian markets. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 5:00 am
Chennai/Delhi, April 15 HTL’s plan to sell a portion of its land to the Bangalore-based developer RMZ has hit a stumbling block following reports of the Tamil Nadu Government’s decision to buy back the land. According to a press ... Source: Business Line - Home Page | 16 Apr 2008 | 12:00 am
The rupee displayed strength over the past sessions. Soaring WPI numbers leading to the expectation that the Reserve Bank of India would allow the currency to appreciate from current levels as one of the measures to combat inflation ensured a ... Source: Business Line - Home Page | 16 Apr 2008 | 12:00 am
Diversified equity funds are usually considered to be a better bet than sector-specific and theme funds in a volatile market. But the trend has been quite different during the recent market meltdown. Sector and theme funds, focused on ... Source: Business Line - Home Page | 16 Apr 2008 | 12:00 am
We recommend a buy in HEG from a short-term perspective. Referring to the chart of HEG, we see that the stock had been on a medium-term downtrend from its January 2008 high of Rs 609 to its March low of Rs 216. However, the stock found ... Source: Business Line - Home Page | 16 Apr 2008 | 12:00 am
Wipro Technologies, the IT services unit of Wipro Ltd said it has been selected by Credit Suisse as a partner in its organisation-wide human resources Source: Daily News & Analysis: Money News | 15 Apr 2008 | 10:10 pm
The underconfidence of the software major Infosys Technologies is reflected in its conservative revenue growth guidance of 19-21% in FY 2008 Source: Daily News & Analysis: Money News | 15 Apr 2008 | 10:08 pm
While Infosys Technologies gave some respite to the market with better than expected numbers. But risks to corporate earnings still loom very large, says the street. Source: Daily News & Analysis: Money News | 15 Apr 2008 | 10:06 pm
ICICI Prudential Life Insurance earned a new business weighted premium of Rs 6,684 crore during the financial year 2007-08, registering a growth of 68% Source: Daily News & Analysis: Money News | 15 Apr 2008 | 10:04 pm
ICICI Bank has increased the minimum quarterly average balance required for its savings accounts to Rs 10,000, from the present Rs 5,000. Source: Daily News & Analysis: Money News | 15 Apr 2008 | 10:03 pm
Ranbaxy Laboratories Ltd has reached an agreement with the UK-based drug maker AstraZeneca plc to exclusively sell for 180 days Source: Daily News & Analysis: Money News | 15 Apr 2008 | 9:01 pm
JSW Energy Ltd, the power generating subsidiary of the Sajjan Jindal-controlled JSW Group, has achieved financial closure for its first phase of expansion. Source: Daily News & Analysis: Money News | 15 Apr 2008 | 9:00 pm
Delhi-based real estate company Triveni Infrastructure Development Co Ltd plans to raise nearly Rs 400 crore through an initial public offer (IPO). Source: Daily News & Analysis: Money News | 15 Apr 2008 | 8:59 pm
The Hyderabad-based company, which has a strong presence in the South, plans to set up retail stores in metros in the West and North by October-November this year. Source: Daily News & Analysis: Money News | 15 Apr 2008 | 8:58 pm
For decades, India's three defence shipyards combined the inefficiency of the public sector with the indecisiveness of the Ministry of Defence (MoD). ?? Source: Business Standard | Front Page Headlines | 15 Apr 2008 | 7:08 pm
Runaway inflation in commodity prices may have put Prime Minister Manmohan Singh and his government in a spot of bother, but it has meant a huge bonanza for companies operating in industries like Source: Business Standard | Front Page Headlines | 15 Apr 2008 | 7:06 pm
A solution to the security concerns over BlackBerry services in India has still to be hammered out as its licensor Research-in-Motion (RIM) has sought more time from the Indian government to reach an agreement. Source: IndiaeNews.com: Business News | 15 Apr 2008 | 5:30 pm
