AM Naik, CMD of LT, said he doesn\'t see any slowdown in the capital goods sector. LT has FY09 capex plans of Rs 2,500 crore and an order book growth guidance of 30%. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 12:40 pm
Continuing its firm trend, the
Bombay Stock Exchange benchmark Sensex on Wednesday opened sharply
higher by over 290 points on buying by funds and retail
investors in heavy-weight shares. Source: Zee News : Business | 17 Apr 2008 | 12:05 pm
The price of New York oil on Wednesday struck a historic peak at 114.50 dollars, winning support as the US currency tumbled to an all-time low against the euro, traders said. Source: Zee News : Business | 17 Apr 2008 | 12:05 pm
State-run gas utility Gail India
Ltd is talking to Hong Kong-listed China Gas Holdings Ltd for
exploiting gas lying below coal seams in china even as it sees
its city gas venture with the Chinese firm kicking off this
year. Source: Zee News : Business | 17 Apr 2008 | 12:05 pm
KV Kamath, ICICI Bank\'s MD and CEO, said: \"There are no dangerous signals at all. We have a structure here wether it\'s fiscal or monetary policy and we are capable of managing these drivers. The FM said that these drivers will be used to make sure that we grow in a manner that\'s approporiate and at the same time control inflation.\" Source: Moneycontrol Top Headlines | 17 Apr 2008 | 11:38 am
The Group of Ministers met yesterday to discuss the issues related to steel and iron ore, reports CNBCTV18. The GoM wll submit an interministerial committee report to the Prime Minister today. The Finance Minister wants a revenue neutral package for steel. And he has agreed in principle to reduction in excise duty in steel. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 9:12 am
Vishal Retail Ltd is in the process of setting up of a logistics company VRL Movers to address the issue of supply chain management. The company is also looking to raise Rs 2,0003,000 crore to fund its future expansions. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 8:51 am
Bharat Sanchar Nigam Ltds cellular expansion plans have hit yet another bump due to delays in equipment supply by stateowned Indian Telephone Industries. BSNL procures almost 30 per cent of its network equipment from ITI as part of a quota policy to keep the Governmentowned factories functional. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 8:43 am
Kesoram Cements, an arm of Kesoram Industries of the B.K. Birla Group, will invest nearly Rs 850 crore in adding significant production capacity by 2009. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 8:41 am
State Bank of India in a tieup with Macquarie Group and the International Finance Corporation is floating a $2billion fund for investment in infrastructure in India. The partners together bring in $450 million to start the fund and the balance will be raised from international and domestic investors. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 8:39 am
The credit card business is facing a slowdown as rising defaults have prompted banks to tighten duediligence procedures. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 8:37 am
NEW DELHI (Reuters) - State-run Power Grid Corp of India Ltd plans to raise $800 million in non sovereign loans from the World Bank in 2008/09, its Chairman R.P. Singh said on Thursday.
MUMBAI (Reuters) - The Reserve Bank of India will play a supportive role in the consolidation of banks, V. Leeladhar, a deputy governor with the central bank, told reporters at a banking seminar on Thursday.
MUMBAI (Reuters) - Shares in New Delhi Television Ltd (NDTV) touched a high of 435.10 rupees and over 12 percent worth of shares changed hands in block deals on Thursday, on news the firm would consider splitting up its operations.
NEW DELHI (Reuters) Inflation fell from three-year peaks in early April, but many analysts expect it to hold up above 7 percent in coming weeks, and persisting pressures could prompt the central bank to tighten cash conditions.
SINGAPORE (Reuters) - Oil held below $115 a barrel on Thursday after hitting a record high, as the dollar's extended slump and a big fall in U.S. gasoline stockpiles just weeks ahead of the summer driving season attracted fresh fund buying.
NEW DELHI (Reuters) - State-run Power Grid Corp of India Ltd plans a capital expenditure of 80.4 billion rupees in the year to March 2009, said J. Sridharan, its director of finance, on Thursday.
MUMBAI (Reuters) - ICICI Bank, India's second-biggest bank, was not in a hurry to list its broking unit ICICI Securities, its chief executive said on Thursday.
SINGAPORE (Reuters) - Japan's Nikkei share average rose 2 percent on Thursday, buoyed by confidence on Wall Street after reassuring earnings eclipsed weak data on the U.S. economy, which pinned the dollar near record lows against the euro.
MUMBAI (Reuters) - India's gold futures traded slightly higher on Thursday with overseas markets buoyant after the previous day's gains on record-high crude oil and weaker dollar.
The Indian equities market Thursday opened with a positive gap tracking strong Asian cues. Source: IndiaeNews.com: Business News | 17 Apr 2008 | 5:31 am
The Indian equities market was trading higher in initial trade, tracking strong cues from Asian markets. The gaining rally in the early trade was led by metal, realty and IT stocks. Source: IndiaeNews.com: Business News | 17 Apr 2008 | 5:30 am
In an effort to control the spiralling rise in prices, the Government plans to import one million tonnes of edible oil and 15 lakh tonnes of pulses, the Union Agriculture Minister, Mr Sharad Pawar, said in Parliament on ... Source: Business Line - Home Page | 17 Apr 2008 | 12:00 am
New Delhi, April 16 What’s surrogate will be decided in a week’s time. Banned from channels through a notification of the Ministry of Information and Broadcasting, advertisements of bravery awards, holiday packages and good ... Source: Business Line - Home Page | 17 Apr 2008 | 12:00 am
New Delhi, April 16 The Indian crude basket jumped by $1.76 a barrel from Monday and touched a fresh high of $106.39 a barrel on Tuesday. The crude basket has averaged at $101.69 a barrel so far this month up (April 15) from the previous full ... Source: Business Line - Home Page | 17 Apr 2008 | 12:00 am
As long as the stock trades above Rs 800 level, the outlook stays positive. Buy the stock in dips with tight stop loss. Infosys The short-term view for the stock is bullish. We reiterate our buy ... Source: Business Line - Home Page | 17 Apr 2008 | 12:00 am
However, DTH players are not likely to pass on the benefits of the reduction in licence fee to their subscribers immediately. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:12 pm
Some of the top infrastructure developers are in the race for modernising Udaipur and Amritsar airports. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:10 pm
The Bharti Group made a rather low-key entry in the retail sector on Wednesday by opening three neighbourhood format stores in Ludhiana. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:09 pm
Private equity (PE) firms are smacking their lips at the depths to which valuations of companies have plummeted from their high perch just over three months ago. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:07 pm
The government's ban on exports of cement and clinker last week in a bid to contain soaring prices seems to be taking effect. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:06 pm
Maruti Suuzki may be on a capex overdrive, but analysts don't seem to agree on the quantum of growth this passenger car market leader would post this fiscal. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:01 pm
According to a source, outside the scheduled agenda of the meeting, Dasmunsi brought up the matter of TV ratings, or TRP. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 10:00 pm
In March, the UK-based Hinduja Automotive, the automotive holding company of the Hinduja Group, picked up Tata Motors former executive director V Sumantran Source: Daily News & Analysis: Money News | 16 Apr 2008 | 9:59 pm
Kotak Life Insurance plans to infuse Rs 150 crore of capital in financial year 2008-09, to support its 100% growth target. Source: Daily News & Analysis: Money News | 16 Apr 2008 | 9:32 pm
DTH tariffs for consumers are unlikely to come down, at least in the short term despite broadcasters agreeing to reduce content costs and the government agreeing to reduce license fees. Source: Moneycontrol Top Headlines | 16 Apr 2008 | 8:25 pm
The seven Indian Institutes of Technology today announced a 13 per cent increase in capacity for 2008-09 which would be able to accommodate 9 per cent quota for other backward classes in the coming Source: Business Standard | Front Page Headlines | 16 Apr 2008 | 6:50 pm
The Telugu print media market has begun to boil just before the assembly elections scheduled next April. At least two new Telugu dailies, whose names make them sound like siblings, Surya and Sakshi, Source: Business Standard | Front Page Headlines | 16 Apr 2008 | 6:50 pm
The tables have turned. Organised retail, which used to cite real estate as its first constraint, is being wooed by developers as there is a sudden surplus created by completion of pending projects Source: Business Standard | Front Page Headlines | 16 Apr 2008 | 6:49 pm
Hailing India's 'economic ascent' and its growing global stature, Canada Wednesday called for stepping up cooperation in areas ranging from agriculture and mining to ICT and infrastructure. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 6:32 pm
US software major Novell will invest an additional $100 million over the next three years to scale up its India operations, including research and product development capabilities, a top company official said here Wednesday. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 6:32 pm
A survey the Reserve Bank of India (RBI) conducted in 300 districts has revealed that people from the lowest strata of society continued to depend on local money lenders for small loans at exorbitant interest rates. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 5:00 pm
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
India is exploring commercial opportunities by providing facility of satellite launch to other countries at viable rates, the Lok Sabha was informed Wednesday. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 4:30 pm
An indigenous main battle tank (MBT) that has been in the development for nearly 36 years has failed to deliver at the just-concluded winter trials, the Indian Army has told a key parliamentary panel. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 4:30 pm
Admitting to delays in deliveries of military hardware, the government said Wednesday it was addressing the issue with the Indian and foreign vendors from whom the equipment had been contracted. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 4:01 pm
The city based Startek Shipyards Pvt Ltd will shortly finalise the location for its second shipyard. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 4:01 pm
Tech Mahindra, a software company of the Mahindra and amp; Mahindra group, has set up a new Rs.300 million development centre at Mahindra World City in Paranur, near Chennai. Source: IndiaeNews.com: Business News | 16 Apr 2008 | 4:00 pm
