At a meeting two weeks ago, the top managment of Reliance Retail was asked to slow down new store openings. Mukesh Ambani asked for a slowdown in opening new outlets, mainly in nonurban centres like UP, Bihar, Orissa, and MP. The perception being that the atmosphere is not conducive for organised retail and returns fell short of expectations. Source: Moneycontrol Top Headlines | 18 Apr 2008 | 1:46 pm
Hyderabad\'s new International Airport has triggered the growth of 15 luxury housing projects around Shamshabad. These luxury villas and paved roads will be the new face of sleepy Shamshabad, which is home to Hyderabads new airport. Source: Moneycontrol Top Headlines | 18 Apr 2008 | 12:58 pm
NEW DELHI (Reuters) - Saudi Basic Industries Corporation (SABIC) is looking to build a petrochemical plant in India, a company official said on Friday.
NEW YORK (Reuters) - U.S. gold futures sank 3 percent on Friday, pummeled by a combination of a dollar rise, a crude oil drop and an upbeat outlook for global stock markets, dealers said.
LONDON (Reuters) - Oil fell more than $2 a barrel on Friday after a surge to new record highs this week, pressured partly by worries about a possible slowdown in China, the world's second biggest energy consumer.
NEW YORK (Reuters) - Xerox Corp, the leading provider of digital printers and document management services, on Friday posted a first-quarter loss as a $491 million litigation charge overshadowed solid sales growth.
Soaring global oil prices
continued higher in Asia on Friday, trading above USD 115 and
boosted by a weakening US dollar, analysts said. Source: Zee News : Business | 18 Apr 2008 | 12:40 pm
Those in India waiting to lay their hands on the hottest product of 2007 A.K.A `iPhone` have a reason to cheer. Apple, which of late was tight-lipped about its plans of launching iPhones in India, may go ahead and launch it later this year. Source: Zee News : Business | 18 Apr 2008 | 12:40 pm
As parts of efforts to improve
air connectivity in the Northeast, the government is upgrading
10 airports in the region at an estimated cost of Rs 50 crore. Source: Zee News : Business | 18 Apr 2008 | 12:40 pm
The head of Societe Generale, the French bank that recently survived the world`s biggest rogue trading scandal, is relinquishing his job as chief executive but will stay on as chairman, SocGen said on Thursday. Source: Zee News : Business | 18 Apr 2008 | 12:40 pm
Google Inc. tweaked its online advertising formula and accelerated its growth outside the United States to produce a first-quarter profit that surpassed analysts` predictions, alleviating some of the economic worries battering its stock this year. Source: Zee News : Business | 18 Apr 2008 | 12:40 pm
Financial Times publisher Pearson has sold its 13.85 percent stake in Indian business daily Business Standard for an undisclosed sum, the Indian newspaper said on Friday. Source: Zee News : Business | 18 Apr 2008 | 12:40 pm
The proposed Rs.15-billion Smart City project at Kochi had its first marketing event at Outsource World London, a premier business trade platform, the company said here Friday. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 12:31 pm
Darsheel Safary, who wowed all in 'Taare Zameen Par', has stepped into the world of advertising, becoming the brand ambassador of health drink Horlicks and he advises kids to try it to be 'cool'. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 12:31 pm
Raipur, April 18 (IANS A 250 mega watts (MW) unit of the 500 MW coal-fired power plant, being built in Chhattisgarh by the Steel Authority of India Ltd (SAIL) and National Thermal Power Corporation (NTPC), will begin functioning April 20, an official said here Friday. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 12:30 pm
The Indian Institute of Technology (IIT), Kharagpur, and Warwick Manufacturing Group (WMG) of Britain will join hands to carry out research in a range of fields including medical technology and hybrid vehicles. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 12:30 pm
Wipro czar Azim H. Premji has made changes in the top management structure of the global software major, rewarding the head honchos of its IT business units. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 12:01 pm
Lord Mayor of London David Lewis arrived in Pune to explore business collaboration opportunities with the industries in and around this western Maharashtra hub. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 12:01 pm
PARIS (Reuters) - Biofuels pose a moral problem and the worst of rioting prompted by soaring food costs may be yet to come, Dominique Strauss-Kahn, head of the International Monetary Fund, said on Friday.
Abu Dhabi based Etihad Airways Friday said it has recorded a 25 percent year on year growth in the load factor to its four Indian destinations. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 11:01 am
Dozens of steel and power companies have signed memorandums of understanding (MoUs) to set up plants in mineral rich Chhattisgarh by 2010, resulting in a total investment of Rs.3.26 trillion, an official said Friday. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 11:01 am
Prime Minister Manmohan Singh will lay the foundation stone of the Rs.80 billion ($2 billion) expansion project of the Bokaro Steel Plant (BSL) of the Steel Authority of India Ltd (SAIL) here April 22. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 11:00 am
Arab investment to India is 'long overdue' and would be warmly welcomed by government and business alike in this country, India's External Affairs Minister Pranab Mukherjee said here Friday. Source: IndiaeNews.com: Business News | 18 Apr 2008 | 10:30 am
IT services provider Wipro Ltd today announced a net profit of Rs 3,282.9 crore for the year ended March 31, 2008, a 11.57 per cent increase over last year. Source: Daily News & Analysis: Money News | 18 Apr 2008 | 10:17 am
BEIJING (Reuters) - General Motors Corp will need to offer small vehicles at very low prices to reach first-time car buyers in China and hit the fastest-growing segment of the industry's biggest boom market, a senior executive said on Friday.
NEW DELHI (Reuters) - India has again pushed back the deadline for bids in its latest and largest licensing round, by three weeks, because clarity on tax proposals unveiled for the energy sector in the budget has yet to emerge, an industry regulator said.
Owing to economic slowdown and consequently lower valuations, Infosys Technologies is eyeing acquisitions in Europe or US. Source: Moneycontrol Top Headlines | 18 Apr 2008 | 8:47 am
Clinical research organisation Siro Clinpharm Pvt Ltd has acquired 100 per cent equity in Germanybased Omega Mediation Group in an allcash deal, but for an undisclosed sum. Source: Moneycontrol Top Headlines | 18 Apr 2008 | 8:40 am
BANGALORE (Reuters) - Infosys Technologies Ltd, India's second-largest software services exporter, said on Friday it had won a five-year outsourcing contract from U.S. insurer Conseco Inc.
Carlson HotelsAsia Pacific announced the launch of its fourth resort and spa facility in India at Alibaug on Thursday. Source: Moneycontrol Top Headlines | 18 Apr 2008 | 8:33 am
BANGALORE (Reuters) - Wipro Ltd, India's third-largest software services exporter, posted its slowest quarterly earnings growth in about 5 years, and said it was cautious about its near-term prospects because of global market uncertainty.
New Delhi, April 17 Buoyed by high import growth and a resulting increase in customs duty collections, the Centre’s indirect tax collections have surpassed the revised estimates for 2007-08. “We have not only achieved a ... Source: Business Line - Home Page | 18 Apr 2008 | 12:00 am
New Delhi, April 17 Blackberry users in the country may get disrupted services as the Department of Telecom has asked telecom operators not to provide certain features offered by Research In Motion’s (RIM) BlackBerry until monitoring ... Source: Business Line - Home Page | 18 Apr 2008 | 12:00 am
Japan is aiming $20 billion worth bilateral trade with India by 2010 once the long-pending economic partnership agreement (EPA) is signed between the two countries. Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:57 pm
Rural telecom service is likely to get a boost this year, with the government subsidy almost doubling for the purpose. Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:57 pm
Bankers suggest that prospective borrowers should not wait any longer for interest rates to drop. Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:57 pm
Technology Partners International analysis shows smaller but more bites of the American IT pie for local vendors Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:49 pm
The government will soon appoint a group of consultants for the Delhi-Mumbai Industrial Corridor (DMIC) project Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:48 pm
It is a no-brainer, so when the Reserve Bank of India (RBI) used the blunt weapon again to tackle inflation by hiking the cash reserve ratio by 50 basis points Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:46 pm
Banks may soon become the only financial institutions mandated by the Reserve bank of India to accept public deposits. Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:46 pm
Insurance firms are weighing the options of offering flexibility in unit-linked insurance plans, since the regulator Irda has de-linked the minimum sum assured Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:45 pm
With heavy shortage of skilled labour, prospective employees are "faking it" to get better opportunities to stay ahead of the pack. Source: Daily News & Analysis: Money News | 17 Apr 2008 | 9:42 pm
The pug is back. Vodafone, the presenting sponsor on Set Max for the DLF Indian Premier League tournament, is unveiling its new ad with the first IPL match which starts tomorrow in Bangalore, reports CNBCTV18. It will mark the return of the famous Hutch pug. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 7:13 pm
The government has asked the Reserve Bank of India to review the pending cases of alleged violation of the Foreign Exchange Regulation Act so that these can be dealt with under the more liberal Source: Business Standard | Front Page Headlines | 17 Apr 2008 | 7:08 pm
GE Money's tie-up with Life Insurance Corporation for cards has not gone down well with State Bank of India. While SBI and GE Money have had a decade-long cards joint venture, the global giant in Source: Business Standard | Front Page Headlines | 17 Apr 2008 | 7:07 pm
TVS Motors\' CMD Venu Srinivasan sees motorcycle sales growing at 20% in FY09, reports CNBCTV18. The company will launch two new models in the subRs 40,000 category in the next 12 months. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 7:00 pm
Mr Pradeep Jain, Chairman of Parsvnath Developers Ltd. Parsvnath has signed an agreement with two of Saffron Groups funds, Yatra Capital and Saffron India Real Estate Fund for development of projects. Source: Moneycontrol Top Headlines | 17 Apr 2008 | 2:05 pm
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
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
