Daimler and Hero Group have signed a joint venture (JV) deal for Rs 4400 crore for five years. The DaimlerHero JV would begin production by 2010. Daimler will invest Rs 1386 crore in the JV with Hero. The DaimlerHero commercial vehicle parts would have 80% localisation. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 12:45 pm
Microsoft and Novell have announced they were expanding their alliance in making patent-protected and open-source programs interoperable into the hot China market. Source: Zee News : Business | 21 Apr 2008 | 12:31 pm
Consulting and IT services provider Satyam Computer Services on Monday announced a 17.84 per cent jump in its January-March quarter profit after tax at Rs 468.45 crore. Source: Zee News : Business | 21 Apr 2008 | 12:31 pm
ArcelorMittal, the world`s largest steel maker, is "very bullish" about India and is committed to invest nearly USD 25 billion in the country, according to a top company official. Source: Zee News : Business | 21 Apr 2008 | 12:31 pm
Indian shares opened 0.8 percent higher on Monday, boosted by firm overseas markets and led by gains in Reliance Industries Ltd and Infosys Technologies Ltd. Source: Zee News : Business | 21 Apr 2008 | 12:31 pm
Bold reform is needed to deal with the long-term problem of rising food prices, International Monetary Fund (IMF) chief Dominique Strauss-Kahn said in a comment piece published on Monday. Source: Zee News : Business | 21 Apr 2008 | 12:31 pm
Four Indians make it to the top 20 on the Forbes list of billionaires as KP Singh joins LN Mittal, Mukesh Ambani Anil Ambani. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 9:26 am
Dabur Pharmaceuticala has sold a majority 73.2 % equity stake to a German drug maker Fresenius Kabi. The deal was done at 76.50 rupees a share. The market capitalization of Dabur Pharmaceuticals is currently in the range of USD 270 to 280 million. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 9:08 am
LONDON (Reuters) - Crude oil prices surged above $117, setting a new record high on Monday because of worries of supply disruptions from major producers and comments by OPEC reiterating there is no need to raise output.
NEW DELHI (Reuters) - India's top motorcycle maker, Hero Honda Motors Ltd, has raised prices of several models by 500-1,000 rupees ($12.5-$25), its managing director said on Monday.
KOLKATA, India (Reuters) - A strike over rising prices shut schools, offices and businesses West Bengal on Monday as nationwide protests against inflation continued, police said.
Parts of Orissa's Jagatsinghpur district were tense Monday, a day after clashes broke out over the setting up of a steel plant by South Korean major Posco. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 8:28 am
India has an advantage compared to most other APAC nations in the IT services and ITES sectors, but countries such as the Philippines, Vietnam, Sri Lanka and Bangladesh can give stiff competition. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 8:23 am
Hewlett Packards Image Printing Group (IPG) has added teeth to its Print 2.0 strategy, formulated by the company a few months ago, with the rollout of 25 printing products and solutions, the companys largest single offering to date. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 8:21 am
Buying a car through vehicle finance could become costlier in the coming days. ICICI Bank, the largest lender of vehicle finance has raised interest rates on two and fourwheelers between 50 and 75 basis points with effect from April 15. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 8:15 am
Cement supplies to units in special economic zones (SEZ) can continue unimpeded, with the Commerce Ministry now clarifying that the recently imposed ban on cement exports will not apply for such supplies. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 8:13 am
The Indian equities markets were trading firm in afternoon trade Monday on sustained buying in blue-chip stocks. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 8:09 am
MUMBAI (Reuters) - Reliance Money said on Monday it plans to launch an over-the-counter bullion trading platform along with the Bombay Stock Exchange (BSE) and the Bombay Bullion Association.
ROME (Reuters) - Record high oil prices around $117 a barrel are slowing world economic growth, John Lipsky, first deputy managing director of the Internation Monetary Fund (IMF), told Reuters on Monday.
MUMBAI (Reuters) - The Indian rupee trimmed early gains on Monday, weighed down by oil refiners buying dollars to satisfy month-end import commitments, dealers said.
MUMBAI (Reuters) - Satyam Computer Services Ltd, India's No. 4 software-services exporter, said on Monday it had acquired Belgium-based S&V Management Consultants for $35.5 million in an all-cash deal.
Tough theft-proof rifle racks manufactured by a Ranchi firm are widely used by security forces across the country, including at Rashtrapati Bhavan, and even by the Nepal Army. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 7:09 am
With international passenger traffic to India increasing by 18 percent every year, Indian carriers are busy expanding their reach across the continents through what is commonly known as code-share agreements with global carriers. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 7:09 am
MUMBAI (Reuters) - India's gold futures were higher on Monday as overseas markets rebounded after a sharp sell-off on Friday, but analysts had mixed views about the trend for the day.
HONG KONG (Reuters) - Asia's wealth management industry, undeterred by volatile markets and slowing global growth, expects annual revenue growth of more than 15 percent over the next two years, according to Barclays Capital survey released on Monday.
The Indian equities market was trading higher in initial trade Monday, tracking strong Asian markets. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 6:33 am
India will enunciate by mid-May its revised norms for purchasing military hardware after bringing these in line with the best international practices, an official said. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 6:33 am
MUMBAI (Reuters) - British retailer Marks and Spencer (M&S) aims to step up the pace in India with its new joint venture with Reliance Retail and says it expects the fast-growing market to be more significant than China.
Success, wealth and a good life - Praful Lakhani, a hearing impaired non-resident Indian, had it all. But he decided to run a school in Ahmedabad for children with similar problems and has several other philanthropic activities planned in Gujarat. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 5:01 am
The Indian equities market opened with a positive gap Monday tracking strong Asian markets. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a gain of 148.82 points at 16,611.41. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 5:01 am
Woodlands Drive-in Restaurant, a landmark of the southern metropolis known for its proximity to the US consulate and the arterial Anna Salai, has ceased to exist following a court order. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 3:00 am
Mumbai, April 20 As equity markets become increasingly volatile, there is more demand for structured investment products from high networth investors (HNI), as these offer relatively more stable returns. Structured products are good for ... Source: Business Line - Home Page | 21 Apr 2008 | 12:00 am
We recommend a buy in Shipping Corporation of India. From the chart of Shipping Corporation of India we see that after a steep decline from its resistance level of Rs 330 in mid-January 2008, the stock found support at around Rs 200. Since ... Source: Business Line - Home Page | 21 Apr 2008 | 12:00 am
New Delhi, April 20 There could be an additional burden of over Rs 4,600 crore in the form of export duty on iron ore in case the Government adopts the Steel Ministry-proposed “revenue neutral” model to bring down steel prices. ... Source: Business Line - Home Page | 21 Apr 2008 | 12:00 am
New Delhi, April 20 The first 250-MW unit of the Bhilai expansion thermal power project of NTPC-SAIL Power Company Pvt Ltd (NSPCL) was commissioned on Sunday by the Minister of State for Commerce and Power, Mr Jairam Ramesh. NSPCL is a ... Source: Business Line - Home Page | 21 Apr 2008 | 12:00 am
Cement supplies to units in special economic zones (SEZ) can continue unimpeded, with the Commerce Ministry now clarifying that the recently imposed ban on cement exports will not apply for such supplies.The Government had banned cement ... Source: Business Line - Home Page | 21 Apr 2008 | 12:00 am
Coal from the 'rust buckets' of Kazakhstan is more like it, says Pankaj Ghemawat, one of the youngest-ever Harvard Business School professors. Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:30 pm
Ironical as it may seem, power minister Jairam Ramesh's concern over import of cheap Chinese power equipment, though justified prima facie, clearly appears miscued Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:29 pm
The Department of Telecommunications (DoT) is learnt to have taken the "spectrum vacation" issue to the Union Cabinet last week, but without much headway. Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:27 pm
Reliance Industries and Ballard Power Systems, a Vancouver-headquartered pioneer in fuel cell technology, are in talks for a partnership in India. Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:24 pm
The Reserve Bank of India's move on April 17 to hike cash reserve ratio by 50bps will suck out around Rs 18,500 crore of liquidity from the system Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:22 pm
Firing its first salvo against inflation, the central bank announced a hike in the banks' cash reserve ratio (CRR) by 0.50% in two stages to 8%. Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:20 pm
After several weeks of ranged-in price action, the index displayed signs of breaking out of this trading zone last week. Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:17 pm
Why do you invest in an equity mutual fund? The main reason is that you have neither the time nor the expertise to invest in the stock market directly. Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:11 pm
State-owned petroleum behemoth Oil and Natural Gas Corporation (ONGC) will invest Rs 20,000 crore in its different oil and gas recovery improvement programmes Source: Daily News & Analysis: Money News | 20 Apr 2008 | 10:08 pm
Civil Aviation Minister Praful Patel's plans to make India a maintenance, repair and overhaul (MRO) hub for aircraft in Asia are set to crash. ?? Source: Business Standard | Front Page Headlines | 20 Apr 2008 | 6:33 pm
Maruti Suzuki India, which last year dropped Udyog as its middle name and appointed its first Japanese managing director, has set up a new management structure installing five Indians in crucial Source: Business Standard | Front Page Headlines | 20 Apr 2008 | 6:31 pm
Kerala Finance Minister Thomas Isaac has warned the banks in the state that the government will act tough if they fail to support Kudumbashree mission, the state-supported women empowerment programme. Source: IndiaeNews.com: Business News | 20 Apr 2008 | 3:00 pm
