The Department of Telecom, or DoT, has issued revised guidelines for intracircle MA, reports CNBCTV18. Prior approval of DoT has been made mandatory for intracircle MA. The market share of merged entity is not to exceed 40% (subbase or adjusted gross revenue). Source: Moneycontrol Top Headlines | 22 Apr 2008 | 2:38 pm
K Raghavendra Rao, MD, Orchid Chemicals, said the alliance with Ranbaxy Laboratories is for both finished dosage formulations, and APIs. The alliance is to leverage strength for mutually beneficial business growth. The agreement involves multiple geographies, and therapies. He was speaking to CNBCTV18 in an exclusive interview. Source: Moneycontrol Top Headlines | 22 Apr 2008 | 2:22 pm
MUMBAI (Reuters) - Ranbaxy Laboratories Ltd has built up a 14.7 percent stake in Orchid Chemicals & Pharmaceuticals, it said on Tuesday as the firms announced a business alliance.
NEW DELHI (Reuters) - India's inflation averaged 4.5 percent in the financial year that ended on March 31, 2008, lower than an average 5.4 percent in the previous year, the finance minister said on Tuesday.
NEW DELHI (Reuters) - Ranbaxy Laboratories, India's top drug maker by sales, reported a stronger-than-expected 7 percent rise in consolidated quarterly net profit, on strong sales of generic drugs in Western markets.
NEW DELHI (Reuters) - India will consider more export curbs and fiscal steps to tackle rising inflation if necessary as the communist-backed government battles to put a lid on soaring prices that threaten to hurt it at the ballot box.
After Tata acquired Jaguar, another former Ford brand Aston Martin is preparing to acquire Indian Sports car lovers! Aston Martin sells 7,500 cars annually, that\'s around 1% of what a mainstream brand like Suzuki sells in India alone. But maintaining exclusivity and profitability is no easy task, says David Richards Source: Moneycontrol Top Headlines | 22 Apr 2008 | 8:58 am
The Indian market was hovering between positive and negative in afternoon trade. The market, which opened in the red, bounced back in early afternoon trade and again slipped into red. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 8:45 am
The lucrative Dubai route could be opened for Jet Airways, its subsidiary JetLite and Air Deccan by the end of the week. Source: Moneycontrol Top Headlines | 22 Apr 2008 | 8:33 am
The Indian equities market was hovering between positive and negative zones in afternoon trade. The market, which opened in the red, bounced back in early afternoon trade and again slipped into red. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 8:32 am
Despite reporting a muted growth during the last quarter of the just ended fiscal due to delays in rampups of some of its overseas clients, Tata Consultancy Services (TCS) has not whittled down its planned investments in its human resources pool. It has lined up a sizeable hiring programe for the current fiscal. Source: Moneycontrol Top Headlines | 22 Apr 2008 | 8:32 am
The chairman of South Korea's largest group Samsung announced on Tuesday that he will step down, just five days after being charged with tax evasion Source: Daily News & Analysis: Money News | 22 Apr 2008 | 8:30 am
Like a muchhyped Bollywod flick on its first day first show on a Friday, IPLs first match played between Kolkata Knight Riders and Royal Challengers of Bangalore bagged the maximum audiences (10.56) at the latters home city Bangalore. Source: Moneycontrol Top Headlines | 22 Apr 2008 | 8:27 am
Praj Industries Ltd, a bioprocesses and engineering firm, has inaugurated its research and development centre, Matrix, at Pirangut in Pune. The facility is spread over five acres and is being developed over two phases, Mr Pramod Chaudhari, Chief Executive Officer, Praj Industries, said here on Monday. Source: Moneycontrol Top Headlines | 22 Apr 2008 | 8:24 am
MUMBAI (Reuters) - Credit rating agency and research firm Crisil Ltd Tuesday said it has lowered its forecast for India's gross domestic product (GDP) growth to 8.1 percent from 8.5 percent for fiscal year 2008/09.
MUMBAI (Reuters) - The rupee inched higher in midday trade on Tuesday, though traders said they were hesitant to take large positions ahead of the central bank's policy review on April 29.
SEOUL (Reuters) - South Korea's most powerful businessman said on Tuesday he would step down after 20 years at the head of the giant Samsung Group following his indictment last week for tax evasion and breach of trust.
The Indian equities market opened in red Tuesday, tracking weak Asian market cues. The IT stocks were under selling pressure in the early trade. The leading blue chips IT stocks registered decline at the initial trade. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 7:00 am
MUMBAI (Reuters) - The Reserve Bank of India (RBI) stepped back into the inflation fight by tightening cash conditions last week and could deliver a second punch next week even though the moves may have little immediate impact on soaring prices.
Biocon Ltd has posted net profit of Rs.620 million ($15.5 million) for the fourth quarter (January-March) of fiscal 2007-08, India's biotech major said Tuesday. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 6:33 am
Biocon Ltd posted has a net profit of Rs.4.35 billion (approx $108 million) for fiscal 2007-08, registering a whopping 275 percent increase year-on-year (YoY) over the same period last year at Rs.1.58 billion. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 6:30 am
A 20-member Italian delegation representing biotech and nanotech sectors, under the aegis of the Italian Trade Commission, has offered to tie-up with Indian firms in the sunrise industry for mutual benefit. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 6:00 am
The Indian equities market opened in red Tuesday tracking weak Asian cues. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a loss of 66.07 points at 16,673.16. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 5:00 am
SINGAPORE (Reuters) - Oil held above $117 a barrel on Tuesday, just shy of its all-time high, as geopolitical risks stoked fears of supply worries at a time of robust Chinese crude demand.
If one were to pick the two most striking features of Reliance Industries’ fourth quarter of 2007-08 report card it is these. First, the standout performance of the oil refining business thanks to a modern refinery and strategic ... Source: Business Line - Home Page | 22 Apr 2008 | 12:00 am
Chennai, April 21 If the richest 20 per cent own 80 per cent of capital and earn 80 per cent of total income, a massive 40 per cent increase in the incomes of the poor would be needed to match the increase in GDP that can be brought about by ... Source: Business Line - Home Page | 22 Apr 2008 | 12:00 am
A tight rein on key operating metrics, changing geographic-mix with reduced US dependence and change in service mix tending to higher-value services have helped Satyam Computer Services deliver a good set of numbers for FY08. But select ... Source: Business Line - Home Page | 22 Apr 2008 | 12:00 am
Sterling Holiday Resorts is maintaining a steady price appreciation in the hope that this fiscal the debt-beleaguered company would finally be out of the woods. According to market grapevine, its GDR plan has been postponed for the time being, ... Source: Business Line - Home Page | 22 Apr 2008 | 12:00 am
Mumbai, April 21 Despite reporting a muted growth during the last quarter of the just ended fiscal due to delays in ramp-ups of some of its overseas clients, Tata Consultancy Services (TCS) has not whittled down its planned investments in its ... Source: Business Line - Home Page | 22 Apr 2008 | 12:00 am
New Delhi, April 21 With no burden of having to pay access deficit charges anymore, private cellular operators have announced discounts worth Rs 125 to all new mobile subscribers in the rural areas. The move comes after the telecom regulator ... Source: Business Line - Home Page | 22 Apr 2008 | 12:00 am
It is known for its state of the art SEZ, its upcoming logistics park and port. Now, Mundra is all set to be India\'s next big power hub. In a decade, this small town in Gujarat may boast of having India\'s largest power capacity ever. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 10:40 pm
Despite fears of a global meltdown in the IT sector, India's leading software service provider Tata Consultancy Services (TCS) has reported a 19.3 percent growth in net profit at Rs.50.26 billion ($1.25 billion) in 2007-08 fiscal. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 7:32 pm
Madhya Pradesh Transport Minister Himmat Kothari here Monday warned the state Road Transport Corp (MPRTC) employees to be prepared to face legal action if they did not opt for voluntary retirement scheme (VRS). Source: IndiaeNews.com: Business News | 21 Apr 2008 | 7:32 pm
The Reserve Bank of India (RBI) has initiated talks with accounting standards regulator Institute of Chartered Accountants of India (ICAI) to advance the mandatory implementation of accounting Source: Business Standard | Front Page Headlines | 21 Apr 2008 | 6:55 pm
Agriculture Minister Sharad Pawar's 'u-turn' in the Lok Sabha Monday on raising the two-hectare land-holding cap stipulated in the government's farm loan waiver 'for now' has come in for criticism in Vidarbha region of Maharashtra where a large number of farmers have committed suicides in last three years. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 5:03 pm
India's leading software services provider Tata Consultancy Services Ltd (TCS) clocked a net profit of Rs.12.45 billion ($311 million) for the fourth quarter (January-March) of 2007-08, registering a 4.15 percent year-on-year (YoY) growth. However, this represents a 6.17 percent drop in sequential growth. Source: IndiaeNews.com: Business News | 21 Apr 2008 | 5:02 pm
World oil prices hit a record high USD 117.40 today as traders seized on unrest in key producer Nigeria, the weak US currency and OPEC's refusal to increase production Source: Daily News & Analysis: Money News | 21 Apr 2008 | 4:19 pm
Beating market expectations, Reliance Industries, the biggest private sector company in the country, has posted a whopping 63 per cent rise in net profit Source: Daily News & Analysis: Money News | 21 Apr 2008 | 3:59 pm
Outperforming its own guidance, IT major Satyam Computer Services Ltd has posted a 46 per cent increase in revenue to touch Rs 8,473.49 cr Source: Daily News & Analysis: Money News | 21 Apr 2008 | 3:56 pm
Tata Consultancy Services on Monday announced a consolidated net profit of Rs 5026.02 crore for the year ended March 31, 2008, an increase of 19.3 per cent Source: Daily News & Analysis: Money News | 21 Apr 2008 | 3:55 pm
Belying expectations of Indian rupee gaining strength after a hike in CRR by 0.50 per cent, the local currency lost five paise at 39.97/98 on Monday Source: Daily News & Analysis: Money News | 21 Apr 2008 | 3:48 pm
Anil Ambani group's Reliance Power is looking to invest about one billion dollars (Rs 4,000 crore) towards purchase of large-size vessel Source: Daily News & Analysis: Money News | 21 Apr 2008 | 3:46 pm
CNBCTV 18 went out and visited Mundras SEZ and Port Management. The management said that it is working in full swing and remains confident of growing at over 35% over the next few years. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 3:31 pm
India's Hero Group and Germany-based auto manufacturing giant Daimler AG on Monday entered into a Rs.44 billion ($1.1 billion) joint venture Source: Daily News & Analysis: Money News | 21 Apr 2008 | 3:25 pm
All private telecom operators will offer upfront discount of Rs.50 to new rural subscribers from May 1. An additional Rs. 75 free talktime will also be offered, spread over six to nine months. The new initiative will cover 50 million new subscribers. Source: Moneycontrol Top Headlines | 21 Apr 2008 | 3:18 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
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
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
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
The Bombay Stock Exchange (BSE) plans to set up India's first bullion trading platform here in collaboration with the Reliance Money Ltd. Source: Daily News & Analysis: Money News | 21 Apr 2008 | 10:35 am
