SAIL and Tata Steel have decided to hold steel prices for next 23 months following Prime Minister Manmohan Singh\'s request. JSW Steel has made a similar announcement. But this is going to hit firms like SAIL and JSW Steel hard as these firms dont have recourse to captive mines and raw material prices soar, a CNBCTV18 analysis shows. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 2:32 pm
GVK has told the Bombay High Court that it plans to cancel all hangar leases as it blocks the third runway, reports CNBCTV18. The company plans to build a third runway for the Mumbai airport. GVK made this submission during the RILADAG airport land case. Meanwhile, the Bombay HC has rejected ADAG\'s request for an interim order. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 2:00 pm
OP Bhatt, Chairman, SBI sees inflation around 6.5% in about three to four months he also said that, the SBI may list an insurance arm in FY10. He sees the SBI home loan growth in FY09 at 2224%. Bhatt further added that SBI will float two more PE funds decision in two to three months. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 1:41 pm
The hedge funds that have invested in Orient Express are in talks with interested buyers, according to sources. Sources also say that DLF has received a proposal and is considering a controlling stake in Orient Express. Goldman Sachs is one of the leading advisors, they added. DLF might partner institutional investors from Dubai. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 1:19 pm
The government looking to revive the IFCIs (Industrial Finance Corporation of India) stake sale process, reports CNBCTV18 quoting Newswire 18. IFCI may again look to sell 26% stake to strategic investors. The IFCIs board may consider stake sale at April 29 meet. The IFCI had called off its 26% stake sale plan in December 2007. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 11:47 am
Nitin Kasliwal, MD, S Kumars sees the FY09 EPS Rs 6.15 for Brand House retail. He said that he was planning to bring a PE player in Reid Taylor. The S Kumars FY09 sales seen at Rs 1,700 crore, the EPS at Rs 12, Kasliwal said. He further informed CNBCTV18 that the Reid Taylor FY09 sales was at Rs 668 crore, and the EPS at Rs 36. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 11:12 am
India\'s largest budget airline has managed to script a turnaround of sorts in its fortunes A 27% surge in net income over the third quarter, has helped Deccan narrow its net loss to under Rs 200 crores, from 213 crores in the same quarter last year. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 9:05 am
After opening on a firm note, the market Wednesday slipped into red and pared losses. At 1.10 p.m., the 30-share benchmark sensitive index of the Bombay Stock Exchange was trading at 16,677.50 with a loss of 106.27 points or 0.63 points. Source: IndiaeNews.com: Business News | 23 Apr 2008 | 9:02 am
An Indian Air Force (IAF) Dornier aircraft came in the flight path of the aircraft carrying Prime Minister Manmohan Singh Tuesday, according to the investigation by the Airports Authority of India (AAI). Source: IndiaeNews.com: Business News | 23 Apr 2008 | 9:00 am
A steady growth in the number of transactions with more number of small amounts being transacted shows that Corporation Banks branchless banking model is gaining acceptance among people in these hitherto unbanked areas. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 8:40 am
Computer manufacturer Dell will now produce laptops from its Sriperumbudur facility, near Chennai. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 8:39 am
The hydro power business of Reliance Power, which is poised to invest about Rs 10,500 crore in three projects with total capacity of 2,100 MW, is in the process of expediting clearances and also achieve financial closure by the first half of 2009. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 8:35 am
MUMBAI (Reuters) - The United States is fully committed to an outcome to the Doha round of global trade talks by the end of the year, a senior U.S. Treasury Department official said on Wednesday.
SINGAPORE (Reuters) - Gold dipped on Wednesday to track a retreating euro and may trade in a tight range this week, with many investors staying on the sidelines as the metal struggles to sustain recent gains.
MUMBAI (Reuters) - State Bank of India will make a provision of $10 million for mark-to-market losses due to the subprime crisis, and said it expects clients to book losses of up to 7 billion rupees ($175 million) from derivatives contracts.
MUMBAI (Reuters) - The rupee was wedged in a narrow band on Wednesday, with slim trading volumes as dealers said they were eyeing the central bank for cues ahead of its policy review next week, when it may raise interest rates.
HONG KONG (Reuters) - Indian infrastructure specialist IDFC Private Equity is raising a new $700 million fund to buy stakes in firms expected to thrive as the country modernises its rag-tag power and transport networks.
MUMBAI (Reuters) - With one of Asia's largest slums, congested streets and sometimes startling whiffs of human waste, Mumbai may not be everyone's first choice for a world-class financial centre.
The Indian equities market opened in green Wednesday tracking strong Asian markets, which were running higher. Realty and consumer goods counter were witnessing buying interest. Source: IndiaeNews.com: Business News | 23 Apr 2008 | 7:33 am
MUMBAI (Reuters) - India's top lender, State Bank of India, sees its loans growing by 22 percent in the current fiscal year that began on April 1, Chairman O.P. Bhatt said on Wednesday.
NEW DELHI (Reuters) - A record harvest and bulging government stocks will rule out wheat imports by India this year, while African countries are keen to buy grains from India, Agriculture Minister Sharad Pawar said on Wednesday.
MUMBAI (Reuters) - India's gold futures fell slightly on Wednesday as the dollar gained slightly overseas against major currencies, but was expected to keep to its tight range waiting for new triggers, analysts said.
MUMBAI (Reuters) - Indian shares surrendered a stronger opening to turn negative on Wednesday morning as the monthly expiry of futures derivative contracts neared, with banks and financials falling ahead of the central bank's policy review.
The Indian equities market opened in green Wednesday tracking strong Asian cues. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a gain of 54.79 points at 16,823.99. Source: IndiaeNews.com: Business News | 23 Apr 2008 | 5:01 am
Preference for a particular variety of rice is making the southern districts of Kerala pay a hefty premium for their staple diet. Source: IndiaeNews.com: Business News | 23 Apr 2008 | 5:00 am
Grain markets across Punjab are facing a problem of plenty as a near bumper crop has taken wheat arrivals to a new high. Source: IndiaeNews.com: Business News | 23 Apr 2008 | 4:00 am
Bangkok, April 22 Oppressive heat wave conditions manifested themselves across the Indian landmass even as two tropical cyclones reared their heads from within the fertile Inter Tropical Convergence Zone (ITCZ) straddling the equator. ... Source: Business Line - Home Page | 23 Apr 2008 | 12:00 am
In line with our expectation, the stock moved up in the last trading session. We retain our buy recommendation.Infosys Sell the stock in rallies with tight stop-loss of Rs 1,645. ... Source: Business Line - Home Page | 23 Apr 2008 | 12:00 am
New Delhi, April 22 Commodity futures trading is not the main cause for price rise and inflation in the economy, according to the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia. “I don’t support the ... Source: Business Line - Home Page | 23 Apr 2008 | 12:00 am
Sven Jenson, VP of Sapient for SAP practice, in his first interview with the Indian media, shared his views on the subject with Vivek Seal. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 10:23 pm
he sharp spurt in price of sulphuric acid has resulted in a 200% rise in price of phosphoric acid and di-ammonia phosphate (DAP). Source: Daily News & Analysis: Money News | 22 Apr 2008 | 10:21 pm
European consumer durables brand Indesit will soon be available in India. The company has tied up with ETA Star Appliances. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 10:18 pm
In acquiescence with its plans to tie up with global retail giants for enhancing its retail play in India, Reliance Industries Source: Daily News & Analysis: Money News | 22 Apr 2008 | 10:16 pm
As wine makers turn bartenders, here's another opportunity for wine lovers to regale in fine spirits. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 10:16 pm
As per Section 10(38) of the Income Tax Act 1961, a scheme is categorised as an equity scheme, if it has invested in equity shares of Indian companies Source: Daily News & Analysis: Money News | 22 Apr 2008 | 9:45 pm
The met department has come out with its quantitative forecast of the southwest monsoon for 2008. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 9:43 pm
But the electronic identification device, when inserted with Edison's biometric card -similar to any ATM card - that is used to provide banking services Source: Daily News & Analysis: Money News | 22 Apr 2008 | 9:33 pm
The merger of Air India and Indian Airlines (to form Nacil) has not only brought integration headaches but large-scale employee resentment as well. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 9:32 pm
Tata Consultancy Services' (TCS) has offered to carry out change-management (or both technology and human transition) for select big clients without any upfront charge. Source: Daily News & Analysis: Money News | 22 Apr 2008 | 9:31 pm
Two of the world's leading real estate retail management services - New York-based Jones LangSalle Incorporated (JLI) and Australia's Colonial First State Property Management - have formed a new company, Sandalwood Asia. The joint venture (JV) will concentrate on retail development and management services in Asia. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 7:30 pm
Jammu, April 22 ( IANS) The sluggish pace of work at Baglihar power project has irritated the Jammu and Kashmir government and it has constituted a panel to suggest measures to penalise the contractors who have allegedly shifted completion date for over three years now. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 7:30 pm
Information technology stocks, led by Tata Consultancy Services, were on a crash course on the Bombay Stock Exchange (BSE) today, even as the benchmark Sensitive Index went up 44 points. ?? Source: Business Standard | Front Page Headlines | 22 Apr 2008 | 6:49 pm
The Department of Telecommunications (DoT) has significantly tightened the noose on mergers among telecom operators within a circle by imposing a three-year lock-in period, besides making it mandatory Source: Business Standard | Front Page Headlines | 22 Apr 2008 | 6:48 pm
India's Reliance Retail Ltd (RRL) has entered a joint venture (JV) with US-based Office Depot, a global provider of office products and services . Source: IndiaeNews.com: Business News | 22 Apr 2008 | 5:32 pm
Exide Industries Ltd (EIL), India's power storage solution major, registered 51 percent growth in its gross turnover at Rs.36.06 billion ($900 million) in the fourth quarter of 2007-08. Source: IndiaeNews.com: Business News | 22 Apr 2008 | 5:31 pm
