Prashant Agarwal, MD, Bombay Rayon Fashions, said its subsidiary has acquired the rights to run the GURU brand all over Europe and in future all over the world, with a call option to buy the brand from them any time in the next five years. He said the brand has a topline of 8090 million euro, which is about Rs 500 crore. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 2:56 pm
ENI has made an open offer for HOEC at Rs 144.20 per share. CNBCTV18 had reported a possibility of open offer on March 31. The offer opens on June 11 and closes on June 30. Any revision in the open offer has to be made before June 19. The acceptance ratio is at 27%. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 2:45 pm
MUMBAI (Reuters) - Satellite TV operator Dish TV India Ltd said on Thursday it would raise up to 12 billion rupees ($300 million) through a rights issue of shares.
MUMBAI (Reuters) - India's demand for gold slowed down on Thursday after strong overnight sales, when prices slipped to three-week lows on a stronger dollar and easing crude oil, dealers said.
MUMBAI (Reuters) - Indian shares turned negative on Thursday after having risen 0.87 percent in early deals, with Reliance Industries and Tata Steel leading the losses.
The Indian equities markets were trading with modest gain in after noon trade Thursday as the realty, metal and capital goods counter witnessed buying interest. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 9:01 am
The Jharkhand postal department will set up Pragya Kendras (common service centres) to help villagers seeking information about various government schemes. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 9:00 am
NEW DELHI (Reuters) - Container Corp of India Ltd, a state-owned logistics company, expects to invest 6.5-7.0 billion rupees in the current fiscal, a senior company official said.
The Scotch Whisky Association (SWA) is hopeful of resolving the membership of Vijay Mallyacontrolled United Spirits, an association spokesperson said here. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 8:43 am
DLF Ltd and the Tamil Nadu Industrial Development Corporation (TIDCO) have entered into a joint venture agreement for a Rs 1,500crore Information technology Special Economic Zone (SEZ) here. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 8:42 am
MUMBAI (Reuters) - Infosys Technologies Ltd, India's No. 2 software services exporter, said on Thursday it would invest 5 billion rupees ($125 million) in a new development centre in Kolkata.
Shoppers Stop has a new identity and logo. With the changed identity, Shoppers Stop has upgraded its positioning to a bridge to luxury store. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 8:35 am
Now that the Indian Premier League (IPL) is in full swing, are primetime soaps losing viewership? The IPL so far has garnered the highest number of eyeballs but Mr Subhash Chandraowned Zee TV claims that its general entertainment channel (GEC) has been able to grow its gross rating points (GRP) over the weekend. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 8:32 am
BMW India has opened its first showroom here following increasing demand for its cars and announced plans to launch a dealership providing sales, service, spares and systems to its clients. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 8:31 am
Leading optical fibre provider Sterlite Technologies Ltd Thursday said it had won three contracts worth Rs.2.96 billion from the Power Grid Corp of India (PGCIL) to supply power transmission conductors. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 8:30 am
The country's largest small car manufacturer Maruti Suzuki has posted a net profit of Rs.17.89 billion for the financial year 2008 as compared to Rs.15.88 billion for the previous year. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 8:30 am
Indian Oil Corporation has been financially constrained due to underrecoveries. The borrowing has increased to Rs 36,000 crore for financial year 200708, said Mr G.C. Daga, Director (Marketing), IOC. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 8:30 am
ISLAMABAD (Reuters) - The Indian oil minister Murli Deora was in Pakistan on Thursday for talks on two major cross-border gas pipelines, the first formal contact between the two rivals since a new coalition government took power in Islamabad last month.
Even as ATT is talking to a number of new telecom licence holders, including Aircel, Videocon and Idea Cellular for reentering the Indian mobile space, the new merger and acquisition guidelines could turn out to be a dampener for the US company. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 8:26 am
TOKYO (Reuters) - Suzuki Motor Corp Chief Executive Osamu Suzuki said on Thursday he believed the carmaker's flat sales in India last month were likely a one-off, adding he was "not that pessimistic" about its performance.
NEW DELHI (Reuters) - India's main opposition alliance led by the Bharatiya Janata Party on Thursday stepped up protests against rising prices ahead of state elections, forming a human chain around parliament.
The Indian dairy industry has taken exception to the removal of fiscal benefits on the export of some value added products, saying the move was negating the objective of promoting processed farm goods. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 7:31 am
Kanyakumari is the last district in southern India, sitting on a 36,000-year-old coral reef at the very tip of the subcontinent. But it could lose its pristine identity to an upgraded port, also threatening the livelihood of its fisherfolk. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 7:30 am
The Indian equities market opened in green Thursday mirroring strong Asian markets which were running higher. Realty and consumer goods stocks were in demand in the initial trade. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 7:30 am
MUMBAI (Reuters) - India's biggest car maker, Maruti Suzuki India Ltd, on Thursday reported a surprising 34 percent fall in quarterly net profit as a large depreciation charge offset higher sales, knocking its shares lower.
Global textile and chemical firm GHCL Ltd, formerly Gujarat Heavy Chemicals Ltd, is set to restructure its US home textile business and foray into the American retail market as well. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 7:01 am
Fed up with the Maharashtra government's inaction, Bollywood is now taking up the matter of piracy with the central government and has written to Railway Minister Lalu Prasad, urging him to take corrective action. Source: IndiaeNews.com: Business News | 24 Apr 2008 | 5:03 am
We recommend a buy in IVRCL Infrastructures & Projects from a short-term perspective. From the charts of IVRCL Infrastructures & Projects, we see that it has been on a long-term uptrend from its July 2006 low of Rs 164. However, after ... Source: Business Line - Home Page | 24 Apr 2008 | 12:00 am
Contrary to our view, the stock surged up in the last trading session. Buy the stock in dips with stop-loss at Rs 1,600.L&TThe stock is witnessing selling pressure at around Rs 3,000. Sell the stock if it ... Source: Business Line - Home Page | 24 Apr 2008 | 12:00 am
Mumbai, April 23 The losses suffered by the corporate clients of State Bank of India on account of currency derivatives could range between Rs 600 crore and Rs 700 crore in the just ended fiscal, said Mr O.P. Bhatt, Chairman of SBI. While the ... Source: Business Line - Home Page | 24 Apr 2008 | 12:00 am
Offshore financial centres have been posing a stiff challenge to regulators across the world even as investors have willingly embraced these routes to mitigate tax incidence. The Organisation for Economic Co-operation and Development (OECD) has ... Source: Business Line - Home Page | 24 Apr 2008 | 12:00 am
Battle lines have been drawn between Indian colour television (CTV) manufacturers and makers of colour picture tubes like Samtel and JCT Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:39 pm
Two years back, it was a loud wail heard across airlines - that shortage of pilots will ground India's aviation sector. Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:37 pm
After achieving breakthrough in extracting ethanol from agri-waste, Praj Industries, a maker of bio-ethanol plants, has now trained its guns on the lowly algae. Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:33 pm
In a move that will add to its offshore vessel building expertise and give it an edge over competition, ABG Shipyard, the country's largest private sector shipyard Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:30 pm
The on-going market turmoil has not taken the sheen off unit-linked policies completely, since insurers showcase them as long term plans Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:25 pm
Mobile banking in India is increasingly talked about in the pink papers, thanks to the over 260 million mobile users and a huge un-banked population. Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:23 pm
The Tatas may soon pool in resources to buy mines abroad. This is expected to help them tide over periodical price hikes and guarantee supplies. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 9:21 pm
Toronto-based Nortel, North America's biggest telephone equipment maker, has initiated talks with new telecom operators in India for equipment sales. Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:20 pm
Corp Ltd, the Noida-based telemarketing firm, said it plans to venture into the knowledge process outsourcing (KPO) business because of lucrative margins Source: Daily News & Analysis: Money News | 23 Apr 2008 | 9:19 pm
Every week the list of companies hit by forex derivative losses just gets longer. This week, pharma firm Ranbaxy reported an Rs 80 crore loss. This week, yet another company won\'t comment. Himatsingka Seide could be facing a big blow on account of forex derivative losses. Source: Moneycontrol Top Headlines | 23 Apr 2008 | 9:10 pm
The recent bankruptcy of four global airlines in the US and Hong Kong has turned out to be a bonanza for Indian private carriers looking for aircraft at low prices and experienced pilots. ?? Source: Business Standard | Front Page Headlines | 23 Apr 2008 | 6:52 pm
After Axis Bank, it is now the turn of State Bank of India to disclose losses its customers could face on derivative trading. ?? Source: Business Standard | Front Page Headlines | 23 Apr 2008 | 6:51 pm
The turmoil in the global financial markets has cast its shadow on India's largest real estate deal. Source: Business Standard | Front Page Headlines | 23 Apr 2008 | 6:50 pm
In a major push towards consolidation in the banking space, the Reserve Bank of India has presented a paper to the government highlighting a proposal for merger of banks. Source: Business Standard | Front Page Headlines | 23 Apr 2008 | 6:50 pm
Tax sops on the anvil, full power likely for small steel firms. ??A year after it declassified steel and its products from the list of essential commodities, the government is preparing to bring it back under the ambit of the Essential Commodities Act, 1955. Source: Business Standard | Front Page Headlines | 23 Apr 2008 | 6:49 pm
