MUMBAI (Reuters) - India has spent about 410 million rupees on research and development on alternative fuels during the last three years, junior minister for new and renewable energy, Vilas Muttemwar, said on Friday.
NEW DELHI (Reuters) - State-run National Mineral Development Corp plans to set up a one-million-tonne pellet plant in Karnataka and modernise operations to raise output to 50 million tonnes by 2014/15, a junior minister said.
Unilever spent 800 crores in 2007 on advertising and marketing. Reliance ADAG spent 600 crores.
It\'s a daunting task to break through the clutter of brands without advertising budgets like these to lean on! But it doesn\'t always take big bucks to make an impact. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 10:05 am
Amid reassurances by Prime Minister Manmohan Singh to curb price rise and a caution against 'scare-mongering', India's annual rate of inflation rose to 7.33 percent for the week ended April 12. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 10:02 am
Dewa Projects Pvt Ltd, promoted by a group of non-resident Indians in Kuwait, has announced its entry into the real estate sector in Kerala. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 10:00 am
NEW DELHI (Reuters) - Bharti Airtel Ltd, India's top mobile operator, beat forecasts with a 37 percent increase in quarterly profit as it signed up more users, and forecast strong growth, sending its shares up more than 8 percent.
The controversy over the use of words `scot' or `scotch' to identify whisky brands in the country appears to have attained maturity. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:25 am
Consumer durables major LG India has deffered its plans for a third plant in India at least for two years. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:24 am
While local media is growing at 18%, the US television sector is growing at around 2%. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:22 am
Stocks of brokerage companies have bounced off their recent lows and are looking to ride the post-Infy buoyancy in the market. But, they may take a U-turn again. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:20 am
The latest Merrill Lynch poll shows global equities fund managers are most overweight in the US, reflecting cheap valuations in that market. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:18 am
In a precedent-setting ruling, the Income Tax Appellate Tribunal (ITAT) has allowed ABG Heavy Industries Ltd to claim tax exemption on its income. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:17 am
The Department of Telecommunications (DoT) is yet to furnish its replies to the Central Vigilance Commission (CVC) on additional spectrum allocation to telecom firms. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:14 am
The Comptroller and Auditor General of India (CAG) has found major irregularities in six sectors in its audit of 50 PSUs for the year ended March 2007. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:12 am
The government is hopeful of resolving the issues concerning BlackBerry services in India within the next two weeks, Communications and IT Minister A. Raja said Friday. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 9:01 am
MUMBAI (Reuters) - Indiabulls Financial Services Ltd plans to raise 60 billion rupees through debt during 2008/09 to fund its growing lending business, a senior official of the company told Reuters on Friday.
Inflation rate grew by a faster 7.33 per cent in the week ended April 12 from 7.14 per cent in the previous week, on higher prices of food items, including jaggery and fish. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 8:59 am
Indian Railways may sign an MoU with its Russian and Iranian counterparts this May in Seoul, where the International Union of Railways (UIC) would have its next meeting. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 8:54 am
More buybacks of shares have been announced during the four months of 2008 than the fullyear of 2007, when there was a bull run in the market. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 8:45 am
MUMBAI (Reuters) - India's top two consumer goods makers are expected to post robust growth in quarterly profits as rising incomes and the expansion of modern retail boost demand for everything from soaps to ready-to-eat foods.
With an eye on generating additional revenues, Stateowned BSNL is planning to hive off its telecom infrastructure into a separate company. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 8:40 am
Bharti Airtel, India's largest mobile phone service operator, Friday posted robust growth with consolidated net profit rising to Rs.18.98 billion in the quarter ending March 2008, from Rs.13.18 billion in the same period last year. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 8:33 am
Despite the rise in inflation rates, markets were holding firm and trading in positive zone in afternoon trade Friday. Good corporate results from frontline companies boosted sentiment and telecom stocks were on demand. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 8:32 am
Yash Raj Films' much-awaited action thriller 'Tashan' has opened in a select few cinema halls. Major multiplexes like PVR Cinemas and Inox did not release it Friday. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 8:30 am
Bharti Airtel, India's largest mobile phone service operator, has posted robust growth with consolidated net profit rising to Rs.18.98 billion in the quarter ending March 2008 from Rs.13.18 billion last year same period. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 7:30 am
NEW DELHI (Reuters) - India's wholesale price index rose 7.33 percent in the 12 months to April 12, accelerating from the previous week's annual rise of 7.14 percent, government data showed on Friday.
NEW DELHI (Reuters) - India's annual inflation rate remained at three-year highs above 7 percent in mid-April, data showed on Friday, leaving the Reserve Bank of India (RBI) with a dilemma over how to act at a review next week amid signs of slowing growth.
India's annual rate of inflation shot up to 7.33 percent for the week ended April 12 after easing a bit to 7.14 percent for previous week, official data showed Thursday. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 7:00 am
NEW DELHI (Reuters) - India expects to reach a solution with Research in Motion over BlackBerry services in India in a couple of weeks, Telecoms Minister Andimuthu Raja said on Friday.
NEW DELHI (Reuters) - India's headline inflation rate, which has accelerated to near three-year highs in recent weeks, will moderate over time as the impact of fiscal and monetary measures kick in, finance minister Palaniappan Chidambaram said on Friday.
Private non-life insurance companies are setting up their own cells with qualified doctors to process claims as opposed to outsourcing the services in a bid to protect their goodwill and customer base. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 5:30 am
The Indian equities market opened in green Friday mirroring strong Asian markets, which were running higher. Oil and gas, metal and banking stocks were in demand in the initial trade. Source: IndiaeNews.com: Business News | 25 Apr 2008 | 5:01 am
We recommend a buy in Parsvnath Developers from a short-term perspective. It is evident from the charts of Parsvnath Developers that the stock was on medium-term downtrend from its 52-week-high of Rs 598 (touched in January 2008) to its ... Source: Business Line - Home Page | 25 Apr 2008 | 12:00 am
New Delhi, April 24 A new airport can be set up within 150 km radius of an existing airport under a new policy cleared by the Union Cabinet today. But the application will first be considered by a steering committee of the Civil ... Source: Business Line - Home Page | 25 Apr 2008 | 12:00 am
Chrysler wants to get everything right in India, which is why it has started developing models in the country even before launching its first car. The American major will double its number of engineers to 400 this year at its Chennai center. The center was set up only last year. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 9:38 pm
Reliance Globalcom, a fully owned subsidiary of Reliance Communications, has acquired 90% stake in UKbased WiMax operator eWave World. Globalcom is betting on eWave\'s WiMax licenses to tap international markets in Europe, Asia, and Latin America. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 9:18 pm
The Reserve Bank of India, or RBI, has released final norms for banks engaging recovery agents. It says banks should have a due diligence process for hiring recovery agents. More importantly, recovery agents must carry letter of authorization and a notice from the bank when carrying out their duty. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 9:12 pm
Tata Power has achieved financial closure for Mundra ultra mega power project, reports CNBCTV18. Financials include Rs 4,250 crore of equity, ECBs of USD 1.8 billion, and rupee loan of Rs 5,550 crore. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 7:39 pm
Low-cost carrier SpiceJet's share price went up 9.5 per cent at the Bombay Stock Exchange today in an otherwise flat market fuelled by speculation that the airline was in merger talks with another Delhi-based low-cost carrier, IndiGo. Source: Business Standard | Front Page Headlines | 24 Apr 2008 | 6:56 pm
The Specified Undertaker of Unit Trust of India (SUUTI) is ready to pay the Rs 8,000 crore due to the 1.2 million investors in Unit Scheme 1964 (US-64), many of whom have been associated with India's oldest mutual fund scheme for 44 years,. Source: Business Standard | Front Page Headlines | 24 Apr 2008 | 6:55 pm
In a significant shift in its stance, the Reserve Bank of India ? the custodian of India's foreign exchange reserves ? has supported the proposal to set up a sovereign wealth fund (SWF). Source: Business Standard | Front Page Headlines | 24 Apr 2008 | 6:54 pm
HDFC Bank today said its non-tax provisions and contingencies had risen 74.1 per cent to Rs465 crore in the fourth quarter of 2007-08. Source: Business Standard | Front Page Headlines | 24 Apr 2008 | 6:53 pm
Idea plans to start operations in Mumbai, and Bihar in July or September, reports CNBCTV18, quoting Newswire18. The company has denies reports of a stake sale in Indus Tower. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 6:42 pm
Wipro and Infosys are all set to log into West Bengal with big investments. Both the companies will be setting up facilities on a proposed 1,200acre IT park in Rajarhat near Kolkata. Infosys will set up a multitech, multiservices facility on a 90acre plot in Rajarhat, Kolkata. Source: Moneycontrol Top Headlines | 24 Apr 2008 | 4:43 pm
