The Telecom Regulatory Authority of India, or TRAI, is in favour of hiking foreign investment limit in FM radio channels to 49%, reports CNBCTV18, quoting Newswire18. The regulator also favours a hike in FII limits in news channels to 49% and a 74% foreign investment cap in DTH, and mobile television services. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 3:17 pm
India's second largest bank ICICI Bank Ltd posted a net profit of $1 billion (Rs.40 billion) during 2007-08 as compared to $775 million of the previous fiscal. Source: Daily News & Analysis: Money News | 26 Apr 2008 | 2:48 pm
The government is considering a proposal to put to commercial use across the country the land owned by the loss-making Department of Posts. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 2:03 pm
Indian steel baron Lakshmi Mittal has been ranked as Britain's richest resident, for the fourth year in a row by a leading media house. Source: Daily News & Analysis: Money News | 26 Apr 2008 | 1:38 pm
After its success in theatres worldwide, the Hrithik Roshan-Aishwarya Rai starrer 'Jodhaa Akbar' will soon be released on home video. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 1:01 pm
The Logan has overaken the Sx4! MahindraRenault has sold 8,400 units during the fourth quarter while the Sx4 sales were only at about 6000 units during the same period. Honda City still is way ahead in the race. It clocked sales of 14,000 units. The CNG and LPG versions of Logan will be launched in two months. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 12:28 pm
Microsoft`s unwanted courtship of Yahoo hits a critical point Saturday as a deadline arrives for the Internet pioneer to accept the software giant`s USD 44.6 billion takeover offer. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
Global IT major IBM will double its computing power by 2010 but keep its energy use the same as today, says the head of its global industry division. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
General Motors Corporation said it will resume production on Monday at its assembly plant in Detroit for the first time in a month, after a strike at a key supplier forced it to shut down. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
BSNL will launch a new service to lure postpaid subscribers, HM Abubacker, General Manager, Cellular Mobile Telecom Service, Tamil Nadu Telecom Circle, said on Saturday. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
Wendt (India) Ltd, leading manufacturer of super abrasive grind wheels and tools firm, plans to expand its offices in Malaysia, Australia and Africa. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
Asian Lite, a Manchester-based magazine edited by Indian-origin journalist Anasudhin Azeez, has been honoured by a media organisation as one of the eight best in the region. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
High operating costs combined with a higher indirect tax burden have pulled down cement maker, Ambuja Cements` net profit by 42 percent to Rs 326 crore in Q1 FY08. Source: Zee News : Business | 26 Apr 2008 | 12:23 pm
US stocks rose and ended the week in positive territory, led by financial shares buoyed by Fannie Mae's brighter earnings forecast. Source: Daily News & Analysis: Money News | 26 Apr 2008 | 11:13 am
The Industrial Development Bank of India (IDBI) has posted a net profit of Rs.7.4 billion (dollar185 million) during 2007-08 as compared to Rs.5.8 billion in the previous fiscal. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 11:02 am
Union Finance Minister P. Chidambaram said Saturday that steps were being taken to combat inflation and price rise and there was no need to panic. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 11:00 am
The much-hyped bus rapid transit (BRT) system corridor in south Delhi got the go-ahead from Chief Minister Sheila Dikshit Saturday despite facing heavy flak in the last few days over the massive traffic pile ups and chaos. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 11:00 am
Silver prices recovered on the bullion market here today on renewed industrial demand coupled with mild stockists buying on the back of strong global cues. Source: Daily News & Analysis: Money News | 26 Apr 2008 | 10:56 am
Shrugging off concerns over rising inflation and a hike in the Cash Reserve Ratio, the BSE benchmark Sensex gained 4.0% to recapture the 17K peak this week. Source: Daily News & Analysis: Money News | 26 Apr 2008 | 10:53 am
Madhya Pradesh's Bundelkhand region may soon shake off its 'backward' tag as projects worth nearly Rs.180 billion are slated to come up, agreements for which have been signed in the past three years. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 10:32 am
Himachal Pradesh has approved the opening of four more private universities in the state, officials said Saturday. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 10:32 am
The Delhi government Saturday decided to go ahead with the Bus Rapid Transport (BRT) system with dedicated corridors, it was announced here Saturday. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 10:31 am
As the self-righteous moral brigade expresses outrage against the presence of cheerleaders at Indian Premier League (IPL) matches, the franchisees of various teams are unfazed and say their detractors are looking for 'cheap publicity'. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 10:30 am
Steel producers are not just passing on costs, they are making huge profits says Steel Secretary R S Pandey. With fat profit margins, he thinks, they can absorb some the increases in raw material costs till the current inflationary situation passes over. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 10:22 am
MUMBAI (Reuters) - ICICI Bank, India's second-largest bank, on Saturday reported an above-forecast 39 percent rise in quarterly net profit, helped by a strong demand for loans.
MOSCOW (Reuters) - Japanese Prime Minister Yasuo Fukuda will seek Moscow's support for a new global initiative to curb greenhouse gases on Saturday when he has his first meeting with Russia's outgoing and incoming presidents.
BMW, the worlds largest luxury carmaker, has set itself a target of selling 2,000 vehicles in India this year to realise its ambition of becoming the market leader in this segment by 2010, BMWs India unit President, Mr Peter Kronschnabl, said here. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 9:47 am
The merger of Bharat Refractories Ltd (BRL) with Steel Authority of India Ltd (SAIL) was approved by the Union Cabinet here on Thursday. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 9:45 am
After Logan completes one year in the domestic market, MahindraRenault is set to drive the sedan into the overseas market. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 9:43 am
The Communication and IT Minister, Mr A. Raja, on Friday announced that operators will be exempted from paying licence fee based on revenues earned from fixed line telephone service. Source: Moneycontrol Top Headlines | 26 Apr 2008 | 9:41 am
State-run Vijaya Bank posted a net profit of Rs.3.6 billion for fiscal 2007-08 as against Rs.3.3 billion in the previous fiscal (2006-07), registering a nine percent year-on-year (YoY) growth. Source: IndiaeNews.com: Business News | 26 Apr 2008 | 9:30 am
MUMBAI (Reuters) - Iron ore exporter Sesa Goa Ltd said on Saturday its board would consider a stock split and bonus share issue at its meeting on April 28.
MUMBAI (Reuters) - Wall and flooring tiles maker Asian Granito India Ltd said on Saturday it planned to spend 550 million rupees ($14 million) on a marble project.
NEW YORK (Reuters) - The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is virtually guaranteed.
Mumbai, April 25 They are mostly under-graduates or just graduates, but command a salary as high as $15,000 a month. They are much sought after by companies such as ONGC and Reliance. Only, their work place is not in plush ... Source: Business Line - Home Page | 26 Apr 2008 | 12:00 am
Mumbai, April 25 Stock markets appear to be on a reverse course with key indices recording sustained gains over the past few trading sessions.On Friday, the Sensex breached the 17,000-mark for the first time in the current year. ... Source: Business Line - Home Page | 26 Apr 2008 | 12:00 am
Mumbai, Apr 25 The battle lines between cement companies and the Government seem to have been drawn. Cement majors ACC and Ambuja Cement on Friday accused the Government of helping cement companies in Pakistan by allowing duty free imports ... Source: Business Line - Home Page | 26 Apr 2008 | 12:00 am
New Delhi, April 25 GSM operators on Friday made a strong pitch for the quick introduction of third generation services in the country even as the Communications Ministry said that spectrum issues related to 3G services would be resolved soon. ... Source: Business Line - Home Page | 26 Apr 2008 | 12:00 am
SAN FRANCISCO (Reuters) - Google Inc believes regulators would not bar a potential business deal with Yahoo Inc because it would be "non-exclusive" and falls short of an outright merger, a person familiar with Google's thinking said on Friday.
If you have 'buy' positions in the equity markets, hold on a little longer, is the word from technical analysts. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 11:00 pm
WASHINGTON (Reuters) - Piracy and counterfeiting of American goods remain serious problems in China and Russia, despite some progress in both countries, the U.S. Trade Representative's office said on Friday.
The government's decision to allow private parties to develop airports for public and private use has opened a Pandora's Box. Source: Daily News & Analysis: Money News | 25 Apr 2008 | 10:04 pm
The Supreme Court upheld a National Consumer Commission's ruling that Citibank NA, New York, and State Bank of Mysore were guilty of 'deficiency in service' Source: Daily News & Analysis: Money News | 25 Apr 2008 | 10:02 pm
The Securities and Exchange Board of India (Sebi) has issued final guidelines on real estate mutual funds (REMFs). Source: Daily News & Analysis: Money News | 25 Apr 2008 | 9:58 pm
Travel agents are now looking to budget airlines for more money. That\'s because commissions from low cost carriers are higher than full service airlines. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 9:16 pm
It was supposed to be the Tata\'s biggest investment in Tamil Nadu, but the titanium dioxide project in Tirunevelli has been stalled yet again. This time, it\'s because acquiring land is proving to be too costly for the Tatas. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 9:10 pm
WASHINGTON (Reuters) - President George W. Bush said on Friday the U.S. economy is in a slowdown but tax rebates that will start hitting consumers' bank accounts next week should help.
In a sharply worded statement, Prime Minister Manmohan Singh today said that his government was doing all it could to contain inflation and asked all political parties to refrain from scare-mongering, which could create an atmosphere of hoarding and scarcity. Source: Business Standard | Front Page Headlines | 25 Apr 2008 | 7:04 pm
A steep increase in mineral prices, including iron ore, led to the wholesale price index-based annual rate of inflation (WPI) rising 7.33 per cent in the week ended April 12, much higher than the 6.34 per cent in the same week last year. Source: Business Standard | Front Page Headlines | 25 Apr 2008 | 7:03 pm
The Andhra Pradesh government on Friday asked cement manufactures to sell at Rs 200 a bag of 50 kg. Source: Business Standard | Front Page Headlines | 25 Apr 2008 | 7:03 pm
Fund houses likely to get Rs 30,000-50,000 crore. ??Paving the way for domestic asset management companies (AMCs) to invest directly in real estate, the Securities & Exchange Board of India (Sebi) today unveiled the much-awaited guidelines for real estate mutual funds (REMFs), which mandated that at least 35 per cent of the corpus of a scheme be invested directly in real estate assets. Source: Business Standard | Front Page Headlines | 25 Apr 2008 | 7:02 pm
The Telecom Regulatory Authority of India, or TRAI, plans to send its revised 3G guidelines today, reports CNBCTV18, quoting sources. Only existing operators, and licence holders would be allowed to bid. Source: Moneycontrol Top Headlines | 25 Apr 2008 | 3:19 pm
ISLAMABAD (Reuters) - India and Pakistan are just "days or weeks away" from finalising terms for a cross-border pipeline to import gas from Iran following talks in Islamabad on Friday.
