West Bengal Power seeks 50,000T/month coal

CHENNAI (Reuters) - State-owned generator West Bengal Power is tendering for 50,000 tonnes a month of imported coal for delivery over one year, company officials said on Sunday.

Source: Reuters: Money News | 27 Apr 2008 | 12:20 pm

IMF says Bangladesh economy to grow up to 6 pct

DHAKA (Reuters) - The economy of Bangladesh should grow up to 6 percent in the current year as agriculture, exports and domestic revenue collection were showing positive signs, the International Monetary Fund (IMF) said on Sunday.

Source: Reuters: Money News | 27 Apr 2008 | 12:18 pm

Iran to discuss pipeline with India, Pakistan - Reuters India


odishatoday.com

Iran to discuss pipeline with India, Pakistan
Reuters India - 2 hours ago
TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad visits India and Pakistan this week for talks on issues including longstanding plans for a pipeline to supply Iranian gas to the two Asian states, an Iranian official said on Sunday.
Gas transit fee issue sorted out: Deora Hindu
Turkmenistan deal revives Iran hopes Hindustan Times
Calcutta Telegraph - Economic Times - Daily Pioneer - SteelGuru
all 187 news articles

Source: Google News India - Business | 27 Apr 2008 | 10:00 am

Rich get richer in Britain despite credit crunch

LONDON (Reuters) - Britain's rich are getting richer despite the global credit crunch and are now worth more than 400 billion pounds ($790 billion).

Source: Reuters: Money News | 27 Apr 2008 | 9:59 am

Iran to discuss pipeline with India, Pakistan

TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad visits India and Pakistan this week for talks on issues including longstanding plans for a pipeline to supply Iranian gas to the two Asian states, an Iranian official said on Sunday.

Source: Reuters: Money News | 27 Apr 2008 | 9:50 am

Bangladesh eyes bumper rice crop; but worries linger

DHAKA (Reuters) - Bangladesh may be harvesting a bumper rice crop, seen up 17 percent from last year and making up more than half its total demand, offering some relief to millions in the country who risk starvation at a time of record world prices.

Source: Reuters: Money News | 27 Apr 2008 | 9:38 am

'Allow more FDI in TV and radio' - Sify


MSN India

'Allow more FDI in TV and radio'
Sify - 3 hours ago
New Delhi: The Telecom Regulatory Authority of India (TRAI) has opposed the proposals of the Information and Broadcasting (I&B) ministry on the permissible levels of FDI across four media segments - news television channels, cable TV networks, ...
TRAI for raising I&B foreign fund cap Economic Times
TRAI: raise cap on foreign investment in news channels Hindu
Hindu Business Line - Business Standard - Calcutta Telegraph - Press Trust of India
all 31 news articles

Source: Google News India - Business | 27 Apr 2008 | 9:03 am

New Bangalore airport take off likely to be delayed

The flight operations from the new airport in Bangalore are expected to be further delayed as contentious issues like user development fee are yet to be resolved
Source: Daily News & Analysis: Money News | 27 Apr 2008 | 8:51 am

Microsoft deadline to Yahoo passes without a word

Microsoft Corp's deadline to Yahoo to accept its USD 40 billion-plus offer passed without a word, setting the stage for the next act in the corporate drama.
Source: Daily News & Analysis: Money News | 27 Apr 2008 | 8:37 am

Tata emerges as one of the largest global brands

Tata, one of India's biggest group of companies on an acquisition spree has emerged as one of the largest global brands, according to a UK-based independent consultancy firm.
Source: Daily News & Analysis: Money News | 27 Apr 2008 | 8:23 am

New Bangalore airport take off likely to be delayed

The flight operations from the new airport in Bangalore are expected to be further delayed as contentious issues like user development fee are yet to be resolved, an aviation official said.
Source: IndiaeNews.com: Business News | 27 Apr 2008 | 8:01 am

Ahmedabad management body to be Turkey's trade partner

The Ahmedabad Management Association (AMA) is set to become a trade partner of DEiK, Turkey's foreign economic relations board in India.
Source: IndiaeNews.com: Business News | 27 Apr 2008 | 8:01 am

Allow more FDI in TV and radio, says regulator

The Telecom Regulatory Authority of India (Trai) has opposed the proposals of the Information and Broadcasting (I&B) ministry on the permissible levels of FDI
Source: Daily News & Analysis: Money News | 27 Apr 2008 | 7:48 am

Economists split on rate hike, unanimous on hawkish RBI policy - Economic Times


AFP

Economists split on rate hike, unanimous on hawkish RBI policy
Economic Times - 6 hours ago
27 Apr, 2008, 1138 hrs IST, PTI MUMBAI: The Reserve Bank, which is in an unenvious position, thanks to high inflation, is bound to take a tough stand in its monetary policy which will be unveiled on April 29, experts said.
RBI should come out with clear stand on forex derivatives Hindu
RBI should refrain from raising rates: Morgan Stanley Moneycontrol.com
Business Standard - Reuters India - Hindu Business Line - Economic Times
all 72 news articles

Source: Google News India - Business | 27 Apr 2008 | 6:12 am

Robust growth seen in India's pay TV business

India's pay television industry is projected to grow at 16 percent annually to log revenues of $11.3 billion by 2012 and emerge as a key driver of this business in Asia, says a new study.
Source: IndiaeNews.com: Business News | 27 Apr 2008 | 6:00 am

Review panel to suggest changes in functioning of IIMs - Economic Times


CNN-IBN

Review panel to suggest changes in functioning of IIMs
Economic Times - 6 hours ago
27 Apr, 2008, 1047 hrs IST, PTI NEW DELHI: After asking the Government for an interim freeze on fees for the courses offered by the IIMs, a review committee is set to recommend a series of steps on the functioning of the premier institutes keeping in ...
No going back on fee hike: IIMA Hindu
Fee hike issue: IIM-A, Bhargava panel stick to their guns Hindu Business Line
Business Standard - Calcutta Telegraph - Daily News & Analysis - Expressindia.com
all 74 news articles

Source: Google News India - Business | 27 Apr 2008 | 5:21 am

Prime minister warns against creating price scare - Economic Times


MSN India

Prime minister warns against creating price scare
Economic Times - 7 hours ago
Prime minister reportedly told the Left parties that most of their suggestions to contain inflation were just not workable. After the meeting with Left leaders, the Prime Minister’s Office issued a statement asking “parties not to politicise the misery ...
Is it point of no return for Left-PM relations? Times of India
Modi asks PM to focus on tackling inflation Hindu
Sify - Hindu Business Line - Business Standard - MSN India
all 100 news articles

Source: Google News India - Business | 27 Apr 2008 | 5:02 am

Boeing to outsource US fighter jet components to India - Economic Times


CNN-IBN

Boeing to outsource US fighter jet components to India
Economic Times - 8 hours ago
NEW DELHI: US civil and defence aerospace major Boeing has decided to outsource two critical components of the F-18 Super Hornet combat aircraft to India and the order for one of them could go to the Tatas.
Europe jumps into fray to sell India fighter jets Times of India
Eurofighter carrot: a development stake if air force deal is signed Livemint
Howrah News Service - NEWSPost India - Financial Express - CNN-IBN
all 19 news articles

Source: Google News India - Business | 27 Apr 2008 | 4:13 am

Boeing to outsource US fighter jet components to India

US civil and defence aerospace major Boeing has decided to outsource two critical components of the F-18 Super Hornet combat aircraft to India and the order for one of them could go to the Tatas.
Source: IndiaeNews.com: Business News | 27 Apr 2008 | 3:30 am

Oil burners take the mid-size lead

Amongst cars sold in the mid-size category (domestic sales) between April 2007 and March 2008, diesel variants outsold petrol car models roughly in the ratio of 7:3.
Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 12:10 am

Beijing, Paris, Milan on Jet radar

Jet Airways is all set to spread its wings to Beijing, Milan and Paris within a year.
Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 12:08 am

ICICI Bank makes additional $45 mn provisioning

Bank suffers MTM losses on credit derivatives exposure; Q4 net profit rises 39 per cent.
Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 12:07 am

Captive coal blocks to be sold to steel, cement cos

Those not required by CIL, Singareni during 11th Plan to be auctioned
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

A cautious home-coming for real-estate MFs

Mumbai, April 26 Though they are excited about the new asset class thrown open to them by SEBI’s notification on Real Estate Mutual Funds, mutual fund houses are asking themselves whether they are adequately equipped to offer this ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Weekly News Round-up

Reliance Industries' fourth quarter net profit grew 24 per cent on the back of higher refining margins, helped by higher exports. The company's quarterly net profit was Rs 3,912 crore, against Rs 3,156 crore in the year-ago quarter. The net ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Essar E&P bids for 2 offshore blocks in Australia

Kolkata, April 26 Essar Exploration and Production Ltd, a wholly-owned subsidiary of Essar Oil, has bid for two shallow-water offshore blocks in Australia. The bidding round ended on April 17 and the award is expected within a month. ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Higher interest income drives ICICI Bank Q4 net up 39%

$100 m provisioning for overseas derivatives exposure
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Fee hike issue: IIM-A, Bhargava panel stick to their guns

Institution yet to receive ‘directive’ from HRD Ministry
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

GSK Consumer Healthcare Q1 net up 34% at Rs 56 cr

New Delhi, April 26 GlaxoSmithKline Consumer Healthcare (GSKCH), the makers of Horlicks, has seen net profit grow almost 34 per cent to Rs 56.6 crore in the first quarter ended March 31, 2008. The company claimed sales had never been ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Lock-in period only for telecom cos’ mergers: DoT

New Delhi, April 26 In a breather to new telecom players, the Department of Telecom has said that there is no bar on acquisition of companies which have recently acquired licences. The three-year lock-in period, mentioned in the new ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Mobile segment continues to drive Airtel growth

BL Research Bureau Strong subscriber additions in the mobile phone business have helped Bharti Airtel close the financial year 2007-08 with a solid set of numbers. Revenues have grown by 46 per cent to Rs 27,025 crore, while net profits have ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

Ramaseshan is new chief of NCDEX

Mumbai, April 26 Mr Ramalinga Ramaseshan will take over as CEO and Managing Director of NCDEX from Mr P.H. Ravikumar, whose five-year term ends on Monday.Apart from Mr Ramaseshan, Mr Rakesh Kapur was appointed on Saturday as Additional ...
Source: Business Line - Home Page | 27 Apr 2008 | 12:00 am

ICICI Bank net crosses $1-billion mark - Hindu


Calcutta Telegraph

ICICI Bank net crosses $1-billion mark
Hindu - 13 hours ago
REDEFINES CREDIT: KV Kamath (left), Managing Director and CEO, with Chanda Kochhar, Joint Managing Director and CFO, ICICI Bank, at a press conference in Mumbai on Saturday.
ICICI Bank Q4 net rises 39% to Rs 1149 cr Economic Times
ICICI Bank numbers beat forecast Calcutta Telegraph
Moneycontrol.com - Business Standard - Financial Express - NDTV.com
all 41 news articles

Source: Google News India - Business | 26 Apr 2008 | 11:03 pm

Sterlite profit increases 46% - Calcutta Telegraph


Sterlite profit increases 46%
Calcutta Telegraph - 15 hours ago
Mumbai, April 26: Sterlite Industries has posted a 46 per cent rise in net profit for the quarter ended March 31, 2008 at Rs 306.45 crore compared with Rs 209.18 crore in the corresponding previous quarter.
Sterlite Q4 net at Rs 1318 cr, declares 200 pc dividend Economic Times
Sterlite Ind net jumps 46.50% in Q4 Hindu Business Line
all 4 news articles

Source: Google News India - Business | 26 Apr 2008 | 8:58 pm

A cautious home-coming for real-estate MFs - Hindu Business Line


A cautious home-coming for real-estate MFs
Hindu Business Line - 17 hours ago
Mumbai, April 26 Though they are excited about the new asset class thrown open to them by SEBI’s notification on Real Estate Mutual Funds, mutual fund houses are asking themselves whether they are adequately equipped to offer this product.
Sebi allows AMCs to invest in real estate Business Standard
Sebi clears decks for realty MFs Moneycontrol.com
Sify - Economic Times - Hindu - Times of India
all 46 news articles

Source: Google News India - Business | 26 Apr 2008 | 6:54 pm

More fund-raising options for co-op banks - Business Standard


Moneycontrol.com

More fund-raising options for co-op banks
Business Standard - 18 hours ago
In order to offer a level playing field to co-operative banks, the Reserve Bank of India (RBI) may allow them to use new products for raising funds from the debt market.
RBI guidelines make training mandatory for recovery agents Economic Times
RBI issues final norms for banks’ recovery agents Hindu
Moneycontrol.com - Times of India - Newindpress - India Infoline.com
all 12 news articles

Source: Google News India - Business | 26 Apr 2008 | 6:10 pm

Vedanta's Orissa projects are on schedule: Agarwal

NRI industrialist and chairman of Britain's Vedanta Resources Anil Agarwal Saturday said all projects of the group in Orissa were on schedule.
Source: IndiaeNews.com: Business News | 26 Apr 2008 | 5:00 pm

Welfare schemes not reaching tribals: Rahul

The government's welfare schemes aimed at poor tribal people were not reaching them, Congress general secretary Rahul Gandhi said after visiting some tribal pockets of Chhattisgarh Saturday.
Source: IndiaeNews.com: Business News | 26 Apr 2008 | 3:30 pm

TRAI in favour of 49% FII limit for FM radio cos

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

Canara Bank net profit up 10 percent

State-run Canara Bank posted a net profit of Rs.15.65 billion ($391 million) for 2007-08 against Rs.14.21 billion of the previous fiscal, registering a 10 percent year-on-year (YoY) growth.
Source: IndiaeNews.com: Business News | 26 Apr 2008 | 3:00 pm

Dikshit says BRTS pro-commuters, Opposition cries foul

The bus rapid transit (BRT) system in south Delhi, which is aimed at decongesting traffic but led to chaos during testing this week, will not be scrapped, the state government decided Saturday after a review meeting.
Source: IndiaeNews.com: Business News | 26 Apr 2008 | 3:00 pm

ICICI posts net profit of $1 billion

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

Mittal tops British rich list again, Hindujas are fourth

Indian steel tycoon Lakshmi Niwas Mittal has once again topped the Sunday Times Rich List - the definitive rundown of Britain's wealthiest people.
Source: IndiaeNews.com: Business News | 26 Apr 2008 | 2:30 pm

ICICI clocks net profit of dollar1 bn

India's second largest bank ICICI Bank Ltd posted a net profit of dollar 1 billion (Rs.40 billion) during 2007-08 as compared to dollar 775 million of the previous fiscal.
Source: IndiaeNews.com: Business News | 26 Apr 2008 | 2:30 pm

Mittal 'steels' the show again in Britain!

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

MahindraRenault to launch LPG, CNG versions of Logan

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

BSNL to launch new postpaid service!

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

IBM to double computing power by 2010!

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

Asian magazine among the best in UK!

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

Wendt India in expansion mode!

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

GM to restart Detroit plant amid threats of more strikes!

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

Ambuja Cements net slips 42% at Rs 326 cr in Q1 FY08!

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

MS deadline looms for Yahoo!

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

US stocks climb on financial shares,

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

Yahoo stays silent as Microsoft deadline nears

Yahoo maintained a defiant silence Friday on Microsoft's $40-billion takeover bid.
Source: Daily News & Analysis: Money News | 26 Apr 2008 | 11:12 am
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