Bharti has changed the rules of long distance communication. A 40% cut in STD and roaming charges will ensure people talk when on the move. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 5:17 pm
The brand Bisleri is in news over the controversy sorrounding Maaza and Coca Cola.In an interview, Bisleri international\'s chairman Ramesh Chauhan sets the record straight. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 5:04 pm
Wipro may be seeing more management trouble.
CNBCTV18 learns that PR Chandrasekhar, the head of Wipro\'s global sales, may have put in his papers. His resignation follows, sources say, differences over the recent management changes instituted in the company. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 3:33 pm
US Patent and Trademark Office, or PTO, has rejected Pfizer\'s application for reissue of the Lipitor patent, reports CNBCTV18. The US PTO\'s decision is in favour of Ranbaxy. The Indian pharma major plans to launch a Lipitor generic version In US from March 2010. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 2:51 pm
Mahindra Mahindra has entered into the multibrand used car business through Mahindra First Choice. It will initially invest Rs 250 crore in the company. Mahindra First Choice hopes to achieve Rs 6,000 crore turnover in 57 years. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 1:40 pm
MUMBAI (Reuters) - India's biggest consumer goods maker, Hindustan Unilever Ltd, on Monday posted a 14 percent rise in quarterly profit, lagging forecasts, as high raw-material costs weighed on strong sales of personal products.
LONDON (Reuters) - Oil hit a new record near $120 a barrel on Monday, boosted by a string of bullish factors that include big disruptions to Nigeria's output and a UK refinery strike, highlighting anxieties over threats to supply.
ISLAMABAD (Reuters) - Iran and Pakistan agreed they had settled all issues relating to plans for a $7.6 billion gas pipeline during a visit to Islamabad on Monday by Iranian President Mahmoud Ahmadinejad, Pakistan's foreign minister said.
MUMBAI (Reuters) - The Reserve Bank of India said on Monday a slew of steps taken by the government to contain price pressures in the economy should help curb inflation but risks from high oil prices remained "incipient".
Titan Industries Ltd aims an annual business of around Rs.4.5 billion ($112.5 million) in the next five years from its recently launched eyewear venture, said company managing director Bhaskar Bhat here Monday. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 11:30 am
NEW DELHI (Reuters) - Indian shares shed 0.6 percent on Monday, led by top private firm Reliance Industries and financial stocks, as investors were wary ahead of a Reserve Bank of India (RBI) monetary review on Tuesday when it may tighten policy to fight inflation.
MUMBAI (Reuters) - India's Reliance Energy Ltd on Monday reported quarterly net profit rose by nearly a third, with future growth seen driven by engineering and construction business as it builds more roads and power projects.
Anil Ambani's Reliance Power has posted a net profit of Rs.853.793 million in the last financial year. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 10:33 am
The US headquartered Laird Technologies Monday inaugurated its first offshore manufacturing facility in India. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 10:32 am
Tata Realty and Infrastructure Ltd (TRIL) Monday announced an agreement with Tamil Nadu Industrial Development Corporation (TIDCO) to jointly develop an IT special economic zone (SEZ) at a cost of Rs.30 billion (nearly $750 million) here. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 10:32 am
Bharti Airtel, India's largest mobile service operator, has reduced local, long-distance and roaming call charges effective from Wednesday. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 10:31 am
Tata Consultancy Services (TCS) has signed an eight-year IT application services contract, worth 60 million pounds,with the Britain's sole public sector water utility Scottish Water, the company said in a statement here Monday. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 10:31 am
Over 150 companies from China, Taiwan and Singapore will participate in the second edition of an annual international machinery and equipment exhibition, called Intermachinery India, here next month. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 10:30 am
DUBAI (Reuters) - Gulf Arab buyers, hit by rising prices, are shunning 22-carat gold in favour of lower quality grades of the metal for jewellery, traders said on Monday.
The Indian equities market was oscillating between negative and positive zone early Monday afternoon. The market had opened on a firm note but soon slipped into the red. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 9:31 am
Commuters in Kerala will by next month be able to track any of the 30,000 private buses that ply on the state roads either via the Internet or through mobile phones. Source: IndiaeNews.com: Business News | 28 Apr 2008 | 9:30 am
MUMBAI (Reuters) - India's rupee may test a new ten-year high of 39 per dollar in the next three months as the Reserve Bank of India lets the currency gain to offset imported inflation from record-high oil and commodity prices, UBS said on Monday.
MUMBAI (Reuters) - India's gold demand turned moderate on Monday as prices rebounded after the previous week's dip that encouraged traders to buy for the Akshaya Tritiya festival on May 7.
US Inc is bullish on India as an investment destination compared to other emerging economies. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:17 am
Bharat Heavy Electricals Ltd today secured orders worth Rs 3,368 crore from Chhattisgarh State Electricity Board for supplying and installing power equipments to its projects. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:14 am
The Indian rupee showed signs of weakness after resuming higher and was quoted at 40.13/14 against the greenback in late morning trade. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:09 am
Indian cosmetics major Karnataka Soaps & Detergents Ltd which produces the fragrant Mysore Sandal soap is planning to rejig its organisational set-up to ensure high growth. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:08 am
Taiwan is considering asking the World Trade Organization (WTO) to probe and rule on a European Union tariff on imported liquid-crystal-displays (LCDs). Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:06 am
Art is no longer a vocation. It is a full-time profession that allows artists the freedom to follow their creative instincts without counting costs. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:05 am
Indian equities market was oscillating between negative and positive zone. The market had opened on a firm note but soon slipped into the red. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:03 am
It is the turn of Indian semiconductor industry to feel the heat of US recession and dollar depreciation. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:02 am
Citic Securities, China's biggest brokerage firm, has reported a net profit of 2.522 billion yuan ($360.34 million) in the first quarter, up 101 percent year on year. Source: Daily News & Analysis: Money News | 28 Apr 2008 | 9:01 am
Motorolas manufacturing facility at Sriperumbudur, 45 km West of Chennai, was inaugurated today by the Chief Minister of Tamil Nadu, Mr M Karunanidhi. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 8:20 am
Polaris Software Labs plans to focus on tierII banks this fiscal to improve margins. The tierI story is established. We would now like to look at tierII, said Mr Arun Jain, Chief Executive Officer of the company, in a conference call with analysts. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 8:14 am
Having announced plans to expand its Vadinar refinery from 10.5 million tonnes to 34 mt by 2010, Essar Oil is scouting for acquisition of retail marketing and distribution assets abroad. Source: Moneycontrol Top Headlines | 28 Apr 2008 | 8:05 am
NEW DELHI (Reuters) - Fears of an economic slowdown, inflation and rising costs hurt business confidence of Indian firms during October-December but majority see investment picking up in coming months, a survey showed on Monday.
The national space agency is set to achieve a unique feat on Monday morning of delivering ten satellites into near-Earth orbit off a single launcher. Eight of them are tiny or ‘nano’ commercial satellites.The main passenger ... Source: Business Line - Home Page | 28 Apr 2008 | 12:00 am
We recommend a buy in Mahanagar Telephone Nigam from a short-term perspective. From the charts of Mahanagar Telephone Nigam, we see that the stock has been trending up from its 52-week low of Rs 92 (touched on March 24). The positive ... Source: Business Line - Home Page | 28 Apr 2008 | 12:00 am
Reliance Industries Ltd (RIL) is set to acquire majority stake in an oil block in Peru. The company is understood to have recently inked an agreement with Pan Andean for acquiring stake in Block 141 in Peru.Sources told ... Source: Business Line - Home Page | 28 Apr 2008 | 12:00 am
Bangkok, April 27 The US Navy’s Joint Typhoon Warning Centre (JTWC) has issued a cyclone formation alert in the Bay of Bengal even as the India Met Department announced that the prevailing low-pressure area has intensified into a ... Source: Business Line - Home Page | 28 Apr 2008 | 12:00 am
New Delhi, April 27 There’s another storm brewing over Bharat Sanchar Nigam Ltd’s controversial GSM project. Various IT equipment and billing solutions providers, including Sun Microsystems, Juniper and EMC, have written to ... Source: Business Line - Home Page | 28 Apr 2008 | 12:00 am
Kolkata, April 27 Having announced plans to expand its Vadinar refinery from 10.5 million tonnes to 34 mt by 2010, Essar Oil is scouting for acquisition of retail marketing and distribution assets abroad.“To find a permanent home ... Source: Business Line - Home Page | 28 Apr 2008 | 12:00 am
The rise in raw material costs has caused a 10 per cent increase in the retail prices of fast-moving consumer goods as companies are passing on the rise in costs. Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 6:46 pm
Even as a heated debate goes on in the corridors of power and academic circles on the impact of large retail chains on small shops, in one sector it is clear that the big players are close to biting dust. Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 6:43 pm
Early birds post better profit growth than the preceding two quarters. ??Seven companies have helped corporate India improve its average performance in the quarter ended March 2008, compared to the two preceding quarters. Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 6:42 pm
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. Source: Business Standard | Front Page Headlines | 27 Apr 2008 | 6:09 pm
