Mahindra Life Spaces concluded its Board meet and it was the first time that MM has raised money through preferential allotment. Source: Moneycontrol Top Headlines | 3 May 2008 | 2:30 pm
FRANKFURT (Reuters) - European aircraft maker Airbus may run into further problems on selling some of its factory sites and be forced to delay some deliveries on its A380 superjumbo, according to German media reports.
FRANKFURT (Reuters) - Boeing Co. has informed customers of another delay on its new 787 Dreamliner model, pushing it to 27 months behind schedule, according to a German newspaper report.
MADRID (Reuters) - The Asian Development Bank called on Saturday for immediate action from global governments to combat soaring food prices and pledged fresh financial aid to help feed the Asia Pacific region's poorest nations.
NUSA DUA, Indonesia (Reuters) - India is close to clinching a free trade deal with Southeast Asian nations, spurred on by a bleak global economic outlook and rising food prices, the country's trade minister said on Saturday.
India's leading multi utility vehicle maker Mahindra and Mahindra will raise additional resources through issuance of fully and compulsory convertible debentures to Golboot Holdings Limited, an entity controlled by Goldman Sachs. Source: IndiaeNews.com: Business News | 3 May 2008 | 11:01 am
TUNIS (Reuters) - The African Development Bank (AfDB), the only multilateral development body specifically devoted to Africa, will add $1 billion to its portfolio of agricultural loans to help address the food crisis in African countries, the bank said on Saturday.
MUMBAI (Reuters) - Mahindra & Mahindra Ltd, India's top utility vehicle maker, said on Saturday it plans to raise 7 billion rupees ($172 million) for funding its auto and tractor businesses.
Inflation to fall in three months, says C Rangarajan Hindu Business Line - 2 hours ago MUMBAI: Inflation is expected to reduce to 6 per cent in the next three months from the present high-level of over 7.5 per cent, while the country's economy is expected to grow at 8-8.5 per cent despite the global turbulence, a senior government ...
A major fire Saturday destroyed Asia's largest red chilli market in Andhra Pradesh's Guntur town, about 300 km from here. Clouds of acrid smoke enveloped neighbourhoods over a kilometre downwind. Source: IndiaeNews.com: Business News | 3 May 2008 | 10:00 am
India will begin its heaviest airlifting operations Sunday to transport five mega transformers to Kabul as part of its attempt to provide electricity to the Afghan capital. Source: IndiaeNews.com: Business News | 3 May 2008 | 9:31 am
BEML Ltd has launched its Chinese base to source lowcost components as well as to market its own equipment in the region. Source: Moneycontrol Top Headlines | 3 May 2008 | 8:32 am
A major fire swept through Asia's largest red chilli market in Guntur town of Andhra Pradesh Saturday, destroying hundreds of shops and thousands of bags of chilli, police said. Source: IndiaeNews.com: Business News | 3 May 2008 | 8:30 am
The New Superb, the successor of Skodas luxury model the Superb, will be launched in India next year. Its part of Skoda Indias strategy to strengthen its presence in the luxury Dplus segment, which is. currently dominated by Mercedes Benz, BMW and Audi. Source: Moneycontrol Top Headlines | 3 May 2008 | 8:26 am
Mahindra Tractors is launching a slew of new models, including variants that can be run on alternative fuels such as CNG and LPG. Source: Moneycontrol Top Headlines | 3 May 2008 | 8:16 am
NUSA DUA, Indonesia (Reuters) - Southeast Asia nations meeting in Bali have agreed to cooperate over the rice market, Malaysia's trade minister said on Saturday, as rocketing prices shock a region where the grain is a core part of most meals.
RenaultNissan expects to source 300 million (approximately Rs 1,890 crore) worth of auto components from the domestic market for its passenger car business in Europe, over the next two years. Source: Moneycontrol Top Headlines | 3 May 2008 | 8:07 am
The Indian equities market continued their rally during the week ended Friday and posted gains on the back of continued good corporate results from bluechip companies and strong global cues. Source: IndiaeNews.com: Business News | 3 May 2008 | 7:01 am
Through a multi-pronged approach, five-year-old Tamil radio station Suryan FM is now reaching out to youth. Suryan FM is the first radio station of Sun TV Network Ltd, which is expanding its FM radio footprint across the country - it launched nine stations last month. Source: IndiaeNews.com: Business News | 3 May 2008 | 5:00 am
Gujarat is poised to become a major auto export hub in the country with several vehicle manufacturers coming to the state to invest in its ports to set up automobile-handling terminals. Source: IndiaeNews.com: Business News | 3 May 2008 | 5:00 am
Police have been deployed in Orissa's leading industrial hub in Jajpur district after hundreds of tribals blocked a road to protest the killing of an activist of the Visthapan Virodhi Jana Manch (VVJM), an anti land acquisition group. Source: IndiaeNews.com: Business News | 3 May 2008 | 5:00 am
With the youth and connoisseurs showing greater inclination towards it, wine could soon emerge among one of the preferred beverages in the country. Already, it is being touted as a ‘fashion drink’, good for the health and is ... Source: Business Line - Home Page | 3 May 2008 | 12:00 am
The $200 a tonne (Rs 8,000 a tonne) cess on basmati rice exports imposed by the Finance Ministry is likely to affect shipments from the country, which is a major origin of the aromatic long grain rice.According to the President of All ... Source: Business Line - Home Page | 3 May 2008 | 12:00 am
Wheat procurement this year has exceeded the Centre’s target of 150 lakh tonnes (lt) within a month of the crop arrival this year.An official statement said the total procurement by various government agencies as on May 1 was ... Source: Business Line - Home Page | 3 May 2008 | 12:00 am
Mumbai, May 2 The Government’s measures to keep cement prices under check seem to have had a cascading effect on companies’ price realisations.Industry majors – ACC, Ambuja Cement and UltraTech – have reported a ... Source: Business Line - Home Page | 3 May 2008 | 12:00 am
The Markets opened the week on a flat note at 17,251.56 on Monday. During the course of the week Fed's decision to slash interest rates by 25 basis points, and pause on future rate cuts sent the US markets on a roller-coaster ride, but finally ... Source: Business Line - Home Page | 3 May 2008 | 12:00 am
BOSTON/NEW YORK (Reuters) - Microsoft Corp and Yahoo Inc are making last-minute efforts to seal a deal before Microsoft takes its Yahoo bid hostile or abandons it altogether, sources familiar with the matter said on Friday.
Michael Boneham does not give much away. The new president and MD of Ford India is coming in at a time, when the American automaker has already announced big plans for India. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:15 pm
The joint venture - Iffco Kisan Sanchar Ltd - will contribute towards Bharat Nirman, Iffco managing director U S Awasthi said at a conference here. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:13 pm
Parsvnath Developers said it will develop a luxury mall complex in Connaught Place in Delhi to cater to the burgeoning demands of luxury conscious Delhi consumers. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:12 pm
State Bank of India will be undertaking an elaborate exercise of restructuring SBI Cards, its standalone credit-card business, shortly. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:08 pm
State Bank of India posted a better-than-expected 26% rise in quarterly net profit as access to low-cost funds helped cushion tighter margins. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:06 pm
Bangalore-based information technology firm MindTree Ltd said it will acquire 32.6% stake in Aztecsoft, another Bangalore company, at Rs 80 per share. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:05 pm
In a major relief to Tata Steel, the Supreme Court approved the prospecting licence for mining in about 2,500 hectares of Bailadila block in Chhattisgarh for its steel plant. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:04 pm
Adani Power has sought to raise about Rs 5,500 crore through an initial public offering to part fund its upcoming power projects. Source: Daily News & Analysis: Money News | 2 May 2008 | 10:02 pm
Dias, who was recently elevated as chief creative officer of JWT, one of the largest advertising agencies in India, has overseen transformations at two agencies in his career. Source: Daily News & Analysis: Money News | 2 May 2008 | 9:56 pm
NEW YORK (Reuters) - Wall Street could extend gains next week if financial results from market bellwethers such as Cisco Systems Inc and data suggest the U.S economic slowdown isn't as dire as once feared.
DETROIT (Reuters) - Toyota Motor Corp is recalling 90,000 model year 2008 Highlander and Highlander hybrid sport utility vehicles due to potential problems with securing child safety seats in third row seats.
After the battle for Hutch, the telecom sector could be all set for its next big encounter. The buzz is that Sunil Mittal owned Bharti Airtel and Anil Ambani owned Reliance Communications are both eyeing a controlling stake in African telecom major MTN. CNBCTV18 finds out if there is fire beneath the smoke. Source: Moneycontrol Top Headlines | 2 May 2008 | 8:46 pm
RIL has signed a Letter of Intent (LoI) with Nova Chem for a construction JV. It will hold 51% in the JV, reports CNBCTV18 quoting Newswire 18. RIL and Nova Chem JV will to start operations by building Reliance Retail outlets. Source: Moneycontrol Top Headlines | 2 May 2008 | 8:25 pm
Citigroup\'s nonbanking finance arm is facing considerable pressure. CNBCTV18 learns that Citi Fin has incurred a loss of Rs 500600 cr last year, which is forcing the bank to reposition and rethink its strategy. This means that Citigroup may be looking for buyers for parts of its consumer finance business. It may be difficult to find buyers. Source: Moneycontrol Top Headlines | 2 May 2008 | 8:07 pm
Citigroup CEO Vikram Pandit may be heading the world\'s largest bank but that does not guarantee him the fattest paycheck. Pandit, who recieved a paypacket of USD 250,000 for 2007 finds himself at number 495 of the Forbes\' CEO salary list for America\'s 500 biggest firms. Source: Moneycontrol Top Headlines | 2 May 2008 | 7:48 pm
RBI is continuing to suck out liquidity from the system. It plans to sell treasury bills worth Rs 3,500 crore this week. This includes Rs 2,500 crore bond auction through the market stabilisation scheme or MSS window. Source: Moneycontrol Top Headlines | 2 May 2008 | 7:43 pm
The Ferrari of bikes, Bologna (Italy) -based Ducati is expected to launch five superbikes ? motorcycles with engines of more than 800 cc ? in India on May 7. Source: Business Standard | Front Page Headlines | 2 May 2008 | 6:47 pm
More steps expected to cool commodity prices. ??Rising prices of staples like vegetables, rice and milk as well as manufactured goods like steel have contributed significantly to the latest surge in the wholesale price index-based annual rate of inflation at 7.57 per cent for the week ended April 19, the highest in 42 months. Source: Business Standard | Front Page Headlines | 2 May 2008 | 6:46 pm
Beating analyst estimates, State Bank of India (SBI) today reported a 26.12 per cent increase in fourth quarter profits to Rs 1,883.23 crore, compared to Rs 1,493.19 crore during January-March 2006-07. Source: Business Standard | Front Page Headlines | 2 May 2008 | 6:45 pm
Jet Airways thinks there is plenty of operational synergy between its low-cost airline JetLite and SpiceJet. Source: Business Standard | Front Page Headlines | 2 May 2008 | 6:44 pm
At a time when it is getting tougher to get rights to oil blocks overseas, India has managed to secure a commitment for a 23 per cent stake in Russia's Sakhalin III project located in the Russian far east. Source: Business Standard | Front Page Headlines | 2 May 2008 | 6:43 pm
The merger of the State Bank of India (SBI) and the State Bank of Saurashtra (SBS) is awaiting the final approval from the finance ministry, SBI chairman O.P. Bhatt has said. Source: IndiaeNews.com: Business News | 2 May 2008 | 4:30 pm
Kolkata is all set to get a hospital fully dedicated to ENT (ear-nose-throat) problems by the end of this month. Source: IndiaeNews.com: Business News | 2 May 2008 | 4:00 pm
prices retreated further Friday from the early week record near USD 120 a barrel as a strengthening US dollar prompted investors to exit the market. Source: Zee News : Business | 2 May 2008 | 1:02 pm
