LONDON (Reuters) - British Prime Minister Gordon Brown called on Sunday for international pressure on oil producers' group OPEC to bring oil prices down.
LONDON (Reuters) - India's high inflation is a cause for concern and the government is doing its best to manage rising price expectations, Finance Secretary D. Subba Rao said on Sunday.
Allahabad Bank - one of the oldest joint stock banks in India that started operations in 1865 - posted a net profit of nearly Rs.1.7 billion for 2007-08 compared to Rs.1.25 billion of the previous fiscal, according to bank officials. Source: IndiaeNews.com: Business News | 4 May 2008 | 9:32 am
JAKARTA (Reuters) - India's Tata Steel wants to buy a stake in PT Krakatau Steel, Indonesia's state steel firm, and will meet for talks with Indonesia's industry minister in the next few days, a ministry official said on Sunday.
MADRID (Reuters) - East Asian finance ministers are set on Sunday to agree an upgrade to an $80 billion currency swap scheme to fight regional financial crises, a deal taking them a step closer to creating a full scale Asian monetary fund.
NUSA DUA, Indonesia (Reuters) - Soaring food prices could encourage nations to remove barriers on food imports, but there is also a risk panic over food could hurt global trade, U.S. Trade Representative Susan Schwab told Reuters on Sunday.
NUSA DUA, Indonesia (Reuters) - Efforts by Southeast Asian nations to safeguard rice exports, while boosting output over the longer term, would help stablise soaring global prices, Indonesian Trade Minister Mari Pangestu said on Sunday.
With prices rising relentlessly at the rate of over seven percent per annum, the United Progressive Alliance (UPA) government led by Prime Minister Manmohan Singh seems to have been gripped with an air of quiet desperation. Source: IndiaeNews.com: Business News | 4 May 2008 | 8:02 am
With flights to India driving its growth, Nordic carrier Finnair is adding one more flight to India in June, even as it awaits permission from the government to add more destinations in addition to Mumbai and Delhi. Source: IndiaeNews.com: Business News | 4 May 2008 | 8:00 am
NEW YORK (Reuters) - Yahoo Inc held fast to its position on Saturday that Microsoft Corp was offering too little to buy the company, and said it was pleased so many of its shareholders agreed with its determination.
Government-owned infrastructure and logistics consultancy major Rail India Technical and Economic Services Ltd (RITES), which has a sizeable presence in Africa, is likely to hit the capital market for an IPO in the second quarter. Source: IndiaeNews.com: Business News | 4 May 2008 | 6:31 am
Over a thousand delegates from around the world will take part in the first ever food exhibition in the country, which opens here Tuesday. Source: IndiaeNews.com: Business News | 4 May 2008 | 6:00 am
SAN FRANCISCO (Reuters) - Microsoft Corp walked away from its bid to buy Yahoo Inc on Saturday after the Internet company turned down its offer to raise the price by $5 billion to $47.5 billion.
The Reserve Bank of India (RBI) will launch an IndiaPay credit card - an Indian version of the China UnionPay card - by the end of next year. Source: IndiaeNews.com: Business News | 4 May 2008 | 5:00 am
Three upcoming PSU refineries, units coming under the STPI scheme and 100 per cent export-oriented units were some of the beneficiaries of the amendments moved by the Finance Minister, Mr P. Chidambaram, to the Finance Bill 2008 in the Lok ... Source: Business Line - Home Page | 4 May 2008 | 12:00 am
The board of directors of ONGC today approved investment proposals worth Rs 3,570.60 crore, of which Rs 1,804 crore is for the development of four oil fields in Barmer (Rajasthan). Source: Business Standard | Front Page Headlines | 3 May 2008 | 11:23 pm
Automobile manufacturer Mahindra & Mahindra (M&M) will sell a 3.68 per cent stake to a unit of the Goldman Sachs Group to expand its automobile and tractor business. Source: Business Standard | Front Page Headlines | 3 May 2008 | 11:21 pm
Tata Steel, which last year won the bidding war with Brazilian miner and steelmaker CSN for the $12 billion acquisition of Corus, is now eyeing CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company. Source: Business Standard | Front Page Headlines | 3 May 2008 | 11:20 pm
The roads may be terrible and the traffic jams frustrating, but Indians have taken enthusiastically to fast, luxury cars. Source: Daily News & Analysis: Money News | 3 May 2008 | 9:54 pm
The soaring inflation that has badly hit the country's economy will be brought under under six percent within the next three months C. Rangarajan said. Source: Daily News & Analysis: Money News | 3 May 2008 | 4:42 pm
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
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
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
