Century Textiles plans to develop a Mumbai mill for hospitality services, IT, and ITeS, reports CNBCTV18. It will commence construction at the Mumbai mill only after getting all approvals. Source: Moneycontrol Top Headlines | 5 May 2008 | 3:00 pm
African telecom giant, MTN\'s board is meeting today in Johannesburg to discuss a possible stake sale. The company\'s board hasn\'t invited bids yet. The management said the firm has not received any specific proposal. Sources said the board might take a call on inviting bids. Source: Moneycontrol Top Headlines | 5 May 2008 | 1:56 pm
RR Vederah, Joint MD, Ballarpur Industries and President of India Paper Manufacturing Association said coated paper prices will be hiked by Rs 2,500/tonne from tomorrow. EBITDA margins will increase by 75 bps on price hike, he stated. Vederah expects revenue to increase by Rs 28 crore on price hike. Source: Moneycontrol Top Headlines | 5 May 2008 | 12:59 pm
FRANKFURT (Reuters) - Shares in Yahoo Inc fell almost 20 percent in Frankfurt on Monday after Microsoft Corp walked away from its bid for the Internet company.
MUMBAI (Reuters) - Research, development and IT services firm MindTree Ltd sees its latest buy, Aztecsoft, adding muscle to bid for bigger contracts, a senior official said on Monday.
Pharma major GlaxoSmithKline (GSK) has bagged a deal to sell Japan based Astellas Pharma Inc's popular injectible anti-fungal agent Micafungin in India. Source: IndiaeNews.com: Business News | 5 May 2008 | 9:33 am
Mumbai based Edelweiss Capital Limited, a financial services company, Monday said it had received approval from the market regulator Securities Exchange Board of India to start its mutual fund business. Source: IndiaeNews.com: Business News | 5 May 2008 | 9:31 am
MANILA (Reuters) - The Philippines scrapped its largest rice tender of the year on Monday and said it preferred to hold back importing until prices fall, sending a signal to world grain markets that rice prices might have peaked.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, bounced back in early afternoon trade Monday and moved to positive zone on the back of sustained buying in realty and capital goods stocks. The market had opened in the green and but slipped into the red in early trade. Source: IndiaeNews.com: Business News | 5 May 2008 | 8:31 am
Corporation Bank is looking to offer investment banking and related services through its wholly owned subsidiary CorpBank Securities Ltd. Source: Moneycontrol Top Headlines | 5 May 2008 | 8:31 am
MUMBAI (Reuters) - Shares in Mahindra & Mahindra Ltd, India's top utility vehicle maker, fell more than 2 percent on Monday on its fund-raising plans, but analysts said the slide was likely to be short-lived.
Empee Distilleries Ltd plans to enter the brewery business for which it is in discussions with international brands, according to Mr Shaji Purushothaman, Managing Director, Empee Distilleries Ltd. For the company, this will be a second foray into the brewery business, which it exited a few years back. Source: Moneycontrol Top Headlines | 5 May 2008 | 8:29 am
PepsiCo India is hoping to procure 5,500 tonnes of barley grown in Rajasthan at the end of this season, turning profitable the contract farming initiative it has undertaken for UB group. Source: Moneycontrol Top Headlines | 5 May 2008 | 8:26 am
Is recession good or bad for the business process outsourcing sector? Probably both! Recession in US seems to be a mixed bag for Indian BPO vendors. Source: Moneycontrol Top Headlines | 5 May 2008 | 8:23 am
KARACHI (Reuters) - Pakistan, the world's fifth largest rice exporter, has imposed a minimum export price to increase earnings and withheld some cargoes destined abroad in order to build a domestic strategic reserve, a senior trade official said on Monday.
KOLKATA, India (Reuters) - Malaysia's top mobile phone firm, Maxis Communications, plans to invest $4-5 billion by 2009/10 to expand its network in India, its chief executive said on Monday.
Engineering and construction major Larsen and amp; Toubro Limited (L and amp;T) has bagged orders worth Rs.3.44 billion from the Power Grid Corporation of India for the construction of transmission lines in Maharashtra. Source: IndiaeNews.com: Business News | 5 May 2008 | 8:03 am
The Indian equities markets, which opened in the green Monday, soon slipped into the red due to selling pressure in metal, IT and oil and gas sectors. Source: IndiaeNews.com: Business News | 5 May 2008 | 6:01 am
Well-earning young professionals with a grungy lifestyle and seeking a place to unwind would soon be able to own a studio apartment in this eastern metropolis. Source: IndiaeNews.com: Business News | 5 May 2008 | 6:01 am
NEW YORK (Reuters) - Yahoo Inc likely faces a flood of shareholder lawsuits for rejecting a $47.5 billion takeover bid from Microsoft Corp, even if investors find holding the company responsible to be an uphill battle.
SINGAPORE (Reuters) - Gold rebounded on Monday as bargain hunters snapped up bullion after a fall to a four-month low last week, but trading was thin in the absence of Japanese speculators.
NEW YORK/SAN FRANCISCO (Reuters) - Yahoo Inc faced growing pressure on Sunday to find an alternative strategy to Microsoft Corp's $47.5 billion takeover offer after the software maker walked away over a disagreement on price.
We recommend a buy in JK Tyre and Industries from a short-term perspective. The stock has been on a medium-term uptrend from its 52-week low of Rs 104 (touched on March 24, 2008). During this up move, the stock crossed over the 21- and 50-day ... Source: Business Line - Home Page | 5 May 2008 | 12:00 am
New Delhi, May 4 The ban on surrogate advertisements on television has put liquor companies in a bind. While a slew of companies have even put their plans to bring in premium brands to the country on hold, waiting for a breather from ... Source: Business Line - Home Page | 5 May 2008 | 12:00 am
Thiruvananthapuram, May 4 A vast stretch of ocean waters from the west-central Pacific, the South China Sea and the Bay of Bengal is humming in anticipation of a chain of unsettled weather events linking each to the other. The chain ... Source: Business Line - Home Page | 5 May 2008 | 12:00 am
After the US Federal Reserve started cutting interest rates in September last year, the greenback fell sharply. The euro and the yen in particular gained as a result. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:43 pm
The Reserve Bank of India (RBI) surprised the market on the positive side by maintaining status quo on benchmark rates in its annual monetary policy for 2008-09 on Tuesday. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:42 pm
The overuse of the word 'life' in product baselines is the testimony to brands' evolving relevance and clichés in advertising. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:41 pm
Challenging its global rival Samsung LG officials announced that it intends to become the number one player in the LCD and plasma segments in India by 2009. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:39 pm
Have you ever been denied a bank loan or credit card on the pretext that you have a bad credit record? Source: Daily News & Analysis: Money News | 4 May 2008 | 10:20 pm
Buying gold from a bank this Akshaya Tritiya (May 7)? Well, you'd better shop around, or you'll end up paying more. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:19 pm
Allaying fears of mom & pop store owners, a study by Icrier has found that the unorganised sector will retain around 84% of the retail market till the year 2013. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:19 pm
The Securities and Exchange Board of India, under the new chairman, has sharper teeth. It bites more than it barks. Ask the merchant bankers. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:18 pm
The government last week abolished customs duty on pig iron and mild steel items as well as metcoke, while imposing a 5-15% export duty on steel products. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:17 pm
Malaysian car maker Proton's now-on, now-off India strategy is yet again being fine-tuned. Source: Daily News & Analysis: Money News | 4 May 2008 | 10:17 pm
State-owned Air-India dominated the West Asian travel market for Indian overseas workers for decades with a 51 per cent market share. Source: Business Standard | Front Page Headlines | 4 May 2008 | 6:51 pm
In a shift that will make statistical comparisons easier and eliminate ambiguities in data, India is moving key macro-economic indicators to a common base year of 2004-05. Source: Business Standard | Front Page Headlines | 4 May 2008 | 6:50 pm
Hyderabad-based GMR group, in association with two others, received a 20-year licence to operate the airport in the Turkish capital and agreed to reduce the duration for building the terminal from the agree time of 30 months to 18 months. Source: Business Standard | Front Page Headlines | 4 May 2008 | 6:49 pm
Rising global demand for bio-fuels also a culprit. ??US President George W Bush and his Secretary of State Condoleezza Rice may have their numbers wrong when they accuse China and India of contributing to the global food crisis as a result of growing prosperity-led consumption. Source: Business Standard | Front Page Headlines | 4 May 2008 | 6:47 pm
Though he was there to release a book on management, well-known Hindi film lyricist and poet Javed Akhtar gave in to the request of the audience and recited some of his poems here Sunday. Source: IndiaeNews.com: Business News | 4 May 2008 | 6:31 pm
In a dressing down to Madhya Pradesh - which complains that the central government is discriminating against it, the union power ministry has told the state to stop overdrawing and clear dues worth Rs.2.98 billion ($74.5 million) or face disconnection from the power grid. Source: IndiaeNews.com: Business News | 4 May 2008 | 1:30 pm
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
