MTN, on Monday had said that they are in exploratory talks with BhartiAirtel and no reference was made to a situation where they were looking at inviting bids for whatever stake was up on the block. China Mobile has said that even though they are looking at having a presence in Africa, they are not interested in picking up a stake in MTN. Source: Moneycontrol Top Headlines | 8 May 2008 | 4:40 pm
Hardeep Singh Bedi, MD of Tulip IT Services that they are looking at acquiring the inorganic growth in the US and Europe. We have identified some countries and we have given mandates and we are trying to see if any of these companies meet our requirements,\" he told CNBCTV18. Source: Moneycontrol Top Headlines | 8 May 2008 | 3:31 pm
Keeping focus on ethanol right now SP Tulsian of sptulsian.com and M Manickam, MD of Sakthi Sugars, who suggests that we need to produce less sugar and produce more alcohol. Tulsian estimates that the season of 200809 will have a sugar production of 21 million tonne. That will give a production of about 200 crore litre of ethanol. Source: Moneycontrol Top Headlines | 8 May 2008 | 2:22 pm
Spice Jet estimates that it is likely to breakeven this fiscal, even at the current crude prices, reports CNBCTV18. The company says that it has a costcutting plan in place, which is being implemented. SpiceJet has said that its cost increase is being passed on and yields are up by 3540%. Source: Moneycontrol Top Headlines | 8 May 2008 | 2:19 pm
J Mehra of Essar Group said that the company\'s margins would suffer owing to the price cut. He agrees with the government on its concern for the rising inflation, although he does not believe that the steel prices is the major cause of inflation. Source: Moneycontrol Top Headlines | 8 May 2008 | 2:17 pm
The Commerce Ministry said cement companies will meet the government in 23 days on ways to curb price, reports CNBCTV18. It also stated that cement prices have stabilised and the government\'s fiscal measures will bring inflation down by 1% in 68 weeks. Source: Moneycontrol Top Headlines | 8 May 2008 | 1:07 pm
Indian equities markets opened in the red Thursday, thanks to a fresh high in international crude oil prices. Oil touched $122 a barrel on Wednesday. Source: Daily News & Analysis: Money News | 8 May 2008 | 11:48 am
NEW DELHI (Reuters) - Heavy engineering firm Walchandnagar Industries Ltd has finalised a technology transfer deal with U.S. based Foster Wheeler, to manufacture high pressure boilers for use in electrical utilities, a senior official said on Thursday. "We have already got two orders for such boilers, they will be put into commission in 14 months," G.S. Prakash, president of the sugar and boilers division, told Reuters on the sidelines of an industry summit.
NEW DELHI (Reuters) - Indian shares fell 1.5 percent on Thursday to its lowest close in more than a week as losses in foreign markets and record high oil prices heightened concerns about inflation.
LONDON (Reuters) - Oil steadied on Thursday within sight of a record high near $124 a barrel as the dollar's rise against the euro reduced the appeal of the commodity as a hedge against inflation.
The city-based Toonz Animation India Ltd, one of the premier animation studios in Asia, has been short-listed for the Global Tech Showcase 2008 (GTS-2008), an international business event that will be held in La Brule, France, in June this year. Source: IndiaeNews.com: Business News | 8 May 2008 | 11:31 am
Mumbai-based I-Flex Solutions announced Thursday that it would provide technology solutions to Bahrain's TAIB Bank. Source: IndiaeNews.com: Business News | 8 May 2008 | 11:31 am
MUMBAI (Reuters) - Software services firm 3i Infotech Ltd said on Thursday it has acquired 26 percent stake in Hyderabad-based IT infrastructure services firm Locuz Enterprise Solutions Ltd, for an undisclosed firm.
J J Irani, Director Of Tata Sons and FormerChairman of Indian Steel Alliance feels that steel prices are going up due to unprecedented rise in input prices. A strong international cartel of raw material suppliers is causing high input prices, he said. Steel companies have committed to price cut for three months. Source: Moneycontrol Top Headlines | 8 May 2008 | 11:14 am
Software exporter Tata Consultancy Services has renewed its IT management services contract with global airlines firm Virgin Atlantic Airways till 2011. Source: Daily News & Analysis: Money News | 8 May 2008 | 11:14 am
Subodh Bhargava, Chairman of Tata Communications said there is a possibility of Government considering a residual stake sale today. But the Telecom Ministry has reverted back on the news saying there\'s no question of selling 26%residual stake in Tata Communications. Source: Moneycontrol Top Headlines | 8 May 2008 | 11:12 am
French defence and aerospace major Thales and the city-based Samtel group Wednesday announced a joint venture to design, manufacture and sell avionics systems in the Indian market. Source: IndiaeNews.com: Business News | 8 May 2008 | 11:03 am
Inflation, currently at over 7.5 percent, should ease in the next two months as steps are being taken to bring down prices, the government assured Thursday. Source: IndiaeNews.com: Business News | 8 May 2008 | 11:02 am
Telecom major Airtel Thursday said it had crossed the five million subscriber base mark in three northern states of Punjab, Haryana and Himachal Pradesh. Source: IndiaeNews.com: Business News | 8 May 2008 | 11:02 am
The work on a Rs.35 billion industrial park, including a luxury bus building unit of the Britain-based Caparo group of Lord Swraj Paul, began Thursday in Andhra Pradesh's Nellore district. Source: IndiaeNews.com: Business News | 8 May 2008 | 11:00 am
NEW DELHI (Reuters) - India expects inflation rate to decline by a percentage point to 6.4-6.6 percent in 6-8 weeks from a three-year high in mid April as fiscal and monetary steps kicks in, Junior Industry Minister Ashwani Kumar said on Thursday.
The Indian equities market continued to tumble Thursday afternoon with no sign of recovery. All indices were trading in the red. Source: IndiaeNews.com: Business News | 8 May 2008 | 10:35 am
Nano, Tatas' small car with a price tag of just $2,500, is already being viewed as a threat to the North America auto market even before its launch in India. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:12 am
Indian parliamentarians want private airport developers to install the latest scanning machines so that passengers are not subjected to the 'unpleasant' and 'often embarrassing' ordeal of physical frisking. Source: IndiaeNews.com: Business News | 8 May 2008 | 10:10 am
Tata Tea acquired 32 percent in Mount Everest, and added the \"Himalayan\" natural mineral water brand to its beverage portfolio nearly one year ago. Now, the company has relaunched the Himalayan brand. Source: Moneycontrol Top Headlines | 8 May 2008 | 9:52 am
JAKARTA (Reuters) - Microsoft has no plans to make another approach for Yahoo Inc after it pulled its $47.5 billion bid earlier this month, Microsoft's Chief Research and Strategy Officer Craig Mundie said on Thursday.
MUMBAI (Reuters) - India's textile exports may cross $40 billion in 2010/11, short of the government's stated target of $50 billion, weighed down by the rise in rupee over the past year, ShankerSinh Vaghela, Union Minister of Textiles said.
MUMBAI (Reuters) - India's gold demand remained modest overall on Thursday, with some retail sales for Akshaya Tritiya festival making up for little wholesale demand, dealers said.
SHILLONG, India (Reuters) - The weakening of rupee against the dollar is due to global uncertainties, which the central bank flagged in its policy review last month, Reserve Bank of India Governor Y.V. Reddy said on Thursday.
Crude prices leapt to a new record above USD 123 a barrel. Prices surged after a report showed that US worker productivity has accelerated, signaling stronger economic growth and an increase in energy demand. In after hours access trading, crude is at USD123.61/bbl. Source: Moneycontrol Top Headlines | 8 May 2008 | 9:01 am
IT services provider, Patni Computer Systems, today said that it has partnered with Schindler for development, enhancement and testing services for the latter's double-deck elevator. Source: Daily News & Analysis: Money News | 8 May 2008 | 8:08 am
The Indian equities markets, which opened in the red Thursday, soon slipped sharply with selling pressure all around, especially in IT, banking, realty, capital goods, public sector undertakings, metals and the oil and gas sectors. Source: Daily News & Analysis: Money News | 8 May 2008 | 7:20 am
Continuing its downward trend for the fourth session, the Bombay Stock Exchange benchmark Sensex today fell by over 152 points in early trade on selling by funds, tracking global markets. Source: Daily News & Analysis: Money News | 8 May 2008 | 7:11 am
Indian equities markets opened in the red Thursday, thanks to a fresh high in international crude oil prices. Oil touched $122 a barrel Wednesday. Source: IndiaeNews.com: Business News | 8 May 2008 | 5:30 am
The Indian equities markets, which opened in the red Thursday, soon slipped sharply with selling pressure all around, especially in IT, banking, realty, capital goods, public sector undertakings, metals and the oil and gas sectors. Source: IndiaeNews.com: Business News | 8 May 2008 | 5:30 am
Thiruvananthapuram, May 7 Medium-range weather forecasts from the Ministry of Earth Sciences have officially put the southeast Bay of Bengal under watch for an evolving cyclonic circulation by Sunday (May 11) to confirm similar outlook ... Source: Business Line - Home Page | 8 May 2008 | 12:00 am
Bangalore, May 7 The rush for gold that one encountered during the Akshaya Tritiya period has been missing this year. With still a day to go, Akshaya Tritiya had a modest start with walk-ins being lukewarm till Wednesday evening (Akshaya ... Source: Business Line - Home Page | 8 May 2008 | 12:00 am
After seeing record growth from 2005 to 2007 - 31.77% and 30.29% respectively - they have set their sights on a less ambitious 20-22% loan growth target for 2008-09. Source: Daily News & Analysis: Money News | 7 May 2008 | 10:45 pm
London-based Caparo Group is set to kick off work on a Rs 3,500 crore automotive and aerospace park in the Nellore district of Andhra Pradesh. Source: Daily News & Analysis: Money News | 7 May 2008 | 10:37 pm
Bharti Airtel and South Africa's leading telecom player MTN appear to be inching closer to a deal, according to investment banking sources. Source: Daily News & Analysis: Money News | 7 May 2008 | 10:37 pm
JSW group has signed a multi-million-dollar deal with Japanese major Toshiba Corp for setting up a manufacturing facility for supercritical steam turbines and generators. Source: Daily News & Analysis: Money News | 7 May 2008 | 10:36 pm
On may 1st applications closed for the first intake of a novel kind of executive-education programme. Set up by a bunch of venture-capital firms and other companies in New England, the three-month course will teach its "fellows" about renewable energy.
The words of the novelist E. M. Forster sum up globalisation. An international company may buy its software from California, send its data to India, purchase its electronic equipment from China and staff its canteen with workers from eastern Europe.
On may 1st applications closed for the first intake of a novel kind of executive-education programme. Set up by a bunch of venture-capital firms and other companies in New England, the three-month course will teach its "fellows" about renewable energy.
A year is a short time to achieve much in politics, but Nicolas Sarkozy, who was elected president of France 12 months ago, led the world to expect quick results. He set ambitious goals for how fast he would put France back to work.
A year is a short time to achieve much in politics, but Nicolas Sarkozy, who was elected president of France 12 months ago, led the world to expect quick results. He set ambitious goals for how fast he would put France back to work.
The words of the novelist E. M. Forster sum up globalisation. An international company may buy its software from California, send its data to India, purchase its electronic equipment from China and staff its canteen with workers from eastern Europe.
The proposal of Essar Power Ltd to operate as a holding company and to infuse up to $2 billion as foreign equity in the company for undertaking various downstream projects including power, coal mining is coming up for the approval of the CCEA.
How about helping Bappi Lahiri in recovering gold jewellery, or playing Bipasha in challenging the worlds' best to an adrenaline-pumping jet-ski ride across exotic circuits?
The US has said the outcome of the crucial stage of the Doha Round talks of the World Trade Organisation depends on the readiness of emerging markets like India, China and Brazil to make commitments on opening their markets.
The proposal of Essar Power Ltd to operate as a holding company and to infuse up to $2 billion as foreign equity in the company for undertaking various downstream projects including power, coal mining is coming up for the approval of the CCEA.
The US has said the outcome of the crucial stage of the Doha Round talks of the World Trade Organisation depends on the readiness of emerging markets like India, China and Brazil to make commitments on opening their markets.
How about helping Bappi Lahiri in recovering gold jewellery, or playing Bipasha in challenging the worlds' best to an adrenaline-pumping jet-ski ride across exotic circuits?
Proceeds to be spent on social sector schemes. ??The government is planning to divest its residual 26.12 per cent equity in the Tata-owned Videsh Sanchar Nigam Ltd (VSNL), now called Tata Communications. Source: Business Standard | Front Page Headlines | 7 May 2008 | 6:36 pm
Bowing to continuous government pressure, the steel industry today agreed to cut prices by Rs 4,000 a tonne on flat products, used in consumer durables and automobiles, and Rs 2,000 a tonne on long products, used in construction, with immediate effect. Source: Business Standard | Front Page Headlines | 7 May 2008 | 6:35 pm
