A slowdown in the Indian real estate market meant that DLF Assets, Unitech and IndiaBulls had postponed listing their real estate investment trusts or REITs in Singapore. While Unitech hasnt changed its mind, Indiabulls and DLF Assets have, reports CNBCTV18. Source: Moneycontrol Top Headlines | 9 May 2008 | 6:07 pm
Hit hard by the subprime mess, Citigroup may present a plan to sell noncore assets amounting to roughly 400 billion dollars. This amounts to nearly 20% of Citis current assets. According to the Financial Times, which first reported the story on Thursday, the asset sale would take place over several years. Source: Moneycontrol Top Headlines | 9 May 2008 | 4:18 pm
Sunil O Khandelwal of Alok Ind said it is going to quote present exchange rates to buyers. He doesnt see any significant impact on profitability. Rajendra Hinduja of Gokaldas Exports, sees no immediate benefit of a weakening rupee. Source: Moneycontrol Top Headlines | 9 May 2008 | 2:41 pm
Promethean India Plc has invested one million dollars during a fresh round of funding in US-based Obopay Inc, in which India's Essar Communications Holdings has a strategic stake. Source: Daily News & Analysis: Money News | 9 May 2008 | 12:36 pm
NEW DELHI (Reuters) - Spencer's Retail, part of the diversified RPG group, is hopeful of entering into "multiple" tie-ups with international firms in various product categories in the next six months, a top official said on Friday.
MUMBAI (Reuters) - Rising medical costs and life expectancy are seen attracting a lot of players to the Indian health insurance sector, even as a high claims ratio remains a concern, industry experts said on Friday.
NEW DELHI (Reuters) - Indian annual inflation rose to a 3-½ year high of 7.61 percent in late April, prompting the finance minister to pledge that the government would take more action to tame prices if needed.
REUTERS - Government and central bank have in recent weeks taken a slew of measures to tame annual wholesale price inflation, which has soared to its highest levels in three and a half years at above 7 percent.
NEW DELHI (Reuters) - Indian shares fell 2 percent on Friday, extending losses to a fifth day and posting their first weekly drop in five weeks, as record high oil prices and rising inflation unnerved investors.
Xanadu, the upcoming trendy studio apartment project that is targeted at young professionals and NRIs, will be unveiled here Saturday. Source: IndiaeNews.com: Business News | 9 May 2008 | 12:01 pm
Indian equities markets plummeted sharply Friday, with heavy selling in key sector scrips, mirroring international market trends. Source: IndiaeNews.com: Business News | 9 May 2008 | 12:01 pm
Oil prices held steady Friday in Asia after rising to a trading record above USD 124 a barrel as bullish momentum and renewed weakening of the U.S. dollar against foreign currencies kept the commodity on its upward trend. Source: Zee News : Business | 9 May 2008 | 11:52 am
The Bombay Stock Exchange benchmark
Sensex Friday lost 106 points and dipped below 17,000 level in
early trade on funds selling, triggered by weak Asian markets. Source: Zee News : Business | 9 May 2008 | 11:52 am
Google Inc.`s top executives expressed hope Thursday that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo Inc. -- a deal that would lower the odds of Microsoft Corp. renewing its attempts to buy Yahoo. Source: Zee News : Business | 9 May 2008 | 11:52 am
Microsoft Corp has dissolved its proposed slate of nominees to Yahoo Inc`s board, according to a source familiar with the situation, after deciding not to launch a hostile takeover. Source: Zee News : Business | 9 May 2008 | 11:52 am
China`s producer price inflation rate edged up to 8.1 percent in April from 8.0 percent in March as rises in food, energy and raw material costs pushed up factory-gate prices at the fastest rate since late 2004. Source: Zee News : Business | 9 May 2008 | 11:52 am
Citigroup Inc will present as much as USD 400 billion of "non-core" assets that can be sold by the bank when it meets investors and analysts on Friday, a person familiar with the situation said. Source: Zee News : Business | 9 May 2008 | 11:52 am
LONDON (Reuters) - Oil prices bounded to nearly $126 a barrel on Friday, hitting global stock markets along with worries about the financial sector following losses at the world's largest insurer, AIG.
LONDON (Reuters) - From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone.
Ranbaxy, Merck will sign a broadbased collaborative research agreement, reports CNBCTV18, quoting sources, for a new drug discovery. The deal has a staggered payment clause for research. Merck will pass on leads to be jointly developed by Ranbaxy, who is expected to gain significant revenues from the alliance. Source: Moneycontrol Top Headlines | 9 May 2008 | 11:00 am
Subir Raha, EXChairman, ONGC feels that the oil subsidy sharing formula is purely an arbitrary decision. The downstream companies ability to honour credit facility may be at risk, he told CNBCTV18. The difference between administered prices and international prices is getting wider, he added. Source: Moneycontrol Top Headlines | 9 May 2008 | 10:56 am
MANILA (Reuters) - India said on Friday it may allow limited rice exports, a sign that a global supply crisis could start to ease, as Philippine traders held off purchases hoping for new crops soon from southeast Asia.
LONDON (Reuters) - OPEC may consult on whether the group needs to boost oil output before a scheduled meeting in September should crude oil prices keep rising, an OPEC source said on Friday.
WPP\'s largest media agency, MindShare, which buys media worth Rs 2,000 crore in India alone, is now looking to offer holistic communications solutions to brands. MindShare expects this restructuring to result in greater revenue generation especially from the business planning unit. And hopes to achieve a 20% YoY growth. Source: Moneycontrol Top Headlines | 9 May 2008 | 9:42 am
The Indian equities market continued to trade flat early Friday afternoon trade due to selling pressure across key sectors spurred by the international oil prices notching a new high - almost $125 per barrel. Source: IndiaeNews.com: Business News | 9 May 2008 | 9:33 am
Ansal Housing and Construction have bagged contracts worth Rs.485 million from the Lucknow Development Authority (LDA) for a housing project. Source: IndiaeNews.com: Business News | 9 May 2008 | 9:30 am
The National Aviation Company India Ltd (NACIL), formed after the merger of Air India and Indian, is forming strategies to enhance the airline's operations and turn it into a profitable venture. Source: IndiaeNews.com: Business News | 9 May 2008 | 9:30 am
There\'s much speculation lately that the Republicans candidate Arizona Senator John McCain and his list of possibles for VP could include Bobby Jindal, the Governor of Louisiana. Source: Moneycontrol Top Headlines | 9 May 2008 | 9:05 am
India's annual rate of inflation rose to a new high of 7.61 percent for the week ended April 26 from 7.57 percent for the week before amid assurances from Finance Minister P. Chidambaram that more steps will be taken to rein in prices. Source: IndiaeNews.com: Business News | 9 May 2008 | 9:01 am
Interest rates are likely to remain stable in the near term and liquidity in the system is quite good, according to Mr K.V. Kamath, President, Confederation of Indian Industry (CII). Source: Moneycontrol Top Headlines | 9 May 2008 | 8:31 am
3i Infotech has picked up 26 per cent stake in Hyderabadbased Locuz Enterprise Solutions, a specialist in IT infrastructure solutions and services. Source: Moneycontrol Top Headlines | 9 May 2008 | 8:30 am
ACC Ltd said it has decided to hold its cement prices over the next 23 months. The cement major said it was responding to concerns expressed by the Government on the upward move in the price of the commodity. Source: Moneycontrol Top Headlines | 9 May 2008 | 8:29 am
Inflation rose to 42-month high of 7.61 per cent for the week ended April 26 as against 7.57 per cent in the previous week on account of rising food prices and some manufactured products. Source: Daily News & Analysis: Money News | 9 May 2008 | 7:32 am
The Bombay Stock Exchange benchmark Sensex lost 106 points on Friday and dipped below the 17,000 level in early trade on funds selling, triggered by weak Asian markets Source: Daily News & Analysis: Money News | 9 May 2008 | 7:23 am
India's leading cement manufacturing firm Associated Cement Companies (ACC) has decided to freeze prices for the next two to three months. Source: IndiaeNews.com: Business News | 9 May 2008 | 7:01 am
He may not have visited his adopted home state Punjab yet but the square jawed wrestler Dalip Singh Rana, or The Great Khali as he is known all over the globe, is already selling on the streets. Source: IndiaeNews.com: Business News | 9 May 2008 | 6:32 am
The Central Bureau of Investigation (CBI) has unearthed a Rs.240 million loan scam in the Sector 17 branch of the Punjab National Bank (PNB) here. Source: IndiaeNews.com: Business News | 9 May 2008 | 6:31 am
The Indian equities markets opened in the negative zone Friday, tracking weak markets elsewhere in Asia. Source: IndiaeNews.com: Business News | 9 May 2008 | 5:31 am
As China pushes into Africa to tap its natural resources and consumers, India wants deals of its own there to feed a booming economy and a corporate sector hungry to grow overseas. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:26 pm
The domestic automotive industry has been growing at a scorching pace in the last three years and this has been possible largely due to the government's helping hand. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:15 pm
About five years back, before Bollywood blockbuster Dhoom had hit the screen, businessman Mohit Chabra, decided to buy a super bike (those above 500-cc engine capacity). Source: Daily News & Analysis: Money News | 8 May 2008 | 10:14 pm
The broad-based Sensex has done much better than most fund managers who run diversified equity mutual funds, across time periods. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:02 pm
In early 2006, economist Nouriel Roubini broke rank from the prevailing consensus opinion and blew the whistle on the US housing bubble and held out grim warnings of a US 'recession'. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:02 pm
Foreign exchange dealers, economists and analysts, who have seen the currency plunge to one-year lows in the last two days, have been left scratching their heads. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:01 pm
The buzz that SingTel may be a joint bidder with Bharti for a majority stake in South Africa's mobile operator MTN has grown stronger. Source: Daily News & Analysis: Money News | 8 May 2008 | 10:00 pm
The European Central Bank kept benchmark interest rates unchanged at 4.0%, as expected, as policymakers weigh the risk of high inflation against concerns about euro zone economic growth.
The European Central Bank kept benchmark interest rates unchanged at 4.0%, as expected, as policymakers weigh the risk of high inflation against concerns about euro zone economic growth.
Prime Minister Manmohan Singh said the UPA government was committed to tame inflation in the coming months and has made strenous efforts to shield the poor and the vulnerable from it.
Prime Minister Manmohan Singh said the UPA government was committed to tame inflation in the coming months and has made strenous efforts to shield the poor and the vulnerable from it.
After prevailing upon steel producers to reduce prices, the government got assurance from cement producers also that they would substantially cut prices voluntarily.
After prevailing upon steel producers to reduce prices, the government got assurance from cement producers also that they would substantially cut prices voluntarily.
The DoT has given its approval to set up a cable-landing station at Digha in West Bengal for the Rs 1600-crore submarine cable-laying project between India and South-east Asia.
The DoT has given its approval to set up a cable-landing station at Digha in West Bengal for the Rs 1600-crore submarine cable-laying project between India and South-east Asia.
The second time round, the stakes are twice as high, particularly in the unforgiving world of computing. Bosses who take the helm again at firms they founded can either polish a gilded reputation, as Steve Jobs did after taking up the reins again at Apple.
The second time round, the stakes are twice as high, particularly in the unforgiving world of computing. Bosses who take the helm again at firms they founded can either polish a gilded reputation, as Steve Jobs did after taking up the reins again at Apple.
In 1970s America five executives convicted of fixing the price of sticky labels ended up having to give lectures about their misdeeds in after-dinner speeches-cruel and unusual punishment for the audience, if not the culprits.
In 1970s America five executives convicted of fixing the price of sticky labels ended up having to give lectures about their misdeeds in after-dinner speeches-cruel and unusual punishment for the audience, if not the culprits.
The ministry of civil aviation is working on a blueprint to extend the Juhu runway in Mumbai to the beach so that the airport, which currently accommodates only light helicopters, can be used for corporate and regional carriers and turbo-prop aircraft. Source: Business Standard | Front Page Headlines | 8 May 2008 | 6:52 pm
Two months after the access deficit charge scheme, which compensated Bharat Sanchar Nigam Ltd (BSNL) for its loss-making rural telephony operations, was phased out, the Telecom Commission today discussed a proposal to waive in perpetuity the annual revenue share (licence fee) to be paid by fixed-line service providers in the country. Source: Business Standard | Front Page Headlines | 8 May 2008 | 6:52 pm
Indians need to ''straddle the pyramid'' to make the India@75 vision happen, says management guru. Source: Business Standard | Front Page Headlines | 8 May 2008 | 6:51 pm
Deal size estimated at over Rs 1,000 crore. ??French cement major Lafarge SA, the world's second-largest cement maker, has emerged the frontrunner in the race to acquire the ready-mix concrete (RMC) business of engineering and construction major Larsen & Toubro (L&T). Source: Business Standard | Front Page Headlines | 8 May 2008 | 6:50 pm
