Real estate developers are cocking a snook at property market bears. Commercial rentals have moved up even as analysts have turned cautious. Source: Moneycontrol Top Headlines | 12 May 2008 | 4:27 pm
The Met Department says that monsoons may hit Kerala coast before June 1, reports CNBCTV18 quoting News Wire 18. It further says that monsoon rains may hit Northeast ahead of Kerala. Source: Moneycontrol Top Headlines | 12 May 2008 | 3:46 pm
Ranbaxy Laboratories, Merck will sign a drug discovery and development agreement, reports CNBCTV18. Both companies plan to develop antiinfective drug candidates. CNBCTV18 had reported on Ranbaxy, Merck deal on May 9. Source: Moneycontrol Top Headlines | 12 May 2008 | 2:49 pm
NEW YORK (Reuters) - Cablevision Systems Corp sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune Co, the companies said on Monday, after Rupert Murdoch's News Corp withdrew its bid.
NEW DELHI (Reuters) - State-run NTPC Ltd, India's top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday.
China`s new aerospace firm charged with building jumbo-jets will pose no threat to Airbus and Boeing for 20 years and will require the help of foreign technology, state press reported Monday. Source: Zee News : Business | 12 May 2008 | 1:27 pm
The government on Monday ruled out importing wheat this year as procurement of the foodgrain is all set to reach 20 million tons against the targeted 15 million tons in the current marketing season. Source: Zee News : Business | 12 May 2008 | 1:27 pm
to buying the Long Island newspaper Newsday from Tribune Co. for $650 million (euro420.49 million), a person with knowledge of the situation said Sunday. Source: Zee News : Business | 12 May 2008 | 1:27 pm
Industry performed badly during the last month of 2007-08, with growth decelerating to 3 percent from 14.8 percent in the year-ago period, a development that could be a major cause for concern for the government that is now focussing on fighting high inflation. Source: Zee News : Business | 12 May 2008 | 1:27 pm
Tracking global markets, the Bombay
Stock Exchange benchmark Sensex today fell by over 136 points
in early trade on selling by funds. Source: Zee News : Business | 12 May 2008 | 1:27 pm
Inflation is expected to come down to 6 per cent from the present level of 7.61 per cent in next three to four months, Prime Minister`s economic advisory council chairman Prof C Rangarajan said here on Monday. Source: Zee News : Business | 12 May 2008 | 1:27 pm
World oil traded below 126 dollars on Monday after an inflow of investment funds helped push the price to another record high, analysts said. Source: Zee News : Business | 12 May 2008 | 1:27 pm
MILAN (Reuters) - World rice output is expected to hit a record high this year, but growing demand and export curbs should keep prices high, at least in the short term, the United Nations' Food and Agriculture Organisation said on Monday.
HM Bangur, MD, Shree Cements said that the cement prices have begun softening. He added that the profits of the cement companies would definitely come down due to the high cost of raw material and the low sale price. He added that increasing volumes would not help the cause of the cement companies either. Source: Moneycontrol Top Headlines | 12 May 2008 | 1:22 pm
LONDON (Reuters) - Oil fell $2 to near $124 a barrel on Monday, as a stronger U.S. dollar and profit-taking put the brakes on a rally that took it to record peaks last week.
Two leading government economists Monday expressed optimism that inflation would moderate soon and added that there was no need to panic. Source: Daily News & Analysis: Money News | 12 May 2008 | 1:06 pm
Tata Chemicals Ltd has launched a joint venture with Irish agri-products distribution firm Total Produce, the company announced Monday. Source: IndiaeNews.com: Business News | 12 May 2008 | 1:02 pm
The Delhi International Airport Limited (DIAL) Monday assured the government that the congestion at the airport here would be eased by June-end though it sought more employees to supervise security and immigration checks. Source: IndiaeNews.com: Business News | 12 May 2008 | 1:01 pm
After intervention of the Planning Commission, the Delhi International Airport Limited (DIAL) Monday assured the government that the congestion at the airport here would be eased by June-end though it sought more employees to supervise security and immigration checks. Source: IndiaeNews.com: Business News | 12 May 2008 | 1:01 pm
City-based textile manufacturer Arvind Mills Ltd has changed its name to Arvind Ltd. The name change is effective from May 10, the company announced Monday. Source: IndiaeNews.com: Business News | 12 May 2008 | 1:00 pm
Bharat Petroleum Corporation is considering raising prices of premium auto fuels, reports CNBCTV18, quoting Newswire18. The company sees no option but to up premium fuel rate on rising revenue loss. Source: Moneycontrol Top Headlines | 12 May 2008 | 12:32 pm
MUMBAI (Reuters) - The rupee weakened past 42 per dollar for the first time in more than a year on Monday after data showing factory output grew at its slowest in six years raised concerns about a slowdown in the economy.
The Farm Ministry has said there is no final decision yet on the panel report on futures, reports CNBCTV18, quoting Newswire18. It has ruled out further delisting of farm commodities. Source: Moneycontrol Top Headlines | 12 May 2008 | 12:30 pm
LONDON (Reuters) - World stocks rose on Monday, supported by better-than-expected first-quarter results from HSBC which eased concerns about the banking sector, while the dollar firmed towards last week's two-month peak.
India's industrial production growth slowed to just three percent in March 2008, compared to a 14.8 percent growth in March 2007, according to government data released here Monday. Source: IndiaeNews.com: Business News | 12 May 2008 | 12:01 pm
About 72 percent of the fruit and vegetable production in India goes waste because of lack of proper retailing and adequate storage capacity, an agriculture ministry official said here Monday. Source: IndiaeNews.com: Business News | 12 May 2008 | 12:00 pm
Nissan Renault and Bajaj JV will manufacture engines for small car and LCV. The three companies finalised their small car agreement. Bajaj will hold 50% whereas Nissan and Renault will hold 25 % each in the small car joint venture. The overall investment in the small car joint venture will be approximately Rs 1000 Crore. Source: Moneycontrol Top Headlines | 12 May 2008 | 11:56 am
BANGALORE (Reuters) - Indian shares rose 0.74 percent on Monday, with Reliance Industries and outsourcers leading as the market snapped a five-day losing streak, but trade was choppy after industrial output growth slowed to a six-year low.
Sanjeev Aga, MD, Idea Cellular said the company has no plans to exit the Indus joint venture and termed these rumours as absurd. He said that the company plans to expand its market share in existing circles. Aga does not expect any significant new competition. Source: Moneycontrol Top Headlines | 12 May 2008 | 11:15 am
LONDON/MUMBAI (Reuters) - India's Ranbaxy Laboratories Ltd is to develop new anti-infective drugs for Merck & Co Inc, underlining the growing use of Indian pharmaceutical research by multinational companies.
Indian equity markets that opened in the red Monday morning witnessed a choppy trade but managed a smart recovery in the second half of trading and closed in the green. Source: IndiaeNews.com: Business News | 12 May 2008 | 11:00 am
NEW DELHI (Reuters) - India's industrial output grew at its weakest rate in six years in March, knocking the rupee to a one-year low and fanning speculation the central bank may hold off with more tightening in its battle with soaring inflation.
Indian equties markets that opened in the red Monday and stayed in negative territory for much of the day staged a late recovery to close in the green. However, important sectoral indices like realty, automobiles, capitals goods, metals and power took a drubbing. Source: IndiaeNews.com: Business News | 12 May 2008 | 10:03 am
Former UN under-secretary general Shashi Tharoor's professional training academy will open at the Technopark campus here Wednesday. Source: IndiaeNews.com: Business News | 12 May 2008 | 10:01 am
The country's largest cellular operator Bharti Airtel is planning to raise its offer to about 22.63 dollar per share to acquire control of South African mobile player MTN Source: Daily News & Analysis: Money News | 12 May 2008 | 9:58 am
Bharat Heavy Electricals has taken over ailing stateowned Bharath Heavy Plates Vessels, or BHPV, reports CNBCTV18. BHPV with losses of Rs 868 crore was referred to the Board for Industrial and Financial Reconstruction, or BIFR, and the Union Cabinet had given its nod for the revival plan in November 2007. Source: Moneycontrol Top Headlines | 12 May 2008 | 8:56 am
Pharmaceutical firm Aurobindo Pharma said it has received approval from the Medicines Control Council (MCC) to manufacture and market nine products in South Africa. Source: Daily News & Analysis: Money News | 12 May 2008 | 8:53 am
Mukesh Ambani\'s Reliance Retail and Citibank have agreed to float a joint venture for consumer finance, reports CNBCTV18. A news agency reports that Sandeep Soni, Head of Citi\'s new Strategic Initiatives for Alliance and Partnerships, will be in charge of the new venture. The two partners are expected to make an announcement in the coming days. Source: Moneycontrol Top Headlines | 12 May 2008 | 8:50 am
India's largest mobile operator Bharti Airtel announced a tie-up on with US-based Apple Inc on Monday to bring the popular GSM-based iPhone in the country. Source: Daily News & Analysis: Money News | 12 May 2008 | 8:20 am
The country's second largest two- wheeler maker Bajaj Auto Ltd joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano. Source: Daily News & Analysis: Money News | 12 May 2008 | 8:19 am
City-based Xenitis Group, the manufacturer of Xpression brand of motorbikes, has said its automobile wing will post a turnover of Rs.5 billion ($125 million) in 2008-09. Source: Daily News & Analysis: Money News | 12 May 2008 | 7:23 am
The Indian equities markets that opened in the red Monday went on a further downslide in early trade, with selling pressure on realty, metals, consumer durables and oil and gas sectors. Source: Daily News & Analysis: Money News | 12 May 2008 | 7:20 am
Mercedes-Benz India Private Ltd is confident that sales will hit an all-time record in India this year. The company has already sold more than 50 percent of its 2007 sales. Source: Daily News & Analysis: Money News | 12 May 2008 | 7:11 am
Finance minister P Chidambaram was quoted a couple of days ago saying that he was relieved about inflation being stable. Source: Daily News & Analysis: Money News | 12 May 2008 | 2:52 am
We recommend a sell in EIH from a short-term perspective. From charts of the EIH, we note that the stock has been on a downtrend (forming lower peaks and lower troughs) form its 52-week high of Rs 246 (touched on January 7). However, in ... Source: Business Line - Home Page | 12 May 2008 | 12:00 am
New Delhi, May 11 Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease EMI burden until possession. So, while realty ... Source: Business Line - Home Page | 12 May 2008 | 12:00 am
New Delhi, May 11 The jury is still out on whether futures trading has had any role in fuelling inflation in agri-commodities. But in the case of wheat, the available evidence points at something quite interesting. ... Source: Business Line - Home Page | 12 May 2008 | 12:00 am
Chennai, May 11 The Supreme Court on Monday will hear a batch of petitions and appeals against different orders of the Allahabad High Court on the support price for sugarcane farmers fixed by the Uttar Pradesh Government. There have ... Source: Business Line - Home Page | 12 May 2008 | 12:00 am
Nasscom president Som Mittal told DNA Money, "The extension of the STPI scheme has raised the spirits of the industry and given us time to think through the alternatives." Source: Daily News & Analysis: Money News | 11 May 2008 | 10:24 pm
One of the first things the UPA government had to consider when it assumed office is whether and by how much to increase oil prices. The NDA government had more or less frozen oil prices in the run up to the elections.
One of the first things the UPA government had to consider when it assumed office is whether and by how much to increase oil prices. The NDA government had more or less frozen oil prices in the run up to the elections.
If there is a bipartisan position in the US establishment favouring better ties with India, a similar deal might be in the offing in the future as well, even if the terms are not as good.
If there is a bipartisan position in the US establishment favouring better ties with India, a similar deal might be in the offing in the future as well, even if the terms are not as good.
It is always refreshing to hear economists with a healthy disdain for statistics. Or at least some kinds of statistics. So Eavesdropper's ears pricked up, at a Ficci-organised book discussion in Delhi, on hearing Columbia's trade guru Jagdish Bhagwati dismiss the much-cited Gini coefficient of inequality as a "red herring".
It is always refreshing to hear economists with a healthy disdain for statistics. Or at least some kinds of statistics. So Eavesdropper's ears pricked up, at a Ficci-organised book discussion in Delhi, on hearing Columbia's trade guru Jagdish Bhagwati dismiss the much-cited Gini coefficient of inequality as a "red herring".
Public sector undertakings in India have always been under fire for poor financial performance. Their supporters, however, have persisted with the argument that the public sector upholds public ideals of responsibility.
Public sector undertakings in India have always been under fire for poor financial performance. Their supporters, however, have persisted with the argument that the public sector upholds public ideals of responsibility.
A friend of mine points to the biggest benefit of America's engagement of India these past few years-for the first time, the electorate has a significantly large block of "independent" voters who may not cast their ballots ritually for the same party that they have in the past.
A friend of mine points to the biggest benefit of America's engagement of India these past few years-for the first time, the electorate has a significantly large block of "independent" voters who may not cast their ballots ritually for the same party that they have in the past.
Rather as John McCain cannot be displeased to have seen Hillary Clinton and Barack Obama fighting it out, Google has for the past three months enjoyed watching its only two serious rivals, Yahoo! and Microsoft, tear each other to pieces.
Whistleblowers have repeatedly been punished or fired. America is also one of the few countries to ban felons from voting. One in every 50 adults is disenfranchised because of past criminal convictions.
When Haiti's prime minister resigned last month after a week of food riots, it seemed to confirm a warning that Bob Zoellick, the president of the World Bank, had given ten days before.
Rather as John McCain cannot be displeased to have seen Hillary Clinton and Barack Obama fighting it out, Google has for the past three months enjoyed watching its only two serious rivals, Yahoo! and Microsoft, tear each other to pieces.
When Haiti's prime minister resigned last month after a week of food riots, it seemed to confirm a warning that Bob Zoellick, the president of the World Bank, had given ten days before.
Whistleblowers have repeatedly been punished or fired. America is also one of the few countries to ban felons from voting. One in every 50 adults is disenfranchised because of past criminal convictions.
The current bout of inflation has invited a number of reactions-a plethora of explanations from economic observers, a string of responses from policymakers and some thoughts on the data generating process.
The current bout of inflation has invited a number of reactions-a plethora of explanations from economic observers, a string of responses from policymakers and some thoughts on the data generating process.
With the India Meteorological Department (IMD) declaring 2007 the fourth warmest year on record since 1901, evidence of global warming on the Indian climate is crystallising. Source: Business Standard | Front Page Headlines | 11 May 2008 | 6:55 pm
Leading Indian public sector banks State Bank of India (SBI), Bank of Baroda (BoB) and Syndicate Bank are close to committing a part of the $3 billion bridge loan that Tata Motors has to raise to finance the acquisition of Jaguar and Land Rover from Ford. Source: Business Standard | Front Page Headlines | 11 May 2008 | 6:54 pm
Reliance Industries Ltd (RIL), India's biggest firm by market capitalisation, is drawing up plans to convert its fuel retail outlets, which were recently closed owing to unviable operations, into malls and multiplexes. Source: Business Standard | Front Page Headlines | 11 May 2008 | 6:53 pm
Lengthens tenures in response to customer feedback.??ICICI Bank, India's second biggest bank, has offered to lower the equated monthly installments (EMIs) for a large number of its borrowers by enhancing the tenure of their home loans. Source: Business Standard | Front Page Headlines | 11 May 2008 | 6:52 pm
The increasing use of high-end software in automobile design and R&D has made Indian auto majors leverage the country's software prowess and gain an edge over their European and American competitors. Source: Business Standard | Front Page Headlines | 11 May 2008 | 5:54 pm
