Satyam Computer Systems has lost the appeal against a High Court judgment in the Upaid case. The Indian tech major has moved the UK court to block Upaid Systems\' fraud and forgery claims in a Texas court. It is liable to pay extremely large sums of money if Upaid proceeds to jury trial in the Texas court. Source: Moneycontrol Top Headlines | 21 May 2008 | 4:17 pm
Srinivas Vadlamani, CFO of Satyam said that from their point of view, they have delivered whatever is required to be done. \"Absolutely we dont agree with their (Upaid) allegation at all, that there is some forgery and all that,\" he said. Source: Moneycontrol Top Headlines | 15 May 2008 | 5:24 pm
The average lifecycle of a car is increasing in Japan while it\'s shrinking here. and that\'s why Japan\'s second largest carmaker Honda is planning an onslaught of models after its second plant begins operations. Source: Moneycontrol Top Headlines | 15 May 2008 | 5:22 pm
UPAID had developed the idea of converting any telephone into a de facto payphone by using a prepaid account and a caller personal identification number. The projet for software development was outsourced to Satyam. Source: Moneycontrol Top Headlines | 15 May 2008 | 3:38 pm
CNBCTV18 has learnt from sources that the MTN board has cleared talks exclusively with Bharti. Sources added that there is no stress on the exclusivity agreement. Source: Moneycontrol Top Headlines | 15 May 2008 | 3:09 pm
Wockhardt, Subex and Orchid can be forced to take on some big loans in the next 18 to 28 months because their FCCBs are due for conversion. S Ramesh, ED, Kotak Investment Bank believes some companies have provided for reset clauses and they would want to take the opportunity of looking at resetting the terms. Source: Moneycontrol Top Headlines | 15 May 2008 | 2:50 pm
The Supreme Court has asked the Uttar Pradesh Sugar Mills Association to clear FY08 arrears in four weeks, reports CNBCTV18, quoting Newswire18. The court has asked sugar mills to pay Rs 110 per 100 kg cane in 200708. Source: Moneycontrol Top Headlines | 15 May 2008 | 2:34 pm
Sanjay Nayar, CEO, Citi India has said that they are not looking at selling Citi Financial, reports CNBCTV18. They are not looking at selling any noncore assets in India, he said. Citigroup is not downsizing in India, Nayar assured. Citigroup brings in USD 250 million of capital for its India operations. Source: Moneycontrol Top Headlines | 15 May 2008 | 1:44 pm
The video rental business, dominated for years by the neighbourhood shop around the corner, is now drawing big corporates Source: Daily News & Analysis: Money News | 15 May 2008 | 12:31 pm
CHANDIGARH, India (Reuters) - Wheat production this year in Punjab, a major producing state, may exceed 15 million tonnes for the first time in seven years on higher yields per hectare (ha), farm department officials said on Thursday.
NEW DELHI (Reuters) - India's Bharti Airtel Ltd plans to expand its phone towers in Delhi by more than quarter this year to feed rapidly growing users, the leading mobile operator said on Thursday.
Indian equities markets, which opened in the green Thursday, performed very well throughout the day and a key index climbed over 375 points, mirroring cues from other Asian markets. Source: IndiaeNews.com: Business News | 15 May 2008 | 12:01 pm
NEW DELHI (Reuters) - Bharti Airtel, India's leading mobile operator, may seek a merger or share swap with MTN Group to try to avoid a bidding war for the South African phone firm, analysts and media reports say.
JAKARTA (Reuters) - Indonesia plans to introduce smart cards to ration fuel consumption in September, Information Minister Muhammad Nuh said on Thursday.
LONDON (Reuters) - British bank Barclays Plc said profits fell in the first quarter and refused to rule out a rights issue as it took a 1 billion pound ($2 billion) hit for the impact of the credit crunch.
NEW YORK (Reuters) - CEO compensation at the biggest U.S. corporations dropped sharply last year, reflecting in part the rough business conditions at top-tier banks and other large financial firms, a study has found.
MUMBAI (Reuters) - Anyone betting on when Bharti Airtel, India's top mobile operator, may launch a bold takeover bid for South Africa's MTN could do worse than pencil in May 17 or May 23.
MUMBAI (Reuters) - Indian shares rallied 2.2 percent on Thursday to their highest close in a week, boosted by gains in Reliance Industries Ltd and Reliance Communications Ltd, which won regulatory nod for its unit's share sale.
MUMBAI (Reuters) - The rupee's steep fall versus the dollar may widen its current account deficit and push inflation higher, Credit Suisse said on Thursday.
LONDON (Reuters) - Oil rose on Thursday, boosted partly by weakness in the U.S. dollar after strong economic growth data from France and Germany pushed the euro higher.
Malvinder Singh, MD and CEO of Ranbaxy Labs said the Merck deal has a milestone payment of over USD 100 million for each molecule. The royalty gained from the Merck deal could be in doubledigits, he said. The deal with Merck is in the area of antiinfectives. Talking on the rupee, he said it may weaken further as a shortterm phenomenon. Source: Moneycontrol Top Headlines | 15 May 2008 | 11:13 am
Real estate developer Landmark Group on Thursday said it will invest over Rs 4,000 crore in developing 12 properties across the northern region in the next 3-4 years. Source: Daily News & Analysis: Money News | 15 May 2008 | 11:02 am
Lafarge has bought LT\'s concrete unit for USD 349 million. YM Deosthalee, CFO said they sold the concrete business at an EV of Rs 1,480 crore. LT is exiting the concrete business as it is not a core business. LT will use the funds from the concrete business sale for their power business and other units. Source: Moneycontrol Top Headlines | 15 May 2008 | 10:41 am
India and Colombia have set a target to increase bilateral trade to $2 billion from the $650 million at present. Source: IndiaeNews.com: Business News | 15 May 2008 | 10:03 am
Tension gripped the project-site of the South Korean steel major Posco in Orissa after supporters and opponents of the mega-project clashed, an official said Thursday. Source: IndiaeNews.com: Business News | 15 May 2008 | 10:02 am
The Sensex climbed over 360 points at the day's close Thursday as Indian stock markets - that opened in the green - witnessed brisk trade. Source: IndiaeNews.com: Business News | 15 May 2008 | 10:02 am
Country's leading mobile service provider Bharti Airtel on Thursday said it has become the first Indian telecom firm to cross the four-million subscriber mark in Delhi. Source: Daily News & Analysis: Money News | 15 May 2008 | 9:52 am
T. Junardhan is helping to install the plumbing at a luxury shopping and residential tower rising in Singapore's prime Orchard Road tourist belt. Source: Daily News & Analysis: Money News | 15 May 2008 | 8:59 am
A day after the cement companies agreed to cut prices between Rs 3 and Rs 7.5 per bag of 50 kg, Chidambaram said there is big scope for further reduction in retail prices. Source: Daily News & Analysis: Money News | 15 May 2008 | 8:23 am
The Bombay Stock Exchange benchmark Sensex on Thursday shot up by over 175 points in early trade on buying by funds as well as retail investors in heavy-weight stocks. Source: Daily News & Analysis: Money News | 15 May 2008 | 8:15 am
People who get their water from municipal authorities here should start paying for it so that there was no unnecessary use, says Mayor Bikash Ranjan Bhattacharyya. Source: IndiaeNews.com: Business News | 15 May 2008 | 8:01 am
Satyam Computer Services, India's fourth-largest software exporter, could be staring at penalties in excess of $1 billion. Source: Daily News & Analysis: Money News | 15 May 2008 | 6:36 am
The video rental business, dominated for years by the neighbourhood shop around the corner, is now drawing big corporates - a move that makes watching movies at home easier and promises to cut down piracy. Source: IndiaeNews.com: Business News | 15 May 2008 | 6:02 am
Indian equities markets were on the upswing early Thursday after opening in the green, thanks to strong buying interest in banking, realty, cement, metals, capital goods and telecom stocks. Other Asian markets were up as well, and the Dow had closed in the green Wednesday. Source: IndiaeNews.com: Business News | 15 May 2008 | 6:01 am
Rising fuel costs coupled with the choice of destinations have forced Taiwan-based Eva Air to pull out of India, making it the third international carrier in a year to stop operations here. Source: IndiaeNews.com: Business News | 15 May 2008 | 6:00 am
Indian equities markets opened in the green Thursday in the wake of favourable cues from other Asian markets. Source: IndiaeNews.com: Business News | 15 May 2008 | 5:02 am
Mumbai, May 14 The Enforcement Directorate has filed a complaint before the Adjudicating Authority under the Prevention of Money Laundering Act against some of the accused in the IPO scam. These accused entities’ shares have also been ... Source: Business Line - Home Page | 15 May 2008 | 12:00 am
Negating our prior view, the stock moved up forming a long bullish candle, accompanied with good volume. We change our recommendation to buy. L&TThe stock is pausing at Rs 2,830 levels. Buy the stock in ... Source: Business Line - Home Page | 15 May 2008 | 12:00 am
In 1996, Intech Technologies, a company promoted by Simon Joyce and Prafulla Gupta, developed an idea that's now fairly common - making any telephone a pay-phone by using a prepaid account. Source: Daily News & Analysis: Money News | 14 May 2008 | 10:19 pm
The export tax on steel products notified last week has reopened the wounds of steel producers, who had earlier cut prices by Rs 4,000 per tonne. Source: Daily News & Analysis: Money News | 14 May 2008 | 10:18 pm
Industrial and power systems company Crompton Greaves Ltd is expected to take over the distribution and billing rights for electricity supply to Nagpur city by July-end. Source: Daily News & Analysis: Money News | 14 May 2008 | 10:17 pm
On Tuesday morning tour operators were juggling dates as they struggled to find rooms in Jaipur in what has traditionally been the lean season. Source: Business Standard | Front Page Headlines | 14 May 2008 | 7:05 pm
To up stakes in 'globally active' firms by 3 to 4% this year.??The Tata group, India's second-largest private conglomerate with 98 companies, plans to increase the promoter stake in half-a-dozen globally-active subsidiaries by three to four per cent through creeping acquisitions and preferential bond and warrant issues in the current financial year to defend them from predatory attacks. Source: Business Standard | Front Page Headlines | 14 May 2008 | 7:03 pm
A market in Noida's prime Sector 18 area was Wednesday demolished to pave the way for extending the Delhi Metro rail project to this satellite township, officials said. Source: IndiaeNews.com: Business News | 14 May 2008 | 6:30 pm
