Arvind Thakur, CEO, NIIT Technologies said they need to alter their business model to address the global challenges. He added that the order intake has been increasing steadily in each quarter. According to him, growth in H1 FY09 may be muted but there would be growth towards the end of the year. Source: Moneycontrol Top Headlines | 16 May 2008 | 4:21 pm
YM Deosthalee, CFO, LT, said the company may look at increasing contract rates if cost pressures continue. He told CNBCTV18 that he does not see steel and cement prices rising further. According to him, critical investments may not get deferred despite the rate increase. Source: Moneycontrol Top Headlines | 16 May 2008 | 1:08 pm
LONDON (Reuters) - World stocks powered to a fresh four-month peak on Friday, driven by technology and oil shares, while diverging growth outlooks between the United States and elsewhere weighed on the dollar.
MUMBAI (Reuters) - Indian shares rose 0.47 percent on Friday to their highest close in nearly two weeks, led by banks and second-ranked mobile firm Reliance Communications and showing little discomfort at inflation nearing 8 percent.
Praveen Sood, CFO of HCC informed that they have received a part of their Rs 157 crore claim of the BandraWorli Sealink project. He said that their companys shift is towards EPC (engineering, procurement, construction) contracts instead of the earlier civil contracts. He sees larger contracts coming in, henceforth. Source: Moneycontrol Top Headlines | 16 May 2008 | 11:11 am
NEW DELHI (Reuters) - India's annual inflation rate, which neared 8 percent in early May, is expected to moderate once the impact of lower steel and cement prices is felt, Finance Minister Palaniappan Chidambaram said on Friday.
NEW DELHI (Reuters) - Software services firm Zylog Systems will buy a Dubai-based peer in one week's time, and is close to acquiring a Singapore-based firm as it seeks to reduce dependence on North American revenue, top officials said.
Construction chemicals maker Pidilite Industries today said it is exploring possibilities to acquire majority stake in some companies in Europe and the US. Source: Daily News & Analysis: Money News | 16 May 2008 | 10:53 am
NEW DELHI (Reuters) - India's annual inflation rate headed towards 8 percent in early May, clocking a 3-1/2-year high, but analysts said it was unlikely to provoke more monetary tightening for now as economic growth appeared to be slowing.
MUMBAI (Reuters) - India's fiscal and monetary measures to contain inflation will show results in the next two to three weeks, Commerce and Industry Minister Kamal Nath said on Friday.
NEW DELHI (Reuters) - India warned on Friday global trade talks will not have much chance of success if they fail to deliver on a development promise and end up converted into a market-access round for rich nations.
Bank of India on Friday announced a consolidated net profit of Rs.19.59 billion ($489.96 million) during the fiscal year 2008. Source: Daily News & Analysis: Money News | 16 May 2008 | 10:24 am
MUMBAI (Reuters) - The Indian rupee fell to a 13-month low on Friday after data showing inflation at a new 3-½ year high heightened worries about slowing growth, record oil prices and the risk of foreign investors withdrawing funds.
NEW DELHI (Reuters) - India's winter harvest of rice could shrink 5 percent this year if some farmers switch to oilseeds on worries that export curbs could lead to lower prices, a leading trader said on Friday.
Bank of India Friday announced a consolidated net profit of Rs.19.59 billion ($489.96 million) during the fiscal year 2008 compared to Rs.11.08 billion ($277 million) for the year ended March 31, 2007. Source: IndiaeNews.com: Business News | 16 May 2008 | 9:44 am
MUMBAI (Reuters) - Sluggish gold sales during the Akshaya Tritiya festival, normally seen as an auspicious time to buy the metal, provide the latest evidence of high prices hurting demand from the world's top consumer.
HSBC is likely to pick up 43.85% of E*Trade\'s stake in Investsmart reports CNBCTV18 quoting sources. HSBC said it does not wish to comment on market rumours. Source: Moneycontrol Top Headlines | 16 May 2008 | 9:13 am
The profit after tax (PAT) of public sector giant Steel Authority of India Limited (SAIL) was Rs.23.77 billion in the last quarter of fiscal 2007-08, a rise of 24.97 percent from the corresponding quarter in the previous fiscal. Source: IndiaeNews.com: Business News | 16 May 2008 | 9:00 am
Financier Carl Icahn has launched a proxy battle to force Yahoo to reopen buyout talks with Microsoft, saying the Yahoo board acted \"irrationally\" in refusing Microsoft\'s USD 47.5 dollar offer. Source: Moneycontrol Top Headlines | 16 May 2008 | 8:52 am
The Government is expecting cement prices to settle down in the region of Rs 200 for a 50kg bag within the next few days with a standard market fluctuation of approximately 10 per cent across the country following assurance from cement manufacturers to bring down prices, the Minister of State for Industries, Mr Ashwani Kumar, told Business Line. Source: Moneycontrol Top Headlines | 16 May 2008 | 8:41 am
Nokias two key suppliers Aspocomp and Wintek are likely to start operations within three months in the Nokia Telecom Park at Sriperumbudur, 45 km west off Chennai. Then, the Finnish telecom major will have all its seven major suppliers in the park, strengthening its delivery capabilities. Source: Moneycontrol Top Headlines | 16 May 2008 | 8:38 am
The ready mix concrete (RMC) business is considered an emerging business opportunity for large players in the construction and cement sectors who are bound to invest in this area in the coming years. Source: Moneycontrol Top Headlines | 16 May 2008 | 8:34 am
the record high inflation figure of 7.83 percent announced by the Indian government Friday created turbulence in the stock markets of the country in the afternoon. Source: IndiaeNews.com: Business News | 16 May 2008 | 8:32 am
Domestic investment banking company Edelweiss Capital Ltd Friday reported a high net profit both for the last quarter and full year 2007-08, thanks to a strong growth of fee and commission revenues in the last quarter. Source: IndiaeNews.com: Business News | 16 May 2008 | 8:32 am
India's wholesale inflation, the weekly measure of price trends, rose to a three-and-a-half-year high of 7.83 percent for the week ended May 3, up from 7.61 percent in the week preceding it. Source: IndiaeNews.com: Business News | 16 May 2008 | 8:31 am
Engineering and construction major Larsen and amp; Toubro (L and amp;T) Friday said it will explore the potential of the Indian power generation market along with Atlanta headquartered GE Energy. Source: IndiaeNews.com: Business News | 16 May 2008 | 8:30 am
Renaults series of engagements in the domestic market has led to its discussions for an alliance with Bajaj Auto for the light commercial vehicles (LCV) segment remaining at a nascent stage. Source: Moneycontrol Top Headlines | 16 May 2008 | 8:29 am
German chemicals major BASF SE is set to increase stake in its Indian arm up to 75 per cent, a move that would give it more freedom to invest and expand its businesses in the country. Source: Moneycontrol Top Headlines | 16 May 2008 | 8:27 am
Chief minister Vilasrao Deshmukh said on Thursday that the greenfield international airport at Navi Mumbai would be completed by 2012. Source: Daily News & Analysis: Money News | 16 May 2008 | 7:54 am
Inflation rose to near 44-month high of 7.83 per cent for the week ended May 3, against 7.61 per cent in the previous week Source: Daily News & Analysis: Money News | 16 May 2008 | 7:19 am
Inflation climbed to a new high of 7.83 percent for the week ending May 3, according to government data released Friday. Source: IndiaeNews.com: Business News | 16 May 2008 | 7:01 am
Major Indian equities markets went down soon after opening in the green, despite strong initial buying interest in power, banking, capital goods, automobiles and IT stocks. Source: Daily News & Analysis: Money News | 16 May 2008 | 6:37 am
Major Indian equities markets went down Friday soon after opening in the green, despite strong initial buying interest in power, banking, capital goods, automobiles and IT stocks. Source: IndiaeNews.com: Business News | 16 May 2008 | 5:02 am
The quintessential bookshop jammed from the ceiling to the floor with books - the last refuge of a loner and a book junkie - is a genre fast dying out in the capital. Source: IndiaeNews.com: Business News | 16 May 2008 | 5:01 am
Indian equities markets opened in the green zone Friday, taking off from the positive close overnight and mirroring strong cues from global markets. Source: IndiaeNews.com: Business News | 16 May 2008 | 5:00 am
In line with our expectation, the stock moved up in the last trading session, accompanied with good volume. We retain our buy recommendation. L&TThe stock has surged accompanied with good volume in the last ... Source: Business Line - Home Page | 16 May 2008 | 12:00 am
Thiruvananthapuram, May 15 The US Navy’s Joint Typhoon Warning Centre (JTWC) has invalidated Wednesday’s cyclone formation alert issued for the Bay of Bengal basin, even as the causative ‘low’ became well marked on ... Source: Business Line - Home Page | 16 May 2008 | 12:00 am
China and India have grown economically and politically in stature over the last two decades. Source: Daily News & Analysis: Money News | 15 May 2008 | 10:19 pm
Despite a rally of sorts in March 2008, the composite index of infrastructure industries rose by a tepid 5.6% during 2007-08. Source: Daily News & Analysis: Money News | 15 May 2008 | 10:18 pm
Set up on January 30, 1997, as a specialised financial intermediary for infrastructure projects, Infrastructure Development Finance Company (IDFC) has come a long way. Source: Daily News & Analysis: Money News | 15 May 2008 | 10:05 pm
Like most general insurers, Royal Sundaram Alliance Insurance (RSA) too has witnessed a slowdown in growth of premium income in the detariff regime. Source: Daily News & Analysis: Money News | 15 May 2008 | 10:04 pm
Fund houses have effected a sea change in their services since the Securities and Exchange Board of India (Sebi) waived the entry load for investors getting into mutual funds directly. Source: Daily News & Analysis: Money News | 15 May 2008 | 10:03 pm
Liquor companies are set to raise prices, thanks to the hike in the cost of molasses, a by-product of sugar which is used to make potable alcohol. Source: Business Standard | Front Page Headlines | 15 May 2008 | 7:02 pm
Maharashtra Finance Minister Jayant Patil has floated a consultation paper on the concept of creating an exclusive club of progressive states to act as a pressure group for their developmental needs. Source: Business Standard | Front Page Headlines | 15 May 2008 | 7:00 pm
After Tata Steel, Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company, ??Sources close to the development said Goldman Sachs has approached Essar with the acquisition proposal and the company was considering it. Source: Business Standard | Front Page Headlines | 15 May 2008 | 7:00 pm
In a setback to NTPC, India's largest power producer, the government has turned down the public sector company's proposal to raise nearly Rs 6,000 crore through a follow-on public offering (FPO). Source: Business Standard | Front Page Headlines | 15 May 2008 | 7:00 pm
Pressure is growing on Tata Motors' ability to hold the price tag of Rs 1 lakh for the Nano with leading auto-component suppliers saying they have approached the company for a price increase. Source: Business Standard | Front Page Headlines | 15 May 2008 | 6:58 pm
