About 3,600 workers at American Axle and Manufacturing Holdings Inc will find out soon whether a new contract was worth 80 days without a company paycheck. Source: Zee News : Business | 17 May 2008 | 2:17 pm
The price of oil rocketed to a record high of 127.82 dollars per barrel on Friday, as US President George W. Bush prepared to urge Saudi Arabia to pump more crude, analysts said. Source: Zee News : Business | 17 May 2008 | 2:17 pm
Projecting a whopping Rs 10,000
crore economic engagement with Bhutan in areas like telecom,
infrastructure and education, Prime Minister Manmohan Singh
on Saturday unveiled a mega plan for cooperation in the power
sector. Source: Zee News : Business | 17 May 2008 | 2:17 pm
Saudi Arabia would increase oil production by 300,000 barrels a day, Saudi officials said Friday, handing a diplomatic boost to US President George W. Bush during his official visit there. Source: Zee News : Business | 17 May 2008 | 2:17 pm
Reliance Big Entertainment, the
media and entertainment arm of the Anil Dhirubhai Ambani (ADA)
Group has finalised a slate of 69 films in nine languages for
production and distribution over the next two years. Source: Zee News : Business | 17 May 2008 | 2:17 pm
Bharti Airtel Ltd and South African telecoms operator MTN Group may complete their merger talks this weekend, a report said on Saturday, citing financial industry sources. Source: Zee News : Business | 17 May 2008 | 2:17 pm
US President George W Bush flies to
Egypt on Saturday where he will meet Palestinian President Mahmud Abbas
and address the World Economic Forum on the Middle East. Source: Zee News : Business | 17 May 2008 | 2:17 pm
Prosenjit Roy Choudhry of Barbeque Nation said he plans to increase the number of outlets in India, He said that barbeque is a cuisine, which is practiced in different format across the world so he plans to have chefs from different regions of globe coming in and showing their expertise. It is like going to be a war of barbeque chefs. Source: Moneycontrol Top Headlines | 17 May 2008 | 2:10 pm
India is the world\'s largest producer of mangoes and the US is the world\'s largest importer of the fruit. But until last year, no bilateral trade had been allowed in mangoes for nearly two decades. Now that the curbs are gone, India is stepping up its effort to show American consumers what they\'ve been missing Source: Moneycontrol Top Headlines | 17 May 2008 | 2:05 pm
Forex derivative products are now under investigation, not from shareholders, but from the enforcement Directorate for possible FEMA violation. Source: Moneycontrol Top Headlines | 17 May 2008 | 1:41 pm
Shailesh Rao that Google is young company. They have been around only for 8 or 9 years. He said that India is a culture thats always has been focused on education. Rao added that India is absolutely ready for the the digital information age. Source: Moneycontrol Top Headlines | 17 May 2008 | 1:28 pm
Bangaloreans are now getting ready to sprint into action for the Sunfeast 10 Km run this Sunday. And it was found that most people who have signed up for this is an excuse to get back in shape. Source: Moneycontrol Top Headlines | 17 May 2008 | 1:08 pm
Who is the public in a Public Listed Company? The answer to that question will impact every single of the 5,000 odd listed companies in India because under SEBIs continuous listing requirements starting May 1 all listed companies will have to necessarily have a minimum public shareholding of either 10% or 25%. Source: Moneycontrol Top Headlines | 17 May 2008 | 12:52 pm
Oil marketing companies already under a cash crunch face further squeeze, and that is because the Finance Ministry has pared the under recoveries to just Rs70579 cr down from the earlier estimate of Rs77000 cr and by just covering 50% of this through bonds, these OMCs face a double whammy. Source: Moneycontrol Top Headlines | 17 May 2008 | 12:13 pm
Manufacturers of fast moving consumer goods (FMCG) are reeling from high inflation as their input costs have gone up while their sales have stagnated, says a leading industry group. Source: IndiaeNews.com: Business News | 17 May 2008 | 12:00 pm
HSBC plans to make an acquisition through its group subsidiaries, HSBC Securities and Capital Markets (India). It will acquire 73.21% stake in ILFS Investmart at Rs 200 per share for USD 241.6 million. HSBC will pay ILFS USD 19.4 million or Rs 82 crore as a part of threeyear noncompete agreement. Source: Moneycontrol Top Headlines | 17 May 2008 | 11:58 am
Country's leading power company NTPC Ltd today said it has been ranked No.1 in 'Best Workplaces for Large Organisations' in the country. Source: Daily News & Analysis: Money News | 17 May 2008 | 11:47 am
Cyril Shorff, Amarchand Mangaldas, Rajiv Sahney, NV Advisory Services and Avnish Bajaj, Matrix Capital Partners spoke to CNBCTV18. One of the prime issues of concern is of Governance Rights private equity investors hope to have a say in a companys fundamental issues. Another issue is of share reclassification. Source: Moneycontrol Top Headlines | 17 May 2008 | 11:46 am
Car maker Honda Siel Cars India on Saturday announced the launch of its premium eighth generation Honda Accord here, priced at Rs 16.52 lakhs. Source: Daily News & Analysis: Money News | 17 May 2008 | 11:36 am
Kerala Chief Minister V.S. Achuthanandan Saturday announced that the government would soon start a new company in which non-resident Indians from Kerala can invest. Source: IndiaeNews.com: Business News | 17 May 2008 | 11:31 am
Reliance BIG Entertainment, the media and entertainment arm of the Anil Dhirubhai Ambani group has finalised a slate of 69 films for production and distribution over the next two years. Source: Daily News & Analysis: Money News | 17 May 2008 | 11:26 am
MUMBAI (Reuters) - India's Bharti Airtel Ltd and South African telecoms operator MTN Group may complete their merger talks this weekend, India's Mint newspaper reported on Saturday, citing financial industry sources.
Tata Teleservices announced unlimited free local calls on its network on all new prepaid connections for the first two months. Source: Daily News & Analysis: Money News | 17 May 2008 | 11:04 am
Bollywood star Aamir Khan, who usually stays away from public functions, and director Rakeysh Mehra inaugurated PVR Cinemas' third multiplex in the city that boasts of state-of-the-art facilities. Source: IndiaeNews.com: Business News | 17 May 2008 | 10:30 am
Global financial giant HSBC said it plans to acquire 73.21 per cent stake in domestic brokerage firm IL&FS Investsmart for a consideration of 241.6 million dollars. Source: Daily News & Analysis: Money News | 17 May 2008 | 10:27 am
TEHRAN (Reuters) - Iran's oil minister rejected on Saturday any idea of OPEC raising production, saying it would fail to ease record prices as the market was already "saturated" with oil.
A special filtration technique to enhance the shelf life of Neera, a sweet juice tapped from the palm tree, could help make it available to people all over the country. Source: Daily News & Analysis: Money News | 17 May 2008 | 9:31 am
Profit for China's listed companies may grow 20 percent this year despite the strong quake that shook southwestern China, according to a senior official with JPMorgan Chase. Source: IndiaeNews.com: Business News | 17 May 2008 | 9:30 am
MUMBAI (Reuters) - India's top oil explorer, Oil and Natural Gas Corp (ONGC) expects gross billing margins at $110 per barrel in April-May, its top executive told the Business Standard in an interview published on Saturday.
Excise realisations from the big two Tata Motors and Bajaj Auto in the Pimpri Chinchwad industrial region dropped considerably during 200708 compared to the previous fiscal, but newer players like Mercedes Benz and JCB India Ltd have helped soften what might have otherwise been a Rs 200crore loss in revenues. Source: Moneycontrol Top Headlines | 17 May 2008 | 8:30 am
Behind the glitz and glamour of the Cannes film festival, it is hard business for the Indian filmmakers and entertainment houses camping there. Deals are being inked and announcements of tie ups made during the prestigious festival that began Wednesday. Source: IndiaeNews.com: Business News | 17 May 2008 | 5:31 am
GRUH Finance Limited, a housing finance company and a subsidiary of HDFC Ltd, has expanded its reach to two more states and is aiming to achieve disbursement of Rs.10 billion by 2009-2010. Source: IndiaeNews.com: Business News | 17 May 2008 | 5:30 am
The Indian equities market shrugged off high inflation and rising crude oil prices and surged ahead this week. Source: IndiaeNews.com: Business News | 17 May 2008 | 5:30 am
A special filtration technique to enhance the shelf life of Neera, a sweet juice tapped from the palm tree, could help make it available to people all over the country. Source: IndiaeNews.com: Business News | 17 May 2008 | 4:00 am
With the launch of the Indian Premier League (IPL), sports as business has arrived in India, like in the United States and Europe. According to estimates, trade in sports-related activities is five percent or more of world trade. In India it is cricket for now that is flush with entrepreneurial money but with time we may see the same phenomenon in other sports such as hockey and football. Source: IndiaeNews.com: Business News | 17 May 2008 | 3:01 am
Bollywood corporate houses are venturing into co-production in association with American and European studios. But UTV has gone a step further by producing its first Hollywood film, which is being shot in Texas. Source: IndiaeNews.com: Business News | 17 May 2008 | 3:00 am
NEW YORK (Reuters) -U.S. stocks will face major obstacles to extending their gains next week if the price of oil continues to break records, as fears about inflation and the discretionary spending power of the embattled American consumer are forced into the spotlight.
SEATTLE (Reuters) - Microsoft Corp sees tens of millions of corporate e-mail accounts moving to its data centers over the next five years, shifting to a business model that may thin profit margins but generate more revenue.
NEW YORK (Reuters) - New York City, long a place where counterfeit watches and fake designer handbags are sold on street corners, is unveiling an ad campaign warning consumers of the human cost of indulging in knockoffs.
Thiruvananthapuram, May 16 Thursday’s well marked low-pressure area over east-central and adjoining northeast Bay of Bengal has weakened overnight into a conventional ‘low’ and lay over the coastal areas of Myanmar and ... Source: Business Line - Home Page | 17 May 2008 | 12:00 am
Chennai, May 16 Cellular phone services were the top category advertising on TV during the first quarter of 2008. According to a study by AdEx, Hindustan Unilever Ltd was the number one advertiser on TV during this period. The first ... Source: Business Line - Home Page | 17 May 2008 | 12:00 am
For airport talks: Members of Bangalore City Connect (from Left) Mr Mohandas Pai, Mr Lakshmi Narayan, Ms Kiran Mazumdar-Shaw, Mr Ramesh Ramanathan, Mr R.K. Mishra, and Mr Sudip Banerji at a press conference in Bangalore on ... Source: Business Line - Home Page | 17 May 2008 | 12:00 am
Tracking its Asian peers, the Sensex opened 96 points down on Monday at 16,641 from the previous close of 16,737. The bears came out with renewed vigour taking cues from the weak IIP data and hammered the Sensex down further, to test its day low ... Source: Business Line - Home Page | 17 May 2008 | 12:00 am
Even as soaring aviation turbine fuel (ATF) prices keep airlines grounded, the weakening rupee has added another layer of loss to their bottomlines. Source: Daily News & Analysis: Money News | 16 May 2008 | 10:22 pm
In just 30 days, it rose a whopping 5% from 42.85 to 40.85 against the US dollar. Exporters were shrieking, importers laughing all the way to the bank and the Sensex shimmering. Source: Daily News & Analysis: Money News | 16 May 2008 | 10:21 pm
It is here that weather derivatives play a key role. These act as a hedging mechanism against sudden changes in weather. Source: Daily News & Analysis: Money News | 16 May 2008 | 9:58 pm
The Supreme Court on Friday directed the banks involved in the Rs 5 crore fixed deposit encashment scam in Gujarat to get assistance from the Central Bureau of Investigation Source: Daily News & Analysis: Money News | 16 May 2008 | 9:57 pm
NEW YORK (Reuters) - U.S. stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.
NEW YORK (Reuters) - Oil shot to a record high near $128 a barrel on Friday as a bullish price forecast from investment bank Goldman Sachs drowned out an offer of more supply from OPEC kingpin Saudi Arabia.
Central tax return processing centres being set up in five major cities.??Taxpayers who are unable to file returns in the ward in which they are assessed to pay tax will be able to file their returns anywhere in the country from 2009-10, following enhanced computerisation in the income tax department. Source: Business Standard | Front Page Headlines | 16 May 2008 | 6:52 pm
The Maharashtra government is reconsidering the bid by a consortium of Anil Dhirubhai Ambani Group company Reliance Energy Ltd (REL) and Hyundai for the Rs 6,000-crore, 22-km, six-lane Mumbai Trans Harbour Link (MTHL) between Sewri and Nava Sheva on grounds that the "concession period" under which it will operate and collect toll are unrealistically low. Source: Business Standard | Front Page Headlines | 16 May 2008 | 6:49 pm
NEW YORK (Reuters) - Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.
YEKATERINBURG, Russia (Reuters) - The world's biggest emerging market economies -- Brazil, Russia, India and China -- agreed on Friday to formalise their "BRIC" club for the first time to affirm their global economic clout.
