Five Indians, including Ranbaxy
Chief Malvinder Mohan Singh, have been named among the 40 most
influential people in the global pharmaceutical industry by a
UK magazine for their contribution to this business. Source: Zee News : Business | 18 May 2008 | 11:00 am
US President George W Bush has said that a hike in oil output by Saudi Arabia would not solve American energy problems. Source: Zee News : Business | 18 May 2008 | 11:00 am
The European Bank for Reconstruction and Development begins its annual meeting here on Sunday to discuss the impact of global economic turmoil and soaring food prices in the former Soviet bloc. Source: Zee News : Business | 18 May 2008 | 11:00 am
SHARM EL-SHEIKH, Egypt (Reuters) - U.S. President George W. Bush will warn Arab leaders on Sunday that their oil supplies are limited and they need to diversify their economies.
SHARM EL-SHEIKH, Egypt (Reuters) - Tecom Investments, owned by the ruler of Dubai, is in preliminary talks on a joint venture with Dell Inc. and says it expects to make up to three acquisitions in the Middle East and Africa this year, including a mobile phone firm.
MILAN (Reuters) - Iveco, the truck maker owned by Italy's Fiat, expects to resume talks soon with India's Tata on possible accords, the unit's chief executive, Paolo Monferino, told Il Giornale newspaper.
If Ravi Singh, CEO of one of America's first internet electioneering sites, has his way, Indian political parties will be campaigning on the web in the next round of elections. Source: Daily News & Analysis: Money News | 18 May 2008 | 10:08 am
TAIPEI (Reuters) - A high-ranking Taiwan official will sign a weekend charter flight agreement with China next month, marking the latest breakthrough in cross-strait ties, the Economic Daily reported on Sunday.
Inflation, may be understated and the rate of price rise could be higher as global prices of various commodities have not been accounted for, say leading economists from HDFC Bank and Crisil. Source: Daily News & Analysis: Money News | 18 May 2008 | 9:46 am
Hero Electric will invest around Rs 80 crore in the next three years to nearly double capacity of its electric vehicles manufacturing plant in Ludhiana and step up R&D activities. Source: Daily News & Analysis: Money News | 18 May 2008 | 9:28 am
Leading Indian mobile phone operator Bharti Airtel has said it will commence its operations in Sri Lanka this year. Source: Daily News & Analysis: Money News | 18 May 2008 | 9:03 am
Reliance Big Entertainment made its foray into Hollywood, with the announcement of deals with celebrities including Angelina Jolie, Julia Roberts, Brad Pitt and Nicolas Cage. Source: Daily News & Analysis: Money News | 18 May 2008 | 8:57 am
After engineers and lawyers, now doctors are also gearing up to join the BPO brigade, with the outsourcing firms opening up alternative career options for medicos. Source: Daily News & Analysis: Money News | 18 May 2008 | 8:52 am
The Indian software industry lost about two billion dollars of revenue this year due to use of pirated software, a study has said. Source: Daily News & Analysis: Money News | 18 May 2008 | 8:18 am
A large Cuban trade delegation has arrived in India looking for cooperation in cars, pharmaceuticals, tourism and more. Of course, armed with its famous rum and cigars, the hardline communist state that is gradually opening up its economy to outsiders also has a lot on offer. Source: IndiaeNews.com: Business News | 18 May 2008 | 7:31 am
Is there anything common between US President George W. Bush and the 18th century British political economist Thomas Malthus? Most unlikely. But Bush's 'discovery' that the growing 'prosperity' of India has shot up global demand for food brings back the 'Malthusian Catastrophe' to the centre of the global food debate. Source: IndiaeNews.com: Business News | 18 May 2008 | 5:30 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.
Mumbai, May 17 Share broking has been an extremely profitable business in India in recent years, as the results of some of the listed firms show (see table). “The last four-five years have been fantastic for the retail broking ... Source: Business Line - Home Page | 18 May 2008 | 12:00 am
BL Research Bureau The Sensex has gained close to 6 per cent over the past month, but that has made little difference to the portfolios of foreign institutional investors (FIIs). The steep depreciation of the rupee against the dollar ... Source: Business Line - Home Page | 18 May 2008 | 12:00 am
The money earmarked for an IPO will now remain in the applicant's bank account till allotment is finalised, thus eliminating the refund process, according to SEBI. This money will not be used for any other payment obligation during that ... Source: Business Line - Home Page | 18 May 2008 | 12:00 am
New Delhi, May 17 Skill development and unemployment are a core concern not just in India but worldwide, and public private partnerships are the key to realising India’s vast potential in this area and achieving socially equitable and ... Source: Business Line - Home Page | 18 May 2008 | 12:00 am
Mumbai-based low-cost carrier GoAir has decided to stop its flights to Chennai from the coming week. Source: Business Standard | Front Page Headlines | 17 May 2008 | 11:27 pm
After the CPI(M), the crucial partner of the ruling UPA government, raised its voice against any attempt to shut down three public sector vaccine manufacturing units, Union Health Minister Anbumani Ramadoss has quickly moved to announce that it will upgrade the units and ?do everything to protect their interest'. Source: Business Standard | Front Page Headlines | 17 May 2008 | 11:26 pm
The Hongkong and Shanghai Banking Corporation (HSBC) has acquired a 73.21 per cent stake in IL&FS Investsmart, a leading retail brokerage house in India, for a consideration of Rs 1,110 crore ($261 million). Source: Business Standard | Front Page Headlines | 17 May 2008 | 11:25 pm
The government's wheat procurement this year is set to touch an all-time high of 21 million tonnes by the end of the next week. Source: Business Standard | Front Page Headlines | 17 May 2008 | 11:25 pm
Regulator seeks data from eight banks.??The Reserve Bank of India (RBI) scanner on banks with exposures to exotic derivatives has now turned to several high-profile foreign banks. Source: Business Standard | Front Page Headlines | 17 May 2008 | 11:24 pm
Mumbai airport has been voted the best airport in India in a survey conducted by the Airport International Council, a body of operators who collectively manage over 1,600 airports worldwide. Source: IndiaeNews.com: Business News | 17 May 2008 | 7:00 pm
The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) is set to acquire through its group subsidiaries a major stake in India's leading retail brokerage house IL and amp;FS Investsmart Ltd (IIL). Source: IndiaeNews.com: Business News | 17 May 2008 | 4:31 pm
First, it was information technology, then came biotechnology and now Pune's heavyweights want to make a mark in the animation sector. Source: IndiaeNews.com: Business News | 17 May 2008 | 4:31 pm
Prime Minister Manmohan Singh Saturday held out the hope that there would be moderation in inflation in the coming few weeks if this year's monsoons are normal and added that the situation would be better after Sep 15. Source: IndiaeNews.com: Business News | 17 May 2008 | 4:30 pm
In spite of initial discouraging reports, Mukesh Bhatt's film 'Jannat' recorded 85 percent collection in Mumbai on the first day of its release Friday. Source: IndiaeNews.com: Business News | 17 May 2008 | 3:02 pm
Lenovo, Chinese manufacturer of PCs and partner of the Beijing Olympic torch relay, Saturday launched its second phase of three online auctions in India as part of the countdown to the games. Source: IndiaeNews.com: Business News | 17 May 2008 | 3:01 pm
Many foreign airlines are now taking off from Indian airports during daylight hours, a government official said Saturday. Source: IndiaeNews.com: Business News | 17 May 2008 | 3:00 pm
Central Health Minister Anbumani Ramadoss Saturday defended the government's decision to close India's three prime vaccine production facilities and denied charges that the move would create shortage of vaccines in the country. Source: IndiaeNews.com: Business News | 17 May 2008 | 3:00 pm
Food and beverage management firm Finewinesnmore will bring premium segment rum 'Rhum Clement' in the domestic market in the price range of Rs 1,500-2,500. Source: Daily News & Analysis: Money News | 17 May 2008 | 2:36 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
State-run Mahanagar Telephone Nigam Ltd on Saturday announced to reduce the STD rates of its GSM service to Rs 1.25 per minute, moving a step ahead of the private telcos. Source: Daily News & Analysis: Money News | 17 May 2008 | 1:42 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
Terming its prize scheme on more talk-time usage a case of "corporate greed", a consumer court has imposed a fine of Rs.5 million on leading mobile service provider Vodafone Essar. Source: Daily News & Analysis: Money News | 17 May 2008 | 1:12 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
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
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
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.
