Public sector banks are expecting the government to transfer the promised Rs 25,000 crore on to their account, in exchange for the loans they have written off. The loan amount has already been writtenoff by banks. But they will receive some part of it from the government and that is likely to come by the end of June. Source: Moneycontrol Top Headlines | 21 May 2008 | 5:49 pm
The British government has stepped in to support Tata\'s Jaguar and Land over brands against the tough new proposals that the EU (European Union) is considering on capping emissions. Source: Moneycontrol Top Headlines | 21 May 2008 | 5:36 pm
The Deputy Chairman of the Planning Commission is confident that inflation will moderate in a few months. In fact, Singh is bullish on global growth and said it will be back on track by the end of this calendar year. Source: Moneycontrol Top Headlines | 21 May 2008 | 5:11 pm
In midst of controversy and protest surrounding the closing down of the old HAL airport in Bangalore the Siemensled consortium that has built the new Bengaluru International Airport (BIAL) is gearing up for launch on the 23 of this month. Source: Moneycontrol Top Headlines | 21 May 2008 | 4:42 pm
Despite the depreciation of the rupee, Tirupur\'s textile exporters are not celebrating. They are still trying to figure out their losses under the derivative products they bought and sold last year. Source: Moneycontrol Top Headlines | 21 May 2008 | 4:24 pm
The State Bank of India, or SBI has withdrawn a Circular saying that it will resume lending in tractor loans. 48hours ago, it had decided to stop lending tractor loans temporarily. Source: Moneycontrol Top Headlines | 21 May 2008 | 3:10 pm
Prasanna Kumar, DirectorFinance, Neyveli Lignite, or NLC, said the company has received government sanction for distribution of 1,000 mw at Tuticorin. Source: Moneycontrol Top Headlines | 21 May 2008 | 2:16 pm
Indranil Pan, Chief Economist, Kotak Mahindra Bank estimates that the inflation would be around 7.70% or 7.80%, with pressures for it to move towards the 8% mark. Source: Moneycontrol Top Headlines | 21 May 2008 | 2:15 pm
MUMBAI (Reuters) - Infosys Technologies Ltd, India's No. 2 software services exporter, is seeing greater competition for talent, and expects higher salaries to help prevent attrition, a top company official said on Wednesday.
Firstsource has bagged a threeyear outsourcing contract from Bharti. The order is likely in the range of USD 3035 million over three years. Source: Moneycontrol Top Headlines | 21 May 2008 | 1:00 pm
LONDON (Reuters) - Oil climbed to a life-time high above $130 a barrel on Wednesday, driven higher by a combination of long-term production worries and a near-term focus on tight fuel stocks.
Venugopal Dhoot, CMD of Videocon Industries informed CNBCTV18 that his company has 25% interest in Ravva (Oil) Field along with Cairn and ONGC. The net profit from Ravva Field was Rs 400 crore last year at USD 60 per barrel, he said. He expects the net profit to be at Rs 800 crore, at USD 120 per barrel. Source: Moneycontrol Top Headlines | 21 May 2008 | 12:35 pm
NEW DELHI (Reuters) - India can grow by an average 9 percent annually in the five-year period ending 2011/12, despite a slowing expected this fiscal, the deputy chairman of Planning Commission said on Wednesday.
MUMBAI (Reuters) - Tata Motors Ltd, India's top vehicle maker, said on Wednesday its board will consider various options to raise long-term capital funds at a meeting on May 28.
MUMBAI (Reuters) - Indian shares reversed early losses and nudged higher on Wednesday, led by top listed Reliance Industries Ltd and helped by a firm opening in Europe, but record high oil prices were a concern.
The much awaited Bengaluru international airport at Devanahalli, about 40 km from this IT hub, will become functional from early friday morning. Source: IndiaeNews.com: Business News | 21 May 2008 | 12:01 pm
India's consumer durables giant Videocon will roll out mobile telephone services from Chennai Aug 15, Venugopal N. Dhoot, chairman of the Videocon Industries, said Wednesday. Source: IndiaeNews.com: Business News | 21 May 2008 | 12:01 pm
India must seek information from the Principality of Liechtenstein if its citizens have stashed away millions of dollars of ill-gotten wealth in the tax haven, Transparency International has said. Source: IndiaeNews.com: Business News | 21 May 2008 | 12:01 pm
Coal prices will not be hiked in the current fiscal, Minister of State for Coal Santosh Bagrodia said here Wednesday. Source: IndiaeNews.com: Business News | 21 May 2008 | 12:00 pm
The Indian equities markets that opened in the red Wednesday witnessed choppy trade but managed a recovery in the second half to close with a marginal gain. Oil and gas and metal stocks led the recovery on a day when global oil futures went above the $130 per barrel mark for the first time. Source: IndiaeNews.com: Business News | 21 May 2008 | 11:30 am
MUMBAI (Reuters) - India is expected to unveil rules for exchange-traded futures for currencies and interest rates in coming weeks and bankers say authorities will want tight controls on their use after recent losses on derivatives at local firms.
MUMBAI (Reuters) Rising inflation in India may continue to dent the appetite of gold buyers, yet a big fall in the metal's price would be an irresistible buying opportunity, traders and consumers said on Wednesday.
NEW DELHI (Reuters) - Motorola Inc has won a $90 million contract from state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) to supply GSM network equipment, the U.S.-based firm said in a statement on Wednesday.
Free software and open source tools are helping a range of Indian entrepreneurs to build software solutions that enhance the potential of computing for millions. Source: IndiaeNews.com: Business News | 21 May 2008 | 10:30 am
The country's largest public sector bank State Bank of India (SBI) retracted its decision not to give loans to farmers and apologised for the original decision. Source: Daily News & Analysis: Money News | 21 May 2008 | 10:00 am
Country's largest private telecom operator Bharti Airtel has signed a three-year outsourcing deal with BPO firm Firstsource Solutions. Source: Daily News & Analysis: Money News | 21 May 2008 | 9:28 am
Indian equities markets, which opened in the negative zone Wednesday, recovered by early afternoon. Source: IndiaeNews.com: Business News | 21 May 2008 | 9:03 am
India's largest private telecom provider Bharti Airtel and global BPO services provider Firstsource Solutions have signed a three-year outsourcing agreement. Source: IndiaeNews.com: Business News | 21 May 2008 | 9:03 am
Following an outcry, the country's largest public sector bank, State Bank of India (SBI), has retracted its decision not to give loans to farmers and has apologised for the earlier decision, describing it as a lapse. Source: IndiaeNews.com: Business News | 21 May 2008 | 9:02 am
Mukesh Ambani-led Reliance Industries has engaged two leading global HR consultancies -- Hewitt Associates and Hay Group -- for advising the company on its human resource programmes. Source: Daily News & Analysis: Money News | 21 May 2008 | 9:00 am
HERZLIYA, Israel (Reuters) - Microsoft Corp is not looking to bid to buy all of Yahoo Inc but is in talks about other types of deals with the U.S. No. 2 search engine, Microsoft CEO Steve Ballmer said on Wednesday.
The Indian equities markets opened in the negative zone Wednesday, tracking weak markets elsewhere in Asia. Source: Daily News & Analysis: Money News | 21 May 2008 | 8:00 am
MUMBAI (Reuters) - India's largest lender, State Bank of India, said on Wednesday it would resume tractor and farm equipment loans with immediate effect, having earlier suspended new loans because of rising defaults.
Chennai, May 20 The announcement by State Bank of India, the largest bank in the country, suspending new loans for buying tractors and farm equipment has evoked mixed response amongst financiers and manufacturers. Tractor ... Source: Business Line - Home Page | 21 May 2008 | 12:00 am
Farmers need not press the panic button, at least not yet. That seems to be the message from the chairman of the State Bank of India. Source: Daily News & Analysis: Money News | 20 May 2008 | 10:24 pm
The Supreme Court has held that banks should not dishonour commitments given to the investors or depositors. Source: Daily News & Analysis: Money News | 20 May 2008 | 10:23 pm
Home-grown Suzlon Energy is looking at selling a part of the stake it holds in German wind energy peer REpower. Or, is it? Source: Daily News & Analysis: Money News | 20 May 2008 | 10:21 pm
Education service provider Educomp Solutions is buying a 51% stake in US-based e-learning company Learning.com for $24.5 million. Source: Daily News & Analysis: Money News | 20 May 2008 | 10:19 pm
Bharat Forge is planning to unlock the value of its overseas assets by transferring them to a holding company and then listing it, a senior company official said on Tuesday. Source: Daily News & Analysis: Money News | 20 May 2008 | 10:19 pm
Tata Tea is eyeing yet another acquisition, after a stream of buyouts in the last couple of years. Source: Daily News & Analysis: Money News | 20 May 2008 | 10:18 pm
Delay raises doubts about govt's tax reform plans.??Around 2.2 million income tax payers, including nearly 400,000 companies, who filed their tax returns online in 2007-08, are in for a rude shock. Source: Business Standard | Front Page Headlines | 20 May 2008 | 6:34 pm
Top executives of a company, including the director or managing director in charge of the organisation, are liable for prosecution if a cheque signed by them bounces due to insufficient funds, the Supreme Court has said. Source: Business Standard | Front Page Headlines | 20 May 2008 | 6:34 pm
First tranche of funding for 13 projects disbursed under urban renewal scheme. ??Five state governments have been granted Rs 4,691 crore for 13 projects under the Jawahar Lal Nehru National Urban Renewal Mission (JNNURM), all of them for a Bus Rapid Transit (BRT) system, the efficacy of which is still being tested in its first trial ground in Delhi. Source: Business Standard | Front Page Headlines | 20 May 2008 | 6:32 pm
