ICRIER sees no major impact on kirana shops after the entry of retail chains, reports CNBCTV18. ICRIER committee, which was set up to study the impact of big retail chains on small retailers, will submit it\'s report on Monday. Source: Moneycontrol Top Headlines | 24 May 2008 | 7:16 pm
Allaying fears of travel agents, IATA said that interline e-ticketing agreements would cover about 90% of interline travel by May 31. Source: Daily News & Analysis: Money News | 24 May 2008 | 2:23 pm
SINGAPORE (Reuters) - East Timor will have $3 billion by end-2008 in a sovereign wealth fund and may hire fund managers to diversify its U.S. Treasury holdings into better performing assets, President Jose Ramos-Horta told Reuters on Saturday.
The government Saturday announced a $2-billion public-private partnership to provide broadband and internet connectivity in country's rural areas. Source: IndiaeNews.com: Business News | 24 May 2008 | 1:30 pm
Reliance Anil Dhirubhai Ambani Group (ADAG) has launched a website - www.bigflix.com - that will allow users to view movies online or download these for a fee. Source: Daily News & Analysis: Money News | 24 May 2008 | 1:24 pm
Former defence personnel, protesting the recommendations of the Sixth pay Commission, have decided to go on a hunger strike here Thursday and later follow up with rallies across the country. Source: IndiaeNews.com: Business News | 24 May 2008 | 1:02 pm
Reliance Anil Dhirubhai Ambani Group (ADAG), which has one of largest online movie rental services in collaboration with BIGFlix, has launched a website - www.bigflix.com - that will allow users to view movies online or download these for a fee through its broadband service. Source: IndiaeNews.com: Business News | 24 May 2008 | 1:01 pm
KOBE, Japan (Reuters) - Big emerging economies called on rich countries to help finance clean energy technologies on Saturday as a meeting of environment ministers sought to add momentum to the fight against climate change.
The ICICI Prudential Life Insurance,
has completed seven years of operations and has sustained its
leadership position during this period, a top company
official said. Source: Zee News : Business | 24 May 2008 | 12:22 pm
Life India Corporation (LIC) has launched its Unit Linked Endowment Plan, Money Plus 1, which offers both investment and insurance benefits. Source: Zee News : Business | 24 May 2008 | 12:22 pm
India`s telecom giant Bharti
Airtel on Saturday announced to pull out of negotiation from an
estimated USD 45 billion acquisition of South African
telecom entity MTN, accusing that the latter had deviated from
agreed terms. Source: Zee News : Business | 24 May 2008 | 12:22 pm
The farm loan waiver just got bigger by Rs 11,680 crores or 20% more than what was announced in the Union Budget in February. Source: Daily News & Analysis: Money News | 24 May 2008 | 12:22 pm
Bharti Airtel has pulled out of talks with MTN, reports CNBCTV18, quoting sources. It had signed a term sheet on May 16 which was presented to MTN. However, the latter came back with fresh proposal on Thursday which was not accepted by Bharti. Source: Moneycontrol Top Headlines | 24 May 2008 | 12:21 pm
Pranab Mukherjee said it is indisputable that human capital is the DNA for business excellence and "we need skilled manpower for better economic growth". Source: Daily News & Analysis: Money News | 24 May 2008 | 12:19 pm
MUMBAI/JOHANNESBURG (Reuters) - India's Bharti Airtel Ltd said on Saturday it had ended takeover talks with South Africa's MTN Group after failing to agree on which company will control a combined entity.
Taking into account global trends and job opportunities in the sector, the Aligarh Muslim University is set to offer a course on Islamic banking and finance from the next academic year, said an AMU official Saturday. Source: IndiaeNews.com: Business News | 24 May 2008 | 12:01 pm
The UN Economic and Social Council (Ecosoc) has urged the international community to work together. Source: Daily News & Analysis: Money News | 24 May 2008 | 12:00 pm
The talks between Bharti Airtel and South Africa's MTN to create the world's sixth-largest mobile phone company in a deal said to be worth $45 billion has been called off. Source: Daily News & Analysis: Money News | 24 May 2008 | 11:57 am
The Indian telecom market has come into sharp focus in the Gulf with a number of telecom operators of the region expressing their intention to foray into the subcontinent. Source: Daily News & Analysis: Money News | 24 May 2008 | 11:52 am
NDTV Lumière, which aims to premiere the best of world cinema in Indian theatres, will make its multiplex debut with the Spanish horror thriller "Orphanage" ("El Orfanato") on May 30. Source: Daily News & Analysis: Money News | 24 May 2008 | 11:51 am
Oil marketing companies seem to be getting desperate to shield themselves against mounting underrecoveries. Indian Oil Corporation is seeking shareholder approval via postal ballot to increase its working capital borrowings. Source: Moneycontrol Top Headlines | 24 May 2008 | 11:39 am
Union Finance Minister P Chidambaram will be on a day`s visit to Puducherry on June one, PCC president A V Subramanian said . Source: Daily News & Analysis: Money News | 24 May 2008 | 11:38 am
JOHANNESBURG (Reuters) - South Africa's MTN will update shareholders about talks with Indian mobile phone operator Bharti Airtel on Monday, a spokeswoman for the company said on Saturday.
External Affairs Minister Pranab Mukherjee Saturday said it is indisputable that human capital is the DNA for business excellence and 'we need skilled manpower for better economic growth'. Source: IndiaeNews.com: Business News | 24 May 2008 | 10:30 am
The stage is finally set for roll out of 3G services. Telecom Minister A Raja says guidelines for 3G auctions will be issued in June and that 3G services will be made available by the end of this year. Source: Moneycontrol Top Headlines | 24 May 2008 | 10:00 am
Microsoft has adopted a threepronged approach to tackle the problem of software piracy, which accounted for losses of $48 billion globally in 2007. Source: Moneycontrol Top Headlines | 24 May 2008 | 9:21 am
Moser Baer Solar Plc, a subsidiary of optical storage device manufacturer Moser Baer India Ltd, plans to raise up to $150 million. The board of directors of Moser Baer has given its nod for the proposal. Source: Moneycontrol Top Headlines | 24 May 2008 | 9:19 am
Infosys Technologies Ltd, the countrys second largest IT service provider, said it is actively looking for acquisitions in Europe to increase its presence in the European markets. Source: Moneycontrol Top Headlines | 24 May 2008 | 9:18 am
In a bid to cater to its booming subscriber base, Bharti Airtel is undertaking a makeover of its customer services processes including organisational restructuring and deploying better technologies. Source: Moneycontrol Top Headlines | 24 May 2008 | 9:16 am
The antidumping ruling on the imports of truck and bus tyres in July 2007 does not seem to have reduced the share of Chinese tyres in the domestic replacement market, as the price difference in the product made in the two countries continues to be in the range of 1030 per cent. Source: Moneycontrol Top Headlines | 24 May 2008 | 9:14 am
Though a USbased private equity fund has already completed the due diligence at Kinetic Motor Company (KMC) and evaluated it in the region of Rs 125 crore, a source close to the development says that it is Mahindra and Mahindra (MM) which is currently assessing the deal to acquire a majority stake, which has the preferred suitor status. Source: Moneycontrol Top Headlines | 24 May 2008 | 9:12 am
HONG KONG/SHANGHAI (Reuters) - China will issue three licences for high-speed third-generation mobile phone services and called for a merger of China Unicom and Netcom, two of its four big telecoms providers, in a long-awaited industry revamp.
BEIJING (Reuters) - China, the world's top coal producer and consumer, may turn into a net coal importer this year due to shipping bottlenecks, the head of the China Coal Transport and Sales Association said on Saturday.
Rising price of crude oil and spiralling inflation weighed heavily on the Indian equities market, which slumped more than 750 points this week. Of the four trading sessions, three ended in negative. Source: IndiaeNews.com: Business News | 24 May 2008 | 7:31 am
The talks between India's leading telecom company Bharti Airtel and South Africa's MTN to create the world's sixth-largest mobile phone company in a deal said to be worth $45 billion has been called off, it was announced Saturday. Source: IndiaeNews.com: Business News | 24 May 2008 | 7:30 am
An Indian company, Technology Frontiers, is entering European football stadiums with giant and small screens, breaking the hold of European and American digital screen solution outfits on the market. Source: IndiaeNews.com: Business News | 24 May 2008 | 7:02 am
Leading Indian telecom services major Bharti Airtel Saturday said it has called off talks with South Africa's MTN for a possible merger. Source: IndiaeNews.com: Business News | 24 May 2008 | 7:01 am
NEW YORK (Reuters) - Oil rose on Friday on the weak U.S. dollar and ongoing long-term supply concerns that briefly pushed oil to a peak over $135 this week.
Thiruvananthapuram, May 23 India Meteorological Department on Friday maintained the watch for a ‘low’ in the southeast Arabian Sea even as the capricious westerlies forced the European Centre for Medium-Range Weather Forecasts ... Source: Business Line - Home Page | 24 May 2008 | 12:00 am
On Tuesday, the Sensex opened on a weak note taking cues from weak asian indices. Market participants were on jitters as oil prices scaled new peaks. The Sensex surrendered nearly 200 points to finish the day at 17,230. To sum up the week, the ... Source: Business Line - Home Page | 24 May 2008 | 12:00 am
Surpassing all expectations — official and unofficial — wheat procurement by the Government agencies has hit an all-time-high during the current 2008-09 rabi marketing season (April-March). As on Friday, Food Corporation of ... Source: Business Line - Home Page | 24 May 2008 | 12:00 am
The much-awaited and equally delayed guidelines for launching third generation (3G) and WiMax services is likely to issued by the government in June. Source: Daily News & Analysis: Money News | 23 May 2008 | 10:03 pm
Retail price rise 'inevitable', says secy, but Cabinet approval awaited. ??Stocks of cash-strapped oil companies spurted on hopes that the government would announce a bail-out package that would include a rise in retail prices of fuels and a reduction in import and excise duties. Source: Business Standard | Front Page Headlines | 23 May 2008 | 6:52 pm
Seven million more farmers to benefit. ??Responding to pressures within government, the farm debt waiver and relief scheme has been enhanced to Rs 71,680 crore from the earlier Rs 60,314 crore, even as its coverage was widened to include 7 million more marginal and small farmers, taking the number of beneficiaries to 43 million from the originally proposed 40 million. Source: Business Standard | Front Page Headlines | 23 May 2008 | 6:48 pm
BRUSSELS (Reuters) - Europe's biggest employers lobby slammed a new set of World Trade Organisation proposals intended to unblock a global trade deal on Friday, saying they were a "step backwards".
NEW DELHI (Reuters) - India is set to raise petrol and diesel prices to keep pace with crude oil's record run but the move will fuel inflation, heaping more pressure on a government struggling to calm prices ahead of elections.
MUMBAI (Reuters) - Communist parties that shore up the ruling coalition said on Friday they oppose any move to raise petrol and diesel prices to ease losses at state oil firms hit by surging crude rates.
