Catholic Syrian Bank is set to scale up its operations in this financial year by increasing its branch strength and acquiring more customers in the high networth and retail segments. Source: Daily News & Analysis: Money News | 25 May 2008 | 12:58 pm
Reliance Communications has emerged as the favourite in global merger talks with the African mobile phone operator MTN, the Sunday Times reported. Source: Daily News & Analysis: Money News | 25 May 2008 | 12:18 pm
BSNL may be behind the Bharti and Vodafone in subscriber numbers but the state-run company remains the top revenue earning telecom firm Source: Daily News & Analysis: Money News | 25 May 2008 | 12:17 pm
Torn between protecting the poor and saving their budgets, governments across Asia are being forced to slash fuel subsidies as world oil prices smash through 130 dollars a barrel. Source: Zee News : Business | 25 May 2008 | 12:01 pm
Determined to protect interest of its farmers and nascent industries, India will press for changes in the latest WTO proposals on agriculture and industrial goods as hard negotiations begin tomorrow in Geneva on the much-delayed Doha Round. Source: Zee News : Business | 25 May 2008 | 12:01 pm
India is keen on having an `open sky` policy with the United Kingdom to keep pace with the burgeoning air travel between the two countries. Source: Zee News : Business | 25 May 2008 | 12:01 pm
Companies can treat expenditure
incurred on participating in autoexpo and other exhibitions as
business expenses and claim tax benefits, the Income Tax
Appellate Tribunal has said in a recent decision. Source: Zee News : Business | 25 May 2008 | 12:01 pm
Venezuelan President Hugo Chavez has said the world economy must grow accustomed to the high price of oil - currently above USD 130 a barrel - because there`s `no limit` to how high it can go, EFE news agency reported Sunday. Source: Zee News : Business | 25 May 2008 | 12:01 pm
Country`s mutual fund industry is expected to see its assets more than double to Rs 12.8 trillion by 2012, with the entry of over 15 new fund houses in the near future, a latest report says. Source: Zee News : Business | 25 May 2008 | 12:01 pm
These actions are an involuntary admission on Bachchan's part that his iconic status notwithstanding, he is a brand in the market and has to fight for his place Source: Daily News & Analysis: Money News | 25 May 2008 | 11:38 am
The Reserve Bank of India is likely to come out with guidelines on Foreign Currency Exchangeable Bonds (FCEBs) within a month. Source: Daily News & Analysis: Money News | 25 May 2008 | 10:56 am
MADRID (Reuters) - Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.
TEHRAN (Reuters) - Iran will seek to boost its oil output to 4.3 million barrels per day (bpd) by next March from 4.2 million bpd now, the head of the state oil company was quoted as saying on Sunday.
MUMBAI (Reuters) - South African mobile operator MTN Group is in talks to combine with Reliance Communications after rival Bharti Airtel Ltd. called off negotiations with MTN, the Wall Street Journal said.
Lohia Group is planning to invest up to Rs 350 crore in developing three projects in the National Capital and Uttar Pradesh by 2011. Source: Daily News & Analysis: Money News | 25 May 2008 | 8:15 am
Apollo Tyres plans to invest Rs 2,000 crore in the next three years to increase its production capacity both in the country and abroad. Source: Daily News & Analysis: Money News | 25 May 2008 | 8:14 am
Mutual fund industry is expected to see its assets more than double to Rs 12.8 trillion by 2012, with the entry of over 15 new fund houses in the near future, a latest report says. Source: Daily News & Analysis: Money News | 25 May 2008 | 8:13 am
Diversified business conglomerate Chadha Group is making a foray into the beer segment in the next one year, with plans to invest around Rs 130 crore to set up a greenfield brewery. Source: Daily News & Analysis: Money News | 25 May 2008 | 8:12 am
A consumer court here has asked Bajaj Allianz General Insurance Company to pay Rs 2.6 lakh, including insurance claim of a Maruti van. Source: Daily News & Analysis: Money News | 25 May 2008 | 8:11 am
Hit by a spate of killings, railway contractors engaged in several major projects in Assam Sunday refused to return to rebel-infested areas until normalcy returns, throwing ongoing schemes worth Rs.16.77 billion into jeopardy. Source: IndiaeNews.com: Business News | 25 May 2008 | 8:02 am
The tight monetary policy stance of the Reserve Bank of India (RBI) has caused a decline in industrial growth, according to a study by the Federation of Indian Chambers of Commerce and Industry (Ficci). Source: IndiaeNews.com: Business News | 25 May 2008 | 7:03 am
India's Business Confidence Index (BCI) for the first half of 2008-09 has moderated by 5.3 points on concerns of global economic uncertainties and high interest rates, a Confederation of Indian Industry (CII) survey suggests. Source: IndiaeNews.com: Business News | 25 May 2008 | 7:01 am
The Board for Industrial and Financial Reconstruction (BIFR), which ordered the rehabilitation of Surat Textile Mills Ltd located in Surat city, has appointed C.K. Koshi, a senior bureaucrat in the Gujarat government, as a special director of the company. Source: IndiaeNews.com: Business News | 25 May 2008 | 7:00 am
The Indian textile industry is expected to achieve $55 billion of investments by 2010 and create employment for 65.4 million, provided reforms are initiated at quicker speed, according to The Associated Chambers of Commerce and Industry of India (Assocham). Source: IndiaeNews.com: Business News | 25 May 2008 | 4:31 am
The HSBC group has acquired 73.21 per cent stake in the listed retail broking firm IL&FS Investsmart Ltd in an all cash deal for Rs 1,084.5 crore at Rs 200 per share. The price also includes Rs 82 crore paid as part of a three-year non-compete .. Source: Business Line - Home Page | 25 May 2008 | 12:00 am
New Delhi, May 24 The Central Board of Direct Taxes (CBDT) has come up with new instructions for the tax department on the issue of filing of its appeals before the Income Tax Appellate Tribunals (ITAT), High Courts and Supreme Court, ... Source: Business Line - Home Page | 25 May 2008 | 12:00 am
Mumbai, May 24 The Bombay Stock Exchange has cautioned investors against dealing in Z category scrips without performing due diligence on them, in the light of the unrealistic price rise recorded by KGN Industries and Sylph Technologies last ... Source: Business Line - Home Page | 25 May 2008 | 12:00 am
Life Insurance Corporation of India (LIC), which is among the largest property owners in India, is planning to acquire land worth Rs 2,000 crore this year to develop commercial and residential complexes. Source: Business Standard | Front Page Headlines | 24 May 2008 | 11:33 pm
The seventeen-year-old wait by Bangaloreans finally ended on Friday night ?- The swanky new Bengaluru international airport at Devanahalli became operational when the Indian IC 609 from Mumbai made a touch-down at 22:37 pm. Source: Business Standard | Front Page Headlines | 24 May 2008 | 11:32 pm
The abnormal price rise in two penny stocks ? KGN Industries and Sylph Technologies ? will top the agenda of the weekly surveillance meeting that the Securities and Exchange Board of India holds with stock exchanges. Source: Business Standard | Front Page Headlines | 24 May 2008 | 11:31 pm
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
Bharti has pulled out of the MTN deal citing too many movements from the latter\'s side as reason for the talks being called off. The Indian telecom major had signed the term sheet on May 16 which was presented to MTN, which then came out with a fresh proposal on Thursday. That was unacceptable to Bharti. Source: Moneycontrol Top Headlines | 24 May 2008 | 6:53 pm
The Oil and Natural Gas Corporation (ONGC) Ltd has bagged the United Nations (UN) registration for its fourth Clean Development Mechanism (CDM) project, which will help the company annually earn Rs.7.7 million over the next 10 years. Source: IndiaeNews.com: Business News | 24 May 2008 | 6:32 pm
The Bengaluru International Airport Saturday handled 341 air traffic movements, including 172 arrivals and 159 departures, setting a record of sorts on the inaugural day of commercial operations. Source: IndiaeNews.com: Business News | 24 May 2008 | 6:31 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.
FRANKFURT (Reuters) - Italian carmaker Fiat has held talks with U.S. rival Chrysler in recent weeks over various forms of cooperation, Alfa Romeo brand chief Luca de Meo told German magazine WirtschaftsWoche in a story published on Saturday.
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
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.
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
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
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.
