Ashok LeyNissan has signed three joint ventures to develop, manufacture and sell light commercial vehicles and power trains. Ashok LeyNissan will invest USD 575 million in the venture. Source: Moneycontrol Top Headlines | 26 May 2008 | 1:14 pm
The prices of crude oil on futures
market on Monday surged 2.66 per cent in the early trade tracking
firm Asian market. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Tracking weak global cues, the
stock markets continued their downward movement with the BSE
benchmark Sensex losing about 233 points in the morning trade
on Monday. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Anil Ambani Group company
Reliance Communications on Monday announced entering into an
exclusive negotiations with South Africa`s telecom giant MTN
to discuss potential combination of their businesses. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Commercial vehicle manufacturer
Eicher Motors on Monday said its board has approved the draft
agreement to form a joint venture with Swedish truck major AB
Volvo. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Oil rose towards USD 133 a barrel on Monday, extending the previous session`s gains, due to a supply outage at the large Statfjord oilfield in the North Sea and a weak US dollar. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Rahul Bajaj led-Bajaj Auto on Monday
listed at Rs 945 while Bajaj Finserv at Rs 700 on the Bombay
Stock Exchange following the demerger of Bajaj Group last
year. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Anil Ambani Group company Reliance Communications is likely to emerge a front runner to acquire UK-based Global Virtual Network Operator Vanco, a move that would bring under Indian company`s fold a virtual network in various parts of the world. Source: Zee News : Business | 26 May 2008 | 12:05 pm
Sanjiv Bajaj said Bajaj Finserv could take 34 years for the bottomline to get profitable. He continues to see a strong growth rate for the life insurance business. He confirmed that the company was not in discussion with Bajaj Allianz as of now. Source: Moneycontrol Top Headlines | 26 May 2008 | 10:40 am
Rahul Bajaj, Chairman, Bajaj Auto, said that Bajaj Allianz would exercise a call option if the government allows them to. He expects the market to react positively to Bajaj Finserv going forward. Bajaj hopes exports would grow marginally on a YoY basis. Source: Moneycontrol Top Headlines | 26 May 2008 | 10:23 am
MUMBAI (Reuters) - The partially convertible rupee shed early gains on Monday on month-end dollar demand from oil companies, and losses in local stocks raising concerns of slowing capital inflows.
SINGAPORE (Reuters) - Gold edged down on Monday after last week's rally as oil prices resumed their march upwards and the U.S. dollar steadied at near a one-month low.
MUMBAI (Reuters) - Satyam Computer Services Ltd, India's No. 4 software services exporter, maintained its earnings forecast for the current quarter and the full year to March despite a weaker rupee, a senior official said.
BANGALORE (Reuters) - India's main share index fell more than 2 percent on Monday led by ICICI Bank and Reliance Industries, amid concerns about surging inflation and record high oil prices.
Reliance Communications is not exploring merger or acquisition with MTN, reports CNBCTV18 quoting sources. This news came after CNBC reported that Reliance Communications and MTN have agreed to enter into exclusive negotiations. Source: Moneycontrol Top Headlines | 26 May 2008 | 9:38 am
Looted money recovered Hindu Business Line - 34 minutes ago SIMDEGA (JHARKHAND): Police recovered Rs 3 lakhs hours after it was looted on Monday by unidentified gunmen from Lathragarh branch of Bank of India in Jharkhand's Simdega district. Gunmen loot cash from BOI branchDaily News & Analysis all 2 news articles
Reliance Communications is in advanced talks to acquire Londonbased MVNO Vanco, reports CNBCTV18 quoting sources. The deal size is likely to be about USD 75 million. Rel Comm has refrained from commenting on talks with Vanco. Source: Moneycontrol Top Headlines | 26 May 2008 | 9:17 am
MTN, which has seen about 60 per cent jump in its shares in the past one year on speculations of a possible buyout, advised its shareholders to exercise caution while dealing in its shares. Source: Daily News & Analysis: Money News | 26 May 2008 | 9:02 am
Ludhiana based Venus Garments (India) Limited, one of the largest exporters of knitwear, has bagged 'Supplier of the Year 2007' award from retail giant Wal-Mart. Source: Daily News & Analysis: Money News | 26 May 2008 | 8:55 am
Bank of Baroda, which has a strong international presence with 71 offices in 25 countries, is planning to expand its overseas presence by adding 10 more offices and branches during the current fiscal. The bank is looking at the Gulf countries, Australia and China for expanding its overseas network. Source: Moneycontrol Top Headlines | 26 May 2008 | 8:30 am
The Vedanta Group is in talks with three potential partners for jointly setting up a 5 mt steel plant in Orissa, the Groups Chairman, Mr Anil Agarwal, said here on Sunday. Source: Moneycontrol Top Headlines | 26 May 2008 | 8:24 am
Taking the entertainment offering to the next level Adlabs, an arm of the Anil Dhirubhai Ambani Group, is contemplating bringing the old cinema exhibition concept of touring talkies, albeit, in a different way. Source: Moneycontrol Top Headlines | 26 May 2008 | 8:19 am
Rig availability may once again come in way of Reliance Industries Ltds (RIL) plans to meet the exploratory commitments for its deepwater block D9 in Krishna Godavari basin. Source: Moneycontrol Top Headlines | 26 May 2008 | 8:13 am
Bajaj Group on Monday listed two of its companies on the stock exchanges after it was demerged from Bajaj Holdings and Investments. Source: Daily News & Analysis: Money News | 26 May 2008 | 8:05 am
NEW DELHI (Reuters) - Commercial vehicle maker Eicher Motors Ltd is looking to export its brand of trucks through the network of Swedish giant Volvo, a senior Eicher official said on Monday.
MUMBAI (Reuters) - Videocon Group is in initial talks about buying the handset business of Motorola Inc and is also looking at the possibility of bidding for General Electric's appliances division, media reports said.
NEW DELHI (Reuters) - India's fiscal deficit continues to be among the highest in the world and underlying pressures are not entirely showing up in headline fiscal numbers, Reserve Bank of India Governor, Yaga Venugopal Reddy said on Monday.
PERTH (Reuters) - Oil rose towards $133 a barrel on Monday, extending the previous session's gains on a supply outage at the Statfjord oilfield in the North Sea and a weak U.S. dollar.
MUMBAI (Reuters) - Reliance Communications Ltd, India's No.2 mobile operator, has entered into exclusive negotiations for a tie-up with South Africa's MTN Group, knocking its shares down 4 percent.
Anil Ambani group company Reliance Communications announced entering into an exclusive negotiations with South Africa's telecom giant MTN. Source: Daily News & Analysis: Money News | 26 May 2008 | 6:14 am
The Bombay Stock Exchange benchmark Sensex lost 223 points in the early trade on funds selling in heavyweight stocks triggered by weak Asian markets. Source: Daily News & Analysis: Money News | 26 May 2008 | 6:11 am
The Sensex, the 30-share benchmark index of the Bombay Stock Exchange, opened with a negative gap Monday, tracking weak markets elsewhere in Asia. Source: IndiaeNews.com: Business News | 26 May 2008 | 5:00 am
India's equities markets were on a downslide in early trade Monday, with consumer goods, metal and banking stocks under selling pressure. Source: IndiaeNews.com: Business News | 26 May 2008 | 5:00 am
New Delhi, May 25 The modernisation of Kolkata airport could steal a march over Chennai. The public investment board meeting to take a view on the modernisation of Kolkata airport is scheduled to be held at the end of the month even as another ... Source: Business Line - Home Page | 26 May 2008 | 12:00 am
Thiruvananthapuram, May 25 True to forecasts, the ‘low’ originating in the southeast Arabian Sea raced away from India’s southwest coast and was parked over southeast and adjoining east-central Arabian Sea on Sunday ... Source: Business Line - Home Page | 26 May 2008 | 12:00 am
We recommend a sell in Redington India from a short-term perspective. The charts of Redington India show that it was on a medium-term up-trend from its March 2008 low of Rs 256. However, the stock met with resistance at around Rs 387 in mid-May ... Source: Business Line - Home Page | 26 May 2008 | 12:00 am
Low-cost carriers (LCCs) are under attack from both sides - from the full service carriers (FSCs) as well as the Railways. Source: Daily News & Analysis: Money News | 25 May 2008 | 10:26 pm
Honda Motorcycle & Scooter India (HMSI), which launched its third ungeared scooter, Aviator, earlier this year Source: Daily News & Analysis: Money News | 25 May 2008 | 10:24 pm
Housing Development and Infrastructure Ltd (HDIL), India's third-largest realty player, is diversifying into the oil and gas sector. Source: Daily News & Analysis: Money News | 25 May 2008 | 10:23 pm
The Sensex, like the venerated Paanchaali of Mahabharata, is married to five husbands these days - boiling oil, flaring inflation, falling rupee, dicey corporate earnings and electoral expediencies. Source: Daily News & Analysis: Money News | 25 May 2008 | 10:22 pm
RCom arm Reliance Globalcom is set to acquire Vanco, a UK-based virtual network provider, sources said. Source: Daily News & Analysis: Money News | 25 May 2008 | 10:20 pm
With weekly inflation levels crossing 8 per cent, most in the government are talking of a reduction in inflation levels only after the monsoon. Source: Business Standard | Front Page Headlines | 25 May 2008 | 6:45 pm
Despite a significant slowdown in capital inflows and the rupee weakening 8 per cent since January, the government is unlikely to relax restrictions on domestic companies borrowing overseas in the near term, according to senior central bankers. Source: Business Standard | Front Page Headlines | 25 May 2008 | 6:44 pm
Infrastructure-strapped Karnataka is expected to see a heavy dose of BJP largesse following its strong victory in the state, according to senior party functionaries, with greater focus on capital city Bangalore. Source: Business Standard | Front Page Headlines | 25 May 2008 | 6:43 pm
Reliance Power and GMR Infrastructure are planning to bid for PowerSeraya and Senoko Power, which account for more than 60 per cent of the power produced in Singapore. Source: Business Standard | Front Page Headlines | 25 May 2008 | 6:42 pm
In an attempt to tap the increasing market of weekend vacationers, who prefer to travel by coach, online travel portal Ezeego1.com has tied up with bus tour operator redBus, to offer online spot booking on nearly 3,600 routes across the country. Source: IndiaeNews.com: Business News | 25 May 2008 | 3:31 pm
