IFCI board will meet today to review the induction of strategic investor and. It will also review Optionally Convertible Debentures (OCDs) held by the government. Source: Moneycontrol Top Headlines | 29 May 2008 | 11:53 am
Having created Dr Reddy\'s labs from scratch two decades ago, Dr K Anji Reddy will take one more shot at entrepreneurship. This time Dr Reddy and his close research associate at Boston Dr Uday Saksena have floated a new entity called Kareus therapeutics. Source: Moneycontrol Top Headlines | 29 May 2008 | 9:34 am
India is beginning to feel the pinch of soaring oil prices. Petrol pumps in Navi Mumbai have gone dry and fuel shortage is leading to long queues in Nashik and Aurangabad. Source: Moneycontrol Top Headlines | 29 May 2008 | 9:31 am
Indian hotel group Country Club, which has bought Dubai's Chelsea Hotel for Dh 165 million (Rs 165 crore), plans to open more hotels in the UAE. Source: Daily News & Analysis: Money News | 29 May 2008 | 9:09 am
After UKbased Hinduja Group, Reliance Industries (RIL) and Essar Oil, Oil and Natural Gas Corporations (ONGC) proposed refinery at Kakinada, has found a new suitor in GMR Group. Source: Moneycontrol Top Headlines | 29 May 2008 | 8:46 am
The DirecttoHome market, which has four operational players and three more readying for foray, is now attracting international companies. Source: Moneycontrol Top Headlines | 29 May 2008 | 8:40 am
Raj Television Network Ltd plans to produce movies and start a 24hour news channel. It is seeking private equity to fund the same. Sources in the film industry said that Raj has initiated steps to produce three films for starters, at a budget of Rs 30 crore, and has started discussions with producers. Source: Moneycontrol Top Headlines | 29 May 2008 | 8:36 am
In 200708, Allahabad Bank earned Rs 10 crore as commission for selling financial products of other companies mutual funds and life insurance. For the current year, the bank has set itself a target of Rs 50 crore. Source: Moneycontrol Top Headlines | 29 May 2008 | 8:34 am
Energy major Tata Power would be adding 115 MW of wind power capacity in the current fiscal at an estimated investment of Rs 500 crore, said Mr S. Ramakrishnan, Executive Director of the company. Source: Moneycontrol Top Headlines | 29 May 2008 | 8:32 am
In a partial victory for Ranbaxy Laboratories in its patent litigation against Pfizer, an Australian court has ruled in favour of the Indian company in a case relating to Atorvastatin, the worlds largest selling cholesterollowering drug (marketed by Pfizer as Lipitor). Source: Moneycontrol Top Headlines | 29 May 2008 | 8:29 am
The Indian equities markets which opened with a positive gap Thursday were trading flat amidst volatility early afternoon. Source: IndiaeNews.com: Business News | 29 May 2008 | 8:01 am
The Mumbai Indians team may have been knocked out of the Indian Premier League (IPL), but the franchisee Reliance Industries are all set to cash in on the craze for cricket's latest incarnation by hiking ticket prices up to 20 times for some stands. Source: IndiaeNews.com: Business News | 29 May 2008 | 8:01 am
NEW DELHI (Reuters) - Videocon Group is planning to invest 60 billion rupees ($1.4 billion) in a 1,000-megawatt hydro power project in north India, Chairman Venugopal Dhoot told reporters.
HONG KONG (Reuters) - Asian stocks rose broadly, with Japanese shares posting their biggest increase in a month, and government bond prices fell on Thursday after a monthly gauge of U.S. business spending rose to its highest this year.
NEW DELHI (Reuters) - India's annual monsoon, an economic lifeline, is now expected to reach southern Kerala in the next 3-4 days, missing an earlier forecast but largely in line with the long-term average, a top weather official said.
BANGALORE (Reuters) - Indian shares flipped between losses and gains on Thursday, supported by covering of expiring derivative positions and gains in Asian markets but buffeted by unabated worries about rising inflation and high oil prices.
A five-star hotel in the heart of Chandigarh has once again fallen prey to its 'jinx'. The site of the James Plaza Hotel, where work has been in progress for 23 years, has been taken back by the government for the third time after the owners failed to ensure its completion this month. Source: IndiaeNews.com: Business News | 29 May 2008 | 6:33 am
NEW DELHI (Reuters) - The cabinet is expected to discuss raising retail fuel prices later on Thursday, a government source said, as it looks to stem mounting losses at state oil firms due to the surge in crude prices.
MUMBAI (Reuters) - The rupee hovered in a tight range on Thursday, caught between exporters cashing in their dollar holdings and dollar demand from oil refiners to make month-end import payments.
The Indian equities markets turned flat in early trade Thursday, despite buying interest in metal, realty and banking stocks. The markets had opened in the green mirroring strong markets elsewhere in Asia. Source: IndiaeNews.com: Business News | 29 May 2008 | 5:30 am
SEOUL (Reuters) - Rumours are a way of life when it comes to North Korea, one of the world's most secretive states, but a rare one on Thursday about the assassination of its leader led to market jitters in Japan.
SINGAPORE (Reuters) - Gold was steady on Thursday but under pressure as the U.S. dollar held onto the previous day's gains, pushing oil lower and weakening bullion's appeal both as an anti-inflation tool and an alternative currency.
CARLSBAD, Calif. (Reuters) - Yahoo Inc Chief Executive Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.
SINGAPORE (Reuters) - Oil retreated to just over $130 a barrel on Thursday, after a $2 jump in the previous session, as a strengthening dollar more than offset fears of supply disruptions in Nigeria.
New Delhi, May 28 After reporting profit for the last 10 quarters, Indian Oil Corporation (IOC), the largest oil company in the country with more than 55 per cent market share, reported a net loss of Rs 414.27 crore for the fourth quarter of ... Source: Business Line - Home Page | 29 May 2008 | 12:00 am
The fourth quarter was a bad one for Tata Motors as net earnings fell 7 per cent. Calculations by Business Line using the published numbers for the first nine months and the whole year show that net profit declined to Rs 536 ... Source: Business Line - Home Page | 29 May 2008 | 12:00 am
From offering assistance in selling and renting out homes to maintaining unoccupied property, realtors seek additional cash to beat the blues Source: Daily News & Analysis: Money News | 28 May 2008 | 10:14 pm
Tata Motors the country's largest automotive company is planning to raise Rs 7,200 crore through three simultaneous rights issues Source: Daily News & Analysis: Money News | 28 May 2008 | 10:10 pm
The cloud of recession is hanging on United States' head and the spike in oil prices has changed market dynamics everywhere. Source: Daily News & Analysis: Money News | 28 May 2008 | 10:07 pm
Ending a tryst that lasted exactly a year, Israel-based Taro Pharma terminated a merger agreement with Sun Pharmaceutical, terming the understanding as 'stale'. Source: Daily News & Analysis: Money News | 28 May 2008 | 10:05 pm
Indoco Remedies, the Rs 400-crore Mumbai-based pharmaceuticals company, is targeting revenues of Rs 7 crore in five years from the oncology (cancer) market in India. Source: Daily News & Analysis: Money News | 28 May 2008 | 10:04 pm
Real estate developer Omaxe Ltd plans to set up an aircraft flying and maintenance engineering training institute in Uttar Pradesh as part of a larger business strategy Source: Daily News & Analysis: Money News | 28 May 2008 | 10:03 pm
Six months after starting a venture with Maruti Udyog for transporting Maruti cars from Gurgaon to Kochi through the coastal route, Shreyas Shipping Logistics is exploring opportunities to ramp up the service. Source: Daily News & Analysis: Money News | 28 May 2008 | 9:58 pm
Visa Steel Ltd is setting up an integrated steel plant in Chhattisgarh at an estimated cost of around Rs 1,000 crore. Source: Daily News & Analysis: Money News | 28 May 2008 | 9:57 pm
Reliance Communications has begun due diligence on MTN, reports CNBCTV18, qouting sources. However, the company has declined to comment. Source: Moneycontrol Top Headlines | 28 May 2008 | 9:01 pm
Israeli drug major Taro Pharmaceutical Industries Ltd has decided to withdraw from its merger agreement with Sun Pharmaceuticals, citing differences between the two company managements on the merger share price and the dramatic operational and financial turnaround that Taro has achieved since last year. Source: Business Standard | Front Page Headlines | 28 May 2008 | 7:26 pm
The board of Tata Motors, India's leading truck and bus maker and the country's third-largest car maker, today approved a plan to raise up to Rs 7,200 crore through three simultaneous rights issues to part-finance its purchase of the Jaguar and Land Rover brands for Rs 9,228.75 crore, for which it signed an agreement with Ford in March. Source: Business Standard | Front Page Headlines | 28 May 2008 | 7:24 pm
Lanka IOC Ltd, the Sri Lankan unit of Indian Oil Corporation, raised diesel prices for the second time this year to narrow losses amid record-high crude oil costs. Source: Business Standard | Front Page Headlines | 28 May 2008 | 7:23 pm
Tata Motors will launch their world truck, simultaneously in India and South Korea, in June, said company's managing director Ravi Kant here Wednesday. Source: IndiaeNews.com: Business News | 28 May 2008 | 4:30 pm
Communications and IT Minister A. Raja is expected to meet officials of the Canada-based Research in Motion (RIM) Thursday to end the impasse over security concerns on the use of BlackBerry enabled mobile phones in India. Source: IndiaeNews.com: Business News | 28 May 2008 | 4:30 pm
Fast-moving consumer goods firm Emami Limited Wednesday announced a net profit of Rs.350 million for the quarter ended March 2008, showing a rise of 52 percent over the corresponding period in the previous year. Source: IndiaeNews.com: Business News | 28 May 2008 | 4:30 pm
India's largest private air carrier Jet Airways took delivery of a new Airbus 330-200 Wednesday and said that it plans to employ the aircraft to fly to new destinations. Source: IndiaeNews.com: Business News | 28 May 2008 | 2:32 pm
Energy, waste management and high technology industry are among the areas in which India and Finland will jointly attempt innovations under a pact inked Wednesday. Source: IndiaeNews.com: Business News | 28 May 2008 | 2:30 pm
