Temptation management has said that it is looking to buy a listed company in the readytoeat business. Temptation Foods will likely to pick up stake in Kohinoor Foods, reports CNBCTV18, quoting sources. Source: Moneycontrol Top Headlines | 30 May 2008 | 1:59 pm
HONG KONG (Reuters) - India has freed up rules on bond market investments but analysts say this may not be enough to reverse recent capital outflows and a sliding rupee currency.
NEW DELHI (Reuters) - Indian shares rose 0.6 percent on Friday after surprising strong economic growth data, but a spike in inflation renewed interest rate worries and pushed bank stocks lower.
NEW DELHI (Reuters) - India's economy will grow at a pace not less than 8.5 percent in the 2008/09 fiscal year, and "with some luck" at 9 percent, the same clip as the year before, Finance Minister Palaniappan Chidambaram said on Friday.
NEW DELHI (Reuters) - India's oil product consumption rose 6.3 percent in April from a year ago, driven by strong sales of cars and motorcycles in the month and cheap fuel prices, which are set to rise this weekend but not by enough to dampen demand.
Despite rise in inflation, the Indian equities market ended the week on a positive note and closed with a gain. The improved GDP figures for the quarter boosted the market sentiment. Source: IndiaeNews.com: Business News | 30 May 2008 | 11:30 am
Glenmark Generics has received ANDA or Abbreviated New Drug Application approvals for 3 ANDA. Earlier the total sales for 3 ANDA were in excess of USD 187 million for 12 months ending in March 2008 . Source: Moneycontrol Top Headlines | 30 May 2008 | 11:24 am
BANGKOK/LONDON (Reuters) - Thailand moved on Friday to ease the pain of record high oil by lowering prices, while the British government set out extra measures to help the poor and boost energy efficiency.
Hyundai Motor will launch a new model of its hatchback 'i10', powered by a 1.2 litre all aluminium engine, within the next two months. Source: Daily News & Analysis: Money News | 30 May 2008 | 10:53 am
Punjab National Bank will bid only as part of a consortium for IFCI stake, say wire reports. PNB will study IFCI stake sale proposal before making any bid, it said. Source: Moneycontrol Top Headlines | 30 May 2008 | 10:46 am
LONDON (Reuters) - Oil dropped below $126 on Friday after a regulatory probe into possible price manipulation added to trader caution and a stronger U.S. dollar offset the impact of a big drop in U.S. crude stocks.
Larsen & Toubro Ltd plans to invest Rs 2,500 crore during the current financial year to augment capacities at its growth centres, a company official said. Source: Daily News & Analysis: Money News | 30 May 2008 | 9:59 am
Leading pharmaceutical firm Dabur Pharma on Friday announced a consolidated net profit of Rs 98.6 crore for the year ended March 31, 2008. Source: Daily News & Analysis: Money News | 30 May 2008 | 9:55 am
NEW DELHI (Reuters) - Surprisingly strong Indian growth and a jump in inflation above 8 percent put an interest rate rise back on the agenda on Friday, although many analysts thought the Reserve Bank of India would remain focused on cash management.
Despite slow growth in rentals, Mumbai and Delhi remain among the world's 10 most expensive cities to rent office space in, according to CB Richard Ellis Group's semi-annual global market rents survey, results of which were announced here Friday. Source: IndiaeNews.com: Business News | 30 May 2008 | 9:30 am
Describing inflation at 8.1 per cent as worrisome, Finance Minister P Chidambaram said steps will be taken to moderate and reverse headline inflation. Source: Daily News & Analysis: Money News | 30 May 2008 | 9:10 am
Move over leisure and holiday travellers budget airlines are now eyeing the corporate segment. Rising fuel prices have made them rethink their schedules and rework their customer loyalties. Source: Moneycontrol Top Headlines | 30 May 2008 | 9:04 am
Pharma major Zydus Cadila has acquired a 100 percent stake in Spanish pharmaceutical firm Laboratories Combix, the company announced Friday. Source: IndiaeNews.com: Business News | 30 May 2008 | 9:01 am
Wipro Consumer Care Lighting has won a trademark infringement case against a Delhi company that had been using its brand name and similar packaging to sell its GLS lamps. Source: Moneycontrol Top Headlines | 30 May 2008 | 8:48 am
The countrys largest software exporter Tata Consultancy Services (TCS) has outlined a capital expenditure plan (capex) of Rs 1,900 crore for the fiscal year 200809. This is 35.7 per cent higher than Rs 1,400 crore, which the company spent as capex in the fiscal year 200708. Source: Moneycontrol Top Headlines | 30 May 2008 | 8:47 am
The Department of Telecom (DoT) had another round of discussion with Research In Motion (RIM) in a bid to find a solution to the security concerns around Blackberry services. Source: Moneycontrol Top Headlines | 30 May 2008 | 8:45 am
Deccan Aviation on Wednesday said operational synergy with Kingfisher Airlines has helped it to reduce its losses for quarter ending March 31, 2008 by 6.34 per cent to Rs 199.65 crore. Its total income has grown nearly 33 per cent to Rs 607.66 crore for the same period. Source: Moneycontrol Top Headlines | 30 May 2008 | 8:43 am
Close on the heels of acquiring 100 per cent interest in Punebased Tandon Metals at Rs 25 crore, Exide Industries Ltd plans to acquire another lead smelter capacity at an investment of up to Rs 35 crore. Source: Moneycontrol Top Headlines | 30 May 2008 | 8:42 am
The Indian equities markets which opened with a positive gap Friday stayed in the green early afternoon despite rise in inflation figures. Inflation stood at 8.1 percent for the week ended May 17, compared to 7.82 percent the previous week. Source: IndiaeNews.com: Business News | 30 May 2008 | 8:32 am
For the Indian government, that is contemplating a hike in fuel prices, Friday brought more disturbing news as the annual inflation rate breached the eight percent mark to reach 8.1 percent for the week ended May 17. Source: IndiaeNews.com: Business News | 30 May 2008 | 8:32 am
ASHGABAT (Reuters) - Turkmenistan said on Friday it would charge Afghanistan, Pakistan and India market prices for natural gas that would go through a planned pipeline across the four countries, state media reported on Friday.
Expressing satisfaction with 9 per cent GDP growth in 2007-08 despite rise in crude prices and financial turbulence, FM P Chidambaram exuded confidence that the economy will expand. Source: Daily News & Analysis: Money News | 30 May 2008 | 8:07 am
NEW DELHI (Reuters) - Spiralling costs of aviation fuel, magnified by some of the highest taxes in the world, will bleed Indian carriers this year and the next, a leading aviation consultant said, but the sector would recover in 2010.
The Bombay Stock Exchange benchmark Sensex on Friday recovered by over 151 points in early trade on buying by funds, triggered by firming global markets. Source: Daily News & Analysis: Money News | 30 May 2008 | 5:47 am
The only bus service between Kolkata and Dhaka was resumed Friday after having been suspended in April. Source: IndiaeNews.com: Business News | 30 May 2008 | 5:02 am
Export of Indian castor seed oil would be robust in 2008-09 in spite of increases in shipping freight rates due to high crude oil price, industry leaders said here. Source: IndiaeNews.com: Business News | 30 May 2008 | 5:02 am
Primetime 'saas-bahu' family soap operas are gradually losing out to meaningful infotainment on Indian television, with young viewers in particular switching allegiance to intellectually stimulating reality shows. Source: IndiaeNews.com: Business News | 30 May 2008 | 5:01 am
India should come up with 20 best brands - or destinations - to attract visitors instead of promoting the entire country through the 'Incredible India' campaign, say industry and state tourism officials. Source: IndiaeNews.com: Business News | 30 May 2008 | 5:00 am
The stock opened at our resistance level of Rs 1,850 and declined on selling pressure. We recommend a sell. L&TInitiate fresh long-position, only if the stock moves above Rs 2,930 level, with tight ... Source: Business Line - Home Page | 30 May 2008 | 12:00 am
We recommend a sell in Praj Industries from a short-term perspective. The stock had been on a medium-term uptrend from its March 2008 low of Rs 100 to its late May high of Rs 222. Triggered by negative divergence in the daily Relative Strength ... Source: Business Line - Home Page | 30 May 2008 | 12:00 am
Thiruvananthapuram, May 29 The southwest monsoon has missed the nine-day median of May 29 for onset fixed by India Meteorological Department (IMD) even as the cyclone watch in the Arabian Sea came unstuck for a third successive time over the ... Source: Business Line - Home Page | 30 May 2008 | 12:00 am
Ramalinga Raju, Chairman, Stayam Computer Services Ltd does not see any signs of a protracted US slowdown yet. He is confident about victory in the Upaid case. He rues that if judgement turns out to be unfavourable then Satyam would be impacted to the tune of USD 810 million. Source: Moneycontrol Top Headlines | 29 May 2008 | 10:00 pm
Our family has long been a connoisseur of Darjeeling tea. Growing up in Bengal, it is hard not to be. Source: Daily News & Analysis: Money News | 29 May 2008 | 9:55 pm
A shareholder can initiate legal action on behalf of a company if he can prove that wrong-doers are in control of it, the Bombay high court has ruled. Source: Daily News & Analysis: Money News | 29 May 2008 | 9:54 pm
Reliance Industries (RIL) and Standard Chartered bank may be the surprise co-bidders for a strategic stake in IFCI Ltd. Source: Daily News & Analysis: Money News | 29 May 2008 | 9:52 pm
Nano, the celebrated Rs 1 lakh car from Tata Motors, has also been hit by high input costs, but this is not likely to be passed on entirely to the consumer. Source: Daily News & Analysis: Money News | 29 May 2008 | 9:51 pm
The Special Undertaking of UTI (SUUTI), the entity that took over the assured returns schemes of the former Unit Trust of India in 2002, has run into a redemption hurdle with nearly half the US-64 bonds due for redemption on May 31 still held in physical form. Source: Business Standard | Front Page Headlines | 29 May 2008 | 7:14 pm
The reluctance of banks and other financial intermediaries to extend vehicle financing is the biggest problem for the Indian automobile industry, Tata Motors Managing Director Ravi Kant said here today. Source: Business Standard | Front Page Headlines | 29 May 2008 | 7:13 pm
Sun Pharma today threatened legal action against Israel's $313 million Taro Pharmaceuticals, which unilaterally terminated a $454 million all-cash merger deal yesterday that would have catapulted the Rs 2404 crore Indian firm into the big league. Source: Business Standard | Front Page Headlines | 29 May 2008 | 7:12 pm
RBI eases lending norms to oil companies.??The government looked set to raise petrol and diesel prices by Rs 3-4 a litre and Rs 2 a litre respectively this weekend to curtail losses of state-owned oil firms even as the Reserve Bank of India extended them a helping hand by easing borrowing limits. Source: Business Standard | Front Page Headlines | 29 May 2008 | 7:11 pm
