Airlines lose passengers with rise in fare

Bigger airliners are losing passengers to smaller players after soaring aviation fuel costs forced carriers across board to hike fares over the past year.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 10:16 am

Sri Lankan train fare hiked by 90 percent

The Sri Lankan government has announced a mammoth 90 percent hike in train fares, media reports here said . The hike comes a week after increase in petrol and diesel prices in the country.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 10:15 am

HDFC ties up with Qatar National Bank

India's HDFC Bank has tied up with Qatar National Bank (QNB) to offer a range of products and services to expatriate Indians in Qatar.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 9:46 am

Vijay Mallya in talks with European firm

Vijay Mallya's UB Group, has initiated talks with France-based EADS Socata, a leading aircraft manufacturer, to invest some $200 million to co-develop business jets.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 9:41 am

CBSE ties up with Fortis

The CBSE in collaboration with tertiary care hospitals like Fortis, Apollo and Wockhardt, is introducing a new course in schools for those interested in a career as paramedics.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 9:40 am

Bigger airlines lose passengers as rising fuel costs push up fares

Bigger airliners are losing passengers to smaller players after soaring aviation fuel costs forced carriers across board to hike fares over the past year.
Source: IndiaeNews.com: Business News | 1 Jun 2008 | 9:31 am

A bank allies with the poor - against moneylenders

A bank in Kerala has allied with the rural poor to free them from the grip of moneylenders, heralding a unique era in Indian banking.
Source: IndiaeNews.com: Business News | 1 Jun 2008 | 9:03 am

Dubai's DAE in talks on $2.5 bln aircraft order

DUBAI (Reuters) - State-controlled Dubai Aerospace Enterprise (DAE) said it was in talks to buy 50 aircraft worth a total of about $2.5 billion to expand its leasing business.

Source: Reuters: Money News | 1 Jun 2008 | 8:44 am

BFSI spent the most on IT in 2007-08

When it comes to upgrading IT infrastructure, the banking and financial services industry tops the list with an outlay of Rs 87.50 crore per company in 2007-08.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 8:36 am

Rural mkt revenues may touch $2.9 bn

Country's under penetrated rural market holds tremendous growth opportunities for life insurance companies with revenues expected to grow as much as four times.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 8:36 am

Oil subsidy may triple to 2.2 pc of GDP

India's oil subsidy may shoot up three times to 2.2 per cent of the GDP this year even as the government dithers on raising fuel prices in step with the rise in input (crude oil) cost.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 8:35 am

ICICI Bank targets 35 per cent growth

With 700 billion dollars to be invested by corporate in the next three years, ICICI Bank expects its lending to the sector to grow faster than the industry at 35 per cent.
Source: Daily News & Analysis: Money News | 1 Jun 2008 | 8:34 am

15 pc export duty on iron ore - Economic Times


Calcutta Telegraph

15 pc export duty on iron ore
Economic Times - 4 hours ago
1 Jun, 2008, 1222 hrs IST, PTI NEW DELHI: Government is believed to have decided to impose 15 per cent export duty on iron ore, used for making steel, which has seen a 50 per cent increase in prices since January, thereby fuelling inflation.
Govt considering ban on iron ore exports NDTV.com
India now a net importer of steel Business Standard
Hindu - Calcutta Telegraph - SteelGuru - Kolkata Newsline
all 48 news articles

Source: Google News India - Business | 1 Jun 2008 | 7:06 am

India's Bennett, Coleman buys Virgin Radio for $106 mln - papers

MUMBAI (Reuters) - Indian media company Bennett, Coleman & Co has bought Virgin Radio for 4.5 billion rupees ($106 million), local newspapers reported on Sunday, citing a statement from the Indian company.

Source: Reuters: Money News | 1 Jun 2008 | 6:00 am

Air fares set to go up by 8 per cent - Economic Times


Times Now.tv

Air fares set to go up by 8 per cent
Economic Times - 6 hours ago
MUMBAI/ NEW DELHI: Air travellers planning their summer vacation will have to cough up more. The state-owned oil marketing companies (OMCs) have hiked aviation turbine fuel (ATF) prices for domestic carriers by around 20% and for international carriers ...
Fuel cost up; air fares to take off Times of India
Airlines face rising operational costs as fuel prices go up Hindu
All India Radio - Hindu Business Line - Calcutta Telegraph - Reuters India
all 47 news articles

Source: Google News India - Business | 1 Jun 2008 | 5:13 am

Grupo Mexico to do all it can to halt Asarco sale to India's Sterlite

MEXICO CITY (Reuters) - Copper miner Grupo Mexico will do "absolutely everything" in its power to block the sale of its bankrupt subsidiary Asarco to India's Sterlite Industries, including a court fight.

Source: Reuters: Money News | 1 Jun 2008 | 4:23 am

India's Sterlite agrees to buy Asarco for $2.6 bln - Reuters India


Business Wire (press release)

India's Sterlite agrees to buy Asarco for $2.6 bln
Reuters India - 7 hours ago
NEW DELHI/MUMBAI (Reuters) - India's Sterlite Industries agreed on Saturday to buy the operating assets of bankrupt copper miner Asarco for $2.6 billion, the latest in the series of overseas acquisitions by Indian firms.
Sterlite acquires Asarco for record $2.6 billion Economic Times
Sterlite to buy operating assets of Asarco for $2.6 b Hindu
Hindu Business Line - Business Standard - Moneycontrol.com - Bloomberg
all 231 news articles

Source: Google News India - Business | 1 Jun 2008 | 4:01 am

India's Sterlite agrees to buy Asarco for $2.6 bln

NEW DELHI/MUMBAI (Reuters) - India's Sterlite Industries agreed on Saturday to buy the operating assets of bankrupt copper miner Asarco for $2.6 billion, the latest in the series of overseas acquisitions by Indian firms.

Source: Reuters: Money News | 1 Jun 2008 | 3:56 am

APEC trade ministers make Doha round push

AREQUIPA, Peru (Reuters) - Trade ministers from the 21-member Asia-Pacific Economic Cooperation forum drafted a manifesto on Saturday urging nations to take immediate steps to prop up the limping Doha round of global trade talks.

Source: Reuters: Money News | 1 Jun 2008 | 3:42 am

'Indian farm women work more but earn less'

Indian women work more but earn less than men, says an eminent agricultural economist. In his latest book he shows how women continue to get a raw deal despite putting in longer hours and work that is critically more important for the farm sector and the family.
Source: IndiaeNews.com: Business News | 1 Jun 2008 | 3:00 am

Apollo plans second hospital, medical college in state - Times of India


TopNews

Apollo plans second hospital, medical college in state
Times of India - 9 hours ago
KOLKATA: The Apollo group's second hospital and its first medical college will come up on a 23-acre plot at Kamarhati in North 24-Parganas.
Apollo Gleneagles to take W Bengal hospital on lease Economic Times
CM for private investment in healthcare Kolkata Newsline
The Statesman - Financial Express - Business Standard
all 7 news articles

Source: Google News India - Business | 1 Jun 2008 | 2:34 am

‘Asarco, a low-cost producer of copper’

Acquisition to give Sterlite ‘fantastic’ boost to its margins
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Sterlite wins bid for Asarco

$2.6-b cash deal is subject to US bankruptcy court approval
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Weekly News Round-up

After almost a month of hard negotiations, Bharti Airtel ended talks on a possible merger with South Africa's MTN because of disagreement over the holding structure. Bharti said the structure proposed by MTN would not capture the synergies of ...
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Decision on fuel price remains open

New Delhi, May 31 The public sector oil marketing companies (OMCs) that are suffering revenue loss due to spurt in international crude oil prices may have to wait till next week for a bail out package. The package is expected to include a ...
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Southwest monsoon sets in over Kerala


Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

W. Australia welcomes Indian migrants

Working to plug shortages in skilled labour
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Duty drawback on iron, steel, rice, cement goes

Move to discourage exports
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Services sector can access ECBs

Overseas borrowings of up to $100 m allowed
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Air India hikes fuel surcharge

New Delhi, May 31 Domestic air travel could become more expensive from June 3 following the decision of oil companies to increase the sale price of aviation turbine fuel. Immediately after oil companies announced an increase of Rs 10.83 ...
Source: Business Line - Home Page | 1 Jun 2008 | 12:00 am

Corporate buzz the week gone by - Economic Times


domain-B

Corporate buzz the week gone by
Economic Times - 14 hours ago
Italian Vittorio Colao, who last week, was named as the chief executive of Vodafone, is likely to take over as the vice-chairman of the company’s Indian arm-Vodafone Essar.
Expect to biz to grow by 18-20%: Sun Pharma Moneycontrol.com
Taro pains for Sun Pharma Hindu Business Line
TopNews - Livemint - Business Standard - Times of India
all 80 news articles

Source: Google News India - Business | 31 May 2008 | 9:16 pm

Air fares set to soar as jet fuel prices rise

Airfares are all set to move up again this month as the aviation turbine fuel (ATF) prices touched a new high on Saturday.
Source: Daily News & Analysis: Money News | 31 May 2008 | 8:51 pm

Deals & Deeds - Economic Times


TopNews

Deals & Deeds
Economic Times - 14 hours ago
Hyderabad: EmaarMGF Land Ltd announced the launch of ‘Boulder Hills Golf and Country Club,’ its signature master planned integrated world class Leisure and Residential Community in Hyderabad.
Emaar MGF sees IPO redux in 18 months Sify
EmaarMGF to invest $3 bn in South India NDTV.com
Moneycontrol.com - Business Standard - Livemint - Reuters India
all 42 news articles

Source: Google News India - Business | 31 May 2008 | 8:48 pm

Productivity-linked risk pay for CPSE executives - Sify


MSN India

Productivity-linked risk pay for CPSE executives
Sify - 15 hours ago
New Delhi: The Second Pay Revision Committee has recommended for the 250000 executives of Central Public Sector Employees (CPSEs) the introduction of productivity-linked Risk Pay, five sets of pay scales, variable annual increment and other sops such ...
Panel proposes pay windfall for PSU staff Business Standard
Panel proposes steep pay hike for CPSE officials Hindu
Times of India - Calcutta Telegraph - domain-B - Hindu Business Line
all 30 news articles

Source: Google News India - Business | 31 May 2008 | 7:41 pm

Southwest monsoon sets in over Kerala - Hindu Business Line


Southwest monsoon sets in over Kerala
Hindu Business Line - 16 hours ago
The offshore trough extending along the Karnataka-Kerala coast persisted on Saturday. An east-west shear zone of monsoon turbulence ran across the extreme south peninsula.
Monsoon sets in over Kerala a day earlier Hindu
Rains set in a day early Business Standard
Times of India - odishatoday.com - Economic Times - Daily News & Analysis
all 36 news articles

Source: Google News India - Business | 31 May 2008 | 7:19 pm

How does Warren Buffett gear up for his shareholder\'s meet?

CNBC’s Becky Quick, in her special show, Warren Buffett: The Billionaire Next Door All Access, CNBC spoke exclusively to Warren Buffett and took an \"exclusive\" look inside the Buffett\'s annual meeting with Berkshire Hathaway Shareholders; getting an unprecedented access into the world of one of the world’s most successful investors.
Source: Moneycontrol Top Headlines | 31 May 2008 | 7:08 pm

Services cos allowed to raise $100 mn abroad - Economic Times


TopNews

Services cos allowed to raise $100 mn abroad
Economic Times - 16 hours ago
NEW DELHI: Corporate houses in the services sector such as hotels, hospitals and software companies can now raise low-cost funds abroad for importing capital goods.
ECB norms eased further to include services sector Hindu
Services sector can access ECBs Hindu Business Line
The Statesman - Financial Express - Press Information Bureau (press release)
all 24 news articles

Source: Google News India - Business | 31 May 2008 | 6:50 pm

No more paper tickets on foreign routes from today - Business Standard


RTE.ie

No more paper tickets on foreign routes from today
Business Standard - 17 hours ago
You might not see paper tickets when you travel internationally but on the domestic routes, the paper ticket will continue to play its role in facilitating travel for the next couple of years.
'India not fully ready for airline e-ticketing' Economic Times
Global Airlines Stop Paper Tickets, Switch to All-Electronic Bloomberg
Sify - Livemint - Financial Express - Tampabay.com
all 196 news articles

Source: Google News India - Business | 31 May 2008 | 6:36 pm

Himachal seeks railway till Leh to counter China

With China linking Tibet's capital of Lhasa with a railway line, Himachal Pradesh Saturday urged President Pratibha Patil to ask the central government to execute a railway link through this hill state up to Leh in the mountainous region of Jammu and Kashmir.
Source: IndiaeNews.com: Business News | 31 May 2008 | 5:00 pm

JPMorgan completes takeover of Bear Stearns

NEW YORK (Reuters) - JPMorgan Chase & Co said on Saturday it completed its $1.4 billion Bear Stearns Cos takeover, capping the demise of a Wall Street firm that survived the Depression and numerous slumps in its 85 years but could not navigate the mortgage crisis.

Source: Reuters: Money News | 31 May 2008 | 4:33 pm

Air fuel price hiked 19 percent, airfares may rise

Domestic airfares are likely to shoot up again as the state-run oil companies decided to hike air turbine fuel (ATF) prices by around 19 percent from Saturday midnight.
Source: IndiaeNews.com: Business News | 31 May 2008 | 4:32 pm

'Corporates have big role in tackling food, environmental crises'

The world is faced with unprecedented food and ecological crises and governments need the help of the corporate sector to tackle them, Commerce and Industry Minister Kamal Nath said here Saturday.
Source: IndiaeNews.com: Business News | 31 May 2008 | 4:32 pm

'Government considering ban on iron ore exports'

The government is considering a ban on iron ore exports as demanded by the steel makers, steel secretary R.S. Pandey has said.
Source: IndiaeNews.com: Business News | 31 May 2008 | 4:32 pm

Industry ready to join hands with engineering colleges

Indian industry leaders agreed to forge partnership with educational institutions to upgrade engineering education and research in the country to counter talent crunch.
Source: IndiaeNews.com: Business News | 31 May 2008 | 3:01 pm

MM may set up base in Turkey for European mkts

Turkey is the latest base for Mahindra and Mahindra’s globalisation plans. The company may set up a manufacturing base in turkey for its domestic and other European markets. And this move was after the company launched the Scorpio and its Pikup in Turkey.
Source: Moneycontrol Top Headlines | 31 May 2008 | 2:13 pm

Cochin Shipyard to launch five platform supply vessels

Cochin Shipyard Ltd (CSL), one of the leading shipbuilding yards in the country, will launch five platform supply vessels (PSVs) Monday.
Source: IndiaeNews.com: Business News | 31 May 2008 | 2:03 pm

Madhya Pradesh solves 1,688 complaints of power consumers

The Madhya Pradesh government claimed Saturday that it has taken several steps to address the grievances of the power consumers in the state and redressed 1,688 complaints they lodged with the electricity authorities.
Source: IndiaeNews.com: Business News | 31 May 2008 | 2:01 pm

Govt considering steps to control iron ore exports

The government has said that it consider taking steps to control exports of iron ore, reports Newswire 18. The export duty on steel products is only a \'temporary measure\'. Although the steel prices are easing the overseas trend looks firm, said the report.
Source: Moneycontrol Top Headlines | 31 May 2008 | 1:51 pm

Sterlite Ind to buy ASARCO ops for $2.6bn

Sterlite Ind will buy US based ASARCO\'s operating assets for USD 2.6 billion, reports CNBC18.
Source: Moneycontrol Top Headlines | 31 May 2008 | 1:28 pm

New B\'lore airport worrisome for IT giants

The Bangalore airport is just a few days old and traveling there is worrying IT giants that are located over 60 kms from the Greenfield airport. It\'s a long drive to the airport for Bangalore\'s IT employees. The BIAL or the Bengaluru International Airport, which is around 35 kms from city center, is over 60 km from the IT cluster.
Source: Moneycontrol Top Headlines | 31 May 2008 | 1:02 pm

No foreign co-pilots from Sunday!

From Sunday, India`s commercial aircraft will not have foreign co-pilots on board. This will open fresh opportunities for thousands of aspiring pilots in the airline industry, said a government official.
Source: Zee News : Business | 31 May 2008 | 12:18 pm

India eases overseas debt norms for service firms

NEW DELHI (Reuters) - India allowed service sector firms on Saturday to agree overseas borrowings of up to $100 million in another attempt to shore up the rupee.

Source: Reuters: Money News | 31 May 2008 | 11:56 am

Oman Air to start flights to Kozhikode

MUSCAT (Reuters) - Flag carrier Oman Air said on Saturday that it will start flights to India's Kozhikode from June 5 and expand its routes to four other countries this year.

Source: Reuters: Money News | 31 May 2008 | 10:35 am
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