It is now simpler to obtain an education loan as several public sector banks have rolled out an online application mode and students are lapping it up. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 5:59 pm
Stephen Cohen and DE Shaw are in agreement to manage combined stake in Orient, reports CNBCTV18. They have joined hands for possible shareholder action against the Orient Express management. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 5:37 pm
Cyber crimes by employees within a company are on a rise and legal firms are not complaining. Corporates are now increasingly approaching legal firms to guard themselves against such cyber offences. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 4:57 pm
Advani Hotels has filed an appeal with the Special Appellate Tribunal, or SAT, against its acquirer and Sebi related to its open offer, reports CNBCTV18. The acquirer Delta Hospitality has made hostile bid for Advani Hotels. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 2:44 pm
The government has withdrawn the tax refund scheme under Duty Entitlement Pass Book, or DEPB, on cement, reports CNBCTV18 quoting PTI. The government had restored benefits under DEPB for cement exports on May 2. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 1:10 pm
Telecommunications giant Motorola Inc, a Fortune 100 company, says that the newer Wimax technology scores over 3G in data transmission capabilities and that it`s the broadband route India needed to take. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
With public sector oil firms increasing Aviation Turbine Fuel (ATF) sale prices by 18.5 percent, major air-carriers have raised fuel surcharge with effect from Tuesday, making air travel costlier. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
The Bombay Stock Exchange benchmark Sensex today lost over 252 points and dipped below 16,000 points level in early trade on funds selling in heavy-weight stocks, triggered by weak global markets. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
South Korea`s High Court on Tuesday gave Hyundai Motor Group chief Chung Mong-koo a suspended three-year sentence for fraud, duplicating an earlier ruling and keeping him out of jail despite pressure to crack down hard on corruption at the country`s top firms. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
The Cabinet will meet on Wednesday to decide on raising fuel prices that have been necessitated by the relentless rise in international crude oil prices. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
Yahoo Inc CEO Jerry Yang ordered up a draft press release rejecting a Microsoft Corp takeover bid months before January`s unsolicited bid, company documents unsealed on Monday show. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
With valuation of banks going up and a very few private ones available for takeover, ICICI Bank is looking at growing internally rather than go for consolidation. Source: Zee News : Business | 3 Jun 2008 | 1:02 pm
Sunil Duggal, CEO, Dabur India said the company is seeking another round of price hikes in the coming weeks. Duggal is looking to maintain margins at FY08 levels. Harsh Mariwala, Chairman and MD, Marico Industries said the company will be able to maintain margins and volume growth going forward. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 1:00 pm
Nissan Motor Co on Tuesday said it has identified India as one of the five low cost countries to manufacture its new generation compact cars, including the Micra. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:33 pm
Electronics major LG Electronics India announced a price hike of 7-10 per cent of its product categories like monitors and optical storage devices. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:28 pm
Power and engineering major ABB has bagged orders worth Rs.2.95 billion (US$74 million) to provide power equipment for JSW Energy's upcoming project in Ratnagiri. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:27 pm
Microsoft has kept development of Internet Explorer 8 pretty quiet, but already the next major version of the most widely-used browser is available for downloading in a beta version. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:27 pm
Launching two more FM radio stations at Gulbarga and Asansol under S-FM brand, the Chennai-based Sun TV Network Ltd has increased its number of FM stations to 40. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:27 pm
Reliance Communications has appointed city-based banker Ken Costa to advise the firm on negotiations with South Africa's MTN. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:23 pm
Dragonair, sister airline of Cathay Pacific, will operate Bangalore-Hong Kong Flights from July one, a top official of Cathay Pacific said. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:15 pm
LONDON (Reuters) - India-focused gas producer Great Eastern Energy Corp. (GEEC) expects to raise about $100 million in a secondary listing on the Mumbai Stock exchange by year-end, Chairman YK Modi told Reuters on Tuesday.
According to sources, the withdrawal of export duty on steel flat products is likely to happen this week, reports CNBCTV18. The export duty on HR and CR coils, tubes and pipes is at 10%, while export duty on galvanised products is at 5%. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 12:10 pm
A top aviation expert and an industry leader said consolidation or restructuring was the way to go for Indian carriers to beat losses and stay afloat. Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:08 pm
The government is set to take a decision on raising fuel prices soon, maybe as early as Wednesday after a meeting of the cabinet, foreign minister Pranab Mukherjee said here Tuesday. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 12:03 pm
Terming price rise as a threat to social stability in India, a noted global rating agency feels the country's central bank may take further steps to tighten money supply and bring the inflation down. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 12:03 pm
Launching two more FM radio stations at Gulbarga and Asansol under S-FM brand, the Chennai-based Sun TV Network Ltd has increased its number of FM stations to 40. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 12:02 pm
The Indian equities markets ended in the red for the second consecutive day Tuesday, with banking, capital goods, technology and telecom stocks leading the pack of losers. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 12:01 pm
Gujarat-based Polycab Wires Private Ltd (Polycab) has approached the International Finance Corporation (IFC), the private lending arm of the World Bank group, to finance its expansion plan spread over the next three years. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 12:01 pm
Cinema multiplex chain PVR has registered a net profit of Rs 2.7 crore for the last quarter ended March 31, 2008, a growth of 23 per cent compared to the same period last year Source: Daily News & Analysis: Money News | 3 Jun 2008 | 12:01 pm
BK Modi, Chairman, Spice Communications, said the company hasn\'t received any proposal for a merger. He said any price below Rs 60 per share would not be acceptable in case of any merger. \"However, Spice Communications may be in talks with Telekom Malaysia and is yet to receive any proposal from the latter.\" Source: Moneycontrol Top Headlines | 3 Jun 2008 | 11:57 am
MUMBAI (Reuters) - The Reserve Bank of India may raise banks' cash reserve requirement by 75 basis points and its lending rate by 25 basis points later this year to cool price pressures, HSBC said in a note on Tuesday.
SAN FRANCISCO (Reuters) - Yahoo Inc executives dismissed a search-advertising deal with Google due to antitrust concerns, one day before Microsoft Corp made its takeover offer earlier this year, according to court documents made public on Monday.
Cellular service provider, Bharti Airtel Limited, announced the launch of Kannada handsets and a strategic tie up with Indian Fertilizer Cooperative Limited (IFFCO). Source: Daily News & Analysis: Money News | 3 Jun 2008 | 11:39 am
Two battalions of the Special Auxiliary Police (SAP) comprising former armymen will be raised in Jharkhand to protect industries and banks in the state, an official said Tuesday. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 11:32 am
NEW DELHI (Reuters) - India's main stock index fell 0.6 percent on Tuesday to its lowest close in more than seven weeks, as a political rift over fuel prices and high inflation weighed on investors.
Tourist destination Goa will play host to a two-day seminar called SEZ India 2008, exclusively focusing on IT specific special economic zones (SEZs), June 27-28. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 11:32 am
Power and engineering major ABB has bagged orders worth Rs.2.95 billion (US$74 million) to provide power equipment for JSW Energy's upcoming project in Ratnagiri, a coastal district in Maharashtra. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 11:30 am
SAN FRANCISCO (Reuters) - Internet search leader Google Inc is expanding an existing service to let businesses customize the search results that visitors see when they search for information within their own sites.
NEW DELHI (Reuters) - India expects its rice harvest to rise by two million tonnes and wheat output to increase by over one million tonnes next year, a top farm ministry official said on Tuesday.
NEW DELHI (Reuters) - India may raise fuel prices on Wednesday to ease pressure on bleeding oil firms, a top official said, after 10 days of political tussling over the proposal.
India's leading water management solutions provider Kirloskar Brothers Limited (KBL) has decided to restructure itself into nine business sectors aiming to achieve a turnover exceeding $1 billion. Source: IndiaeNews.com: Business News | 3 Jun 2008 | 10:01 am
LONDON (Reuters) - Oil eased to stand under $128 a barrel on Tuesday, as traders weighed the threat to sustained demand from changes in fuel subisidies in Asian nations.
Big bazar said that it will not stock cadbury chocolates in its stores any more, reports CNBCTV18. There is no cause for celebration as cadbury gets the boot. It will no longer be available in any of the 89 big bazaars and 136 food bazaars in india. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 9:28 am
The monthly credit card statement that comes laden with lots of offers, gift coupons and summer deals at this time of the year would normally not have got more than a casual glance from Mr K. Nath. But something caught his attention this time. Source: Moneycontrol Top Headlines | 3 Jun 2008 | 8:50 am
MUMBAI (Reuters) - India's annual inflation rate is probably already near 9 percent, close to a 13-year high, and will top the Reserve Bank of India's (RBI) comfort zone all year as the impact of rising raw materials prices seeps deeper into the economy.
Mumbai, June 2 Fears of inflation and high crude prices continued to haunt the Indian stock markets which fell by more than 2 per cent on Monday.This was despite the markets opening on a positive note, possibly following the sunny ... Source: Business Line - Home Page | 3 Jun 2008 | 12:00 am
Mumbai, June 2 Even as the price hike announced by the top three passenger car makers takes effect this month, car sales for the last month generally showed an upward trend. Maruti Suzuki, which enjoys about 50 per cent share of the ... Source: Business Line - Home Page | 3 Jun 2008 | 12:00 am
To invest Rs 600 cr in Appu Ghar promoter firm.??Private equity major DE Shaw is investing Rs 630 crore in Noida-based International Amusement Ltd (IAL), the promoters of Appu Ghar. Source: Business Standard | Front Page Headlines | 2 Jun 2008 | 6:50 pm
Arunachal Pradesh accounts for one-third of the country's hydro power potential ? the largest in any state ? though less than 1 per cent of this potential has been realised. Source: Business Standard | Front Page Headlines | 2 Jun 2008 | 6:50 pm
IIT Bombay BTech and dual-degree programme students will not be able to opt for foreign internships from the academic year beginning 2008-09. Source: Business Standard | Front Page Headlines | 2 Jun 2008 | 6:49 pm
Under-recoveries by state-owned oil marketing companies are set to hit a new record in June with the under-realisation on the sale of diesel, the largest selling fuel and also the most politically sensitive, almost matching the subsidised selling price. Source: Business Standard | Front Page Headlines | 2 Jun 2008 | 6:47 pm
