The Foreign Investment Promotion Board (FIPB), the nodal body for approving foreign direct investment in the country, has given its nod to a proposal from Germany-based Deutsche Bank to buy a 5 per cent stake in the Delhi Stock Exchange (DSE). Source: Business Standard | Front Page Headlines | 8 Jun 2008 | 12:02 am
The Government announced a sharp increase in the prices of petrol, diesel and domestic liquefied petroleum gas. The price of petrol was increased by 5 rupees a litre, diesel by 3 rupees a litre and domestic LPG by 50 rupees a cylinder. ... Source: Business Line - Home Page | 8 Jun 2008 | 12:00 am
New Delhi, June 7 The Indian crude basket, which closed marginally down at $119.81 a barrel on Thursday, is estimated to scale new heights in tandem with the surge in international crude prices on Friday.India’s crude oil basket ... Source: Business Line - Home Page | 8 Jun 2008 | 12:00 am
Bangalore, June 7 The residential mid-market segments across markets in the South are expected to see a correction in the coming months. If estimates are to be believed, about 1.5 lakh residential units, across budget segments, will be ... Source: Business Line - Home Page | 8 Jun 2008 | 12:00 am
It is business as usual for Sahara India Financial Corporation, which has managed to get a quick reprieve from the Allahabad High Court against the Reserve Bank of India's directive banning it from accepting public deposits. Source: Business Standard | Front Page Headlines | 7 Jun 2008 | 11:04 pm
US stocks fell, pushing the Dow Jones Industrial Average to the lowest level since March, as surging unemployment and record oil intensified concern that the economy is sliding into a recession. Source: Business Standard | Front Page Headlines | 7 Jun 2008 | 11:03 pm
The Bemina bridge, Kashmir's longest, was inaugurated here Saturday by Jammu and Kashmir Chief Minister Ghulam Nabi Azad 18 years after the project was launched. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 6:30 pm
The biggest farm loan waiver in India's history to win over the rural masses may not have struck a chord with farmers in Punjab and Haryana. Source: Business Standard | Front Page Headlines | 7 Jun 2008 | 6:27 pm
Rhythm and Hues, an academy award winning animation studio having large-scale outsourcing operations in India, is foraying into production of original content. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 5:16 pm
Real estate developers can no longer bear the brunt of rising input costs. They now plan to pass the burden on to their customers. So, realty prices in Bangalore will soon cost more. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 5:02 pm
The Uttar Pradesh government has withdrawn a letter to the Reserve Bank of India (RBI), seeking to know how the central bank would protect the interests of depositors of the Lucknow-based Sahara India Financial Corporation (SIFC). Source: IndiaeNews.com: Business News | 7 Jun 2008 | 3:00 pm
Kerala, which welcomes the monsoon first, is also awash with umbrellas of all shapes and sizes. Small or large, every umbrella manufacturer here in Alleppey is rejoicing, for they know almost everyone here would need it. They are working round the clock to make sure they dont fall short. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 2:13 pm
If you are sending a package to or from Bangalore, be prepared for a delay of at least two days. That\'s not all, you will be paying more for it too! Air cargo agents are struggling to cope with inadequate facilties at the new Bangalore Airport. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 1:59 pm
Bangalore\'s cab operators are looking to cash in on the recent fuel price increase and bargain for higher fares. While fuel prices have been hiked by 10%, they say their rates could go up to as high as 30 % in the coming days. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 1:34 pm
A gorgeous sunset view, boat jetties bobbing in the water, the famous chinese fishing nets and the gentle breeze from Vembanad Lake. All this has made Marine Drive in Kochi one of the costliest piece of land in Kerala. And non resident indians are the ones who are shelling out the big bucks for the luxury apartments. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 1:25 pm
BJP leader M Venkaiah Naidu asked Union Finance Minister P Chidambaram to accept his "failures" and quit instead of criticising the BJP. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 1:09 pm
Percept Picture Company (PPC), which is riding high on the success of "Khuda Kay Liye" and "Jannat", has joined hands with Pritish Nandy Communications (PNC) for the worldwide distribution of the upcoming film "Ugly Aur Pagli". Source: IndiaeNews.com: Business News | 7 Jun 2008 | 1:01 pm
Air passenger traffic between the European Union and India grew much faster in the last two years as compared to that with China, according to figures released here. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 11:46 am
Carl Icahn on Friday told Yahoo Inc that it should offer to sell the company to Microsoft Corp for USD 34.375 per share, or about USD 48.7 billion, as the financier fired another volley in an acrimonious war of words. Source: Zee News : Business | 7 Jun 2008 | 11:45 am
Top energy officials from the world`s biggest consumer nations meet on Saturday to discuss how to tackle surging oil, coal and natural gas prices that pose a growing threat to global economic growth. The two-day meeting comes as oil prices surged by their biggest real one-day gain ever on Friday, rocketing over USD 10 to a new record high above USD 139 a barrel, taking this year`s gains to 44 percent. Source: Zee News : Business | 7 Jun 2008 | 11:45 am
Toyota Motor Corporation is set to start producing hybrid cars in Australia and Thailand amid growing demand for the fuel-efficient vehicles in the wake of record high oil prices, a newspaper said on Saturday. Source: Zee News : Business | 7 Jun 2008 | 11:45 am
President Bush is considering new measures to help stimulate the battered economy, the White House said Friday as unemployment and oil prices soared and Wall Street sank. White House counselor Ed Gillespie said Bush`s advisers are constantly looking at options for new economic proposals. Source: Zee News : Business | 7 Jun 2008 | 11:45 am
Public sector Indian Overseas Bank is targeting to mobilise Rs 2,300 crore nationally during June-July this year, its General Manager G Chandran said. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 11:41 am
Reliance Petroleum Limited chairman Mukesh Ambani said his team is set to create a world record by constructing the new refinery at Jamnagar in less than 36 months. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 11:32 am
MUMBAI (Reuters) - India's central bank has gone to the Supreme Court to appeal against an order passed by a lower court staying the banking regulator's move to bar Sahara India Financial Corp Ltd (SIFCL) from accepting public deposits, local papers said on Saturday.
KOLKATA, India (Reuters) - Spencer's Retail, part of the diversified RPG group, on Saturday announced a tie-up with British retailer Woolworths Plc to exclusively sell its toy brand Chad Valley via its outlets.
The skyline of Hyderabad is set to change forever. The city is on the threshold of witnessing a phenomenal vertical growth with sprouting high rises. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 10:50 am
AOMORI, Japan (Reuters) - Energy officials from five top consumer nations urged producers to step up investment on Saturday, a day after crude's biggest surge ever, but they offered no new ideas on how to deal with record prices and remained divided on fuel subsidies.
Targeting a total premium collection of Rs 8,500 crore in the current fiscal, SBI Life insurance was all set to launch a more "lucrative" product under health category by July end. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 10:30 am
J&K government is setting up a common facility centre in Anantnag district at a cost of Rs 6.57 crore, which will provide seasoning and testing facilities for cricket bats. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 10:19 am
The Rs 135 billion RPG Enterprises' retailing arm Spencer's has tied up with Britain-based Woolworth to sell Chad Valley branded toys in India. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 10:16 am
Haj airfares are all set to go up soon with the airlines reporting major losses due to high aviation fuel prices. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 10:00 am
The Rs.135 billion RPG Enterprises' retailing arm Spencer's has tied up with Britain-based Woolworth to sell Chad Valley branded toys in India. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 9:30 am
Salman Khan may be used to the uncertainty of a Friday opening in his now nearly twodecadelong film career, but this Friday was different. The actor made his debut in Sonys new television game show 10 ka dum which has already found seven sponsors. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 9:19 am
Tata Sky has decided to restore ESPNs channels to the basic package from which it had pulled out ESPNs and BBCs channels along with Ten Sports in a new offer launched on the first of June. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 9:18 am
Car makers as well as dealers will increasingly see their margins eroded by nearly half as more small cars are launched in the country including Tata Motors Nano. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 9:16 am
Renault Nissan Automotive India Pvt Ltd, a joint venture of Renault and Nissan, today broke ground at Oragadam, 50 km from Chennai, for the construction of a car plant that would annually produce 4,00,000 cars after two years. Source: Moneycontrol Top Headlines | 7 Jun 2008 | 9:13 am
The Indian equities markets reacted negatively to the long-awaited hike in fuel prices and fears that inflation will go higher that the latest figure of 8.24 percent. Out of five trading sessions, four ended in the red. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 9:00 am
The Jharkhand government Saturday reduced sales tax on diesel by 3.5 percent and announced a Rs.40 subsidy per cooking gas (LPG) cylinder. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 8:32 am
Over 20 private companies that had sold illegal low-yield paddy seeds to farmers mainly in the Cauvery delta region and partly in the entire south for a decade flaunting fake quality certificates have been raided by the state police's Food Cell. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 8:30 am
Yahoo! has said that billionaire investor Carl Icahn does not have credible plan for operating the internet major. Source: Daily News & Analysis: Money News | 7 Jun 2008 | 8:23 am
More and more Indian realtors are planning global. And the Middle East, especially Dubai, seems to be the most preferred destination. Source: IndiaeNews.com: Business News | 7 Jun 2008 | 7:30 am
MUMBAI (Reuters) - India's Idea's Cellular is close to buying a majority stake in Spice Communications, Indian newspapers reported on Saturday, citing sources.
AOMORI, Japan (Reuters) - U.S. Energy Secretary Sam Bodman called on Saturday for more countries to scrap fuel price subsidies that stoke oil demand, adding that more regulation of energy markets was not the solution to record prices.
(Reuters) - Oil prices have doubled over the last year and risen 44 percent this year alone, with U.S. crude surging to a record high $139.12 a barrel on Friday, a troubling rise for energy ministers of the Group of Eight Nations plus China, India and South Korea, who are meeting in northern Japan this weekend.
NEW YORK (Reuters) - Oil jumped nearly 9 percent to a record $139 a barrel on Friday, extending a two-day rally to more than $16 as the slumping U.S. dollar and mounting tensions between Israel and Iran attracted a stampede of buyers.
NEW YORK (Reuters) - Wall Street could be in for a rocky ride next week as investors lick their wounds from Friday's triple threat -- oil's jump to a record above $139 a barrel, a troubling unemployment report and the stock market's 3 percent drop -- and await Consumer Price Index data.
Three people were killed and 35 others injured in an explosion triggered by a fire inside a unit of the Reliance Industries-owned IPCL plant at Raigad district's Nagothane town on Friday morning. Source: Business Standard | Front Page Headlines | 7 Jun 2008 | 12:28 am
Will study demand for models priced Rs 20-70 lakh in the UK.??Days after completing the acquisition of the luxury brands Jaguar and Land Rover (JLR), India's largest domestic automobile company Tata Motors is exploring the feasibility of launching the two marques in India. Source: Business Standard | Front Page Headlines | 7 Jun 2008 | 12:25 am
Kolkata-based personal care products maker Emami, which made a hostile takeover bid for Zandu Pharmaceuticals, today, forced the latter to withdraw a plan to offer preferential shares to its promoters. Source: Business Standard | Front Page Headlines | 7 Jun 2008 | 12:25 am
