Airlines, currently flying through rough financial weather could be further hit by a fresh round of price cuts by low cost carriers. GoAir and SpiceJet will soon offer airfares as low as zero to Rs 99 as the basic fare. Full service airlines are asking the government to intervene and introduce discipline in the pricing strategy in the sector. Source: Moneycontrol Top Headlines | 14 Jun 2008 | 12:39 pm
A Kingfisher aircraft carrying Railway Minister Lalu Prasad, his wife Rabri Devi and 150 other passengers Saturday made an emergency landing here after a bird hit while taking off for Varanasi. Source: IndiaeNews.com: Business News | 14 Jun 2008 | 9:01 am
It was another eventful trading session on India's equity markets during the week ended Friday when in three out of the five days the key sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended in the red. Source: IndiaeNews.com: Business News | 14 Jun 2008 | 9:01 am
With the regulator having accorded permission for open offer, MindTree is set to raise its stake in Aztecsoft. Source: Moneycontrol Top Headlines | 14 Jun 2008 | 8:43 am
Volvo India is considering launching its financial services arm for its customers even as it has set a target of selling 1 lakh trucks by 2015, which will take its market share to about 15 per cent in the country. Source: Moneycontrol Top Headlines | 14 Jun 2008 | 8:38 am
The UB Group has restructured the operations of Whyte Mackay while turning around its fortunes since its takeover in May last year. Source: Moneycontrol Top Headlines | 14 Jun 2008 | 8:19 am
The two co-CEOs of Research in Motion (RIM), the company that makes BlackBerry, are getting richer and richer as the shares of their business continue to surge unabated. Source: Daily News & Analysis: Money News | 14 Jun 2008 | 8:18 am
Preparations are on in full swing to set up an Animation and Gaming City near here. The government has incorporated a special purpose vehicle (SPV) - Hyderabad Digital Media City - for this. Source: IndiaeNews.com: Business News | 14 Jun 2008 | 8:03 am
Prime Minister Manmohan Singh's government is making a fresh bid to push the US$ 7.4 billion Iran-Pakistan-India (IPI) pipeline with External Affairs Minister Pranab Mukherjee going to Iran on July 29 on a two-day visit that has both economic and political dimensions. Source: IndiaeNews.com: Business News | 14 Jun 2008 | 8:01 am
In a first incident of its kind in Chhattisgarh, Maoist guerrillas blew up the communication tower of a mobile phone company in the state's restive southern region, the police said Saturday. Source: IndiaeNews.com: Business News | 14 Jun 2008 | 8:00 am
OSAKA, Japan (Reuters) - Finance ministers from the world's richest nations warned on Saturday surging commodity prices threatened economic growth, but shrank from any talk of new controls on volatile oil and currency markets.
MUMBAI (Reuters) - Two leading real estate developers DLF Ltd and Unitech Ltd have shelved plans to list their real estate investment trusts (REIT) on the Singapore Stock Exchange due to global equity turmoil, a newspaper report said on Saturday.
WASHINGTON (Reuters) - Microsoft Corp sought on Friday to enlist support for its opposition to a new advertising collaboration deal between Google Inc and Yahoo Inc, two sources familiar with the matter told Reuters.
MUMBAI (Reuters) - Sterlite Industries, India's top non-ferrous metals company, and Tata Power Co Ltd will enter the country's benchmark BSE Index after a rejig, the stock exchange said.
Long and frequent power cuts have brought them together and how! The residents of some posh neighbourhoods of Gurgaon have reaped an unexpected bounty after pooling in money for captive power plants - the joys of community living. Source: IndiaeNews.com: Business News | 14 Jun 2008 | 3:00 am
SEATTLE/SAN FRANCISCO (Reuters) - When Yahoo Inc turned down the latest offer from Microsoft Corp this week, it walked away from $9 billion in cash and $1 billion a year in additional operating profit, Microsoft said on Friday.
TPG Newbridge may invest $150 million for a 49 per cent stake in a company that will be created to hold 100 per cent of the equity capital of Shriram City Union Finance, it is reliably learnt.The arrangement is similar to the one that was ... Source: Business Line - Home Page | 14 Jun 2008 | 12:00 am
The Sensex opened on Monday with a huge gap down of nearly 450 points at 15,115, fell further to touch the day's low of 14,846, and closed at 15,066. Zooming oil prices, grave outlook on inflation and selling spree by FIIs made the investors ... Source: Business Line - Home Page | 14 Jun 2008 | 12:00 am
Thiruvananthapuram, June 13 A fleet-footed monsoon persisted with its hurried run into the northwest on Friday calling in at Rajasthan, Haryana and Punjab, having covered entire Uttarakhand, Himachal Pradesh and Jammu and Kashmir. It ... Source: Business Line - Home Page | 14 Jun 2008 | 12:00 am
However, many people don't understand the need to start pooling funds for retirement early on. They delay their planning and start at a later stage in life. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 10:26 pm
SBI will set up a Rs 500 crore private equity fund to cater exclusively to the small and medium enterprises, bank chairman O P Bhatt said. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:57 pm
Saraswat Co-operative Bank Ltd said it will acquire three cooperative banks this fiscal, taking the total number of its acquisitions to eight. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:56 pm
The government on Friday rolled back the export duty on flat-rolled steel products after producers agreed to lower prices last month. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:54 pm
Wipro, India's third-largest software exporter, has increased focus on large IT deals by setting up a specialised team for the purpose, senior company officials said. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:54 pm
BJets, a business aviation company backed by the Tata group, will take to the skies in the next two months, offering fractional and block charters to corporates and individuals. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:52 pm
MAN Infraprojects Ltd, the real estate arm of pipe manufacturing company MAN Industries India owned by UK's MAN group, is returning to the realty sector. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:51 pm
Cosmo Films, a maker of bi-axially oriented polypropylene (BOPP) and thermal lamination films, is looking to focus more on the export market. Source: Daily News & Analysis: Money News | 13 Jun 2008 | 9:50 pm
It\'s been called the mother of all deals in the Indian telecom space. After today\'s development, it seems like mother Kokilaben may need to step in to make it happen. That\'s because her two sons Anil and Mukesh are at war again. Source: Moneycontrol Top Headlines | 13 Jun 2008 | 8:39 pm
Transport operators across India have been facing the double whammy of high oil prices and rising operating costs. Now, there is more bad news. Private banks have reduced their lending to this sector. The transport industry, which mainly works on finance, is set for a rough ride. Source: Moneycontrol Top Headlines | 13 Jun 2008 | 8:36 pm
The government has hiked export duty on long steel products from 10% to 15%, reports CNBCTV18. \"Export duty hike on long steel products is to improve supply.\" Source: Moneycontrol Top Headlines | 13 Jun 2008 | 8:26 pm
Airlines are currently flying through rough financial weather. They could be further hit by a fresh round of price cuts by low cost carriers. GoAir and SpiceJet will soon offer airfares as low as Rs 099 as the basic fare. Full service airlines are asking the government to intervene and introduce discipline in the pricing strategy in the sector. Source: Moneycontrol Top Headlines | 13 Jun 2008 | 8:22 pm
The Reliance Anil Dhirubhai Ambani Group (RDAG) Friday said their talks with the South Africa-based telecom company MTN were 'ongoing' and alleged that some other entities were trying to disrupt the negotiations. Source: IndiaeNews.com: Business News | 13 Jun 2008 | 7:31 pm
After meeting the Prime Minister earlier this week, airline chiefs are meeting again to make a stronger case to the government for a relief package. State Finance Ministers are expected to meet on June 16 to discuss a cut in sales tax on ATF. Source: Moneycontrol Top Headlines | 13 Jun 2008 | 7:00 pm
Faced with the prospect of $1.5 billion losses owing to a slowdown in passenger traffic and high aviation turbine fuel (ATF) costs, airline companies are cancelling or cutting deliveries of new aircraft due this year or sub-leasing them to other carriers globally. Source: Business Standard | Front Page Headlines | 13 Jun 2008 | 6:49 pm
Insurance companies, which are major shareholders in the country's biggest drug maker Ranbaxy Laboratories, said they will sell part of their stake in the company to the highest bidder. Source: Business Standard | Front Page Headlines | 13 Jun 2008 | 6:47 pm
The government today raised the export duty on iron ore and long steel products used in construction in another attempt to cool prices, rewarded flat steel producers with duty-free exports after they promised to hold prices and imposed fresh excise duty on large cars and sports utility vehicles to dissuade conspicuous expenditure. Source: Business Standard | Front Page Headlines | 13 Jun 2008 | 6:46 pm
REUTERS - India's Reliance Communications said Reliance Industries had claimed first right of refusal to buy a controlling stake in it, but the mobile operator said this would not delay its tie-up talks with South Africa's MTN Group.
Aditya Mittal, CFO and Member of the Groups management board,
ArcelorMittal said the company is looking for acquisitions in steel and mining. Mittal added that the India plant is on track and will begin operations in 2012. Mittal added that ArcelorMittal is not looking for acquisitions in North Asia. Source: Moneycontrol Top Headlines | 13 Jun 2008 | 6:22 pm
NEW DELHI (Reuters) - India's Reliance Communications said Reliance Industries had claimed first right of refusal to buy a controlling stake in it, but the mobile operator said this would not delay its tie-up talks with South Africa's MTN Group.
MUMBAI (Reuters) - Reliance Industries said it had in good faith informed the Anil Dhirubhai Ambani Group (ADAG) and South Africa's MTN Group over an agreement on ADAG company Reliance Communications.
MAN Infraprojects, subsidiary of Britain-based MAN Group, Friday announced plans to invest Rs.10 billion in seven realty projects in the country over the next three years. Source: IndiaeNews.com: Business News | 13 Jun 2008 | 5:03 pm
The Andhra Pradesh government Friday announced setting up of a trust to provide collateral security for loans to entrepreneurs belonging to the Scheduled Castes (SC) and the Scheduled Tribes (ST). Source: IndiaeNews.com: Business News | 13 Jun 2008 | 5:02 pm
Only a few months have passed since India overtook the US to become the number-two wireless network in the world. Source: IndiaeNews.com: Business News | 13 Jun 2008 | 5:01 pm
NEW DELHI (Reuters) - India on Friday raised export duties on long steel products and iron ore to boost local supplies but scrapped export duties on flat-rolled products, the finance ministry said in a statement.
NEW DELHI (Reuters) - Indian inflation raced to its highest in seven years at the end of May and could top 10 percent this month as higher fuel prices feed in, stoking speculation of more central bank tightening after this week's surprise rate hike.
