NEW DELHI (Reuters) - Parsvnath Developers Ltd is in advanced talks with a Singapore-based real-estate company for hospitality and real-estate joint ventures, the Indian firm's chairman said on Friday.
MUMBAI (Reuters) - The Reserve Bank of India may tighten policy ahead of its scheduled review in July, Moody's said on Friday, after data showed annual inflation at a 13-year high in early June.
MUMBAI (Reuters) - Indian shares provisionally ended 3.3 percent down on Friday, led lower by Reliance Industries Ltd as the market was spooked by inflation that shot to its highest in 13 years.
Attributing the surge in inflation to rise in administered prices of petroleum products, Finance Minister P Chidambaram on Friday Source: Daily News & Analysis: Money News | 20 Jun 2008 | 10:07 am
NEW DELHI (Reuters) - Indian inflation shot above 11 percent in early June to a 13-year high following a rise in state-set fuel prices, rattling markets and prompting the finance minister to warn of stronger anti-inflation measures ahead.
Coal mining has been badly affected in Jharkhand due to torrential rain, said an official Friday. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 10:02 am
The Communist Party of India-Marxist (CPI-M) Friday accused the government of failing to curb rising prices, saying the Manmohan Singh government was to blame for the 'dismal situation'. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 10:01 am
India's equity markets made a steep nosedive Friday, with key indices dropping to their lowest levels this year, soon after the government announced inflation had reached 11.05 percent, a 13-year high. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 10:00 am
Indian industry lobbies have expressed concern over inflation crossing the double digit mark Friday. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 10:00 am
The new Karnataka government wants to employ more local Kannadigas in IT and BPO sectors. But instead of reservations, the state plans to focus on skillbased training in the villages to make the youth more employable. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 9:54 am
NEW DELHI (Reuters) - Double digit inflation is a threat to India's plans to sustain high economic growth and the price rise will moderate only if global oil prices remain stable, industry bodies said on Friday.
MUMBAI (Reuters) - India will provide edible oils at subsidised rates through ration shops in 15 states from July, a government statement said on Friday.
South African mobile giant MTN remained silent on its talks with India's Reliance Communications at its annual general meeting here on Thursday. Source: Daily News & Analysis: Money News | 20 Jun 2008 | 9:46 am
MUMBAI (Reuters) - The Deccan Aviation-Kingfisher combine on Friday set new minimum base fares with immediate effect, a day after Jet Airways set minimum fares, and Spicejet and Air India increased fares.
Maoist guerrillas blew up a railway track that led to a goods train being derailed in Jharkhand's Gumla district, the police said Friday. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 9:31 am
Bank stocks plunged between two to nine per cent on Friday suffering the brunt of the meltdown in the market Source: Daily News & Analysis: Money News | 20 Jun 2008 | 9:22 am
Inflation shot up on Friday to a 13-year high of 11.05 per cent fuelled by rise in prices of petrol, diesel and cooking gas Source: Daily News & Analysis: Money News | 20 Jun 2008 | 9:16 am
Engineering and construction heavyweight Larsen and Toubro (L and amp;T) has bagged orders worth Rs.10 billion for supplying high-tech equipment and systems in the first two months of this quarter, the company said here Friday. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 9:02 am
Wipro chairman Azim Premji has blamed the 'irresponsible' attitude of the central government for rising inflation in India and said this phenomenon was usual in the months ahead of elections. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 9:02 am
NEW DELHI (Reuters) - India's main communist party said on Friday it would step up protests against rising prices after the country's wholesale price inflation rate rose to a 13-year high.
The finance ministry had cautioned the cabinet about the effect of raising fuel prices on India's inflation, Finance Minister P. Chidambaram said here Friday soon after inflation reached 11.05 percent. He also hinted at stronger monetary measures. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 9:00 am
Heavy rainfall and the consequent floods in certain parts of West Bengal and Orissa in the past few days have hit movement of rakes carrying imported coal from three east cost ports of Haldia, Paradip and Visakhapatnam to steel plants of Steel Authority of India Ltd (SAIL) and Tata Steel. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 8:48 am
Phenomenal growth in cellular subscriber base in the country is proving to be a windfall for handset manufacturers. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 8:47 am
Emaar MGFs 50:50 joint venture with Leighton Group would not carry out construction of the realtors Mohali Hills integrated township project as originally planned, and instead focus on construction of the Palm Springs project in Gurgaon, along with other upcoming projects. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 8:44 am
Buoyed by a sustainable turnaround which enabled the company to declare a dividend after a period of five years, Bata India Ltd has decided to open 250 new outlets across the country within the next three years. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 8:43 am
Global IT and telecom majors including Google, Microsoft, BT and ATT are pushing for unrestricted Internet telephony in India. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 8:39 am
Domestic air travel has become more costly. With the price of aviation turbine fuel (ATF) soaring, almost all airlines including Air India, Jet Airways, JetLite and the low cost airline, SpiceJet have announced an increase in basic fares. Source: Moneycontrol Top Headlines | 20 Jun 2008 | 8:37 am
NEW DELHI (Reuters) - India will have to look at stronger measures to counter rising inflation, Finance Minister Palaniappan Chidambaram said on Friday after data showed annual wholesale price inflation at a 13-year high of 11.05 percent.
MUMBAI (Reuters) - India's wholesale price inflation (WPI) could remain in double digits for the next nine months and peak at 15 percent by the end of 2008, HSBC said on Friday.
India's annual inflation rate touched a 13-year high of 11.05 percent for the week ended June 7, the same week during which the central government had announced large hikes in prices of petrol, diesel and cooking gas. Source: IndiaeNews.com: Business News | 20 Jun 2008 | 7:32 am
We recommend a sell in Dr Reddys Laboratories from a short-term perspective. The stock has been on a medium-term uptrend since its February 2008 low of Rs 501. However, the stock met with a significant resistance at Rs 720 level in early June and ... Source: Business Line - Home Page | 20 Jun 2008 | 12:00 am
In line with our expectation, the stock declined in the last trading session. We retain our sell recommendation in this counter. Infosys We recommend a sell in this stock for the session. ... Source: Business Line - Home Page | 20 Jun 2008 | 12:00 am
In the 1970s, when oil prices shot up ten-fold, it was considered ‘black gold’. The fortunes of several countries with large reserves of oil soared. However, this black gold is turning the bottom-line of the aviation industry a deep ... Source: Business Line - Home Page | 20 Jun 2008 | 12:00 am
The port is hoping to receive good response this time for its Rs 480-crore dredging project, including from Indian dredging companies. Source: Daily News & Analysis: Money News | 19 Jun 2008 | 10:28 pm
Asian rivals like Vietnam, China, Pakistan and Indonesia are also providing stiff competition on prices front for exports especially to the European Union (EU) and the US. Source: Daily News & Analysis: Money News | 19 Jun 2008 | 10:25 pm
Get ready to shell out more for air travel starting today with major domestic airlines hiking fares. Source: Daily News & Analysis: Money News | 19 Jun 2008 | 10:24 pm
Brakes Auto, which is setting up a Rs 66 crore greenfield castings and forgings plant in Dhulia, has postponed the plant's launch by eight-nine months. Source: Daily News & Analysis: Money News | 19 Jun 2008 | 10:06 pm
The Reserve Bank of India on Thursday put off an already-delayed introduction of credit derivatives in India, citing the terrible experience of western banks. Source: Daily News & Analysis: Money News | 19 Jun 2008 | 10:05 pm
Emerging market investors have become more bearish than ever, going by a global fund manager survey conducted by Merill Lynch analysts Michael Hartnett and Michael Penn. Source: Daily News & Analysis: Money News | 19 Jun 2008 | 10:04 pm
The Securities and Exchange Board of India, or Sebi, is likely to convene in Mumbai on June 20, reports CNBCTV18. The board is likely to clear proposal for currency futures, sources said. Source: Moneycontrol Top Headlines | 19 Jun 2008 | 8:31 pm
The Maharashtra government says Reliance Infrastructure bid for SewriNhava Sheva link is void, reports CNBCTV18, quoting Newswire18. Reliance Infrastructure failed to extend the bid validity beyond June 12. Source: Moneycontrol Top Headlines | 19 Jun 2008 | 8:30 pm
Reliance Communications is all set to file criminal charges against three Reliance Industries, or RIL, officials involved in signing the January 12, 2006 agreement. The petition is likely to be filed in the Bombay High Court tomorrow. Sources said that the company would challenge RComm over the complaints. Source: Moneycontrol Top Headlines | 19 Jun 2008 | 8:22 pm
The Securities and Exchange Board of India (Sebi) is looking into the possibility of price manipulation in the shares of Ranbaxy Laboratories. Source: Business Standard | Front Page Headlines | 19 Jun 2008 | 6:52 pm
Shares of Ranbaxy Laboratories today fell 7.67 per cent on the Bombay Stock Exchange to Rs 552.25 at close, after top investment banks like JP Morgan and CLSA said the out-of-court settlement with Pfizer over cholesterol pill Lipitor announced yesterday would delay the launch of the drug in the US by well over a year. Source: Business Standard | Front Page Headlines | 19 Jun 2008 | 6:51 pm
The Bombay Stock Exchange is set to see a reshuffle in its board of directors, the first since the country's oldest bourse was demutualised and became a limited company last year. Source: Business Standard | Front Page Headlines | 19 Jun 2008 | 6:50 pm
Confronted with spiralling aviation turbine fuel (ATF) prices, which account for half an airline's operating costs in India, several low-cost and full-service carriers will go for a steep increase in fares that could vary from 5 to 20 per cent, from June 20. Source: Business Standard | Front Page Headlines | 19 Jun 2008 | 6:49 pm
