CARACAS (Reuters) - Venezuela's new finance minister, who is also a former head of OPEC, said he expects record world oil prices to rise further as consumers and producers met in Saudi Arabia on Sunday to debate lowering values.
JEDDAH, Saudi Arabia (Reuters) - World energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in this Red Sea city, but were unlikely to come up with a quick fix.
Ranbaxy Laboratories CEO Malvinder Singh, who will earn some Rs.100 billion ($2.4 billion) from selling his family's stake in the pharmaceutical firm to Japan's Daiichi Sankyo, is now planning to make huge investments in Religare and Fortis, the family's financial service and healthcare companies. Source: IndiaeNews.com: Business News | 22 Jun 2008 | 1:01 pm
It has not been a bloodbath all around as over 150 companies have actually added to their investors' wealth a collective amount of over 15 billion dollars during this period. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 12:47 pm
JEDDAH, Saudi Arabia (Reuters) - Top exporter Saudi Arabia is ready to pump more oil for the rest of the year, although that is unlikely to tame record prices, Saudi Arabian Oil Minister Ali al-Naimi said on Sunday.
DHAKA (Reuters) - India's LMJ International quoted the lowest price of $419 per tonne at a Bangladesh import tender to supply 10,000 tonnes of wheat on Sunday, a trader said.
You can have the best digital camera on the block, but that won't matter if your prints are no good. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 12:02 pm
South Korea has said it will resume
imports of US beef after an agreement banning meat from older
cattle, an attempt to soothe health concerns that have led to
weeks of demonstrations against new President Lee Myung-Bak. Source: Zee News : Business | 22 Jun 2008 | 11:59 am
With relentless rise in crude prices pushing inflation to over 11%, Finance Minister P Chidambaram reached Saudi Arabia on Sunday alongwith Petroleum Minister Murli Deora to the meeting of world`s leading oil producers and consumers in Jeddah. Deora is leading the Indian delegation to the meeting on Sunday with Chidambaram accompanying him to impress the oil cartel OPEC to raise crude oil production to cool prices that have touched USD 140 a barrel. Source: Zee News : Business | 22 Jun 2008 | 11:59 am
Prince Charles has appealed to Asian billionaires including steel tycoon Lakshmi Mittal and Tata chief Ratan Tata to help him protect the environment, preserve historic buildings and support the young unemployed throughout the Indian subcontinent. Source: Zee News : Business | 22 Jun 2008 | 11:59 am
Duchy Originals, a brand of organic products owned by Prince Charles, will make foray into India and the United States as part of its five-year expansion plan. Source: Zee News : Business | 22 Jun 2008 | 11:59 am
India asked oil producing nations not to remain a "passive spectator of speculation" and called for adopting a "price band mechanism" to cool down prices. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 11:53 am
Barclays Capital is upbeat on the structured financial products space in the country which looks set to double to $ 2-billion this year from $ 1-billion last year. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 11:40 am
Inflation will remain at over seven percent till the year-end, says a survey by a prominent Indian industry lobby that attributes the trend of rising prices to external factors beyond the control of domestic monetary policy. Source: IndiaeNews.com: Business News | 22 Jun 2008 | 11:30 am
JEDDAH, Saudi Arabia (Reuters) - World oil powers meeting in Jeddah on Sunday for emergency talks on record oil prices are set for a follow-up meeting in London this October, India's oil minister Murli Deora said.
Ranbaxy CEO Malvinder Mohan Singh says the company's merger with the Japanese Daiichi Sankyo has not diluted its Indian identity. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 9:47 am
DUBAI (Reuters) - OPEC producers should wait until September to decide any change to current oil output levels as supply was adequate, OPEC President Chakib Khelil said on Sunday.
Reliance Infrastructure, which has chalked out an ambitious plan to invest Rs 28,000 crore in the next three years, is looking at acquisitions in India and abroad. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 8:34 am
Monetary policy measures cannot check inflation, say a majority of Indian companies, which expect inflation to remain above seven percent till the end of 2008. Source: IndiaeNews.com: Business News | 22 Jun 2008 | 8:31 am
Despite strong growth, India lags far behind other BRIC countries in social sector achievements, spending lowest on education and health, according to a study by the Associated Chambers of Commerce and Industry of India (Assocham). Source: IndiaeNews.com: Business News | 22 Jun 2008 | 8:30 am
The name Manjari Patil might not immediately ring a bell, but this maths teacher has been quietly working towards ensuring that when children learn their numbers, it becomes a pleasurable task rather than a drudge. Source: IndiaeNews.com: Business News | 22 Jun 2008 | 7:02 am
At least 26 supporters of the proposed project by South Korean steel major Posco in Orissa have been arrested for allegedly attacking several protesters and killing a man, police said Sunday. Source: IndiaeNews.com: Business News | 22 Jun 2008 | 7:01 am
At the age of two, Shaheena looks just a few months old and weighs an apologetic three kilogram. She lives in a dark, cave-like room in the Dhannipur area of this pilgrim town. Source: IndiaeNews.com: Business News | 22 Jun 2008 | 6:31 am
Inflation shot up to 11.05 per cent during the week ending June 7, hitting a 13-year high, following fuel price hikes made earlier this month. This is significantly higher than the 8.75 per cent in the previous reported week. The ... Source: Business Line - Home Page | 22 Jun 2008 | 12:00 am
The Reserve Bank of India is expected to take additional monetary steps to curb the rate of inflation, which is at a 13-year high at present, finance secretary D Subbarao said. Source: Daily News & Analysis: Money News | 21 Jun 2008 | 10:07 pm
Almost all doors for investors to multiply their money are being forced shut, thanks to higher inflation and interest rates. Source: Daily News & Analysis: Money News | 21 Jun 2008 | 9:43 pm
Concerned that a bout of viral fever had resulted in the Prime Minister's Office (PMO) cancelling the Cabinet meeting last Thursday (19 June), a minister who wanted the Cabinet to clear an item pertaining to his ministry made discreet enquiries earlier this week about when Manmohan Singh would be well enough to hold a Cabinet. Source: Business Standard | Front Page Headlines | 21 Jun 2008 | 6:53 pm
The Parikhs, the embattled promoters of Zandu Pharmaceuticals, have raised their stake in the company to face a takeover threat made by Kolkata-based personal care products maker Emami. Source: Business Standard | Front Page Headlines | 21 Jun 2008 | 6:50 pm
Hints at tough monetary measures, deeper cut in taxes.??With inflation at a 13-year high of 11.05 per cent, Finance Minister P Chidambaram today said monetary measures will be taken to curb inflationary expectations. Source: Business Standard | Front Page Headlines | 21 Jun 2008 | 6:49 pm
WASHINGTON (Reuters) - The U.S. Food and Drug Administration hopes to establish operations in India by year's end to better police the growing volume of food, medicines, medical devices and animal feed exported to the United States, a top official told Reuters on Thursday.
For Quintegra Solutions, even an employee motivation programme is part of its pro-environment campaign. Instead of taking its employees to any picnic spot, the city-based IT services company Saturday arranged a 20-km cycle ride as a day-out programme. Source: IndiaeNews.com: Business News | 21 Jun 2008 | 4:30 pm
Reliance Industries USA, part of the Mukesh Ambani-led Indian conglomerate, plans to set up its first plant in the US in North Carolina with an investment of $215 million. Source: IndiaeNews.com: Business News | 21 Jun 2008 | 4:01 pm
Mei Ta Group, a Taiwan-based company, will set up an auto component manufacturing base in Andhra Pradesh at a cost of Rs.6 billion ($143 million). Source: IndiaeNews.com: Business News | 21 Jun 2008 | 4:01 pm
NEW DELHI (Reuters) - The Reserve Bank of India is likely to tighten monetary policy soon, after the finance ministry said on Saturday it expected the monetary authority to take action to cool inflation, now at a 13-year high above 11 percent.
Hyderabad gulps 10 12 % of the beer consumed in the country. Last year Hyderabad devoured 14 lakh hectoliters of beer, and this market is estimated to grow to 150 million dollars by 2011. Source: Moneycontrol Top Headlines | 21 Jun 2008 | 2:34 pm
The new Karnataka government has already asked the centre for Rs 5,000 crore to improve the city\'s infrastructure. One homegrown company Purvankara has decided to fix the problem on its own. It has started developing roads for its projects on its own expense. Source: Moneycontrol Top Headlines | 21 Jun 2008 | 2:28 pm
Reliance Industries USA, part of Mukesh Ambani-led Indian conglomerate, will invest $215 million (about Rs 900 crore) and create over 200 new jobs. Source: Daily News & Analysis: Money News | 21 Jun 2008 | 1:50 pm
