JC Sharma, MD, Sobha Developrs feels that price situation is stabilizing and does not foresee cement or steel prices in this kind of a scenario can continue to go up. Sanjiv Goenka, Vice Chairman, CESC said that the plans that the company has announced are not under threat but overall margins are appearing under stress. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 1:56 pm
YM Deosthalee, CFO, LT sees no major fall in his company\'s FY09 order inflows. The company has price escalation clauses in most contracts to protect margins, he said. The margins are dependant on their ability to manage costs, Deosthalee added. He does not expect much impact on LT\'s margin front in current year. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 1:07 pm
The Oil Secretary has said that the Ministry will not defer the National Exploration Licensing Policy (NELP) VII bid deadline beyond June 30. The trilateral meeting on Iran pipeline will be held next month. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 12:48 pm
Cabinet will consider merger between State Bank of India or SBI and Bank of Saurashtra in 10 days, according to NewsWire18 reports. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 10:36 am
MUMBAI (Reuters) - Surging food prices and signs of a normal monsoon underway have fired up Indian farmers, but shortage of quality seeds and fertilisers are frustrating many, industry officials said.
BANGALORE (Reuters) - Indian shares provisionally closed 1.8 percent lower on Monday, led by losses in Reliance Industries, as worries about further monetary policy tightening spooked sentiment.
Construction major GMR proposes to invest Rs.310 billion($7.75 billion) to acquire the refinery and petrochemical plant being planned by the state-owned Oil and Natural Gas Corporation (ONGC) in Kakinada in Andhra Pradesh. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 10:00 am
LONDON (Reuters) - Oil rose more than $1 a barrel on Middle East tension on Monday, while European shares and the euro were hit by a raft of data showing increasing euro zone economic weakness.
LONDON (Reuters) - Oil rose more than $1 on Monday as escalating tensions between Israel and Iran stoked supply concerns and as Saudi Arabia's promise to pump more oil if needed failed to win over a sceptical market.
Citigroup is in for an aggressive round of layoffs, where it will start firing about 6,500 employees from its investment banking business, media reports said. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 9:29 am
World's largest metal and mining company ArcelorMittal today announced that it has signed an agreement to acquire Mid Vol Coal Group of the US. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 9:29 am
Another controversy is brewing in the Malayalam film industry with the MACTA Federation on Monday alleging that Reliance, Walmart and Tatas have signed up at least three top actors. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 9:20 am
The long drawn takeover battle and exodus of top executive ranks notwithstanding, internet major Yahoo! expects to more than double its employee strength in India. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 9:16 am
PUNE, India (Reuters) - The Reserve Bank of India (RBI) will play its part in moderating and managing demand and may have to build on actions it has already taken to battle price pressures, its governor Yaga Venugopal Reddy said on Monday.
With the US having played spoilsport, Indian IT companies sought to boost their business from Europe as a derisking strategy. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 9:01 am
India, Pakistan and Iran will meet next month to finalise the $7.4 billion tri-nation gas pipeline project, petroleum secretary M.S. Srinivasan said here Monday. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 9:01 am
ALGIERS (Reuters) - Oil producers cannot pump more without demand for extra suppy, and at the moment that demand does not exist, OPEC President Chakib Khelil said on Monday.
Sterlite Technologies Ltd, manufacturers of power transmission conductors and optical fibre and telecom cables, has bagged two contracts worth Rs.1.07 billion ($26.7 million) from the state-owned telecom major BSNL. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 9:00 am
MUMBAI (Reuters) - India's gold prices were higher on Monday supported by foreign markets where rising crude oil drew more investors to the safe haven of gold.
MUMBAI (Reuters) - The rupee held steady on Monday after weakening earlier as losses in local shares raised worries of more fund outflows, but traders said the Reserve Bank of India (RBI) may be selling dollars to support the local unit.
NEW DELHI (Reuters) - High global oil prices are pushing up India's oil import bill and are likely to widen the country's trade deficit, Commerce and Industry Minister Kamal Nath said on Monday.
With coking coal prices zooming in the global market, Steel Authority of India Ltd is taking a renewed interest in implementing its long pending proposal to fund an estimated Rs 166crore project for redevelopment of Bharat Coking Coal Ltd (BCCL) operated Moonidih mine in Jharkhand. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 8:30 am
San Franciscobased venture capital (VC) firm Walden International better known for its investment in Bangalore based IT firm Mindtree Consulting is reentering India after a fiveyearlong hiatus. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 8:28 am
At least three UKbased companies are interested in picking up a controlling stake in GHCL Ltd, which is into soda ash and textiles. One of the intending investors has offered $175 million for a 20 per cent stake in the company, according to reliable sources. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 8:26 am
NEW DELHI (Reuters) - Officials from India, Pakistan and Iran will meet next month in Tehran to take forward a $7.6 billion project to pipe Iranian gas to the South Asian nations, India's oil secretary said on Monday.
Is there any one way Indians speak English? Or are the desi accents of Hinglish, as numerous as the tongues and dialects of India? Yahoo is about to find out. Source: Moneycontrol Top Headlines | 23 Jun 2008 | 8:24 am
Poor feedback from the field has forced a postponement in the revamp of India's largest job guarantee scheme that is the flagship of the ruling United Progressive Alliance government. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 7:33 am
In the wake of rocketing crude oil prices, petroleum secretary M.S. Srinivasan said Monday that India, Pakistan and Iran will meet next month to discuss issues pertaining to the Iran-Pakistan-India natural gas pipeline. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 7:31 am
Concerns of further tightening of monetary policy triggered fresh sales in the market which is trading with a deep cut in early afternoon trade Monday. Realty and capital goods stocks were the worst hit. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 7:30 am
Finance Minister P. Chidambaram considers inflation the country's biggest challenge on Monday and regards becoming an open market as the way forward. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 7:16 am
The rollout location of the 624cc Nano remains a mystery for its vendors despite the car being slated to hit showrooms across the country in three months. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 6:34 am
The Bombay Stock Exchange benchmark Sensex on Monday tumbled by over 213 points in early trade due to sustained selling triggered by weakening global markets. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 5:16 am
'Mind blowing,' said my Indian friend from Dubai after visiting a shopping mall. No, he was not commenting on a shopping mall in Dubai but one in New Delhi. He said it was one of the biggest and most modern shopping complexes he had seen. Plus, it had lots of shoppers with bags. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 5:00 am
The Indian equities market, which opened with a sharp cut following weak cues from Asian markets, was trading with loss at early trade. Selling pressure was witnessed in capital goods, metals and realty stocks. Source: IndiaeNews.com: Business News | 23 Jun 2008 | 5:00 am
New Delhi, June 22 Indian private and public sector companies have filed less number of carbon revenue generating projects in value and volume terms from January to June 2008, compared with the same period last calendar year. During the ... Source: Business Line - Home Page | 23 Jun 2008 | 12:00 am
Thiruvananthapuram, June 22 The monsoon ‘low’ over east Uttar Pradesh and adjoining Jharkhand and north Chhattisgarh has weakened on Sunday but the remnant cyclonic circulation is still capable of sustaining widespread rains in ... Source: Business Line - Home Page | 23 Jun 2008 | 12:00 am
We recommend a sell in Amara Raja Batteries from a short-term perspective. From the charts of the Amara Raja Batteries we see that the stock has been on a medium-term downtrend from its February 2008 high of Rs 274. In early June, the stock ... Source: Business Line - Home Page | 23 Jun 2008 | 12:00 am
Coimbatore, June 22 Soaring domestic cotton prices have hit the textile sector this year with mills struggling to achieve a breakeven, the Southern India Mills Association (SIMA) has said.The cotton price spiral and short supply in ... Source: Business Line - Home Page | 23 Jun 2008 | 12:00 am
Economic data coming from the US imbibed a 'flight to safety' bias within the international financial markets last week. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 10:15 pm
There are hopes that India's growth in gross domestic product (GDP) will touch double-digit levels. But, it is inflation that has topped 11%. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 10:12 pm
With crude oil prices soaring and the reserve replacement rate falling significantly, increased investments in exploration and production has become inevitable. Source: Daily News & Analysis: Money News | 22 Jun 2008 | 10:09 pm
Profit motives shouldn't override national interests, says BJP leader at the Business Standard annual awards function. Source: Business Standard | Front Page Headlines | 22 Jun 2008 | 7:04 pm
The inability of companies to anticipate a slowdown in demand has resulted in a huge pile-up of inventories in their stores and factories. Source: Business Standard | Front Page Headlines | 22 Jun 2008 | 7:03 pm
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
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
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
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
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
