Welspun Gujrat may bag a Rs 2000 crore order from North America reports CNBCTV18 quoting sources. The order is likely to be executed over the next two years. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 3:32 pm
Parikhs has increased the stake in Zandu Pharma by 1.4% between June 1319. In a letter to SEBI, Parikhs have said that they would thwart Emami group\'s attempt to takeover Zandu Pharma. The company had not launched any rival bid to counter Emami group\'s open offer. Parikhs bought Zandu shares in small quantities at Rs 12,243 per share. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 3:14 pm
Sudhir Rangnekar, MD Group CEO of Sical Logistics said that they are getting into airfreight business through an acquisition or a joint venture with other company. They are looking at an acquisition of a mediumscale company in freight forwarding with a turnover of Rs 5060 crore, he said. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 3:00 pm
CNBCTV18 has learnt from sources that Allied Digital is close to buying a Nasdaqlisted technology solution provider. Due diligence has been completed by Allied Digital and the deal may be announced in 15 days, added sources. The management of Allied Digital refused to comment on the development. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 12:28 pm
Rajeev Dubey, President of After Market Biz, Mahindra and Mahindra said that the company plans to infuse Rs 80 Crore via rights issue and other means. The company will also raise Rs 60 crore through a stake sale, he said. The funds thus raised will be used for its expansion plans. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 11:45 am
LONDON (Reuters) - Gold recovered on Tuesday after the previous session's sharp sell-off as oil rose for the third straight day and the dollar eased from highs against the euro.
BANGALORE (Reuters) - Indian shares provisionally ended down 2.11 percent on Tuesday, dropping below 14,000 for the first time in 10 months, with Infosys Technologies and Larsen & Toubro leading the losses.
Luxury car maker Volvo Car India on Wednesday said it has introduced Road Traffic Information (RTI) in its products for hassle free ride to predetermined unfamiliar destinations. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 10:02 am
The Indian arm of British hydrocarbons exploration major Cairn Tuesday began work on a 600-km a pipeline to transport crude oil and gas from Barmer district in Rajasthan to the coastal district of Jamnagar in Gujarat. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 10:01 am
India is the third most popular country for sourcing foreign talent after China and the US, a survey by global recruiting firm Manpower Inc released Tuesday said. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 10:00 am
Continuing its downward march, the wide-based National Stock Exchange index Nifty dipped below 4,200-level in pre-close trading on Tuesday. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 9:37 am
US software giant Microsoft has topped the list of most reputed companies in India ahead of homegrown major Infosys and public sector banking giant State Bank of India. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 9:23 am
Satluj Jal Vidyut Nigam Ltd (SJVN), the hydro-power generation company promoted by the Centre and the Himachal Pradesh government, plans to spread its wings abroad. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 9:23 am
NEW DELHI (Reuters) - Tata Steel Ltd, the world's No.6 steel maker, should say on Thursday its quarterly profit before tax and one-offs rose by a third from the previous
Satluj Jal Vidyut Nigam Ltd (SJVN), the hydro-power generation company promoted by the Centre and the Himachal Pradesh government, plans to spread its wings abroad, a top official said. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 9:02 am
The central government has received several proposals for setting up solar power plants that would generate a total of 2,000 megawatt, new and renewable energy secretary V. Subramanian said here. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 9:00 am
MUMBAI (Reuters) - The rupee was virtually unchanged on Tuesday, as uncertainty in local stocks weighed on investor sentiment, but the RBI is expected to be keeping the local currency from breaking past 43 a dollar.
JK Tyres said that it would start producing company branded truck tyres from the facility of its recently acquired Mexican company Tornel. The company would continue to produce both the brands JK Tyre and Tornel for the markets in North and South America. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 8:52 am
YES Bank is constantly on the look out to identify gaps in the market and develop them, according to Mr Somak Ghosh, Group President (Corporate Finance Development and Knowledge Banking). Source: Moneycontrol Top Headlines | 24 Jun 2008 | 8:50 am
With rising demand for the latest beauty products in India, international chain Estee Lauder is making a foray into the lucrative South Asian market. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 8:50 am
SaintGobain Glass India Ltd plans to invest Rs 1,000 crore on a three lakh tonnes a year greenfield float glass making plant at Bhiwadi in Rajasthan. This will take its float glass capacity to more than 7.5 lakh tonnes a year, from 4.5 lakh tonnes now. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 8:46 am
ONGC Tripura Power Company Ltd (OTPC) has placed a letter of award (LoA) on consortium of Bharat Heavy Electricals Ltd (BHEL) and General Electric (GE) for the generation of 720 MW of power from natural gas produced by ONGC in Tripura. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 8:44 am
Kingfisher Airlines and Simplifly Deccan, part of the UB Group, have slashed over 10 per cent of their total daily flights while Deccans 47 expat engineers are being sent back home. Source: Moneycontrol Top Headlines | 24 Jun 2008 | 8:42 am
HDFC Bank said it has alloted nearly seven crore equity shares to the shareholders of Centurion Bank of Punjab, pursuant to the banks' decision to swap shares. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 8:36 am
While the government is trying out various methods, tobacco lovers are turning to cheaper options to 'puff away their blues'. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 8:22 am
TOKYO (Reuters) - Oil rose for a third straight session to above $137 a barrel on Tuesday, supported by fears of Nigerian supply disruptions and tensions between Israel and Iran.
(Reuters) - The Reserve Bank of india (RBI) is expected to tighten monetary policy soon, although governor Y.V. Reddy has indicated a tightening will be a carefully considered step, calming concerns of swift and aggressive action.
NEW DELHI (Reuters) - The Reserve Bank of India (RBI) has a role to play in taming inflation, which has touched a 13-year high, the deputy chairman of India's Planning Commission said on Tuesday.
NEW DELHI (Reuters) - India's economic "miracle" is being examined more critically, as inflation hits a 13-year-high and growth is expected to tail off.
A consortium comprising the US-based General Electric (GE) and India's state-run Bharat Heavy Electricals Ltd (BHEL) has been awarded a Rs.22 billion ($550 million) power generation contract by hydrocarbons exploration major Oil and Natural Gas Corp (ONGC), it was announced Tuesday. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 7:32 am
The Indian equities market was trading firm in the early afternoon trade. Buying interest was seen in banking, realty and capital goods stocks. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 7:30 am
The Bombay Stock Exchange benchmark Sensex on Tuesday recovered by over 88 points in early trade on buying at existing lower levels. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 6:17 am
NRI steel tycoon Lakshmi Mittal has bought his third major property for £ 70 million in Kensington Palace Gardens, London's most expensive street. Source: Daily News & Analysis: Money News | 24 Jun 2008 | 6:14 am
The Indian equities market, which opened with a minimal gain, was trading with profit at early trade Tuesday. Buying interest was seen in banking, oil and gas, and capital goods stocks. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 5:00 am
Jitendra Agrawal is good looking, in his 30s and desperate to get married. But sadly, there are no takers for this eminently suitable groom in this Jharkhand town. The reason - smouldering underground fires in the vast reserves of coal below the township that has claimed several lives. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 4:30 am
The state-owned Oil and Natural Gas Corporation (ONGC) has awarded a Rs.22.07 billion power generation contract to a consortium comprising the state-run Bharat Heavy Electric Limited (BHEL) and US-based General Electric Company, officials said here Tuesday. Source: IndiaeNews.com: Business News | 24 Jun 2008 | 3:30 am
Bangalore, June 23 Kingfisher Airlines and Simplifly Deccan, part of the UB Group, have slashed over 10 per cent of their total daily flights while Deccan’s 47 expat engineers are being sent back home.Sources in the UB group told ... Source: Business Line - Home Page | 24 Jun 2008 | 12:00 am
Mumbai, June 23 The equity markets which fell by more than 270 points saw a short recovery in intra-day trade on Monday, on cues that no monetary tightening measurers are expected, at least for the day.Markets were rife with talk, ... Source: Business Line - Home Page | 24 Jun 2008 | 12:00 am
The stock is finding support at Rs 1,800 level. Buy the stock in dips with stop at Rs 1,800. L&TOn Monday, the stock conclusively penetrated the key support level of Rs 2,500 by declining over 6 per cent, ... Source: Business Line - Home Page | 24 Jun 2008 | 12:00 am
Roger Bootle’s Death of Inflation was a best seller in the mid-90s. His argument about the reality of zero inflation eras was both provocative and persuasive. It was a Goldilocks background at that point in time ... Source: Business Line - Home Page | 24 Jun 2008 | 12:00 am
Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said. Source: Daily News & Analysis: Money News | 23 Jun 2008 | 10:26 pm
In a bid to increase private sector investment for its incubation projects, the country's premier engineering institute ? Indian Institute of Technology (IIT), Bombay ? has recruited an investment banker as Chief Executive Officer of the Society for Innovation and Entrepreneurship (SINE), its incubation centre. Source: Business Standard | Front Page Headlines | 23 Jun 2008 | 6:44 pm
Private infrastructure company GMR will replace state-owned Oil and Natural Gas Corporation (ONGC) in the proposed Rs 31,000-crore refinery and petrochemical plant at Kakinada in Andhra Pradesh. Source: Business Standard | Front Page Headlines | 23 Jun 2008 | 6:43 pm
Reserve Bank of India (RBI) governor Y V Reddy breathed some life into a nervous financial system that was expecting immediate monetary measures from the central bank by saying managing inflation need not mean sacrificing growth. Source: Business Standard | Front Page Headlines | 23 Jun 2008 | 6:42 pm
??On June 20, 2005, India's largest real estate company DLF bought the 17.5 acre Mumbai Textile Mills land for Rs 702 crore from the National Textile Coporation (NTC) and announced a futuristic retail-cum-entertainment centre in Lower Parel. Source: Business Standard | Front Page Headlines | 23 Jun 2008 | 6:41 pm
