Nandan Nilekani, CoChairman and MD, Infosys shared his experiences about starting up a business from ground zero to managing a multibillion dollar company. He said that one of the lessons he learned was to stick your netting. The other lesson was that when in your core business, you should not mess around but just do that business well . Source: Moneycontrol Top Headlines | 28 Jun 2008 | 1:56 pm
Karnataka govt is seeking the help of a veteran industry leader to help formulate its new IT policy. The IT Minister has sought the help of Infosys Chief Mentor NR Narayanamurthy in developing the rural IT policy and has requested Infosys to help develop a skill development programme for rural youth. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 1:52 pm
Look who\'s manning traffic in Banglaore. Techies who\'ve moved into the city over the last few years have decided that enough is enough and they\'re determined to put some road sense into violators. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 1:04 pm
The business of cinema is all set to change with the entry of multiplexes in Hyderabad. Currently Hyd has just 13 screens in three multiplexes with a seating capacity of close to 3,000. The existing capacity is not enough given the large cosmopolitan population, the rising mall culture and a thriving film industry. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 12:51 pm
Cops in B\'lore are now using information technology to deal with the traffic mess. The dept is spending over Rs 2 cr to put in place surveillance and enforcement cameras. Commuters can access pictures on their mobile phones. The police have already tied up with Airtel and Mapunity for the service. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 12:23 pm
After a gap of four years, load shedding begins in Kerala from Friday. This is because there\'s a shortage of almost 500 MW following deficient rains, reports CNBCTV18. The 30 minutes of daily load shedding has been started after weak rains aggravated the power crisis in a state that\'s heavily dependent on hydel power. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 12:16 pm
Major public sector lenders,
notably State Bank of India, Punjab National Bank and Canara
Bank, hiked their benchmark prime lending and deposit
rates following the Reserve Bank`s decision to tighten money
supply further. Source: Zee News : Business | 28 Jun 2008 | 12:08 pm
South African telecom major MTN,
which is in talks with Anil Ambani-led Reliance Communications
for a possible amalgamation said it will acquire I-talk
cellular which is a service provider of the company. Source: Zee News : Business | 28 Jun 2008 | 12:08 pm
Reliance Mutual Fund today launched Reliance SIP (Systematic Investment Plan) Insure - an add on feature of free life insurance cover ensuring that all planned investments are completed even in the event of unfortunate demise of an investor. Source: Zee News : Business | 28 Jun 2008 | 12:08 pm
In the wake of the rising oil
prices, major US airlines are forced to cut their services and
the flights could be reduced by as much as ten percent this
year with deeper cuts in 2009, according to industry analysts. Source: Zee News : Business | 28 Jun 2008 | 12:08 pm
Century Enka Ltd, a B.K. Birla group company that saw its net profits dipping in 2007-08, will do appreciably well after two years, company chairman B.K. Birla said here Saturday while ruling out further investment in the near future. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 11:01 am
IT and IT enabled services (ITES) companies, which are planning to make investments in small cities, face serious infrastructure problems there, said a top industry official here Saturday. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 11:00 am
As Tata Motors gears up to roll out Nano by Durga Puja, country's largest car maker Maruti Suzuki is confident that the Rs one-lakh wonder will be of no competition to it. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 10:06 am
TEHRAN (Reuters) - Iran has discovered an oilfield within its southwestern Farsi oil block, an oil official said on Saturday, without giving details of estimated reserves.
Jay Shree Tea Industries Ltd, belonging to the B K Birla Group, has acquired Jayantika Tea Co Ltd having a tea estate in Dooars. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 8:50 am
Bausch Lomb Eyecare Pvt Ltd, the market leader in contact lenses, has changed tack in a bid to make the product more attractive to consumers. Instead of focusing on the functional benefits, in a new marketing effort for its latest product SofLens 59, it has taken the emotional plank to get youth to connect with it. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 8:45 am
Jupiter Biosciences Ltd (JBL) has acquired a facility of Merck in Switzerland and forged a fiveyear agreement for its peptide products with the pharma giants Biosciences company. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 8:39 am
Bajaj Autos facility at Waluj near Aurangabad is gearing up to accommodate assembly lines to produce the companys first fourwheel light commercial vehicle, indicating that BAL, which has said it is open to an alliance with partners RenaultNissan for LCVs, intends to go solo on this front at least initially. Source: Moneycontrol Top Headlines | 28 Jun 2008 | 8:34 am
Tata Motors said its ambitious Nano project was facing cost overrun but maintained the Rs one lakh car could be rolled out from its Singur facility by Durga Puja. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 8:04 am
MUMBAI (Reuters) - Axis Bank has been granted approval from the Reserve Bank of India (RBI) to set up an asset management company, the Mint newspaper reported on Saturday, citing the lender's executive director, Asok Kumar.
NEW YORK (Reuters) - Oil prices rose to a record near $143 a barrel on Friday as a drop in global equities markets sent fresh investors into commodities.
Working families in the country are spending more compared to previous years with a large portion of their salaries going for housing, medical care, education, transport and communications. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 6:13 am
India has been ranked 64th in a global list of best countries to do business in, dropping from 51st place last year. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 5:39 am
In the wake of the rising oil prices, major US airlines are forced to cut their services and the flights could be reduced by as much as ten per cent. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 5:13 am
The price curve of Indian art is shooting north in the global market because of 'increased consciousness' about it, say experts. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 5:00 am
Andhra Pradesh attracts the maximum number of domestic tourists while national capital Delhi gets the most foreign travellers, say official figures. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 4:30 am
WASHINGTON (Reuters) - The U.S. Senate confirmed a career community banker to the Federal Reserve Board on Friday, but left two other Bush nominees languishing in a compromise that brings the central bank only partway to full strength at a time of unusual economic stress.
The government Friday said it will stick to the June 30 deadline for receiving bids from domestic and global companies for the award of hydrocarbon assets under the seventh round of auctions. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 12:00 am
Rainfall surplus for the country as a whole has depleted to 26 per cent as on Wednesday from a 19-day-high of 45 per cent a week ago, as the monsoon withered along the west coast during the intervening period. Lack of a trigger mechanism in ... Source: Business Line - Home Page | 28 Jun 2008 | 12:00 am
New Delhi, June 27 Seventy one million CDMA mobile subscribers face an uncertain future with regard to the availability of third generation mobile services. Even as the Government is close to finalising the policy for 3G services for ... Source: Business Line - Home Page | 28 Jun 2008 | 12:00 am
Mumbai, June 27 The hike in Cash Reserve Ratio and Repo Rate is likely to have a cascading effect on the cement industry, which is reeling under high input cost and Government measures keeping retail prices under check. An expected ... Source: Business Line - Home Page | 28 Jun 2008 | 12:00 am
Mumbai, June 27 Stock prices of airline companies fell on Friday amidst fears of the latest hike in oil prices likely to impact cost of aviation turbine fuel or ATF, yet again. The stocks of three listed companies Jet Airways, Spicejet and ... Source: Business Line - Home Page | 28 Jun 2008 | 12:00 am
Ratings have been a touchy subject in India's television broadcasting scene. With aMap coming in a few years ago, incumbent ratings agency TAM has had to fight competition. Source: Daily News & Analysis: Money News | 27 Jun 2008 | 10:29 pm
The much -awaited policy revision on decontrolled fertilisers - that is, phosphatic and potassic fertilisers - has seen the light of day. Source: Daily News & Analysis: Money News | 27 Jun 2008 | 10:27 pm
National Housing Bank (NHB), will set up a mortgage guarantee corporation in the form of a non-banking finance company (NBFC)
within three months. Source: Daily News & Analysis: Money News | 27 Jun 2008 | 10:11 pm
NEW YORK/LONDON (Reuters) - Gold ended near a one-month high on Friday as record oil prices stirred inflation fears and wreaked havoc on global stock markets, prompting investors to pour funds into bullion.
You may have faced hardships while procuring a mediclaim policy for your ageing parents. Even the agents must have quoted exorbitant premium rates for a policy Source: Daily News & Analysis: Money News | 27 Jun 2008 | 10:10 pm
Kids these days seem to be learning new things at an accelerated pace. From mobile phones to other gizmos, they seem to know it all already. Source: Daily News & Analysis: Money News | 27 Jun 2008 | 10:09 pm
The northward march of crude oil prices has led to fears that the fuel subsidy bill could balloon to Rs 300,000 crore this year. Source: Business Standard | Front Page Headlines | 27 Jun 2008 | 6:47 pm
Index down 619 pts; market sees prolonged uncertainty. ??The Indian stock market posted its sixth weekly decline on Friday, the longest losing streak since April 2001, on concerns that higher interest rates will crimp profit as energy costs and inflation surged. Source: Business Standard | Front Page Headlines | 27 Jun 2008 | 6:44 pm
San Francisco may get delayed, New York on ice.??Two months before its maiden overseas flight was to take off, billionaire Vijay Mallya's Kingfisher Airlines has decided to rethink its whole strategy of flying abroad. Source: Business Standard | Front Page Headlines | 27 Jun 2008 | 6:42 pm
REDMOND, Wash. (Reuters) - Bill Gates said a teary goodbye on Friday to Microsoft Corp, the software maker he built into the world's most valuable technology company based on the ambitious goal of placing a computer on every desk and in every home.
GENEVA (Reuters) - Governments negotiating a global trade treaty on Friday backed what trade experts said was a "make-or-break" test of the seven-year drive to cut tariffs and subsidies that pinch exporters and constrain growth.
The Himachal Pradesh cabinet Friday deferred the decision on controversial Dutch company Brakel Corp, official sources told IANS. Source: IndiaeNews.com: Business News | 27 Jun 2008 | 4:33 pm
The next 18-24 months are crucial for the Indian realty sector given the various challenges that lie ahead, said a top official of global real estate brokerage firm Jones Lang LaSalle Meghraj (JLLM) here Friday. Source: IndiaeNews.com: Business News | 27 Jun 2008 | 4:33 pm
Hyderabad-based animation entertainment company DQ Entertainment International (DQE) has entered into a strategic five-year alliance with Paris-based entertainment company MoonScoop. Source: IndiaeNews.com: Business News | 27 Jun 2008 | 4:32 pm
National Housing Bank (NHB) would raise Rs.110 billion ($2.6 billion) during the current fiscal to fund the housing industry, said a top official here Friday. Source: IndiaeNews.com: Business News | 27 Jun 2008 | 3:32 pm
BEIJING (Reuters) - Inflation has few friends among central bankers, politicians or consumers, but soaring food prices may give a big boost to one group that is usually left in the dust in fast-growing countries: the rural poor.
Jay Shree Tea and Industries, part of the BK Birla group, Friday said it would export tea worth Rs.600 million ($14.3 million) in the current fiscal, up from Rs.490 million last year. Source: IndiaeNews.com: Business News | 27 Jun 2008 | 3:31 pm
MUMBAI (Reuters) - The Reserve Bank of India said it can be constrained in articulating its policy if directions and signals from the finance ministry diverge from its own signals.
