Kolkata-based Nik-Nish Retail Ltd on Sunday said it plans to increase the number of its outlets to 65 from present 15 in the next 18 months. Source: Daily News & Analysis: Money News | 29 Jun 2008 | 1:04 pm
A Paris court is to decide on Monday whether to make eBay pay 51 million euros (USD 80 million) in damages to Louis Vuitton and other French luxury groups for letting fake copies of their goods be auctioned on its website. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
Indian silk industry with an annual business of over Rs 10,000 crore has been hit hard by the last month`s earthquake in China, a major supplier of raw
silk for the manufacturing units in the country. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
Having lost over one-third of its value in less than six months, stock market seems to have more pain in store for investors with experts seeing the benchmark Sensex heading back towards 12,000 level in the next few months. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
The Reserve Bank of India is unlikely to allow foreign banks in the country to expand freely by increasing branch networks or acquisition of a private sector bank, when this issue comes up for a review in 2009. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
A week after failing to deflate record oil prices at a summit in Saudi Arabia, the world`s biggest crude producers and consumers will get another chance to tackle the problem at a meeting this week. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
The Centre may not accept the demand of states that it would share half of their Rs 8,000 crore revenue loss due to cut in sales tax on petroleum products, announced after the rise in administered prices of these fuels, sources said. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
US-based telecom equipment maker Motorola is eyeing big Wi-Max contracts in India and is planning to bid for state-run Bsnl`s urban Wi-Max project. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
Rising inflation, which may up go
up further, has shaken India`s business confidence with 64 percent of industry representatives claiming the current
situation to be worse than what it was six months ago. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
Food and grocery discount retailer
Subhiksha is acquiring a majority stake in a Chennai-based
listed company, Blue Green Constructions and Investments
Limited. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
The nuclear non-proliferation treaty or NPT , which celebrates its 40th birthday this week, may have succeed in keeping the number countries in possession of
nuclear weapons down to a mere handful. Source: Zee News : Business | 29 Jun 2008 | 12:59 pm
Amitabh Bachchan's AB Corp has inked a Rs.15 billion ($375 million) deal with Anil Ambani's Reliance Big Entertainment for making films and serials. Source: Daily News & Analysis: Money News | 29 Jun 2008 | 12:45 pm
MADRID (Reuters) - Oil markets are oversupplied but it would not be wise for any OPEC exporter to tighten the taps given the risk of exacerbating prices, Qatari Oil Minister Abdullah al-Attiyah said on Sunday.
India's corporate sector is nervous about spiralling inflation that hit a 14-year high of 11.42 percent in the week ended June 14, but feels there could be moderate recovery. Source: Daily News & Analysis: Money News | 29 Jun 2008 | 12:04 pm
Enhanced distribution channel, strong branding and a pool of efficient and productive people are the 'spearheading pillars' on which ABFSG aims to emerge as a leading player in the field. Source: Daily News & Analysis: Money News | 29 Jun 2008 | 11:51 am
Science graduates in Haryana will get an enhanced unemployment allowance of Rs.750 per month instead of the Rs.500, the state government announced Sunday. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 11:31 am
Italian apparel chain Benetton on Sunday said it plans to set up 20 new outlets in tier II and tier III cities across the country by the end of next year. Source: Daily News & Analysis: Money News | 29 Jun 2008 | 11:25 am
Till a few years ago, Zirakpur was just a village in Punjab. But having graduated to be a town in its own right, the place is coming to terms with civic polls as millions are being spent to woo voters. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 10:32 am
National Aviation Co of India (NACIL), which runs the state-run carrier Air India, will go for a $6.5 billion insurance cover from Monday, the highest insurance coverage by any airline company in Indian sub-continent, said an airline official. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 9:33 am
The proposed Rs.15-billion Smart City project of this Kerala city has been given to British firm Colin Buchanan. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 9:30 am
India's corporate sector is nervous about spiralling inflation that hit a 14-year high of 11.42 percent in the week ended June 14, but feels there could be moderate recovery in the medium term, said a survey by an industry lobby. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 9:03 am
The fuel outlet owners in Kerala say they find it difficult to go ahead with the business, as petroleum companies are insisting on selling branded petrol and diesel. The branded fuel costs more and customers prefer unbranded fuel. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 9:03 am
Rising school expenses are forcing young parents in India to have only one child, a study by a business chamber says. Source: IndiaeNews.com: Business News | 29 Jun 2008 | 9:02 am
MUMBAI (Reuters) - Higher cement prices in India and other markets were necessary to maintain margins in the face of rising energy costs, a senior executive of Swiss cement maker Holcim told India's Business Standard paper at the weekend.
SEATTLE (Reuters) - Steve Ballmer has been CEO at Microsoft Corp for eight years, but he will finally get to move into the corner office vacated by Bill Gates, the college friend who brought him to the company nearly three decades ago.
MUMBAI (Reuters) - Record inflation in India may dent consumption but the government is not considering a revision to its growth estimate for fiscal 2008/09, the chief economic adviser of the finance ministry told the Economic Times.
MUMBAI (Reuters) - Discount food and grocery retailer Subhiksha is acquiring a majority stake in Chennai-based Blue Green Constructions and Investments Ltd, and expects to merge the two firms and list the combined entity shortly.
The Wholesale Price Index-based inflation shot up further to 11.42 per cent during the week ended June 14, up from the previous week's 11.05 per cent. The increase was driven by an across-the-board increase in price levels of manufactured ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
New Delhi, June 28 India has recorded the lowest growth rate in steel production among the five Asian countries for the first five months of 2008.Indian steel production grew by 4.1 per cent during January-May against an Asian average ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
Chennai, June 28 Subhiksha Trading Services Ltd, the closely held company that runs the country’s largest food and grocery discount retail chain branded Subhiksha, has acquired a majority stake in a Chennai-based listed entity, Blue ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
Hyderabad, June 28 The country would be able to maintain nine per cent growth rate in the medium term despite the recent increase in oil prices internationally, Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, has ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
Mumbai, June 28 Overseas borrowing by Indian corporates has slowed down, as is evident from the figures on external commercial borrowings for the period April-May released by the Reserve Bank of India.According to the RBI data, in ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
Chennai, June 28 Reliance Mutual Fund (RMF) on Friday launched Reliance SIP Insure, an investment option with free life insurance cover. The Deputy Chief Executive officer of Reliance Capital Asset Management Ltd (RCAML), Mr Sundeep Sikka, ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
Bangalore, June 28 The colour of the skin no longer matters in India Inc’s boardrooms. Corporate India, which depended heavily on leadership talent from the US and the UK during its early days of globalisation, is now looking at ... Source: Business Line - Home Page | 29 Jun 2008 | 12:00 am
Swiss cement major, Holcim, promoter of two of India's biggest cement companies, ACC and Ambuja Cements, said there is no escape from increasing the cement prices in the country considering the high energy costs. Source: Business Standard | Front Page Headlines | 28 Jun 2008 | 7:18 pm
Domestic and international airfares are set to rise by 5 per cent beginning October as the travel agents prepare ground to recover 5 per cent commission on the base fare: Amount parted to them by airlines for booking tickets on their distribution systems from consumers. Source: Business Standard | Front Page Headlines | 28 Jun 2008 | 7:16 pm
Food and grocery retailer Subhiksha has taken the acquisition route to list its shares on the stock exchanges. Source: Business Standard | Front Page Headlines | 28 Jun 2008 | 7:11 pm
After all their plans to develop the 22-kilometer, Rs 6,000 crore Mumbai trans-harbour link connecting Sewri and Nhava-Sheva came to naught, leading companies will now jostle to bag the engineering, procurement and construction (EPC) contract for the prestigious project. Source: Business Standard | Front Page Headlines | 28 Jun 2008 | 7:09 pm
TEHRAN (Reuters) - A senior Iranian oil official said he expected crude prices to rise to $150 a barrel in the near future with the onset of higher demand in summer, the semi- official Mehr news agency reported on Saturday.
Saregama India Ltd, the entertainment arm of the Rs.135 billion RPG Group, announced Saturday it would invest up to Rs.1.5 billion in film production and other businesses over the next 18 months. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 6:00 pm
A bus conductor's son in Punjab has developed software to enable chartered accountants (CAs) to prepare balance sheets in the Indian rupee format of lakhs and crores, as against the internationally prevalent million-billion format. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 3:30 pm
India's poor paid nearly Rs.9 billion in bribes over only three months to avail basic public utility services, a new study said on Saturday. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 3:17 pm
The agreement was signed by Tamil Nadu Industries Secretary M.F. Farooqui and the company's chief executive Ivan Brems. Over 800 people will be directly employed once the plant is commissioned. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 3:16 pm
Belgium-based Hansen Transmissions International Saturday signed a Rs.15 billion agreement with the Tamil Nadu government to set up a plant in Coimbatore to manufacture gear boxes for wind turbines. Source: IndiaeNews.com: Business News | 28 Jun 2008 | 2:01 pm
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
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. Source: Daily News & Analysis: Money News | 28 Jun 2008 | 12:36 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
