MUMBAI (Reuters) - India's current account deficit nearly doubled in value in the last fiscal year, as high global oil prices widened the trade gap, and analysts expected further deterioration with no let-up in sight from rising crude prices.
MUMBAI (Reuters) - Shares in Tata Motors, India's top vehicle maker, fell to a three-year low on Monday, leading losses in an auto sector struggling with high input costs, rising interest rates and slowing demand.
MUMBAI (Reuters) - India's biggest mortgage firm Housing Development Finance Corp Ltd and leading private bank ICICI Bank said on Monday they were raising lending and deposit rates.
The Central Bank of India plans to raise Rs.5 billion to Rs.6 billion in the current fiscal to boost its capital base, a top official said here Monday. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 3:03 pm
Private bus operators in Chhattisgarh, have called off their proposed indefinite strike from Monday midnight, after the government permitted them to hike fares. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 3:03 pm
The new time table of the Indian Railways will be implemented from Tuesday, according to an official release. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 3:02 pm
West Bengal Chief Minister Buddhadeb Bhattacharjee Monday said the state government will, during the monsoon session of the assembly that opens Tuesday, table its rehabilitation policy for land losers. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 3:00 pm
The Himachal Pradesh government is planning to install anti-hail guns to protect crops from hailstorms that are common in the hilly state. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 3:00 pm
The state-run New India Assurance Co Ltd will provide $6.5 billion insurance cover to Air India's 140 aircraft from Tuesday, an airline official said Monday. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 3:00 pm
NEW DELHI (Reuters) - India's annual monsoon rains, crucial to farm output and economic growth, are expected to be 98 percent of the average between 1941 and 1990, the Indian Meteorological Department (IMD) said on Monday.
NEW YORK (Reuters) - U.S. stocks fell on Monday, dragged lower by financial shares on concern there could be more credit losses and that record oil prices would hurt corporate profits generally.
Kinetic Engineering said it will start supplying component for Tata Motors' small car project within the next two months. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 2:30 pm
L&T to execute India's first order for super critical 800 MW steam ... domain-B - 1 hour ago Mumbai: The $7-billion technology, engineering and construction group, Larsen & Toubro Limited has received a letter of intent for Rs1,557 crore for a steam turbine generator package of 2 x 800 MW for the Sri Damodaram Sanjeevaiah Thermal Power Station ...
MUMBAI (Reuters) - India's gold futures are seen scaling 13,000 rupees per 10 grams this week following foreign markets, where a firm crude and weak dollar promise continued rallies in the metal, commodity analysts said on Monday.
NEW DELHI (Reuters) - Western oil firms were lukewarm to India's latest licensing round that closed on Monday, deterred by tax issues and concerns about quality of blocks on offer, top executives and officials said.
Maytas Infra Ltd, a Hyderabad-based infrastructure development company, has registered 172 percent growth during 2007-08. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 2:02 pm
NEW DELHI (Reuters) - State Bank of India, the country's largest lender, may have to set aside 10 billion rupees ($230 million) to cover depreciation of its treasury portfolio this fiscal year, its chairman said on Monday.
Bollywood star Abhishek Bachchan, who is the brand ambassador of Idea cellular, appreciates the socially conscious messages that the company sends across through its new ad campaign. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 2:01 pm
The state-run banks have completed the process of waiving loans of about 40 million farmers, a senior finance ministry official said here Monday. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 2:00 pm
With a view to overcome short-term liquidity problems and strengthen existing international financial arrangements, the central Reserve Bank of India (RBI) and Bank of Japan (BOJ) have signed a bilateral swap arrangement (BSA), a joint statement by the two Monday said. Source: IndiaeNews.com: Business News | 30 Jun 2008 | 2:00 pm
Honda Motorcycles and Scooters India (HMSI) will introduce an 800cc bike by the end of this financial year. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 12:24 pm
Oil rose above $141 a barrel in Asia on Monday as expectations of a weaker dollar spurred investors to seek refuge in dollar-denominated oil futures as a hedge against inflation. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
Leaders from the Group of Eight industrial powers will agree to establish a task force at their summit next month to tackle the world food crisis, a report said on Monday. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
Iraq`s oil ministry is set to announce which producing fields would be open for long-term development contracts with oil majors on six short-term oil service contracts. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
Digital music seller Rhapsody is launching a USD 50 million marketing assault on Apple`s iTunes, offering songs online and via partners including Yahoo Inc and Verizon Wireless, Rhapsody said on Monday. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
The Bombay Stock Exchange benchmark Sensex on Monday opened 0.08% lower on Monday, led down by ICICI Bank and Housing Development Finance Corp. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
Microsoft Corp. is scheduled to stop selling its Windows XP operating system to retailers and major computer makers from Monday, despite protests from a slice of PC users who don`t want to be forced into using XP`s successor, Vista. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
This massive oil field surrounded by the desolate sands of Saudi Arabia`s vast eastern desert feels like the middle of nowhere. Source: Zee News : Business | 30 Jun 2008 | 11:58 am
Home loans and auto financing from public sector State Bank of India would be dearer as the lender has decided to hike interest rates by 50 basis points. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 11:56 am
On the back of robust growth in jewellery and watches business, Tata group's Titan Industries is aiming to become a billion dollar company by the end of this fiscal year. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 10:22 am
Citigroup is planning to overhaul its bonus system, aimed to increase co-operation and minimize in-fighting among disparate parts of the conglomerate, a media report said. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 10:03 am
The cost of the \'Nano project\' at the Singur plant in West Bengal has shot up to Rs 2,000 crore from its initial project cost of Rs 1000 crore. Infact, cost overheads have gone up to Rs 300 crore since January this year. Waterlogging due to monsoons last year has been cited as a key reason by the company. Source: Moneycontrol Top Headlines | 30 Jun 2008 | 9:52 am
MUMBAI (Reuters) - India's key stock index, which has fallen a third so far in 2008, could provide a return of less than 10 percent over the next 12 months, brokerage CLSA said on Monday, citing a majority of fund managers in a poll.
Union Finance Minister P Chidambaram has said that the Centre would consider requests from various states, including Tamil Nadu and Karnataka. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 9:01 am
Yes Bank, on Monday said that it has successfully raised Rs 364 crore ($85-million) from Rabobank. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 8:53 am
Cairn India and ONGC (Oil and Natural Gas Corporation) have nearfinalised the plan for joint development of Ambe and North Tapti offshore marginal gas fields in the Gujarat coast. Source: Moneycontrol Top Headlines | 30 Jun 2008 | 8:36 am
Mr Arun Jain, Founder, Chairman and Chief Executive Officer of Polaris Software Lab Ltd, saw his gross remuneration come down by 27% to Rs 85 lakh in 200708 compared with Rs 1.08 crore in the previous year. Source: Moneycontrol Top Headlines | 30 Jun 2008 | 8:33 am
After receiving a lukewarm response for its bids last year, the Tamil Nadu Newsprint and Papers Ltd (TNPL), for the second time, has invited bids from property developers to lease its land in suburban Ambattur to set up an IT park. Source: Moneycontrol Top Headlines | 30 Jun 2008 | 8:28 am
Indian Oil will initiate the process of appointing the project management contractor for setting up the Paradip refinery, early next month. Source: Moneycontrol Top Headlines | 30 Jun 2008 | 8:26 am
Engineering and construction major Larsen and Toubro (L&T) has bagged a Rs.15.57-billion order from Andhra Pradesh Power Development Co. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 7:42 am
Aditya Birla group firm Idea Cellular on Monday made an open offer to the shareholders of Spice Communications for acquiring additional 20 per cent stake. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 6:23 am
Indian-origin steel magnate Lakshmi Mittal has joined the board of the investment bank major Goldman Sachs as an independent director. Source: Daily News & Analysis: Money News | 30 Jun 2008 | 5:20 am
New Delhi, June 29 Global automobile companies setting up their purchasing shops in the country for sourcing components have sounded a note of caution that the soaring commodity prices could erode India’s competitiveness. The Fiat ... Source: Business Line - Home Page | 30 Jun 2008 | 12:00 am
It is still possible that Sensex stays at current levels and moves higher towards 17k. But there is nothing in the horizon that could make it possible, Jogin squealed. Only Obama can make a difference to oil, if he removes troops ... Source: Business Line - Home Page | 30 Jun 2008 | 12:00 am
Thiruvananthapuram, June 29 The upper air cyclonic circulation hovering over east India has not just soaked the immediate backyard from Sunday’s vantage point over Gangetic West Bengal and later Bihar but has also triggered a welcome ... Source: Business Line - Home Page | 30 Jun 2008 | 12:00 am
Chennai, June 29 Every time the rupee rises or falls for a few weeks in a row, pessimists or optimists begin brooding or hoping that it will never fall or rise again. These hopes or fears are as ephemeral as the short-term fluctuations ... Source: Business Line - Home Page | 30 Jun 2008 | 12:00 am
Spencer's Retail, the Rs 800-crore retail arm of the RPG Group, will expand its range of fashion merchandise with the launch of private labels as well as foreign apparel brands, in an attempt to revamp its image as a fashion-centric brand instead of just a food retail chain. Source: Business Standard | Front Page Headlines | 29 Jun 2008 | 6:43 pm
The implementation of the commodities transaction tax (CTT) is likely to be delayed to the end of the year or even next year, thanks to the spiralling inflation and its political fallout. Source: Business Standard | Front Page Headlines | 29 Jun 2008 | 6:42 pm
A no-holds-barred boardroom battle has broken out between Mahendra Nahata and the Dhoots of Videocon, 36:64 partners in Datacom Solutions, a company which wants to launch mobile telephone services all over the country in a month-and-a-half. Source: Business Standard | Front Page Headlines | 29 Jun 2008 | 6:39 pm
