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SBI to review home loan rates next weekNEW DELHI (Reuters) - State Bank of India, the country's largest lender, will decide in a week's time on raising interest rates on home loans, its chief said on Tuesday, following a hike in the state-run firm's key lending rate.Source: Reuters: Money News | 1 Jul 2008 | 10:54 am ArcelorMittal to buy 60% stake in Dubai firmL N Mittal-led ArcelorMittal, the world's largest steel maker, is expanding its presence in the Middle East by acquiring a 60 percent stake in a Dubai-based steel distributor.Source: Daily News & Analysis: Money News | 1 Jul 2008 | 10:46 am IDBI raises lending, deposit ratesMUMBAI (Reuters) - State-run IDBI Ltd has raised its benchmark prime lending rate by 50 basis points to 13.75 percent with effect from Tuesday.Source: Reuters: Money News | 1 Jul 2008 | 10:36 am GLOBAL MARKETS - Banking woes, oil fears hit marketsLONDON (Reuters) - The second half of 2008 got off to a brutal start for equity investors on Tuesday as worries about the banking sector battered European stocks while inflation fears increased with oil over $142 a barrel.Source: Reuters: Money News | 1 Jul 2008 | 10:34 am India sees taxes keeping fiscal deficit within targetNEW DELHI (Reuters) - India's fiscal deficit for the financial year to end-March will be below its budget target due to expected robust tax receipts, Finance Minister Palaniappan Chidambaram said on Tuesday.Source: Reuters: Money News | 1 Jul 2008 | 10:32 am Sensex ends below 13K; Realty, Bank, Metal slip 6 - Moneycontrol.com
Source: Google News India - Business | 1 Jul 2008 | 10:31 am PM asks for proper accounting for panchayat institutions - Economic Times
Source: Google News India - Business | 1 Jul 2008 | 10:26 am Ambani rivalry under scanner of Western mediaIt's the rivalry between the Ambani brothers that has caught the fancy of Western media which compares it to a potboiler penned by fiction writer Jeffrey Archer.Source: Daily News & Analysis: Money News | 1 Jul 2008 | 10:17 am Aviation fuel prices hiked by 7% - TopNews
Source: Google News India - Business | 1 Jul 2008 | 10:15 am Reliance Comm shares plunge on deal concernsMUMBAI (Reuters) - Shares in Reliance Communications Ltd fell nearly 11 percent on Tuesday in a weak market, weighed down by concerns that talks for a potential tie-up with South Africa's MTN Group may fail.Source: Reuters: Money News | 1 Jul 2008 | 10:09 am Indian shares provisionally close 4.1 pct lowerMUMBAI (Reuters) - Indian shares provisionally ended down 4.14 percent on Tuesday as investors dumped stocks on growing worries about high oil prices, inflation and political uncertainty.Source: Reuters: Money News | 1 Jul 2008 | 10:06 am New Nano model underway to mitigate fuel price challenges:Tata - Economic Times
Source: Google News India - Business | 1 Jul 2008 | 9:51 am HDFC drops after hike in lending, deposit rates - NDTV.com
Source: Google News India - Business | 1 Jul 2008 | 9:49 am Godrej Industries in demand - NDTV.com
Source: Google News India - Business | 1 Jul 2008 | 9:49 am Oil rises on weak dollar, Iran tensionLONDON (Reuters) - Oil rose about $2 on Tuesday due to the dollar's weakness and concerns over the main Gulf oil shipping route amid lingering tensions surrounding Iran.Source: Reuters: Money News | 1 Jul 2008 | 9:42 am Ambani rivalry under scanner of Western media - Business Standard
Source: Google News India - Business | 1 Jul 2008 | 9:41 am Bajaj Auto June bike sales up 8% YoY; to launch 5 new models in FY - Sify
Source: Google News India - Business | 1 Jul 2008 | 9:32 am 'MBAs can benefit from learning Chinese'Bala V. Balachandran says a management student "has to learn the culture of each country".Source: Daily News & Analysis: Money News | 1 Jul 2008 | 9:30 am Air Canada shuts more flights to stay afloatHaving axed 2,000 staff and many flights last month, Air Canada has announced suspension and cancellation of more flights to save on fuel.Source: Daily News & Analysis: Money News | 1 Jul 2008 | 9:28 am Reva creator sees power shift for automobilesThe man behind India's first battery driven car Chetan Maini says electric cars will overtake their gasoline and diesel-powered counterparts over the next 15 years.Source: Daily News & Analysis: Money News | 1 Jul 2008 | 9:25 am ABB wins Rs 312 cr order for Delhi airport - Business Standard
Source: Google News India - Business | 1 Jul 2008 | 9:21 am TVS Motor shares drift to 52-week low on weak FY08 results - Economic Times
Source: Google News India - Business | 1 Jul 2008 | 9:11 am Gold higher, demand stays on backseatMUMBAI (Reuters) - India's gold prices remained firm on Tuesday as foreign markets stayed close to a five-week high supported by rising crude oil and a slipping dollar that boosted the appeal of the inflation-resistant yellow metal.Source: Reuters: Money News | 1 Jul 2008 | 9:08 am Asia factories push costs on to world's consumersTOKYO/BEIJING (Reuters) - Soaring commodity costs are seeping through Asian factories to the world's consumers, slicing into Japanese manufacturers' profit and stoking inflation in China and India, surveys showed on Tuesday.Source: Reuters: Money News | 1 Jul 2008 | 9:02 am Steel Authority, Shipping Corp to float joint venture firmThe Steel Authority of India Ltd (SAIL) and the Shipping Corporation of India (SCI) will float a joint venture company to facilitate import of coking coal for SAIL.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 9:00 am Aadesh ties up with Motorola to promote songComposer Aadesh Shrivastava has tied up with Motorola to promote his first international track 'Bollywood Meets Hollywood' that he recorded with American rapper Wyclef Jean and Abhishek Bachchan.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 9:00 am Rupee falls to 15-month low on arbitrage, oilMUMBAI (Reuters) - The Indian rupee fell to a 15-month low on Tuesday, as foreign banks bought dollars in the local market to sell them in the offshore market, to cash in on the price differential, with high oil also hurting sentiment.Source: Reuters: Money News | 1 Jul 2008 | 8:10 am Market trading with loss in afternoon tradeThe Indian equities market was trading with loss in afternoon trade amidst volatility. Banking, realty and oil and gas were under selling pressure.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 7:41 am Hit by airlines, travel portals try new revenue optionsIndian travel agents have begun reworking their revenue streams after a funds crunch forced three leading airlines to scrap their commission.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 7:00 am Indian basmati set to enter China, MexicoIndian basmati rice will shortly enter the kitchens in China and Mexico.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 6:31 am Reva creator Maini sees power shift for automobilesAs the world rues high fuel prices, the man behind India's first battery driven car Chetan Maini says electric cars will overtake their gasoline and diesel-powered counterparts over the next 15 years.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 5:00 am Market trading flat in early tradeThe Indian equities market, which opened with a gain Tuesday, was trading flat in early trade.Source: IndiaeNews.com: Business News | 1 Jul 2008 | 5:00 am SC stays further export of non-basmati rice!The Supreme Court today stayed further shipment of non-basmati rice on the Centre`s petition after Andhra Pradesh High Court had allowed certain companies to export the foodgrain.Source: Zee News : Business | 1 Jul 2008 | 12:26 am OPEC rejects India`s call for oil price band!Oil cartel OPEC on Monday rejected India`s call for regulating crude prices through a price band, saying the market was the best judge and forecast prices climbing to USD 170 a barrel on summer demand in the US. "Producing and consuming nations never agree on any price... They never agreed with (OPEC) price band (that operated between 2000 and 2005). Then we did away with the price band... We are never going to agree (on the price band)," OPEC president Chakib Khelil said.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Vijaya Bank raises PLR and deposit rates!Public Sector Vijaya Bank on Monday announced a 0.25 percent hike in the benchmark prime lending rate to 13.25 percent and up to 0.50 percent increase in deposit rates with effect from Tuesday.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Oil world gathers in Madrid amid blame-game over record prices!Leading figures in the oil world gathered in Madrid on Tuesday for one of the industry`s biggest events, with the search for a remedy to record crude prices again stymied by division about the causes.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Govt should take steps to stop financial irregularities: CAG!The government should take steps to stop financial irregularities in different organisations and by fixing responsibility ensure that such mistakes do not recur, the country`s top auditor has said.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Delay in bank CMDs` appointments affecting operations: Bankers!Delay in filling of CMDs` posts, falling vacant due to retirements, in certain public sector banks is affecting the key decision process especially on interest rates, Bankers have said.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Sensex down 215 pts at mid-session!The Bombay Stock Exchange benchmark Sensex plunged 215 points at mid session on Monday on heavy selling by funds in stocks led by banking, realty and capital goods segments.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Global economy set for worse-than-expected downturn: BIS!The global economy might be set for an unexpectedly severe downturn, the world`s top Central Banking Forum said on Monday, blaming lax credit for fuelling the current financial crisis.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Japan, India enter into bilateral swap agreement!India and Japan on Monday concluded a bilateral arrangement for swapping of local currencies against the US dollar for up to USD 3 billion.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Sensex ends at 15-month low of 13,461!The Bombay Stock Exchange benchmark Sensex on Monday fell for the second straight session to a 15-month low of 13,461.60 points, as funds and general investors off-loaded holdings in refinery, bank and realty segments following projections of a fall in economic growth.Source: Zee News : Business | 1 Jul 2008 | 12:26 am Satyam BPO ranked second globallyHyderabad, June 30 IT services provider Satyam Computer on Monday announced that Satyam BPO, its business process outsourcing arm, has been ranked second among the world’s leading BPO vendors in Brown-Wilson Group’s Black Book of ...Source: Business Line - Home Page | 1 Jul 2008 | 12:00 am Idea Cellular, Malaysian co make open offer for SpiceTo buy up to 13.7 cr equity shares at Rs 77.30 eachSource: Business Line - Home Page | 1 Jul 2008 | 12:00 am ‘Courts will decide whether natural gas comes under mineral oil’New Delhi, June 30 The Central Board of Direct Taxes (CBDT) on Monday reiterated the Government’s existing stance that it was for the courts to resolve the issue of whether ‘natural gas’ should be included in the expression ...Source: Business Line - Home Page | 1 Jul 2008 | 12:00 am AC advertising on TV up 49% in Jan-AprilChennai, June 30 Air-conditioner advertising saw a growth of 49 per cent on TV during January-April 2008 compared with January-April 2007, according to a study conducted by AdEx India. Godrej & Boyce Mfg Company Ltd was the top ...Source: Business Line - Home Page | 1 Jul 2008 | 12:00 am Day Trading GuideThe near-term outlook for the stock is bearish. We recommend a sell in this counter. Infosys Sell the stock only if it reverses for Rs 1,800 level, with tight stop. ...Source: Business Line - Home Page | 1 Jul 2008 | 12:00 am GVK makes exploration entry with BHP26 blocks in NELP VII attract multiple bidsSource: Business Line - Home Page | 1 Jul 2008 | 12:00 am FIIs move to debt market as equities turn unattractiveMumbai, June 30 Foreign institutional investors’ (FIIs) participation in the domestic debt market is on the rise, thanks to the high interest rate differential that exists in comparison with the overseas interest rate regime, especially ...Source: Business Line - Home Page | 1 Jul 2008 | 12:00 am N-deal: Uncertainty continuesSource: Business Line - Home Page | 1 Jul 2008 | 12:00 am ADAG stocks hit new lowsOverhang of family spat, MTN-RCom deal affect sentimentSource: Business Line - Home Page | 1 Jul 2008 | 12:00 am Dipole event prompts monsoon outlook upgradeThiruvananthapuram, June 30 India Meteorological Department (IMD) has upgraded projections about this year’s monsoon to be 100 per cent of the long-period average (LPA) with a model error of plus or minus 4 per cent. This would ...Source: Business Line - Home Page | 1 Jul 2008 | 12:00 am BHP Billiton-GVK grabs 7Australia-based BHP Billiton, world's largest primary resources company, provisionally won 7 deepwater blocks for exploration of oil and gas in consortium.Source: Daily News & Analysis: Money News | 30 Jun 2008 | 9:48 pm Bartronics steps ups microfinance focusThe flourishing lending-to-the-poor operation of microfinance has lured data capture and smart-cards provider Bartronics India, which is giving the business more focus.Source: Daily News & Analysis: Money News | 30 Jun 2008 | 9:40 pm When Nifty means No Income For This YearNifty stands for No Income For This Year, an investment adviser SMSed after the National Stock Exchange 50-stock benchmark index lost 96 points and closed at the lowest level this year.Source: Daily News & Analysis: Money News | 30 Jun 2008 | 9:40 pm Home loans rates to pinch harderStarting today, the already steep home loan rates will pinch further following sharp increases in rates by two of the biggest players.Source: Daily News & Analysis: Money News | 30 Jun 2008 | 9:39 pm Yield curve hints at coming stormImagine a three-month fixed deposit giving a higher return that a 10-year FD. Fantasy perhaps, but such things happen.Source: Daily News & Analysis: Money News | 30 Jun 2008 | 9:39 pm After Esmark, Essar loses Kenya refineryWithin a week of losing American steel firm Esmark to Russian metals giant Severestal, one more overseas acquisition has gone bad for the Ruias of Essar.Source: Business Standard | Front Page Headlines | 30 Jun 2008 | 6:43 pm Top names show up to dig for oilIndia hopes to attract investments of around $3 billion in exploration of oil and gas in blocks offered under the seventh round of the New Exploration Licensing Policy (Nelp VII), for which 181 bids were received from 99 companies, the most under any auction.Source: Business Standard | Front Page Headlines | 30 Jun 2008 | 6:43 pm Nervous banks roll out loan waiverList of beneficiary farmers ready. ??Canara Bank Chairman & Managing Director MBN Rao spent his last day in office in Harohalli in Karnataka.Source: Business Standard | Front Page Headlines | 30 Jun 2008 | 6:42 pm ICICI Bank, HDFC hike deposit, lending ratesIndia's largest private sector lender ICICI Bank and biggest housing loan firm Housing Development Finance Corporation Ltd (HDFC) Monday decided to hike interest rates for their fixed deposits as well as consumer loans.Source: IndiaeNews.com: Business News | 30 Jun 2008 | 5:30 pm Allahabad Bank to increase lending rateKolkata-based Allahabad Bank Monday said it would increase its benchmark prime lending rate (BPLR) by 50 basis points to 13.50 percent from July 1 to increase its cash reserve ratio.Source: IndiaeNews.com: Business News | 30 Jun 2008 | 4:31 pm 'India to add 300,000 MW capacity over next decade'India will add 300,000 MW of power capacity over the next decade presenting an investment opportunity of $600 billion, according to a leading management consulting firm.Source: IndiaeNews.com: Business News | 30 Jun 2008 | 4:31 pm
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