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Sterlite hit: US judge allows Grupo Mexico\'s Asarco bidAnil Agarwalled Sterlite Industries seems to have suffered a temporary setback in its bid to win over bankrupt US copper miner Asarco. A US judge today allowed a rival bidder to submit a reorganisation plan for Asarco.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 4:37 pm Private insurance cos overtake LICPrivate insurance players are leading the premium race. They have raked in almost Rs 4000 crore this year while LIC continues to register dismal growth.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 4:16 pm IIT Bombay gets thumbsup among JEE toppersIIT Bombay has been the top choice for the top 100 students who\'ve taken the IITJEE four years in a row according to records kept by the JEE Commitee. Experts say it\'s the location in the country\'s financial capital Mumbai and the record placement figures that\'s kept IITB on top of the \"most wanted\" list of students.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 4:05 pm DLF board to consider buyback at July 10 meetReal estate major, DLF\'s board plans to convene on July 10 to consider a buyback. Ramesh Sanka, CFO, DLF, said the share price does not reflect the intrinsic value of the company. \"Internal cashflow generation, and low share price were the key triggers behind the move.\"Source: Moneycontrol Top Headlines | 2 Jul 2008 | 3:56 pm Primary producers to hold steel prices till July: Stl SecyWhile steel producers continue to hold prices of steel , the consumers are getting steel at 1015% higher price. RS Pande, Steel Secretary has said that primary producers would hold prices of steel till July. The steel prices in India are lower than international markets since February, he said.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 3:55 pm Have complied by law: Mundra Port SEZIn what could become a longdrawn battle and a major concern for investors of Mundra Port and SEZ, the Supreme Court has put a stay on all construction activity on the SEZ land.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 3:44 pm Pyramid Saimira\'s MD may up holding to 10%: SrcsCNBCTV18 has learnt from sources that Pyramid Saimira\'s MD, PS Saminathan will buy 10% in the company from Nirmal Kotecha. Sources added that the promoter will seek Sebi exemption against open offer post stake buy.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 2:22 pm Primary producers to hold steel prices till July: Stl SecyThe Steel Secy has announced that primary producers will hold prices of steel until July, reports CNBCTV18. Steel prices have been lower in India than intl markets since February, he said. He will meet primary and secondary steel producers on July 3 to discuss price rise.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 1:01 pm Oil trades near record levels around USD 142!World oil traded near record high levels around 142 dollars on Wednesday after the president of OPEC talked of uncertainty surrounding future investment in energy facilities that could boost crude output.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm Ansell buys Hawkeye for USD 10.8mn!Latex glove and condom maker Ansell Ltd. said on Wednesday it has bought the Hawkeye Glove Co., the largest supplier of gloves to the U.S. military, for US$10.8 million.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm TCS plans Rs 4,400 cr Capex!IT major Tata Consultancy Services (TCS) on Wednesday said it will invest Rs 4,467 crore as its capital expenditure in the current financial year.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm PAN not mandatory for govt, court officials: SEBI!Market regulator SEBI has exempted certain categories of investors, including officials from central and state governments and those appointed by the courts, from mandatory presentation of the Permanent Account Number (PAN) for transactions in the securities market.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm Sensex pares early gains, up 45 pts amid fresh selling!The stock markets came under pressure after a strong start as the benchmark Sensex pared initial gains and was quoted 45 points up at 1030 hours amid weak global cues and fresh selling by Foreign Institutional Investors (FIIs).Source: Zee News : Business | 2 Jul 2008 | 12:06 pm India needs to tighten monetary policy: IMF!The impact of surging food and fuel prices being felt globally is "not so big" in India but it needs to tighten its monetary policy, the IMF has said as it warned that some countries will not be able to feed their people and maintain economic stability if the hike continues.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm Ten lakh tonnes of food grains damaged in FCI godowns !Over 10 lakh tonnes of food grains worth several hundred crores of rupees, which could have fed over one crore hungry people for a year, were damaged in Food Corporation of India (FCI) godowns during the last one decade.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm Cement prices to rise in some parts of India: Paper!Cement prices in certain parts of India are likely to go up by Rs 3 per 50 kg bag due to high raw material and transportation costs, a newspaper reported on Wednesday.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm Oil, food price spikes may worsen global poverty: IMF!Rocketing oil and food prices are being increasingly felt around the globe and surging commodity prices could worsen poverty in many poor countries, the international monetary fund warned.Source: Zee News : Business | 2 Jul 2008 | 12:06 pm Microsoft seeks allies for new Yahoo move - WSJNEW YORK (Reuters) - Microsoft Corp is preparing a new bid for Yahoo Inc's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said.Source: Reuters: Money News | 2 Jul 2008 | 11:56 am FACTBOX - Inflationary stresses confronting AsiaSINGAPORE (Reuters) - The rising prices of food and imported fuel are pushing inflation in many parts of Asia to their highest in a decade, weakening trade and budget balances and complicating monetary policy.Source: Reuters: Money News | 2 Jul 2008 | 11:46 am Inflation a short-term challenge: MontekInflation is a short-term challenge, arising out of crude oil price increase, Planning Commission Deputy Chairman Montek Singh Ahluwalia said.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 11:40 am DLF board to consider share buy-backIndian realty major DLF Ltd is considering buying back its equity shares.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 11:38 am Tata AIG, Allahabad Bank tie upTata AIG and Allahabad Bank joined hands to provide mortgage term insurance facilities to the bank's housing loan customers.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 11:38 am Geelani asks Jammu Muslims to maintain communal harmonySyed Ali Geelani, hardline separatist leader and chairman of a breakaway faction of the Hurriyat Conference, Wednesday appealed to Muslims in Jammu to maintain communal harmony in the wake of violent protests over allotment of land to the Shri Amarnath Shrine Board (SASB).Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:31 am Inflation a short-term challenge: MontekInflation is a short-term challenge, arising out of crude oil price increase, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:30 am TVS, Shriram launch Rs.5 bn equity fundThe TVS and Shriram groups, both based here, have launched a Rs.5-billion private equity fund, the TVS Shriram Growth Fund.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:30 am Violent protests over land allotment spread across JammuViolent protests against cancellation of land allotment to the Shri Amarnath Shrine Board (SASB) spread across the Jammu plains Wednesday and mobs defied the curfew here, burning effigies of Chief Minister Ghulam Nabi Azad and shouting anti-government slogans.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:30 am Indian shares snap 3-day slide, rebound 5.4 pctBANGALORE (Reuters) - Beaten down Indian shares rose 5.4 percent on Wednesday, their biggest single-day gain in more than three months, as investors picked up bargains but analysts said high oil prices and political stability were concerns.Source: Reuters: Money News | 2 Jul 2008 | 11:27 am Mkts cheer, Sensex closes 703 pts up - Financial Express
Source: Google News India - Business | 2 Jul 2008 | 11:10 am BHEL expects Rs 2,500 cr order from NTPC: NW18BHEL has said that it expects an order worth Rs 2,500 crore from NTPC, according to NewsWire18 reports.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 11:04 am Tata AIG, Allahabad Bank tie upLife insurance company Tata AIG and Allahabad Bank joined hands Wednesday to provide mortgage term insurance facilities to the bank's housing loan customers.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:03 am DLF board to consider share buy-backIndian realty major DLF Ltd is considering buying back its equity shares.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:03 am Markets ends with a hefty gain, realty,metal stocks shineThe Indian equities market ended its extended losing streak and closed the day with a hefty gain on the back of heavy buying in realty, capital goods, metal and technology stocks.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:03 am Inflation a short-term challenge: MontekInflation is a short-term challenge, arising out of crude oil price increase, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:02 am Diamond Power's new cable plant inauguratedThe high-tension power cables manufacturing plant of cable maker Diamond Power Infrastructure Ltd, formerly Diamond Cables Ltd, was commissioned Wednesday.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:00 am Market closes more than 700 points upThe Indian equities market closed in green Wednesday.Source: IndiaeNews.com: Business News | 2 Jul 2008 | 11:00 am Surat diamond industry wage settlement in sightThe wage hike dispute between diamond cutting and polishing unit owners and workers in Surat would be resolved within the next two to three days.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 10:54 am Have complied by law: Mundra Port & SEZ - Moneycontrol.com
Source: Google News India - Business | 2 Jul 2008 | 10:40 am India, UK sharing CAs - Moneycontrol.com
Source: Google News India - Business | 2 Jul 2008 | 10:34 am Haldiram comes to London... bhujias anyone?After decades of feeding insatiable Indians with its savoury bhujiya snacks, Halidram is coming to London with plans to open a chain of its ubiquitous outlets back home.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 10:34 am BGR Energy bags order worth Rs 3100 cr from TNEB - Business Standard
Source: Google News India - Business | 2 Jul 2008 | 10:23 am UPDATE 1-Indian govt summons steel makers on prices - source - Reuters India
Source: Google News India - Business | 2 Jul 2008 | 10:17 am Govt summons steel makers on prices - sourceMUMBAI (Reuters) - India's steel ministry has summoned steel producers to a meeting on Thursday to discuss measures to control steel product prices, which have risen despite pledges to boost supplies, an industry source said.Source: Reuters: Money News | 2 Jul 2008 | 10:17 am India copper weakens; nickel, lead slide - Reuters India
Source: Google News India - Business | 2 Jul 2008 | 10:15 am DLF considers share buyback; shares jump - Reuters India
Source: Google News India - Business | 2 Jul 2008 | 10:15 am Thinking of buyout? Takeovercode.com may helpSebi\'s takeover code is considered as one of the most complicated in Indian legal jurisprudence. But the Indian takeover law scenario might just get simpler for investors and stakeholders.Source: Moneycontrol Top Headlines | 2 Jul 2008 | 10:07 am Ambanis feud likened to one between Esau and Jacob - Sify
Source: Google News India - Business | 2 Jul 2008 | 10:06 am DLF considers share buyback; shares jumpMUMBAI (Reuters) - Shares in Indian developer DLF Ltd jumped as much as 19 percent on Wednesday, helping the benchmark index extend gains, after the firm said its board would consider a share buyback on July 10.Source: Reuters: Money News | 2 Jul 2008 | 10:01 am SC to hear Ambanis Rs58 cr loan disputeAnil Ambani group company Reliance Infocom Infrastructure has moved the Supreme Court seeking to recover more than Rs 58 crore of outstanding loan from a Mukesh Ambani group firm.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 10:00 am Tata Motors bets on Nano to beat slowdown - Sify
Source: Google News India - Business | 2 Jul 2008 | 9:58 am Airline firms leave fares untouched - Sify
Source: Google News India - Business | 2 Jul 2008 | 9:58 am Glenmark acquires 7 pharmaceutical brandsGlenmark Pharmaceuticals said it has signed agreements with Iceland-based Actavis to acquire seven pharmaceutical brands in Poland for an undisclosed amount.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 9:55 am India mulling more tax relief for truckers - officialsNEW DELHI (Reuters) - India is considering more tax relief measures for goods transport agencies, senior tax officials said on Wednesday, as millions of truckers went on strike to protest rising fuel costs and high taxes.Source: Reuters: Money News | 2 Jul 2008 | 9:52 am Rupee gains as stocks rise, oil keyMUMBAI (Reuters) - The Indian rupee rose on Wednesday, helped by gains in the local stock market raising hopes of some capital inflows but high oil prices continued to put downward pressure on the rupee curbing further gains.Source: Reuters: Money News | 2 Jul 2008 | 9:45 am 'India needs to tighten monetary policy'The impact of surging food and fuel prices being felt globally is "not so big" in India but it needs to tighten its monetary policy.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 9:05 am India gold firm, investors eye dipsMUMBAI (Reuters) - India's gold prices added more gains on Wednesday as overseas markets remained firm, supported by higher crude oil and a weaker dollar that drew more investments into the yellow metal, dealers said.Source: Reuters: Money News | 2 Jul 2008 | 8:54 am Market in positive terrain, Sensex up 703 ptsMarkets regained the gaining ways on Wednesday after a three-day losing string with the benchmark Sensex notching up over 700 points.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 7:52 am Millions of truckers strike over fuel, taxesMUMBAI (Reuters) - Millions of Indian truckers went on strike on Wednesday, parking up their vehicles to protest high taxes and rising fuel bills, union leaders said, but talks to discuss ways to end the stoppage were planned.Source: Reuters: Money News | 2 Jul 2008 | 7:26 am POLL - Indian growth seen at 4-year low as inflation jumpsMUMBAI (Reuters) - India's economic growth is expected to slow more than previously expected in 2008/09, pulled down by high inflation, the Reserve Bank of India’s policy tightening and record oil prices, a quarterly Reuters poll shows.Source: Reuters: Money News | 2 Jul 2008 | 7:14 am High fuel cost may impact CV, car sales: Ratan Tata‘Year ahead will be a year of major challenges’Source: Business Line - Home Page | 2 Jul 2008 | 12:00 am Rupee loses 30 paise to the $Mumbai, July 1 The rupee continued its downward trend and closed 30 paise lower against the dollar, due to fears of high oil price and pullout by FIIs from the domestic stock market. The Sensex lost 500 points today and global oil ...Source: Business Line - Home Page | 2 Jul 2008 | 12:00 am Realty stocks beaten down despite strong earningsSector reeling under multiple concernsSource: Business Line - Home Page | 2 Jul 2008 | 12:00 am Monsoon roars back to life, W. coast poundedThiruvananthapuram, July 1 The west coast, especially the Konkan-Mumbai-South Gujarat belt, has come in for a battering for the second time this monsoon in a pattern best attributed to a recurrent sea-based phenomenon – a positive ...Source: Business Line - Home Page | 2 Jul 2008 | 12:00 am Futures markets: Facing the heatIt is currently the burning question. Are futures markets the cause of high energy and commodity prices? A large section of economists, lawmakers and public opinion thinks so. Thus the calls to tighten regulation and, indeed, in some ...Source: Business Line - Home Page | 2 Jul 2008 | 12:00 am Short-term support for rupee at 44The manic selling in the equity markets this week had its effect on the Indian currency too, causing it to slip below the 43 bastion against the dollar on Tuesday. Dollar demand from arbitrageurs, reflected in the 1-month non-deliverable ...Source: Business Line - Home Page | 2 Jul 2008 | 12:00 am Oil market tightness to continue, says energy bodyDemand in key energy markets to prolong: IEASource: Business Line - Home Page | 2 Jul 2008 | 12:00 am Manmohan gives a push for second-tier accountantsTo meet emerging demand in small, medium sectorsSource: Business Line - Home Page | 2 Jul 2008 | 12:00 am Fuelling a diesel crisisSource: Business Line - Home Page | 2 Jul 2008 | 12:00 am ‘Retail investors should stay away for near term’Analysts see turbulent times ahead in the short-termSource: Business Line - Home Page | 2 Jul 2008 | 12:00 am TCS sticks to $1 bn capex codeA possible slowdown in demand notwithstanding, Tata Consultancy Services, India's largest software exporter, has decided to go ahead with capital expenditure of over a billion dollars this fiscal.Source: Daily News & Analysis: Money News | 1 Jul 2008 | 10:28 pm ONGC firm in shortlist for Iraq oil field developmentONGC Videsh (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), is one of 41 global oil corporations shortlisted by the Iraq government to develop its oil fields.Source: Business Standard | Front Page Headlines | 1 Jul 2008 | 6:47 pm Banks to take Rs 11,000 crore hit in farm loan waiver schemeContrary to the government's earlier assertions, state-owned banks will take a hit of almost Rs 11,000 crore, or nearly 15 per cent of the revised countrywide loan waiver package of Rs 71,600 crore.Source: Business Standard | Front Page Headlines | 1 Jul 2008 | 6:47 pm Brokers, analysts say the worst will be over soonThe markets are nearing the bottom and the worst will be over soon. That's the overwhelming mood among a range of brokers, research analysts and fund managers, according to a poll conducted by Business Standard on a day the Bombay Stock Exchange's benchmark Sensex shed 499 points to close below 13,000.Source: Business Standard | Front Page Headlines | 1 Jul 2008 | 6:45 pm JetLite cancels global flight plansThe low-cost carrier will also ground 3 Boeing aircraft as part of cost-cutting measures.Source: Business Standard | Front Page Headlines | 1 Jul 2008 | 5:38 pm
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