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Steel pipe, tube makers to cut prices by 10%: Stl SecyThe Steel Secretary said that steel pipe and tube makers will cut product prices by 10%. Primary and secondary producers will take steps to increase HR coil availability. They will reduce direct and indirect exports, he said. Primary steel companies say they don\'t necessarily see product prices rising in August.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 2:29 pm Sugar cos unsure of govt decontrol from Oct 1The Centre has decided to decontrol the sugar industry staring from the new crushing season, i.e. October 1. The Cabinet is expected to approve the Food Ministrys proposal recommending dismantling the 10% levy currently imposed on mills. However, sugar companies are unsure whether this will move will come about.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 1:22 pm GAILRIL may team up to build petrochem unit in QatarGAIL says it may set up a mega petrochemical unit in Qatar along with RIL, reports Newswire18. GAIL and RIL may hold equal equity in the Qatar petrochemical unit. The company will invest USD1.2 billion, Newswire 18 adds.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 12:39 pm Still in Asarco race, all parties agree on pact: SterliteEven after reports of Groupo Mexico coming to bid for US based Asarco, Anil Agarwal, Chairman Sterlite Industries said that it is still in race for the bankrupt Asarco. We are still in the race for Asarco and all parties have approved the agreement. He added that Asarco buyout process will take three to four court approvals.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 10:43 am Indian shares provisionally end 4.45 pct lowerMUMBAI (Reuters) - Indian shares provisionally fell 4.45 percent on Thursday, led by ICICI Bank and Reliance Industries, as record oil prices and political uncertainty rattled investors.Source: Reuters: Money News | 3 Jul 2008 | 10:10 am RCom eyes 51% stake in MTNThe Anil Ambani group firm RCOM is tying up with some global private equity and sovereign funds for acquiring a majority stake in South African telecom major MTN.Source: Daily News & Analysis: Money News | 3 Jul 2008 | 10:07 am Shares tumble worldwide on "Super Thursday"LONDON (Reuters) - A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth, just hours ahead of an expected euro zone interest rate hike and a key U.S. jobs report.Source: Reuters: Money News | 3 Jul 2008 | 10:04 am Truckers' strike starts pinching farmers, consumersMUMBAI (Reuters) - A strike by Indian truckers, into its second day on Thursday, has begun to pinch Indian consumers and farmers as fruit and vegetable prices jumped 10 to 30 percent in wholesale consumer markets, traders said.Source: Reuters: Money News | 3 Jul 2008 | 9:54 am Sail clarifies holding price line - Business Standard
Source: Google News India - Business | 3 Jul 2008 | 9:52 am Oil prices strike record high 146 dollars per barrel - Economic Times
Source: Google News India - Business | 3 Jul 2008 | 9:47 am Sensex comes off lower levels @ 14:58 hrs - Sify
Source: Google News India - Business | 3 Jul 2008 | 9:46 am YES Bank ups PLR to 16.5 per cent - Economic Times
Source: Google News India - Business | 3 Jul 2008 | 9:46 am POLL - Inflation seen at 11.44 pct, 13-yr highMUMBAI (Reuters) - India's annual inflation rate is expected to have risen to its highest in more than 13 years in late June, driven by higher prices of fuel and strong demand in the economy, a Reuters poll showed on Thursday.Source: Reuters: Money News | 3 Jul 2008 | 9:44 am GEI Industrial gets orders worth 500 mln rupees - Reuters India
Source: Google News India - Business | 3 Jul 2008 | 9:42 am FACTBOX - Why oil prices hit a record high above $145REUTERS - U.S. crude oil on Thursday hit an all-time high above $145 a barrel.Source: Reuters: Money News | 3 Jul 2008 | 9:41 am Retail fuel price revision again in October - NDTV.com
Source: Google News India - Business | 3 Jul 2008 | 9:36 am S Kumars gets Rs 900 cr equity infusionSingapore-based GIC Special Investments will invest Rs 900 crore in Reid & Taylor (India) Ltd, a subsidiary of S Kumars Nationwide.Source: Daily News & Analysis: Money News | 3 Jul 2008 | 9:34 am Quatrro BPO to add gaming vertical to its kittyQuatrro BPO now sees an opportunity in the gaming industry. The company has acquired UKbased Babel Media, a leading player in interactive entertainment industry. This is Quatrro\'s sixth acquisition, but the company says it is the biggest so far and will contribute almost 3040% to the company\'s turnover.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 9:33 am Anil Ambani-led consortium eyes 51 pc stake in MTN - Hindu
Source: Google News India - Business | 3 Jul 2008 | 9:29 am Govt says steel firms to cut some prices by 10 pctNEW DELHI (Reuters) - Indian steel firms on Thursday pledged to cut prices of steel pipes and tubes by 10 percent, R.S. Pandey, a secretary at the steel ministry, said.Source: Reuters: Money News | 3 Jul 2008 | 9:27 am Truck strike starts to spur some price risesMUMBAI (Reuters) - Truckstops across India were at a standstill on Thursday as many lorry drivers nationwide staged a strike over rising fuel bills, raising fears that it could force up food price and dampen commerce.Source: Reuters: Money News | 3 Jul 2008 | 9:24 am Fin Min distances itself from blame for truckers strikeThe Finance Ministry is dissociating itself from blame for the truckers strike. It has withdrawn a variety of service tax introduced in this year\'s budget and is willing to offer more concessions.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 9:22 am Titan Ind has $1 bn plans for FY09Titan Industries, the world\'s fifth largest watch manufacturer is looking at becoming a billion dollar entity this fiscal. The company expects jewellery retail, which saw a turnover of Rs 2,000 crore last year to drive the numbers.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 9:10 am Gold stays firm drawing sellers to marketMUMBAI (Reuters) - India's gold prices remained firm on Thursday on account of a weaker rupee and stable overseas markets, where a record-high crude oil kept gold's inflation-busting allure alive.Source: Reuters: Money News | 3 Jul 2008 | 9:05 am Defence budget lowest since 1962 war: Army chiefEven as the Indian armed forces are undertaking a modernisation drive to maintain their deterrent capability, this year's defence budget has slumped to below two percent of the GDP - the first time this has happened since the 1962 India-China war.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 9:01 am BJP shutdown: violence in some states, quiet in othersSeveral highways were blocked, some trains were stopped and thousands of commuters suffered Thursday as a BJP-VHP sponsored shutdown against the decision to cancel land allotted to the Amarnath shrine in Jammu and Kashmir hit several states, leaving others unaffected.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 9:00 am Bharat Petroleum targets Rs.20 bn revenue from non-fuel businessState-owned oil company Bharat Petroleum Corp Ltd (BPCL) is targeting a Rs.20-billion revenue from its non-fuel business.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 9:00 am Indian sugar up on lower supplies, overseas gains - Reuters India
Source: Google News India - Business | 3 Jul 2008 | 8:59 am Markets turn bearish, Sensex down 558 ptsThe stock markets turned bearish on Thursday after Wednesday's strong bounce as weak global cues and a fresh surge in crude oil prices exerted pressure on bourses.Source: Daily News & Analysis: Money News | 3 Jul 2008 | 8:57 am iGATE to expand in ChennaiiGATE Corporation, which recently delisted its subsidiary from the Indian stock exchanges, has said it is expanding its delivery capability in Chennai.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 8:54 am Wanted: Biodiesel policyBiodiesel is coming up in a big way in Andhra Pradesh. But the major bottleneck remains to be the availability of feedstock. The industry here wants the government to come out with a comprehensive biodiesel policy and subsidy for farmers cultivating jatrophaSource: Moneycontrol Top Headlines | 3 Jul 2008 | 8:53 am ESPN STAR Sports bags FIFA rights againESPN STAR Sports (ESS) has acquired the broadcasting rights for the football events, including the 2010 World Cup, of the Fédération Internationale de Football Association (FIFA) for the Indian subcontinent till 2010. Last time too the broadcaster had acquired the rights and had telecast the 2006 FIFA World Cup.Source: Moneycontrol Top Headlines | 3 Jul 2008 | 8:51 am India's Bharti AXA gets nod for general insurance - Reuters India
Source: Google News India - Business | 3 Jul 2008 | 8:42 am Chhattisgarh attracts Rs.43.4 bn investment in cement sectorEight new cement units will be set up in Chhattisgarh with an investment of Rs.43.4 billion, the government said Thursday.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 8:30 am Govt to review fuel prices in October - oil secyMADRID (Reuters) - The government is expected to review domestic fuel pricing in October, Petroleum Secretary M.S. Srinivasan told Reuters on the sidelines of the World Petroleum Congress in Madrid on Thursday.Source: Reuters: Money News | 3 Jul 2008 | 8:28 am 'Reliance Comm, MTN seek to extend talks'Anil-led Reliance Communications and South Africa's MTN are believed to be discussing an extension of exclusivity agreement between them by a few weeks.Source: Daily News & Analysis: Money News | 3 Jul 2008 | 8:17 am TABLE-India funds' average assets drop 5.9 pct in June - Reuters India
Source: Google News India - Business | 3 Jul 2008 | 8:04 am Sensex collapses below 13,000 mark againIndian equity markets suffered huge losses by early Thursday afternoon, with metal, realty, power and capital goods stocks under heavy selling pressure.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 8:01 am Cairn to begin exploration in Bihar after monsoonEnergy major Cairn India will begin the next phase of oil and natural gas exploration in Bihar after the monsoon, a company official said Thursday.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 8:00 am Qatari firm to put its name on Jeev's golf bagAce Indian golfer Jeev Milkha Singh has been snapped up by yet another sponsor with the Qatar-based Panceltica taking over the naming rights of the golfer's bag.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 8:00 am Day Two: Truckers' strike affects goods transportationThe truckers' strike to protest rising taxes and fuel price hike entered the second day Thursday affecting the transportation of goods across the country.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 8:00 am Oil hits new peak on dollar, supply concernsSINGAPORE (Reuters) - Oil jumped about $1 to fresh records on Thursday, as the dollar fell on gloomy U.S. jobs data and a broad equity sell-off, while a higher-than-expected fall in U.S. crude stocks raised supply concerns.Source: Reuters: Money News | 3 Jul 2008 | 7:33 am Little love from audience shows Yash Raj Films losing magicEmbarrassed by the way the audience has cold-shouldered its four recent films in a row - Yash Raj Films (YRF) is once again disappointed with the dismal performance of 'Thoda Pyaar Thoda Magic'.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 7:00 am Equity markets start with a lossIndian equity markets started with a loss Thursday, mirroring weak global markets. Power, realty and capital goods stocks were under selling pressure in initial trade.Source: IndiaeNews.com: Business News | 3 Jul 2008 | 5:31 am Microsoft buys Powerset!Microsoft Corp said on Tuesday it had agreed to buy Powerset, a start-up that is working on a new class of Web search that relies on insights from linguistics rather than simple keyword strings.Source: Zee News : Business | 3 Jul 2008 | 12:14 am No security threat from BlackBerry: Government!Sweeping aside the security concerns, an issue that generated a major controversy leading to protests from Canada, the government on Wednesday gave a go-ahead to the operations of BlackBerry services in India saying there is no security threat from it.Source: Zee News : Business | 3 Jul 2008 | 12:14 am Sensex up 703 pts, closes at 13,665!Markets regained the gaining ways on Wednesday after a three-day losing string with the benchmark Sensex notching up over 700 points, the biggest gain in 10 weeks, on return of buying support at attractive low levels of blue-chip stocks.Source: Zee News : Business | 3 Jul 2008 | 12:14 am Get used to high oil prices: Saudi King!Blaming energy taxes, speculation and high consumption for soaring oil prices, Saudi Arabia`s King Abdullah said both producers and consumers should control these factors to "soften" the impact on the people.Source: Zee News : Business | 3 Jul 2008 | 12:14 am Economy to see slower growth this year: NCAER !High inflation and slowing down of growth have been forecast by an economic think-tank for the remaining part of this fiscal in the face of difficult macro-economic situations.Source: Zee News : Business | 3 Jul 2008 | 12:14 am Bharti Airtel among US mag`s top 100 infotech firms!Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by US magazine Businessweek.Source: Zee News : Business | 3 Jul 2008 | 12:14 am `Oil may touch USD 175 by Diwali`!Skyrocketing crude oil prices are likely to continue the upward March and could reach USD 175 dollar a barrel by Diwali unless there is significant decline in demand from growing economies, analysts say.Source: Zee News : Business | 3 Jul 2008 | 12:14 am SC to hear Ambani brothers` loan dispute!Anil 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: Zee News : Business | 3 Jul 2008 | 12:14 am SBI launches cash back offer from July!State Bank of India on Wednesday said it has launched a `cash back` offer for its debit card holders across the country, starting from July 01, 2008.Source: Zee News : Business | 3 Jul 2008 | 12:14 am Glenmark in Poland: Branded generic boostGives front-ended presence, platform for future launchesSource: Business Line - Home Page | 3 Jul 2008 | 12:00 am Sensex gains 700 points as markets bounce backStock markets, which lost heavily in the last three trading sessions, bounced back on Wednesday, mainly on buying support from domestic institutions and proprietary traders. Positive news on the political front, strong opening of the ...Source: Business Line - Home Page | 3 Jul 2008 | 12:00 am PF Act likely to cover firms with 10 employeesNew Delhi, July 2 More than five million people employed in establishments that have 10 or more workers but less than 20 may soon come under the purview of the Provident Fund Act if the Central Board of Trustees (CBT) of the Employees ...Source: Business Line - Home Page | 3 Jul 2008 | 12:00 am Aviation stocks nosediveJet Airways plummets 36% in a weekSource: Business Line - Home Page | 3 Jul 2008 | 12:00 am Inflation haunts consumers more in rural areasCPI for agricultural labourers on the riseSource: Business Line - Home Page | 3 Jul 2008 | 12:00 am Day Trading GuideFresh long-position can be initiated, if the stock moves above Rs 635 with tight stop-loss. Infosys On Wednesday, the stock breached the resistance level Rs 1,800 by jumping up by 6 per cent, accompanied with ...Source: Business Line - Home Page | 3 Jul 2008 | 12:00 am iGATE to expand in ChennaiNew facility at SEZ to be operational by year-endSource: Business Line - Home Page | 3 Jul 2008 | 12:00 am Wheat prices may gain on cues from other grainsIncrease in rates of barley, maize, bajra; higher freight costsSource: Business Line - Home Page | 3 Jul 2008 | 12:00 am Partial response to truckers strikeNew Delhi, July 2 The indefinite nationwide strike called by the All-India Motor Transport Congress (AIMTC) from Wednesday evoked “partial response” from transport bodies across the country, with trucking activities remaining ...Source: Business Line - Home Page | 3 Jul 2008 | 12:00 am Rains bear down heavily over Gujarat regionThiruvananthapuram, July 2 The intensity of precipitation along the west coast moderated somewhat on Wednesday as dry northwesterlies pushed their way into the moisture-laden southwesterlies. But the rains bore down heavily over the Gujarat ...Source: Business Line - Home Page | 3 Jul 2008 | 12:00 am 'Yuan revaluation the only cure for China's problem'Michael Pettis, a professor at Peking University's Guanghua School of Management and a specialist in Chinese financial markets, is an author.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 11:05 pm May-end revenue deficit at 123% of estimatesThe trend in Union finances by the end of May 2008 is worrisome, with the revenue deficit surpassing the 2008-09 projection by a hefty marginSource: Daily News & Analysis: Money News | 2 Jul 2008 | 10:58 pm Nymex move, N-deal talk trigger short-coveringThe pin that could prick the oil bubble just got sharper. The New York Mercantile Exchange on Tuesday announced margin changes for its crude oilSource: Daily News & Analysis: Money News | 2 Jul 2008 | 10:54 pm Blackberry not a threat, says DoTThe government seems to have changed its stand on the issue of security threat linked to Blackberry servicesSource: Daily News & Analysis: Money News | 2 Jul 2008 | 10:51 pm 'Hot money' tsunami overwhelms ChinaA tsunami of capital inflows, including speculative hot money, is playing havoc with China's monetary policy management.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 10:45 pm Early monsoons prove a washout for AC salesWhile this made manufacturers of air-conditioners the happiest, their sales figure haven't really been heartening.Source: Daily News & Analysis: Money News | 2 Jul 2008 | 10:12 pm Govt may ease service tax norms for truckersThe finance ministry is considering meeting a key demand of truckers by easing procedural issues and raising the abatement on service tax.Source: Business Standard | Front Page Headlines | 2 Jul 2008 | 6:54 pm Sterlite Asarco deal hits another blockVedanta Group firm Sterlite suffered a setback today in its $2.6 billion bid for bankrupt copper miner Asarco with a US bankruptcy judge allowing Asarco's parent Grupo Mexico to come up with a revival package.Source: Business Standard | Front Page Headlines | 2 Jul 2008 | 6:53 pm Sensex bounces back 703 points, but brokers waryRealty stocks jump the most on DLF buyback announcement. ??Hopes of political stability following negotiations between the United Progressive Alliance and the Samajwadi Party, bargain hunting by investors, short covering by bears and a sharp spurt in realty shares saw the Bombay Stock Exchange Sensitive Index bounce back from its 15-month low to register a thumping gain of 703 points.Source: Business Standard | Front Page Headlines | 2 Jul 2008 | 6:52 pm SP eyes berths in UPA govtSeat adjustments in UP also part of deal.??The Samajwadi Party (SP) led by former Defence Minister Mulayam Singh Yadav is not only ready to join the Congress-led United Progressive Alliance (UPA) government at the Centre but has also demanded ministerships as the price for its support.Source: Business Standard | Front Page Headlines | 2 Jul 2008 | 6:51 pm
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