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Kingfisher delays int\'l operations to SeptemberendKingfisher will start its international operations from September 2008 instead of August 2008. Kingfisher was to start its international operations on August 27.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 3:36 pm Is land sale good news for Tata Comm members?Finally, there\'s a good news for Tata Communication share holders. CNBCTV18 has learnt from a top sources in the DoT(Department of Communications) that they will be circulating a draft cabinet note over the next 15 days for the auction of the surplus 773 acres of prime land.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 1:54 pm Rupee lifted by stocks; wary of oil, inflationMUMBAI (Reuters) - The rupee strengthened on Friday as a rise in local shares eased some immediate concerns of more capital outflows, but its gains were limited by high oil prices and further rise in annual inflation.Source: Reuters: Money News | 4 Jul 2008 | 12:49 pm India direct tax receipts up 39 pct y/y in June qtrNEW DELHI (Reuters) - India's direct tax receipts jumped 38.6 pct in the quarter to June from a year earlier to 573.73 billion rupees ($13.28 billion) riding on robust corporate payments, a finance ministry statement said on Friday.Source: Reuters: Money News | 4 Jul 2008 | 12:44 pm 2 Reliance planes seized by Mumbai Air Intelligence!Two airplanes of Reliance were seized on Friday due to alleged violation of airport rules.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm Oz` Origin Energy rejects BG Group`s takeover bid!Origin Energy Ltd., Australia`s second largest power retailer, rejected a 13.7 billion Australian dollar (US$13 billion) takeover bid on Friday from British natural gas producer BG Group. BG Group last month launched a hostile bid of A$15.50 cash per Origin share, almost four weeks after Origin rejected an unsolicited proposal from BG Group at the same price. That was revised up from an initial offering of A$14.70 a share in April.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm IMF sees loss rising to USD 242mn!The International Monetary Fund has projected its budget deficit would rise to USD 242 million in the 2009 fiscal year, after a loss that was not as bad as expected in the past year.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm Japan unveils USD 50 bn in food aid!Japan is to donate a fresh $50 million in emergency food aid to help ease the food crisis in developing countries, the foreign ministry said on Friday.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm `Another 50mn face hunger due to rising prices`!An additional 50 million people across the world face hunger as a result of soaring food prices, the united nations has said, calling for stepped up global cooperation to boost food security in poor nations.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm Arcelormittal, Areva sign industrial partnership pact!The world`s largest steel producer Arcelormittal on Thursday said it has signed an agreement with French nuclear operator Areva for a 70 million Euro investment aimed at increasing production of ingot steel, used in nuclear industry.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm RIL trying to derail MTN talks: Reliance ADAG!Anil Ambani`s Reliance ADAG has charged RIL of desperate attempts to derail MTN discussions. It has charged rival interest of market abuse to impact valuations.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm Inflation surges to 11.63% for week ended June 21!The inflation figure for week ended June 21 rose by 0.21% from the past week to 11.63%. It was 11.42% during the previous week. Finance Minister P Chidambaram has speculated that it would further rise to 13% in the near future.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm NZ trucks snarl cities in nationwide tax protest!New Zealand morning rush hour traffic slowed to a crawl in most cities on Friday as truckers snarled highways and streets with thousands of vehicles in a protest at higher road taxes imposed by the government.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm Sensex up 104 points in early trade!The Bombay Stock Exchange benchmark Sensex rose by 104 points in early trade on Friday on selective buying by funds in heavy-weight stocks, led by Reliance Industries and Infosys Technologies.Source: Zee News : Business | 4 Jul 2008 | 12:32 pm Contenders for Emerging India Awards Infrastructure, ITESThe Emerging India Awards this year will be judged across 17 categories. We take a look at the nominees in the Infrastructure, and the ITES categories.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 12:31 pm Rel Comm rises up 12.5 pct on MTN deal clarity hopesMUMBAI (Reuters) - Shares in Reliance Communications surged 12.5 percent on Friday on expectations some clarity may soon emerge on its exclusive talks with South Africa's MTN Group that end next week.Source: Reuters: Money News | 4 Jul 2008 | 12:28 pm Rel Comm rises up 12.5 pct on MTN deal clarity hopes - Reuters India
Source: Google News India - Business | 4 Jul 2008 | 12:05 pm Inflation up to 11.63 percent; more monetary steps likelyIndia's annual rate of inflation for the week ended June 21 maintained an upward trend, rising to 11.63 percent compared to 11.42 percent for the week before.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 12:01 pm ECB's Weber says rate hike yesterday will contribute to price ... - Forbes
Source: Google News India - Business | 4 Jul 2008 | 12:01 pm Foundation laid for multi-specialty hospital in TripuraTripura Chief Minister Manik Sarkar Friday laid the foundation stone for the 200-bed multi-speciality hospital, to be built and operated by Kolkata-based GPT Healthcare Private Limited (GHPL).Source: IndiaeNews.com: Business News | 4 Jul 2008 | 12:00 pm Hungarian mining firm gets nod for titanium separationA Hungarian company has secured Finance Minister P. Chidambaram's permission to invest Rs.240 million ($6 million) for a 74 percent stake in a company that will mine and separate titanium-bearing minerals.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 12:00 pm Government exploring third-party solution to Blackberry issueThe government is looking at third-party solution to sort out security concerns over Blackberry mobile services operations in India, Telecom Minister A. Raja said here Friday.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 12:00 pm Havells' turnover crosses Rs 2,000 cr in IndiaHavells India Ltd, said it has recorded a turnover of over Rs 2,000 crore last year and is planning to augment production to garner more revenue from the country.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 11:58 am Assam petrochemical plant to be completed by 2012The Rs.54.6-billion petrochemical plant of the Brahmaputra Cracker and Polymer Ltd at Dibrugarh in Assam will be completed by April 2012, it was announced at the company's first annual general meeting here Friday.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 11:54 am Sensex closes 360 points upIndian equity markets closed in the green Friday.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 11:54 am MTN gets upgrade, Reliance talks hit share priceSouth African mobile giant MTN on Thursday got a boost with an upgrade from A+ to AA- by the Fitch Ratings AgencySource: Daily News & Analysis: Money News | 4 Jul 2008 | 11:54 am Market ends last trading day of the week in greenThe Indian equities market ended the day in green on the back of heavy buying in realty, capital goods, power and banking stocks.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 11:53 am Reliance Mutual eyes presence in UAE via BOB - Economic Times
Source: Google News India - Business | 4 Jul 2008 | 11:52 am Indian shares rise 2.8 pct, Reliance Comm reboundsMUMBAI (Reuters) - Indian shares climbed 2.8 percent on Friday as investors picked bargains in the battered market, after political worries appeared to be easing but the outlook was grim due to inflation and high oil prices.Source: Reuters: Money News | 4 Jul 2008 | 11:45 am Farmers aiming to repay waived loans, redeem prideOne of the biggest arguments against the farm loan waiver has been that it will ruin the credit culture and encourage farmers to default. Farmers in Induri and Thara villages think that it is their \"Marathi pride\" to repay.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 11:36 am Indian aviation to prosper with young fleet: KPMG reportThere is hope for the players ruling Indian skies according to consultancy firm KPMG which feels that the Indian aviation sector seems to have an edge off a young fleet.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 11:23 am LBGI forays into interior solutions market - Business Standard
Source: Google News India - Business | 4 Jul 2008 | 11:17 am ICICI Bank revises NRI deposit rates - Economic Times
Source: Google News India - Business | 4 Jul 2008 | 11:15 am Equities end losing streak; Sensex closes 300 points up - Economic Times
Source: Google News India - Business | 4 Jul 2008 | 11:15 am Panacea to enter healthcare sectorVaccine and drug maker Panacea Biotec Ltd has forayed into healthcare by setting up a 220-bed multi-specialty hospital in Gurgaon near Delhi.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 11:01 am TN govt to upgrade its state highways - Business Standard
Source: Google News India - Business | 4 Jul 2008 | 11:00 am Coca Cola to invest $250 mn in IndiaRevealing its plan to invest USD 250 million over the next three years in the country, beverage giant Coca Cola on Friday said India figured strategically in its global gameplan.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 11:00 am Mittal tops UK's Richest Power listLakshmi Mittal who figures right on the top of a new 'Richest Power List', compiled after combining two separate rankings of the most powerful and the most richest in the UK.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 11:00 am Essar Steel plans price review in AugustJ Mehra, Director of Essar Group and CEO of Essar Steel Holdings feels that steel prices may not necessarily go up in August. The company would have a relook later, he said. They are commitment not to review the prices till July ends, he added. Going forward, artificial control won\'t help to contain prices, Mehra said.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 10:58 am RBI: need to calm nerves on inflationMUMBAI (Reuters) - Volatile prices of food and commodity prices have pushed inflation higher and the most urgent priority for central bankers was to calm nerves on inflation, Reserve Bank of India (RBI) Governor Yaga Venugopal Reddy said in a speech.Source: Reuters: Money News | 4 Jul 2008 | 10:53 am India's direct tax collections up 38 percentIn spite of a slowdown in the growth of both industrial production and merchandise exports, India's direct tax collections rose by as much as 38.61 percent in the first quarter of the current fiscal, the finance ministry said Friday.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 10:33 am ICICI Bank revises NRI deposit ratesThe country's largest private sector lender ICICI Bank has revised its interest rates on various non-resident deposit schemes.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 10:32 am GVK hit by credit crunchRising interest rates and double digit inflation has forced India Inc to tighten its belt. Now, leading infrastructure company GVK says it may defer its projects to tide over the credit crunch.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 9:52 am DSKDL & GTC to develop $1 billion SEZ Project - Business Standard
Source: Google News India - Business | 4 Jul 2008 | 9:39 am Oil eases to near $145, U.S. holiday aheadLONDON (Reuters) - Oil was near $145 a barrel on Friday, close to record highs reached in the previous session when traders bought into the market ahead of a holiday weekend in the United States.Source: Reuters: Money News | 4 Jul 2008 | 9:30 am Prakash Industries to invest Rs 485 cr in Chhattisgarh - Hindu
Source: Google News India - Business | 4 Jul 2008 | 9:25 am ADAG seeks probe into RCOM share slideThe Anil Ambani group on Friday wrote a letter to SEBI seeking a probe into the dip in shares of RCOM, which had touched a 52-week low of Rs 381.05 on Thursday, ADAG sources said.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 9:10 am Global tourism registers 5% growthThe United Nations World Tourism Organisation (UNWTO), however, expects slower annual growth due to economic crisis facing the world.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 9:10 am Suzlon to invest Rs 4,000 cr in Tamil NaduSuzlon Energy Ltd plans to invest over Rs 4,000 crore in Tamil Nadu to set up a cluster of production facilities for manufacture of wind turbine generators and related components at the SEZ being set up by Suzlon Infrastructure.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 9:07 am BEL signs up KPMG for growth strategyBharat Electronics Ltd has picked KPMG to advise it on future market opportunities for growth.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 8:52 am Siemens to make metro, train coaches in IndiaEngineering and electrical goods major Siemens may soon set up a facility to manufacture coaches for trains and metros in India, thereby launching a completely new business segment in the country.Source: Moneycontrol Top Headlines | 4 Jul 2008 | 8:49 am GLOBAL MARKETS - World stocks slip again, euro near 1-week lowLONDON (Reuters) - World stocks slipped back towards this week's five-month low on Friday as oil prices near record highs kept inflation concerns alive a day after the European Central Bank raised interest rates.Source: Reuters: Money News | 4 Jul 2008 | 8:36 am Maize prices may rise over Rs 1000/qtl even after ban - Hindu
Source: Google News India - Business | 4 Jul 2008 | 8:25 am FACTBOX - Why oil prices hit a record high near $146Reuters - U.S. crude oil on Thursday hit an all-time high near $146 a barrel.Source: Reuters: Money News | 4 Jul 2008 | 8:24 am Inflation at 11.63 pct, tighter policy seenNEW DELHI (Reuters) - Indian inflation accelerated to 11.63 percent in late June, above forecasts and its highest since the series began in 1995, raising the likelihood of an interest rate increase this month to follow two hikes in June.Source: Reuters: Money News | 4 Jul 2008 | 7:35 am INSTANT VIEW - Annual inflation at 11.63 pct on June 21NEW DELHI (Reuters) - India's wholesale price index rose 11.63 percent in the 12 months to June 21, above the previous week's annual rise of 11.42 percent, government data showed on Friday.Source: Reuters: Money News | 4 Jul 2008 | 7:29 am Archidply lists at Rs 74.55 on BSEArchidply Industries, engaged in the business of wooden interior products, got listed at Rs 74.55 on the Bombay Stock Exchange, with a marginal premium over its issue price of Rs 74.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 7:19 am Sensex up 104 points in early tradeThe Bombay Stock Exchange benchmark Sensex rose by 104 points in early trade on selective buying by funds in heavy-weight stocks, led by Reliance Industries and Infosys Technologies.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 7:19 am Inflation surges to 11.63 per centInflation surged to 11.63 per cent for the week ended June 21, up from 11.42 per cent in the previous week, on the back of costlier food items.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 7:18 am Fuel price rise will not impact domestic air travel growth: KPMGNew Delhi, July 3 The domestic aviation sector will continue to grow as long as income levels rise, the buying power of the middle class remains buoyant, and the economy and gross domestic product are driven on purchasing power parity and not ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am Short covering helps public sector banks recoverPrivate sector banks fall sharplySource: Business Line - Home Page | 4 Jul 2008 | 12:00 am Sensex plunges 570 ptsMumbai, July 3 Stock markets suffered another major fall on Thursday, wiping out most of yesterday’s gains. Crude touching $146 a barrel coupled with poor job data in US dampened sentiment in all major markets.The BSE ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am Forex derivatives and ‘Armstrong’ PalanisamysSource: Business Line - Home Page | 4 Jul 2008 | 12:00 am Nortel in talks with Indian telcos for 4GTrial run of new LTE technology by year-end likelySource: Business Line - Home Page | 4 Jul 2008 | 12:00 am 21% surplus rain in June, more seen comingThiruvananthapuram, July 3 The monsoon has delivered a surplus of 21 per cent during the first month according to the all-India area-weighted rainfall statistics valid as of July 2. An India Meteorological Department (IMD) update said ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am Reliance calls RCom for talks on MTN bidReliance Industries Ltd has called Reliance Communications for conciliatory talks on the issues related to the sale of RCom's stake to the South African telecom major MTN, a spokesman for RIL today said. RIL has sent a letter to bothMTN board ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am Print advertising of ACs up 11%Chennai, July 3 Print advertising of air conditioners grew by 11 per cent during January-April 2008 as compared with January-April 2007. According to a study of AC advertising trends by AdEx India, LG Electronics was the top advertiser ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am United Phosphorus (Rs 267.25): SellWe recommend a sell in United Phosphorus from a short-term perspective. It is evident from the charts of United Phosphorus that after an uptrend (from its March low) the stock encountered resistance at around Rs 360 in May level and commenced a ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am Chilli exports increase to all-time highCoonoor, July 3 The country’s chilli exports in 2006-07 fiscal reached an all-time high, an analysis of the information available with Spices Board and exporters reveals. Exports rose to 209 thousand tonnes from 148.5 thousand ...Source: Business Line - Home Page | 4 Jul 2008 | 12:00 am India is Asia's worst market in 'real'ityThe 700-point gain on Wednesday seems to have been too big for the Sensex to swallow. The BSE benchmark index lost most of it on Thursday.Source: Daily News & Analysis: Money News | 3 Jul 2008 | 11:07 pm Japanese firm tests FDI policy in tobaccoThe issue of foreign direct investment (FDI) in the tobacco industry may be rekindled with Japan Tobacco International Ltd (JTIL), the world's third largest tobacco company, applying to the Foreign Investment Promotion Board (FIPB) to raise its stake in its Indian venture from 50 to 74 per cent.Source: Business Standard | Front Page Headlines | 3 Jul 2008 | 6:49 pm Govt readies three berths for SPThe Congress prepared itself to part with the ministries of coal, environment and forests, and power whenever the Samajwadi Party (SP) signals that it is ready to join the 12-party United Progressive Alliance (UPA).Source: Business Standard | Front Page Headlines | 3 Jul 2008 | 6:45 pm
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