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Time for homecoming for NRIsAfter living abroad for 3040 years, many NRIs are now joining a reverse flow into India, and investing in property back home. Many are looking for retirement or semiretirement homes that may later tempt their children or grandchildren into connections with India. But it can also be good investment.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 5:16 pm Buses emerge as preferred transportation in H\'bad, B\'loreAs airfares continues to rise and airlines cut down routes in the south, one industry is driving away with a windfall and that\'s bus operators. Buses are emerging the preferred choice of transport between Hyderabad and Bangalore.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 4:43 pm Minimum criteria for EPF scheme loweredThe Employee Provident Fund board meet has deferred its decision on setting interest rates for FY09, reports CNBCTV18. The board has okayed a proposal to lower threshold limits to a minimum of 10 employees for applicability to the EPF scheme. The board will meet again next month.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 4:15 pm Is Coimbatore the next BPO city?Popularly known as the Manchester of South India, Coimbatore\'s fame as a textile hub of the country is a wellknown fact. One can say that what Pune is to Mumbai, Coimbatore is to Chennai.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 4:09 pm Is Chennai fuel crunch harbinger of panIndia crisis?Even as Andhra hits upon a unique idea to battle rising crude prises, Chennai continues to struggle. The city grappled all week with a fuel supply crunch. Tata Motors chairman Ratan Tata, in the company\'s annual report, said that if fuel demand grows at 20%, there will be a supply crunch and warned that it will hit car sales.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 3:31 pm Biofuel is next big bet if crude continues to riseThe spike in crude prices has hurt every sector but one industry has taken off. That is the alternative fuel industry, also known as the biofuel industry. Andhra Pradesh is slowly becoming the hub for this sunrise sector.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 3:08 pm Emerging India Awards: Retail Nonretail contendersThe CNBC TV18\'s emerging India awards recognizes and celebrates small and medium sized companies who have achieved success not only on Indian shores but globally.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 1:01 pm Kolkata hawkers protest against Spencer\'s agri retailHawkers of the Gariahat market in South Kolkata prevented the scheduled inauguration of a Spencer\'s large format retail store. It bore the brunt of organized resistance against large format agricultural retailing in Bengal.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 12:42 pm Tata\'s Star Bazaar faces realty roadblockTata\'s retail company Trent today opened its fourth Star Bazaar hypermarket. But the company has just managed to open four stores in four years and the main cause is real estate issues that have caused this snailpaced growth.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 12:34 pm Mounting losses force airlines to cut down staff, routesMounting losses are now forcing airlines to cut down on staff. Airlines say this is bound to happen since they have started cutting down on routes.Source: Moneycontrol Top Headlines | 5 Jul 2008 | 12:31 pm Relief in prices of 30 essential items!Facing severe criticism for relentless rise in prices the government on Friday said rates of 30 essential items have eased for the week ended June 21, even as inflation rose to a new 13-year high of 11.63 per cent for the same period.Source: Zee News : Business | 5 Jul 2008 | 12:26 pm G-8 leaders face worst economic outlook in a decade!Between surging oil prices, food inflation and a credit crunch that`s depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.Source: Zee News : Business | 5 Jul 2008 | 12:26 pm RBI signs MOU with Himachal for development of UCB`s!The Reserve Bank of India and the Himachal Pradesh government have signed a memorandum of understanding for setting up a task force to assess the performances and needs of the urban co-operative banks in the state.Source: Zee News : Business | 5 Jul 2008 | 12:26 pm Forex reserves fall from USD 312.48bn to USD 311.79bn!India`s Forex reserves fell by USD 691 million for the week ended June 27 to USD 311.79 billion as against USD 312.481 billion in the last week.Source: Zee News : Business | 5 Jul 2008 | 12:26 pm `India to be largest Wimax mkt by 2012`!India will be the largest market for Wimax in the Asia-Pacific region by 2012, with an estimated market share of 35.7 per cent in terms of revenue and 15.8 million subscribers, says a report.Source: Zee News : Business | 5 Jul 2008 | 12:26 pm Kingfisher likely to buy into SpiceJetUB Group chairman Vijay Mallya is in talks with two major share holders of New Delhi-based low cost carrier SpiceJet to buy the airline.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 12:01 pm Distillery by-product helps increase milk productionLiquor may be bad for health but its by-product from a newly established distillery in Punjab's border district of Gurdaspur is proving a boon for farmers in the area.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 12:00 pm Axis bank to add 210 branches this fiscalThe private sector Axis bank proposes to add 210 branches nationally this fiscal of which 52 would be in the southern states, a top bank official on Saturday said.Source: Daily News & Analysis: Money News | 5 Jul 2008 | 11:59 am GNFC shuts ammonia, urea plants due to tech snagsMUMBAI (Reuters) - Gujarat Narmada Valley Fertilizers Co Ltd (GNFC) said on Saturday it shut several manufacturing units, including those making ammonia and urea, due to technical problems at its ammonia unit.Source: Reuters: Money News | 5 Jul 2008 | 11:54 am Amar Singh mounts attack on Chidambaram, DeoraThe Samajwadi Party, which is expected to extend outside support to Prime Minister Manmohan Singh's government, Saturday stepped up its attack on Finance Minister P. Chidambaram and Petroleum Minister Murli Deora.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 11:00 am Land conversions made simpler in GujaratThe state government has come out with a new policy that will make it easy to convert agricultural land to commercial non-agricultural land.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 10:34 am World must brace for oil beyond $150LONDON (Reuters) - Oil's meteoric rise since the start of the year to nearly $150 has distressed consumers and policy makers the world over, but the stark reality is prices are likely to rise higher still.Source: Reuters: Money News | 5 Jul 2008 | 10:29 am Customs seize 2 RIL aircrafts for duty evasion - Moneycontrol.com
Source: Google News India - Business | 5 Jul 2008 | 10:13 am EPF set for huge expansion, threshold bar lowered - Business Standard
Source: Google News India - Business | 5 Jul 2008 | 10:00 am Indian for top slot in global food bodyAgricultural and Processed Food Products Export Development Authority (Apeda) director Sanjay Dave has become the first Indian to be elected the vice-chair of Codex Alimentarius Commission (CAC), an international body with 170 member countries.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 9:30 am Percept Picture to release 'Hancock' in IndiaAfter successfully releasing 'Spiderman 3' in India last year, Percept Picture Co (PPC) has acquired distribution rights of yet another Hollywood movie 'Hancock' to be screened July 11 in the country.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 9:30 am Tata's Star Bazaar faces realty roadblock - Moneycontrol.com
Source: Google News India - Business | 5 Jul 2008 | 8:05 am Customs dept wants more duty on Reliance planes - mediaMUMBAI (Reuters) - The Mumbai Customs department has lodged a claim for additional import duties on two aircraft owned by Mukesh Ambani's Reliance group, including on the Airbus he gave his wife for her birthday, Indian media said on Saturday.Source: Reuters: Money News | 5 Jul 2008 | 7:43 am Ancient Indian farming technique picks up in mango beltFour years ago, when a Lucknow-based horticulture institute floated the idea of homa-farming, cultivators in the mango belt of Kakori and Malihabad adopted it in droves.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 7:32 am Indian equity markets fall for seventh consecutive weekIndian equity markets recorded their seventh consecutive week on the decline, due to rising crude oil prices, inflation worries and looming political uncertainty. Out of the five trading sessions in the week, three ended in the negative.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 7:30 am With only two hits in six months, Bollywood loses Rs.1.5 bnThe year is halfway through, but Bollywood has very little to cheer about. More than Rs.3 billion ($70 million) has gone into making films, but half of the amount sank beyond recovery.Source: IndiaeNews.com: Business News | 5 Jul 2008 | 6:30 am Country’s seventh IIM is born! - MBAUniverse.com
Source: Google News India - Business | 5 Jul 2008 | 5:09 am Retail leads business activities in Delhi - NDTV.com
Source: Google News India - Business | 5 Jul 2008 | 4:58 am Cadila Healthcare to recast consumer business - Sify
Source: Google News India - Business | 5 Jul 2008 | 4:51 am Norms on 3G for telecom panel soon - Sify
Source: Google News India - Business | 5 Jul 2008 | 4:22 am More airlines forced to trim flights - Sify
Source: Google News India - Business | 5 Jul 2008 | 3:46 am Investors see greater value in paper goldWith inflation on the rise, investors seem to have found a golden opportunity in Exchange Traded Funds (ETF).Gold ETFs gained 18.75 per cent, even as the Sensex and Nifty fell 36 per cent in the last six months. There is a lot of ...Source: Business Line - Home Page | 5 Jul 2008 | 12:00 am ‘Majority of security breaches are insider job’Screening employees for integrity is big challengeSource: Business Line - Home Page | 5 Jul 2008 | 12:00 am Markets this weekBears, in a punishing mood, further tightened their hold and hammered the markets with renewed ferocity. Sensex and Nifty were perched precariously, often breaching new yearly lows. After a brief positive start on Monday, the bears returned ...Source: Business Line - Home Page | 5 Jul 2008 | 12:00 am Fresh whirl over northwest Bay by SundayThiruvananthapuram, July 4 The Noida-based National Centre for Medium Range Weather Forecasting has set up a watch for an upper air cyclonic circulation expected to materialise over northwest Bay of Bengal around Sunday. The ...Source: Business Line - Home Page | 5 Jul 2008 | 12:00 am Sterlite has support for US copper co AsarcoSource: Business Line - Home Page | 5 Jul 2008 | 12:00 am Direct tax collections up 38.6% in Apr-JuneNew Delhi, July 4 Aided by sharp growth in tax deduction at source (TDS) collections, the Centre’s net direct tax collections grew 38.61 per cent in the first quarter of the current fiscal to Rs 57,373 crore compared with Rs 41,391 ...Source: Business Line - Home Page | 5 Jul 2008 | 12:00 am The flight of top talent continues to dog firmsPOST-MERGER PANGSSource: Business Line - Home Page | 5 Jul 2008 | 12:00 am Forex reserves accretion trickles down; it’s only $656 m in April-June quarterSource: Business Line - Home Page | 5 Jul 2008 | 12:00 am RCom alleges price hammering in shares, seeks SEBI probeOpen positions decline progressively in F&O segment in JuneSource: Business Line - Home Page | 5 Jul 2008 | 12:00 am Will the RBI probe and unravel the derivatives scam?Source: Business Line - Home Page | 5 Jul 2008 | 12:00 am Kolkata: Hawkers halt opening of mall - Times of India
Source: Google News India - Business | 4 Jul 2008 | 10:59 pm SpiceJet may shun Mallya for RossIt looks like SpiceJet will spurn billionaire Vijay Mallya's bid to pick up a stake and accept the proposal of American turnaround investor Wilbur L Ross JrSource: Daily News & Analysis: Money News | 4 Jul 2008 | 10:45 pm HUL names Hemant Bakshi as ED, sales - Economic Times
Source: Google News India - Business | 4 Jul 2008 | 10:17 pm Airnetz targets SMEs with low-cost charter planesAirnetz Aviation, a Mumbai-based business aviation firm, is seeking to expand the scope of business aviation in IndiaSource: Daily News & Analysis: Money News | 4 Jul 2008 | 10:07 pm Ambuja Realty plans Rs 6,000 cr investmentsAmbuja Realty, the Kolkata based real estate company backed by Harshvardhan Neotia, will invest Rs 6,000 crore over the next five years.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 10:05 pm There's a ray of hope for pneumonia patientsIt's a killer that is not taken seriously enough in India. Though pneumonia kills more than two lakh children below five years of age annually in the countrySource: Daily News & Analysis: Money News | 4 Jul 2008 | 10:02 pm Sagar plans 1 mt plant in TanzaniaSagar Cements, a mid-sized Andhra Pradesh-based cement company, is planning a one million tonne plant in Tanzania.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 10:01 pm Unity Infra's project faces cost escalationCivil contractor Unity Infraprojects Ltd's Rs 94-crore Ulhasnagar water supply project has run into problems on account of escalatingSource: Daily News & Analysis: Money News | 4 Jul 2008 | 10:00 pm Neyveli to invest Rs 1,000 cr morePublic sector lignite-based power generation company Neyveli Lignite Corp plans to add around Rs 1,000 crore over the next two yearsSource: Daily News & Analysis: Money News | 4 Jul 2008 | 9:59 pm Acme Tele plans for foray into Latin AmericaAfter setting up presence in Africa through its acquisition of Norway-based Reime, Acme Tele Power Ltd (ATPL) is mulling an entry in the Latin American countriesSource: Daily News & Analysis: Money News | 4 Jul 2008 | 9:58 pm Prepaying home loan can work for youWith major banks hiking interest rates on loans in recent weeks, borrowers have been at the receiving end.Source: Daily News & Analysis: Money News | 4 Jul 2008 | 9:56 pm GMR eyes airline forayBangalore-based infrastructure group GMR is planning a scheduled commercial airline by the end of 2010.Source: Business Standard | Front Page Headlines | 4 Jul 2008 | 6:48 pm Q1 direct tax growth rebuts slowdown fearsFirst-quarter net direct tax collections for 2008-09 show that corporate India's profitability is more or less intact despite fears of a slowdown induced by high oil prices, inflation and interest rates.Source: Business Standard | Front Page Headlines | 4 Jul 2008 | 6:47 pm Falling markets shrink super rich clubThe super-rich club is shrinking at a dizzying pace. Over 100 billionaires (net worth of Rs 100 crore and above) have turned millionaires courtesy the decline in share prices over the last six months.Source: Business Standard | Front Page Headlines | 4 Jul 2008 | 6:46 pm Merrill nears deal to sell Bloomberg stake - reportNEW YORK (Reuters) - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.Source: Reuters: Money News | 4 Jul 2008 | 6:22 pm French bank body fines SocGen $6 mln over KervielPARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss.Source: Reuters: Money News | 4 Jul 2008 | 6:16 pm Oil falls below $144, Iran responds to nuclear offerLONDON (Reuters) - Oil dropped below $144 a barrel on Friday, but was still within sight of 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 | 5:28 pm Hunter Douglas gallery debuts in SuratHunter Douglas, a market leader in window coverings and manufacturer of architectural products, unveiled Friday its first gallery here.Source: IndiaeNews.com: Business News | 4 Jul 2008 | 4:31 pm India inflation high due to fuel, metal prices-finminNEW DELHI (Reuters) - India's headline inflation is high mainly due to a surge in the prices of fuels and iron and steel products, the finance ministry said in a statement on Friday.Source: Reuters: Money News | 4 Jul 2008 | 2:25 pm Priority is to calm inflation nerves - RBIMUMBAI (Reuters) - Volatile prices of food and commodity prices have pushed inflation higher and the most urgent priority for central bankers is to calm nerves on inflation, the Reserve Bank of India (RBI) governor said.Source: Reuters: Money News | 4 Jul 2008 | 2:20 pm Inflation jumps again, 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 in June.Source: Reuters: Money News | 4 Jul 2008 | 1:43 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
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